COMMERCIAL

Press, Volume XCII, Issue 27794, 20 October 1955, Page 17

COMMERCIAL

STOCK EXCHANGES SHARP RISK IN MATEA FORESTS Sales of Matea Forests were effected at considerably enhanced rates on the Christchurch Stock Exchange yesterday. Markets generally, however, exhibited a weakening tendency. DOMINION TRANSACTIONS CHRISTCHURCH

AUCKLAND Sales.—Late Tuesday: 400 National Insurance, 265; 50 Milne and Choyce, sas; 100 Northern Roller. 445; 200 Ross and Glendining, contrb., 23s 9d; 200 Tip Top, ISs 9d. Yesterday: £5565 3 per cent., 15/11/57-60, £94 12s 6d; £9OO 3 per cent., 15/8/59-61, £93 2s 6d; £565 3 per cent., 15/4/60-63, £9O 17s 6d; £2OO 3 per cent., 15/6/61-64, £9O ss; £2BOO 3 per cent., 15/7/62-64, £9O 10s; £lOOO 3J per cent., 15/9/65, £95; 600 A. and N.Z., Bank, 30s; 25 Bank of New South Wales, £32 10s; 200 Ballins Brewery, 275; 185 Dominion Breweries, 70s; 265 N.Z. Breweries, 38s 6d. and 200 rights, 7s 2d; 2433 Auckland Gas, 8s 10d; 100 National Insurance, 265; 1250 South British Insurance. 68s 6d; 500 F.A.C. ■’B” pref., 21s; 1400 Newton King, 15s; 100 North Auckland Farmers, 255; 150 Huddart Parker, 435; 50 Taupo Totara, rights, 16s; 400 Korma, 15s; 100 Ampol Petroleum, 15s; 150 A.C.1., ord., 425, and 83 rights, 16s 9d; 6 Colonial Sugar, £33; 100 Farmers “C” pref., 20s 4d; 100 J. Gadsden, 30s; 50 Milne and Choyce, 555; 500 M.K. Manufacturers, 12s; 300 Motor Traders, 60s; 500 Forest Products, 15s lid; 200 N.Z. Paper Mills, 28s; 100 Reid Rubber, 25s 6d, and 600 pref., 20s 3d; 500 Tasman, 25s 9d; 100 Wisemans, ord., 245. Unlisted: 220 Matea Forests, 3s 9d, and 320 at 4s. . WELLINGTON Sales.—Late Tuesday: £5OO 3J per cent., 1965, £95; 200 Commercial Bank of Australia, new, 14s 8d; 200 N.Z. Brewery, rights, 7s; 700 G. J. Coles (2 sales), 14s Id; 150 Hay’s, Ltd., 23s 9d. Unofficial: 30 Metropolitan Building, £l2 10s. Sales Reported.—£l9oo 3 per cent., 1959-61 (3 sales), £93 2s 6d; £940 3 per cent., 1963-65 (3 sales), £9O; £lOOO 3 per cent., 1960-62, £9l 17s 6d; £lB7O 3 per cent., 1960-63 ( 2 sales), £9O 17s 6d; £985 3 per cent., 1961-63 (2 sales), £9l 7s 6d; £3OO 3 per cent., 1962-64, £9 10s; £2OOO 3? per cent., 1962, £97 15s; £9OO 32 per cent., 1965 ( 3 sales), £95; 75 Commercial Bank of Australia, pref., £6 3s 6d. and 268 ordinary, 14s 10d; 500 Ballins Brewery, pref., 20s 6d; 430 N.Z. Breweries, rights(s sales), 7s Id, and 468 at 7s 2d; 1130 Wellington Gas (6 sales), 275; 100 South British Insurance (2 sales), 68s 6d; 100 North Auckland Farmers, 255; 50 Australian Consolidated Industries, 425; 100 DJ.C., 24s 6d; 500 G. J. Coles, 14s Id; 100 F J. Wattle Canneries, 29s 6d; 75 National Electric, £7; 600 Reid Rubber, pref., 20s 3d; 400 Wilson’s Cement; cum (2 sales), 14s 6d; 500 Woolworths, Ltd., 15s Id. Unofficial: 100 Matea Forests, 4s.

Sales Reported.—7oo G. J. Coles, 14s; 200 Ampol Petroleum, 15s Id. OVERSEAS EXCHANGES SYDNEY Leading industrial stocks remained steady on the Sydney Stock Exchange yesterday... /- Sales.— Commercial Bank of Sydney, £2O 13s; Bank of New South Wales, £37 ss; Tooheys, 31s 3d; Tooths. 555; Colonial Sugar, £4l 2s 6d; David Jones, ex div., 55s 6d: Dunlop Rubber, 31s 6d; Felt and Textiles. 26s 10%d; G. J. Coles, 17s 7Jd; New Zealand Forest, 19s 4*,id; Woolworths, ex div., 18s 6d; Peko, 7s 9d; Placer, £l6; South Broken Hill, 755; Ampol Petroleum, 19s 6d; Ampol Exploration, 17s 9d; Associated Freney, 2s 9d; Australasian Oil Exploration, paid, 4s sd; Freney, Is; Longreach, 5s Oy 2 d; Oil Search, 8s 2d; N.A.U.C.. paid, 6s 6d; Northern Uranium Development, 6s 2d; Uranium Mines, ds 4d; Amalgamated Wireless, 20s; Associated Pulp, ex div., 30s 4Jd; A.C.1., 52s 3d ana rights, 21s 6d; British Tobacco, 33s 3a; Broken Hill Proprietary, 41s 6d; Burns Philp, 48s 6d; Drug Houses, 34s 9d; Email, ex div., 13s; Goldsbrough. 33s 3d; Gordon and Gotch. 19s; Taubmans, 14s 3d, and rights, 7s 3d; Yarra Falls, 32s 6d. MELBOURNE A steady tone was recorded in the investment section of the Melbourne Stock Exchange yesterday. Trading was widely spread, but the turnover was not heavy. Mining stocks moved within narrow limits and trading volume was average. Sales.—New Broken Hill, 51s 9d; North Broken Hill, £5; Uranium Development, Is lid; Uranium Mines, 6s 6d; Emperor, 13s Id; Mount Morgan, pref., 14s 4d; Ampol Exploration. 18s 3d; Oil Search, 8s 3d; Carlton Brewery, new, 19s 3d; Commercial Bank, 18s. and new, 17s lOd; Goldsbrough, 335; Carlton Brewery, 20s Id; Ampol, 19s 2d, and options, 2s 7d; A.C.1., 52s 6d, and rts., 225; A.P.M., 225, and pref., 19s 3d; British Tobacco, 33s 9d; 8.H.P., 41s, and 6s 8d cap. pd., 19s 6d; Courtaulds, 18s 6d; Dunlop. 31s 3d, and pref., 34s Id; Electro. Zinc, pref., 44s 3d; Felt and Textile, 275; G. J. Coles, 17s 7d; Gordon and Gotch, 19s; 1.C.1., A. and N.Z., 43s 9d; Kauri Timber, 38s 6d; Myer, 14s 6d. and pref.. 28s 6d; N.Z. Forest, 19s 6d; Olympic, 8s 9d.

SLUICING COMPANY TO CLOSE LACK OF LABOUR MAIN REASON fNew Zealand Press Association) AUCKLAND, October 19. Believed to be the last sluicing claims in New Zealand, the Round Hill Gold Mining Company, Ltd., Riverton, is to be closed down. Since the company began operations in 1932, it has won 23,600 ounces of gold, and has paid out £61,000 in dividends. The main reason for closing down is that there has been insufficient labour to work the guns for three shifts a day, which is essential for successful mining. Large areas of the claim are still unworked, but the lack of labour, high costs, and low gold prices prevent further operations. Gold won has been 97.5 per cent, pure, but extremely fine. To operate its guns the company maintained four miles of water-races. Pipe lines are now being lifted.

Sales on ’Change, Listed £ s. d. Var’n £200 N.Z. Govt. 3 p.c. Stock, 1959-61 93 2 6 — £1200 N.Z. Govt. 3 p.c. Stock, 1961-63 (2 sales) 91 10 0 — 180 Tekau Knitwear, ord. 1 4 0 -1/100 Hay’s, Ltd. 1 3 6 —3d 100 Tasman, £1 paid 1 5 9 — 1000 Wool worths, Ltd. (4 sales) .. 0 15 2 -2d 100 N.Z. Breweries, rights 0 7 0 N.C. Sales on ’Change, Unlisted 100 Matea Forests 0 4 3 +6d 100 Matea Forests 0 4 9 4-1/-Sales Reported, Listed £1110 N.Z. Govt. 3 p.c. Stock, 1960-63 91 0 0 — 100 Ballins Breweries, ord. .. ... 1 7 0 N.C. 500 Ballins Breweries, pref. 1 0 6 — 200 N Z. Refrig., £1 paid '2 15 3 —3d 200 Christchurch Gas, ord. .. 1 0 9 —3d 300 Wellington Gas (2 sales) 1 7 0 N.C. 300 M.C.P. 0 5 6 —3d 500 M.K. Manufactrs. 0 12 0 N.C. 500 N.Z. Forest Prods. 0 15 11 4-3d 400 Tasman, £1 paid (2 sales) .. 1 5 9 — 95 Canty. Frozen Meat, rights 4 0 0 N.C. Sales Reported, Unlisted 300 Matea Forests 0 4 9 4-1/-500 Matea Forests 0 5 0 4-1/2

CHRISTCHURCH N.Z. Government— QUOTATIONS Buyers. £ s. d. Sellers. £ s. d. 3 p.c., 15/5/53-56 .. 100 10 0 3 p.c., 15/11/57-60 .. 94 15 0 95 0 0 3 p.C., 15/8/59-61 .. 93 2 6 3 p.c., 15/4/60-62 .. 92 0 0 3 p.c., 15/4/60-63 .. 90 17 6 91 2 6 3 p.c., 15/7/61-63 .. 91 10 0 — 3 p.c., 15/6/61-64 .. 90 15 0 3 p.C., 15/7/62-64 .. 90 10 0 — 3 p.c., 15/5/64-66 .. — 90 7 6 31 p.C., 15/1/56-59 .. 96 17 6 3i p.c., 15/1/53-57 .. —_ 99 15 0 3? p.c., 15/9/59 97 15 0 — 32 p.c., 15/5/62 — 98 0 0 32 p-C., 15/9/69 94 5 0 32 p.c., 15/6/65-66 .. 97 0 0 32 p.C., 15/9/74 93 0 0 — 4 p.c., 31/5/54-58 .. 100 10 0 Banks— Aust, and N.Z. 19 9 1 10 6 “B" 1 11 9 Comm, of Aust. .. 0 14 8 0 15 0 Pref. — 6 5 0 New 0 14 8 —. Natl, of A’asia., £1, c.d. 16 0 National of N.Z. .. 19 9 ——- N.S.W., c.d. 32 10 0 Breweries— Ballins, ord. 17 0 17 3 Pref. 10 9 New Zealand 1 18 9 Rights .. 0 6 10 —— Westland, c.d. 2 16 Frozen Meat— Canty., rights 3 19 6 Pref. 7 2 6 7 10 0 Gear — 17 0 N.Z. Refrig., 20s .. 2 15 3 •— 10s 18 0 — Nth. Cantby., pref. 13 6 •— Waitaki .. 12 10 0 — GasAuckland —■ 0 9 3 Christchurch 10 6 1 0 11 Contr. 0 15 9 0 16 3 Wellington 17 0 —— Insurance— F.A.M.E. .. 1 12 6 — National —w. 16 6 New Zealand —— 3 18 0 Standard 5 2 6 —— Loan and Agency— C.F.C.A., ord. — 1 12 6 Pref. «— 3 2 0 Chch. Building, c.d. — 17 0 0 Dalgety, "A” 0 9 3 0 9 9 “B” 0 9 3 ■- Goldsbrough, Mort 16 6 17 6 Mutual Benefit —- 1 10 5 Nat. Mort. "A” .. 0 11 0 0 12 0 •*B” 2 19 6 — N.Z.F. Co-op. 0 15 3 0 15 9 First pref. "A” pref. __ 0 16 6 0 15 6 "B” pref. — 0 15 6 p.c. Stock, ’60 95 15 0 T— 41 p.c. Stock. ’65 96 0 0 N.Z. Guar. Gorpn 0 2 2 0 2 4 Perm. Invest. 11 15 0 United Building . —• i o : Wright, Stephenson 2 16 2 2 3 Pref. XVI Shipping— N.Z., pref. 10 0 0 — Huddart Parker . 2 3 3 Northern . • 0 12 6 Union, pref. — TimberKauri .. ; • 1 11 6 - Parker Lamb * . 0 5 6 — Woollens — Bonds .. • —• Bruce •• • —

Buyers. Sellers. Feltex, x.d. 119* —— N.Z. 19 6 — Korma Text., pref 0 15 9 0 16 3 Manawatu 4 8 0 Tekau .. — 14 9 Pref. 110 Timaru __ 1 12 10 Wellington 10 12 6 . „ Miscellaneous— Airwork .. . 13 0 Alloy Steel. N.Z. . 1 19 0 — Amal. Batt. 1 12 0 — Ampol Andersons, 1st pf 0 14 9 110 1 ~1 6 Andrews & Beaven pref. 10 6 Aulsebrooks, pref 10 9 A.C.I. 2 19 —— Aust. C.I., its. 0 17 0 __ Aust. Found. Invs 0 4 9 —- Avon Metal 0 9 8 Beath and Co. — 2 10 6 Begg and Co. 2 15 0 — Booth, Macdonal — 0 4 9 Brit. Tobacco, pf x.d. —. 0 18 9 Broken Hill Pty c.d. 1 13 0 1 13 4 Canty. Roller Flou 0 16 0 — Cory-Wright — 18 6 Claude Neon, N.Z .270

Clyde Engineering — 110 Colonial Sugar .. 33 0 0 Consolid. Brick .. 0 10 9 mm Coulls, Somerville 1 12 0 Cyclone Fence. 15s paid .. ■ .. 0 19 3 10 0 Dom. Builders .. 0 10 0 0 11 0 Dom. Rubber .. 10 0 Donaghy’s Rope. c.d. .. .. — 2 2 9 D.I.C., pref. .. 12 0 •— Dunlop, N.Z. .. • — 14 0 Pref. 0 16 6 0 17 0 Electro. Zinc, ord. 1 17 3 — Pref. .. .. 1 16 0 Evans Atlas .. — 0 18 0 Farrier - Waimak., 10s paid .. — 0 10 6 Farmers’ Trading — 1 19 0 Fletcher Holdings, “B” pref. .. — 10 6 G. J. Coles 0 14 0 0 14 1 Guthrie, Bowron, pref. .. .. — 1 2 U Hay’s, Ltd. .. 13 3 13 9 Pref. .. .. 10 0 12 0 Humes .. .. — 2 8 6 Humes (N.Z.), pf. 10 6 mm J. Gadsden, c.d. .. 19 0 — J. Wattle Canneries — 1 11 0 K.P. Drugs .. 6 14 0 7 0 0 M.C.P. .. .. t0 5 6 Maling, pref. .. — 10 6 McCaskey, pref. .. — 0 17 6 McKenzies .. 116 117 Midland Mot., pref. — 10 6 Milburn Lime .. 15 6 16 6 M.K. Manufrs. .. — 0 12 6 Morris Hedstrom .. 2 7 0 mm National Elec. .. 6 15 0 __ N.Z. Forest Prod. 0 15 10 0 16 0 N.Z. Indust. Gas, pref. , .. — 10 3 N.Z. Newspapers .. 1 12 0 — N.Z. Paper Mills .. — 19 0 Norvic Shoes .. — 0 15 6 Quill Morris, 1936 1 5 0 — Ross and Glendin. 1 11 3 1 13 0 Contr. .. .. 12 9 mm Silknit .. .. — 0 14 0 Simpson and Williams .. .. — 3 0 0 Skellerup, pref. .. — 10 9 Speedway Products, pref. .. — 110 Tasman, £1 pd. .. 15 9 Transport (Nelson) — 16 0 1 10 0 Whakatane, pref., x.d. ... .. — 113 Tip Top .. 0 19 6 — Whit, and Tombs 1 13 0 1 14 0 Wm. Cable Hldgs. 19 9 mm Wm. Cable, “B” .. 10 0 "C” .. .. 10 0 1 1 3 Wilson’s Cement .. 0 14 5 0 14 10 W’worths, ord. .. 0 15 0 0 15 2 (N.Z.), ord. .. 10 0 — (N.Z.) Pp., pref. 10 9 110 Ultimate-Ekco .. 0 19 10 — Overseas Listings— Woolworths (S. Africa) ... — 0 11 6 “A” .. 0 10 9 MM Aust. Mining— Mount Lyell .. 1 2 11 13 3 MiningGrey River .. 0 3 6 0 4 6 Snowy River .. — 0 3 9 UNLISTED STOCKS Beaths (Is pd., 19s on deposit) .. — 2 2 6 Buntings .. 19 0 —> Carbonic Ice .. 3 2 6 MM Canty. Seed .. — 1 11 6 Guthrie, Bowron .. — 14 0 Finance and Discount, pref. .. — 1 1 0 John Bulleid .. — 0 13 6 Kaiapoi Woollens — 16 0 Pref. .. .. — 12 6 Matea Forests .. 0 4 0 0 5 0 National Tobacco — 0 13 0 N.Z. Motor Bodies — 2 2 5 Reece, E., Ltd., otd. 0 6 0 MM Regent Theatre .. 0 18 3 — Restar .. .. — 0 18 0 Scales .. .. 0 13 6 MM St. Elmo Courts .. 0 18 0 MM Vibrapac Blocks .. 0 19 10 MM Vig. Fire Alarms — 0 10 6 Weeks (Wanganui), pref. .. .. — 110