COMMERCIAL

Press, Volume LXXXIX, Issue 27047, 23 May 1953, Page 8

COMMERCIAL

STOCK EXCHANGES

IMPROVEMENT MAINTAINED A moderate turnover was recorded on the Christchurch Stock Exchange yesterday. The bulk of the dealings was in industrials and chain stores. Prices of most stocks dealt in showed improvement, and there were no price falls. DOMINION TRANSACTIONS

AUCKLAND Sale*.— £lsoo 3) per cent. Stock, 1957-80, £96 7s 8d: 1987 Auckland Gas, 9s; 200 South British Insurance, 91s; 1050 Northern Steam, 11*, and 409 new, 10s 9d; 700 Booth, Macdonald, 4c 3d; 9 Colonial Sugar, £36 ss; 2400 Fletcher, 28s 3d; 200 McCaskey, pref., 17s 9d; 500 Forest Products, 10s; 1000 Wilson’s Cement, 12s sd, and 200 new, 12s 4d, 300 12s 3d. WELLINGTON Sales.— Late Thursday: £BOO 2} per cent., 1/10/93, £99 17s 6d; 200 National Insurance, k22s 3d; 500 Ampol, 6s lid; 500 N.Z. Forest Products, 10s; 200 Woolworths, Ltd., 14s 2d. Yesterday: 150 John Duthie Holdings, 32s 6d; £250 3 per cent., 1960-63 (£9l 10s), £9l 10s; 100 Gear Meats, 25* 6d; 100 National Insurance, 22s 3d; 200 A. and NJZ. Bank, ex 32s 6d; 5 Colonial Sugars, ex, £36 10s; 400 Fletchers, cum. 28* 3d (2 sales); 800 Woolworth!;, Ltd., 14* 2d. After call: 300 N.Z. Refrigerating, contr., 16s 3d; 1000 Broken Hill Proprietary, 35s (2 sales): 300 G. J. Coley, 14s (2 sales); 200 Henry Berry, ord., 22s 6d; 193 J. J. Niven, new, 565; 900 Woolworths, Ltd., 14s 2d; 200 Fletcher Holdings, cum, 28s 3d; 100 Fanners’ Trading, cum, 40s.

DUNEDIN Sale*.—loo National Mortgage “B," 395. Sale* Reported.—3oo National Insurance, late, 22s 3d. and 200, late, 22s 4ld; 400 Dalgety, 10s 9d; 500 Ampol Petroleum, 6s lid; 35 South Freezing, £7; 100 N.Z. Express. 200 Otago Daily Times, 44s 6d; 200 N.Z. Paper Mills, 32s 6d; 9 Colonial Sugar, £36 9s.

INVERCARGILL Sales Reported.—2oo National Insurance, 22s 41d; 115 Forest Products, pref., 15s; 200 John Chambers, 245, and 300, 235; 35 South Otago Freezing Co., £7. OVERSEAS EXCHANGES SYDNEY Price rises exceeded falls in the ratio of more than three to one in a sudden advance by the Sydney sharemarket yesterday. , ® a J’ s -’~Ampol, 8s sd; Anthony Hordern, 1W 6d; Australasian Paper, 18s 6d; A.CX, SW: Brit 'sh Tobacco. 34s 9d; Broken HM Proprietary, 41 s 9d; Colonial Sugar S. 43 6d: David Jones, 4s; Electrolytic Zinc, 28s, and pref., 26s 3d; Fairymead Sugar, 375; Felt and Textiles. 255; General Industries, 345; Woolworths, 17s lid; W. R. Carpenter, 13s 9d; North Broken Hill. 2?’ Broken Hill, 555; Emperor, 10s 6d; Oil Search, 2s 3d. MELBOURNE Ji® in i* l * investment section of the Melbourne Stock Exchange yesterday covered a wider range of stocks at firm prices. .^•tes.— Ampol, 8s 7d; Australasian Paper, 18s 6d; Bradford Cotton, 34s 9d; British Toi>««». Sta lid; Broken HiU Proprietary, 4U ?d; Drug Houses, 32s 4d; Dunlop, 295: Electrolytic Zinc, 28s 3d, and pref., 26s 3dColes, J? 8 10d: Howard Smith, pref., 22s mil Woolworths, 17s; Broken Hill South, 54s 6d; Emperor. Ils; Oil Search, 2s 3d. LONDON —Consolidated 2J per cent., m 8 ’ Funding Loan, 4 per cent., £99 XOs, War Loan, 31 per cent., £81; Conversion Loan, 3L per cent., £B2; Victory Bonds, 4 per cent., £102; Commonwealth. 3} per cent., £92 10s; Commonwealth, 31 per cent., 1956-61, £94 10s; Commonwealth 31 per cent., 1965-69, £BB 10s; common, wealth. 3 per cent., £96; South Australia, 3 per cent., £69; New Zealand, 3 per cent., £lOO 10s. Minings.—Broken Hill South, 41s 3d: Consol. Zinc, 24s 6d; New Guinea, Is 4jd

CHRISTCHURCH . Sales oa 'Change Listed £ s. d. Var’n. 100 Christchurch Gas 0 16 3 4-3d 5 Colonial Sugar .. MO Fletcher Holdings 36 5 0 N.C. "B," pref. (4 sales) 1 1 6 +6d 000 McKenzies, Ltd. (2 sales) 0 13 9 N.C. 100 Turnbull Jnd Jones, new 1 15 • ■a* Sales Reported, Listed £2000 N.Z. Govt.. 3 p.c. Stock, 02-04 450 N.Z. ' Breweries, 91 12 e — c.d. 2 0 0 +3d 200 Fletcher Holdings, c.d. 1 8 41 -Mid 200 Otago Daily Times 2 4 6 BOO Woolworths, Ltd. 0 14 2

CHRISTCHURCH QUOTATIONS Buyers, ‘Sellers. N.Z. Govt."" £ s. d. £ s. d. 21 p.c., 1/10/53 .. 99 17 6 21 p.c., 15/8/54-55 .. 97 15 0 2J p.C., 15/5/55-58 95 5 0 95 12 6 3 p.c., 1/8/51-54 .. 99 10 0 3 p.c.. 15/8/52-55 .. 99 10 0 3 p.c., 15/5/53-56 M— 97 0 0 3 p.c., 15/12/53-56 .. ■MM 97 15 0 3 p.c., 15/2/55-58 .. 95 17 6 3 p.c., 15/8/59-61 .. 93 12 6 3 p.e., 15/4/60-62 .. •MM 92 7 6 3 p.c., 15/4/80-63 .. ■MM 92 0 0 3 p.e., 15/7/62-64 .. w— 91 15 0 3j p.c., 15/1/53-57 .. 99 5 0 3i/5/54-5fl .. 101 0 0 — Aust and N.Z. __ 1 12 6 Comm, of Aust. .. 0 17 9 ,0 18 3 Com. of Sydney .. 17 5 • 1 — E., S., and A. .. 5 0 0 Natl. of A'sia., £1 1 *6 0 12» 6d 0 16 0 Natl. N.Z., x.d. .. 3 2 0 N.S.W. 31 10 0 33 O o Brewerie*— Bailing, ord. .. 1 2 3 M— Pref. 1 0 8 Dominion 3 8 6 —M New Zealand .. 2 0 0 ■MM. Frozen MeatCanterbury .. 19 0 O ■IM Pre** •• — •• • • 0

Buyers. Sellers. £ s. d. £ A d. Gear aa 1 S 0 1 3 • N.Z. Refrig, 20s aa 1 13 0 a— Canty., pf. • • 1 1 1 —• Christchurch 0 18 0 0 18 3 10s aa —aa 0 8 2 Timaru Insurance— •• 1 3 3 — National 1 3 3 *a New Zealand aa— 8 17 8 Standard a* aa* 4 0 0 Loan and Agency— C.F.C.A„ ord. 1 8 3 Pref. 2 17 6 a—a Dalgety .. Golds., Mort, e.d. 0 10 1 10 0 3 0 11 0 Inv’ Bldg. a a a* 4 19 0 Mutual Benefit National Mort., " 1 s 3 < • c.d. a * 0 7 • ■M “B,” c.d. 1 18 3 —a* N.Z.F. Co-op., First pref. ~'A" pref. 8 8 0 aa* * a aa— 4 13 0 •■B" pref. . a aa— 4 13 0 4) p.c. Stk., '60 a . 95 5 0 4J p.c. Stk., *55 95 5 0 N.Z. Guarantee a a 0 2 i a** Perm. Invest. 10 IS 0 a__ South Island Fin. 1 4 8 a—a United Building - a 0 18 8 Wright, Stephenson 2 18 0 2 19 3 Pref. 1 2 9 *a Shipping— Northern, ord. aa a—a 0 11 8 P. and O. ** aa* 2 17 0 Union, pref. Woollens— •• 1 4 8 1 S 0 Bruce * * 1 15 3 Jacquard aa —aa 1 3 3 Kaiapoi, 17s pd. a a 1 2 0 Pref. 1 2 8 a Korma Text. (N.Z.), ord. a—a 0 9 0 Korma, pref. 0 14 0 0 14 3 Lane. Walker, Rudkin a a 2 15 0 3 2 6 Pref. a a 1 2 3 Mosgiel .. a. 2 8 8 Timaru 1 1 2 1 3 • Wellington a a 8 12 6 Pref. Aa 8 12 8 —*a Miscellaneous— Amalg. Batteries Aulsebrooks, pf. 1 4 1 2 O 4 — Aust. C.I. Avon Metal »a 1 15 3 1 18 3 0 16 0 Beath and Co. 2 4 0 3 8 0 Begg’s aa 1 17 0 Booth Mac. a a 0 4 2 0 4 8 British Tobacco 1 83 Broken Hili Pty. .a 1 14 9 1 15 0 Burns, Philp - a 2 2 0 Claude Neon, N.Z. 2 2 1 Colonial Sugar Consol. Brick 36 0 0 36 10 0 0 9 3 0 10 9 Dominion Builders 0 11 3 Dom. Fertiliser a a 1 10 0 —_a Donaghy’s Rope a a 3 3 0 D.I.C. a a 1 3 0 Pref. a a 1 2 9 a— Elec. Zinc, ord. aa 1 3 3 1 4 6 Pref. a a 1 1 9 1 3 6 Fletcher Holds. a a 1 8 3 “B” pref. 1 1 5 1 1 8 Frozen Products 0 7 0 G. J. Coles aa 0 14 0 0 14 3 Greater Crystal aa 1 0 0 1 2 8 Hallensteins 1 7 6 Hay’s 3 7 9 — Humw, N.Z. pref. 1 1 3 1 1 9 H. J. Kearns **a 1 5 0 I.C.I. A. N.Z. aaaw 1 10 6 J. Gadsden, pref... 1 1 8 K.P. Drugs Mason Bros., pf. 5 5 0 1 1 0 —*. Mating, pref. PL 0 19’ 9 Math. Minst., 0 18 0 Mason, Struthers. £1 paid 1 12 9 McKenzies a a 0 13 7 0 13 9 Metters, N.Z. a a 0 9 3 Mid. Mot., pf. a a 1 0 0 — Milbum Lime 1 2 9 Morts Dock 0 16 0 0 17 0 Natl. Electric 4 9 6 N.Z.F. Fertiliser 1 17 3 Pref. 1 3 0 a— N.Z. Forest Prods. 0 10 0 0 10 3 Pref. 0 15 0 Norvic Shoes 1 0 • Otago Daily Times 2 3 3 2 4 9 Quill, Morris, 1936 1 0 0 Reid Rub., pf. 0 17 0 Relax, pref. a . 1 0 3 Sharland 2 4 0 Silknit 0 13 0 »Skellerup, pref. ala 1 0 4 - Tingey, pref. 1 5 0 Turnbull, Jones a A 1 17 0 New a a 1 14 9 1 15 9 Weeks, pref. 1 2 0 Whakatane, ord. 0 17 6 Pref. 1 0 9 Contg., pf. 0 4 6 Whit, and Tombs 1 0 0 W. and Jeff., ord. 1 10 o Wm. Cable 1 6 3 New a a 1 5 9 W’worths, ord. a a 0 >4 2 0 14 4 (N.Z.), ord. 0 19 0 0 19 g (N.Z.), pref. a - 1 14 0 Prop., pref. 1 1 9 W. R. Cooke 0 7 • Overseas Listings— W’worths.. S.A. Aust. Mining— •* 0 11 6 — Mount Lyell Mining—. •• 0 15 8 0 17 0 Grey River i - 0 1 10 0 2 7 Martha a — 0 2 Waihi Invest — 0 3 3 UNLISTED STOCKS Amberley Lime 0 19 Andrews and Beaven. pref. 1 1 3 New Bea ths (Is paid, on deposit) 1"3 1 1 1 12 3 8 1 1 9 Canty. Seed 1 13 Chch. Press aa— 12 0 N.Z. Motor Bodies. x.d. 1 18 o Prudential Bldg 1 1 0 Scales “C,” pref. 0 5 3 B pref. a a 0 18 0 Smith Wylie 12 Vic. Mansion •• 2 • •