COMMERCIAL

Press, Volume LXXXV, Issue 25896, 31 August 1949, Page 8

COMMERCIAL

STOCK EXCHANGES ANOTHER QUIET DAY Markets were again quiet on the Christchurch Stock Exchange yesterday, and prices of most stocks held around recent levels. DOMINION TRANSACTIONS

Sales.—ls/4/50-51, 2£ per cent. (£200), £lOO 7s 6d; 1/10/53, 3J per cent. (£4250), £100; 15/9/52-55, 3 per cent. (£600), £101; 15/1/53-57, 3J per cent. (£400), £lOl 15s; 15/6/52-55, 4 per cent. (£1150), £lO3 ss; Bank Australasia (259), £9 ss; Renown, pref. (500), 3s 3d; Auckland Gas (200), 8s; Korina, pref. (150), 20s 3d; Dunlop, N.Z., pref. (100), 20s 9d; Farmers’ Trading (110), 37s 6d; Fletchers (100), 30s 3d; Peters Ice (N.Z.) (50), 40s 6d; Reid Rubber, pref. (200), 21s 9d; Woolworths, N.Z. (100), 23s lid, and (450) 23s lOd; Arahura (100), 13s. Unlisted: Innes Indust., pref. (100), 26s 6d; N.Z. Motor Bodies (500), 31s 6d. WELLINGTON Sales.—Late Monday: National Bank of N.Z. (138), 52s 6d; N.Z. Breweries, two sales (100), 445; Gear Meat (100), 28s; Skellerup Industries, pref. (200), 22s 3d: Woolworths Properties (500), 265. Yesterday: 21 per cent., 1/10/53 (£1600), £99 17s 6d; 3 per cent., Dec., 53-56 (£2180), three sales, £101; 3 per cent., 55-58 (£500), £lOO 2s 6d; 3 per cent., 63-65 (£5100), £lOO 2s6d; Bank of Australasia, cum div. (35), £9 ss; N.Z. Insurance (100), 99s 9d; Korma Textiles, pref., two sales (550), 20s 3d; Broken Hill Pty. (100), 42s 3d; Electro. Zinc. ord. (100), 60s: Macduffs, Ltd. (200), Ils 6d. and (200) Us 7d; Woolworths Pronerties (200). 265; Mount Lyell (100), 21s 6d. DUNEDIN Sales.—4 per cent., 1952-55, £lO3 2s 6d; Gear Meat, late sale (100), 28s; N.Z. Refrig., con., late sale (500), 18s 3d; Korma Textiles, pref., late sale (150), 20s 6d; John Bulleid (200), 18s; 3| per cent., 1953-57 (£200), £lOl 12s 6d; Peters Ice (N.Z.) (50), 40s 6d. Unlisted: N.Z. Motor Bodies (300), 31s 6d.

OTHER EXCHANGES SYDNEY The advanced level of prices at the wool auctions had evidently been fully anticipated by the Sydney share market, which showed little change yesterday. Sales.— National Bank, 20s paid, 32s 6d; Union Bank, £11; Commercial Banking of Sydney, £24 6s; E.. S., and A. Bank, £6 15s 6d; Tooths.’76s; Associated News, pref. 20s 9d: Aust. Paper. 30s: A.C.1.. 525: Bradford Cotton. 44s 6d; Broken Hill Pty , 45s 9d, and cont. 22s Drug Houses, 39s 9d; Dunlop, 40s; General ■ Industries, 31s 3d; Howard Smith, 265: Wilcox, Mofflin. 17s 3d; Woolworths, 23s 4Jd; Colonial Sugar, £59 15s; Kandos, 38s 9d; Broken Hill South, 47s 6d; Mount Morgan. 10s; Oil Search, 7s. MELBOURNE Investment values were irregular on the Melbourne Stock Exchange yesterday but the turnover was considerable. Sales.— Comm. Bank of Australia. 23s 6d; Goldsbrough, 35s 6d; Drug Houses, 39s 6d: Dunlop, 40s; Felt and Textiles, new issue G - J - Coles ’ Pref., 39s 3d; Herald 17s lOd; Broken Hill Pty.. 45s 9d. and cont 22s 9d; North Broken Hill, 735; Mt. Isa, 36s Id; Emperor, Us 6d; Mount Morgan. 9s lid; Oil Search. 7s. Austral New Zealand.—The dredge operated for 472 hours, during the 28 days ended August 27. It treated 226.000 cubic yards and produced 445 ounces bullion.— (FA.)

CHRISTCHURCH Sales on ’Change £ s. d. Var’n. 3 p.c., 61-63 (£300) 100 0 0 — Macduffs, cum div. (1000) 0 11 6 — 4d Woolworths, Ltd. (100) .. 1 1 8 -Id Mt. Lyell (100) 1 1 0 + 4d Sales on ’Change, , Unlisted Ma tea Forests (100, 100, 100) b 2 7 N.C. Sales Reported Electro. Zinc (100) 3 0 0 — Sales Reported, Unlisted Andrews & Bea ven, pref. (200) 1 3 6 4-6d AUCKLAND

LATEST QUOTATIONS Buyers. £ s d. Sellers. £ s. d. Banks— Comm, of Aust. 1 1 6 1 10 E., S., and A. 6 0 0 National of N.Z. .. 2 12 6 Breweries— Ballins 1 10 0 New Zealand 2 9 2 4 0 Tooths — 3 14 0 Westland Coal— 1 18 0 — Kaitangata 1 11 0 — Pukemiro . .. 2 0 Frozen Meat— Canterbury 16 3 0 — Pref. 8 2 6 N.Z. Refrig., £1 pd. 18 0 — 10s paid 0 18 3 — Gas— Christchurch 1 4 6 — 10s paid — 0 11 0 Timaru Insurance— F.A.M.E., pref. — 0 9 0 1 6 0 National 1 1 6 New Zealand 4 19 0 South British Loan and Agency— 4 6 6 — Dalgety 0 9 9 0 10 0 Trustees Executors 5 13 0 — Invincible Build. .. 5 5 0 Natl. Mort. “A” .. 0 8 3 “B” 2 ■ 1 0 N.Z.F. Co-op. — 0 12 0 First pref. 7 2 6 “A” pref. 4 14 0 4 16 6 (4£ p.c. Stk., ’5060) 101 0 0 (4£ p.c. Stk., ’55) 101 0 0 N.Z. Guar. Corpn. N.Z.L. and Mer., 0 ■’ 8 — ord. 91 0 0 Perpetual Trustees 2 5 6 2 7 0 United Building . . Wright, Stephenson, 1 4 6 — c.d. — 2 10 6 Pref., c.d. — 1 6 10 Shipping— Huddart Parker, c.d. 2 9 0 —. Pref., c.d. 14 0 0 Union, pref. Woollens— 1 10 6 — Bonds Felt and • Textiles 2 10 0 — of N.Z., pref. Kaiapoi, 17s paid. 1 4 0 — c.d. 1 8 4 1 9 0 Pref. c.d. ■ 8 0 Korma Tex., pref. 1 0 0 Oamaru 2 1 Timaru 1 3 Wellington, x.d. .. 9 2 0 Pref., x.d. 9 5 0 Miscellaneous— Acetone (pref.) — 1 4 3 Andersons, 1st pf. 1 6 3 Amalg. Wireless .. Aust. Found. In1 - 6 — vest.. new — 0 6 0 Avon Metals Beath and Co., Is 1 6 paid 0 19 6 Pref. i 7 0 Booth, Macdonald 0 ■ 0 3 0 Pref. 0 12 0 Brit. Tobacco, c.d. — 2 4 6 Broken Hill Pty. . . 2 2 3 Burns, Philp 3 6 6 3 8 6 Canty. Roller Flour — 0 15 6 Claude Neon, N.Z. 8 0 2 8 Colonial Sugar 10 0 56 0 0 Consolid. Brick 0 9 0 0 10 0 Dental and Medical — 11 0 Dom. Builders 0 10 1 Dom. Fertiliser 1 8 0 Donaghy’s Rope .. 2 18 0 D.I.C., 10s paid — 1 10 0 Pref. 1 8 0 Dunlop, N.Z. 0 18 3 0 19 6 Pref. ] 0 1 1 0 Electro. Zinc, ord. 2 19 3 Fletcher Holdings 1 9 0 ___ G. J. Coles — 0 18 0 Greater Crystal .. — 1 3 3 Hay’s, Ltd. 2 18 6 Kauri Timber Mas. Struthers, 14s 1 9 0

paid, x.d. Metters (N.Z.) 0 17 1 1 4 6 — Midland Motors, pf. 1 1 9 Milburn Lime 1 12 6 Macduflts, c.d. 0 11 7 0 11 8 Macduffs Holdings, Pref., c.d. 0 10 10 0 11 0 National Electric 2 19 0 N.Z. Forest Prod. 0 5 10 0 6 1 Pref. 0 14 0 N.Z. Paper Mills .. 1 15 9 Radio Corp. 0 15 6 Quill Morris (1936), c.d. 2 0 6 Radio (1936). c.d. .. 0 14 6 Reid Rubber 0 16 6 Pref. 1 1 8 Simpson and Williams 2 12 0 2 17 0 Skellerup, pref. j j 11 Weeks, pref, x.d. .. 0 Whit, and Tombs 1 2 0 12 6 Wilcox. Mofflin — 0 17 0 Wm. Cable — 1 11 6 Wilson’s Cement .. 0 16 9 W’worths. ord. 1 ■ 8 119 (N.Z.), ord. 1 3 9 1 3 11 UNLISTED STOCKS Buyers. Sellers. £ s, . d. £ s. d. Amal. Batteries 14 0 Pref. 1 4 0 18 0 Andrews and Beaven, pref. 1 3 1 13 6 Ass. Mot. Pet., pf. 1 11 0 Canty. Seed 1 5 6 Beaths (Is paid, 19s on deposit.) 1 18 6 2 0 0 Dominion Life, 6s paid 0 7 6 Dominion Life, pf. 0 12 6 Chch. Press 12 j.5 0 Korma Textiles, ord. 0 13 3 0 15 0 Lane. Walker, Rudkin 2 18 0 Matea Forests 0 - 2 7 0 2 8 Mt. Cook Tours .. 0 9 9 0 11 6 N.Z. Motor Bodies 1 11 0 . 1 12 0 National Tobacco 18 0 N.Z. Fisheries 0 14 0 Reece. Ltd., E., ord. 0 1 0 Pref. 0 11 0 Scales “C” (pf.) .. 0 7 0 0 8 6 Selfridges (N.Z.), cont. 0 11 6 Whakatane Board Mills, pref. 1 1 6 —