COMMERCIAL

Press, Volume LXXXVII, Issue 26514, 31 August 1951, Page 12

COMMERCIAL

STOCK EXCHANGES MARKETS QUIET Markets were quiet on the Christchurch Stock Exchange yesterday, and dealings were restricted to a few stocks. Australian industrials were firm, but chain stores were fractionally weaker. DOMINION TRANSACTIONS CHRISTCBURCB Sales on 'Change £ a. d. Var‘n. 21 per cent., War Loan, 1953 (£275) .. 99 10 0 G. 3. Coles (200) .. 1 2 0 -3d Sales Reported 4 per cent., 1952-55 (£250) .. .. 101 0 0 4 per cent., 1954-58 (£200) .. .. 103 0 0 Ballins Breweries, pref. (200) .. .. 1 3 0 +2d Christchurch Gas, 10s pd. (200) ..0 9 0 N.Z.F. Co-op., “A” pref., c.d., late sale Wednesday (40) .. 0 0 0 N.C. Acetone, pref. (200) .. 1 3 9 AUCKLAND Sales.—ls/2/55-58, 3 per cent. (£400), £99 10s; 15/8/59-61, 3 per cent. (£2000), £99 ss; 15/6/52-55, 4 per cent. (£2soj, £101; Com. Bank Aus. (200), 23s 6d; N.Z. Insurance (50), £6 7s; South British (50), £6 3s 6d; A.C.1., rts. (200), 20s; Farmers’ Trading (100), 445, and new (50). 43s 6d; Fletchers, new (325), 37s 6d; Coles (200), 225; Geo. Coart (121), 54s 6d; Farmers' Fertiliser (100). 41s, and pref. (500), 27s 6d; Toppa Ice (500), 9s Bd, and (300), 9s 9d; W’worths, Ltd. (1600), 21s; N. R. Carpenter (250), 18s; Mount Lyell (150), 20s 4d; Placer Development (25), £ll 10s, and (225), £ll 15s. Unlisted: McKendrick, Whangarei, pref. (600), 235, and (200), 22s Bd. WELLINGTON Sales.— Wednesday: Burns Philp (110), 735; Farmers’ Trading (200), 445; N.Z. Breweries (46), odd lot, 49s (not 49s 6d as previously reported); Ross and Glendining, 2 sales (300), 50s. Yesterday: 3 per cent., 59-61 (£2000), £99 ss; 4 per cent., 54-58 (£10,000), £103; Dunedin City Council, 3J per cent, 30/9/69 (£2500), £99; Dominion Breweries, new (300), 765; South British Insurance (50), £6 3s 6d; Wright. Stephenson (50), 75s 6d; Dominion Rubber (200), 30s 6d; Dunlop, N.Z., ord. (200). 20s; N.Z. Forest Prod. (150), 13s, and (100), pref., 15s 6d; Whakatane, ord. (300), 27s 3d. After call: 4 Per cent., 54-58 (£200), £lO3 2s 6d; Bonds Hosiery (50), 735; McKenzies (60), 71s; Rubber Distributors (100), Ils; KJD.V. Boxes (1300), 13s 6d. DUNEDIN Sales.—B.H. South (50), 57s 6d. Sales Reported.—N.Z. Refrig., cont. (500), 19s 3d; Union Steam Ship, pref. (100). 27s 6d; Mosgiel Woollen (100), 60s; Farmers’ Trading (100), 445; Dominion Rubber (500), 2 sales, 30s 6d; 3 per cent., 1955-58 (£2000), £99 10s. Unlisted: Ross and Glendining (250), 50s.

OTHER EXCHANGES

SYDNEY The Sydney sharemarket was firm to strong yesterday. Placer Development jumped to a record £l6 6s, and then dropped back to £l6 4s at closing, having advanced by a total of £5 19s this month, after an announcement that a subsidiary, Canadian Explorations, had secured a tungsten contract with the Canadian Government. . «... Sale*.—New Zealand Insurance. £7 14s; Am. Paper, 33s 6d. contributing. 20s 3d; 8.H.P., 555, contributing. 335; Coles. 25» Hid; Souls. £6; Wilcox Moffiin. 9s 2d; Woolworths, 24s 3d: Yarra Falls, 575; New Zealand Forest, 15s 6dl Carpenters, 20s 3d; Bank New South Wales. £44 12s 6d; Queensland Insurance, £5 18s; British Tobacco, 445: Henry Jones, 71s: A.CI.. 665; General Industries, 57s 6d: New Broken Hill, 34s 3d: Broken Hill North. 925; Rawang, 9s 7d; Placer Dev,, 16s 4d. MELBOURNE Leading stocks on the Melbourne Stock Exchange yesterday showed a tendency to

firm. Sales in the mining section were heavy, and firm rises were well in excess of falls. Some stocks showed good gains. Sale*.—Commercial Bank Australia, 26s IDd; Goldsbrough, 51s 6d; Australasian Paper, 33s 3d, new, 20* 6d; A.C.1., 665; Bradford, 47»; B.HP., 555, and new. 33* 9d; Dunlop, 475: Electro. Zinc. £5 Is; Felt and Textiles, 48a 6d; G. J. Coles, 255; Herald, 17s 3d; Howard Smith, 325; Humes, 4is; I.CX, 38*. and pref., 34s 3d; Myer. ssoSVaHJarta w x Broken Hill, 34* 3d: North Broken HUI. 92*; Emperor, 10* 3d; Loloma, 33* fid; Mount Morgan, 24s 6d; Oil Search, 4* 3d. LONDON

Broken Hill North, 71* 7‘/ s d; Broken Hill South, 55s 6d; Broken HUI Proprietary, 43s 4>4d/ConsoUdated Zinc, 34s 3d; New Broken HUI, 28*; New Guinea. 2* Hid. 1

LATEST QUOTATIONS Banks— A.N.Z. Buyer*. £ *. d. Seller*. £ a. d. 2 0 0 Comm, of Aust. .. 1*3 3 13 9 Natl, of A'asia, 12s 6d WWW 0 19 5 Breweries— Ballins, ord. I I IH ■ 1 11 6 Dominion .. 3 16 0 New Zealand .. 2 9 3 Westland 2 6 0 w—. Coal— Kaitangata .. 17 0 MW Pukemiro .. Frozen Meat19 0 — Canterbury M 24 0 0 Pref. —— 8 10 0 N.Z. Refrig., £1 pd. 1 19 0 10s paid 0 18 10 0 19 3 Southland 3 11 0 GasChristchurch 10 4 MW 10s paid 0 8 6 0 9 8 Tlmaru 0 13 6 0 17 6 Insurance— F.A.M.E. 114 MW National 16 6 South British 6*2 6 6 3 6 Loan and Agency— CJ.C.A., ord. WM 1 16 0 • Pref. www 3 10 0 Dalgety 0 11 6 WM Invinc. Bldg. WWW 5 10 0 Mutual Benefit 19 10 0 Nat. Mortgage “A" oii 8 Nat. Mort. "B” .. WM 2 16 0 N2. and River Plate 0 8 0 WM N.Z.F. Co-op., c.d. 0 15 6 First pref., c.d. .. ——, 8 5 0 “A” pref., c.d. .. 5 17 8 — "B” pref., c.d. .. S 19 0 WM 4J p.c, Stk., ’60 .. 103 0 0 WM 4| p c. Stk., -35 .. 103 0 0 WM N.Z. Guar. Corpn. 0 2 1 MW Perm. Invest. 13 10 0 — United Bldg. 1 3 9 WWW Shipping— N.Z., pref. P. and O. deferred 11 0 0 — stock, c.d. 3 8 0 wwUnion, pref. 1 6 9 17 9 Timber— Taupo Totara WWW 2 0 6 Woollens— Felt and Textiles of N.Z.. pf. .. 14 9 WM Kaiapoi, 17s pd. .. 18 9 19 6 Umaru 17 6 Contr. 0 18 6 1 0 0 Wellington — 10 18 6 Miscellaneous— Acetone, pref. 1 3 6 — Aust. C.I., rights .. 0 19 3 1 1 0 Aust. CX 2 16 0 3 0 0 Aust. Found Invest., c.d. * WWW 0 7 9 Avon Metal 0 13 8 1 1 0 Beath and Co. www. 3 2 0 Booth, Macdonald 0 3 9 WM Burns, Philp 3 11 0 •w Claude Neon, N.Z. 2 13 6 mm Courtaulds, 10s pd. 1 1 6 1 3 3 Dental and Medical 1 14 0 , MW Dom. Builders 0 15 0 Dom. Fertiliser WM 1 18 0 Donaghy’s Rope .. D.I.C., 10s pd. 3 2 0 2 0 0 3 5 0 Dunlop Rub., c.d. WM ,2 2 0 N.Z., pref. MW 1 0 0 Electro. Zinc, pref. www 4 4 6 Frozen Prods., c.d. W-— 1 6 6 G. J. Coles 12 0 12 3 Greater Crystal .. 13 6 WM Hadfields 1 4 1 18 0 John Bulleid 0 14 9 WM Hay's, Ltd. MW 4 4 6 I.C.I. A. N.Z., pf. 10 0 12 0 Ord., c.d. 1 13 6 1 14 6 J. Gadsden, pref. 1 4 5 15 3 McKenzies 3 10 0 M» McLeod .. 2 16 0 ■WB* Mating, pref. WM 12 1 KJP. and Co. 6 10 0 8 17 6 Mas., Struthers, £1 paid, cum div. .. 1 16 0 MW 14s pd., cum div. MW 15 0 10s pd., cum div. —• 0 17 9 Midland Mot., pref. 1 2 0 ■— Milbum Lime, Mb contr., c.d. WWW 0 13 0 M.K. Mfrs. WM 0 16 0 Morts Dock 116 WM National Electric .. 4 11 0 MW N.Z. Forest Prods. 0 12 6 0 13 0 Pref. 0 IS 2 0 15 6 N.Z. Paper Mills 1 17 *6 1 19 0 Quill. Morris (1936), c.d. 2 17 6 MW Radio (1936) 0 17 0 MW Reid Rubber 0 17 10 MW Sharland 2 16 0 ■M Silknit 19 6 WM Simpson and Williams 3 10 0 M Skellerup, pref. .. — 14 2 Turnbull and Jones 2 16 2 2 6 Whakatane Board Mills, c.d. 17 0 18 0 Wm. Cable 1 15 6 1 16 3 W’worths, ord., c.d. 10 9 112 (N.Z.). ord. M 1 10 0 (N.Z,), Props., pf., c.d. www 14 9 W. R. Cooke and Son 0 8 0 WM Overseas Listings— W’worths, S. Africa 1-0 0 WM UNLISTED STOCKS Buyers. Sellers £ s d. £ s. d Ass. Mot. Pet., pf. 1 12 0 1 14 6 Acetone 1 10 6 — Beaths (Is pd., 19s deposit) ., —w> 2 8 0 Canty. Seed (N2.) 1 10 0 WWW John Chambers .. 1 17 3 1 19 3 Mac., Caley, Phoenix WM 2 10 Mac., Caley, Phoenix, paid 0 10 9 WM Matea Forests .. 0 3 2 0 3 5 National Tobacco WM 1 14 0 Reece. Ltd., E., ord. 0 16 WWW Pref 0 13 0 WWW Prudential Bldg. .. 1 0 0 ww4w Norvic Shoes, 10s paid 0 13 9 0 14 0 Ross and Glendining 2 9 6 2 10 0 Stacey and Hawker WM 2 2 0 Tekau Knitwear .. — 1 12 0 Victoria Mansions 15 0 WM Vigilant Auto Fire Alarm WM 0 15 0