COMMERCIAL

Press, Volume XC, Issue 27368, 5 June 1954, Page 8

COMMERCIAL

STOCK EXCHANGES WEEK CLOSES ON STRONG NOTE A large volume of business in a widei range of stocks was transacted on the Christchurch Stock Exchange yesterday Price gains far outnumbered losses, and in some cases were most marked. DOMINION TRANSACTIONS CHRISTCHURCH Sales cn ’Change, Listed £ s. d. var n.

AUCKLAND Sales.—Late Thursday: 200 Farmers Fertiliser, 37s 3d; 200 Reid Rubber. 18s 6d. Yesterday: £l5OO, 15/8/59-61, 3 per cent., £94 10s; 1000 National Bank A asia, 29s 6d; 310 Dominion Brewery, 90s; 400 Auckland Gas (10s paid), ss; 300 National Insurance, 28s; 400 South British, 64s 6d; 400 Newton King, 16s 3d; 157 Devonport Ferry, 23s 3d; 500 Northern Steam. 13s; 500 British Tobacco. 26s 7d; 40 Colonial Sugar, £35 10s; 400 Consol. Brick, Ils 9d; 250 Dunlop, N.Z., 20s 6d; 800 Fletchers, 41s; 700 Coles, 15s Id; 150, rights, 10s 4d; and, 300, 10s sd; 50 Milne and Choyce. 54s 6d; 280 Farmers’ Fertiliser, 37s 3s; 100 Forest Products, pref., 18s 9d; 250 Phillipps and Impey, 47s 6d; 400 Reid Rubber, 18s 6d; 300 Ross and Glendining, 55s 6d; 300 Wilson’s Cement, 15s 9d, and 1000, 15s lOd; 450 Woolworths, Ltd., 18s. Unlisted.— 2oo Maple Holdings, 48s. WELLINGTON Sales.—Late Thursday: 100 Wairarapa Farmers, 10s 6d; 100 Korma, ord., 17s 3d; 50 Fletcher Holdings, cum, 40s 9d; and, 500, 40s Id; 100 William Cable "A” pref., 295. Yesterday: £lOOO 3 per cent. Stock, December. 53-58, £9B 15s; £2OOO, 60-62, £92 . 17s 6d; £lOlO. 60-63, £92 10s; 20 Bank New Squth Wales. £33 2s 6d; 250 Dominion Breweries, 80s; 150 South British Insurance, 64s 6d; 100 Felt and Textiles, Aust., 28s; 5 Colonial Sugar, ex div., £35 10s; 300 Dental and Medical, 355; 500 Dunlop, N.Z. (2 sales), 20s 6d; and 100. pf., 17s 2d; 100 G. J. Coles, 15s 2d; 200 Griffins. contrb., 26s lOd; 300 N.Z. Forest Products (2), 15s 3d; 100 Whakatane, ord., contrib., 13s 1000 Wilson’s Cement, Cum, 15s 7d; 100 Woolworths, N.Z., cum, 22s 6d. DUNEDIN Sales.—Late Thursday: 300 8.H.P.. 36s 6d. Yesterday: £12,500 N.Z. Govt. 3 per cent., 15/12/53-56, £9B 12s 6d; £5OOO 3% per cent.. 15/5/62, £97 IJs 6d; 600 Comm. Bank, 16s 8d; 300 National Insurance, 28s; 530 Coles, rights, 10s 4d; 465 McLeod Bros. (2 sales), 46s 3d: 400 N.Z. Forest Products, ord., 15s 3d; 230 Ross and Glendining, 55s 6d; and, 124, 55s 3d. INVERCARGILL Sales Reported.—loo Felt and Textiles (Aus.), 28s; 400 British Tobacco, 26s 7d; £l4OO 3 per cent., 63-65, £92 15s; £6OO 63-65, £92 15s; £l3OO, 64-66, £9l 10s; 100 N.Z. Forest Products. 18s 9d. OVERSEAS EXCHANGES SYDNEY The general tone of the market was firm or. the Sydney Stock Exchange yesterday. Sales:—British Tobrcco, 32s 6d; Goldsbrough, 41s 6d; Masonite, 565; Millaquin, 56s 9d; Yarra Falls, 38s 9d; 21s 7id; A.C.1., 43s 9d; Bonds Ind., 27s 9d; Burns. Philp, 54s 6d; Colonial Sugar, £4l 17s 6d; Dunlop, 325; Humes, 52s 6d; North Broken Hill, 765; South Broken, 60s 6d; Mount Morgan, 245; Oil Search, 23s 7d; Ampol Petroleum, 335; Ampol Exploration, 71s 6d. MELBOURNE Investment rises were not so pronounced on the Stock Exchange yesterday, but the market undertone maintained its firm trend. Sales.—Commercial Bank of Sydney, rights, £7 3s;. A.CJ., 44s 3d: Australian Iron and Steel, pref., 27s 9d; Drug Houses, 31s sd; Dunlop, 325; Feltex, 32s 9d; Coles, 18s 3d; rights, 12s 9d;. Gordon and Gotch, ?2s Herald, . 16s 3d; Humes, 52s 6d; 34s Ud; Kauri, 295; Myer, 11s 7d; N.Z. Forest, 18s Id; Broken Hill Pty., 43s 6d; New Broken. 31s 9d; Loloma. 27s 3d; Consolidated Zinc. 41s; Oil Search, 235; Ampol Petroleum, 325.

„ , LONDON Broken Hill North, 59s 4Jd; Broken Hill Proprietary, 33s 6d; Consolidated Zinc, 32s 9d; New Guinea Gold, Is 6Jd.

500 N.Z. Farmers’ Co-op. "B” pref. (2 sales) 0 13 9 +1/6 200 Timaru Wool (2 sales) 500 N.Z. Forest Prod., 1 9 6 N.C. pref. (2 sales) 0 18 9 — 300 Wilsons Cement, c.d. (2 sales) 0 15 8 — Sales Reported, Listed £250 N.Z. Govt. 3 p.c. Stock, Dec., 1953-56 98 15 0 —• 40 Bank of Adelaide, rights . ■■ 200 Com. Bank of Aust. 0 0 16 0 9 +3d +3d 100 Ballins Breweries, 1 6 0 +3d 600 N.Z. Breweries (2 sales) 2 6 9 N.C. 100 N.Z. Refrig., tully 2 5 6 +2/6 150 Credit and Finance 1 5 0 300 Feltex (2 sales) .. 1 7 9 +3d 1050 Timaru Wool (a sales) 1 9 6 N.C. 200 Aust. Consolidated Industries 1 16 6 -|-9d 470 Coles (2 sales) .. 0 15 +ld 150 Humes 2 *1 3 • 465 McLeod Bros. 200 N.Z. Forest Prod., 2 6 3 ord. 0 15 3 700 Woolworths (N.Z.), c.d. 1 2 9 N.C. 100 Wm. Cable Hldgs., * “A” pref, (late sale •Thursday) 1 9 0 +3d Sales Reported. < Jnustec 1 300 Canty. Seed Co. N.C. (late sale Thursday) 1 8 3

CHRISTCHURCH QUOTATIONS N.Z. Govt.— Buyers. £ s. d. Sellers. £ s. d. 3 p.c., 15/9/52-55 .. 99 5 0 3 p.<f., 15/5/53-56 98 10 0 3 p.c., 15/12/53-56 .. 98 15 0 99 0 0 3 p.c., 15/4/56-59 .. 96 5 0 3 p.c., 15/11/57-60 .. 95 0 0 3 p.c., 15/4/60-63 .. 93 0 0 3 p.c., 15/6/61-64 .. 93 5 0 3 p.c., 15/7/62-64 .. 92 15 0 3 p.c., 15/7/63-65 .. 93 0 0 3 p.C., 15/5/64-66 .. 91 15 0 34 p.c., 15/9/57-60 96 10 0 3J p.c., 15/1/53-57 99 12 6 33 p.c., 15/5/62 .. 97 15 0 Bank' 0 ” 15/6/52-55 •• 101 7 6 — C.B.A., new 0 16 6 A.N.Z.. “B” 2 0 0 Adelaide 1 14 0 Adelaide, rights .. 0 ~7 0 Aust, and N.Z., c.d. 1 18 0 Comm, of Aust. .. 0 16 7 Pref. 6 15 0 Comm, of Sydney, rights 16 12 6 17 5 0 E., S., and A. 5 14 0 Nat. of A’asia., £1 1 11 0 12s 6d .. — 10 0 National of N.Z. .. 4 8 6 4 9 6 N.S.W. Breweries— 33 0 0 33 10 0 Ballins, ord. 15 9 16 0 New Zealand 2 6 6 2 6 9 Westland 1 16 0 Frozen MeatCanterbury 21 5 0 Pref. 7 0 0 Gear 16 9 N.Z. Refrig. 2 4 9 10s Nth Canty., pref. 116 12 0 — Waitaki 11 17 6 CJa £ Auckland 0 4 11 Christchurch 0 16 9 10s paid 0 6 9 Timaru 13 9 Insurance— F.A.M.E. 17 3 National 17 6 New Zealand 6 8 0 South British 3 3 9 3 4 6 Standard 4 18 6 5 2 6 Loan and Agency— C.F.C.A., ord. 18 0 Pref., 3 0 3 Ch.Ch. Build. 15 5 0 Credit and Finance 15 0 15 6 Dalgety, "B” 0 11 3 0 11 6 Goldsbrough. Mort, c.d. 1 14 0 General Finance .. 0 15 0 Mutual Benefit 19 0 Nat. Mortgage, “A/* c.d. 0 10 0 . N.Z.F. Co-op. 0 13 9 1st pref. 0 14 6 "A” pref. 0 13 6 . “B” pref. 0 13 6 0 14 0 4A p.c. Stk„ 1960 96 12 6 4J p.c. Stk., 1955 100 0 0 N.Z. Guarantee 0 2 4 N.Z. L. and Mer. 1 10 0 Perm. Invest. 11 10 0 S J. Finance 1 10 0 United Building 10 0 Wright, Stephenson 1 13 0 Pref. 13 3 Shipping— P. and O. 1 18 0 Union, pref. 15 3 Woollens— Bonds 4 15 Q Feltex 1 7 7 18 0 N.Z 1 14 9 Kaiapoi .. 17 9 Korma, ord. 0 18 6 Pref. 0 18 6 Manawatu 3 15 0 Oamaru 2 5 0 Lane, Walker 13 0 14 0 Timaru 19 5 19 9 Miscellaneous— . Amal. Batteries .. 1 7 0 Ampol, c.d. 15 9 17 6 Aust. C.I. 1 16 6 Aulsebrooks, pref. 13 0 Avon Metal 0 7 6 Beath and Co. 2 12 6 Berlei, N.Z. 1 16 0 Booth, Macdonald 0 6 0 0 6 3 Brit. Tobacco, c.u. 1 6 6 17 0 Broken Hill Pty. .. I 16 0 Bycrofts .. 2 6 0 Canty. Roller Flour 0 16 0 Claude Neon, N.Z. 2 11 0 2 12 0 Colonial Sugar 35 5 0 35 10 0 Consolid. Brick 0 11 6 0 12 0 Dorn. Builders 0 12 0 Caro’s 1 4 0 D.I.C.. 10s paid 1 5 6 __ Pref. 1 4 0 — Dunlop Rubber 16 0 Dunlop, N.Z. 10 0 —

Pref. £ s. d. 0 17 0 £ S. 0 18 Electro. Zinc, ord. 1 5 6 —■ Pref. 1 4 3 — Evans Atlas 0 16 9 Fletchers 2 1 0 — “B” pref. 1 1 6 1 1 Clyde Engineering i 1 6 •— Coles, rights 0 10 3 — G. J. Coles 0 15 1 0 15 Greater Crystal .. 1 0 3 MHenry Berry 1 2 6 1 3 Hay’s —— 3 8 Humes 2 4 0 — J. Gadsden 1 9 0 1 11 J. J. Niven 3 3 0 — K.D.V. Boxes 0 11 4 0 11 K.P. Drugs 5 16 6 — Milne and Choyce 2 12 0 —— Macky Logan 1 16 6 — Maling, pref. Mason, Struthers, 1 0 6 £1 paid 1 15 0 10s paid 0 17 6 — McCaskey, pref. .. 0 17 9 — Metters (N.Z.) Midland Motors, 0 5 0 0 12 pref. —V 1 o Milburn Lime 1 8 3 M.K Manufac. Morris Hedstrom, 0 12 6 0 13 c.d. 2 2 0 — Nat. Electric 6 7 6 — N.Z.F. Fertiliser .. 1 16 0 N.Z. Forest Prod. 0 15 1 0 15 Pref 0 18 6 0 18 N. Roller Mills .. 2 1 0 — Norvic Shoes 0 14 9 •— Otago Daily- Times 2 4 0 Petrous Tile 1 4 0 Quill Morris 1 3 0 Reid Rubber 0 18 3 Pref. 0 19 6 Sharland 2 10 0 Silknit — 0 n Skellerup, oref. 1 1 0 Turnbull and Jones Pref. Weeks, pref. 1 1 0 • M Whakatane, ord. .. 0 18 9 Pref. 1 0 6 Whit, and Tombs.. 1 8 0 — Wm. Cable 1 9 0 — Wmson. Jeffery 1 7 0 Wilsons Cement .. 0 15 8 W’worths. ord. 0 17 11 (N.Z.), ord. 1 2 9 ■T (N.Z.), pref. 1 15 6 1 — (N.Z.), Prop. pf. W R. Cooke and 1 3 0 Son 0 10 0 Watties Australian Mining— 1 12 0 Mount Lyell 0 14 3 Mount Morgan Mining— 0 19 6 Grey River 0 2 6 Ngahere .. .. —— Snowy River 0 2 3 UNLISTED STOCKS Airwork Pref. Andrews and Beaven, ord. Beaths • is paid. 19s 1 o 0 0 1 2 deposit) 1 17 0 Bunting** 1 7 0 Canty. Seed 1 8 0 Christchurch Press Cory-Wright and 11 12 6 Salmon, pref. — Europa O i iN.Z », pref 1 13 Empire Rubber, rts. 1 12 6 National Tobacco N ” Ho . *■ 0 14 5 x.d. 2 0 6 Tingey. R and E. 0 14 6 Feece. Ltd., E-. ord. 0 9 6 Prudential Rldg. .. — Southland Biews. —