COMMERCIAL

Press, Volume LXXXIX, Issue 26986, 11 March 1953, Page 7

COMMERCIAL

STOCK EXCHANGES MARKETS REMAIN FIRM Markets were again quiet on the Christchurch Stock Exchange yesterday. Few stocks were dealt in, and prices on the whole remained firm. Government issues were again in keen demand, but sellers were few. DOMINION TRANSACTIONS

AUCKLAND Sales.—ls/9/52-55, 3 per cent. (£250), £9B 12s 6d; 14/11/57-60, 3 per cent. (£2865), £93 15s; Auckland Harbour Board, 9/7/59, 44 per cent. (£300), £lOO 10s; Auckland Gas, 4J per cent. Perp. deb. (£500). £Bl ss; National Bank of A’asia., con. (400), 15s 4d; National Insurance (200), 21s; Wright, Stephenson (100), 545; Northern Steam, new (250), 8s lOd; P. and O. Def.. London reg. (355), 58s 9d; Korma, pref. (100), 14s 3d; British Tobacco (400), 28s; Consolidated Brick (300), 9s 6d; Farm. Trading (78), 32s 3d; Gear Meat (100), 255; McKenzies (100), 13s; Forest Products (200), 10s; Whakatane Board (100), 17s; Wm. Cable, new (150), 25s 3d; Wilson’s Cement (300), 12s, and con. (1000), 6s 4d. Unlisted: Maple Holdings, pref. (200), 21s 3d. WELLINGTON Sales.—3 per cent.. May, 53-56 (£250), £97 10s; J. J. Niven (100), 53s 6d; N.Z. Paper -Mills, two sales (400), 31s 6d; Gear Meat (100), 255; N.Z. Guarantee (2500), Is lljd; Consolidated Brick (200), 9s 9d; Woolworths, N.Z., two sales (700), 17s 9d. DUNEDIN Sales Reported.—4 per cent., 15/6/53-55 (£200). £lOO 10s; Bailins Brewery, pref. (200), 21s; N.Z. Forest Products, ord. (200), 9s lid; N.Z. Paper Mills (250), 31s 6d; Standard Insurance (57), 72s 9d. INVERCARGILL, Sales Reported.—l9s2-55, 3 per cent. (£250), £9B 12s 6d. OVERSEAS EXCHANGES SYDNEY The new-found steadiness of the Sydney sharemarket showed signs of consolidation in a more active session yesterday. Sales.—Bank of New South Wales. £37 10s; Tooheys, 26s 10id; Tooths, 70s 6d; Associated News, 14s 6d; Australasian Paper, 19s; A.C.1., ex div., 44s 6d; British Tobacco, 34s 9d; Colonial Sugar, £45 2s 6d; Electrolytic Zinc, 28s; Felt and Textiles, 27s 6d; Coles, ex div., 17s 6d; Morris Hedstrom, 51s 6d; Winchcombe Carson, ex div., 34s 7Jd; Mt. Isa, 48s; Broken Hill Pty.. 425; Burns Philp, 575; Courtaulds, 22s 6d; Drug Houses, 37s 6d; Dunlop, ex div., 30s 4Jd; Goldsbrough, Mort, 395; New Broken Hill, 265. MELBOURNE The investment market was quiet but steady at Melbourne yesterday. A moderate turnover was recorded in the mining section, but no definite trend was indicated. Sales.—Comm. Bank of Australia, 225; Australasian Paper, 18s lOd; A.C.1., 445; British Tobacco, 355; Broken Hill Pty., 425; Courtaulds, 22s 9d; Dunlop, 30s 7d; Electrolytic Zinc, 27s 9d; Coles, 17s 6d; Imperial Chemicals, pref., 20s 4d; Gordon and Gotch, 21s 6d; Myer, 8s sd; Mt. Isa, 48s; Mt. Lyell, 20s 8d; Loloma, 26s 9d; Mt. Morgan, 24s 6d; Oil Search, 2s 4d. LONDON Minings.—Consolidated Zinc, 27s 3d; New Broken Hill, 19s 10Jd;_ Mount Lyell, 16a; New Guinea, Is 6d. CHRISTCHURCH QUOTATIONS

THIRD AUCKLAND WOOL SALE PROSPECTS CONSIDERED FAVOURABLE (New Zealand Press Association) AUCKLAND, March 10. Auckland's third main wool sale of the current season will be held on Friday, when 30,671 bales will be offered. Mr H. Duke, chairman of the Auckland W«Sol Brokers’ Association, said today that the wool had opened up well and a good sale was indicated. Wool stores in the city are now taking offerings for the next Auckland sale to be held on May 4 and 6. COMPANY NEWS Beath’s Interims.—The directors have declared an interim preference dividend of 2J per c6nt. and an interim ordinary dividend of 64 per cent, for the half-year ended February 19. It is payable March 27—ex March 14. Matheson Minster.—This company notifies an interim preference dividend of 2i per cent, (free of social security tax), payable March 19. Books closed March 9 to 19—ex March 10.—(P.A.) McDonald’s Wines.—The directors of the company have decided to pay an interim dividend of 2J per cent, on the 25,000 cumulative preference shares in the capital of the company, covering the six months’ period ending March 31. LONDON METAL MARKETS (N.Z. Press Association—Copyright) LONDON, March 9. Latest London metal prices are:— Buyer Seller

CHRISTCHURCH Sales Reported: Listed £ s. d. Var'n N.Z. Govt. 4 p.c. Stock, 1952-55 (£600; £400) 100 10 0 — N.Z. Refrigerating, fully paid (200) .. 1 11 3 N.C* N.Z. Guarantee Corpn. (2500) .. .. 0 111 - . Colonial Sugar (10) .. 37 0 0 N.C. McKenzies (100) .. 0 13 0 — 4d Wm. Cable Holdings (late sale Monday) (300) .. 1 5 9 N.C. Wilson's Cement, new, fully paid (1500) 0 11 9 —

Buyers. £ s. d. Sellers. £. s. d N.Z. Govt.— 2J p.c., 1/10/53 . 100 2 6 — 2J p.c., 15/8/54 97 0 0 —« 2J p.C., 15/6/54-55 . 97 5 0 — 3 p.c., 1/8/51-54 . 98 7 6 —• 3 p.c., 15/5/53-56 . 97 5 0 — 3 p.c., 15/12/53-56 . 97 0 0 — 3 p.c., 15/2/55-58 . 95 5 0 —m 3 p.c., 15/4/56-59 . 95 0 0 — 3 p.c., 15/11/57-60 . 93 10 0 3 p.c., 15/8/59-61 . 92 7 6 92 10 0 3 p.c., 15/4/60-62 . 92 10 0 —— 3 p.c., 15/7/61-63 . 90 12 6 — 3 p.c., 15/6/61-64 . 90 0 0 —- 3 p.c., 15/7/63-65 . 90 0 0 m— 3 p.c., 15/5/64-66 . 90 5 0 —— 3A p.c., 15/1/56-59 . 95 10 0 — 3i p.c., 15/9/57-60 . 95 10 0 — 3i p.c., 15/1/53-57 . 98 0 0 4 p.c., 15/6/52-55 . 100 7 6 100 12 6 Banks— Aust, and N.Z. 1 12 0 1 13 6 Comm, of Aust. . — 0 18 9 National of N.Z. . 3 4 0 3 6 0 N.S.W. 31 0 0 31 17 6 Breweries— Ballins, ord. 12 9 13 0 Dominion 3 5 6 —— New Zealand 1 18 6 1 19 3 Tooths — 2 18 6 Frozen Meat— Canterbury — 20 0 0 N.Z. Refrig. 1 11 3 1 11 6 10s paid 0 15 0 0 15 6 North Canty., pf. . 110 12 0 Southland 2 18 0 —— . Gas — Christchurch 0 15 9 0 16 0 10s paid . 0 6 3 0 7 0 Timaru 0 19 0 10 3 Insurance— National 110 116 South British 2 9 3 2 10 0 New Zealand 5 11 0 5 11 6 Standard 3 12 6 3 14 6 .Loan and Agency— C.F.C.A., ord. 15 0 17 6 Stock —— 100 10 0 Dalgety 0 9 8 0 10 2 Invincible Bldg. . —— 4 19 0 Mutual Benefit 15 0 N.Z.F. Co-op. 0 11 10 0 12 3 A pref. —— 4 15 0 B pref. • . — 4 15 0 41 p.c. Stk., 1960 95 0 0 m— 4J p.c. Stk., 195 95 0 0 — 4J p.c. Stk., '62 . — 98 0 0 Perm. Invest. 10 15 0 South Is. Finance — 17 0 Wright, Stephenson — 2 14 0 Pref. 1 »2 3 —. Timber— Kauri 14 0 Parker, Lamb 0 5 6 — Woollens— Bruce 1 15 0 1 17 6 Feltex 12 6 13 3 Felt and Textile (N.Z.) .. 14 9 — Kaiapoi 110 — L., W., Rudkin 2 11 3 ■ Pref. — 12 0 Oamaru 1 18 6 — Timaru 116 12 0 Miscellaneous— Amalg. Batt. 13 9 — > Ampol 0 6 6 0 7 9 Andersons, 1st pf 110 — Aulsebrook, pf. . 12 0 — A.W.A., rights 0 8 9 MM Avon Metal — 0 17 6 Beath and Co. 2 10 — Beggs — 1 18 0 Booth, Mac. 0 5 0 0 5 6 B.H.P. 1 14 3 1 15 0 Colonial Sugar 36 17 6 37 17 6 Consol. Brick 0 9 4 — Courtaulds 0 18 3 0 19 3 D.I.C., 10s paid . 13 0 13 9 Pref. 12 6 — Dunlop, N.Z. 0 14 0 — Electro. Zinc, pf. . — 12 6 Fletcher' Hold. — 18 3 B pref. 10 6 110 Frozen Prod. — 0 6 9 G. J. Coles 0 14 0 0 14 4 Henry Berry 1 1 6 —— Pref. 110 116 Hay’s — 3 7 0 H. J. Kearns — 18 0 Humes. N.Z., pref 116 12 0 I.C.I., A., N.Z., con 0 14 0 MM J. Gadsden, pref. . 113

Buyers. £ s. d. Sellers. £ s. d K.P. Drugs 4 18 6 MM McKenzies 0 13 0 McLeod 2 7 0 .— Mid. Mot., pref. .. 1 0 9 Milburn Lime, 15s —— X) 19 0 M.K. Mfrs. 0 12 8 Morris Hedstrom .. 2 2 0 2 4 6 N.Z. For. Prod. .. 0 9 10 0 10 3 Norvic Shoes MM 0 19 9 Otago Daily 2 3 9 2 4 6 Quill, Morris 0 19 0 1 0 3 Reid Rubber 0 13 0 — Tingey, pref. — 1 5 6 Weeks, pref. 0 — Whakatane, ord. .. 0 16 9 0 18 0 • Whit, and Tombs .. 1 0 0 1 1 0 Wm. Cable 1 5 9 MM Wilson Malt —- 1 4 0 Wil. Cement, new 0 11 6 0 12 0 W’worths., ord. 0 13 9 0 14 0 N.Z., ord. 0 17 6 0 17 9 Prop. (N.Z.), pf. — 1 2 0 Zeal. Mill 1 10 0 Mm Aust. Mining— Mount Lyell ___ 0 18 0 Mt. Morgan, pref. 0 17 0 Placer 16 0 0 Mining— Arahura .. .. 0 18 6 1 5 0 Grey River 0 2 0 0 3 0 Martha 0 1 3 0 1 7 Austral N.Z. 0 3 0 — UNLISTED STOCKS Ass. Mot. Pet., pf. 1 9 6 MM Beaths (Is pd., 19s deposit) 1 11 6 Canty. Seed, N.Z. .. 1 13 6 Carbonic Ice — 3 5 0 Consol. Brick, pf. 0 17 0 Mac., Caley, Phoenix 1 8 6 1 10 ,6 Matea Forests 0 2 0 MM Masonite Def., 2s 6d pd. — 2 18 0 N.Z. Fisheries — 0 10 0 N.Z. Motor Bodies — 2 0 0 Prud. Bldg. — 1 0 6 Reece, Ltd., E., pf. 0 11 6 —— Rink Invest. —— 1 12 0 Scales “C,” pref. .. 0 5 0 MM Smith, Wylie _m 1 2 6 Tekau Knitwear .. 1 4 0 Victoria Mansions 1 6 0 — Watties, new, fully paid — 1 16 3

Tin— £ s. d. £ s. d. Spot .. .. 958 10 0 959 0 0 Forward .. 941 0 0 941 10 0 Spot .. .. 91 10 0 92 10 0 Forward .. 89 0 0 89 10 0 Zinc— Spot .. .. 79 5 0 79 7 6 Forward •• 19 S> 0 79 7 6