COMMERCIAL

Press, Volume XCI, Issue 27634, 15 April 1955, Page 17

COMMERCIAL

STOCK EXCHANGES ’ SYDNEY Trade in the investment section was heavy when business resumed on the Sydney Stock Exchange yesterday after the Easter recess Some leading industrials were firmer. Others showed little change. Bank-, prices were active and price movements large. Oil and uranium were mostly easier. Sales.—A. and N.Z. Bank, 40s 9d; Commercial Bank of Sydney, £l9 Ils; Com? mercial Bank of Australia, l»s 9d; Tboheys, 29s 9d; Tooths, 545; Amalgamated Wireless, ex div., 38s; A. Hordern, 34s 6d; A.CX, 47s 6d; A.P.M.. ex div., 20s 4Jd; Bradford, 425; British Tobacco. 375; Broken Hill Proprietary, ex div., 41s 3d; Burns, Philp, 59s 3d; Colonial Sugar, £4O 7s 6d; David Jones, ex div., 56s 9d; Drug Houses, 33s 4Jd; Dunlop, 33s 9d; Electro. Zinc, ex div., 44s 9d; Email, 17s; G. J. Coles, 12s 6d; Goldsbrough, 435; 1.C.1., 40s 6d; Mort’s Dock, 20s 4Jd; Taubmans, 17s lOjd; Woolworths, ex div., 18s 4>d; Peko, 8s lOd; Mount Morgan Consolidated, pref., 13s 6d; Mount Lyell, 24s 6d; Ampol Petroleum, 15s lOJd; Ampol Exploration, ex rights, 18s 9d; Oil Search, 8s 9d; Associated Freney, 5s 9d; Freney, 3s MELBOURNE • Trading was active in selected investment stocks on the Melbourne Exchange and sales were widely spread. Prices maintained a strong undertone. Uranium was firmer, but other stocks tended to ease in a quiet mining section. Sales.—Broken Hill South, 64s 3d; Mount Isa, 665; Mount Lyell, 24s 9d; Loloma, 245; Mount Morgan, pref., 14s; Ampol Exploration, 18s lOd, and rights, 12s 3d; Oil Search, 8s 9d; Commercial Bank, 19s 3d; Goldsbrough, 435; A.W.A., 38s; Ampol, 16s; Options. 3s 3d; Associated Pulp, 275; A.C.1., 47s 6d; A.P.M., ord., 20s 9d; Bradford Cotton. 4's 6d; British Tobacco, 375; Broken Hill Proprietary, 41s 4d, and 6s 8d cap. paid, 19s 2d; Drug Houses, 33s 6d; -Dunlop, 33s 3d; Electro. Zinc, 455, and pref., 435; Felt and Textiles, 295; G. J. Coles, 18s sd; Henry Jones, 495; Herald, 18s 4d; Humes, 61s 6d; 1.C.1., A„-N.Z., 41s; Myer, 14s; N.Z. Forest, 17$ 3d; Olympic Cons., 8s lOd; Wool worths, 18s 3d. COMPANIES REGISTERED Registration of the following companies is notified in the current issue of tne “Mercantile Gazette”:— Mairehau Sawmills Company, Ltd. Private company, March 29; 99 Mairehau road. Capital: £3OOO in £1 shares. Subscribers: Christchurch, J. N. Scott, A. J. McMaster, and D. R. Ritchie 1000 each. Objects: Sawmillers and incidental. Scargill Stores (1955), Ltd. Private company, March 29; 99 Hereford street. Capital: £3BOO in £1 shares. Subscribers; Scargill, D. E. Wootton 3750, M. E. Wootton 50. Objects: Acquire certain propel ty from Scargill Stores, Ltd., grocers and incidental. Dale (P. B.) and Company, Ltd. Private company. March 31; 254 St. Asaph street. Capital: £6OOO in £1 shares. Subscribers: Christchurch, P. B. Dale 5990, E. M. Dale 10. Objects: Electricians and incidental. Tucker (A. T.), Ltd. Private company, March 31; 177 Hereford street. Capital: £17,500 in £1 shares. Subscribers: Christchurch, A. T. TUcker 17,000, R. I. Tucker 500. Objects: Builders, ctrs., ana incidental. Higgs Garage, Ltd. Private company, March 31; 25 North road, Kaiapoi. Capital: £7OOO in £1 shares. Subscribers Kaiapoi, J. Higgs 6999; Christchurch, Gi V. Quigley 1. Objects: Service station, proprietor and incidental. Gulleford (W. G.), Ltd. Private company. April 1; 448 Halswell road. Capital: £6OOO in £1 shares. Subscribers: Halswell, W. G. Gulleford 5999, E. R. Gulleford 1 Objects: Builders, ctrs., and incidental. Ruske Brothers, Ltd. Private company, April 1; 191 Halswell road. Capital: £6OOO in £1 shares. Subscribers: Christchurch— T. S. and E. W. Ruske 3000 each. Objects: Furniture manufacturers and incidental. Phillips and Clinick, Ltd. Private company, April 1; 18 Straven terrace. Capital £2OO in £1 shares. Subscribers: V. D Phillips 100, W. T. Clinick 100. Objects: Contractors, brick and concrete block layers, and incidental. Coombes (M. S.), Ltd. Private company, April 4; 138 Innes road, Christchurch Capital: £lO,OOO in £1 shares. Subscribers: Christchurch, M. S. Coombes 9500, D. E. Coombes 500. Objects: Motor and general engineers and incidental. Temuka Electrical Services, Ltd. Private company, April 4; King street, Temuka Capital: £4OOO in £1 shares. Subscribers: Temuka. D. E. Flanagan 2000, L. W. McGrath 2000. Objects: Electricians and incidental. Blackmore Brothers. Ltd. Private company, April 5; 141 Kifig street, Temuxa. Capital: £9500 in £1 shares. Subscribers. Temuka, H. B. and A. J. Blackmore 4750 each. Objects: Drapers and Incidental. Increase of Capital Canterbury Engineering Company, Ltd. Capital increased from £18,370 to £20,040. Motorways (N.Z.), Ltd. Capital increased from £40,000 to £45,000. Christchurch Clothing Company, Ltd. Capital increased from £lO.OOO to £17,000. Doors and Mouldings, Ltd. Capital Increased from £lOOO to £4OOO. Kent Manufacturing Company, Ltd. Capital increased from £650 to £BOOO. Amur! Motors, Ltd. Capital increased from £75,000 to £150,000. Victoria Mansions, Ltd. Capital increased from £lO.OOO to £16,800. Industrial Electrical Heating Company, Ltd. Capital increased from £2OOO to £2BOO. Durax Products. Ltd. Capital increased from £5OOO to £6OOO. New Forest Sawmilling Company, Ltd. Capital increased from £20,400 to £23,600. Riccarton Manufacturing Company, £Mb‘o Capital increascd from £3OOO to COPPER PRICES FALL (N.Z. Press Association—Copyright) „ , LONDON, April 13. Copper prices slumped in London today by more than £3O sterling ’a ton after the British Government had announced it would sell up to 45,000 tons from its stockpile. The metal, which has been one of the “precious metals” on the London Metal exchange because of world-wide shortages, sold at £304, compared with £332 sterling yesterday. Prices as high as £360 sterling a ton have been paid in the last few months on the exchange, but well-informed trade sources said this morning that the Government announcement marked the end of the era of high prices. The sale of somewhat less than half the 45,000 tons has already -been decided and this will go back mainly to the two principal suppliers to the Government stockpile. These are the Rhodesian Selection Trust and the Anglo-American Corporation of South Africa.