COMMERCIAL

Press, Volume XCII, Issue 27710, 14 July 1955, Page 15

COMMERCIAL

STOCK EXCHANGES

PRICES MAINTAINED IN MODERATE TRADING A moderate turnover on the Christchurch Stock Exchange yesterday was spread over a wide range of shares. Prices were generally well maintained. Christchurch Gas, which have not been traded 'ocally for some time, lost Is in several transactions at 17s. Tekau, cum div, improved to sell at 26s 6d. South British Insurance. Norvic Shoes and G. J. Coles also sold at improved prices. DOMINION TRANSACTIONS

AUCKLAND Sates.—Late Tuesday: 50 N.Z. Insurance. £6 19s 6d. Yesterday: £4OOO 15/12/53-56, 3 per cent., £9B 7s 6d; £250 15/4/56-59, 3 per cent., £96 12s 6d and £3OO at £96 15s; £3OOO 15/9/59 33 per cent., £lOO, £3OO Gisborne 8.C., 31/3/36, per cent., £lOO ss; 200 Comm. Bank. Aust., pref.. £6 8s; 366 C.8.A., rts., 2s Id; 10 Bank N.S.W. (Syd. reg.), £3O 10s; 450 Dom. Brew., £5; 500 N.Z. Insur., £6 19s 6d and 100 at £7; 50 Souta British, t6s 9d; 50 Wright, Stephenson, 45s 3d; 100 Bonds Hosiery, 71s 6d; 50 Wellington Wool, pref., £ll 10s; 800 Alex Harvey, 34s 6d and 1000 pref., 225; 179 A.C.1., 425; 300 B. L. Hart, 445; 100 B.H. Pty., contrib.. 16s 3d; 820 McKenzies, 23s 3d; 1100 Forest Products, 16s 6d; 210 N.Z. Newspapers, 33s 6d; 200 Radio (1936), 19s 6d; 100 Sanford, 10s; 1000 Taubmans, 14s 2d; 450 Woolworths, Sydney, 17s. Unlisted: 200 Hellabys, 465; 200 Kaiapoi Wool., 29s 6d; 250 N.Z. Motor Bodies, 425. WELLINGTON Sales.—Late Tuesday: £lOOO 32 per cent., 1962, £9B ss; 833 C.8.A., rights (3 sales), 2s; 400 Felt and Textiles Aust., 23s 9d; 200 Radio, 1936, 19s 6d; 200 Woolworths N.Z., 21s 3d. Yesterday: £6OOO 3 per cent., 1955-58, £9B 2s 6d; £10,500 .5 per cent., 1959-61 (3 sales), £95 2s 6d; £BlB5 3 per cent.. 1960-63, £93 7s 6d; £12,000 3 per cent., 1961-63, £94 2s 6d; £2360 3 per cent., 1961-64, £92 2s 6d; £4435 31 per cent., 1957-60, £96 15s; £5OO 3 per cent., 1961-63, £94 2s 6d; £3OO 31 per cent., 1953-57, £lOO 10s; £2500 34 per cent., 1962, £9B ss; £5OO Wellington C. 3A per cent., 1/2/63. £93 12s 6ci £2300 Wellington Harbour Board. 41 per cent., 28.2.61, £lOl Is 3d; 10 Bank New South Wales. £33 15s; 150 Comm. Bank Aust., ex rts., 15s Id: 598 C.8..A.. rts. (4 sales), 2s Id; 1000 Alex Harvey, pref, 225; 400 B. L. Hart (2 sales). 445; 100 8.H.P., 34s 3d and 100 contributing, 16s 3d; 50 Claude Neon, N.Z.. £2 7s 3d; 200 Consol. Bricks, 13s 6d; 200 Dunlop N.Z., pref. (2 sales), 16s 6d; 100 Felt and Textiles, N.Z., cum, 35s 6d; 280 G. J. Coles, rts. (2 sales), 9s 6d; 100 Milne and Choyce, 57s 6d; 294 N.Z. Forest Products, pref. (2 sales), 19s 6d; 100 Ross and Glendining. 36s 6d; 100 Tasman, 15s paid. 20s 4d; 1009 Taubmans. 14s 2d: 50 Wellington Wool pref., £ll 10s; 1000 Woolwtrths. Ltd. (3 sales), 17s; 100 Woolworths N.Z. Properties, pref., 22s €d; 120 Woolworths Properties, pref., 16s. Unlisted: 200 Cyclone Fence, ord. calls paid adv., 24s 6d. Sales reported: 400 Wgtn. Gas. pref., 21s; 200 Felt and Textiles. Aust.. 23s 9d; DUNEDIN Sales.— Late Tuesday: 100 Wright, Stephenson, ord., 45s 6d; 200 Electro. Zinc. 42s 6d; 400 Fletcher Holdings. C pref., 21s. Yesterday: 400 Commercial Bank, 15s Id; 77 A.C.1., 425; 100 Woolworths. Ltd., 17s. Sales reported: 210 N.Z. Newspapers, 33s sd; 250 Ross and Glendining, 36s 6d; 200 Woolworths. Ltd., 17s; 300 Commercial Bank, 15s Id; 100 Standard Insurance, 995; 400 H. 8., 365; 66 Commercial Bank, rts., 2s and 66 at 2s Id: 250 N.Z. Motor Bodies (unlisted), 425. INVERCARGILL Sales Reported.—£3soo 33 per cent., 1965, £9B ss; 50 Wright, Stephenson, 45s 6d; 100 Fletchers, 43s 3d.

OVERSEAS EXCHANGES SYDNEY Sales.— Commercial Bank of Sydney. £2O 12s; Commercial Bank of Australia, 19s; Bank of New South Wales, £37 10s; Toohevs, 325; Tooth, 58s 6d; Amalgamated Wireless, 22s 6d; A. Hordern, 425; A.C.1., 52s 6d; British Tobacco, 38s IJd; B.H.P. 42s 6d: Duqlop 36s 3d; Electrolytic Zinc. 50s; Email, 14s; F. W. Hughes, 14s 6d; 465; Morts Dock, 225; Taubmans. 18s 3d; Woolworths, 21s ljd; Mount Morgan, 28s 4Jd; Peko, 7s sd; Placer, £l5; Mount Lvell 26s 6d; Mount Isa. 71s 6d; Ampol Petroleum, 16s 3d; Oil Drilling Exploration, 3s lOd; Ampol Exploration. 19s 9d; Oil Search, 6s 7d; Australian Uranium Corporation, 5s 7d; N.A.U.C., 10s 9d; Uranium Development, ss; North Broken Hill, 97s 6d; Yarra Falls, 32s 9d; W. R. Carpenter 20s. MELBOURNE Active trading in leading investment stocks was again a feature of the day’s trading and prices maintained a strong undertone. Oil stocks were more active and prices tended to firm. Mining issues moved variably. Sales.—Commercial Bank, 18s 9d; rights, 2s 6d; and, pref., £7 Ils; Goldsbrough, 38s; Carlton Brewery, 48s; A.W.A., 22s 9d, and. new. 20s 9d; Ampol, 16s 3d; options, 3s lid; Assoc. Pulp, 28s 7d: and, new, 27s 9d; A.C.1., 53s 6d; A.P.M., 22s 6d; Aust. Iron and Steel, pref., 26s 6d; Bradford Cotton, 41s 3d; British Tobacco, pref., 22s Id; 8.H.P., 42s 9d, and, 6s 8d capital paid, 20s 6d; Courtaulds, 17s 7dDunlop 365; Electro. Zinc, 50s 3d; and, pref., 49s 3d; G. J. Coles, 18s 3d; and, rights, 12s 3d; Gordon and Gotch, 20s; Henry Jones, 56s 6d; Herald, 20s; Humes, 64s 9d; 1.C.1., A., N.Z., 45s 7d; and, pref., 20s 2d; Kauri Timber, 40s; Myer, 15s Id; Olympic, 9s Id; Woolworths, 21s 2d; Broken Hill South, 68s 6d; Consolidated Zinc, 71s; North Aust. Uranium, 10s lOd; Uranium Development, 5s Id: Uranium Mines. 7s; Emperor Mines, 13s; Mount Morgan. 28s 3d; and, pref., 14s; Ampol Exploration, 19s; Oil Search, rights, Is 6d. LONDON Banks and Debentures.— A.N.Z. Bank, sale, 37s 3d; Commercial Bank Australia, sale. 14s lid: E., S., and A. Bank, sale, £6 2s 6d; Bank of New South Wales, buyer £3O. seller £3O 15s; British Tobacco, buyer, 29s 6d, seller 30s 6d; Goldsbrough, Mort, sale. 29s 4£d; Dalgety, sale, Ils 4Jd; National Bank of New Zealand, buyer, 345, seller 38s (quotations following announcement of proposed subdivision into three shares of 50s, each ct £1 sterling paid per share); Dalgety, 19*5-70, buyer, £9l. seller £93; New Zealand Loan and Mercantile, 4 per cent, debentures, buyer £76, seller £7B; Loan and Mercantile, ordinary stock, buyer 28s, seller 295; P. and O. deferred, middle price, 70s 3d. Minings: Broken Hill North, 765; Broken Hill South, 53s 9d; Consolidated Zinc. 335; Electrolytic Zinc, 58s 4Ad; New Broken Hill, 425; Mount Morgan, 225.

CHRISTCHURCH Sales on ’Change, Listed £ s. d. Var’r £305 N.Z. Govt. Stock, 34 p.c., 1957-60 .. 96 15 0 187 C.B.A., Ltd., rights 0 ? 1 4-ld 20 E., S., and A. Bank 5 18 0 600 Christchurch Gas (3 sales) 0 17 0 -1/200 South British Insurance (2 sales) 3 6 9 4-3d 200 N.Z. Farmers’ Coop. (2 sales) 0 15 0 N.C. 200 Wright, Stephen2 5 6 —6d 200 Tekau, c.d.' 16 6 4-6d 238 G. J. Coles, rights (5 sales) 0 9 6 N.C. 100 Norvic Shoes 0 13 9 4-3d 500 Woolworths, Ltd. 0 17 0 N.C. 200 Mount Lyell 116 N.C. Sales Reported, £3500 N.Z. Govt. Stock, 3 p.c., 1960-63 Listed 93 5 0 £500 N.Z. Govt. Stock, 3 p.c., 1961-63 500 C.B.A., Ltd. 94 2 6 0 15 1 N.C. 100 National Bank of A/asia, £1 paid .. 17 0 —6d 100 Tekau, c.d. 16 6 4-6d 200 Fletcher Holdings 2 3 3 N,.C. 100 G. J. Coles 0 14 2 4-Id 400 Hallensteins 1 16 0 N.C. 200 Humes 2 11 6 N.C. 25 K.P. Drugs 7 6 0 -6d 258 Reid Rubber, pref. 110 — 100 Tasman Pulp and Paper, fully paid 15 6 — Sales on ’Change, 400 Cyclone Fence and Gate, 10s pd., 10s in advance, ord. (2 sales) Unlisted 14 6 Sales Reported, 1 422 Kaiapoi Woollens. Unlisted 19 6 N.C.