COMMERCIAL

Press, Volume XCII, Issue 27735, 12 August 1955, Page 16

COMMERCIAL

STOCK EXCHANGES PRICE FALLS OUTNUMBER RISES In moderate business on the Christchurch Stock Exchange yesterday there was a weaker toiu. with lu sates at recuc’d rates and only three at better prices. Bank of New South Wales lost 2s 5a to sell at £33 7s 6d. and later buyers were > back anotaer 2s6d, but with no sellers. Dominion Breweries were 6d easier in business at £5 4s. and later sellers were offering at th s prLe with an absence of buyers. A 6d drop was also shown by Broken Hill Pty. in a sale at 34s 6d. and subsequently buyers reduced their limns to 34s with no sellers quoted. Woolworths, Ltd., also had dealings 6d less at 15s &d. and later buyers were quoting 15s 6d and sellers 15s lOd. Forest Products, ordinary eased to 16s 6d. and buyers afterwards offered 16s 5d with sellers 3d off. G. J. Coles, rignts, were Id cheaper at 9s 6d, and buyers were steady at that figure with sellers wanting 1c more. On the other hand, KJ*. Drugs gamed is at £7 7s, but buyers were quoted at £1 Cs the close with sellers at £7 7s. In the unlisted se tion, Canterbury Seed rights were Is better in a sale at 1L». Buyers subsequently offered 10s 6d without sellers. DOMINION TRANSACTIONS

o , AUCKLAND Sales.—Late Wednesday: 400 Hallen--5s 6d; 50 Waltons, cont., 9s 6d; 700 Wilsons Cement 15s 6d; 200 Emperor Gold.--10s 9d. Yesterday: £BOO 15/11/57-60, pe iy ent ’ £95 10s ’ £7 °® 15/8/59-61,, £95 15/ ? /62 ’ 3 «_ P er cent., £9B }/q/«7 New P yn <R ®° rou Bh Council, 1/9/67, 44 per cent., £lOO 10s; £333 Auckland Gas, 4i per < cent. Deb., £73; 600 Commercial Bank of Australia, new, 14s lOd; 56 Bank of New South Wales, £33 7s 6d; 100 Ballins Brewery, 28s 6d; 150 National Insurance, 28s; 25 N.Z. Insurance. £7 3s; 200 South British, 695; 21 F.A.C., £5 paid, £7 10s, and 400 B pref., 21s 9d: 100 Goldsbrough. Mort, 29s 9d; 200 Trad-

ers’ Fin., cont., 15s 3d; 300 Feltex, N.Z., P l **-’ 21s 3d: 300 Armstrong and Spring- I hall. 30s 6d; 500 Consol. Brick, ex div., Ils 9d; 55 Farmers’ Trading, 41s 9d and 50 41s 6d; 100 Fletchers, 435; 60 Coles, rts., 9s 7d and 50u 9s 7id; 350 Greers, 22s ’ 3d; 100 Hays, 335; 100 M.K. Mfrs., 12s 8d; 350 Reid Rucber, pref., 21s 3d; 2200 Ross and Glendining, 375; 250 Silknit, 13s 3d; 696 Union Oil, 265; 1000 Waltons, cont., 9s 6d; 800 Wilson’s Cement, 15s 6d. Unlisted: 50 Henderson and Pollard, 555-100 100 Matea Forests, 4s 4d; 300 Tingev. 9s 7d WELLINGTON Sales.—Late Wednesday: £3OO 3 per cent., 1959-61, £95 12s 6d; 500 Commercial of Australia, new, fully paid. 14s lOd; 1000 G. J. Coles, rights, 9s 7d. Yesterday: £4OO 3 per cent., 1959-er, £95 12s 6d; £2200, May, 1953-56, £99 15s; £l3OO 1962-64, £92; £3550 33 per cent., 1962 (2 sales), £9B 13s 9d; £4BOO 1959 (2 sales), £lOO 2s 6d; 1000 Commercial of Australia, new, 14s 9d; 25 Bank of New South Wales; £33 7s 6d; 70 Dominion Brewery, £5 3s; 700 N.Z. Breweries (2 sales), 435; 400 National Insurance, 28s; 24 N.Z. Insurance, ex div., £7 3s; 500 South British Insurance, 68s 6d; 90 G. J. Coles, ex rts. (3 sales), 14s 3d and 1290 rights (6 sales), 9s 6d; 10 Newton King, 18s 3d; 100 Wright, Stephenson, 45s 3d; 100 B.HJP., cont., 16s 6d; 200 K.P. N.Z. Drugs, £7 7s; 100 Tasman, 15s paid, 22s 6d; 300 Turnbull and Jones, 39s 6d; 150 Milne and Choyce (2 sales), 58s; 1200 N.Z. Forest Products (3 sales), 16s 6d; 1200 Ross and Glendining. cont. (2 sales), 275; 400 Ross and Gledining (2 sales), cont., 27s 6d; 975 Woolworths, NJZ. (3 sales), 21s; 500 Woolworths, Ltd.. 15s 6d; DUNEDIN Sales on Change.—loo Ballins Brewery, 28s 6d; 160- Mosgiel Woollen (2 sales), 68s 3d; 50 Claude Neon of N.Z., 475; 100 M. Ltd., 6s; 100 Goldsbrough Mort, 29s 6d; 15 Bank of New South Wales, _ £33 7s 6d. Late sales reported: 53 K.P. N2. Drug, £7 7s. Sales reported: 100 N. Refrigerating, paid, 54s 6d; 250 » South British Insurance, 68s 6d; 150 7 Wright, Stephenson, ord., 45s 3d; 400 Hal- / lenstein Bros., rts., 5s 6d; 75 Humes, / Ltd., 525; £3OO N.Z. Govt. 33 per cent. Stock, Sept. 15, 1969, £97 15s; 250 Natl. Insurance, 28s; 250 Natl. Mortgage “A,” 12s ?d; 690 G. J. Coles, rts, •9s 6d; 245 G. J. Coles, rts.. 9s 7d; 200 Union Steam Ship, pref., 255. INVERCARGILL Sales Reported.— lso Wright. Stephenson, 45s 3d; 100 LCX (ord.), 36s 6d; 100 N.Z. Refrigerating. 54s 6d.

OVERSEAS EXCHANGES SYDNEY There was a pause in the downward trend on the Sydney Stock Exchange \ yesterday, but the basic tone continued weak. Most leading industrial stock sold L at lower prices. Oil prospecting shares were firmer, but uranium concerns were weaker. , „ J Sales.—Commercial Bank of Sydney, £2l 15s; Bank of New South Wales, ex div., £37 12s 6d; Tooths. 555; Associated News., 26s «d; A.C.1.. 53s 6d; Australian Paper Manufacturers. 22s 6d; Bradford, 41s 3d; British Tobacco, 365; BJLP., 425; Colonial Sugar, £43 ss; Dunlop, 355; Drug Houses, 31s 7Jd; Felt and Textiles, 27s 9d; G. J. Coles, ex rts., 17s 7Jd and rights, 12s 2d; T.CX, ex div., 44s 3d; Phillip Morris, 21s 9d; Taubmans, Ifts; Woolworths, 19s 4Jd; Yarra Falls, 34s 9d; Mt. Morgan, 28s 9d; New Guinea Gold, Is BJd; Peko, 7s 7d; Mt. Lyell, 27s 6d; Consolid. Zinc, 68s; Mt. Isa, 76s 3d; New Broken Hill, 51s; Ampol Petroleum, 16s 9d; Ampol Exploration, 18s 9d; Associated Freney. 3»: A.0.E., paid, fo 10d; OU Search, ex rts., 6s, and rts., lid; N.A.U.C., 6s; N.UJD., 5s 6d; Uranium Development, 4s; West Uranium, 2s Bd. MELBOURNE Sales covered a wide range of stock in the investment section of the Melbourne Stock Exchange yesterday, but prices recorded a variable tone. Leading issues appeared slightly easier. Mining turnover was moderate, but prices again recorded a variable tone. Silver and lead were firmer. Commonwealth loans held fil s£ie,._Broken Hill South, TO, Sd; Consol Zinc,. 68s 8d; Mt. Lyell, 27s sd; New Broken Hill, 51s 3d; North Broken HUI, 98s- NJL.U.C., 8s 9d; Uranium Develop., 3s 10d: Uranium Mines, 5s 4d; Emperor, 12s lOd; Mt. Morgan, pref., 14s lOd; Ampol Explor., 18s 6d; Oil Search, 6s 3d and rights. Is Id; Commercial Bank, new, 18s; 39s 6d; E., S., and A., . . 1355; Goldsbrough, 375; Carlton Brewery, C.l rts.. 10s 4d; Ampol, 16s 9d and options, ■m 4s 4d; Associated Pulp, 28s; A.C.1., 545; A.P.M., 22s 6d and pref., 19s 9d; BradZ"! ford Cotton, 41s 7d; British Tobacco, 36s 6d; 8.H.P.. 42s 3d, 6s 8d cap. pd., 20s 6d; Colonial Sugar, £43 ss; Drug Houses, 32s 3d- DunlopT3ss 6d; Electro. Zinc, 46s 6d, and pref., 44s 9d; Felt and Textiles, 27s 9d and pref., 3rd, 12s; General Motors, oref. 23s 3d; Gen. Industries, rts., 10s 6d; G. J. Coles, 17s 6d and rts., 12s Id; Gordon and Gotch, 21s «d; HerakL 20s 8d; Humes, 665; IX.L, A. and N.Z., Ms 9d; Myer, 15s 9d; N.Z. Foreste, Ms 3d; Olympic, 9s 2d; Woolworths, 19s 3d. CHRISTCHURCH QUOTATIONS

CHRISTCHURCH ales on ’Change, Listed Stocks £ s. . £530 N.Z. Govt., 3 p.c. Stock. 57-60 95 7 6 200 Ballins Breweries, 100 pref. Dominion Breweries 1 5 0 4 6 0 N.C. —6d 235 G. J. Colts, rights (3 sales) 0 9 6 -Id Sales Reported, Listed 15 Bank of N.S.W. .. 33 7 6 —2/3 100 Dominion Breweries 5 0 —6d 50 730 Farmers’ Trading K.P. Drugs (2 sales) 2 1 7 6 0 N.C. 618 N.Z. Forest Products. ord. 0 16 6 950 Wool worths, Ltd. (2 sales) 0 15 9 —6d 200 Broken Hill Pty. .. 14 6 —6d 5u0 South British Insurance 3 8 6 N.c Sales Reported: Unlisted Stocks 170 Canty. Seed, rights AUCKLAN 0 11 0 4-1/-

V ntua x vxx v Buyers. £ s. d. Sellera. N.Z. GOW— 3 p.C., 15/12/53-56 .. 98 15 0 3 p.C., 15/2/55-58 .. — 98 15 0 3 p.C., 15/4/56-59 .. 97 0 0 3 p.c., 15/8/56-61 .. — 95 15 0 3 p.C., 15/4/60-62 .. — 94 12 6 3 p.c., 15/7/62-64 .. — 92 5 0 3i p.C., 15/1/53-57 .. — 99 5 0 3J p.C., 15/9/59 . — 100 2 6 3i p.c., 15/5/62 — 98 15 0 32 p.C., 15/9/65 .. — 98 7 6 32 p.c., 15/9/65-66 .. 96 15 0 4 p-c., 31/5/54-58 .. 100 15 0 100 17 6 Tasman, 1964 100 0 0 — BanksAust. and N.Z. .. -— 1 15 0 Comm, -of Aust. .. 0 15 0 — New — 0 15 0 N.S.W 33 5 0 — Breweries— Ballins, ord. — 1 8 6 Pref 10 6 Dominion . • New Zealand 2 2 9 5 4 0 Westland 2 10 — Frozen Meat— Canterbury •• 24 10 0 25 0 0 Pref. .. N.Z. Refrig.. 20s 7.10 0 2 14 0 2 14 6 10s ii ■ 18 0 horth Canty., pref. 13 6 — Southland 3 2 3 •.kWaitaki .. 12 7 6 GasChristchurch * » 0 17 3 Cont. .i . .. —- 0 12 0 Wellington, pref. .. — 10 9 Insurance— FAUX, pref. 19 0 —• National 18 0 Queensland 2 11 0 South British 3 7 0 3 10 0 Standard 5 0 0 _ - Loan and Agency— C.F.C.A., ord. 1 15 0 ■— Pref. 3 0 0 — Dalgety, "A” — 0 11 3 Dalgety, B .. 0 11 3 Goldsbrough, Mort —. 19 9 Invincible Building 4 12 6 •—

Buyers. £ s d. Seilers £ s. CL Mutual Benefit Nat. Mort., “A” .. 1 11 0 12 0 6 0 13 0 “B” • • N.Z.F. Co-op. 0 15 0 0 15 4 First pref. 0 15 9 — “A” pref. 0 14 3 — “B” pref. 0 14 3 — 4J p.c. Stock, 60 95 5 0 Guar. Corpn. 0 2 2 0 2 Perm. Investment 11 10 0 S’th Island Finance 1 9 0 United Building .• — Wright. Stephenson pref. SbiPi’ing— Huddart Parker .. — 1 10 5 Northern, rts. Union, pref. Timber— 1 5 Rotoiti 1 8 6 FarKer Lamb Woollens— 0 5 0 Bonds 3 11 Feltex .. , • • Korma Tex., pf. • • 1 3 0 18 0 Lane. Walker Ind. Pref. 1 2 Mosgiel 3 6 Oamaru Tekau 1 5 0 1 ~5 6 Pref. Math., Minster .. 0 ~9 0 0 *9 9 Timaru .. Miscellaneous— Airwork • • 1 1 0 1 5 Alloy Steel (N.Z.) 2 5 Amal. Batt. 1 12 0 Ampol 0 13 0 — Andersons. 1st pref. Andrews and Bea1 2 0 ven. pref. — Aulsebrooks, pref. . ——■ Aust. C.I., c.d. 2 2 3 Avon Meta* 0 9 Beatn and Co. — 2 14 Is paid 1 3 9 Apex Ice .. ■“» 2 5 Begg and Co. 2 15 0 Booth, Macdonald 0 4 7 British Tobacco .. — 1 10 Broken Hill Pty. 1 14 0 •— Burns, Philp, rts. 1 2 0 Clyde Engineering, pref. Colonial Sugar .. 34 *5 0 1 1 0 Consolidated Brick, x.d. ■ ♦ • • 0 12 6 Coulls, Somerville 1 16 0 Courtaulds 0 14 0 0 14 Dominion Rubber — 1 2 I Dom. Builders0 10 0 Dorn. Fertiliser .. 2 3 6

Dortaghy’s Rope .. 2 X 0 D.I.C 15 4 Pref. 13 0 Dunlop (N.Z.) Pref. 13 3 0 16 6 Electro. Zinc, ord. 1 14 6 1 18 6 1 16 6 Evans Atlas 0 17 1 0 18 0 Fletcher Holdings — 2 3 0 *'B” pref. 10 0 “C” pref. Frozen Products .. 110 0 7 6 115 0 8 9 G. J. Coles 0 14 3 Griffin and Sons .. —- 2 3 0 0 9 7 G. J. Coles, rts. .. 0 9 6 Hay’s, Ltd. Pref. 1 13 0 1 13 5 12 3 Henry Berry, pref. 110 Henry Jones Hume, (N.Z.). pref. 12 0 — Hugh J- Kearns, c.d. 1 1 '0 A.N.Z.. x.d. 1 15 6 J. Gadsden, pf. • • — 116 J. J. Niven 2 9 6 J. Wattle Canneries —— 1 17- 0 K.P. Drugs M.C.P. Mas.. Struthers, £1 7 6 0 7 7 0 0 5 11 paid 1 13 9 —— 14s paid 110 — 10s paid McCaskey. pref. .. 0 15 6 —— 0 18 0 McKenzies — 1 4.0 Milne and Choyce — 2 18 6 Midland Mot., pref. Milburn Lime M.K. Manufac. — 10 8 19 5 — 0 13 0 Morts Dock 0 16 0 7 8 0 N.Z. Forest Prods. 0 16 5 0 16 8 N.Z. Indust Gas. pref. 0 19 3 10 6 N.Z. Newspapers .. 1 15 3 —— Norvic Shoes ,. 0 14 0 Petrous Tile 116 Radio (1936) 0 19 0 Quill, Morris (1936) 17 0 Reid Rubber —• 17 8 Pref. Ross and Glendin110 — ing 1 16 6 i n 3 Cont. 17 0 Tasman, 15s pd. .. • — 13 9 Fully paid — 19 0 Weeks, pref. —— 12 3 Transport, Nelson 17 6 Whakatane, ord. .. — 15 0 12 6 New, ord. 14 9 Whit, and Tombs 1 13 6 Woolworths, ord. .. 0 15 6 0 15 10 (N.Z.), ord. 110 113 Anil Mining— Mount LyelF x Oil Search, rights 12 3 0 ~1 3 Mining— Grey River 0 3 9 Snowy River, c.d. 0 3 0 0 4 0 UNLISTED STOCKS Cyclone, 10s paid .. 0 14 3 —— Cyclone, 10s paid in Cyclone, pref., 10s Cyclone, pref. 10s paid in advance 110 — A. and T. Burt, pf. — 1 11 9 Colonial Motors .. Deaths (Is pd., 19s 1 17 0 — deposit) Buntings 2 3 0 18 6 2 7 0 Canty. Seed, rts. .. 0 10 6 — Carbonic Ice 3 10 Chch. Press Europa Oil (N.Z.), 13 0 0 1 16 0 pref. 'g i *’ 1 12 6 debs. 101 15 0 Kaiapoi 19 6 — Matea Forests 0 4 6 Mt. Cook Tours 0 9 6 — National Tobacco — 0 14 0 N.Z. Motor Bodies — 2 4 0 Tingey, R. and E. — 0 9 9 Reece Ltd., E., ord — 0 7 3 Regent Theatre 0 18 ? •— Scales Sth. Island G’tee. 0 12 9 — Corp., 5. p.c. pf. ** 10 0 Vibrapac —• 14 6;