COMMERCIAL

Press, Volume XCI, Issue 27664, 21 May 1955, Page 8

COMMERCIAL

STOCK EXCHANGES N.Z. BREWERIES HOLD THEIR GROUND Main features of yesterday’s trading on the Christchurch Stock Exchange were the relatively heavy trading in New Zealand Breweries at the firm rate of 50s, and the hardening of New Zealand Refrigerating Company’s shares, the paids improving to business at 48s 6d, and the contributings to a sale at 23s 9d. _ Booth, Macdonalds weakened further to business at ss, with more on offer at the same price, but further buyers limited their offers to 4s -fld. DOMINION TRANSACTIONS CHRISTCHURCH

AUCKLAND -Sales.—Late Thursday: £3500 15/11/5760, 3 per cent., £94; 185 A.N.Z. Bank, 32s 6d; 100 Dominion Breweries, 91s 6d; 2529 Auckland Gas, 5s paid, 2s 3d; 200 Newton King, 17s 6d; 200 W.F.C.A., pref., 21s; 200 British Tobacco, 30s; 200 Courtaulds, 14s 7Jd; 500 N.Z. Newspapers, 32s 9d; 200 Silknit, 12s; 200 Wilson’s Cement, 14s lid. Yesterday: £l5lO 15/2/55-58, 3 per cent., £97 10s; £2OO 15/4/56-59, 3 per cent., £95 12s 6d; £2OO 1/9/65, 38 per cent., £96 12s 6d; 365 A.N.Z. Bank, 32s 6d; 500 Commercial Bank of Australia, 15s lOd; 5 Bank of New South Wales, £33 7s 6d; 100 Dominion Breweries, 91s 6d; 200 Traders’ Finance, con., 15s 6d; 400 Alex Harvey, con., 22s 3d; 150 Broken Hill Proprietary, 335; 30 Colonial Sugar, £33 ss; 100 Electro Zinc, pref., 35s 6d; 200 Fletchers, *’C pref., 21s 4d; 300 Hawkins Holdings, 265; 400 Humes, 51s 3d; 200 John Chambers, 30s 6d, and 100, 30s 9d; 500 Motor Specs., pref., 20s 6d; 300 Forest Products, 15s 7d, and 200, 15s 6d; 100 N.Z. Newspapers, 32s 9d; 200 Purr Pull, 31s; 600 Tasman Pulp, con., 12s 7d, and 200 paid, 22s 9d; 100 Toppa, 5s 6d; 100 Whakatane Board, pref., 21s 6d; 100 William Cable, 32s 6d; 400 Wilson’s Cement, 14s lid; 100 Placer Development, £ll 10s. Unlisted: 200 J. Yock, 34s 6d; 1000 Matea Forests, 4s 7d. WELLINGTON Sales.—Late Thursday: £3500 3 per cent., 1957-60, £94; 200 M.K. Manufacturers, 12s; 200 Ross and Glendining, contrib., 20S. Yesterday: £lOO 3 per cent., 1955-58, £97 10s; 20 Bank of New South Wales (3 sales), £33 7s 6d; 400 N.Z. Breweries (4 sales), 49s 6d, and 200, 49s 9d; 50 Tooths, ex div., 455; 400 National Mortgage “A,” Ils; 200 W.F.C.A., preL, 21s; 100 Broken Hill Proprietary, 335; 400 J. Wattie Canneries (2 sales), 365; 100 Milne and Choyce, 60; 100 Ross ahd Glendining, 36s 9d; 100 Whakatane Board, pref., 21s 6d; 200 Woolworths, Ltd., 15s; 1150 Woolworths Properties Preferred, ords., 16s 6d; 200 Booth, Macdcnald, 5s 3d; 200 N.Z. Forest Products, 15s 7d; 400 Wilson’s Cement, 14s lid. Unlisted: 400 G. H. Scales,, ord.. 10s paid, 12s. DUNEDIN Sales.—so N.Z. Breweries, 49s 3d; 100 Milburn Lime, 28s. Sales Reported.-—2OO National Mortgage “A," Ils: 200 Broken Hill Proprietary, 335; 55 KP. N.Z Drug, £7 4s; 300 N;Z. Forest Products, ord.. 15s 4d; 900 N.Z. Newspapers, 32s 9d; 200 N.Z. Refrigerating, con., 33s 9d; 400 National Mortgage *'A,‘ Ils; 100 DJ.C., ord., 255; 100 Aulsebrooks Company, pref., 22s 3d; 100 Lane, Walker, Rudkin, pref., 225. OVERSEAS EXCHANGES SYDNEY The investment section of the Sydney Stock Exchange expanded slightly yesterday, but prices showed little change. Leading industrial stocks were generally steady. Sales.—Commercial Bank of Sydney, £2O; Bank New South Wales, £37 ss; Tooheys, 29s lOJd; Tooths. 56s 6d; Associated News, 26s 6d; Amalgamated Wireless, 395; A.C.1., 48s; Australasian Paper Manufacturers, 20s 3d; British Tobacco. 37s 9d; Broken Hill Pty., 41s 6d; Colonial Sugar, £4l 10s; Courtaulds, 17s 9d; Drug Houses, 32s 6d; David Jones, 57s 6d; Dunlop, 32s 6d; Felt and Textiles, 30s; G., J. Coles, 18s 6d; 1.C.1., 425; New Zealand Forest, 19s; Patons and Baldwin, 26s 6d; Taubmans, 17s 4|d, and pref. 19s 3d; W. Mofflin, 5s sd; Woolworths, 18s 9d; Mt. Morgan, 255; Peko, 7s lOd; Mt. Lyell, 24s 9d; Mt. Isa, 65s 3d; South Broken Hill, 665; Ampol Petroleum, 17s 3d; Ampol Exploration, 20s IJd; Associated Freney, 4s lOd; Freney, 3s; Oil Search, 8s lOd. •* MELBOURNE Prices held firm in the investment section at Melbourne yesterday, and trading overall was quieter. Few stocks reached the sales list in an inactive mining section, and prices continued to ease. Sales.—Broken Hill South, 665; Consolidated Zinc, 60s 6d; New Broken Hill. 45s 6d; North Broken Hill, 935; Ampol Exploration, 20s; Oil Search, 9s; Commercial Bank, 19s 9d; Ampol, 17s Id, and options 4s 2d; Associated Pulp, 275; A.C.1., 48s 3d; A.P.M., 20s 6d; British Tobacco, pref., 225; Broken Hill Pty., 41s 2d, and cont., 19s 6d; Colonial Sugar, £42; Courtaulds, 18s; Dunlop, pref., 35s 9d; G. J. Coles, 18s 6d; Henry Berry, “A” pref., 13s 4d; Henry Jones, 50s 9d; Herald, 20s; Humes, 64s 6d; 1.C.1., A.,_N.Z., 425; Myer, 14s 3d; N.Z. Forest, 18s lOd; Olympic, 9s; Woolworth's, 18s lOd.

LONDON Governments.—Consolidated 21 per cent., £6l 10s; Funding Loan. 4 per cent., £97 10s; War Loan, 31 per cent., £Bl 10s; Conversion Loan, 31 p‘er cent., £Bl 10s; Victory Bonds, 4 per cent,, £9B 10s; Commonwealth, 3J per cent., £92 10s: Commonwealth, 31 per cent., 1956-61, £93 10s; Commonwealth, 31 per cent., 1965-69, £B7 10s; Commonwealth, 3 per cent., £95 10s; South Australia, 3 per cent., £67 10s; New Zealand, 3 per cent., £lOO 10s. Minings.—Consolidated Zinc, 47s 9d; New Broken Hill, 36s 3d; Mt. Lyell. 19s; Mt. Isa, 50s 6d: Bulolo Gold, 41s 3d.

Sales on ’Chance, Listed £ s. d. Var’n. £200 N.Z. Govt. Stock, 3 -P.C., 1955-58 97 5 0 - £300 1957-60 93 17* 6 — 5 Bank of N.S.W. .. 33 5 0 —2/6 550 N.Z. Breweries, cum div. (7 sales) 2 10 0 N.C. 200 United Building .. . 0 19 9 N.C. 400 Booth, Macdonald 0’5 0 —3d 200 D.I.C. 1 5 0 4-ls 100 G. J. Coles 0 14 8 N.C. 200 Watties Canneries 1 16 0 N.C. 100 Tasman, 10s paid .. 0 12 6 N.C. Sales Reported, Listed ' 50 N.Z. Refrig. 2 8 6 +6d 200 N.Z. Refrig., 10s paid .. • • 100 G. J. Coles 13 9 +3d 0 14 8 N.C. 50 K.P. Drugs 7 5 0 4-2/6 300 Milne, and Choyce (two sales) 3 0 0 4-0d 200 M.K. Manufacturers (late sale Thurs.) 0 12 0 —6d 100 N.Z. Forest Prod. 0 15 7J -lid 700 Tip Top Ice 113 —Id 100 Waltons, 2s 6d paid 0 7 3 — 14 Wellington Woollens, pref, (late sale Thursday) 11 5 0 — 100 Watties 1 16 0 N.C.

CHRISTCHURCH N.Z. Govt.— QUOTATIONS Buyers £ s. d. Sellers £. s. d. 2J p.c., 15/5/55-56 .. 97 15 0 —— 3 p.c., 15/9/52-55 .. 99 15 0 3 p.c., 15/5/53-56 .. 98 15 0 __ 3 p.c., 15/12/53-58 .. 99 7 6 99 10 0 3 p.c., 15/2/55-58 .. 97 5 0 97 10 0 3 p.c., 15/4/56-59 .. 95 15 0 3 p.c., 15/11/57-60 .. 93 17 6 MM 3 p.c., 15/8/59-61 .. 93 17 6 94 5 0 3 p.c., 15/4/60-62 .. 92 15 0 —_ 3 p.c., 15/4/60-63 .. 92 0 0 3 p.c., 15/7/61-63 .. 92 15 0 — 3 p.c., 15/6/61-64 .. 92 0 0 — 3 p.c., 15/7/62-64 .. 91 15 0 mm. 3 p.c., 15/7/63-65 .. 91 7 6 —— 3 p.c., 15/5/64-66 .. 89 10 0 ——. 31 p.c., 15/1/56-59 .. 97 5 0 __ 4 p.c., 31/5/54-58 .. 101 5 0 mm 3J p.c., 1959 99 2 6 __ 32 p.c., 1962 97 0 0 ___ 32 p.c. Ins., 1965-66 96 15 0 Banks— A. and N.Z. Bank, “B” 1 15 0 Aust, and N.Z. 1 12 6 Comm, of Aust. .. mm 0 16 0 Pref. 6 6 0 N.S.W. .. 33 2 6 33 5 0 Breweries— Ballins, ord. 18 9 MM Pref. 10 6 MM Dominion — 4 11 9 New Zealand 2 9 6 2 10 0 Frozen Meat— Canterbury 24 0 0 25 0 0 Pref. 7 6 0 Mm N.Z. Refrig. mm. 2 9 0 N.Z. Refrig., 10s .. 13 4 13 9 Nth. Cant., pref. .. 13 3 14 0 GasChristchurch 0 17 3 0 18 0 Contr. .. 0 7 9 Wellington, pf., c.d. 116 Insurance— F.A.M.E. 18 6 National 17 3 New Zealand — 6 19 0 South British 3 2 3 3 3 0 Standard 4 16 6 4 18 3 Loan and Agency— C.F.C.A., ord. 1 12 8 MM Credit and Finance 12 0 Chch. Building 16 10 0 —— Golds., Mort 1 13 0 Mutual Benefit 1 10 6 N.Z.F. Co-op. 0 14 3 1st pref. 0 15 0 4J p.c. Stk., '60 .. 97 10 0 N.Z. Guarantee .. 0 ~2 2 0 2 4 Perm. Invest. 11 10 0 Perpetual Trustees 2 5 6 3.1. Finance 1 11 0 United Building .. 0 19 9 Wright, Stephenson 2 5 0 Pref. 13 0 Shipping— nTz., pref. 10 5 0 Huddart Parker .. 2 6 0 2 7 0 Pref. 0 17 9 P. and O. 3 5 0 3 11 0 Union, ptref. Woollens— Bonds 3 10 0 Bruce 2 6 0 Feltex 14 0 Feltex, N.Z. 1 15 0 Lane, Walker 2 2 0 Pref 12 0

Buyers. Sellers. £ s. d £ s. d. Korina, pref. 0 17 6 —— Tekau 1 4 6 15 0 Wellington 11 0 0 —— Pref. 11 0 0 — Miscellaneous— Alloy Steel, N.Z. .. — 2 8 6 Amalg. Batt. 1 12 0 — Ampol .. — 0 14 3 Andersons, 1st pf. 1 2 0 — A j Ise brooks, pf. .. 1 2 3 . — Aust. C.I. 1 18 0 1 18 6 Aus. Found. Inv. — 0 5 0 Apex Ice 1 18 0 2 5 0 Avon Metal 0 5 0 —- Death and Co.. Is paid) . 1 3 3 ——. Berlei ■ ■ ■ 1 17 0 Beggs — 2M £ Booth, Macdonald 0 4 9 0 5 0 British Tobacco .. 1 9 9 — A.W.A 1 10 6 — Broken Hill Pty. .. 1 12 9 — Canty. Roller Flour 0 15 0 —— Colonial Sugar 33 0 0 33 15 0 Courtaulds 0 14 0 — Bom, Builders 0 10 0 HH D.I.C., 10s paid 1 4 0 15 0 Pref. 1 2 9 — Dunlop, N.Z. 1 1 0 — Pref. 0 16 9 — Electro. Zinc, ord. 1 15 0 — Pref. 1 14 0 — Evans Atlas 0 17 6 — Fletchers 2 1 3 "C” pref. 1 1 0 116 Frozen Products .. 0 7 5 Gordon and Gotch 0 14 10 —• G. Ji Coles MH 0 14 9 Greater Crystal 1 3 0 MM Hallensteins 1 15 6 —“ Hay’s, pref. 1 2 0 12 8 Herald and Weekly 0 15 g — Humes (N.Z.), pref. 1 2 0 mm I.C.I., A., N.Z. 1 13 0 MM J. J. Niven — 2 8 6 Watties — 1 16 0 K.P. Drugs 7 3 6 — Maling, pref. 1 0 g —« Mason, Struthers, £1 paid — 1 15 0 14s paid — 14 0 McCaskey, pref, i. — 0 18 0 McKenzies, c.d. 1 1 6 —— Milburn Lime 1 7 9 — Motor Specialities 2 2 0 — , M.K. Mfrs. 0 12 0 0 12 6 Morris Hedstrom .. 2 4 0 MM Morts Dock Q 16 0 National Electric .. 6 5 0 N.Z. Forest Prod. — 0 15 8 Ross and Glbndining .. — 1 17 0 Otago Daily Times 2 10 0 MH Petrous Tile 116 Radio: (1936) 0 19 0 MH Reid Rubber 1 4 0 WH Pref 1 0 9 113 Speedway Skellerup, pref. .. 1 0 9 15 6 Turnbull and Jobes, pref. .. ;. 110 Tip Top .. 1 1 2 114 Weeks, pref. 12 3 Transt., Nelson .. 1 6 6 —— Whakatane, ord. .. 1 1 3 Whit, and Tombs .. —w 1 14 0 Wm. Cable 1 12 0 1 12 9 Wilson’s Cement .. 0 14 10 0 15 0 Woolworths, ord. .. 0 14 10 0 14 11 (N.Z.). ord. 10 9 Prop., pref. 1 2 0 W. R. Cooke and Son • 0 15 3 Tasman, 10s pd. .. 0 12 6 0 12 8 Waltons, 5s paid .. — 0 11 0 Overseas Listings— Woolworths (S.A.) 0 14 0 Aust. MiningMount Lyell 1 0 0 Mount Morgan Mining- — 10 6 Grey River 0 3 0 Kanieri 0 8 6 UNLISTED STOCKS Cyclone, 10s paid, 10s in advance .. 1 4 0 14 6 advance 1 4 0 14 6 10s paid in adv. 0 13 11 Pref. 0 10 0 10 9 Andrews and Beaven 1 3 0 ■ Bing Harris 1 0 4 10 6 Beaths (Is paid, 19s deposit 2 3 0 Buntings 1 9 0 Canty. Seed 1 10 6 —