COMMERCIAL

Press, Volume XCI, Issue 27592, 24 February 1955, Page 17

COMMERCIAL

STOCK EXCHANGES

MARKETS QUIET AND FIRM Markets were firm in quiet trading on the Christchurch Stock Exchange yesterday. Most banking and brewety issues— Ballins / and Dominions excepted—lacked buying support, but in other sections buyers outnumbered sellers.

AUCKLAND Sales.—£92o 15/5/53-56, 3 per cent., £99 ss. £3OO 15/2/55-58, £96 12s 6d; £llOO 15/11/57-60, £94 12s 6d; £llOO 15/8/59-61. £93; £2600 15/4/60-62, £93 7s 6d; £5OO 15/7/63-65. £9O 10s; £lOOO 15/5/62, 32 per cent., £9B 2s 6d; £4OO 15/9/65, £9B; £*«.. Auckland Harbour Board, 10/8/60, 3j per cent., £95 ss; 140 National Bank of A’asfa., con. rights, 3s Id; 55 Bank N.S.W. (Sydney reg.)-, £3l; 100 Dominion Brewery. 90s; 200 Tui Brewery, 255; 200 Auckland Gas, 5s sd; 125 N.Z. Insurance, .£6 17s 9d; W. Mofflin, 4s 6d; 250 Wright, Stephenson, 425, 6d; 200 Devon port Ferry, 27s 9d; 500 Union Steam, pref., 25s 3d; 115 Kauri Timber, 27s 6d; 200 Feltex, N.Z., 34s 6d; 200 Beriei Ind., ex div,, 42s 6d; 20 Colonial Sugar, £32 17s 6d; 100 D.1.C., 255; 411 Farmers’ Trading, 435; 200 Fletchers ' C” pref., 21s 6d; 1000 Coles, 15s Id; 200 Greers, 23s 6d; 100 1.C.1., pref., 15s lid; 100 K.P., N.Z. Drug, £6 12s .a; 100 Reid j übber, 25s 6d; 1500 Ross and Gier •’inxng, con., 20s; 600 Speedway Products, 255; 300 Whakatane Board, 21s 9d; 460 Woolworths, Ltd:, 14s Bd. Unlisted: 200 Motor Traders, 545. WELLINGTON Sales.—£6oo 3 per cent., 60-62, £9B 7s 6d; £2OOO 61-63, £9l 12s 6d; £5OO 3? per cent., 59-60, £9B 7s 6d; £250, 3 per cent., 59-61, £93; £3OOO 3? per cent., 1962, £9B; £5OO, 3 per cent., Dec., 53-56, £9B 7s 6d; £5OO, 61-63, £9l Its 6d; £3OO 31 per cent., 57-60, £96 ss; £425, 3 per cent., 60-63, £92 10s; £205 34 per cent.. 57-60. £96 ss; 5 Bank New South Wales, £33: 100 National Bank A’asia, cont., rights. 3s, 600 at 3s Id, 290 fully paid rights at 5s 4d. and 60 cont. rights 3s 2d; 300 N.Z. Forest Products, 14s; 200 Felt and Textile, N.Z.. 34s 6d; 10 Colonial Sugar, £32 17s 6d; 200 Fletcher Holdings, "C” pref., 21s 6d; 1000 G. J. Coles, 15s 2d; 800 N.Z. Guarantee (two sales), 2s 4d; 250 Wn 'ht, Stephenson, 42s 6d; 18 Mosgiel Woollen, 67s 6d; 250 Rotoiti Timber, 24s 6d; 400 Dalgety, “A" shares, Ils 6d; 250 Consolidated Brick. 12s 3d; 100 G. J. Coles, 15s Id; 100 1.C.1., A.N.Z., pref., 13s; 100 Silknit, N.Z., 12s 6d; 1500 Woolworths, Ltd., 14s 8d; 100 DJ.C., 255; 100 John Duthie Holdings, 38s; 100 J. Wattie Canneries, 36s 9d; 300 Wm, Cable Holdings, 32s 3d. DUNEDIN Sales.—so Wright, Stephenson, 36s 6d; 200 South British Insurance, 62s 9d; 400 Dalgety, “A,” Ils 6d; 300 Union Steam pref., 25s 3d; 300 Forest Products, ord., 14s Id, 200, 14s, and 200 pref. 19s; £930 N.Z. Govt. 3 per cent. Stock, Nov. 15, 1957-60, £94 10s. INVERCARGILL Sales Reported.—soo John Chambers. 295; 2200 Union Steam, pref., 25s 3d; 300 Southland Frozen Meat (two sales). 60s; £l7BO 32 per cent. Govt. Stock. 1959, £99 10s. OVERSEAS EXCHANGES SYDNEY Leading industrial stocks were a shade firmer on the Sydney Stock Exchange yesterday. Sales.—-Australian and New Zealand Bank, 435; Bank of New South Wales, ex div., £37 12s 6d; Tooheys, 325; Troths, 575; Associated News, pref., 20s 6d; Amalgamated Wireless. 42s 9d; A. Hordern, 32s 6d; British Tobacco, 35s 4Jd; Broken Hill Pty., 40s; Colonial Sugar, £4O; Courtaulds, 17s 3d; Drug Houses, 33s 9d; Dunlop, 35s 104 d; Felt and Textiles, 295; 1.C.1., ex div., 39s 10id; Electrolytic Zinc, 395; Taubmans, 17s 9d; W. Mofflin, 5s sd; Woolworths, 18s 6d; Yarra Falls, 38s; Emperor, 15s 6d; Mount Morgan, 26s 9d; New Guinea Goldfields, 2s; Peko, 7s 9d; Mount Lyell, 225; Mount Isa, 625; North Broken Hill, 90s; South Broken Hill, 655; Ampol Petrol, 16s 9d; Ampol Exploration, 28s; Oil Search. 13s 9d.

MELBOURNE The investment market was again active and prices generally were firm at Melbourne yesterday. The easier tendency in mining shares was more pronounced and trading was me derate. Sales.—Mount Isa, 60s; North Broken Hill, 90s; Emperor Mines, 15s 3d; Loloma 24s 6d; Mount Morgan, pref., 13s 7d; Oi. Search, 13s 6d; Commercial Bank of Syd ney, £2O; National, 12s 6d rights, 3s 8d 20s fully paid, 355. and rights, 6s lOd Goldsbrough, 44s 4d; Carlton, 39s 6d; Am ■pol, 17s 3d. and pref., 19s 6d; Australia: Iron and Steel, pref., 26s 7d; Ass ciater Pujp, 27s 4d; A.C.1., 48s 3d; A.P.M., 21s 9d and pref., 20s 6d; British Tobacco, 35s 9d Broken Hill Proprietary, 40s 3d, and 6s 8d cap. paid, 18s 2d; Courtaulds, 17s; Drug Houses, SSs'Bd; Dunlop, 365; Felt and Textiles, 29s 3d; Electrolytic Zinc, pref., 37s 9d; G. J. Coles, 19s 2d; Henry Jones, 535; Humes, 61s 3d; 1.C.1.. A., N.Z.. 39s 6d; Kauri Timber, 35s 3a; Myer, 14s, and pref., 325; New Zealand Forest, 17s: Olympic Consol., 9s.

LONDON Australia and New Zealand Bank, buyer 34s 6d, seller 365; Commercial Bank Australia, buyer 15s, seller 16s; E., S.. A.. Bank, buyer £5 15s, seller £6; Bank New South Wales, sale £3O; British Tobacco, buyer 26s 3d, seller 27s 3d; Goldsbrough. Mort, buyer 33s 6d, seller 34s 6d; Dalgety. sale Ils IJd; National Bank New Zealand, buyer £5 Is 3d, seller £5 6s 3d; Dalgety, 1955-70, buyer £95, seller £97; New Zealand Loan and Mercantile. 4 per cent, debentures, buyer £Bl. seller £B3, and ordinary stock, buyer 25s 6d, seller 26s 6d: P. and O. deferred (middle urice), *2s: Broken Hill North, 71s 9d; Broken Hill Proprietary, 31s 6d; New Broken Hill, 35s 9d; Consolidated Zinc, 435; Mount Lyell, 16s 9d; Mount Morgan, 20s IJd.

DOMINION TRANSACTIONS CHRISTCHURCH Sales on *Change, Listed £ s. d. Var’n. 600 Natl. Bank of A’asia., 12s 6d paid. rights (3-sales) 0 3 i N.C. 200 G. J. Coles 0 15 3 N.C. 100 Hay’s, Ltd. 1 14 0 N.C. 300 Hay’s, pref. (2 sales) 1 2 6 N.C. 200 N.Z. Forest Pro- . ducts. 0 14 1 +ld Sales Reported, Listed £900 N.Z. Govt. 3 . p.c. Stock, 1S60-63 92 10 0 —— £500 N.*. ‘ Govt. 3 p.c. Stock, 1961-63 91 12 6 __ 200 Ballins Breweries, , ord. 1 8 6 4-6d 118 Beaths (is paid) .. 1 2 9 — 200 Broken Hill Pty. .. 13 0 N.Q. 200 Howard Smith 1 4 6 100 Ross and Glendining, x.d. — .. 1 17 0 —6d 500 Speedway Products, late sale Tuesday 1 5 0 N.C.

CHRISTCHURCH QUOTATIONS Buyers. Sellers. £ s. d. £ s d. N.Z Govt.— 3 p.c., 15/9/52-55 100 0 0 100 12 6 3 p.c.. 15/5/53-56 99 2 6 m. 3 p.C., 15/12/53-56 98 5 0 98 10 0 3 p.c., 15/2/55-58 96 12 6 ww 3 p.c., 15/4/56-59 96 5 0 M» 3 p.c., 15/11/57-60 95 12 6 — 3 p.c., 15/4/60-62 93 7 6 — 3 p.c., 15/4/60-63 92 10 0 —— 3 p.c., 15/7/61-63 91 7 6 MW 3 p.c., 15/6/61-64 91 0 0 —— 3 p.c., 15/7/62-64 91 5 0 — 3 p.c., 15/5/64-66 — 90 15 0 3J p.C., 15/1/53-57 98 10 0 — 3J p.c., 15/5/62 — 98 5 0 32 p.c., 15/9/59 — 99 7 6 32 p.c., 15/9/65 — 98 2 6 4 p.c., 31/5/54-5? 100 5 0 ~m Banks— Adelaide «w 1 11 9 A. and N.Z. OTW 1 17 0 Comm, of Aust. MW 0 16 2 Pref. 6 0 0 6 8 0 E., S. and A. —— 6 8 0 Nat. of Asia, £ rights 0 5 4 0 5 5 12s 6d, rights 0 3 0 0 3 2 National of N.Z. 5 9 0 N.S.W. *m 33 2 6 Breweries— Ballins, ord. 1 8 6 Pref. — 1 1 6 Dominion 4 10 0 — Swan, contr. ’ 0 5 3 New Zealand — 2 9 0 Swan ** 0 8 A Tui —— 1 5 3 ’Westland __ 2 1 6 Frozen MeatCanterbury — 25 15 0 Pref. 7 2 6 — N.Z. Refrig., 20s 2 8 3 — 10s 1 4 9 MM Nth Cantv oref. 1 3 3 M. Southland, x.d. — 3 1 0 Gas— — Christchurch 0 17 3 -m 10s paid 0 7 0 Umaru 1 io" 0 — Wellington — 1 2 6 Insurance— F.A.M.E. 1 8 6 — Queensland 2 12 0 — National 1 8 3 — New Zealand 6 17 6 6 18 5 South British 3 2 3 3 2 9 Standard, x.d. __ 4 19 0 Loan and Agency— Chch. Building 16 15 0 MM Dalgety “A” 0 11 0 —- Dalgety, “B” ’ Mutual Benefit 0 11 6 1 12 0 Nat. Mortgage, “A — 0 11 6 N.Z.F. Co-op., Is pref. 0 14 10 MM "A” pref. 0 13 9 —— ■’B” pref. 0 14 0 —- 4& p.c. Stk.. '60 97 0 0 & 4J p.c. Stk., '65 95 0 0 MM 44 p.c. Stock, 27/7/61 96 12 6 97 0 0 N.Z. Guar. Corpn. 0 2 2 Permanent Invest. 11 15 0 __ United Building 1 0 0 MW Wright, Stephenson 2 2 6 2 3 6 Contr. . 1 16 0 .M Shipping— New Zealand, pref. 10 5 0 WM Huddart Parker, c.d. — 2 5 6 Pref., c.d. 0 18 10 —

Buyers. £ s. d. Sellers. £ s. d. Union, pref. 15 3 Timber— Putaruru 0 7 6 0 8 8 Woollens— Bruce 2 3 6 V — Feltex, c.d. 1 4 0 Feltex (N.Z.) 1 14 0 — Tekau 1 5 0 Pref. 1 0 9 119 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— Airworl1 4 0 — Alloy Steel (N.Z.) 2 9 0 Amal. Batt. 1 11 3 . Ampol — 0 14 9 Andersons. 1st pf. 12 0 1 3 0 and caven, pref. 10 0 1 0 3 Auls .brooks. pref 1 3 0 —— Aust. C.I., c.d. 1 17 6 w Av< i Metal ■ — 0 10 0 Beath and Co., c.d. — 2 16 0 Is paid 12 3 — Berlei Industries, x.d. 2 2 0 —- Booth, Macdonald 0 5 0 0 5 5 Anthony Hordern 1 8 0 z — British Tobacco .. 18 4 —— Alex. Harvey 1 13 6 — Broken Hill Pty. .. 1 12 10 1 13 3 Claude Neon, N.Z. 2 6 6 2 10 0 Clyde Engineering 13 0 w Colonial Sugar 33 0 0 Consolidated Brick 0 12 0 w Coulls, Somerville 1 14 6 — Dom. Builders W 0 11 3 Donaghy’s Rope .. — 2 4 0 D.I.C. 1 4 9 Pref. 13 6 w Dunlop Rubber, c.d. 1 8 0 ' — r- ’-o. N.Z. 12 0 — Pref. — 0 17 5 Electro. Zinc, ord. 1 if o Pref. 1 10 6 — Evans Atlas —— 0 19 0 Fletchei Holdings, “B” pref. 1 0 9 —— "C” pref. 1 1 6 — Frozen Products .. 0 8 0 —— G. J. Coles 0 15 2 0 15 3 Greater Crystal .. 1 2 6 —- Hay’s, Ltd., pref. .. 12 3 1 2.6 Hay’s. Ltd. — 1 14 6 Howard Smith — 14 6 Henry Jones 2 0 0 — Humes 2 8 0 — Humes (N.Z.l. pref. 1 2 6 — I.C.I., A., N.Z. 1 10 6 — Harley Chambers 1 11 0 —— Golden Bay 15 6 — J J Niven — 2 9 3 J. Wattie Canneries 1 16 6 K.P Drugs 6 11 0 — Malcolm Moore — 1 15 0 Mp«on. Struthers, £1 paid 1 13 0 — r askev. oref. ., 0 17 6 McKenzies — - 1 1 0 Milburn Lime — 1 11 3 M.K. Manvfac 0 12 6 — Morris, Hedstrom 2 1 0 . — Morts Dock 0 16 3 — New Colosseum 2 11 6 —■ N.7.F Fertiliser 2 0 0 N.Z. Forest Prods. 0 14 0 0 14 3 Pref. 0 18 6 — N.Z. Indust. Gas. pref. — 110 N.Z. Newspapers 1 11 0 — N.Z. Paoer Mills 1 10 0 •— Norvic Shoes 0 13 0 >*— Otago Da’lv 'lunes 2 7 0 — Petrous Tile 10 0 1 3 0 Quill. Morris (1936), c.d. 14 9 R. and E. Tingey. pref 1 6 0 — Reid Rubber 1 5 3 15 9 Pref. 1 0 6 V— Ro*-s and Hen ining 1 17 0 —- Simpson and Williams 2 16 0 w pre! 1 1 3 — Speedway Prods. 1 5 0 —• Weeks 1 11 0 — Pref. — 12 9 Whit, and Tombs .. 1 13 0 — Wm Ca’de Hold — I 12 6 Williamson, Jeffrey — 12 0 Wilson’s Cement .. 0 14 6 — Woolworths, ord. . - 0 14 8 0 14 9 Properties —. 0 16 9 (N.Z.), ord. — 10 7 (N.Z.). pref. 1 16 6 William Cable 5s paid —— 0 16 3 Overseas Listings— Woolworths (S.A.) 0 12 3 — Aust Mining— Mount Lyell — 0 19 2 'inmg— Grey River 0 3 0 Sno'- v River - 0 3 8 UNLISTED STOCKS Beaths. 1 paid. 19s deposit 2 10 2 5 0 Canty. Seed 1 10 0 —— Carbonic Ice 3 0 0 — Christchurch Press 12 10 0 Cory - Wright and Salmon 1 9 3 — Pref. — 1 2 0 Europa Oil (N.Z.), pref. 1 8 6 Kaiapoi Woollens .. 18 0 VW Pref. W 15 8 Matea Forests -» 0 2 9 Mt. Cook Tours .. 0 9 6 M M. O'Brien 2 2 0 2 8 0 National Tobacco . 0 15 10 • w Tingey, R. and E. 0 11 3 Reece, Ltd., E.. ord — 0 7 0 Regent Theatre 0 18 0 Prudential Bldg. .. 1 0 6 Scales, pref. .. 0 11 0 -VTasman 0 7 2 —- Tudor Hosiery — 13 6 Waikari Lime, 17s 6d paid — 18 0