COMMERCIAL

Press, Volume XC, Issue 27426, 12 August 1954, Page 15

COMMERCIAL

STOCK EXCHANGES RISE IN FROZEN MEATS V ere Quiet on the Christchurch stock Exchange : esterday, and price were inclined to be irregular. eir ® enera l buoydhcy was mainWright; Stephenson and Co., Ltd.’s orshares reacted sharply to Tuesday nignt s announcement of the over-all dividend increase. Buyers advanced their offers by 3s 3d on a market completely bare of sellers. Another feature of the day’s trading was the substantial increase in CanterFrozen Meat ordinaries' to sales at £23 17s 6d and £24, and the market closed with offers cf £23 17s 6d, against sellers at £24 6s. Last year the market these shares lay between £l9 10s and £2O 12s 6d. New Zealand Refrigerating contnbutings also rose to sales at 23s 6d, with more on offer at 23s 9d. This represents a gain of 6s 6d a share during the last 12 months. Banks were quiet, with a general absence of buyers except for New South Wales, which had business and sellers at the unchanged rate of £32 10s. Gas presented the firmest of fronts, but insurances had only small buying support. Chain stores were not very active, business being confined to a small parcel of Woolworths, Ltd.’s rights, which sold at the fractionally lower price of 10s lOd. The company’s shares were inclined to be wide, with buyers at 15s 5d and sellers at 15s Bd. Quotations for Coles were unchanged at 16s and 16s Id respectively. In line with the recent partial collapse of the market in Australia, Ampols dropped very sharply to sales and sellers at 265, with further buyers at 255.

DOMINION TRANSACTIONS CHRISTCHURCH

AUCKLAND Sales.—Late Tuesday: £l7OO 15/9/57-60 3$ per cent., £96 10s; 150 Gordon and Gotch, rights. Ils 3d; 400 N.Z. Farm. Fert.. pref., 25s 3d; 200 N.Z. Newspapers, 35s 6d; 500 Speedway, new, No. 3, 255; 100 Whakatane Board Mills, 23s 3d; 200 Rye Park, 2s 9d. Yesterday: £ll5O 15/9/5255 3 per cent., £100; £2OO 15/12/53-56, £9B 2s 6d; £1875 15/2/55-56, £9B; £2OO 15/9/57-60, 31 per cent., £96 10s; £lOOO 15/5/62, 32 per cent., £9B ss; £6OO 15/6/52-55, 4 per cent., £lOO 7s 6d; 16 Bank New South Wales, £33 10s; 75 N.Z. Breweries, 48s 6d; 100 Tooths Breweries, €6s; 10 Carlton Breweries, 31s; 50 N.Z. Insurance, £6 12s 6d; 200 South British, 63s 6d; 100 North Auckland Farmers, 24s 6d; 77 Wright, Stephenson, 43s 6d; 200 Wright, Stephenson, bonus issue, 395; 300 Putaruru Timber, pref., 19s 7Jd; 500 A.C.1., 41s; 268 B.H. Py., 35s 6d; 500 Claude Neon, 555; 5 Colonial Sugar, £36 10s; 600 Con. Brick, 13s; 100 Fletchers, 445; 500 J. Chambers. 31s; 100 Morris. Hedstrom, 465; 100 Forest Products, pref., 20s 6d; 900 Reid Rubber, 20s; 50 Ross and Glendining, 57s 9d, and 50 57s 6d; '5OO Tip Top, 225; 300 Toppa,-5s 7d; 150 Wm. Cable, 33s 9d. Unlisted: 250 Bing Harris, 20s 6d; 170 'Hellabys, 5 per cent, pref., 1954 issue, 23s 6d

WELLINGTON Sales.—Late Tuesday: £5OO 3 per cent., 1952-55, £99 17s 6d; 960 Aust. Foundation Invest., ex rights, 4s 7sd. Yesterday: £ll5O 3 per cent. Stock, 1952-55, £100; £2BO Dec., 1953-56, £9B; £1230 1957-60 (3 sales), £94 10s; £335 1961-63, £9l 15s; £670 1956-59, £96 12s 6d; £2OO 1963-65, £9O 10s; £5O National Savings Bonds, 26/1/55, £ll 3s 3d; 300 Commercial Bank Australia, 17s 3d; 100 Wright, Stephenson bonus, cum div., 38s; 800 Putaruru Timber, pref. (2 sales), 20s 6d; 300 Ampol Petroleum. 265; 200 8.H.P., 35s 6d; 400 Fletcher Holdings (2 sales), 445; 600 G. J. Coles, cum div. (4 sales), 16s; 100 K.P. N.Z. Drugs. £6 10s; ICO Wm. Cable Holdings, 33s 9d; 176 N.Z. Farmers’ Co-op. Canterbury “A” pref., 14s 6d; 951 Woolworths, Ltd., rights (6 sales), 10s lOd, and 200 ex rights, 15s 7d; 100 Woolworths New Zealand, 23s 6d. Unlisted: 1500 Bing Harris “A,” 20s 6d. DUNEDIN Sales.—Late Tuesday : 5 Colonial Sugar, £36 10s; 300 G. J. Coles, 16s; 225 Woolworths, Ltd., rts., 10s lOd. Yesterday: £3OO N.Z. Govt., 3 per cent., 15/12/53-56, £9B; £2OO 15/4/56-59. £96 12s 6d; 100 Wright, Stephenson, con., 20s; 50 Ross and Glendining. 575; 820 Woolworths Ltd., rts. (2 sales), 10s lOd. Reported: £3675 N.Z. Govt., 3 per cent., 15/8/59-61, £94 10s; 100 K.P. N.Z. Drug, £6 10s; 300 John Chambers. 31s; 250 N.Z. Express Co., pref., 225; 200 Timaru Wool, 325; 500 D.1.C., pref., 24s 3d; 200 Donaghy’s Rope, 475; 500 Hallenstein Bros., pref., £5 15s; 400 John Chambers, 31s. Unlisted: 500 Southern Cross Assurance, 3s. OVERSEAS EXCHANGES SYDNEY Several prominent oil and uranium shares made partial recoveries on the Sydney Stock Exchange yesterday, but the generally easier trend was not dispelled. Sales.—Commercial Bank of Sydney (ex div.), £2O 4s; Commercial Bank of Australia (ex div.), 20s 6d; National Bank (20s paid), 40s 6d; Bank of New South Wales (ex div.), £3B 12s 6d; Tooths, 82s 3d; Associated News, 20s 3d; Associated News (pref.), 22s 6d; Amalgamated Wireless, 37s 6d; - Anthony Hordern, 25s 6d; A.C.1., 50s 3d; Bradford, 375; Burns Philp, 555; Canada Dry, 2s 9d; Colonial Sugar, £44 17s 6d; Courtaulds, 21s; G. J. Coles, 19s 7Jd; Goldsbrough, 43s 9d; 1.C.1., 36s 3d; Wilcox Mofflin, 5s 9d; Woolworths (ex rights), 18s 9d; Emperor, 18s 9d; Mt. Morgan, 24s 6d; New Guinea Goldfields, 2s sd; Placer, £l2 10s; AmpoKPetroleum, 31s 4Jd; pref., 21s 3d; Oil Search, 24s 3d; Ampol Exploration, 645; Australasian Oil Exploration, 14s lid; North Australian Uranium, 435; Northern Uranium Development, Ils; Uranium Development. 19s 3d; Uranium Mines, 14s 9d; West .Uranium, 5s 6d; British Tobacco, 335; Broken Hill Pty., 43s 9d; Mt. Isa,. 575; Freney, 10s 6d. MELBOURNE The investment market at Melbourne was strongly supported, and small gains were recorded in most stocks. Sales.—BrokeiTTlill South, 65s 6d; Consolidated Zinc, 41s 6d; Mt. Lyell, 18s; Mt. Isa, 575; New Broken Hill, 355; North Broken Hill, 83s; Uranium Mines, 14s sd; Mt. Morgan, 24s 3d; Oil Search, 24s 3d; Ampol Petroleum, 28s 6d; Ampol Exploration, 695; Oil Search, new, 23s 9d; Commercial Bank, 20s 6d; Goldsbrough, 43s Id; A.W.A., 38s; Ampol, 30s 6d; Associated Pulp, 24s Id; A.C.1., 50s; A.P.M., ord., 19s Id; Bradford, 37s 3d; British Tobacco, 32s 9d; Broken Hill Pty.. 43s 6d; Courtaulds, 21s; Drug* Houses, 33s 3d; Dunlop, 325; Electro. Zinc, 375; Felt apd Textiles, 335; G. J. Coles, 19s 9d; Gordon and Gotch, rights, 13s 3d; Henry Jones, 51s; Herald, 19s; 1.C.1., A., N.Z., 36s 3d; N.Z. Forest Products, 17s 7d.

CHRISTCHURCH QUOTATIONS

Sales on ’Change Listed £ s. d. Var’n. 5 Canterbury Frozen Meat 23 17 6 4-17/6 42 Woolworths, Ltd., rights ..0 10 10 —Id Sales on ’Change, Unlisted 200 Tekau Knitwear 1 5 6 N.C. Sales Reported, Listed £930 N.Z. Govt. Stock, _ 3 p.c., 1957-60, 2 sales 94 10 0 16 Bank of’' N.S.W.’, x.d. 33 10 0 N.C. 5 Canterbury Frozen Meat 24 0 0 + £1 200 N.Z. Refrigerating, contr. 1 3 6 4-1/-200 Korma Textiles, late sale Tuesday 0 18 0 —3d 200 Ampol, late sales (2) Tuesday 1 6 0 8/100 Ampol 1 6 0 >— 100 Beath and Co., pf. 1 4 0 1000 Humes, N.Z., Ltd., pref. 1 3 0 N.C. 50 K.P. and Co. 6 10 0 4-6d 800 Quill Morris 1 3 0 —

Buyers. £ s. d. Sellers. £ s. d N.Z. Government— 3 p.c., 15/9/52-55 .. 99 15 0 — 3 p.C., 15/9/53-56 .. 98 15 0 99 0 0 3 p.c., 15/12/53-56 .. 98 0 0 MM 3 p.C., 15/2/55-58 .. 97 15 0 — 3 p.c., 15/4/56-59 .. 3 p.c., 15/11/57-60 .. — 96 15 0 94 10 0 3 p.c., 15/4/60-62 .. —- 92 17 6 3 p.c., 15/4/60-63 .. — 93 0 0 3 p.C., 15/7/62-64 .. — 91 15 0 3 p«c., 15/7/63-65 .. 90 0 0 90 15 0 4 p.c., 15/6/52-55 .. 100 5 0 MM 4 p.c., 31/5/54-58 .. 100 5 0 BanksAdelaide .. — 1 13 0 Aust, and N.Z. .. — 1 19 0 Comm, of Aust. . . 0 17 2 0 17 3 Nat. of A’asia, £1 1 11 0 — 12s 6d .. — 16 6 N.S.W —— 33 10 0 Breweries— Ballins, ord. 15 0 17 6 Pref. 116 M— Dominion • • — 4 10 6 New Zealand 2 8 3 — Tui — 15 0 Frozen Meat— Canterbury Pref. 23 17 6 7 5 0 24 5 0 Gear 18 3 —M N.Z. Refrig., 10s .. — 13® Nth. Canty., pref. 12 0 MM Gas— Auckland 0 6 0 Christchurch 0 18 7 10s paid 0 8 4 —— Timaru .. . • 16 6 MM Wellington •. 0 19 6 MM Insurance— New Zealand .. 6 11 0 6 12 0 South British mm 3 3 6 Standard, c.d. mm 5 0 0 Loan and Agency— C.F.C.A.. ord. 1 10 0 MM Chch. Building 16 5 0 M— Dalgety 0 12 6 MM Goldsbrough, Mort 1 14 6 1 15 6 Mutual Benefit 1 11 O MM Nat. Mort. “A” .. 0 10 3 MM N.Z.F. Co-op. 0 14' 0 * MM 1st pref. 0 14 9 MM “A” pref. 0 14 0 MM 4J p.c. Stock, ’60 96 12 6 — N.Z. Guarantee 0 2 4 MMPerm. Invest 11 10 0 M. S.I. Finance 1 10 0 1 11 6 Pref. 10 0 12 6 United Building .. 10 0 MM Wright, Stephenson, c.d. 2 0 0 MM Pref., c.d. 13 6 —•

Buyers. Sellers. J s d. > s d. Shipping— Hud. Parker; c.d. 2 3 6 2 5 0 Nortnern .. 0 12 7 mm Union, pref. .. 1 6 6 —m Woollens— Bonds 5 12 0 Feltex —. . 1 9 0 N.Z., pref. .. 1 2 3 — Kaiapoi, pref. .. 1 7 0 — Korma, ord. — 0 18 0 Pref. .. .. 1 0 0 Manawatu .. 3 16 0 mm Mosgiel .. .. 3 7 6 —M Lane, Walker, Rudkin, Ltd., pref. .. 1 3 6 MM Wellington .. 10 fl 0 <— .. .. 10 5 0 m— Miscellaneous— Alloy Steel (N.Z.) 2 2 0 2 10 0 Amal. Batteries .. 1 3 Ampol .. 1 5 0 1 6 0 Andersons, 1st pf. 1 2 0 — Aust. C.I., c.d. .. 2 0 0 2 2 0 Aulsebrooks, pref. 1 3 6 Avon Metal — 0 10 0 Beath and Co. _ 2 15 0 Pref. .. .. 1 3 3 1 4 6 Berlei .. .. 1 14 0 Beggs .. .. 2 7 0 — Booth, Macdonald ~— 0 6 9 British Tobacco .. 1 6 6 Broken Hill Pty. .. 1 lb 4 — Canty. Saleyards .. 2 2 0 — Claude Neon, N.Z. 2 12 6 — Colonial Sugar .. 36 10 0 37 0 0 Conspl. Brick Courtaulds .. 0 17 2 0 0 10 17 9 9 Dom. Fertiliser .. 2 1 0 Donaghy’s Rope .. 2 6 0 — D.I.C., 10s paid .. — 1 7 3 Pref. .. .. 1 3 9 — Evans Atlas .. 0 17 0 Fletchers 2 4 3 “B” pref. .. 1 1 3 — G. J. Coles, c.d. .. 0 16 0 0 16 1 Greater Crystal .. 1 0 6 Hallensteins .. 1 14 0 1 15 0 Hay’s .. .. 3 7 6 —m Humes, Ltd. .. 2 4 6 — Humes (N.Z.), pref. 1 2 9 1 3 3 I.C.I., A., N.Z., c.d. —* 1 10 6 J. Gadsden .. • 1 10 6 J. J. Niven, c.d. 3 18 n K.D.V. Boxes .. 0 12 3 K.P. Drugs .. 6 10 0 6 12 0 Maling, pref. .. 1 1 0 — McCaskey, pref. .. 0 18 3 mm McKenzies .. 1 0 9 1 1 0 Midland Mot., pref. 0 19 9 Milburn Lime — 1 10 0 M.K. Man’frs. .. 0 14 0 Morris Hedstrom .. 2 7 0 — Nat. Electric mm 7 15 0 N.Z.F. Fertiliser .. 2 0 0 Pref., x.d. .. 1 b 0 m— N.Z. Forest Prod. 0 14 7 — Pref. .. .. 1 0 0 —— N.Z. Newspapers .. 1 14 3 1 15 9 Norvic Shoes — 0 14 6 Quill Morris (1936) 1 3 0 —— Reid Rubber .. 0 19 8 1 0 0 Ross and Glendining —. 2 18 0 Silknit .. .. 0 13 3 (J 15 0 Simpsorf and Williams .. .. 3 1 6 — . Skellerup, pref. .. 1 2 0 mm Turnbull and Jones, pref., x.d. .. 1 0 6 Weeks .. .. 1 10 0 1 15 0 Pref. —— 1 3 9 Whit, and Tombs 1 10 3 mm Wm. Cable .. 1 13 6 1 14 0 Wilson’s Cement .. — 0 15 9 Wool worths, ord. .. 0 15 5 (J 15 8 Rights .. .. 0 10 10 .— (N.Z.), ord. — 1 3 6 (N.Z.), pref. .. 1 18 0 — Pp„ pref. .. 1 3 0 MM W. R. Cooke and Son .. .. 0 11 6 Overseas Listings— Woolwqrths (S.A.) 0 12 — Aust. Mining— Mount Morgan, c.d. 0 19 6 1 0 6 Mining— Grey River .. 0 2 6 0 2 9 Snowy River .. 0 2 7 0 4 0 UNLISTED STOCKS Airwork, N.Z. .. 1 2 0 MM Pref. .. .. 1 0 9 M—M Andrews and Beaven, pref. .. 1 0 0 1 2 0 Ord. .. .. 1 4 0 MM Colonial Motors .. 1 12 0 M— Buntings .. 1 8 0 1 10 0 Canty. Seed .. 1 8 0 1 10 0 Rights .. .. 0 8 0 MM .phch. Press .. 12 1 0 MM. Cory-Wright and Salmon, pref. .. 1 1 1 3 0 Consol. Brick, pf., c.d. 0 16 9 Mackintosh, Caley, Phoenix 0 8 3 Lane, Walker, Rudkin Industries .. 1 11 0 1 15 6 Matea Forests .. 0 3 2 — Lyttelton Pictures —— 1 3 0 N.Z. Indust. Gases 1 10 0 1 12 6 Tingey, R. and E. 0 L7 0 Regent Theatre .. 0 12 6 Prud. Building .. 0 19 9 Scales “C.” pref. ... 0 7 6 . Vibrapac .. 0 L7 0 0 19 6 Tekau Knitwear .. 1 5 6 1 b 8 Victoria Mansions 1 6 0