COMMERCIAL

Press, Volume XCII, Issue 27734, 11 August 1955, Page 17

COMMERCIAL

STOCK EXCHANGES MARKETS ACTIVE A good volume of diversified business wes transacted on the Christchurch Stock Exchange yesterday. Falls outnumbered gains, but there were no material alterations. DOMINION TRANSACTIONS Sales on ’Change, Listed Stocks

AUCKLAND Sales;—Late Tues-Jay: 200 Fletchers. 435; 800. Robs and Glendlning, 375. Yesterday: £2500 3 per cent., 15/12/53-56, £9.1 17s Cd; £SCOJ 3 per cent., 15/2/55-58, £9B 13s Ld: £lO JO 3 per cent , 15/3/59-81, £95 12s 6d; £930 3 per cent., 15/4/30-83, £93 15s; £6OO Auckland City Council, 4 per cent., 1/6/61, £99 10s, and £5OO <1 per cent., 1/11/59, £lOl 2s 6d; 500 Commercial Bank of Australia, new, 14s lOd; 700 Auckland Gas, 10s paid, 6s 3d; 859 South British Insurance, 695; 100 North Auckland Farmers, B pref.. 19s; 1000 Northern Steam, rights, 4s OJd; 200 Tekau Knitwear, 25s 3d; 300 Armst eng and S.?ringball, : 0s 6d: 213 P.erlei Industries. 4?s 9d; 350 B. L. Kart, <?s; 80) Consolidated Brick, 12s 6d; 200 Dominion Fertiliser, 43s 6d; 50 Fletchers, 435, and 200 C pref., 21s 3d; 1305 Coles, rights, 9s 7d; 100 Greers, 22s 3d; 50 KP. Drug. £7 7s: 570 Forest Products. 16s 6d; 300 Ross and Glendlning, 375, and 200 contr.. 27s 6d; 500 Tip Top Ice, 20s 3d; 409 William Cable, 325. and 200, new, 31s lOd; 300 Woolworth?. N.Z., 21s. and 150 Props., pref.. 22s 6d; 200 Woolworths, Sydney, 13s. Unlisted: 650 Northern Steel, 30s; 1200 Tingey. 9s 6d. WELLINGTON Sales.—La*e Tuesday, £76*90 3J per cent. (2 sales), £9B 12s 6d; £2890 3? per cent., 1965-63 (2 sales). £97 7s 6d. Yesterday: £5OOO 3 per cent., 1055-53, £9B 13s- fd; £490 3 per cent., 1959-61, £95 12s 6d; £3OOO 32 per cent., 1965 (4 sales). £93 12s 6d; £lOOO 3% per cent., 1974, £97 ss; 100 South British insurance, 60s 6d; 100 A. and N.Z. Bank. 355; 350 B. L. Hart (2 sales). 4«s; 2*o Colonial Susar (2 sales). £3l 12s 6d: 180 K.P. N.Z. Dug (3 sales). £7 7s: 40 G. J. Coles, rights, 9s 7d: 2001 Fletchers, 435; 200 Turnbu’l and Jones, pref. (2 sales), 21s; 100 NoPvic, l*s 3d; 100 Ross and Glendinmg, contr., 27s fd; 2CO William Cable Holdings, new. 31s 10d; 500 Wilson’s Cement. I's 6d; 700 Woolworths. Ld. (3 sales). 16s. and 300 at 16s 3d. Unofficial: 500 Dominion Life. Us; 300 R. and JS. Tingey, 9s 6d; ICO Street Industries. 225. Sales Reported.—2oo Turnbull and Jones. 39s 6d; 309 Armstrong. Springhall, 30s 6d; 200 K.P. N.Z. Drug, £7 7s. DUNEDIN Salevr-Late Tuesday: 150 K.P. N.Z. Drug. £7 7s: 600 Auckland Gas, 6s 3d; 500 Broken Hill Proprietary, 355; 500 G. J. Coles, rights. 9s 7Jd; 150 Wright,. Stap)-«enFon. 45s 3d. Sales Reported.—loo K.P. N.Z. Drug, £7 7s; 309 Dominion Rubber, ord.. 20s: 150 G. J. Coles, rights. 9s 7Jd; 250 G. J. Coles, rights. 9s 7d; 500 A.C.1., 42s ICid; 200 Mount Morgan, 22s £d: £1290 N.Z. Govt. 3 per cent.. 15/3/59-61. £95 12s 6d: £5OO 3 per cent., £94 10s; £l4OO 0? per cent.. J 5/5/82, £9B 12s 6d; 520 3 per cent.. 1961-C4, £92: 100 Dominion Fertiliser. 4.’s 6d. Unlisted: 1000 R. and E. Tingey. ord., 9s fid. TJVERSEAS EXCHANGES SYDNEY A weakness was pronounced on the Sydney Stock Exchange yesterday. Most leading industrial- stocks sold at lower prices. Oil prospecting shares were irregular and uranium concerns had a weaker tendency. Salesv—Commercial Bank of Sydney, £2l 13s; Bank of New South Wa’es, ex ■div., £37 10s; Tooheys, 31s €d; Tooth. 55s 6d; Amalgamated Wireless, 2)s 6d and new nadd. 20s fid: A.C.1., 545; Australian Pax>er Mfrs., 22s 7Jd’ Bradford. 41s 3d; British Tobacco. 36s 6d: 8.H.P., 425; Burns. Philo, ex rts., 518 and rts.. 28s: Colonial Sugar. £43 ss: Courtauld 3, ,17s 6d; D. Jones. 60s; Drug Houses, 325; Dunlop, 35s 6d: Electrolytic Zinc. 46s 6d; Felt and Textiles. 28s 4jd; G. J. Coles, ex rts., 17s lOJd: hnd rts.. 12s 4d: Goldsbrough, 37s 3d. Taubmans. 18s 9d; Woolworths, 19s 3d; Emneror. 13s; Mt. Morgan, 28s 9d; Peko, 7s 6d; Mt. Lyell. 27s 9d: Mt. Isa. 79s 9d: Ampol Petroleum, l«s 9d; Ampol Exploration, Us 6d; Assoc. Freney. 3s: Oil Search, 6s; A.0.E.. paid, 4s 7d: N.A.U.C., paid. Ps 2d: Uranium Mines. 5s 6d; North Uranium Development, 5s 7d. MELBOURNE Investment turnover was maintained at a high level on tiie Melbourne Stock Exchange yesterday, but prices, particularly on leading stocks, were easier. A firmer market for silver and lead stocks was the feature of the mining section. Other stocks moved narrowly. Sales.—Broken Hill South, 70s 2d; Consol. Zinc. 66s Gd; Mt. Isa, 72s 6d: Mt. Lyell, 27s 7d: New Broken Hill. 50s 6d; North Broken Hill, 98s; N.A.U.C., 9s Id: Uranium Development, 3s 9d; Mt. Morgan pref., 14s 9d; Ampol Exploration. l?.s 7d; Cil Search, 6s Id, and rights. Is Id: Commercial Bank, new. 18s- E., S., and A. Bank. 130 s: Goldsbrough, 27s 3d; Carlton 21e and rights, 10s fid: Ampol, 16s lid and options. 4s sd; Assoc. Pulp, 265; A.C.1.. 53s fid: A.P.M., 22s 9d; British Tobacco, 37s 3d: 8.H.P., 42s *d and 6s fid cap. paid. 20s 6d; Colonial Sugar, £43 ss; Courraulds, 17s id; Drug Houses, 325; Dunlo 3. new, 3*s; Flectro. Zinc. 46s 9d and pref.. 44s fid: Felt and Textiles. 28s 6d; General Industries. 10s Pd: G. J. Coles, rts., 12s. Id: Gordon and Got*'h, 21s 7d: Herald. 21s fid; Humes. 66s;’ T.C.T.. A., and N.Z.. 455: Kauri Timber, 395; Myer. 15s lid: N.Z. Forest. 26s sd: Olympic. 9s 2d: Patons and Baldwins. 24s 3d; Woolworths. IPs 2d. , LONDON Mining?: Consolidated Zinc, 54s 3d: New Broken Hill, 40s 0d; Mt. Lyell, 22s 3d; Mt. Morgan. 22s 6d. Ban’ts and debentures: Australia and New Zealand Bank, sale 32s 9d; Commercial Bank of Australia, sale Ils 6d; E., S., and A. Bank, buyers £5 7s 6d. seller £5 15s: Bank of New South Wales, buyer £29, seller £3O; British Tobacco, buyer 295. seller 3Cs; Goldsbrough, Mort, sale 30s; Dalgety, sale Us; National E>ik o' New Zealand, sale 32s 6d; Dalgety, 1975-80, 4’i per cent, redeemable debenture stock, sale £BB ss: New Zealand Loan and Mercantile 4 per cent, debentures. buyer £74. seller £76. and ordinary stock, sale 28s 3d: P. and O. deferred, middle price. 345.

£ s. d. Var’n £700 N.Z. Govt. 3 p.c. Stock, Dec., 53-56 (2 sales) 98 17 6 £200 N.Z. Govt. 4 p.c. Stock, 54-53 100 15 0 100 N.Z. Breweries 2 3 0 N.C. 100 GoWsbrougb, Mort 19 9 -3d 100 Feltex, Aust. 14 6 -3d .500 Broken Hill Pty. (4 - l ale9) • • 1 15 0 N.C. 100 Brbken Hill Pty. .. 1 14 11 —Id 100 Fletchers, ‘‘C’’ pref. 113 4- 3d <60 Coles, rights (9 sales) 0 9 7 -Id 100 N.Z. Forest Products, ord. 0 16 J —Id 300 Wm, Cable Holdings, old (2 sales) 1 12 0 100 WoplworthB (N.Z.). ord. 1 1 3 N.C. Sales Reported, Listed £300 N.Z. Govt., 3 p.c. Stock, May, 53-56 99 15 0 —— 200 N.Z. Refrig., fully paid .. .. 2 14 6 — 800 South British Insurance (2 sales) 3 8 6 4-fid 350 Aulsebrooks, pref. 10 6 -3d 100 British Tobacco 1 10 0 N.C. 8 Colonial Sugars 34 10 0 4-5s 100 I.C.I., A.N.Z., x.d. 1 16 6 N.C. 100 Norvic Sho6s 0 14 3 4-6d 400 Woolworths, Ltd. .. 0 16 3 —6d 100 Tip Top Ice 10 3 N.C.

CHRISTCHURCH QUOTATIONS Buyers. Sellers. £ s d. £ s. d. N.Z. GOvt.— 3 p.c., 15/3/53-56 99 12 6 — 3 p.C., 15/12/63-56 93 17 6 3 p.c., 15/2/55-53 98 12 6 98 17 6 3 p.c., 15/3/59-61 95 15 0 3 p.c., 15/4/60-82 94 12 6 3 p.c., 15/4/60-83 93 12 6 — 3 p.c., 15/7/61-63 92 10 0 — 3 p.c., 15/6/61-81 —— 92 5 0 3J p.c., 15/1/53-57 98 17 6 99 5 0 35 p.C., 15/9/59 —— 100 2 6 32 p.c., 15/6/59-60 99 0 0 — 32 p.c., 15/5/62 98 10 0 — p.c., 15/9/65 — 98 17 6 32 p.C., 65-66 98 15 0 — 4 p.c.. 31/5/54-58 ’ 100 12 6 — Banks— Aest. and N.Z. 1 16 0 Comm, of Aust. 0 14 11 _— New 0 14 9 0 15 E., S., and A. — 6 0 0 National of N.Z. — 1 16 0 N.S.W., x.d. 33 5 0 33 10 0 Beilins, ord. 1 9 0 Pref. 1 0 4 — Dominion — 5 4 0 New Zealand 2 3 0 2 3 6 Westland 2 1 0 — Meat— Canterbury 24 10 0 25 0 0 P* ef. . . i 1U 0 7 15 u Goar 1 7 0 N.Z. Refrig., 20s 2 14 0 2 14 6 10s 1 7 6 1 8 0 h »«r*b Canty., pre 1 3 6 — Waitaki .. 12 10 0 — Ges— Christchurch 0 17 6 — Cont. —— 0 12 0 Wellington, pref. — 1 0 9 F.A.M.E., pref. 1 9 0 — National 1 7 10 — Queensland 2 12 0 — South British 3 8 6 —- Standard 5 .0 0 5 2 8 and Agency— CJ.C.A., ord. 1 15 0 —. Pref. 3 0 0 “•a Dalgety, ”A” — 0 11 3 Dalgety, "B” — 0 11 3 Goldsb rough. Mort 1 9 6 1 9 9 Invincible Building 4 12 6 5 0 0 Benefit 1 11 0 Nrt. Mort., "A” . 0 12 3 0 13 0 *'B” 3 0 0 —

Buyers £ s d. £ 3e s d. N.Z.F. Co-op. 0 15 0 0 15 4 First pref. 0 15 9 MM ' "A” pref. 0 14 3 MM **B” pref. 0 14 3 — 4i p.c. stock. ’60 95 5 0 MM 4J p.c. Stock, ’65 94 15 0 MM xs.iu. Guar. Lurpn. 0 2 2 0 2 4 Perm. Investment 11 10 0 MM Perp. Trustees 2 5 0 MM S.I. Finance 1 9 3 MM United Building .. MM 10 3 Wright, Stephenson pref. MM 1 3 3 Shi'-ping— Huddart Parker .. 2 10 6 Pref. 0 17 9 MMNorthern, rights .. — 0 0 7 Union, pref. 15 0 MM Timber— Rotoiti 19 6 MM. Putaruru, pref. 10 3 MM Parker Lamb 0 5 0 MM rt mUiena— Bonds 3 11 6 MM Feltex 1 4 6 Feltex. N.Z., pf. .. — 1 1 6 Korma Tex. MM 0 16 3 Pref. MM 0 17 9 Lane Walker Ind. 2 3 0 Pref. 1 2 1 MM Mosglel .; . 3 4 3 MM Oamaru 2 9 6 MM. Tefcau 1 5 0 15 4 Pref. .. .. MM I 1 Matheson. Minster 0 9 0 0 9 7 Timaru 1 15 0 Wellington 11 5 0 —— MiscNlanevtis— Alloy Steel (N.Z.) MM 2 3 0 Amal. Batt. 1 12 0 MM Ampol 0 13 0 MM Andersons, 1st pref. 1 2 0 MM Andtews and Heaven. pref. MM 110 AcJsebrooks, pref. 1 0 6 1 0 9 Aust., C.I. 2 2 6 2 4 0 Aust. Foun. Invest. 0 4 3 MM Avon Meta. MM 0 9 9 Beath and Co. M> 2 14 0 Is paid 1 3 9 Apex Ice .. MM 2 ~5 6 Begg and Co. 2 15 0 Mm Booth, Macdonald 0 4 7 0 5 0 British Tobacco MM 1 10 0 Broken Hill Pty. 1 14 6 1 15 0 Burns Philp, rights. — 1 5 0 Claude Neon. N.Z. 2 7 0 mm Colonial Sugar 34 5 0 34 15 0 Consolidated Brick 0 13 0 Coulls. Somerville 1 16 0 —— Courtaulds 0 14 3 0 14 5 Dominion Rubber MM 1 2 0 Dom. Builders 0 10 0 0 11 0 Dom. Fertiliser 2 3 0 __ Donaghy’s Rope .. 2 3 0 M— D.I.C. 1 5 6 1 6 0 Dental and Med. 1 15 0 Dunlop (N.Z.) 1 3 3 MM Pref. 0 16 8 MM Electro. Zinc, ord. 1 18 6 Pref. 1 16 6 1 17 6 Evans Atlas 0 17 2 0 18 0 Fletcher Holdings 2 3 0 ■*B‘’ pref. 10 3 "C” pref. 110 1 1 5 Frozen Products .. 0 7 6 M— G. J. Coles 0 14 5 0 14 8 Greater Crystal 1 3 0 MM Griffin end Sons .. 2 3 0 Coles, rights 0 "9 7 0 9 8 Hay’s, Ltd. 1 13 0 1 13 6 Pref. 1 2 0 He r.i' firry, pref. 1 1 0 —M Henry Jones -M 2 5 0 Humes (N.Z.k pref. 1 2 0 T.C.I.. A.N.Z., x.d. 1 16 0 —— J. Gads-'en. pf. .. 1 1 6 John Chambers .. 1 10 6 1 11 0 J. J. Niven 2 9 6 J. Wattle Canneries MM . 1 17 0 K.P. Drugs —— 7 7 6 M.C.P. 0 6 0 Mas.. Struthers. £1 paid 1 13 9 MM 14s paid 1 1 0 MM IPs paid 0 15 6 -M McCaske.v, pref. .. MM. 0 18 0 McKenzies MM 1 4 0 McLeod MM 2 18 6 Milburn Lime MM 1 9 8 M.K Manufac. — 0 13 .) Morts Dock . «. 0 16 0 0 17 5 National Electric .. MM 7 8 K-Z.F Fertiliser .. 2 10 Pref. 1 3 3 N.Z. Forest Prods. 0 16 8 Pref. .. _ 1 0 0 N.Z in dust Gas. pref. 0 19 6 mM N.Z. New®naoe’ , s .. 1 15 1 MM N.Z. Paner Mills .. - MM 1 11 9 Norvic Shoes 0 14 3 MM Petrous T’lc 1 1 9 —M Radio (1036) 0 19 0 TTM Quill, Morris <1930) 1 7 0 M— Revl Rubber 1 7 0 1 7 9 Pref. 1 1 0 — . Ko-s and Glendining 1 16 6 - T— Cont. 1 7 0 18 0 Sneedway —M 17 0 S.m son and Williams 2 15 0 MM Fkellerup, pref. 1 0 10 MM Trsman, l?s paid MM 1 4 1 Fully paid MM 19 0 Weeks, pref MM 12 3 Transport, Nelson 1 7 6 MM Whakatane, pref. .. 12 6 New, ord. 1 4 9 Whit, and Tombs 1 13 6 MM Wm Cable Mldgs.. old 1 11 9 1 12 0 New MM . 1 12 0 Wilson’s Cement 0 15 6 0 15 7 Woolworths, ord. .. 0 16 1 0 16 2 , (N.Z.), ord. 1 1 0 Pp., pref. 1 2 3 W. R. Cooke and Son 0 16 0 0 18 3 Tip Top . . 10 0 10 9 Nelson (Fisheries) 1 1 0 13 0 Aust. MiningMount Lyell 1 2 1 1 2 6 Mount Morgan 1 2 3 Oil Search, rights MM 0 12 Mining— G River 0 3 9 MM Kaniere MM 0 11 6 Snowy River, c.d. .. 0 3 0 0 4 0 UNLISTED STOCKS Buyers. Sellers. £ s. d. £ s. d. Cyclone, 10s paid .. 0 14 3 Cyclone. 10s paid in advance 14 6 15 0 Cyclone, pref. 10s paid 0 11 0 MMM Cyclone, pref., 10s in advance 110 M MM. Colonial Motors 1 17 0 MM Canty. Seed, rights. 0 10 0 «MM Heaths (Is pci.. 19s deposit) 2 3 0 2 7 0 Buntings 1 8 6 Canty. Seed 1 10 6 MM Carbonic Ice 3 16 mm Christchurch Press. 13 6 0 MM Europa Oil (N.Z.), pref. 1 12 6 1 16 0 Kaia»-ni V. oollenc .. 19 6 — Pref 1 3 n MM lVatc.4 Forests 0 4 0 0 4 6 N.Z. Woolpacks 0 6 0 National tobacco MT 0 14 • Tingey, R. and E. MM 0 10 0 Rcecc, Ltd.. E„ ord. 0 6 9 0 7 9 R'g'r' TTm-'tre 0 13 ’ MM Rink Invest. 1 12 0 MM Scales 0 12 9 M— Vibrapac 14 6 Vig. Fire Alarms MM 1 0 6 Waikari Lime, 17s 6d paid 15 0 —- Wee’s (Wanganui), pref. — 12 0