COMMERCIAL

Press, Volume LXXXVI, Issue 26212, 8 September 1950, Page 10

COMMERCIAL

STOCK EXCHANGES MARKETS QUIETER Markets were quieter on the Christchurch Stock Exchange yesterday, and dealings were restricted to a few stocks. Prices generally were well maintained.- although Australian industrials and chain stores were weaker. DOMINION TRANSACTIONS

Sales.—ls/4/56-59. 3 per cent. (£1000), £100; 15/11/57-60, 3 per cent. (£1865), £99 15s; 15/8/59-61, 3 per cent. (£1000), £99: 15/7/62-64, 3 per cent. (£500), £9B 15s; 31/5/54-58, 4 per cent. (£900), £lO3 12s 6d; Mangapu Drainage Board, 1/3/57, 44 per cent. (£200), £lOl, and 1/3/58, 44 per cent. (£230), £101; Commercial Bank of Aust. (469). 26s* 3d; E., S.. and A. Bank (22), £7 10s; National Bank of N.Z. (54), 60s; Bank of N.S.W. (15), £43 ss; F.A.C., £5 paid (25), £8 6s 6d; Broken Hill Proprietary (150), 535; Colonial Sugar (20), £57 10s, and rights (8), £3O; Farmers’ Trading (50), 43s 9d; Fletchers (300), 325; K.D.V. Boxes (700), 12s 6d; Macduffs, pref. (75). 275; McKenzies (213), 62s 6d; Forest Products, pref. (100), 13s 9d; Northern Rol.er Mills (200), 32s 3d; Reid Rubber (500), 16s 3d; Skelleiup, pref. (400), 225; Tip Top Ice (300), 20s; Woolworths, N.Z. (350), 26s 3d; Woolworths, Ltd. (820), 265; Mount Isa (200), 40s. Unlisted: National Tobacco (100), 26s 6d. WELLINGTON Sales.—Late Wednesday: Wm. Cable (100), 32s 6d. Yesterday: 3 per cent., 196466 (£2000), £99 2s 6d; Bank of New South Wales (5). £43 ss; Union Bank (34), £ll 3s 6d,' and (51), London registry,, £ll 3s 6d; Gear Meat (6750, 4 sales), 30s 6d; Booth, Macdonald, pief. (BUO, 2 sales), 15s, and (200). ord., 4s; Colonial’Sugar, rights (2), £3O ss; Dunlop, Aust., cum div (300), 40s; G. J. Coles (2000), 265; Hallensteins (150), 29s 8d; Skellerup, pref. (400), 225; Woolworths, Ltd., rights (969, 4 sales), 15s 9d: Woolworths, N.Z. (250), 26s 3d. Unlisted: National Tobacco (100), 26s 6d; Whakatane, pref. (600, 3 sales), 21s 9d. DUNEDIN

Sales.—D.l.C., ord. (900), 34s Id; Woolworths, N.Z. (250). 26s 3d; Courtaulds, Aust. (500). 6s 3d; D.1.C., ord. (500), 34s Id. Sales Reported.—Associated Leathers, late sale (200), 20s; N.Z. Paper Mills, late sale (283, 2 sales). 35s 6d; Bank of New South Wales (10), £43 ss; Booth, Macdonald, ord. (200), 4s; Courtaulds, Aust. (500), 6s 3d; D.1.C., ord., 34s Id. INVERCARGILL Sales Reuorted.—2J per cent., 1953 (£1650), £99 ss; 2J per cent ~1950-51 (£200), £lOO ss; G. J. Coles (100), 25s lid.

OTHER EXCHANGES SYDNEY Some market leaders again weakened on the Sydney Stock Exchange yesterday, but generally price rises exceeded falls. Sales—National Bank (20s paid), 40s 6d; Bank of New South Wales, £49 10s; Adelaide, 43s 6d; Tooths, 925; Tooheys, 39s 9d; Associated News. 15s 9d; Huddart Parker, 595; Aus. Paper. 32s 4Jd; A.C.1., 63s 9d; Colonial Sugar, £6l ss; Colonial Sugar (rights), £3O 15s; Drug Houses, 45s 9d; Dunlop, 445; Electro. Zinc. 85s; Electro Zinc (pref.), 83s; Felt and Textiles, 51s; Coles, 27s 9d; Henry Jones, 68s 9d; Sterling Henry, 9s 7d; Wilcox, Mofflin (new issue), 20s 3d; Woolworths. 275; Carpenters, 265; British Tobacco, 47s 9d; Gordon and Gotch, 255; Kandos, 46s 3d; Morris. Hedstrom, 57s 3d; Mount Lyell (new issue). 225; New Broken Hill. 39s 6d: Broken Hill South, 54s 9d; North Broken Hill, 87s 9d; Wellington, 2s 6d; Oil Search, 4s Id. MELBOURNE On the Stock Exchange yesterday some key industrials reacted from their high levels, but the general tone remained strong in investments. Sales.—Commercial Bank of Australia, 28s 8d; Dalgety, 12s 9d; Aust. Cement, 51s 9d; A.C.1., 64s 3d; Colonial Sugar, rts., £3O 15s; Courtaulds. 6s 9d: Drug Houses, 45s 9d; Felt and Textiles, 51s; Coles, 27s lid; Gordon and Gotch, 255; Herald, 19s sd; Humes, 43s 9d; Myer, 18s 3d; Woolworths. 17s; Broken Hill Pty., 555; Broken Hill South. 555; North Broken Hill, 88s; Mount Isa, 43s 6d; Emperor, Ils sd; Loloma, 25s 6d; Mount Morgan. 24s 4d. LONDON Broken Hill North, 71s 6d; Broken Hill Proprietary, 45s Ijd; Consolidated Zinc, 30s; New Broken Hill, 325; New Guinea, lid.

CHRISTCHURCH Sales on ’Change £ s. d. Var’n. Mutual Benefit (25) Union Steam, pref. 19 10 0 —’ ' (500) 1 8 6 N.C. G. J. Coles (100; 100) .. • I 5 9 — 9d Woolworths, Ltd. (100) 1 5 9 — 7d Sales on ’Change, Unlisted Whakatane Board Mills (140), ord. .. 0 19 0 N.C. ’ Sales Reported Comm. Bank of Australia (500) .. 1 6 4 N.C. South British Insurance, late sale Wed. (20) 5 2 0 4-4/-Dalgety and Co. (100) .. 0 12 0 N.C. Woolworths, N.Z. (200) 1 6 3 N.C. AUCKLAND

LATEST QUOTATIONS Buyers. £ s. d. Sellers. £ s. d. Banks— Australasia 11 0 0 — Comm, of Aust. . 1 6 3 — Pref. 9 0 0 — Comm, of Sydnej 23 0 0 — E., S., and A. 7 12 6 Nat. of A’asia, 12s 6d i 2 0 — National of N.Z. . 2 19 0 — Union 11 0 0 11 10 0 Breweries— Ballins. ord. i 10 0 1 10 6 Pref. 0 11 6 0 12 0 New Zealand 2 10 9 — Westland 2 6 0 — Frozen Meat— Canterbury 18 5 0 — Pref. 8 2 6 —• Gear 1 10 0 — N.Z. Refrig., £1 pd — 1 19 9 10s paid - 0 19 0 —— Nth. Canty., pf. . 1 2 0 — Southland. 3 3 9 3 6 0 3 1 Auckland — 0 10 0 Christchurch. 1 4 0 — 10s paid • — 0 11 8 Timaru — 0 11 9 I: surance— F.A.M.E. 1 4 1 — National —— 2 5 6 New Zealand — 5 12 6 South British —- 5 2 6 Standard 4 13 6 Loan and Agency— C.F.C.A., ord. 8 6 — Dalgety 0 11 10 0 12 0 General Finance . i 0 0 —— Goldsbrough. Mor — 2 6 6 Mutual Benefit 19 5 0 Nat. Mort. “A’ 0 9 6 “B” 2 6 3 N.Z.F. Co-op., Is • pref., c.d. *7 13 0 — “A” pref., c.d. . 5 11 0 5 14 0 “B” pref., c.d. . 5 11 0 —— N.Z. Guar. Corpn 0 4 6 N.Z. Loan & Mer ord. 127 0 0 _— Wright, Stephenson x.d. 2 18 6 — Shipping— P. and O. 2 15 0 Union, pref. 1 8 9 Timber— Taupo Totara — 1 11. 0 Woollens— Felt and Textiles of A N.Z. — 1 18 6 Pref. 1 4 6 — Kaiapoi. 17s paid . 2 7 6 1 8 6 Pref. 2 7 10 Korma Text., pref 0 18 10 0 19 9 Mosgiel 2 13 6 Timaru, rights 0 1 9 0 2 0 Miscellaneous— Andersons. 1st pf 1 5 6 Assoc. Leathers . 1 0 0 — Aust. C.I. 2 18 0 Aust. Found. Invest 0 6 3 — Avon Metal — 0 19 0 Beath and Co., c.d 2 13 0 2 15 0 Berlei, NZ. 1 9 0 —— Booth. Macdonald — 0 4 6 Pref. 0 15 0 British Tobacco . 2 5 9 Broken Hill Pty. . — 2 14 0 Bulleid 0 16 0 0 19 6 Colonial Sugar — 58 0 0 Rights 29 15 0 — Consol. Brick 0 9 3 Dental. and Medi cal 1 11 0 Dom. Builders 0 15 0 . Dom. Fertiliser 1 10 0 ___ Donaghy’s Rope . 3 3 0 — Dunlop. N.Z. 0 17 0 Pref. 0 18 0 Evans Atlas 7 0Farmers’ Trading 2 5 0 Fletcher Holdings 1 11 6 1 12 2 Frozen Products . 2 4 0 1 6 0 G. J. Coles 1 5 6 1 5 9 Hadfields 0 15 9 0 17 3 Hay’s. Ltd. 17 0 J. J. Niven 2 5 0 —. K.D.V. Boxes, c.d 0 12 0 — Macduffs, pf., x.d 1 7 0 .— Macduffs Holdings pref. 0 11 4 McKenzies 3 3 0 McLeod 2 18 0 Midland Mot., pf 1 2 0 Morts Dock 1 3 0 N.Z.F. Fert. i 16 0 N.Z. Forest Prods 0 6 2 0 6 A Pref. — 0 14 0 N.Z. Newspapers c.d. 2 15 0 — Quill Morris (1936 2 9 0 Smith and Smith pref. i 3 6 ■ Sanford 0 8 0 Sharland 2 14 0 Skellerup. pf., c.d 2 3 Turnbull and Jones —_ 1 17 0 United Provision 0 14 8 Weeks 2 8 0 Pref. 1 5 6 Whit, and Tombs 1 5 0 Wilcox Mofflin 0 18 9 Wm. Cable 2 12 6 Wilson Malt. 1 13 0 Wilson’s Cement . 0 9 Woolworths, ord. . 1 5 4 1 5 9 Rights N.Z., ord. 0 1 15 6 9 0 0 16 0