COMMERCIAL

Press, Volume XCI, Issue 27563, 21 January 1955, Page 12

COMMERCIAL

STOCK EXCHANGES

GOOD INQUIRY FOR MOST SECTIdNS

Business was comparatively light on the Christchurch Stock Exchange yesteraay, only one parcel changing hands on call. Among the reported transactions. Commercial Bank of Australia advanced strongly in a sale (cum div.) at 16s 9a. There was a good inquiry in most sections of the quotation list, but sellers were scarce. DOMINION TRANSACTIONS

AUCKLAND , , . Late Sales.—Wednesday: 500 Auckland Gas. 10s paid, 5s 9d: 100 N.Z. Insurance, £6 17s; 500 Goldsbrough Mort, 33s 6d; 210 Fletchers. 42s 6d: 900 Speedway Products, 255; 200 Wilson’s Cement, 14s 6d. Salef.—-Yesterday:. £lOOO 15/12/53-56, 3 per cent. £97 12s 6d; £5OO 15/2/55-58, 3 per cent., £97 10s; £3OO Amalgamated Brick (Auck.). 3/3/54-59. 5 per cent.,.£loo 12s 6d; 300 Commercial Bank Australia, 16s 9d; 125 N.Z. Insurance, £6 17s; 70 Feltex. N.Z., 33s 9d: 550 Alex Harvey. 325; 300 Ampol Petroleum, 15s 6d; 124 A.C.1., 37s 3d; 100 Dunlop, N.Z., pref., 17s; 50 Farmers’ Trading, 435; 200 Fletchers, 435, and, 100, “C” pref., 21s 9d; 300 John Chambers, 295; 200 J. Wattie Canneries, 36s 9d; 1400 Mason Bros., pref., 23s 6d; 120 M.K. Manufacturers, 12s; 100 Reid Rubber, 23s 3d; 100 Ross and Glendining, contrib., 20s 3d; 100 Wilson's Cement, 14s 6d; 125 Woolworths. Syd., 14s Bd. Unlisted: 124 Hellabys. 455; 100 Tasman Pulp, paid, 21s 4d. WELLINGTON Late Sales.—Wednesday: 54 Dominion Breweries, 88s; 100 N.Z. Insurance, £6 17s; 100 Dunlop, N.Z., 22s 3d; 900 Speedway Products, 255. Sales.—Yesterday: £2OO 3 per cent., May, 53-56, £9B 10s; £430 3 per cent., December, 53-56 (2 sales), £97 12s 6d; £7OO 3 per cent., 59-61 (2 sales), £94 7s 6d; £2500 3 per cent., 57-60, £94 2s 6d; £250 4 per cent.. 54-58, £100; 15 Bank of N.S.W., £33 10s; 80 Commercial Bank Australia, preference, cum, £6 12s 3d; 250 N.Z. Breweries, 475; 700 National Insurance (2 sales), 28s: 150 N.Z. Insurance (2 sales), £6 17s; 275 South British Insurance, 62s lid; 550 Alex Harvey (2 sales), 325; 1000 Frozen Products, 7s 6d; 400 Fletcher “C” preference (3 sales), 21s 9d; 1000 Frozen Products, 7s 6d; 100 J. Gadsden, N.Z., 295; 1100 G. J. Coles, 15s; 200 N.Z. Industrial Gases, preference, 20s 7d; 400 N.Z. Forest Products. 14s 2d; and, '2OO, 14s Id; 538 Northern Steam, 12s sd. DUNEDIN Sales.—loo N.Z. Refrigerating, contr., 25s 6d; TOO N.Z. Forest Products, pref., 19s; 100 Ross and Glendining, 37s 6a. Sales Reported.—£4oo N.Z., contr., 3% per cent., 15/5/62, £97 15s: 224 National Bank of N.Z., £5 3s; 610 Fletcher Holdings, (2 sales), 42s 6d; 500 John Chambers and Son, 295; 400 National Insurance, 28s; 400 Milburn Lime and Cement, 31s. INVERCARGILL Sales Reported.—£7oo 3% per cent., 1962. £97 15s; 401 M.K. Manufacturers, 12s 3d; £lOOO 33 per cent., 1962, £97 15s. OVERSEAS EXCHANGES SYDNEY Leading industrial stocks were irregular on the Sydney Stock Exchange yesterday. Oil prospecting shares were firm in a quiet speculative section, and the uranium section was easy. Sales.—A.N.Z. Bank, 45s 6d; Commercial Bank of Sydney, ex dividend, £2O; National Bank (20s paid), 40s 6d; Bank of New South Wales. £3B 2s 6d; Tooth, 86s 6d; Associated News, pref., 225; A.C.1., 46s 3d; Australasian :cer, 21s; British Tobacco, 34s 3d; Brol. ."Hill Proprietary, 40s 3d; Burns, Philp. 56s 6d; Colonial Sugar, £4O 7s 6d; Electrolytic Zinc, 395; 1.C.1., 38s 9d; New Zealand Forest, 17s 4}d; Mount Morgan, 24s 9d; New Guinea Goldfields, 2s; Mount Lyell, 20s 6d; Consolidated Zinc, 60c; Mount Isa, 60s; New Broken Hill, 48s 9d; North Broken Hill, 90s; Ampol Petroleum, 18s 9d; Ampol Exploration, paid, 30s; Freney, 5s 3d; Longreach. Is 3Jd; Oil Search, 16s lid; Associated Freney, 7s lid; Australasian Oil Exploration, 7s 4d; North Australian Uranium Corporation, 19s; Northern Uranium Development, 6s 3d; Rye Park, is 4d; Uranium Development, 14s sd; Uranium Mines, 6s; Huddart Parker, 53s 6d; Anthony Hordern, 30s lid; Drug Houses, 33s 3d; Dunlop, 355; Felt ajid Textiles, £3 0s 9a: G. J. Coles, 18s 9d; Goldsbrough, 425; Gordon and Gotch, 19s; Taubmans, 17s 9d; Woolworths. 18s. MELBOURNE Trading expanded in the investment section and turnover was heavy in selected stocks. Most price variations were small, but rises well exceeded falls. Trading in mining stocks was quiet and prices moved variably in all sections:— , Isa - 60s * New Broken Hill, 495; North Broken Hill, 89s 6d; Uranium Development. 14s lid; Uranium Mines, 6s 3d; Emperor Mines, 15s; Mount Morgan, 24s lOd; Ampol Exploration, 295; Oil Search 16s sd; E., S., and A. Bank, £8 Is; Goldsbrough, 41s lid; Ampol, 18s 3d. and, pref., 20s; Associated Pulp, 25s 4 A d b?T nd, n, ss P? ld - 8s 2d = A.C.1., 46s 6d; n An ls x,^ d ’ Bradford Cotton, 425; 8.H.P., 40s 6d, and, 6s 8d cap. paid, 18s; Courtaulds, 19s; Drug Houses, 33s 3d; E1 T Zinc ' 39s ' and - P r ef.. 36s lOd, G. J. Coles, 18s 9d; Gordon Gotch. 19s 3d; Herald, 18s 3d, and, 6 per Pref.. 2 2s 3d; Humes, 58s; 1.C.1., A., Kau ri Timber, 34s 6d; Myer, 9s; Pa ‘° ns ’ Baldwins .

CHRISTCHURCH Sales on ’Change—Listed Stocks £ s. d. Var’n. 400 G. J. Coles and Co.. Ltd. 0 15 2 —Id Sales Reported—Listed Stocks £700 N.Z. Govt.. 3 p.c. Stock, 1959-01 94 7 6 — 300 Commercial Bank of Australia, cum div. 0 16 9 4-6d 15 Bank of N.S.W., cum div. .. 33 10 0 N.C. 200 Broken Hill Props. 1 13 0 N.C. 100 J. Watties Canneries, late sale yesterday 1 16 9 N.C. 1400 Mason Bros., pref. 1 3 6 100 McKenzies 1 1 0

CHRISTCHURCH QUOTATIONS N.Z. Govt.— Buyers. £ s. d. Sellers. £ s. d. 3 p.c., 15/9/52-55 .. 99 17 6 3 p.c., 15/5/53-56 .. 98 10 0 3 p.c., 15/12/53-56 .. 97 12 6 3 p.c., 15/2/55-58 .. 97 5 0 97 10 o 3 p.c., 15/4/56-59 .. 95 15 0 3 p.c., 15/8/59-61 .. 94 10 3 p.c., 15/7/61-63 .. 91 10 0 92 0 3 p.c., 15/6/61-64 .. 91 0 0 91 10 « p.c., 15/7/63-65 .. 91 0 U 3 p.c., 15/5/64-66 .. 90 15 0 34 p.c., 15/9/57-60 .. 96 0 o 3J p.c., 15/5/62 .. 97 15 4 p.c., 31/5/54-58 .. 100 ~0 0 3J p.c., 15/9/65 .. 96 0 0 32 p.c.. 15/6/59-60 .. 99 10 Banks— Comm, of Aust., c.d. E., S., and A. 0 16 6 4 7 o 0 16 9 Nat. of A’sia (£1) 1 12 National of N.Z. .. 5 2 0 N.S.W., c.d. Breweries— Ballins, ord. 1 7 9 Pref 1 0 6 New Zealand 2 7 0 Frozen MeatCanterbury ., Pref. 7 5 0 26 10 0 N.Z. Refrig. 10s Nth. Canty., pref. Gas2 8 1 5 1 2 0 2 6 2 8 1 5 6 Auckland Christchurch 0 17 Wellington Pref Insurance— — * e 6 Queensland 2 10 New Zealand, c.d. 6 16 South British 3 2 Standard 4 15 Loan and Agency— Chch. Building Dalgety, "A” 16 15 0 11 0 — “B” Goldsbrough, Mort’ 0 11 1 12 1 6 — N.Z.F. Co-op. 1st Pref. 0 13 0 14 10 7 “A” pref. 013 6 “B” pref. 0 13 6 4J p.c. Stock, 1965 96 15 o Perm. Investment 12 5 o Wright. Stephenson, 15s pd. 1 15 Shipping— Huddart Parker, pf. Union, pref. Timber— 0 18 1 5 6 0 0 19 1 5 3 7 Putaruru, new, pf. Woollens— 1 0 0 — Bruce 6 Feltex, c.d. Lane. Walker, pf. 1 3 Miscellaneous— Alloy Steel (N.Z.) Amal. Batt. Ampol Andersons, 1st pf 1 11 3 2 9 0 16 0 0 Andrews and Beaven, pref. 1 0 Aust. Found. Invest. 0 4 3 Aulsebrooks, pref. 1 3 0 10s paid Avon Metal 0 12 3 0 12 Beath and Co. 2 15 0 Is paid Beggs 1 0 2 8 6 o — Berlei (N.Z.) 2 3 Booth. Macdonald 0 4 o Broken Hill Pty. 1 12 9 1 13 Claude Neon N.Z. 2 11. Colonial Sugar 32 15 0 33 15 Coulls Somerville .. 1 13 0 Courtaulds 0 15 Dorn. Builders 0 11 5 Donaghy’s Rope .. . .. 2 5 0 D.I.C., pref. 1 3 3 Dunlop, N.Z., pf. 0 17 6 Electro. Zinc, ord. 1 10 6 Evans Atlas 0 17 9 Fletchers 2 2 0 Frozen Products .. 0 7 6 0 8 0 G. J. Coles 0 15 0 0 15 2 Greater Crystal .. 1 2 0 Hay’s, pref. 1 2 0 1 ~2 Hay’s 3 6 6 Gordon and Gotch 0 15 Hellabys, pref. .. 1 3 0

J. J. Niven Buyers. £ s. d. Sellers. £ s 2 9 d. 9 K.P. Drugs __ 6 12 0 J. Watties 1 16 6 Mas., Struthers, £1 paid 1 13 3 14s paid 1 1 0 10s paid 0 15 4 — Mason Bros., pf. .. __ 1 3 9 McKenzies 1 1 3 Midland Mot., pf. 0 19 6 1 0 3 Milburn Lime 1 10 6 McCaskey, pref. .. 0 18 3 Mauri Bros. 1 16 6 N.Z. Forest Prod. 0 14 0 0 14 3 Pref. 0 18 6 0 19 6 N.Z. Indust. Gas., pref. 1 *1 o N.Z. Paper Mills 1 11 0 Norvic Shoes 0 12 6 Reid Rubber 12 9 1 3 s Ross and Glendining, con. 1 0 10 Turnbull and Jones 1 17 6 Weeks, pref. 1 3 o Whakatane, ord. .. 6 Pref., new 110 Williamsoq Jeffery 1 3 0 Wilson’s Cement .. 0 14 7 Woolworths, ord. .. 0 14 8 0 14 10 (N.Z.). ord. 1 0 9 , (N.Z.). pf. 1 15 0 W. R. Cooke and Son 0 14 0 Overseas Listings— W’worths.. S.A. 0 12 0 Aust. Mining— Mount Lyell 0 16 3 Mount Morgan 0 19 0 1 0 0 Mining— Grey River 0 2 9 —