COMMERCIAL

Press, Volume XC, Issue 27302, 19 March 1954, Page 14

COMMERCIAL

STOCK EXCHANGES MARKETS FIRM IN QUIET TRADING Although somewhat quieter, markets on the Christchurch Stock Exchange yesterday were firm to firmer in. the case of New Zealand stocks, ahd fractionally weaker for Australian-based chain, stores. Government securities continued to gather strength. There were buyers for 14 3 per cent, issues and sellers for only b?ds Several 3 per cents - elicited higher Banks, breweries, gas, insurance, and frozen meats were all particularly firm, and it was noted that buyers for New Zealand Refrigerating contributings advanced to 18s 6d, with sellers 3d away. Among the loan and agency stocks. New Zealand Farmers’ Co-operative issues continued to be very firm. National Mortgage A advanced further to buying offers of SS 7d. Seilers among the woollens kept off the market, although there were plenty of buying offers. In line with recent, sales at other centres, Kaiapoi ordinaries improved to buyers at 25s 3d, but sellers were again reticent. Whakatane Board ordinaries, which have had steady and persistent buying inquiry of late, had business and ’buyers at 17s 6d.

Chain stores were active. Woolworths, New Zealand, had sales and buyers at the improved price of 19s 9d. On the other hand, Woolworths, Ltd., were fractionally easier in sales and sellers at 16s lid, whilst Coles slipped up 3d to business at 17s 6d and 17s sd, but the market recovered at the close to buyers at 17s 7d, with sellers Id away. DOMINION TRANSACTIONS CHRISTCHURCH -

Sales.—Late Wednesday: 50 New Zealand Insurance, £6 3s; 300 Traders’ FinrP c -S’ con *’ 13s; 50 N.Z. Drug, £5 Us 6d’ 50 Boss and Glendining. 525; 600 ! a " e Pre f -. ,21s 6d; 500 Woolworths. Ltd., 16s lid. Yesterday: £395 15/4/60-63, irt er 12s 6d: . £loo ° Takapuna T 4 - per cen «-. £99 10s; 340 ANZ. Bank 36s 3d; 100 Comm. Bank Aust., 16s 9d; 200 Auckland Gas, 10s a t’ : °nal Insurance. 27s 6d; 100 Standard Insurance, 90s; 7 Colonial € 36 „ 55: 500 Caros prel., 22s lOSd; “19 PT.C., 25s 4Jd; 500 Farmers’ Trading f? 8 S J 6? Fletch «'s, 36s 9d and 2100, S 8; ?°L es ‘ A? 4 t : 130 J ’ J ’ Niven, 62s 6d, 100 John Chambers, 26s 3d; 50 N.Z. &d P : e S-.»a» 5 1° P IM - 2 ’ B - , WELLINGTON Sales.—Late Wednesday: £350 3 per cent. Stock, 1953-56, £9B 12s 6d; 6 Bank New South Wales, £32; 250 Wright, Stephenson, 72s 6d. Yesterday: £lOOO 3 per cent. Stock, 1951-54, £99 17 s 6d; £4OO 3 Pn e Jn •klP 56 ' 59 ’ £97 ; £IOO ° 3 P e r cent., 1960-63, £93 15s; £2OO 3 per cent.. 1962- «!.«, £92 ss: £2OO 4 P er cent., 1952-55, £^? l i>^ 98 ..A NZ - Bank <2 sales), 36s 6d and 240 B” shares, 395; 250 Wright, Stephenson (2), 72sfid;*100 Farmers' TradFletcher Holdings (3), 36s 6d; 550 Henry Berry, pref., 22s 6d; 200 Pukemiro Coal, 31s 3<T, 600 Wm. Cable Holdings (2), 30s. DUNEDIN Sales.—Late Wednesday: 400 Wright, Stephenson, ord. (2 sales), 72s 6d; IGO P. rug ’ £5 lls 6d - Yesterday: £350 N.Z. Govti 3 per cent., 15,'12/53-56. Nat> Jnsurance, 27s 6d; 200 Wright, Stephenson, ord. (2 sales), 72s 6d; 228 Union Steam, pref., 24s 9d; 70 F.elt and Textiles (N.Z.), ord., 345; 300 8.H.P., 365; 100 Cox Bros., rights. Is; 200 D.1.C., ord., 255, and 375, 25s 4id; 133 K.P., N.Z. Drug, £5 lls 6d; 500 Ross and Glendining, 525;. 100 Tip Top Ice, 21s--200 Woolworths N.Z. (2 sales), 19s 9d. INVERCARGILL Sales Reported.—loo Wright, Stephenson, 72s 6d. OVERSEAS EXCHANGES SYDNEY /• The sharemarket on the Sydney Stock Exchange was very irregular yesterday. Sales.—Commercial Bank Sydney, £23 15s; Bank of New South Wales, £37 7s 6d; Tooheys, ex rights and ex dividend, 25s 3d, and rights, 8s lOd; Tooths, 79s 9d; New Zealand Insurance, £7 10s; Associated Ne,ws., 18s 9d, and pref. 20s 4id; Australasian Paper, ex dividend, 19s; A.C.1., ex dividend, 43s 3d; 8.H.P., 43s 6d; Colonial Sugar, £43 7s 6d; Courtaulds, 20s 6d: Drug Houses, 32s 6d; Felt and Textiles, ex dividend, 29s 6d; G. J. Coles, 205.-Bd; Woolworths, 20s; Ampol, 30s lOJd; Oil Search, ex rights, 21s 6d; Anthony Hordern, 20s 6d; British Tobacco, ex dividend, 33s 3d; Dunlop, ex dividend, 31s 3d; Goldsbrough, 36s 10jd; New Zealand Forest, 16s Ifd. MELBOURNE Prices fluctuated narrowly on the Melbourne Stock Exchange yesterday, but displayed no definite trend. Sales.—Mount Isa, 435; Emperor, 18s 6d; Mount Morgan, 22s 6d: Oil Search, 21s ■ lid and rights, 16s 3d; ■ E., S., and A. Bank, £6 15s 6d; Ampol, 30s 9d; A.C.1., 43s 6d; Bradford, 34s 9d; 8.H.P., 43s sd; Courtaulds, 20s 4d; Dunlop, 31s 3d; Felt and Textiles, 29s 9d; G. J. Coles, 20s 6d; Herald, 16s 4d; New Zealand Forest, 15s 9d. LONDON Except where indicated as the middle Sice between buyers’ and sellers’ quotions, the latest sale prices of securities of Dominion, interest on the London Stock

B.H. Pty. 1 14 0 1 13 0 ‘Middle price. Mining Shares.—North 8.H.. 55s 3d; Consol. Zinc, 29s 6d; New 8.H., 23s 7Jd; New Guinea Gold, Is 9d. CHRISTCHURCH QUOTATIONS

Sales on ’Change Listed £ s. d. Var’n £300 N.Z. Govt. 3 p.c. Stock,. 1959-61 94 12 6 100 Broken Hill Pty. .. 1 16 0 +6d 100 Whakatarie Board Mills, ord. 0 17 6 N.C. 100 Woolworths, TS[.Z. 0 19 9 +3d Sales Reported, Listed 100 N.Z. Breweries, late sale Wednesday .. 2 4 3 N.C. 500 G. J. Coles, late sale Wednesday •. 500 G. J. Coles,' late 0 17 6 -2d sale Wednesday .. 0 17 5 —3d 93 K.P. N.Z. Drug .. 5 11 6 +6d 2Q0 Woolworths, Ltd. (2 sales) 0 16 11 —Id 200 Woolworths, N.Z. 0 19 9 +3d Sales on ’Change, Unlisted 200 Cory - Wright "and Salmon, pref. 1 1 8 +2d

Exchange are:— March 9 March 16 £ s. d. £ S. d. A.N.Z. Bank 1 16 1J •1 15 9 Com. Bank Aust. 0 16 3 *0 16 3 E., S. and A. Bank 5 10 6 5 11 0 Bank N.S.W. 30 2 6 •30 2 6 Nat. Bank N.Z. 3 16 9 3 17 0 Brit. Tobacco •1 6 1J •1 6 Ij Golds. Mort. 9 0 1 10 0 Dalgety 0 10 51 0 10 4J Ditto, 4 p.c. •95 0 0 94 15 0 Loan and Merc. •81 0 0 •82 0 0 Ditto, ord. 7 6 17 3 P. and O. def. . *3 18 6 •4 2 4J

N.Z. Government— Buyers. Sellers. £ s. d. £ s. d. 3 p.c., 1/8/51-54 .. — 100 0 O' 3 p.C., 15/9/52-55, x.i. .. 98 5 0 — 3 p.c., 15/3/53-56 .. 98 15 0 —— 3 p.C., 15/12/53-56 .. 98 10 0 — 3 p.c., 15/2/55-58 .. 96 15 0 — 3 p.c., 15/4/56-59 .. 96 17 6 —. 3 p.c., 15/11/57-60 .. 95 12 6 — 3 p.c., 15/8/59-61 .. 94 12 6 •— 3 p.C., 15/4/60-62 .. 94 5 0 — 3 p.c., 15/4/60-63 .. 93 12 6 — 3 p.C., 15/7/61-63 . . 92 5 0 —• 3 p.C., 15/6/61-64 .. 92 5 0 — 3 p.C., 15/7/62-64 .. 92 5 0 — — 3 p.c., 15/7/63-65 .. 92 5 0 3 p.c., 15/5/64-66 .. 92 2 6 —— 3? p.C,, 15/5/62 .. 99 5 0 99 10 0 4 p.c., 15/6/52-55 .. — 100 15 0 4 p.c., 31/5/54-58 .. 100 17 6 Banks— Aust, and N.Z. 116 9 1 17 3 Comm, of Aust. .. 0 16 0 17 0 Comm, of Sydney 20 10 0 —— Nat. of A’sia, £1 1 11 0 — 12s 6d .. 1 0 3 • National of N.Z. .. 3 18 6 4 0 0 Ballins, ord. ., 1 4 3 — Pref. 1 1 8 Dominion .. 4 2 0 • —— Tui nr 17 6 New Zealand .. 2 4 0 2 4 4 Tooheys, rights ,. 0 6 8 0 7 3 Westland 1 12 0 Frozen Meat— Canterbury < •. 21 0 0 21 10 0 Pref. 6 12 6 — Gear — 17 6 N.Z. Hefrig. 1 19 0 —— 10s 0 18 6 0 18 9 Southland •. 3 17 6 —s. GasChristchurch 0 16 9 10s paid 0 6 9 ** Timaru 1 2 6 ——- Insurance— F.A.M.E. 1 6 6 National .. •• — 18 0 New Zealand — 6 3 0 South British 3 0 6 3 10 Standard 4 8 9 Loan and Agency— C.F.C.A., ord. — 1.9 0 Pref. 2 19 0 Dalgety “A” •0 10 3 0 11 3 **B” 0 10 6 0 11 0 Golds., Mort. ,, 1 10 0 — Mutual Benefit 1 8 6 Nat. Mort. “A” ... 0 9 'j *‘B” 2 3 9 N.Z.F. Co-op. 0 12 3 1st pref. 0 14 0 "A” pref. . 0 12 0 *‘B” pref. 0 12 0 — 4£ p.c. Stock, ’60 95 10 0 —— 4J p.c. Stock, ’64 95 15 0 N.Z, Guarantee 0 2 1 0 2 5 N.Z.L. and Mer. .. 1 6 0 —— Perm. Invest. 11 7 6 — S.I. Finance 1 8 9 __ Wright, Stephenson, c.r. „ .. 3 13 1 2 6 8 —

ShippingBuyers. £ 8. 0. Sellers. £ s. d. Northern « 0 10 9 0 11 6 P. and O. / .. 4 3 6 Union, pref. 14 6 Timber— Kauri 1 3-0 tew. Woollens— Feltex ... •• 14 9 WWW Kaiapoi .. 15 3 Korma, ord. 0 14 9 0 15 3 Manawatu . ■ .» 3 15 0 Mosgiel .* 2 19 0 Oamafu 2 5 3 tew. Lane, Walker, Rud. 3 13 Pref. 13 0 —te Timaru 1 7 9 Miscellaneous— ■ Alloy Steel (N.Z.) Wte. 2 11 0 Amal. Batt. tetete 18 6 Ampol 15 0 17 0 Andersons, 1st pref. 12 0 —te Aust. C.I. • 1 16 0 Aulsebrooks, pf. .. 13 3 Avon Metal ~ I' 0 12 6 Beath and Co., x.d. 2 8 9 2 10 0 Booth; Mac. 0 5 6 0 6 3 Broken Hill Pty. .. 1 16 0 — Bycroft 2 6 0 —~ Canty. Roller Flour 0 16 0 Claude Neon, N.Z. 2 7 9 -tete Colonial Sugar 36 0 0 36 10 0 Dom. Builders 0 11 6 w—_ D.I.C., 10s 15 9 Dunlop Rubber .. 1 5'6 www Dunlop, N.Z., c.d. 0 17 6 WWW Electro. Zinc, pref. —— 14 0 Evans Atlas ■teW 0 17 0. Fletchers 1 15 6 1 16 9 Frozen Prods., x.d* 0 6 6 G. J. Coles . .. 0 17 7 o 17 a Hallensteins 1 11 0 __ - Hay’s 3 3 0 3 10 0 Humes, x.d. 2 10 w—. Humes, N.Z., pref.. x.d. .. .. 12 6 w— J. Gadsden 18 3 18 9 Pref. 115 12 9 John Chambers .. 18 0 J. J. Niven 3 2 0 3 2 6 K.D.V. Boxes —- 0 11 3 K.P. Drugs 5 11 0 Macky Logan 1 13 3 w_ Mating, pref. — 12 6 £1 paid 1 13 6 1 15 3 McKenzies 0 17 2 Midland Mot. pf. Morris Hedstrom .. 1 19 0 116 2 10 Nat. Electric 5 10 0 New Colosseum .. 2 7 6 N.Z.F. Fert., pref. 1 4 0 W— N.Z. Forest. Prods. 0 13 5 0 13 8 Pref. .. . k. 0 17 9 N.Z. Newspapers 2 18 0 N.Z. Paper Mills ., 1 13 3 Wte. Norvic Shoes 0 14 0 WWW Quill Morris 116 ■tete Ross and Glendfning ’ .. 2 12 0 _ • Skellerup, pf., x.d. 10 6 —. Tip Top Ice 110 wwte Tingey, R. and E. 14 9 Weeks 1 10 0 1 15 6 . Truth, N.Z., pf. .. 12 0 ■tete Whakatane, ord. .. 0 17 6 w— Pref. 110 tete Whit, and Tombs 16 0. WWW Wm. Cable 1 10 0 —— W’worths., ord. • .. 0 16 10 0 16 11 (N.Z.), ord. 0 19 9 (N.Z.), pf. c.d. .. 1 17 6 Pp„ pf., c.d. 13 0 tete. W. R. Cooke and Son ... 0 9 0 w . Overseas Listings— W’worths, S.A. tew. 0 13 0 Australian MiningMount Lyell .. 0 13 10 -ww Oil Search 0 16 3 0 18 0 Rights r 0 14 0 MiningGrey River .. 0 2 9 tete Kanieri 0 15 0 Snowy River ■- — ■ 0 5 0 UNLISTED STOCKS Andrews & Beaven, pref. — 113 Andrews and Beaven, ord. 15 0 Beaths ,1s paid, 19s deposit) 1 16 0 __ Buntings 16 0 1 7 ,6 Canty. Seed 17 6 1 10 0 Carbonic Ice 2 17 0 — Christchurch Press 11 5 0 11 17 6 Europa Oil, N.Z. .. 1 10 0 . .. ■ Cory-Wright, pref. 116 .tew Cory-Wright, ord. —— 1 12 0 Matea Forests .. 0 2 6 — M.L.C. « A 9 13 0 4 26