COMMERCIAL

Press, Volume XCI, Issue 27638, 20 April 1955, Page 17

COMMERCIAL

STOCK EXCHANGES VERY KEEN DEMAND FOR GOVERNMENT STOCK A feature of yesterday’s operations on the Christchurch Stock Exchange was the phenomenally strong support for Government stock, in many cases at rates in advance of those ruling when the Easter recess was taken. There were buyers for 21 issues and sellers for only two. This sudden strengthening of the market is comparable with that which seems almost invariably to precede the launching of a new Government loan. The suggestion is, of course, that the Treasury is in the market, for if the present spate of buying strength persists it must inevitably force prices down, leaving not so competitive with any new issue. Markets generally seemed to have a bit of life infused into them, and buying quotations for a larger number of issues were noticeable. Prices of shares dealt in were mostly in sellers’ favour. ' DOMINION TRANSACTIONS CHRISTCHURCH Sales on ’Change, Listed

AUCKLAND Sales.—£9oo 15/11/57-60, 3 per cent., £94 12s 6d: £2OOO 15/7/61-63, £9l 12s 6d; £450 15/7/62-64, £9l; £5OO, 15/1/56-59, 34 per cent., £96 10s; £3500 15/5/62, 3? per cent., £97 15s; £250- Auckland Gas, 44 per cent, perp, debs., £73; 70 A. and N.Z. Bank, “B," 35s 3d; 200 Comm. Bank of Aust., 15s lOd; 25 Bank N.S.W., £32 15s; 550 Auckland Gas, 5s 6d; 150 N.Z. Insurance (late Monday), £6 16s 6d, and 100 £6 17s; 200 South British, 61s; 350 Rotoiti Timber, 265; 100 Manawatu Knitting, 90s; 97 Wellington Wool, £11; 100 Alex. Harvey, cont., 21s 6d; 300 D.I.C. (late Monday), 255; 200 Farmers’ Trading, "C” pref., 21s; 800 Coles, 14s 9d; 100 George Court, 38s; 500 Gordon and Gotch, 14s 9d; 122 Milne and Choyce, 575; 340 Farmers’ Fertiliser, 38s 3d; 200 Forest Products, 14s 3d; 400 N.Z. Refrig., 48s; 400 Tasman Pulp, con., 12s 7d, and 100 paid in advance, 22s 7d; 400 Tip Top Ice, 19s 6d; 300 Whakatane Board, 21s 6d; 600 Wilson’s Cement, 14s 6d, and 525 at 14s 7d; 200 Woolworths, N.Z., 19s 4d; 600 Woolworths, Ltd., 14s Bd. Unlisted: 100 Maple Holdings, 545; 150 Motors Specs., 425.

WELLINGTON Sales.—Late Monday: £795, 3 per cent., 53-56, £9B 10s; £lOOO, 55-58, £96 12s 6d; £9OO 57-60, £94 12s 6d; 50 Dominion Breweries, 91s 6d; 108 Tooheys, rights, 6s 9d; 200 Broken Hill Pty., 335; 400 J. Wattle Canneries, 36s 3d; 300 McKenzies, 20s; 500 Ross and Glendining, 375; 1000 Woolworths, Ltd., 14s 9d; 500 Woolworths, N.Z., 19s 3d. Yesterday: £5OO 3 per cent., Dec., 53-56, £9B 12s 6d; £6960 60-63 ( 3 sales), £9l; £4OO May, 53-56, £99 10s; £6OO 5961 (2 sales), £92 17s 6d; £2500 61-63 (2 sales), £9l 12s 6d; £650 61-64 ( 2 sales), £9l ss; £465 57-60, £94 12s 6d; £2OOO 62-64, £9l; £2OOO 63-65, £9O 12s 6d; £9lO 3j per cent., 53-57 ( 2 sales), £9B 17s 6d, and £250 at £99; £6230 32 per cent., 1962 (2 sales), £97 15s; 50 Commercial Bank of Aust., pref., £6 6s 6d; 6 Bank New South Wales, £32 10s; 100 Tui Brewery. 23s 9d; 300 N.Z. Breweries, 50s 6d; 50 N.Z. Insurance, £6 16s 6d, and 25 at £6 17s; 100 N.Z. Refrigeratign, 48s; 300 N.Z. Forest Products, 14s Id; 150 Wright, Stephenson, 44s 6d, and 252 pref. (2 sales) 235; 350 Rotoiti Timber, 265; 97 Wellington Woollen, ord.. £ll. and 13 pref, (odd) £11; 600 Broken Hill -Pty. (3 sales), 335; 200 McKenzies, 20s 6d; 800 Tasman Pulp, 12s 6d; 400 Woolworths, Ltd., 14s 8d; 200 J. J. Niven. 48s; 100 W.F.C.A., Ltd., pref., 21s 3d; 105 G. J. Coles, 14s 9d; 100 Smith and Smith, “A’’ pref., 19s 3d. Unlisted: 200 Tasman Pulp, 12s 6d. Sales Reported.—£36o 3 per cent., Dec., 53-56. £9B 10s; 140 Manawatu Knitting, 90s; 100 J. J. Niven, 48s. Uhlisted: 25 E. W. Mills, £9 7s 6d. DUNEDIN Sales.—l 24 Commercial Bank, 15s 9d; 141 Woolworths. Ltd., 14s 9d; 100 Woolworths, N.Z. Prop., 22s 6d; 100 Wright. Stephenson, Cont., 38s; 100 Broken Hill Pty. (2 sales), 335; 72 Electro. Zinc, 355; 227 Woolworths, Ltd., 14s 8d; 137 Woolworths, N.Z., 19s Id. Sales Reported.—£sooo N.Z. Govt. 3 per cent., 15/4/60-63, £9l; 600 Ross and Glendining (2 sales), 375; 200 Woolworths, Ltd., 14s 8d; 300 D.1.C., ord., 255; 200 Tasman Pulp, 12s 7d; 200 N.Z. Refrigerating, paid, 48s. INVERCARGILL Sales Reported.—266 Tooheys, rights, 6s 8d; £lOOO Govt. Stock, 55-58, £96 12s 6d; 160 N.Z. Farmers Fertiliser, 38s 3d. OVERSEAS EXCHANGES SYDNEY* A keen demand for Amalgamated Wireless and Associated Newspapers shares on the Sydney Stock Exchange yesterday followed the announcement that a television licence had been granted to Amalgamated Television Services, Pty., Ltd., with which these companies are linked. Prices for leading industrials were irregular. Oil stocks were quiet, but uraniums were mostly steady. Sales.—Commercial Bank of Australia, 19s 10Jd; Tooheys, 29s 9d; Tooths, 53s 6d; Associated Newspapers, 26s 3d, and pref. 20s 9d; Amalgamated Wireless, 395; A. Hordern, 355; A.C.1., 48s 9d; A.P.M., ex div., 20s 9d; Bradford, 425; British Tobacco, 36s 4Jd; Broken Hill Pty., 41s 3d; Bums, Philp, 60s 3d; Courtaulds, 17s 6d; David Jones, ex div., 56s 3d; Drug Houses, 33s 7Jd; Dunlop, 345; Email, 17s 6d; G. J. Coles, 18s 9d; Goldsbrough,, 445; Morts Dock, 20s 4Jd; N.Z. Forest, 17s; Woolworths, 18s 7Jd; Mount Morgan, 25s 7Jd; Peko, 8s sd; Mount Lyell, 24s 6d; Mount Isa, 655; North Broken Hill, 925; South Broken Hill, 65s 3d; Ampol Petroleum, 15s 6d; Ampol Exploration, 16s 3d; Associated Freney, 5s 3d; Freney, 3s 2d; Oil Search, 9s sd. MELBOURNE Investment stocks were well supported at rising prices on the Stock Exchange of Melbourne yesterday. Trading was active and turnover heavy in selected stocks. Prices tended to ease in a dull mining section. Sales.—Broken Hill South, 64s 9d; Mt. Isa, 655; Mt. Lyell, 24s 4d; Emperor, 14s; Loloma, 23s 6d; Mt. Morgan, 265, and pref. 14s; Ampol Exploration, 16s 6d, and rights 10s 3d; Oil Search, 9s; Goldsbrough, 445; Carlton, 44s 6d; A.W.A., 38s 3d; Ampol, 15s; Associated Pulp, 26s lOd; A.C.1., 495; A.P.M., 20s 9d, and pref. 19s 2d; Bradford Cottonr 42s 3d; British Tobacco, 36s 9d; Broken Hill Pty., 41s Id, and cont. 19s sd; Courtaulds, 17s 6d; Dunlop, 33s 9d; Electro. Zinc, 445, and pref. 425; Felt and Textiles, 295; G. J. Coles, 18s 9d; Gordon and Gotch, 19s 3d; Herald, 18s sd, and pref. 20s 3d; Humes, 61s 9d; 1.C.1., 41s 9d, and pref. 19s 6d; Kauri, 38s 3d; Olympic, 8s 9d; Woolworths, 18s lOd.

LONDON Broken Hill South, 51s; Broken Hill Pty., 335; Consolidated Zinc, 46s 3d; New

>3<ues uu vnange £ s. d. Var"n £500 N.Z. Govt, Stock, 3 p.c., 1959-61 93 2 6 — £500 32 p,c., 1962 97 12 6 125 N.Z. Farmers’, “A” pref. .. 0 14 0 +3d 100 Wright, Stephenson 2 4 9 +3d 500 Union Steam, pref. 1 5 0 N.C. 200 Booth, Macdonald 0 5 3 -Id 100 McKenzies 1 0 3 +3d Sales Reported', Listed £1000 N.Z. Govt. Stock, 9 p.c., 1959-61 93 2 6 — £200 32 p.c., 1962 97 12 6 — £500 1959 97 10 0 — 310 A. and N.Z. Bank (3 sales) 1 12 6 — 400 N.Z. Breweries (2 sales) 2 10 0 N.C. 100 Christchurch Gas 0 16 9 4-3d 500 Union Steam, pref. 1 5 0 N.C. 100 Manawatu Woollens 4 10 0 •— 400 Booth, Macdonald 0 5 3 —Id 100 Broken Hill Pty. 1 13 0 -3d 200 Dunlop, N.Z., Ltd., x.d. 6 — 500 G. J. Coles, late sale Monday 0 14 9 4-ld 450 G. J. Coles 0 14 10 4-2d 200 J. Gadsden, N.Z., pref. 1 1 9 -3d 400 McKenzies, late sale Monday 1 0 0 N.C. 600 Ross and Glendining, late sale Mon. 1 17 0 N.C.

CHRISTCHURCH QUOTATIONS Buyers. Sellers. £ s d. £ s. d. N.Z. Govt. Stocks— 3 p.c., 15/5/53-56 .. 99 7 6 3 p.c., 15/12/53-56 .. 98 10 0 3 p.c., 15/2/56-58 .. 96 12 6 3 p.c., 15/4/56-59 .. 94 15 0 3 p.c., 15/11/57-60 .. 94 10 0 .— 3 p.c., 15/8/59-61 .. 93 0 0 3 p.c., 15/4/60-62 .. 91 0 0 . 3 p.c., 15/4/60-63 .. — 91 10 0 3 p.c., 15/7/61-63 .. 91 10 0 Ma 3 p.c., 15/6/61-64 .. 91 5 0 Ma 3 p.c., 15/7/62-64 .. 91 0 0 —— 3 p.c., 15/7/63-65 .. 90 10 0 _- 3 p.c., 15/5/64-66 .. 90 0 0 31 p.c., 15/1/56-59 .. 96 10 0 —— 34 p.c., 15/9/57-60 .. 94 10 0 — 3J p.c., 15/1/53-57 .. 98 15 0 —i— 3J p.c., 22/5/60 Ma 98 10 0 4 p.c., 31/5/54-58 .. 100 5 0 3J p.c., 1962 97 12 6 32 p.c., 1959 97 10 0 a—. 32 p.c., 1965 94 15 0 H— 32 p.c., 1969 94 0 0 Ma 32 p.c., 1974 93 12 6 Banks— Aust, and N.Z. 1 12 3 1 13 0 Comm, of Aust. .. 0 15 9 0 15 10 Pref 6 4 0 Nat. of A’asia., £1, c.d. __ 18 0 12s 6d, c.d. 0 16 0 Natl, of N.Z. 4 16 0 5 10 N.S.W. 32 10 0 Breweries— Ballins, ord. 1 8 3 __ Pref. .'. 1 o 3 10 9 Dominion 4 11 3 aM New Zealand 2 9 9 2 10 3 Tooheys, rights 0 6 6 0 6 9 Frozen MeatCanterbury •. 24 0 0 25 0 0

Pref. Buyers. £ s. d. 7 5 0 £ s. d. N.Z. Refrig. 2 7 6 10s Nth. Canty., pre Southland . Sth. Otago Gas— 13 6 13 0 2 19 0 1 3 7 4 6 4 0 0 0 0 0 Auckland Christchurch Contr. Insurance— ■ 0 16 6 0 7 9 0 0 17 0 8 3 F.A.M.E. National, c.d. New Zealand 6 16 6 South British, x.< 3 2 3 Loan and Agency— CJP.C.A., ord. Credit and Fin. 1 10 6 Ch.ch. Build. 16 15 0 Dalgety, c.d. 0 11 0 **B,” c.d. Nat. Mortgage . “A — 0 0 11 0 11 3 b .. 2 14 0 N.Z.F. Co-op. 0 14 0 1st Pref. 0 15 0 "A” pref. 0 14 2 44 p.c. Stk., ’60 97 0 0 <i p.C. Stk., *55 95 0 0 p.c. Stock, 4/7/61 97 0 0 N.Z. Guarantee 0 2 2 0 2 4 Perm. Invest. 11 10 0 Perpetual Trustees 2 4 0 United Building J 0 1 Wright, Stephenson -246 2 5 0 contr. 1 17 9 Shipping— N.Z., pref. 10 5 0 Huddart Parker . 2 1 0 2 4 -0 Pref. 0 17 9 Union Steam, pref. 14 9 5 0 Timber— Kauri 1 10 0 Putaruru, pref. 10 0 Woollens— Bonds 3 8 6 Bruce 2 4 0 Feltex 13 3 N.Z.. pref. 1 2 0 Tekau 15 0 Pref 110 Korma, ord. 0 0 Manawatu 4 10 0 Lane, Walker, Rud kin 2 16 2 3 0 Pref. 12 0 Miscellaneous— Airwork .. ... 1 n r 4 6 Andrews & Beaven, pref. 0 19 9 Aulsebrooks, pre: 1 2 0 m Amal. Batt. 1 11 9 Ampol Andersons, 1st pl 0 12 6 12 0 0 13 0 0 5 0 Avon Metal 0 5 0 0 10 0 Berlei 1 17 0 Beggs Berlei Industries . 2 4 6 2 16 3 Booth, Macdonalc 0 5 2 0 5 4 Brit Tobacco 19 0 Broken Hill Pty. . 1 12 9 j 13 3 Burns, Philp s 2 7 0 Colonial . 33 0 0 Donaghy’s Rope 2 3 6 D.I.C., pref., c.d. . 12 6 Dunlop, N.Z. 1 1 0 1 2 0 Pref. 0 16 6 Electro. Zinc, pref. — 15 0 Evans Atlas 0 17 0 Fletchers Holding 2 1 9 “C” pref. 1 G. J. Coles 0 14 9 0 14 11 Hallensteins 1 14 9 Hay’s, pref. 1 1 6 1 1 10 Hay’s 1 13 6 J. Gadsden 19 3 Pref. j. 2 0 J. J. Niven 2 7 6 2 8 6 John Chambers, c.c 1 9 0 10 0 K.P. Drugs 6 15 0 Mackintosh, Calej 0 7 11 Mas., Struthers, £ .paid 1 13 3 McCaskey, pref. . 0 17 9 0 16 0 McKenzies 10 3 Milburn Lime 1 7 3 Morris Hedstrom . 2 10 Nat. Electric 6 5 0 N.Z.F. Fertiliser pref. 1 2 6 N.Z. Forest Prod 0 14 1 0 14 3 pref. mm 1 0 9 N.Z. Newspapers . 1 12 6 \N.Z. Paper Mills . 1M0 __ Norvic Shoes 0 13 6 . Otago Daily Time Radio, 1936 2 8 9 0 17 9 Quill, Morris 1 4 9 Reid Rubber 1 4 0 1 4 5 Ross and Glen dining 1 17 3 Skellerup, pref. . 1 1 3 .Tasman, 10s paid . 0 13 3 Speedway Weeks, pref. 15 0 1 ~2 3 Whakatane. ord. . _m 1 9 Whit, and Tombs . — 1 14 W Wm, Cable 1 10 6 11 6 Williamson, Jeff ery, c.d. 14 0 MM Wilsons Cement . .0 14 6 —— W’worths, ord. 0 14 7 — • (N.Z.), ord. 0 19 0 0 19 6 (N.Z.), Pp„ pf. . — 1 2 5 W. R. Cooke and Son 0 15 0 Waltons, 5s 0 10 6 Aust. Mining— Mount Lyell — 1 0 6 Mount Morgan — 1 1 0 Mining— Grey River 0 3 0 0 4 0 Kaniere 0 8 0 —M Snowy River 0 3 3 0 3 6 UNLISTED STOCKS Amur! Lime 1 0 3 Andrews and Beaven, ord. 1 3 0 Beaths (Is paid, 19s deposit) Buntings 2 16 1 "9 3 Canty. Seed 1 10 0 Carbonic Ice 3 16 __ Chch. Press 12 10 0 MM Cory-Wright and Salmon 1 9 11 MM Europa Oil (N.Z.) pref. 1 12 0 VM Colonial Motors 1 14 0 —M Kaiapoi Woollens 18 0 Pref. 1 1 0 1 3 0 Matea Forests 0 3 9 Mt. Cook Tours 0 9 6 — . Sth. Island G’tee Corp., pref. 1 1 6 National Tobacc< 0 15 9 MM O’Briens 2 2 0 2 4 0 N.Z. Fisheries 0 6 0 •MM Tingey, R. and E. 0 10 0 0 10 9 Rink Invest. 1 12 0 Scales 0 11 0 — Tudor Hosiery 116 — Victoria Mansions 1 8 0 MM Weeks, Wanganui pref. .. . • 1 t •