COMMERCIAL

Press, Volume XCI, Issue 27675, 3 June 1955, Page 17

COMMERCIAL

STOCK EXCHANGES N.Z. INSURANCE BEGINS TO RECOVER w . ere ver 5’ steady on the Christril U I Ch stock Exchange yesterday. Some _ aga * n recorded and losses were negligible. A feature of the day’s trad}"|L w T as the Parral recovery of New ZeaiV 1 ♦J nsu , rance to business at.£6 16s, and cl ° se bu yers offered £6 15s 6d without attracting sellers. dominion transactions CHRISTCHURCH Sales on ’Change, Listed

AUCKLAND Sales.— Late Wednesday: £1550 3 per ?®£zh, 15/ & 63 ’ £92 15s - £loB ° 3 2 Per cent., £97 12s 6d I 300 Griffins, 42s 9d; 100 Ross' and Glendining, 36s 6d; 300 Wilsons Cement, 14s lid. Yesterday: £lOOO 33 per cent.. £97 12s 6d; £l2OO 32 per cent £97 10s; 50 E., S.» and A. Bank, £5 4s, and 100 at £5 ss; 224 National Bank of N.Z., £5 3s; 10 Bank of N.S.W., £33 ss, and 15 at £33 7s 6d; 1600 Pukemiro Coal, 31s; 25 N.Z. Insurance, £6 16s; 100 North Auckland Farmers, "B” pref., 19s 6d; 100 Consolidated Brick, 14s; 250 Dunlop, N.Z., 21s 9d; 200 Fletchers, 425, and 500 “C” pref.. 21s sd; 150 Coles, 15s 2d; 450 Greers, 22s 3d; 83 J. J. Niven, 48s 6d; 100 John Chambers, 31s 6d; 100 J. Wattie, 365; 100 Milne and Choyce, 59s 6d; 300 M.K. Manufacturers, 12s 3d; 100 Forest Products, pref., 19s Id; 600 Tip Top Ice, 21s 3d; 500 Toppa Ice, 5s 4d; 200 William Cable, "fi” pref.. 21s 3d; 600 Wilson’s Cement, 14s lid; 200 Woolworths, N.Z., a.os 9d; 100 Mount Lyell, 19s 9d; 400 Mount Morgan, 20s. Unlisted: 635 Matea Forests, 4s 2d; 150 Tingey, 10s 6d.

WELLINGTON Sales.—Late Wednesday: £5OO 33 per per cent., 1962, £97 10s; 10 Colonial Sugar, £33 10s; 200 D.1.C., 24s 9d; 200 Hay’s, Ltd., 33s 3d; 100 Milne and Choyce, 49s 6d; 100 Wilson’s Cement, 14s lid; 1000 Woolworths, Ltd., 14s lid; 100 Woolworths, N.Z., 20s 6d. Yesterday: 1600 Pukemiro Collieries (2 sales), 31s; 50 Southland Meat, 595; 500 Auckland Gas, 5s 9d; 124 South British Insurance, 62s 6d; 50 Standard Insurance, 995; 500 British Tobacco, cum div., 30s; 535 G. J. Coles, 15s Id; 350 Dunlop, N.Z. (2 sales), 21s 9d; 800 Griffin and Sons (3 sales), 42s 9d; 133 J. J. Niven (2 sales), 48s 6d; 800 J. Wattie Canneries, 365; 200 N.Z. Industrial Gas, pref., cum div., 20s; 100 Tasman Pulp (15s paid), 17s 6d; 300 Whakatane Board, 22s 3d; 200 Wilson’s Cement, 14s lid. Unlisted: 400 Matea Forests (6 sales), 4s 2d. DUNEDIN Sales.—Late Wednesday: 200 Commercial Bank, 15s lid. Yesterday: 100 Southland Frozen Meat, 595; 100. Standard Insurance (2 sales), 995. Sales Reported.—£soo N.Z. Govt. 3 per cent., 15/7/62-64, £92 10s; 150 Southland Frozen Meat (2 sales), 595; 100 Wright, Stephenson, new, 44s 6d; 200 D.1.C., ord., 24s 9d; 200 Fletcher Holdings, ord., 425; 200 Woolworths (N.Z.) Prop., pref., 225; 200 Hallenstein Bros., 365. INVERCARGILL Sales Reported.— so Wright, Stephenson, 465; 1100 Tingey, 10s 7d (unlisted). OVERSEAS EXCHANGES SYDNEY Leading Industrial shares were steady on the Sydney Stock Exchange yesterday, most selling at recent rates. Oil shares generally were easier. Sales.—Bank New South Wales, £3B; Tooths, 57s 6d; A.1.C., 48s 3d; British Tobacco, 37s lOJd; Drug Houses. 345; Dunlop, 33s 3d; Email, 18s; Taubmans, 17s 4Jd; Mt. Morgan, 255; Peko, 7s 6d; Consolidated Zinc, 58s 6Jd; Mt. Isa. 64s 6d; Ampol Petroleum, 18s Ijd; Ampol Exploration, 245; Associated* Freney, ss; Oil ld; Woolworths, 18s 9d; Coles, 19s; F. W. Hughes, 16s lOJd: Burns, Philp, 55s 9d; Broken Hill 4ls 6d. MELBOURNE Trading was active in the investment section at Melbourne yesterday, and prices again recorded a firmer tone. . Uranium stocks made a brighter showing, but oil and gold tended to ease. Trading was Sales.—Consolidated Zinc, 58s 3d; Mount Isa, 64s 6d; North Broken Hill, 93s 9d; Emperor Mines, 13s lOd; Mt. Morgan, pref., 13s Id; Ampol Exploration, 23s lOd; Oil Search, 9s 2d; Bank of New South Wales, £37 15s; Goldsbrough, 38s; Carlton Brew46s; Amal. Wireless, 39s 6d, and cont. 31s; Ampol, 18s. and pref. 19s 6d; Associated Pulp, 255.8 d, and new 25s 3d; Aust. Consolidated, 48s sd; A.P.M., 21s lOd, and pref. 19s 8d; Bradford Cotton, 425; British Tobacco, 37s 9d; Broken Hill Pty., 41s 6d, and cont. 19s 6d; Courtaulds, 17s lOd; Drug Houses, 33s 9d; Dunlop, 33s 4d; Elec. Zinc, 465, and pref. 445; General Motors, pref., 22s 9d; G. J. Coles, 18s lid; Gordon and Gotch, 19s 2d, and pref. 6s lid; Henry Jones, 50s 9d; Herald, 20s 6d; Humes, 635: 1.C.A., A.N.Z., 41s 9d; Myer, 14s lid, and pref. 30s 9d; N.Z. Forest, 19s 3d; Olympic, 9s 2d; Patons and Baldwins, 23s 6d; Woolworths, 18s 7d.

CHRISTCHURCH QUOTATIONS Buyers Sellers £ s. d. £ s. d. N.Z. Govt.—

£200 N.Z. Govt. 3 p.c. £ s. < 1. Var’n. Stock, 1959-61 94 10 0 20 Bank of N.S.W. (2 sales) 33 7 6 N.C. 300 G. J. Coles, cum rights (2 sales) .. 0 15 N.C. 100 Hallenstein Bros., c.d. 1 16 0 4-1/- — Sales Reported, Listed £2450 N.Z. Govt. 3 p.c. May, 1953-56 (2 sales) 98 15 0 5 Bank of N.S.W., late sale Wednesday 33 7 6 N.C. 200 National Insurance 1 7 0 N.C. 75 N.Z. Insurance 6 16 0 N.C. 150 Standard Insur ance (2 sales) .. 4 19 0 N.C. 600 Dalgetys "A” 0 10 3 4-9d 299 Dominion Rubber 0 17 0 +6d 300 D.I.C., ord. 1 4 9 —3d 100 Hallenstein Bros., c.d. 1 16 0 4-1/-150 Milburn Lime 1 8 0 N.C. Sales Reported, 1 Unlistec 1 200 Cyclone, ord., 10s paid (2 sales' 0 14 0 n’c.

3 p.c., 15/9/52-55 .. 100 5 0 3 p.c., 15/5/53-56 .. — 98 17 6 3 p.c., 15/12/53-56 .. —M 99 10 0 3 p.c., 15/2/55-58 .. 97 10 0 3 p.c., 15/4/56-59 .. 96 5 0 3 p.c., 15/8/59-61 .. 94 7 6 . 3 p.c., 15/4/60-62 .. 93 5 0 3 p.c., 15/4/60-63 .. 92 10 0 3 p.c., 15/7/61-63 .. 93 5 0 3 p.c., 15/6/61-64 .. 92 12 6 . 3 p.C., 15/7/62-64 .. 92 10 0 3 p.C., 15/5/64-66 .. 90 5 0 34 p.c., 15/1/56-59 .. 97 10 0 — 34 p.c., 15/9/57-60 .. — 96 10 0 3J p.c., 15/1/53-57 .. 99 15 0 32 p.c., 15/9/59 .. 99 7 6 MM 32 p.c., 15/6/59-60 .. 99 2 6 MM 32 p.c., 15/5/62 .. 97 12 6 MM 4 p.c., 31/5/54-58 .. 99 7 6 —- BanksAust. and N.Z„ c.d 1 12 9 —— Comm, of Aust. .. — 0 16 0 Pref. — 6 8 0 E., S. and A. ..5 3 0 Natl, of A’sia, £1 1 6 0 Nat. of N.Z. —— 5 6 0 N.S.W. .. .. 33 2 6 __ Breweries— Ballins, pref. .. 1 0 6 Dominion — 4 11 6 New Zealand, c.d. __ 2 9 6 Frozen Meat— Canterbury .. 24 7 6 mm Pref. .. ..7 *7 6 MM N.Z. Refrig., 20s .. 2 9 1 MM 10s .. .. 1 4 0 MM Nth. Cant., pref. .. 1 3 3 MM GasChristchurch .. 0 17 9 0 19 0 Contributing .. 0 8 4 MM Wellington, pref.. c.d. mm 1 1 6 Insurance— F.A.M.E. .. 1 8 6 ■ National .. 1 6 11 1 7 0 New Zealand .. 6 15 6 M— South British .. 3 2 6 3 3 0 Standard .. 4 18 0 4 19 6 Loan and Agency— C.F.C.A., ord. .. 1 13 0 MM Chch. Bldg. .. 16 10 0 MM Dalgety "A” — 0 10 3 Goldsbrough, Mort., c.d. — 1 10 6 Mutual Benefit .. 1 10 9 MM Natl. Mort. “A” .. 0 11 4 MM. “B” .. .. 2 15 0 MM N.Z.F. Co-op. .. 0 14 6 MM First pref. .. 0 15 3 — 4J p.c. Stk., ’60 97 0 0 97 10 0 44 p.c. Stk., ’65 —m 97 5 0 N.Z. Guar. Corp. 0 2 2 0 2 4 Sth. Island Fin. .. 1 8 0 MM United Building .. —— 1 0 6 Wright, Stephenson, pref. .. 1 3 0 MM Shipping— N.Z., pref. .. 10 5 0 Huddart Parker, pf. 0 18 0 MM Union, pref. .. 1 4 6 MM Timber— Putaruru, ord. — 0 13 6 Woollens— Bonds .. .. 3 11 6 M— Bruce .. .. 2 6 6 — Feltex .. .. 1 3 6 1 4 9 Feltex (N.Z.) .. 1 15 0 MM Lane, Walker Ind. 2 2 6 -MM Pref 1 2 0 — Manawatu .. 4 9 0 MM Mosgiel .. ..3 7 6 — Oamaru .. •. 2 9 3 ■ Math. Minster .. 0 9 3 0 10 0 Timaru .. .. 1 13 0 . MM Miscellaneous— Airwork .. 1 0 0 MM Alloy Steel (N.Z.) — 2 8 0 Amal. Batt. .. 1 10 0 MM Ampol .. 0 13 10 — Andrews and Beaven, pref. •.. 1 0 6 MM Aulsebrooks, pref. 1 2 0 MM New .. .. 1 2 0 1 2 6 Aust CX .. 1U 0 MM Aus. Found. Invest 0 « s 0 « J

Buyers Sellers £ s. d. £ s. d. Avon Metal 0 5 0 0 10 0 Apex Ice — 2 4 0 Beath and Co. 2 16 0 Is paid 1 3 6 Berlei — 1 17 0 Booth, Mac. — 0 5 2 British Tobacco .. 1 9 9 — B.H.P. Contrib. .. 0 15 9 B.H. Pty. — 1 13 2 Canty. Roller Flour 0 15 7 Claude Neon N.Z. 2 6 6 Colonial Sugar 33 7 6 Consolid. Brick — 0 14 3 Coulls, Somerville 1 15 & — Courtaulds Dom. Rubber 0 16 6 014 6 Dom. Builders 0 11 0 D.I.C. 1 4 6 15 3 Pref. 1 2 6 Dunlop, N.Z. 1 6 — Pref. 0 16 9 WW Electro. Zinc, ord. 1 15 6 — Pref 1 14 6 WW Evans Atlas 0 17 6 Fletcher Holdings, c.d. — 2 2 3 *'B” pref, c.d. .. 1 0 3 —. "C” pref., c.d. .. 1 1 3 119 G. J. Coles, cum rights 0 15 0 0 15 1 Hallenstein Bros., c.d. 1 15 9 1 16 0 Hay’s, Ltd. —— 1 13 3 Pref. J 2 0 — Humes (N.Z.), pref. 1 2 0 Herald and Weekly 0 15 6 — Golden Bay 1 9 0 WW I.C.I., A., N.Z. .. 1 13 0 John Chambers .. 1 11 0 1 12 0 J. Wattie Canneries —. 1 16 3 K.P. Drugs 7 6 0 Mackintosh, Caley, c.d. —— 0 8 0 Maling, pref. 1 0 6 —— Mason, Struthers, £1 paid 1 13 6 115 0 14s paid 1 1 6 W— McCqskey, pref., c.d. WW 0 18 0 McKenzies, c.d. 1 1 6 12 0 Milburn Lime 1 8 0 MM M.K. Manufac. 0 12 1 0 12 6 Morris, Hec'H.rom, c.d. 2 4 6 Myttons 0 10 3 0 11 3 N.Z.F. Fertiliser, pf. 1 3 0 WM N.Z. Forest Prods. 0 15 6 MM Pref. 0 18 6 N.Z. Ind. Gas, pf., c.d. — 10 3 Nor vic Shoes 0 13 6 0 14 6 Otago Daily Times 2 10 0 MM Procera 0 12 Q W— Quill Morris, 1936 1 6 6 WW R. and E. Tingey, pref. —— 16 0 Reid Rubber 4 1 —— Pref. 1 0 9 113 Ross and Glendining 1 16 0 1 17 3 Contributing — 10 0 Radio (1936) 0 19 0 W— Speedway —— 15 6 Skellerup, pref. 1 0 6 — . Turnbull and Jones pref. — 110 Tip Top 1 1 0 116 Weeks, pref. — 12 3 Whakatane, ord. .. 1 1 0 ww Pref. 1 1 0 WW New, ord. 1 1 0 M— New, pref. 1 1 WW Wm. Cable 1 12 6 — Wm. Cable, contr. 1 2 6 — Wilson’s Cement, c.d. 0 14 2 Woolworths, ord. .. 0 14 11 0 15 2 (N.Z.), ord., c.d. 1 0 6 10 9 (N.Z.), pref. 1 15 0 —— W. R. Cooke and Son 0 15 9 — Aust. Mining— Mount Lyell 0 19 0 10 0 Mount Morgan ■w 10 3 Mining— Grey River 0 3 6 ww Kaniere 0 8 6 — UNLISTED STOCKS Cyclone, 10s paid .. 0 14 0 — 10s in advance .. ' 1 4 0 15 0 Cyclone, pref., 10s paid 0 10 6 ww Andrews and 3eaven 1 3 0 ww Cyclone, pf., 10s in advance I 0 6 WWW Bing Harris 1 0 4 10 6 Beaths (Is paid, 19s deposit) 2 5 0 2 7 0 Buntings 1 8 6 ww Ch.ch. Press 12 15 0 w» Cory-Wright and Salmon 1 11 9 ■ II. Europa Oil (N.Z.), pref. .. •• 1 12 6 WW Colonial Motors .. 1 16 0 MM Kaiapoi — 19 3 Pref 15 0 Matea Forests 0 4 0 0 4 3 Mt. Cook Tours .. 0 9 6 MW N.Z. Fisheries 0 6 6 WW Tingey, R. and E. 0 10 4 0 10 6 Reece, Ltd., E., ord. 0 6 9 ww Prudential Bldg. .. 0 16 0 —— Vigilant F. Alarms 0 11 6 Tudor Hosiery •• 1 1 • 12 0