COMMERCIAL

Press, Volume LXXXVI, Issue 26121, 25 May 1950, Page 6

COMMERCIAL

STOCK EXCHANGES TRADING AGAIN DULL Trading was again dull on the Christchurch Stock Exchange yesterday. Dealings were restricted to a few stocks and price falls outnumbered rises. Government securities were in strong demand, but sellers were few. There were no buyers for New Zealand mining stocks. DOMINION TRANSACTIONS CHRISTCHURCH

AUCKLAND Sales.—ls/4/59-61, 2> per cent. (£505), £99 12s 6d; 1/8/51-54, 3 per cent. (£500), £lOO ss; 15/7/61-63, 3 per cent. (£2000). £99 ss; 15/6/52-55, 4 per cent. (£285), £lO2 17s 6d, and (£2000) £103; National Bank of N.Z. (200), 57s 6d; Union Bank (200), £10; Dominion Breweries (200), 70s; Kaiapoi Woollens (400), 28s 6d, and (150), 28s 7d; Broken Hill Proprietary (100), 475; Coulls, Somerville, Wilkie (400), 37s 6d; Farmers’ Trading (100), 43s 6d; Fletchers (200), 34s 3d, and (330), 34s 6d; Coles (200), 20s; Henry Berry, cum div. (100), 19s; M.K. Manufacturers, rights (1080), 2s 6d; Radio, 1936 (118), 15s; Tip Top Ice (200), 18s; Wilson’s Cement (500), 18s; Woolworths, Ltd., rights (48), 13s Id; Mount Morgan (100), 21s 4d. Unlisted: Auckland Meat Company (100), 42s 6d; Selfridges, N.Z. (200), 15s 3d. WELLINGTON Sales.—Late Tuesday: 3 per cent., May, 1953-56 (£250), £99 ss; 3 per cent., December, 1953-56 (£200), £lOO 10s; 3 p.c., 1956-59 (£2000), £99 ss; 3 per cent., 1957-60 (£330), £9B 15s; Felt and Textiles (600). 52s 6d. Yesterday: 3 per cent., 1951-54 (£500), £lOO ss; 3 per cent., 1957-60 (£215), £9B 15s; 3 per cent., 1961-63 (£2000), £99 ss; Union Bank of Aust. (65. 2 sales). £9 17s 6d, and (214, 3 sales), £10; National Insurance (1000), 255; Union Steam, ex div. (340), 29s 3d; Felt and Textiles (100), 395; Colonial Sugar (4), £62 ss; Claude Neon Ind., rights (160, 2 sales), 18s; Fletchers, cum div. (100), 34s 3d, and (100), 34s 6d; G. J. Coles (400, 2 sales), 20s; Hallenstein Bros. (300). 30s 6d; Woolworths, rights (3CO), 13s; Wool worths, N.Z. (100), 25s 9d. Late sales: Coles (500), 20s; Sharland (76), 52s 6d. Unlisted: Selfridges, N.Z., con. (200), 15s 3d. DUNEDIN Sales.—N.Z. Insurance (100), £5 8s; Anthony Hordern (100), 235; Matches, Ltd. (100). 4s. Sales Reported.—3 per cent., 1957-60 (£2300), £9B 15s; N.Z. Breweries (50). 48s 6d; N.Z. Insurance (100), £5 8s; Woolworths, rights (50), 13s Id. INVERCARGILL Sales Reported.—Wool worths, N.Z. (100), 25s lOJd; Woolworths, rights (203), 13s 3d; Colonial Sugar (2), £62 ss. LATEST QUOTATIONS Buyers. Sellers. £ s. d. £ s. d.

OTHER EXCHANGES MELBOURNE After irregular moves on the Stock Ex--1 change yesterday morning, prices of inI vestments steadied in the afternoon and ■ turnover declined. Sales.—Goldsbrough, Mort. 475; A.C.1.. ' 575; British Tobacco, 535; Drug Houses, 42s 6d: Coles, 235; Herald, 19s 4d; Humes, 38s; Kauri, 29s 6d; Myer, 13s; Myer 1 (pref.). 41s 3d; Yarra Falls, 70s 6d; Broken Hill Proprietary, 53s 9d; South Broken Hill 50s; New Broken Hill. 31s 9d; Mount Isa, 42s Gel; Mount Lyell, 25s 3d; Emperor, 14s; I.oloma, 27s 6d; Mount Morgan, 24s sd. SYDNEY i Although some irregularity developed among key industrials on the Sydney sharemarket yesterday, price rises in other sections exceeded the falls. Sales.—National Bank (20s paid), 395; Bank of New South Wales, £4B ss; Tooths. 945; Tooheys, 39s 6d; Anthony Hordern, 255: A.C.1.. 575; British Tobacco, 53s 3d; British Tobacco (pref.), 31s 6d: Claude Neon, 435; Colonial Sugar. £69; Felt and Textiles, 48s 9d; General Industries, 395; Morts Dock, 27s 3d; Wilcox, Moffiin, 19s;

Woolworths. 265; Aus. Paper (contributing), 21s 3d; Bradford Cotton. 44<; Broken Hill Proprietary. 53s 9d; Burns, Philp, 945; Drug Houses, 42s 6d; Electro. Zinc. 82s; Coles, 22s Qd; Goldsbrough. 47s 6d: Henry Jones. 71s; Stedman. 325; Broken Hill South, 50s; Mount Morgan, 24s 3d. LONDON Bank Australasia, sale £9 6s 3d: Commercial Bank Australia, buyer. 23s 3d, seller 24s 3d; E.. S., and A. Bank, buyer £5 18s 9d. seller £6 2s 6d: Union Bank Australia, sale £6 19s 4Jd: Bank New South Wales, sale. £3B 17s 6d; British Tobacco, sale. 42s 6d; Goldsbrough. Mort, buyer. 36s 6d, seller 37s 6d; Dalgety, sale. 9s; National Bank N.Z., buyer 51s, seller 535; Dalgety. 4 per cent, debentures, buyer £99, seller £100; N.Z. Loan and Mercantile. 4 per cent, debentures, sale £94 10s; N.Z. Loan and Mercantile, ordinary stock, sale. £99 17s 6d; P. and O. deferred, middle price, 45s 6d: Broken Hill North. 61s 6d; Broken Pty., 43s 3d: Consolidated Zinc. 25s 6d; Mount Morgan, 19s IOJd.

Sales on ’Chang £ s. d. Var’n. 3 p.c., 60-63 (610) 98 15 0 — Woolworths, Ltd., rights (200, 300, 94, 41) .. 0 13 0 — 3d Sales Reported Natl. Bank N.Z. (200), late sale ' .. 2 17 6 -2/6 Union Bank of Aust. (59) 9 17 6 + 1/6 Dalgety and Co. (400) .. 0 10 6 + 6d Colonial Sugar (6), cum rights 62 » 10 0 — £1 Fletcher Hold. (256), cum div. 1 14 6 + 2/6 G. J. Coles (500, 500) .. 1 0 1 -2d N.Z. Newspapers (216) 2 17 0 — Woolworths, rts. (251) .. 0 13 0 — 3d Woolworths, Ltd., late sale (100, 100). ex rts. 1 3 6 N.C.

Banks— Comm, of Aust. .. 1 5 6 Pref. 9 0 0 — E., S., and A. 6 5 0 —— Nat. of A’asia., £1 1 16 0 Natl, of N.Z. 2 17 3 — New South Wales Breweries— 9 17 6 — Ballins 1 10 0 1 10 9 New Zealand 2 8 9 Westland Coal— 2 3 0 2 4 6 Kaitangata 1 6 9 1 9 0 Pukemiro Frozen Meat— 1 13 0 — 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. Gas— 1 1 3 — Auckland — 0 10 0 Christchurch — i 5 0 10s paid 0 11 6 0 11 9 Timaru Insurance— 0 12 6 0 13 9 National 1 5 0 New Zealand 5 7 0 __ South British Loan and Agency— 4 17 6 — C.F.C. A. ord 1 7 6 —— Pref. 1*1 3 8 0 Ch .ch. Building 21 0 — Dalgety 0 10 0 10 9 Golds., Mort, c.d. .. — 2 0 General Finance .. 0 0 — Invincible Bldg. .. 5 12 6 5 17 6 Nat. Mort., “A” .. "B" 0 9 6 0 9 9 2 5 9 N.Z.F. Co-op., 1st pref. 7 5 0 —_ "A” pref. 4 19 0 “B” pref. 4 19 0 —. 4£ p.c. Stk., ’50-60 103 2 6 — 4J p.c. Stk., ’55 .. 103 5 0 Perm. Invest. 12 11 0 — S.I. Finance 3 0 Trustees Executors 6 0 0 United Building 1 3 1 Wright, Stephenson Shipping— 2 13 0 — Huddart Parker .. •> 12 3 — P. and O. 2 4 3 __ Union, pref. 1 9 5 Timber— Taupo Totara Wool’ens— 1 7 0 — Kaiapoi, 17s paid .. 8 6 1 9 0 Pref. 8 3 — Korma Text., pref. 0 18 6 — Timaru Miscellaneous— 1 8 0 — Andersons, 1st pf., x.d. Aust. Found. In1 5 6 — vest.. rights 0 1 0 0 1 3 Avon Metal — 1 0 3 Beath and Co. 2 10 3 Is paid 0 19 6 — Pref. 7 0 Bcrlei (N Z.) 1 8 0 Booth. Macdonald British Tobacco 0 2 4 6 2 6 2 7 6 Broken Hill Pty. .. Bulleid 2 0 6 17 0 2 9 Claude Neon, N.Z. 2 15 0 — Colonial Sugar 62 0 0 62 10 0 Consolidated Brick — 0 9 6 Dom. Builders 0 12 6 — Dom. Fertiliser 1 10 0 — Donaghy’s Rope .. 3 2 R — D.I.C., 10s paid '.. 1 14 3 Dunlop, N.Z. 0 17 0 Electro. Zinc, ord. 3 10 6 Pref. 3 10 6 — Fletcher Holdings 13 0 15 0 G. J. Coles 0 19 10 1 0 2 Hay’s, Ltd. Mas.. Struthers, £1 3 10 6 — naid 1 10 6 — Milburn Lime M.K. Manufac- — 1 16 6 turers, rights .. 0 2 6 — M.K. Manufacturers 0 11 6 — Morts Dock 1 4 0 1 5 0 McKenzies 3 0 0 3 5 6 National Electric .. 3 12 0 — N.Z. Drug. 5 15 0 — N.Z. Forest Prod. 0 6 4 0 6 9 N.Z. Newspapers .. — 2 18 0 Quill. Morris (1936) 2 4 0 — Reid Rubber Simpson and Wil- — 0 16 0 liams 2 18 3 — Skellerup, pref. — 1 2 3 N.Z. Malay Rubber 0 6 0 — Pref. 0 14 0 — Turnbull and Jones 17 0 —— Procera 0 8 0 — Weeks o f. 6 — Pref. 5 6 — Whit, and Tombs.. 1 4 0 — Wilson Malt 1 12 9 — W'worths., ord. — ,1 3 6 W’worths, rights .. 0 12 10 0 13 3 (N.Z.), ord. 1 5 6 1 6 0 W. R. Cooke and Son 0 8 4 — UNLISTED STOCKS Buyers. Sellers. £ 5. d. £ s. d. Amalg. Batteries .. Andrews and Beav., 1 5 6 — pref. 3 3 —- Ass. Mot. Pet., pref. Beaths, Is pd., 19s 1 11 0 — dep. ] 16 6 2 0 0 Christchurch Press Mac.. Caley, Phoe13 7 6 13 15 0 nix, contr. 0 13 9 — Mack., Caley, Phoe. 2 1 0 — Matea Forests 0 V 0 0 2 2 N.Z. Motor Bodies — 1 18 3 N.Z. Woolpack 0 3 6 — National Tobacco — 7 0 Prudential Build. — 1 2 6 Reece, Ltd.. E.. pf. 0 11 0 — Shirley Links. 0 8 0 0 10 0 Scales *‘C.” pref. 0 7 6 0 9 6 Smith Wylie 0 18 0 —■ Taramakau, 5s pd. — 5 0 Whaka. B'rd. Mills 0 17 9 — Wellington Publish. 6 10 0 — Williamson. Jeffrey 10 0 —