COMMERCIAL

Press, Volume LXXXIX, Issue 27193, 10 November 1953, Page 8

COMMERCIAL

STOCK EXCHANGES DULL TRADING Markets were dull and inactive on the Christchurch Stock Exchange yesterday. Recorded dealings were restricted to a few stocks. The only sale on ’Change was that of a parcel of 3 per cent. 1955-58 Government Stock, which sold at £B7, 2s 6d up On Friday’s buying quotation. - Bank of New South Wales rights were traded unchanged at £7 ss, with further buyers at £7 4s 60, sellers holding for £7 6s. Two parcels of AN2. Bank sold unchanged at 375. and closing quotations were buyers at 36s 9d and sellers at 37s 3d. National Insurance scored a rise of 4£d to sell at 25s 9d, with further buyers at 25s 6d—sellers 9d away. Coles changed hands at the fractionally better price of 17s Id. and at the close there were buyers at 17s and sellers at 17s 3d. Buyers for Woolworths, Ltd., dropped their offers to 14s 9d, whilst sellers increased their price fractionally to 15s 2d. Woolworths, New Zealand, reappeared on the quotations list with buyers at 19s 3d and sellers at 19s 6d„ , British Tobacco rights, which sold on Change on Friday at the improved price of 7s, dropped back to buying offers of 6s 5d And sellers at 6s 9d.

Sales.—Late Friday: £650 3 per cent. Stock, 60-63. £9l 17s 6d; 100 New Zealand Insurance. £5 19s; 200 Kauri Timber, 22s 9d; 600 Fletchers, 31s 6d; 310 Coles, 17s. Yesterday; £675 3 per cent. Stock, 195760, £95; 100 Dominion Breweries, 80s; 700 Wilcox, Mofflin, ss; 300 Northern Steam, 9s lOd; 311 British Tobacco, rights (Victorian registry), 6s 9d; Claude Neon, N.Z., 47s 6d; 400 Myer Emporium, 8s 6d; 300 Wolworths. Ltd., 14s lid, and 600 15s. Unlisted: 120 Alex. Harvey, rights. 2s; 150 Con. Brick, pref., 16s; 200 J. Wattie Canneries, 42s 6d. WELLINGTON Sales.—£3oo 4 per cent. Stock, 52-55, « 101 10s: £5OO 3 Per cent. Stock, 61-63, £92 10s; £585 31 per cent. Stock, 57-60, £95 12s 6d; 70 Bank New South Wales, rights (7 sales), £7 ss; 500 South British Insurance (3 sales), 60s 6d; 185 British Tobacco, rights (4 sales), 6s 9d; 500 Broken Hill Pty., ex, 36s 6d; G. J. Coles (4 sales), 17s; 235 N.Z. Forest Products, 12s lOd; 100 Wright, Stephenson, ord., 60s 6d. Unlisted: 200 Colonial Motors. 445. DUNEDIN Sales.—soo N.Z. Refrig., cont., 18s 3d; 200 National Insurance, 25s 6d; 207 C.S.W., cop*-- 22s- 200 Hallenstein Bros., 30s 9d; 300 Milburn Lime, 26s 6d. OVERSEAS EXCHANGES SYDNEY The improvement of the share market was maintained on the Stock Exchange yesterday, although most key stocks were steady. x Ampol. Us Id; British Tobacco, ’ißhts, 88 Colonial Sugar, £43 10s; David Jones, 31s 6d; Feltex, 30s 3d; General Industries, 38s 6d; Coles. 20s; Voolworths, 17s 6d; Bonds Industries, 24s ?? : , J ? urns Philp, 535; .Courtaulds, 225; Goldsbrough, 36s 3d; N.Z. ForeSt, 15s 101 d; Pty ” 425: Mt - Morgan, 22s lOJd; Oil Search, 6s 2d. MELBOURNE ..The investment section was active on the Melbourne Stock Exchange yesterday, ° u t price movements were irregular. Sales.—E., S.. and A. Bank, £6 8s; Commercial Bank of Australia, pref., £6 8s; Amalgamated Wireless, 28s 9d; Australasian Paper, 18s; A.C.1., 445; Bradford, 35s od; Drug Houses. 30s; Dunlop, 30s; Feltex, 5* ral< l’«J a V I< L : My er - 10s ld : Broken gin Pty., 425; Broken Hill South. 55s 9d; Mt. Lyell,l7s 7d; Emperor. 17s; Mt. Morgan, 22s 8d; Oil Search, 6s 3d.

DOMINION TRANSACTIONS CHRISTCHURCH Sales on ’Change Listed £400 N.Z. Govt. 3 p.c. £ S. d. Var’n. Stock, 1955-58 97 0 0 —— Sales Repotted, Listed £550 N.Z. Govt. 3 p.c. Stock. 1951-54 100 5 0 300 A.JTZ. Bank (2 sales) 1 17 0 N.C. 32 Bank of N.S.W., TigHts .. .. 7 5 0 N.C. 200 National Insce. 15 9 +4jd 500 G. J. Coles 0 17 1 4-Id AUCKLAND

CHRISTCHURCH QUOTATIONS Buyers/ Sellers. N.Z. Governmentx. s. a. Si p.c., 15/8/54 .. 99 0 0 3 p.c., 1/8/51-54 .. 100 2 6 3 p.c., 15/12/53-58 .. 98 0 0 98 10 0 3 p.c., 15/8/59-61 .. 93 10 0 3 p.c., 15/4/60-63 .. 91 15 .0 MM 3 p.C„ 15/7/61-63 .« 92 3 p.c., 15/6/61-64 .7 91 15 0 3 p.c., 15/7/63-65 .. 91 5 0 3 p.c., 15/5/64-66 .. 91 "o 0 4 p.c., 15/6/52-55 .. 101 5 0 MM Auckland City, 4 BanJil 30/9/67 99 10 0 Aust, and N.Z. .. 1 16 9 1 17 3 Comm. of. Aust. .. 0 16 9 E., SI, and A. ..5 0 MM N.S.W., rights .. 7 N.S.W 30 Breweries— 6 7 6 0 10 — Ballins. ord. .. 1 1 g __ Pref. *.. 1 1 6 M— New Zealand •• 2 Frozen Meat— 2 0 2 2 6 N.Z. Ref rig. .. 1.17 0 MM 10s .. 0 IB 0 MM Nth. Canty., Qf. .. 1 2 4 MM Southland .. — 3 12 0 Auckland •• 0 5 7 0 5 11 Christchurch •• 0 17 9 0 18 3 10s paid .. 0 InsuranceVictoria ... .. 1 7 9 0 8 3 13 0 F.A.M.E 1 5 0 MM Pref. .. .. 1 5 3 MM "National .. 1 5 6 1 6 3 New Zealand .. 5 18 6 M— South British .. 3 0 0 MM Standard . .. 4 Loan and Agency— 6 0 — Cred, and Finance 1 1, 9 MM -Chch. Building .. 16 0 0 MM Dalgety, “A" .. 0 10 8 — ”B” .. 0 10 4 0 10 6 Mutual Benefit 1 9 Nat. Mortgage "A” 0 8 2 MM N.Z.F. Co-op. .. 0 12 0 0 12 9 “A” pref. .. 0 12 0 M— 41 p.c. Stk., *55 .. 98 7 6 MM 4J p.c. Stk., '65 .. MM 97 0 0 N.Z. Guarantee .. 0 2 3 MM Perm'. Invest. .. 11 10 0 MM S. Island Finance MM 1 9 0 United Building .. 0 19 9 MM Wright, Stephenson 3 0 0 — Pref 1 2 9 MM Shipping— Northern 0 10 3 P. and O. .. 3 10 0 MM Union, pref. .. 1 6 1 1 6 5 Kauri, c.d. ... 1 Woollen*— 1 9 — Feltex, c.d. •« 1 5 3 1 6 0 N.Z., pref.* — 1 3 0 Kaiapoi .. .. 1 3 9 — Korma, ord. .. 0 13 0 MM Manawatu .. 3 14 0 MM Mosgiel .. .. 2 Lane, Walker, Rud12 0 — kin .. ... 2 16 6 MM > Timaru .. . • 1 Miscellaneous— 5 6 — Aust. Cl. 1 18’ 0 1 18 6 Avon Metal .. — 0’12 6 Bea th and Co. •• 2 12 6 2 13 9 Beggs ..2 0 —- Booth, Mac. .. 0 4 0 — British Tobacco, c.d. M— 1 10 0 Rights .. 0 g 5 0 6 9 Broken Hill Pty. .. 1 16 0 1 16 6 Cant. Saleyards .. 1 19 0 — Colonial Sugar .. 36 15 0 MM Coulls, Somerville 1 Dom. Builders .. 0 7 6 MM 12 0 MM Donaghy’s Rope .. 1 19 0 — Dunlop Rubber .. 1 4. 0 M— Dunlop, N.Z. •*. 0 14 11 MM Evans Atlas .. 0 17 3 0 18 3 'Farmers .>• Mm 2 2 6 Fletchers .. 1 11 3 1 12 0 Frozen Products .. 0 6 6 MM. G. J. Coles .. 0 17 0 0 17 3 Hallensteins • • 1 10 6 1 11 6 Hay’s •• 3 13 6 I.C.I., A., N.Z. .. 1 9 0 — K P. Drugs 5 14 0 Maling. pref. .. 1 0 0 MM McKenzies .. 0 15 9 0 16 3 Milburn Lime Morris, Hedstrom, — 1 7 6 c.d. 2 N.Z. Indust. Gases, 1 0 — pref. .. ... 1 0 0 N.Z. Forest Prods. 0 12. 9 0 12 11 Pref. .. .. 0 17 0 MM N.Z. Newspapers ... 2 8 0 N.Z. Paper Mills .. 1 12 0 1 13 9 Norviir Shoes .. 0 14 6 — Otago Daily Times — 2 6 3 Pukemiro Coal Ross and Glendin- — 1 11 0 ing .... ... 2 9 6 2 9 9 Petrous Tile .. 1 2 6 MM Skellerup, pref. .. ——— 1 1 g Smith and Smith .. 0 Turnbull and Jones, 19 6 1 0 6 pref. ... 1 0 6 MM Weeks .. --L MM 2 0 0 Whakatane, ord. . • MM 1 2 1 Pref., con. .. 0 10 3 Whit, and Tombs .. 1 4 6 OM Wm. Cable .. 1 8 ,3 1 9 0 Tip Top .. .. 0.19 Wilson’s Cement, 0 — cal 0 140 0 14 • W’worths., ord. .. 0 14 9 0 15f 2 (N.Z.), ord. 0 19 3 0 19 6 Zealandia Millings 1 10 0 W. R. Cooke and Son .. .. 0 Williamson, Jeffrey, ■d — x.d T 3 3 MM Pref. — r 2 6 UNLISTED STOCKS Andrews and Beaven, ord. .. 1 4 0 1 8 0 Pref. .. .. 1 1 0 MM Ass. Mot. M. ti. >13 •

Buyers. £ s. d. Sellers. £ s. d. Airwork, N.Z. • 1 10 15 0 Airwork, N.Z., pref. 111 13 0 Beaths (Is paid, 19s deposit) 1 19 0 Christchurch Press Coulls, Somerville, 11 5 0 — Wilkie, rights .. 0 14 0 15 D.Y.C., pref x 1 15 0 Mac., Caley, Phoenix 0 18 3 0 18 3 Ma tea Forests 0 2 5 N.Z. -Motor Bodies 2 10 N.Z Indust. Gases, ord. ** 1 11 0 Tingey 0 12 9 0 13 5 Victoria Mansions 16 0 Wattiea Canneries iia «