COMMERCIAL

Press, Volume LXXXIX, Issue 27094, 18 July 1953, Page 10

COMMERCIAL

STOCK EXCHANGES COMMERCIAL BANK RIGHTS IN DEMAND A good volume of diversified business was transacted on the Christchurch Stocic Exchange yesterday. The bulk of the dealings were in industrials and chain stores. Markets generally were firm at late rates, with an upward tendency in several stocks. A feature of the day was the heavy trading in Commercial Bank rights. Eight parcels were traded 2d up at Is 3d, and there was a reported sale at Is 4d. The market closed with buyers at Is 3d, sellers Is 4d.

Sales.—£23oo 3 per cent. Stock. 1952-55, £33 17s 6d; £3OO 3 per cent. Stock, 195659. £95 12s 6d; £lBB5 3 per cent. Stock, 1957-60, £<H; £2750 3 per cent. Stock, 1961-63, £9l 10s; 270 A. and N.Z. Bank, 32s 6d; 500 Commercial Bank of Aust., 16s 9d, and 302 N.Z., rights, Is 3d. 1540 at Is 4d, and 1386 at Is sd; 300 National Bank of A'asia., 27s 7d; 200 N.Z. Breweries, 395; 900 Auckland Gas, 6s; 675 South British Insurance, 535; 75 Wright, Stephenson, 58s 9d; 100 Devonport Kerry, 20s 6d; 300 Korma, pief., 15s 9d; 10 Colonial Sugar, £37 10s; 200 Electro. Zinc, ord., 22s 6d; 200 Fletchers, 29s 9d; 100 Coles, 15s 10d; 300 Forest Products, pref., 15s lOd; 100 Toppa Holdings, 5s Sd, and 700 at 5s 8d; 1800 Woolworths, Ltd., 14s 7d. WELLINGTON Sales.—£36o 3 per cent. Stock, 1957-60 (2 sales), £93 18S 9d; £3250 3 per cent. Stock, 1961-63 (2 sales), £9l 10s; £3OOO 3 per cent. Stock, 1963-65. £9O 2s 6d; 270 A. and N.Z. Bank, 32s 6d; 4001 Commonwealth Bank of Aust., rights, N.Z. (10 sales), Is 4d; 100 N.Z. Breweries, 395; 400 South British Insurance, 535; 500 Newton King, 12s; 200 Wright, Stephenson, 58s 6d; 150 Australian Consolidated Industries, 39s 3d; 200 Macky, Logan. Caldwell, 32s 6d; 200 Speedway Products. 19s; 100 Woolworths, N.Z., 19s Id. Unlisted: 500 R. and E. Tingey, ex div., 12s 3d. DUNEDIN Sales.—loB3 Commercial Bank, ord., rts., (2 sales), Is 4d; 100 Broken Hill Proprietary, 36s 6d; 100 Chas. Begg, 38s 6d; ICO Wilson Malt, 18s lid. Sales Reported.—6oo National Mortgage “A,” 7s lid; 100 Broken Hill Proprietary, 36s 6d; 224 Commercial Bank, rights, Is 4d; 200 N.Z. Breweries, 395; 200 Wright, Stephenson, ord., 58s 9d; 100 Broken Hill Proprietary, 36s 6d. Unlisted: 200 Ross and Glendining, 50s; 100 Mackintosh, Caley, Phoenix, 13s 6d. INVERCARGILL Sales Reported.—2oo Dental and Medical, 345; 751 Commercial Bank, rights (5 sales), -3 2d, and 150 at Is 3Jd. OVERSEAS EXCHANGES SYDNEY Share activity declined on the SydneyStock Exchange yesterday, as the rise of the last .fortnight came to an end. Sales.—Commercial Bank of Sydney, £2l 6s; Commercial Bank of Australia, ex rights, 20s 3d, and rights, Is 2Jd; Bank of New South Wales, £37 12s 6d; Tooheys, 3C's 6d; Tooths, 71s 6d; Associated News, 14s, and pref., 17s 6d; Bradford, 365; British Tobacco, 365; Colonial Sugar, £43 17s 6d; Drug Houses, 325; Dunlop, 29s 6d; Electrolytic Zinc. 25s 9d; G. J. Coles, 18s 4Jd; New Guinea, 2s 2d; Oil Search, 5s 2d; A.C.1., 465; Broken Hill Proprietary, 435; Burns, Philp, 56s 3d; Courtaulds, 22s 3d; Dalgetys, ils 3d; Felt and Textile, 28s. MELBOURNE The investment market was active at firmer prices today. Sales.—Commercial Bank of Australia, 20s 2d, and rights, Is 2d; Goldsbrough, 35s 9d; Amalgamated Wireless, 30s; Australasian Paper, 18s Id; Aust. Consol. In., 46s 6d; Bradford, 35s 9d; British Tobacco, 36s 6d; Broken Hill Proprietary, 43s 3d; Colonial Sugar, £44 2s 6d; Courtaulds, 22s 6d; Dunlop, 29s 4d; Electrolytic Zinc, 265, and pref., 265; Felt and Textiles, 28s 2d; G. J. Coles, 18s 6d; Gordon and Gotch, 235; Herald, 16s; Humes, 43s 8d; Mount Lyell, 18s; North Broken Hill, 69s 9d; Emperor, 14s; Oil Search, 5s 3d. LONDON Government: Consolidated. 2J per cent., £6l; Funding Loan, 4 per cent., £lOl 10s; War Loan, 3j per cent., £81; Conversion Loan, 3J per cent., £B2; Victory Bonds, 4 per cent., £103; Commonwealth, 3J per cent., £92 10s: Commonwealth, 31 per cent., 1956-61, £94 10s; Commonwealth, 31 per cent., 1965-69, £B7 10s; Commonwealth, 3 per cent., £97; South Australia, 3 per cent., £69; New Zealand. 3 per cent., £lOO. Mining: Broken Hill North, 53s 7Jd; Consolidated Zinc, 23s lOJd; New Broken Hill, 19s 9d: Mount Lyell, 13s 6d; New Guinea, Is 411.

dominion transactions CHRISTCHURCH Sales on ’Change Listed £ S. d. Var’n 1361 Commercial Bank rights, 8 sales 0 1 3 +2d 150 N.Z. Breweries 1 19 O N.C. 200 B.H.P. 1 16 6 + 9d 150 Humes N.Z., pref. .. 1 2 6 N.C. 100 Woolwortiis N.Z., Ltd. O 19 2 N.C. 500 Mt. Lyell, 2 sales .. 0 15 6 N.C. Sales Reported, Listed 753 Commercial Bank of Australia, rts. 0 1 4 4-3d 50 VVrisht, Stephenson, ord. 2 18 6 N.C. 100 f elt and Textiles, N.Z. 1 10 0 N.C. 2C0 korma, pref. 0 15 0 100 Korma, pref. 0 15 9 — 200 G. J. Coles 0 15 9 N.C. 200 Macky Logan, late sale Thursday 1 12 6 300 Reid Rube er, ord. 0 11 9 -r*id 200 Reid Rubber, pref. 0 17 9 + 3d 500 Woolworths, Ltd. .. 0 14 *7 N.C. 300 N.Z. Breweries 1 19 0 N.C. AUCKLAND

CHRILTCHURCH QUOTATIONS N.Z. Govt.— Buyers. Sellers. £ s. d. £ s. d. 21 p.c., 15/8/54 .. 93 15 0 3 p.c., 15/9/52-55 .. 99 0 0 99 5 0 3 p.c., 15/5/53-56 .. 97 10 0 3 p.c., 15/12/53-56 .. 97 2 6 3 p.c., 15/2/55-58 .. 96 15 0 3 p.c., 15/4/56-59 .. 95 10 0 3 p.c., 15/11/57-60 .. 93 12 6 —- 3 p.c., 15/4/60-63 .. 91 15 0 __ 3 p.C., 15/7/61-63 .. 90 10 0 — 3 p.c., 15/6/61-64 .. 90 15 0 91 5 0 3 p.c., 15/7/62-64 .. 90 0 0 3 p.c., 15/7/63-65 .. 90 5 0 — 3 p.c., 15/5/64-66 .. 91 5 0 31 p.c., 15/1/53-57 .. 98 0 0 —— 31 p.c., 22/5/60 .. 96 10 0 4 p.c., 15/6/52-55 .. 100 0 0 — 4 p.c., 31/5/54-56 .. 100 5 0 3% p.c., 1962 98 0 0 BanksAust., N.Z. 1 11 9 _ _ Comm, of Aust. .. 0 16 6 0 17 0 Pref. 7 2 6 — Rights 0 13 0 0 14 0 Comm, of Sydney .. 17 15 0 — E., S., and A. 4 16 0 5 0 0 Natl, of A’asia, £1 1 7 3 —— 12s 6d 0 16 3 — NaU. of N.Z. 3 4 0 — N.S.W. 32 0 0 — Breweries— Ballins, ord. .. 1 2 3 13 0 Pref. 1 0 3 ■ ■ ■ Nev/ Zealand .. 1 18 9 1 19 3 Westland •• 1 10 0 — Frozen Meat— Canterbury 19 12 6 — Pref. 6 10 0 — N.Z. Refrig., 20s .. 1 13 10 — 10s 0 16 6 —- Nth. Canty., pf. .. 1 2 0 — Southland 3 1 3 — GasAuckland 0 5 10 0 6 0 5s pd. 0 2 3 — Christchurch 0 16 1 0 16 6 10s paid 0 6 0 — Wellington, pref. .. 1 0 0 — Insurance— National . •• 1 3 7 — South British 2 13 0 2 14 6 Standard . . 4 0 0 — Loan and Agency— CJF.C.A., ord 1 8 6 — Pref. 3 4 0 Chch. Building 15 10 0 16 5 0 Dalgety, “B” 0 8 6 — Dalgety 0 9 3 0 9 9 Goldsbrough, Mort 1 9 1 •— Invinc. Bldg. — 4 15 0 Mutual Benefit 1 6 0 — Natl. Mort. "A” .. 0 7 8 0 8 0 N.ZJ*. Co-op. 0 11 11 0 12 3 First pref. 6 6 0 — “A” pref. 4 11 6 —— “B” pref. 4 11 6 — 41 p.c. Stk., *60 .. 96 15 0 — N.Z. Guar. Corpn. 0 2 3 0 2 4 Perm. Invest. 11 0 0 — Perp. Trustees 2 3 6 —- South Island Fin. 1 5 0 17 6 United Building .. 0 18 0 — Wright, Stephenson 2 19 0 Pref. 1 3 3 —— Shipping— Huddart Parker .. 2 2 0 — P. and O. .. 3 0 0 — Union, pref. 1 5 0 Timber— Parker, Lamb •« 0 5 3 — Woollens— Bonds .. •• 3 12 6 Bruce .• •• 1 17 0 1 19 6 Jacquard — 12 6 Feltex — 14 0 Feltex, N Z. 1 10 0 1 11 0 Pref 1 1 3 — Kaiapoi, 17s pd» .. 1 3 3 13 9 Pref 1 3 6 Korma Tex, pf. .. 0 14 10 — Lane, Walker 2 15 0 — Lane, Walker, pref. 1 2 9 — Matheson Minster 0 9 6 __ Pref. 0 18 0 __ Timaru 1 3 3 Wellington 8 15 0 — Pref 8 15 0 — — Miscellaneous— Amal. Batt. 1 A 6 __ Andersons, 1st pf. 1 1 9 —■

Buyers. £ s. d. Sellers £ s. d Apex Ice 1 18 3 — Avon Metal . — 0 15 0 A.W.A. 15 0 Beath and Cd. 2 5 0 Begg and Co. 1 18 3 ——- Berlei Industries . 19 9 m_ Booth, Macdonal 0 4 6 0 4 10 British Tobacco . 1 10 6 Broken Hill Pty. . 1 16 6 1 17 0 Colonial Sugar 37 10 0 —- Dental and Met 1 13 7 1 15 0 Dom. Builders 0 11 3 — Dom. Fertilisers . 1 11 0 —— Dom. Rubber 10 0 — Donaghy’s Rope . 1 18 0 1 18 6 D.I.C. 13 6 wm Pref. 13 6 WM Dunlop, N.Z. 0 15 0 0 15 2 Pref. 0 14 9 WM Electro. Zinc, pref 110 12 0 Fletcher Holding 19 6 — "B” pref. G. J. Coles 1 1 6 0 15 6 0 15 9 Greater Crystal 0 19 0 MW H. J. Kearns 0 17 0 12 6 Hallenstein Bros. . 19 0 M— Hay’s, Ltd. 3 12 6 3 14 0 Henry Berry 12 0 M— Humes, N.Z., pf. . 12 6 12 9 I.C.I., A., N.Z. — 1 10 0 J. Gadsden, pref. . 15 6 M— J. J. Niven 2 17 6 3 0 0 K.D.V. Boxes 0 10 9 MW K.P. Drugs 5 10 6 5 12 0 Macky Logan 1 11 6 1 12 9 Maling, pref. 10 9 116 Mas., Struthers, £ paid 1 13 3 — McCaskey. pref. . 0 17 6 0 18 0 McKenzies 0 13 9 MW McLeod 2 8 0 w— Midland Mot., pf — 116 Milburn Lime 15 0 — New, pd. 15 0 16 0 M.K. Manufac. 0 12 9 0 13 0 Morris, Hedstron2 0 0 — Natl. Electric 4 16 0 —— N.Z.F. Fert., nrel 14 3 — N.Z. Forest Prod 0 11 9 0 12 0 Pref. 0 15 6 — N.Z. Newspapers 2 5 6 — Nor’vic Shoes 0 17 6 0 18 0 Otaso Daily Times 2 4 6 — Quill Morris (1936) 12 6 MW R. and E. Tingey pref. 14 6 ■ 1 1 Reid Rubber 0 11 6 M— Pref. 0 17 6 ■ ” Sharland 2 4 0 —— Silknit .. 0 13 6 WM Simpson and W 2 18 0 MW Skellerup, pref. . 119 12 0 Turnbull and Jones pref. 10 6 13 0 Weeks 1 18 0 W— Weeks, pref. 12 6 — Whakatane, ord. . 0 18 0 0 19 0 Pref. 116 MW Whit, and Tomb 110 WM Wm. Cable Hold ings .. 17 6 WM Wilson Malt 0 17 6 MW Wilson’s Cement . — 0 14 6 Woolworths, ord. . 0 14 6 0 14 8 Properties 0 17 3 — (N.fc.l, ord. 0 19 2 0 19 6 (N.Z.), pref. 1 14 0 WM Pp., pref. 12 6 w— W. R. Cooke anc Son 0 7 6 WM Zealandia M. 1 10 0 MW Overseas Listings— W'worths, Soutt Africa 0 12 9 MW Aust. Mining— Austral Amal, 0 11 0 0 13 6 Mount Lyell 0 15 4 0 15 9 Mining— Grey River M 0 1 10 0 2 4