COMMERCIAL

Press, Volume XCI, Issue 27643, 27 April 1955, Page 16

COMMERCIAL

STOCK EXCHANGES SIGN OF BUOYANCY The week opened quietly on the Christchurch Stock Exchange yesterday. Sales were few but most sections had good buying support. Government stock was remarkably strong, with buyers for 23 issues and sellers for none. Invariably, because of its influence on interest rates, the market for Government stock has a marked effect on the stock exchange markets generally. Any buoyancy of State securities has a favourable reaction on other sections of the exchange. The recently issued shares by the Cyclone Fence and Gate Company, Ltd., were quoted for the first time, buyers appearing in the unlisted section at Ils 9d, but sellers were wide at 15s. The company’s Issue of preference shares also made their Initial appearance at 10s 3d and 10s 9d, respectively. Both issues are paid to 10s. DOMINION TRANSACTIONS CHRISTCHURCH

AUCKLAND Sales.—2oo Comm. Bank of Aust., 15s lOd; 26 Comm. Bank of Sydney, £l5 16s; 450 N.Z. Breweries, 49s 9d; 150 South British, 61s 6d; 416 Northern Steam, 14s 9d; 100 Feltex, N.Z., 34s 6d; 400 Timaru Wool, 33s 6d; 1000 Alex. Harvey, 34s 3d; 100 Ampol Petroleum, 13s; 300 A.C.1., 38s 3d; 100 Aust. Iron and Steel, pref., 21s 3d; 5 Colonial Sugar, £32 15s; 300 DI.C., 24s 9d; 150 Dunlop, N.Z., pref., 16s 9d; 500 Griffins, 435; 300 Hawkins Holdings, 255; 100 Henry Jones, 395; 500 Forest Products, 14s 9d; 50 Sharlands, 70s; 200 Tip Top Ice, 19s 6d; 100 Wm. Cable, 31s 3d; 100 Woolworths, N.Z., 19s 9d. Unlisted: 200 Matea Forests, 3s 6d. WELLINGTON Sales.—Late Friday: 2000 N.Z. Forest Products, 14s 9d; 280 N.Z. Farmers’ Fertiliser, 38s 3d. Unlisted: 100 Scoullars, 14s. Yesterday: £5OO 3 per cent., 55-58, £97 2s 6d; 300 Tasman Pulp, 12s 6d; 100 N.Z. Refrigerating, 48s; 150 N.Z. Insurance, £6 17s 6d; 200 Northern Steam, 14s 9d; 100 Wright, Stephenson, cont., 38s; 400 Woolworths, Ltd., 14s 6d; 5 Colonial Sugar, cum div., £32 15s; 374 N.Z. Farmers’ Fertiliser, 38s »d; 181 Woolworths, Ltd., 14s 6d; 350 N.Z. Forest Products, pref, (two sales), 18s 7Jd: 500 Wm. Cable Holdings, 31s 6d; 200 Whakatane Board, new, 21s 3d. Unlisted: 200 G. H. Scales, Ils 3d. DUNEDIN Sales.—Late Friday: 200 Commercial Bank, ord., 16s. Yesterday: 300 N.Z. Breweries (three sales), 50s; 50 Hallenstein Bros., pref., £5 15s. Sales Reported.—soo National Mortgage, A,” Ils; 500 Fletcher Holdings, “C” pref., 21s 4d; 200 Mackintosh, Caley, Phoenix, new, 7s 9d; 200 Chas. Begg, 565; 200 Booth, Macdonald, 5s 3d. INVERCARGILL S* l ®’ Reported.—4oo Broken Hill Pty., 335; 300 Mackintosh, Caley, new, 7s 9d; 400 Frozen Meat (two sales), OVERSEAS EXCHANGES SYDNEY The demand for uranium prospecting shares intensified on the Sydney Stock Exchange yesterday, and several sharp rises were recorded. Oil shares were generally steady. The tone of the investment market showed little change. Sales.—A.N.Z. Bank, 40s; Commercial « °/ Sydney, £l9 15s; Commercial o an £ s ustralia - Ws 9d; Bank of New S2. ut £ J W *} es ’ , ex div -. £36 17s 6d; Tooheys, 538 6d; Associated Pulp, British Tobacco, 3 $L Broken Hill Proprietary, ex div., 41s j Electrolytic Zinc, pref., 42s 6d; Felt 3 £ : Goldsbrough, 43s 9d; w OI V 20s 3(l ' Taubmans, 17s 6d; Wool worths, ex div., 18s 7Jd; Mount Mor6*iL P^ ko ’, 8s 8d: Mount Lyell, 24s , North _Broken Hill, 925; Ampol Petroleum, 15s 10jd; Ampol Exploration, IfearSV 9^4d >CiSted Freney ’ 5s u <k Oil _ MELBOURNE Investment trading was quiet at Melbourne yesterday, and prices recorded a variable trend. Uranium stocks were marked up strongly, North Australian Uranium leading the rises with a gain of 3s. Uranium Development rose Is 3d, and Uranium Mines Is sd. Trading in other mining stocks was quiet. ~. Sa l'.’" — Mount Isa. 64s 6d; Mount Lyell. 24s 3d; Mount Morgan, pref., 14s; Amxd Exploration, rights, 10s 8d; Oil Search. 9s: Commercial Bank, 19s 6d: Carlton Brewery, 455: Huddart Parker. 545: Ampol, options. 3s 2d, and pref., 19s 3d; Associated Jhilp, 26s 6d; Aust. Consol., 48s Sd; APM.. ord.. 20s 3d; British Tobacco, 36s 6d; Broken Hill Proprietary, 41s 6d, and contributing. 19s Sd; Courtaulds, 17s 9d: Dunlop, 33s 9d; Electro. Zinc, pref.. 425, an i 435; G - J - Coles. 18s Bd, and pref., 28s; Herald. 18s 7d; Humes, ”B” 71 PCT cent, pref., 22s 6d; 1.C.1.. A.N.Z.. 425. 8?ll§ re1 ’’ 19s B<S: Myer ' l3s Ud: Olympic.

. LONDON Broken Hill South, 53s 6d; Consolidated Ztoc, 45s Sd; Mount Isa. 51s 3d; New Guinea Gold, Is 6d.

Sales on 'Change , Listed £ S. d. Var*n. 300 United Building (2 sales) 0 19 9 __ 100 Kauri Timber 1 11 0 —9d Sales on ’Change, Unlisted 160 E. Reece, ord. 0 6 9 N.C. Sales Reported, Listed 100 N.Z. Insurance (2 sales), late Friday . 6 17 3 -|-3d. 200 Booth, Macdonald .. 0 5 3 N.C. 200 Farmers’ Trading, ord. (late sale Friday) 2 3 3 Sales Reported, Unlisted 500 R. and E. Tingey, ord. 0 10 6 N.C.

CHRISTCHURCH N.Z. Govt. Stocks— QUOTATIONS Buyers. £ s. d. Sellers. £ s. d. 3 p.c., 15/9/52-55 .. 99 12 6 3 p.c., 15/5/53-56 .. 99 12 6 3 p.c., 15/12/53-56.. 98 15 0 3 p.c., 15/2/55-58 .. 96 10 0 3 p.c., 15/4/56-59 .. 94 15 0 MM 3 p.c., 15/11/57-60 .. 94 12 8 3 p.c., 15/8/59-61 .. 93 2 6 MM 3 p.c., 15/4/60-62 .. 91 10 0 MM 3 p.c., 15/4/60-63 .. 91 0 0 MM 3 p.c., 15/7/61-63 .. 91 10 0 MM 3 p.c., 15/6/61-64 .. 91 5 0 MM 3 p.c., 15/7/62-64 .. 91 0 0 MM 3 p.c., 15/7/63-65 .. 91 0 0 MM 3 p.c., 15/5/64-66 .. 90 12 6 MM 31 p.c., 15/1/56-59 .. 96 0 0 31 p.c., 15/9/57-60 .. 94 15 0 MM 31 p.c., 15/1/53-57 .. 94 0 0 MM 31 p.C., 15/5/62 .. 98 0 0 MM 4 P C., 31/5/54-58 .. 100 12 8 31 p.c., 15/9/59 .. 98 0 0 MM 31 p.C., 59-60 98 10 0 p.C., 15/9/65 .. 95 15 0 MM Banks— Comm, of Aust. .. 0 15 16 0 16 2 Prof. 6 4 6 Natl, of A’asla, £1, c.d. MM 18 6 12s 6d, c.d. 0 16 6 N.S.W 32 12 6 —M N.S.W., Syd. Reg. 30 10 0 Breweries— Ballins, ord. 18 6 Pref. 10 3 New Zealand 2 9 6 2 10 0 Tooheys, rights 0 6 0 Frozen MeatCanterbury . • 24 0 0 24 15 0 Pref. 7 0 0 — N.Z. Refrig. 2 7 9 2 8 3 10s —— 14 0 Nth. Canty., pref. 13 0 GasAuckland 0 5 6 - • - Christchurch .. 0 16 9 MM 10s paid •. 0 7 9 0 8 3 Wellington —— 12 0 Pref. .. — 116 InsuranceNational, c.d. mm 18 0 New Zealand 6 17 0 South British .. 3 10 —— Loan and Agency— C.F.C.A., ord. 1 11 0 Chch. Bldg. c.d. .. 16 15 0 Dalgety A, c.d. 0 10 9 B, c.d. — 0 11 0 London Reg. 0 11 0 Credit and Finance 14 0 Nat. Mortgage “A” — 0 11 2 “B” 2 18 0 N.Z.F. Co-op. 0 14 0 MM 1st pref. 0 15 0 MM “A” pref. — 0 14 0 4j p.c. Stk., ’60 97 0 0 MM 41 p.c. Stk., *55 95 0 0 MM 4/7/61 .. — • 97 0 0 N.Z. Guarantee .. 0 2 4 Perm. Invest. 11 12 6 MM Perpetual Trustees c.d. 2 5 0 MM S. Island Finance 17 6 MM United Building .. 10 0 Wright, Stephenson 2 4 6 MM Cont. 1 17 9 MM Shipping— N.Z., pref. 10 5 0 MM Huddart Parker .. 2 2 6 2 4 6 Pref. 0 17 9 Union, pref. •• —— 15 3 Timber— Kauri 1 10 9 Putaruru •• — o 13 o Taupo Totara — 2 16 0 Woollens— Feltex, N.Z., pref. — 12 0 Tekau 14 6 15 6 Lane, Walker, Rudkin 2 3 0 Pref. .« •• 12 0 MM Wellington 11 0 0 MM Pref. 11 0 0 MM Miscellaneous— Airwork 10 6 MM Acetone, pref., c.d. 1 11 3 — Ampol Andersons, 1st pf. 1 ~2 0 0 13 3 Andrews and Beaven, pref., new .. MM 12 3 Aust., CX 1 18 0 MM Andrews and Beaven, pref. 10 0 MM Aust. Found. Invest MM 0 5 0 Avon Metal 0 5 3 0 9 9 Beath and Co., Is paid 12 6 MM Berlei — 1 17 0 Berlei Industries .. 2 5 0 MM Booth. Macdonald British Tobacco .. 0 5 2 18 9 0 5 6 19 9

Buyer,. Sellers. iE a. d. Broken Hill Pty. .. Claude Neon (NX.) 1 13 3' 2 9 8 Colonial Sugar •• 32 15 0 ww Cribb and Foote .. MW 110 Dom. Builders 0 10 3 Donaghy’s Rope .. 2~3 8 D.I.C.. 10s paid •• •WW 15 0 Pref., c.d. 12 8 Dunlop, N.Z., 1 "1 8 Pref. 0 16 6 0 17 0 Electro. Zinc, ord. 1 15 6 Evans Atlas Farmers, “C” pref. 0 17 6 1 "1 0 Fletchers .. _w 2 19 "C” pref. mm 114 Griffins .. .. VW 2 4 0 G. X Coles .. 0 14 7 0 14 8 Greater Crystal .. 13 0 WV Hallensteins 1 15 0 MM Hay’s, pref. 117 12 0 Hay’s W_W 1 13 6 Humes (N.Z.), pf. lie MM I.C.I., A.. N.Z. .. 1 12 6 MM J. Gadsden 19 6 WWW Pref. lie MM J. J. Niven 9 8 6 X Watties 1 16 0 1 16 9 KJ». Drugs 8 17 0 John Chambers .. Mas., Struthers, £1 19 0 1*9 6 paid 1 12 6 MM McCaskey, pref. .. Matthews Thompson 0 17 9 0 18 0 0 4 6 McKenzies, c.d. .. 1 T 1 12 0 Milbum Lime M.K. Manufact. .. —— 0 13 0 Morris Hedstrom .. 2 10 N.Z. Forest Prods. N.Z. Industrial Gas, 0 14 9 0 14 11 pref. N.Z. Newspapers, ■ — 10 8 c.d. .. 1 13 0 WWW N.Z. Paper Klills .. 1 11 0 Norvic Shoes 0 13 9 0 15 0 Otago Daily Times Radio (1936) 2 9 0 0 18 1 WWW Quill. Morris R. and E. Tingey, 15 0 pref. 12 0 WWW Reid Rubber .. 1 3 10 14 3 Pref. M— 110 Sharland, c.d. 3 3 0 Ross and Glend. .. 1 17 3 Skellerup, pref. WV 110 Transport (Nelson) 17 8 WWW Speedway Products 15 6 WW. Tasman, 10s paid .. 0 12 6 Weeks, pref. WM 12 3 Tip Top Ice 0 19 6 Whakatane, ord. .. www 17 T Whit, and Tombs .. —— Wm. Cable Williamson, Jeff- — 1 11 6 ery 13 0 14 0 Wilson Malt, c.d. .. WWW 116 Woolworths, ord. .. 0 14 5 Properties (N.Z.), ord. 0 16 0 WWW 0 19 7 0 19 9 Pp., pref. W-w 12 6 Tasman, £1 paid .. W. R. Cooke and — 12 6 Son 0 15 0 MM Waltons, 58 paid ... WWW 0 10 9 2s 6d paid .. Aust. Mining- — 0 6 9 Mount Lyell .. 0 19 11 10 6 Mount Morgan .. Mining— — 10 9 Grey River •. OSO MM Kaniere 0 8 0 MM Snowy River UNLISTED 0 3 3 STOCKS 0 3 6 Buyers. Sellers. Cyclone Fence and £ s. d. £ s. d. Gate, ord., 10s pd. 0 11 9 0 15 0 Pref. Andrews and Bea0 10 3 0 10 9 •’en, pref. Beaths (Is paid, 19s 1 3.0 deposit) 2 2 0 WM Buntings 18 0 19 3 Carbonic Ice 3 19 Christchurch Press Cory-Wright and 12 10 0 — Salmon Europa Oil (N.Z.), 1 10 0 — pref. .. •• 1 12 0 M. Colonial Motors .. 1 14 0 Kaiapol .. .. 18 0 1 10 0 Pref. ;.. 15 0 Mt. Cook Tours .. 0 9 8 N.Z. Fisheries 0 6 3 010 0 NX. Motor Bodies WWW 2 3 3 Tingey, R. and E. WWW 0 10 9 Ltd., E., ord. 0 6 9 MM Regent Theatre .. 0 16 0 WWW Prudential Bldg. .. Sth. Island Guar., — 0 19 0 pref. Pyne, Gould, Guin- — 119 ness, “A” 104 0 0 107 0 0 Tudor Hosiery Weeks (Wanganui), 118 14 0 pref. —— 12 0 Vibrapac .. —» 15 0