COMMERCIAL

Press, Volume LXXXV, Issue 25737, 24 February 1949, Page 6

COMMERCIAL

STOCK EXCHANGES EASING TENDENCY A moderate volume of business was transacted on -the Christchurch Stock Exchange yesterday. Apart from Government securities, prices generally showed an easing tendency.

DOMINION TRANSACTIONS CHRISTCHURCH Sales on ’Change £ s. d. Varn. 3 p.c., 1960-63 (£1000) . . 100 10 0 Sales on ’Change, Unlisted Beaths, Is paid, 19s on deposit (225) .. 117 6 N.C. Sales Reported 3 p.c., Dec., 1953-56 (£500) .. ..10012 6 - 3 p.c., 1957-60 (£450) ..100 7 6 3 p.c., 1961-63 (£2500) .. 99 17 6 N.Z. Refrig., 10s paid (600) 0 18 0 N.C. N.Z.F. Co-op. (100), late sale Tuesday .. 0 11 4 N.C. Oamaru Wool (150) .. 117 9 +3d Claude Neon, N.Z. (100) 2 7 0 N.C. Mason, Struthers (150) 1 7 6 —1Sharland and Co. (85), odd, late sale Tuesday .. 2 8 3 Skellerup Ind., pf. (200) 1 2 0 —l/3 Woolworths, N.Z., pref. (100) -. 1. 22 0 +l/Sales Reported, Unlisted Reid Rubber, pf., 15s pd. (100) .. 0 16 3 —3d AUCKLAND Sales.—ls/2/55-58, 3 per cent. (£300), £99 15s; 15/7/61-63, 3 per cent. (£3600), £99 15s; 15/7/63-65, 3 per cent. (£450), £99 15s; Tooths Brewery (455), 68s 9d; Renown (300), 395; N.Z. Insurance (300), 91s; Felt and Textiles, N.Z., pref. (300), 25s 9d; Broken Hill Proprietary (50), 50s 9d; Colonial Sugar (6), £53 17s 6d; Dunlop, N.Z. (100), 21s 6d, and pref. (100), 21s 6d; Farmers’ Trading (400), 38s 6d; George Court (100), 58s 6d; Skellerup, pref. (200), 225; Woolworths, N.Z. (400), 235. Unlisted: Innes Industries, pref. (100), 24s 9d. WELLINGTON Sales.—Late Tuesday: 3 per cent., 196063 (£5000), £lOO 10s; Farmers’ Trading (100). 38s 6d; Wool worths, N.Z. (200), 235. Yesterday: 2j per cent., 1949-50 (£300), £99 7s 6d; 2J per cent., 1950-51 (£200), £99 ss; 2J. per cent., 1953 (£2OOO, 2 sales). £9B 10s; 3 per cent., 1961-63 (£500), £99 15s; N.Z. Breweries (275, 2 sales), 48s; Tooths (100), 68s, and (455), 68s 9d; Wellington Woollen (40), £9 8s; Claude Neon, N.Z. (100), 475; Farmers’ Trading (150), 38s 6d; Woolworths, Ltd. (500), 20s 3d; Woolworths. N.Z. (100), 235. Unlisted: Macduffs Holdings, pref. (900, 3 sales), 10s lid; Whakatane Board Mills, pref. (100), 22s 6d. DUNEDIN Sales Reported.—2J per cent., 1953 (£1000), £9B 10s; 3 per cent., 1961-63 (£3750), £99 17s 6d; 3i per cent., 1957-60 (£500), £lO2 10s; 4 per cent., 1949-52 (£5025), £lOO 15s; N.Z. Refrigerating, con. (300), 18s; Abraham and Williams (200), 15s. INVERCARGILL Sales.—l96o-63. 3 per cent. (£500), £lOO 7s 6d; 1949-50, 2$ per cent. (£300), £99 ss; Kaiapoi Woollens (104), 26s 7d; N.Z. Refrigerating (300), 18s. Late Tuesday: 1960-63, 3 per cent. (£770), £lOO 7s 6d; Milne and Choyce deb. (£100), 46s 6d. LATEST QUOTATIONS Buyers. Sellers.

OTHER EXCHANGES

SYDNEY Trading fell away sharply- on the Sydney Stock Exchange yesterday, but the market appeared to hold at late rates. Sales.—Tooheys, 36s 3d; Tooths, 79s 3d. Associated News, pref., 21s 3d: Aust. Paper. 31s: Bradford Cotton, 42s 3d; Drug Houses, 41s 9d: Felt and Textiles, 55s 3u; Yarra Falls, 675; Mount Lyell, 25s 9d: New Broken Hill, 40s; North Broken Hill. 79s 6d; Mount Morgan, 9s 4d; Oil Search. 6s 3d. MELBOURNE Sales.—Commercial Banking, Sydney, £24 ss; Goldsbrough. 36s 9d; Swan Brewery, 38s: British Tobacco, 50s 3d; Howard Smith, 25s 3d; Masonite. 545; Yarra Falls, 66s 3d; Felt and Textiles. 55s 6d: Electro Zinc, 735; Broken Hill Pty.. 56s 9d; South Broken Hill. 495; Mount Isa, 41s 6d; Oil Search 6s 4d.

AUSTRALIA’S OVERSEAS FUNDS

Australia’s overseas funds reached a record of £357,300,000 when they rose by £11.200.000 last week. This total exceeds by £6,700,000 the previous record of £350,600,000 reached in the last week of 1943.

£ s. d. £ s. d. Banks— Australasia .. — 10 5 0 National of N.Z. .. — 2 15 6 Union .. ,— 10 0 0 Breweries— Baltins .. 19 0 — New Zealand .. 2 8 0 2 8 6 Tui .. 2 6 6 — -Tooths .. 3 6 0 3 10 0 Westland .. — 2 10 Coal— Kaitangata .. — 2 4'0 Pukemiro 2 9 0 2 9 9 Frozen Meat— Canterbury .. 16 2 6 —

Gear 1 10 6 N.Z. Refrig., £1 pd. 1 17 6 10s paid — 0 18 3 Canty., pf. .. 1 2 0 — Christchurch 1 a 8 10s paid __ .0 11 9 Timaru. ex 0 10 0 Wellington Insurance— 1 8 9 — National .. — 3 0 New Zealand —._ 12 0 South British — 4 8 6 Standard Loan and Agency— — 4 5 0 C.F.C.A., ord. 1 5 0 1 9 0 General Finance .. u 0 Dalgety 0 11 0 0 11 A Newton King. pref. 1 6 0 linvincible Bldg. .. 5 0 0 Mutual Benefit 19 5 u Nat. Mort. “A'* 3 0 —— "B” 2 3 0 — N.Z.F. Co-op. 0 11 0 First pref. 6 7 6 ___ "A” pref. 4 12 6 “B” pref. 4 14 0 4J p.c. Stk., ’50-60 101 0 0 —— 4£ p.c Stk., ’55 .. 101 0 0 N.Z. Guar. Corpn. 0 5 5 Perm. Investment 12 1 0 — Perp. Trustees Shipping2 3 0 — Northern — 0 9 6 Union, pref. Woollens— 1 10 3 1 10 6 Felt and Textiles — 2 5 0 of N.Z., cum rts. 2 2 0 — Pref. ■ 5 9 Kaiapoi, 17s pd. .. 1 6 4 Pref. 1 7 0 Oamaru 1 17 6 —— Timaru 1 9 0 Wellington 9 2 6 Pref. 9 7 6 9 15 0 Miscellaneous— Beath and Co., Is paid. 0 18 6 2 6 Begg and Co —_. 1 13 0 British Tobacco .. 2 .5 6 Broken Hill Pty. .. —. 2 11 0 Bycroft 3 9 — Claude Neon, N.Z. 2 7 0 . Colonial Sugar __ 54 0 0 Consolid. Brick 0 11 3 — Denhard Bakeries 0 14 0 Pref. —— 0 Donaghy’s Rope .. — 3 0 0 Dunlop, N.Z., pref. — 1 6 Electro. Zinc., ord. 3 9 0 Pref. 3 9 0 Evans Atlas 1 7 3 Fletcher Hold. —- 1 10 0 G. J. Coles 3 9 0 Hay’s, Ltd. 3 5 6 Kauri Timber Mason. Struthers, 1 12 3 — £1 paid 1 7 3 — 14s paid 0 18 6 10s paid — 0 15 0 Matches (N.Z.) — 0 14 9 Metters (N.Z.) Midland Motors, pf. 1 1 0 1 1 0 Milbum Lime 1 12 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 .. — 1 10 0 Pref. 6 0 — N.Z. Forest Prod. 0 5 8 0 5 11 N.Z. Newspapers .. 2 9 6 — Niven and Co. — ■ 18 0 Otago Daily Times Quill. Morris (1936), — 2 12 0 c.d. 1 18 6 — Reid Rubber — 0 18 0 Rubber Distrib. — 0 17 6 Silknit — 11 1 9 0 Skellerup. pref. 1 — Taupo Totara 1 1 9 — Turnbull and Jones — I 17 0 Tingey, R. E., pf. — 1 12 6 Whit, and Tombs 1 1 9 — Wm. Cable —— 1 11 6 Wilsons Cement .. —■ 0 17 0 W’worths.. ord. 1 0 0 0 3 (N.Z.), ord. 1 2 9 1 3 2 (N.Z.). pref. 2 2 6 (W.A.) —- 3 10 0 W. R. Carpenter .. W. R. Cooke and 2 1 6 2 4 0 Son 0 7 0 0 7 6 UNLISTED STOCKS Buyers. Sellers. £ s - d. £ s. d Amalg. Batteries, pref. 2 0 —- Ass. Mot. Pet. (pf.) 11 0 »— Canty. Seed Co. .. 5 0 —— Ch.Ch. Press 12 15 0 —— Korma Textiles, pf. 1 0 1 1 9 Maling and Co., pf. 1 0 3 — Matea Forests — 0 3 3 Reece, Ltd., E. ord. — 0 17 0 S.I. Development — 0 11 0 Regent Theatre — 0 16 0 Rink Invest. 0 18 6 1 2 6 Scales “C” pref. .. Reid Rubber, pref.. 0 5 1 15s paid — 0 16 6 Victoria Mansions 2 0 —— Whakatane Beard 1 0 0 1 0 3