COMMERCIAL

Press, Volume XC, Issue 27377, 16 June 1954, Page 13

COMMERCIAL

Stock exchanges markets active were active in reported business at the Christchurch Stock Exchange yesterday, and, excepting chain stores and wew Zealand Forest Products—issues *? re normall y subject to frequent Prices of shares traded were J 1 ■ “Tmer, with one or two substan-, tial rises. in£ ov^rnment stocks did not have a very large inquiry but the few sales effected encies Ot dlsclose an y weakening tend- < E;* S *’i an £ A. Banks, which are not traded locally, jumped fairly sharply to business and buyers at £5 12?* National of New Zealand sold at «7JL + S l ead y £ rice of 88s 6d, with more An^ d i at 88s .— no sellers. National of fcc«tl rala t I - a, » p , aids and Contributings, two wh ich have not shared in the gen”"a* popularity of banking issues during sellers weeks ’ again had unsupported recent Improved quotaJ*®n s a nd sales m other centres. New Zealhs?«i,?? fn i® er . ating ’ contributings, rose oo buai P«ss at 22s 6d, with buyers offering 22s at the close on a market bare ®®l lers. The company’s paids were buyers at 44s 6d and huvlncr 1 46s Southlands had stronger buying support at 87s. 97 e ? onl Z. seller in the gas section asked 24s f Timarus, with buyers wide at ea l^. nd Insurance weakened to at £s 8s 6d> but buyers made no £6 5 A- and South British again had unsupported sellers at 64s 6d. and a Bency stocks, the demand for *u’ as unabated, had even fewer than usu al - There was improved r^PP® 1 ! f°r Wright, Stephenson Ant - The n ? hts Nz - Loan and Mernew lssue (New Zealand regiswlio r ere Wted for the first time, but were very wide at 2s and 5s respectively. seHe d r? n at e fo er rights had unsu PP° rt e d

New Zealand Forest Products, ordinaries, dropped sharply to sales and sellers anJ’L.U''- preferences had fractionally better otters at 18s Bd. _.P° les . "g ht ?, conceded another 2d in V 10 t and at the close buyers were in at 10s, with sellers 3d away. ~^2rS„ W , a i., no buying support for Woolworths. Ltd., which were on offer on an ex rights basis at 15s 3d. The tights £or he flrst t,me sellers offer? o£9s 2< lod nd buyers countering with

AUCKLAND ' Sa, es.—Late Monday: 140 A. and N.Z. ? ana ’ 961 100 South British Insurance, Ms; 200 Australian Iron and Steel, pref., Zos 6d: 100 Farmers’ Trading “C” pref., new, 21s 6d. Yesterday: £4500 3 per cent, ex lnt„ 15/12/53-56. £97 2s 6d; £5OO 3 per cent., 15/4/56-50. £O6 12s 6d; £520 3 per cent., 15/11/57-60. £94 12s 6d: £l5OO 33 per cent., 15/5/62, £97 17s 6d; 500 A. and N.Z. Bank. 38s 6d: 2000 Com-

mercial Bank of Australia. 17s, and 600 new. 16s lOd; 76 National Bank of N.Z., SSs 3d; 9 Bank of N.S.W., £33 10s; 200 N.Z. Breweries. 45s 9d; 600 South British Insurance. 645; 616 Loan and Mercantile, rights, is 9d; 150 United Building (Auck--22s 6d: 200 National Timber, 18s; 1000 Parker Lamb, 6s; 600 Korma, 17s 3d, and 100 pref., IBs 6d; 200 A.C.1., 36s 6d; 100 Consolidated Brick, Us 9d; 160 Farmers’ Trading, 42s 3d, and 241 “B” pref.. 24s 6d; 100 Coles, 15s, and| 340 rights, 10s; 1100 Forest Products, 14s lid; 100 Tapper Ind., pref., 20s; 1000 Toppa, 5s 7Jd; 200 Wilson’s Cement, 15s 7d, and 1000 at 13s 8d; 180 Wool worths N.Z. Props., pref., 235; 300 Woolworths, Ltd., rights, 10s. Unlisted: 150 Hellabys, 47s 6d, and 200 1954 o per cent, pref., 23s 3d; 150 Motor Specialities, 41s. WELLINGTON Sales.—Late Monday: £l5OO 3 per cent., December, 1953-56, £9B 12s 6d; 200 British Tobacco, ex div., 27s 3d; 700 N.Z. Forest Products, 14s lid; 100 Woolworths, N.Z., cum div. 22s 6d. Yesterday: £l6BO 3 per cent., 1955-58 (2 sales), £97 12s-6d; £970 3 per cent., 1957-60 (2 sales), £94 12s 6d; £2OOO 3 per cent., 1960-62, £93; 6270 3 per cent. 1960-63, £92 10s; £2850 3 per cent., 1962-64 (2 sales). £92 10s; 200 Commercial Bank of Australia, new, 16s lOd, and 100 at 17s; 100 Ballins Breweries, cum div., 26s 9d; 200 N.Z. Breweries, ex dix., 45s 9d, and 50 at 465; 25 N.Z. Insurance, £6 7s; 800 South British Insurance (2 sales), 645; 400 Wright, Stephenson, 5s paid, (2 sales). 18s 3d; 500 Clyde Engineering, 22s 3d; 100 Dunlop, Aust., 26s 6d; 270 Farmers’ Trading, ex div., 42s 3d; 660 G. J. Coles, rights (6 sales), 10s 2d; 200 Henry Berry, 235; 500 Humes, N.Z., pref., 235; 1300 N.Z. Forest Products (3 sales), 14s lid; 1500 Wilson’s Cement, ex div., 15s 8d; 270 Woolworths Properties (2 sales), cum div., 18s. DUNEDIN Sales.—£224o N.Z. Govt 3 per cent. Stock, 15/4/60-83, £92 10s; £l5OO 3 per cent., 15/4/60-63, £92 10s; £5OOO 32 per cent., 15/5/62, £97 17s 6d. Sales Reported.—4oo Woolworths, Ltd. (late), 17s 9d; 100 N.Z. Refrigerating, con., 2s 6d; 200 National Insurance, 28s; 100 Wright, Stephenson, ord. (late), 355; 500 Clyde Engineering, 22s 3d; 65 Farmers’ Trading 42s 6d; 350 Whakatane Board (late) (2 sales), 20s; £9lOO 31 per cent., 15/5/82, £97 17s 6d. OVERSEAS EXCHANGES SYDNEY The irregularity of investment leaders set the course for the market generally at the Sydney Stock Exchange yesterday. Sales.—Commercial Bank of Sydney, £2O 15s; Commercial Bank of Australia (new, paid), 19s 6d; Bank of New South Wales, £3B 12s 6d; Tooheyc. 26e 9d; A. Hordern, 24s 6d; A.CJ., 44s 3d; British Tobacco, ex div._ 32s 9d; Broken Hill Proprietary, 43s 3d; Colonial Sugar, £4l 7s 6d; Electro. Zinc, 345; G. J. Coles, ex rights, 18s lid; £C.I., 735; Mort’s Dock, 20s 3d; N.Z. Insurance, £7 17s; Taubmans, 17s 10&d; Woolworths, ex rights, 17s 9d; Ampol Petroleum, ex div., 34s 10id; Consolidated Zinc, ex div., 41s 3d; South Broken Hill, ex div., 60s 9d; Oil Search, 245; Ampol Exploration, 80s; Mount Morgan, 23s 6d. MELBOURNE Trading was quiet in the Investment section of the Melbourne Stock Exchange yesterday, with prices fluctuating narrowly. Sales.—Commercial Bank of Australia, 19s 7d, and 1953 is&ue, 19s lOd; Goldsbrough, 40s; Ampol Petroleum, 34s 9d; A.C.1., 445; British Tbbacco, 32s 6d; Broken Hill Proprietary, 435; Dunlop, 31s 9d; Felt and Textiles, 325; G. J. Coles, 18s, and rights, 12s 6d; Gordon and Gotch, 345; Herald, 16s 3d; Humes, 53s 6d; 1.C.1., 34s 3d; Myer, 12s 9d; Woolworths, rights, 13s; Ampol Exploration, 77s 6dj’ Broken Hill

DOMINION TRANSACTIONS £2000 CHRISTCHURCH Sales Reported: Listed „ £ s. d. N.Z. Govt. 3 per Var’n. cent. Stock, 60-62 93 0 0 £2400 N.Z. Govt. 3 per "cent. Stock, 62-64 92 10 0 30 E., S.. and A. Bank 5 15 0 -4-2/6 150 Nat. Bank of N.Z. 4 8 6 N.C. 100 N.Z. Refrig., cont. 12 6 +2/6 1000 Matheson Minster, ord., late sale Mpn. 0 10 3 200 50 Fletcher Holdings Hays, Ltd. 2 10 3 *1 6 +3d 200 Henry Berry Humes. N.Z., pf. 13 0 500 13 0 +6d 100 N.Z. Forest Prod., ord., late sale, Monday 0 14 11 100 N.Z. Forest Prod., ord., late sale, Monday 0 14 11 —3d 400 415 Ballins Breweries, ord. G. J. Coles, rts. 17 0 0 10 1 +6d —2d 100 Sales Reported. Unlisted • Beaths (Is naid. 19s deposit) 1 19 0 — 490 Sales on ’Change, G. J. Coles, rts. .. Listed 0 10 1 —2d

South, 60s 6d; Consolidated Zinc, 41s; Mount Isa, 53s; Mount Lyell, 17s; New Broken Hill 33s 3d; Emperor, 17s; Oil Search, 24s 7d. LONDON Broken Hill Proprietary, 33s 6d solidated Zinc, 33s 6d. ConCHRISTCHURCH QUOTATIONS Buyers., Sellers. £ s. d. £ s. d. N.Z. Government— 3 p.C., 15/12/53-56 .. — 97 7 6 3 p.C.. 15/8/58-61 .. WM 94 10 0 3 p.C., 15/4/60-62 .. 3 p.C., 15/4/60-63 .. 3 p.C., 15/7/62-64 .. 92 17 6 92 5 0 92 7 6 92 15 0 3 p.C., 15/5/64-66 .. 31 p.C., 15/9/57-60 .. 91 0 0 96 7 6 % p.C., 15/5/62 .. 81 17 8 98 0 0 4 p.C., 15/6/52-55, X.l. MW 100 5 0 Dunedin City 4 p.C. 8/10/67 MM 100 0 0 Banks— A.N.Z. “B” Adelaide, rights .. Adelaide 2 0 0 0 7 0 1 14 0 Aust, and N.Z. .. Comm, of Aust. .. Pref. .. Comm, of Sydney 1 18 0 0 16 11 6 18 6 16 12 6 16 19 0 E., S., and A. Natl, of A’sia, £1 5 15 0 1 n 0 12s 6d .. ——, 0 19 9 National of N.Z. .. N.S.W. 4 8 0 33 10 0 33 17 6 Breweries— Ballins. ord., c.d. .. 16 3 1 7 0 Dominion, c.d. .. MW 11 0 New Zealand .. WM 2 6 0 Westland .. .. 1 16 6 Frozen Meat— Canterbury .. Pref. .. Gear .. N.Z. Refrig. 21 7 6 7 0 0 17 3 2 4 6 2 6 6 10s North Canty., pref. Southland 12 0 12 0 4 7 0 s*.'. Auckland . • Christchurch 10s paid Timaru 0 4 9 0 17 0 0 6 9 14 0 7 0 Wellington National M 0 19 0 £ i e

Buyers. Sellers. £ s. d. £ s. d. Insurance— New Zealand 6 5 0 6 8 g South British 3 4 6 Loan and Agency— C.F.C.A., ord. 18 0 Pref. 3 0 0 Chch. Building .. 15 10 0 —— Dalgety “A“ • — 0 11 6 *'B” 0 11 3 Goldsbrough, Mort. 1 13 6 MM Mutual Benefit 19 0 Natl. Mort. "A,” c.d. 0 10 0 0 10 6 N.Z.F. Co-op. 0 13 9 1st pref. 0 14 8 "A” pref. 0 13 6 —— “B” pref. 0 13 6 wxw . 4J p.c. Stock, ’60 97 2 6 MM 41 p.c. Stock, ’55 100 0 0 MM N.Z. Guarantee .. 0 2 4 ■■ N.Z. L. and Mer., rts., Lon. reg. .. 0 10 0 Rights, N.Z. reg. 0 ~2 0 0 5 0 Perm. Invest. 11 12 6 United Building .. mm 1 0 0 Wright, Stephenson 1 15 0 Pref. 13 6 MM. Contr. 0 18 3 MM Shipping— New Zealand, prefi. 11 0 0 Huddart, Parker + 2 10 Union, pref. u. 15 6 MM Woollens— Bonds 4 15 0 .MM Feltex 17 3 1 7 9 N.Z. X 1 15 0 Kaiapol I 18 3 - Pref. .. 17 6 MM Korma, ord. 0 18 3 Manawatu, c.d. — 317 8 Mosgiel .. 2 19 0 Oamaru 2 5 0 - - Lane, Walker, pf. 13 0 1 3 6 Timaru 19 9 1 10 5 Miscellaneous-— Alloy Steel, N.Z. ... 2 11 6 Amalg. Batt. Ampol ,. Andersons, 1st pf. 17 3 18 0 12 0 — Aust. C.I. 1 16 6 MM Avon Metal 0 7 6 MM Bea th and Co. 2 15 0 Is paid 0 18 0 1 0 0 Berlei, N.Z. 1 16 0 Booth, Macdonald 0 5 9 0 6 3 Brit. Tobacco 16 9 1 7 3 Broken Hill Pty. .. 1 15 9 1 16 2 Caro’s 14 0 Canty. Roller Flour 0 18 9 Claude Neon, N.Z. 2 13 6 MM Dom. Builders 0 12 0 MM Dom, Rubber .. 1 0 0 Dom. Fertiliser •• 1 19 0 Clyde Eng. .. D.I.C., 10s paid ~ 110 M . 16 1 Pref 14 0 MW Dunlop, N.Z. •• 10 2 1 0 6 Pre£ 0 17 3 0 18 0 Electro. Zinc, ord. 17 6 Pref. 16 0 MM Evans Atlas •* 0 16 9 0 17 2 Fletchers »* 2 0 9 2 1 2 "B” pref. .. 110 1 1 6 Frozen Products .. 0 8 0 G. J. Coles, rights 0 10 0 0 10 3 G. J. Coles 0 15 0 MM Greater Crystal .. 10 3 MM Hallensteins 1 12 6 MM Hay's / .. 3 7 0 3 8 0 Henry Berry Humes (N.Z.k pref. 12 9 12 6 1 ~3 1 I.C.I., A., N.Z. 18 0 WM Kelly and Lewis .. 0 19 0 1 2 0 J. Gadsden 19 0 J. J. Niven 3 3 0 MW K.D.V. Boxes 0 11 3 MW K,P. Drugs 5 17 6 WM Maling, pref. 10 6 «m_ Mason, Struthers, £1 paid .. 10s paid X. McCaskey, pref. .. 1 15 0 0 17 6 ■ 0 17 9 — McKenzies 0 18 6 WM McLeod 2 6 0 MM Midland Mot., pref. 1 0 3 Milburn Lime 1 ~8 0 MM M.K. Mfrs. 0 12 6 MM Morris Hedstrom .. 2 2 3 Nat. Electric 6 7 6 WM N.Z.F. Fertiliser .. 116 0 _M Pref 14 6 MM N.Z. Forest Prod. 0 14 10 0 14 11 Pref. 0 18 8 N.Z. Indust. Gas, pref. N.Z. Newspapers .. 10 0 MM 1 11 4 1 12 0 Otago Daily Times Rubber Distrib. .. 2 4 0 0 2 9 MM Reid Rubber 0 18 3 0 19 0 Pref. 0 19 3 0 19 9 Sharland . • 2 10 6 Ross and Glen. •• 2 16 0 Silknit 0 ~7 6 0 12 0 Skellerup. pref. . • Petrous Tile .. 110 14 0 _M Speedway Prods. .. 14 6 WM Weeks .. .. 1 11 0 1 15 0 Pref. *— 1 3 0 Whakatane, ord. .. 10 0 Pref 10 9 Whit, and Tombs 18 0 MM Wm. Cable 1 10 0 1 10 9 Will. Jeffery 17 6 Wilson’s Cement .. 0 15 6 Lm W’worths, ord., x.r. 0 15 3 Rights N.Z., ord., c.d. .. 0 9 10 0 10 2 12 3 1 2 9 N.Z., Pp., pref. .. 13 0 Watties .. 1 13 3 MM Aust. MiningMount Morgan .. Mm 1 0 0 MiningGrey River •. 0 2 6 0 3 3 Ngahere .. — 0 1 3 UNLISTED STOCKS Buyers. Sellers. £ s. d. £ s. d. Airwork .. 1 1 6 Colonial Motors .. 1 12 0 Beaths (Is paid, 19s deposit) 1 18 9 1 19 6 Buntings 1 7 0 1 ?. 6 Canty. Seed 18 3 Chch. Press 11 12 6 MM Cory-Wright, and Salmon, pf. Europa Oil. N.Z., 118 -■ pref. Matea Forests 0 2 8 1 13 0 N.Z. Motor Bodies 2 10 2 5 n Tingey, R. and E., c.d. 0 14 9 .MW Reece, Ltd., E., pf. 0 10 0 Prudential Building 1 0 6 Southland Brews. WM 1 4 0 Tekau Knitwear •. HI-