COMMERCIAL

Press, Volume LXXXIX, Issue 27107, 1 August 1953, Page 8

COMMERCIAL

STOCK EXCHANGES WEEK CLOSES ON FIRM NOTE Several investments in Government securities on the Christchurch Stock Exchange yesterday confirmed recent stronger buying support. At the close of the market, there were further buyers for fully 20 issues, but no sellers appeared. Trading"in other stocks was light, but markets were generally firm at late rates. The demand for Commercial Bank rights still obtained, three parcels changing hands Id up at Is Bd, but the market closed weaker with buyers offering Is 6a —sellers 3d away. Buyers again predominated in all sections, and any price movements were mostly in favour of sellers. As from Monday, with the exception of Government stocks and local body debentures, which remain unaltered, stock exchange brokers’ charges to- investors will be increased over all by about 20 per cent. For very many years rates chargeable to clients have remained unaltered. The new rates compare favourably with those ruling in England and Australia, and have, brokers report, been largely brought about by increases m telephone, telegraphic, and postal charges, apart from the general rise in administrative costs.

AUCKLAND Sales.—Late Thursday: 28 Bank of N.S.W., £33 ss; ICO Newton King, Ils lOd; 200 Fletchers. 30s; 200 1.C.1., A. and N.Z., 30s 3d; 100 Woolwprths, 2nd pref., 21s 3d. Yesterday: £2OO 3 per cent. Stock, 195558, £97 ss, and £225, 1957-60, £94 ss; £4OO 31 per cent. Stock, 1957-60, £96 ss; £5OO Mount Albert 8.C., 1/7/57, 4J per cent., £101; 150 Commercial Bank of Australia, 17s 3d; 30 Bank of N.S.W., £33 ss; 50 N.Z. Breweries, 40s; 75 Huddart Parker, 44s 3d; 200 Feltex, Aust., 23s 6d; 100 Korma, 11s; 10 Colonial Sugar, £37; 200 Farmers' Trading, 435; 400 Fletchers, 30s; 200 Coles, 15s 9d; 200 Forest Products, pref., 15s lid; 400 Wilson’s Cement, 14s; 452 W. R. Carpenter, 13s 4Jd; 200 Mount Lyell, 15s 9d. Unlisted: 100 Alex. Harvey, 55s 6d and 50 at 55s 3d; 50 Ross and Glendining, 50s. WELLINGTON Sales.—£looo 3 per cent. Stock, 1952-55, £99 10s; £ll3O 3 per cent., 1955-58, £97 ss; 300 Commercial Bank of Australia, rights, N.Z. (3 sales), Is 8d; 150 N.Z. Breweries, 40s; 450 Consolidated Brick, Ils; 200 Farmers' Trading, 435; 200 Fletchers Holdings, 30s; 725 Woolworths, Ltd. (3 sales), 14s 9d. Unlisted: 675 John Duthie, pref., 20s. DUNEDIN Sales.—£7oo N.Z. Government Stock, 3 per cent., 1957-60, £94 ss; 100 N.Z. Refrigerating, contr., 17s Id; 100 Dalgety “B” shares, 9s 3d; 100 John Bulleid, Ils. Sales Reported.—lo 3 Commercial Bank, rights, Is 9d; 200 N.Z. Breweries, 40s; 500 N.Z. Insurance, £6; 400 National Mortgage “A,” 8s; 100 Donaghy*’s Rope, 38s 6d; 300 G. J. Coles, 15s 9d; 300 Commercial Bank, rights. Is 9d; 400 D.1.C., □rd., 245; 500 G. J. Coles, 15s 9d. OVERSEAS EXCHANGES SYDNEY Quieter trading and the development of irregularity in share prices on the Sydney Stock Exchange yesterday suggests that the recent strong phase is ending. Sales.—Commercial Bank of Sydney, £2l 18s; Tooths, 71s; Associated News. 14s 9d; Amalgamated Wireless,. 30s: Ampol. 8s sd; Broken Hill Proprietary, 43s 3d; Burns, Philp, 555; Colonial Sugar, £43 17s 6d: Dunlop, 28s lOJd; General Industries, 37s 6d; Electro. Zinc. 26s 9d: Fairymead Sugar, 395; G. J. Coles, Ifs 3d; Goldsbrough, Mort, 35s 6d; New Zealand Forest. 13s 6d; 1.C.1., 355; Woolworths, 17s 6d; Winchcombe Carson, 39s 6d; Wilcox, Mofflin, 6s; Broken Hill South. 56s 6d; Mount Morgan, 21s IJd; New Guinea, 2s IJd; Oil Search, 5s 3d. MELBOURNE The investment market showed a further improvement on active trading on the Melbourne Stock Exchange yesterday. Sales.—Commercial Bank of Australia, 20s sd; Goldsbrough, Mort, 35s 3d; Amalgamated Wireless, 30s; Ampol, 8s sd; Australasian Paper, 18s 4d; A.C.1., 46s 3d; Bradford Cotton, 35s 6d; Broken Hill Proprietary, 43s 6d; Drug Houses, 325; Dunlop, 295; Felt and Textiles, 28s 6d; Coles, 18s 4d; Herald, 16s 8d; Humes, 45s 9d; 1.C.1., 355; New Zealand Forest, 13s 4d; Wool worths,. 17s 6d; Broken Hill South, 56s 6d; Mount Isa, 41s; Broken Hill North, 70s; New Broken Hill, 265; Emperor, 14s 6d; Oil Search, 5s sd. LONDON Government: Consolidated, 2j per cent., £6l; Funding Loan, 4 per cent., £102; War Loan. 3J per cent., £81; Conversion Loan. 3J per cent., £B2; Victory Bonds, 4 per cent.. £lO2 (x.d.); Commonwealth, 3j per cent., £93 10s; Commonwealth, 31 per cent., £B7 10s; South Australia, 3 per cent., £69; New Zealand, 3 per cent., £lOO. Mining: Broken Hill South, 43s 3d; B£»ken Hill Proprietary, 33s 6d; Consolidated Zinc, 25s lid; New Broken Hill, 20s 6d. CHRISTCHURCH QUOTATIONS Buyers. Sellers. £ s. d. £ s. d.

DOMINION TRANSACTIONS CHRISTCHURCH Sales on ’Change Listed £ s. Var’n £500 3 per cent. N.Z. Govt., 1956-59 95 15 0 —. £1000 3 per cent., 1962-64 Stock 90 15 0 £1050 3 per cent., 1963-65 Stock 90 12 6 731 Corhmercial Bank of Aust., rights, 3 sales 0 1 8 +ld 100 South British Insurance, late sale, Thursday 2 15 6 —6d 800 Dalgetys 0 9 7 + 4d 400 National Mortgage 4 *A” 0 8 0 + 3d 100 Humes, N.Z., pref. 1 2 10 N.C. Sales Reported: Unlisted 100 Brit. S.P. Cement 0 16 3 N.C. 350 Ross and Glendining 2 10 0 N.C.

2 J p.C., 15/8/54 98 15 0 MM 3 p.c.,- 1/8/51-54 .. 100 0 0 MW 3 p.c., 15/5/53-56 .. 98 0 0 MM 3 p.c., 15/12/53-56 .. 97 12 6 MW 3 p.c., 15/2/55-58 .. 97 0 0 MM 3 p.c., 15/11/57-60 .. 94 2 6 3 p.c., 15/8/59-61 .. 94 0 0 3 p.c., 15/4/60-62 .. 93 0 0 3 p.c., 15/4/60-63 92 10 0 MM 3 p.c., 15/7/61-63 .. '91 10 0 MM 3 p.c., 15/6/61-64 .. 91 0 0 M 3 p.c.. 15/7/62-64 .. 90 12 6 MM 3 p.c., 15/7/63-65 .. 90 12 6 mW 3 p.c., 15/5/64-66 .. 90 10 0 M m 34 p.c., 15/1/56-59 .. 96 2 6 WM 3} p.c., 15/9/57-60 .. 96 5 0 WM 31 p.c., 15/1/53-57 ... 98 0 0 3J p.c., 22/5/60 97 2 6 —M 4 p.c., 15/6/52-55 .. 100 5 0 ——. 4 g.c., 31/5/54-58 .. 100 10 0 — Com. Bank of Aust., rights (Aust.) 0 0 10 MM. Com. Bank of Aust. 0 17 0 0 17 6 Com. of Aust, rts., N.Z. 0 2 6 0 1 9 Pref. 7 2 6 Com. of Sydney .. 17 10 0 MM E., S.. and A. 4 17 6 National of N.Z. .. 3 3 6 MM N.S.W. 33 0 0 MM Breweries— Ball ins, ord. .. 1 2 6 1 2 9 Pref. 1 0 6 New Zealand .. 2 0 0 MM "Westland 1 11 0 MM Frozen MeatCanterbury .. 19 10 0 Pref. 6 12 6 MM N.Z. Refrig. 1 13 9 M— 10s 0 16 10 Nth. Canty., pref. 1 2 3 *—M. Southland, cum div. 3 2 0 .— Gas— Auckland .. 0 6 3 Christchurch .. 0 16 3 0 16 6 10s paid ,. 0 6 2 Wellington, pref. .. 1 0 3 Insurance— F.A.M.E. 1 5 0 Pref. .. T 5 3 National 1 4 0 South British 2 15 9 Standard .. 4 2 6 Loan and Agency— C.F-C.A.. ord. Pref. 1 3 9 1 9 6 — Dalgety 0 9 6 0 9 8 “B” 0 9 2 0 9 3 Mutual Benefit 1 6 6 Nat. Mortgage, "A” 0 7 11 0 8 6 “B” .. . . 1 18 0 N.Z.F. Co-op. 0 11 10 First pref. 6 12 6 — “A” pref. 4 12 6 — B pref. 4 11 6 MM 4J p.c. Stk. ’60 .. 95 0 0 - — 4J p.c. Stk., ’55 .. 95 0 0 . N.Z.L. and Mer., ord. 8 Perm. Invest. 10 15 0 Wright, Stephenson 2 19 3 Pref. .. .. 1 3 0 Shipping— Union, pref. .. 1 5 3 TimberKauri .. .. 1 1 3 Parker L-mb .. 0 5 5 Woollens— Bruce ., 1 17 0 Jacquard 1 2 Kaiapoi .1 3 6 Pref. 1 3 6 Korma Tex. 0 11 g Pref. .. 0 16 6 0 16 Manawatu .. 3 14 6 Mosgiel 2 10 0 Lane. Walker, Rud. 2 15 6 Pref. 1 2 6 Timaru 3 9 1 5 Wellington 8 17 6 Wellington, pf. .. 8 17 6 Matheson, Min. ,. 0 9 9 Pref o 18 Miscellaneous— Amalg. Batt. 1 4 6 Andersons, 1st pf. 9 Avon Metal 0 14 Beath and Co. 6 0 Beggs 1 18 6 Berlei Industries .. J 10 0 Booth, Macdonald 0 4 g Broken Hill Pty. .. 1 17 3 Colonial Sugar .. 37 0 0 37 2 6

Buyers. £ s. d. Sellers. £ s. d. Consol. Brick 0 10 7 — Courtaulds 0 19 9 — Dental and Medical 1 14 0 — Dom. Builders 0 10 0 —m. Dom. Fertiliser 1 11 9 Donaghy’s Rope ..' — 1 19 6 D.I.C., pref. 13 9 Dunlop, N.Z. — 0 15 3 Pref. ’ 0 15 1 — Farmers 2 2 9 2 4 9 Fletchers — 10 6 Fletchers, “B” pref. 1 1 9 — G. J. Coles, c.d. .. 0 15 6 0 15 9 Hadfields Hallensteins 110 0 12 6 H. J. Kearns — 12 6 Hay’s 3 12 0 3 14 6 Henry Berry 12 3 MM. Humes, N.Z., pref. 12 8 1 2 11 A„ N.Z. 1 10 0 —, J. Gadsden, pref. .. 12 1 K.D.V. Boxes 0 10 9 —— K.P. Drugs 5 12 0 __ Maling, pref. 10 6 mm Mason, Struthers, £1 paid 1 13 3 mm. McCaskey, pref. .. 0 17 6 MM. McKenzies 0 14 6 0 14 9 McLeod 2 8 6 MM. Milburn Lime, new, fully paid mm 16 0 M.K. Manufrs. — 0 13. 0 Natl. Electric 5 2 6 MM N.Z. Forest Prod. 0 11 0 — Pref. 0 16 0 Norvic Shoes — 0 17 6 Otago Daily Times 2 4 9 Quill Morris 13 0 - Reid Rubber, pref. 0 18 0 MM Sharland 2 4 0 —m. Silknit 0 13 6 MM Skellerup, pref. 116 - Turnbull and Jones, cum div. 1 16 0 Weeks 2 0 0 Whit, and Tombs 12 0 ___ Wilsons Malt 0 19 0 MM Wilson's Cement .. 0 13 5 0 14 0 Woolworths, ord. .. 0 14 6 0 14 9 2nd pref. 10 0 N.Z.. ord. 0 19 2 (N.Z.). pref. 1 15 0 MM Pp., pref. 12 6 MM> Overseas Listings— W’worths, S. Africa 0 19 3 MM Aust. Mining— Mount Lyell 0 15 6 MM Austral Amalg. — 0 12 6 Mining— Grey River 0 1 10 0 2 4 UNLISTED STOCKS Andrews and Beaven, pref. 110 116 A. and T. Inglis .. 0 8 9 Beaths (Is paid 19s deposit) 1 16 0 1 19 11 Brit. S(.P. Cement 0 16 0 0 16 6 Canterbury Seed .. 19 0 • Rights —— 0 8 0 Chch. Press 11 7 6 John Chambers 14 6 Prudential Bldg, rts. 0 10