COMMERCIAL

Press, Volume XC, Issue 27308, 26 March 1954, Page 14

COMMERCIAL

STOCK EXCHANGES MARKETS ACTIVE Markets were active on the Christchurch Stock Exchange yesterday. There were no appreciable variations in prices, although sellers for several , Australian issues had to make slight concessions. Government securities remained firm, but inquiry lessened. Banking shares were inclined to be erratic, but most issues were firm to firmer. E., S.» and A. Bank, National Bank of Australasia, contributing, and National Bank of New Zealand, changed hands. There was a revival of interest in Dalgety’s issues. The A shares and B shares were both traded at 10s 9d, but at the close there were unsupported sellers of the A’s at the same price, whilst buyers for the B’s dropped their bids to 10s 6d. Both National Mortgage issues had dearer buyers and no sellers. Coles receded to business at 17s 4d, with more wanted at 17s 3d. Bids for Woolworths, Ltd.’s shares were fractionally lower at 16s 6d and sellers remained firm at 16s 9d. Buyers for Woolworths New Zealand advanced their offers to 20s and sellers were 3d dearer at 20s 6d. Buying bids for McKenzies were raised to 17s 4d on a market which remained bare of sellers.

In the New Zealand mining section it was noted that Grey Rivers, which have had quiet but steady inquiryjEor some time, were quoted wide, with “buyers at 3s and sellers at 4s 6d. DOMINION TRANSACTIONS CHRISTCHURCH

AUCKLAND Sales.—Late Wednesday: 100 N.Z. Insurance, £6 2s 3d; 100 South British, 61s; 150 Claude Neon, 48s 6d; 200 Fletchers, 375; 290 Milne, Choyce, cum div., 51s; 100 Sharlands, 51s. Yesterday: £lO2O 3 per cent., 15/4/60-63, £93 17s 6d; £5500 32 per cent., 15/5/62, £99 10s; 847 Auckland Gas, 10s paid, 4s 9d; 200 Commercial Bank Australia, 16s 7d; 170 Dominion Breweries, 83s; 100 N.Z. Insurance, £6 2s 3d; 250 South British, 60s 9d; 1051 Devonport Ferry, 22s 6d; 200 Bruce Wool, 41s; 100 A. J. Entrican Sims, pref., 20s 6d; 100 Broken Hill Pty., 36s 9d; 350 Fletchers, 375; 300 Gordon and Gotch, 17s 6d; 400 Forest Products, 13s 4d, and 400 pref., 17s 9d; 100 Radio (1936), 14s 9d; 500 Reid Rubber, 16s 9d; 200 Speedway Products, pref., 19s 3d; 200 Woolworths, Ltd., 16s 7d; 353 Mount Morgan, pref., rights, 2s sd. and 288, 2s 3d. Unlisted: 100 Alex Harvey, 565; 200 J. Wattie Canneries, 55s 6d. WELLINGTON Sales.—Late Wednesday: £lO4O 4 per cent., 1952-55, £101; 200 Dunlop, N>.Z., ord., ex, 18s 3d. Yesterday: £2BOO 3 per cent., 1963-65 (3 sales). £92 ss; £2OO 31 per cent., 1953-57, £99 2s 6d; £lOOO 32 per .cent., 1962, £99 10s; 847 Auckland Gas, 10s paid, 4s 9d; 455 A.N.Z.' Bank, 36s 9d; 261 Union Steam, pref., 24s 9d; 500 B.H.P. (2 sales), 375; 350 Fletcher Holdings (2 sales), 375; 200 N.Z. Forest Products, pref., 17s 9d; 100 Whakatane Board Mills, ord., 17s 6d; 100 Woolworths, Ltd., ex. 16s 8d; 400 Woolworths, N.Z., 20s; 100 Woolworths, »Ltd., 16s 7d. Unlisted: 20 Dominion Farmers* Inst, (odd), £5 7s 6d.

Sales.—46s Aust, and N.Z. Bank, 36s 9d, and 300 375; 261 Union Steam, pref., 24s 9d; 300 Ampol Petrol, 255, and 200 25s lid; 250 Dominion Fertiliser, 40s; 100 Fletchers Holdings, “B" pref., 21s 6d; 100 J. Gadsden, pref., 22s 6d; 300 Wilson Cement, 15s; 140 Mount Morgan, pref., rights (2 sales), 2s 2d, and 336 2s 3d.

SYDNEY The lull in share trading continued in a steady market on the Sydney Stock Exchange yesterday. Sales.—Bank New South Wales, £37 17s 6d; Tooheys, rights, 8s lid; Tooth, 79s 3d; Hordern, 20s 3d; Bradford, ex div., 34s 3d; Australasian Paper, e'x div., 19s; Colonial Sugar, £47 17s 6d; Courtaulds, 21s 3d; Dunlop, ex div., 31s; Felt and Textiles, ex div., 29s 9d; 365; Taubmans, 16s 4Jd; Ampol Petroleum, 30s lOJd; Mount Isa, 455; Oil Search, ex rights, 225, and rights, 16s 3d.

Turnover was moderate in the investment section of the Melbourne Stock Exchange yesterday. Prices moved narrowly, but displayed a slightly easier trend.

Sales.—■ Commercial Bank Australia, 19s 6d; Commercial Bank Sydney, £24 ss; E., S., and A. Bank, £6 15s 6d; Goldsbrough, 37s 3d; Ampol Petroleum. 30s lid; Australasian Paper, 19s; Bradford, 34s 6d; British Tobacco, 335, and pref., 24s 6d; 8.H.P.. 43s 3d; Courtaulds, 21s; Dunlop, 30s lOd; Electro. Zinc, pref., 295; Coles, 20s 7d; Herald, 16s 8d; Humes, 48s 6d; 1.C.1., 36s 3d; Myer, Ils; New Zealand Forest. 16s Id; Woolworths, 20s; Mount Isa, 455; Mount Lyell, 16s 6d; Emperor, 19s 3d; Mount Morgan, 22s 6d, and rights, 3s 4d; Oil .Search, 22s 3d, and rights, 16s 2d? Ampol Exploration, 965.

Sales on 'Change, , Listed £ s. d. Var’n 50 South British Insurance, c.d. 3 0 9 N.C. 300 Dalgety’s "B” 0 10 9 N.C. 150 Fletcher Holdings 17 0 N.C. 100 G. J. Coles 0 17 4 —2d 100 Mason, Struthers (£1 paid) 1 14 0 100 Wilson’s Cement 0 15 0 N.C. Sales Reported, Listed 50 E., S., and A. Banks 5 12 6 +6d 800 Nat. Bank of A’sia., con. 1 0 3 —3d 45 Natl. Bank of N.Z, 3 18 6 —9d 50 South British Ins., C.d. 3 0 9 N.C. 296 Dalgety’s “A” 0 10 9 —Id 580 Dalgety’s “B” 0 10 9 N.C. 200 Kaiapoi Woollens 5 3 N.C. 250 British Tobacco .. 1 7 0 —6d 100 Fletcher Holdings 1 17 0 N.C. 200 J. J. Nivens, late sale Wednesday .. 3 2 6 N.C. 200 Morris Hedstrom 1 19 0 —9d 200 Reid Rubber 0 16 9 +3d 100 Broken Hill Sth. 2 6 3 400 Mt. Lyells 0 13 10 —Id

CHRISTCHURCH QUOTATIONS Buyers, irs. d. Seller £ s. . d. N.Z. Govt.— 3 p.c., 15/5/53-56 .. 98 17 6 3 p.c., 15/12/53-56 .. 98 15 0 3 p.c., 15/2/55-58 .. 96 15 0 WM 3 p.c., 15/4/56-59 .. 96 17 6 WM 3 p.c., 15/11/57-60 .. 95 12 6 —— 3 p.c.. 15/4/60-63 .. - 93 15 0 3 p.c., 15/7/62-64 .. 92 5 0 wm 3J p.c., 15/1/53-57 .. 99 7 6 32 p.c., 15/5/62 mw 99 10 0 Banks— Aust, and N.Z. .. 1 16 6 ■ — “B” 1 18 6 — Comm, of Aust. .. 0 16 6 0 16 8 Pref. 6 15 0 7 5 0 Comm, of Sydney 20 0 0 E., S., and A. 5 11 6 —— Natl, of A’asia., £1 1 9 9 1 10 9 12s 6d .. 0 19 9 WM National of N.Z. .. 3 19 6 N.S.W 32 0 0 32 10 0 Breweries— Ballins, ord. •• 1 4 9 Pref. .. « 1 1 8 1 2 0 New. Zealand •• 2 4 3Tui 1 8 6 Westland •• 1 13 6 M~ Frozen MeatCanterbury, pref. .. 6 15 0 W— Gear .. — 1 7 6 N.Z. Refrig. 1 19 6 2 0 6 10s 0 18 6 WM Nth- Cant., pref. .. 1 1 6 —- GasChristchurch .. 0 16 10 —— 10s paid .. 0 7' 0 MW. Timaru .. 1 2 6 — Insurance— F.A.M.E. .. X 1 6 6 WM National .. «m 1 7 10 New Zealand — 6 3 0 Sth. British, c.d. .. 3 0 9 3 1 0 Standard .. 4 9 0 WM Loan and Agency— C.F.C-A., ord. 6 0 1 9 0 CJ.C.A., pref. 2 19 9 —_ Dalgety "A” — 0 10 9 “B” 0 10 6 0 10 9 Goldsbrough, Mort 1 10 0 — Mutual Benefit 1 8 6 WM Natl. Mortgage “A” 0 9 9 WM “B” 2 3 W—. N.Z.F. Co-op. 0 12 3 — 1st pref. — 0 14 9 “A” pref. 0 12 0 wm 4$ p.c Stk., *60 .. 95 12 6 96 2 6 4J p.c. Stk., ’65 .. mm 95 15 0 Permanent Invest. 11 6 MM S. Island Finance 1 9 4 ——— United Building .. — 1 0 6 Wright, Stephenson, pref. 1 2 6 MM ShippingNorthern • • 0 10 9 0 H 3 Union, pref. .. 1 4 7 WM Woollens— Feltex .. •• —_ 1 5 9 N.Z 1 13 6 1 15 0 Kaiapoi mw 1 5 6 Korma, ord. 0 14 9 WM Lane, Walker, pref. 1 3 0 Manawatu 3 15 0 WWW Mosgiel 2 19 6 Mw Oamaru 2 5 3 —M Lane, Walker, pref. 1 3 0 MM Timaru 1 8 0 MW Miscellaneous— Alloy Steel (N.Z.) —— 2 H 0 Amalg Batt. — 1 8 3 Andersons, 1st pf. 1 2 0 MW Apex Ice 1 19 0 Aulsebrooks, pref. 1 3 0 Avon Metal 0 12 6 Beath and Co. 2 9 6 Anthony Hordern MW 0 17 0 Booth, Macdonald 0 5 3 . 0 6 0 Briti. Tobacco 1 6 9 1 6 Bycroft 2 6 6 -M. Broken Hill Pty. .. 16 5 1 17 0 Claude Neon, N.Z. 2 8 3 Colonial Sugar 36 0 0 WM Coulls Som. 9 9 wm Courtaulds 0 17 0 MM Dominion Bldrs. .. 0 11 3 M— Dom. Rubber, c.d. 0 10 0 Donaghy’s Rope .. 2 2 8 WWW D.I.C., 10s pd. —— 1 5 6 Pref. .. 1 5 0 MW Dunlop, N.Z., pf. .. 0 16 0 MW Electro. Zinc, pref. 1 2 6 WWW Evans Atlas — 0 17 0 Farmers, new 1 0 Fletchers 1 17 0 WM Griffins —M 2 10 0 G. J. Coles 0 17 3 0 17 5 Hallensteins 1 12 0 Hay’s 3 8 0 3 9 9 - Humes 2 0 0 2 12 0 Humes (N.Z.). pref. 1 2 6 MW A., N.Z. 0 16 3 0 17 4

Buy*ers. £ s. d. Sellers. £ s. d. John Chambers .. 1 » 1 — K.D.V. Boxes 0 10 9 K.P. Drugs 5 12 6 Macky Logan 1 13 3 — Maling, pref. 113 Mason, Struthers, £1 paid 1 13 0 mm 14s paid — 1 4 6 10s paid — 0 18 8 McCaskey, pref. .. 0 17 6 0 18 6 McKenizes 0 17 4 m_ Midland Motors, pf. —. 1 1 9 Milburn Lime — 1 7 6 Morris, Hedstrom 1 18 0 mm National Electric .. 5 12 6 mm New Colisseum 2 7 6 . N.Z.F. Fertiliser .. 1 15 0 «M Pref. 14 0 — N.Z. Forest Prod,. 0 13 4 Pref. 0 17 9 N.Z. Newspapers . ■ — 2 19 9 N.Z. Paper Mills .. 1 13 6 mm Norvic Shoes 0 14 0 —• Petrous Tile 12 0 — Quill Morris 12 0 — R. and E. Tingey, pref. 0 16 3 0 16 5 Ross and Glen. 2 12 0 •— Skellerup, pref. .. 110 Speedway Products 110 — Tip Top 1 1 0 Truth, N.Z., pref. 12 1 —- Weeks 1 10 3 1 15 6 Whakatane, ord. .. 0 17 6 0 18 0 Whit and Tombs, x.d. 15 6 —m Wm. Cable mm 1 10 3 “B” pref., new .. 1 1 .6 1 2 3 Wilsons Cement .. — 0 15 0 Woolworths, ord., x.d. 0 16 6 _0 16 9 (N.Z.), ord . 10 0 1 0 6 (N.Z.), pf., x.d. 1 16 0 —— Pp., pref., x.d. .. 12 6 W. R. Cooke & Son 0 10 0 — Overseas Listings— W’worths (S.A.) .. 0 12 0 MM Aust. Mining— Mount Lyell 0 13 10 MM Mount Morgan, rts. 0 2 3 0 3 0 Mining— Grey River 0 3 0 0 4 fl Kaniere MM 0 15 0 Snowy River — 0 5 0 UNLISTED STOCKS Andrews and Beaven, ord. 1 4 6 Pref. MM 1 1 3 Colonial Motors .. 1 11 0 MM Bunting 16 0 M — Chch. Press 11 5 0 12 0 0 Cory-Wright, ord. 17 6 Cory-Wright, pref. 116 MM Mac,, Caley, Phoenix mm 1 12 0 M.L.C. 3 15 0 4 1 0 Matea Forests 0 2 6 Motors Traders 2 16 MM N.Z. Motor Bodies 2 7 6 Reece Ltd., E„ ord. — 0 1 9 Scales, “C” pref. .. 0 5 0 Southland Brew. .. m_ 1 5 0 Tingey, R. and E. 0 13 7 Victoria Mansions 16 3 MM Watties Canneries 2 15 0 —