COMMERCIAL

Press, Volume XCI, Issue 27603, 9 March 1955, Page 15

COMMERCIAL

STOCK EXCHANGES more sellers listed StoCk S iSSS?r l ris ® s ® n the Christchurch land ge y ester day, but New ZeaJ on the Whole were presteady-- in line with a weaker ma f ket - Bank of New South nnrfld dropped to business and unsupJS2 d < sene rs at £32 15s. Government and ues , were fairly actively traded, at tV e clo l e the demand was unsatisNew Zealand Breweries were butt™ r J” at 475 9d ’ and further u£ y ?f s 47s , 6d * Several parcels of Qo ay ,n^ Ltd \ sold fractionally cheaper at r?. 1 5?’ and the market closed at 33s 6d ~” d 345 respectively. New Zealand Newsrose sh arply to business at 325, witn buyers prepared to carry on, but no more sellers appeared. It was noticeable during the day that more sellers appeared in a number of 2??! hitherto had plenty of buyers, but little or no selling support. Over h*’ I ho ' ve \® r « buyers continued to predominate, the ratio being 118 to 89. DOMINION TRANSACTIONS CHRISTCHURCH

„ , AUCKLAND „ £9700 3’4 per cent., 15/9/58, £99 7s 6d; 100 Com. Bank Aus.. 16s; 500 Nat. Sank A’asia, con. rta., 3s Olid; 50 Dominion Breweries. 90s 3d; 460 N.Z. Insurance. £6 17s 6d; 50 South British, 62s 6d; 1396 Northern Steam. 13s 9d; 19 Col. Sugar, £32 17s 6d; 125 Consol Brick. 12s 3d; 140 Electro. Zinc, 325. and 300 pret.. 31s 3d; 100 Farm Trading. "C" pref.. 225; 300 Fletchers. 42s lOd. and 50, 42s -9d; 160 Henry Jones, 40s 6d; 100 Humes, 50s; 600 Morris Hedstrom. 41s 6d; 200 Forest Products, 14s 2d; 200 N.Z. Newspapers. 325; 100 Northern Boiler. 45s 6d; 300 Newbold Gen. Refractories, 30s, and 200. 30s 3d: 400 Reid Rubber, 24s 6d: 243 Ross and Glendining. 375; 100 Wm. Cable. 31s 9d; 400 Wilsons Cement. 14s 6d; 500 Arahura Gold. 16s 6d, and 450 deferred, 8s 6d; 100 Mount Lyell 19s 9d. Unlisted: 200 Huntly Bricx, 26s 6d; 1009 Matea Forests, 2s lid, and 1000, 3s. WELLINGTON Sales.—Late Monday: £lO,OOO 3% per cent., 1959, £99 10s; 100 Fletcher, “C” pref., 21s 6d; 1350 G. J. Coles (2 sales), ex div., 15s; 100 Wm. Cable, 325. Unlisted: 500 R. and E. Tingey, 10s 9d. Yesterday: £lOOO 3 per cent.. 55-58, £96 12s 6d; 1000 Matea Forests, 3s; 400 N.Z. Forest Pioducts (2 sales), 14s 2d: 100 Claude Neon, 48s 6d; 10 Colonial Sugar, £32 15s; 500 J. Wattle Canneries (2 sales), 36s 9d; 100 Northern Roller, 45s 6d; 100 Turnbull and Jones, 395; 100 Woolworths, Ltd., 14s lOd; 400 Wilsons Cement, 14s 6d; 100 Hay’s, Ltd., 345; 250 Ross and Glendining, 375; 200 Wright, Stephenson, contrib. (2 sales), 36s 6d; 400 Booth. Macdonald. 5s 3d; 100 32s 6d; 400 D.1.C., 255; 100 Fletcher, C” pref., 21s 6d; 270 G. J. Coles, 15s; 600 Woolworths, Ltd. (2 sales), 14s lid; 500 Mount Lyell, 19s 9d. Unlisted: 1000 Males Forests, 3s. Sales Reported.— soo Felt and Textiles, N.Z., 34s 3d; 300 Woolworths, Ltd., 14s lid. DUNEDIN Sales.—66o National Bank of A’asia., paid rights (two sales), 5s Id; 200 National Mortgage, ••A,” Us 3d; 80 N.Z. Farmfers’ Fertiliser, 39s 9d; 50 N.Z. Breweries, 47s 9d; 200 Wright, Stephenson, con., 36s 6d; 150 Union Steam, pref., 25s 3d. Sales Reported.—£4ooo N.Z. Govt. 32 per cent., 15/5/62, £94 2s 6d: 100 N.Z. Refrig., paid (two sales), 495; 300 National Mortgage. “A.” Us 3d; 300 G. J. Coles. 15s; 50 Dominion Breweries. 90s 3d; 50 N.Z. Insurance, £6 17s 6d; 400 Ross anti Glendining, 375; 100 Wright. Stephenson, ord., 435, and 200 cont. 36s 6d; 90 Milburn Lime, rights, 6s sd. INVERCARGILL Sales Reported.— l6oo National Bank of Aust, (con.), rights, 3s; 500 Tingey. 10s 9d; £lOOO 33 per cent. 1959 Stock, £99 7s 6d, and £lBOO at £99 7s 6d. OVERSEAS EXCHANGES SYDNEY Market leaders moved unevenly on the Sydney Stock Exchange yesterday, against a background of growing weakness in higher-yielding stocks. The range of business showed a considerable ”buildup.” Among the leaders. Tooths dropped 9d and Broken Hill Pty. 3d. On the better side, A.C.I. rose to 47s 6d, and Burns Philp to 57s 3d. Sales.—Commercial Bank of Sydney. £2O 6s 3d; Bank of New South Wales. £37 15s; Tooheys, ex div., 30s; Tooths, 55s 3d; Associated Newspapers,. pref., 20s 4Jd; A. Hordern, 31a 6d; A.C.1., ex div., 47s 3d; Aust. Paper Manufacturers, 21s 10Jd; British Tobacco, 36s 9d; Broken Hill Pty.. 40s 3d; Burns, Philp, 56s 9d; Colonial Sugar, £4O ss; Courtaulds, 16s 3d; Drug Houses, 35s 3d; Dunlop, ex div., 34s 9d; Felt and Textiles, ex div., 29s 6d; G. J. Coles. 18s 9d; New Zealand Forest, 17s IJd; Taubmans, 18s; Woolworths, 18s 9d; Mount Morgan, ex div., 265; Peko, 8s 7d; Mt. Lyell, 245; Mt. Isa, 64s 6d; New Broken Hill, 43s 8d; Ampol Petrol, 16s 9d; Ampol Exploration. 29s 3d; Associated Freney, 7s Id; Oil Search, 13s 9d. MELBOURNE The demand for investment shares was maintained at Melbourne yesterday, end the undertone of the market showed further improvement. An easier tone was evident in the mining section, although turnover was light. Sales.—Mt. Isa, 645; Mt. Lyell, 24s 2d; New Broken Hill, 43s 9d; North Broken Hill, 92s «d; Loloma, 245; Oil Search, 13s 6d; Commercial Bank, 19s 4d; Goldsbrough, 43s 6d; Carlton Brewery, 41s Id; Ampol, 17s; Options, 3s lOd; Associated Pulp, 27s 8d; A.C.1., 47s 6d; Aust. Iron and Stel, pref., 26s 7d; A.P.M., 21s 9d; Bradford Cotton, 42s 2d; British Tobacco, 36s 8d; Broken Hill Pty., 40s 2d, and cont. 18s 2d; Courtaulds, 16s 3d; Drug Houses, 34s 6d; Dunlop, 34s lOd, and pref. 36s 3d; Electro. Zinc, pref., 40s 2d; Felt and Textiles, 29s 3d; G. J. Coles, 18s 7d; Herald. 18s 9d; Humes, 62s 6d; 1.C.1., A.N.Z., 40s 3d; Myer, 14s; Olympic. 9s Id; Patons and Baldwins, 23s 6d; Woolworths, 18s Bd.

Sales on ’Change Listed £460 3 p.c., 1962-64 N.Z. £ s. d. Var'n. Govt. Stock 91 2 6 — 10 Bank of N.S.W. .. 32 15 0 —5/100 Union Steam, pf. 300 Aust. Consol. In15 3 N.C. dustries < 2 sales) 300 Ha y’s, Ltd. (3 1 17 9 — sales) 600 N.Z. Forest Prod. 1 13 10 —2d (2 sales) 0,14 1 —Id 1000 Skellerup, pref. .. 300 William Cable 116 N.C. Holdings 1 12 0 N.C. 100 N.Z. Breweries .. £100 N.Z. Farmers’ Coop. Stock, 4J p.c., 2 7 9 —9d 28/2/59 Sales Reported, £1200 N.Z. Govt. 3 p.c., Dec., 1953-56 (*. parcels) (late sale 96 15 0 — Listed Monday) £800 N.Z. Govt.. 1963-65 98 5 0 — (late sale Monday) £2000 N.Z. Govt., 1964-66 90 10 0 — (late sale Monday) £10,000 N.Z. Govt. Stock, 32 p.c., 1959 (late 90 5 0 — sale Monday) 20 South Otago 99 10 0 — Frozen Meat 100 Claude Neon, N.Z. 7 0 0 — (2 sales) 100 Electrolytic Zinc, pref., c.d. (late 2 8 6 — sale Monday) 240 McKenzies (late 1 11 0 N.C. sale Monday) 10 9 —3d 300 N.Z. Forest Prods. 0 14 2 N.C. 500 N.Z. Newspapers 200 Turnbull and Jones (late sale 1 12 0 4-1/3 Monday) 1 19 0 N.C. 300 McKenzies .. 10 9 —3d Sales Reported. Unlisted 197 Europa Oil, N.Z., pref. (late sale Monday) 200 R. and E. Tingey, 1 12 6 — ord. 0 10 9 N.C.

CHRISTCHURCH N.Z. Govt.— QUOTATIONS Buyers. £ s. d. Sellers. £ s. d. 3 p.c., 15/12/53-56 .. 98 5 0 —— 3 p.c., 15/2/55-58 .. mm 96 12 6 3 p.C., 15/4/56-59 .. — 96 10 0 3 p.c., 15/11/57-60 .. 94 12 6 MM 3 p.c., 15/8/59-61 .. 92 15 0 MM 3 p.c., 15/4/60-62 .. 93 7 6 MM 3 p.c., 15/4/60-63 .. 92 12 6 MM 3 p.c., 15/6/61-64 .. 91 5 0 MM 3 p.c., 15/7/62-64 .. 91 0 0 MM 3 p.c., 15/7/63-65 .. 90 10 0 MM 31 p.c., 15/9/57-60.. 96 5 0 MM 3i p.c., 15/1/53-57 .. 98 15 0 M—. 3J p.c., 15/9/59 .. — 99 12 6 32 p.c., 15/9/65 —— 98 0 0 4 p.C., 31/5/54-58 .. —— 100 7 6 BanksAdelaide .. —— 1 11 6 Australia and N.Z. 1 13 0 1 15 0 “B” 1 15 0 MM Comm, of Aust. .. MM 0 16 1 Pref 6 2 6 6 5 0 E., S._ and A. MM 6 0 0 Natl, of A’asia., £1 rights 0 5 3 0 5 6 12s 6d rights .. 0 3 0 0 3 2 N.S.W. — 32 15 0 Breweries— Ballins, ord. 18 6 MM Pref. 10 9 MM New Zealand . •• 2 7 6 2 8 0 Frozen MeatCanterbury . • MM 25 7 6 Pref. 7 5 0 MM N.Z. Refrig., 20s .. MM 2 10 0 10s • • 15 0 15 4 North Canty., pref. 13 3 —- South Otago 6 17 6 MM Gas— Christchurch •. MM 0 17 9 10s paid •• MM 0 7 0 Wellington, pref. •• 10 0 MM Insurance— FJLM.E. .. 1 8 10 MM National .. •• 18 0 18 6 New Zealand .. 6 16 9 6 17 9 South British 3 2 0 3 2 6 Standard — 4 17 0 Loan and Agency— C.F.C.A., ord. 18 6 MM Chch. Building 16 15 0 —M Credit and Finance 13 0 lit

Buyers. £ s. d. Sellers. £ s. d. Daigety "A” 0 11 1 0 11 0 — Goldsb rough, Mort 1 15 0 MM Mutual Benefit mm 1 12 0 Nat. Mortgage "A” 0 11 1 0 11 4 “B” MM 2 16 0 N.Z.F. Co-op. 0 14 0 MM “A” pref. 0 13 9 MM “B” pref. 0 13 flMM 4J p.c., Stk., ’60 .. 97 0 0 M— 4J p.c. Stk., ’65 .. 95 5 0 MM N.Z. Guar. Corpn. 0 2 3 0 2 6 Perm. Invest. 11 10 0 MM United Building .. 1 1 6 Wright. Stephenson 2 3 0 Contr. 1 16 9 1 17 3 Shipping— N.Z., pref. 10 5 0 MM Hud. Parker, c.d. 2 3 0 2 4 3 Pref., c.d. 0 18 6 P. and O. •• 3 0 0 MM Union, pref. .. mm 15 6 Timber— Kauri .. 17 3 MM Putaruru •• MM 0 8 6 Woollens— Bryce .. .. 2 4 0 MM Feltex 13 1 14 0 Tekau 15 0 Pref 1 ~1 6 Lane, Walker Ind. 2~2 6 2 3 0 Pref 13 0 .13 9 Manawatu 4 16 Oamaru .. . 2 7 6 MM Timaru 1 13 9 MM Miscellaneous— Airwork 14 0 - Alloy Steel. N.Z. .. 2 9 0 Amal. Battery 1 11 3 Ampol mm 0 14 0 Andersons, 1st pf. 12 0 And. and Beaven, pref. MM 10 0 Aulsebrooks, pref., new 1 1 10 12 3 Aust. C.I. .. 1 17 6 Aust. Found. Inv. 0 4 6 MM Avon Metal •• 0 5 0 0 10 0 Beath and Co. •• 2 15 0 Is paid .. aa 1 ~2 6 MM Alex Harvey .. 1 13 0 MM Begg and Co. .. 2 13 0 MM Berlel Industries .. 2 2 0 MM Booth, Macdonald MM 0 5 6 Brit. Tobacco 18 6 Broken Hill Pty. .. 1 12 9 Claude Neon. N.Z. 2 ~6 6 2 8 6 Consol. Brick 0 12 0 MM Coulls, Somerville 1 14 6 MM Courtaulds MM 0 14 0 Dom. Builders MM 0 11 3 Donaghy’s Rope .. MM 2 3 6 Dunlop, N.Z. .. 13 0 MM Pref. MM 0 17 4 Electro. Zinc, ord. 1 12 0 Pref. 1 11 0 MM Evans Atlas 0 17 0 0 18 0 Fletcher Holdings 2 3 6 “C” pref. .. MM 119 G. J. Coles 0 14 9 0 15 0 Greater Crystal .. 12 9 Griffin and Sons .. 2 16 MM Hallenstein Bros. .. 1 13 0 MM Hay’s, Ltd. .. 1 13 6 1 14 6 Hay’s, pref. H l M 12 9 Humes (N.Z.), pref. 13 0 Gordon and Gotch 0 15 3 I.C.I., A., N.Z. .. MM 1 12 5 Harley .. •. 1 13 1 J. Gadsden .. 19 0 1 11 0 Lustre Hosiery .. 1 12 0 J. J. Niven MM 2 8 9 J. Wattle Canneries MM 1 17 6 K.P. Drugs, c.d. .. 6 12 6 Mackintosh .Caley 0 6 10 MM Macky Logan 2 0 0 MM Malcolm Moore .. 1 12 3 1 15 0 . Mason, Struthers, £1 paid 1 13 0 MM 14s paid 112 — 10s paid 0 15 4 MM McCaskey. pref. .. 0 17 6 MM. McKenzies •. 10 9 'Malleys' — 10 0 Milburn Lime, rts. 0 6 3 MM M.K. Manufac. 0 12 7 MM Morts Dock 0 16 0 MM New Coliseum 2 11 6 MM N.Z. Forest Prod. 0 14 1 0 14 2 N.Z. Indus. Gas., pref. — 110 N.Z. Newspapers .. 1 12 0 MM N.Z. Paper Mills .. 1 11 0 MM Norvic Shoes 0 13 3 Otago Daily Times 2 7 3 MM Quill Morris, 1938 14 3 15 6 Reid Rubber MM 15 0 Ross and Glendining MM 1 17 2 Contr. MM 10 0 Simpson and Williams .. 2 19 0 3 0 0 Skellerup, pref. 115 MM Toppa Holdings .. MM 0 5 9 Tip Top Ice 10 0 MM Weeks .. •• MM 1 14 0 Pref. MM 12 9 Whakatane, ord. .. 116 12 0 Pref. MM 12 0 Whit, and Tombs 1 13 4 MM Wm. Cable Hdgs. .. —M 1 12 3 Wilson’s Cement .. 0 14 6 ’ MM W’worths, ord. •. 0 14 9 0 14 11 N.Z., ord. MM 10 6 Wm. Cable, 5s .. 0 16 0 Wilcox Mofflin .. 0 4 0 0 4 6 Aust. Mining— Mount Lyell •• 0 19 3 10 0 Mount Morgan 10 0 MM Mining— Arahura, c.d. 0 15 6 MM Grey River 0 3 0 -M Snowy River 0 3 0 •— UNLISTED STOCK Amur! Lime M— 10 0 Andrews and Beaven, ord. MM 14 9 Beaths, Is paid, 19s deposit 2 0 6 MM Buntings MM 19 9 Canty. Seed 19 6 MM Chch. Press 12 10 0 Kaiapoi Woollens .. 18 0 1 10 0 Pref. MM 15 6 Mt. Cook Tours .. 0 9 6 National Tobacco .. 0 15 9 MM M. O’Brien 2 8 0 N.Z. Motor Bodies 2 2 3 Tingey, R. and E. —— o n 3 Reece, Ltd., E., ord. 0 6 6 0 7 0 Regent Theatre .. 0 18 0 10-0 Scales 0 11 0 Tasman, £1 paid .. 116 12 0 Tudor Hosiery 113 Vibrapac •« 12 0 15 0