COMMERCIAL

Press, Volume XCI, Issue 27564, 22 January 1955, Page 10

COMMERCIAL

STOCK EXCHANGES

HEAVY TRADING AT CLOSE OF WEEK

Sales of shares listed in the miscellaneous section of the quotation list exceeded in volume the business written in this section for the first four days of the week on the Christchurch Stock Exchange yesterday. Only two transactions were recorded on ’change, but a good volume of business, spread over several sections, was reported. Most parcels changed hands at unaltered prices, but G. J. Coles, in four transactions, fell by 2d to 15s. WoolwOrths, Ltd., also eased to sell at 14s Bd. National Insurance made a good gain in a sale at 28s.

AUCKLAND Thursday: £4OO 3 per eent., £94 7s £ls °o 3 per cent., jVVOO-62, £93 ss; £lOOO 3U per cent.. 15/5/62, £O7 15s; 15 Bank N.S.W. (Sydney rfg-l. £3l 12s 6d; 400 Ampol Petroleum, Iss 6d; -1000 Mason Bros., prel., 23s 6d: 30 Farmers* Fertiliser. 40s. Yesterday: 3 per cent - 15/9/52-55. £9O 12s 6d; £l5OO 3 per cent.. 15/5/53-56, £96 10s; 3 P er cent -. 15/12/53-56, £O7 12s 6d; £2OOO 3 per cent., 15/4/60-62, £93 ss; £6OO 3 per cent., 15/5/64-66. £9O 10s; 101 Nat. Bank H.Z., £5 3s; 50 Dominion Brew., SBs; 515 M.Z. Breweries, 47s‘ 6d; 100 N.Z. Insurance, £6 16s 6d; 200 Feltex. Aus., 255: 200 Ampol Petroleum, 15s 6d: 200 A.C.1.. 37s 6d; 400 B.P. Pty., 32s 9d; 500 Fletchers, 435; 500 Coles, 15s; 500 John Chambers, 295; 100 Forest Prods., 14s, and 100, 13s lid; 200 N.Z. Newspapers, 30s 6d; 200 Reid Rubber, 23s 3d; 100 Ross and Glendining, contrib., 20s 3d. Unlisted: 300 Auck. Farm. Freezing. 23s 3d; 250 Tekau Knit, pref., 21s. WELLINGTON Thursday: 200 8.H.P., 335; *OO Coulls, Somerville, Wilkie. 34s 6d; 200 J. Wattie Canneries. 36s 9d; 100 McKenzies, 21s- Yesterday: £2OO 3 per cent., 55-56, £97 10s; £l2OO 3 per cent, 62-64, £9l; £9090 3% per cent., 1962 (2 sales). £97 15s; 100 Ballins Breweries, pref., 20s Jd; 250 'N.Z. Breweries. 47s 6d; 400 Dalgety ”B,” Us 4Jd; 1000 Dalgety “A,” Us 4’/ a d; 200 General Finance. 13s; 100 N.Z. Farmers’ Co-op.. Canterbury, first pref., 14s 9d; 350 Huddart Parker, oref., ex div. (2 sales). 18s 9d; 200 Dunlop. N.Z., pref., 17s; 100 Fletcher Holdings, 435; 300 Fletcher Holdings (2 sales), 42s 9d, and 500 *‘C” pref.. 21s 9d; 500 G. J. Coles (2 sales). 15 o ; 300 J. Wattie Canneries, 36s 9d; 300 McKenzies. 21s; 60 Milne and Choyce, 575; 100 N.Z. Forest Products, 14s, and 3GO pref. (3 sales). 19s Id; 100 Reid Rubber, 23s 3d; 500 Turnbull and Jones, pref., 22a; 450 Woolworths, Ltd. (2 sales), 14s 9d. Unofficial: 200 Matea Forests, 2s 9d. Sales Reported.— -500 Ampol Petroleum, 14s 6d; £lOOO 3 per cent., 60-63, £92 17s 6d; £lOOO 3J per cent., 1959, £99 7s 6d.DUNEDIN Sales.—£2oo 3 per cent., 15/2/55-58, £97 10s; £250 3 per cent., 15/11/57-60, £94 2s 6d; 300 G. J. Coles (2 sales), 15s; I£s Ross and Glendining. 37s 6d; 5 Bank of N.S.W.. £33 10s; 300 Wilsons N.Z. Cement (2 sales), 14s 6d; 250 Woodworths, Ltd., 14s Bd.

Sales Reported.—£s3o 3 per cent., 15/11/57-60, £94 2s 6d; £250 3 psr cent., 15/8/59-65. £94 7s 6d; 300 National Insurance. 28s; 300 Coulls. Somerville, Wilkie, 34s 6d; 200 McKenzies, 21s: 100 Woolworths. Ltd., 14s 8d; 100 Fletcher Holdings, “C” pref., 21s 9d; 200 Fletcher Holdings. ord.. 42s 9d, and 500 at 435; 300 John Chambers and Son, 295.

INVERCARGILL . Sales Reported.—4oo Milburn Lime. 31s; £2OO 3 per cent.. 52/55. £99 10s; £250 64 per cent.. 1962, £97 15s.

OVERSEAS EXCHANGES SYDNEY

Investment shares closed the week on an easier note on the Sydney Stock Exchange yesterday. Speculative shares continued quiet. Sales.—Commercial Bank of Sydney, ex div., £2O; Commercial Bank of Australia, 20s 4‘,'jd; Bank of New South Wales, £3B ss; Tooheys, 32s 3d; Tooth, 86s 6d; Associated News, 23s 6d; Anthony Hordern, 30s 3d; A.C.1., 46s 3d; Australasian Paper, 21s iy a d; Bradford, 41s 9d; British Tobacco, 34s 3d; Broken HUI Proprietary, 40s 6d; Burns Philp, 575; Colonial Sugar, £4O 10s; Dunlop, 34s 10fed; G. J. Coles, 18s 9d; Woolworths, 18s 3d; New Guinea Goldfields. 2s; Mount Lyell, 20s 9d; Mount Isa, 60s; North Broken Hill, 90s; South Broken Hill, 71s 4%d; Ampol Petroleum, 19s l%d; Ampol Exploration, 31s 6d; Lon§reach. Is 6d; Oil Search, 16s; Associated Freney, 7s 6d; Australasian Oil Exploration. 7s 4d; North Australia Uranium Corporation, 18s 6d; North Uranium Development, 5s lid; Rye Park, Is 3d; Uranium Development, 14s; Uranium Holdings, 2s; Uranium Mines, 6s Id; David Jones, 56s 9d; Drug Houses, 33s 3d; Electrolytic Zinc, 39s 3d; Email, 15s ?y a d. MELBOURNE Prices were firmer in a. strong investment section. Trading volume expanded and turnover in selected stocks was heavy. Silver-lead stocks were active and firmer, but uranium and gold were weaker. Oil moved variably in quiet trading. Sales.— Broken Hill South, 71s; Consolidated Zinc, 60s; Mount Isa. 60s 6d; Mount Lyell, 21s; New Broken Hill, 48s 9d; North Broken Hill, 90s; North Aust. Uranium, 18s 6d; Uranium Development, 14s 6d; Uranium Mines, 6s; Mount Morgan, 24s 6d. and pref., 13s; Ampol Exploration, 31s 6d; Oil Search, 16s; Commercial Bank. 20s 4d; Goldsbrough, 42s 9d; Carlton Brewery, 40s 3d; Awa, 43s lOd; Ampol. 18s 9d, options 3s fid, and pref., 20s; Associated Pulp, 25s fid, and 5s paid, 8s 2d; A.C.1., 45s 9d; Aust. Iron and Steel, pref., 26s 6d; A.P.M., 21s 3d, and pref., 20s 4d; Bradford Cotton, 425; British Tobacco. 34s 3d; 8.H.P., 40s 9d, and 6s 8d capital paid, 18s Id; Courtaulds, 19s 2d; Drug Houses, 33s 3d; Dunlop. 34s Bd, and. pref., 365; Electro Zinc. 395; Felt and Textiles, 30s 9d; G. J. Coles. 18s 9d; Gordon and Gotch, 19s 4d; Herald. 18s; Humes, 60s; 1.C.1.. A, N.Z., 395; Myer, 13s 10a; N.Z. Forest, 17s Id; Olympic, 9s; Woolworths, 18s.

DOMINION TRANSACTIONS CHRISTCHURCH Sales on ’Change—Listed Stocks £ s. d. Var’n 150 Midland Motors 1 0 0 N.C. 200 Woolworths, Ltd., ord. 0 14 8 —Id Sales Reported—Listed Stocks £300 N.Z. Govt. 3 p.c. Stock. 64-66 90 15 0 £5500 N.Z. Govt. 3’4 p.c. Stock, 15/5/62, 2 sales 97 15 0 100 Ballins Breweries, pref. 200 NJZ. Refrig., paid, 1 0 9 —3d c.d. 2 8 0 N.C. 300 National Insurance 1 8 0 +9d 100 N.Z. Farmers’ Coop., 1st pref. 250 Huddart Parker, 0 14 9 — pref. 0 18 9 200 Amalgamated Wireless (late sale Thursday) 1 17 3 300 Electro. Zinc, ord. 1 11 0 — 2100 G. J. Coles, 4 sales 0 15 0 —2d 900 Humes, Ltd. 2 7 6 100 Gordon and Gotch 0 15 6 __ 1000 Mason Bros., pref. (late sale Thurse day) 1 3 6 N.C. 500 N.Z. Forest Products 0 14 2 N.C. 500 Wilson’s Cement 0 14 6 100 Woolworths, Ltd. (late sale Thursay) • • ■' 0 14 9 N.C. 200 Woolworths, Ltd. 0 14 8 —Id _ _ Sales Reported—Unlisted Stocks 1000 Tekau Knitwear, ord., c.d. 1 5 6 N.C.

CHRISTCHURCH QUOTATIONS Buyers. Sellers. £ s. d. £ s. d. N.Z. Govt.— 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 12 6 3 p.c., 15/8/59-61 .. — 94 7 6 3 p.c., 15/7/61-63 .. — 92 0 0 3 p.C., 15/6/61-64 .. — 91 7 6 « p.c., 15/7/63-65 .. 91 0 0 — 3 p.c., 15/5/64-66 .. 90 15 0 —- 31 p.C., 15/9/57-60 .. — 96 7 6 4 p.c., 15/6/52-55 .. 100 0 0 3% P.C., 1962 —— 97 17 6 3% p.c., 1959 3’4 p.c., 1974 96 0 0 99 7 6 3} p.c.. 15/6/59-60 .. — 99 10 0 Local Body Debs.— Chch. Drainage, 4 • p.c., 20/10/67 — 99 10 0 Banks— Comm, of Aust., c.d. 0 16 7 0 16 9 Pref., c.d. — 6 15 0 E., S., and A. 6 3 6 — — Nat. of A'sia. £1 —— 1 15 0 National of N.Z. .. 5 3 6 — N.S.W., c.d. •— 34 0 0 Breweries — Ballins. ord. —— 1 8 3 Pref 1 0 8 New Zealand 2 7 6 — Frozen Meat— Canterbury .. __ 26 10 0 Pref. . 7 5 0 — N.Z. Refrig. 2 8 3 10s 1 5 3 — Nth. Canty., pref. 1 2 6 —» GasAuckland — 0 6 0 Christchurch 0 17 0 0 18 0 Timaru 1 9 0 —— Wellington — 1 2 6 Insurance— F.A.MJJ. 1 8 0 — Queensland National 2 11 1 8 6 0 New Zealand, c.d. 6 17 0 South British 3 2 3 Standard 4 16 0 Loan and AgencyCredit and Finance Chch. Building .. 1 3 1815 6 0 •• General Finance ./ 0 15 0 Go Idsb rough, Mort 1 12 9 —— Nat. Mort. “A” 0 11 8 0 12 6 “B” ** 3 0 0 N.Z.F. Co-op. 0 13 9 »— 1st pref. .. 0 14 9 0 15 0 “A” pref. 013 6 "B" pref. 0 13 6 4i P.C. Stock, 1960 97 0 0 Perm. Investment 12 5 0 —

Buyers. £ s. d. Sellers. £ s. d. Wright. Stephenson, c.d. .. -. 2 3 0 ■ ■ ■ Pref., c.d. 13 0 14 0 15s pd. .. 1 15 8 — Shipping— Hud. Parker, pf. 0 18 6 —■ Northern 0 12 0 — P. and O. 3 8 0 — Union, pref. 15 0 15 6 Timber— Putaruru, pf., new. 10 1 — Woollens— Bonds 3 4 0 MM Bruce 2 5 0 Feltex 1 4 10 15 1 N.Z. 1 12 0 —• Lane. Walker, pf. 13 0 14 0 Miscellaneous— Alloy Steel (N.Z.) —- 2 9 0 Amal. Batt. 1 11 3 Ampol Andersons, 1st pf. 0 15 3 12 0 0 15 9 Andrews and Beaven, pref. 10 3 MM. Aust. C.I. 1 17 3 1 18 3 A.W.A. — 1 18 0 Avon Metal — 0 10 0 Beggs 2 8 0 — Berlei (N.Z.) — 2 3 6 Booth Macdonald 0 4 0 — Brit. ’Tobacco 16 9 18 3 Broken Hill Pty. 1 13 0 1 13 1 Contr. 0 14 0 ——— Claude Neon NJZ. — 2 11 6 Colonial Sugar 32 17 6 — Coulls, Somerville 1 14 0 — Courtaulds 0 15 3 — Dom. Builders — 0 11 6 Donaghy’s Rope .. 2 3 6 2 5 0 D.I.C., 10s paid 14 3 •— Pref 13 0 Electro. Zinc, ord. 1 10 6 — Evans Atlas 0 17 9 — .Fletchers Hold. 2 2 6 m— “C” pref. — 1 1 11 Frozen Products .. 0 7 6 0 8 0 Gordon and Gotch — 0 15 9 G. J. Coles 0 15 0 0 15 1 Greater Crystal .. 12 0 — Hellabys, pref. 13 0 — Hay’s 3 6 6 — Hay’s, pref. 12 0 12 3 Humes — 2 8 0 J. J. Niven — 2 9 9 K.P. Drugs 6 9 0 6 11 0 Mauri Bros. — 1 16 6 Mas., Struthers, £1 paid 1 13 0 MM. 10s paid 0 15 3 — * McCaskey, pref. .. —— 0 18 0 McKenzies 113 Midland Mot., pf. 0 19 9 MM Milburn Lime 1 10 6 MM N.Z. Forest Prod. — 0 14 3 N.Z. Indust. Gases ___ 110 R. and E. Tingey, pref. — 16 6 Quill Morris 1 3 3 Reid Rubber —m 13 6 Ross and Glendiriing — 110 Turnbull and Jones 1 17 9 — Pref. —— 12 3 Weeks, pref. mm 13 0 Whakatane, ord. .. mm 116 Pref. 116 Wm. Cable .. mm 1 13 0 New, 5s paid — 0 16 9 Wilson’s Cement .. 0 14 5 0 14 6 W’worths, ord. 0 14 8 0 14 9 (N.Z.). ord. — 110 (N.Z.), pf. 1 15 0 W. R. Cooke and Son 0 14 0 Aust. Mining— Mount Lyell 0 16 3 MM Mount Morgan 10 0 Mining— Grey River 0 2 9 MM Snowy River — 0 4 0 UNLISTED STOCKS Beaths, Is paid, 19s dep. Buntings 1 19 9 19 6 110 6 Canty. Seed 1 10 0 — M Chch. Press 12 2 6 MM Cory-Wright and Salmon, pf. — 12 6 Putaruru Timber, 5s paid — 0 9 0 Matea Forests — 0 2 9 Mt. Cook Tours .. 0 9 6 0 12 0 M. O’Brien 2 0 0 2 13 8 Nelson Fisheries .. 1 15 0 2 5 0