COMMERCIAL

Press, Volume XC, Issue 27309, 27 March 1954, Page 8

COMMERCIAL

STOCK EXCHANGES MARKET LEADERS IN FIRM DEMAND A strong demand for most classes of securities, persisted on the Christchurch Stock Exchange yesterday. A good volume of business was transacted, and little real change in markets was recorded. • DOMINION TRANSACTIONS

AUCKLAND Sales.—Late Thursday: 200 Korma, 16s; 250 Dominion Fertiliser. 40s. Yesterday: £9OO 3 per cent., 15/5/64-68, £92 ss; £4BOO 3$ per cent., 15/5/62, £99 10s; £3OO Auckland Gas, 4i per cent. perp, deb., £75; 30 Bank of N.S.W., £32; 100 South British Insurance, 60s 9d; 300 Korma, 16s; 500 Booth Industries (an Australian company), 4s 5Jd; 100 Claude Neon, 48s 9d; 600 Dominion Fertiliser, 40s; 345 Elder Smith, 20s Id; 200 Fletchers, 375; 100 Gadsden, pref., 22s 6d; 850 Forest Products, pref., 17s 9d; 200 Northern Roller, 395; 100 Reid Rubber, 16s 9d; 200 Speedway Products, 21s 7 id; 500 Toppa, 5s 2d, and 400 at 5s 3d; 900 Wilson’s Cement, 15s; 100 Woolworths Properties, 17s 6d; 153 Mount Morgan, pref., rights, 2s 4d. Unlisted: 100 Motor Traders, 42s 6d. WELLINGTON Sales.—£22oo 3 per cent., 1963-65, £92 ss; £l9OO 32 per cent., 1982, £99 10s; 29 E.. S., and A. Bank, £5 11s; 300 Nat’ nal Bank of Australasia, 12s 6d paid, 20s 3d; 21 Bank of New South Wales, £32; 120 Dominion Breweries (2 sales), 83s; 50 Wright. Stephenson, 66s 6d; 200 Consolidated Brick, 12s; 200 Korma, N.Z., 16s; 275 Milburn Lime, 26s 9d; 100 N.Z. Farmers’ Fertiliser, 35s 6d; 400 Tip Top, Auckland, 225; 150 South British Insurance (2 sales), 16s 9d; 700 Woolworths, Ltd. (2 sales), 16s 7d. Unlisted: 100 Alex. Harvey, ord., 465. DUNEDIN Sales.—29o A.N.Z. Bank, 375; 100 Wright, Stephenson, ord., 675. Sales Reported.—£l2so 3 per cent., 15/7/63-65, £.92 ss; 500 National Bank of Aust., paid, 31s; 200 National Insurance, 27s 6d; 100 N.Z. Insurance, £6 2s 3d; 500 National Mortgage “A,” 9s 9d; 118 National Mortgage “B” (2 sales), 455; 60 Mosgiel Woollen, 60s; 6 Colonial Sugar. £36 ss; 500 Dominion Fertiliser, 40s; 200 G. J. Coles; 17s 4d; 500 Williamson, Jeffrey, pref., 21s 6d; 300 Woolworths, Ltd., 16s 7d. INVERCARGILL Sales Reported—2oo Ampol, 25s lid, and 300 at 255. OVERSEAS EXCHANGES SYDNEY Share prices advanced fairly generally on increased buying pressure on the Sydney Stock Exchange yesterday. Sales.—Commercial Bank Sydney, £24; Commercial Bank Australia, 19s 6d; Bank of New South Wales, 37s lOd; Tooheys. ex dividend, 265; Tooth, 79s 6d; Associated News, 18s IJd; Australasian Paper, ex dividend, 18s lOJd; British Tobacco, ex dividend, 32s 6d; 8.H.P., 43s 9d; Colonial Sugar, £42 10s; Courtaulds, 21s 4’,fed; Drug Houses, 325; Dunlop, ex dividend, 31s: Electro. Zinc, ex dividend. 29s 9d; Felt and Textiles, ex dividend, 30s; Taubmans, 16s 6d; Woolworths, ex dividend, 20s; Mount Morgan, ex dividend, 22s 6d; AmPetroleum, 30s 10’ad; New Broken U,^ s o 6d: Oil Search, ex tights, 22s 3d; Oil Search, rights, 17s.

MELBOURNE Trading was moderate in the investment section of the Melbourne Stock Exchange yesterday. Prices fluctuated narrowly and displayed an irregular trend. Sales.—Commercial Bank Australia, 19s 9d; Ampol Petroleum, 30s 9d; Ampol Petroleum, pref.. 21s; Australasian Paper, r> A British Tobacco, 335; 8.H.P., 43s 6d; Courtaulds, 21s 3d; Electro. Zinc, 29s 9d, pref., 295; Coles, 20s 7d; Gordon and Gotch, 20s 6d; 1.C.1., 35s 9d, pref., 19s 6d; Myer. Ils: New Zealand P° res t 15s lid; Woolworths, 20s; Consol. Isa> 455: Mount Lyell, 16s 6d; North Broken Hill, 72s 3d; Em- ? 9s c . 6d: 2£? unt Morgan, rights to pref., 3s sd; Oil Search, 22s 6d; Oil Search, rights, 17s 6d; Ampol, 25s 9d; Ampol Exploration, 95s 6d.

„ LONDON Consolidated, 2J per cent., £64 10s; Funding Loan, 4 per cent., £lOl 10s, x.d.; War Loan,-3} per cent., £B7; Conversion Loan, 3A per cent., £B6 10s; Victory Bonds, 4 per cent., £lO2 10s; Commonwealth, 3 J per cent., £95 10s; onu 2°nwealth, 3j per cent., 1956-61, £97 Commonwealth, 33 per cent., 1965-69. £9l 10s; Commonwealth, 3 per cent., £99 10s; South Australia, 3 per cent., £7l 10s; N ®w Zealand, 3 per cent., £lOO 10s. Mining: Bi oken Hill Proprietary, 33s 9d; Zinc, 295; New Guinea,

CHRISTCHURCH Sales on •'Change 10 Commercial BankListed £ s. d. Var’n. ing of Sydney .. 100 National Bank of 20 0 0 -10/N.Z. (2 sales) 3 19 0 4-6d 5 Bank of N.S.W. •.. 32 0 0 -10/. 200 National Insurance 1 6 200 British Tobacco .. 1 0 5 Colonial Sugars .. 36 2 6 -2/6 72 Mt. Morgan, rights Sales Reported, £2000 N.Z. Govt., May, 1953-56, 3 p.c. Stock (late sale 0 2 Listed Thursday) £30Q N.Z. Govt.. 195599 0 0 — 58, 3 n.c. Stock .. £2200 N.Z. Govt. 3 p.c. Stock, 1963-65 (late 97 0 0 — sale Thursday) .. 50 South British In92 5 0 — surance .. £150 N.Z. Farm. Co-op. 3 0 9 N.C. . 4J p.c. Stock, 1955 98 10 0 — 100 British Tobacco .. 275 Milburn Lime (late 1 7 0 N.C. sale Thursday) .. 1 200 Northern Roller 1 6 9 -3d Milling 300 Skellerup Indus1 19 0 — tries, pref. 500 Woolworths, N.Z. (late sale Thurs1 1 0 N.C. day) 1 0 0 +3d

CHRISTCHURCH QUOTATIONS Buyers. Sellers. N.Z. Govt.— £ s. d. £ s. d. 3 p.c., 15/5/53-56 .. 99 0 0 3 p.c., 15/12/53-56 .. 98 15 0 3 p.c., 15/2/55-58 .. 97 0 0 97 5 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.. 15/4/60-63 .. 93 15 0 3 p.c., 15/5/64-66 .. 92 0 0 31 p.c., 15/1/53-57 .. 99 -■? g 32 p.C., 15/5/62 99 10 0 4 p.c., 15/6/52-55 .. 100 10 0 100 15 0 Bank 31/5/54-58 100 15 0 Aust, and N.Z. 1 16 0 "B” of Aust. .. 1 0 19 16 0 3 0 16 9 Comm’ of’ ’ Sydney 20 0 0 7 2 0 Natl, of A’asia., £1 1 9 6 1 10 3 National of ’ N.Z. .’ — 1 3 0 19 6 3 Breweries— * 32 5 0 Ballins, ord. .. 5 5 3 New Zealand 2 0 Westland j 13 6 1 8 6 Frozen MeatCanterbury 21 0 0 6 15 0 — N.Z. Refrig. ** 10s 1 19 6 7 6 Cant. pref. .. 1 1 9 0 19 3 Auckland v 0 * 7 Christchurch 0 17 0 0 17 3 10s paid .. 0 7 0 Insurance— 2 6 — F.A.M.E. .. 1 6 6 National .. 7 New Zealand 6 2 0 6 o South British 3 0 9 3 0 Standard .. Lean and Agency— 4 9 6 — C.F.C.A., ord. 1 9 0 Credit and Fin. ’’ 0 9 Dalgety “A” 0 10 9 Goldsbrough, Mort 1 X 9 6 10 9 Natl.„ Mortgage. "A” 0 9 9 0 10 0 N.Z.F. Co-op. * ’ 0 12 3 ■ 1st pref. 0 14 2 0 14 6 “A” pref. 0 12 0 “B” pref. 0 12 0 4J p.c. Stk., ’60 .. 95 15 0 ■ 4J p.c. Stk., ’55 .. 98 10 d . 41 p.c. Stk., ’65 .. — 95 15 0 N.Z. Guarantee 0 2 3 0 2 5 Permanent Invest. 11 10 0 S. Island Finance 1 10 0 United Building .. 1 0 6 Wright, Stephenson Pref. Shipping— 3 0 0 3 6 — Northern .. 0 11 1 0 11 3 Union, pref. 1 4 8 Kauri .. — 1 5 0 Bruce .. .a 2 0 6 2 5 0 Feltex 1 4 6 1 5 6 N.Z. 1 14 0 2 0 '0 Kaiapoi .. Korma, ord. Lane, Walker, pref. 1 5 0 1 5 6 1 3 0 — Manawatu 3 15 0 ■ Mosgifel 2 19 6 -• -■ Oamaru 2 5 6 Lane, Walker 3 3 0 3 10 0 Timaru Matheson Minster, 1 8 1 pref. 0 18 6 - . Miscellaneous— Amal. Batt. 5 6 1 8 6 AmpOl .. Andersons. 1st pf. 1 5 2 0 0 1 6 8 AsSoc. Leathers 0 15 6 Apex Ice 1 12 3 1 17 9 Aulsebrooks, pref. 3 3 Avon Metal 3 7 9 Beath and Co. 2 9 6 2 11 0 Anthony Hordern Beggs .. .. s 16 0 3 0 0 17 0

Buyers. £ s. d. Sellers. £ ' s. d. Berlei. N.Z. 1 12 0 —— Booth. Macdonald 0 b 3 0 6 0 Brit. Tobacco 16 9 MM Bycroft 2 6 6 Mm Broken Hill Pty. . 1 16 3 MMM Claude Neon, N.Z 2 8 6 MM Colonial Sugar 36 2 6 36 10 0 Coulls ,1 7 11 MM. Courtaulds 0 17 0 MM Dom. Builders 113 MMM Donaghy’s Rope . 2 2 0 •MM D.I.C., pref. 14 0 — Dunlop Rubber 15 6 Dunlop, N.Z., x.c — 0 18 9 Electro. Zinc, pref 13 3 •— Fletchers 1 17 0 •M. Frozen Rroducts . 0 7 0 ““ Griffins 2 3 0 2 10 0 G. J. Coles 0 17 3 0 17 6 Greater Crystal . 110 —■ Haiiensteins 1 12 0 — Hay’s 3 8 0 3 9 0 Humes 2 0 0 —* Humes (N.Z.). pref 12 9 I.C.I., A., N.Z. 0 16 0 0 17 0 J. Gadsden, c.d. . —— 1 10 0 John Chambers . 18 0 — J. J. Niven 3 2 0 ■■". K.D.V. Boxes 0 10 9 MM. K.P. Drugs 5 12 6 1 ■ Macky Logan 1 13 3 MM Mason. Struthers £1 paid 1 13 6 14s paid — 14 6 10s paid 0 18 6 McCaskey, pref. . —— 0 18 6 McKenzies 0 17 4 — Midland Motors, pf — 116 Morris, Hedstrorr 1 18 0 MM Nev/ Colisseum 2 7 6 MM N.Z.F. Fertiliser pref. 14 0 MM N.Z. Forest Prod 0 13 4 MM Pref. 0 17 6 0 17 9 N.Z. Newspapers . — 3 0 0 N.Z. Paper Mills . 1 14 9 MM Norvic Shoes 0 14 0 MM Petrous Tile 12 6 MM Quill Morris 12 0 MM Reid Rubber 0 16 6 MM Tingey. R. and E pref. 14 9 MM Sharland .. —— 2 12 0 Ross and Glen. 2 12 3 Skellerup, pref. . — 113 Tip Top Ice 110 —M. Truth, N.Z., pref 12 0 Weeks — 1 15 6 Whdkatane, ord. . 0 17 6 — Whit and Tombs x.d. 15 6 16 0 Wm. Cable — 1 10 3 “B” pref. — 12 0 Wilsons Cement . 0 14 10 —- Woolworths, ord. x.d. 0 16 6 0 16 8 Properties —— 0 19 6 (N.Z.), ord. 10 0 MM (N.Z.). Pf.. x.d. . 12 6 MM. W. R. Cooke & Son 0 10 0 MM Overseas Listings— W’worths (S.A.) 0 12 0 MM Aust. Mining— Mount Lyell 0 13 9 — Mount Morgan, rts 0 2 4 0 3 0 MiningGrey River 0 3 0 0 3 6 Kaniere 0 15 0 Snowy River — . 0 5 0 UNLISTBI STOCKS Andrews and Bea ven, ord. MM. 14 8 Pref. MM 113 Colonial Motors . 1 12 0 MM Beaths (Is paid, 19 deposit) 1 16 6 —— Buntings .. 16 0 — Canty. Seed 18 0 i io o Christchurch Press 11 7 6 12 0 0 Europa Oil 1 10 9 1 13 0 Cory-Wright, ord 17 3 MM Pref. 117 MM Mac.. Caley, Phoe nix • • . MM. 1 12 0 M.L.C. 3 13 0 MM Matea Forests 0 2 6 MM N.Z. Motor Bodies — 2 7 6 Tingey, R. and E. 0 14 0 .M. Reece, Ltd., E., ord 0 13 0 19 Reece, Ltd., E., pf. 0 9 6 MM Scales, “C” pref. . 0 5 3 — Southland Rrew MM 15 0 Victoria Mansions 16 0 MM Watties Canneries 2 15 0 — .. ...