COMMERCIAL

Press, Volume LXXXVI, Issue 26032, 8 February 1950, Page 8

COMMERCIAL

STOCK EXCHANGES MODERATE TURNOVER A moderate turnover was recorded on the Christchurch Stock Exchange yesterday. Prices generally were well maintained and dealings were restricted to a few stocks. DOMINION TRANSACTIONS CHRISTCHURCH Sales on ’Change

AUCKLAND Sales.—ls/12/53-56, 3 per cent. (£500), £100; 15/4/60-63 3 per cent. (£1000), £lOO 2s 6d; Comm. Bank Aust. (150), 275; Ballins Breweries, rights (55), Is; Auckland Gas. 10s paid (1100), 9s 9d; New Zealand Insurance (75), £5 5s 3d; South British (150), 965; Huddart Parker (100), 54s 6d; Korma pref. (400), 19s 3d; Berlei N.Z. (200), 25s 3d; Colonial Sugar (10), £6O; Fletchers, pref. (100), 33s IJd; Coles (100), 225; Forest Products (1800), 6s 3d, and pref. (300), 13s; Reid Rubber, puef. (300), 21s 3d; Silknit N.Z. (100), 30s; Mount Morgan (300), 16s, and (500), 16s sd. Unlisted: Ross and Glendining (350), 525.

WELLINGTON Sales.—Late Monday: 4 per cent., 195458 (£500), £lO3 15s; Comm. Bank of Aust., pref. (42), £9 13s 6d; Kaiapoi, ord. (200), 28s 9d; Berlei N.Z., cum div. (200), 25s 3d; Macduff's (300), 12s 3d; N.Z. Forest Products, pref. (300), 13s; N.Z. Forest Products, ord. (911), 6s 3d. Yesterday: 3 per-cent., 1960-63, 3 sales ( £3575), £lOO 2s 6d; Ballins, rights (100), Is; South British, 2 sales (350), 965; B.H.P. (150), 48s 3d; Frozen Products (100), 225; Fletcher pref. (100), 33s lid; Macduffs, 2 sales (1000), 12s 3d; Macduffs, 2 sales (500), 12s 4d; N.Z. Drug, 2 sales (294), £5 15s; N.Z. Forest Products, pref. (250), 13s: N.Z. Forest Products, ord, (1800), 6s 3d; Radio Corp. N.Z. (100), 13s 6d; Silknit N.Z. (100), 30s; Turnbull and Jones (100), 36s 6d; Woolworths N.Z. (500), 24s 3d.

DUNEDIN Sales.—Mount Morgan (500), 16s 6d. Reported: National Mortgage “B” (185), 4is; Wright, Stephenson, ord. (200), 51s 6d; Kaiapoi Wool, ord., late sale (200), 28s 6d, and (200), 28s 9d; 3 per cent., December, 1953-56 (£1750), £lOO, and 1957-60 (£1330), £100; Banks Peninsula Electric Power, 3J per cent., March, 1961 (£700), £lO2 10s; Felt and Textiles N.Z., ord. (200), 365. Unlisted: Mackintosh, Caley, Phoenix (239), 10s.

OTHER EXCHANGES SYDNEY Widened trading on the Sydney StocK Exchange yesterday was based mainly on late rates, with some easing by market leaders. Sales.—Commercial Banking of Sydney, £26 17s; National Bank, 20s paid, 40 s: Bank of New South Wales, £47 2s 6d; Associated News., 15s lOJd; Anthony Hordern, 25s 9d; pref.. 265; Bradford Cotton. 47s 6d, and new issue, 46s 6d; British Tobacco, 51s 3d; Broken Hill Pty., 525, and contributing, 40s 6d; Colonial Sugar, £65; Dalgety, Ils sd; David Jones, 62s 3d; Dunlop, 43s 6d; Electro. Zinc, 765; Felt and Textiles, 48s 6d; Coles. 24s 3d; Wilcox, Mofflin. 17s 3d; Woolworths, New Zealand, 29s 6d; General Industries, 36s 4Jd; Kandos, 465; Mount Lyell, 22s 10£d; Broken Hill North, 75s 6d; Oil Search, ss. MELBOURNE Investment business was very active on the Melbourne Stock Exchange yesterday. Leading issues were variable, with falls fully balancing rises. Sales.— Union Bank, £ll 7a; Dalgety,

Ils 8d; Goldsbrough, 41s lOd; Carlton Brewery, 765; Huddart Parker, 60s; Ampol, 365; A'sian. Paper, 32s 4d; Australian Cement, 52s 6d; A.C.1., 635; Drug Houses, 40s 9d; British Tobacco, 51s 3d; Coles, 24s 2d: Gordon and Gotch, 255; Myer, 12s: Olympic Tyre, 21s; Woolworths, 275; Yarra Fails, 70s; Broken Hill Pty., 51s 9d, and contributing, 30s 6d; Mount Isa, 395; Mount Lyell, 235; Mount Morgan, 18s.

LONDON Broken Hill North, £3 0s 7Jd; Broken Hill Proprietary, £2 2s 6d; Consolidated Zinc. £1 3s; Mount Morgan, 14s lid.

£ s. d. Var’n. Ballins Breweries, rights (95; 20) 0 1 0 N.C. Dalgety and Co. (120) 0 10 0 N.C. Colonial Sugar (10) 60 0 0 + 10/Silknit (100) 1 10 0 N.C. Woolworths, Ltd. (200; 100) .. > .. 1 4 9 —3d Sales Reported 3 p.C., 56-59 (£500) 100 5 0 __ Banks Peninsula E.P.B., 3V 2 p.c., 1/3/61 (700) 102 10 0 Comm. Bank of Aust. (200) 1 6 10 + ld Canterbury "Frozen Meat, pref. (57) 8 5 0 — 1/Wright, Stephenson (100) 2 11 6 N.C. Silknit (100) 1 10 0 -N.C.

LATEST Buyers. £ s. d. Sellers. £ s. d. Banks— Comm, of Aust. .. 1 6 10 — Pref. 9 10 0 E- S., and A. 6 2 0 — Nat. of A’sia, 12s 6d 13 0 Natl, of N.Z. 2 19 0 Union ,. .. 9 18 6 — Breweries— Ballins, rights . • 0 10 Oil New Zealand .. 2 7 3 2 8 0 Frozen Meat— Canterbury 16* 5 0 — Pref. 8 5 0 — Gear 1 10 0 — N.Z. Refrig., 10s pd., x.d. 0 19 6 Southland 3 0 0 GasChristchurch, c.d. — 15 6 Ws paid, c.d. Insurance— 0 11 6 0 12 6 New Zealand 5 4 0 South British 4 15 0 Standard „ 4 7 6 Loan and Agency— C.F.C.A.. ord. 19 0 Pref. 3 3 0 Dalgety 0 10 0 Goldsbrough, Mort. 1 17 0 1 18 6 Invincible Building 5 8 0 — Natl. Mort., “A,” c.d. — 0 8 5 “B,” c.d. 2 10 2 3 3 N.Z.F. Co-op. 0 12 3 * —~ First pref. 7 10 — “A" pref. 4 12 9 — •*B” pref. 4 12 0 Perm. Invest. 12 7 6 South Island Fin. 1 3 3 Trustees Executors 5 17 0 United Building . 13 0 Wright, Stephenson (pref.) 14 3 18 0 Shipping— Huddart Parker, pf. 16 3 —- P. and O. 2 3 0 Union, pref. — 1 10 6 New Zealand, pref. 14 0 0 Woollens — Bonds 2 13 3 —— Bruce 2 3 6 ___ Felt and Textiles .. 2 3 9 Felt and Textiles of N.Z. 1 16 6 Pref. 14 6 Kaiapoi, 17s pd. .. 18 3 — Pref 18 0 — Mosgiel .. 2 13 0 Oamaru 2 0 0 Timaru 17 0 18 0 Wellington 9 17 6 Miscellaneous— Alloy Steel (N.Z.) — 2 12 6 Ampol 1 10 9 1 14 0 Andersons (1st pf.) 15 6 Amalg. Wireless .. 1 10 0 1 13 0 Avon Metal 12 0 Beath and Co., pf. 17 0 Begg and Co. 1 15 3 — Berlei «N.Z.) 15 0 Booth, Macdonald — 0 4 2 Pref. 0 13 9 Broken Hill Pty. 2 7 6 2 ~8 0 13s 4d pd., new 1 15 6 1 16 6 Canty. Saleyards .. 1 17 6 Claude Neon, N.Z. 2 13 0 2 14 6 Colonial Sugar 60 0 0 60 5 0 Consolidated Brick — 0 10 0 Dom. Fertiliser 1 10 0 Donaghy’s Rope .. D.I.C., 10s pd. 3 10 ___ 1 10 3 •V— Pref. 18 0 Dunlop Rubber, c.d. 1 17 0 Dunlop, N.Z. — 0 18 6 Electro. Zinc., ord. 3 6 6 3 10 0 Evans Atlas 17 9 Fletcher Holdings 1 12 0 Frozen Products .. 110 G. J. Coles 119 — Hay’s, Ltd. 3 8 0 Henry Jones 3 13 0 Maling, pref. 110 Mas., Struthers, £1 paid 14s pd. .. 19 0 0 19 3 Metters (N.Z.) 14 0 1 10 0 Midland Mot., pref. —— 12 6 Milburn Lime . 1 19 0 Morris Hedstrom 2 7 0 Macduffs 0 12 2 0 13 0 McKenzies 3 2 0 N.Z. Drug 5 13 0 N.Z. Express ’ • .. 0 16 0 N.Z.F. Fertiliser .. 1 13 0 N.Z. Forest Products 0 6 2 Pref. 0 13 4 N.Z. Newspapers .. 2 13 6 Northern Roller MiHing 1 13 0 Otago Daily Times Quill, Morris (1936), 2 9 6 c.d. 2 4 0 Reid Rubber 0 15 6 0 17 3 N.Z. Malay Rubber, pref. 0 12 6 Selfridges 2 0 0 Silknit 1 10 0 Simpson and Williams 2 16 3 Skellerup, pref. .. 116 Turnbull and Jones 1 15 0 Weeks, pref. 15 0 Whit, and Tombs 12 4 Wm. Cable 1 13 9 W’worths, ord. 14 9 1 4 10 N.Z. (ord.) 14 0 14 6 W. R. Cook & Son 0 8 0 UNLISTED TOCKS Buyers. Sellers. £ s. d. £ s. d. Amalg. Batteries .. 13 0 Ass. Mot. Pet., pf. 1 12 0 Beaths (Is pd., 19s deposit) 1 17 6 1 19 9 Mack., Caley, Phoenix, contr. Lane. Walker, Rud0 8 0 kin —— 3 2 0 Mac., Caley, Phoenix 1 13 6 Matea Forests 0 2 9 Licensed Freeholds 17 6 Reece Ltd., E., ord. 0 10 Pref. 0 11 0 Regent Theatre 0 12 6 St. Elmo Courts, 6 p.c., pref. 0 7 6 0 9 0 Whakatane Board Mills 0 18 6 Pref. — 13 3 Williamson Jeffrey 1 10 0 —