COMMERCIAL

Press, Volume XCI, Issue 27583, 14 February 1955, Page 14

COMMERCIAL

STOCK EXCHANGES

WEEK’S ACTIVITIES REVIEWED (By Our Commercial Editor.) The Christchurch Stock Exchange was kept busy throughout last week. Prices remained firm and particular attention was paid to leading New Zealand shares. In Australia there was no appreciable movement in investment market* and speculative shares tended to lose. Details of the trading to each section of the quotations list, with the figures for the previous week in parenthesis, are as follows: Government loans, £7720 (£7600); local body and company debentures. nil (#2100; bank shares, 6044 (1016); breweries, 1230 (1040); frozen (400); ga». 70S (347); insurance, 650 (350); loan and agency, 970 (1493); shipping. 600 (nil); woollens, 2157 (nil); mtecelUmeous, 17,083 (9687); unlisted, 1100 (3650); total, 31,361 (18,282). Government securities enjoyed a moderate turnover with buyers outnumbering sellers. 1 Bank preferences eased to fight dealings at £6 2s 6d. New South SS?* wer e st ~~ dy ln u « ht ex dividend bustoew at £33 2s 6d. There was a J? eav y tU S n^Y er in National Bank of Ausrights. The palds after opening at 5s rose to sale* at 5s ♦ the contributing rights were

s ? ealan g Breweries, after sales at 4ta 6d, had better bu y«r» at the close. Baluns; sold unchanged at 28s. , contributtogs were firmer in sales at 7s Id. u Gaa rose sharply to trading at ™* S^? Insurance sold cum dividend Sod?'™ I ?.®'J 111 . 0 ® of £s ' NewZea-‘-ontmued to advance with sales and buyers at £6 16s. South British also in »pro ve d to sales at 62s 6d and 635. V A nc^ble Building Society had their busi for some time to sell at Parcel of New Zealand I? toe firS O 3SS rat, y e iP Preferences sold "’TP P n 9e of 14s Id. The ordinat i 4 S C 3d tinUed tO advance he traded were firmer when sold at re d S? r ? r ln the north. hS e m’ ed to ’ a,e3 at 238 SO. closed firmer. Tekau Knitwear sold a? at 10d * wlt h more wanted at the same price. Feltex (N.Z.) returned WalkS- SRJdk/n*™*/ 4 ® 6d ’ “ ‘MSe, Pyrenees at 23s 6d. hMvtfv 8 fmiscellaneous section were and c tr i a H ed \i7 CO , leS had sales St 15s and 15s Id. Woolworths, Ltd., were ♦* e i? d X. v* sales at 14s 6d and 14s 7d. BriV®* l /Tobacco had light business at 28s. «i n r foundation Investment, which SJ*2^ii tr S ed .locally, sold at 4s Bd. seff k S? Ms ll Propnetar y wer « steady to

n2L ay ?* Preferences were steady to busin?^Lat 22s 3d and more were wanted at the same price. J. Wattie Canneries were unchanged in business at 36s 9d. Gilson’s Cement changed Pir n- a V^?. e improved price of 14s 9d. William Cable Holdings continued to sell unchanged at 32s 6d. New Zealand News- £? ♦ l t crc when traded at 30s Fletcher Holdings C preference were ln hnsiness and buyers at 21s 6d. MUbum Lime had their first local business since the announcement of their new issue to sell at 31s 2d. Berlei Inwere firmer in dealings at 435. Reid Rubber ordinaries improved to sales * The Preferences were unchanged 6d. Aulsebrook preference contributings sold unchanged at 21s 3d. Frozen Products were firm in light business afc 7s 9d. Booth, Macdonalds rose sharply to sales at ss. Evans Atlas, which are infrequently traded, sold at 18s 3d. Whakatane ordinaries were fractionally better with business and buyers at 21s 6d. McLeod Bros, changed hands at toe steady price of 43s 3d. J. Gadsden preferences returned to toe sales list at 22s 3d, Kemptoome Prosser’s N.Z. Drugs advanced 2s 6d to sell at £6 12s 6d. New Zealand Paper Mills were traded unchanged at 31s 6d. Among the unlisted stocks Tasman Pulp contributtogs, after selling unchanged at 6s 9d, improved to business at 7s. CoryWright and Salmon ordinaries sold unchanged at 29s 6d. Canterbury Seed advanced to cum dividend sales at 30s 9d. COMPANY NEWS Quill Morris (1936), Ltd.—The directors recommend a final dividend of 9d a 10s share (6d last year), making a total payment of Is 3d as against Is toe previous year, payable March 9, ex March 2. Books will be closed from March 2 to 9, both inclusive. Snowy River Dividend.—The directors of the Snowy River Gold Dredging Company, Ltd., have authorised payment of a dividend of 5 per cent This is the tliirtieto dividend declared by the company. The payment will be made on March 2.—(F.0.0Jt.)