COMMERCIAL

Press, Volume LXXXVI, Issue 26119, 23 May 1950, Page 6

COMMERCIAL

STOCK EXCHANGES

MARKETS QUIET Markets were quiet on the Christchurch Stock Exchange yesterday. Turnover was negligible and prices on the whole were firm.

AUCKLAND Sales.—l/8/51-54, 3 per cent. (£1300), £lOO ss; 15/4/60-63, 3 per cent. (£200), £9B 17s 6d; 15/7/62-64, 3 per cent. (£1200), £99 7s 6d; 15/9/57-60, per cent. (£1045), £101; National Bank of New Zealand (96), 57s 9d; Union Bank (190). £9 15s, and (100), £9 17s 6d; South British (100), 97s 9d; F.A.C., £5 paid (100), £7 10s 6d; Claude Neon N.Z. (345), 565; K.D.V. Boxes (300), Us 3d; Macduffs. late sale Friday (300), 12s; Macky Logan (175), 42s 6d; M.K. Mfrs. rts. (700), 2s 6d; Reid Rubber (100), 15s 6d; Tip Top (100), 18s 3d; Wilson’s Cement (300), 18s: Woolworths. Ltd., rights (221), 13s 2d. Unlisted: Auckland Fanners’ Freezing (200), 27s 6d; Associated Foods, pref. (400), 235; N.Z. Motor Bodies (100), 38s. WELLINGTON Sales.—Late Friday: National Mortgage "A,” (250), 9s 3d. Yesterday: 3 per cent., 1952-55, 3 per cent. (£200), £99 17s 6d; 3 per cent., 1957-60 (£550), £9B 15s; Goldsbrough, Mort, cum (100), 41s 7Jd; P. and O. deferred, ex (90), 455; Aust. Found. Invest., rights. 2 sales (860). Is 3d; Colonial Sugar (2). £62 10s; G. J. Coles (100), 19s lid; Gordon and Gotch (100), 275; Henry Berry, cum (250), 19s; J. J. Niven (200), 45s 6d; Macduffs, pref. (140), 27s 6d; Victoria Laundry (638), 13s; Woolworths. Ltd., rights (2157). 13s 2d. Unlisted: Atlas Products (200), 20s 6d; Hallenstein Bros., pref., 6 sales (700), £6 ss; Woolworths, Ltd., rights (330), 13s 2d; Wm. Cable (500), 35s 6d; Financial Services (205), 21s 9d. DUNEDIN Sales.—2J per cent., 1953 (£1200). £9B 10s; Kaitangata Coal (100), 26s 6d. Reported: N.Z. Insurance (50), £5 Bs. INVERCARGILL Sales Reported.—Woolworths N.Z. (200), 25s lOd; J. J. Niven (200), 45s 6d. LATEST QUOTATIONS Buyers. Sellers. £ s. d. £ s. d.

OTHER EXCHANGES SYDNEY Price falls were more numerous than rises on the Sydney Stock Exchange yesterday. but leaders held their ground. Sales.—Commercial Banking Sydney, £26 13s: Bank of New South Wales, £4B ss; Toohevs, 39s 9d; Tooths, 945; Associated News., 16s 6d, and pref., 20s; Huddart, Parker, 60s 6d; Anthony Hordern, 25s A.C.I., 56s 9d: British Tobacco. 53s 6d; Broken Hill Pty.. 53s 9d; con.. 48s 6d; Colonial Sugar. £6B 15s; David Jones. 54s 3d: Drug Houses. 42s 6d: Dunlop, 40s 6d: General Industries, 38s 9d; Coles. 235: Howard Smith. 26s lOJd: Woolworths. 265; Wilcox. Mofflin, 19s 6d; Burns. Philp, 955; Claude Neon. 435: Felt and Textiles. 48s 9d; Broken Hill South, 50s 3d; Mount Morgan, 24s 3d; Oil Search. 4s 8d; Placer Development. £6 10s; Rawang, 5s sd. MELBOURNE Investment prices showed some narrow gains on the Melbourne Stock Exchange yesterday, and base metals also | improved. ! Sales.—Commercial Bank of Australia. 1 29s 6d; Bank of New South Wales. £4B; Goldsbrough. 47s 6d: Huddart Parker. 60s 6d; British Tobacco. 535: Drug Houses. 42s 3d; Felt and Textiles. 48s 9d: Coles, 23s 3d; Herald. 19s 4d: Howard Smith. 275; Gordon and Gotch, 30s; Humes. 38s 3d: Kauri. 30s; Woolworths, rights. 16s: Broken Hill Pty., 53s 9d; South Broken Hill, 50s; North Broken Hill, 79s 6d; Mount Isa, 43s 9d; Emperor, 14s: Loloma, 27s 6d; Mount Morgan, 24s 4d; Oil Search, 4s Bd. MINING Grey River dredge return for clean-up period. May 2 to May 17. was 238 J ounces from 97,000 yards in 202 J hours. Colonial Sugar.— The Stock Exchange advises that this company’s payout for the year, totalling 9J per cent, (including a bonus of J per cent.), is 1 per cent, down on last year.

DOMINION TRANSACTIONS CHRISTCHURCH Sales on 'Change - £ s. d. Var’n N.Z.F. Co-op. (100) .. 0 12 8 +2d A.F.I., rights (150, 59) .. 0 13 — Sales Reported 3 per cent., Dec., 1953-56 x (£1650) .. .. 100 10 0 — Midland Motorways, pf. (500) .. .. 1 2 3 -

Banks— Comm, of Aust., pf. 9 9 0 National of N.Z. .. .. 2 18 6 N.S.W. 41 5 0 Union Breweries— 9 12 6 Ballins * .. 1 9 6 1 11 0 New Zealand, c.d. 2 9 0 Westland, x.d. 2 3 0 Coal— Pukemiro Frozen Meat— 1 12 6 - Canterbury 17 10 0 N.Z. Refrig., £1 pd. 2 0 10s paid 0 18 0 0 19 3 North Canty., pref. 1 1 3 South Otago — 3 8 0 Gas— Auckland Christchurch, 10s — 0 10 0 paid 0 11 4 0 11 9 Timaru Insurance— — 0 14 0 National 1 4 9 South British Loan and Agency— 4 17 0 — C.F.C.A... pref. 3 8 0 Ch.ch. Building 21 10 0 Dalgety 0 10 General Finance .. 0 0 Nat. Mort. “A” .. 0 9 5 0 9 9 “B” 2 5 0 N.Z.F. Co-op. 0 12 6 0 13 3 First pref. 7 5 0 “A” pref. 5 0 0 “B” pref. 5 0 0 4J p.c. Stk., ’50-60 03 0 0 4i p.c. Stk., ’55 .. 103 0 0 N.Z. Guar. Corpn. o Perm. Invest, c.d. 12 11 0 S.I. Finance 0 Trustees Executors a 0 0 United Building .. Wright, Stephenson, 1 3 0 — pref. 1 5 o Shipping— Huddart Parker .. 2 12 3 P. and O. Union, pref. Timber— 1 9 0 1 9 9 Taupo Totara Woollens— 1 7 1 — Kaiapoi, 17s paid .. Pref. Oamaru * * 1 1 8 8 3 1 8 9 Timaru Miscellaneous— Alloy Steel (N.Z ) Andersons (1st pf.) Aust. Found. Invest, 1 5 3 rights o 3 Avon Metal Beath and Co. ’ 2 10 0 Is paid Pref. 0 19 7 6 — Berlei (N.Z.) 8 0 Booth. Macdonald 0 4 2 Brit. Tobacco Broken Hill Pty .. Claude Neon. N.Z 2 15 o Colonial Sugar 63 o Dom. Builders 0 12 6 Donaghy’s Rope .. 3 3 6 D.I.C., 10s naid 1 13 6 Dunlop, N.Z. o 17 Electro. Zinc, ord. •j 10 6 Pref. 3 10 6 Fletcher Holdings ] 15 0 G. J. Coles 0 19 6 i o Hay’s. Ltd. 3 10 0 Macduffs Hldgs., pf. Mas.. Struthers, £1 0 11 3 naid 10 a 14s paid 0 19 6 Midland Mot., pref. 2 0 1 2 4 Milburn Lime M.K. Manufac1 16 6 turers, rights 0 2 6 0 3 M.K. Manufacturers 0 11 Morts Dock National .Electric .. 3 4 9 0 1 6 0 N.Z. Drug 5 15 0 N.Z. Forest Prods. 0 6 4 N.Z. Newspapers .. o 16 0 Reid Rubber — 0 16 0 Self ridges . . - 4 18 0 Sharland Simpson and Wil2 11 3 liams 2 18 0 N.Z. Malay Rub. a 6 Pref. 0 13 0 Turnbull and Jones j 17 0 Procera 0 8 0 — Wilson Malt. 1 12 6 Weeks 2 5 0 Pref. W’worths, ord., 1 5 6 — rights 0 13 0 0 13 6 N.Z., ord. W. R. Cooke and 1 5 6 1 6 0 Son 0 8 3 — UNLISTED STOCKS £ q d. £ s. d. Amalg. Batteries .. 1 5 6 —. Pref. Andrews and Beav., 1 4 0 1 8 0 pref. j 3 6 Assoc. Foods. pf. 1 2 0 Ass. Mot. Pet., pf. Black and White 1 11 0 — Cabs Beaths, Is pd., 19s 0 3 9 — dep. 1 16 6 2 0 0 Courtaulds 0 5 0 — Canty. Seed 1 6 3 — Ch.Ch. Press 13 10 0 13 15 0 Korma Textiles .. — 0 12 6 N.Z. Motor Bodies — 18 6 Lane. Walker. Rud. 2 19 0 — Prudential Build. —. 2 6 Matca Forests 0 2 0 2 3 N.Z. Woolpack 0 3 0 — Nat. Tobacco Reece. Ltd., E., — 0 pref. 0 11 0 — Scales “C.” pref. 9 9 6 Shirley Links. 8 0 10 0 Taramakau, 5s pd. — 5 0 Whaka. B'rd. Mills 0 17 9 — Wellington Pub. 10 0 — Winstones 1 13 0 — Williamson, Jeffrey 10 0 —