COMMERCIAL

Press, Volume LXXXVI, Issue 26058, 10 March 1950, Page 9

COMMERCIAL

STOCK EXCHANGES SHARP DROP IN MACDUFFS rmXSJS da \. ’"S? relatively quiet on the wirttr« tChu l cll Stock Exchange and price Sat^l en J s + u W s re , a ® ain irregular. A °C d «, y s tradin S was the sharp ?h2 P .j£,jy4S duff ? ordinary shares, after Pr^r.f n ?° l Y nC€m^nt of a reduced dividend, trice falls again outnumbered rises. DOMINION TRANSACTIONS CHRISTCHURCH Sales on 'Change 3 »£** r?7w < £3o °) .. 100 2 d 6 - arn> 5 <£*»> .. A » 99 76 - pref. (35) .. .. 416 6 4-4/-Booth, Macdonald (200; _ I 2 0) 0 4 1 G. J. Coles (100; 200), cum bonus .. .. 1 4 7 —id __ 100 (cum bonus) .. 14 6 —2d Macduffs (200), cum div. 0 9 0 —3/Sales. Reported 3 p.c.» 63-65 (400) .. 99 7 6 - Union Bank of Austraxir«2i ia •• • 916 0 —l/6 Woolworths, Ltd., c.d. c.r. (200 ) .. .. 1 5 7 -2d ur.... « Sales Reported: Unlisted Matea Forests (500) ’.. o 2 7 +ld

~2 i per cent - ( £ 230), £lOO, 15/1/53-57, 3$ per cent. (£200), £lOl 2s 6d; Bank N.S.W. (10), £4l; Union n?& k 6s; Auckland Gas, 10s M. d w (^?) ’-x 9s 3 5 d - and 5s P 3 * l (I 960 4s ( l Oo >’ 31s: NZ - tosurnCF rlnn)’ 0 6d » Huddart Parker, gr ef - (400), 275; Kauri Timber (425), 29s £ d ; Brnce Wooi (50)> 44s 6d; Farmers’ Trading (55), 40s 6d; Coles (100), 24s 9d; C ° urt (300), 50s; National Pictures (100), 14s 6d; Forest Products (200), 6s 3d ’ a £SLP r ®, f - ( 100 > 12s 9d « Phillipps Im--25 s 6d; Woolworths Properties « 00 it 273 r 6d \- Unlisted: Consolidated Brick, pref. (300), 18s 6d; Innes Industries, pref. (100), 25s 9d. WELLINGTON Sales.—Late Wednesday: Broken Hill S^ t ;« (100) ’ 37s 6d > Colonial Sugar 62 19s .’ Yesterday: 3 per cent., sales (£6000), £100; 3 per cent., 52-55, two sales (£5000), £lOl 2s 6d; 3 per cent-. 12/53-56 (£3000), £lOO ss; Union Bank (WO) £9 16s; Wellington Gas (100), 31s; Consolidated Brick. (700), 9s 6d; NZ Insurance, two sales (300), £5 7s 6d; South British (100), 976; National Reliance, rights (250). 2s; Woolworths, Ltd., cum, two sales (300), 25s 7d. Unlisted: Consolidated Brick, pref. (300), 18s 6d.

DUNEDIN Reported.—N.Z. Refrig., cont. 2 ? s 6d; Colonial Sugar (5), £62 15s. Unlisted: Mackintosh, Caley, Phoenix (142), 40s, and 15 fully-paid (100), 30s.

OTHER EXCHANGES

SYDNEY The Sydney share market showed sharp rises yesterday, and some industrials reached new levels. Sales.—National Bank, 20s . paid, 425; Bank of New South Wales, £4B 2s 6d; Commercial Banking of Sydney, £27; Tooheys, 36s 9d; Tooths, 87s; Associated News, pref., 19s 7Jd; Australian Paper, 33s 6d; A.C.1., 71s 6d; Bradford Cotton, 45s 6d; British Tobacco, 545; Broken Hill Pty., 53s 3d, and cont. 42s 9d; Colonial Sugar, £7O 2s 6d; Drug Houses, 435; Coles, 27s 3d; Goldsbrough, Mort, 42s 3d; Gordon and Gotch, 28s 3d; Howard Smith, 27s 6d; Carpenters. 46s 9d: David Jones, 62s 3d; Dunlop, 42s 9d; Wilcox, Mofflin, 17s lOJd; Woolworths, 28s 9d; Mount Lyell. 23s lOJd; Mount Morgan, 18s 6d; Oil Search, 4s lOd. MELBOURNE Exception Uy heavy trading in investments was recorded on the Melbourne Stock Exchange yesterday, nnd some good gains were shown.

Sales.—Carlton Brewery, 78s; Australasian Paper, 33s 2d; A.C.1., 71s 3d; British Tobacco, 53s 9d; Drug Houses, 43s Id; Dunlop, pref., 45s 3d; Felt and Textiles,

49s 3d; Coles, 27s 3d; Jones, 72s 3d; Hume Ind., 19s; Kauri. 335; N.Z. Forest, pref., 15s; Myer, 13s 3d; Olympic Tyre, 25s 9d; Electro. Zinc, 77s 3d, and pref. 765; Broken Hill Pty., 53s 3d, and cont. 42s 3d; North Broken Hill. 80s; Mt. Lyell, 23s 6d; Mt. Morgan, 18s 6d. LONDON Broken Hill Proprietary, 435; Consolidated Zinc, 23s f>d; New Broken Hill, 255; Mount Lyell, 18s 3d; New Guinea, Is IJdu

LATEST QUOTATIONS Banks— Australasia Buyers. £ s. d. Sellers. £ s. d 9 15 0 Comm, of Aust. .. 17 3 17 6 Nat!, of A’asia., 12s 6d 12 9 National of N.Z. .. __ 3 0 0 N.S.W. 42 0 u Union ., 9 15 0 Breweries— Ballins .. 16 6 19 6 New Zealand .. 2 9 9 Frozen Meat— Canterbury 16 15 0 Pref. 8 2 6 _m N.Z. Refrig., 10s pd. 0 18 9 Nth. Canty, pf. .. 116 Southland 3 5 0 mm Gas— Auckland 0 9 9 Christchurch 15 0 10s paid 0 11 3 0 12 0 Timaru 0 11 6 0 14 0 Insurance— National 14 9 New Zealand 5 8 6 South British 4 16 9 Standard 4 8 6 m_ Loan and AgencyGeneral Finance .. 10 0 C.F.C.A., pref. 3 5 0 Dalgety Golds. Mort 1 17 6 0 10 1 Invinc. Bldg. 5 11 6 MM Nat. Mortgage “B,” X.d. 2 0 0 N.Z.F. Co-op. 0 12 8 0 13 4 First pref. 7 2 6 “A” pref. 4 16 0 4 18 0 ’•B" pief. 4 15 6 4J p.c. Stk., *50-60 01 10 0 — 4J p.c. Stk., *55 .. N.Z. Guar. Corpn. 101 10 0 MM 0 5 0 MM Perm. Invest. 12 7 6 MM South Is. Finance 13 0 —— Trustees Executors 5 19 0 M— United Build., c.d. 13 0 14 0 Wright, Stephenson 2 13 0 Pref. 15 0 MM Shipping— Huddart, Parker, c.d. 2 15 0 P. and O. 2 4 0 - - Union, pref. 19 9 Woollens— Bonds, c.d. 2 15 0 Felt and Textiles of N.Z. 1 17 0 Kaiapoi, 17s pd. .. 18 3 1 ~8 6 Pref. 18 3 Mosgiel 2 13 0 MM Oamaru 2 16 MM Miscellaneous— Acetone, pref. 14 3 Alloy Steel (N.Z.) 2 5 0 2 12 6 Andersons, 1st pf. 15 6 MM Amalg. Wireless 1 11 0 — Aust. C.I. 3 10 M— Beath and Co. 2 10 0 MM Is paid Pre*. 0 19 7 17 0 Begg and Co. 1 16 7 MM Berlei (N.Z.) 1 5 10 MM Booth, Macdonald 0 4 1 0 4 4 Pref. 0 13 11 MM British Tobacco, x.d. 2 10 0 Broken Hill Pty. 2 3 2 7 8 Z 13s 4d paid 1 17 0 1 IB 6 2 14 6 Claude Neon, N.Z. — Bycroft 2 15 0 0 11 6 MM Dom. Builders MM Donaghy’s Rope .. 3 1 0 — D.I.C., 10s paid 1 11 0 MM Pref. 18 0 MM Dunlop, N.Z. 0 17 9 0 18 5 Electro. Zinc, ord., x.d. 3 7 0 Pref., x.d. __- 3 10 0 Evans Atlas 17 6 M— Farmers’ Trading 2 0 0 — Fletcher Holdings 1 13 0 G. J. Coles 14 4 14 6 Gordon and Gotch 12 3 14 6 Hay’s, Ltd. — 3 13 0 K.D.V. Boxes 0 11 0 MM Macduffs, c.d. 0 8 11 0 9 0 Macky Logan 2 10 MM MalingZpref. Mason, Struthers. £1 paid 10 6 19 9 — 14s paid 0 19 6 MM Metters (N.Z.) 1 5 0 1 10 0 Milburn Lime, c.d. 1 16 0 1 18 0 M.K. Manufac. 0 12 9 0 13 9 Morris, Hedstrom 2 9 6 —— Morts Dock 14 6 16 0 McKenzies — 3 2 0 National Electric .. 3 15 0 N.Z. 'Drug — 5 12 0 N.Z. Express 0 14 0 —— N.Z. Forest Prod. — 0 6 3 Northern Roller Milling 1 13 0 Otago Daily Times 2 7 3 MM Quill Morris (1936), x.d. 2 4 0 Sharland 2 9 9 MM Simpson and Williams 2 17 0 Skellerup, pref., cd. 116 — Turnbull & Jones 1 16 0 M— Whit, and Tombs 1 2 9 13 3 Wm. Cable —— 1 -15 6 Vesta Batteries, rights 0 7 6 W’worths., ord. 15 6 1 5 7 (N.Z.), ord. 14 7 — W. R. Cooke and Son 0 8 2 — UNLISTED STOCKS Buyers. Sellers. £ s. d. £ s. d. Amalg. Batteries .. 14 0 — Pref. 14 0 18 0 Andrews and Heaven, pref. 13 0 Ass. Mot. Pet., pf. 1 13 0 — Black and White Cabs. 0 2 6 — Beaths (Is pd., 19s dep.) 1 17 6 1 19 6 Christchurch Press 13 15 0 Mac., Caley, Phoenix. contr. 0 13 0 Lane, Walker, Rudkin 3 10 Mac., Caley, Phoenix. x.d. 2 0 6 Matea Forests 0 2 6 0 3 0 Mt. Cook Tours .. 0 8 0 MM N.Z. Motor Bodies 1 15 0 1 18 0 N.Z. Fisheries Reece, Ltd., E., ord. — 0 13 0 0 10 MM Reece, Ltd., E., pf. 0 11 0 MM Regent Theatre 0 9 6 — Scales “C” pref. .. 0 7 6 0 9 6 Taramakau. 5s paid — 0 5 0 Victoria Mansions 12 0 MM Whakatane Board Mills, pref. 12 6 Williamson, Jeffrey 1 10 0 —