COMMERCIAL

Press, Volume LXXXIX, Issue 27213, 3 December 1953, Page 14

COMMERCIAL

STOCK EXCHANGES

AUSTRALIAN SHARES WEAKER

In another fairly heavy day’s trading on the Christchurch Stock Exchange yesterday, price movements of most stocks dealt in moved in buyers’ favour. These variations, however, were nearly all confined to Australian-domiciled shares. No appreciable falls were registered, and business was widely spread. New Zealand Government securities continued to interest buyers, no fewer than seven parcels changing hands, and at the close of the day the demand continued to remain unsatisfied. Another feature of the day’s operations was the complete absence of transactions in Bank of New South Wales rights. There was no lack of buyers at the firm rate of £7 9s 6d. but sellers remained off the market. Buyers quoted £3O 7s 6d for the same bank’s shares without attracting sellers. New Zealand Refrigerating paids had sales at the steady price of 37s 6d, and more were wanted at 37s 3d—no sellers. New Zealand Insurance sold unchanged at £6, the market closing with buyers at £5 19s 6d and sellers at £6 Is. Woollens, as well as insurances, had strong buying inquiry, and Lane, Walker, Rudkin ordinaries advanced to sales at 565, with more on offer at 58s. Woolworths, Ltd., had sales and buyers at the reduced price of 14s 9d. and further sellers were 2d away. Woolworths (New Zealand) did not come close to business, with buyers at 18s 3d and sellers at 19s. Coles suffered in the general decline of Australian shares, when they were traded 3d down at 16s 6d, and the market showed signs of being weaker at the close,-with buying bids of 16s 3d and sellers at 16s 9d. McKenzies had unsupported cum dividend sellers at 16s 3d. DOMINION TRANSACTIONS CHRISTCHURCH Sales on Change, Listed £ s. d. Var’n.

WELLINGTON 1 Sales.—£Boo 3 per cent., 57-60, £l3 15s, ’ £470 4 per cent., 52-55, £lOl 15s; £1470 ( 3 per cent., 61-64 (two sales), £92 ss; £ £2OO 3 per cent.. 62-64, £92 2s 6d; £4OO 3 per cent., 59-61, £93 17s 6d; 225 New i Zealand Breweries (two sales), 425; 600 i N.Z. Refrig., fully paid (two sales). 37s 1 Gd; 200 Newton King, ord., 13s 3d; 100 1 Wright, Stephenson, 635, and 700 pref, (two sales), 23s 6d; 1000 W.F.C.A.. pref, (two sales). 20s; 200 G. J. Coles, 16s 6d; 100 Hiil and Plummer, 345; 200 N.Z. Forest Products, ord., i3s 9d; 800 Woolworths. Ltd., 14s ICd: 500 Wm. Cable Holdings, 27s 3d; 300 British Tobacco, 295: 1220 McKenzies. 16s; 200 N.Z. Motor Bodies. 435; 200 Cory Wright and Salmon (two sales), 255, and 100 25s 3d. , DUNEDIN Sales.—Late Tuesday: 200 N.Z. Breweries, 425; 100 Wright. Stephenson, ord., ; 635. Yesterday: 7 Bank N.S.W.. rights. £7 10s; ICO Wr’cht Stephenson, ord., 635, and 500 pref. 23s 6d: 190 D.1.C., nd.. 25s fid: 100 Fo'-est Products, pre"., 18s: 200 C.S.W., pref., rights (two sales). Is 3d. OVERSEAS EXCHANGES SYDNEY Leading industrial stocks were stronger at Sydney yesterday, and the market was generally firmer. Sales.—Commercial Bank of Sydney. £22 14s; Commercial of Australia, Ks 9 New South Wales, £36 7s 6d, an’ rights £8 Is 6d; Tooths. 72s 6d; Associated News. 19s; Ampol, 10s lid; A. Hordern. 19s 9d; Autralasian Paner, 18s 3d; British Tobacco. 35s 3d: D. Jones, 48s Gd; Dunlop. 29s ljd: Electrolytic Zinc, pref.. 275: G. J. Coles, 19s 6d: Goldsbrough, 35s and new paid. 355; 1.C.1., 345; Morts Docks, 20s; N.Z. Forest. 16s 3d; Woolworths. 17s 7£d, and second preference, 25s 3d: Mt. Lyell, 16s 3d; New Guinea Goldfields, Is 10d; Oil Search. Gs fd. MELBOURNE Share trading was active in the investment section at Melbourne yesterday, with a resultant firming of prices. Sales.—Commercial Bank of Australia, 20s; New South Wales. £36 10s, and rights £8 2s; Goldsbrough, Mort, 365; Ampol, Ils Id; A.C.1., 44s 9d; Bradford Cotton, 365: British Tobacco, rights, 9s 4d: Broken Hill Pty., 41s 9d: Drug Houses. 295; Dunlop, 295; Electrolytic Zinc, 27s 6d, and preference, 27s Id; Felt and Textiles, 28s 9d; Coles, 19s 6d: Gordon and Gotch, 225; Herald, 18s 9d; Myer, 10s 2d; Woolworths. 17s 6d; Mt. Isa, 40s 3d: Mt. Lyell. 16s: Broken Hill, new, 28s Gd; North Broken Hill, 675; Emperor, 14s 9d; Oil Search, 6s 6d. LONDON A. and N.Z. Bank, sale 33s 7Jd; Commercial Bank Australia, buyer 14s 6d. seller 15s 6d; E. S. and A. Bank, sale £5; Bank N.S.W., buyer £27 15s, seller £2B 15s: British Tobacco, buyer 26s 9d, seller 27s 9d; Goldsbrough Mort, buyer 275, seller 295; Dalgety, buyer 9s. seller 9s 6d; National Bank N.Z., sale 675; Dalgety, 1955-70, buyer £92, seller £94; N.Z. Loan and Mercantile. 5 per cent, debs., buyer £BO, seller £B2; N.Z. Loan and Mercantile, ord. stock, sale 22s lOJd; P. and O. deferred, middle price, sale 63s IOJd. Mining.—Broken Hill Proprietary, 325; Consolidated Zinc. 26s 4£d; New Broken Cill, 22s 3d.

£800 N.Z. Govt. 3 p.c. Stock. Dec., 53-56 2 6 — (2 sales) .. 98 £1600 N.Z. Govt. 3 p.c. Stock, 59-61 (3 sales) .. .. 94 0 0 — 500 N.Z. Refrig., fully paid (2 sales) .. 1 17 6 N.C. 100 Whakatane Board Mills .. .. 0 17 6 —3d 300 Whitcombe and Tombs .. .. 1 5 0 N.C. 500 Woolworths, Ltd. 0 14 0 -3d Sales on ’Change, Unlisted 200 Cory Wright and Salmon, ord. (2 sales) .. .. 1 5 0 — 400 Cory Wright and Salmon, pref. .. 1 1 6 —3d Sales Reported, Listed £200 N.Z. Govt. Stock, 3 p.c., 1957-60 .. 93 12 6 — £800 N.Z. Govt. Stock, 3 p.c., 1964-66 .. 90 0 0 — 200 N.Z. Insurance .. 6 0 0 N.C. 200 Lane, Walker, Rudkin, Ltd. .. 2 16 0 -]-6d 300 British Tobacco, c.d. .. .. 1 9 0 — 100 Broken Hill Pty. 1 14 9 —3d 400 G. J. Coles .. 0 16 6 —3d 200 Greater Crystal .. 1 0 6 — 400 Humes N.Z., Ltd., pref. .. .. 1 2 9 —3d 450 Whitcombe and Tombs (2 sales) .. 1 5 0 N.C. 300 Woolworths, Ltd. 0 14 9 —3d £500 N.Z. Govt. Stock, 33 p.c., 1962 (late sale Tuesday) .. 98 0 0 — AUCKLAND Sales.—Late Tuesday: 300 National Insurance, 25s; JO Colonial Sugar £36: 50 Ross and Glendining, 51s. Yesterday: £1000 3 per cent.. 15/2/53-58. £97: 50 National Bank N.Z., 72s: ICO 30 u. h British, 60s 6d 200 Newton King, 13 3d; 500 Northern Steam. 9s 9d: 70 Taur o Totara, 38s: 200 National Timber. 18 9d 300 Bycroft, 48s; 10 Colonial Sugar. £36: 200 Farmers’ Trading. 41s 6d; 33 George Court 37s fid: 100 Hill and Plummer, 34s; 500 F rest Products. 13s 7d. i n d 600 pref. 18s: 250 Northern Roller, 40s 350 Wilson’s Cement, 13s 8d. Unlisted: 2 M) N.Z. Motor Bodie . 43s.

CHRISTCHURCH QUOTATIONS Buyers Sellers £ s d. £ s. d. N.Z. Govt. — 2J p.c., 15/8/54 99 0 0 —— 3 p.c., 1/8/51-54 .. 100 2 6 — 3 p.c.. 15/9/52-55 .. — 98 15 0 3 p.c., 15/5/53-56 .. 97 0 0 — 3 p.c., 15/12/53-56 .. 98 0 0 98 2 6 3 p.c., 15/2/55-58 .. — 97 5 0 3 p.c.. 15/11/57-60 .. 93 10 0 -—— 3 p.c., 15/8/59-61 .. 94 0 0 3 p.c., 15/4/60-62 .. 92 10 0 — 3 p.C., 15/4/60-63 .. 92 0 0 __ 3 p.c., 15/7/61-63 .. 92 10 0 — H 3 p.C., 15/6/61-64 .. 92 0 0 *— 3 p.c., 15/7/62-64 .. 92 0 0 3 p.c., 15/7/63-65 .. 91 0 0 91 10 0 3 p.C., 15/5/64-66 .. 89 15 0 — 31 p.c., 15/9/57-60 .. — 95 15 0 3a p.c., 15/1/53-57 .. — 99 7 6 33 p.c., 15/5/62 98 0 0 — 4 p.c., 15/6/52-55 .. 101 10 0 — 4 p.c., 31/5/54-58 .. 99 12 6 — Banks— Comm, of Aust., new, con. 0 9 3 — Aust, and N.Z., x.d., cum rights — 1 15 0 Comm, of Aust. .. 0 16 7 — New, fully paid — 0 16 3 N.S.W., rights 7 9 6 — E., S., and A. —— 5 12 6 Nat. of A'asia., £1 —— 1 8 0 12s 6d .. 0 18 0 Natl, of N.Z., c.d. — 3 12 6 N.S.W. 30 7 6 — Breweries— Ballins, ord. .. 1 2 6 — Pref. 1 2 0 — New Zealand 2 1 0 — Frozen Meat— Canterbury •• 20 7 6 Pref.- — 7 12 6 N.Z. Refrig. 1 17 3 —— 10s — 0 18 6 Southland 3 9 3 — Gas— Auckland «. 0 5 10 Christchurch 0 17 6 —_ 10s paid —- 0 7 10 Insurance— F.A.M.E. 1 5 0 Pref. 1 5 3 New Zealand 5 19 6 6 1 0 South British .. 3 0 0 ——— Standard 4 6 6 —- Loan and Agency— Chch. Bldg. 16 0 0 —— Dalgety, “A,” c.d 0 10 3 — "B,” c.d. — 0 10 3 Goldsbrough, Mort. c.d. 1 9 9 1 10 6 Mutual Benefit 1 8 0 — Nat. Mort., “A” .. ~— 0 8 11 "B” 2 3 0 2 5 0 N.Z.F. Co-op. 12 0 0 12 6 1st pref. 14 0 0 14 6 “A” Pref. •— 0 12 6

4i p.c. Stk., '65 . 4’ p.c. Stk., 25/3/39 Buyers. £ s. d. Sellers. £ s. d. 9/ 0 U 97 5 0 N.Z. Guarantee 0 2 3 Perm. Invest. 11 10 0 *— Sth. Island Finance —■ 19 0 Wright, Stephenson 3 2 6 — Pref. 13 0 13 9 Shi ping — Union, pref. .. —— 16 0 Timber— Kauri, c.d. 1 1.0 »— Woollens— Feltex — 1 & 0 Feltex, N.Z. 1 11 6 Kaiapoi 1 4 3 — Korma, ord. 0 13 3 — Pref. 0 18 0 0 19 3 Manawatu .. 3 13 0 — Mosgiel 2 12 6 — Lane, Walker, Rudkin — 2 18 0 Timaru 16 3 — Miscellaneous— Alloy Steel, N.Z. — 2 11 9 Amal. Batt, c.d. .. 17 0 — Assoc. Leathers .. 0 15 0 Apex Ice 1 17 0 2 0 0 Beath and Co. 2 12 0 2 13 3 Is paid — 10 0 Pref. — 14 0 Beggs 2 0 6 — Booth, Macdonald 0 4 1 — Brit. Tobacco, c.d. 1 .8 9 19 3 Rights 0 7 3 —— Broken Hill Pty. .. 1 14 6 1 15 0 Cant. Saleyards .. 2 0 0 ■ Colonial Sugar 35 12 6 — Clyde Engineering —— 12 0 Consolid. Brick — 0 11 9 Dom. Builders 0 12 6 Dom. Fertiliser 1 14 0 — Donaghy’s Rope .. 1 19 6 — D.I.C., 10s paid — 16 0 Dunlop, N.Z. 0 15 3 — Pref. — 0 17 0 Evans Atlas — 0 17 9 Frozen Products .. 0 6 6 — G. J. Coles 0 16 3 0 16 9 Greater Crystal .. — 110 Hallensteins 1 10 6 — Hay’s —— 3 13 0 Humes, N.Z., pref. 12 0 13 0 I.C.I., A., N.Z. — 1 10 6 J. Gadsden 17 6 18 3 K.D.V. Boxes 0 10 3 —— Maling, pref. 10 9 — McCaskey, pref. .. 0 18 0 — McKenzies, c.d. — 0 16 3 Midland Mot., pref. — 119 M.K. Mfrs. 0 12 6 Morris Hedstrom, c.d. 2 0 0 ___ Nat. Electric, c.d. 5 7 0 N.Z. Indust. Gases, pref. 10 0 __ N.Z. Forest Prod. 0 13 7 0 13 9 Pref., c.d. —_ 0 19 9 N.Z. Newspapers .. 2 8 0 —- Nor vic Shoes 0 15 0 — Otago Dailv Times — 2 6 0 Paton and Baldwins 12 4 Quill, Morris 13 6 Ross and Glendining 2 10 6 Smith and Smith, pref. 10 0 — Skellerup, pref. — 116 Turnbull and Jones 1 13 0 — Weeks —_ 1 18 6 Whakatane, ord. .. 0 17 6 0 17 7 Whit, and Tombs 1 4 11 15 3 Wm. Cable 17 9 Wilsons Cement .. 0 13 6 0 13 8 Woolworths, ord. .. 0 14 9 0 14 11 N.Z., ord. 0 18 3 0 19 0 N.Z., pref. 1 15 0 W. R. Carpenter .. —_ 0 13 6 W. R. Cooke and Son 0 8 6 __ Zealandia Milling l s 10 0 1 14 0 Overseas Listings— W’worths (S.A.) .. 0 13 0 Aust. Mining— Mount Lyell •• 0 13 6 —— Mount Morgan .. 0 19 9 Austral 0 12 0 Wgtn. Alluvials 0 2 7 0 3 0 Mining— Grey River 0 2 6 0 2 7 Kaniere — 0 15 0 UNLISTED STOCKS Andrews and Beaven, ord. 14 1 —— Andrews and Beaven, pref. 110 Ass. Mot. Pet., pf. 1 10 3 — Airwork — 13 0 Beaths (Is paid, 19s deposit) 1 17 0 1 17 6 Ch.Ch. Press 12 5 0 Cory Wright and Salmon, ord. 15 0 15 5 Pref. —. 116 Coulls. Som., Wilkie, pref., rights —- 0 13 M.L.C. 3 12 6 3 15 0 N.Z. Motor Bodies 2 16 Tekau Knitwear •. 10 0 12 6 Watties Canneries 2 2 6