COMMERCIAL

Press, Volume LXXXIX, Issue 27050, 27 May 1953, Page 14

COMMERCIAL

STOCK EXCHANGES MARKETS MAINTAIN SOLID FRONT Markets were active on the Christchurch Stock Exchange yesterday. Business was widely spread and prices fnostly continued to move in sellers’ favour. Three transactions took place in Bank of New South Wales shares at the improved price of £32, and the market closed-with sellers asking £33, and buyers offering £3l. Buyers for breweries advanced their offers for Baltins preferences and New Zealand, but sellers were not interested. Frozen Meats again presented a solid front, and there was a sale on 'change of New Zealand Refrigerating contributings at the unaltered price of 16s 3d, with reported sales of Gear Meat, at 23s 6d and Southland at 60s 6d, unchanged. New Zealand Insurance were a little easier on quotations, and there was a reported sale of South British 3d down at 51s. In the loan and agency section there were better buyers for both issues of New Zealand Farmers' Co-operative secured deposit stock, and there was a reported sale of Dalgetys at 10s 9d—6d down—the market closing, buyers 10s 3d. and no sellers. Better buyers appeared for a numbei of leading miscellaneous stocks, but sellers in a number of cases did not quote. The more favourable tone of the Australian market was reflected in the upward tendency of several chain store issues. Buyers for G. J. Coles advanced their offers from 14s to 14s 3d, at which figure four parcels changed hands, and buyers were prepared to carry on at that price, but sellers were Id away. Woolworths, Ltd., were fairly active, sales taking place, up to 14s 6d, showing an advance of 3d. with furither buyers at the same figure. Buyers for Woolworths New Zealand raised their bids to 19s 4d, but sellers hung on for 19s 9d. Government loans were not very active on 'change.

AUCKLAND Sales.—£9Bs 3 per cent. Stock, 1952-55. £9B; £2OO 3 per cent. Stock. 1960-62, £92 10s; £l2OO 3 per cent. Stock. 1960-63, £9l 10s; 10 Bank of N.S.W., £32; 150 Pukemiro, 295; 100 National Insurance, 22s 6d; 400 South British Insurance. 50s 9d; 100 A.CX, 36s 9d: 200 Broken Hill Proprietary, 355; 600 Fletchers, 28s 3d; 300 Coles, 14s 3d; 100 Farmers' Fertiliser, 395; 200 Reid Rubber, Ils 6d, and 500 pref., 17s 3d; 200 Toppa Ice, 5s 3d; 300 Wilson's Cement., contr., Os lOd; 200 Wool worths, Ltd., 16s 6d. Unlisted: 100 Ross and Glendining, 48s 6d; 120 Winstone. 365. WELLINGTON Sales.—£3oo 3 per cent. Stock, 1952-55, £9B 2s 6d; £4OOO 3 per cent. Stock. May, 1953-56 (2 sales). £95 17s 6d; £lOOO 3 per cent. Stock, 1955-58, £96; 200 N.Z. Breweries, cum, 40s; 400 G. J. Coles (2 sales). 14s 4d; 550 Gear Meat, 25s 6d; 150 Union Steam, pref., ex. 24s 6d; 200 Woolworths, Ltd., 14s 7d; 250 Dominion Fertiliser, eA 30s 6d; 200 Fletcher Holdings, 28s 3d; 2w) Wilson’s Cement, old, 12s sd; 600 Broken Hill Proprietary, 35s 3d. DUNEDIN Sales.—4oo Dalgetys (2 sales). ICs 9d; 800 National Mortgage “A,” 8s; 100 Woolworths, Ltd., 14s 7d; 100 National Insurance, 22s 6d. Sales Reported.—3oo N.Z. Breweries, 40s; 200 1.C.1., ord.. 29s 9d; 100 National Insurance, 22s 6d; 200 Standard Insurance, 69s 200 Broken Hill Proprietary, 35s Id; 5 Colonial Sugar, £36 10s; 400 Woolworths. Ltd., 14s 6d. INVERCARGILL Sales Reported.—2oo Frozen Meat (2 sales), 60s 6d. OVERSEAS EXCHANGES SYDNEY

The upward movement of share prices was maintained on the Sydney Stock Exchange yesterday, when key stocks and better-class industrials attracted increasing support. Sales.- .-Tooheys, 275; Tooths, 72s 3d; Associated News, pref., 17s 6d; Am;x>l, 8s 7d; Australasian Paper, 19s 6d; A.C.1., 44s 9d; British Tobacco, 35s 3d; Broken Hill Proprietary, 42s 6d; Burns, Philp, 54s 6d; Colonial Sugar, £43 7s 6d; David Jones, 435; Dunlop, 29s 4Jd; Electrolytic Zinc, 28s; Felt and Textiles, 25s 3d; General Industries, 34s 6d; Henry Jones, 48s; 1.C.1., 355; Woolworths, 17s 6d; W. R. Carpenter, 14s; South Broken Hill, 545; EmpeOor, 12s 6d; Mount Morgan. 22s 9d: OU Search, 2s 6d. MELBOURNE

Strong buying in the investment section caused prices to firm on the Melbourne Stock Exchange yesterday, with several sharp rises being recorded. Sales.—Commercial Bank of' Australia. 21s 9d; National Bank, 12s 6d paid, 20s; Australasian Paper, 19s 6d; A.C.1., 445; Bradford Cotton, 355; British Tobacco, 355; Broken Hill Proprietary, 42s 3d; Dunlop. 29s 3d, and pref., 365; Felt and Textiles, 255; Coles, .17s 2d, and pref., 295; Humes, 425; 1.C.1.. 34s lOd; Woolworths, 17s 4d; Broken Hill South, 53s 9d; Mount Lyell, 18s lOd; Emperor, 12s Id; Mount Morgan, 22s 6d; Loloma, 26s 8d; Oil Search, 2s 4d.

DOMINION TRANSACTIONS CHRISTCHURCH Sales on ’Change, Listed . £ s. d. Var'n. 25 (3 sales) Bank of New South Wales 32 0 0 + 5/100 N.Z. Refrig., 10s paid 0 16 3 500 (4 sales) G. J. Coles Woolworths, Ltd. 0 14 3 4-2d 105 0 14 4 + ld 200 (2 sales) Woolworths. Ltd. 0 14 6 + 3d £2000 Sales Reported, N.Z. Govt. 3 p.e. Stk., May, 53-56 Listed 96 15 ■0 £1000 N.Z. Govt. 3 p.e. Stk., Dec., 53-56 N.Z. Breweries, c.d. 97 15 0 150 2 0 3 + 3d 550 Gear Meat 1 5 6 150 Southland Frozen Meat ... 3 0 6 N.C. 100 South British Ins. 2 11 0 — 3d 500 Dalgety and Co. 0 10 9 — 6d 200 I.C.I.A. N.Z., ord. 1 9 9 N.C. 200 Turnbull and Jones 1 16 6 N.C.

CHRISTCHURCH QUOTATIONS Buyers. £ s. d. Sellers. £ s. d. N.Z. Government— 2J p.c., 15/5/55-56 .. 95 0 0 95 10 0 3 p.c., 1/8/51-54 .. 99 5 0 — 3 p.c., 15/9/52-55 .. 97 15 0 — 3 p.c., 15/5/53-56 .. 95 15 0 96 17 6 3 p.c., 15/12/53-56 .. 97 7 6 97 15 0 3 p.c., 15/2/55-58 .. 95 17 6 3 p.c., 15/11/57-60 .. —— 93 5 0 3 p.c., 15/8/59-61 .. 93 12 6 3 p.c., 15/4/60-63 .. 92 2 6 3 p.c.. 15/7/63-65 .. —— 91 5 0 31 p.c., 15/9/57-60 .. 95 15 0 3j p.c., 22/5/60 96 10 0 4 p.c., 15/6/52-55 .. 101 0 0 101 15 0 4 p.c., 31/5/53-58 .. 101 10 0 —— Otlier Debentures— Wellington City 3J p.c., 1/11/62 90 0 0 91 10 0 Banks— Aust, and N.Z. 1 12 6 Comm, of Aust. .. 0 17 10 0 18 6 Comm, of Sydney 17 10 0 18 15 0 E.. S., and A. —— 5 0 0 Natl, of A’asia., £1 16 3 — 12s 6d 0 16 0 0 17 6 Nat. of N.Z., x.d. 3 0 9 3 2 6 N.S.W. 31 0 0 33 0 0 Breweries— Ballins, ord. 1 2 3 Pref 10 9 Dominion 3 8 0 3 10 6 New Zealand, c.d. 2 0 3 2 1 0 Frozen Meat— Canterbury 19 0 0 —— Pref 6 0 0 N.Z. Refrig. 1 13 0 10s 0 16 2 — Nth. Canty., pf. .. 1 1 6 Southland 3 0 0 GasChristchurch 0 16 0 0 16 3 10s paid —— 0 6 2 Insurance— National i 2 3 New Zealand 5 15 0 5 16 0 South British 2 10 9 — Standard 3 18 0 4 0 0 Loan and Agency— C.F.C.A., ord. 16 6 1 7 3 Pref 2 18 0 3 0 0 Dalgety 0 10 3 — Gold. M., c.d.. c.t. 1 11 0 1 13 0 Invincible Bldg. .. —- 4 10 0 Mutual Benefit 1 5 3 —— Natl. Mort. “A” .. 0 8 0 0 8 6 “B" 1 19 0 —— N.Z.F., 1st pref. .. 6 5 0 —. “A” pref. —-- 4 13 0 "B” pref. — 4 13 0 41 p.c. Stk., ’60 95 10 0 — 41 p.c. Stk., '55 95 10 0 — N..Z. Guarantee 0 2 1 Perm. Invest 10 15 0 Perp. Trustees 2 3 6 — S. Island Finance 1 4 9 — United Building .. 0 17 6 0 18 6 W.. Stephenson —i2 19 9 Pref 1 2 10 —— Shipping— Northern. c.a. —— 0 11 2 P. and O. — 2 17 6 Union, pref. 14 4 1 5 0 Timber— Parker Lamb .. 0 5 9 —-. Taringamutu 0 17 6 —— Woollens— Bruce .. 1 15 6 — Feltex .. 1 1 0 1 2 0 Kaiapoi 12 6 1 3 3 Pref. 12 6 —— Korma. ord. .. 0 9 0 Pref., c.d. 0 14 0 0 14 6 Mosgiel 2 9 0 — L„ W„ Rudkin .. 2 16 6 3 2 6 Pref. 12 3 Timaru 12 3 1 3 3 Wellington 8 12 6 —. Pref. 8 12 6 Miscellaneous— Amal. Batt. 14 0 _— Andersons, 1st pf. 1 1 0 Aust., C.I. 1 16 6 1 17 0 Aulsebrook, pf. .. 12 3

Apex Ice Buyers. Sellers.- £ s. d. 1 £ s. d. 9 0 Beath and Co. .. 2 4 0 MO Beggs 1 17 0 Berlei, N.Z. 1 5 3 Booth, Mac. 0 4 3 0 5 0 Brit. Tobacco 1 8 6 19 9 Broken Hill Pty. .. 1 15 0 1 15 6 Burns, Philp 2 2 0 Claude Neon, N.Z. 2 2 0 Col. Sugar. 36 0 0 36 12 6 Courtaulds 0 16 6 0 18 0 Dorn. Builders 0 11 3 Dom. Fert. 1 10 6 Donaghy’s Rope .. — 3 16 D.IC., 10s pd. .. 1 3 0 — Pref 1 2 9 Electro. Zinc, ord. —- 1 4 5 Evans Atlas Flour 0 18 6 Fletchers, c.d. 1 8 3 Frozen Prods. 0 7 0 G. J. Coles 0 14 3 0 14 4 Greater Crystal .. 1 0 0 1 2 6 Hallensteins 1 7 9 1 10 0 H. J. Kearns 1 0 0 14 0 H. Berry 1 2 0 Hay’s 3 7 6 Humes, N.Z., pref. 1 1 3 1 2 3 I.C.I.A., N.Z. — 1 10 .6 J. Gadsden 1 5 0 Pref. 1 1 9 K.P. Drugs 5 5 6 ■II ■ Mason Bros., pf. 1 1 0 •M. Maling, pref. 0 19 9 M. Struthers, £1 paid 1 12 9 MM McKenzies 0 13 8 0 13 9 Metters, N.Z. 0 10 0 — Milburn Lime 1 3 0 13 3 McCaskey, pref. .. 0 17 9 0 19 0 M.K. Mfrs. 0 13 3 MO Nat. Electric 4 9 6 MM N.Z.F. Fert. 1 17 6 ■ ■■ Pref. 1 3 0 mm Forest Prod. 0 10 1 0 10 2 Pref. 0 15 0 — N.Z. Newspapers .. 2 _4, ° — Norvic Shoes 10 0 Otago Daily Times — 2 4 9 Quill, Morris 1 0 0 — Relax, pref. —— 10 3 Sharland 2 4 6 —- Smith. Smith, pf. — 110 Silknit 0 13 0 —— Simp., Williams .. 2 16 0 MO» Skellerup, pref. .. 1 0 3 M— Tingey. pre/.' 1 5 0 ■MM Turnbull. Jones .. 1 16 6 — Weeks, pref. 1 1 9 o— Whakatane, pref. 1 0 9 —— Contr. 0 4 6 0 5 6 Wm. Cable 1 6 6 —— New 1 6 .0 — Wilson Malt —- 10 0 W’worths.»ord. 0 14 6 0 14 7 N.Z., ord. 0 19 4 0 19 9 Pp., pf. 1 1 9 Overseas Listings— W’worths, S.A. 0 11 6 MU Mining— Grey River 0 1 10 0 2 7 Waihi Invest. —- 0 3 3 UNLISTED STOCKS Amur! Lime -M 0 19 6 Andrews & Beaven, pref. 1 1 0 MM Beaths. Is paid, 19s deposit 1 13 0 OM Christchurch Press 11 0 0 12 0 0 N.Z. Motor Bodies 1 18 6 MM Prud. Build. — 10 6 Reece, Ltd..- E., pf. 0 11 0 MM Rink Invest. 1 2 6 Scales "C," pref. 0 5 3 MM Ross and Glendining .. 2 7 9 MM Viet. Mansions .. 1 6 0 MS