COMMERCIAL

Press, Volume LXXXIX, Issue 27226, 18 December 1953, Page 16

COMMERCIAL

STOCK EXCHANGES MARKETS REMAIN STEADY A comparatively small but diversified list of business was transacted on the Christchurch Stock Exchange yesterday. Markets generally remained very steady and no appreciable changes were recorded. Government secuirties had greater buying power, although prices showed no material alteration. Bank of New South Wales shares continued to gather strength, buyers raising their bids to £3l 12s 6d, with sellers holding for £32. Buyers appeared for Australia and New Zealand Bank at 35s 3d, with sellers 5d away. The yield to buyers at 35s 3d would be £2 19s. Other banking issues were neglected. New Zealand Insurance had sales and sellers at £6 Is, at which price this popular stock shows a yield of only £2 17s lOd. Woollens were the most buoyant section of the market, and quotations for several stocks moved in sellers’ favour. Korma preferences, the only woollens stock traded, showed no change at 18s 4d, and more were wanted at the same price, sellers holding for 18s 9d. Woolworths, Ltd., were traded at 15s lOd and Id up at 15s lid, the market closing at 15s 9d and 15s lid respectively. These sale prices show investors a yield of about £3 Is.

Four parcels of Ampol Petroleum sold at the further improved price of 30s, and at the close there were further buyers at this figure—no sellers.

AUCKLAND Sales.—Late Wednesday: JOO South British, 61s 3d; 200 Korma, pref., 18s 3d; 400 Industrial Acceptance Corp., rights, 8s sd. Yesterday: £2lBO 3 pet* cent., 15/9/52-55, £9B 10s; £lOOO 3 per cent., December, 1953-56; £96 13s 9d; £2500 3 per cent., 15/2/55-58, £96 15s; £450 3 per cent., 15/7/62-64, £92; £BlO 31 per cent., 15/1/53-57, £99 10s; £l5OO Hamilton City Council. 22/10/67, 4 per cent., £97 12s 6d; £5OO Mount Eden 8.C., 1/4/54-59, 41 per cent., £101; 10 Bank of N.S.W., £3l 17s 6d; 50 South British, 61s; 250 United Building, 21s 3d; 200 Feltex (Aus.), 25s 3d; 200 Ampol Petroleum, 31s; 150 Berlei Industries, 335; 50 N.Z. Drug, £5 10s; 100 Forest Products, 13s, and 100 pref., 18s 3d; 100 N.Z. Paper Mills, 335; 200 Reid Rubber, pref., 18s 6d; 100 Toppa, 5s Id; 400 Whakatane Board, 17s 6d; 100 ’Wilson’s Cement, 14s; 500 Woolworths, N.Z., 18s 3d; 150 Woolworths, Ltd., 15s lOd; 700 Woolworth’s Properties, 18s. Unlisted: 100 Hellabys, 90s, and 1200 pref., rights, 2s. WELLINGTON Sales.—Late Wednesday: 35 Wellington Wool, ord., £9 7s 6d. Yesterday: £BlO 31 per cent., 1953-57, £99 10s; £4OO 3 per cent., 1960-63, £92 10s; 100 Tui Brewery, 26s 9d; 100 Ampol 31s 3d; 100 Electrolytic Zinc, 23s 3d; 100 Humes, N.Z., pref., 22s 9d; 100 J. Gadsden, 28s 6d; 600 Woolworths, Ltd. (3 sales), 15s 9d; 300 Woolworths, N.Z., 18s 3d; 100 Woolworth’s N.Z. Properties, pref., 235. Unlisted: 100 National Tobacco, 14s. DUNEDIN Sales.—Late Wednesday: 300 Ampol Petrol, 29s 6d. Yesterday: 160 N.Z. Paper Mills, 32s 9d; 200 Woolworths, Ltd., 15i lid, and 100 at 15s lOd. Sales Reported.—£soo 3 per cent. Stock, 15/12/53-56, £96 13s 9d; £4OO 3 per cent. Stock. 15/4/60-63, £92 10s; £lOOO 3 per cent. Stock, 15/7/61-63, £92 ss; £6OO 3 per cent. Stock. 15/6/61-64, £9O 15s; £lOOO 34 per cent. Stock. 15/5/62. £9B 2s 6d; £6GO 4 per cent. Stock, 15/6/52-55, £99 15s; 100 South British Insurance, 61s; 259 Bruce Woollen, pref.. 245; 400 Felt and Textiles, Aust., 255; 100 Fletcher Holdings, 30s 9d: 300 N.Z. Forest Products, ord., 13s; 109 Whakatane Board Mills, 17s 3d: 200 Woolworths. Ltd., 15s lid; 300 Woolworths, N.Z., 18s 2d; 200 Mount Lyell, 14s 6d. INVERCARGILL Sales Reported.—soo Fletcher Holdings, 30s 9d; 135 Mackintosh, Caley, 335. OVERSEAS EXCHANGES SYDNEY Ampol Petroleum shares were keenly sought again on the Stock Exchange yesterday. Sales.—Bank of New South Wales, £37 7s 6d; Tooths, 795; Tooheys, 275; A’asian Paper, 18s 6d; A.C.1., 46s 3d; Bradford, 355; British Tobacco. 34s 6d: Colonial Sugar, £43 12s 6d; Dunlop, 31s; Feltex, 29s 6d; Coles. 21s; 1.C.1., 34s 9d; Woolworths. 19s 4Jd; Ampol, 40s; New Broken Hill, 30s; Placer, £l4; Oil Search, 18s. MELBOURNE Investment stocks continued in strong demand yesterday. Sales.—Commercial Bank of Australia, 20s 3d; Goidsbrough, 36s 3d; Ampol. 39s 7d; A.C.1., 46s 3d; Courtaulds, 22s Id; Coles, 20s 9d; Herald, 20s; Humes, 49s 3d; Myer. Us Id; Broken Hill Pty.. 425; North Broken. 695; Broken South, 55s 6d; Mount Lyell, 17s 6d; Ampol Exploration, £5.

DOMINION TRANSACTIONS CHRISTCHURCH Sales on ’Change Listed £ s. d. Var n 400 Ampol (4 sales) 1 10 0 + 2/500 Broken Hill Pty. 1 15 0 N.C. 200 N.Z. Newspapers 2 8 9 4-9d Sales on ’Change, Unlisted 100 Cory-Wright and Salmon, Ltd., pref. 112 -Id Sales Reported, Listed 50 N.Z. Breweries 2 2 0 N.C. 100 N.Z. Insurance, c.d. 6 10 N.C. 200 Korma Textiles, pf. (late sale Wed./ 0 18 4 N.C. 100 Paton and Baldwin 13 0 N.C. 200 Woolworths, Ltd. 0 15 11 + ld 100 Woolworths, Ltd. 0 15 10 N.C. Sales Reported, Unlisted 500 Regent Theatre (Chch.) 0 11 6 —

CHRISTCHURCH QUOTATIONS N.Z. Govt.— Buyers £ s. d. Sellers £ s. d. 2J p.c., 15/8/54 99 5 0 __ 3 p.c., 1/8/51-54 .. 100 2 6 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 .. 96 10 0 96 17 6 3 p.c., 15/4/56-59 .. 95 10 0 3 p.c., 15/4/60-62 .. 92 15 0 3 p.c., 15/6/61-64 .. 92 0 0 . 3 p.c., 15/7/63-65 .. 91* 5 0 91 12 6 3 p.c., 15/5/64-66 .. 90 0 0 __ 31 P.C., 15/9/57-60 .. 95 15 0 — 33 p.c., 1962 98 0 0 98 2 6 4 p.c., 15/6/52-55 .. 99 12 6 __ Auck. City, 41 p.c., 1/10/1959 100 15 0 101 10 0 Banks— Aust, and N.Z. 1 15 3 1 15 8 Comm, of Aust. .. — 0 16 9 E., S. and A. — 5 10 0 Natl, of A’asia., £1 18 0 12s 6d 0 18 0 N.S.W. 31 12 6 32 0 0 Breweries— Ballins, pref. 12 6 New Zealand __ 2 2 0 Tui 15 3 Frozen Meat— Canterbury .. 21 0 0 22 0 0 G Pref .. — 7 10 0 Auckland .. __ 0 5 9 Christchurch 0 17 3 0 17 9 10s paid 0 7 9 Insurance— National... 17 9 New Zealand, c.d. — 6 10 South British 3 0 0 3 10 Standard 4 7 0 — Loan and Agency— Credit and Fin. .. ___ 15 0 Christchurch Bldg. 16 0 0 Dalgety “A” — 0 10 0 “B" 0 9 0 0 9 11 Mutual Benefit 18 0 — Nat. Mort. “A” .. 0 8 4 0 8 8 “B” ■ i. 2 4 0 N.Z.F. Co-op. 1st pref. —■ 0 14 3 “A” pref. — 0 12 6 4J p.c. Stk., ’60 .. 96 17 6 —— 41 p.c. Stk., ’65 .. 96 0 0 96 7 6 Perm. Investment 11 10 0 ** Perpetual Trustees 2 2 6 — S.I. Finance — 19 0 Wright, Stephenson 3 16 —— Pref. 1 2 10 ShippingUnion. pref. 15 6 Timber— Kauri 10 0 Woollens— Feltex 14 9 15 6 N.Z. 1 11 6 — Pref. ** 13 0 Kaiapoi .. 14 3 — Pref. 14 6 Korma, ord. .. 0 13 10 Pref. 0 18 4 0 18 9 Mana watu .. 3 14 0 — Mosgiel 2 5 0 •— Lane, Walker, Rudkin 2 16 0 Timaru .. 17 0 — MiscellaneousAlloy Steel (N.Z.) — 2 11 9 Amalg. Baft. 16 0 ** Ampol 1 10 0 — Andersons, 1st pref. 119 12 0 Assoc. Leathers 0 15 3 Aust. C.I. •. 1 18 0 —— Apex Ice 1 17 0 1 19 6 Beath and Co. — 2 13 0 Is paid .. .. — 10 0 Booth. Mac. 0 2 4 0 4 3 Broken Hill Pty. .. 1 14 6 1 15 0 Canty. Saleyards 2 0 0 —— Colonial Sugar 36 2 6 36 10 0 Coulls., S„ Wilkie 19 0 1 10 0 Consolid. Brick 0 11 3 Dom. Builders —_ 0 12 2 Dom. Fertiliser 1 14 0 Donaghy’s Rope .. 1 19 6 Dunlop, 'N.Z. 0 15 3 —« Electro. Zinc, ord. 12 9 Pref. — 13 6 Fletchers — 1 10 9 G. J. Coles 0 16 11 '0 17 3 Hay’s — 3 13 0 Humes. Ltd. 2 0 6 2 2 0 J. Gadsden 17 0 19 0 K.P. Drugs —— 5 13 0 Macky Logan .. 1 13 0 —_- McKenzies •• — 0 15 9

Buyers £ s. d. Sellers £ s. d. Midland Motors, pf. — 116 Milburn Lime — 16 9 N.Z. Forest Prods. o 12 n 0 13 1 N.Z. Newspapers .. 2 8 6 2 9 0 Norvic Shoes 0 15 0 — Otago Daily Times — 2 6 3 Quill, Morris 13 6 Ross and Glendlning — 2 11 9 Paton and Baldwin 12 9 13 6 Skellerup, pref. .. —— 116 Weeks —— 1 17 0 Whakatane, ord. .. 0 17 4 0 17 9 Pret — 12 0 Whit, and Tombs .. 15 0 —- Wm. Cable 17 0 1 7 9 Wilson's Cement .. 0 14 0 0 14 6 .W’worths.. ord. 0 15 9 0 15 11 (N.Z.), ord. 0 18 1 —. (N.Z.). pref. 1 15 0 —— W. R. Cooke and Son 0 8 6 Overseas Listings— W’worths. (S.A.) .. 0 13 0 Aust. MiningMount Morgan .. —— 0 19 6 Mining— Grey River .. 0 2 5 0 2 9 Kanieri .. • • — 0 15 0 UNLISTED STOCKS Buyers. Sellers. £ s. d. £ s. d. Andrews and Beaven 14 0 — Pref. 116 Ass. Mot. Pet., pf. 1 10 3 Beaths (Is paid, 19s deposit) — 1 13 0 Christchurch Press 12 0 0 Cory - Wright and Salmon 15 6 16 6 Pref, 110 Mack., Caley, Phoe., contr. 0 18 3 0 18 9 M.L.C. 3 15 6 Matea Forests __ 0 2 6 Prudential Bldg. .. — 110 Regent Theatre .. 0 11 3 —- Tekau Knitwear ., 10 0 — Watties Canneries 2 3 0 ——