COMMERCIAL

Press, Volume XCI, Issue 27591, 23 February 1955, Page 15

COMMERCIAL

STOCK EXCHANGES markets retain their BUOYANCY The buoyancy o£ markets in the Christchurch Stock Exchange was undisturbed in • fairly heavy trading yesterday. Most stocks were active and firm, with some attention being paid to local body debentures. Of the 15 share issues traded two showed minor falls, four recorded gains, and the balance were sold at unchanged prices. G. J.* Coles, which a week ago sold for 14s lOd on a falling market, were active at 15s 3d on a firm market influenced, no doubt, by the recent news of the offer for Foy and Gibson’s capital. This offer, if accepted, will involve a new issue by Coles. At the close of yesterday’s call there were further sellers at 15s 3d—buyers Id away. Woolworths, Ltd., were moderately busy with sales and buyers at the firm price of 14s Bd. McKenzies had buying support at 21s, but sellers who were prepared to accept this price on Monday were off the market. Hay’s preferences advanced further to business and sellers at 22s 6d, with more wanted at 22s 3d. The market for NaA? ank . °* Australasia fully paid ht ™^ to sa l es and buyers at 5s 4d. bank’s contributing rights were Yj l7 / ? rm ’ with sales and buyers at 3s id, late sellers holding for 3s 2d. Not much interest was evinced in other banking issues. Among the breweries, offers for Ballins were fractionally higher at 28s 4d. but sellers held for 295, and a buyer appeared for the preferences at 20s 9d—sellers 9d away. Dominions rose fairly sharply to business at 90s, with late buyers offering 89s 6d on a market bare of sellers. New Zealands sold unchanged at 48s 7d, but at the close there were unsupported sellers at 48s 9d. Other brewery issues were not wanted. Frozen meats, gas, insurances, loans and woollens all had excellent buying, support, but not many sellers were in evidence. DOMINION TRANSACTIONS CHRISTCHURCH

AUCKLAND Sales.—£3oo 15/11/57-60. 3 ner cent r?nnn 2s i?ra/-o £4 i l ? 15/6/61-64, £9l 10s; 51SS 0 ,. 1 ?/?/ 09- 3 5 P er cent., £99 7s fid; £5OO 15/5/62, £9B 2s 6d; £6OO 31/5/54-58, S? nt - rl0 ° 10s: £loo ° a.h.b. h/’L 60 ’? 4 ce “ t v, £95 ss; 525 National A . a SI ful!y f,aicl rights, 5s 4d; 25 Bank of N.S.W., £33: 175 N.Z. Brew--2? e w>^ 8, , 6<i: 258 Auckland Gas, 5s sd; . X.. Insurance, £6 17s 6d, and 200 ?n^> £ D I7 S 9d: „?Sf ) -5 outh British, 62s 9d; V® 9 Broken Hill Pty 335; 200 Bycroft. ™ 13 Colonial Sugar, £32 17s 6d; ?? 5 ef ar J2? r ?, Trading, 435; 2000 Coles, 15s 2d; 500 Hay’s, pref., 22s 3d; 100 Geo. Court. 37s 6d; 100 I.CJ., 325; 500 John Chambers, 295; 300 K.D.V. Boxes, 13s; 100 Morris Hedstrom, 41s 6d; 500 Forest Products 14s Id, and 300- pref, at 19s; 250 Reid Rubber, 25s 6d; 1600 Ross and Glen573 : 200 Wilson’s Cement, 14s 6d; 300 Woolworths, Ltd., 14s 8d; 200 Mount Lyell, IPs; :l Placer Development, £ll.

WELLINGTON x.o^ le ?-r‘E a i, e Monday: 15 Bank N.S.W., £33: 50 N.Z. Breweries, 48s 7d, and 500 Unlisted: 600 Matea Forests, d * r,^ Y ? sterday: £l7B ° 3 2 Per cent.. 1959, £99 10s; £2OBO, 3 per cent., 60-62 (two sales), £93 7s 6d; £2OO, 61-64, £9l 2s 6d; £2200 3J per cent., 1962 (three les) ’« £ - 98: £so ° 3 P er cent., 63-65, £9O 10s; £650, 64-66, £9O 12s 6d; £6500 31 per cent., 1965, £9B; 400 Comm. Bank of Aust, (two sales), 16s 3d; 240 National ? an L.P f Abasia., cont. rights (two sales), 3s: 200 South British Insurance. 62s 9d; 100 N.Z. Breweries, 48s 7d; 300 Broken Hill Pty. (two sales), 335; 150 Dunlop, N.Z., 225; 1600 G. J. Coles, 15s 2d; 100 1.C.1., A., N.Z., 325, and 400 pref. 16s; 700 N.Z. Forest Products (7 sales), 14s; 25 Wellington Trust Loan, £5 10s; 100 Tekau, 255; 200 Wm. Cable Holdings, 32s 3d; 100 KJ»., N.Z. Drug, £6 12s 6d; 100 Wm. Cable, cont, 15s 6d; 1600 Ross and Glendining, ex div., 375. Unlisted: 100 Tasman Pulp, 7s 4d. DUNEDIN Sales.—loo N.Z. Breweries, 48s 9d; 100 Felt and Textiles of Aust., 245; 773 National Bank of Aust., con. *ights, 3s Id. Sales Reported.—2oo National Bank of Australasia, rights, 5s 3d; 500 N.Z. Forest Products, ord., 14s; £lOOO N.Z. Govt. Stock, Sept. 15, 1965, £9B; 160 National Bank of A’asia., con. rights, 3s Id; 500 N.Z. Breweries, 48s 9d; 38 N.Z. Insurance, £6 16s 9d; 200 Reid Rubber, ord., 25s 6d; 275 Woolworths, Ltd., 14s 7d, and 402 (two sales), 14s 8d; 200 Ross and Glendining, 375; 300 NJE. Forest Products, 14s; 2200 Union Steam, 25s 3d; 300 South British Insurance, 62s 9d; 100 Southland Frozen Meat, 60s; 225 N.Z. Breweries, 48s 6d; 250 National Bank of Australasia, rights, 3s Id; 100 Wright, Stephenson, cont., 36s 6d. OVERSEAS EXCHANGES SYDNEY Anthony Hordern continued to meet strong support on the Sydney Stock Exchange yesterday, and rose Is to 355. Business in the investment section expanded. Leading industrial stocks showed little alteration. Business in oil prospecting shares was moderate. Sales.—Commercial Bank of Sydney, £2O 2s; Commercial Bank of Australia, 19s 9d; Bank New South Wales, ex div., £37 12s 6d; Tooheys, ex div., 32s 3d; Tooths, ex bonus, 56s 6d; Associated News 265, and pref. 20s 6d; Amalgamated Wireless, 42s 9d; A. Hordern, 355; A.C.1., 47s 9d; Australasian Paper Manufacturers, 225; Bradford, ex div., 41s; British Tobacco, 35s 9d; Broken Hill Pty., 40s 3d; Burns, Philp, 575; Colonial Sugar, £4O 2s 6a; Courtaulds, 17s 3d; David Jones, 57s 3d; Dunlop, 36s 4Jd; G. J. Coles, ex div., 19s; Goldsbrough, 445; 1.C.1., ex div., 40s; Morts Dock, 21s; N.Z. Forest, 17s; Taubmans, 17s 9d; Woolworths, 18s 6d; New Guinea Gold, 2s; Peko, 7s lid; Mount Isa, 61s; North Broken Hill, 91s 6d South Broken Hill, 67s 6d; Associated Freney, 7s 6d; Oil Search, 13s Bd.

MELBOURNE There was a strong demand for investment shares at firmer prices at Melbourne yesterday. Several sharp falls were recorded in the silver-lead section. Other mining scrip was also easier. Sales.—Mt. Lyell, 225; Mt. Morgan, 26s 9d, and pref. lCs 7d; Oil Search, 13s 6d; A. and N.Z., 44s 9d; Comm. Bank, pref., £7 10s; National Bank, 12s 6d paid, 21s, rights 3s lOd, 20s fully paid 34s 6d, and 20s rights 6s 8d; Goldsbrough, 445; A.W.A., 42s 6d; Ampol, 17s; Options, 3s 9d; Aust. Iron and Steel, 26s 9d Associated Pulp, A.I.C., 47s 9d; A.P.M., 21s lOd, and pref. 20s 9d; British Tobacco, 365; Broken Hill Pty., 40s 3d, and 6s 8d paid 18s 2d; Colonial Sugar, £4O 10s; Drug Houses, 33s 8d; Dunlop, 36s 3d; Electro. Zinc, 395, and pref. 38s 6d; Felt and Textiles, 295; G. J. Coles, 19s Id; Gordon and Gotch, 19s 6d; Herald, 18s 7d; 1.C.1., A.N.Z., 39s 9d, and pref. 19s; Kauri, 35s 3d; Myer, 14s 3d; N.Z. Forest, 17s; Olympic, con., 9s 2d; Patons and Baldwins, 23s 6d; Woolworths, 18s 6d.

Sales on ’Change Listed £ s. d. Var’n 785 National Bank of A’asia, £ 1 rights (4 sales) 0 5 4 4-ld 50 N.Z. Breweries .. 2 8 6 —Id 150 Dunlop (N.Z.) .. 1 2 0 N.C. 1600 G. J. Coles (6 sales) 0 15 3 N.C. 776 Woolworths, Ltd. (3 sales) 0 14 8 N.C. Sales Reported, Listed £1000 N.Z. Govt. 3 p.c. Stock, 1961-63 91 12 6 £2000 32 p.c. Stock, 15/9/65 (late sale Monday) 98 0 0 £6500 N.Z. Govt. 3? p.c. Stock, 15/9/65 98 0 0 £3000 Auckland Drainage Board Debs., 4 P.C.. 8/9/67 99 0 0 288 National Bank of A’asia, 12s paid. rights 0 3 N.C. 100 Dom. Breweries .. 4 10 0 200 N.Z. Breweries .. 2 8 N.C.' 200 Putaruru, pref. 1 0 8 100 Tekau, ord. 1 5 0 +2d 200 Lane, Walker, Inds. 2 3 0 500 Lane, Walker, pf. (2 sales) 1 3 6 N.C. 200 Amal. Wireless .. 1 14 0 300 Hay’s, pref. 1 2 6 4-3d 200 Harley Chambers (2 sales) 1 12 0 200 Mt. Lyell 0 19 U —4Jd

CHRISTCHURCH QUOTATIONS N.Z. Govt.— Buyers. £ s. d. Sellers £ s. d 3 p.c., 15/9/52-55 100 0 0 100 12 6 3 p.c.. 15/5/53-56 99 2 6 WM 3 p.c., 15/12/53-56 — 98 10 0 3 p.c., 15/2/55-58 96 12 6 MW 3 p.c., 15/4/56-59 96 5 0 WM 3 p.c., 15/11/57-60 95 12 6 WM 3 p.c., 15/7/61-63 91 10 0 91 15 0 3 p.c., 15/7/62-64 91 0 0 MW 3 p.C., 15/7/63-65 90 10 0 WM 3 p.c., 15/5/64-66 90 10 0 WM 3J p.c., 15/1/53-57 98 10 0 WM 33 p.c., 15/9/59 WM 99 10 0 3J p;c., 15/9/65 Mw 98 10 0 33 p.c., 1959-60 WWW 99 0 0 4 p.c., 31/5/54-58 Banks— 100 10 0 — Adelaide MW 1 11 • A. and N.Z. WM. 1 17 0 Comm, of Aust. 0 16 0 0 16 3 Pref. 6 0 0 6 6 0 E., S. and A. MW 6 8 0 Nat. of A’sia, & con. 0 5 4 0 5 5 12s 6d, con. 0 3 1 0 3 2 National of N.Z. MW 5 9 0 N.S.W. MW 33 2 6 Breweries— Ballins, ord. 18 4 19 0 Pref. 10 9 116 Dominion 4 9 6 New Zealand WM 2 8 9 Swan WM 0 8 3 Con. WWW 0 5 3 Tul WM 15 3 Westland 2 16 Frozen Meat— Canterbury 25 0 0 25 15 0 Pref. 7 2 6 N.Z. Refrig., 20s 2 8 0 wm 10s 14 6 15 0 Nth. Canty, pref. 13 3

Buyers. £ s. d. Sellers. £ s. d. GasChristchurch .. 0 17 3 10s paid .. 0 7 0 Timaru .. .. 1 10 0 Con. .. .. 0 11 9 mm Insurance— F.A.M.E. 18 6 MM Queensland 2 12 0 M— New Zealand 6 17 6 MM South British 3 2 3 3 2 9 Standard 5 0 0 Loan and Agency— C.F.C.A., pref. .. 2 18 0 3 10 Chch. Building 16 15 0 Dalgety, ‘‘B’’ 0 11 6 MM Mutual Benefit 1 12 0 Nat. Mortgage, “A” —m 0 11 6 N.ZF. Co-op. 0 14 3 First pref. 0 14 10 “A” pref. 0 14 0 “B” pref. 0 14 0 - ■ 4»/ 2 p.c. Stk., ’60 97 0 0 MM 4*/ 2 p.c. Stk.. ’65 95 5 0 4% p.c. Stock, 27/7/61 96 12 6 97 0 0 4i p.c. Stock, 19/4/59 mm 99 15 0 N.Z. Guar. Corpn. 0 2 0 Permanent Invest. 11 15 0 M— United Building .. 10 0 M— Wright, Stephenson 2 2 6 2 2 3 Contr. 1 16 0 Shipping— Huddart Parker, Pref., c.d. 0 18 10 Union, pref. 15 3 Timber-r-Putaruru, pref. 10 6 Ord. 0 7 6 Woollens— Bruce 2 3 6 Feltex, c.d. 14 4 Feltex (N.Z.) 1 14 0 Tekau 15 0 Pref ' 1 ~1 9 Korma Tex. 0 18 0 Pref. 0 18 6 Lane, Walker Ind. 2 2 0 2 3 3 Pref. 13 0 Manawatu 4 0 0 Oamaru 2 7 6 Miscellaneous— Airwork 14 0 Alloy Steel (N.Z.) 2 9 0 Amal. Batt. 1 11 3 Ampol 0 14 0 0 14 9 Andersons, 1st pf. 12 0 13 0 Andrews and heaven, pref. Auls □brooks, pref. 1*3 0 10 3 New .. .. 119 1 ~2 3 Avt i Metal 0 10 0 Beath and Co., Is paid 12 3 —— A.W.A. 1 13 9 1 14 6 Begg and Co. 2 11 0 MM Booth, Macdonald 0 5 0 0 5 6 Anthony Horden .. 16 0 18 0 British Tobacco .. 18 3 19 6 Broken Hill Pty. .. — 1 13 6 Claude Neon, N.Z. 2 6 0 2 10 0 Colonial Sugar 32 15 0 33 0 0 Consolidated Brick 0 12 0 MM Dom. Builders 0 11 3 Donaghy’s Rope .. 2 3 6 2 4 0 D.I.C. 14 9 MM Dunlop, N.Z. 12 0 MM Pref — 0 17 6 Fletcher Holdings, “B” r ref. 10 9 MM “C” pref. 116 119 Frozen Products .. 0 8 0 MM G. J. Coles 0 15 2 0 15 3 Greater Crystal .. 12 6 Hallenstein Bros., x.d., pref. 5 10 0 MM Hay’s, Ltd., pref. .. 12 4 12 6 Humes (N.Z.), pref. MM 13 3 Harley 1 11 0 MM J. J. Niven MM 2 9 3 J. Wattie Canneries 1 16 6 K.P. Drugs 6 11 0 MM Macintosh Caley .. 0 6 6 MM Macky Logan 2 0 0 MM Mason, Struthers, £1 paid 1 13 0 MM McCaskey, pref. .. 0 17 6 MM McKenzies 110 MM Milburn Lime —— 1 13 3 M.K. Manufac. 0 12 6 Morts Dock 0 16 3 MM New Colosseum .. 2 11 6 - - N.Z.F. Fertiliser .. 2 0 0 MM N.Z. Forest Prods. 0 14 0 MM Pref. 0 18 9 MM N.Z. Indus. Gas, pf. —— 110 N.Z. Newspapers 1 11 0 Norvic Shoes 0 13 3 MM Otago Daily Times 2 7 0 Petrous Tile 10 0 14 0 Quill, Morris (1936), c.d. 14 3 MM R. and E. Tingey, pref. 16 0 —M Reid Rubber 15 0 15 9 Ross and Glendinz ing, x.d. 1 16 6 1 17 0 Skellerup, pref. .. 113 Turnbull and Jones 1 18 6 —.M Speedway 15 0 MM Weeks 1 11 0 MM Pref. MM 12 9 Whakatane, ord. .. 12 0 Whit, and Tombs .. 1 13 1 __ Wm. Cable Hold. MM 1 12 6 Williamson, Jeffrey 14 0 Pref. 10 0 1 ~2 0 Wilson’s Cement .. 0 14 6 Woolworths, ord. .. 0 14 8 014 9 Properties mm 0 16 9 (N.Z.), ord. 10 6 10 7 (N.Z.), pref. 1 16 6 William Cable, 5s paid .. *_ 0 16 3 Overseas Listings— Wool worths (S.A.) 0 12 6 MM Aust. Mining— Mount Lyell mm 0 19 6 Mining— Grey River 0 3 0 MM Snovry River — 0 3 8 UNLISTED STOCKS Amuri Lime __ 110 Beaths, 1 paid, 19s deposit 2 10 2 5 0 Buntings 19 6 Canty. Seed 1 10 0 Carbonic Ice 3 1 6 MM Christchurch Press 12 10 0 —M Cory - Wright and Salmon 19 3 - .* Europa Oil (N.Z.), pref. 13 6 Kaiapoi Woollens .. 18 0 Pref 15 9 Mt. Cook Tours .. 0 ~9 6 M. O’Brien 2 2 0 2 8 0 National Tobacco .. 0 15 10 N.Z. Indus. Gases 1 13 0 Tingey, R. and E. o 11 3 Reece, Ltd., E., ord. mm 0 7 0 Regent Theatre 0 18 6 Prudential Bldg. .. 10 0 Scales 0 11 0 Tasman 0 7 2 0 7 6 Waikari Lime, 17s 6d paid Vibrapac ,, 12 6