COMMERCIAL

Press, Volume LXXXVIII, Issue 26868, 22 October 1952, Page 12

COMMERCIAL

STOCK EXCHANGES MARKETS AGAIN QUIET Markets were again quiet on the Christchurch Stock Exchange yesterday, and dealings were restricted to a few stocks. Fletcher Holdings, in their first local business since the announcement of the com?o n °4s S proposed ca P ital increase, improved DOMINION TRANSACTIONS CHRISTCHURCH

AUCKLAND „ 3 P e r cent. (£1400), ? s 6d ’ 15/9/52-55, 3 per cent. (£200), £9? « s 3 per cent. (£200), £97 2s 6d; 15/2/55-58, 3 per cent. (£325), £95 2s 6d, and £1550 at £95 ss; 15/8/0961, 3 per cent. (£200), £92; 15/1/53-57, 3i per cent. (£850), .£9B ss; A. and N.Z Bank (900), 33s 6d; Bank of N.S.W. (5), £32 15s; N.Z. Breweries (400), 41s 4id; N.Z Insurance (2540), £5 10s; South British Insurance (500), 49s 6d; D.1.8.A. ?l s Korma (200), 9s 6d; A.C.I. (100), 365; Broken Hill Proprietary (100), 35s 9d; Colonial Sugar (15), £3B 10s; Fletchers (100), 345, and 300 at 33s 9d; McKenzies (400), 13s; Toppa Ice (200), 6s 8d; Woolworths, Sydney (800), 15s. Unlisted: Alex. Harvey, rights (440), 12s. WELLINGTON Sales.—National Savings Bonds. 13/9/54 (£ll 9s 2d) (6) £lO ss; National Savings Bonds, 13/10/54 (£ll 9s 2d) (19). £lO ss; N.Z. Breweries (50), 41s 3d; 21 per cent., 1/10/53 (£1000), £9B 10s; 3 per cent 1961-63 (£400), £9O ss; 3 per cent.,' If 61 ?® 3 (£1355), £9O 10s; Commercial Bank of Aust. (100), 18s 6d; Wellington Z? an (230) ’ £5 10s J Taupo Totara. rights (<>94, 3 sales), 4s 6d; Turnbull and Z 3B ®)’ 32 s Woolworths, Sydney Ix22’ 2 s , a J. e ~ s *’ 15s ; 3 per cent., December, £97; 3 per cent., 1955-58 Z 95 ss: 31 per cent - 1957-60 (£600), £94; National Bank of N.Z. (50). 61s 6d; Gear Meat (300), 25s 6d; Consolidated Brick (170) 9s 6d; Dunlop, N.Z., pref. (200), 16s 3d. Sale Reported.—Late Monday: 3 per cent., 1951-54 (£250), £9B 7s 6d. o DUNEDIN , A. and N.Z. Bank (400) (late Monday), 33s 6d; Electro. Zinc, 25s 6d: 3 P er cent., 1960-63 0) ’ £90 > 3 « P er cent., 1957-60 (£6000), £94; A. and N.Z. Bank (900, 2 sales), 33s 6d, end 200 at 33s 7d; National Bank of N.Z. (100). 61s 6d. OVERSEAS EXCHANGES SYDNEY Widespread irregularity developed on the exchange yesterday, when share losses exceeded gains. Sa.’es.—Broken Hill Proprietary, 41s; Drug Houses, 33s 9d; Dunlop, 295; Colonial « g 2F’ J? ew ' 43 10 s; Goldsbrough, 38s; Morts Dock, 20s 6d; Woolworths, 17s 6d; Moiint Lyell, 23s 6d; New Broken Hill, 29s 7Jd; South Broken Hill. 61s; Ampol, 8s 8d; Electro. Zinc, pref., 28s 3d; G. J. Coles, 16s; Yarra Falls, 38s 9d. MELBOURNE Falls outnumbered rises on the exchange by about two to one, but price variations were mainly small and sales were light. Sales.—A. and N.Z. Bank, 395; Commercial Bank, 21s 6d; Australasian Paper, 22s lid; Aust. Consol. Ind., 435, and contributing, 28s 6d; British Tobacco, 325; Broken Hill Proprietary, 41s 9d; Courtaulds, 20s 4d; Drug Houses, 33s 7d; Dunlop, 295; G. J. Coles, 16s; 1.C.1., 365, and contributing, 17s; New Zealand Forest, Woolworths, 17 S 6d; South Broken Hill, 60s 3d; Mount Lyell, 23s sd; New Broken Hill, 28s 6d; North Broken Hill. 72s 6d; Oil Search, 3s 2d. LONDON Mining.—Broken Hill North, 51s 3d; Bro ke " Hill Proprietary, 325; New Broken Hill, 22s 10£d; Mount Morgan, 18s 4£d.

London Metal Prices.—Latest quotations from London are:—Tin: £953 10s spot; £941 10s forward. Lead: £B6 2s 6d, spot and forward. Tungsten is down 15s to £2O 10s a ton.

Sales Reported: Listed N.Z. Govt., 3 p.c. Stock, £ s. d. Var’n. 1960-62 (£200) 90 5 0 — N.Z. Insurance (50) N.Z. Farm. Co-op., 4y a 5 10 0 —1/Stock, 31/1/65 (£500) 97 5 0 — Booth, Macdonald (300) Fletcher Holdings (100) 0 6 0 N.C. (late sale, Monday) .. 1 14 0 + 9d 0 N.C. Woolworths, Ltd. (200) .. 0 15 The sale on Monday of Co-op. 4£ per cent, stock, at £97 5s, not £97 10s. N.Z. Farmers’ due 1960, was

CHRISTCHURCH QUOTATIONS Buyers. £ s. d. Sellers £ s. d N.Z. Government— 2i p.c., 1/10/53 .. 98 7 6 98 12 6 3 p.c., 15/9/52-55 .. 97 0 0 3 p.c., 15/5/53-56 .. 97 0 0 3 p.c., 15/12/53-56 .. 97 0 0 MM 3 p.c., 15/4/56-59 .. 93 15 0 —M 3 p.c., 15/11/57-60 .. 93 12 6 • 3 p.c., 15/8/59-61 .. 92 0 0 3 p.c., 15/4/60-62 .. 90 10 0 3 p.c., -15/4/60-63 .. 89 15 0 3 p.c., 15/7/61-63 .. 90 0 0 MM 3 p.c., 15/7/62-64 .. —— 90 0 0 34 P-C., 15/1/56-59 . . 93 17 6 3} p.C., 15/1/53-57 98 0 0 4 p.c., 15/6/52-55 .. 100 10 0 MM 4 p.c., 31/5/54-58 .. 101 0 0 Banks— Aust, and N.Z. 1 14 0 Comm, of Aust. .. 0 18 3 0 19 0 National N.Z. 3 0 0 N.S.W., c.d. 32 10 0 33 0 0 Breweries— Ballins, ord. 113 12 0 Pref. 10 6 110 Carlton 1 11 0 New Zealand 2 10 2 16 Coal— Pukemiro ., - - 1 13 6 Frozen Meat— Canterbury, pref. .. 7 0 & Gear — 16 0 Auckland . 0 6 3 Christchurch ., 0 16 0 10s paid .. 0 6 9 Insurance— F.A.M.E. 15 9 MM National 12 3 12 6 New Zealand 5 10 0 5 10 6 South British 2 9 3 2 9 6 Standard 3 19 0 Loan and Agency— Christchurch Build., c.d. — 17 5 0 Dalgety 0 10 6 Goldsbrough. Mort 1 14 9 Invincible Bldg. .. —_ 5 0 0 N.Z.F. Co-op. 0 11 3 1st Pref. 6 0 0 —M “A” pref. 4 10 0 MM “B” pref. 4 9 0 4i p.c. Stk., ’60 .. — 98 0 0 United Bldg. 0 19 0 Wright, Stephenson 2 15 3 Wright, Stephenson, pref. 13 0 Shipping— Union, pref. .. 16 0 __ Timber— Taupo Totara . • — 2 0 0 Woollens— Yarra Falls .. —— 1 17 6 Feltex 13 3 14 9 Kaiapoi, pref. 13 6 Korma. pref. — 0 16 0 Mosgiel 2 10 0 Lane, Walker, Rudkin, pref. 12 3 12 6 Timaru 14 0 Wellington — 8 12 6 Pref. —— 8 15 0 Miscellaneous— Amalg. Batteries 15 0 Ampol 0 8 0 Aust. C.I. mm 1 18 0 Beath and Co. 2 2 0 2 6 6 Booth, Macdonald mm 0 6 0 Broken Hill Pty., c.d. 1 15 3 1 16 0 Bruck Mile —. 10 0 Colonial Sugar — 39 5 0 Dom. Fert. 1 10 9 MM Donaghy’s Rope .. — 2 19 6 D.I.C., 10s paid .. 1 13 0 Dunlop Rubber 14 6 MM Dunlop, N.Z. 0 16 0 Pref. mm 0 17 0 Electro. Zinc, ord., c.d. 15 0 Pref., c.d. 14 0 14 3 Evans Atlas __ 110 Frozen Prod., X.d. 116 13 6 G. J. Coles 0 13 8 0 13 10 Howard Smith 13 0 15 3 Hay’s 3 6 0 H. J. Kearns 1 11 9 Holeproof — 0 6 0 Humes, N.Z., pref. 110 — J. Gadsden, pf. 110 MM Mason, Struthers, £1 paid 1 12 0 —— 14s paid 12 6 MM 10s paid 0 16 0 MM McLeod mm 2 11 0 Mid. Motor, pref. ■ ., 110 Nestles, pref. MM 1 13 0 J. Gadsden, ord. . . 15 6 N.Z. Forest Prod. 0 10 3 Norvic Shoes 0 15 0 Otago Daily Times 2 3 0 Reid Rubber 0 11 0 MM Silknit 0 18 9 . . Skellerup, pref. 110 Weeks, Ltd. 1 18 6 Whakatane, ord. .. 0 19 9 Whitcombe, Tombs — 12 5 Wool worths, ord. .. 0 14 9 0 15 0 N.Z., ord. MM 0 19 6 W. R. Cooke 0 7 0 Aust. Mining— Mount Morgan, pf. 0 16 0 0 19 3 Mining— Grey River MM 0 2 11 Martha 0 3 3 —— Austral, N.Z. 0 0 6 —- UNLISTED STOCKS Buyers. Sellers. £ s. d. £ s. d. Carbonic Ice MM 3 4 6 Empire Rub. Mills MM 3 3 0 Matea Forests 0 2 3 0 2 8 National Tobacco .. MM. 19 0 Prudential Bldg. .. MM. 110 Rotovators 12 0 Tingey, ord. 0 11 6 MM Victoria Mansions 12 0 MM Weeks (Wanganui), pref. .. MM 12 0 Watties Canneries, c.d. 2 0 0 —