COMMERCIAL

Press, Volume LXXXVII, Issue 26513, 30 August 1951, Page 8

COMMERCIAL

STOCK EXCHANGES MARKETS UNSTEADY A moderate turnover was recorded on the Christchurch Stock Exchange yesterday. Dealings Were largely confined to Government securities, industrials ' ®2rt chain stores. Price losses outnumbered gains. DOMINION TRANSACTIONS CHRISTCHURCH Sales on 'Change , £ s. d. Var n. N.Z.F. Co-op. (4J p.c. stock, 1960 (£300) .. 103 0 0 G. J. Coles (200; 100; 100) .. .. 1 2 3 —6d N.Z. Forest Products, „' wr . ord. (100) .. 013 0 N.C. Woolworths (South A.), (100; 100) .. 1 0 9 —3d Sales on ’Change, Unlisted Matea Forests (200) .. 0 3 3 N.C. Korma Textiles (ord.), (100) .. .. 017 0 Sales Reported, Listed 3 per cent., 1955-58 (£200; £700) .. 99 10 0 3 per cent., 1959-61 (£2000; £1200) .. 99 5 0 G. J. Coles (300) .. 1 3 3 -6d Mason. Struthers, 14s . . _ paid (cum) (200) .. 1 4 6 N.Z. Forest Products (ord.) (200) .. 013 0 N.C. cum div. (1000) .. 1 1 3 -3d Sales Reported, Unlisted Norvic Shoes, 10s pd.. late sale Tuesday (200) .. •• 014 0 N.C. Ross and Glendining , (450) (250) •• 210 O+M

AUCKLAND Sales.—ls/8/59-61, 3 per cent. ( £2OOO , £99 2s 6d; 15/4/60-63. 3 per cent. (£700), £99 17s 6d; 15/1/53-57, 3J per cent. (£355), £lOO 7s 6d; Waitemata E.P. Board, 1/11/60, 3j per cent. (£200), £lO2 7s 6d. Comm. Bank of Aust. (150), 23s 3d, and (150), 23s 6d; N.Z. Breweries (100), 4»s 3d, and (100), 49s 6d: Standard Insurance (200), 955; Feltex N.Z. (200). 41s fed, B-H-Ptv. (200), 47s 3d, and 6s 8d paid (400), 28s 3d: Dominion Fertiliser (100), 375; Farmers’ Trading (200), 44s 3d, and 680 , 445; Fletchers (320), 37s 6d; Coles (200), 22s 6d; McKenzies (100), 71s; M.K. Manufacturers (500), 16s; N.Z. Farmers Fertiliser (50), 41s; Forest Products (400). 13s, and (150), 12s lOd; Northern Roller, pref. (100). 28s; William Cable (200). 36a ' Wilson’s Cement (300), 22s 2d: Woolworths. Ltd. (400), 21s id. Unlisted. Farmers’ Trading. “C” pref., new (100), 1 255. Greers (100). 28s 9d: McKendrick (Whangarei), pref. (300), 22s 6d.

WELLINGTON Sales.—3 per cent.. May, 1953-56 (£12,000), £lOO 7s 6d; 3 per cent., Dec., 1953-56 (£12,000), £lOO 2s 6d; 3 per cent.. 1959-61 (£1200), £99 ss; 3 per cent., 196164 (£200), £99 10s; 3 per cent. (£600) £99 12s 6d; New Zealand Breweries, 3 sales (450), 49s 6d; Huddart Parker, ord.. 2 sales (350), 56s 6d; Dominion Rubber (300), 30s 6d: Dunlop N.Z., ord., 2 sales (300). 20s; Farmers’ Trading (400), 445, National Elec. (289), 92s 6d; Wm Cable (300), 365. Unlisted: Ross and Glendining (450), 50s; Toppa Ice (50), 9s. After call: 31 per cent., 1957-60 (£1000), £lOl 15s; New Zealand Breweries, odd (46), 49s 6d; Farmers' Trading (80), 445; N.Z. Farmers' Fertiliser (100). 41s. Unlisted. N.Z. Motor Bodies (250), 43s 6d.

DUNEDIN Sales. —Dominion Rubber (100), 30s 6d; N.Z. Forest Products, ord. (100). 13s. Reported. G. J. Coles (150), 22s 6d; Woolworths, Ltd., late (600). 21s 6d and (100), 21s sd: Commercial Bank, ord. (300), 2 sales, 23s 6d: Kaitangata Coal (100), 27s 6d; N.Z. Forest Products, ord. (200), 13s. Unlisted: N.Z.’Motor Bodies (250), 2 sales, 43s 6d. INVERCARGILL Sale Reported.—National Electric (289), 92s 6d. LATEST QUOTATIONS Buyers. Sellers. £ s. d. £ s. d.

OTHER EXCHANGES

SYDNEY With wool prices falling, no clear trend in share prices was visible on the Sydney Exchange yesterday. Sale*.—Queensland Insurance, £5 17s 6d; Aust. Paper, 32s 4id, and contributing, 20s 4jd; Coles, 255; Goldsbrough, 51s 6d; Stirling Henry, Ils; Wilcox, Mofflin, 9s sd; Woolworths. 24s 3d; Yarra Falls. 57s 6d; Colonial Sugar, £63; A.C.1., 665; 8.H.P., 555; Drug Houses, 48s 6d; Dunlop, 475: Electro. Zinc, £5 Is; British Tobacco, 43s 9d; Henry Jones, 70s; Loloma, 31s; Placer Development, £l3 19s; Oil Search, 3s lid; Rawang, 9s 7d. MELBOURNE The investment market was variable on the Melbourne Stock Exchange yesterday, but leaders generally had a tendency to advance. Sales.—Commercial Bank Australia, 275; Ampol, 39s 3d: A.C.1., 65s 6d; Bradford, 475; Courtaulds, 25s 3d; Drug Houses, 48s 6d; Dunlop, 46s 9d: General Motors, pref., 265; Coles, 255; Gordon and Gotch, 27s 3d; Herald, 17s 6d; Humes, 41»; 1.C.1., 38s 3d; Electro. Zinc. £5 Is; Broken HUI Pty., 555. and new, 33s 3d; Broken Hill South, 68s 9d: New Broken Hill,'34s 3d; Loloma, 335: Mount Morgan, 24s sd.

LONDON Australia and New Zealand Bank, <>ale 38s; Commercial Bank of Australia, buyer 23s 6d, seller 24s 6d; E., S.. and A. Bank, buyer £5 13s 9d, seUer £5 17s 6d; Bank New South Wales, sale £4O 7s 6d; British Tobacco, buyer 34s 6d, seller 365; Goldsbrough Mort, sale 40s 3d: Dalgety and Co., buyer Ils 3d. seller 12s 3d; National Bank of New Zealand, sale 58s 9d; Dalgety and Co.. 1955-70, buyer £99, seller £102; New Zealand Loan and Mercantile, 4 p.e. debentures, sale £92 10s: N.Z. Loan and Mercantile, ordinary stock, sale £117: P. and O. deferred, middle price, 67s 6d; Broken Hill, 71s 10)d; Broken Hill South, 555: Broken Hill Pty., 43s IJd: Consolidated Zinc, 34s 3d; New Broken Hill, 28s 3d; Mount Lyell, 19s l|d; New Guinea, 2s 1 id: Mount Morgan, 18s 9d.

PRICE OF TIN (New Zealand Press Association) J LONDON. Aug. 28. Tin is quoted at £lO6O for spot delivery and £958 15s for forward.

Banks— A.N.Z Comm, of Aust. .. 3 6 — 2 0 1 3 —• Natl, of A'asia, 12s 6d 0 19 9 National of N.Z. .. •— 3 8 9 Breweries— Ballins, ord. I 11 6 Dominion .. 3 16 0 — New Zealand 2 9 0 — Westland 2 6 0 Coal— Kaitangata .. 1 8 0 — Pukemiro .. 1 9 0 — Frozen MeatCanterbury 23 2 6 24 0 0 Pref. ' —— 8 10 0 N.Z. Refrig., £1 pd. —— 1 19 0 Southland —— 3 11 0 Gas— Christchurch •. 1 0 3 — 10s paid 0 8 6 — Timaru 0 13 3 0 17 6 InsuranceNational 1 6 6 South British 6 I 6 6 3 6 Standard K 4 18 6 Loan and Agency— C.F.C.A., ord. 1 16 0 Pref. — 3 10 0 Chch. Building .. MM* 24 0 0 Dalgety 0 11 4 0 12 0 Newton King 0 11 6 — Invinc. Bldg. 5 0 0 5 9 0 Mutual Benefit 19 10 0 — Nat, Mortgage “A” —• 0 11 7 Nat. Mort. “B” .. MM* 2 16 0 N.Z. and River Plate 0 8 0 N.Z.F. Co-op., c.d. 0 15 9 First pref., c.d. .. —— 8 5 0 "A" pref., c.d. .. — 6 0 0 4J p.C. Stk., '60 .. 102 17 6 —— 4J p.c. Stk., ’55 .. 102 17 6 N.Z.. Guar. Corpn. 0 2 1 —— Perm. Invest. 13 10 0 •MW United Bldg. 1 3 9 Wright, Stephenson, c.d. 3 IS 0 Shipping— N.Z., pref. P. and O. deferred stock, c.d. 11 0 0 3 8 0 Union, pref. — 1 7 9 Timber— Taupo Totara .. 1 0 6 Woollens— Bruce 2 3 « Felt and Textiles of N.Z., pt. .. 1 4 9 Kaiapoi, 17s paid, x.d. 1 8 6 1 9 6 Korma Tex., pref. 1 1 4 — Timaru —— 1 7 6 Contr. 0 18 6 1 0 0 Wellington —- 10 18 6 Miscellaneous— Aust. C.I., rights .. 0 18 0 1 0 0 Aust. Found Invest., c.d. 0 8 0 Avon Metal 0 13 7 0 18 6 Beath and Co. —— 3 1 6 Booth, Macdonald 0 3 9 —— Brit. Tobacco, c.d. 1 18 0 2 0 0 Broken Hill Pty. 2 6 9 — Burns, Philp 3 12 0 —— Claude Neon, N.Z. 2 13 6 —— Courtaulds, 10s pd. 1 1 9 1 2 9 Dental and Medical 1 14 6 . Dom. Builders 0 14 0 0 15 0 Donaghy’s Rope .. 3 1 0 3 5 0 D.I.C., 10s pd. Dunlop Rub., c.d. 2 0 0 MM — 2 1 0 Dunlop, N.Z., pref. —— 1 0 0 Electro. Zinc, ord. 4 10 0 Electro. Zinc, pref. 4 4 6 Fletcher Holdings 1 17 0 — Frozen Prods., c.d. — 1 6 6 G. J, Coles 1 2 3 , Greater Crystal ., 1 5 0 Hadfields i ~i 0 —— • Hay’s, Ltd. —— 4 4 6 Henry Jones — 3 2 0 Henry Berry —— 1 4 0 I.C.I. A. N.Z., pf. •Ma* 1 2 0 Ord;, c.d. 1 13 6 —— J. Gadsden, pref. 1 4 7 1 5 0 McKenzies 3 10 0 —— McLeod 2 16 0 —— Maling, pref. — 1 2 0 K.P. and Co. 6 10 0 6 15 0 Mas., Struthers, £1 paid, cum div. .. 1 16 0 14s pd., cum div. — 1 5 0 10s pd.,' cum div. 0 17 0 Midland Mot., pref. 1 1 9 MM* Milburn Lime, contr., c.d. 0 13 0 M.K. Mfrs. ——- 0 16 0 Morts Dock .. 1 1 6 National Electric .. 4 10 0 — N.Z. Forest Prods. 0 12 11 0 13 0 Pref. 0 15 5 0 15 6 N.Z. Paper Mills 1 17 6 1 19 0 Quill, Morris (1930), c.d. Reid Rubber 2 17 6 3 1 0 1 0 0 Silknit 1 9 6 Skellertfb, pref. .. — 1 ~4 3 Tingey, R. and E„ nref. 1 10 6 Turnbull and Jones 2 ~2 6 Weeks 2 10 0 Whakatane Board Mills 1 8 0 Pref., c.d. 1 6 3 Wilcox, Mofflln .. o T 2 Wm. Cable —— 1 16 0 Wilson’s Cement .. 1 1 10 W’worths, ord., c.d. 1- 1 1 1 ~1 3 (N.Z.), ord. — 1 10 0 (N.Z.), props., pf., c.d. 1 4 9 Overseas Listings— W’worths. S. Africa 1 0 0 1 1 0 UNLISTED STOCKS Buyers. Sellers £ s. d. £ s. d Amalg. Batteries — 1 7 6 Ass. Mot. Pet., pf. 1 12 0 1 14 a Acetone 1 10 3 Beaths (Is pd., 19s deposit) 2 8 0 Canty. Seed (N.Z.) 1 10 0 Korma Textiles .. 0 16 9 0 17 3 John Chambers .. 1 16 6 Lane, Walker, Rudkin 3 6 0 Mac.. Caley, Phoenix 2 1 0 Matea Forests 0 3 2 0 3 3 Paid 0 10 9 National Tobacco —— 1 14 0 Norvic Shoes, 10s paid 0 13 10 0 14 0 Reece, Ltd., E., ord. 0 1 6 Pref 0 13 0 —— Ross and Glendining .. .. a io •