COMMERCIAL

Press, Volume LXXXIX, Issue 27112, 7 August 1953, Page 13

COMMERCIAL

STOCK EXCHANGES MARKET REMAINS BUOYANT A moderate-sized turnover was recorded on the Christchurch Stock Exchange yesterday. The bulk of the dealings were in industrials and chain stores, with price movements on the whole in favour of sellers. Ltd., were steady in business at 14s 9d, with further buyers at 14s Bd—sellers 2d away. Woolworths, New Zealand, scored a sharp rise to sell 5d up at 19s Bd, and in closing quotations buyers offered 19s fid, with sellers holding for 20s. Coles were quoted lower on an ex dividend basis, with buyers at 15s 2d and sellers at 15s 3d. Fractionally better offers were forthcoming for McKenzies at 14s 7d, but sellers were reticent.

New Zealand Breweries were active in sales at the unchanged price of 40s, with more on offer at the close at the same price.

Fairly heavy trading took place in Gear Meats at 26s 9d —an advance of Is 3d. Union Steam preferences, which have had steady inquiry for some time, rose sharply to a sale at 25s Bd, with more wanted at 25s fid—no sellers. >

Kaiapoi .Woollens advanced further to a reported sale at 23s 9d, with further buyers at 23s Bd—no sellers. Feltex (Australia) continued their upward trend when buyers quoted 24s 9d, without attracting sellers. Early this year sales were made as low as 225. In 1951, when the company was paying 12i per cent., the shares sold up to 54s 6d. Among other sales, Donaghy’s Rope improved to business at 38s 3d, with more wanted at 37s 6d, sellers holding for 395. An unsatisfied demand persisted for Government securities, and the one sale reported, that of May, 1953-56, 3 per cents., showed an advance of 5s on Wednesday’s quotations. DOMINION TRANSACTIONS . CHRISTCHURCH

150 N.Z. Indust. Gases, ord. .. .. 110 0 - AUCKLAND Sales. —Late Wednesday: 1000 Newton King, pref., 235; 50 Wellington Wool, £8 17s 6d; 200 B.H. Pty., 36s 9d; 320 Hadfields, 16s 9d: 500 Toppa Holdings, 5s 3d; 1500 Woolworths, Ltd., 14s 9d. Yesterday: £9lO 2J per cent. War Loan, 1953, £lOO 7s 6d; £2OOO 3 per cent. Stock, 1960-62, £93 10s; £6BO 4 per cent. Stock, 1952-55. £lOO 10s; 150 New Zealand Breweries, 40s; 100 New Zealand Insurance, £5 16s 6d; 250 South British, 555; 100 Goldsbrough, Mort, 29s 9d; 200 Korma, Us; 10 Colonial Sugar, £37 ss; 200 Dunlop. Aus., 24s 6d; 200 Fletchers, 29s 9d, and, 100, 29s 6d; 50 K.P. N.Z. Drug, £5 12s 6d; 133 Northern Roller, 34s 6d; 100 Reid Rubber, 13s 3d; 600 Tapper, pref.,,2os; 125 Tip Top, 19s 6d: 150 Whakatane Board, pref., 225; 500 Wilson’s Cement, 14s, and 100 cont.. Us; 400 Woolworths, Ltd., 14s Bd, and 200 14s 9d. Unlisted.—so Alex Harvey, 555. WELLINGTON Sales.—Late Wednesday: £5OO 3 per cent., 52-55, £99 10s; £lO5O 4 per cent., 52-55, £lOO 10s; 200 Felt and Textiles, N.Z., Sref., 22s 9d; 250 Dunlop, Aust., 24s 6d; 100 umes, N.Z., pref., 235. Yesterdav: £3OOO 3 per cent., 52-55, £99 10s; £2400, 3 per cent.. May, 53-56 (2 sales), £9B ss; £3150 3 per cent., Dec., 53-56, £97 10s; 200 N.Z. Breweries (2 sales), 40s; 100 Gear Meat (2 sales), 26s 9d; 1500 N.Z. Guarantee, 2s 2d; 100 W.F.C.A., pref., 21s 3d; 1000 Berlei, N.Z., 28s; 300 Fletcher Holdings (2 sales), 30s; 200 Henry Berry. 22s 6d; 400 Woolworths, Ltd., 14s 8d; 200 Myer Emporium, Unlisted.—lso N.Z. Industrial Gases, ord., 30s. DUNEDIN Sales.—Late Wednesday: £lO5O 4 per cent. Stock, 15/6/52-55. £lOO 10s; 125 Perpetual Trustees, 435; 100 Broken Hill Pty., 36s 9d. ~R«P ort « d —£soo 3 per cent. Stock. 15/4/60-63, £92 12s 6d; £3OO 31 per cent. Stock, 15/1/53-57. £9B ss; £6BO 4 per cent. Stock, 15/0/52-55. £lOO 10s; 200 New Zealand Breweries, 40s; 200 D.1.C.. ord., 245; 200 Dominion Rubber, 225; 1500 Woolworths. Ltd., 14s 9d. Unlisted.—lso Ross and Glendinlng, 50s. INVERCARGILL Sales Reported.—3oo Dominion Life (unlisted), 8s; 100 New Zealand Breweries, 40s. OVERSEAS EXCHANGES SYDNEY The upward movement in the share market slackened on the Sydney Stock Exchange yesterday, when price rises barely exceeded falls in a quieter market. Sales—Bank of New South Wales, £39 12s 6d; Tooths, 71s 3d; Associated News, 14s 8d; Australasian Paper, 18s 6d; A.C.1., 46s 3d; Broken Hill Prop., 43s 6d; Colonial Sugar, £43 15s; Courtaulds, 23s 9d; David Jones 42s 9d; Drug Houses, 325: Dunlop, 29s 3d; Electro. Zinc, pref., 25s 9d; Goldsbrough, Mort, new, paid, 33s lOJd; Henry Jones, 47s 6d; Felt, and Textiles, 29s 3d; General Industries, 37s 6d; Humes, 45s 9d; Morris Hedstrom, 49s 3d; Morts Dock 21s; New Zealand Forest, 13s 3d; Woolworths, 17s 4Jd; Emperor, 14s 6d: Mount Lyell, 18s 4Jd; Mount Isa, 42s 3d; Bulolo, 555; New Guinea, 2s 3d; Wellington, 3s 6d;- Oil Search, 5s 6d.

MELBOURNE Buyers maintained their interest in shares and prices showed further improvement on ’ the Melbourne Stock Exchange yesterday.

Sales—Amalgamated Wireless, 30s; Ampol, 8s 6d; Australasian Paper, 18s 7d; A , 475: Bradford Cotton, 36s 3d; British Tobacco, 37s 6d; Broken Hill Prop. 43s 6d; Drug Houses. 325; Dunlop, pref., ’37s; G. J. Coles, 17s lOd; Herald, 17s lOd; Kauri Timber, 28s 3d; Woolworths, 17s 6d; Broken Hill South, 565; Broken Hill North, 70s; New Broken Hill, 27s 7d; Emeror. 14s 6d; Mount Morgan, 235; Oil Search, 5s Bd. •

Sales on 'Change, Listed £ s. d. Var’n. 200 N.Z. Breweries .. 2 0 0 N.C. 400 Wool worths, Ltd. (2 sales) 0 14 9 N.C. Sales Reported, Listed £1000 3 p.c. N.Z. Govt. Stock, May, ’53-56 98 5 0 450 N.Z. Breweries (3 sales) 2 0 N.C. 1700 Gear Meat (3 sales) 1 6 9 + 1/3 150 South British Insurance 2 15 0 —6d 200 N.Z. Farmers, 4| p.c., 1960 96 0 0 300 Union Steam, pf. 1 5 8 +8d 100 Kaiapoi Wool 1 3 9 +3d 400 Donaghy’s Rope (2 sales) 1 18 3 + 9d 300 D.I.C.. pref. 1 6 100 Woolworths, Ltd. 0 14 9 N.C. 200 Woolworths, N.Z., Ltd. 0 19 8 +5d Sales Reported, Unlisted

CHRISTCHURCH QUOTATIONS Buyers. Sellers. £ s. d. £ s. d. N.Z, Government— 2j p.c., 15/8/54 .. 3 p.c., 1/8/51-54 .. 98 15 0 — 99 0 0 — 3 p.c., 15/5/53-56 .. 3 p.c., 15/12/53-56 .. 3 p.c., 15/2/55-58 .. 3 p.c., 15/4/56-59 .. 3 p.c., 15/11/57-60 .. 3 p.c., 15/8/59-61 .. 3 p.c., 15/4/60-62 .. 3 p.c., 15/4/60-63 .. 98 0 0 98 7 6 97 12 6 — 97 5 0 — 96 0 0 — 94 7 6 — 94 10 0 — 93 0 0 — 92 12 6 — 3 p.c., 15/7/61-63 .. 91 15 0 92 0 0 3 p.c., 15/6/61-64 .. 3 p.c., 15/7/62-64 .. 3 p.c., 15/7/63-65 .. 91 0 0 91 10 0 90 12 6 — 90 10 0 — 3 p.c., 15/5/64-66 .. 3 p.c., 15/1/56-59 .. 3J p.c., 15/9/57-60 .. 90 7 6 91 0 0 96 5 0 — 96 5 0 — 31 p.c., 15/1/53-57 .. 31 p.c., 22/5/60 .. 4 p.c., 15/6/52-55 .. 98 5 0 98 12 6 96 15 0- — 100 7 6 — Banks— Comm, of Aust., x.d. Pref., x.d. E., S.» and A. N.S.W., c.d. 0 16 6 0 17 6 7 0 0 — 4 16 0 — 33 2 6 — Breweries— Bailing, ord. Pref 12 6 12 9 10 7 — New Zealand 1 19 9 2 0 0 Frozen Meat— Canterbury Pref. N.Z. Refrig., 20s .. Nth. Canty., pf. .. Southland, c.d. 19 10 0 — 6 12 6 .— 1 14 0 — 12 3 — 3 2 0 — Gas— Auckland,. 5s paid 0 2 3 — Christchurch 10s paid 0 16 0 0 16 6 0 6 0 — Insurance— F.A.M.E. .. Pref. National .. New Zealand, x.d. 15 0 — 15 0 — 1 4 10 — — 5 18 0 South British Standard .. 2 14 9 2 15 0 4 2 6 — Loan and Agency— C.F.C A., ord. Pref. Chch. Bldg. Dalgety "A” 19 0 3 16 — 15 15 0 — — 0 9 7 "B” 0 9 0 0 9 3 Mutual Benefit N.Z.F. Co-op. 1st pref. “A” pref. “B” pref. 16 6 1 10 0 0 11 10 — 6 10 0 — 4 12 6 — 4 12 0 — 4 p.c. Stk., *60 .. 41 p.c. Stk., '55 .. Perm. Invest. 95 10 0 96 0 0 95 10 0 — 10 15 0 . — United Building .. 0 18 0 0 19 0 Wright, Stephenson, pref. Shipping— P. and O. Union, pref. .. 13 0 — ' 3 0 0 — 15 6 — Woollens— Bond* .. .. Bruce Feltex N.Z 3 13 6 — 1 17 0 — 14 9 — 18 3 — N.Z., pref. Kaiapoi, 17s paid .. Pref. Korma Textiles .. 12 6 13 0 13 8 — 13 6 — — 0 11 6 Pref 0 16 6 0 17 0 Lane, Walker, Rudkin, pref. Minster, ord. Pref. Timaru •• 13 0 — 0 9 9 — 0 19 0 — 14 0 —

Buyers. Sellers. £ s. d. £ s. d. Wellington, pref. .. 8 17 6 mm Miscellaneous— Amal. Batt. 1 4 6 MM Andersons, 1st pf. 1 9 MM Aulsebrooks, pf. .. 1 2 9 M— Aust. C.I., c.d. 1 19 6 2 0 0 Avon Metal — 0 14 0 Beath and Co. 2 6 3 wm Booth, Mac. 0 4 3 British Tobacco .. 1 10 6 mm Broken Hill Pty. .. 1 16 6 • 1 17 0 Claude Neon, N.Z. 2 4 0 mm Colonial Sugar 37 0 0 wm Consolid. Brick 0 10 6 0 11 3 Courtaulds 1 0 3 110 Dom. Builders. 0 11 0 Dom. Fertiliser 1 12 0 Donaghy’s Rope .. 1 17 6 1 19 0 D.I.C. 1 4 0 — Pref. 1 3 9 14 9 Dunlop Rubber — 16 3 Dunlop, N.Z. —— 0 15 3 Pref. 0 15 3 mm Electro. Zinc, ord. 1 2 9 1 4 0 Pref. 1 1 6 13 0 Farmers’ Trading 2 4 6 Fletcher Holds. 1 9 6 1 10 0 “B” pref. 1 1 9 —— Frozen Products .. 0 6 6 — G. J. Coles, x.d. .. 0 15 2 0 15 3 Hallensteins, c.d. .. 1 10 0 1 11 0 Hay’s, Ltd. 3 15 0 Henry Berry, ord. 1 2 3 12 6 Humes (N.Z.), pref. 1 2 9 13 0 I.C.I., A., N.Z., ord. 1 10 3 wm Contr. —~ 116 J. Gadsden 16 3 Pref. 1 2 3 WM K.D.V. Boxes 0 10 9 M— K.P. Drugs 5 12 0 WM McCaskey, pref. .. 0 17 6 MM McKenzies 0 14 7 MM M.K. Manufrs. 0 13 0 Morris Hedstrom 2 0 0 —— N.Z. Forest Prods. 0 11 0 0 11 3 Pref. 0 15 9 WM Norvic Shoes 0 18 0 Otago Daily Times 2 4 6 Reid Rubber, ord. 0 13 3 0 14 6 Pref. 0 18 0 WM. Sharland 2 4 0 Silknit 0 15 6 Skellerup, pref. 1 "1 6 12 0 Turnbull and Jones. C;d. 1 12 6 1 18 0 Weeks, ord. 2 0 0 MM Pref. 1 2 9 WM Whakatane, pf. .. mm 116 Contr., pref. 0 5 2 MM Whit, and Tombs .. 1 2 4 Wm. Cable ■ 7 0 WM Wilson Malt 0 19 0 MM W’worths., ord. 0 14 8 0 14 10 N.Z., ord. 0 19 6 10 0 N.Z., pref. 1 15 0 N.Z. p., pf. 1 2 9 MM W. R. Cooke and Son 0 7 6 MM Australian Mining— Austral. Amalg. .. 0 10 0 0 12 6 Mount Lyell 0 15 9 0 18 3 MiningGrey River 0 1 10 0 2 4 Waihi Invest. 0 3 0 UNLISTED STOCKS Buyers. Sellers. s. d. £ s. d. Ass. Mot. Pet., pf. 1 8 « Canty. Seed, rights 0*7 6 Beaths, Is paid, 19s deposit .. 1 16 0 2 0 0 Buntings 1 5 0 17 0 Canty, Seed — 19 0 Ch.Ch. Press 11 5 0 Lyttelton Pictures 1 ~2 0 Mac., Caley, Phoenix 1 10 0 wm 7s 8d paid 0 13 7 0 14 0 N.Z. Indust. Gases, ord. 1 9 9 M—M Reece, Ltd., E., pf. 0 11 0 ' MM Rink Invest. 1 4 0 Ross and Glendin. 2 11 0 Scales “C,” pref. ». 0 5 3 Tingey, R. and E. 0 12 3 MM Tekau Knitwear .. mm 1 3 10 Victoria Mansions 1 6 9 Watties Canneries 1 17 0 MM