COMMERCIAL

Press, Volume XC, Issue 27407, 21 July 1954, Page 15

COMMERCIAL

STOCK EXCHANGES UPWARD TREND REMAINS UNCHECKED Apart from chain store issues prices of snares dealt in on the Christchurch Stock **xcnange yesterday were firm to firmer in moderate trading. A feature of the day was the sharp rise in New Zealand Breweries to business and buyers at 475, with further sellers holding for another sixpence. The market for Ballins, which were very active for some weeks, was flat, with unsupported sellers for ordinaries ana preferences at 28s 6d and 21s 9d respectively. Gas shares remained very firm, with rS ies ,? n<i buyers for Wellingtons at 19s Ud. Except for Nationals, which were somewhat wide with buyers at 27s 3d and sellers at 28s Bd. the insurance section was bare of buying offers, although there were plenty of sellers for most issues.

Dalgety s A and B shares again had solid buying support at 12s 6d, with sellers remaining reticent. Following the lead in Sydney on Monday, where Broken Hill Proprietary shares fell Is 9d because of the new issue announcement, quotations for this corpor a “° n s shares were weaker, with buyers at 36s 6d and sellers at 37s 6d. Until the recession in Sydney the news had the opposite effect in New Zealand, where the market had buoyant tendencies. Fri bay s announcement of a new issue of * iA° 15 ordinary <1 shares at a premium of 10s each is the company's third postwar issue. In 1949, 4,628,300 shares were issued in the ratio of one for three, at ® e/ R x Tl nium ®ach, and in 1951 6,500,000 shares were issued ‘in the same ratio and at the same premium. Tne 1951 brought paid capital to just on £25,000,000, by far the largest of any company in Australia.

DOMINION TRANSACTIONS CHRISTCHURCH

Sales ~Late Monday: 100 N.Z. Insuramee, £6 9s; 10 Mosgiel Wool, 675; 100 ® d - 100 Reid Rubber, pref., 19s 7£d; 400 Whaka. Board, 21s. Yesterday: % Per cent - £9B ss; £5OO I Jai 2/ ?A 3 " SO^AA £97 12s 6d ’ £925 15/11/57-60, oo ° Ccmm ' Bank Aust., 17s 6d; 100 Nat. Bank A’asla., 30s 6d; 275 N.Z. SU^ n f, e - £6 9s; 100 South British, 63s 3d; 450 North Auckland Farmers “B” pref., 20s 3d; 600 Northern Steam, 12s 3d; 100 Auckland Laundry, 13s 6d; 650 Fletchers, 41s 6d; 200 Gordon and Gotch, rts., 10s lOd, and 500, Ils; 110 N.Z. Drug £6 6s; 100 Forest Prods., 14 s 6d; 300 Olympic 2SP S S. L ’,? S 10d: 100 Reid Rubber, 19s 8d; 500 Skellerup, pref., 225; 100 Speedway Products, 24s 9d; 100, 255, and 100 (new), 23s 9d; 100 Toppa, 5s 7d; 300 Whakatane 2ls; 850 Woolworths, Ltd., rts., 10s WELLINGTON Sales.—Late Monday: £lOOO 3 per cent., £99 15s; £6BBO 31 per cent., 1957-60 (2 sales), £96 7s 6d; 15 Canterbury Frozen Meat, £23; 855 N.Z. Farmers’ Co-op., ord., 14s; 220 Wool worths, Ltd., 16s. Unlisted: 155 Black and White Cabs, 9s; 400 Tekau Knitwear, cum div., 26s fid. Yesterday: £6OO 3 per cent., May 1953-56, £9B 10s; £5OO Dec., 1953-58, £97 12s 6d; £645 1960-63, £93; £2OO 3J per cent., 1962, £9B ss; £BOO 4 per cent., 1952-55, £lOO 2s 6d; 365 Commercial Bank Aust, (new, fully paid), 17s sd, and 135, old, 17s 6d; 150 Tui Brewery, 24s 6d; 1060 Swan Brewery, 8s lOd; 50 Southland Frozen Meat, 945; 510 Wellington Gas, ord. (2 sales), 19s 9d; 150 South British Insurance, 63s 3d, and 50, 63s 4d; 100 N.Z. Insurance, £6 9s; 100 Newton King, 17s 9d; 100 Leyland O’Brien Timber.-32s Id; 100 Felt and Textiles Aust. (Melbourne register), 26s 3d; 200 Timaru Wool, 325; 200 British Tobacco, 27s 6d; 300 8.H.P., 375; 400 Electrolytic Zinc, ord., 29s 3d, and 1000 pref., 28s;- 100 Fletchers Holdings, 41s 6d; 500 Skellerup, pref., 225; 1500 Woolworths, Ltd., rts. (2 sales), 10s lOd. Unlisted: 400 Bing Harris "A” (2 sales), 20s 6d; 200 Radio Corporation, 12s 3d. DUNEDIN Sales.—Late Monday: 300 Ampol Petrol, 345; 633 Woolworths, rights, Ils. Yesterday: £350 N.Z. Govt., 3 per cent., 15/5/5356, £9B 10s; £lOOO 15/5/53-56 ( 2 ’sales), £9B 10s; £950 15/12/53-56 (2 sales), £97 12s 6d; £2200 15/2/55-58 (2 sales), £97 12s 6d; £6OO 1960-63, £92 15s; 300 A. and N.Z. Bank, 40s; 15 Cant. Frozen Meat, ord., £23; 20 Waitaki Farmers, £l2 2s 6d; 200 Goldsbrough, Mort (2 sales), 345; 300 8.H.P., 375; 25 KJ 5 . N.Z. Drug, £6 6s 6d; 137 Woolworths, Ltd., rts. (2 sales), 10s lid; 100 J. and A. P. Scott (unlisted), 20s 6d. INVERCARGILL Sales Reported.—2so Frozen Products, 7s 6d; 200 Milburn Lime, 30s 3d; 400 Natl. Insurance, 28s 6d, and 100 28s 3d; £250 Govt. Stock, 1952-55, £99 15s; £4OO 195350, May, £9B 10s; 50 Southland Frozen Meat, 945; 200 N.Z. Refrig, (con.), 22s 6d. OVERSEAS EXCHANGES SYDNEY Outside the investment market the main interest on the Sydney Stock Exchange yesterday was again on uranium issues. Sales.—Commercial Bank of Sydney, £2l 19s; Tooths, 80s; Associated News., 20s 9d; Amalgamated Wireless, 37s 9d; A. Hordern, 275; A.C.1., 54s 3d; Australasian Paper, 19s 7Jd; British Tobacco, 33s 3d; 8.H.P., 44s 9d; Colonial Sugar, £44 17s 6d; Courtaulds, 20s 9d; Drug Houses, 33s 10Jd; Dunlop, ex div., 32s 9d; Electro. Zinc, 36s 3d; Felt and Textiles, 32s 6d; Coles, 19s lOJd; Goldsbrough, 42s 9d; 1.C.1., 36s IJd; New Zealand Forest, 17s 9d; Winchcombe, 425; Woolworths, 19s 9d; W. R. Carpenter, 17s 6d; Ampol Petroleum, 41s 6d; Mount Lyell, 18s; Consolidated Zinc. 43s 6d; Mount Isa, 56s lOJd; New Broken Hill, 34s 6d; South Broken Hill, 665; Associated OU, 15s 3d; Freney, 13s 6d; Oil Search, 29s 6d; Ampol Exploration; £5 4s; North Uranium Development, 10s 3d; Uranium Development, 13s lid; Uranium Mines, 14s; North Uranium Australian Corporation, 16s 6d; New Guinea Gold, 2s. ' MELBOURNE

Most leading investment stocks were again marked up strongly and turnover was maintained at a high level at Melbourne yesterday Over-all rises well exceeded falls. Uranium shares were again the centre of the mining section and trading was active in all stocks at higher prices. Oil was slightly weaker and gold was also lower. Sales—Mount Isa, 575; New Broken Hill, 34s 9d; North Broken Hill, 87s; Uranium Mines, 13s 9d; Emperor, 18s 7d; Mount Morgan, 24s 3d; Oil Search, 29s 3d; Ampol Petroleum, 40s 6d; G. J. -Coles, new, 19s 8d; Ampol Exploration, £5 ss; Oil Search, new, fully paid, 28s 6d; Goldsbrough, 42s 3d; Carlton Brewery, 34s 9d; Ampol Petroleum. 41s 3d; Associated Pulp, 22s 4d; A.C.1., 53s 9d; Bradford Cotton, 355; British Tobacco, 33s 8d; Courtaulds, 20s 6d; Drug Houses, 33s lid; Dunlop, 32s 9d; Electro. Zinc, 36s 6d, and pref., 34s lid; Felt and Textiles, 32s 3d; G. J. Coles, 20s; Gordon and Gotch, rights, 13s 10d: H. Berry, “A” pref., 12s 6d; Henry Jones, 51s; Herald, 18s 6d; Humes, 555; 1.C.1., A., N.Z., new, 35s 6d; Myer, 12s 6d; Olympic Consolidated, 8s 7d; P. and Baldwins, 25s 3d; Woolworths, 19s 9d.

CHRISTCHURCH QUOTATIONS

Sales on ’Change Liste £500 N.Z. Govt. 3 p.c. £ s. d. Var’n Stock. 1959-61 94 10 0 1700 Woolworths, Ltd., rights (4 sales) .. 0 10 10 —2d 86 Woolworths. Ltd., rights 0 10 9 —3d 100 Morts Dock 0 16 9 50 Hay’s 3 7 6 N.C. Sales Reported, Listed 7 Bank of N.S.W. .. 33 10 0 N.C. 458 N.Z. Breweries 2 7 0 4-1/3 510 Wellington Gas (2 sales) 0 19 9 N.C. 200 Timaru Woollens .. 1 12 0 N.C. 200 Dunlop (N.Z.), pf. 0 17 3 N.C. 50 Fletcher Hldgs. 2 1 6 4-3d 800 Olympic Consol. Industries 1700 Whakatane Board 0 7 4-6d Mills, ord. contr. 0 14 9 800 Woolworths, Ltd rights (2 sales) ..’ 100 John Chambers 0 10 1 8 10 6 —2d £500 N.Z. Govt. Stock, 3 p.c., 1952-55 99 15 0 £200 N.Z. Govt. Stock, 3 p.c., Dec., 1953-56 97 10 0 — AUCKLAND

Buyers. £ s. d Sellers. £ s. d. N.Z. Govt.— 3 p.c., 15/9/52-55.. 99 12 6 3 p.c., 15/5/53-56 .. —- 98 7 6 3 p.c., 15/12/53-56 .. 97 10 0 97 15 0 3 p.c., 15/2/55-58 .. 97 10 0 — 3 p.c., 15/4/56-59 .. 96 0 0 — 3 p.c., 15/11/57-60 .. 94 7 6 —— 3 p.c., 15/8/59-61 .. — 94 12 6 3 p.c., 15/4/60-62 .. 93 0 0 3 p.c., 15/4/60-63 .. — 92 0 0 3 p.c., 15/7/61-63 .. 91 15 0 — 3 p.c., 15/6/61-64 .. 91 5 0 3 p.C., 15/7/62-64 .. 92 7 6 3 p.c., 15/7/63-65 .. 91 0 0 — 3 p.C., 15/5/64-66 .. 91 5 0 31 p.C., 15/9/57-60 .. 96 7 6 — 31 p.c., 15/1/52-57 .. 3% p.c., 1962 98 0 0 98 2 6 — 4 p.C., 15/6/52-55 .. 100 0 0 —- 4 p.c., 31/5/5C-58 .. 100 0 0 — RflTlkS* - A. and N.Z. Bank, “B” . • ■ • 2 0 0 ■i— Aust, and N.Z. 1 19 0 — Comm, of- Aust. 0 17 5 — Comm, of Sydney — 18 5 0 Nat. of A’sia, £1 .. 1 10 0 •— 12s 6d .. 0 19 6 —— National of N.Z. •• 4 12 0 N.S.W 33 7 6 33 12 6 Breweries — Ballins, ord. — 18 6 Pref. — 119 New Zealand •• 2 7 0 2 7 6 Frozen MeatCanterbury 22 10 0 —— Pref 7 5 0 — N.Z. Refrig. 2 6 0 — Nth. Canty., pf. .. 12 0 •— Southland 4 14 0 4 14 9 Waitaki 12 0 0 Auckland 0 5 0

Buyers. £ s. d. Sellers. £ s. d. ; — - — — Christchurch 10s paid Timaru . .. Wellington 0 18 0 0 8 0 16 6 0 19 9 National 18 3 1 a 8 New Zealand Mm 6 10 0 South British — 3 3 6 Standard — 5 2 6 Loan and Agency-— C.F.C.A., ord. 18 9 Pref. 3 0 0 MM Dalgety 0 12 6 MM “B” 0 12 6 ■1 ~ Mutual Benefit 1 10 0 MM Nat. Mortgage, "A” 0 10 0 0 10 3 “B” 2 5 0 MM N.Z.F. Co-op. 13 10 0 MM First pref. 0 14 7 MM “A” pref. 0 13 6 MM “B” pref. 0 13 6 44 p.c. Stk., 60 .. 98 7 6 4i p.c. Stk.. *55 ..100 0 0 N.Z. L. and Mer., fully paid 18 6 Perm. Invest. LI 15 0 — S. Island Finance — 1 14 0 United Budding .. 0 19 6 —— Wright, Stephenson, contr. 10 0 Shipping— Huddart Parker, pf. 0 18 ‘3 Union, pref. 16 0 -- Putaruru, pref. 10 0 Woollens— Bruce 1 2 2 0 M_ Feltex 16 6 17 3 N.Z. , \ 1 16 0 MM. Pref. MM 12 6 Kaiapoi 18 6 — Pref. —— 17 9 Korma, ord. 0 17 0 MM Pref. 0 19 0 MM Manawatu 3 10 0 MM Mosgiel 3 5 0 MM Lane, Walker Rudkin, pref. 13 3 Timaru 1 11 9 1 12 3 Wellington, pref. .. 0 10 0 — Matheson, Minster 0 10 3 —M. Miscellaneous— Alloy Steel (N.Z.) 2 2 6 2 10 0 Amal. Batteries .. 17 3 — Ampol — 1 15 0 Andersons, 1st pf. 12 0 MM. Aust. C.I. 2 16 2 3 0 Aulsebrooks, pref., c.d. 13 6 14 0 Avon Metal — 0 12 6 Beath and Co. 2 13 6 2 14 6 Is paid 0 19 0 MM Caros, c.d. MM. 16 0 Booth, Macdonald 0 6 6 0 6 9 Brit. Tobacco 16 7 MM Broken Hill Pty. .. 1 16 6 1 17 6 Canty. Roller Flour 0 17 0 MM Claude Neon (N.Z.) 2 12 0 MM Colonial Sugar 36 15 0 37 0 0 Clyde Engineering — 13 9 Consol. Brick 0 12 3 0 13 0 Courtaulds 0 17 6 0 18 0 Dom. Builders 0 12 0 MM Coulls, Somerville 1 13 6 MM Donaghy’s Rope .. D.I.C., 10s paid, pf. 2 5 6 MM 13 9 MM Dunlop (N.Z.) 10 6 MM Pref. M— 18 6 Evans Atlas 0 17 0 0 18 0 Fletcher Holdings 2 16 M— “B” pref. 110 MM Griffins 2 3 3 MM 1 G. J. Coles 0 16 0 0 16 A Greater Crystal .. 10 6 —— Henry Berry 13 0 — Humes 2 4 0 MM Hay’s — 3 7 5 I.C.I., A., N.Z. .. 1 10 3 1 10 9 ■ J. Gadsden 1 10 0 M— Pref. 12 6 MM J. Wattle MM 1 18 0 J. J. Niven, c.d. .. 3 15 0 MM K.D.V. Boxes 0 12 1 MM K.P. Drugs 6 6 6 MM. John Chambers .. 18 6 MM Mating, pref. 10 6 — Mason, Struthers, £ 1 paid 1 15 0 1 19 0 10s paid 0 17 6 MM McCaskey, pref. .. 0 18 0 MM McKenzies 10 9 110 Midland Mot., pref. 0 19 3 MM Milburn Lime —M 1 10 6 M.K. Mfrs. 0 13 0 MM Morris, Hedstrom .. 2 4 6 MM Morts Dock 0 16 3 MM N.Z.F. Fertiliser, c.d. 1 17 9 MM Pref., c.d. 15 0 MM N.Z. Forest Prods. 0 14 3 0 14 6 Pref. 0 19 5 10 0 N.Z. Indus. Gases, pref. 0 19 6 N.Z. Paper Mills .. —— 1 16 6 Norvic Shoes 0 10 0 0 15 0 Otago Daily Times 2 6 0 — Petrous Tile 13 9 MM Quill Morris 12 6 — Reid Rubber —— 0 19 9 Procera 0 8 0 ■■ ■ Ross and Glendining 2 17 3 Speedway Prods. .. 14 0 MM Turnbull and Jones, 110 MM Weeks 1 11 0 M— Pref. Mm 12 6 Whakatane, ord. .. 10 4 MM Pref. 113 MM Whit, and Tombs .. 18 0 M— Wm. Cable — 1 13 9 Williamson, Jeffery 17 6 MM W’worths, ord. 0 15 10 0 16 0 (N.Z.), ord. 12 6 MM (N.Z.). pref. 1 15 6 MM Pp„ pref. .. 13 0 MM W. R. Cooke and Son 0 11 0 Woolworths, 1st pf. —— 19 9 Mining— Grey River 0 2 6 0 3 3 Ngahere 0 0 6 MM Snowy River 0 2 6 0 4 0 UNLISTED Airwork (N.Z.) .. STOCKS 12 3 Pref. MM 12 0 Andrews and Beaven, ord. 14 0 14 6 Colonial Motors 1 12 0 MM Beaths (Is paid, 19s deposit) 1 19 0 Buntings 17 1 1 10 0 Canty. Seed 17 6 1 10 0 Carbonic Ice 2 17 0 MM Christchurch Press 11 15 0 MM Cory - Wright and Salmon, pref. 115 Europa Oil (N.Z.), pref. 1 13 0 Lane, Walker. Rudkin Industries .. 15 0 Matea Forests 0 2 8 0 3 0 Prudential Bldg. .. Scales “C” pref. .. MM 10 0 0 6 0 MM Trade Credits 0 14 6 MM Weeks, Wanganui, pref. 12 0 Wooff and Salvesen • • •• 1 a s —