COMMERCIAL

Press, Volume LXXXV, Issue 25736, 23 February 1949, Page 6

COMMERCIAL

STOCK EXCHANGES INCREASED TURNOVER An increased turnover was recorded on the Christchurch Stock Exchange yesterday and prices generally were well maintained. With the exception of Colonial Sugars, which were down 20s in sales at £53 15s, Australian industrials were firm. DOMINION TRANSACTIONS CHRISTCHURCH

AUCKLAND Sales.— National Bank of N.Z. (200), 555; Bank of N.S.W. (5), £36 ss; N.Z. Insurance (100), 91s 9d; Taupo Totara (200), 225; Berlei, N.Z. (200), 25s 9d; Consolidated Brick (100), 11s 6d; D.1.C., pref.’ (100), 28s 9d; Grey and Menzies (250), 20s 6d; Milne and Choyce, deb. (100), 46s 6d; Royds Bros. (115), 25s 6d; Wilson’s Cement (340), 16s 9d; Woolworths, N.Z. (300), 235; Woolworths, Sydney (100), 20s 3d; Martha (100), 3s Id. Unlisted: Consolidated Brick, pref. (100), 18s 3d; Reid Rubber, pref., £1 paid (200), 21s 6d, and 15s paid (400), 16s 3d. WELLINGTON Sales.—Late Monday: 2J per cent., 49-50 (£400), £99 ss; 3 per cent., 60-63 (£770), £lOO 7s 6d; Wright, Stephenson (100), 41s 9d; British Tobacco (50). 455; Colonial Sugar (10). £53 10s; Macduffs, Ltd. (400), 10s 9d. Yesterday: 2J per cent., 49-50 (£200), £99 ss; 3 per cent., 52-55 (£200), £lOl 2s 6d; 3 per cent., 62-64 (£375), £99 12s 6d; 31 per cent., 57-60 (£500), £lO2 10s; 4 peix cent., 49-52 (£5025), £lOO 15s; N.Z. Guarantee Corpn. (100), 5s 6d; Taupo Totara (200), 225; Claude Neon, N.Z. (200), 475; Colonial Sugar (5), £53 10s. Unlisted: Macduffs Holdings, pref. (200), 10s lid. DUNEDIN Sales Reported.—Abraham and Williams (100), 15s; Royds Bros, and Kirk (Southland) (115), 25s 6d; 3 per cent., 1960-63 (£850), £lOO 7s 6d, and (£400) £lOO 7s 6d; D.1.C., pref. (215), 295; Macky Logan and Caldwell (200), 425; Woolworths, Ltd. (100), 20s 3d. LATEST QUOTATIONS Buyers. Sellers. £ s. d, £ s. d.

OTHER EXCHANGES SYDNEY Holders showed a disposition to lower their limits on the Sydney Stock Exchange yesterday, and falls greatly outnumbered rises. Sales.—Commercial Banking of Sydney, £24 6s; Bank New South Wales, £39 15s; Tooths, 79s 3d; Associated News, pref., 21s 3d; Aus. Paper, 31s; A.C.1., 54s 6d; Bradford Cotton. 42s 3d: Broken Hill Prop., 56s 9d; Colonial Sugar, £6O 12s 6d; Felt and Textiles, 555; Howard Smith. 25s 9d; Wilcox Moffiin, new issue, 17s; Woolworths, 22s 9d; Burns Philp, 77s 9d, Claude Neon, 375; Electro Zinc, pref., 73s 3d; Kandos, 40s; Mount Lyell, 25s 10 l / 2 d; New Broken Hill, 41s; South Broken Hill, 495; North Broken Hill, 79s 6d; Zinc Corporation, £7 15s; Oil Search, 6s 3d; Rawang, 6s 6d. MELBOURNE Sales.—Commercial Bank of Australia, 23s 3d; Dalgety, 13s sd; Goldsbrough, 36s 9d; Swan Brewery, 38s 6d; British Tobacco, 50s 6d; Drug Houses. 42s Id; Dunlop, 41s 3d, and pref., 46s 9d; Gordon and Gotch, 89s; Herald. 20s 8d; Woolworths, 22s 9d; North Broken Hill, 80s. Mount Isa, 41s 8d: Mount Lyell, 25s 6d; Mount Morgan, 9s 4d; Oil Search. 6s 3d.

EGG PRICES INCREASED Retail prices for eggs sold in the Christchuich marketing area have been increased as from February 21. The new prices, with the previous prices in parenthesis, are:—heavy grade, 3s 4d (3s 2d) a dozen: standard, 3s 2d (3s); medium. 3s (2s 10*/ 2 d): pullet, 2s 6d (2s s‘,' 2 d): duck. 3s 2d (3s).

Sales on ’Change £ s. d. Vam. 3 p.c., 1957-60 (£525) .. 100 7 6 — 3 p.c., 1960-63 (£815) .. 100 10 0 — N.Z. Forest Prod. (100) 0 5 10 N.C. Sales Reported 3 p.C., 1955-58 (£400) .. 39 17 6 3 p.c., 1960-63 (£5350) .. 100 10 0 — 3 p.c., 1961-63 (£3750) .. 99 17 6 National Bank of N.Z. (200) .. .. 2 15 0 N.C. N.Z. Farm. Co-op. “A” Pref. (136), odd .. 4 15 0 N.C. N.Z. Farm. Co-op. "B” Pref. (175), odd .. 4 15 0 N.C. Kaiapoi Wool. (104), odd 1 6 6 4-3d Claude Neon, N.Z. (200) 2 7 0 — Colonial Sugar (5; 5) .. 53 15 0 -20/N.Z. Drug (25) .. 5 0 0 N.C.

Banks— Comm, of Aus* .. 1 1 0 1 1 9 National of N.Z. .. — 2 15 6 Union — 10 0 0 Breweries— Ballins • • 1 9 X) — New Zealand .. 2 8 0 a__ Tui 2 6 6 Tooths •• 3 6 0 3 10 0 Westland • • —— 2 1 0 Coal— Kaitangata . • —— 2 5 0 Pukemiro • • — 2 10 0 Frozen Meat— Canterbury 16 0 0 —m Gear — 1 10 6 * N.Z. Refrig., £1 pd. — 1 ’18 6 Nth. Canty., pf. .. 1 2 0 — Christchurch 1 4 9 10s paid mm 0 11 9 Timaru, ex .. 0 10 0 —— Wellington .. 1 8 9 — Insurance— New Zealand .. 4 11 9 South British 4 9 0 Standard — 4 5 0 Loan and AgencyGeneral Finance .. 1 0 0 —. Ch’ch. Building 0 11 4 Newton King, pref. 1 6 0 Mutual Benefit 19 5 0 —— N.Z.F. Co-op. 0 11 0 — First pref. 6 7 6 M—a “A” pref. 4 13 0 4 16 0 “B” pref. 4 12 6 4 16 0 44 p.c. Stk., '50-60 100 15 0 mm 44 p.c. Stk., '55 .. 100 17 6 — ■■ N.Z. Guar. Corpn. 0 5 4 — N.2.L. and Men, ord. 110 0 0 Perm. Investment 12 0 S.I. Finance 1 & 0 MM United Building .. 1 4 8 MW Wright, Stephenson, pref. 1 6 0 Shipping— Northern 0 9 6 Union, pref. mm 1 10 6 Woollens— Bonds 2 9 3 Felt and Textiles — 2 11 0 Felt and Textiles of N.Z., pref. .. 1 5 9 Kaiapoi, 17s pd. .. 1 6 3 __ Pref. —— 1 7 0 Oamaru 17 6 MW Timaru —— 1 9 0 Wellington 9 5 0 — Pref. 9 5 0 M— Miscellaneous— Andersons, first pf. 1 5 6 Avon Metals —m 1 2 0 Beath and Co., Is paid 1 1 9 Begg and Co. .. — 1 13 0 Booth, Mac. 0 3 0 British Tobacco .. 2 5 6 B.H. Pty. 2 10 0 2 11 0 Bycroft 3 1 6 MM Claude Neon, N.Z. — 2 8 0 Colonial Sugar — 54 0 0 Consolid. Brick 0 11 3 0 11 9 Denhard Bakeries 0 14 0 Pref. 1 14 0 Dom. Builders 0 9 6 Dunlop. N.Z. 1 1 9 Pref. 9 Fletcher Holdings —— 1 9 9 G. J. Coles 0 Greater Crystal 1 4 6 Hay’s, Ltd. 3 5 6 __ Kauri Timber . .. 1 12 0 1 15 0 Macky Logan __ 2 2 6 Mason, Struthers, £1 paid 1 7 0 1 8 6 14s paid 0 17 0 10s paid 0 13 0 Matches (N.Z.) t .. 0 10 0 0 15 0 Midland Mot., pref. 1 0 6 Macduffs — 0 11 0 McLeod Bros. — 3 0 0 National Electric .. 2 12 0 N.Z. Drug — 5 ~0 0 N.Z.F. Fertiliser. pref. 0 5 9 0 5 11 N.Z. Forest Prod. 0 12 0 N.Z. Newspapers .. 2 9 6 —m Niven and Co. 1 18 0 Otago Daily Times «—- 2 12 0 Quill, Morris (1936), c.d. ../ 1 18 6 M— Rubber Distrib. .. A — 0 17 6 Sharland .. V m— 2 10 0 Silknit __ 1 9 0 Skellerup (pref.) .. 1 1 11 1 2 3 Taupo Totara 1 1 6 1 3 0 Turnbull and Jones MM 1 17 0 Whit, and Tombs 1 1 9 Wm. Cable MM 1 11 3 Wilsons Cement .. —— 0 17 0 W’worths., ord. .. 1 0 0 1 0 4 (N.Z.), ord. 1 2 8 1 3 0 • (W.A.) 3 10 0 W. R. Carpenter .. 2 0 0 — W. R. Cooke and Son. 0 7 0 — UNLISTED STOCKS Buyers. Sellers. £ s d £ s d Amuri Lime 0 18 0 Amalg. Batteries 1 0 0 1 4 0 Ass. Mot. Pet. (pf.) 1 11 0 —. Andrews and Beav. 1 2 6 1 3 6 Belvedere Maison 0 15 0 * 'Beaths, Is paid, 19s on- dep. 1 17 6 1 19 3 Canty. Seed Co. .. 1 5 0 _M Ch.Ch. Press 12 15 0 mm John Chambers .. 1 10 0 MM Maling and Co., pf. 1 0 3 — Matea Forests —— 0 3 3 Lane, Walker, Rudkin —_ 2 15 0 Mt. Cook Tours .. 0 8 0 0 11 0 National Tobacco —- 1 11 0 Rink Invest. 0 18 6 S. I. Development 0 5 0 0 11 0 Victoria Mansions 2 0 M— Whakatane Board 1 0 0 1 0 6