COMMERCIAL

Press, Volume XCI, Issue 27667, 25 May 1955, Page 15

COMMERCIAL

STOCK EXCHANGES GOOD BUOYANT SUPPORT Markets were active on the Christchurch Stock Exchange yesterday, when a large volume of diversified business was handled. Government stock continued to gather strength in sales and quotations. Sellers were again reticent. New Zealand Breweries remained in demand at slightly firmer rates, with sales from 49s 6d to 49s 9d, and at the close buyers offered 49s 6d. against sellers at 50s. Ballins had steady buyers at 28s 9d, and the company’s preferences had sales unchanged at 21s, with buyers prepared to carry on at this price. New Zealand Insurance looked weaker with cheaper unsupported sellers at £6 18s. National Insurance sold unchanged at 275, as did Standards at 97s 6d (With buyers prepared to continue). South British scored a good rise in business at 62s 9d. Woolworths, Ltd., were fractionally dearer with sales and sellers at. 15s. Lane, Walker, Rudkin Industries dropped to business at 42s 6d, with further buyers at 42s 3d. N.Z. Farmers’ Co-operative issues had stronger buying support. Cyclone ordinary contributings hardened sharply to sell at 14s, and buying requirements were unfilled. The company’s preferences advanced fractionally in a sale, at 10s 6d, the market closing at 10s 5d and 10s 6d, respectively. DOMINION TRANSACTIONS

AUCKLAND Sales.—Late Monday: 400 National Mtge. “A,” Ils; 600 Rotoiti Timber, 27s 6d; 500 Dunlop, N.Z., pref., 17s; 100 Coles, 14s 8d; 200 Greers, 22s 3d; 97 J. J. Niven, 48s 6d. Yesterday: £lOOO 3 per cent., 15/2/55-58, £97 10s: £2OlO 3 per cent., 15/6/61-64, £92 2s 6d; 300 Commercial Bank of Aus., 15s lOd; 17 Bank of N.S.W.. £33 7s 6d, and 41 at £33 ss; 300 Alex. Harvey, contr., 225; 10 Colonial Sugar, £33 ss; 200 Farmers’ Trading, 435; 100 Fletcher, 41s 9d, 300 at 425, and 300 “C” pref., 21s 4d; 700 Coles, 14s 8d; 130 Hallensteins, 355; 100 Macky Logan. 42s 6d; 200 Motor Specs., pref.. 20s 6d; 200 Forest Products, 15s 4d; 350 Northern Roller, 455; 200 Tasman Pulp, contr., 12s 6d; 350 Tip Tip Ice, 21s 3d: 300 Woolworths, N.Z., 20s 6d: 100 Woolworths, Ltd., 14s lOd; 100 Mount Lyell, 20s 3d. Unlisted: 100 Ellis and Burnand, 58s; 300 Motor Traders, 53s 6d; 500 Tingey, 10s 6d. WELLINGTON Sales.—Late Monday: £2165 3 per cent., 1961-64, £92 2 b 6d; 17 Bank of New South Wales (2 sales), £33 7s 6d; 300 Rotoiti Timber. 27s 6d. Yesterday: £2OO 3 per cent. Stock, 1955-58, £97 7s 6d; £4300 3 per cent.. £97 10s; £l2OO 3 per cent., 1959-61, £94 2s 6d; £250 4 per cent., 1954-58, £lOl 10s; 100 Ballins Breweries, 295; 200 N.Z. Breweries, 49s 6d; 200 N.Z. Refrigerating, 495; 200 Southland Frozen Meat. 58s 6d; 150 Standard Insurance (2 sales), 97s 6d; 100 Newton King, 17s 6d; 100 Wright, Stephenson, 45s 6d; 200 National Insurance, 275; 50 Bonds Hosiery, 71s; 333 Felt and Textiles, Aust. (2 sales), 24s 3d; 100 Fletcher Holdings, 41s 9d; 250 Tekau Knitwear, 24s 6d; 30 Wellington Wool, ord., £ll ss; 100 Northern Roller, ex div., 455; 400 P. and O. Stock, 70s 6d; 300 Ross and Glendining (2 sales). 36s 9d: 100 Sharlands, 72s Od; 800 Tasman Pulp (2 sales). 12s 6d; 500 Woolworths, Ltd. (3 Sales), 14s lid; 250 Wool worths, Ltd., 7 per cent., 2nd pref., 20s; 300 Woolworths N.Z., 20s 6d. Unlisted: 475 G. H. Scales. 12s. DUNEDIN Sales.—so Southland Frozen Meat, 58s 6d; 100 Wright, Stephenson, ord., 45s 6d: £lOO P. and O. Colonial Stock, 70s; 100 Mount Morgan, 20s. Sales Reported.—£4oo N.Z. per cent. Stock. 15/2/55-58, £97 10s; £5OO 3$ per cent., 15/9/59, £99; 500 K.P.N.Z. Drug, £7 ss; 300 Tasman Pulp, contr. (2 sales), 12s 6d; 50 Southland Frozen Meat, 58s 6d; 300 South British Insurance, 62s 9d; 100 Standard Insurance, 97s 6d; 50 Wright, Stephenson, ord., 45s 6d; 100 Bonds Hosiery Mills, 71s. OVERSEAS EXCHANGES SYDNEY Business in the investment section of the Sydney Stock Exchange was again light yesterday and prices were irregular. North Australian Uranium Corporation rose sharply to 12s 6d. Sales.—Commercial Bank of Sydney. £2O; Tooheys, 29s 4jd; Tooths, 575; Associated News., pref., 20s 6d; Amalgamated Wireless, 395; British Tobacco, 37s 9d; Broken Hill Pty., 41s; Colonial Sugar, £4l 17s 6d; Courtaulds, 17s 7)d; David Jones, 58s; Electro. Zinc, 445; Email, 16s loid; Felt and Textiles, 30s: G. J. Coles, 18s 6d; Goldsbrough, 395; New Zealand Forest, 18s 9d; Taubmans, 17s 4Jd; Wilcox, Moffin, 5s 6d; Mt. Morgan, 255; New Guinea Goldfields, Is 9d; Mt. Lyell, 24s 9d; Consolidated Zinc, 58s 6d; Mt. Isa, 65s 6d; Ampol Petroleum, 16s 71d; Ampol Exploration, 19s; Australasian Oil Exploration, 5s 6d; Krenev, 3s Id; Anthony Hordern, 35s 6d; A.C.1., 48s; Burns, Philp, 575; Drug Houses, 32s «d; Gordon and Gatch, 18s 10id; Woolworths, 18s 9d. MELBOURNE Heavy trading was recorded in the Investment section at Melbourne yesterday, and sales covered a wide range. Prices were firmer, more interest was displayed in mining stocks and prices generally tended to rise. Sales.—Consol. Zinc, 58s 6d; Mt. Isa, 65s 9d; Mt. Lyell, 24s 9d; Nth. Broken Hill, 945; Emperor, 13s 9d; Loloma. 24s lOd; Mt. Morgan, 25s Id; Ampol Exploration, 19s 3d; Oil Search, 9s; Commercial Bank, 19s 7d and pref., £8; Goldsbrough, 39s 2d; A.W.A., 395; Ampol, 16s lid; pref., 19s 3d and options, 4s Id; Assoc. Pulp, 26s 5d and new, 25s 6d ;A.C.1., 48s; A.P.M., 21s, and pref., 19s 6d; Bradford Cotton, 41s 8d; British Tobacco. 37s 9d; 8.H.P., 41s 2d, and contributing, 19s sd; Courtaulds, 17s 3d; Drug Houses, 325; Dunlop, 32s 6d; Electro. Zinc, 44s 6d, and pref., 445; Felt and Textiles, 30s; G. J. Coles, 18s 9d; Gordon and Gotch, 19s; Herald, 20a Id; Hume Industries, pref., 22s 6d; Humes, 64s 9d; 1.C.1., A.N.Z., 425; Kauri Timber, 38s lid; Myer, 14s sd; N.Z. Forest, pref., 235; Olympic, 9s; Woolworths, 18s Bd. CHRISTCHURCH QUOTATIONS

CHRISTCHURCH Sales on ’Change Listed Var’n. £400 N.Z. Govt. Stock, 3 p.c., 1959-61 .. 95 5 0 «— 100 Ballins Breweries (pref.) 1 1 0 N.C. 100 Lane. Walker, Rudkin Industries 2 2 6 —6d 100 W’worths, N.Z. .. 1 0 fl -3d Sales on ’Change, Unlisted 300 Cyclone Fence and Gate. 10s pd. (ord.), 2 sales 0 14 0 300 Cyclone Fence and Gate, 10s pd. (ord.) 0 10 6 +2d Sales Reported, Listed £5C3 N.Z. Govt. Stock, .3 p.c., 1955/58 £4300 N.Z. Govt. Stock, 97 7 6 3 p.c., 1955-58 100 N.Z. Breweries, cum div. N.C. 150 N.Z. Breweries, cum div., 2 sales .. 2 9 8 +2d 100 N.Z. Breweries, cum div. 2 9 9 +3d 250 Nat. Insurance 1 7 0 N.C. 150 South Brit. Ins. 3 2 9 +1/9 150 Standard InsurN.C. N.C. 100 W. Stephensons .. 2 J 5 6 100 Ampol, x.d. 0 13 9 —3d 50 K.P. Drugs 7 5 0 +2/6 187 Mas. Struthers, £1 paid 350 Ross and Glend. 1 16 9 N.C. 350 Tip Top, late sale N.C. Monday 1 1 3 200 Woolworths, Ltd. 10Q Tasman, 10s pd., 0 15 0 +2d N.C. late sale Mon. 0 12 6 £200 Chch. Drainage, 4 p.c., 31/12/68 95 10 0 •— Sales Reported, Unlisted 192 Beaths, Is paid, 19s deposit 2 5 0 — 200 Matea Forests 0 4 6 N.C. 500 R. & E. Tingey 0 10 6 „N.C.

N.Z. Govt.— Buyers. £ s. d. Sellers. £ s. d. 3 p.c., 15/9/52-55 .. 99 15 0 3 p.c., 15/5/53-56 .. 98 17 6 3 p.c., 15/12/53-56 .. 99 10 0 3 p.c., 15/2/55-58 .. 97 7 6 97 12 6 3 p.c., 15/4/56-59 .. 96 0 0 3 p.c., 15/11/57-60 .. 94 0 0 94 ~7 6 3 p.c., 15/8/59-61 .. 94 0 0 3 p.c., 15/4/60-62 .. 92 17 6 3 p.c., 15/4/60-63 .. 92 2 6 3 p.c., 15/7/61-63 .. 91 17 6 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 10 0 __ 3 p.c., 15/5/64-66 .. 89 13 6 31 p.c., 15/1/56-59 .. 97 10 0 3J p.c.,. 15/9/57-60 .. 95 12 6 —— 3j p.c., 15/1/53-57 .. 99 15 0 —— 4 p.c., 31/5/54-58 .. 101 5 0 V—— 3? p.c., 15/9/59 99 2 6 _— • 3J p.c., 15/6/59-60 .. 99 0 0 —.- 32 P C., 15/5/62 99 0 0 — BanksAust. and N.Z. 1 12 0 Comm, of Aust. .. —— 0 16 0 Pref. 6 6 0 Natl, of A’asia., £1 16 0 —— 12s 6d “ .. —— 0 16 9 Nat. of N.Z., x.d. 5 0 0 N.S.W. 33 2 6 33 7 6 Breweries— Ballins, ord. 18 9 19 3 Pref. 110 Dominion 4 11 9 New Zealand, c.d. 2 9 6 2 10 0 Frozen Meat— Canterbury 1 4 0 1.5 0 Pref. .. , 7 7 0 N.Z. Refrig. 2 7 0 10s 1~3 6 Nth. Canty, pref, .. 13 3 1*4 0 Gas— Christchurch 0 17 3 10s paid 0 8 0 —— Wellington. pref., c.d. — 14 5 InsuranceNational 17 3 New Zealand 6 18 0 South British ,« — 3 3 0

Buyers. £ s. d. Sellers. £ s. d. Standard 4 17 6 Loan and Agency— C.F.C.A., ord. 1 12 7 Ch’ch. Building 16 10 0 — . Dalgety, “A” .. 0 9 6 _.— Mutual Benefit 1 10 6 N.Z.F £!o-op. 0 14 6 — 1st pref. 0 15 1 “A” pref. 0 14 2 0 14 6 44 p.c. Stock, '60 —— 97 10 0 44 p c. Stock, ’65 97 10 0 N.Z. Guarantee 0 2 2 0 2 4 Permanent Invest. 11 15 0 Perpet Trust., x.d. 2 5 0 S. Island Finance 18 6 1 10 9 United Building 10 0 Wright, Stephenson 2 5 3 2 5 6 Pref. 13 0 Shipping— N.Z. pref. 10 5 0 Huddart Parker, Pref. 0 17 9 — P. and O. 3 8 6 Union, pref. 14 6 15 6 Timber— Putaruru, ord. 0 13 6 Woollens— Bonds .. .. 3 10 0 Bruce 2 6 0 Feltex 14 0 15 0 . Korma, x.d. 0 17 6 Lane, Walker Ind. 2 2 3 2 3 0 Pref. .. .. 12 0 Timaru 1 11 0 1 15 0 Tekau 14 0 15 0 Pref. 10 6 113

Alloy Steel (N.Z.) — 2 8 0 Amalg. Batt. 19 6 — Rights 0 9 6 — Ampol, x.d. 0 13 0 0 14 0 Andersons. 1st pt. Andrews and Bea12 0 — ven, pref. 10 6 10 9 Aulsebrooks, pref. 12 0 — New .. 12 0 12 6 Aust. Found. Invest. 0 4 3 0 4 6 Apex Ice — • 2 5 0 Avon Metal Beath and Co., Is — 0 10 0 paid 12 8 — Berlei — 1 17 0 Booth Macdonald — 0 5 2 British Tobacco 10 8 1 10 3 Broken Hill Pty. .. 1 12 6 1 13 0 Colonial Sugar 33 2 6 — Coulls, Somerville 1 14 8 — Consol A Brick 0 12 3 — Jom. Builders 0 10 Q — D.I.C., 10s paid .. Pref 14 0 15 0 12 9 — Dunlop. N.Z. Pref 113 — 0 16 9 — Electro. Zinc, ord. 1 18 0 — Pref. 1 14 0 — Evans AtlaS 0 17 6 — Fletchers 2 13 — *'B” pref. 10 3 — “C” pref. Gordon and Gotch 110 116 c.d. 0 14 9 — G. J. Coles 0 14 7 0 14 9 Greater Crystal, c.d. 13 6 — Hallensteins 1 15 6 — Hay’s, pref. 12 0 12 4 Hay’s Henry Jones 1 13 0 1 13 6 1 18 0 — Humes 2 11 0 — Humes (N.Z.), pf. 12 0 — I.C.I.. A., N.Z. 1 13 0 — Herald and Weekly 0 15 6 — J. Gadsden, pref. 119 — J. J. Niven 2 8 3 — K.P. Drugs 7 2 6 7 6 0 Mackintosh Caley — 0 8 0 Maling, pref. Maaon, Struthers, 10 8 110 £1 paid 1 13 3 1 15 0 14s paid ., — 14 0 McCaskey, pf., c.d. — 0 18 0 McKenzies, c.d. .. lie — Midland Mot., pref. .10 3 110 Milbum Lime 18 0 — Milne and- Choyce — 3 0 0 M.K. Manufac. 0 13 0 0 12 6 Morris He d strom, c.d. 2 3 0 — , Morts Dock 0 16 0 — Motor Spec., pref. N.Z.F. Fertiliser, 10 0 pref. 13 0 — N.Z. Forest Prods. N.Z. Indust., Gases, 0 15 3 0 15 7 pref. — 10 6 Otago Daily Times R. and E. Tingey, 2 10 .0 — pref. Quill, Morris — 18 6 16 6 — Radio (1936) 0 19 0 — Reid Rubber 14 0 14 3 Pref. 10 9 113 Speedway Prod. .. — 15 6 Skellerup, pref. .. 10 9 — Ross and Glend. — 1 17 0 Transport, Nelson 17 0 — . Turnbull and Jones — 2 0 0 Pref. • 110 Weeks, pref. — 12 3 Tip Top 110 — Whakatane. ord. .. 10 9 — New. ord. 10 9 — Whit, and Tombs .. — 1 14 0 Wm. Cable Holdings 1 12 3 — Wilson’s Cement .. 0 14 10 0 15 0 W'worths., ord. 0 14 10 0 15 0 Properties (N.Z.),.ord. — 0 17 6 10 6 10 9 (N.Z.), Prop., pf. W. R. Cooke and 12 0 — Son 0 15 9 — Waltons, 5s paid .. — 0 11 0 Tasman, 10s paid .. Australian Mining— 0 12 5 0 12 6 Mount Lyell 10 0 10 5 Mount Morgan Mining— — 10 6 Grey River 0 3 3 n 5 0 Snowy River — 0 4 0 UNLISTED STOCKS Cyclone, 10s paid Cyclone. 10s paid. 0 14 0 0 14 6 10s in advance .. 14 0 14 6 10s paid. pref. .. Andrews and Bea0 10 5 0 10 6 ven 13 0 — Bing Harris Beaths (Is paid, 19s 10 2 10 6 deposit) 2 2 0 Buntings 19 0 — Canty. Seed 1 10 6 — Christchurch Press Cory - Wright and 12 15 0 — Salmon Europa Oil (N.Z.), 1 11 6 — pref. 1 12 9 — Colonial Motors 1 15 0 — Kaiapoi Woollens .. — 19 9 Pref — 15 0 Matea Forests — 0 4 9 Pynes ’’A’’ Debs. — 106 10 0 _N.Z. Fisheries 0 6 6 0 11 0 Tingey R. and E. — 0 10 9 Reece, Ltd., E., ord. 0 6 9 — Regent Theatre 0 17 6 — Prudential Bldg. .. — 0 19 0 Rink Invest. 1 12 0 — Scales 0 12 0 — Vig. Fire Alarms — 0 11 6 Tudor Hosiery 118 12 0 Victoria Mansions Weeks, Wanganui, 18 0 — pref. «. — X '3 0 Vibrapac 14 0 -