COMMERCIAL

Press, Volume XC, Issue 27374, 12 June 1954, Page 8

COMMERCIAL

STOCK EXCHANGES MARKETS REMAIN STABLE A normal day’s trading, firm on late rates, characterised yesterday’s operations on the Christchurch Stock Exchange. Conditions remained buoyant. DOMINION TRANSACTIONS CHRISTCHURCH

AUCKLAND Sales.—Late Thursday: 200 Kaiapoi Wool. 28s 9d; 150 Milne and Choyce, 54s 6d; 410 William Cable, 29s 6d; 600 Woolworths, N.Z., 22s 9d. Yesterday: £lOOO 3 per cent., 15/4/60-69, £92 10s; £4140 3 per cent., 15/7/63-65, £92 15s; £lOOO 31 per cent., 15/1/53-57, £99 15s; 600 Commercial Bank of Aust. (new). 16s lOd; 5 Bank of N.S.W.. £33 ss; 450 Auckland Gas (10s paid), ss; 250 South British Insurance, 645; 100 Newton King, 16s 3d; 100 Huddart Parker, 435; 1000 Korma, 17s 3d, and 200 pref.. 18s 6d; 800 A.C.1., 36s 6d; 300 Alex. Harvey, 625; 730 Broken Hill Proprietary, 365; 100 Burns, Philp, 4-U 6d; 160 Bycroft, 48s 6d; 100 Claude Noon, 535; 15 Colonial Sugar, £35 10s; 200 Cojes, 15s, and 325 rights, 10s 2d; 200 Hardie Bros., 455; 100 Farmers' Fertiliser. 38s; 500 Forest Products, 14s lid, and 100 pref., 18s 9d; 200 N.Z. Newspapers. 31s; 150 Ross and Glendining, 55s 3d; 400 William Cable. 30s; 200 Wilson’s Cement, 15s 7d; 100 Woolworths, N.Z.. 22s 9d. Unlisted: 100 Auckland Farmers’ Freezing, 24s 3d; 150 Heilaby's, 47s 3d. DUNEDIN Sales.—Late Thursday: £1555 N.Z. Govt. 4 per cent., 15/6/52-55. £lOl 12s 6d; 600 Woolworths, N.Z., 22s 9d. Yesterday: £5OO N.Z. Govt. 3 per cent., 15/12/53-56, £9B 12s 6d; 50 Southland Frozen Meat. 89s; 25 Waitaki Farmers. £l2; 200 Electro. Zinc, ord., 27s 9d; 100 Fletcher Holdings, ord.. 425, 100 at 42s 3d, 200 ( 2 sales) at 42s 4d, and 100 at 42s sd; 100 Hallenstein Bros., 345; 100 Humes, Ltd.. 445; 175 Milburn Lime, 295; 200 N.Z. Paper Mills (2 sales), 365; 200 Woolworths, Ltd., 17s lOd. WELLINGTON Sales.—£looo 3 per cent. Stock. 1960-63, £92 10s; £4OO 3 per cent., 1964-66, £9l ss; 100 Claude Neon, N.Z., 535; 200 Fletcher Holdings (2 sales), 425; 200 G. J. Coles, ex rights, 15s; 300 N.Z. Forest Products (2 sales), 15s; 200 N.Z. Newspapers, 31s; 500 Whakatane Board, 20s; 200 Wilson’s Cement, 15s 6d; 100 William Cable Holdings, 30s. OVERSEAS EXCHANGES SYDNEY Share prices remained fairly steady in expanded trading on the Stock Exchange yesterday. Most oil shares eased. Sales.—A. and N.Z. Bank, 465; Commercial Bank of Australia. 20s. 1-Jd; A.C.1., 44s 6d; Colonial Sugar, £4l 12s 6d; Goldsbrough, 41s 3d; Taubtnans. 17s 10|d; Woolworths, 21s 3d; New_Zealand Insurance, £7 17s 2d; Burns, Philp, 545; Courtaulds, 20s 9d; David Jones, 545; Dunlop, 31s 6d; Feltex. 32s 4Jd; Coles. 18s 3d; Broken Hill Proprietary, 43s 3d; South Broken Hill, 61s; Ampol Petroleum, 345; Oil Search, 23s 3d. MELBOURNE Sales covered a wide range of stocks in the investment section on the stock exchange yesterday, but prices moved narrowly. Sales.—A. and N.Z. Bank, 46s 3d; Commercial Bank of Australia,. 19s 3d; Golds-* brough, 41s 6d; Huddart Parker, 51s; Drug Houses, 31s; Dunlop, 31s 9d; Coles, 18s; Feltex, 325; Gordon and Gotch, 335; Henry Berry, 13s 6d; Herald, 16s 3d; Huqies, 535; 1.C.1., pref., 19s 9d; Woolworths, 21s 6d; Broken Hill Propiretary, 435; Broken Hill South. 60s 9d; Mount Lyell, 17s; Emperor, 17s; OU Search. 235; Ampol Petroleum, 33s 3d; Ampol Exploration, 80s.

LONDON Consolidated Zinc. 33s 3d; New Broken Hill,'26s lOJd; Mount Morgan, 17s 6d.

Sales on , Change 1 , Listed £ s. I d. Var’n. 100 Coles, rights 0 10 3 N.C. 500 Commercial Bank of Aust., 2 sales 0 17 4-40 125 Union Steam, pref. 1 5 6 N.C. 100 Broken Hill Pty. 1 16 0 N.C. 200 Fletcher Holdings 2 2 0 N.C. 150 Ck J. Coles, rts., 2 Sales Reported, 0 10 Listed 2 —Id £500 N.Z. Govt., 3 p.c. Stock, 55-58 97 17 6 — £700 N.Z. Govt., 4 p.c. Stock, 52-55 101 12 6 — 75 A.N.Z. Bank, x.d. .. 1 18 6 —3d 100 Comm. Bank of Aust., new 0 16 9 4-10d 200 Christchurch Gas .. 0 17 0 4-3d 200 Feltex, late sale Thursday 1 7 9 N.C. 200 Aust. Consolidated Industries 1 16 6 N.C. 100 Dunlop, N.Z. 1 0 4 200 Electro. Zinc, ord. 1 7 9 4-1/6 600 Fletcher Holdings, 2 sales 2 2 0 N.C. 283 Mason, Struthers, 10s paid 0 18 0 4-3d 800 Woolworths, Ltd. .. 0 17 10 —Id

CHRISTCHURCH QUOTATIONS Buyers Sellers £ s. d. £ s. d N.Z. Govt.— 3 p.c., 15/5/53-56 .. — 98 0 0 3 p.c., 15/12/53-56 .. — 99 O' 0 3 p.c., 15/2/55-58 .. 97 10 0 97 15 0 3 p.c., 15/4/56-59 .. 96 10 0 96 12 6 3 p.c., 15/8/59-61 .. — 94 10 0 3 p.c., 15/4/60-62 .. — 93 0 0 3 p.c., 15/4/60-63 .. — 92 15 0 3 p.c., 15/7/62-64 .. 92 7 6 93 5 0 3 p.c., 15/5/64-66 .. 91 2 6 31 p.c., 15/9/57-60 .. — 96 5 0 33 p.c., 15/5/62 .. 97 15 0 4 p.c., 15/6/52-55 .. 101 7 6 MM Banks— C.B.A., new .. o 16 9 0 17 2 Adelaide, rights .. 0 7 0 0 7 3 Aust, and N.Z., x.d. 1 18 0 1 19 0 Comm, of Aust. .. 0 17 0 0 17 3 Pref. .. .. 6 17 6 Comm, of Sydney, rights .. 16 10 0 17 0 0 E.. S., and A. .. 5 12 6 Nat. of A’asia. £1 — 1 11 0 12s 6d .. .. — 0 19 9 National of N.Z. .. 4 8 0 N.S.W 33 10 0 34 0 0 Breweries— Barlins, ord. .. 16 3 1 6 6 New* Zealand, x.d. 2 5 0 2 6 0 Westland .. 1 16 6 Frozen MeatCanterbury .. 21 7 6 __ Pref. .. .. 7 0 0 ■ Gear .. .. 17 0 —— N.Z. Refrig. .. 2 5 0 10s .. ..11 6 M— Nth. Cant., pref. .. 12 0 Southland .. 4 6 0 — Auckland ..0 4 9 Christchurch .. 0 16 10 0 17 6 10s paid .. 0 6 9 Timaru .. 1 4 0 7 7 0 InsuranceNational 17 6 New Zealand .. 6 5 0 6 10 0 South British .. — 3 4 6 Standard .. — 5 2 0 Loan and Agency— C.F.C.A., ord. .. 18 0 mm Pref. .. .. 3 0 0 — Chch. Building .. 15 10 0 Dalgety, “A” .. 0 11 3 0 11 8 “B” .. 0 11 4 MM Mutual Benefit .. 19 0 Nat. Mortgage “A,” c.d. .. .. 0 10 N.Z.F. Co-op. .. 0 13 9 1st pref. 0 14 6 "A” pref. .. 0 13 6 0 14 6 “B” pref. .. 0 13 6 0 14 3 41/2 P.c. Stk., ’60 97 2 6 — 44 p.c. Stock. ’55 100 0 0 __ N.Z. Guarantee .. 0 2 4 __ Perm. Invest. .. 11 12 6 S.I. Finance .. 1 10 0 United Bldg. .. — 1 0 0 Wright, Stephenson 1 13 0 mm Pref. .. .. 13 M— Con. .. .. 0 18 0 ■ , Shipping— Huddart Parker .. 2 2 0 2 3 6 P. and O. .. 1 18 6 Union, pref. .. 15 6 Timber— • Kauri, x.d. 13 0 Woollens— Bonds .. .. 4 15 0 Feltex .. .. — 1 8 0 Kaiapoi .. .. 18 3 Manawatu .. 3 15 0 mm Mosgiel .. .. 2 19 0 — Oamaru .. .. 2 5 0 — Lane. Walker, pref. 1 3 0 1 3 6 Timaru .. .. 19 1 10 6 Miscellaneous— Amal. Batt. .. 17 3 1 9 0 Ampol. x.d. .. 17 6 — Aust. C.I. .. 1 16 6 1 17 0 Aulsebrooks, pref. 1 3 0 ___ Alex. Harvey .. 3 0 6 — Beath and Co. .» 2 12 6 2 15 0 Is paid .. .. 0 18 0 1 0 0 Berlei (N.Z.) .. 1 16 0 — Booth, Macdonald — 0 6 3 British Tobacco .. 16 6 — Caro’s .. .. 14 0 —— Broken Hill Pty. .. 1 15 9 1 16 3 Canty. Roller Flour 0 16 10 __ Claude Neon. N.Z. 2 12 0 Colonia! Sugar .. — 35 10 0 Consolidated Brick — 0 12 0 Courtaulds .. 0 17 0 — Dom. Builders .. 0 12 0 mm Clyde Engineering 1 1 6 — D.I.C.. 10s paid .. 16 0 m_ Pref. .. 14 0 — Dunlop Rubber .. 16 0 — Dunlop, N.Z. .. — 1 1 0 Pref. .. .. — 0 18 0 Electro. Zinc, ord. 1 7 9 *_ Pref. .. .. 16 0 mm Evans Atlas .. 0 16 9 MM Farmers .. 2 1 6 MM Fletchers, c.d. .. 2 2 1 2 2 2 "B” pref., c.d. .. — 1 2 0 Coles, rights .. 0 10 2 0 10 3 G. J. Coles .. 0 15 0 0 15 2 Greater Crystal ... 10 3 Hallensteins .. 1 12 6 — Henry Berry .. T 2 6 1 3 3 Hay’s .. .. — 3 8 0 Humes .. .. 2 3 0 MM I.CJ. A., N.Z. .. if 6 MMM J. Gadsden .. 19 0 1 H 0 J. J. Niven .. 3 3 0 MM K.D.V. Boxes 0 11 3

Buyers. £ s. d. Sellers £ s. d K.P. Drugs 5 17 6 —— Maling. pref. 1 0’ 6 — Mas. Struthers, £1 1 15 0 — 10s paid 0 17 7 •— McCaskey, pref. .. 0 17 9 — McKenzies 0 13 0 —T— McLeod 2 6 0 ——" Midland Motors, pref. Milburn Lime 18 0 10 3 M.K. Mfrs. 0 12 6 0 13 6 Morris Hedstrom. .. 2 2 3 Nat. Electric 6 10 0 —r N.ZT. Fertiliser .. 1 16 6 — Pref 14 0 —— N.Z. Forest Prod. Pref. 0 18 8 0 15 0 N.Z. Indust., pref. 10 0 — N.Z. Newspapers .. 1 10 6 1 12 6 Otago Daily Times 2 4 0 Petrous Tile 14 0 — Quill, Morris 13 0 —— Reid Rubber 0 18 7 Pref. 0 19 6 — Ross and Glen. 2 14 0 — Silknit 0 7 6 0 12 0 Skelleruo. pref. 1 1 0 — Turnbull and Jones 1 16 0 — Pref. 110 —— Weeks 1 11 0 1 15 0 Pref. Whakatane, ord. .. 0 19 6 13 0 Pref. 10 3 —— Whit, and Tombs 18 0 w— Wm. Cable 1 10 0 1 11 0 Winson., Jeffery .. 17 6 — Wilson’s Cement, X.d. 0 15 4 W’worths, ord. 0 17 9 0 17 10 2nd pref. 10 6 —— (N.Z.), ord., c.d. 12 3 13 0 (N.Z.). pref. 1 15 6 — Pp.. pref. 13 0 W. R. Cooke -and Son 0 10 0 Watties 1 12 9 —- Overseas Listings— W’worths, South Africa 0 12 0 Aust. Mining— Mount Lyell 0 14 0 Mount Morgan Mining— Grey River 0 2 7 10 0 0 3 0 Ngahere Snowy River 0 2 3 0 13 0 3 9 UNLISTED STOCKS Buyers. Sellers. £ s. d. £ s. d. Airwork, N.Z. 116 Colonial Motors 1 12 0 Deaths (Is paid, 19s deposit) 1 17 6 1 19 3 Buntings 17 0 1 10 0 Canty. Seed 18 3 19 0 Christchurch Press 11 13 6 ■ i ■ Corv-Wright. and Salmon, pref. 119 Matea Forests 0 2 6 National Tobacco .. 0 14 3 N.Z. Motor Bodies 2 10 2 5 0 Reece Ltd., E., ord. 0 13 Pref. 0 9 6 — Prudential Build. .. __ 10 6 Southland Brew. Victoria Mansions 16 0 14 0