COMMERCIAL

Press, Volume XCI, Issue 27593, 25 February 1955, Page 7

COMMERCIAL

STOCK EXCHANGES ACTIVE TRADING Markets were active on the Christchurch Stock Exchange yesterday. Prices of most stocks showed little variation. National Bank of Australasia rights, .which showed a slight easing tendency, continued to be actively traded. Southland Frozen Meats were cheaper in ex dividend business at 60s, and there were more buyers in the offing, but no further sellers appeared. New Zealand Refrigerating contributings rose further to business at 255, with more wanted at 24s 9d—no sellers. New Zealand Insurance reached a new peak in sales at £6 17s 9d, and the market closed at £6 17s 6d and £6 18s, re-

spectively. The market price of these shares 12 months ago was £6 Os 6d.

Sales.—Late Wednesday: £lOOO 15/7/6365, 3 per cent., £9O 10s. Yesterday: £5OO 15/4/56-59, 3 per cent., £96 7s 6d; £l3OO, 15/6/61-64, £9l 2S 6d; £5OO 15/9/59, 3J per cent., £99 10s; £2OO 15/6/59-60, £9B 7s 6d; £250 15/9/65, £9B; 200 Comm. Bank Aust., 16s 3d; 100 N.Z. Brewery, 48s 6d; 180 N.Z. Insurance, £6 17s 9d; 250 South British, 62s 6d; 250 Wright, Stephenson, 42s 6d; 200 Northern Steam, 12s 9d; 500 Kauri Timber, 28s; 250 Rotoiti Timber, 24s 6d; 400 Feltex, N.Z., 34s 3d, and 150 pref. 225; 250 Mosgiel Wool, 67s 6d; 10 Colonial Sugar, A 32 15s; 200 D.C. Street, pref., 20s 6d; 100 Farmers’ Trading, 435; 100 Coles, 15s Id; 100. HID and Plummer, 37s 6d; 100 Gadsden, N.Z., 295; 500 J. Chambers, 295; 100 K.P., N.Z. Drug, £6 12s 6d; 400 Reid Rubber, 25s 6d; 500 Ross and Glendining, con., 20s; 200 Tip Top 20s 3d; 200 Whakatane BoardT 21s 9d; 100 Wm. Cable, 32s 3d; 500 Woolworths. Ltd., 14s Bd, and 1282 at 14s 9d; 800 W. R. Carpenter, 14s 9d. Unlisted: 150 Maple Holdings, 52s 6d. Wellington

Sales.—Late Thursday: £920 3 per cent., May, 53-56, £99 ss; £lOO Dec., 53-56, £9B 7s 6d; £2200, 55-58, £96 15s; £lOO 31 per cent., 57-60, £96 Ss; £2OO, 1962, £9B; 1320 National Bank of A’asia., rights, fully paid, 3? 4d; 300 South British Insurance, 62s 9d; 200 N.Z. Felt and Textiles, pref., 225; 100 Turnbull and Jones, 395. Unlisted: 100 R. and E. Tingey, 10s 6d. Yesterday: £9OO 3 per cent., Dec., 53-56, £9B 7s 6d; £4OO 31 per cent., 53-57. £9B 15s; £6OO 3 per cent., Dec., 53-56, £9B 7s 6d; £lOOO 60-63, £92 10s; £915, 61-64 (two sales), £9l 2s 6d; £5OOO 3J per cent., 1959, £99 7s 6d; £4OOO 3 per cent, 64-66. £9O 10s: 50 National Bank of A’asia, fully paid rights, 5s 3d; 50 Mosgiel Woollen, 67s 8d; 300 G. J. Coles, 15s 2d; 1000 J. Wattie Canneries (two sales), 36s 9d; 300 Milburn Lime. 30s 6d; 802 Forest Products. 14s Id; 100 Ross and Glendining, 375; 200 Reid Rubber, 25s 6d; 600 Woolworths, Ltd. (three sales), 14s Bd, and 1400 (three sales). 14s 9d. DUNEDIN Sales. —Late Wednesday: 125 N.Z. Breweries, 48s 9d, and 50 at 48s 6d; 100 Southland Frozen Meat, 60s: 180 N.Z. Insurance. £6 17s 9d; 300 South British, 62s 9d; 200 D.1.C., pref., 23s 6d; 100 Ross and Glendining, 375. Yesterday: £lOOO 3 per cents. 15/12/53-56, £9B 2s 6d; £4OOO 15/5/64-66, £9O 10s; £4OO 31 per cent., 15/1/53-57, £9B 15s; 100 National Bank N.Z., £5 Is 3d; 168 National Bank A’asia., cont., rights, 3s; 100 N.Z. Brewery, 48s 6d; 350 Union Steam, 25s 3d; 125 McLeod Bros., 435; 300 Milburn Lime, 30s 6d; 600 Purr Pull. 28s 9d; 300 Ross and Glendining* (two sales), 375; 187 Woolworths, Ltd., 14s 9d. OVERSEAS EXCHANGES SYDNEY Business in the investment section of the Sydney Stock Exchange yesterdayexpanded slightly, and the market developed an easier undertone. Leading industrial stocks. Tooths and British Tobacco, sold at reduced rates. The Ampo’ group advanced. Sales.—Commercial Bank of Sydney. £2O 4s; Comm. Bank Australia. 19s lOJd: Bank New South Wales, £37 12s 6d; Tooheys, .--32 s 3d; Tooths, 575? Associated News, 26s 3d, and pref. 20s 6d; Anthony Hordern, 32s 6d; A.C.1.. 48s 3d; British Tobacco, 355; Broken Hill Pty., 40s 3d; Paton and Baldwin. 23s 6d; Taubmans, 17s 6d; Woolworths, 18s 7Jd; New Guinea Gold, 2s OJd; Peko, 8s 9d; North Broken Hill,- 8s 9d; Ampol Petroleum, 17s Ijd; Ampol Exploration, 28s ljd;_ Associated Freney, 7s sd; Oil Search. 13s 2d. MELBOURNE Interest in investment stocks was well maintained at Melbourne yesterday, and the undertone of the market remained firm. Sales.—Broken Hill South, 65s 6d; Consolidated Zinc, 565; Mt. Isa, 60s 6d; Mt. LyeU, 22s 6d; New Broken Hill, 465; North Broken Hill, 89s; Loloma, 24s 6d; Mt. Morgan, pref., 13s 8d; Oil Search, 13s 4d; Commercial Bank, 20s; National, 12s 6d paid, 21s; National. 12s 6d paid rights, 3s 9d, fully paid shades 335, and fully paid rights 6s 9d; (Soldsbrough, 44s 3d; Carlton Brewery, 40s; A.W.A., 435; Ampol, 17s 3d; A.C.1., 48s 3d; A.P.M., 225, and pref. 20s 6d; British Tobacco. 35s 4d, and 6s 8d capital paid,' 18s 2d; Drug Houses, 33s 9d; Dunlop. 36s 3d. and pref. 36s 9d; Electro. Zinc, 40s, and pref. 38s 3d; Felt and Textile, 29s 3d; G. J. Coles, 19s 3d; Herald, 18s 7d; Humes, 61s 6d; 1.C.1., A., N.Z., 39s 6d; Myer, 14s 2d, and pref. 31s 9d; N.Z. Forest, pref., 235; Olympic, 9s; Woolworths, 18s sd.

DOMINION TRANSACTIONS CHRISTCHURCH £ Var’n. Sales on ’Change Listed 800 N.Z. Govt. 3J p.c., Stock, 15/9/59 (2 sales) 99 rj 6 325 Nat. Bank A’asia., £1 paid, rights (2 sales) 0 5 4 N.C. 50 Nat. Bank A’asia £1 paid, rights (2 sales) 0 5 3 —Id 168 Nat. Bank A’asia., 12s 6d paid, rights 0 3 0 —Id 300 Ballins Breweries, ord. 1 8 6 N.C. 50 Donaghy’s Rope .. 2 3 6 —6d 100 Win. Cable Hold. 1 12 3 -3d Sales Reported, £900 N.Z. Govt. 3 p.c. Stock, Dec., 53.-56 Listed 98 7 6 £2200 N.Z. Govt. 3 p.c. Stock, 55-58 (late sale Wed.) 96 15 0 £400 N.Z. Govt. 3 p.c. Stock, 55-58 96 15 0 5 Bank N.S.W. 33 0 0 N.C. 325 N.Z. Breweries .. 2 8 6 N.C. 100 N.Z. Refrig., cont. (late sale Wed.) .. 1 5 0 +3d 250 Southland Frozen Meat, ex- div. (late sale Wed.) 3 0 0 —3s 450 Southland Frozen Meat, ex div. (2 sales) 3 0 0 —3s 100 N.Z. Insurance (2 sales) 6 17 9 +9d 200 C.F.C.A., pref. .. 3 0 0 100 Feltex, Aust., c.d. 1 3 6 500 G. J. Coles 0 15 2 —Id 100 Ross and Glend. 1 17 0 N.C. 300 Wm. Cable Hold-, ings (late sale Wed.) 1 12 3 -3d AUCKLAND

— - 1 CHRISTCHURCH QUOTATIONS Buyers. £ s. d. Sellers. £ s. d. N.Z. GOYt.— 3 p.c., 15/9/52-55 100 0 0 100 10 0 3 p.c., 15/12/53-56 98 10 0 3 p.c., 1 -Z55-53 96 12 6 96 17 6 3 p.c., 15/4/56-59 96 17 6 3 p.c., 15/11/57-60 94 10 0 MM 3 p.c., 15/4/60-63 92 10 0 MM 3 p.c., 15/6/61-64 91 5 0 . MM 3 p.c., 15/7/62-64 91 5 0 91 7 6 3 p.c., 15/5/64-66 —m 90 15 0 31 p.c., 15/9/57-60 96 0 0 3J p.c., 15/1/53-S7 98 10 0 MM 32 p.C., 15/5/62 ~m» 98 5 0 32 p.c., 15/9/59 99 7 6 MM 3? p.c., 15/9/65 98 2 6 32 p.c., 59-60 98 5 0 99 0 0 4 p.C., 31/5/54-5-100 5 0 OTHER DEBENTURES Timaru City Co cil Debentures: 3A p.c., 31/3/60 .. — 96 5 0 3J p.c., 31/3/61 95 5 0 31 p.c., r’./3/62 MM 94 5 0 31 p.c., 31/3/63 MM 93 10 0 Banks— Adelaide —- 1 11 6 A. and N.Z. . 1 16 0 Comm, of Aust 0 15 11 0 16 2 Pref. 6'1 6 Natl, of A’asla. (12s 6d paid) 0 17 6 E„ S., and A. __ 8 5 0 Nat. of A’sia, £1, rights 0 5 3 0 5 12s 6d, rights National of N.Z. 0 3 0 0 3 m— 5 8 0 N.S.W. 33 0 0 Breweries— Ballins, ord. 18 6 Pref. — 1 1 6 Dominion . 4 10 0 New Zealand •m— 2 *8 9 Swan 0 8 3 Swan, contr. MM 0 5 3 Westland MM 2 1 6 Frozen MeatCanterbury MM 25 15 0 Pref. 7 2 6 MM N.Z. Refrig.. 20s 2 8 3 10s 14 9 Southland 2 19 9 Gas— Christchurch. 10s paid .. 0 7 0 Wellington MM 1 2 6 Insurance— F.A.M.E. 1 6 6 Queensland National 2 12 0 — 1 8 6 New Zealand 6 17 6 6 lo 0 South British 3 2 0 3 2 Standard, x.d. MM 4 19 0 Loan and Agency— CJXUU ord. 18 0 MMM Pref. 2 18 0 MM Chch. Building 7 16 15 0 Dalgety, “A” 0 11 0 0 12 0 “B” 0 11 6 0 12 0 Goldsbrough, M. 1 14 6 Mutual Benefit MM 1 U M Nat. Mortgage, “A 011 0 0 11 5 NJZ.F. Co-op., 1st pref. •• 0 14 10 *■»

Buyers. Sellers. £ s. d. £ s. 1. 4% p.c. Stk., '60 97 0 0 4J p.c. Stk., '65 95 5 0 4J p.c. Stock, 27/7/61 97 0 0 4J p.c. Stock, 19/4/59 99 15 0 N.Z. Guar. Corpn. 0 2 2 Permanent Invest 11 15 0 ww United Building .. 1 0 9 Wright, Stephenson 2 2 6 WWW Contr. 1 16 0 Shipping— New Zealand, pref. 10 5 0 ww Huddart Parker .. 2 5 6 Pref., c.d. 0 18 10 P. arid O. 2 18 6 .Union, pref. •• Timber— 1 5 3 Putaruru .. 0 7 6 Woollens— Bonds, c.d. .. 3 9 0 ww Bruce 2 3 9 - Feltex, c.d. 1 3 6 1 4 0 Tekau 1 5 0 Pref. .. .. 1 1 0 1 1 9 Korma, Text. 0 17 9 Pref. 0 18 6 Lane, Walker Ind. 2 2 0 2 3 3 Pref ; 1 4 0 Manawatu 4 0 0 Camaru 2 7 6 — Miscellaneous— Airwork 1 4 0 T ww-' Alloy Steel (N.Z.) WW 2 9 0 Antal. Batt. 1 11 3 Ampol 0 14 6 Andersons, 1st pf. 1 2 0 1 3 0 Andrews and leaven, pref. 1 0 0 1 0 3 Aulsjbrooks. pref. 1 3 0 Aust. C.I., c.d. 1 17 6 ww Av< i Metal — 0 10 0 Beath and Co., c.d. —- 2 16 0 Is paid .. 1 2 9 Berlei Industries, x.d. 2 1 6 WWW Booth, Macdonald 0 5 0 0 5 Anthony Hordern 1 8 9 British Tobacco .. 1 8 3 ww. Broken Hill Pty. .. 1 12 9 1 13 0 Burns, Philp 2 4 6 WW Claude Neon, N.Z. 2 6 0 2 10 0 Clyde Engineering 1 3 0 -ww Colonial Sugar .. 33 0 0 Consolidated Brick 0 12 0 CouIIs. Somerville 1 14 6 WW Dom. Builders — 0 11 3 Donaghy’s Rope .. •— 2 3 9 D.I.C. 1 4 9 WWW Pref. 1 3 6 __ Dunlop, N.Z. 1 2 0 WWW Pref. 0 16 6 0 17 A Electro. Zinc, ord., . c.d. 1 11 0 ww Evans Atlas 0 19 0 Fletcher Holdings, **B” pref. 1 0 9 Ww “C” pref. 1 1 6 1 1 9 G. J. Coles 0 15 1 0 15 2 Greater Crystal .. 1 2 6 WWW Hay’s, Ltd., pref. .. 1 2 3 1 2 6 Humes 2 8 0 WWW Humes (N.Z.), pf. —. 1 3 3 Gordon and Gotch 0 15 I.C.I., A., N.Z. .. 1 11 3 WWW J. Gadsden 1 8 6 1 9 6 John Chambers .. 1 8 3 WWW J. J. Niven — 2 9 0 J. Wattie Canneries 1 16 6 K.P. Drugs 6 12 0 WWW Mackintosh, Caley 0 6 9 ww Mason, Struthers, £1 paid 1 13 0 WW M?Caskey, pref. .. 0 17 6 WWW McKenzies 1 0 6 1 1 0 Midland Mot., pref. — 1 0 6 Milburn Lime ww 111 2 New Colosseum .. 2 11 6 N.ZIF. Fertiliser .. 1 19 6 -ww. Forest Prods. 0 14 0 0 14 3 Pr f. 0 18 6 w— N.Z. Indust. Gas, pref. — 0 N.Z. Newspapers 1 11 0 Olympic Consol. .. 0 7 0 WWW Norvic Shoes 0 13 0 WWW Otago Daily limes 2 7 0 Quill. Morris (1936). c.d. 1 5 0 WW R. and E. Tingey. pref. 1 6 0 WW Reid Rubber 1 5 3 WWW Pref. 1 0 9 WWW Ross and Glendining — 1 17 6 Contr. .; — 1 1 0 Skellerup, pref. .. 1 1 3 WWW Turnbull and Jones ww 2 0 0 Speedway Prods. 1 5 0 WwWeeks 1 11 0 ww Pref. ww 1 2 9 Whakatane, ord. .. 1 1 8 WWW Whit, and Tombs .. 1 13 0 WWW Wm. Cable Hold. 1 12 0 1 12 6 Wilson’s Cement .. 0 14 6 WW Woolworths, ord. .. 0 14 8 • 14 9 Properties —- 0 17 6 (N.Z.), ord. ww 1 0 7 (N.Z.), pref. 1 16 6 ww William Cable, 5s paid .. •— 0 16 3 Aust. Mining— Mount Lyell www 0 19 0 Mining— Arahura 0 15 0 w —ww Grey River 0 3 0 UNLISTED STOCKS Amur! Lime 1 V 0 Beaths, Is paid, 19s deposit 2 1 0 2 5 0 Canty. Seed 1 10 0 WWW Carbonic Ice 3 0 0 ww Christchurch Press 12 10 0 W.W Cory - Wright and Salmon .. 1 9 6 WWW Pref W. 1 2 0 Europa Oil (N.Z.), pref. 1 8 8 WWW Kaiapoi Woollens .. 1 8 0 ww Pref. 1 5 9 Mates Forests ww 0 2 9 Mt. Cook Tours .. 0 9 6 National Tobacco -0 16 0 •ww Tingey, R. and E. 0 10 4 0 11 6 Regent Theatre .. 0 18 0 Ww Pru ’mtUl Bldg.. .. 1 0 3