COMMERCIAL

Press, Volume XC, Issue 27279, 20 February 1954, Page 8

COMMERCIAL

STOCK EXCHANGES WEEK CLOSES VERY FIRMLY A relatively heavy list of business for a Friday was handled by the Christchurch Stock Exchange yesterday. Markets continued to rise, and price, gains largely exceeded falls. Among Government stocks, short-dated 3 per were in very keen demand, and three parcels of these changed hands, leaving most would-be buyers with their orders unfilled. At the close there was a remarkable scarcity of sellers. Banking issues enjoyed a respite while investors took stock of the position. Insurances and loans remained uncompromisingly solid, but woollens were unusually quiet. DOMINION TRANSACTIONS

Sales Reported, Unlisted 200 Cory-Wright and Salmon, ord. .. 17 6 N.C. AUCKLAND Sales.—Late Thursday: £4OO 3 per cent. Stock, Dec., 1953-56, £9B 15s; £l3OO 3 per cent. Stock, 1964-66, £9l 10s; 50 Bank N.9.W., £3l 15s; 100 Dominion Brewery, 81s 6d; 100 N.Z. Insurance, £6 3s 6d; 300 Queensland insurance, 57s 6d; 1000 Korma, 14s 6d; 25 Colonial Sugar, £6; 500 M.K. Manufacturers, 13s; 100 N.Z. Refrig., 38s 3d. Unlisted: 300 Cory-Wright, Salmon, 27s 6d. Yesterday: £350 3 per cent. Stock, 1955-58, £96 7s 6d. £lOOO Auck. Gas, 4J per cent., perp, deb., £75; 100 Northern Steam, 10s 4d; 100 Ampol, 25s 9d, and 266 rights 12s; 900 Broken Hill Pty., 35s 6d; 800 Fletchers, 375; 100 Coles, 17s sd, and 200 17s 6d; 167 Geo. Court, 36s 6d; 250 Milne and Choyce, 50s; 330 Quill Morris, 22s 3d; 900 Wilson's Cement, 14s 9d.

WELLINGTON Sales.—Late Thursday: 400 N.Z. Forest Products, ord. (2), 13s. Yesterday: £350 3 per cent. Stock, May, 53-56, £9B 15s; £2OO 3 per cent. Stock. 61-63, £92; £5OO 3 per cent. Stock, 62-64, £92; 33 Ampol rights, 12s; 100 British Tobacco, 27s 6d; 5 Colonial Sugar, £36; 100 British Tobacco, 27s 6d; 5 Colonial Sugar, £36; 100 National Electric, £5 10s; 800 G. J. Coles, ex, 17s sd; 300 N.Z. Guarantee Corpn., 2s 4d; 300 Tip Top, 18s 6d; 200 Turnbull and Jones, 345; 400 Woolworths. Ltd., 16s 3d; 300 Woolworths. N.Z., 19s Id. Unlisted: 300 Colonial Motors, 355: 100 Cory-Wright, Salmon, ord., 275, and 200 27s 6d. DUNEDIN Sales.—2oo Ampol Petrol, 26s 3d; 666 rights (two sales), 12s, and 300 12s bd; 100 Milne and Choyce, 50s; 300 Tip Top .Ice, 19s; 300 Woolworths. N.Z-, 19s; 100 Woolworths (South Africa), 13s; 150 Mt. Lyell, 13s lOd; 300 New Broken Hill Con. (two sales), 245; 200 Mackintosh, Caley, Phoenix (unlisted), 32s 6d. OVERSEAS EXCHANGES MELBOURNE Turnover was lighter in the investment sections of the Melbourne Stock Exchange yesterday, with stocks fluctuating narrowly but showing no definite trend. Sales.—Commercial Bank of Australia, 30s, and new 19s 10d; G.oldsbrough, 36s 6d; Ampol Petroleum, 31s'5d. and rights 14s 8d; Australasian Paper, 20s; A.C.1., 45s 3d; British Tobacco, 33s 9d; Broken Hill Pty., 42s 6d; Drug Houses. 30s; . Electrolytic. Zinc, 29s 9d, and pref. 29s 9u: Felt and Textiles, 31s 3d; Coles, 21s Id; Herald, 16s 3d; Humes' 545; Myer, 11s; Broken Hill South, 545; Mt. Isa. 41s 3d; Mt. Lyell, 17s; New Broken Hill, 28s; North Broken Hill, 68s* 3d; Emperor, 17s 3d: Oil Search, 26s 3d; Ampol Exploration, £5.

A firming trend developed on the Sydney Stock Exchange yesterday. Heavy business continued.

Sales.—Commercial Bank of Sydney, £24 10s; Bank New South Wales, ex div., £37 10s; Tooheys, 25s 9d; Tooths, 80s 3d; Amalgamated Wireless, 29s 6d; Australasian Paper, 20s 3d; Bradford, ex div., 35s 3d; British Tobacco, 33s 9d; Broken Hill Pty., 42s 9d; Felt and Textiles, 31s lid; Mt. Morgan, 24s 7£d; New Guinea Gold. 2s 3id; Ampol Petroleum, 31s 4Jd, and rights 14s 9d; Consolidated Zinc, 35s 3d; Oil Search, ex rights, 25s 9d, and rights 18s 9d; Emperor, 17s 3d; Woolworths, 19s 7id. LONDON

Mining.—Broken Hill Pty., £1 13s; hew Broken Hill. £1 Is 6d; Consolidated Zinc, £1 7s 6d; New Guinea Gold, 2s.

CHRISTCHURCH Sales on ’Change: Listed £ s. • d. Var’n. £600 N-Z- Govt. 3 p.c., December. 1953-56 98 7 6 — £900 N.Z. Govt. 3 p.c., 1962-64 .. 92 0 0 — £1000 N.Z. Govt. 32 p.c., 15/5/62 .. 99 2 6 — 100 Timaru Gas 1 2 0 — 766 Ampol, rights (2 sales) 0 12 0 -l-3d 100 Broken Hill Pty. 1 15 6 +3d 300 D.I.C., pref. (2 sales) 1 4 0 — 100 Fletcher Holdings 1 lt» 6 4-3d 200 McKenzies 0 16 9 +3d 100 Woolworths, 'N.Z. 0 19 0 +ld Sales ReportecT: Listed £1600 N.Z. Govt., 3 p.c., 1962-64 .. 92 0 0 — 100 Timaru Gas 1 2 0 —— 300 Dalgetys “B,” late sale Thursday 0 11 0 k.c. 1200 N.Z.F. Co-op., “A” pref. 0 12 0 N.C. 200 Andersons, 1st pf. 2 3 — 600 Dom. Builders 0 12 0 — 200 N.Z. .Forest Pro-: ducts 0 13 0 -3d 400 Wilsons Cement .. 0 14 8 +5d 150 Mt. Lyells 0 13 : 10 N.C.

CHRISTCHURCH QUOTATIONS Buyers. Sellers. £ s. d. £ s. d. N.Z. Govt.— 3 p.c., 1/8/51-54 . M 10 0 3 p.c.. . 99 12 6 3 p.C., 15/5/53-56 . 98 12 6 —_ 3 p.c., 15/12/53-56 . 93 7 G __ 3 p.c., 15/2/55-58 . 96 5 0 _k 3 p.c., 15/4/56-59 . 96 5 0 — 3 p.C., 15/11/57-60 . 94 5 0 — f 3 p.c., 15/4/60-63 . _— 93 10 0 3i p.c., 15/1/53-57 . 98 15 0 99 0 0 32 p.c., 15/5/62 99 2 6 ——. 4 p.c., 15/6/52-55 . — 101 0 0 4 p.c., 31/5/54-58 . 100 15 0 MK. Other Debentures — Chch. City 3 p.c '31/3/63 — 93 0 0 Lane, Walker, Rud kin, 4£ p.c 31/1/71 KM 86 0 0 BanksAdelaide .. 1 10 0 Aufet. and N.Z. 1 16 9 1 19 0 Comm, of Aust. . 0 16 6 mk Aust, and N.Z., *'B 1 18 6 — E., S., and A. 5 8 0 5 17 6 Nat. of A’sia, 12s 6 0 17 3 __ ■ National of N.Z. . — 3 19 0 N.S.W. 31 15 0 KM Breweries— Ballins, ord. 3 1 13 9 Pref. 1 6 — New Zealand 2 2 6 Tui k* 1 10 0 Frozen MeatCanterbury . m— 21 10 0 N.Z. Refrig. 1 17 9 —— 10s .. — 0 18 6 Nth. Canty., pref 1 1 6 Gas— Christchurch 0 16 5 10s paid . 0 6 0 0 6 8 Tiraaru .. . 1 2 0 MK Insurance— F.A.M.E. 5 9 National 1 6 6 MK New Zealand 6 3 0 South British 3 10 Loan and Agency— Dalgety "A” 0 JO 6 0 11 6 “B” 0 10 9 0 11 0 Mutual Benefit 1 8 0 MK Nat. Mortgage ”B 2 2 9 N.Z.F Co-op. 0 12 0 — 1st pref. 0 14 0 0 14 6 “A” pref. —— 0 12 6 "B" pref. — 0 12 6 4J p.c. Stk., ’60 . 95 5 0 4|-p.c. Stk., ’55 . 97 0 0 —— 41 p.c. Stk., 1/6/5 95 0 0 N.Z. Guarantee — 0 2 6 Perm. Invest. 11 7 6 S. Island Finance 1 8 0 MK Wright, Stephenson 3 2 6 —— Shipping— Hud., Parker, c.c 2 0 9 MK P. and O. 3 15 0 MK Union, pref. 15 3 Woollens— Feltex, c.d. 1 6 3 16 6 Kaiapoi 1 4 6 Miscellaneous— Alloy Steel (N.Z.) — 2 11 9 Anial. Batteries 1 6 6 Ampol 1 5 3 1 ~7 0 Andersons, 1st pref. 1 1 9 Aust. C.I., c.d. 1 16 9 MK Ampol rights 0 11 9 - Beath and Co. 2 9 0 2 12 0 Booth. Macdonal 0 4 1 Broken Hill Pty. . 1 15 6 1 15 9 Canty. Roller Flour — 0 17 0 Claude Neon, N.Z. 7 0 Consol. Brick 0 11 6 Dorn. Fertiliser 1 15 0 Donaghy's Rope . i 19 6 MK D.I.C., 10s paid . —« 15 6 Pref. 1 4 0 Dunlop, N.Z. 0 16 2 Electro. Zinc, pref. MK 14 6 Fletchers MK 1 17 0 G. J. Coles 0 17 4 0 17 6 Hallensteins 1 10 6 KM Hay’s — 3 11 0 Howard Smith 16 0 Humes (N.Z.), pref. 1 2 9 Humes • 2 2 0 _ J. Gadsden 18 3 Pref. j 2 3 12 6 J. J. Niven 3 0 0 K.D.V. Boxes 0 10 9 . _ McKenzies 0 16 9 0 17 0 Matters (N.Z.) 0 10 3 Milburn Lime 1 6 0 MK M.K. Manufac. — 0 13 2 Morris Hedstrom . 1 18 0 2 0 6 Nat. Electric □ 7 6 N.Z. Forest Prods 0 12 11 0 13 1 Pref. 0 17 3 N.Z. Newspapers . 2 12 6 N.Z. Paper MilR . 12 6 1 14 0 Norvic Shoes » 0 15 6

Buyers. £ s. d. Selle* £ 8.d’ Otago Daily Times 2 3 6 — Quill Morris, c.d. . 0 0 Reid Rubber, N.Z 0 14 3 Pref. 0 18 0 Truth. N.Z., pref 1 2 0 Turnbull and Jone Ross and Glcndin ~• ins 2 11 6 iis J Weeks — Whakatane, ord. . 0 17 3 Pref. —— 1 5 1 Whit, and Tombs . Wm. Cable 8 9 Wilson’s Cement . 0 14 6 Woolworths, ord. . 0 16 3 ois * (N.Z.), ord. 0 18 10 (N.Z.). pref. ] 15 0 Pp.. pref. W. R. Cooke anc Son 1 2 9 0 8 6 — * Aust. Mining— Mount Lyell 0 13 9 Mount Morgan, c.d — Oil Search 1 0 6 Oil Search, rights 0 15 3 Mining— Grey River 0 2 6 Kanieri — UNLISTED SHOCKS Buyers. £ s. d. S«U«J Andrews and Bea 1 1 ' ven, pref. Deaths. Is pd., 19s 1 1 0 1 V ? deposit Chch. Press 11 0 0 1!» • John Chambers . 7 0 Coulls. pref. 1 2 1 f I Cory-Wright, ord. 1 Mackintosh, Caley, 7 1 13 ? Phoenix — A | 5 Mates Forests 0 4 4 P * M-L.C. Tjngey, R. and E 0 12 6 1 *0 ? Prudential Bldg. . — 1 5 * Southland Brews Stacey and Hawker 2 1 1 ord' Victoria Mansions 1 Watties Canneries 6 • o Temuka Flour