COMMERCIAL

Press, Volume XCI, Issue 27669, 27 May 1955, Page 15

COMMERCIAL

STOCK EXCHANGES INTEREST IN COLES Markets in the main were fairly steady on the Christchurch Stock Exchange yesterday. A feature of the day was the sharp »rise in Coles, cum rights, to business and buyers at 15s 3d, on the strength of the company’s offer to buy all the ordinary shares in Manton and Sons, Ltd., Me’bourne retailers, and the announcement of a new issue at par of one for five. Mantons have a paid capital of £510,000, including £150,000 in preference shares and £17,000 in employees’ shares. Apparently the employees’ shares are included in the offer by Coles. C i the other hand Wool worths, Ltd., had a weaker market in business at 14s lOd, and the market closed at 14s lOd and 14s lid, respectively.

AUCKLAND Sales.—Late Wednesday: £500,15/7/61-63. 3 per cent., £92 17s 6d; 100 N.Z. Breweries, 49s 6d; 150 Farmers’ Trading, “C” pref., 20s 9d; 200 Coles, pref., ,235; 300 Forest Products, 15s 6d, and 100 pref. Yesterday: £l4OO 15/2/55-58, 3 per cent., £97 10s; £3OO 15/9/74, 3J per cent., £94 12s 6d; £3OO Am. Gas, 4J per cent. perp, deb., £73 10s; 125 Comm. Bank of Aust., pref., £6 ss; 179 Bank N.S.W., £33 ss; 200 N.Z. Breweries. 49s 6d; 500 Auckland Gas (10s paid), 5s 7d; 25 N.Z. Insurance, £6 16s 3d, and 475 £6 16s; 1900 South British, 62s 6d; 100 Wright, Stephenson, new, 445; 50 Taupo Totara Timber, 555; 110 Feltex, N.Z., 35s 3d; 40 Colonial Sugar, £33 10s; 100 Farmers’ Trading, “C” pref., 21s; 500 Fletchers, 425; 200 John Chambers, 31s 6d; 200 M.K. Manufacturers, 12s 3d; 300 Motor Specs., 44s 6d: 300 Forest Products. 15s 6d; 150 Northern Roller, pref., 23s 9d; 200 Whakatane Board, 225; 100 Wm. Cable. “B" pref., 21s; 100 Woolworths, N.Z., 20s 6u; 300 Woolworths, Ltd., 14s lOd. and 100 2nd pref., 20s. Unlisted: 100 Ellis and Burnand, 58s; 500 Matea Forest, 4s 7d, and 110 4s 6d; 500 Tingey, 10s 6d. WELLINGTON Sales.—Late Wednesday: 40 Bank New Wales, £33 ss; 300 South British Insurance, 62s 6d; 110 Felt and Textiles. N.Z., 35s 3d; 400 J. Wattie Canneries, 365. Yesterday: £3500 3 per cent., 55-58 <2 sales). £97 10s; £5OO, 57-60, £94 ss; £4OO, 62-64, £92 ss; £225 31 per cent., 57-60, £95 15s) 25 Canterbury Frozen Meat, £24 10s; 500 N.Z. Refrig., 495; 200 Wellington Gas (two sales), 20s 6d; 600 South British Insurance (two sales), 62s 6d; 65 Bank New South Wales, £33 ss; 200 Newton King, pref., cum div., 235; 400 N.Z. Guarantee. 2s 2d; 10 Colonial Sugar, £33 10s; 100 Fletcher. “C” pref., 21s 4d; 100 Henry Berry, 21s 9d; 100 Reid Rubber, 24s 3d; 500 J. Gadsden> 31s; 740 Milbprn Lime, 28s; 300 N.Z. Forest Products (two sales), 15s 6d; 300 Wilson’s Cement (two sales), cum div., 14s Ud; 100 Woolworths, N.Z., 20s 6d. [The sale of 3 per cent. 64-66 Stock, reported at £94 on Wednesday, should have been at £9o.] DtNEDIN Sales.—loo Wright, Stephenson, new, fully paid, 43s 9d; 400 N.Z. Forest Products (two sales), 15s 6d; 50 Southland Frozen Meat, 595. Sales Reported.—2oo Coull, Somerville, Wilkie, 35s 6d; 200 D.1.C., pref., 235; 1000 Mackintosh, Caley, Phoenix, new, fully paid, 7s 7d; 200 N.Z. Forest Products, pref.,-17s lid: 500 R. and E. Tingey, ord., 10s 6d; 300 Nat. Mortgage, ’’A,” 11s. INVERCARGILL Sales Reported.—so Southland Frozen Meat, 58s; 700 Coull, Somerville, and Wilkie (two sales), 35s 6d. OVERSEAS EXCHANGES LONDON Except where indicated as the middle price between buyers’ and sellers’ quotations, the latest sales of securities of Dominion interest on the London Stock Exchange are:—

B.H. Pty. .. 1 11 9 •Middle price. Mining Shares.—B.S. South, 52s 3d; Consol, Zinc, 47s 9d.

SYDNEY C. J. Coles reacted in a firmer investment market on the Sydney Stock Exchange yesterday. Other retailers showed little alteration. Business in oil and uranium shares was quiet. Sales.—Commercial Bank of Sydnev £2O; Commonwealth Bank of Australia, 19s 7Jd; Bank of New South Wales, £37 ss; Tooheys, 29s IJd; Tooth, 57s 6d; A. Hordern. 37s 6d, British Tobacco, 37s 3d; Dru S Houses, 32s 6d; Dunlop, 32s 10id; Email, 16s 7Jd; F. W. Hughes, 16s 10jd; Coles. 18s lOJd; New Zealand Forest. 18s 9d; Taubmans, 17s 4Jd; Woolworths 18s 7jd; Yarra Falls, 355: Peko, 7s lid; Placer, £l4; Mount Lyell, 24s 7Jd; Mount Isa, 66s 6d; New Broken Hill, 45s 9d; Ampol Petroleum, 18s 6d; Associated ■•peney, 4s 3d; Australian Oil Exploration, 5s 9d; Oil Search, 9s 3d. . MELBOURNE investment prices again recorded a firmer tone at Melbourne yesterday with trading widely spread and turnover heavy in selected issues. Little interest was displayed in f e mining section, and price movments were narrow. _, Sale ® T- B J2 ke ?. HUI South, 675; Consol. Zinc, 58s M; Mount Lyell, 24s 7d; Emcuf°£:, 13s u 9l i : Exploration, IBs 9d; 11 ® ea ?J h ’ 8a Id; A.N.Z. Bank "B," ord. ™ 3 lL Co 2’ mer , cia !- 19s M ; Carlton Brew16s 3d: and options, 4s Associated Pulp. 26s sd; and, new, 2ds sd, A.P.M., 21s; and, pref., 19s 3d; Tnh=„ Ir °?i a ?2 l teel ' pref - 265 ; British Tobacco, 27s 6d; Broken Hill Pty., 41s Id: and, contributing, 19 s 3d; Courtauids. 17s 4d ’ Dunlop, 335; Electro. Zinc, 54s 9d; |H?’ f , pr V- r , 4 ‘! s 8 d- Felt and Textile, 29s 19s Henp'Jones’ 517 3d? F 3 o d ?esr d lBs ?B?™d ’ 9S; Patons - 25s 8 d; Woolworths.

DOMINION TRANSACTIONS CHRISTCHURCH Sales on ’Change , Listed £ s. d. Var’n. 100 Ballins Breweries 1 8 9 —3d500 Fletcher Holdings, “C” pref. 1 1 6 4-3d 255 Wodl worths, Ltd. 0 14 10 — Sales Reported, Listed 200 Commercial Bank of Aust., pref.. (2 sales) 6 » 0 + 1/6 200 Credit and Fin. 1 2 6 •— 100 Anthony Hord. .. 1 7 0 N.C. 300 Dominion Rubber, late sale Wed. 0 16 6 N.C. 200 G. J. Colies, cum rights 0 15 3 * +6d 150 Hays, Ltd. 1 13 3 —3d 100 Humes 2 10 9 — 500 J. Gadsden, N.Z. 1 11 0 — 240 Milburn Lime 1 8 0 N.C. 350 N.Z. For. Prod. .. 0 15 6 —lid 700 Woolworths, Ltd. 0 14 10 —2d 400 Tasman Pulp, 10s paid 0 12 6 N.C. 200 Tasman £1 paid 1 2 6 — 150 Farmers’ Trading, *’C” pref. . 1 0 9 —3d Sales on ’Change, Unlisted 200 Bing Harris 1 0 4 —2d Sales Reported, 1 Unlisted 500 Cyclone Fence, “pf.. 10s paid (hlO 6 N.C.

May 17. £ s. d. May 24. .£ s. d A.N.Z. Bank 1 12 6 1 12 10 Comm. Bank Aust, •0 15 0 •0 15 0 E., S., and A. Bank •5 3 0 5 5 7 National Bank N.Z. 5 5 7J 5 5 7 Bank of N.S.W. .. •29 10 0 •30 5 0 Brit. Tobacco •18 6 •19 0 Golds. Mort. •1 13 0 •18 6 Dalgety 0 10 0 0 10 0 4 per cent. •92 0 0 91 0 0 Loan and Merc, 77 10 0 •78 0 0 Ord. •15 6 15 6 P. and O. def. •3 8 9 •3 11 6

CHRISTCHURCH N.Z. Govt.— QUOTATIONS Buyers. £. s. d. Sellers. £ s. d. 3 p.c., 15/9/52-55 .. 99 15 0 3 p.c., 15/5/53-56 .. 98 15 0 3 p.c., 15/12/53-56 .. 99 10 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 2 6 3 p.c., 15/4/60-62 .. 93 2 6 3 p.c., 15/4/60-63 .. 92 2 6 3 p.c., 15/7/61-63 .. 93 0 0 3 p.c., 15/6/61-64 .. 92 5 0 3 p.c., 15/7/62-64 .. 91 17 6 3 p.c„ 15/7/63-65 .. 91 12 6 3 p.c.. 15/5/64-66 .. 90 0 0 32 p.c., 15/1/56-59 .. 97 10 0 31 p.c., 15/1/53-57 .. 99 17 6 100 0 o 4 p.c., 31/5/54-58 .. 101 7 6 101 15 0 3J p.c., 1959 99 5 0 32 p.c„ 1959-60 99 0 0 32 p.c., 1962 97 5 0 Banks— Adelaide 1 12 o Aust, and N.Z. .. 1 12 3 Comm, of Aust .. 0 15.9 0 15 11 Pref. 6 8 6 E., S., and A. 5 10 Natl, of A'asia., £1 16 0 — 12s 6d 0 16 q National of N.Z. .. 5 5 N.S.W —■ 33 7 6 fi r*. \. e ri es— Ballins, jjrd. .. 18 8 1 9 3 Pref. 110 Dominion 4 10 6 4 11 6 New Zealand, c.d. 2 9 6 2 10 0 Frozen Meat— Canterbury 24 0 0 Pref. 7 7 0 N.Z. Refrig. 2 9 0 2 9 3 10s 13 6 Nth. Canty.. pref. 13 3 — Gas— c nstchurch 0 17 3 Contr. .. 0 8 0 Wellington, pref., c.d. —— 1 1 insurance— F.A.M.E. 18 6 National , n 3 New Zealand 6 17 0 South British 3 2 0 3 2 9 Standard 4 17 6 Loan and Agency— C.F.C.A.. ord. 1 12 6 Credit and Fin. .. 1 2 6 1 3 0 Ch’ch. Building 16 10 0 Dalgety "A” 0 9 6 0 10 3 Goldsbrough, Mort, c.d. 1 12 9 Mutual Benefit 1 10 8 ___ "A* .. 0 11 0 2 15 0

N.Z.F. Co-op. Buyers. £ s. d. Sellers. £ s. d. 0 14 6 1st pref. 0 15 2 — “A” pref. 0 14 0 0 14 6 p.c. Stk., ’60 .. 97 0 0 97 10 0 41 p.c. Stk., ’65 .. mm 97 10 0 0 2 4 N.Z. Guarantee 0 2 2 Perp. Trustees, x.d. 2 5 0 Sth. Island Fin. 18 0 Wright, Stephenson 2 5 0 MM Pref. .. • .. Shipping— 13 0 T N.Z. pref. Huddart Parker, 10 5 0 — Pref. .. 0 17 9 J—M Union, pref. Woollens— 15 3 Bonds .. 3 10 0 __ Bruce* .. .. 2 6 0 MM Feltex 14 0 ' N.Z. 1 14 9 MM Lane, Walker 2 2 6 2 3 0 Pref. .. ., 12 0 Korma, ord. 0 17 9 Pref. 0 17 9 . . Oamaru 2 9 0 Tekau 14 9 Pref. 10 6 113 Timaru Miscellaneous— 1 13 6 Anthony Hordern 17 0 —— Alloy Steel (N.Z.) Amalg. Batt. . .• 2 8 0 1 10 0 Ampol 0 13 3 0 14 0 Andersons, 1st pf. 12 0 Aust. C.I. Andrews and Bea1 17 9 1 18 6 ven, pref. 10 6 10 9 Aust. Found. Inv. 0 4 3 Aulsebrooks, pref. 12 0 MM A' on Metal 0 5 0 0 9 6 Beath and Co. 2 17 0 Is paid .. 1 3 6 Beggs 2 15 9 MM Booth. Macdoriald 0 5 3 Brit. Tobacco Broken Hill Pty 1 11 6 1 10 3 1 13 0 0 15 9* Pref. .. ' Cant. Roller Flour 0 15 0 Colonial Sugar 33 0 0 33 12 6 Dominion Rubber 0 16 0 MM Consol. Brick 0 12 6 MM Courtaulds 0 13 6 0 14 6 Dorn. Builders 0 10 0 D.I.C., 10s paid .. 1 4 0 15 0 Dunlon. N.Z. 1 1 6 MM Pref. 0 16 9 MM Electro. Zinc, ord. 1 15 0 MM Evans Atlas Farmers’ Trading, 0 17 6 — **C” pref, Fletchers, “C” 10 9 — pref-. .. 116 “B” pref. 10 0 Gordon and Gotch G. J. Coles, cum 0 14 9 — rights 0 15 3 0 15 6 Greater Crystal 13 3 Wallensteins 1 15 0 MM Hay’s, pref. 12 3 mm Humes 2 10 6 MM Hay’s 1 13 6 Henry Jor.es — 2 10 Humes (N Z.), pf. 1 2 0 I.C.I., A., N.Z. .. 1 13 4 MM J. Gadsden 1 10 6 MM J. J. Niven 2 8 3 MM Watties 1 16 0 MM K.P. Drugs 7 2 6 7 6 0 Maling, pref. Mason Struthers, 10 6 1 1 0 £1 paid 1 13 0 1 15 0 14s paid 1 1 0 14 0 10s paid 0 15 0 MM McCaskey. pf., c.d. m— 0 18 0 McKenzies, c.d. 116 MM Midland Mot., pref. 10 3 110 Milburn Lime 1 7 10 1* 8 6 Motor Spec., pref. 10 0 M.K. Mfrs. Morris Hedstrom, 0 12 1 0 12 6 c.d. N.Z.F. Fertiliser, 2 4 0 — pref. .. .. 13 0 MM N.Z. For. 1 Prod. 0 15 3 Mm Pref. 0 19 0 Mm Norvic' Shoes 0 13 6 Otago Daily Times 2 10 0 MM Procera 0 11 6 MM Quill, Morris 1 6 6 MM Radio (1936) 0 19 0 MM Reid Rubber 14 0 MM Pref. .. '.. 1 0 9 113 Ross and Glend. 0 19 0 SRellerup, pref. .. 10 9 MM Speedway Prod. .. Turnbull and Jones, — 15 6 pref. mm 110 Tip Top 110 113 Weeks . • .. MM 1 14 0 Pref. .. .. MM 12 0 Whakatane. ord. .. 10 9 MM New. ord. 10 9 MM Wm. Cable Holdings 1 12 3 _ Tasman, £1 paid .. 12 5 12 6 Wilson’s Cement .. MM 0 15 0 W’worths, ord. 0 14 10 0 14 11 N.Z., ord. — 10 9 N.Z.. pref. .4 1 15 0 MM Pp., pref. .. 12 0 MM Tasman, 10s W. R. Cooke and 0 12 5 0 12 6 Son 0 15 9 M— Waltons, 5s pd. .. __ 0 11 6 2s 6d paid Australian Mining0 6 6 — Mount Lyell MM 10 6 Mount Morgan Mining— — 10 6 Grey River 0 3 6 MM Kaniere 0 8 0 MM Snowy River UNLISTED Cyclone. 10s paid. STOCKS 0 4 0 10s in advance .. 14 0 14 6 Ord. 0 14 0 0 14 3 Pref. 0 10 5 0 10 6 Amuri Lime Andrews and Bea- — 10 0 ven .. 1 3 0 MM Bir)g Harris (h paid, 19s 10 3 10 6 deposit) »2 4 3 2 6 6 Buntings 1 9 0 MM Cantby. Seed Christchurch Press Cory - Wright and 1 10 3 ' || 12 15 0 Salmon .. Eurona Oil (N.Z), 1 11 6 1 12 6 pref. .. ' 1 12 6 Mm Colonial Motors 1 15 0 MM Kaiapoi Woollens .. MM 19 9 Pref. MM 15 0 Matea Forests 0 4 .0 0 4 6 Mt. Cook Tours 0 9 6 Tingey, R. and E. MM 0 10 9 Reei-e, Ltd.. E.. ord. 0 8 9 Prudential Bldg. .. MM 10 0 Rink Invest. 1 12 0 Scales 0 12 0 Vig. Fire Alarms — OU •