COMMERCIAL

Press, Volume XCI, Issue 27641, 23 April 1955, Page 10

COMMERCIAL

STOCK EXCHANGES

FIRM NOTE PERSISTS The work cm the Christchurch Stock Exchange finished on a firm note yesterday. The volume of business was appreciable for a Friday. There were six price rises recorded and no losses. DOMINION TRANSACTIONS

AUCKLAND Sales.—£3oo 15/9/52-55, 3 per cent., £99 15s; £6OO 15/5/53-56, 3 per cent., £99 15s; £5OO 15/2/55-58, 3 per cent., £96 17s 6d; £ll,lOO 15/5/62, 33 per cent., £9B; £lOOO 15/9/65, 32 per cent., £96; £365 15/6/65-66, 32 per cent., £96 ss; £l2OO 31/5/54-58, 4 per cent., £lOO 15s; 500 Commercial Bank Australia, 15s lid, and 200, 15s lOd; 20 Bank New South Wales (Syd. reg.), £3O; 100 N.Z. Breweries, 49s 9d; 254 Auckland Gas, 5s paid, Is lid; 100. National Insurance, 27s 9d; 25 N.Z. Insurance, £6 17s; 100 South British, 61s; 50 F.A.C,, £5 paid, £7; 105 Huddart Parker, 425, and 150, 42s 6d; 200 Union Steam, pref. M 2ss; 100 Manawatu Knitting, 90s; 200 Alex Harvey, 34s 3d; 400 Broken Hill Proprietary. 335; 7 Colonial Sugar, £32 10s, and 10, £32 15s; 375 Dunlop, N.Z., pref., 16s 9d; 550 Farmers' Trading, 43s 3d; 200 Hawkins Holdings, 255; 100 K.D.V. Boxes. 13s 3d; 200 M. Manufacturers, 12s 9d; 340 Fertiliser, 38s 3d; 2500 Forest Products, 14s 9d; 450 Reid Rubber, 24s 3d; 200 Tasman, con., 12s 6d, and 800, 12s sd; 100 Tip Top, 19s 6d; 100 Whakatane Board, new. 21s 3d; 150 William Cable, 31s 3d; 1300 Wilson’s Cement, 14s 9d; 700 Woolworths, N. 19s 6d; 100 Mount Lyell, 20s. Unlisted: 200 J. Yock, 34s 6d; 100 Motor Traders, 545.

WELLINGTON Sales.—Late Thursday: £lOOO 32 per cent., £96; 100 Bonds Hosiery, 70s; 100 Manawatu Knitting, 90s; 250 Farmers’ Trading, 43s 3d; 100 G. J. Coles, 14s 9d; 50 Griffin and Sons, 435; 100 New Zealand Forest Products, 14s 6d. Yesterday: £2OO 31 per cent.. 1957-60, £94 17s 6d; £255 32 per cent.. 1959-60. £9B 10s; £3OOO 32 per cent., 1962 (2 sales), £9B; £l2OO 4 per ?ent., 1955-58, £lOO 15s; £2OO 3 per cent., 1952-55, £99 17s 6d; £350 3 per cent., £97; £lOOO 3 per cent., 1956-59, £94 17s 6d; £2OO 3 per cent., 1963-65, £9l; 30 Bank New South Wales (2 sales), £32 15s; 100 Tui Brewery, 23s 6d; 200 D.1.C., 24s 9d; 100 Dunlop, N.Z., pref., 16s 9d; 300 N.Z. Farmers’ Fertiliser. 38s 3d; 50 Farmers’ Trading, 43s 3d; 1000 McKenzies (2 sales). 21s 6d; 500 N.Z. Forest Products, 14s Bd; 600 Woolworths. N.Z., 19s 9d, and 500, 19s 6d; 500 Ross and Glendining (2 sales), 375; 300 Whakatane Board, new, 21s 4d. Sales Reported.—£soo 3J per cent., 195357. £99 ss; £730 32 per cent., 1959-60, £9B 10s; 50 Bonds Hosiery, 70s.

. DUNEDIN Sales.—£92o N.Z. Govt. 3 per cent. Stock, 1955-58, £96 15s; 250 Mount Morgan, conv., pref., Ils. - Sales Reported.—£looo N.Z. Govt. 3 per cent. Stock, April 15, 1956-59, £94 17s 6d; £470 32 per cent., June 15, 1959-60, £9B; £2OOO 32 per cent.. May 15, 1962, £97 18s 9d; 100 National Mortgage ”A,” 11s; 50 Dominion Breweries, 91s 6d: 100 Commercial Bank, ord., 15s lid; 100 Broken Hill Proprietary, 335; 600 Mackintosh, Caley, Phoenix, new, 7s 9d; 50 Woolworths, N.Z. Prop., pref., 22s 6d. INVERCARGILL Sales Reported.—soo Milbum IJme, 375; 500 N.Z. Refrigerating, 245; 150 John Chambers, 295; £lOOO 3 per cent. Stock, 1961-63, £9l 12s 6d; 200 Commercial Bank, 15s lOd; 300 Whakatane Mills, 21s 9d; 400 Broken Hill, 335; 200 Goldsbrough, Mort, OVERSEAS EXCHANGES SYDNEY Trade in the Investment section on the Sydney Stock Exchange yesterday contracted, and prices showed little change. Most leading industrials sold, at recent rates. In the uranium section, N.A.U.C. shares rose to 10s 6d from 9s on Thurs- ■’ y. Other uranium shares were quiet but firmer. Oil stocks generally were steady. Sales.—Commercial Bank of Australia, 20s; Bank of New South Wales, £36 17s 6d; Tooths, 545; Tooheys, 29s 3d, and rights, 8s 2d; Associated News. 26s 6d, and preference, 20s 7Jd; Amalgamated Wireless, 39s 6d; A. Hordern, 34s 6d; A.C.1., 48s 3d; A.P.M., ex div., 20s 3d; Bradford, 425; British Tobacco, 365; Broken Hill Proprietary, 41s 3d; Bums, Philp. 61s 6d; Colonial Sugar, £4O 17s 6d; David Jones, 565: Drug Houses, 335: Dunlop, 345; Email, 17s; G. J. Coles, 18s 7|d; Goldsbrough, 445; N.Z. Forest, 17s 7Jd; W. Mofflin, 5s 2d; Woolworths, 18s 9d; Yarra Falls, 355; Mount Morgan, 25s 6d; Peko, 8s 8d; Mount Lyell, 24s 6d; South Broken Hill, 66s 6d; Consolidated Zinc, 58s; Mount Isa, 65s 3d; Ampol Petroleum, 15s lOJd; Ampol Exploration, 17s; Freney, 3s. MELBOURNE Trading was lighter in the investment section of the Melbourne Stock Exchange yesterday, and prices recorded an irregular trend. Fluctuations were mostly narrow. Uranium was in keen demand, N.A.U.C.’s leading the rises with a gain of Is 6d. Other mining stocks moved variably. Sales.—Mount Lyell, 24s sd; Ampol Exploration, 16s 9d, and rights, 10s 9d; Oil Search, 9s 9d; A. and N.Z. Bank, 41s; Commercial Bank, 19s 9d; Huddart Parker, 54s 3d; Associated Pulp, 26s 7d, and 5s paid, 10s 3d; A.C.1., 48s 9d; A.P.M., 20s Id; Australian Iron and Steel, pref., 265; Bradford, 41s 6d; British Tobacco, 3 r 3 3d; Broken Hill Proprietary 41s 4d, and contributing, 19s 7d; Dunlop, 345; Electro. Zinc, 42s 6d, and pref., 41s 3d; Felt and Textiles, 23s 9d; G. J. Coles, 18s 8d; Gordon and Gotch, 19s 3d; Henry Jones, 495; Herald, 18s 6d, and “B” pref., 20s 3d; 1.C.1., 425; Kauri Timber, 38s 9d; Olympic, 8s lid; Batons and Baldwins, 23s 9d; Woolworths, 18s 6d. LONDON Broken Hill South, 52s 6d; Broken Hill Proprietary, 33s 6d; Consolidated Zinc. 46s 9d; Mount Morgan, 19s 3d. CHRISTCHURCH QUOTATIONS

CHRISTCHURCH Var*n. Sales on 'Change Listed £ s. d. £345 Govt. Stock. 3 p.c., 1960-63 .. 500 National Bank of A'asia., 12s 6d pd., 91 3 6 — c.d. 1000 N.Z. Guarantee .0 16 9 4-3d Corpn. 700 Woolworth, N.Z., 0 2 4 +ld Ltd. (3 sales) £265 Govt. Stock, 31 0 19 6 4-3d p.C., 1959-60 Sales Reported, £1040 Govt. Stock, 3 p.c., 98 0 0 Listed 1960-63 200 Comm. Bank of 91 2 6 Australia 150 Christchurch Gas, 0 15 10 N.C. late sale Thursday 10uO National Mortgage 0 16 9 4-3d 0 11 0 N.C. 200 Union Steam, pf. 100 Bonds Hosiery, late 15 0 N.C. sale Thursday 3 10 0 N.C. 200 Bonds Hosiery .. 3 10 0 N.C. 100 Broken Hill Pty. 100 Dorn. Fertiliser, 1 13 0 N.C. late sale Thursday 500 Milburn Lime, late 2 4 3 sale Thursday 17 0 — 200 Milburn Lime 17 0 — 500 Tip Top Ice 200 Tip Top Ice, late 0 19 6 N.C. sale Thursday 0 19 6 N.C. 1000 Woolworths, N.Z. 0 19 6 4-3d 200 McKenzies, c.d. .. 116 4-6d

N.Z. Govt. Stocks— Buyers. Sellers. £ s. d. £ s. d. 3 p.c., 15/9/52-55 .. 99 12 6 3 p.c., 15/5/53-56 .. 99 10 0 ___ 3 p.C., 15/12/53-56 .. 98 15 0 __ 3 p.c., 15/2/55-58 .. 96 15 0 M— 3 p.c., 15/4/56-59 .. 94 17 6 —— 3 p.c., 15/11/57-60 .. 94 15 0 — 3 p.C., 15/8/59-61 .. 93 2 6 93 10 0 3 p.c., 15/4/60-62 .. 91 7 6 3 p.c., 15/7/61-63 .. 91 10 0 ___ 3 p.c., 15/6/61-64 .. 91 5 0 3 p.c., 15/7/63-65 .. 90 12 6 - 31 p.c., 15/1/56-59.. 96 10 0 31 p.c., 15/9/57-60 .. 94 10 0 — 31 p.C., 15/1/53-57 .. 99 0 0 — 4 p.c., 31/5/54-58 .. 100 15 0 3J p.C., 1962 97 17 6 32 p.C., 1959 97 15 0 32 p.c., 1959-60 .. 97 17 6 — 32 p.c., 1965 95 15 0 Local Body Debentures— Chch. Drainage, 4 p.c., 31/12/63 101 10 0 Chch. Drainage, 4 p.c., 31/12/68 __ 96 17 8 Nelson City, 4 p.c.. 29/10/72 96 0 0 Timaru City, 31 p.c., 31/3/63 92 0 0 Timaru City, 31 p.c.,, 31/3/61 — 92 15 0 Timaru City, 34 p.c., 31/3/62 92 5 0 BanksAust. and N.Z. 1 12 6 — Comm, of Aust. .. 0 15 10 —■ Pref 6 * 6 — E., S., and A x.d. 6 0 0 Nat. of A’asia., £1 1 7 6 18 3 12s 6d .. 0 16 6 National of N.Z. .. 4 16 0 5 0 0 N.S.W. 32 10 0 Breweries— Ballins, ord. 1 8 6 __ Pref 0 3 —— New Zealand 2 10 0 Tooheys, rights .. 0 7 0 Frozen MeatCanterbury 24 0 0 24 15 0 Pref. 7 5 0 Gear 1 7 3 N.Z. Refrig., 10s .. 14 0 Nth. Canty., pref. 1 3 0 Southland 3~0 0 GasAuckland 0 5 6 Christchurch 0 16 9 Contr. 0 7 8 0 8 2 Wellington, pref. .. 116 Insurance— FA.M.E. 1 8 0 National, c.d. 18 0 New Zealand 8 17 0 South British 3 0 9 —

Loan and Agency— C.F.C.A., ord. Buyers. Sellcis. £ s. d. £ 1 s. d. 11 3 Credit and Finance 1 1 6 1 1 0 Chch. Bldg. c.d. .. 16 15 0 MM Dalgety A. c.d. — 0 10 9 B, c.d. —M 0 11 0 Nat. Mortgage “A" -MM 0 11 0 N.Z.F. Co-op. 0 14 0 MM “A" pref. —I— 0 14 0 4J p.c. Stk., ’60 97 0 0 WM 4J p.c. Stk., ’55 95 0 0 MM N.Z. Guarantee 0 2 3 0 2 4 Perm. Invest. 11 10 0 — Perpetual Trustees 2 5 0 — S. Island Finance 1 7 6 MM United Building .. 10 0 Wright, Stephenson ‘ 2 4 6 2 5 0 Contr. 1 18 0 1 18 6 Shipping— N.Z., pref. 10 5 0 WM Huddart Parker .. 2 3 0 2 4 6 Pref. 0 17 9 MM Northern 0 14 6 MM Union, pref. .. -k 15 3 Woollens— Bonds ... • • 2 9 6 —— Bruce • • 2 4 6 MM Feltex 3 6 14 0 New Zealand 1 14 3 MM Pref. — 12 0 Tekau — 15 6 Pref. — 116 Lane, Walker, Rudkin 2 3 0 Pref. 1 2 0 — Wellington 11 0 0 MM Pref. 11 0 0 — Miscellaneous— Airwork 1 0 6 14 6 Alloy Steel (N.Z.), c.d. m™ 2 9 0 Amalg. Batt. 1 11 3 — Ampol 0 12 6 MM Andersons, 1st pf. 1 2 0 — Aulsebrooks, pref. 2 0 12 3 Aust. C.I. 1 18 0 1 19 0 Aust. Found. Invest m~ 0 5 0 Avon Metal 0 5 0 0 9 9 Beath and Co., Is paid 1 2 6 —— Berlei 1 16 6 Berlei (N.Z.) 2 5 0 — Bcoth, Mac. 0 5 0 0 5 4 Brit. Tobacco 1 8 9 MM Broken Hill Pty. .. 1 12 9 —— Cribb and Foote .. KM 110 Bums, Philp, c.d. 2 8 0 — Claude Neon (N.Z.) 2 6 0 MM Colonial Sugar 32 12 6 MM Coulls, Somerville 14 9 1 16 0 Dom. Bifilders 0 10 3 0 11 0 Donaghy’s Rope .. —— 2 3 6 D.I.C., pref., c.d. .. 1 2 9 —M Dunlop, N.Z., x.d. — 113 Pref. 0 16 6 —M Electro. Zinc, ord. —— 1 15 6 Electro. Zinc, pref. 1 14 0 Evans Atlas 0 17 6 WM Farmers’ Trading 1 0 9 110 Fletchers — 2 16 “C” pref. — 114 Frozen Prods. 0 7 3 MM G. J. Coles 0 14 7 0 14 9 Hallensteins 15 0 —MHay’s, pref. 1 1 6 12 0 Hay’s —— 1 13 6 Humes (N.Z.), pf. 1 1 6 —— I.C.I., A., N.Z. 1 12 9 1 14 0 J. Gadsden 1 9 6 Pref. 12 0 John Chambers .. 1 9 0 19 6 J. J. .Niven . 2 8 9 J. Wattie 1 18 6 —■ K.P. Drugs 6 17 0 —— Mackintosh, Caley — 0 8 0 Mas., Struthers, £1 paid 1 13 6 -MM McCaskey, pref. .. 0 17 9 0 18 0 McKenzies, c.d. 1 1 3 12 0 McLeod, c.d. — 2 4 0 Midland Motors, pf. —, . 10 6 Milburn Lime 6 11 17 3 Morris Hedstrom .. 2 1 0 -—— National Electric .. 6 5 0 —— N.Z.F. Fertiliser .. — 1 19 3 N.Z. Forest Prods. 0 14 7 0 14 9 Pref. —■ 0 19 0 N.Z. Industrial Gas, pref. —. 10 8 N.Z. Paper Mills .. 1 11 0 — Norvic Shoes 0 13 8 0 14 9 Otago Daily Times 2 9 0 Radio, 1936 0 18 0 —M Quill, Morris 1 5 0 MM Ross and Glendining .. — 1 17 0 Sharland, c.d. — 3 3 0 Skellerup, pref. — 1~1 0 Tip Top 0 19 6 MM Turnbull and Jones, pref. — 116 Tasman, 10s paid .. —— 0 12 6 Weeks, pref. — 12 3 Speedway 1 5 6 MM Whakatane, ord. .. — 119 Whit, and Tombs .. 1 14 h Wm. Cable 1 11 6 Williamson, Jeffery 1 3 0 Mm Wilson Malt, c.d. .. MM 116 Wilson’s Cement .. 0 14 6 W'worths., ord. 0 14 5 0 14 7 Properties 0 16 0 (N.Z.)., ord. 0 19 6 0 19 8 Pro., pref. —M 12 5 W. R. Ccoke and Son 0 15 0 _ _ Tasman, £1 paid.. —M 12 9 Waltons. 5s MW 0 10 6 Aust. Mining— Mount Lyell 1 0 0 10 3 Mount Morgan 10 9 Mining— Grey River 0 3 0 0 4 0 Kaniere 0 8 0 WM Snowy River 0 3 3 0 3 0 UNLISTED STOCKS Buyers. Sellers. £ s. d. £ s. d. Amuri Lime — 10 0 Andrews and Bea”en, pref. 1 3 0 MW Bing, Harris, x.d. 1 0 0 —W Beaths (Is paid, 19s . deposit) 2 1 10 Mm Buntings MW 19 3 Canty. Seed 10 0 ww Carbonic Ice 3 1 6 MM Chch. Press 12 10 0 Cory-Wright and Salmon 1 10 0 M— Europa Oil (N.Z.), pref. 1 12 0 MM Colonial Motors .. 1 14 0 MW Kaiapoi 1 8 6 ww' Pref 1 0 0 15 0 Mt. Cook Tours .. 0 9 6 S.I. G’tee. Corp, pref. MM 116 National Tobacco .. 0 15 9 MW N.Z. Fisheries 0 6 3 — N.Z. Motor Bodies 2 3 3 Tingey, R. and E. —— 0 10 9 Ltd., E., ord. 0 6 9 Z M— Prudential Bldg. .. M— 19 0 0 Rink Invest. 1 12 0 —w. Scales 0 11 3 M|,U Tudor Hosiery 1 1 8 —