COMMERCIAL

Press, Volume LXXXVII, Issue 26576, 12 November 1951, Page 8

COMMERCIAL

STOCK EXCHANGES WEEK’S TRANSACTIONS REVIEWED (By Our Commercial Editor.) Because of the distractions of carnival week, only half the usual number of calls was conducted on the Christchurch Stock Exchange last week. Accordingly turnover was well below the average. Prices for New Zealand stocks, on the whole, were firm to steady. A further slight easing tendency was apparent in quotations for shares in most Australian issues. Turnover at 3679 shares was 4726 down on the previous week’s tally.-Details, with the figures for the previous week in parenthesis, are as follows:—Government securities, £1250 (£27,700); bank sham. 351 (210); breweries, 150 ( 486); insurance, 100 (175); loan and agency, 1100 ( 640); woollens, nil (200), miscellaneous, 1753 (6300); unlisted, 225 ( 400). Very few transactions were made in Government securities. National Banks showed a rise of 3s to sell at 655, with buyers offering 65s 3d—no sellers—at the final call. New Zealand Breweries registered * fall of 3d When they changed hands at 48s 3d, and more were on offer at this figure. Dominion Breweries firmed on buying inquiry without attracting sellers. Ballins appeared rather neglected, with buyers offering 28s 6d, and sellers Is f.d away. South British had the only business In the insurance section, when they were traded at 63s 6d. National Mortgage A shares sold unchanged In the loan and agency sectron at Ils 3d. Dalgetys sold 6d up at 13s. cum dividend. No business was written in coal, frozen meat, gas. shipping, timber, or woollens. Coulls, Somerville, Wilke, rights, sdvanced Is 9d to sell at 6s 9d. Donaghy’s Rope sold at 63s 6d. Consolidated Bricks remained unchanged in business at 10s 6d. J. J. Niven were traded at 59s 6d to 59s 3d in that order. New Zealand Forest Products remained unaltered in business at 12s 6d. In closing quotations for this stock buyers offered 12s 3d, with sellers Id away. Norvic Shoes improved sightly to sell at 13s 2d. McKenzies gained 6d in • sale at 72s 6d. G. J. Coles touched their lowest point for some time with a fall of is 5d in a sale at 18s 7d, but closing quotations were slightly better, with buy ers offering 18s 9d—sellers 19s 3d. Business in the unlisted section was light. Tapper Industries preference sham sold at 20s 7Jd. and New Zealand Motor Bodies returned to the sales list in a transaction at 40s 6d.

MINING Rlmu Dredge.—The Rlmu Gold Dredging Company, Ltd., return for the clean-up period. October 23 to November 8. wu 598 2-3 ounces of gold from 90,000 yard! in 248% hours. The October totals were 131914 ounces from 214,000 yards In 529 hours.