COMMERCIAL

Press, Volume XCI, Issue 27614, 22 March 1955, Page 17

COMMERCIAL

STOCK EXCHANGES

DULL MARKETS

_ S®more than token business was t s e Christchurch Stock Exf e yesterday Markets, if anything, tendency, although, bedim , the Peoetty of business, it was gaug , e the situation. Sellers appeared to predominate among Government securities, banks, frozen meat, gas, and woollens. DOMINION TRANSACTIONS

1 AUCKLAND, Sales,—£lsoo 3 per cent., 15/4/56-59. £96 7s 6d; £BOO 3 per cent., 15/7/61-63, £lOl 15s; £lOOO 3 per cent.. 15/7/62-64, £81; 30 Commercial Bank of Aus., pref. £6 4s; 175 National Bank of A’asia., paid, rights, ss, and 43 contr., rights, 2s 9d; 40 Bank of N.S.W., £32 15s; 100 N.Z. Breweries. 46s 6d; 200 National Insurance. 235; 350 N.Z. Insurance, £6 17s 6d; 200 South British Insurance, 62s 6d; 250 F.A.C. (£2 paid), 462; 200 Newton King, 16s 9d; 300 Alex. Harvey, 34s 6d; 200 Farmers Trading, 43s 3d; 200 Fletchers, 425, and 400 “C" pref., 21s 6d; 200 Gordon and Gotch, 15s 3d; 50 Milne and Choyce, 57s 6d; 100 Forest Products, 13s lid, and 200 pref., 19s; 100 N.Z. Newspapers, 32s 9d; 500 Wilson’s Cement, 14s 6d; 500 Mount Lyell, 19s 6d. WELLINGTON Sales.—Late Friday: 200 Newton King, 16s 9d; 550 Wm. Cable, contr., 22s 6d. Yesterday: £5OO 3 per cent. ,1962-64, £9l 6s 3d; £llOO 4 per cent., 1954-58, £lOO ss; 550 N.Z. Breweries, 46s 6d; 10 Bank of New South Wales, £32 15s; 500 British Tobacco (2 sales), 30s; 450 Fletcher HoldIngs (2 sales), 425; 131 Frozen Products, rights, 2s 3d; 25 K.P.N.Z. Drugs, £6 14s; 500 Woolworths, Ltd., ex div., 14s 3d. „ , - DUNEDIN Sales.—loo Wright, Stephenson, pref., Ms; 100 Union Steam Ship, pref., 255; 300 Broken Hill Proprietary, 32s 6d; 993 Mil,b“rrLLime Cement, rights (6 sales), 7s; 150 Broken Hill Proprietary, 32s 6d; 200 Wright, Stephenson, 445. OVERSEAS EXCHANGES „ SYDNEY Recent weakness in share prices was halted on the Sydney Stock Exchange yesterday, and leading industrial stocks improved. Colonial Sugar, A.C.1., and Burns, Philp showed small rises to give the market a firmer undertone. Oil shares were- firmer. Sales.—Australia and New Zealand Bank, 40s 3d; Commercial Bank of Sydney £2O ss; Bank of New South Wales, £37 ss; Tooths, 53s 9d; Associated News, pref., 20s 3d; Aust. Consolidated Industries, ex div., 495; Australian Paper Manufacturers, 20s 9d; Bradford, 41s; British Tobacco, ex div., 375; Broken Hill Proprietary, 40s 3d; Burns, Philp, 56s 9d; Colonial Sugar, £4O 10s; Courtaulds, 19s, Drug Houses, 34s 3d; Dunlop, ex div., 32s 7Jd; Email, 16s 3d; 1.C.1., 40s 3d; Morts Dock. 21s; New Zealand Forest, 16s lOJd; Taubmans, 16s 9d; W. Mofflin, ss. 3d; Woolwoiths, ex div., 18s 3d; Peko, 8s lid; Ampol Petroleum, 16s 6d; Ampol Exploration, 29s 6d; Associated Freney, 6s 2d; Freney, 3s 7d; Longreach. Is 3d; Oil Search, Ils Id. MELBOURNE On the Melbourne exchange prices moved variably in the investment section yesterday. Trading was active, but turnover was not heavy. Sales.—Broken Htll South, 66s 6d; Mount Isa, 62s 9d; New Broken Hill, 43s 6a; Loloma, 24s 3d; Mount Morgan, 25s 4d; Oil Search, Ils; Commercial Bank, 19s sd; Goldsbrough, 425; Ampol, 16s 3d; Associated Pulp, 265, and 5s paid, 10s 6d; A.C.1., 495; AJ»JfI, 21s, and pref. 18s lOd; Bradford Cotton, 41s 3d; British Tobacco, 36s 9d; 8.H.P., 40s 3d, and 6s 8d cap. paid, 18a Id; Courtaulds, 18s 6d; Dunlop, 32s 9d; and pref. 36s 3d; Electro. Zinc, pref., 43s ?^ : t G a J - 18s Herald, 18s 9d; Kauri Timber, 37s ??’ 148 = sd: New Zealand Forest, 16s lid; Olympic, 8s lOd. CHRISTCHURCH QUOTATIONS

CHRISTCHURC H Sales on ’Change, Listed 100 National Insce. £ 8. d. 18 0 Var’n -3d Sales Reported, £2500 N.Z. Govt. 3 p.c. Stock, 1956-59 (2 Listed sales) 96 7. 6 200 Natl. Mtge. "A’’ 0 11 0 —3d 100 Alex. Harvey 200 Skellerup Indus1 14 6 tries, Ltd., pref., 1 1 0 N.C.

Buyers. Sellers. NX. Govt— £ s. d. £ s. d. 3 p.C., 15/9/52-55 .. 99 0 0 3 p.c., 15/5/53-56 .. 99 7 6 3 p.c., 15/12/53-56 .. __ 98 7 6 3 p.c., 15/2/55-58 .. 96 5 0 98 10 0 3 p.c„ 15/8/59-61 .. 93 0 0 3 p.c., 15/4/60-62 .. 93 10 0 3 p.c., 15/4/60-63 .. 92 12 6 3 p.C., 15/7/61-63 .. 91 5 0 3 p.c., 15/5/64-66 90 5 0 - 31 p.c., 15/1/53-57 ,; 99 5 0 3| p.c., 15/5/62 .. 98 0 0 31 p.c., 1959-60 __ 98 10 0 3l p.c., 15/9/65 96 0 0 Ashburton Electric Power Board, 3J PC., 1/7/62 MM 96 10 0 Timaru City, 31 P.c., 31/3/61 • 93 0 0 Timaru City, 3j . p.c., 31/3/63 Auckland Drainage, — 95 0 0 4 p.c.. 8/9/67 .. MM 97 10 0 BanksAdelaide 1 11 6 Aust, and N.Z. 1 12 0 1 14 0 Comm, of Aust. .. 0 15 10 0 16 0 Pref 6 2 6 S., and A. 6 0 0 Nat. of A’sia. (Bl), rights 0 5 3 12s 6d, rights Nat. of NX — 0 2 11 5 10 N.S.W. 32 12 6 32 15 0 Breweries— Ballins, ord. 18 9 19 0 Pref. 10 9 Dominion 4 10 6 New Zealand 2 7 0 Frosen MeatCanterbury __ 25 0 0 Pref. 7 5 0 N.Z. Refrig, 20s .. — 2 ~9 0 10s mm 15 0 GasChristchurch MM 0 17 0 IOS paid 0 8 0 0 9 0 Wellington mm 12 6 Insurance— National 18 0 18 3 New Zealand 6 17 0 South British 3 2 0 3 ~2 6 Standard 4 16 6 Loan and Agency— Ch.Ch. Building .. 16 15 0 MM Credit and Fin. .. mm 15 0 Dalgety "B," London reg. MM 0 11 3 Goldsbrough, Mort. 1 14 6 Mutual Benefit MM. 1 12 0 Nat. Mtge, “A” .. 0 10 10 0 11 0 NJZ.F. Co-op., 1st pref. “A” pref. 0 15 0 0 14 8 44 p.c. Stk., I960 .. 97 ”o 0 44 p.c. Stk., 1965 .. 95 5 0 MM N.Z. Guar'tee. 0 2 3 MM Perm. Invest. 11 10 0 MM United Build., x.d. — 10 2 Wright, Stephenson 2 4 G 2 5 0 Contr. 1 16 9 MM Shipping— N.Z., pref. 10 5 0 __ Huddart Parker .. 2 10 MM Pref. >. 0 18 0 MM Union, pref. 15 1 15 5 Timber — Putaruru, pref. M— 10 9 Woollens— Bonds, x.d. MM 3 12 6 Bruce 2 4 0 MM Feltex 13 6 14 6 Tekau, pref. MM 111 Korma Tex. 0 17 0 MM Lane, Walker Ind. 2 2 0 2 3 0 Pref. MM 13 6 Miscellaneous— Atrwork • ... 14 6 MM Alloy Steel (NJZ.) Amal. Batt. i e 2 9 0 Ampol •• — 0 13 6 Aulsebrook's, pref., new MM 12 3 Aust. CX MM 1 19 0 Aust. Found. Inv. 0 4 6 0 5 0 Avon Metal —M 0 10 0 Beath and Co. MM 2 15 0 Is paid 12 9 MM Alex Harvey 1 14 3 MM Booth, Macdonald Mm. 0 5 6 Brit. Tobacco 19 0 MM Broken Hill Pty. 1 12 0 1 12 6 Clyde Engineering 14 0 MM Colonial Sugar 32 15 0 33 0 0 Consol. Brick 0 12 0 M— Donaghy’s Rope ... MM 2 3 6 D.I.C. 14 9 MM Dunlop N.Z. MM 15 0 Electro. Zinc, ord. 1 15 6 1 17 6 Pref. 1 14 0 MM Evans Atlas 0 17 1 0 18 0 Frozen Products, rights 0 2 3 MM G. J. Coles 0 14 9 0 14 11 Greater Crystal .. 12 9 HaUenstein Bros. 1 14 0 MM Hay’s, Ltd. 1 13 3 1 13 9 Humes. x.d. MM 2 8 9 Humes (N.Z.), pref. Gordon and Gotch 0 15 2 12 6 0 15 6 I.C.I., A., N.Z. 1 11 6 MM Hadfield — 0 15 6 J. Gadsden 19 3 MM Pref. 12 3 John Chambers .. — 1 10 0 J. J. Niven MM 2 9 0 J. Wattle Canneries MM 1 17 3 K.P. Drugs .. 6 13 0 6 15 0 Mason, Struthers, £1 paid McCaskey. pref. 1 13 3 0 17 9 Milne and Choyce, c.d. 2 16 6 MM McKenzies 10 0 10 9 Milburn Lime —— 18 0 Rights .. 0 6 9 MM Morts Dock 0 16 6 — NJ5J*. Fertiliser .. 1 19 3 MM NX Forest Prod. 0 13 10 0 14 0 N.Z. Indust. Gas, pref. MM 10 9 N.Z. Newspapers .. 1 12 9 ■M Norvic Shoes 0 13 6 MM Otago Daily Times 2 8 0 M— Radio, 1936 0 17 6 MM Quill Morris (1936) 14 6 MM Reid Rubber, pf. .. Ross and Glendin.116

ing, cont Buyers Sellers £ s. d 10 0 Sharland 3 ~1 0 MM Skellerup, pref. .. 10 9 113 Transport Nelson 17 0 MM ’ Weeks 1 11 0 MM Pref MM 12 9 Whakatane, ord. .. Mm 117 Pref. .. MM 1 1 9 New, ord. MM 1 1 9 Pref MM 119 Whit, and Tombs 1 13 10 Wm. Cable Hldgs. 1 11 9 112 3 Will. Jeffrey, pref. —— 12 0 W’worths, ord. 0 14 3 0 14 6 (N2.), ord. MM 10 0 MiningGrey River 0 3 0 <— UNLISTED STOCKS And. and Beaven, ord. MM 14 0 Beaths (Is pd., 19s Buntings 2 13 2 4 6 19 0 Canty. Seed IN 0 MM Oarbonic Ice 3 0 0 MM Chch. Press 12 10 0 MM Colonial Motors .. 1 14 0 MM Matea Forests 0 2 11 MM Mt. Cook Tours 0 9 0 MM Tingey, R. and E. 0 6 6 MM Prud. Bldg. MM 0 19 6 Tasman 0 11 0 MM . Debs. 100 0 0 MM Tudor Hosiery 116 MM Weeks, Wanganui, pref — 12 0