COMMERCIAL

Press, Volume XCI, Issue 27666, 24 May 1955, Page 17

COMMERCIAL

STOCK EXCHANGES WEEK OPENS ON FIRM NOTE Markets were not very active on the Christchurch Stock Exchange yesterday, when the week opened on a firm note. Government stock continued to be in very keen demand, buyers quoting for no fewer than 19 issues and sellers for only two. DOMINION TRANSACTIONS CHRISTCHURCH Sales on ’Change, Listed

AUCKLAND Sales.—Late Friday: 200 N.Z. Breweries, 49s 9d, and 200 at 49s 6d; 100 Courtaulds, 14s 6d; 3000 D.1.C., 245; 500 Toppa, 5s 6d. Yesterday: £2OOO 15/2/55-58, 3 per cent., £97 10s; £3OO 15/5/62, 32 per cent., £97; 400 Auckland Gas, 10s paid, 6s; 200 South British, 635, and 150 at 62s 9d; 800 Traders’ Finance, con., 15s 6d; 100 Davenport Ferry, 28s 6d; 200 Taupo Totara Timber, 555; 400 Ampol Petroleum, 14s 3d; 400 Broken Hill Pty., 335; 175 Dunlop, N.Z., 21s 6d, and 200 pref. 17s; 100 Hawkins Holdings, 265; 50 J. J. Niven, 48s 6d; 100 John Chambers, 31s; 250 K.D.V. Boxes, 13s 3d; 25 K.P., N.Z. Drug, £7 ss; 150 Macky Logan, 42s 6d; 200 Milne and Choyce, 60s; 500 Motor Specs., pref., 20s 6d; 200 Tasman Pulp, con., 12s 6d. Unlisted: 200 Motor Traders, 53s 6d; 200 Pacific Forests, 13s 6d; 1000 R. and E. Tingey, 10s 6d; 100 Streets Consol., pref., 20s 6d. WELLINGTON Sales.—Late Friday: 87 A. and N.Z. Bank, “B” (odd), 36s 6d; 100 N.Z. Refrigerating, cont., 245; 200 Ross and Glendining, 36s 9d. Yesterday: £5OO 3 per cent. Stock, Dec., 53-56, £99 10s; £5OO, 57-60, £94; £l6OO 32 per cent., 1962 (two sales), £97; £2OOO Dunedin City Council, 31 per cent., 65-68, £B7 15s; £2OO, 1968-71, £B7 2s 6d; 200 South British Insurance, 635; 400 National Mortgage, “A,” cum div., Ils; 100 Wright, Stephenson, 45s 6d; 100 N.Z. Refrig., 495; 500 Dunlop, N.Z., pref, (two sales), 17s; 100 Fletcher Holdings, 41s 9d; 600 G. J. Coles, 14s 8d; 650 J. Wattie Canneries (two sales), 365; 200 N.Z. Forest Products, pref., 19s; 200 Putaruru Timber, pref.. 20s 6d; 600 Rotoiti Timber, 27s 6d; 100 Taringamutu Timber, 22s 6d; 100 Whakatane Board, pref., Cis 6d; 200 Wm. Cable Holdings, 32s 6d; 200 Wilson’s Cement, 14s lid; 1100 Woolworths, Ltd. (two sales), 15s. DUNEDIN Sales.—loo National Insurance, 275; 100 Dunlop (N.Z.), ord., 17s. Sales Reported.—£2ooo Dunedin City, 3J per cent., March 22, 1965-68 Deb., £B7 15s; £2OOO Dunedin City, 3J per cent., March 30, 1968-71 Debs., £B7 2s 6d; 300 Broken Hill Pty., 335; 450 Chas. Begg, 565; 50 K.P., N.Z. Drug, £7 ss. INVERCARGILL, Sales Reported.—2oo Silknit, 12s; £3OO 32 per cent.. Govt. Stock, 1959, £99 2s 6d; 100 Milne and Choyce, 59s 6d. OVERSEAS EXCHANGES SYDNEY Business in the investment section contracted on the Sydney Stock Exchange yesterday, and the market developed an easier trend. Sales.—Commercial Bank of Sydney, £2O; Tooheys, 29s 7Jd; Tooths, ex div., 56s 6d; Associated News, 26s 6d; Anthony Hordern, 35s 6d; British Tobacco, 37s 6d; Broken Hill Proprietary, 41s; Burns, Philp. 57s 3d; Colonial Sugar, £4l 12s 6d; Courtaulds, 17s 9d; David Jones, 57s 6d; Taubmans, 17s 4jd; Wilcox, Mofflin, 5s 6d; Yarra Falls, 35s 6d; Emperor, 14s; New Guinea Goldfields, Is 9d; Mount Lyell, 24s 9d; Consolidated Zinc, 58s 6d; Mount Isa, 665; North Broken Hill, 93s 3d; Ampol r stroleum, 16s 9d; Ampol Exploration, 19s 6d; Australasian Oil Exploration, 5s 9d; Freney, 3s Id; Longreach, 8d; Oil Search, 8s lOd; Bradford, 41s 9d; Drug Houses, ex div., 32s 3d; Dunlop Rubber, 32s 6d, Felt and Textiles, 30s; G. J. Coles, 18s 6d; Gordon and Gotch, 19s; Woolworths, 18s 9d; Placer, £l5. MELBOURNE A firm undertone was recorded in the investment section at Melbourne yesterday, although turnover was slightly below average. A firmer trend was noticeable in the mining section, but trading was light. Sales.—Consolidated Zinc, 58s 6d; Mount Isa, 65s 6d; Mount Lyell, 24s 9d; Emperor, 13s 9d; Mount Morgan, pref., 13s Id; Ampol Exploration, 19s 9d; Oil Search, 8s 9d; Ampol, 16s lOd, and options, 4s 2d; Associated Pulp, 26s 6d; A.C.1., 48s; A.P.M., 21s, and pref., 19s 7d; British Tobacco, 37s 7d, and pref., 225; Broken Hill Proprietary, 41s, and contributing, 19s 4d; Courtaulds, 17s lid; Drug Houses, 325; Dunlop, 32s 6d, and pref., 365; Electro. Zinc, 44s 6d, and pref., 43s 6d; G. J. Coles, 18s 6d; Gordon and Gotch, 18s lid; Herald, 20s; Humes, 64s 6d; Myers, 14s 3d; N.Z. Forest, 18s 9d; Olympic, 9s; Woolworths, 18s 9d. CHRISTCHURCH QUOTATIONS* Buyers. Sellers. £ s. d. £ s. d. N.Z. Govt.—

£ s. d. Var’n. 10 Bank of N.S.W. .. 33 5 0 N.C. Sales Reported, Listed £500 N.Z. Govt. Stock, 32 p.c., 1962 (late sale Friday) 97 0 0 £500 N.Z. Govt. Stock, 3% p.c., 1962 97 0 0 —— 15 Bank of N.S.W. (2 sales) . 33 5 0 N.C. 100 N.Z. Breweries, cum div. 2 9 6 —6d 100 Ballins Breweries (pref.) 1 1 0 4-6d 100 Standard Ins. 4 17 6 4-2s 45u Begg and Co. 2 16 0 N.C. 200 Broken Hill Pty. 1 13 0 -3d 300 G. J. Coles 0 14 8 N.C. 100 I.C.I., A.N.Z. 1 13 6 4-6d 50 J. J. Niven 2 8 6 4-3d 200 M.K. Manufac. 0 12 0 N.C. £2000 Dunedin City, 4 p.c., 16/9/59 98 17 6 — Sales Reported, Unlisted 1000 R. and E. Tingey 0 10 8 N.C.

2J p.c., 15/5/55-56 .. 3 p.c., 15/9/52-55 .. 97 15 0 99 15 0 3 p.c., 15/5/53-56 .. 98 15 0 __ 3 p.c., 15/12/53-56 .. 99 10 0 3 p.c., 15/2/55-58 .. 97 5 0 97 10 0 3 p.c., 15/4/56-59 .. 96 0 0 — 3 p.c., 15/11/57-60 .. 94 0 0 —— 3 p.c., 15/8/59-61 .. 94 0 0 3 p.c., 15/4/60-62 .. 92 15 0 ——- 3 p.c., 15/4/60-63 .. 92 0 0 MM 3 p.c., 15/7/61-63 .. 92 15 0 — 3 p.c., 15/6/61-64 .. 92 5 0 3 p.c., 15/7/62-64 .. 91 15 0 — 3 p.c., 15/7/63-65 .. 91 7 6 3 p.c., 15/5/64-66 .. 89 10 0 — 3i p.c., 15/1/56-59 .. 97 10 0 —— 31 p.c., 15/9/57-60 .. 95 12 6 4 p.c., 31/5/54-58 .. 101 5 0 32 p.C., 1959 99 2 6 32 p.c., 1962 97 0 0 — Banks— A. and N.Z. Bank, “B” 1 15 6 Aust, and N.Z. 1 12 3 . Comm, of Aust. .. — 0 16 0 Pref. 6 6 0 __ E., S., and A. 5 10 Natl, of A’asia., £1 16 0 N.S.W. 33 2 6 33 7 6 Breweries— Ballins, ord. 18 9 Pref. 10 9 110 Dominion 4 11 0 Ne’T Zealand 2 9 6 2 9 9 Frozen Meat— Canterbury 24 0 0 25 0 0 Pref. 7 6 0 N.Z. Refrig. 2 9 0 Nth. Canty, pref. .. 13 3 14 0 GasChristchurch 0 17 3 —— Contr. .. 0 7 9 Wellington, pref., c.d. — 116 Insurance— National 17 3 —— New Zealand — 6 19 0 South British 3 2 3 3 3 3 Standard 4 17 6 4 18 3 Loan and Agency— C.F.CA., ord. 1 12 7 — Ch’ch. Building 16 10 0 i. «■ Dalgety, “A” 0 9 9 — Goldsbrough, Mort 1 13 0 1 14 0 Mutual Benefit 1 10 6 — Natl. Mort., “B" .. 2 14 6 — ■ N.Z.F. Co-op. 0 14 3 • — 1st pref. 0 15 0 — “A” pref. — 0 14 6 4J p.c. Stock, *60 — 97 10 0 N.Z. Guarantee 0 2 2 0 2 4 Permanent Invest. 11 15 0 •—* S. Island Finance — 1 11 0 United Building .. 0 19 9 — Wright, Stephenson 2 5 6 — Pref. 13 0 — ■■ Shipping— N.Z. pref. 10 5 0 — Huddart Parker .. 2 5 0 Pref. 0 17 9 — Union, pref. 14 6 —— Timber— Putaruru, pref. 10 0 10 6 Woollens— Bonds 3 10 0 — ■ Bruce 2 6 0 *— Feltex 14 3 14 9 Feltex, N.Z. 1 14 9 —■ Lane, Walker . • 2 2 0 2 3 0 Pref. 12 0 — Korma, pref. 0 17 6 ■■■ Tekau —— 15 0 Tekau, pref. 10 6 110 Miscellaneous— Anthony Hordern —- 18 3 Alloy Steel (N.Z.) — 2 8 0 Amalg. Batt. 1 12 6 — Andersons, 1st pf. 12 0 — Aust. C J. 1 18 0 Aulsebrooks, pref. 12 0 ■ ■. Apex Ice 1 18 0 2 5 0 Beath and Co., Is paid 12 6 — Berlei 1 17 0 Beggs 2 14 0 2 16 0 Booth, Mac. — 0 5 3 British Tobacco .. 19 9 1 10 3 Broken Hill Pty. .. 1 13 0 1 13 6 Canty. Roller Flour 0 15 O — Courtaulds 0 14 0 — Dorn. Builders. 0 10 0 — D.I.C., 10s paid .. — 15 0 Pref. 12 6 13 0 Dunlop, N.Z. 110 13 0 Electro. Zina, ord. 115 0 —•

Buyers. Sellers £ s. d £ s. d. Evans Atlas 0 17 6 —— Fletchers, “B” pref. 1 0 0 — Fletcher Holdings, “C” pref. .j Gordon and Gotch 0~14 0 10 G. J. Coles 0 14 7 0 14 8 Hay’s, pref. 1 2 0 12 6 Hay’s 1 13 2 1 13 6 Herald and Weekly 0 15 9 — Humes (N.Z.), pf. 1 2 0 —— . I.C.I., A.. N.Z. .. 1 13 0 —— J, Gadsden 1 9 3 — j. J. Niven — 2 8 6 K.P. Drugs — 7 7 6 Mating, pref. 1 0 6 110 Mason, Struthers, £1 paid 1 13 6 1 15 0 14s paid 14 0 McCaskey, pf., c.d. — 0 18 0 McKenzies, c.d. 6 — Midland Mot., pref. — 110 Milburn Lime 1 7 9 — M.K. Manufac. 0 12 0 0 12 6 National Electric .. 6 5 0 — N.Z.F. Fertiliser, pref. 1 3 0 — N.Z. Forest Prods. —. 0 15 8 Procera 0 11 6 Quill, Morris 1 6 6 — Radio (1936) 0 19 0 —■ Reid Rubber 1 4 0 — R. and E. Tingey, pref. — 16 6 Skellerup, pref. .. 1 0 9 —— Tip Top .. 1 1 2 116 Weeks, pref. 12 3 Transport, Nelson 1 6 6 — Whit, and Tombs .. —— 1 14 0 Wilbox Mofflin — 0 4 6 Wm. Cable 1 12 0 —— Wilson’s Cement, c.d. 0 14 9 — W’worths., ord. 0 14 10 0 15 0 Properties 0 17 6 (N.Z.), ord. — 10 9 (N.Z.), Prop., pf. 1 2 0 —- W. R. Cooke and Son 0 15 3 — Waltons, 5s paid .. — 0 11 0 Australian Mining— Mount Morgan — 10 6 Mining— Grey River 0 3 0 — Kanieri 0 8 3 — UNLISTED STOCKS Cyclone, 10s paid. 10s in advance .. 1 4 0 14 6 10s paid 0 13 9 — . 10s paid, pref. .. 0 10 5 0 10 6 Andrews and Beaven, ord. 1 3 0 Bing Harris ——• 10 6 Beaths (Is paid, 19s deposit) — 2 5 6 Buntings 1 9 0 — Canty. Seed 1 10 6 Christchurch Press 12 15 0 Cory - Wright and Salmon 1 11 6 — Europa Oil (N.Z.), pref. 1 12 0 — Colonial Motors .. 1 15 0 — Kaiapoi Woollens .. —. 19 9 Pref. —— 15 5 Matea Forests 0 4 0 0 4 9 * Mt. Cook Tours .. 0 9 6 N.Z. Fisheries 0 6 6 — Tingey, R. and E. — 0 10 9 Reece, Ltd., E., ord. 0 6 9 —— Regent a Theatre . • 0 18 0 — Prudential Bldg. .. 10 0 Scales 0 11 0 0 13 0 Vig. Fire Alarms — 0 11 6 Weeks, Wanganui, pref. — 12 0 Tudor Hosiery 1 1 6 12 0 Victoria Mansions 1 8 0