COMMERCIAL

Press, Volume XCI, Issue 27628, 7 April 1955, Page 13

COMMERCIAL

STOCK EXCHANGES VALUES SHOW LITTLE CHANGE A fair volume of business was transacted on the Christchurch Stock Exchange yesterday. Values held largely to recent quotations. DOMINION TRANSACTIONS CHRISTCHURCH J ’

AUCKLAND Sales.—£l39s 3 per cent.. 15/12/53-56, £9B ss; £5OO 3 per cent., 15/8/59-61, £92 15s; £l9OO 3J per cent.. 15/1/53-57, £9B 17s 6d; £5OO 3j per cent./15/9/65, £95 15s; 50 Dominion Breweries, 91s 6d; 360 N.Z. Breweries, 49s 3d and 50 at 49s 6d; 115 Pukemiro, 31s; 229 Auckland Gas, 10s paid, 5s 7d; 350 N.Z. Insurance. £6 16s; 225 Queensland Insurance, 525; 100 South

British Insurance. 62s 3d; 200 Korma, pref.. 17s 9d; 100 Alex. Harvey, 34s 3d; 200 Broken Hill Proprietary, 33s 6d; 150 Farmers’ Trading, ’’B” pref.. 24s 6d; 100 Fletchers, 41s 6d; 110 Coles. 14s 6d; 200 Gordon and Gotch, 14s 9d; 250 Humes. 43s 6d; 350 John Chambers, 29s 6d; 150 Mort’s Dock, 16s 3d; 188 Forest Products. 13s lOd, and 100 at 13s lid; 1500 Wilson’s Cement, 14s 7d; 100 Woolworths. N.Z., IBs Id; 200 Woolworths Properties, 16s 9d. Unlisted: 200 Ellis and Burnand, 60s; 100 Tasman Pulp, contr., 12s 6d. WELLINGTON Sales.—Late Tuesday: £1315 3 per cent. Stock, 1960-63. £92 7s 6d; £lOOO 33 per cent. Stock. 1962, £97 12s’ 6d; 52 Tooheys, rights, 6S 3d; 100 Felt and Textiles, N.Z., 34s 6d; 300 Woolworths. N.Z., 19s 2d. Unlisted: 800 R. and E. Tingey (2 sales), 10s 6d; 100 Tasman Pulp and Paper, 12s. Yesterday: £l5OO 3 per cent. Stock, December, 1953-56, £B6 7s 6d; £3OO 3 per cent. Stock. 1964-66. £9O ss; £515 3J per cent. Stock, 1953-57, £9B 15s; 250 N.Z. Breweries (2 sales). 49s 9d, and 50 at 49s 6d; 150 Gear meat, 27s 6d; 100 Felt and Textiles. N.Z.. 34s 9d; 400 Broken Hill Proprietary (2 sales), 33s 6d: 100 D.1.C., 255: 115 Pukemiro Collieries, 31s; 100 Reid Rubber. 24s 6d; 400 N.Z. Forest Products (4 sales), 13s lOd; 100 Wm. Cable Holdings. 31s 6d; 100 Whalratane Board Mills, new, pref., cum div., 21s 6d. Unlisted: 150 Cory-Wright and Salmon, pref., 21s; 800 Tasman Paper and Pulp (2 sales), 12s 6d; 1550 R. and E. Tingey (2 sales),’ 10s DUNEDIN Sales.—£2oo 3 per cent., 1956-59, £96: 100 Commercial Bank, ord., 15s Sd; 50 Southland Frozen Meat (2 sales), 595; 200 Woolworths. Ltd., 14s 6d; 100 N.Z. Breweries, 50s; 50 N.Z. Breweries. 50s; 50 K.P. N.Z. Drug, £6 15s 6d: 100 Smith and Smith, pref., 19s 3d. Sales Reported—£7ss 3 per cent., 15/11/57-60; £94 ss. and £265 at £94 ss; £1315 3 per cent.. 15/7/60-63. £92 7s 6d; £lOOO 33 per cent., 15/5/62, £97 12s 66; £5OO 3 per cent., 15/4/56-59, £96 ss, and £4OO at £96 ss, and £2OO at £96 ss; 50 Southland Frozen Meat, 595; 500 Mackintosh Caley, Phoenix, 7s led, and 100 at 7s INVERCARGILL Sales Reported—2oo N.Z. Refrigerating. 245; 800 Union Steam, pref., 255; 400 Mackintosh, Caley, 7s lOd; 100 Rawang Tin. Ils; 100 Mount Lyell, 19s 9d; £5OO 33 per cent.. 1959. £97 12s 6d. OVERSEAS EXCHANGES SYDNEY Trade In the investment section contracted sharply on the Sydney Stock Exchange yesterday and a steady tone developed, Many investors who have recently kept , the market very active, withdrew until after the Easter races. Leadingindustrials, indicating the tone mostly sold unchanged. Speculative shares showed little alteration. Sales—A.N.Z. Bank. 40s 3d; Commercial Bank of Sydney. £l9 15s; Commercial Bank of Australia, 19s 9d: Bank r h w South Wales. £37 2s 6d; Tooths. 54s 3d; Associated Newspapers, pref., 20s 3d: Anthony Hordern, 32s 9d; Australian Consolidated Industries, 47s 3d; Australian Paper Mfrs., ex div., 20s 6d; BradBritish Tobacco (ex div.), Pty - 41 s M; Burns 58s Cortaulds. 17s 6d; Email 17s; G. J. Coles, 18s 4Jd; 1.C.T., 40s 6d; New Zealand Forest, 16s 9d; do, pref 22s Sd; Taubmans, 17s 3d; Woolworths (ex div.), 18s 3d: Mount Morgan. 25s Sd; Peko, 9s; Mount Lyell, 265; Mount Isa, 665; New Broken Hill. 435; Ampol . Ampol Exploration (ex rights), 19s Sd; Associated Freney, 4s Sd: Oil Search, Ss sd; N.A.U.C., 8s 6d: Uranium Development (ex rights). 3s lid; Uranium Mines. 4s; West Uranium, Ltd., MELBOURNE On the Melbourne Exchange trading was moderately active in the investment section today, and prices maintained a firm tone. Trading expanded in the mlnmg section, but prices were easier. JSales. —Consolidated Zinc, 54s 9d; Mt. Isa, 665; Mt. Lyell, 25s 6d; Emperor, 14s sd; Ampol Exploration, 18s 6d; Oil Search, 9s 6d; Commercial Bank, 19s 4d; E., S., and A., £6 10s; Goldsbrough, 42s 6d; Assoc. Pulp, 27s Id; A.C.1., 47s 3d; A. 20s 7d; pref., 19s 6d; Bradford Cotton, 41s 9d; British Tobacco. 375; B. 41s lid; 6s 8d cap. pd., 19s sd; Drug Houses, 33s 6d; Dunlop, 33s 6d; Electro. Zinc, 455; pref., 435; Felt and Textiles, 295; third pref., 13s; General Motors, pref., 21s lid; G. J. Coles, 18s sd; Gordon and Gotch, 18s 3d; Henry Jones, 495; Herald, 18s 6d; Humes, 60s 6d; 1.C.1., A., N.Z., 40s lOd; Myer. 14s 3d; Patons and Baldwins, 235. LONDON Minings.—Broken Hill Proprietary, 335; Consolidated Zinc, 445; .Mount Isa, 51s; Nev> Guinea Gold, Is 6d. Banks and Debentures.—A.N.Z. Bank, sale, 33s 3d; Commercial Bank Australia, sale, 15s 3d; E., S., and A. Bank, sale, £5 8s lid; Bank New South Wales, sale, £3O 2s 6d; British Tobacco, buyer 28s 3d, seller 29s 3d; Goldsbrough, Mort, buyer 325, seller 345; Dalgety, sale, 9s 10id; National Bank New Zealand, sale, 98s 9d; Dalgety, 1955-70, buyer £93, seller £95; New Zealand Loan and Mercantile. 4 per cent, debentures, buyer £79, seller £9l, ordinary stock, buyer 25s 3d, seller 26s 3d; P. and O. deferred, middle price 69s 6d.

Sales on ’Change, Li sted £ s. d. Var*n. £250 N.Z. Govt. Stock, 3 p.c.. Dec., 1953-56 N.Z. Breweries 98 7 6 — . 100 2 10 0 4-1/6 50 South British Insurance 3 2 3 —3d 100 Tekau, pref. Hay’s, Ltd., pref. Woolworths, N.Z., Ltd. (2 sales) 1 1 0 4-9d 100 1 1 9 N.C. 1000 0 19 3 —Id 200 Wilsons Cement .. 0 14 7 4-ld Sales Reported: Listed Stocks £950 N.Z. Govt. Stock, 3>/ 2 p.c., 1953-57 .. 98 17 6 — 1500 Union Steam, pref. i 5 0 N.C. 200 Hallenstein Bros. .. ■ 15 0 — 100 Humes 2 8 6 N.C. 100 Speedway Products 5 6 — 700 Wilsons Cement .. 0 14 7 4-ld Sales Reported: Unlisted Stocks 200 Andrews and Heaven, ord. 1 3 6 — 800 E. Reece. Ltd., ord. 0 6 9 — 300 Andrews and Beaven, pref., 2 sales .. 1 0 3 4-Sd Waikari Lime, 17s 6d paid 1 5 0 N.C.

CHRISTCHURCH QUOTATIONS N.Z. Govt.— Buyers. £ s. d. Sellers. £ s. d. 3 p.c., 15/5/53-56 .. 99 5 0 —— 3 p.c., 15/12/53-56 .. 98 6 3 p.c., 15/2/55-58 .. 96 5 0 3 p.c., 15/4/56-59 .. 96 5 0 96 7 6 3 p.c., 15/8/59-61 .. mm 93 0 0 3 p.c., 15/4/60-62 .. 93 0 0 3 p.c., 15/7/63-65 .. 90 5 0 . —— 3 p.c., 15/5/64-66 .. 90 5 0 3J p.c., 15/1/53-57 .. 98 15 0 34 p.C., 22/5/60 .. —— 98 0 0 4 p.c., 31/5/54-58 .. 100 5 0 ___ 32 p.C., 1962 _— 97 12 6 32 p.c., 1959 97 10 0 MM 32 p.c., 1959-60 .. 98 10 0 32 p.c., 1965 95 15 0 96 0 0 Banks— Adelaide •• 1 10 9 MM Aust, and N.Z. 1 12 6 Comm, of Aust. .. 0 15 9 MM Pref. 6 4 6 VMM E., S., and A., c.d. 5 0 0 MM Nat. of A’sia, 12s 6d 0 16 2 0 17 0 National of N.Z. .. 4 13 6 5 0 0 N.S.W. 32 12 6 Breweries— Ballins, ord. „. 1 8 0 1 9 0 Pref. 1 0 0 1 0 6 Dominion .. 4 10 6 Tooheys, rts. New Zealand .. 0 6 6 0 6 10 2 10 0 2 10 3 Frozen MeatCanterbury • • 24 0 0 25 0 0 Pref 7 5 0 MM Nth. Canty., pf. .. 1 3 3 1 4 0 Southland . . —— 3 0 3 South Otago 6 15 0 GasChristchurch, cont. —. 0 8 Q InsuranceNational • • — 1 8 0 New Zealand . * 6 15 0 South British .. 3 2 0 Loan and Agency— CJ.C.A., ord. 1 10 9 MM Credit and Finance 1 4 0 Chch. Building 16 15 0 Dalgety, "A" 0 10 0 10 0 1 0 10 0 10 9 9 Goldsbrough, Mort Nat. Mortgae, “A” 1 13 0 *M 0 10 9 0 11 3 "B” 2 16 0 N.Z J". Co-op. 0 14 0 1st pref. 0 15 1 MM •’A” pref. mm 0 14 3 44 p.c. Stk., *60 .. 97 0 0 MM 44 p.c. Stk., ’55 .. 95 0 0 '• N.Z. Guarantee .. 0 2 2 0 2 4 United Building .. — 1 0 3 Wright, Stephenson 2 4 6 2 5 0 Pref. 1 2 0 JJ.Z., pref. •• 10 1 • Huddart Parker .. 3~» •

pref. Buyers. £ s. d. 0 17 9 Sellers. £ s. d. P. and O. 3 10 WM Union, pref. —— 1 5 3 Timber— Kauri •. 1 11 0 MW Putaruru, pref. ,• 10 0 1 0 3 Taupo Totara 2 14 0 WW Woollens— Bruce 2 4 0 WM Lane, Walker — 2 2 9 Feltex 1 3\0 ww Feltex, N.Z. 1 14 3 — Pref. — 1 1 6 Tekau 1 5 0 MW Pref. 110 — Korma, ord. 0 17 0 MW Wellington 10 15 0 — Miscellaneous— Airwork, rts., ord. — 0 1 3 Pref. — 0 2 0 Alloy Steel (N.Z.) 2 2 0 2 9 0 Amal. Batteries .. 1 11 6 ww Ampol 0 12 6 0 13 6 Andeisons, 1st pref. 12 0 — Aust. C.I. 1 17. 6 ww Andrews and Beaven, pref. —— 1 0 3 Aus. Found. Invest. — 0 5 0 Avon Metal —M 0 10 0 Bea th and Co. (Is paid) .. • o. 12 6 — Berlei WM 1 17 0 Beriei Industries .. 2 4 6 —W Brit. Tobacco 19 3 ww B.H. Pty., c.d. .. 2 5 0 MW B.H. Pty., c.d. 1 13 4 Ww Claude Neon, N.Z. 2 5 0 — Dom. Builders 0 11 3 Donaghy’s Rope .. — 2 3 6 D.I.C., pref., c.d. .. 12 6 Ww Dunlop (N.Z.), c.d. — 1 2 9 Electro. Zinc, ord. 1 14 6 —— Pref. MW 1 14 0 Evans Atlas 0 17 0 0 18 0 Farmers’ Trading, °C” pref. 10 4 1 0 9 Fletchers Holdings — 2 1 9 “C” pref. —— 1 1 4 Frozen Products .. 0 7 5 — G. J. Coles 0 14 7 0 14 8 Greater Crystal 13 0 —— Griffins 2 3 6 — HallenSteins 1 14 6 M— Hay’s, pref. — 1 1 10 Hay’s WM 1 13 6 Humes 2 8 3 2 8 6 Humes (N.Z.). pref. 116 1 1 9 Harley 1 12 6 — J. Gadsden 19 3 Pref. WW 1 2 0 John Chambers .. 19 0 W~ J. J. Niven —. 2 8 9 K.P. Drugs 6 15 0 ww Mackintosh, Caley MW 0 8 0 Mason, Struthers, £1 paid 1 13 3 ww McCaskey, pref. .. 0 17 9 ww McKenzies — 1 0 0 Midland Mot. pf. .. — 1 0 4 Morris Hedstrom .. 2 10 — N.Z.F. Fertiliser .. MW 2 0 6 Pref. 13 0 WM N.Z. Forest Prod. 0 13 9 —— N.Z. Indust. Gases, pref. Ww 1 0 9 N.Z. Newspapers .. 1 13 0 MW Norvic Shoes 0 13 6 0 15 0 Otago Daily Times 2 9 0 Radio (1936) 0 17 6 MW Quill, Morris 14 6 — Reid Rubber 14 0 1 4 6 Pref. — 1 1 1 Ross and Glendining MW 1 17 3 Silknit 0 14 0 0 19 b Skellerup, pref. 10 3 WM Speedway Weeks, pref. 15 3 1 5 1 2 9 3 Whakatane, ord. .. MW 1 1 8 Pref., c.d. WM 1 1 6 Whit, and Tombs MW 1 14 0 Wm. Cable MW 1 11 9 Williamson, Jeffery, c.d. l 4 0 —M Wilson’s Cement .. 0 14 7 w— W’worths., ord. .. 0 14 4 0 14 6 Properties 0 16 0 —— (N.Z.), ord. 0 19 2 0 19 3 Prop., pref. —W 1 2 9 W. R. Cooke & Son 0 15 0 — William Cable, contr. 12 3 wwAustralian Mining-— Mount Lyell 10 0 1 1 0 Mount Morgan . • 10 0 1 1 0 Mining— Grey River • . . 0 3 0 0 4 0 Kaniere 0 8 0 M— Snowy River 0 3 2 o S 6 UNLISTED STOCKS Amuri Lime — 1 0 0 Andrews and Beaven, ord. 14 0 —— D.Y.C., pref. 10 0 1 10 0 Beaths (Is pd., 19s deposit) 2 16 Buntings ww— 1 9 3 Canty. Seed 1 10 3 — Carbonic Ice 3 2 0 W— Christchurch Press 12 10 0 ww Cory-Wright and Salmon 19 6 WM Europa Oil (N.Z.), pref. 1 12 0 ww Colonial Motors .. 1 14 0 ww Kaiapoi Woollens .. 18 0 1 10 0 Pref. ww 1 5 0 Matea Forests 0 3 3 Mount Cook Tours 0 9 6 —w National Tobacco 0 16 1 N.Z. Fisheries 0 6 0 WW Tingey, R. and E. WW 0 10 9 Reece Ltd., E., ord. 0 6 6 0 7 0 Regent Theatre .. 0 16 0 . Prudential Bldg. .. ■■■. 0 19 0 Rink Invest. 1 13 0 — Scales 0 11 3 ww Tasman .. .. 0 11 8 0 12 3 Tasman, £1 w— 1 2 6 Tudor Hosiery 116 Mw Victoria Mansions 1 10 0 WW Waikari Lime. 17s X 6d paid 1 4 S 1 s 6 Weeks, Wanganui. pref. .. •. — 1 s 0