COMMERCIAL

Press, Volume LXXXVI, Issue 26211, 7 September 1950, Page 8

COMMERCIAL

STOCK EXCHANGES MARKETS ACTIVE An appreciable turnover was recorded on the Christchurch Stock Exchange yesterday. Several price rises were registered and there were no fal»s. Business was fairly widely spread, and throughout the quotations’ list buyers greatly outnumbered sellers, the mining section ex cepted. DOMINION TRANSACTIONS CHRISTCHURCH Sales on 'Change £ s. d. Var n.

AUCKLAND Sales.—ls/9/52-55. 3 per cent. (£a00), £lOO 12s 6d; 15/5/53-56, 3 per cent. (£2OO , £99 17s 6d; 15/12/53-56, 3 per cent. (£200). £99 12s 6d; 15/8/59-61. 3 per cent. (£11.500), £9B 15s; 15/4/60-63, 3 per cent. (£820), £99 10s; 31/5/54-58, 4 per cent. (£200), £lO3 10s; Auck. Harbour Board. 10/8/63, 31 per cent. (£500), £99, and 10/6/59, 4.J per cent. (£900), £lOB. and 9/7/61. 41 per cent. (£300), £lOB 10s. Auckland Gas, 4J Per cent. perp. deb. (£200), £lOO 10s; Com. Bank Aust. (300), 26s 3d; Nat. Bank N.Z. (250). 60s; Auckland Gas (500), 9s lOd, and, 5s paid (500), 4s 9d; South British (300), £5 2s; F.A.C., £5 paid (120). £8 6s 6d: Golds., Mort. (50), 465; Kauri Timber (Iss), 32s 6d; Timaru Wool, rts. (200), Is 9d: Farm Trading (50), 43s 6d; Coles (850), 265, and (200). 25s 10d; M.K. Mfrs. (166), 12s 3d; Reid Rubber (200), 16s 3d; pref. (300), 21s; and (200), 21s 2d; Sanford (1000), 8s 9d; Southland Meat (50), 645; Tip Top Ice (100), 20s; William Cable (100), 32s 6d; Woolworths. Ltd., rts. (72), 15s 9d. Unlisted: Auckland Farm. Freezing (100), 27s 6d; Associated Foods, pref. (600), 23s 9d; Innes Industries, pref. (200), 25s 6d; Ross and Glendining (400), 54s 6d; Selfridges, N.Z. (200), 18s 6d; Whaka. Board, pref. (700), 21s 6d. WELLINGTON Sales.—Late Tuesday: N.Z. Farmers’ Coop.. Ist pref, (500), £7 15s; D.1.C., ord. (500), 34s Yesterday: 3 per cent., 52-53 (£400), £lOO 12s 6d; 3 per cent., 55-58 (£250), £99 10s; 3 per cent., 63-65 (£1000), £9B 17s 6d; 3 per cent., 59-61 (£1000), £99: Dominion Breweries, odd lot (44), 72s 6d; South British (300), £5 2s; N.Z. Farmers’ Co-op., Ist pref. (360). £7 14s 9d; P. and O. def. stock (78), £2 16s 3d; British Tobacco (150), 45s 6d; Col. Sugar, rts. (2). £3O; D.1.C., ord. (900), 345: Coles (100), 25s lid; Hallensteins, 2 sales (700), 29s 8d; McKenzies (100), 665; Wm. Cable, ord. (150), 32s 6d: Woolworths, Ltd , 5 sales, cum div. (2100), 265, and, rts. (100), 15s 9d; Woolworths. South Africa, 2 sales (400), 22s 3d. Unlisted: Gadsdens, pref. (300), 245; National Tobacco (100). 26s 9d. DUNEDIN Sales.—Associated News, ord. (425), 14s Pd; G J. Coles (100), 265; Kaiapoi, pref. (100), 28s. Reported: D.1.C.. pref. (200). 27s 6d; Wilson Cement (440), 20s 3d; Woolworths. Ltd. (150), 26s 3d; Mount Morgan (170), 225; Courtaulds, Aust. (S'**)), 6s 3d: Felt and Textiles, N.Z., pref. (150). 24s 9d; Kaiapoi. pref. (100), 27s 6d: Booth. Mrcdonald, pref. (250). 15s; N.Z. Paper Mills (233), 35s 6d. Unlisted: National Tobacco (100), 26s 6d. INVERCARGILL Sales Renorted.—National Electric (100), 81s 6d; N.Z. Refrigerating (150), 39s 9d. LATEST QUOTATIONS Buyers. Sellers. £ s. d. £ S. d.

OTHER EXCHANGES SYDNEY Pressure eased in heavy trading on the Sydney Stock Exchange yesterday, but rises still exceeded falls. Sales.—Commercial Bank Australia, 28s 6d; Bank N.S.W., £49 12s 6d; Assoc. News, pref., 10s; Huddart Parker, 595; A.CJ., 63s

9d; British Tobacco, 48s; Burns Philp, 91s 9d; Colonial Sugar, £6l 10s, and rts., £3O 10s; Commonwealth Wool, 30s 6d; Coles, 27s 9d; Henry Jones, 68s 3d; Masonite, 75s 6d; Morts Dock, 265; Tooths, 91s 6d, Bonds Ind., 32s 6d; David Jones, 59s 6d; Dunlop, 43s 9d; Felt and Textiles, 50s 6d; General Ind., 42s 3d; Howard Smith, SOs; Broken Hill Pty., 56s 3d; Broken Hill South, 54s 6d; New Brokeh Hill, 40s; Mount Isa, 42s 6d; Mount Morgan, 245; Mount Lyell, new issue, 225; Oil Search. 4s Id. MELBOURNE On the Melbourne Stock Exchange yesterday some investments failed to hold their recent gains, but several sharp advances were recorded. Sales.—A’asian. Paper, 32s 3d, and pref., 40s; W\ust. Cement. 525; A.C.1., 64s 3d; British Tobacco. 48s; Colonial Sugar, rts., £3O 2s 6d; Courtaulds, 6s lOd; Drug Houses, 45s 9d; Felt and Textiles, 51s 3d; General Motors Holden, pref., 30s 3d; Coles, 27s lid; Henry Jones, 67s 9d; Humes, 43s 6d; Yarra Falls, 71s; Electro Zinc, pref., 83s 6d; Broken Hill Pty., 565; North Broken Hill, 88s; Broken Hill South, 54s 9d; Mount Isa, 435; Loloma, 25s 6d\ Mount Morgan, 24s 3d; Oil Search, 4s. LONDON Bank of Australasia, sale £9 Ils 3d; Commercial Bank of Australia, sale 275; E., S., and A. Bank, sale £6 10s; Union Bank of Australia, sale £9 10s; Bank of New South' Wales, sale £4l; British Tobacco, buyer 38s, seUer 39s 6d; Dalgety, sale 9s &d; National Bank of New Zealand, buyer 49s 9d, seller 50s 9d; Dalgety, 4 per cent, debentures, buyer £99, seller £100; N.Z. Loan and Mercantile, 4 per cent, debentures, buyer £95, seller £97; N.Z. Loan and Mercantile ordinary stock, sale ' £115; P. and O. deferred stock, middle price, 49s 3d; Broken Hill North. 71s 6d; Broken Hill South, 42s 3d; Broken Hill Pty., 44s 9d: Consolidated Zinc, 30s; New Broken Hill. 32s 6d; New Guinea, lid; Mount Morgan, 19s iy 2 d.

4 p.c., 1952-55 (£305) .. 102 0 0 — Bank of A'asia (50) ’ .. 11 5 —~ Dom. Builders (250) .. 0 15 6 — Sales on ’Change, Unlisted Gadsdens, pref. (100; 100) 1 4 0 + Id Sales Reported 3 p.c., Dec., 1953-5*5 (£200) 99 15 0 — 3 p.c., 1960-63 (£820) 3 p.c., 1959-61, late sale 99 12 6 Tuesday (500) P. and O. Def. Stocks 99 0 0 (213) 2 16 9 - — Union Steam, pref. (400) 1 8 ■— Kaiapoi Wool, pref. (100) D.I.C. <400 ; 500; 100) 1 1 7 14 0 N.C. Macduffs Holdings, pref. (1500) William Cable, 1950 issue 0 11 4 4-3Jd (300; 200) 0 15 9 — Wool worths, Ltd. (400), cum div. Woolworths, rights (72) 1 0 6 15 4 9 N.C. 4-9d

Banks— Australasia 11 2 6 Cqmm. of Sydney 23 0 0 E.. S.» and A. 7 5 0 7 15 0 Net. of A’asia, 12s 6d 1 2 3 — N.S.W. — 43 5 0 Union 11 2 6 Breweries— Ballins, ord. .. — 1 10 6 Pref. 0 11 6 —— New Zealand 2 10 3 — Westland 2 5 6 Coat— Pukemiro * 1 4 0 — Frozen Meat— • Canterbury, pref. 8 2 6 N.Z. Ref ig., £1 pd. 1 19 6 2 0 0 10s paid 0 19 0 — Nth. Canty., pf. .. 1 2 0 —— Southland 3 3 0 Gar— Auckland — 0 10 0 5s paid 0 4 6 — Christchurch, 10s paid —- 0 11 8 l7su’ , an z ’e— F.A.M.E. 1 4 0 National 1 ’ 6 South British 5 1 0 5 3 0 Loan and Agency— C.F.C.A., pref. 3 3 9 — Dalgrty 0 12 0 0 12 6 General Finance .. 1 1 6 1 7 6 Golds’c rough, Mort 2 4 6 2 6 9 Invinc. Bldg. 5 7 6 —— Mutual Benefit .. 19 0 0 ——a Nat. Mort. "A” 0 9 6 “B” 2 6 0 N.Z.F. Co-op., c.d. —. 0 14 9 1st pref., c.d. .. 7 12 6 “A” pref., c.d. .. 5 10 0 — ”B” pref., c.w. .. 5 10 0 4J p.c. Stk., ’50-60 102 10 0 4J p.c. Stk.. '55 . . 02 10 0 N.Z. Guar. Corpn. 0 4 9 N.Z. Loan & Mer., ord.. 27 0 0 Perm/ Invest. 12 15 0 — Perpet. Trustees .. 2 10 Q 2 15 0 S.I. Finance 1 4 0 ** Shipping— P. and O. 2 15 6 Union, pref. 1 8 6 Timber— Taupo Totara __ 1 11 0 Woollens— Felt and Textiles of N.Z., pref. 1 4 9 Kaianoi, 17s paid .. 1 7 0 — Pref. 1 7 0 Korma Text., pref. 0 18 9 — Mosgiel 2 13 6 — Timaru, rights 0 1 9 0 1 11 Timaru 1 5 6 aM disceUaneous— Alloy Steel. N.Z. —. 2 12 0 Andersons. 1st pf. 1 5 6 Assoc. Leathers .. 1 0 3 — Aust. C.I. 2 18 0 3 2 0 Aust. Found. Invest. 0 6 3 — Beath and Co., c.d. 2 13 0 — Pref., c.d K 1 7 0 Berlei, N.Z. 1 9 0 a— Booth, Macdonald 0 4 6 British Tobacco .. a— 2 6 0 Broken Hill Pty. 2 14 0 — Claude Neon N.Z. 2 15 0 — Colonial Sugar, rts. 29 15 0 Couhs. Somerville, Wilkie 1 16 6 — Consol. Brick 0 9 0 — Dental and Medical 1 11 6 — Dorn. Builders 0 14 6 — Donaghv’s Rope .. 3 3 0 — D.I.C.. 10s pd. .. 1 13 6 1 14 6 Dunlop. N.Z. 0 17 0 — Pref. — 0 18 9 Farmers’ Trading 2 4 9 2 7 6 Fletcher Holdings 1 11 9 — Frozen Products .. 1 4 0 1 6 0 G. J. Coles 1 5 9 1 6 0 J. J. Niven 2 5 0 — K.D.V. Boxes, c.d. 0 12 0 — Macduffs Holdings, p r cf. 0 11 4 a.— McKenzies 3 3 0 McLeod 2 18 0 — Mating, pref. 1 2 3 — Metters, N.Z. 1 2 6 1 6 0 Midland Mot., pf. 1 2 0 —a M.K. Mfrs. 0 12 3 — Morts Dock 1 3 0 a—a N.Z.F. Fert. 1 16 0 —- N.Z. Forest Prods. pref. — Q 13 10 Quill Morris (1936) 2 9 0 aaaa Smith and Smith pref. 1 3 6 — Sharland 2 14 0 SkeUerup. pref.. c.d. 1 2 3 United Provisions 0 14 9 0 16 9 Wilson Malt. 1 13 0 — Weeks. pref., c.d. 1 6 0 Whit. Stevenson 1 12 6 — Whit. . and Tombs 1 5 Wm. Cable 1 11 0 1 12 6 1950 issue 0 15 6 0 15 9 Wilson’s Cement .. — j 1 0 Wool worths, ord. ... 1 6 0 1 6 4 Rights 0 15 6 0 16 0 UNLISTED STOCKS Buyers Sellers £ s. d £ d Amal. Batteries 1 6 0 Pref. 1 5 0 Beaths (Is naid. 19s on deposit) 2 0 0 Dominion Life 0 8 5 0 9 3 Canty. Seed 1 8 6 Chch. Press 13 17 6 Gadsdens 1 O’ 8 Pref. 1 3 11 Lane, Walker. Rud kin, c.d. 3 2 0 Mack’h., Caley Phoenix, 15s pd. .. __ 1 16 0 Marathon Rubber 1 2 9 Matea Forests 0 2 0 0 2 6 Prudential Build. 0 18 0 1 2 6