COMMERCIAL

Press, Volume XC, Issue 27444, 2 September 1954, Page 15

COMMERCIAL

STOCK EXCHANGES HEAVY TRADING IN FIRM MARKETS Markets were active on the Christchurch Stock Exchange yesterday, a large volume of business being written in a wide range of stocks. Although one or two Australian-based shares w’ere cheaper, markets generally were firm at late rates. Buyers continued to outnumber sellers in the proportion of about two-to-one. Indeed buyers quoted for a total of 124 Issues and sellers for only 64. Commercial. Bank of Australia varied m sales at 17s 2d (unchanged) and 17s Id, with more on offer at the lower figure. National of Australasia naids returned to the sales list in a transaction at 31s 6d, and the market closed with buyers at 31s and sellers at 32s 6d. New South Wales

were wanted at £33 10s—no- sellers. A few more sellers appeared for gas shares, and insurance remained very quiet. The preponderance of buyers in the loan and agency section was less marked. Unsupported sellers-again appeared for Dalgety s issues at I2s 9d, and significant perhaps of the unchanged New Zealand Farmers’ Co-operative dividend rate was the return of sellers for ,the company's “A” and “B” preferences, but in both cases they were wide of steady buyers at 14s 3d. . Goldsbrough Mort had sales and buyers at the unchanged price of 34s 6d. Electro. Zincs dropped sharply to sales and buyers at 295. Booth, Macdonalds recovered 3d in a sale at 6s, with further buyers limiting their offers' to 5s 6d. Another sharp advance was registered by New Zealand Forest Products ordinaries in business at 16s, and at the fclose buyers offered 15s lOd against sellers* quote of 16s Id. Woolworths, Ltd’s., rights, were slightly firmer, and the company’s shares sold at the steady price of 15s 6d. Buyers for Coles quoted 15s 4d on a market bare of sellers. . DOMINION TRANSACTIONS

o i AUCKLAND Sales.—Late Tuesday: £940 15/9/57-60, C £ nt » £ , 97: W 0 Wright, Stephenson, 42s 3d, 54 Broken Hill Pty., rights, 7s 6d. «nn £loo ° 15/9/59, 3? per cent., anX 35 ?-! 31 / 5 /54-58, 4 per cent., £lOO 10s, 800 Dominion Breweries, Sss* 600 Auckland Gas, 10a paid,-6a; 100 N.Z. InsurS 5A £6 .Jl' J* 00 Newton King, 17e 6d, _ ISO Wright, Stephenson,, 42s 6d; 100 Northern Steam. 13s lid: 100 Feltex <A“st.). 27s fid; 100 Feltex IN.Z.). 35s Bd; S 1 HU'-Pty-. 325, and 100 at ?2s S.', <? a !,'s e . Neo £: 555: 300 Consolidated ?I lck iA 2s 6d; 200 Electro. Zinc, pref., 27s Id; 100 Farmers' Trading, 43s 3d; 200 Kr•' pref.. 16s; 89 Kempthorne Prosser N.Z. Drug, cum div., £6 10s: 200 Forest Products, 16s, 100 st 16s Id. 400 at 16s 3d, and 106 pref, at 19s 6d: 200 N.Z. News--325: 100 Reid Rubber,-pref., 20s 3d; ??n Rc ?? »1 d Clendinlng, S7s 6d; 100 Union 9 ilr 318 3d: 200 Wm - Cable, 32s 6d; 700 Wilson s Cement. 15s 4d; 300 Woolworths. Ji . *? s 6d ' and 420 Hghts at 10s lOd. Unlisted: 150 Nations! Trading, 30s.

_ WELLINGTON Saies.—£s7s, 3 per cent.. May, 53-56 (two sales), £99; £3OO, 59-61, £93 10s: 100 N.Z. Refrig., 47s 6d; 250 Wright, Stephenson, cum div., 42s 6d. and 225 cont. 20s--100 Felt and <Au S “, cum div, 27s 9d: 200 Matheson Minster, pref.. 20s; !23 Broken Hill Pty., ex rights, 325, 60 rights (two sales), 7s 3d, and 100 ex rights 33 ?ia 2 !°J :1 S u . d ? Ne 2 n <N.Z ). 555: 300 Consolidated Brick, 12s 6d; 121 D.1.C.. pref. 245; 100 Dunlop, N.Z.. 22s 3d: 200 Electrolytic Zinc, pref., 27s 3d; 100 J. Wattle Canneries, 37s 9d; 400 N.Z. Forest Productr (two sales), 16s; 600 Wm. Cable Holdihcr (three sales), 335; 900 Woolworths, Ltd. 15s 6d. and 1570 rights (seven sales). 10r lOd; 100 Woolworths, Ltd., Properties, 17r 6d. Unlisted: 500 Mates Forests, 3s 6d DUNEDIN Sales.—Late Tuesday: 150 Wright, Stephenson, ord., 42s 6d, and 100 42s 3d; 200 Felt and Texiles (Aust.), 27s 9d; 100 Reid Rubber, ord., 20s 2d; 200 Turnbull and Jones, ord., 37s 3d. Yesterday :50 N;Z. Breweries. 49s 3d; 100 G. J. Coles, 15s sd. and 100 at 15s 6d; 100 Mt. Lyell, 15s 6d; 100 Dunlop (N.Z.), pref., 17s 6d. Sales Reported.—£2ooo Dunedin Citv Council, 4 per cent., 16/9/62, deb., £lOO 10s; 350 Ross and Glendining (two sales), 57s 6d; 300 Woolworths, Ltd., 15s 6d; 77 Wright. Stephenson, ord., 425; 250 Dunlop (N.Z.), pref., 17s 6d; 106 N.Z. Forest Products, pref., 19s 6d. INVERCARGILL e. 3S a, ?f ?«P<>rted.—l7B Berlei, 425; 100 Silknit, 14s; 44 Woolworths, rights (two sales), 10s lOd; £2OO Govt. Stock, 53-56, May, 3 per cent., £99. OVERSEAS EXCHANGES SYDNEY Movements were irregular in a busy oil group on the Sydney Stock Exchange yesterday. There was heavy trading in uranium shares. Sales.—A. and N.Z. Bank, 445; Commercia! Bank of Sydney, £2O 8s; Bank New ?P ut^.V ales ’ £39 2s 6d : Tooheys, ex div.. 25s 10jd; Associated News, 21s 3d; Amalgamated Wireless. 36s 6d; Anthony Hordern, 26s 9d; A.C.1., 'ex div., 51s; Australian Paper Manufacturers, 21s 74d; British Tobacco, 33s 6d; Broken Hill Pty., 40s 3d, and rights 8s 8d; Courtaulds, 21s; Dunlop, 70s; Felt and Textiles, 32s 4Jd; Goldsbrough, 425; 1.C.1., ex div., 36s 6d; New Zealand Forest, 19s; W. Mofflin, 5s Woolworths, 18s load, and rights 13s Psd; Mount Morgan, 25s IJd; Consolidated Zinc. 45s 9d; New Broken Hill, 355; Ampol Exploration, 29s 6d; Associated Australian Oil, 9s lOd, and rights 5s 3d; Freney, 9s 2d; Oil Search, 23s 9d; Ampol Exploration, 68s; Associated Freney, 15s IJd. MELBOURNE The industrial market had an easier tendency at Melbourne yesterday. Strong selling in the mining section brought prices to lower levels. Bales,—Broken Hill South, 675; Mt. Isa, 545; Mt. Lyell, 19s; New Broken Hill, 355; Loloma, 29s 2d; Mt. Morgan, 255; Oil Search, 23s 3d; Ampol Exploration, 67s 6d; Ampol (2s 6d uncalled), 61s; Carlton Brewery, 37s 7d; Ampol Petroleum. 30s; Ampol, pref., 225; Associated Pulp, 24s 9d; A.C.1., 51s; A.P.M., 21s 3d; British Tobacco, 33s 3d; Broken Hill Pty., 40s 3d, and rights 8s 7d; Courtaulds, 21s; Drug Houses, 35s Id; Dunlop, 33s 3d; Electro. Zinc, pref., 345; Felt and Textiles, 32s 6d; General Industries, pref, rights, 3s 6d; G. J. Coles, 18s 8d; Henry Berry, 16s; Herald, 18s 9d; Herald, new, 17s 3d; Humes, 575: 1.C.1., A.N.Z., 36s 3d; Myer, 13s 6d; N.Z. Forest, 19s; Olympic Consolidated, 9s 3d; Patons and Baldwins, pref., Ifts; Woolworths, 19s, and rights 13s 6d. LONDON A. and N.Z. Bank, 36s 3d; Commercial Bank of Australia, sale, 16s 10}d; E., S., and A. Bank, sale, £5 16s 3d; Bank of New South Wales, buyer £3l 10s, seller £32 ss; British Tobacco; sale, 25s lOJd; Goldsbrough Mort, buyer 335, seller 345; Dalgety, sale, 12s 10£d; National Bank of New Zealand, sale, £5 6s 9d; Dalgety, 1955-70, buyer £95, seller £97; New Zealand Loan and Mercantile, 4 per cent, debentures, sale, £B5, and ord. stock sale, 295; P. and O. Deferred, middle price, 51s 7Jd; Consolidated Zinc, 37s 9d; New Broken Hill, 27s 3d.

CHRISTCHURCH Sales on 'Change, Listed £255 N.Z. Govt. Stock, 4 £ s. d. Var’n. p.c., 1952-55 100 17 6 100 Commercial Bank ’ of Australia 0 17 2 N.C. 500 Commercial Bank of Australia 0 17 1 —Id 500 Electrolytic Zinc, ord. 1 9 0 —1/1J 100 N.Z. Forest Products, Ltd., ord. .. 0 16 0 4-8d 100 Woolworths, Ltd. 0 15 6 N.C. 200 Union Steam, pref. 200 I.C.I.A.N.Z., ord. 1 6 9 N.C. (2 sales) 1 9 ’9 -3d Sales Reported. Listed 250 National Bank of A/asia., fully paid 1 11 g 222 Goldsbrough Mort (late sale Tuesday) 1 14 g N.C. 116 Goldsbrough Mort 400 Australian Founda1 14 j6 N.C. tion Invest., rights 0 0 2 N.C. 200 Matheson Minster, pref. 500 Booth, Macdonald 1 0 0 N.C. 0 6 0 4-3d 200 Broken Hill Props., ex rights 1 13 0 300 Broken Hill Props., rights 0 7 5 600 Electrolytic Zinc .. 370 N.Z. Forest Pro1 9 0 -1/1J ducts, ord., 2 sales 0 16 0 -+-8d 200 Norvic Shoes 0 14 0 100 Reid Rubber 200 Turnbull and Jones 1 0 3 +3d (late sale Tuesday) 1.17 3 N.C. 200 Turnbull and Jones 2 sales 1 17 3 N.C. 200 Whitcombe and Tombs 1 11 g 4-1/3 700 William Cable Holdings, 3 sales 1 13 0 N.C. 300 Wilsons Cement .. 100 Woolworths, Ltd., 0 15 4 N.C. rights 0 10 11 4-ld 400 Woolwbrths, N.Z., Properties, pref., cum div. ;. 1 3 7 4-2d m Sales Reported: Unliste 100 Tekau Knitwear .. 1 5 6 N.C.

CHRISTCHURCH QUOTATIONS Buyers. Sellers. N.Z. Govt. Stock— £ s. d. £ s. d. 3 p.c., 15/9/52-55 .. 100 5 0 — 3 p.c.. 15/12/53-56 .. — 98 12 6 3 p.c., 15/2/55-58 .. 96 10 0 — 3 p.c., 15/4/56-59 .. — 96 12 6 3 p.c., 15/11/57-60 .. 94 0 0 — 3 p.C., 15/8/59-61 .. 93 5 D — 3 p.c., 15/4/60-62 .. 93 10 0 — 3 p.c., 15/4/60-63 .. 92 10 0 — 3 p.c., 15/7/61-63 .. 92 0 0 — 3 p.c., 15/6/61-64 .. 91 10 0 — 3 p.c., 15/7/63-65 .. 90 10 0 — 3 p.c., 15/5/64-66 .. 90 12 6 — 31 p.c., 15/9/57-60 .. 96 15 0 — 31 p.C., 15/1/53-57 .. 98 0 0 — 32 p.c., 15/5/62 98 10 0 — 4 p.c., 15/6/52-55 .. 100 17 6 — 4 p.C., 31/5/54-58 .. Banks100 10 0 101 0 0 Adelaide .. — 1 12 6 Aust, and N.Z. .. — 1 16 6 «B” .. •• — 1 19 0

Buyers. Sellers. Comm, of Aust. .. £ s. d. 0 17 0 £ p. d. 0 17 1 E., S., and A. 6 8 0 Nat. of A’asia, £1 1 11 0 1 12 0 National of N.Z. .. 5 4 0 N.S.W. 33 10 0 mm Breweries— Ballins. ord. 16 3 17 6 Pref. 12 0 New Zealand 2 9 3 Tui 14 6 Westland .. 1 15 0 Frozen MeatCanterbury 24 5 0, Pref. N.Z. Refrig., 20s .. 7 5 0 2 7 3 2~7 6 1 3 O 1 3 3 Nth. Canty., pref. 12 6. Southland, x.d. 4 19 0 Gas— • Auckland 0 6 0 0 6 3 Christchurch 10 0 10s paid .. 0 9 9 0 10 3 Timaru 17 0 Wellington .. 10 6 1 ~1 3 Insurance— South British 3 2 9 Standard .. 5 0 0 Loan and Agency— C.F.C.A., ord. .. 1 11 3 .Pref. .. .. 3 0 6 - Credit and Fin. .. 13 0 Dalgety "A” 0 12 9 "B” .. .. 0 12 9 Goldsbrough. Mort 1 14 6 1 15 6 Nat. Mortgage “A* 1 14 6 1 15 6 “B” 2 6 0 — N.Z.F. Co-op., 1st pref., c.d. 0 15 0 "A” pref., c.d. .. 0 14 3 0 15 3 “B” pref., c.d. .. 0 14 3 0 15 3 4J p.c. Stk., ’60 .. 97 0 0 General Finance .. 0 15 0 N.Z. Guarantee .. 0 2 4 __ Perm. Invest. 11 17 6 S.I. Finance 1 10 0 1 12 0 Winch., Carson .. 1 18 0 Wright, Stephenson. bonus mm 2 0 6 ShippingNorthern 0 13 9 Union, pref. 16 6 17 0 Timber— Kauri ISO Woollens— Bruce 2 3 6 Matheson, Mln. 0 10 0 o ii 3 Pref. 0 19 9 Kaiapoi, 17s pd. .. 17 0 18 6 Korma Text., pref. 0 19 6 Manawatu 3 16 6 Mosgiel 3 7 0 Oamaru 2 6 0 Miscellaneous— Alloy Steel (N.Z.) 2 2 0 2 10 0 Amalg. Batteries .. 17 3 Andersons. 1st pref. 12 0 - Aulsebrooks, pref. 14 0 Avon Metal 0 5 0 0 10 0 Be h and Co., c.d. 2 13 6 2 15 0 Booth, Macdonald 0 5 6 0 6 0 Broken Hill Pty., x.r. .. 1 13 4) 1 13 6 Rights .. .. 0 7 3 Canty. Roller Flour 0 17 0 Colonial Sugar 35 10 0 36 0 0 Dom. Builders 0 11 0 0 12 3 Dunlop Rubber .. 16 0 Dunlo© N.Z.. pref. 0 17 3 __ Electro. Zinc., ord. 19 0 19 3 Pref. 16 9 Fletcher Holdings 2 2 6 *'B” pref. 1 1. 3 G. J. Coles 0 15 4 Greater Crystal .. 116 14 0 Humes (N.Z.), pf. 13 0 I.C.I., A., N.Z. .. 19 7 19 3 J. Gadsden 1 11 0 J. J. Niven 2 3 0 McCaskey. pref. .. 0 18 0 Milburn Lime, c.d. 1 10 3 .1 10 9 M.K. Manufac. 0 14 6 Morris Hedstrom .. 2 6 0 N.Z.F. Fertiliser .. 2 0 4 Pref. 15 0 N.Z. Forest Prod. 0 15 10 0 16 1 N.Z. Ind. Gas. pref. 10 0 113 Norvic Shoes 0 14 0 Otago Daily Times 2 6 0 Pukemiro Colleries 1 13 6 Quill, Morris, 1936 13 1 Silknit .. 0 13 6 0 16 0 Simpson and Will. 3 2 0 Turnbull and Jones 1 17 6 Pref. .. 10 6 Topper, pf., c.r. .. 15 0 Whit, and Tombs 1 10 3 1 11 6 Wm. Cable, Hold. 1 13 0 Williamson Jeff, pf. 1 ~1 0 Wilson’s Cement ... 0 15- 5 W’worths, ord., c.d. 0 15 6 0 15 7 Rights .. 0 10 10 0 11 0 N.Z., ord. — 13 3 N.Z.. pf., c.d. .. 1 16 0 Pp., pf., C.d. 13 6 mm W. R. Cooke and Son 0 12 6 . . Mauri Bros, and Thompson 1 19 0 mM Mining— Grey River 0 2 9 1M— Snowy River 0 4 0 UNLISTED STOCKS Andrews and Beaven, pref. 10 6 Christchurch Press 12 5 0 mm Mackintosh, Caley, Phoenik 0 7 6 0 8 3 Lane, Walke-. Rudkin Industries .. 2 0 0 mm National Tobacco 0 15 0 Tingey, R. and E. 0 17 6 m— Prudential Building 0 19 6 Rink Invest. 15 0 MM Scales "C," pref. .. 0 8 0 0 10 0 Vibrapac 0 17 3 Tekau Knitwear «. ISO 16 0