COMMERCIAL

Press, Volume LXXXVIII, Issue 26662, 22 February 1952, Page 9

COMMERCIAL

STOCK EXCHANGES

DOWNWARD TREND CONTINUES

Markets were active on the Christchurch stock Exchange yesterday. Prices ot stocks dealt in again showed a downward trend.

DOMINION TRANSACTIONS CHRISTCHURCH

AUCKLAND .Sale*.—l/8/51-54, 3 per cent. (£500), Net- Bank N.Z. (61). 595; Bank Jf s y’L< so ). A3S 10b; Bertel Industries, rts. (400). 3s 8d; B.H. Pty. (300), 37s 6d; ££!:,® , }? ar Q 0), tt42 10s: Coles, cum div. <s®°). M» M>d, ex div. (300), 14s 8d; N.Z. Drug (25) 9?g;Forest Products (100), 9s 9d, and (800), 13s lid; ftp Top Ice (*0), fSWIUW t ”“ ua: „ , . WELLINGTON gS®s®ta (£’soo), £102; Dunlop, N.Z., ord. (100), 18s 6d; G. J. Coles («0), 2 sales, 14s 6d; 6N.Z. Forest Prod., ord. (100), 10s, and ref. (500), 12s lid; Toppa Ice, 6s 6d. nested: British Std. Port. Cement, fully PJ 1 - <«»). 15s 3d; Matheson Minister, pref. (200)’ Vs 6 8d AftGr Cail " Woolworths ’ ® y< J- _ . DUNEDIN 3 Per cent. Stock, Dec., 1933-56 (£1000), £97. „Bales Reported.—3 per cent. Stock, 198357 (£300), £9B 15s; National Insce. (100), ?2s3d. A cl - < M ’. 40s lO’/jd; G. J. Coles (600). 14s lOd, and 300 at 14s 9d; Hallensteln Bros. (150), 30s; N.Z. Forest Prods., pref. (200), 13s; Woolworths, Ltd. (100),

OTHER EXCHANGES

SYDNtY The recession of share prices continued on a wide front on the exchange yesterday. Falls were again sever*:— Sales.—Bank New South wales, £3B 12s 6d; Tooheys, 27s 9d; Associated News, pref., 16s; Anthony Hordern. 18s 8d; Aus. Paper, 26s Bid, and hew, 265; A.C.X.. 475: Bradford Cotton, 335; 8.H.P., 44s 9d, and contributing, 34s 3d; Bums Philp, 60s, and contributing, 475; C.3JR., £5l, 15s, snd contributing, £4O 2s 6d; Coles, 17s 4»kd; N.Z. Forest, 12s; Woolworths. 18s 9d; Bradford Cotton, 33s 6d; Dalgetys, Ils 9d; David Jones, 375; Drug Houses, 41s 3d; Dunlop, 32s 9d; Electro. Zinc, pref., 27s 4)kd; Feltex, 31s; Hehry Jones, Ms 3d; Goldsbrough, 41s; 1.C.1., 30s; Mount Morgan, 22s 3d; Broken Hill North, 85s 8d; South, 625. MELBOURNE Prices weakened on the stock exchange yesterday, but the sales volume was fairly high.

Sales.—Goldsbrough, 41s; A'asian Paper, 26s 3d, and new, 25s 9d; A.C.1., 48s 6d; Bradford, 33s 6d; Dunlop, 325; Feltex, 31s; Coles, 17s sd; Herald, 15s; Hume Ind., pref., 24s 3d; Humes, 35s 6d; 1.C.1., 295; Myer, 7s sd: N.Z. Forest. 12s 3d; Woolworths, 18s 8d; Olympic Tyre, 14s; Electro. Zine, 295, and pref., 27s 6d; Broken Hiil Pty., 455, and new, 34s 3d; New Broken Hill. 82s 9d; Mount Isa, 49s 9d; Mount Lyell, 235; Mount Morgan, 21s 6d; Oil Search, 3s 6d.

STOCK EXCHANGES’ ANNUAL CONFERENCE

The annual conference of the Stock Exchange Association of New Zealand is being held in Wellington this week. The chairman (Mr Eric Millton) and. vicechairman (Mr R. S. Soanes), are representing the Christchurch Exchange. The president of the association is Mr W. S Dawson, of Dunedin.

Sales on ’Change _ _ £. s. d. Var’n. G. J. Coles, ex div. (SOO. 100) 0 14 10 N.C. Skellerup Indust., pref. Woolworths, Ltd. (Ip6j 0 16 Mount Lyell (100) .. o 19 0 0 N.C. 1 — lid _ Sales Reported 3 Ks™,-’’.. „ * P.C., 1954-58 (£1000) 100 „ N.Z. Insurance (50) 5 0 0 10 0 7 6 N.Z.F. Co-op., 41 p.c. Stock, 1955 (£100) .. 100 0 0 N.Z.F. Co-op., 41 p.c. „ Stock, 31/1/65 (£400) 100 0 0 N.Z.F. Co-op., 4) p.c. Stock, 12/5/00 (£700) 101 0 0 Berlei, rights (100) 0 Broken Hill Pty. (75) 1 3 17 6 0 — 2/6 Mason Struthers, £1 pd. „ (100) .. 1 13 0 —— Kanlere Gold (500) 0 N.Z. Breweries (50) 2 11 S' 6 3 -1/3

LATEST QUOTATIONS Buyers. Sellers. £ s d. £ a d. N.Z. Govt.— 2i p.c. War Loan, 1/10/52 . 98 10 0 3 t>.c. Ina., 1/8/5154 mm 98 5 0 3 p.c. Ins., 15/5/5356 96 17 6 97 5 0 3 p.c. Ins., 15/12/5356 - -MM 97 0 0 3 p.c. Ins., 15/2/5558 MM 95 2 6 3 p.c. Ins., 15/11/5760 MHM 93 5 0 3 p.c. Ins., 15/8/5961 93 0 0 3 p.c. Ins., 15/4/6062 .. MM 93 2 6 3 p.c. Ins., 15/4/6063 MM 93 2 6 3 p.c. Ins., 15/7/6163 92 0 0 —— 3 p.c. Ins., 15/6/6164 92 0 0 93 0 0 3 p.c. Ins., 15/7/0264 92 0 0MM 3 p.c. Ins., 15/7/6365 92 10 0 3 p.c. Ins., 15/5/0466 91 10 0 MM 31 p.c. Ins., 15/9/57- • 60 MM 97 0 0 3J p.c. Ins.. 15/1/5357 ■■IIIR 99 5 .0 4 p.c. Ins., 31/5/5458 100 10 0 100 15 0 Banks— A. and N.Z. 1 1? 0 Comm, of Aust. .. 0 18 0 0 18 9 Pref. 7 0 0 —M E., S., and A. 5 0 0 MM N.S.W MM 35 0 0 Breweries— Ballins, pref. 1 0 0 1 1 6 Dominion 3 14 0 — New Zealand, c.d. . 2 6 0 Coal— Kaitangata MM 1 17 0 Frozen MeatCanterbury 14 15 0 RM. Pref. —M 8 0 0 Gear B 1 10 0 N.Z. Refrig., 20s .. 1 10 0 MM 10s .. 0 14 9 0 15 0 Gas— Christchurch MM 0 18 0 Insurance— a F.A.M.E. 1 3 0 1 6 0 National 1 2 0 1 2 9 New Zealand 5 8 0 South British MM 2 13 6 Loan and Agency— C.F.C.A., ord. — 1 12 6 Chch. Building .. MM 19 10 0 Dalgety 0 10 0 0 10 6 Newton King, ord. 0 9 9 MM Newton King, 6 p.c. pref. MM 1 3 0 Nat. Mortgage, c.d.. "B" B l» 2 11 6 “A," c.d. —— 0 10 5 N.Z.F. Co-op. 0 12 3 0 12 6 “A.” pref. BMW 5 7 6 “B" pref. M’ 5 7 6 4} p.c. Stk., '60 100 0 0 MM 4J p.c. Stock, *55 MM 100 10 0 41 p.c. Stock, 31/1/65 100 0 0 101 10 0 4J p.c. Stock, 12/5/60 100 0 0 101 10 0 N.Z. Guamt. Cpn. M— 0 2 3 S.I. Finance 1 7 3 — — United Building .. M_, 1 1 9 Wright. Stephenson 3 14 6 M— Pref. .. 1 Z 6 MM New 1 2 3 r—. Timber— Taupo Totara 1 16 0 MM Woollens— Feltex, N.Z. 1 17 0 Kaiapoi, 17s paid 1 3 9 MB Pref 1 3 9 1 5 6 Korma Text., ord. 0 14 6 0 16 6 Timaru .. MM 1 6 6 Miscellaneous— Ampol, rights 0 0 2 0 0 4 Amalg. Batteries .. 1 5 0 • 1 6 0 Beath and Co. MM 3 13 0 Begg and Co. MM 2 2 0 Berlel (N.Z.), rts. MM 0 4 0 Booth, Macdonald MM 0 7 9 British Tobacco .. — 1 13 0 Broken Hili Pty. .. 1 16 9 Colonial Sugar 42 0 0 44 10 0 Courtaulds 10a paid 0 10 9 Dom. Builders *M 0 13 0 Dunlop, N.Z. «M— 0 16 0 Pref MM 0 18 6 Electro. Zinc, ord. 1 3 0 1 4 0 Evans Atlas, cont. MM 0 13 0 Frozen Prods. MM 1 2 0 G. J. Coles, x.d. 0 14 9 0 14 10 Greater Crystal .. MM 1 3 9 Humes, N.Z., pref. 1 1 6 1 1 9 Hay’s, Ltd MM 3 17 0 I.C.I., A. N.Z. —— 1 11 0 J. Gadsden — 1 6 6 Pref — 1 2 0 K.P. and Co. MM 4 17 6 Maling. pref. M— 1 1 3 K.P. and Co., new — — 4 16 6 Mas. Struthers, £1 paid 1 13 6 MM Milburn Lime, c.d. MM 1 10 0 National Electric .. MM 4 14 0 N.Z.F. Fertiliser .. MM 1 18 0 N.Z. Forest Prod. MM 0 10 0 Pref __M 0 12 9 N.Z. Newspapers .. a—» 2 5 0 N.Z. Paper Mills .. M— 1 15 6 Norvic Shoes, 10s paid .. MM 0 12 6 Quill Morris (1936), c.d. 0 18 0 1 1 0 Reid Rubber — 0 17 0 Skellerup, pref. .. 1 0 9 MM Whakatane, pref. 1 0 6 —— Whit and Tombs MM 1 4 3 Wilson’s cement .. mM 0 17 0 Woolworths, ord. .. 0 15 6 0 16 0 (N.Z.), Ord. —— 1 3 1 (N.Z.), Pp., pr., rights —— 0 0 3 Overseas Listings— W’worths. (S.A.) .. — 0 18 6 UNLISTED STOCKS Buyers. Sellers. £ s. d. £ s. d. Andrews and Beaven, pref. 1 1 0 1 3 0 Beaths (Is paid, 19s deposit) .. Canty. Seed (N.Z.) i io 6 1 19 6 Lane, Walker, Rudkin ... MM 3 3 0 Phoenix, c.d. —— 1 19 0 Paid MM 0 10 6 Matea Forests —— 0 3 4 Reece, Ltd., E., ord. 0 1 0 0 1 9 Reece, Ltd., E., pf. 0 11 6 — Regent Theatre, Christchurch 0 10 0 MM Ross and Glendin2 r ing SMB 9 Watties Canneries 1 15 0 —