COMMERCIAL

Press, Volume LXXXVI, Issue 26123, 27 May 1950, Page 9

COMMERCIAL

STOCK EXCHANGES NEW GOVERNMENT LOAN AWAITED A considerably unproved turnover was recorded on the Christchurch Stock Ex- j change yesterday, although in point of actual sales losses outnumbered gams. Business was well spread. There was a good inquiry for all issues of Government stocks at conservative rates. The Prime Minister is to announce the terms of the new loan this evening. For the loan to be attractive on the share market the terms will need to be more favourable than those which have obtained in late years. The attractions that can be offeied are an increased interest rate, a reduction in the ’■ate of unearned income tax, or the issue of the loan at a slight discount. An increase in the rate of interest is not anticipated. DOMINION TRANSACTIONS CHRISTCHURCH

AUCKLAND _ les - —l5/12/53-56. 3 per cent. (£600), £lOO 12s 6d; 15/11/57-60. 3 per cent < £9B 15s; 15/9/60-63, 3 per cent' (£205), £9B 10s; 15/9/57-60, 3j per cent. (£300), £101; Auck. E.P. Board, 30/9/516b. per cent. (£200), £97 10s; City of Auck., 1/1/60, 3j per cent. (£300), £IOT vxaitemata County, 31/3/59. 41 oer cent’ £1 9» 7 12s 6d; Bank N.S.W. 1' •.91; Dom. Breweries (100), 70s; Auckland Gas (Boot, 9s l!d; N.Z. Insurance <250). £5 8s; South British (25), 97s 9d; F.A.C., pref. (200), 26s 9d; Bartholomew Timber (100), 41s; Kauri Timber (475), 27s 6d’ AC I (a°), 50s; B.H. Pty. (125). 475; Col. Sugar <O. £6l 17s 6d: Farmers’ Trading, "B” Pref. (80). 26s 9d; Coles (200), 20s; Milne and Choyce, deb. (50). 46s 9d; M.K. Mfrs 7 s 8d - and < 2s >. 2s 9d; Sanfoid (200), 8s 6d; Woolworths N.Z. (100). 25s £a; Woolworths, Ltd. (300), 23s 3d. and rts (400), 13s Id. Unlisted: Matea Forests (aOO). 2s; Alex Harvey, old issue (100), 545. WELLINGTON Sales.—Late Thursday: 31 per cent., 5760 (£300), £101; Nat. Bank N.Z. (300) 58s; Union Bank (39), £9 18s 6d; Claude Neon Ind., rts. (67). 18s. Yesterday: 3 per cent., Dec.. 53-56 (£500), £lOO * 10sper cent.. 53-57 (£225), £lOl 10s; Bank Asia. (100), £lO 2s 6d; Nat. Bank N.Z., ex (500), 56s 6d; Union Bank (41). two sales, £9 18s 6d. and (50), £9 18s: Goldsbrough Mort, cum div. (100), 41sW.F.C.A., pref. (100), 21s; Aust. Found Invest., rts. (240). lid: British Tobacco, two sales (250), 475; B.H.P. (400). 47s 6d. and contrib. (200), 435; Chas. Begg (100) 38s; Col. Sugar (3), £62 ss, and (2) £62 10s. Unlisted: Ballins, pref., 5s pd. (100), 6s 2d; Wellington Publishing (125), £6 15s DUNEDIN Sales.—McLeod Brothers (100). 58? 6d. Sales, Reported.—South British Insurance (100), 97s 9d; Otago and Southland Finance, cont., ex div. <2300), ss; Bntisa Tobacco (150). 475; Colonial Sugar (2), £62 10s: Dominion Breweries (100). 70s: N.Z. Insurance <100). £5 8s; McLeod Brothers (100-, 58s 6d; Chas. Begg <100). 38s. Unlisted: Mackintosh, Caley, Phoenix. cont. (451), 14s 6d, and paid shares (200), 425; Williamson Jeffrev (500), 32s 6d.

OTHER EXCHANGES SYDNEY The demand for investments improved on the Sydney Stock Exchange yesterday, and although business was light, rises greatly outnumbered falls. Sales.—National Bank, 12s 6d paid. 235; Union Bank. £ll 8s; Bank New South Wales, £4B 15s; Commercial Banking of Sydney, £26 13s; Tooheys, 39s lOd; Associated News. 16s 9d; Anthony Hordern, 24s 6d. and pref., 27s 3d; Bradford Cotton, 43s 9d; Broken Hill Prop., 53s 9d; Aus. Paper, 345; A.C.1., 575; Claude Neon, 42s 9d: Colonial Sugar, £69; Dunlop, 40s; Coles. 22s 10’fed; Goldsbrough, 475; Kandos, 48s 9d: Morris Hedstrom, 595; Morts Dock, 21s: Woolworths, 265; Drug Houses, 42s 9d; Electro Zinc. 81s; Gordon and Gotch, 30s; Wilcox Mofflin, 19s; Yarra Falls. 70s 6d; Broken Hill South. 50s 3d; Broken Hill North, 79s 6d; Kuala Kampar, 23s 3d; Oil Search, 4s 6d. MELBOURNE The investment market finished on a firm note on the Melbourne Stock Exchange yesterday. Sales.—Bank of Australasia. £ll 12s; British Tobacco, 53s 6d; Felt and Textiles, 495; Coles. 22s 9d; Olympic Tyres. 27s 9d; Woolworths, 24s 6d; Broken Hill Proprietary, 53s 6d; South Broken Hill. 50s; Mount Isa. 425; Emperor, 14s; Mount Morgan, 24s 4d.

Sales on 'Change £ s. d. Var'n. Baltins Breweries (100; 100) 1 10 0 N.C. N.Z. def rig. (3(»0) . contr. 0 19 3 -j-6d A.F.I. Rights <255) 0 1 0 — 3d Colonia* Sugar (5) 62 0 0 -10/Woolworths Ltd. (100) ex rights 1 3 3 —3d Woo’worths Ltd. (100) 1 3 0 — 6d Wooiworths ngnts (27) 0 13 0 N.C. Woolworths N.Z. (300) 1 5 7 — 2d union Bank of Australia (30) 9 17 6 N.C. Sales Reported Listed Berlei. N.Z. (100) 1 9 o Fletcher Holdings, late sale Thursday (400; 400: 300) 1 14 6 C Matches. N.Z. (100) (100) 0 4 0 Sharland and Co (100) 2 12 6 Woolworths N.Z. (100) 1 5 7 -2d Sales Reported Unlisted Banins pref. 5s pd (100) 0 6 2 Matea Forests (500) 0 2 0 -2d

LATEST QUOTATIONS N.Z. Govt.— £ U s er d. Sellers. £ s. d. 3 p.c. Ins., 1/8/5154 100 0 0 3 p.c. Ins., 15/9/5255 100 0 0 3 p.c. Ins., 15/5/5356 99 5 0 3 p.c. Ins., 15/12/5356 100 10 0 —— 3 p.c. Ins., 15/2/5558 99 15 0 ** 3 n.c. Ins., 15/4/5659 99 5 0 __ 3 p.c. Ins., 15/11/5760 98 15 0 3 p.c. Ins., 15/4/6063 98 15 0 — 3 n.c. Ins., 15/7/6163 99 5 0 3 p.c. Ins., 15/7/6264 99 5 0 3 p.c. Ins., 15/7/6365 99 5 0 —. 3 p.c. Ins., 15/5/6466 98 0 0 31 p.c. Ins., 15/1/5659 101 5 0 — 31 p.c. Ins., 15/9/5760 101 0 0 3i p.c. Ins., 15/1/5357 101 5 0 4 p.c. Ins., 15/6/5255 102 15 0 — 4 p.c. Ins., 31/5/5458 104 5 0 103 0 0 Chch. Trams, 41 p.c., 1/8/52 103 0 0 —— N.Z. Forest Products. 31 p.c., 31/1/63-68 98 0 0 Banks— E., S„ and A. 6 5 0 , _ Nat. of N.Z., x.d. 2 16 9 2 17 9 New South Wales — 41 5 9 Union 9 15 0 10 0 0 Breweries— Ballins 19 0 1 10 0 New Zealand — 2 3 9 Westland .230 2 4 9 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 10 0 Christchurch 15 0 10s paid 0 11 9 Timaru 0 12 6 0 13 11 Insurance— National 15 0 New Zealand 5 7 6 _ South British 4 16 6 4 18 0 Loan and Agency— C.F.C.A., ord. 17 6 Pref. 3 8 0 Ch.ch. Building 21 10 0 Dalgety — 0 10 6 Golds., Mort, c.d., 2 0 3 2 16 General Finance .. 10 0 Invinc. Building.. 5 12 6 — Nat. Mort “A" 0 9 7 0 9 10 “B” 2 6 3 2 8 6 N.Z.F. Co-op. 0 12 6 0 13 3 First pref. 7 5 0 — 4J p.c. Stk., '50-60 103 2 6 ! p.c. Stk., '55 . . 103 2 6 NZ.L. & Mer., ord. 100 0 0 Perm. Invest. 12 11 0 S.I. Finance 13 1 United Building .. 13 2 —, Wright, Stephenson 2 13 0 pref. 15 0 Shipping— Huddart Parker .. 2 12 3 __ P. and O. 2 4 0 Union, pref., x.d. .. 19 6 Timber— Taupo Totara .. 17 0 Woollens— Bruce, pref. 17 0 Kaiaoof, 17s pd. .. 18 6 19 0 Pref. 18 3 Timaru 18 2 Miscellaneous— Ampol . 1 13 0 1 15 6 Andersons. 1st pf. 15 6 Aust. Found. Invest.. rights 0 10 _ Avon Metal 10 3 Beath and Co. 2 10 0 2 11 6 Pref. .— 17 0 Berlei (N.Z.) 18 9 19 3 Booth, Macdonald 0 4 3 British Tobacco 2 8 0 Broken Hill Pty .. 2 7 0 — 16s 8d paid 2 2 6 2 3 6 Bycroft 2 17 9 — Claude Neon, N.Z. — 2 16 3 Colonial Sugar 61 7 6 62 0 0 Dom. Builders 0 12 10 — Dom. Fertiliser 1 10 3 1 11 0 Dom. Rubber 3 2 6 D.I.C., 10s paid 1 14 0 1 14 9 Dunlop, N.Z. — 0 17 0 Pref. 0 18 0 Electro Zinc, ord. 3 10 6 — G. J. Coles — 10 0 Hay’s, Ltd — 1 11 3 Macduffs Holdings, nref. —— 0 11 3 Maling, pref. 113 Mas . Struthers, £1 oaid 1 10 6 14s paid 0 19 6 Matches (N.Z.) 0 4 0 — Milbum Lime — 1 17 0 M.K. Manufacturers, rights 0 2 6 __ M.K. Manufacturers 0 11 6 Morts Dock 14 0 McKenzies 3 0 0 3 5 0 National Electric .. 3 12 6 N.Z. Drug 5 16 6 6 2 6 N.Z. Express — 0 14 9 N.Z. Forest Prod. 0 6 4 0 6 7 Pref. 0 13 4 N.Z. Newspapers .. 2 16 0 2 17 0 Procera 0 8 0 — Quill, Morris (1936) 2 4 0 — Meid Rubber 0 16 0 Selfridges 4 18 0 Sharland 2 12 0 2 13 6 Sharland, pref. 2 11 6 Skellerup, pref 116 12 3 N.Z. Malay Rubber 0 6 0 Pref. 0 14 0 Turn bull and Jones 1 17 0 __ Weeks 2 7 6 __ Pref. 15 6 __ Whit, and Tombs.. 14 0 Wilson Malt 1 12 9 __ W’worths, ord., ex. rights 13 0 13 3 W’worths, rights .. 0 13 0 0 13 5 W’worths, N.Z., ord. 15 6 15 8

Buyers. £ s. d. Sellers. £ s. d. Son 0 8 3 —— Overseas Listings W'worths (S. Africa 12 0 —- "A” 12 0 — Aust. Mining— Broken Hill Sth 2 2 6 Mount Lyeil 12 7 1 3 6 Mount Morgan 110 — Mining— Austral (N.Z.) — 0 6 9 Grey River 0 5 0 (J 5 9 Martha, x.d. — 0 4 10 Ngahere 0 3 0 Snowy River 0 4 6 — ENLISTEE STOCKS Amalg. Batteries . 15 6 Andrews and Beav. pref. .13 0 — Ass. Mot. Pet., pref 1 11 0 —- Ballins, pref. 0 6 2 — Beechv Underwood — 1 2 6 Deaths, Is pd., 19s deo. 1 17 6 2 0 0 Biack and White Cabs 0 3 9 — Canty. Seed 16 3 — Courtaulds 0 5 3 0 5 6 Christchurch Press 13 7 6 13 15 0 Mac.. Caley. Phoe nix. contr. 0 13 9 — Matea Forests 0 1 11 0 2 1 N.Z. Woolpack 0 3 7 — National Tobacco . —- 1 7 0 Reece. Ltd.. E., pf 0 110 — Shirlev Links. 0 8 0 0 10 0 Scales “C.” pref 0 7 6 0 9 6 Smith Wylie 0 18 0 — Taramakau. 5s pd — 0 5 0 Victoria Mansion 12 0 Whakatane Boarc Mills 0 17 10 0 18 3 W instones 1 13 0 —— Williamson. Jeffrey 1 10 0 —