COMMERCIAL

Press, Volume LXXXVI, Issue 26127, 1 June 1950, Page 6

COMMERCIAL

STOCK EXCHANGES FIRM TONE Prices of several stocks dealt in on the Christchurch Stock Exchange yesterday showed a hardening tendency, and there were no losses. Little interest was displayed in Government securities and the few quotations in the New Zealand mining section were wide. A revival of interest in Kaitangata coal was again shown, further sales being made at the recently enhanced figure of 27s 6d, and more were on offer at 27s 9d. Banks, insurances, frozen meats, loans, and woollens, and leading industrials were all in firm demand. DOMINION TRANSACTIONS CHRISTCHURCH Sales on ’Change

AUCKLAND Sales.—ls/12/53-56, 3 per cent. (£1050), £lOO 10s; 15/6/52-55, 4 per cent. (£365), £lO3 2s 6d; National Bank of N.Z. (500), 575; Union Bank (57), £10; Tooth’s Breweries (50), 81s; Kaitangata Coal (100), 27s 6d; Auckland Gas (500), 9s lid; N.Z. Insurance (300). £5 8s; D.1.8.A. (125), 245; Kauri Timber (600), 28s; Aust. Foundation, rights (199), Is Id; Broken Hill Proprietary (100), 47s 3d; Colonial Sugar (5), £62 ss; Farmers’ Trading (200), 43s 6d; Coles (1250), 20s; N.Z. Drug (75), £5 17s 6d; Farmers’ Fertiliser (125), 355; Forest Products (300), 6s 4d; Woolwortns, N.Z.

(100), 25s lOd; Wool worths. Ltd. (100), 23s 6d; Woolworths, South Africa (200), 225; National Savings Bonds, 2/2/53 (£284), £lO4 10s, and 8/6/53 (£250), £lO3 10s. Unlisted: Alex Harvey, old issue (400), WELLINGTON

Sales.—3 per cent., 1955-58 (£500), £99 18s 9d; Auckland Gas (500), 9s lid; Aust. Foundation Invest., rights (75), Is; Berlei, N.Z. (100), 295; G. J. Coles (300), 20s; M.K. Manufacturers, rights (250), 2s lOd; Woolworths. N.Z (500), 25s 8d; National Bank of N.Z (200, 2 sales), 56s 9d; and (500), 575; Union Bank of Aust. (100). £9 18s; Ballins Breweries (200), 30s; Felt and Textiles. Aust. (350), 42s 6d; Wellington Woollen, ord. (64), £lO 2s 6d, and (23), pref., £lO 3s 6d; Broken Hill Proprietary, ex div. (300, 2 sales), 47s 6d; D.I.C. (500, 2 sales), 34s 3d; Henry Berry, ex div. (300), 18s 6d; Macdyff’s Holdings, pref. (200), 10s 6d; Wm. Cable (400. 2 sales), 36s 6d; Woolworths, Ltd. (500, 3 sales), 23s 3d, and rights (397, 2 sales), 13s Id; Woolworths, Ltd. (350), 23s 3d; G. J. Coles (200), 20s.

OTHER EXCHANGES LONDON Bank of Australasia, buyer £9 6s 3d, seller £9 Ils 3d; Commercial Bank of Australia, buyer 23s 6d, seller 24s 6d; E., S., and A. Bank, sale £6 Is 3d; Union Bank of Australia, sale £9 ss; Bank of New South Wales, buyer £39 10s, seller £4O 10s; British Tobacco, sale 40s 7£d; Goldsbrough, Mort, sale 375; Dalgety. buyer 2s 9d, seller 9s 3d; National Bank of N.Z., buyer 50s, seller 525; Dalgety, 4 per cent, debentures, sale £99 ss; N.Z. Loan and Mercantile, 4 per cent, debentures, sale £94 10s; N.Z. Loan and Mercantile, ordinary Stock, £99 10s; P. and O. deferred, middle price 45s 6d; Broken Hill North, 61s lOJd; Broken Hill Proprietary, 42s 4-id; Consolidated Zinc, 25s l|d; New Broken Hill. 25s 4£d; New Guinea, Is Mount Morgan, 19s 6d. SYDNEY Although price rises exceeded falls on the Sydney Stock Exchange yesterday, the majority of shares commanded steady rates. Sales.—Commercial Banking of Sydney, £26; Bank of Australasia, £ll 12s; Bank of New South Wales. £4B ss; Tooheys, 41s 6d; Associated News (pref.), 19s 6d; A.C.1., 57s 9d, and new issue, 56s 3d; Bradford Cotton, 44s 6d; British Tobacco. 525; Broken Hill Proprietary, 53s 3d: Burns. Philp, 91s 3d; Colonial Sugar, £69 15s; Drug Houses, 42s 3d; Felt and Textiles, 48s 9d: Coles, 22s 3d; Kandos, 495; Wilcox. Moffiin, 19s; David Jones, 56s 6d; General Industries, 39s 6d; Howard Smith, 27s ljd; Stedman, 32s 6d; Woolworths, 26s 3d; Mount Morgan. 23s 7Jd; Oil Search, 4s 6d: Broken Hill South. 49s 9d. MELBOURNE Leaders showed few changes yesterday in hesitant trading on the Melbourne Stock Exchange, and turnover vaas rather low. Sales.—Commercial Bank of Australia, 28s; A.C.1., 58s; British Tobacco, 51s Gel; Colonial Sugar, £7O; Drug Houses, 42s 6d; Coles, 22s 4d; Gordon and Gotch, 29s 4d; Herald, 19s 6d; Howard Smith, 275; Kami Timber. 325; Myer, 13s; N.Z. Forest, 7s 8d: Wool worths, 26s 8d: Broken Hill Proprietary, 53s 6d; Mount Isa. 39s 9d; Mount Morgan, 245; Wellington, 3s 4Jd.

£ s. d. Var’n. Colonial Sugar (5) .. 62 5 0 4-2/6 Woolworths. Ltd., ex rts. (100) .. 1 3 6 4-6d Woolworths. N.Z (100) 1 5 9 4- 2d Sales on ’Change, Unlisted Whakatane Board Mills (100) 0 18 1 4-4d Sales Reported Union Bank of Australia (100) 9 18 0 N.C. Kaitangata Coal (100) .. 1 7 6 N.C. Colonial Sugar (5) .. 62 2 6 N.C.

DUNEDIN Sales Reported.—Milburn Lime (500), 36s; Aust. Foundation, rights (430), Is 2d. INVERCARGILL Sales Reported.—Woolworths, rights (200), 13s Id, and (175), 13s Id: Aust. Foundation Invest., rights (943), Is 2d LATEST QUOTATIONS Buyers. Sellers s d. s d. Banks— Nat. of A’asia, £1 — 1 16 0 12s 6d 1 0 0 National of N.Z. .. 2 16 0 2 IB 0 New South Wales — 41 5 0 Union Breweries— 9 18 0 — Ballins 1 9 9 10 0 New Zealand — 2 8 9 W’estland Coal— 2 3 3 2 4 9 Kaitangata 1 7 0 1 7 9 Pukemiro Frozen Meat— — 1 14 6 Canterbury 17 10 0 N.Z Refrig., £1 pd. 2 0 0 — 10s paid — 0 19 3 Nth. Canty., pf. Gas1 1 7 — Auckland —- 0 10 0 Christchurch — i 4 9 10s paid 0 11 6 0 11 9 Timaru Insurance— 0 12 6 0 14 0 National 5 0 . New Zealand 5 8 0 — South British Loan and Agency— 4 17 9 — C.F.C.A., ord. 1 7 0 — Pref. 3 6 0 Chch. Building 21 12 6 Dalgety Goldsbrough, Mort 0 10 2 0 10 6 c.d. — 2 1 6 General Fin. 1 0 0 Invinc. Bldg. 5 12 6 Nat. Mortgage "A” — 0 9 8 “B” 2 6 0 N.Z.F Co-op. 0 12 8 > 0 13 3 First Pref 7 s 0 “B” pref. 4 19 0 p.c. Stk., ’50/60 103 5 0 4£ p.c. Stk., ’55 . . N.Z.L. and Mer.. 103 5 0 — ord. 100 0 0 Perm. Invest. 12 12 0 South Island Fin. 1 3 3 Trustees Executors 6 0 0 United Bldg 1 3 3 Wright. Stephenson 2 13 0 Pref. 1 5 1 Shipping— Huddart Parker 2 12 3 P. and O. 2 5 0 Union, pref. Timber— 1 9 3 Taupo Totara Woollens— 1 7 6 — Bruce, pref. 1 7 0 Kaiapoi. 17s pd. .. 1 8 7 1 9 0 Pref. 8 4 Korma Tex., pf. .. 0 18 0 0 19 0 Oamaru 2 4 3 Timaru Miscellaneous— 1 8 3 — Alloy Steel (N.Z.) 2 13 6 Ampol, c.d. 1 14 0 Andersons, first pf. 5 7 Apex Ice 15 0 Aust C.I., c.d. 2 8 0 Aust. Found. Invest., rights Avon Metal 0 1 0 0 1 0 3 Beath and Co. Beath and Co. 2 10 0 Is paid 0 19 6 Pref ■ 0 Begg and Co. 1 17 6 Berlei (N.Z.) 8 6 Booth, Macdonald 0 4 4 Bulleid 0 17 0 Brit. Tobacco 2 7 9 Broken Hill Pty. .. 2 7 0 16s fld paid Claude Neon. N.Z. 2 4 4 0 2 15 0 Colonial Sugar 62 0 0 62 10 0 Dorn. Builders 0 13 0 Dorn Fertiliser 1 10 0 D.I C . 10s paid .. 14 0 1 15 Pref. 1 7 0 Dunlop, N.Z. .. — 0 17 u Pref. .. 0 18 6

Buyers. £ s. d. Sellers. £ s. d. Electro. Zinc., ord — 3 13 0 Fletcher Holdings 1 13 6 — G. J. Coles 0 19 10 1 0 0 Hay’s, Ltd. 3 11 0 —— Macduffs Hldgs., pf 0 10 6 0 11 3 Maling, pref. Mas., Struthers, £ 1 1 3 — paid 1 10 6 — 14s paid 0 19 6 — Matches, N.Z. 0 5 5 — Matches, pref. — 0 17 6 Milburn Lime — 1 17 0 M.K. Manufac.. rts 0 2 7 — M.K Manufac. 0 11 6 — Morts Dock McKenzies 1 4 3 0 0 0 3 5 0 McLeod Bros. 2 18 0 2 18 6 National Electric . 3 12 6 -— N.Z. Drug — 6 0 0 N.Z. Express 0 14 0 —— N.Z. Newspapers . — 2 18 0 Reid Rubber — 0 16 0 Sharia nd Simpson and Wil 2 12 0 liams 2 18 3 3 2 6 Skellerup, pref. . N.Z Malay Rub 1 1 6 ber . . • 0 6 0 — Pref. 0 14 0 — Weeks, pref. 1 5 9 — Whit, and Tombs . 1 4 0 — Wm. Cable — 1 16 6 Wilson Malt 1 12 9 — Woolworths. ord 1 3 4 1 3 7 Woolworths, rights 0 13 0 — (N.Z.), ord. 1 5 8 — W. R. Cooke & Sor 0 8 6 — UNLISTED STOCKS £ . d. £ s. d Buyers. Sellers Amalgam’d Bat. .. 1 5 6 — Black and White Cabs Beaths, Is pd. 19 0 3 9 — deposit 1 17 6 2 0 0 Courtaulds 0 5 2 0 5 7 Korma Textiles Mac., Caley, Phoe — 0 12 6 nix, contr Mack’h., Caley 0 14 0 Phoenix, 15s fully paid — 1 17 6 Matea Forest N.Z. Woolpack, 10 0 2 1 0 2 2 pai d 0 3 6 — Namco — 0 17 6 National Tobacco — 1 7 0 N.Z. Motor Bodies — 1 18 3 Prudential Build ing — 1 2 6 Reece, Ltd., E., pf o u 0 —• Shirley Links 0 8 0 0 10 0 Smith, Wylie 0 17 9 — Taramakau. 5s pd — 0 5 0 Victoria Mansions 1 2 0 — Whakatane Boarc Mills 0 18 0 0 18 6 Wgtn. Publishing . 6 12 6 — Winstones .. 113 Williamson, Jeffrey 1 10 0 0