COMMERCIAL

Press, Volume XCI, Issue 27586, 17 February 1955, Page 17

COMMERCIAL

STOCK EXCHANGES NO QUOTABLE CHANGE IN MARKETS Turnover was well maintained on the Christchurch Stock Exchange yesterday. No quotable change in markets was observed and price rises outnumbered falls. In a word, the general tenor of markets remained undisturbed. DOMINION TRANSACTIONS CHRISTCHURCH

_ , AUCKLAND p»v 1 i S £7 L ?i£ Tuesday: 126 Broken Hill f&n 5-Z9/R2° co H n mes - 48s 3d - Yesterday: £950 15/2/55-58, 3 per cent., £96 10s; 100 « of 16s; 140 National m c «?- P aid 5s 4d; 48s 6ri t 33l 100 N<Z - Breweries, Bd ’ n N.Z. Insurance, £6 17s; 300 South British, 62s 6d; 144 F.A.C. (£5 9?n d « £?’ ?°L Devonport Ferry,' 27s 9d; udd ?o t rE ark . er> 448 9d J 200 Alex. 190 AC I -37 s 9d; 500 S? k » n 111,1 33s 3d : 1000 D.1.C.. 255; 100 Farmers Trading. 43s 3d; 96 N.Z. n^ n \nn e KT ‘*u r ’ 40s; 105 Forest Products, * 4s ’ ??? Nor* ll6 ™ Roller, 45s 6d; 150 Ross and Glendinihg, 36s 9d, and 1033 375; 500 I?PP® ♦ H i°J di « n J s ’ 5s 7d: 500 Wilson’s nol^Pt’.. 148 8d; 500 Woolworths (N.Z.), 20s 9d. Unlisted: 200 Johns Burns, 525.

o , WELLINGTON S® le n 7' La n t £> T “ e ? da y : 100 Ballins Brew.2BiS,m 2 2P Wright, Stephenson, cont., 35s 6 d, 100 Farmers’ Trading, 43s 3d; 200 N.Z. Forest Products, pref., 19s. Yesterl a in : /v£ 15 ?? 3 per cent - 59 “ 81 « £93 2s 6d : £lO,OOO 3? per cent., 1959, £99 7s 6d; £ 2 ® 9 » J 96 - £9B ’ 70 A - and N.Z. Bank, r* 37B 109 Dorn,n!on Breweries, 89s; I? 9 £: a r Meat, 2te; 200 Broken Hill Pty., 33a 6d; 10001 D I C., 255; 124 Electrolytic Sr. C Ann ? ls^: 100 Fletcher Holdings. *3s 400 G. J. Coles, ex div., 14s lOJd; 200 14s 2? d ’w and 790 < two sales) 15s; 500 J. an « e J ie s. 36s 9d: 600 J - J- Niven, N ’& F r orest Products. 14s Id; 600 Woolworths, Ltd., 14s Bd.

e , DUNEDIN Sal« s -—.SO Chas. Begg. 525; 150 Wool- £,° rth ,&, ’i?- 20s Bd L l«0 Mt. Lyell, 19s S’ , 100 .? oss , .- nd Glendining. 375; 700 Woolworths; Ltd. (two sales), 14s 7d. Sales Reported.—26B National Bank of A asia.. cont., rights, 3s; 100 N.Z. BrewS‘ es ' ?, RS .JS : 300 Nz - ReJrig.. Paid, 48s 3d, and 250 cont. 24s Od; 200 Southland frozen Meat, 625; 200 South British Insurmc,e'K62s4d;J?<’° DJC.. pref., 23s 6d: 200 Fletcher Holdings, ord., 435.

OVERSEAS EXCHANGES SYDNEY Le^5 iin ?. stocks were variable on the Sydney Stock Exchange yesterday. Oil shares were quieter, otherwise the market generally was steady. Rt, ! L a i! eS xT A^ tra l ia and New Zealand Bank, 45s 3d; Commercial Bank of Syd- ? e3 i’- 5s L Commercial Bank of Australia. 20s; Bank of New South Wales, tw.S! V *’ x 6d: To °heys, 32s 3d; Tooths. 57s 9d; Associated Newspapers, i Gs: A - Horde rn, 31s; A.C.1., 475: Aust, e Bf’L Manufaeturers, 225; Bradford. 425; British Tobacco. 35s 3d; Broken Hill Proprietary, 40s 6d; Burns. Philp, 57s 9d; Colonial Sugar, £4O ss; David Jones. 575; Drug Houses. 33s 6d; Dunlop, 35s 6d; Elect ~ Z . inc ’ 40s: Felt and Textiles, 30s; G. J. Coles, 19s 4Jd; Goldsbrough. 43s 6d; IC ! ex div.. 38s 10|d; Mort’s Dock. 20s 6d, Taubmans, 17s 6d; Woolworths. 18s; Mount Morgan, 26s 6d; New Guinea Goldfields. 2s; Peko, 7s 3d; Mount Lyell, 23s 6d; Consolidated Zinc, 60s Id; Mount Isa, 665; South Broken Hill, 72s 6d; Ampol 18s ’ Am P ol Exploration. 28s 9d; Oil Search. 14s 4d.

Trading was again active in the investment section at Melbourne yesterday, and a firm tone was recorded. An easier trend was displayed in the mining section. and turnover was moderate. Sales.—Broken Hill South. 73s 3d; Mount Sales.—Broken Hill South, 73s 3d; Mount Isa, 66s 3d; Mount Lyell, 23s 8d; New Broken Hill, 47s 9d; Emperor, 15s 3d; Mount Morgan, 26s 9d; Ampol Exploration, 30s 3d; Oil Search, 12 s ’ S -’' and A - Bank, £8; Ampol, 18s; Options, 4s Id; Associated Pulp, 26s 3d; A.P.M., 22s 2d, and pref., 20s lid; Bradford Cotton. 41s 6d; Broken Hill Proprietary, 40s 6d; Drug Houses, 33s 6d; Dunlop, 35s 9d; Electro. Zinc, 40s 3d, and pref.. 39s 6d; G. J. Coles, 19s 6d; Herald, 18s 7d; Hume Ind., 22s 6d; Humes, 625; 1.C.1., A., N.Z., 38s lOd, and pref., 19s; Myer, 14s 3d, and pref., 32s 3d; Olympic, 9s Id; Woolworths, 18s 2d.

LONDON A. and N.Z. Bank, sale, 36s 9d; Commercial Bank of Australia, buyer 15s 6d, seller 16s 6d; E., S., and A. Bank, sale, £6 Is 3d; Bank of New South Wales, buyer £3l, seller £32; British Tobacco, buyer 26s 3d. seller 27s 3d; Goldsbrough, Mort, buyer 33s 6d. seller 34s 6d; Dalgety, sale, Ils 4Jd; National Bank of New Zealand, sale, £5 10s; Dalgety, 1955-70, buyer £96, seller £9B; N.Z. Loan and Mercantile, 4 per cent, debentures, sale, £B3 10s, and ordinary stock, buyer 27s 6d, seller 28s 6d; P. and O. Deferred, middle price, 69s 6d; Broken Hill North, 76s 3d; Broken Hill Proprietary, 32s 7Jd; Consolidated Zinc, 49s 6d; New Broken Hill, 38s 6d; Mount Isa, 51s 9d.

Sales on ’Change Listed Var’n £1,000 N.Z. Govt. 3% 390 National Bank of A’asia, fully paid, rights, 3 sales .. 0 5 4 N.C. 400 National Bank of - A’asia., Ltd., contr rta. .. 350 N.Z. Refrigerating, contr., 2 sales 100 D.I.C., pref. 200 G. J. Coles, ex * 0 3 1 —Id 1 4 9 N.C. 100 N.Z. Breweries .. 2 7 4-4d 4-ld Sales Reported, £500 N.Z. Govt. Stock, p.c., 1953-57 .. £10,000 N.Z. Govt. Stock, Listed 98 12 6 — „„„ 3% P C ’ 1959 99 7 6 £2,000 Auck. Drainage, 4 . P.C., 8/9/67 115 A. and N.Z. Bank (London register) 1 16 3 — 100 Dominion Breweries 50 N .Z. Breweries .. 4 2 9 8 0 ■ild 300 N.Z. Refrigerating, 20s paid 2 *8 3 4-3d 1 J 9 Mutual Benefit 157 N.Z. Farmers’ Co500 <£'ulls, Somerville, 0 14 3 N.C. late sale Tues- ... gay .. 1 14 9 400 G. J. Coles, ex div. 50 Hays, Ltd. 600 J. J. Niven 96 N.Z. Farmers’ 0 3 2 15 0 8 0 8 101 4-2d Fertiliser 100 Woolworths, N.Z. 2 0 0 N.C. pref. 200 Mount Lyell 1 0 16 19 6 10 Colonial Sugar .. 32 15 0 -5/-

CHRISTCHURCH QUOTATIONS N.Z. Govt.— Buyers. £ s. d. Sellers. £ s. d. 3 p.c., 15/8/52-55 .. 100 0 0 . 3 p.c., 15/12/53-56 .. 98 5 0 . 3 p.c., 15/2/55-58 .. 96 5 0 3 p.c., 15/11/57-60 .. 94 7 6 .._. 3 p.c., 15/8/59-61 .. 92 0 0 3 p.c.. 15/4/60-63 .. 92 10 0 3 p.c., 15/7/61-63 .. — 91 15 0 3 p.c., 15/7/63-65 .. 90 10 0 3 p.c., 15/5/64-66 .. 90 10 0 34 p.c., 51/9/57-60 .-. 96 0 0 3J p.c., 15/1/53-57 .. 98 12 6 99 0 0 3% p.c., 15/9/59 .. 99 5 0 99 10 0 3% p.c., 15/9/65 .. — 98 2 6 32 p.c., 1959-60 — 99 0 0 4 p.c., 31/5/54-58 .. 100 2 6 4 p.c., Auck. Drainage, 8/9/67 99 2 6 Banks— Adelaide 1 12 0 Australia and N.Z. 1 16 0 1 17 0 London reg. 1 16 0 Comm, of Aust. .. 0 16 4) 0 16 3 Pref. .. 6 2 0 __* Comm, of Sydney 17 10 0 E., S., and A. 6 5 0 6 8 6 Nat. of A’asia., £1, rights 0 5 3 0 5 6 12s 6d, rights 0 3 1 —— National of N.Z. — 5 10 0 N.S.W. 33 2 6 Breweries — Ballins, ord. 18 0 — Pref. —— 116 Dominion 4 8 6 —— Swan. —- 0 8 3 Contr. — 0 5 3 New Zealand 2 8 6 2 8 7 Frozen Meat— Canterbury — 26 0 0 Pref. 7 2 6 — N.Z. Refrig, 20s .. 2 7 9 2 10 0 10s 14 9 15 0 Nth. Canty, pf. .. 13 3 — Southland, c.d. —_ 3 2 6 Waitaki 12 0 0 — GasAuckland — 0 5 6 Christchurch 0 17 3 —— 10s paid 0 6 9 0 7 3 Wellington — 12 6 Pref. — 10 0 Insurance— F.A.M.E. 1 8 6 —- Queensland 2 11 0 — National 1 8 6 — New Zealand 6 17 0 Standard, c.d. 4 18 0 — Loan and Agency— C.F.C.A., pref. 2 18 0 —— “A” 0 11 7 0 11 9 0 12 6 Mutual Benefit 1 12 0 Nat. Mortgage "A” 0 11 5 "B” — 2 17 3 N.Z.F. Co-op. 0 14 3 >— First pref. 0 14 10 — “A” pref. 0 13 10 a— "B” pref. 0 13 10 am 4i p.c. Stock, ’60 97 0 0 41 p.c. Stock, ’65 95 0 0 — N.Z. Guarantee Corpn. 0 2 0 —— Perm. Invest. 11 15 0 — United Building 1 0 0 — Wright, Stephenson, 2 16 — Pref — 13 6 Contr. •• •• 1 15 7 •—

Shipping— Buyers. £ s. d. Seller.' £ s. d Huddart Parker. c.d. 2 4 6 2 5 6 Pref., c.d. 0 18 10 — Union, pref. 15 0 15 4 Timber— Putaruru, pref. 10 0 110 Taupo Totara, c.d. 3 9 0 — Woollens— Bruce 2 4 3 Feltex, c.d. 14 6 15 0 N.Z. 1 14 0 — Tekau Knitwear .. 15 0 16 6 Pref. — 1 1 3 Korma Textiles 0 18 0 Pref. 0 18 3 — Lane, Walker Ind. 2 4 0 Pref. 1 4 0 Manawatu 4 0 0 — Mosglel —- 3 8 6 Oamaru 2 7 6 Miscellaneous— Alloy Steel, N.Z. .. 2 2 0 2 9 0 Amal. Batt. 1 11 3 __ Ampol — 0 15 0 Andersons, 1st pf. 12 0 — Andrews and Beaven, pref. —- 10 6 Aulsebrooks, pref. 13 0 — Avon Metal — 0 10 0 Beath and Co. — 2 18 0 Is paid 12 3 — A.W.A. — 1 14 0 Booth, Macdonald 0 5 0 0 5 6 Brit. Tobacco 18 0 — Broken Hill Pty. 1 13 0 1 13 6 Clyde Engineering 13 0 —■ Colonial Sugar __ 33 0 0 Coulls, Somerville 1 14 6 Courtaulds — 0 15 3 Dom. Builders 0 11 3 Donaghy’s Rope .. 2 4 3 D.I.C., pref. 13 6 14 0 Electro. Zinc, ord. 1 11 6 Evans Atlas 0 18 0 Fletcher Holdings —_ 2 3 6 “B” pref. 10 9 “C” pref. 12 0 Frozen Products .. 0 7 6 G. J. Coles, x.d. .. 0 15 1 0 15 6 Greater Crystal 12 6 Hay's, Ltd. 3 7 6 3 8 0 Hay’s, pref. — 14 6 Henry Berry — 14 6 Humes, N.Z., pref. 12 6 ___ Gordon and Gotch 0 15 6 J. J. Niven 2 8 9 2 9 0 K.D.V. Boxes — 0 13 3 K.P. Drugs 6 12 6 Macky Logan 2 0 0 Milne and Choyce —. 2 17 6 Mason, ’ Struthers, £1 paid 1 13 3 14s paid 1 1 0 10s paid 0 15 0 McCaskey, pref. .. 0 17 6 0 18 0 McKenzies ___ 1 1 0 New Colosseum 2 11 0 Milburn Lune 1 11 6 M.K. Mfrs. 0 12 3 N.Z.F. Fert. 2 0 0 N.Z. Forest Prod. 0 13 11 0 14 1 N.Z. Indust. Gas, pref. — 110 N.Z. Newspapers 1 10 9 — N.Z-. Paper Mills .. — 1 11 6 Nor vic Shoes 0 12 9 Otago Daily Times 2 7 0 Quill Morris (1936), c.d. 14 0 R. & E. Tingey, pf. 16 0 Reid Rubber 1 4 6 15 6 Ross and Glendining —_ 1 17 9 Turnbull and Jones 1 18 0 2 0 0 Weeks 1 11 0 Pref. 13 0 Whakatane, ord. .. 1 1 9 Pref. 12 0 Whit, and Tombs 1 12 3 W’worths. ord. 0 14 7 0 14 8 (N.Z.), ord. 10 8 (N.Z.). pref. 1 15 6 Pp.. pref. 14 0 William Cable. 5s paid 0 16 3 Overseas Listings— Wool worths (South Africa) 0 12 0 Aust. Mining— Mount Lyell 0 19 6 0 19 8 Mining— Grey River . .* 0 3 0 Snowy River — 0 3 9 UNLISTED STOCKS Beaths (Is pd., 19s deposit) 2 1 0 2 5 0 Buntings 19 6 Canty. Seed 1 10 0 Christchurch Press 12 10 0 Cory-Wright and Salmon 19 0 Pref. 12 3 Kaiapoi Woollens .. 18 0 Matea Forests 0 2 9 Mt. Cook Tours 0 ~9 6 M.. O’Brien 2 2 0 2 9 0 National Tobacco 0 15 3 Tingey, R. and E. 0 10 3 0 11 3 Reece. Ltd., E., ord. 0 7 0 Scales 0 10 0 Waikari Lime, 17s 6d paid ___ 18 0 Vibrapac «. 13 3 14 6