COMMERCIAL
STOCK EXCHANGES
MARKED FRIDAY ACTIVITY
A substantial turnover for s a Friday was recorded on the Christchurch Stock Exchange yesterday. Some appreciable gains were written, and the only Joss on the day was a fractional one in the case of Norvic Shoes, a parcel of which sold 3d down at 14s 9d. A few more sellers appeared for Government stocks, but they were outnumbered by eager buyers. Bank of New South Wales shares and the rights,were again the centre of attraction. T'he shares sold 10s up at £3O 10s, with unsatisfied buyers at this figure. The rights were sparingly traded at £7 5s and £7 6s, the better price representing a gain of 3s. A. and N-Z. Banks showed a sharp rise, in business at 375, and at the close there were buyers® at 36s 9d and sellers at 37s 3d. British Tobacco rights were very freely traded, no fewer than eight parcels changing hands at 6s 10d to 7s. a total gain of There were sales and buyers of Coles at 17s Id. late sellers holding for 17s Id. Wooiworths, Ltd. were unchanged in business at 15s, and they came close to further sales, with buyers at 14s lid, and sellers at 15s Id.
Sales.—Late Thursday: £5OO 3 per cent. Stock, 1964-66, £9l ss; 25 Brit. Tobacco CVic. reg.), rts., 6s 9d; 500 Woolworths, Ltd., 15s. Unlisted: 350 Truth, pref., 22s 6d. Yesterday: £5OO 3 per cent. Stock, May, 1953-56, £99; £4150, December. £9B 10s; 1134 Com. Bank Aus., 17s.* and 250 contrib., 9s sd; 15 Bank N.S.W., £3O 10s, 13 (N.Z. reg.), rts., £7 4s, 5 £7 ss, 10 £1 4s 6d, 3 £7 ss. and 4 £7 4s 6d; 150 South British, 60s 3d, and 200 60s 6d; 100 North Auck. Farm., 20s 6d; 100 Kauri Timber, 22s 9d; 226 Brit. Tobacco (Vic. reg.), 6s 9d,*and 79 (Syd. reg.), 6s 9d; 300 Claude Neon, N.Z., 47s 6d; 50 Farm. Trading, 41s 9d, and 105 B pref., 255; 800 Fletchers, 31s 6d; 400 Coles, 17s. Unlisted: 24 Alex Harvey, rts., 2s; 300 Maple Holdings, 40s.
WELLINGTON Sales.—Late Thursday: 10 Colonial Sugar, £37. Yesterday: £2OO 4 per cent., 52-55, £lOl 10s; 1000 3Y 2 per cent., 22/5/60. £9B ss; Bank N.S.W., rts. (3 sales), £7 ss; 500 Comm. Bank of Aust., 17s; 200 Aust. Foundation Invest., rts., 2d; 37 British Tobacco, rts.. 6s 9d; 150 Dunlop Aust., 25s 6d; 320 McKenzies, 15s 7d; 500 Woolworths, Ltd. (3 sales), 15s Id. Uhlisted: 350 Truth, N.Z., pref., 22s 6d.
DUNEDIN Sales.—Late Thursday: 200 Coles, 17s. Yesterday; £5OO N.Z. Govt., 3 per cent., 15/5/53-56, £9B 17s 6d; £5lO 4 per cent., 15/6/52-55, £lOl ss; 31 Bank N.S.W:, ris. (2 sales), £7 ss; 200 N.Z. Refrig., cont., 18s 3d; 75 Perpetual Trustees, 435; 127 Wright, Stephenson, ord., 60s 6d; 206 Hailenstein Bros., 30s 9d; 300 Turnbull and Jones, ord., 345. Unlisted: 1113 C.S.W., pref., rts. (4 sales). Is 3d. INVERCARGILL Sales Reported.—93 British Tobacco, rts. (4 sales), 6s sd; 4 Bank of New South Wales, its., £7 3s; 500 Wool worths Ltd., 15s; 282 Duncan and Co. (unlisted). 265. OVERSEAS EXCHANGES SYDNEY Rises ip a few leading industrials gave a stronger lead to a busy market on tne Sydney Stock Exchange yesterday. Sales.—Burns Philp, 535; Colonial Sugar, £43 7s fid; David Jones, 475; British Tobacco, 34s l%d, and rights, 8s; General Industries, 38s 6d; Woolworths, 17s 6d; Coles, 20s; Ainpol, Ils lOd; Bradford, 35s 3d; Feltex, 29s &d; Drug Houses, 295; Dunlop, 29s 9d; Broken Hill Pty., 425; New Broken Hill, 30s; Mount Morgan, 22s lOlzd; Oil Search, 5s lid. MELBOURNE The investment market remained firm on the Melbourne Stock Exchange yesterday. Sales generaHy covered a wide range. Sales.—Bank New South Wales, rts., £7 18s; Goldsbrough, 36s 3d; A'asian Paper, 17s Hd; Carlton Brewery, 31v5d; A.C.1., 445; AustraHan Iron and Steel, pref., 28s; Courtaulds, 235; Dunlop, 29s 9d; Coles, 20s; Herald, 18s lid; Humes., 475; Kauri, 265; Woolworths, 17s 6d; Electro Zinc, 28s: Broken HiH South, 55s 9d; New Broken HiH, 29s 6d; North Broken HiH, 70s (id; Mount LyeH, 17s 9d; Mount Morgan, 22s 9d; Oil Search, 5s 9d.
DOMINION TRANSACTIONS CHRISTCHURCH Sales on ’Change, Listed £ s. d. Var’n. 209 A. and N.Z. Bank, 2 sales .. -. 1 17 0 4-1/9 8 Bank of N.S.W., rts. 7 5 0 4-2/-513 Brit. Tob. rts., 6 sales 0 7 0 4-3d 100 Dunlop. N.Z.. ord. .. 0 15 0 N.C. 450 G. J. Coles, 2 sales 0 17 0 N.C. 500 Sales Reported, Listed NJZ. Govt., 3 p.c. Stk„ 52-55, late sale Thursday. . - .. 98 15 N.Z. Govt., 4 p.c. Stk., 52-55, late sale Thursday .. 101 10 0 470 0 15 Bank of'N.S.W. .. 30 10 Bank of N.S.W., rts., 2 safes .. .. 7 5 0 +10/14 0 +2/10 Bank of N.S.W., rts. 7 6 0 +3£ 250 Sth. British Insce. - 3 0 0 100 N.Z. Farmers’ Co-op., 4j p.c. Stock, 1960 97 0 0 — 401 British Tobacco, rts., 2 sales .. 0 6 10 + ld 700 Fletcher Holdings .. 1 11 6 4-3d 200 Norvic Shoes .. 0 14 9 —3d 133 W’worths, Ltd. .. 0 15 0 N.C.
CHRISTCHURCH QUOTATIONS N.Z. Government— Buyers. £ s. d. Sellers. £ s. d. 21 p.c., 15/8/54 .. 99 0 0 3 p.c., 1/8751-54 .. 100 2 6 MM 3 p.c., 15/y/52-55 .. 98 15 0 3 p.c., 15/5/53-56 .. 99 2 6 3 p.c., 15/12/53-56 .. — 98 10 0 3 p.c., 15/2/55-58 .. 96 17 6 3 p.c., 15/8/59-61 .. 93 10 0 93 15 0 3 p.c., 15/4/60-63 .. 91 15 0 3 p.c., 15/7/61-63 .. 92 7 6 3 p.c., 15/7/62-64 .. 91 10 0 3 p.c., 15/7/63-65 .. 91 0 0 91 5 0 3 p.C., 15/5/64-66 .. 91 0 0 3} p.c., 15/1/56 59 .. 96 0 0 __ 3| p.c., 15/5/62 —— 99 5 0 4 p.c., 31/5/54-58 .. 101 o o Auckland City, 4 p.c., 30/9/67 MM 99 10 0 Malvern E.P. Brd.» 42 p.c., 31/5/62 .. _M 103 7 6 Banks— Aust, and N.Z. 1 16 9 1 17 3 Comm, of Aust. .. 0 17 0 0 17 4 Comm, of Sydney 19 0 0 E.S. and A. 5 ~4 0 Nat. of A’sia, £1, c.d. • .. —M. 1 10 0 12s 6d. c.d. ——. 0 19 6 National of N.Z. .. 3 12 6 N.S.W. 30 10 0 m— N.S.W., rights 7 5 0 7 7 0 Breweries— Ballins, ord. __ 12 9 Pref 116 New Zealand 2 2 0 2 2 6 Coal— Pukemiro ., 1 11 0 Frozen MeatCanterbury Nth. Canty., pref. 20 10 0 12 4 20 12 8 Southland 312 6 GasAuckland .. 0 5 7 0 5 11 Christchurch . 0 17 0 0 18 6 10s paid 0 7 9 0 8 3 InsuranceVictoria Insce. .. 1 13 0 F.A.M.E. 15 0 F.A.M.E., pref. .. 15 3 National .. .. 15 6 New Zealand 5 18 0 South British . 2 19 6 Standard .. 4 6 0 Loan and Agency— C.F.C.A., ord. 16 0 1 10 0 Cred, and Fin. Chch- Building 119 16 0 0 Dalsety, “A" 0 10 6 “B” .. 0 10 3 0 10 5 Mutual Benefit 17 9 Nat. Mortgage A .. 0 8 2 __ N.Z.F. 0 12 9 1st pref. 0 14 3 “A” pref. 0 12 3 —— 41 p.c. Stk., ’55 .. 98 7 6 MM. 41 p.c. Stk., ’65 .. 97 0 0 N.Z. Guarantee 0 2 3 N.Z.L. and Met. .. 14 3 — Perm. Invest. 11 10 0 MM S.I. Finance 17 3 United Building .. 1 ”1 o Wright, 3 ~0 3 13 0 ShippingNorthern, c.d. •. —_ 0 10 3 P. and O. .. 3 10 0 Union, pref. .. 16 3 Timber— Kauri .. •• 119 Woollens— Feltex, c.d. 15 3 Kaiapoi13 9 Pref. .. •• 13 9 Korma. ord. •• 0 13 0 MM. Pref. c.d. 0 18 0 —— Manawatu .. 3 14 0 Mosgiel .. •• 2 12 0 L. W. Rudkin 2 16 9 M—— Timaru 15 6 MM Miscellaneous— Alloy Steel (N.Z.) 2 11 9 Amalg Batt. 15 6 Andersons (1st pf.) 119 Aust., CX 1 18 0 1 18 5 Beath and Co. 2 12 6 2 14 0 Beggs 2 0 0 Booth, Macdonald 0 4 0 —M British Tobacco .. 19 0 1 10 0 Rights Brokefi Hill Pty. .. 0 6 10 1 16 1 1 16 5 Canty. Saleyards .. 1 19 6 Coulls Somerville .. 17 8 MM Dental and Med. 1 14 0 — Donaghy’s Rope .. 1 19 0 MM D.I.C., 10s nd., x.d. Dub lop, N.Z. .. 15 9 0 15 0 0 15 1 Pref 0 15 6 Evans Atlas 0 18 3 Farmers 2 ~0 6 2 2 6 Fletchers 1 11 3 1 12 0 Frozen Products .. 0 6 6 G. J. Coles 0 17 0 on i Greater Crystal .. 10 6 12 6 Hallensteins .. 1 11 8 Humes, Far East, pref, 9 9 , —1, 13 6 Humes 2 0 0 Hay’s mm 3 13 6 Humes (N.Z.), pref. MM 13 2 I.CX, A., N.Z. 1 10 O’ J. Gadsden, pref. .. 12 9 —
K.D.V. Boxes Buyers. £ s. d. 0 10 5 Sellers, £ s. d. K.P. Drugs _— 5 14 0 Macky Logan Mating, pref. McKenzies 1 12 0 — 9 Morris Hedstrom, 1 NX. Express _ ... 1 J 0 NX. Indust. Gases, N^. e Newspapers . . 2_8 0 N.Z. Paper Mills, 1 12 0 14 Norvic Shoes 0 Otago Daily, Times — 2 6 3 ing .. 2 9 6 —. Reid Rubber > .. 0 14 0 Skellerup, jpref. 1 1 6 pref. Turnbull & Jones, pref. 0 19 9 1 0 6 1 0 6 Tip Top Wnakatane, ord. .. 2 0 0 17 0 6 Whit. and_ Tombs 1. 1 4 0 Wilsons Cement, W’worths, ord. 0 14 11 0 15 1 (NX.), pref. 1 15 0 W PP - P re £ * • • 1 3 6 Williamson, Jeffrey 1 4 0 . Overseas Listings— 0 Aust. Mining— . Austral .. 0 11 9 0 13 6 Mount Morgan Mining— 0 18 11 Grey River .jt 0 2 4 0 3 q UNLISTED STOCKS Andrews and Beaven. ord. Pref Ass. Pet. pf. 1 4 0 — 1 10 6 1 13 0 Beaths, 'is pd\ 19s — deposit 1 18 0 1 18 6 p.c.» pref.’ ** 1 1 0 Chch. Press Couils, S.» Wilkie, 11 5 0 — Matea "Forests 0 1 0 2 3 0 2 0 Nat. Tobacco 1 0 N Z. Indust. Gases 1 5 0 1 11 0 Tekau Knitwear .. 1 0 0 0 Victoria Mansions 1 6 6 Watties Canneries 1 19 6 Wooff and Salveson 1 6 0
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19531107.2.112
Bibliographic details
Press, Volume LXXXIX, Issue 27191, 7 November 1953, Page 8
Word Count
1,710COMMERCIAL Press, Volume LXXXIX, Issue 27191, 7 November 1953, Page 8
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.