COMMERCIAL

Press, Volume LXXXIX, Issue 27064, 12 June 1953, Page 13

COMMERCIAL

STOCK EXCHANGES STEADY MARKETS PREVAIL Steady markets prevailed on the Christchurch Stock Exchange yesterday. A fair volume of diversified business was put through, with only one loss, and’ that a fractional one on a reported sale of Fletcher Holdings at 27s 6d. A little more confidence was displayed in the Government stock section, with the return of buyers who outnumbered sellers, and in one or two instances their limits were raised slightly. . Goldsbrough, Mort rights were in relatively keen demand at the steady price of 6s. Most frozen meat issues were fractionally stronger. Woollens continued their buoyancy on quotation. Booth, Macdonalds had fractionally better buyers. Woolworths, Ltd., sold unchanged at 14s 3d, with further buyers at that figure, sellers asking 14s 6d. There were unsupported sellers of Woolworths, N.Z., at. the slightly lower price of 19s lOd. Coles were weaker on quotation, buyers reducing their offers to 14s, with sellers holding out for 14s 3d. There were again no sellers for National Electric, which have been in demand of late at rising quotations.

AUCKLAND Sales.—£6oo, 3 per cent. Stock, Dec., 1953-56, £97 12s 6d; 600 A. and N.Z. Bank, 325; 20 Bank N.S.W., £3l 15s; 250 Dominion Breweries, 69s 6d; 50 N.Z. Insurance, £5 15s- 150 South British, 51s 3d: 641 Goldsbrough, Mort, rights, 6s Id; 613 L. O'Brien Timber, 28s; 200 Nat. Timber, Its; 400 FeVcx, N.Z., pref., 20s 6d; 500 Korma, pref.. 14s 3d.; 716 British Tobacco, 29s 6d; 500 Hroken Hill Pty., 34s 3d; 400 Electro. Zinc, pref., 21s; 700 Fletchers, 27s 6d; 116 Gev. Court, 395; 200 Forest Products, 10s 6d, 200 10s 7d, and pref. 15s 9d; 200 Wilson’s Cement, 12s 6d; 200 Woolworths, N. 3., 19s 9d, and 400 19s 8d; 500 Woolworths, Ltd., 14s 4d. WELLINGTON Sales.—£soo 3 per cent.,/61-63, £9l 10s; £2OO 3 per cent., 55-58, £96 ss; £lOOO 3 per cent., 59-61 (two sales), £93 2s 6d; £550 3J per cent., 53-57, £99 ss; £lOOO 3 per cent., 60-63, £9l 10s; 1400 Comm. Bank of Aust, (two sales), 18s; 20 Bank N.S.W., £3l 15s; 341 N.Z. Breweries (two sales), 40s; 200 Dominion Breweries (two sales), 695; 34 Goldsbrough. Mort, rights, 6s; 92 National Mortgage "B” cum (odd), 40s; 300 Union Steam, pref., 24s 6d; 600 Fletcher Holdings (3 sales), 27s 6d; 300 Woolworths, Ltd., 14s 4d; 200 Woolworths (N.Z.), 19s 9d; 200 Broken Hill Pty., 34s 6d; 300 W.F.C.A., pref., 20s; 400 Feltex (N.Z.). pref., 20s ffd; 206 Otago Daily Times, 44s 6d; 15 Colonial Sugar, £36 10s. |The 100 Woolworths, Ltd., reported yesterday at 14s should have been at 14s 4d.l DUNEDIN Sales.—£3oo Dunedin City, 3J per cent. Debs., 1/2/58, £96 12s 6d; 125 Goldsbrough, Mort, rights, 6s; 500 Humes Industries (N.Z.), pref., 225. Sales Reported.—34l N.Z. Breweries (2 sales), 40s; 500 N.Z. Refrigerating, cont., 17s; 200 National Insurance, 22s 9d; 250 Goldsbrough, Mort, rights, 6s; 250 D.1.C., ord., 23s 9d; 100 South British Insurance, 51s 3d; 92 National Mortgage *‘B,” 40s. Unlisted: 100 Mackintosh, Caley, Phoenix, 15s paid, 20s 6d.

OVERSEAS EXCHANGES SYDNEY Advances by Broken Hill and Qolonlal Sugar on the Sydney Stock Exchange yesterday further stemmed the weakness which on Wednesday seemed likely to dominate the sharemarket. Sales.—Commercial Banking of Sydney, £2l ss; Feltex. 20s; Dunlop. 28s 9d; Berlei. 435; Bonds Indust., pref., 19s lOJd; Colonial Sugar, £43 12s 6d; General Indust., 345; Goldsbrough, rights, 7s sd; Lustre. 365; Woolworths, 17s lj<d; Broken Hill Pty., 41s 9d; North Broken Hill. 645; Mt. Isa, 40s; Emperor, 11s 8d; Oil Search, 3s 6d. MELBOURNE The investment section appeared slightly easier in moderate trading on the Melbourne Stock Exchange yesterday. Sales.—Commercial Bank of Australia, 21s 6d; Goldsbrough, 34s 9d; Australasian Paper, 18s Id; British Tobacco, 35s 9d; Courtaulds, 20s 3d; Drug Houses, S2s 3d; Dunlop. 28s lid, and pref. 365; Feltex, 26s id; Coles, 17s; Gordon and Gotch, 19s; Humes, 44s 4d; 1.C.1., A.N.Z., 34s 8d; Myer, 8s; Olympic Tyre, 14s sd; Broken Hill Pty., 41s 6d; Broken Hill South, 51s 9d; Mt. Lyell, 17s 6d; Mt. Morgan, 21s lOd; Oil Search. 3s 4d.

DOMINION TRANSACTIONS CHRISTCHURCH Sales on ’Change Listed £ s. d Var’n. £200 N.Z. Govt. 2J p.c. Stock, 15/8/54 98 15 0 — 600 Comm. Bank of Aust. (2 sales) 0 18 0 N.C. 200 Golds, Mort., c.d. 1 9 0 N.C. 211 Golds, Mort., rights (4 sales) .. 0 6 0 N.C. 300 Fletcher Holdings, “B” pref. 1 1 6 N.C. 442 Woclworths, Ltd. (2 sales) 0 14 3 N.C. Sales Reported, Listed £300 N.Z. Govt. 4 p.c. Stock, 1954-58 99 12 0 M. 50 Comm. Banking of Sydney, late sale Wed. 17 15 0 4-15/-200 National Insurance 3 0 4-1/-31 Golds., Mort, rights 0 6 0 N.C. 200 Fletcher Holdings, (late sale Wed. .. 1 7 6 — Id

CHRISTCHURCH QUOTATIONS Buyers. Sellers. £ S. 1. £ S. d. N.Z. Government24 p.c., 1/10/53 99 15 0 24 p.C., 15/8/54 .. 96 10 0 — 24 p.c., 15/5/55-56 .. 95 0 0 — 3 p.c., 15/9/52-55 .. 98 2 6 — 3 p.C., 15/5/53-56 .. 96 5 0 MM 3 p.c., 15/12/53-56 .. 97 10 0 MM 3 p.c., 15/2/55-58 .. 96 0 0 MM 3 p.c., 15/4/60-62 .. 91 12 6 92 0 0 3 p.C., 15/6/61-64 .. 92 10 0 ■ 3 p.c., 15/7/62-64 .. 91 7 6 34 p.c., 15/1/53-57 .. 99 0 0 MM 34 p.C., 22/5/60 96 10 0 4 p.c., 15/6/52-55 .. 101 2 6 MM 4 p.c., 31/5/54-58 .. 99 12 6 MM Banks— Aust, and N.Z. .. 1 11 0 MM Comm, of Aust. .. 0 17 0 0 18 3 E.» S., and A. ..4 14 0 MM Breweries— Ballins, ord., c.d. .. 1 2 6 MM Pref., c.d. .. 1 0 9* MM New Zealand, x.d. — 1 19 6 Frozen Meat— Canterbury .. 19 2 6 MM Pref. .. .. 6 0 0 MM N.Z. Refrig. .. 1 13 9 MM 10s .. 0 16 10 0 17 0 North Canty., pf. .. 1 10 M— Southland .. 3 0 0 MM Gas— Christchurch .. — 0 16 3 10s paid .. 0 6 0 0 6 2 Insurance— National .. 1 2 10 1 3 2 New Zealand .. 5 15 0 5 16 0 South British — 2 11 3 Standard — 3 19 6 Loan and Agency— C.F.C.A., ord. .. 1 6 6 1 7 6 Pref. .. .. 2 18 6 M— Dalgety .. .. 0 11 0 — Golds. Mort, c.d. .. 1 8 6 1 9 0 Rights .. 0 6 0 — Invincible Bldg. .. mm 4 19 0 Mutual Benefit .. 1 5 6 Mm Nat. Mort. “A,” c.d. 0 8 0 0 8 3 N.Z.F. Co-op. .. 0 11 6 0 12 0 First pref. .. 6 2 6 MM "A” pref. .. 4 11 6 4 13 0 44 P.C. Stk., ’60 .. 95 10 0 MM 44 p.c. Stk., ’55 .. 95 10 0 —M N.Z. Guarantee .. 0 2 1 Perm. Invest. .. 10 15 0 . United Building .. 0 17 6 0 18 6 Wright Stephensori —— 2 18 9 Pref. .. .. 1 2 10 MM ShippingNorthern .. 0 10 3 0 10 9 P. and O. ..2 17 0 MM Union, pref. .. 1 4 M— Timber— Parker. Lamb •• 0 5 6 MM Woollens— Bonds .. .. 3 10 0 MM Jacquard — 1 2 6 Feltex .. .. 1 2 0 1 2 6 Feltex, N.Z., pf. .. 0 19 9 MM Kaiapoi .1 2 6 MM Pref 1 2 6 MM Mosgiel .. ' .. 2 9 0 MM L., W., Rudkin .. 2 17 6 3 2 6 Pref. .. .. 1 2 6 M— Timaru .. .. 1 2 6 MM Wellington .. 8 12 6 MM Pref 8 12 6 MM Miscellaneous— Amal. Batt. .. 1 4 0 MM Andersons, 1st pf. 1 0 MM Aulsebrooks, pf. .. 1 2 3 MM Avon Metal — 0 16 0 Beath and Co. .. 2 4 0 M— Booth, Mac. .. 0 4 6 — Broken Hill Pty. .. 1 14 3 1 14 9 Burns, Philp .. 2 5. 6 2 6 6 Claude Neon, N.Z. 2 2 0 MM Colonial Sugar .. 36 2 6 30 10 0 Dom. Builders 0 11 3 —— Dom. Fertiliser .. 1 10 3 MM Donaghy’s Rope .. — 3 0 0 D.I.C., 10s paid .. 1 3 6 1 4 0 Pref. «. 1 2 10 MM Dunlop Rubber .. 1 3 3 1 4 3 Elec. Zinc, ord. .. — 1 3 6 Pref. — 1 2 0 Evans Atlas Flour . — 0 18 9 Fletchers .. 1 7 a MM “B” pref. .. 1 1 3 1 1 9 Frozen Products .. —— 0 7 0 Gordon and Gotch — 0 18 0 G. J. Coles .. 0 14 0 0 14 3 Hallensteins .. 1 8 0 1 10 0 H. Berry, pref. .. — 1 1 0 Henry Jones .. 1 19 8 2 1 0 H. Berry, pref. .. 1 1 6 1 2 0 Hay’s .. ..3 8 0 3 10 0 Humes .. .. 1 14 6 1 16 3 I.C.I., A.. N.Z. .. 1 9 0 1 9 6 J. Gadsden, pf. .. .1 1 7 1 1 9 K.P. Drugs .. 5 6 0 MM Mason, Struthers, £1 paid 1 12 9 MM Mason Bros., pref. 1 0 MM McKenzies, x.d. .. ( 13 4 0 13 6 McLeod .. .. 2 7 0 MM Metters, N.Z. .. 0 10 0 —

Milburn Lime Buyers. £ s. d. 13 0 Sellers. £ s. d. 15s paid MM 0 18 0 M.K. Manufac. 0 13 4 0 13 6 Morris Hed., c.d. .. 2 0 0 MM Nat. Electric 4 10 0 MM N.Z.F. Fert., pf. .. 1 3 6 MM N.Z. Forest Prods. — 0 10 4 N.Z. Newspapers .. 2 4 3 mm Norvic Shoes 0 17 0 10 0 Otago Daily Times Quill, Morris 2 4 3 1 0 0 Reid N.Z. Rubber 0 11 0 0 17 9 Pref. mm 0 17 6 R. and E. Tingey, pref. 15 0 MM Sharland 2 4 0 MM Skellerup, pref. — 1 1 9 Weeks, pref. 12 0 MM Whakatane, ord. .. 0 17 6 MM Pref. 110 MM Whit, and Tombs .. 1 0 0 MM Wilson’s Cement .. 0 12 6 MM Wm. Cable, new 16 3 MM W’worths., ord. 0 14 3 0 14 6 N.Z.. ord., c.d. .. m j 0 14 9 N.Z., pref. .. 1 14 0 *MM Prop., pref. 12 0 12 3 W. R. Cooke 0 7 6 — Aust. Mining— Mount Lyell 0 14 9 MiningGrey River 0 1 10 0 2 5 Martha — 0 1 9 Waihi Invest. — 0 3 3 UNLISTED STOCKS Amurl Lime — 0 19 6 Andrews and Beaven, pref. 113 MM Amberley Lime 0 17 6 MM Beaths (Is paid, 19s deposit) 1 13 0 MM Canty. Seed MM 1 13 6 Credit and Finance 0 19 0 MM John Chambers .. 14 3 MM Matea Forests 0 2 1 MM National Tobacco 0 17 0 MM Prudential Bldg. .. — 110 Rink Invest. 1 3 0 MM Ross and Glendining 2 8 6 MM Victoria Mansions 16 0 MM Wooff and Salvesen 15 0 MM Waikari Lime, 17s 6d paid .. Watties Canneries 1 10 0 1 16 0