COMMERCIAL

Press, Volume LXXXIX, Issue 27131, 29 August 1953, Page 10

COMMERCIAL

STOCK EXCHANGES WEEK ENDS ON FIRM NOTE The week on the Christchurch Stock Exchange finished yesterday on a firm note, and markets remained active. Prices showed little variation, and gains outnumbered losses. New Zealand Breweries confirmed their rising tendency by selling 6d up at 41s 3d, with buyers prepared to carry on at the same price, but no further sellers appeared. National Insurance gained 3d in a sale at 25s 9d. Heavy trading persisted in Dalgety’s B shares at the unchanged figure of 9s 3d, the market closing with further buyers at 9s 2d—sellers Id away. Australian Consolidated Industries fluctuated between sales 2d up at 38s 3d and 38s, and there were more in demand at the latter figure. Coles continued to be erratic, with sales Id down at 15s 4d, but late sellers held for 15s 6d. Woolworths, Ltd., sold unchanged at 14s 6d, and at the close there were unsupported sellers at 14s 7d. Buying bids for Woolworths, New Zealand, remained at 19s 9d, and sellers stayed off the market. McKenzies Were close to business, with buyers offering 14s lid and sellers quoting 15s. Canterbury Seed rights regained their sharp drop on Thursday to sell at ss. Quotations for these rights have now closed. A large parcel of Denhard Bakeries, which are seldom traded locally, changed hands at 12s. DOMINION TRANSACTIONS CHRISTCHURCH

, AUCKLAND Sales.—Late Thursday: 100 Ballins Brewery, 22s 9d; 300 Korma, pref., 18s; 100 Bycroft, 46s 6d; 300 Woolworths, Ltd., 14s 6d. Yesterday: £3700 3 per cent. Stock, 1959-61, £93 6s 3d; £445 3 per cent. Stock, 1960-63, £93; £3OO 31 per cent. Stock, 1953-57, £9B 15s; 200 A. & N.Z. Bank. 345; 250, 34s IJd, and 300 34s 6d; 10 Bank N.S.W., £35 15s: 250 National Insurance, 25s 9d; 400 N.Z. Insurance, £5 19s; 100 South British, 555; 200 Korma, 14s 6d, and 500 pref. 18s; 100 A.C.1., 38s; 100 Brents, 395; 100 Broken Hill Pty., 375: 10 Colonial Sugar, £37; 600 Consolidated Brick, 10s; 500 Electro. Zinc, pref., 21s; 200 Coles, 15s 4d; 1330 Greers Ind., 27s 6d; 200 Humes, Ltd., 41s 6d; 1000 Forest Products, Ils lid; 149 N.Z. Newspapers, 475; 200 Turnbull and Jones, 34s 6d; 600 Wilson’s Cement, 14s sd; 200 Woolworths (N.Z.) Properties, pref., 23s 3d. Unlisted: 200 Alex. Harvey, 55s 6d; 100 F. M. Winstone, pref., 17s 6d. WELLINGTON Sales.—Late Thursday: £5OO 3 per cent., 55-58, £96 2s 6d. Yesterday: £lOOO 3 per cent., Dec., 53-56. £97 15s; £3OO 4 per cent.. 54-58, £lOO 15s: 10 Bank N.S.W., £35 15e: 400 National Bank of Australasia, fully paid. 29s 3d; 198 N.Z. Breweries (3 sales), 41s; 300 Gear Meat. 275; 300 Wellington Gas, 235; 200 Newton King, 12s; 400 Wright, Stephen-on (two sales), 60s6d; 100 Mamaku Forests, 4s; 150 Taupo Totara, 395; 500 Broken Hill Pty. (three sales), 375; 200 G. J. Coles. 15s 4d; 500 N.Z. Forest Products. Ils lid; 200 Wm. Cable Holdings. 28s; 600 Wilson's Cement, 14s sd; 200 Turnbull and Jones. 34s 6d; 400 Henry Berry, 22s 6d. DUNEDIN Sales.—l2o National Bank of N.Z. (two sa’es). 655; 170 N.Z. Refrig., cont.. 17s 4d; 100 South British Insurance. 555; 100 Korma Textiles, pref.. 18s; 500 Fletcher Holdings, “B” pref., 22s 6d; 100 Humes, Ltd., 41s. OVERSEAS EXCHANGES SYDNEY Heavier trading on the Sydney Stock Exchange yesterday caused a widespread fluctuation in share prices, but the firm note continued to predominate. Sales.—Commercial Bank, of Sydney, £22 2s: Commercial Bank of Australia. 21s; National Bank, 20s, paid 35s 3d; Bank New South Wales, £4l 2s 6d; Tooheys, ex div., 28s 4Jd; Tooths, 70s; Associated News, 21s 9d, and pref. 18s 9d; A.C.1., ex div.. 455; Broken Hill Pty.. 43s 6d; Colonial Sugar, £43 15s; G. J. Coles, ex div., 18s; Woolworths, 17s 4Jd; Yarra Falls, 42s 6d; South Broken Hill, 56s 6d; Mt. Morgan, 235; Oil Search, 5s lid; Anthony Hordern. 20s: Australasian Paper, 19s IJd; Bradford. 36s IJd; British Tobacco, 38s; Burns Philp. 565: Courtaulds, 255; Drug Houses, 31s 4Jd; Gordon and Gotch, 20s 6d. MELBOURNE

A smaller turnover was recorded in investment shares on the Melbourne Stock Exchange yesterday, and the undertone was irregular.

Sales.—Commercial Bank of Australia, 20s lOd; Goldsbrough, 35s 6d; Australasian Paper. 19s 3d; A.C.1., 455; British Tobacco. 38s; Broken Hill Pty., 43s 3d; Colonial Sugar, £43 12s 6d; Courtaulds. 24s 10d; Dunlop. 29s 3d, and pref. 38s: Electrolytic Zinc, 275, and pref. 25s 6d: Felt and Textiles. 2Ss; G. J. Coles, 18s 2d; Gordon and Gotch. 20s 6d; Herald. 16s; Humes, 49s 6d; N.Z. Forest, pref.. 19s 9d; Emperor, 16s; Mt. Morgan, 235; Oil Search, 6s. LONDON Minings.—Broken Hill North, 56s 3d; New Broken Hill, 22s IJd.

Sales on ’Change Lister £ s. d. Var’n. 200 Woolworths, Ltd. .. 0 14 6 N.C. Sales Reported, Listed 100 Comm. Bank of Aust. 0 17 N.C. 200 N.Z. Breweries 2 1 3 4-6d 100 National Insurance 1 5 9 + 3d 2300 Dalgetys, “B,” 4 sales 0 9 3 N.C. 200 Aust. Con. Indus. 1 18 3 4-2d 100 Aust. Con. Indus. 1 18 0 -Id 1000 Denhard Bakeries .. 0 12 0 200 G. J. Coles, 2 sales 0 15 4 — Id 200 Humes, c.d. 2 1 6 N.C. 149 N.Z. Newspapers, c.d. 2 7 0 N.C. 300 Woolworths, Ltd., c.d., late sale Thurs. 0 14 6 N.C. 200 Woolworths, N.Z. Props., pref. 1 3 3 N.C. Sales Reported, Jnlistec 100 Canty. Seed, rights 0 5 0 + V6

CHRISTCHURCH QUOTATIONS Buyers. Sellers N.Z. Govt.— 2J 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 .. — 99 15 0 3 p.c., 15/5/53-56 .. 98 5 0 3 p.c., 15/12/53-56 .. 97 10 0 3 p.C., 15/4/56-59 .. —.. 96 5 0 3 p.c., 15/11/57-60 .. —— 94 17 6 3 p.c., 15/4/60-63 .. 92 15 0 3 p.c., 15/7/61-63 .. 91 15 0 m— 3 p.c., 15/6/61-64 .. 91 5 0 _m 3 p.c., 15/7/62-64 .. 91 5 0 3 p.c., 15/7/63-65 .. 90 10 0 3j p.c., 15/9/57-60 .. 96 7 6 MM 3? p.c., 15/5/62 .. 98 12 6 —— 4 p.c., 15/6/52-55 .. 100 It 0 100 15 0 Aust, and N.Z. .. 1 14 6 Comm, of Aust. .. 0 17 6 0 18 0 Pref. .. .. 7 0 0 New 0 17 3 Comm, of Sydney 17 10 0 E., S., and A. ..4 19 0 Natl, of N.Z. .. 3 5 3 —— N.S.W. Breweries— — 36 0 0 Ballins, ord. • . 1 2 6 1 3 0 Pref. .. .. 1 1 6 1 2 3 New Zealand .. 2 1 3 Westland .. 1 Frozen Meat?— 11 0 — Canterbury .. 20 2 6 Pref. .. .. 7 2 6 N.Z. Refrig. .. 1 15 3 M— 10s .. .. 0 17 3 0 17 7 Nth. Cant., pref. .. 1 2 3 Southland, pref. .. Gas— 3 6 0 Christchurch .. 0 16 6 MM 10s paid .. 0 6 4 MM Wellington, pref. .. 1 Insurance— 1 0 — F.A.M.E. .. 1 5 0 MM Pref. .. 1 5 3 M— National .. .. 1 5 0 1 6 0 South British .. 2 Loan and Agency— 14 9 Chch Building .. 16 0 0 MM Dalgety .. 0 9 7 —— **B” .. .. 0 9 2 0 9 3 Goldsbrough, Mort 1 9 0 1 9 9 Mutual Benefit .. 1 7 6 1 10 0 Nat. Mortgage “B” 1 18 0 N.Z.F. Co-op. .. 0 12 2 MM “A” pref. .. 4 12 6 MM ‘'B’’-*pref. .. 4 12 0 MM 4J p.c. Stk., ’60 .. 96 12 6 — 4J p.c. Stk., *55 .. 97 2 6 —M N.Z. Guarantee .. 0 2 3 Perm. Invest. .. 11 0 0 Perp. Trustees .. 1 6 6 United Building .. 0 Wright, Stephen18 6 son, c.d. .. 3 0 0 3 1 6 Pref., c.d. .. 1 3 0 Shipping— Union, pref. .. 1 Woollens— 6 0 — Bonds, c.d. .. 3 15 0 Feltex .. .. 1 4 0 N.Z. .. .. 1 8 0 N.Z., pref. .. 1 *2 6 Korma, ord. .. 0 13 6 0 15 0 Manawatu .. 3 14 0 Timaru .. 1 Lane, Walker. Rud4 0 1 5 0 kin .. .. 2 14 6 2 17 6 Pref. .. .. 1 3 0 Miscellaneous— Alloy Steel, N.Z. .. 2 12 6 Amal. Batt. .. 1 4 6 Andersons, 1st pf. 1 9 Aust. C.I. .. 1 18 0 . Aulsebrooks, pref. 1 3 0 Avon Metal 0 13 9 Beath and Co. .. 2 6 6 Beggs .. 1 18 9 Berlei, N.Z. 1 19 0 Booth, Macdonald 0 4 6 Brit. Tobacco, c.d. 1 10 10 1 IL 6 Bfoken Hill Pty. .. 1 16 9 1 17 0 Canty. Saleyards .. 1 16 0 Colonial Sugar .. 37 0 0 37 ~5 0 Courtaulds .. 1 0 9 Dom. Builders .. 0 11 9 0 12 9 Denhard Bakeries 0 11 6 0 13 0 D.I.C., 10s pd. .. 1 4 0 D.I.C., pref. .. 1 4 6 MM Dunlop Rubber .. 1 4 0 MM Dunlop, N.Z. —— 0 15 3 Pref. .. 0 15 3 MM Electro. Zinc, pref. 1 1 0 1 1 6 Ev/ms Atlas •. — 0 18 6 Fletchers «« 1 • 6 1 10 •

*'B” pref. Buyers £ s. d. 12 3 Sellers £ s. d Frozen Products .. 0 6 6 F. T. Wimble 2 10 6 G. J. Coles 0 15 4 0 15 6 Hallensteins 1 10 6 Hay’s — 3 13 0 Henry Berry, c.d. 12 3 13 0 Humes, c.d. 2 19 Humes, N.Z., pref., c.d. 12 9 I.C.I., A., N.Z., ord. 1 10 7 1 11 0 J. Gadsden 16 6 Pref. 12 7 K.D.V. Boxes, c.d. 0 10 9 K.P. Drugs 5 13 0 Mason. Struthers, £1 paid. c.d. 1.13 6 14s paid, c.d. 13 6 10s paid, c.d. 0 17 1 McCaskey, pref. 0 18 0 McKenzies 0 14 11 0 15 0 Metters, N.Z. 0 15 0 Milburn Lime, new - 17 0 M.K. M’frs. 0 12 6 0 13 0 Natl. Electric 5 2 6 N.Z. Forest Prod. 0 11 6 0 12 0 N.Z. Industrial Gases, pref. 116 N.Z. Newspapers, c.d. 2 7 0 Norvic Sl.oes 0 18 0 Otago Daily Times 2 4 9 Quill Morris, c.d. .. 12 6 Reid Rubber 0 10 0 Pref. 0 19 0 Skellerup, pref. 1 1 0 116 Weeks, pref. 12 9 Whakat., ord, c.d. 0 19 0 Pref., c.d. 12 0 Whit, and Tombs 12 9 13 3 Wm. Cable 18 3 “B” pref. 110 Whittome Stevenson 2 0 0 Wilson Malt 0 19 0 W’worths, ord. 0 14 7 N.Z., ord. 0 19 9 N.Z., pref., c.d. 1 15 6 Pp. pf.. c.d. 13 3 W. R. Cooke and Son 0 8 3 .— Williamson, Jeffrey, c.d. 13 6 __ Pref., c.d. 119 - Aust. Mining— Austral Amalg. .. — 0 12 6 Mount Lyell 0 15 0 Mining— Grey River 0 2 3 0 2 9 Waihi Invest. 0 3 0 UNLISTED STOCKS Ass. Mot. Pet., pf. 1 10 1 A. and T. Inglis .. 116 Beaths, Is paid, 19s deposit Buntings 11 0 1 19 6 Canty. Seed, rights 0 5 0 John Chambers / .. 15 6 Credit and Finance, ord. 0 19 6 15 0 Prudential Bldg. .. 110 Ross and Glend. .. 2 12 6 Scales. “C” pref. 0 5 6 Victoria Mansions 16 0 Watties Canneries 1 19 0 New M •• 1 18 • —