COMMERCIAL

Press, Volume LXXXV, Issue 25768, 1 April 1949, Page 5

COMMERCIAL

STOCK EXCHANGES AN AVERAGE DAY Markets were active on the Christchurch Stock Exchange yesterday and prices were again irregular. Union Banks were traded at £9 16s 6d—an appreciable gain—and there were later unsupported sellers at Is higher. DOMINION TRANSACTIONS CHRISTCHURCH Sales on ’Change £ s. d. Var’n. 3 p.c., 55-58 (£1150) ..100 2 6 N.Z. Insurance (100) .. 4 9 0 —l/South British (100) .. 4 5 0 N.C.C.F.C.A., pref. (64), odd 3 2 0 4-2/-Dalgety and Co. (500) .. 010 3 —l/1 B.H.P. (100) .. 2 8 3 —3d Sales Reported Union Bank of Australia (50) .. 916 6 +6/6 Dalgety and Co. (500) .. 0 10 3 —l/1 Union Steam, pref. (100) .. 1 10 9 N.C. B.H.P. (100) .. 2 8 3 —3d Colonial Sugar (10) .. 54 15 0 +l2/6 AUCKLAND Sales.—l/8/51-54, 3 per cent. (£500), £lOO 2s 6d; 15/5/53-56, 3 per cent. (£2540), £lOO 15s; 15/12/53-56, 3 per cent. (£500), £lOO 12s 6d; 15/11/57-60, 3 per cent. (£485), £lOO 8s 9d; 15/6/52-55, 4 per cent. (£300), £lO3 10s; Auckland Gas (700), 8s; N.Z. Insurance (50), 90s; Union Steam, pref. (100), 31s; N.Z. Drug (39), 98s; Forest Products (200), 5s 6d; Union Oil (100), 32s 6d; Woolworths, N.Z. (750), 22s 2d; Woolworths, Sydney (550), 20s 3d. Unlisted: Dominion Life, ord. (500), 8s; Hellabys (100), 61s; Innes Indust., pref. (200), 255; Kent’s Bakeries, pref. (200), 6s 9d. WELLINGTON Sales.—Late Wednesday: National Insurance (325), 21s; Consolidated Brick (250), 10s Id. Yesterday: 2J per cent., 1950-51 (£200), £99 17s 6d; 3 per cent., 1951-54 (£500), £lOO 2s 6d; 3 per cent., 1957-60 (£1650), £lOO 12s 6d; 3 per cent., May, 1953-56 (£1000), £lOO 15s; 3 per cent., December, 1953-56 (£770), £lOO 10s; National Bank of Australasia, 12s 6d paid (100), 18s; Westland Breweries (100), 39s 6d; N.Z. Breweries (50), 48s 6d; National .Insurance (250), 21s; Macduffs, Ltd. (700, 2 sales), 10s; Acetone Welding, pref. (100), 235; Colonial Sugar (10), £54 10s; Woolworths, Ltd., ex div. % (400, 2 sales), 20s 3d. Unlisted: Dominion Life, ordinary, 6s paid (500), 8s; John Chambers, ordinary (250), 31s. DUNEDIN Sales.—Macduffs, ordinary (200), 10s. Sales Reported.—4 per cent., 1952-55 (£200), £lO3 10s; National Insurance (325), late sale, 21s; N.Z. Drug (50), 98s. INVERCARGILL Sales Reported.—l9s3-56, December, 3 per cent. (£300), £lOO 12s 6d; 1955-58, 3 per cent. (£300), £lOO 2s 6d; 1956-59, 3 per cent. (£300), £99 10s—ex interest; Commercial Bank (200), 21s Id; Broken Hill Proprietary (100), 48s 6d; Woolworths. Ltd. (100), 20s 3d. LATEST QUOTATIONS Buyers. Sellers. £ s. d. £ s. d.

OTHER EXCHANGES SYDNEY A sharp fall in the price of shares of the market leader, Broken Hill Proprietary, occurred on the Sydney Stock Exchange yesterday morning, and was continued until the last call. The total fall of Is 6d is attributed mainly to the substantial decline in profit. . Sales.—Tooths, 79s 6d; Mercantile Mutual, 58s 6d; Associated Newspapers, pref., 21s 3d; Anthony Hordern, 255; Aust Paper, 31s; Bradford Cotton, 435; British Tobacco, 48s; Broken Hill Pty., 51s 9d; Colonial Sugar, £6l 7s 6d; Drug Houses, 395; Dunlop, 38s; General Industries, 325; Burns, Philp, 78s 3d; Claude Neon, 365: Goldsbrough, 34s 6d; Carpenter, 48s 9d; Broken Hill North, 71s; Broken Hill South, 45s 6d; Mount Morgan, 9s; Placer Development, £7 Is; Oil Search, 6s 3d. X MELBOURNE Led by a heavy fall in Broken'Hill Proprietary shares, investments declined all day on the Melbourne Stock Exchange yesterday. Trading in base metals was fairly active at lower prices. Sales.—Swan Brewery, 36s 9d; Dunlop, 37s 6d; Felt and Textiles, 49s 6d; General Motors, Holden (pref.), 29s 3d; G. J. Coles, 70s; Gordon and Gotch, 86s; Hume Steel (pref.), 28s 6d; Myer (pref.), 42s 6d; NZ. Forest, 6s 6d; United Provisions, 14s 6d; Broken Hill Pty., 49s lid; South Broken Hill, 455; New Broken Hill, 355; North Broken Hill, 70s 9d; Mt. Lyell, 24s 6d; Mt. Morgan, 9s; Loloma, 14s lid; Oil Search, 6s 3d. LONDON QUOTATIONS ADVANCE LONDON, March 29. Except where indicated as the middle price between buyers’ and sellers’ quotations, the latest sale prices of securities of Dominion in+erest on the London Stock Exchange arc;— March 22. March 29.

Mining Shares:—B.H. Pty., 40s 7id; Zinc Corpn., £5 5s (seller).

Banks— Australasia Comm, of Aust. .. 110 10 7 6 113 New South Wales — 36 5 0 Union Breweries— 9 17 6 Ballins .. 1 9 0 New Zealand — 2 9 0 Tooths 3 8 0 Tui Frozen Meat— 2 6 6 Canterbury, pref. N.Z. Refrig., £lpd. 1 17 6 8 1 10 17 9 10s paid — 0 Nth. Canty., pref. 1 2 0 Christchurch 1 4 0 1 9 10s paid — 0 Timaru . • Insurance0 10 0 National . • 10 New Zealand •« 4 10 0 South British . • Loan and Agency— 4 5 0 C.F.C.A., pref. 3 2 0 Dalgety Nat. Mort., *'A,’ c.d. — 0 10 4 4 0 — N.Z. and River Plate N.Z.F. Co-op. 0 13 3 0 10 9 0 11 3 First pref. “A” pref. 6 10 0 — 4 14 6 — “B” pref. 4 14 6 p.c. Stk. ’50/60 100 10 0 4i p.c. Stk. ’55 .. 100 10 0 —- N.Z. Guar. Corpn. 0 5 4 Perm. Invest. 12 4 0 - Perpetual Trustees 2 3 0 — United Building .. 1 4 2 ■ ■ Wright, Stephenson 2 2 0 Pref. 1 10 — Shipping— Union (pref.) Woollens — — Bruce Felt and Textiles — 2 2 0 of N.Z. 1 18 9 2 0 0 Kaiapoi, 17s paid .. Pref. Mosgiel Timaru ? Andersons, 1st pref. 6 6 6 1 7 0 14 5 0 15 1 0 8 0 9 — 1 7 0 Miscellaneous— • Aust. Foun. Invest,, 0 rights 0 4 0 Avon Metals 1 9 Beath and Co. Z '2 7 0 Begg and Co. 1 12 4 1 12 11 Booth, Macdonald —— 0 3 6 Booth, Mac., pref. — 0 12 Broken Hill Pty. .. — 2 8 6 Canty. Roller Flour — 0 18 0 Canty. Saleyards .. 1 17 0 Colonial Sugar Denhard Bakeries 54 10 0 55 0 0 — 0 14 0 Dom. Fertiliser 1 4 3 1 7 0 D.I.C. (10s Pd.) .. Dunlop, N.Z. 1 16 0 1 19 0 6 6 Pref. Gordon and Gotch 4 0 0 I.C.I. A. N.Z. (pf.) —— 3 0 Matches (N.Z.) Midland Mot., pref. ~~ 0 15 0 6 M.K. Manufac., x.d. — 0 11 7 Macduffs 0 9 9 0 10 0 McKenzies McLeod Bros. National Electric .. 3 2 6 3 17 6 6 — 2 13 0 N.Z.F. Fertiliser — 10 0 N.Z. Forest Prod. 0 5 5 0 5 7 N.Z. Newspapers .. Silknit Skellerup (pref.) — 2 11 9 6 0 1 1 9 Turnbull and Jones — Whit, and Tombs 1 "1 10 1 3 0 Wm. Cable — 10 6 Wilson’s Cement .. Woolworths - — 0 16 9 (N.Z.), ord. W. R. Cooke and — 2 2 Son — 0 8 0 UNLISTED STOCKS Buyers. Sellers. £ s. d. £ s. d. Andrews and Bea2 Beaths, Is paid, 19s on deposit — 1 19 0 Chch. Press Maling and Co., 13 0 0 pref., x.d. 0 0 1 1 6 Matea Forests *" .. Mackintosh, Caley, 0 3 0 Phoenix —— 1 16 0 Macduffs Holdings 0 10 5 —— Mount Cook Tours 0 8 3 — Reece, Ltd.. E., pf. 0 11 0 — Rink Investments 0 18 6 — Scales “C” pref. .. 0 5 3 — Whakatane Board 0 18 0 1 0 0 Pref. — 1 1 3

£ s. d. £ s d. Bank A’asia. 10 0 0 10 2 6 Com. Bk. Aus. *0 19 9 0 0 E., S., and A. Bk *6 3 5 *6 1 104 Union Bank 9 15 74 9 16 3 Nat. Bank N.Z. . •2 15 9 ♦2 15 0 Bank N.S.W. •33 10 0 •33 15 0 British Tobacco . 19 3 *1 18 6 Golds. Mort. •1 8 6 * i 8 6 Dalgety •0 8 9 •0 8 m Ditto, 4 p.c. 110 0 0 •110 5 0 Loan and Merc.t . •101 10 0 •101 10 0 Ditto, ord. 97 0 0 97 5 0 P. and O. Def. . •2 4 3 •2 4 6 ♦Middle price. +Ex div.