COMMERCIAL

Press, Volume XCI, Issue 27639, 21 April 1955, Page 17

COMMERCIAL

STOCK EXCHANGES MARKETS’ STRONG TONE Markets generally presented a strong front on the Christchurch Stock Exchange yesterday. A substantial volume of business was written, and the bulk of the sales were made at firm to higher rates. The sharpest rise of the day was recorded by McKenzies in a sale at 21s, and buyers’ requirements at this figure were not filled, further sellers holding for 21s 9d. This rise synchronised with the company’s announcement of an increased final pay-out. Coles were erratic, selling Id up at 14s lOd and at 14s 9d and closing on a somewhat weaker note with buyers at 14s 8d and sellers at 14s lOd. Government stock was again favoured by a buoyant market. Most buyers’ offers were in advance of those of the previous day, but, although 23 issues were bid for, there were sellers for only three issues and only one sale was put through. Banks had a distinct firming tendency and stronger support was forthcoming for a number of New Zealand market leaders.

AUCKLAND Sales.—£37so 3 per cent.i 15/8/53-61, £93; £1495, 15/4/60-63, £9l; £2OO, 15/7/6163, £9l 12s 6d; £5OO, 15/7/62-64, £9l; £4OO, 31 per cent., 15/9/57-60, £94 15s; £5lO, 3% per cent., 15/5/62, £97 15s; £7OO, 3 per cent. Stock Certificates, 15/2/55-58, £96 12s 6d; 30 N.Z. Insurance, £6 17s; 300 Golds. Mort, 345; 900 Newton King, 16s 9d, and 300 pref., 235; 200 Northern Steam, 14s 6d; 300 Kauri Timber, 31s 9d; 900 Korma, ord., 18s, and 1100 pref, 18s; • 1250 Alex Harvey, 34s 3d; 100 Aust. Iron and Steel, pref., 21s 3d; 1100 Broken Hill, 335; 100 Dunlop, N.Z., 21s 3d; 400 Farmers’ Trading, "B’’ pref., 24s 6d; 750 Fletchers, 41s 6d; 2500 Coles, 14s 9d; 400 George Court, 38s; 300 Hawkins Holdings, 255; 400 Humes, N.Z., pref., 21s 6d; 350 John Chambers, 295; 460 McKenzies, 21s; 500 Farmers’ Fertiliser, 38s 3d; 500 Forest Prods., 14s 3d; 574 N.Z. Refrig., 48s; 400 Reid Rubber, 24s 3d; 200 Toppa, 5s 3d; 250 W’wths, N.Z., 19s 4d, and 4CO, 19s sd; 260 W’wths., Ltd., 14s 8d; 100 Mount Morgan, 20s 6d.

WELLINGTON Sales.—Late Tuesday: £1465, 3 per cent., 57-60, £94 12s 6d; £4OO, 61-63, £9l 12s fid; £lO5O, 61-64, £9l ss; £B9O, 62-64, £9l; £lOOO 3% per cent., 1959, £97 12s 6d; £lOlO, 1962, £97 15s; 50 Commercial Bank Aust., pref., £6 6s 6d; 400 National Bank A’asia., contrib., cum. div., 16s 6d; 100 Christchurch Gas, 16s 9d; 100 Wrignt, Stephenson, contrib., 38s; 200 G. J. Coles, 14s 9d. Yesterday: £7OO, B per cent., 55-58 (2 sales), £96 17s 6d; £5OO, 62-61, £9l; £460, 3A per cent., 57-60, £94 17s 6d. 22 Commercial Bank Aust., pref, (odd), £6 6s 6d; 200 Tui Brew, 23s 6d; 200 Gear Meat, 27s 6d; 200 N.Z. Refrigerating, 48s; 300 Putaruru Timber, 23s 6d; 300 N.Z. Forest Products, 14s Id; 200 South British Insurance, 61s;' 240 Manawatu Wool, 80s: 100 Tekau Wool, 255; 20 Wellington Wool, ord., £11; 300 8.H.P., 335; 200 Chas. Begg, 565; 285 G. J. Coles, 14s 9d; 100 J. Gadsden, 30s; 500 Newton King, 16s 9d; 320 G. J. Coles, 14s 9d; 200 N.Z. Farmers' Fertiliser, 38s 3d; 900 Tip Top (2 sales), 19s 6d.

DUNEDIN i Sales.—£27os, N.Z. Govt., 3 per cent. Stock, April 15, 1960-63, £9l; £2OO, 3% per' cent., May 15, 1962, £97 12s 6d; 200 Bank of N.S.W., £32 15s; 200 Tasman Pulp, 12s 7d; £250 N.Z. Govt., 3 per cent. Stock, Sept. 15, 1952-55, £99 15s; £165, September 15, 1952-55, £99 15s; 500 Tasman Pulp (3 sales), 12s 7d.

Sales Reported.—loo Wright, Stephenson, cont., 38s; 300 A.C.1., 38s 6d; £4OO N.Z. Govt., 3 per cent. Stock, July 15, 1961-63, £9l 12s 6d; £lO5O, June 15, 1961-64, £9l ss; £B9O, July 15, 1962-64, £9l; £660, per cent., January 15, 1953-57, £9B 15s; 300 Commercial Bank, 15s 9d; 100 Wright, Stephenson, cont., 38s; 100 8.H.P., 335; JOO Tasman Pulp, 12s 7d; 100 Northern Steam, 14s 6d; 100 N.Z. Breweries, 50s. INVERCARGILL Sales Reported.—2oo John Chambers, 235; 500 Woolworths, 14s Bd. OVERSEAS EXCHANGES SYDNEY Leading industrial shares continued to be irregular on the Sydney Stock Exchange yesterday, and there was an easier undertone. Oil and uranium shares were quiet, with turnovers moderate. Sales.—Commercial Bank of Sydney, £l9 16s; Tooheys, 29s 10|d; Tooths, 53s 3d; Associated Newspapers, 26s 9d; Amalgamated Wireless, ex div., 38s 9d; A. Hordern, 355; A.C.1., 48s 9d; A.P.M., ex div., 20s 7Jd; Bradford, 425; British Tobacco, 36s 3d; Broken Hill Pty., 41s 3d; Burns, Philp, 60s 6d; Courtaulds, 17s 6d; David Jones, 56s 6d; Drug Houses, 33s 7Jd; Dunlop, 33s 6d; Email, 17s 3d; G. J. Coles, 18s 7Jd; 1.C.1., 425; Morts Dock, 20s 6d; N.Z. Forest, 17s 6d; Taubmans, 17s 9d; W. Mofflin, 5s 3d; Woolworths, 18s 4Jd; Peko, 8s 7d; Mount Lyell, 24s 3d; Consolidated Zinc, 57s 6d; Mount Isa, 655; South Broken Hill, 64s 9d; Ampol Petroleum, 15s 9d; Ampol Exploration, 16s 3d; Associated Freney, 5s 3d; Freney, 3s; Oil Search, 9s 4d. MELBOURNE An irregular tone was displayed in the investment section at Melbourne yesterday. Trading was active and sales were widely spread. Mining trading was dull and prices tended to ease. Sales.—Broken Hill South, 655; Consolidated Zinc, 575; Mt. Lyell, 24s 3d; North Broken Hill, 925; Loloma, 23s 6d; Mt. Morgan, pref., 14s; Ampql Exploration, 16s, and rights 10s; Oil Search, 9s 3d; Carlton Brewery, 455; Ampol Petroleum, 15s 9d, and options 3s 3d; Associated Pulp, 26s 9d; A.P.M., 20s 8d; British Tobacco, 36s 8d; Broken Hill Pty., 41s 3d, and cont. 19s 6d; Courtaulds, 17s 9d; Dunlop, 33s 9d, and pref. 365; Electro. Zinc, 43s 9d, and pref. 41s; General Motors, pref., 21s 9d; G. J. Coles, 18s 9d; Gordon, and Gotch, 19s; Henry Jones, 495; Herald, 18s 4d; Humes, 61s 6d; 1.C.1., A. N.Z., 425; Myer, 14s; N.Z. Forest, 17s; Olympic, 8s lOd; Woolworths, 18s 6d. LONDON Baifks and Debentures.—A. and N.Z. Bank, sale 33s 3d; Commercial Bank Australia, buyer 15s 3d, seller 16s 3d; E., S., and A. Bank, sale £5 10s; Bank N.S.W.. sale £29 17s 6d; British Tobacco, buyer 28s, seller 295; Goldsbrough, Mort, buyer 325, seller 345; Dalgety, buyer 9s 9d, seller 10s 9d; National Bank N.Z., sale 98s 6d; Dalgety, 1955-70, buyer £92 10s; N.Z. Loan and Mercantile, 4 per cent, deb., buyer £76, seller £7B; ordinary stock, buyer 255, seller 265; P. and O. deferred (middle price), 68s 9d.

, DOMINION TRANSACTIONS CHRISTCHURCH Sales on 'Change , Listed £ s. d. Var*n. 200 Comml. Bank of Australia 0 15 10 4-ld 100 National Bank of A/asia., c.d., £1 paid. 1 8 0 — 100 Southland Frozen Meat 3 0 0 N.C. 25 South Otago 6 15 0 N.C. 200 South British In- - surance, x.d. 3 1 0 —6d 100 Tekaii 1 5 0 N.C. 100 Ampol 0 12 6 —6d 100 Aulsebrooks, pref., new 1 ■ 1 9 N.C. 100 G. J. Coles 0 14 10 +ld 210 G. J. Coles (2 sales) 0 14 9 N.C. 500 McKenzies, c.d. . . 1 1 0 4-9d 200 N.Z. Newspapers 1 13 0 N.C. 100 Tasman, 10s pd. 0 12 □ — Sales Reported, Listed £500 N.Z. Govt. Stock, 3 p.c., 1959-61 93 2 ' 6 — 400 Natl. Bank of A’asia., Ltd., J2s 6d paid, c.d. (late sale Tuesday) 0 16 6 — 50 Domn. Breweries (late sale Tuesday) 4 11 6 +6d 200 N.Z. Refrig, (late sale Tuesday) 2 8 0 N.C. 200 N.Z. Refrig., conjr. 1 4 0 N.C. 300 Auckland Gas 0 5 6 — 100 N.Z. Insurance (late sale Tuesday) 6 17 0 4-1/-300 Kauri Timber (late sale Tuesday) 1 11 9 — 300 Australian Consolidated Indus- • tries (late sale Tuesday) 1 18 6 N.C. 200 Begg and Co. 2 16 0 4-2/-700 Hay’s, Ltd., pref. 1 1 9 JJ.C. .300 J. J. Niven (late sale Tuesday) 2 8 0 -1/£1000 Ch.Ch. Transport Debs., 4 p.c.. 1/4/57 99 5 0 —

CHRISTCHURCH QUOTATIONS N.Z. Govt. Stocks— Buyers. Sellers. £ s. d. £ s. d. 3 p.c., 15/9/52-55 .. 99 10 0 — 3 p.c., 15/5/53-56 .. 99 10 0 — 3 p.c., 15/12/53-56 .. 98 12 6 — 3 p.c., 15/2/55-58 .. 96 15 0 — 3 p.c., 15/4/56-59 .. 94 15 0 — 3 p.c., 15/11/57-60 .. 3 p.C., 15/8/59-61 .. 94 10 0 — — 93 5 0 3 p.c., 15/4/60-62 .. 91 0 0 — 3 p.c., 15/4/60-63 . . 91 0 0 — 3 p.c., 15/7/61-63 .. 91 12 6 — 3 p.c., 15/6/61-64 .. 91 5 0 — 3 p.c., 15/7/62-64 .. 91 0 0 — 3 p.C., 15/7/63-65 .. 90 12 6 — 3 p.c., 15/5/64-66 .. 90 10 0 — 34 p.c., 15/1/56-59 . 96 10 0 — 34 p.C., 15/9/57-60 94 17 6 — 3J p.c., 15/1/53-57 98 17 6 — 4 p.c., 31/5/54-58 . . 100 10 0 101 0 0 33 P-C., 1962 97-12 6 — 33 P.C., 1959 97 15 0 — 33 P.C., 1959-60 .. 97 10 0 98 0 0 33 P.C., 1965 95 10 0 — 33 P.c., 1969 95 0 0 — 33 P.c., 1974 .. 94 10 0 — Local Body and Company Debentures— Ch.Ch. Drainage, 4 p.C., 31/12/68 .. — 97 0 0 Ch.Ch. Transport, 4 p.c., 1/4/57 ,. 98 10 0 99 15 0

Buyers. Selleis. Nelson City, 4 p.c., 29/10/72 Timaru City, 31 ) — 96 5 0 p.c., 31/3/63 91 10 0 31/3/61 __ 92 15 0 31/3/62 92 10 0 31/3/69 88 0 0 Pyne, Gould, GuinBanks— 0 Aust, and N.Z. 1 12 3 Comm, of Aust. Pref. Nat. of A’asia., £1 9 0 15 0 6 9 1 8 6 12s 6d .. 0 16 6 Natl, of N.Z.- .. 5 1 0 N.S.W. .. < Breweries— 32 12 6 Ballins, ord. 1 8 6 . Pref. 1 0 3 __ Dominion 4 11 6 New Zealand 2 9 9 2 10 0 Tooheys, rights .. — 0 7 0 Canterbury . Pref. N.Z. Refrig. 24 0 0 24 15 0 2 7 6 Nth. Canty., pref. 1 3 0 Southland 2 19 6 3 0 6 South Otago 6 10 0 7 0 0 Auckland 0 5 6 Christchurch 0 16 9 0 17 3 10s paid 0 7 10 0 8 0 Wellington 1 2 0 Pref. 0 19 9 1 1 6 F.A.M.E. 1 8 6 National 1 8 0 New Zealand 6 17 0 South British 3 1 0 3 1 3 Standard Loan and Agency4 15 0 — Credit Finance — 1 4 0 Ch.Ch. Bldg. 16 15 0 C.F.C.A., ord. .1 io 6 — Dalgety, c.d. — 0 10 9 “B,” c.d. — 0 10 9 Mutual Benefit 1 9 6 — Nat., Mortgage "A” 0 11 3 N.Z.F. Co-op. 1. 0 14 1 1st Pref. “A,” pref. 0 15 0 __ 0 14 0 4J p.c. Stk., ’60 97 0 0 — 41 p.c. Stk., ’55 95 0 0 —— 41 p.c. Stock, 4/7/61 97 0 0 N.Z. Guarantee 0 2 2 0 2 £ Perm. Invest. 11 10 0 — Perpetual Trustees 2 4 6 — United Building .. — 1 0 1 Wright, Stephenson 2 4 9 2 5 0 Pref. 1 1 6 — Contr. . ... Shipping— 1 18 0 — N.Z., pref. 10 5 0 — Huddart Parker .. 2 1 0 ■— Pref. 0 17 9 — Union, pref. Timber— — 1 5 3 Kauri 1 10 0 — Putaruru, pref. Woollens— 1 0 0 — / Bruce 2 3 9 — Feltex 1 3 3 •— N.Z., 1 14 6 — Pref. — 1 2 0 Tekau. 1 4 9 1 5 0 Pref. 1 1 0 — Korma, ord. Lane, Walker, Rud0 17 4 i o 0 kin — 2 3 0 Manawatu 4 10 0 — Wellington 11 0 0 — Pref. 11 0 0 — Miscellaneous— \ Airwork 1 0 6 — *. Andersons, 1st pf. 1 2 0 — Alloy Steel (N.Z.) — 2 9 0 Amal. Batt. 1 11 6 — Ampol Aust. C.I. Aust. Fnd. Invest. 0 12 3 0 13 0 0 4 5 0 5 0 Avon Metal 0 5 0 0 10 0 Beath and Co. 2 12 0 —- Is paid 1 2 6 — Berlei 1 15 0 1 17 0 Beggs — 2 16 0 Berlei (N.Z.) 2 5 0 ■ Booth, Macdonald 0 5 2 0 5 6 Brit. Tobacco 1 8 9 — Broken Hill Pty. .. 1 12 9 1 13 0 Claude Neon, N.Z. 2 5 0 — Colonial Sugar 32 10 0 33 0 0 Cribb and Foote .. — 1 1 0 Dom. Builders — 0 11 0 Donaghy’s Rope .. — 2 3 « D.I.C., 10s pd. .. — 1 5 0 Pref., c.d. 1 2 6 0 Dunlop, N.Z., x.d. Pref. fiTbctro. Zinc, pref. 1 1 9 1 13 0 1 14 9 Evans Atlas Farmers “C,” pref. 0 17 6 . — V_o 6 1 1 0 Fletchers Holdings 2 1 9 °C” pref. — 1 1 4 Frozen Prods. 0 7 3 — G. J. Coles 0 14 8 0 14 10 Greater Crystal .. 1 3 0 — Hallensteins 1 15 0 — Hay’s, pref. .1 1 6 1 1 9 Hay’s —— 1 13 b Humes 2 8 0 ■— Humes (N.Z.), pref. 1 1 3 — Harley 1 X 9 6 — Pref. 1~2 0 J. J. Niven —* 2 8 6 J. Watties — 1 16 9 K.P. Drugs 6 15 6 —— Mackintosh, Caley Mas., Struthers, £1 — 0 8 paid 1 13 3 —— 14s paid 10s paid McCaskey, pref. .. 3 — 0 17 9 0 18 0 9 Milburn Lime 1 6 6 1 7 9 Morris Hedstrom .. 2 1 0 — Morts Dock 0 16 0 —■ Nat. Electric N.Z.F. Fertiliser, 6 5 0 pref. 1 2 6 — N.Z. Forest Prod. 0 14 2 0 14 6 Pref. .. .. — 0 19 3 N.Z. Newspapers 1 12 9 — N.Z. Paper Mills .. 1 11 0 —— Niorvic Shoes 0 13 7 — Otago Daily Times 2 9 0 — Radio, 1936 0 18 0 — Quill, Morris 1 5 0 — Reid Rubber — 1 4 6 R. E. Tingey, <pref. 1 3 0 — dining .. — 1 17 0 Skellerup, pref. 1 0 6 1 1O 0 Tasman 0 12 0 0 12 7 Speedway 1 5 6 Weeks, pref. — 1 2 3 Tip Top 0 19 6 Whit, and Tombs .. — 1 14 M Wm. Cable Williamson, Jeff1 11 0 1 11 6 ery Wilsons Cement .. 1 3 0 14 0 8 0 14 9 W’worths, ord. 0 14 7 ■— Properties 0 16 0 — (N.Z.), ord. 0 19 4 — (N.Z.), Pp., pf, .. W. R. Cooke and — 1 2 5 Son 0 15 0 — Waltons, 5s — 0 10 6 2s 6d —- 0 6 9 Aust. Mining— Mount ’ Lyell 0 19 9 1 0 4 Mount Morgan Mining— — 1 1 0 Grey River 0 3 0 0 4 0 Kanieri 0 8 0 0 17 0 Snowy River 0 3 3 0 3 6 UNLISTED STOCKS Amuri Lime Andrews and Bea- — 1 0 3 ven, pref. Beaths (Is paid, 19s 1 3 3 — deposit) 2 1 9 — Buntings — 1 9 Carbonic Ice 3 0 9 •»— Chch. Press Cory-Wright and 12 10 0 Salmon Europa Oil (N.Z.), 1 10 0 — pref. 1 12 0 — Colonial Motors .. 1 14 0 Kaiapoi Woollens 1 8 0 1 10 0 Pref. 1 1 0 1 5 0 Matea Forests 0 3 0 — Mt. Cook Tours Sth. Island G’tee. 0 9 6 — Corp., pref. — 1 1 6 National Tobacco 0 16 0 •— O’Brien 2 2 3 2 4 0 N.Z. Fisheries 0 6 3 0 11 0 Tingey, R. and E. — 0 10 9 Regent Theatre 0 16 6 0 19 0 Prudential— Build. Rink Invest. — 0 19 9 1 12 0 —- Scales 0 11 3 — Tudor Hosiery 1 1 6 — Vibrapac ‘ I < I 1 3 0