COMMERCIAL

Press, Volume LXXXVI, Issue 26265, 9 November 1950, Page 10

COMMERCIAL

STOCK EXCHANGES

EASING TENDENCY DEVELOPS Markets continued to be dull on the Christchurch Stock Exchange yesterday, and Australian industrials and chain stores revealed an easing tendency.

DOMINION TRANSACTIONS

CHRISTCHURCH Sales Reported £ s. d. Var’n 3 p.c.. 1959-61 (£500) .. 99 15 0 E. S., and A. Bank (70) 7 5 0 Natl. Bank of N.Z. (200) 3 1 9 -3d N.Z. Refrigerating. 10s paid (100) .. 110 N.C. Dalgety and Co., cum div. (700) ... 014 3 +3d Sales on ’Change. Unlisted Ross and Glendiring, rights (100) ..0 8 2 -Id Sales Reported, Unlisted Ross and Glendining, rights (1200 ) 0 8 2 -Id AUCKLAND Sale«.—ls/2/55-58. 3 per cent. (£500). £lOO 6s 3d: 15/4/56-59, 3 per cent. (£500). £99 12s 6d; 15/11/57-60. 3 per . cent. (£330), £lOO 10s; 15/8/59-61, 3 per cent. (£5700), £99 15s; 15/4/60-63, 3 per cent.. (£705), £9B 17s 6d; 15/7/62-64, 3 per cent. (£1050), £99 10s; 15/5/64-66, 3 per cent. (£400). £99 17s 6d; 15/6/52-55, 4 per cent. (£450), £lO2 10s; British War Loan, 195559, 3 per cent. (£10,000), £123 8s 3d; British Funding Stock. 1960-90, 4 per cent. (£10.000), £127 12s; National Bank N.Z. (300) 61s 9d; N.Z. Breweries (300). 50s 8d; Auckland Gas (164). 10s: N.Z. Insurance (30), £5 16s 6d; Feltex, N.Z. (100), 41s 6a; B.H. Pty. (100). 565; Farmers’ Trading, rts. (259), Ils 6d; Coles (100), 28s 9d; Hadfields Steel (400), 23s 3d; Larke Hoskins (400), 22s 6d; Milne and Chovce deb(100), 495; N.Z. Drug (100). £6; Forest Prods. (500), 6s 8d; Whaka. Board, pref (200), 22s 9d; William Cable (500), 345; Waihi Invests. (100), 3s 9d. Unlisted: Con. Brick, pref. (100). 18s; Ross and Glendining. rts. (300), 8s Id. and (400), Bs.

WELLINGTON Sales.—Late Tuesday: Felt and Textiles, N.Z. (100), 41s 6d; William Cable, cum (500). 345; Wilson’s Cement (200). 20s 6d. Unlisted: Wellington Mortgages (300), Bs. Yesterday: 2J per cent.. 1/10/53 (£500). £99 2s 6d; 3 per cent., 55-58 (£4005). £lOO ss; 3 per cent., 59-61, 2 sales (£8200), £99 16s; 3 per cent.. 61-63 (£600). £99 12s 8d: E.. S.. and A. Bank (70). £7 ss; N.Z. Insurance (100), £5 16s 9d: Gear Meat (100). 31s; Taringamutu (200), 17s 6d; G. J. Coles, 2 sales (1000). 28s 3d; McKenzies (100). 695; Turnbull and Jones (100), 365; Whakatane Board Mills (100), 21s 3d. Unlisted: Con. Brick, pref. (100), 18s.

DUNEDIN Sales.— National Insurance (250), 25s 6d. Reported: National Bank N.Z. (200). 625; Union Bank (50). £ll 12s fid; P. and O. stock (600). 58s: National Bank N.Z. (100), 61s 9d. Unlisted: Gadsden, N.Z.. pref. (200). 24s fid.

INVERCARGILL Reported.— Dominion Breweries P. and O. deferred stock <600) 58s; Ross and Glendining. rts. (50) 8s 3d; N.Z. Drug (39). £5 17s.

OTHER EXCHANGES

SYDNEY Price movements were irregular in heavy trading on the Sydney Stock Exj change yesterday, and falls outnumbered rises. Sales.— Commercial Banking of Sydney. £27 ss; National Bank, 12s fid paid. 255; New South Wales, £5O ss: Tooheys, 40s 1 9d: Tooths. £5 4s; United Insurance. £2l 10s; Associated News. 15s 10jd; and. pref., 19s 3d; Aust. Paper, 30s 9d; A.C.1., 66s 6d: Berlei, 625; Anthony Hordern, 265; British Tobacco, 48s 9d; Burns, Philp. £5 5S 6d; Colonial Sugar, £65: Drug Houses, 50s 6d: Dunlop, 45s 6d: Coles, 30s; Goldsbrough. 53s 3d; Henry Jones, 71s 6d; Morris Hedstrom, 61s: Morts Dock. 25s 6d; Woolworths, 325; Dalgetys, 15s 6d: Felt and Textiles, 535; General Industries, 44s 6d; Hadfields Steel. 255: Yarra Falls, 595; Mount Lyell, new, 21s fid: Mount Morgan. 24s 3d; Placer Development, £7 ss; Oil Search. 3s Bd.

MELBOURNE Investments were generally firm and a very high turnover was recorded on the Melbourne Stock . Exchange yesterday afternoon. Several falls were recorded in base metals and gold. « Sales.—Commercial Bank Australia, 295: National Bank. 25s 3d, and, 20s paid, 42s 3d: Union Bank. £l2; Dalgety. 15s 6d: Goldsbrough, 53s 3d; Australasian Paper. 30s 4d, and, new, 7s 7d; A.C.1., 66s 6d: British Tobacco, 495; Broken Hill Proprietary, 60s; Drug Houses. 50s 9d: Dunlop. 45s 9d. and. pref., 445; Felt and Textiles, 535: G. J. Coles, 30s 6d: Howard Smith-. 335; Humes, 57s 6d; Herald, 21s 9d; Myer, 22s 3d; 1.C.1.A.N.?., 16s 6d: Woolworths. 325; Yarra Falte. 60s 3d; Mount Lyell, new. 21s lOd.

1.ATMT QUOTATIONS Buyers. Sellers. Bank*— £ s. d. £ s. d. Comm. of Aust. .. 1 7 0 E. t S.. and A. 7 5 0 Natl, of A’asia. £1. c.d. 1 18 0 1 19 3 Natl, of A'asia., 12« «d, c.d. 1 2 6 National of N.Z. .. 3 1 9 N.S.W., x.d. 43 12 6 Union Breweries— Ballins. ord. 1 10 7 Pref. 0 17 0 Dominion 3 14 0 New Zealand 2 10 9 Westland, x.d. 2 5 0 Frozen MeatCanterbury 18 15 0 Pref. 8 5 0 8 15 0 Gear 1 10 9 N.Z. Refrig.. £1 pd. 2 0 6 2 1 6 10s paid N.th. Canty., pref. .. 10 9 1 2 0 1 1 3 Gas— Auckland 0 9 10 5s paid 0 4 6 Christchurch 1 4 3 10s paid 0 10 9 0 116 Timaru 0 11 9 Insurance— National 1 5 3 New Zealand 5 16 0 South British 5 6 0 Loan and Agency— C.F C.A., ord. 1 9 0 Ch.Ch. Build., x.d. 21 0 0 22 0 0 Dalgety. c.d. 0 14 3 0 14 6 General Finance .. 1 1 6 Goldsbrough. Mort 2 8 6 Met. Bldg., Wtgn. 14 0 0 Nat. Mortgage. "A” 0 10 6 "B” 2 9 6 N.Z.F. Co-op. 0 13 9 0 14 3 First pref. 7 10 0 "A” pref. 5 7 6 5 12 6 4J p.c. Stk.. ’50-60 103 0 0 • 4J p.c. Stk.. ’55 .. 103 0 0 — N.Z.L. and Mer., ord., c.d. and B .. 140 0 0 Perm. Invest. 12 15 0 __ Perp. Trust., x.d. 2 11 0 —— S.I. Finance 1 6 6 United Building .. — 1 3 6 Wright, Stephenson ’2 18 0 Pref. 1 5 0 Shipping— Devonport Ferry .. 1 8 9 Union, pref. . — 18 6 Woollens— Felt and Textiles 2 7 0 Felt and Textiles of N.Z. 2 1 0 2 2 0 Pref. 1 4 6 Kaiapoi, 17s pd. .. 1 8 9 Ko rm a Tex., pf. .. I 0 4 Moagiel 2 12 0 Timaru ., 16 6 New. 7> 6d 0 9 7 0 10 1 Wellington 10 0 0 Miscellaneous— Alloy Steel (N.Z.), x.d. 2 11 8 Aust. C.I. ~— 14 3 Avon Metal —— 0 17 3 Beath and Co. 2 13 6 Is paid 1 2 3 Prpf 1 6 6 _— Berlei, N.Z. 1 10 0 —— Bocrth Macdonald. pref. __ 0 15 0 Broken Hill Pty.. x.d. — 2 16 3 Brown Ewing, x.d. 3 5 0 Claude Neon, N.Z. 2 15 6 Colonial Sugar — 61 0 0 Courtaulds 0 10 0 Dental and Medical 1 12 9 — Dom. Rubber 1 3 0 Coulls, Som.. Wilkie 1 16 *0 D.I.C.. 10s pd., x.d. 1 14 0 Pref., x.cL 1 7 8 Dunlop Rubber, x.r. 1 19 6 __ Pref. 2 0 0 2 2 0 Dunlop, N.Z. 0 17 6 Pref. 0 18 6 — Electro. Zinc, ord.. x.d. 4 0 0 — Pref., x.d. 4 0 6 Fletcher Holdings 1 12 6 G. J. Coles, c.r. .. — 1 8 9 Henry Jones 3 2 0 Humes, cum bonus 2 9 6 __ J. J. Niven 2 8 0 Maling, pref. 1 1 6 Matches (N.Z.) 0 1 1 0 2 0 Midland Mot., pf. 1 2 0 Milbum Lime 1 15 0 M.K. Manufac. 0 13 0 Morts Dock 1 5 0 16 6 National Electric . . 4 3 0 N.Z. Drug 5 17 6 N.Z. Express 0 14 0 N.Z.F. Fertiliser .. 1 16 0 — N.Z. Forest Proo. 0 6 5 ,063 Pref. 0 14 2 0 14 9 N.Z. Newspapers 2 14 6 North’n Roller Mill 1 13 0 Otago Daily Times 2 8 0 __ Quill. Morris (1936) 2 13 6 Sanford 0 8 0 — Royds Bros, and Kirk (S’land) 1 4 0 1 7 0 Silknit 1 9 0 ___ Skellerup, pref. .. 1 2 3 — Weeks, pref. 1 5 3 — Whakatane Board Mills Pref. 1 0 10 1 2 0 Whit, and Tombs .. 1 5 0 —- Wilsons Cement .. — 1 I 0 Woolworths, ord. .. 1 9 0 1 9 8 (N.Z.), ord. 18 0 1 9 6 (W.A.) 3 10 0 — UNLISTED STOCKS Buyers. Sellers £ s. d. £ s. d. Amalgamated Batteries 1 6 0 Pref. 1 6 0 — Andrews and Bea ven, pref. 1 4 9 — Ass. Mot. Pet., pf. 1 11 0 ** Beaths (Is pd.. 19s deposit) 2 1 0 2 3 0 Gadsdens — 1 9 6 Pref. 1 4 3 1 4 9 Mack’h, Caley, Pho. — 2 2 6 Matea For sts 0 2 0 -— Premier Gold — 0 0 9 N.Z. Motor Bod. .. — 1 19 0 Reece, Ltd., E., ord. 0 1 6 — Reece. Ltd., E.. pf. 0 12 0 — Ross and Glendining, rights 0 8 0 0 8 2 Smith. Wylie 1 0 0 Taramakau — 0 5 0