COMMERCIAL

Press, Volume LXXXV, Issue 25878, 10 August 1949, Page 8

COMMERCIAL

STOCK EXCHANGES

MARKETS QUIET Markets were quiet on the Christchurch Stock Exchange yesterday, and prices of most stocks dealt in were firm. Reported business was widely spread, and in only one instance was a price fall recorded. In quotations for New Zealand mining stocks, buyers for Austral (N.Z.) offered 5s 6d, with sellers 6d away. For Grey Rivers, buyers offered 3s 7d, sellers asking 4s 9d. Sellers of Snowy River, cum dividend. asked ss, without response from buyers. Buyers for Marthas and Waihi Investments asked 4s and 3s 3d respectively, but no sellers were quoted. DOMINION TRANSACTIONS CHRISTCHURCH Sales on ’Change £ s. d. Varn. 3 p.c., 60-63 (£770) .. 100 10 0 Sales Reported, Listed 3 p.c., Dec., 53-56 (400), late sale Monday .. 100 12 6 - Union Bank of Aust. (25) 9 5 0 N.C. Dom. Breweries (125) .. 3 3 6 —9d Sth. British Ins. (100) .. 4 4 0 N.C. Timaru Wool (200) 1 6 9 N.C. N.Z. Forest Products, late sale Monday. (100) .. 0 6 2 N.C. Woolworths, Ltd. (200) .. 1 1 6 N.C. Sales Reported, Unlisted Dominion Life, 10s paid, pref., late sale Monday (1000) 0 12 6 AUCKLAND Sales.—l/10/53, per cent. (£2000), £99 17s 6d; 15/7/63-65, 3 per cent. (£2490), £99 15s; Union Bank (25), £9 ss; Auck. Gas., 5s paid (100), 3s; South British Insurance (250), 84s; F.A.C., “B” pref. (100), 26s 6d: Leyland O’Brien (120), 25s 9d; B.H. Pty. (300), 40s 6d; Colonial Sugar (5), £55 15s; Macduffs (350), 10s sd; M.K. Mfrs. (200), Ils; N.Z. Drug (52). £5 Is; Forest Prods. (165), 6s Id: Reid Rubber (200), 14s 9d; Robinsons (185), 455; Silknit (100), 255; Tip Top (50), 575, and pref. (200), 265; Woolworths, N.Z. (200), 23s Bd. WELLINGTON Sales.—Late Monday: 3 per cent., 57-60 (£730), two sales, £lOO 7s 6d; 3 per cent., 56/59 (£400). £lOO 12s 6d; N.Z. Guarantee (2000). two sales, 5s 9d. Yesterday: 2\' 2 per cent., 1/10/53 (£2000), £99 17s 6d; 3 per cent., December, 53-56 (£2000), £lOO 10s; 3 per cent., 52-55 (£2000), £lOl ss; Colonial Sugar (5), £55 15s; D.I.C. (100), 30s; G. J. Coles, ex div. (100), 17s 6d; Macduffs, Ltd. (250), 10s sd; Macduffs Holdings, pref. (100), 10s lOd; N.Z. Farm. Fertiliser (200), 325; N.Z. Forest Products (100), 6s 2d; Reid Rubber, ord. (150), 14s 6d, and (200), 14s 9d: Woolworths, Ltd., four sales (400), 21s 6d; 3 per cent., 6264 (£3000), £99 15s. DUNEDIN Sales.—National Insce. (170), 21s 6d. Sales Reported.—N.Z. Guarantee Corp. (1000), 5s 9d; N.Z. Breweries (200), 445; Wool worths, Ltd. (300). 21s 7d; Commercial Bank, ord. (100), 22s 6d; 3 per cent., Dec., 1953-56 (£500), £lOO 10s, and (£300), £lOO ,10s. Unlisted: Williamson Jeffrey (300), 30s. INVERCARGILL Sales Reported.— M.K. Manufacturers (200), Ils; F.A.M.E. (100), 225: N.Z. Guarantee Corp. (1000), 5s 9d; Dominion Breweries (125), 63s 9d. LATEST QUOTATIONS Buyers. Sellers. £ s. d. £ s. d.

Australian Foundation Investment.—The directors recommend a dividend of 51 per cent. Books close August 20 to September 16. both days inclusive.—(P.A.) Wright. Stephenson.—Final dividends for six months, of 21 per cent, on preference shares and 5 per cent., plus bonus of 2 per cent (making 10 per cent, for the year) on ordinary shares, are recommended Transfers will be closed during the 14 days preceding the annual meeting on September 21.—(P.A.)

Banks— Australasia 9 12 6 Comm, of Aust. .. 1 2 6 Natl, of A’asia., £1 1 9 6 12s 6d 0 18 10 Natl, of N.Z. 2 13 9 2 15 0 N.S.W., x.d. 36 0 0 Union .. 9 3 0 —— Breweries— Baltins .. 1 9 9 __ bonumon .. 3 1 9 3 3 9 New Zealand 2 3 9 Westland .. 1 18 0 __ Coal— Kaitangata 1 11 0 Pukemiro 2 0 0 Frozen Meat— Ger 1 10 0 N.Z. Refrig., £1 pd. 1 18 3 10s paid 0 17 6 Southland, c.d. 2 17 9 Gas 1 Christchurch 1 4 0 1 5 0 Tiinaru 0 12 6 InsuranceNational j 1 6 New Zealand 4 17 6 South British 4 4 0 Standard 4 2 9 Loan and Agency— C.F.C.A., pref. 3 3 6 —— Dalgety 0 9 7 0 10 0 Gold., Mort 1 12 3 Trustees Executors 5 13 0 invincible Build. .. 5 6 0 Nat. Mort. "A” 0 8 0 /B” 2 1 6 N.Z.F. Co-op. 0 11 3 0 12 0 First pref. 7 2 6 “A” pref — 4 17 0 41 p.c. Stk.. ’50-60 101 10 0 ■ 4J p.c. Stk., '55 .. 101 10 0 N.Z. Guar. Corpn. 0 5 10 N.Z. Mort. Security 1 3 9 1 6 0 Perm. Invest. 12 10 0 Perpetual Trustees 2 5 6 S.I. Finance, 15s pd. 0 16 9 United Building 1 4 6 __ Wright, Stephenson 2 7 9 2 9 s Pref. 1 7 3 Shipping— Huddart Parker .. 2 6 6 Pref. 1 6 6 Union, pref. 1 9 9 Woollens— Korma, pref. 1 0 1 Felt and Textiles of N.Z., pref. .. _ 6 Kaiapoi, 17s paid .. 1 7 7 Pref. 1 7 6 Oamaru 1 17 0 _ Timaru 1 6 6 1 7 6 Miscellaneous— Acetone, pref. 1 4 3 Alloy Steel (N.Z.) , 2 12 6 Bartholomew Timb. 1 11 9 Aust., C.I. 2 6 3 Avon Metals 1 2 5 Beath and Co., Is paid Pref. 0 19 1 7 6 0 1 2 6 Begg and Co. 1 13 10 Booth, Macdonald 0 1 6 0 2 9 British Tobacco 2 3 6 Broken Hill Pty. .. 2 0 6 2 1 0 Burns, Philp 3 5 0 Canty. Roller Flour 0 16 3 Colonial Sugar 55 12 6 56 0 0 Consolidated Brick 0 8 0 0 9 9 Canty. Saleyards .. 2 8 0 Dominion Builders 0 10 6 Dom. Fertiliser 1 6 6 Donaghy’s Rope .. 2 17 3 - Dunlop Rubbed .. 1 15 0 Dunlop, N.Z. 0 19 11 Elec. Zinc, ord. .. 2 18 3 Pref. 2 18 3 Evans Atlas 1 7 0 G. J. Coles 0 17 3 0 18 0 Greater Crystal .. o Hallenstein Bros. .. 1 10 0 Hogg and Co. ’ .. 0 9 6 Hay’s, Ltd. 2 15 0 3 0 0 I.CJ., A. N.Z., pref. 1 3 0 Kauri Timber 1 9 0 Mason. Struthers, 10s paid 0 13 6 Matches (N.Z.) 0 13 6 Midland Mot., pref. 2 j 9 Morts Dock i i 0 Macduffs 0 10 3 0 10 8 Pref. 1 7 0 Macduffs Hold., pf. 0 10 9 0 11 0 National Electric .. 2 16 6 N.Z. Drug. 4 19 0 5 2 6 N.Z. Forest* Prod. 0 6 0 0 6 2 N.Z. Newspapers .. 2 11 6 Otago Daily Times, x.d. 2 8 3 Quill, Morris (1936) 1 18 6 Radio (1936) 0 16 0 Reid Rubber 0 14 6 0 15 0 Pref. 1 1 3 5 Simpson and Williams 2 12 0 Skellerup, pref. 1 1 10 1 2 3 Rotoiti Timber 0 13 0 Skellerup. pf„ new 1 1 3 Taringamutu Timb. 0 15 0 Taupo Totara, c.d. 1 0 6 Turnbull & Jones, c.d. 1 16 3 Tingey, R. and E.. pref. 1 11 6 United Provisions 0 12 0 Turnbull & Jones. pref., c.d. 1 5 0 Weeks, pref. 1 5 0 Whit, and Tombs 1 1 6 Wm. Cable 1 12 0 Wilson’s Cement .. 0 16 6 0 17 0 Woolworths, ord .. i i 6 a (N.Z.), ord. ’ .. 1 3 6 1 3 8 Properties — 1 6 6 W. R. Cooke and Son 0 7 0 — UNLISTED STOCKS Buyers. Sellers. Amalg. Batteries .. — 1 4 0 Pref 1 4 0 1 8 0 Andrews and Beaven, pref. 1 3 0 Ass. Mot. Pet., pref. 1 11 3 __. Belvedere Maison 0 15 0 Black and White Cabs 0 2 6 Beaths (Is pd., 19s deposit) . 1 17 0 Canty. Seed 1 5 6 ~ Dominion Life, 10s paid. pref. 0 12 0 Christchurch Press 12 15 0 Korma Text., ord. 0 13 0 0 15 0 Lines Bros. — 1 9 0 Matea. Forests 0 2 8 0 3 0 Lane. Walker Rudkin 2 16 0 Mt. Cook Tours .. 0 9 9 o_n 6 Maling, pref. 1 0 6 National Tobfcco .. __ 1 8 0 N.Z. Fisheries — 0 14 0 Scales “C.” prei. .. 0 7 6 0 8 6 Vigilant Auto Fire Alarm 0 5 6 Selfridges (N.Z.), con. 0 lx 6 Whpkatane Board Mills Pref 1 2 0 0 19 0