COMMERCIAL

Press, Volume XC, Issue 27376, 15 June 1954, Page 13

COMMERCIAL

STOCK EXCHANGES LITTLE CHANGE IN MARKETS Markets were fairly active on the Christchurch Stock Exchange yesterday, but were flat in parts. Business was well spread, ’and prices were stable. Price rises easily outnumbered falls. Frozen meat, gas, and loan and agencies presented the strongest fronts. Banks were lightly traded on a steady market, although there were signs of a halt being called in the recent succession of rises recorded by Commercial Bank of Australia issues. Sellers were again in fairly full force, but were outnumbered by buyers.

Ballins Breweries continued to be active, four parcels being sold unchanged at 26s 6d, with more on offer at the same price at the close. New Zealands were fractionally lower at 45s 9d when traded on an ex dividend basis, and there was good buying support at the close at 45s 6d, with sellers 9d away. A feature of the day was the rise of 5s in Canterbury Frozen Meat preferences, which climbed further to business at £7 2s 6d. The market for Christchurch Gas ordinaries improved to buying offers of 17s on a market bare of sellers. Insurances were quiet, with New Zealands still wide at £6 5s and £6 10s respectively.

Woollens were firm for most Issues, with a slackening in demand for Feltex (Australia) and Kormas. There was good buying support for Kaiapoi ordinaries at 28s and the preferences at 27s 6d, but sellers were reticent.

Coles rights were fractionally better in sales at 10s 3d, with more on offer at the same figure, but buyers dropped their bids to 10s. Quotations for the company’s shares were steady at 15s and 15s 2d respectively. Woolworths, Ltd., met a weaker market in sales at 17s 8d and 17s 9d, buyers remaining in at the lower figure. Whakatane fully-paids continued to firm,* the ordinaries being sought at 20s and the preferences at 20s 9d, but there were no sellers.

Sales.—Late Friday: 100 National Insurance. 28s; 100 Farm Fertiliser, 38s; 300 Speedway, pref., 20s 8d; 400 Wilson’s Cement. 15s 8d; 300 Newton King, 16s 3d; 350 United Building, Auckland. 32s 6d; 100 Wright, Stephenson, 355; 200 Feltex, N.Z., pref., 225; 400 Arnpol. 28s; 250 Alex Harvey, 625; 100 Burns, Philp, 44s 9d; 200 Bycroft, 495; 100 Dunlop, N.Z., 20s 6d: 100 Farmers’ Trading. “C” pref., new, 21s 6d; 300 Fletchers, ex div., 41s 3d; 100 Humes, 445; 100 J. Fielding, 60s 3d; 296 McKenzies, 18s 9d; 100 Milne and Choyce, 54s 6d; 1500 Forest Products. 14s lid; 200 Reid Rubber, pref., 19s 6d; 200 Speedway, pref., 20s 8d; 400 Tip Top, 21s 3d; 100 Wilson’s Cement, 15s 8d and, 3000, 15s 7d. Yesterday: £5OO 15/5/62. 3% per cent., £97 17s 6d; 100 New Zealand Breweries, 45s 9d; 300 Carlton Breweries, 275; 900 Auckland Gas (5s paid), 2s Id. WELLINGTON Sales.—Late Friday: £20,000 3 per cent., 53-56, £9B 12s 6d; 200 Tui Brewery, 255; 487 Kauri Timber, ex, 23s 3d; 200 Ampol Petroleum, ex. 28s. Yesterday: £22.000 3 per cent., 53-56. £9B 12s 6d; £2OO 3 per cent., 60-62. £92 17s 6d; and £795 3 per cent. (2 sales). £92 10s; 410 Bank A.N.Z.. 38s 9d; 30 National Bank N.Z. (odd), ex div., 88s; 200 N.Z. Breweries, ex div., 45s 91; 1000 Matheson Minster, ord., 10s 3d; 100 Alex Harvey,* cum div., 625; 300 British Tobacco, ex div., 27s 3d; 300 N.Z. Forest Products, 14s lid: 300 Whakatane Board Mills (3 sales), 20s; 300 Wilson's Cement. 15s 7d: 100 William Cable Holdings, 30s; 300 Woolworths. Ltd., 17s 6d, and 100, 17s 9d; 100 Woolworths Properties. 18s. DUNEDIN Sales.—Late Friday: £20,000 3 per cent. Stock. 15/1/53-56, £9B 12s 6d; 12 Commercial Bank of Sydney, rights, £5 16s 6d; 200 Williamson, Jeffrey, 28s: 200 Wright, Stephenson, pref., 245; 350 Woolworths, N.Z.. 22s 9d. Reported.—Yesterday: £15,000 3 percent. Stock. 1953-56. £9B 12s 6d; 100 N.Z. Paper Mills, 365; 350 British Tobacco, 27s 3d; 400 Tip Top Ice Cream, 21s 4d. INVERCARGILL Sales Reported.—2oo Williamson, Jeffery, 28s; £22,000 2 per cent. Govt. Stock, 53-56, December. £9B 12s 6d; 300 Commercial Bank, 17s Id. OVERSEAS EXCHANGES LONDON Consolidated Zinc. 33s 3d; New Broken Hill, 26s 9d; New Guinea Gold, Is 5Jd.

DOMINION TRANSACTIONS CHRISTCHURCH Sales on ’Change. , Listed £ s. d. Var’n. 400 Ballins Breweries, ord. (2 sales) i g 6 N.C. 20 Canty. Meat, pref. 7 2 6 +5/200 G. J. Coles, rights 0 10 3 +ld 100 N.Z. Newspapers .. 1 11 3 200 woolworths, Ltd. .. 0 17 9 —Id 200 Woolworths, Ltd. .. 0 17 8 —2d £500 N.Z. Govt. 3 per cent. Stock, Dec., 1953-56 98 15 0 — Sales Reported, Listed 150 A.N.Z. Bank “B" .. 2 0 3 4-3d 750 A.N.Z. Bank ' 1 18 6 N.C. 400 Ballins Breweries, ord. (2 sales) 1 6 6 N.C. 200 N.Z. Breweries, x.d. 2 5 9 —Id 50 Beath and Co. 2 14 0 +1/100 Wm. Cable Holdings 1 10 0 +1/3 120 G. J. Coles, rights 0 10 3 +ld 200 Woolworths, Ltd. .. 0 17 9 —Id

CHRISTCHURCH QUOTATIONS Buyers., ’ Sellers. £ s. i. £ s. d. N.Z. Government— 3 p.c., 15/12/53-56 .. __ 99 0 0 3 p.c., 15/2/55-58 .. __ 97 17 6 3 p.C., 15/11/57-60 .. m_ 95 10 0 3 p.c., 15/8/59-61 .. __ 96 10 0 3 p.c., 15/4/60-62 .. , 93 0 0 3 p.c., 15/4/60-63 .. 92 17 6 3 p.c., 15/7/62-64 .. 92 0 0 MM 3 p.c., 15/5/64-66 .. 91 2 6 3j p.c., 15/9/57-60 .. —— 96 5 0 33 p.c., 15/5/62 .. 97 15 0 MM Dunedin City 4 p.c. Debs.. 8/10/59 .. — 100 10 0 Banks— A.N.Z. “B” .. 2 0 0 MM Adelaide, rights .« 0 7 0 Adelaide ..' ±. 1 9 0 1 4 10 Aust, and N.Z. .. 1 18 3 Comm, of Aust. .. 0 16 11 0 17 J Pref. .. .. 6 18 6 Comm, of Sydney 16 10 0 17 ~0 0 E., S., and A. .. 5 13 0 MM Natl, of A’asia, £1 MM 1 10 6 12s 6d .. —M 1 0 0 National of N.Z. .. 4 10 0 N.S.W. .. ..33 10 0 34 ~0 0 Breweries— Ballins, ord. .. 1 6 3 1 6 6 Dominion, c.d. .. —— 4 11 0 New Zealand .. 2 5 8 2 6 3 Westland .. .. 1 16 6 Frozen MeatCanterbury .. 21 5 0 MM Pref. .. .. 7 0 0 ■■ Gear .. .. 1 0 North Canty., pref. 1 2 0 — GasAuckland .. 0 4 9 M— Christchurch .. 0 17 0 MM 10s paid .. 0 6 9 MM Timaru .. .. 1 4 6 1 7 6 InsuranceNational .. ., 1 7 6 New Zealand .. 6 5 0 6 10 0 South British MM 3 4 6 Loan and Agency— C.F.C.A., ord. .. 1 8 0 Mm Pref. .. ..3 0 0 MM Chch. Building .. 15 10 0 — Dalgety "A” ■ ■■ ■ 0 11 6 “B” .. .. 0 11 4 Golds., Mort, c.d. .. 1 13 0 MM. Mutual Benefit .. 1 9 0 MM Natl. Mort. “A,” c.d. —— 0 10 9 N.Z.F, Co-op. .. 0 13 9 MM 1st pref. .. 0 14 6 MM “A” pref. .. 0 13 6 0 14 3 **B” pref. .. 0 13 6 0 14 3 4J p.c. Stock, ’60 97 2 6 MM 41 p.c. Stock, ’55 100 0 0 N.Z. Guarantee .. 0 2 £ - Perm. Invest. .. 11 12 6 S.I. Finance .. 1 10 0 MM United Building .. —— 1 0 0 Wright, Stephenson 1 13 0 Pref. .. .. 1 3 4 Contr. .. .. 0 18 0 ShippingUnion. pref. •• 1 8 MM Woollens— Feltex .. ., 1 7 9 Feltex. N.Z. .. 1 IT 9 Kaiapoi .. .. 1 8 0 M— Pref. .. .. 1 7 6 1 Korma, ord. .. 0 18 3 Manawatu .. 3 15 0 Mosgiel .. .. 2 19 0 MM Oamaru .. .. 2 5 0 Lane, Walker, pf. MM 1 3 6 Timaru .. .. 1 9 8 1 11 0 MiscellaneousAlloy Steel, N.Z. .. M— 2 11 6 Amalg. Batt. .. 1 7 3 Ampol .. .. 1 MM Aust. C.I. .. 1 16 6 MM Aulsebrooks, pref. 1 3 0 Avon Metal .. 0 7 6 MM Beath and Co. .. 2 13 0 2 14 6 Is paid .. .. 0 17 9 1 0 0 Berlei, N.Z. .. 1 16 0 Booth, Macdonald 0 5 9 0 ~6 3 Caro’s .. 1 4 0 Broken Hill Pty. .. 1 15 9 1 16 3 Claude Neon, N.Z. 2 12 6 Colonial Sugar .. 35 0 0 35 10 0 Dom. Builders .. 0 12 0 MM Dom. Fertiliser .. 1 19 6 MM Clyde Eng. / 1 1 0 MM Donaghy’s Rope .. 2 2 0 MM D.I.C., 10s paid .. 1 6 1 Pref. ..... 1 4 0 MM Dunlop, N.Z. 1 0 6 Pref. MM 0 18 0 Electro. Zinc, ord. 1 7 6 MM Pref. .. .. 1 6 0 MM Evans Atlas .. 0 16 9 — Fletchers, x.d. .. 2 0 9 2 1 6 “B” pref. .. 1 i 0 1 1 6 G. J. Coles, rights 0 10 0 0 10 3 G. J. ColesL .. 0 Greater Crystal .. 1 15 0 0 3 0 15 2 Hay’s .. •• — 3 *8 0

» Buyers. £ s. d. Sellers. £ s. d. Henry Berry 12 6 Humes (N.Z.), pi. 13 0 I.C.I. A. N.Z. 17 9 19 6 J. Gadsden 19 0 •J. J. Niven 3 3 0 K.D.V. Boxes 0 11 3 K.P. Drugs 5 17 6 — Mason, Struthers, £1 paid 1 15 0 McCaskey, pref, .. 0 17 9 —— Midland Mot., pref. — 10 6 Milburn Lime 18 3 M.K. Mfrs. 0 12 6 0 13 6 Morris Hedstrom .. 2 10 Nat. Electric 6 7 6 —— N.Z.F. Fertiliser .. 1 16 0 Pref. 14 6 N.Z. Forest Prod. .— 0 15 0 Pref. 0 18 7 N.Z. Indust. Gas, pref. 10 3 N.Z. Newspapers .. 1 11 3 1 12 6 N. Roller Mills .. 1 19 0 Otago Daily Times 2 4 0 — Petrous Tile 14 0 15 6 Quill Morris 13 0 Reid Rubber 0 18 3 Pref. 0 19 3 Sharland .. 2 10 0 _— Ross and Glen. — 2 16 0 Skellerup, pref. 110 Speedway Products 14 0 — Weeks 1 11 0 1 15 0 Pref. 13 0 Whakatane, ord. .. 10 0 Pref. 1 0 9 to. Whit, and Tombs 18 0 — Wm. Cable 1 10 0 1 11 0 Will. Jeffery 17 0 Wilson’s Cement, x.d. 0 15 4 W’worths, ord. 0 17 8 0 17 9 N.Z., ord., c.d. .. 12 3 13 0 N.Z., pref. 1 15 6 N.Z., Pp., pref. .. 13 0 W. R. Cooke and Son 0 10 0 Wattles 1 13 0 1 16 0 Aust. Mining— Mount Morgan — ■ 10 0 Mining— Grey River 0 2 6 0 3 3 Ngahere •• •• — 0 13