COMMERCIAL

Press, Volume LXXXVI, Issue 26120, 24 May 1950, Page 9

COMMERCIAL

STOCK EXCHANGES MARKETS DULL Dullness again characterised operations on the Christchurch Stock Exchange yesterday. Prices cf most stocks held arcund recent levels. There was an increased de- ‘ mand for Governrrfent securities, and buyers bid for 18 issues without attracting one seller. ‘ DOMINION TRANSACTIONS CHRISTCHURCH

Sales.—l/8/51-54. 3 per cent. (£5000), £lOO ss; 15/9/52-55. 3 per cent. (£700), £99 17s 6d; 15/5/53-56, 3 per cent. (£200), £99 ss; 15/12/53-56. 3 per cent. (£200). £lOO 10s; 15/2/55-56, 3 per cent. (£700), £99 17s 6d; 15/4/56-59. 3 per cent. (£2000), £99 ss; 15/11/57-60, 3 per cent. (£330), £93 15s; Auckland Metro. Fire Board, 1/9/54, per cent. (£200), £104: Commercial Bank of Aus., pref. (25), £9 10s; Union Bank (309), £9 15s, and (107), £9 17s 6d; Kaitangata Coal (ICO). 275; Pukemiro (300), ,345; N.Z. Insurance (100), £5 8s; Konna, : pref. (500). 18s 6d; Colonial Sugar (8). £62 ss; Henry Berry (450), 19s: M.K. Manufacturers (2CO>. Ils 6d. and (50). 12s Cd; Tip Tc-p Ice (400), 18s; Woolworths, Ltd., rights (380). 13s 2d; Mount Morgan (200), 20s 9d. and (300). 2is. WELLINGTON Sales.—Late Monday: 3 per cent., December, 1953-53 i£1650. 2 sales), £lO3 10s; 3 per cent., 1962-64 (£900). £99 ss; 3 per cent.. 1964-66 (£200). £9B ss. Yesterday: 3 per cent., 1952-55 (£ll5O, 3 sales), £99' 17s 6d; 3 per cent.. December, 1953-56 (£9OO, 2 sales), £lOO 10s, 3 per cent., 1955-56 (£BOO. 2 sales). £99 15s; 3 per cent., 1957-60 (£1300). £9B 15s; 3 per cent.. 1963-65 (£800), £99 ss; Union Bank (30)., £9 17s fld; N.Z. Guarantee tIOCO, 2 sales), 5s 3d; Felt and Textiles. N.Z.. pref. <200), 24s 3d; Wellington Trust and Agency (509). 10s 6d; Korma, pref. (300). 18s 6d; Claude Neon, rights (33). 18s 9d; Colonial Sugar (4), £62 10s, and (12. 2 sales), £62 7s 6d; G J. Coles (230), 19s ICd, and (100), 20s; Henry Berry, cum 4300), 19s; Taubmans, rights (849), 11s 6d; Woolworths, Ltd., rights (502, 4 sales;. 13s; Wool worths, N.Z. (100), 25s 9d. Unlisted: H. 8.. Ltd., pref. (100), £6 ss. DUNEDIN Sales Reported.—Kaitangata Coal (100), 27s 3d. and (100), late sale, 26s 6d; Woolworths, Ltd. rights (300), 13s 3d, and (200). 13s 4d; Mount Morgan (500), 21s, and (200). late sale. 20s 9d. Unlisted: Andrews and Beaven. pref. (250), 245.

OTHER EXCHANGES SYDNEY I Inquiry for leading industrials strengthened on the Stock Exchange yesterday, and some orders were uncompleted at late I Sales.—Commercial Banking of Sydney. £26 12s; Bank of • New South Wales, £43 ss; National Bank (12s 6d paid), 22s 10-lcl; Tcoths, 945; Anthony Hordern. 25s Cd; British Tobacco, 53s 3d; Broken Hill Proprietary, 53s 6d, and contributing. 48s 6d; Colonial Sugar, £6B ICs; Electro. Zinc. 81s 6d; Felt and Textiles, 48s 9d; General Industries. 33s 9d; Coles, 235; Henry Jones. 71s; Kandos. 47s 3d; Wilcox. Mcfflin, 19s; Woolworths. 26s Carpenters. 24-: A C.I . 56s 9d. and new issue, 55s 9d; Bradford Cotton, 43s 9d; Claude Neon, 42s 9d: David Jones, 545; Dunlop, 40< 3d: Drug Houses, 42s 9d: Goldsbrough. 47s 6d; Howard Smith, 275; NJprts Dock. 27s 3d; I New Zealand Forest. 7s 10d; New Broken Hill, 325; Broken Hill South, 5Cs 3d; Mount Morgan, 24s 6d; Oil Search, 4s Bd. MELBOURNE Investments were variable on the Melbourne Stock Exchange yesterday, with several leaders weaker. Interest was lacking in mining. Sales.—Commercial Bank of Australia, 20s; Union Bank. £11; Bank of Nev/ South Wales. £43; Australasian Paoer, new issue. 21s 3d; A.C.1.. 575; Drug Houses. 42s 7d; Dunlop. 40s 3d; Felt and Textiles, 48s 9d; I Coles. 235; Kauri, 29s 9d; Nestles (pref.). 4L's 3d; Uni'ed Pro- i ions. 15 6d; E'cctro. , Zinc. 82s; Broken Hi'! Pron detary. 53s 6d ; and contributing. 4 r ’s; S uth B- ’ cn Hill. [sos; North Broke ~Z- 3d Mju*. | Isa, 43s 3d; Mount Morgan, 24s 4 (. Wellington, 3s 4d; Oil Search, 4s 3d.

Sales on ’Change £ s. d. Var’n A.F.I., rights (55) M.K. Manufacturers, rts. 0 1 3 N.C. (250) 0 2 6 Woolvvorths, Ltd., rights (300) 0 13 3 -3d Mount Morgan (200) 1 1 0 + 3d Safes Reported G. J. Coles (100) 1 0 0 — 3d Sales Reported, Unlisted N.Z. Motor Bodies (100; 100) 1 18 0 N.C. AUCKLAND

LATEST QUOTATIONS Banks— Buyers. £ s. d. Sellers. JE s. d. Confm. of Aust. 15 3 Pref. 9 0 0 Natl, of A’asia., £1, x.d. 1 16 0 Natl, of N.Z. 2 17 3 2 13 3 New South Wales — 41 7 6 Union 9 17 G Breweries— Ballins 1 11 0 New Zealand, c.d. 2 8 9 Westland. x.d. 2 3 0 Frozen Meat— Canterbury 17 10 0 Gear 1 11 0 N.Z. Refrig., £1 pd. 2 0 0 10s paid 0 19 0 0 19 3 North Canty., pref. 113 Gas— Auckland 0 9 8 0 9 11 Christchurch 13 0 10s paid — 0 11 9 Timaru 0 12 6 0 13 9 Insurance— National 1 4 10 South British 4 17 3 Standard 4 13 0 Loan and Agency— C.F.C.A., ord. 18 0 Pref. 3 8 0 Ch.ch. Building 21 10 0 Dalgety 0 10 1 0 10 6 Golds., Mort, c.d. .. 2 0 0 2 2 3 General Finance .. • 1 0 0 Invincible Bldg. .. 5 12 6 Nat. Mort. "A.” c.d. 0 9 3 0 9 9 “B.” c.d. 2 5 3 N.Z.F. Co-op. 0 12 7 0 13 3 First pref. 7 5 0 “A” pref. 5 0 0 “B” pref. 5 0 0 4J p.c. Stk.. ’50-60 103 0 0 4J p.c. Stk.. ’55 . . 103 2 6 S.I. Finance 1 3 0 Trustees Executors 6 0 0 United Building .. 13 0 Wright. Stephenson, pref. 15 0 Shipping— Huddart Parker .. 2 12 3 P. and 0. 2 4 0 Union, pref. Timber— Taupo Totara 17 0 Woollens— Kaiapoi. 17s paid .. 18 6 18 8 Timaru 18 3 Miscellaneous— Andersons, 1st pf x.d. Avon Metal 15 3 Beath and Co. 2 10 0 Is paid 0 19 6 Pref. 17 0 Booth. Macdonald 0 4 2 British Tobacco 2 6 6 2 8 0 Broken Hill Pty. .. Bu leid 0 17 0 Cinude Neon. N.Z. 2 15 0 Colo 11 Sugar, cum rights 63 0 0 Con o’;< Brick . * — 0 9 4 Dem. Builders 0 12 6 Dom. Fertiliser 1 10 0 Donaghy's Rope 3 3 0 D.I.C.. 10s naid 1 13 6 Dunlop, N.Z. 0 17 0 Electro. Zinc. ord. 3 10 6 Pref. 3 10 6 Fletcher Holdings 1 15 0 G. J. Coles 1 0 1 1 0 6 Macky, Logan 2 1 6 Mas.. Struthers. £1 oaid 1 10 6 14s paid 0 19 6 __ Milburn Lime1 16 9 M.K. Manufacturers. rights 0 2 6 0 3 3 M.K. Manufacturers 0 11 6 Morts Dock 14 0 ___. McKenzies 3 6 0 McLeod Bros. 2 15 6 National Electric .. 3 10 3 N.Z Drug 5 15 6 N.Z. Forest Produs. 0 6 6 0 6 9 N.Z. Newspapers .. 2 16 0 2 18 0 Prccera 0 8 0 Quill, Morris (1936) 2 4 0 Reid Rubber 0 16 0 Selfridges 4 18 0 Sharland 2 11 6 Skellerup. pref. — 12 3 N.Z. Malay Rubber 0 6 0 Pref. 0 14 0 Turnbull and Jones 1 16 9 Weeks 2 5 9 Pref. 1 5 6 Whit, and Tombs .. 1 4 0 Wilcox. MofHin __ 0 18 0 Wilson Malt 1 12 6 W’worths., ord. . 13 6 1 3 9 W’v o~ths.. ts .. 0 12 9 0 13 6 (N.Z.), nd. 1 5 6 1 6 0 UNLISTED STOCKS Buvers. Sellers. £ s. d. £ s. d. Amalg. Batteries .. 15 3 Andrews and Beav., pref. 13 0 Black and White Cabs 0 3 9 Beaths, Is pd., 19s . dep. 1 16 6 2 0 0 Canty. Seed 1 6 3 Christchurch Press 13 7 6 13 12 6 Lane, Walker. Rud. 2 19 0 Mac., Caley, Phoenix. contr. 0 13 9 — Matea Forests 0 2 0 0 2 2 N.Z Wco’pack 0 3 7 ~— Nat. Tobacco 1 7 0 N.Z. Motor Bodies 1 18 3 Prudential Build. 12 6 Smith. Wylie 0 18 9 Shirley Links. 0 8 0 0 10 0 Taramakau. 5s pd. 0 5 0 Whaka. B’rd. Mills 0 17 9 Winstones 1 13 0 Williamson. Jeffrey 1 10 0 —