COMMERCIAL

Press, Volume LXXXVII, Issue 26394, 12 April 1951, Page 9

COMMERCIAL

STOCK EXCHANGES MARKETS QUIET Markets were quiet on the Christchurch Stock Exchange yesterday, and business was restricted to a few stocks. Prices on the whole held about recent levels. Sellers for Government securities considerably outnumbered buyers. In the mining section buyers offered 3s 6d for Austral (N.Z.) without interesting sellers. For Grey Rivers 4s was offered, with sellers is away. There were unsupported sellers of Ngaheres at 3s 9d. DOMINION TRANSACTIONS , CHRISTCHURCH

AUCKLAND Sales: 15/6/54-55, 2) per cent (£500), £9B 2s 6d; 15/9/52-55, 3 per cent. (£230), £99 12s 6d; 15/12/53-56, 3 per cent. (£500), £lOO 7s 6d; 15/7/62-64, 3 per cent. (£900), £100; Dominion Breweries (100), 80s 6d; Auckland Gas (1050), 9s, and, 5s paid (250), 4s 4d; South British (190), £5 19s 6d; Feltex, N.Z. (50), 42s 9d, and (100), 435; A.C.I. (86), 645; Booth, Mac (150), 4s; B.H. Pty. (162), 47s 9d; Colonial Sugar (5), £6O 15s; Fletchers (100), 37s 6d; F. T Wimble (100), £5 2s 6d; Coles (200), 235; Gadsden (500), 30s 6d; Humes (200), 42s 6d; Skellerup, pref. (150), 225; William Cable (450), 33s 9d; Woolworths, Ltd. (1100), 225. Unlisted: Korma, ord. (200), 17s.

WELLINGTON Sales.—Late Tuesday: 3 per cent., 62-64 (£400), £100; N.Z. Breweries (200), 52s 6d; William Cable (100), 33s 9d. Yesterday: National Bank N.Z. (100), 66s 6d; South British Insurance (25), £5 19s 6d; Taringamutu (100), 24s 3d; Feltex, N.Z. (50), 42s 9d; Mosgiel Wool (90), 555; Dunlop. N.Z. (900), 21s; G. J. Coles (1000), 22s “ d and 23s = J - J - Niven (100), 535; William Cable (350), 33s 9d; Wool worths, Ltd., ex (600), 225. After call: 3 per cent., E 32 '“< £2S0 >- £M 12s 6 <i; 3 Per cent., 59-61 I £ " 17s ®d; 3 per cent., 60-63 I £l „°!L 12s 6d; 3 P er cent., 62-64 I £ " 17s 6d; 3 P er cent., 63-65 I 17s 6d; 4 per cent., 54-58 I s^2?°’’a» £103 10s: Woolworths, Ltd., ex s (100), 225. I _ DUNEDIN = Bepcted.—Bank of Australasia | (20), £ll ss; National Bank of N.Z. (100), a £3 6s 6d. I INVERCARGILL | Sales.—Dominion Breweries (50), 80s 9d; I 1953-56, December (£500), £lOO ss.

OTHER EXCHANGES SYDNEY A steadier tofle was apparent in leading share prices on the Sydney Stock Exchange yesterday in heavy trading. Sales.—Bank of Australasia, £l3 Ils; Union Bank £l3; Tooths, £5 Us; United Insurance, £l9 10s; Associated News, pf„ 18s IJd; Huddart, Parker, 655; Anthony Hordern, 26s 9d; and, pref., 26s 6d; Aus. Paper, 33s 3d, and, contributing. ISs 4Jd; A.C.1., 745; Bradford Cotton, 50s 9dl British Tobacco, 48s 3d; 8.H.P., 54s 6d; Burns, Philp,' 77s 6d, and, contributing, 625; Claude Neon, 41s 3d; Colonial Sugar, £69, and, contributing, £45 12s 6d; David Jones, contributing, 435: Drug Houses, 56s 6d; Dunlop, 455: Electro. Zinc, £5 18s; pref., £5 10s; Feltex, 50s 3d; General Industries, 57s 6d; Coles, 26s 3d; Gordon and Gotch, 29s 3d; Howard Smith, 34s 3d; Morts Dock, 26s 3d; New Zealand Forest, 12s 6d; Wilcox. Moffiin, Us lOd; Woolworths, 255, and, rights, 19s 6d; Yarra Falls, 19s 6d; Broken Hill North, 955; Broken Hill South, 70s 6d; Placer Dev., £lO 17s; Kuala Lampar, 495; Rawang, 9s lid. MELBOURNE Investments were active on the 1 Melbourne Stock Exchange yesterday, but leaders moved irregularly. Sales.— Goldsbrough, 655; Ampol, 39s 3d; British Tobacco, 48s 6d; Courtaulds, 15s 7d; Drug Houses, 56s 6d; Dunlop, 44s 9d, and, pref., 445; Feltex. 50s, and, rights, 19s 3d; Herald, 19s 4d; Humes. 475; 1.C.1., 27s 9d; Woolworths, rights, 19s 7d; Yarra Falls, 61a; Broken Hill Pty., 54s 9d; Broken

Hill South, 70s; Mount Isa, 495: Mount Lyell, 255; Mount Morgan, 2?s 4d. LONDON Bank of Australasia, sale, £lO 8s 9d; Commercial Bank of Australia, buyer, 23s lid, seller 24s 4)d; E., S., and A. Bank, buyer £6 7s 6d. seller £6 12s 6d; Union Bank of Australia, sale, £lO 8s lid; Bank of New South Wales, sale £4l ss; British Tobacco, buyer 36s 3d, seller 37s 6d; Goldsbrough Mort, buyer 50s, seller 51s 3d; Dalgety, sale 12s lid; National Bank of New Zealand, sale 61s 3%d; Dalgety, debentures (new), 1955-70, sale, £lO2 ss; New Zealand Loan and Mercantile. 4 per cent, debentures, buyer, £96, seller £99; New Zealand Loan and Mercantile ordinary stock, buyer £ll5, seller £120; P. and O. deferred, middle price, 575; Broken Hill North, 76s 9d; Broken Hill Pty., 45s 6d; Consolidated Zinc, 335; New Guinea, Is 7id.

Sales on ’Chinee Var’n. N.Z. Govt. 3 p.c. Stock. 1861-63 (£350) £. s. d. 100 5 0 Hay’s, Ltd., rights (40) 0 16 0 —Id Sales Reported N.Z. Farm. Co-op. (3u0) 0 16 0 + 3d Dunlop, N.Z., ord. (600) 1 0 9 N.C. Dunlop, N.Z., ord. (300) 1 1 0 4-3d G. J. Coles (200) 1 3 0 N.C. Hay’s, Ltd., rights (28) 0 16 b -Id

LATEST QUOTATIONS Buyers. Sellers. Banks— £ s. d. £ s. d. Comm, of Aust. .. 17 0 Nat. of A’asia, 12/6 12 0 13 0 National of N.Z. .. 3 10 0 N.S.W. 43 10 0 Breweries— Ballins, ord. 1 11 6 Pref. 12 3 12 8 1 New Zealand 2 12 9 Westland .. 2 8 0 Coal— Kaitangata 13 6 j Frozen MeatCanterbury 23 10 0 __ i Pref. —— 8 12 6 N.Z. Refrig., £1 pd. ■■ 1 2 6 9 10s paid 14 0 14 3 Nth. Canty, pref. .. 12 0 Southland 3 16 6 GasAuckland, 5s paid 0 4 8 Christchurch 110 1 Timaru 0 11 0 Insurance— F.A.M.E., pref. 14 6 National 17 0 17 6 New Zealand 6 11 0 South British, c.d. 5 19 0 6 2 0 Loan and Agency— 1 C.F.C.A., ord. 1 IS 0 Dalgety 0 14 9 j General Finance .. 1 ~2 9 15 0 Mutual Benefit 19 17 6 Nat. Mort. “A" .. 0 11, 0 ”B” ,, 1 2 15 0 N.Z.F. Co-op. 0 15 6 First pref. 8 0 0 1 "A” pref. 6 0 0 6 5 0 4J p.c. Stock, ’60 102 15 0 4J p.c. Stock, ’55 102 17 6 — Perm. Invest. 12 17 6 United Building .. 12 9 — Wright, Stephenson 3 11 6 — Pref. 15 9 ShippingUnion, pref. 19 0 Timber— Kauri - 1 18 6 Woollens— Bonds 3 « 0 Bruce 2 10 Felt and Textiles, rights 0 16 9 0 17 0 Felt and Textiles of 1 N.Z 2 3 3 Kaiapoi, 17s pd. .. 1 8 9 Korma Tex., pref. 16 4 1 0 9 Manawatu 3 2 0 Timaru 17 3 Miscellaneous— i Acetone, pref. 13 3 1 Alloy Steel (N.Z.) 2 13 0 j Bycroft 3 0 0 ■ Aust. CI. 3 3 0 | Avon Metal 0 16 0 I Beath and Co. 2 16 6 I Booth, Macdonald 0 4 3 I Pref. —— 0 14 11 j Brit. Tobacco 2 1 0 “ Broken Hill Pty. .. 2 8 0 2 9 0 j Brown. Ewing 3 3 0 ” Colonial Sugar 61 0 0 | New, contr. 40 10 0 42 0 0 | Courtaulds 0 13 3 | Dom. Builders 0 15 0 0 18 0 | Dom. Fertiliser 1 11 6 I Donaghy’s Rope ., 3 5 3 I D ir c ei 10s .. pd - :: 1 17 0 1 8 0 18 6 | Dunlop Rubber .. 1 17 0 I Dunlop, N.Z. ——. 1 1 0 I Pref. — 0 19 11 ! Evans Atlas 18 0 19 6 I G. J. Coles 1 2 9 13 0 ! Hallenstein Bros. 1 13 0 11 Hay’s, rights ... 0 16 0 ■ Hay’s, Ltd. 4 0 0 I.C.I., A., N.Z., ord. 14 3 15 6 J. Gadsden 1 10 3 Pref 1 4 3 •—a J. J. Niven 2 12 0 MW K.D.V. Boxes 0 12 0 —— Macky Logan 2 2 6 McKenzies —— 3 7 6 McLeod 2 8 0 Midland Mot., pref. 13 0 Milburn Lime, c.r. 1 14 4 aaa M.K. Manufacturers, c.d 0 16 0 w— N.Z. Drug 6 9 0 —— N.Z. Express NZ.F. Fertiliser .. 0 14 0 2 0 0 — N.Z. Forest Prods. — 0 10 1 Pref. 0 11 3 a— N.Z. Newspapers .. 2 17 0 Quill Morris, 1936 2 10 0 —— Reid Rubber aw 0 17 6 Sharland 2 13 6 Simpson and Williams 3 2 6 3 10 0 Skellerup, pref. .. 12 6 — Tingey, R. and E„ pref. 1 12 0 Turnbull and Jones 1 18 6 — Whit, and Tombs 16 3 a_a Wilson Malt 1 14 0 Wilsons Cement .. — 110 W’worths, ord. 1 1 10 12 0 Rights 0 16 6 N.Z., ord. — 1 10 3 W. R. Cooke and Son 0 8 0 — UNLISTED STOCKS Buyers. Sellers. £ s. d. £ s. d. Andrews & Beaven, pref. 14 6 Beaths, Is paid (19s deposit) 2 3 0 2 5 0 Black and White Cabs 0 3 0 —— Chch. Press 13 I 0 13 15 0 Korma Textiles .. 0 16 0 —a John Chambers .. 1 14 0 Lane, Walker, Rudkin 3 5 6 Mackintosh, Caley, Phoenix — 2 3 0 Matea Forests 0 2 3 — Mackintosh, Caley, Phoenix, paid .. 0 11 0 —— Reece, Ltd., E., ord. 0 16 —— Scales “C," pref. .. Ross and Glendln- — 0 8 0 ing, contr. a— 1 15 6 Pacific Foiests 0 10 0