COMMERCIAL

Press, Volume LXXXIX, Issue 26944, 21 January 1953, Page 11

COMMERCIAL

STOCK EXCHANGES BIG PARCELS OF LOANS CHANGE HANDS „P ire e parcels of Government stock of £l °w , or more changed hands on the Christchurch Stock Exchange yesterday, when Government stock turnover exceeded T7 o ?'- The issues traded were shortdated 3J per cent, and 4 per cent, loans, the latter realising just over their par value. Business in other sections of the market was quiet, but three New Zealand shares—Woolwolths (N.Z.), N.Z. Breweries, ana Fletcher Holdings—made good gains. DOMINION TRANSACTIONS

The sale of 3 per cent. December, S 3-56 - ?°£sS "tTm. sno 5 not 5 £ e 9 g O 1V eS ‘ er<iay W “ o , AUCKLAND m , e^yi?/53 » 2i per cent - (£200), £99 3 per cent - (£550). £99 10s; «y i2 / c s ?*\ s ?a’„ 3 per cent - <£s6o), £96 12s 6a, 15/11/57-60, 3 per cent. (£265), £93, and £2OO at £93 2s 6d; 15/8/59-61, 3 per : ?l n^J£6oo) ’ £93 « 15/4/60-63, 3 per cent. ! $5222b f 9O 15s « z 15/9/57-60, 31 cent. ■ (£740), £95; Dominion Breweries (142), 6 1 : N.Z. Breweries (200), 39s 9d, and < 10 °. at 40s; N.Z. Insurance (250), £5 7s, : *" d 5° ®!. £s 7s 3d : South British (50), ; c Bs 9d: ,£ H - Pty ‘ (800) - 368 3d; colonial Sugar « ( * 6) ’ £3a ss: Electro. Zinc, pref. (200). 24s 9d; Fletchers, “B” pref. (400), 20s 6d; Coles (200), 14s lid; Hill and r, 1 n U /? n \ e . r ' /200) ' 34s 6d: Earm. Fertiliser (100), 34s 6d; Forest Products (1400), 10s, and pref. (500), 13s 3d; Niven, new (50), 525; Woolworths, Sydney (200), 14s 9d, and 200 at 14s 7d. Unlisted: Alex Harvey, new (100), 46s 9d; J. Wattie Canneries, rights (100), ss.

WELLINGTON Sales.—3 per cent., 1961-63 (£l9OO, 3 sales), £9O; N.Z. Breweries (300), 39s 9d, and 100 at 40s; Fletcher Holdings (100), 27s 3d; N.Z. Forest Products (200), 10s; Woolworths, N.Z. (100), 18s; Woolworths, N.Z. Properties, pref. (600, 2 sales). 21s 3d : J „ J - Niven (100, old), 545; Ampol (395), 8s; Humes, N.Z.. pref., old (100), 20s 9d and new (500), 20s 6d; Wool worths, Sydney (900, 3 sales), 14s 7d; J. Wattie Canneries, rights (57), 4s, and 634 46 sales) at ss. Sales Reported (late Monday) .—3 per cent 1952-55 (£3OOO, 3 sales), £9B; Dominion Breweries (100). 60s 9d; N.Z. Breweries (100), 39s 9d; G. J. Coles (400), 15s; J. J. Niven, fully paid, new (40), 525; N.Z. Forest Products (500), 10s. , DUNEDIN Sales.—N.Z. Breweries (200), 39s 9d; K.P N.Z. Drug (25), £5 3s. Unlisted: Mackintosh, Caley, Phoenix (100), 295. Sales Reported.—N.Z. Insurance (100), £5 6s; J. Gadsden, pref. (100), 21s 6d; K.P. N.Z. Drug (50), £5 4s. INVERCARGILL Sale Reported.—Southland Frozen Meat (300), 595. OVERSEAS EXCHANGES SYDNEY The easing tendency continued in fairly active trading on the exchange yesterday. Sales.—Tooheys, 265; Tooths, 725; Amalgamated Wireless, 31s 6d; Aus. Paper, 20s; Aust. Consol. Ind., 44s 3d; 8.H.P., 43s 6d; Electro. Zinc, 31s 9d; G. J. Coles, 17s 10|d; Goldsbrough, 395; Howard Smith, 30s 3d; Mauri Brothers, 51s; 4 Morts Dock, 22s 6d; North Broken Hill, 72s 6d; Bank New South Wales, £39 10s; Associated Newspapers, pref., 18s; British Tobacco, 36s 3d; Bums, Philp, 59s 3d; Colonial Sugar, £44 17s 6d; Drug Houses, 35s 4jd; Henry Jdnes, -58 s; Mount Morgan, 24s 4jd. MELBOURNE Trading was quiet and a slightly easier tendency was evident. Sales.—Goldsbrough, 38s 9d; Aus. Paper, 20s 2d; 8.H.P., 43s 6d; Drug Houses, 35s 4d; Electro. Zinc, pref., 29s lid; Feltex, 265; Herald, 16s 6d; Yarra Falls, 395; Mount Isa. 49s 6d; Mount Lyell, 20s sd; New Broken Hill, 29s sd; North Broken Hill, 72s 6d; Loloma, 295; Mount Morgan, 24s 3d, and pref., 21s 6d; Western Mining, 14s 7d.

A.MP.’s Record Year.—Record new business was again written by the A.M.P. Society last year, when new policies were issued for more than £108,700,000, says a report from the society. Completions in the ordinary department totalled more than £97,670,000 (an increase of some £5,097,000 over 1951), and industrial department completions exceeded £11,000.000 (an increase of some £2,215,000 over 1951). reports that approximately £107,372,000 or about 98.8 per cent, of the total business, was written in Australia

CHRISTCHURCH SALES ON ’CHANGE LISTED N.Z. Govt. 31 p.c. Stock, 53-57 (£500) . 97 10 0 — N.Z. Govt., 4 p.c. Stock, 52-55 (£400) 100 5 0 — Fletcher Holdings (100) G. J. Coles (300; 200) 17 6 +4jd 0 15 0 N.C. _ • _ SALES REPORTED LISTED N.Z Govt., 3J p.c. Stock, 53-57 (£2280) 97 10 0 — N.Z. Govt. 4 p.c. Stock, 52-55 (£2125) 100 5 0 — N 4 P c - Stock, _54-58 (£1040) 100 5 0 — N.Z. Breweries (150) 1 19 9 4-9d Woolworths (N.Z.) (100) 0 18 9 4-1/-SALES REPORTED UNLISTED Watties Canneries, rts. -u'? 1 ?’,. ... - 0 5 0 —

CHRISTCHURCH QUOTATIONS N.Z. Govt.— Buyers. £ s. d. Sellers £ s. d 2j p.c., 1/10/53 . 99 10 0 M 3 p.c., 15/9/52-55 . 98 0 0 3 p.c., 15/12/53-56 . 96 7 6 96 10 0 3 p.c., 15/4/60-83 . 90 10 0 3 p.c., 15/6/61-64 91 0 0 3 p.c., 15/7/62-54 ’ 89 5 0 90 15 0 3 p.c., 15/7/63-65 . 89 5 0 90 0 0 3 p.c.. 15/5/64-66 . 89 10 0 3i p.c.. 15/1/53-57 . 97 5 0 4 p.c., 15/6/52-55 . 100 0 0 100 5 0 4 p.c., 31/5/54-58 . 100 0 0 BanksAust., N.Z. . 1 13 3 1 13 9 Comm. Aust., c.d. 0 19 0 Comm, of Sydney 18 10 0 N.S.W. . 31 15 0 32 10 0 Breweries— Ballins. ord. . 113 . Pref. . 1 0 10 110 New Zealand . 1 19 3 1 19 6 Frozen MeatCanterbury . 18 0 0 MM ' S Gas— Chch., c.d. . 0 15 0 0 16 3 InsuranceNational mm 116 South British 2 8 6 Standard 3 14 6 Loan and Agency— C.F.C.A., ord. . 16 0 19 0 Dalgety Nat. Mort., '*A, . 0 9 3 0 9 5 c.d. . 0 8 0 MM *'B,” c.d. N.Z.F. Co-op. 0 12 0 2 2 6 1st Pref. . 6 0 0 MM "A” Pref. . 4 12 6 MM “B” pref. . 4 12 0 MM S.I. Finance mm 18 0 United Bldg. MM 10 3 wright, Stephenson, « pref. . 12 3 12 9 Shipping— P. and O. . 2 15 0 MM Union, pref. MM 15 1 Timber— Parker, Lamb . 0 5 4 MM Woollens— Kaiapoi MM 12 0 Mosgiel mm 2 9 0 L. W., Rudkin, pre f. 1 1 9 12 0 Timaru 12 6 Miscellaneous— Amalg. Batteries . 13 9 MM Ampol MM 0 8 0 Aulsebrook, pref. . 119 12 0 Amalg. Wire . 17 0 Beath and Co. MM 2 2 0 Is paid MM 0 15 0 Beggs Booth. Mac. I 0 3 7 1 18 0 0 5 0 Broken Hill Pty. . 1 16 3 1 16 9 Claude Neon . 2 0 0 MM Colonial Sugar • 38 0 0 39 0 0 Donaghy’s Rope — 2 19 0 D.I.C.. 10s pd. . 13 0 15 0 Elec. Zinc, pref. . 15 0 Farmers MM 1 12 6 Fletchers • 17 4 B Pref. . 10 3 MM G. J. Coles . 0 14 10 0 15 0 Hallensteins . 17 6 H. Berry, pref. . 10 6 MM H. Smith . 15 0 16 0 Hay’s MM 3 8 6 Humes MM 1 12 0 N.Z., pref. . 10 9 I.C.I.A.N.Z. 1 10 9 J. J. Niven — 2 15 0 K.P. Drugs — 5 5 0 Mas., Struthers, £1 1 12 6 MM 14s paid . 12 6 MM 10s paid . 0 17 0 MM McKenzies . 0 18 0 MM Milburn Lime _ MM 17 6 15s paid . 0 18 3 Nat. • 0 11 6 ♦. 3 18 0 N.Z. Forest Prod 5. 0 9 9 . M— Quill, Morris MM 10 0 Simpson and Wil. 2 15 9 3 10 Skellerup, pref. MM 10 9 Turnbull and J. MM 1 11 0 Weeks MM 2 2 0 Whakatane. pref. MM 116 Whit, and Tombs . 0 19 6 1 10 W’worths. ord. . 0 14 7 0 14 11 (N.Z.), ord. . 0 18 6 Prop., pref. . 113 11 6 W. R. Cooke . 0 7 6 Zealandia Mill. . 1 10 0 MM Australian MiningMount Lyell MM 0 19 0 Mining— Grey River . 0 2 0 0 3 3 Waihi Invest. MM 0 3 6 Austral. N.Z. . 0 2 6 0 3 9 UNLISTED STOCKS Buyers. Sellers. £ s. d. £ s. d. Andrews and Bea ven, pref. MM 10 6 A; and T. Burt, p 116 Buntings 16 0 1 10 0 Canty. Seed M— 1 13 0 John Chambers 1 14 ,3 Mac., Caley, Phoe nix MM 1 10 0 Matea Forests 0 2 0 0 2 3 N.Z. Fisheries 0 5 0 0 10 0 Prudential Bldg. 10 6 Regent Theatre 0 12 0 Rink Invest. MM 1 12 0 Ross and Glendin 2 4 9 2 5 0 Scales “C” pref. 0 5 0 Tudor Hosiery 1 1 0 Tekau Knitwear MM 16 0 Victoria Mansion. 5 16 0