COMMERCIAL

Press, Volume LXXXIX, Issue 27225, 17 December 1953, Page 14

COMMERCIAL

STOCK EXCHANGES MODERATE TRADING ON FIRM MARKETS Woollens were active on the Christchurch Stock Exchange yesterday. Markets generally preserved a very sound tone. Activity in Government stocks was largely confined to the new 1962 33 per cent., which lost ground fractionally in a sale at £9B. There was a reported sale of Bank of New South Wales rights at £7 15s. The bank’s shares had inquiry at £3l 7s 6d, but no sellers quoted. Sellers predominated for other banking issues. Breweries, frozen meats, gas and insurances were all dull on the day. Ampol Petroleums were in demand at 28s lOd, but sellers were very reticent. Kaiapoi Woollen preferences sold unchanged at 24s 3d, with more on offer at 24s 6d. Two parcels of Korma ordinaries sold at the steady rate of 14s, and more were wanted at 13s 9d—no sellers—whilst the company’s preferences sold 6d down at 18s 4d, with further inquiry at 18s 3d. .Dunlop (N.Z.) Rubber, which have had persistent inquiry of late, sold unchanged at 15s 6d, and buyers remained in the market at 15s 3d, but no further sellers quoted. Coles improved to sales and sellers at 17s 4d, with more buyers at 17s 2d. Woolworths, Ltd., had business and sellers at the fractionally improved price of 15s lOd, with buyers bidding 15s 9d at the close. McKenzies had sellers at 15s 9d, but buyers did not appear interested.

AUCKLAND Sales.—Late Tuesday: £15,000 3 per cent., 1/8/51-54, £lOO 12s 6d; £360 3J per cent., 15/1/53-57, £99 10s; 15 Bank N.S.W., rights (N.Z. reg.), £8; 50 Dominion Breweries, 78s 6d; 150 Oamaru Wool, 45s 6d; 500 Ampol, 27s 7d; 200 Berlei Industries, 335; 250 Hadfields, 17s; 400 Reid Rubber, 13s 3d; 500 Woolworths, N.Z., 18s 2Jd. Yesterday: £15,000 3 per cent., 1/8/51-54, £lOO 12s 6d; £2OO, 15/9/52-55, £9B 10s; £4OO, May, 1953-56, £97 7s 6d; £5OO, December, 1953-56. £96 12s 6d; and £20,000, £96 13s 9d; £4OO 34 per cent., 15/1/56-59, £97 7s 6d, and. £5360, 15/9/57-60, £95 17s 6d; 500 A.N.Z. Bank. 35s 3d; 15 Bank N.SjW., £3l 15s, and 70, £3l 17s 6d; 130 Dominion Breweries, 78s 6d; 150, 795, and, 150, pref., 795; 100 N.Z. Insurance. £6 Is; 150 United Building (Auck.), 21s 3d: 250 Huddart, Parker, 425; 610 Northern Steam 10s; 800 Broken Hill, 355; 250 Fletchers. 30s 9gU 500 F. J. Walker, 18s 6d; 800 Coles, 17s; 200 Forest Products, 13s, and, 100, pref.. 18s 3d; 500 Repco, 42s 4Jd; 100 Ross and Glendining. 51s 6d; 500 Toppa, 5s Id; 100 Wilson’s Cement, 14s; 300 Whakatane Board. 17s 6d; 300 William Cable. 27s 6d; 700 Woolworths. N.Z., 18s 3d; 150 Woolworths, Ltd., 15s 9d; 500 Waihi Invests., 2s 91d. e Unlisted.—l3,Boo Hellabys, pref., rights, 2s; 850 John Burns. 45s 6d; 75 Maple Holdings, 40s; 312 Winstone, 435. WELLINGTON Sales.—4ls A.N.Z. Bank, 355; 300 Korma Textiles (two sales), 14s; 100 Felt and Textiles (Australia), 24s 10d; 150 Oamaru Wool.-45s 6d; 200 Ampol (two sales), 30s; ’OO 8.H.P., 355: 400 G. J. Coles. 17s 3d; SOO Fletchers, 30s 9d; 250 Huddart. Parker. ord., 425; 100 J. Gadsden, ord.. 28s; 100 N.Z. Guarantee. 2s 3d; 200 Wilson’s Cement. 14s; 450 Woolworths, N.Z. (two sales), 18s 3d; ’'oo Woolworths, Ltd. (two sales), 16s; 300 Woolworths, N.Z.. Props., pref., 235. . ’ DUNEDIN Sales.—Late Tuesday: 200 Forest Products. ord., 13s; 300 Woolworths, Ltd. 15s 9d. Yesterday: 990 A. and N.Z. Bank (3 sales), 35s 3d; 200 Ampol Petrol (2 sales). 295; and. 200, 29s 6d; 260 Coles. 17# 3d: 100 R. and G„ 51s 6d; 100 Woolworths, Ltd., 15s lOd; 200 Wool worths, N.Z. 18s Id; 100 Oil Search 12s. Unlisted.—4oo C.S.W., pref., rights (two sales). Is 4d, and 25, Is 3d. INVERCARGILL Sales Reported.—2oo Sandford, £td., Bs. OVERSEAS EXCHANGES SYDNEY The extreme irregularity of the Sydney share market continued in heavy trading yesterday. Sales.—Ampol, 37s 3d; A.C.1., 46s 3d; Bradford, 355: British Tobacco. 34s 9d; Colonial Sugar, £43 ss; Dunlop, 30s 9d; Feltex. 29s 7Jd; General Industries, 38s 6d; Coles, 20s lOJd; Henry Jones, 45s 3d; Woolworths, 19s 3d; United Insurance, £l7 15s;. Yarra Falls, 38s 3d; Masonite, 455; Broken Hill Pty., 41s 9d; North Broken Hill, 695; South Broken. 55s 3d Consol. Zinc, 325; Oil’ Search, 15s 6d. MELBOURNE Investment stocks continued in. keen demand on the Melbourne Stock Exchangyesterday, and rises well outnumbered falls. , Sales.—Bank New South Wales, £37 10sGoldsbrough. 36s 3d; Ampol Petroleum. 395; Ampol Exploration, £5; A’asian Paper 18s 6d; Colonial Sugar, £43; A.C.1., 46s 6d; British Tobacco, 355; Courteulds, 22s 2d; Coles, 20s lOd; Gordon and Botch, 21s; Henry Jonec. 45s 6d; Herald, 19s lid; Humes, 49s 6d; Kauri, 265; Electro. Zinc, 28s. and. pref., 27s 6d; Broken Hill Pty., 41s 9d; Mount Lyell. 17s Id; Mount Morgan, 21s lOd; Oil Search, 15s 9d.

DOMINION TRANSACTIONS CHRISTCHURCH Sales Reported; Listed £ s s.d. Var’n. £1000 N.Z. Govt. Stock, 1960-62, 3 p.c. .. 93 0 0 50 Beaths 2 12 6 N.C. 150 Dunlop N.Z., Ltd. 0 15 6 N.C. Sales on ’Change, Unlisted £800 N.Z. Govt. Stock, 32 p.c., 1962 98 0 0 MB 15 Bank of N.S.W. rights (late sale • Tuesday) 7 15 0 BM 200 Kaiapoi Wool, pf. 1 4 3 N.C. 200 Korma Textiles (late sale WedTuesday) ' 0 14 0 N.C. 100 Korma Textiles .. 0 14 0 N.C. 500 Korma Textiles, pref. (late sale Tuesday) 0 18 4 — 6d 500 Broken Hill Props. 1 15 0 N.C. 200 G. J. Coles 0 17 4 4-3d 700 Paton and Baldwin 3 0 4-4d + ld 200 Woolwroths, Ltd. 0 15 10

CHRISTCHURCH QUOTATIONS Buyers Sellers £ s. d. £ s. d. N.Z. Govt.— 3 p.c., 15/9/52-55 .. 98 12 6 3 p.c., 15/5/53-56 .| 97 10 0 3 p.c., 15/12/53-56 .. 96 10 0 3 p.c., 15/2/55-58 .. — 97 0 0 3 p.c., 15/4/60-62 .. 92 15 0 3 p.c., 15/7/63-65 .. 91 10 0 3 p.c., 15/5/64-66 .. 90 0 0 3j p.c., 15/1/56-59 .. 95 10 0 3i p.c., 15/1/53-57 99 0 0 —— 32 p.c., 15/5/62 .. 98 2 6 4 p.c., 31/5/54-58 .. 99 12 6 Auckland City, 41 p.c., 1/10/1959 .. Banks— 100 10 0 101 10 0 Aust. and N.Z., cum rights 1 15 8 Comm, of Aust. .. 0 16 10 E., S. and A. 5 10 0 Natl, of A’asia., £1 18 0 12s 6d 0 18 0 Natl, of N.Z., x.d. .. — 3 10 6 N.S.W 31 7 6 Breweries— New Zealand __ 2 2 3 Tui 1 5 3 Frozen Meat— Canterbury .. 21 0 0 22 0 0 Pref __ 7 10 0 Gas— Auckland 0 5 8 Christchurch — 0 17 9 10s paid — 0 7 9 Insurance— F.A.M.E., pref. .. 18 0 Standard s. 4 7 0 —— Loan and AgencyCredit and Fin. .. — 15 0 C.F.C.A., pref. 2 19 0 —* Chch. Bldg. 0 16 0 — Dalgety, “A” — 0 10 1 « “B” — 0 10 0 Nat. Mortgage “A” — 0 8 10 “B” —— 2 4 3 N.Z.F. Co-op. — 0 12 6 1st pref. 0 14 0 0 14 6 “A” pref. —— 0 12 6 4> p.c. Stk., ’60 .. 96 15 0 — 4i p.c. Stk., ’65 .. 96 0 0 96 17 6 Penn. Investment 11 10 0 Perpetual Trustees 2 2 0 — United Build. 0 19 9 — Wright, Stephenson 3 1 6 — Shipping— Union, pref. .. — 15 6 Timber— Kauri .. •• 1 0 0 —• Woollens— Feltex .. .. 1 4 3 15 0 N.Z 1 12 0 — Pref. 13 0 Kaiapoi 1 4 0 — Pref. — 14 6 Korma, ord. 0 13 9 —- Pref. 0 18 3 — Manawatu 3 14 0 — Oamaru 2 5 0 — Lane, Walker, Rudkin 2 16 0 — Timaru 1 6 6 — Miscellaneous— Alloy Steel (N.Z.) — 2 11 9 Amalg. Batt. 1 6 0 —— Ampol 1 8 10 — Andersons, 1st pref. — 12 0 Aust. C.I. 1 18 0 —— Apex Ice x 1 19 6 Aulsebrooks, pf. .. 1 3 0 14 0 Avon Metal — 0 12 6 Beath and Co. ... 2 12 3 2 12 9 Is paid .. — 10 0 Beggs 2 0 0 Booth, Macdonald Broken Hill Pfr. .. 0 2 3 1 14 11 115 3 Canty. Saleyards 2 0 0 — Colonial Sugar 36 15 0 Coulls, S., Wilkie —w 1 10 0 Consoiid. Brick — 0 11 3 Dorn. Builders ** 0 12 2 Dom. Fertiliser 1 14 0 Donaghy’s Rope .. 1 19 6 — Dunlop, N.Z. 0 15 3 — Electro. Zinc, ord. 1 2 9 — Pref. .. .j 13 6 Evans Atlas —— 0 17 9 Fletchers .. 1 10 6 1 10 9 G. J. Coles .. 0 17 2 0 17 4 Hallensteins •. 1 10 6 Hay’s .. •• — 3 13 0 Humes •• •• 2 1 0 2 2 3

Buyers £ s. d. Sellers £ s. d. Humes (N.Z.), pre: — 12 9 I.C.I., A.. N.Z. 18 9 — J. Gadsden 17 6 19 6 K.P. Drugs __ 5 12 6 Macky Logan 1 13 0 — Maling, pref. 10 9 — McKenzies — 0 15 9 Midland Motors, pi —— 119 Milburn Lime — 16 9 N.Z. Express 2 8 0 Norvic Shoes 0 15 0 0 17 6 Paton and Baldwi 12 9 13 3 Quill, Morris ■ . — 13 6 Ross and Glendin ing —— 2 11 9 Skellerup, pref. . —— 116 Weeks — 1 17 0 Whakatane. ord. . 0 17 0 0 17 9 Pret 12 0 Whit, and Tombs . 15 0 15 6 Wm. Cable 17 0 17 8 Wilson’s Cement . 0 14 0 — W'worths. ord. 0 15 9 0 15 10 (N.Z.). pref. 1 15 0 — W. R. Cooke and . 0 8 6 — Zealandia Milling' 1 10 0 1 14 0 Overseas Listings— W’worths. (S.A.) . 0 13 0 Aust. Mining— Mount Lyell 0 13 9 0 14 2 Mount Morgan — 0 19 6 Mining— Arahura — 0 17 0 Grey River 0 2 3 — UNLISTED STOCKS Buyers. Sellers. £ s. d. £-s. d. Andrews and Bea ven 14 0 Pref. 116 Ass. Mot. Pet., pf. — 1 13 0 Christchurch Pres — 12 0 0 Cory - Wright an • Salmon, Ltd. 15 9 __ Pref. 110 MM Mack., Caley, Phoe. contr. 0 18 3 0 18 10 M.L.C. — 3 15 6 Matea Forests 0 2 7 Natl. Tobacco — 110 Regent Theatre . — 0 11 9 Tekau Knitwear . 10 0 12 6 Watties Cannerie. 2 3 0