COMMERCIAL

Press, Volume LXXXV, Issue 25970, 25 November 1949, Page 10

COMMERCIAL

STOCK EXCHANGES BRIGHTER TONE A brighter tone prevailed on the Christchurch Stock Exchange yesterday. The recorded turnover was above the average, and price rises outnumbered falls. DOMINION TRANSACTIONS CHRISTCHURCH

Sales.—ls/12/53-56, 3 per cent. (£200), £lOl 2s 6d; 15/2/55-58, 3 per cent. (£200), £lOO 7s 6d; 15/6/52-53, 4 per cent. (£300), £104; Bank Australasia (30), £8 15s; Unicn Bank (250), £8 ss; N.Z. Insce. (300), £5; South British (50), 90s; Huddart Parker (150), 47s 9d; Felt and Textiles, Aus. (100), 40s 6d; Anthony Hordern (200), 19s 10%d; Booth, Macdonald, pref. (200), 14s; B.H. Pty. (200), 42s 3d; Col. Sugar (5), £55 8s 9d; Farmers’ Trading. “A’ pref. (ICO), 28s, and “B” pref. (150), 27s 9d; Mount Morgan (200), 16s 2d. Unlisted: Maple Holdings, pref. (200), 25s 9d; Ross and Glendining (100), 51s 6d. WELLINGTON Sales.—Late Wednesday: 3 per cent., May, 53-56 (£400), £99 17s 6d. Yesterday: 3 per cent., 52-55 (£300), £lOO 7s 6d; 3 per cent., May, 53-56 (£250), £99 17s 6d; 3 per cent., 56-59 (£595), £100; 3 per cent., 56-59 (£400), £99 17s 6d; National Bank N.Z. (500), 57s 6d; N.Z. Insurance (150). £5; South British (200), 90s; A.C.I. (275), 50s; 8.H.P., ex div. (3po), 42s 9d; B.H.P. (100), 42s 6d; 8.H.P., dontrib. (150), 27s 6d: Denhard, pref. (500), 24s 6d; D.1.C., two sales (400), 29s 6d; Macduffs, three sales (1000), 12s 6d; N.Z. Forest Prod. (121), 5s lid: Wm. Cable. (150), 33s 6d; Wool worths Properties (100), 25s 3d. DUNEDIN Sales.—Nat. Mortgage, “A” (500), 10s 6d; Felt and Textiles, N.Z., ord. (100), 35s 9d; Woolworth, Ltd. (300), 225; Woolworth, N.Z. (200), 23s 3d; Mount Morgan (200), 16s 3d, and (125), 16s 2d; Nat. Mortgage. “A” (400). 10s 4d. Sales Reported.—Nat. Mortgage, ”A” (500), (1000), 10s 6d; Mount Morgan (300), 16s 3d; Bank Aust. (53), £8 15s; Woolworth, Ltd. (200), 225.

OTHER EXCHANGES SYDNEY A weakening trend was again evident on the Sydney Stock Exchange yesterday, when falls continued to outnumber rises. Sales.—Bank New South Wales, £3B 10s; Tooheys, 345; Tooths, 78s 3d; Associated News, 16s 1 1 ,2 d, and pref., 20s 9d; Anthony Hordern, 23s 6d; A.C.1.. 59s 3d; Broken Hill Prop., 48s 6d, and contributing, 31s 6d; Colonial Sugar, £62 15s; General Industries, 34s 6d; Morts Dock, 26s 6d; Woolworths, 24s 7’/ 2 d; British Tobacco. 48s; Burns, Philp, ,79s 6d; Claude Neon. 42s 3d; Electro Zinc, 74s 3d; Kandos, 455; Mount Lyell, 22s 6d; North Broken Hill, 84s 9d; South Broken Hill, 44s 6d; Oil Search. 5s 3d; Mount Morgan, 19s; Placer Development, £7 10s. MELBOURNE Features of trading on the Melbourne I Stock Exchange yesterday were the exI ceptional number of price variations in I investments and the heavy turnover. 1 Sales.—Commercial Bank Australia. 265; Goldsbrough, 39s lid; Melbourne Co-op.,

60s; Australian Cement, 49s 3d; A.CJ., 595; British Tobacco, 47s 9d; Drug Houses, 39s 9d; Felt and Textiles, 465; Gordon and Gotch, 245; Herald, 17s 8d; Hume Industries, 19s; Hume Pipe, 37s 6d; Olympic Tyre, 18s 9d; Broken Hill Pty., 48s 6d, and contributing, 31s 8d; South Broken Hill, 44s 6d; North Broken Hill, 85s 3d; Mount Isa, 41s 6d; Mount Lyell, 22s 2d; Emperor, 12s 6d; Mount Morgan, 19s; Oil Search, 5s 3d. LONDON Bank Australasia, buyer £8 6s 3d, seller £8 Ils 3d; Commercial Bank Australia, buyer £1 2s, seller £1 3s; E., S., and A. Bank, buyer £5 7s 6d, seller £5 12s 6d; Union Bank Australia, buyer £8 2s 6d, seller £-8 10s; Bank New South Wales, sale £35; British Tobacco, buyer £1 18s 3d, seller £1 19s 3d; Goldsbrough Mort, sale £1 12s 6d; Dalgetys, sale 9s; National Bank N.Z., buyer £2 Ils, seller £2 435; Dalgety, 4 per cent, debentures, sale £93 15s; N.Z. Loan and Mercantile, 4 per cent, debentures, buyer £9l, seller £93; N.Z. Loan and Mercantile, ordinary stock, buyer £lOO, seller £102; P. and 0., deferred, middle price, £2 2s 9d; Broken Hill North, £3 7s 6d; Broken Hill South, £1 15s; B.H. Pty., £1 18s 3d; B.HJ*, (new), £1 5s 10jd; New Guinea, Is 9%d; Mount Morgan, I4s 10%d; Emperor, 9s 9d Price of Tin.—London Metal Exchange i price of tin on Wednesday was £612 10s a ton, spot, and £597 a ton, three months delivery.

Sales on 'Change £ s. d. Var’n. 3 p.c., May, 53-56 (£200) 99 17 6 — Comm. Bank of Australia (200) 12 6 N.C. Ballins Breweries (100) 1 11 0 +6d N.Z. Refrigerating, contr. (200) 0 19 1 N.C. United Building (121) .. 14 0 —6d Colonial Sugar (4) 55 12 6 + 2/6 MacdufTs (100) 0 12 5 +2d Broken Hill South (100) 2 0 0 -2/Mount Morgan (500) 0 16 8 +2d Sales Reported National Bank of N.Z. (50) 2 17 0 +2/6 Booth, Macdonald, pref. (200) ... 0 14 0 +3d Maling, pref. (500) 110 Mason, Struthers, 14s pd. (150) 0 19 2 N.C. Mo rris Hedstrom (150), cum div. 2 7 6 — MacdufTs (500) 0 12 6 +3d N.Z. Forest Products (300; 100; 100) 0 6 0 +4d AUCKLAND

LATEST QUOTATIONS Banks— Buyers. £ s. d. Sellers. £ s. d. Adelaide 6 12 6 Australasia 8 10 0 9 0 0 Comm, of Aust. .. ___ 12 9 Pref. __ 10 0 0 E„ S., and A. 5 14 6 Natl, of N.Z. 2 16 3 N .S. W. (Melbourne register) 35 0 0 Union 8 8 0 Breweries— Ballins 1 10 9 1 11 3 Dominion 3 4 3 New Zealand 2 3 2 2 4 0 Westland 2 1 0 Frozen Meat— Canterbury 16 10 0 — Pref. —. 8 15 0 N.Z. Refrig., £lpd. 1 19 0 10s paid 0 19 1 Southland 2 17 6 Waitaki 8 10 0 Gas— Auckland, 5s paid 0 3 0 —— Christchurch 1 5 4 — 10s paid 0 11 3 0 12 0 Timaru 0 10 0 0 12 0 Insurance— F.A.M.E. 110 Pref. 15 6 New Zealand 5 0 6 5 2 6 South British 4 9 0 mm Loan and Agency— General Finance .. 10 3 — C.F.C.A., ord. 17 4 Pref. 3 3 0 Chch. Building 20 15 0 Dalgety 0 9 0 0 9 6 Goldsbrough, Mort. — 1 15 6 Invinc. Bldg 5 10 0 — Nat. Mort., “A” .. —. 0 10 5 N.Z.F. Co-op. 0 11 1 0 11 9 First pref. 6 17 6 — “A” Pref. x 4 11 0 “B” pref. 4 10 0 4J p.c. Stk., '50-60 102 15 0 — 4J p.c. Stk., ’55 .. 102 15 0 — N.Z. Guam. Corpn. 0 5 0 0 5 3 N.Z. L. and Merc. ord. 100 15 0 105 0 0 Permanent Invest. 12 15 0 Perpetual Trustees 2 8 0 mm a South Island Fin. 1 3 0 — Trustees’ Exors. .. 5 15 0 aaa United Building .. 14 0 Wright, Stephenson 2 9 3 2 11 6 Pref. —m 16 6 Shipping— Huddart Parker .. 2 7 6 aaa. Northern — 0 9 6 Union, pref. — 1 11 0 Woollens— Bruce 1 18 0 —.. Felt and Textiles of N.Z. .. ., — 1 16 6 Pref. . ? 14 6 Kaiapoi, 17s paid .. 18 0 18 6 Pref. 18 0 Timaru 17 3 18 9 Wellington 9 11 6 Pref. 9 13 6 —— Miscellaneous— Alloy Steel (N.Z.) __ 2 12 6 Ampol 18 6 Andersons, 1st pref. x.d. 15 6 Aust. C.I. 2 11 0 Aust. Found. Inv. 0 6 0 Avon Metal — 12 3 Beath and Co. 2 p 0 2 10 6 Is paid 0 18 6 10 1 Pref. 17 0 Begg and Co. 1 14 0 1 15 0 Booth, Mac., pf. 0 13 9 British Tobacco .. 2 2 6 Broken Hill Pty. 2 2 5 2 3 0 Burns, Philp 3 11 0 Canty. Saleyards .. 1 18 0 Colonial Sugar 55 12 6 Dom. Builders 0 10 3 Dom. Fertiliser 18 3 j Dominion Rubber 0 9 0 Donaghy’s Rope .. 2 19 0 D.I.C., 10s paid .. 19 0 110 0 Dunlop. N.Z. 0 19 0 G. J. Coles 0 19 6 Hallenstein Bros. .. 19 3 Hay’s, Ltd. 3 5 0 — I.C.I., A. N.Z., pf. 14 0 Maling, pref. 10 9 Mas. Struthers (£1 paid) 18 0 14s paid 0 18 11 0 19 6 Matches (N.Z.) .. 0 9 6 0 12 9 Midland Motors, pf. 119 Morris, Hedstrom 2 7 0 Morts Dock 110 __a Macduffs 0 12 6 0 12 7 McKenzies 3 3 6 National Electric .. 3 10 —, N.Z. Drug 5 2. 0 N.Z. Forest Prod. 0 5 11 0 6 1 Niven. J. J. 2 2 6 Nthn. Roller Mill. 1 13 0 Quill, Morris (1936) 2 2 3 Radio <1936) 0 15 0 aM Procera 0 7 6 Sharland 2 7 0 a—_ Silknit 17 0 17 6 Simpson and Williams 2 14 0 Skellerup, pref. 1 1 7 Turnbull and Jones 1 15 3 — Weeks, pref. 15 0 — Whit, and Tombs — 12 4 W’worths, ord. 116 12 0 (N.Z.), ord., x.d. 13 6 W. R. Cooke and Son — 0 8 6 UNLISTED STOCKS Buyers. Sellers. £ s. d. £ s. d. British Standard P. Cement, contr. 0 5 0 Beaths (Is paid, 19s deposit) 1 17 0 2 0 0 Dominion Life, 6s paid 0 7 9 0 8 6 Canty Seed 15 6 a— Korma Text., ord. 0 12 6 mm Dominion Life, pf. 0 11 0 MM Mack’h., Caley, Phoenix 1 13 0 Matea Forests 0 2 3 0 2 6 Mack’h, Caley, Phoenix, conir. .. 0 11 3 Reece, Ltd., E. (ord.) 0 10 —a(Pref.) 0 11 0 MM Scales "C” (pref.) 0 7 6 Selfridges, N.Z. (cont.) —. 0 10 6 Whnkatane Board Mills 0 17 3 0 18 0 Williamson, Jeffrey 19 0