COMMERCIAL

Press, Volume LXXXIX, Issue 27074, 24 June 1953, Page 7

COMMERCIAL

STOCK EXCHANGES - MARKETS ACTIVE AND STRONG Markets were active on the Christchurch J Stock Exchange yesterday. A large volume 1 of business was transacted in a wide range ‘ of stocks, and gains considerably out- . weighed the few modest losses recorded. ’ The bulk of the business was in bank ‘ shares, industrials, and chain stores. Quotations and prices were generally in sellers’ favour. Dalgetys rights were traded for the first time, a large parcel changing hands at < 3d, with more on offer at the same price, , but buyers were prepared to carry on 1 only at the reduced figure of 2d. Coles, which have been quiet of late, sold 2d up at 14s 2d, and the market finished with further buyers at 14s Id, sellers 2d away. Hay’s confirmed recent stronger quotations by selling 3s up at 70s. Bank of New South Wales sold 5s up at £32, with further buyers at the same figure, but sellers hung on for £32 ss. 1 Nationals of Australasia 20s paid were traded 9d up at 275, and A.N.Z. Bank lost 9d in a sale at 32s 3d. Turnbull and Jones were fractionally weaker. Golds- J brough Mort rights were 3d dearer at < 6s, with more buyers at 5s 9d, and the company’s shares gained 9d in a sale at 28s. < Kaiapoi Woollens returned to the sales 1 list to be traded, in line with recent < stronger quotations, 2s up at 22s 9d, with further' buyers at the same price, but sellers were 9d away. Felt and Textiles (Australia) were unchanged at 22s 6d, ( with more on offer at 22s 9d. j There was a spate of trading in Colonial Sugars, no fewer than five parcels - changing hands 2s 6d up at £36 7s 6d, with buyers prepared to carry on at £36 ss—no sellers. After hanging fire for some time on sellers’ quotations, Frozen Products brought off two sales at 8s 6d—a drop of 6d. Other business included fairly heavy trading in. Woolworths, Ltd., at the fractionally reduced price of 14s Id, with further buyers at 14s—sellers Id away. There were again no buyers for Woolworths New Zealand which were on offer at the steady price of 19s 3d. DOMINION TRANSACTIONS CHRISTCHURCH Sales on 'Change, Listed

AUCKLAND Sales.—£sBs 3 per cent. Stock, December, 1953-56, £96 7s 6d; 100 N.Z, Breweries, 395; 400 Auckland Gas, 5s paid, 2s 4d; 250 N.Z. Insurance, £5 15s 9d, and 50 at £5 15s 6d; 75 Goldsbrough Mort, rights, 6s; 67 Wellington Wool, £8 15s; 100 Broken Hill Proprietary, 34s 9d; 13 Colonial Sugar, £36 7s Gd, and 60 at £36 10s; 1000 Fletchers, 27s 6d; 250 Mason Bros., pref., 22s 6d; 500 M.K. Manufacturers, 13s; 50 N.Z. Farmers’ Fertiliser. 40s 6d; 300 Forest Products, Ils 3d; 100 Niven, 595; 200 Reid Rubber, pref., 17s; 100 Skellerup, pref., 21s 3d; 100 Tip Top, 17s 3d; 2935 Wilson’s Cement, 13s. Unlisted: 300 Winstone, Ltd., 375. WELLINGTON Sales.—l4oo 3 per cent. Stock, 1960-62, £92 7s 6d; 260 Dalgety “B,” rights (2 sales), 6d; 500 Dominion Life, ord., 8s; 100 John Duthie Holdings, 355; 200 Wellington Investment Mort, and Deposit, 8s 6d; 200 Farmers’ Trading, 38s; 300 N.Z. Forest Products, Ils 3d; 100 Skellerup, pref., 21s 3d; 200 Turnbull and Jones, 35s 6d; 1300 Wilson’s Cement (3 sales), 13s; 100 William Cable, old, 26s 9d; 500 William Cable, new, 26s sd; 100 Woolworths, N.Z., 19s; 100 Ross and Glendining, 49s 6d. DUNEDIN Sales.—Late Monday: 100 Dominion Breweries, 695; 107 A.C.1., 375. Yesterday: 200 N.Z. Breweries, 395; 40 Waitaki Farmers Freezing, £ll 10s; 200 Wright, Stephenson, ord. (2 sales), 58s 6d; 200 Broken Hill Proprietary, 355; 10 Colonial Sugar, £36 7s 6d, and 7 at at £O6 10s; 400 N.Z. Forest Products, ord., Ils. INVERCARGILL Sale Reported.— soo M.K. Manufacturers, 13s. * OVERSEAS EXCHANGES SYDNEY Share prices showed an improving tone on the Sydney Stock Exchange yesterday, when trading expanded considerably. Sales. —National Bank, 12s 6d paid, 19s 9d, and paid, 32s 4Jd; Tooheys, 28s 3d; Tooths, 70s 3d; Associated News, 13s 6d, and pref., 17s 3d; Anthony Hordern, 19s 9d; Australasian Paper, 18s 3d; A.CJ., 44s 6d; British Tobacco, 35s 6d; Broken Hill Proprietary, 41s 6d; Burns, Philp, 54s 9d; Colonial Sugar, £43 17s 6d; Courtaulds, 20s 6d; Drug Houses, 325; Dunlop, 29s 6d; Fairymead Sugar, 35s 6d; Felt and Textiles, 265; General Industries, 33s 9d; G. J. Coles, 16s lOJd; Henry Jones, 48s 6d; Woolworths, 17s; Woolworths, New Zealand, 245; W. R. Carpenter, 15s 6d; Mount Lyell, 17s 10id; New Broken Hill, 245; North Broken Hill, 68s 3d; Emperor, 12s Id; Mount Morgan, 22s 6d; Oil Search, 3S lld ' MELBOURNE Sales were recorded in a wider range of investment stocks on the Melbourne Stock Exchange yesterday at steady Pr sales.—Commercial Bank, pref., 16s; Goldsbrough, Mort, 33s 6d, and rights, 7s sd; Ampol, ‘Bs 3d; Australasian Paper, 18s Id; A.C.1., 45s 3d, and new, 44s 6d; British Tobacco, pref., 245; Broken Hill Proprietary, 41s 3d; Courtaulds, 21s; Drug Houses, 325; Dunlop, 29s Id; Electrolytic Zinc, 27s 3d. and pref., 25s 6d; Felt and Textiles, 265; G. J. Coles, 17s; Humes, 44s 6d- 1.C.1., 355; Woolworths, 17s; Broken Hill South, 535; Mount Lyell, 18s; North Broken Hill, 68s 3d; Emperor, 12s; Oil Search, 3s lOd. LONDON, Mining. Broken Hill Proprietary, 31s 6d; Consolidated Zinc, 22s 7Jd; New Guinea, Is 4Jd; Mount Morgan, 17s 3d. CHRISTCHURCH QUOTATIONS

£ s. a. Var’n. £550 N.Z. Govt. 1960-63, 3 per cent., 2 sales 91 10 0 — 2000 Dalgety, rights .. 0 0 3 •— 144 Goldsbrough M., rights 0 6 0 4-3d 400 G. J. Coles 0 14 2 4-2d 50 Hays 3 10 0 4-3/-200 Turnbull and Jones, 2' sales 1 16 0 —6d 10 Bank of N.S.W. 32 0 0 4-5/-100 Ballins, cum div. 1 2 9 4-3d -?;Wes Rasartctf, Listed £400 Nelson City. 3J p.c., 1/6/59 94 5 0 — 125 A.N.Z. Bank 1 12 3 -9d 230 Natl, of A/asia., £1 paid 1 7 0 4-9d 108 Dalgety and Co., rights 0 0 3 — 413 Goldsbrough, M. 1 8 0 4-9d 300 Felt and Textiles of Aust. 1. 2 6 N.C. 200 Kaiapoi Wool 1 2 9 4-2/-100 Australian Con. Industries, late sale Monday 1 17 0 4-6d 75 Colonial Sugars, 5 sales 36 7 6 4-2/6 250 Dunlop Rubber .. 1 4 6 N.C. 1220 Frozen Products, 2 sales 0 6 6 — 6d 100 Wrrr. Cable Holdings 1 6 9 N.C. 500 Wilson’s Cement .. 0 13 0 N.C. 3900 Woolworths, Ltd., 3 sales 0 14 1 — Id

Buyers. Sellers. £ s. d. <S s. d. N.Z. Government— _ „ „ 21 p.c., 15/8/54 .. 98 7 6 — 3 p.C.. 1/8/51-54 .. 99 10 0 — 3 p.c., 15/9/52-55 98 S 0 —

Buyers. £ s. d. Sellers. £ s. d. 3 px., 15/5/53-56 .. 96 17 6 3 p.c., 15/12/53-56 .. 96 10 0 mm 3 p.c., 15/2/55-58 .. 96 5 0 —M 3 p.c., 15/4/60-63 .. 91 10 0 MM 31 p.c., 15/9/57-60 .. 95 0 0 MM 3J p.c., 15/1/53-57 .. 99 0 0 MM 3J p.c., 22/5/60 .. 96 5 0 96 15 0 Banks—A. and N.Z. 1 11 6 1 13 0 Comm, of Aust. .. 0 17 10 0 18 1 E., S., and A. 4 14 0 M— Nat., of A’asia, £1 16 6 MM National of N.Z. .. 3 2 6 MM N.S.W. 32 0 0 32 5 0 Breweries— Ballins, ord. .. 12 8 1 3 0 Pref 1 0 10 New Zealand 1 18 6 1 19 3 Westland .. .. 1 10 0 MM Frozen MeatCanterbury 19 10 0 MM Pref. 6 0 0 N.Z. Refrig., 20s .. 1 14 0 — 10s 0 16 6 Nth. Canty., pref. 1 1 9 MMM Southland 3 0 6 MM Gas— Christchurch •• 0 16 0 0 16 2 10s paid 0 6 0 0.6 6 Wellington, pref. .. 0 19 9 MM InsuranceNational .. 1 2 10 MMM Standard 3 19 0 MM Loan and Agency— C.F.C.A., ord. 17 0 MM Pref. 3 0 0 MM Ch’ch. Building — 16 5 0 Dalgety’s, rts. 0 0 2 0 0 3 Goldsbrough, Mort 18 0 MM Rights 0 5 9 MM N.Z.F. Co-op., 1st pref. 6 2 6 MM '•A” pref. —m— 4 13 0 “B” pref. — 4 13 0 44 p.c. Stock, ’60 95 10 0 MM 44 p.c. Stock, ’55 95 10 0 MM N.Z. Guar. Corpn. 0 2 2 MM N.Z. L. & M., ord. 10 6 MM Perm. Invest. 10 17 6 MM Perp. Trust 2 3 6 MM W.F.C.A., pref. .. —— 1 1 0 United Building .. 0 17 9 0 18 6 Wright, Stephenson — 2 19 3 Pref. 1 2 10 MM Shipping— P. and O. 2 17 6 —M Union, pref. .. 14 9 MM Woollens— Bonds 3 11 0 MM Bruce 1 2 6 Feltex — 1 2 9 N.Z 17 3 MM N.Z., pref. 10 1 MM Kaiapoi, 17s pd. .. 12 9 1 3 6 Pref. 12 6 — Lane, Walker, pref. 12 6 MM Timaru 12 9 1 3 3 Wellington 8 12 6 —r Miscellaneous— Arnalg. Batteries .. 14 0 —M Andersons, 1st. pref. 119 MM Aqlsebrooks, pf. .. 12 3 — Aust. C.I. 1 17 0 1 18 0 Beath and Co. 2 14 3 —M Begg and Co. 1 16 6 — Berlel Indust. 16 6 MM Booth, Macdonald 0 4 6 — Broken Hill Pty. .. 1 14 9 — Burns Philp 2 13 0 — Claude Neon 2 3 0 MM Colonial Sugar 36 5 0 MM Consolid. Brick .. 0 9 6 — Courtaulds 0 17 0 — Dom. Bldrs. 0 11 4 —. Dom. Fertiliser .. 1 10 3 ■— Dom. Rubber 10 0 — Donaghy's Rope .. — 3 0 0 Dunlop Rubber 14 4 — Electro. Zinc, ord. 12 0 1 4 0 Frozen Products .. 0 6 3 0 6 9 G. J. Coles 0 14 1 0 14 3 Greater Crystal .. 0 19 0 — Hallensteins, pref. 5 15 0 MM Hallenstein Bros. .. 18 6 — Hay's, Ltd. 3 8 6 — Henry Berry, pref. 116 — Humes (N.Z.), pf. 10 0 1 2 6 Hugh J. Kearns .. — 1 4 0 J. Gadsden 15 0 — J. Gadsden, pref. .. 1, 2 0 — Maling, pref. 0 19 9 i i 6 Mason Bros., pref. 113 — Mason; Struthers, £1 paid 1 13 0 — McCaskey, pref. .'. 0 17 0 0 18 0 McKenizes ». — 0 13 6 McLeod 2 7 6 — Milburn Lime 13 0 — New, fully paid.. 12 9 — National Electric .. 4 10 0 — N.Z.F. Fert., pref. 13 6 MM N.Z. Forest Prods. 0 11 4 0 11 6 N.Z. Newspapers .. 2 4 0 — Norvic Shoes 0 17 6 0 18 6 Quill, Morris (1936) 10 0 Reid Rubber 0 11 9 Pref. — 0 17 6 Sharland .. 2 4 0 — Silknit 0 12 6 — Skellerup, pref. .. 10 9 Smith and Smith .. — 1 0 6 Tingey, pref. 14 6 — Turnbull and Jones — 1 16 3 Weeks, pref. ... 12 0 MM Whakatane, ord. .. 0 17 6 — Pref. 110 — Whit, and Tombs 10 0 — Wm. Cable Holds. 16 9 — New .. •» — 1 6 9 Wilson’s Cement .. 0 12 10 0 13 0 W’worths., ord. 0 14 0 0 14 1 (N.Z.), ord. — 0 19 3 Prop., pref. 12 0 MM W. R. Cooke and Son 0 7 6 UNLISTED STOCKS Amberley Lime .. 0 17 6 MM Amuri Lime — 0 19 6 Andrews and Beaven, pref. 110 — Black and White Cabs — 0 7 9 British SJ». Cement MM. 0 16 9 Canty. Seed — 1 13 8 Buntings .. John Chambers .. 14 0 14 0 — Matea Forests 0 2 1 MM N.Z. Motor Bodies —• 1 19 0 Prudential Bldg. .. — 1 0 6 Reece, Ltd., E., pf. 0 11 0 MM Rink Invest. 14 0 MM Ross and Glend. .. 2 8 9 2 10 0 Scales “C”, pref. 0 5 3 —— Tekau Knitwear .. — 0 15 0 Viet. Mansions 16 0 MM Watties Canneries 1 17 0 —