COMMERCIAL

Press, Volume XCII, Issue 27795, 21 October 1955, Page 17

COMMERCIAL

STOCK EXCHANGES WOOLWORTHS LTD., EASIER j Shares of Woolworths, Ltd., dropped < L n *. fai rly large turnover on i !£. C prirtchurch Stock Exchange yester- j •Til x 1 t " e close sellers were quoting 15s with buyers down another 2d. Wool- < worths. N.Z., were steady in dealings at : “® s - «... McKenzies had a better sale at j 2is 8d (up 2d) and sellers were prepared to continue at that level. Buyers of G. J. 1 Coles continued to quote 14s, with selleij Id away. New Zealand Breweries rights had sales at 7s and 7s Id and there were further 7s Bt 7 * ld ’ With ,eUerB moving up to Bank of New South Wales carrying the 1 final of 9s were In business at New Zealand Refrigerating £1 paid advanced 9d to sell at 565. Closing buyers sss 6d. with sellers at 56s 3d. Feltex ex div. changed hands at 21s 8d and Lane, Walker Industries eased 6d to seU at 418 6d. Mate* Forests were again in the sales list at 5s and 4s 9d. Offers for Grey River advanced 6d to 4s and sellers moved to 5s 6d. A dividend of 4s 2d a share is recommended and shareholders are soon to consider proposals to wind up the company. DOMINION TRANSACTIONS

AUCKLAND Sales.—Late Wednesday: 20 N.Z. Breweries. 38s 6d; 150 South British Insurance, 588 6d; 100 Huddart Parker, 43s 3d; 100 Tasman Pulp, 25s 9d. Yesterday: £5OO 3 per cent., 15/2/55-58, £97 ss; £2830 3 per cent., 15/4/56-59, £95; £lOOO 3 per cent., IS/VS9-81. £l3 2s M; *5O? St per 15/5/62. *S7 IT. 6d; £2300 31 per cent, 15/2/65, *O6; 300 A. end N.Z. Bank. »• •J. —2-1 n.—t. Australia

9d: 100 Commercial Bank of Australia, 14s lOd; 29 N.Z. Breweries, rights, 7s 3d, and 150 at 7s 2d; 1436 AucklandGss, 8s lOd; 100 N.Z. Insurance, 77s 6d; 300 South British Insurance, 88s 6d; 50 Wright, Stephenson. 41. Od; SOO Northern Steam. 12. Sd; 200 Korma. pre!., 16s 6d; 100 Lane. Walker, 41»; 400 Alex. Harvey. 31. 3d; 300 Ampol Petrol. 15s 3d, and 400 at 15s 6d; 50 X.C.1., 425; 100 Broken Hill Proprietary, ex div., 32s 4|d; 400 Farmers’ Trading, 36s 6d; 750 Coles, 14s; 100 Forest Products. 16s; S2S Reid Rubber, pref.. 10s 3d: TOO Tasman Pulp. 25s 0d; 300 Toppa, 5s 3d; 100 William Cable. 2» 6d; TOO Wilson’s Cement 14a 7d. and 400 at 14a sd. Unlisted: 500 V/in,tones, 395. WELLINGTON Sale..—Late Wednesday: *l3OO 3 par cent., 1961-63 (2 sales), *9110.; 50 National Mortgage ”B.” 60s 6d: 400 Newton King, Ltd., 15s; 10 Colonial Sugar. *33; 100 Cory-Wright and Salmon. 26s 3d: 200 Woolworth. NJZ., 20s. Yesterday: £2200 3 per cent., 1955-53 (2 sales), £97 ss. £303 3 per cent, 1960-63, £9O 15s; £5OO 3 per cent, 1960-62. £9l 15s; £7OO 3 per cent.. 1961-64, £9O 15s; £l3OO 31 per cent. 1962, (2 sales). £97 15s; 24 N.Z. Breweries, rights. 7. Id; 131 N.Z. Breweries, rights. (4 sales), 7s; 43 Canterbury Frozen Meat, rights. 80s; 100 Christchurch Gas. 20s 9d; 103 N.Z. Insurance, 77s 6d; 50 A.C.1., ex rights. 425; 16 A.C.1., rights. 17s; 8 Colonial Sugar. £33; 510 G. J. Coles (3 sales), 14s; 3JO J. Gadsden (2 sales), 30s 6d; 100 Hudddart Parker, pref., 18s; 100 McKenzies, 2ls 8d; 300 William Cable, "C” pref. (2 sales), 21s; 500 Woolworths, Ltd., 15s Id, and 200 at 15s. Unofficial: 300 Black and White Cabs, Ils 3d. Sales Reported.—£lsoo 32 per cent., 1965, £95; 400 Dunlop, N.Z., 235; 100 South British Insurance. 68s 6d. DUNEDIN Sales on ’Change.—l6 N.Z. Breweries, rights, 7s; 150 South British Insurance, 68s 6d. Sales Reported.—£sCO N.Z. Govt., 3 per cent., 15/4/60-62, £9O 15s; £304 N.Z. Govt., 3 per cent., 15/7/61-63, £9l 7s 6d; £lOOO N.Z. Govt., 3 per cent.. 15/7/61-63, £9l 7s 6d; £7OO N.Z. Govt., 3 per cent., 15/6/61-84, £9O 15s; £lO.OOO N.Z. Govt., 3 ner cent., 15/7/62-64, £9O 7s 6d; 300 N.Z. Breweries, 39s 6d; 295 N.Z. Breweries, rights, 7s Id: 50 National Mortgage "B,” 60s 6d; 100 Ampol Petrol. 15s Id: 300 Wilson's N.Z. Cement, 14s 6d; 100 Mount Lyell, 235; 200 N.Z. Breweries. 38s 6d; 50 South British Insurance, 60s 6d; 126 Wellington Woollen, £lO 15s; 300 Ross and Glendlnign. contYib.. 23s 6d; 100 Wool worths. N.Z., 20s; 200 Korma Textiles, pref.. 16s 6d. OVERSEAS EXCHANGES SYDNEY Business expanded on the Sydney Stock Exchange yesterday as more buyers entered the market. Turnovers in investments increased, but an uneven trend developed. Sales.—A.N.Z. Bank, 36s 6d; Commeicial Bank of Sydney, £2O 13s; Tooheys, 31a; Tooths. 555; Amalgamated Wireless, 19s 9d: A. Hordern, 37s 3d; Australasian Pulp, 30s 3d; A.C.1., rts,, 22s 7|id; Australasian Paper, ex div., 22s Iftd; Berlei, 465; British Tobacco. 33s 9d; 8.H.P., ex div., 41s: Colonial Sugar, £4O 17s 6d: Courtaulds, 19s; David Jones, 53s 6d: Drug Houses. 34s 9d; Dunlop, 31s; Felt and Tex-* tiles, 26s 10’/ a d; General Industries. 34s 6d; Coles. 17s 6d; New Zealand Forest, 19s 6d; Taubmans, ex rts.. 14s 6d; and rts., 7s sd; Woolworths, ex div„ 18s 7»,4d; Mount Morgan, 27s 10jd; Peko, 7s 8d; New Broken Hill. 51s 6d; Associated Freney 3s 6d; Australasian Oil Exploration, 4s 3V a d Oil Search, 8s; N.A.U.C., 6s sd. MELBOURNE The investment market held at steady to firm rates in Melbourne yesterday. Trading was widely spread, but turnovers were mostly small. Gold was active at steady prices, but other mining was quiet with prices moving variably. Sales^—N.A.U.C., 6s 3d; Uranium Mines, 6a 3d; Emperor, 13S 3d; Mount Morgan. 28a, and pref., 14s 4d; Ampol Exploration, 18s 3d; Oil Search, 8a: Carlton Brewery, new, 19s 6d; G. J, Coles, new, 17s dd; A.N.Z. Bank, 36s 9d: Commercial, new, 17s lOd; Goldsbrough. 32s 9d; Carlton Brewery, 20s Id; A.W.A., 20s; Ampol. 18s 6d, and options, 2s 6d; Associated Puip, 30s 3d; A.C.1., 52s 3d, and rts., 235; A.P.M., 225, and pref., 19s 4d; 8.H.P., 40s 6d, and 6s 8d cap. paid. 19s 2d; Courtaulds. 19s Id; Drug Houses, 34s 3d; Dunlop, 30s lid, and pref., 34s 3d; Electro. Zinc, 46s 3d. and pref., 445; G. J. Coles. 17s 6d: Gordon and Gotch, 18s 9d; Herald, 20s 2d; 1.C.1., A. and N.Z., 43s 3d, and pref., 19s 9d: Kauri Timber, 37s lid; Myer. 14s 3u; N.Z. Forest, 19s 6d; Olympic, 8s 10 d; Patons and Baldwins, 225.

CHRISTCHURCH Sales on 'Change, Listed £ b. d. Var’n. 700 Comm. Bank of Aust., new (3 sales) 0 14 a N.C. IS N.Z. Breweries. rights ..0 7 i +ld 1000 Woolworths. Ltd. (3 sales) .. O 15 i -Id 300 Woolworths, Ltd. .. 0 15 0 -2d 200 Woolworths. N.Z., ord. 10 0 N.C. Sales on 'Change. Unlisted 100 Matea Forests 0 4 9 -3d 400 Matea Forests .. 0 5 0 N.C. _ Salos Reported* Listed >0 Bank New South Wales, cxl. .. 33 10 0 +»/• 113 N.Z. Breweries, rights (late sale Wednesday) 0 7 136N.Z. Refrigerating, 0 N.C. £1 paid .. 1 U 10O Huddart Parker, pf. 0 18 0 •MM 0 200 Feltex, x.d. 11 0 SOO Kerma Textile., pt. 0 10 0 200 Lane, Walxer Ind., 2 1 —ad 200 Teaman, £1 paid (late aale Wedneaday) .. IS u N.C. —2d 200 Woolwortha. Ltd. .. 0 15 0 108 Woolwortha, N.Z., ord. .. ■■ 1 0 0 N.C. 100 McKenzies .. 11 8 +2d Bales Reported, Unlisted 50 Christchurch Press 13 15 0 -9/6

CHRISTCHURCH QUOTATIONS N.Z, Government— Buyers. £ s. d. Sellers. £ s. d. 3 p.c., 15/5/53-56 100 10 0 3 p.c., 13/2/55-58 97 2 6 __ 3 p.c., 15/11/57-60 94 12 6 94 17 6 3 p.C.. 15/8/59-61 — 93 7 6 3 P.C., 15/4/60-63 91 2 6 3 p.c., 15/7/62 64 90 0 0 3 P.C., 15/5/64-66 — 90 ~5 0 31 p.c., 15/1/56-59 96 15 0 MM 31 p.c., 15/9/59 97 15 0 MM 31 p.c., 15/5/62 98 0 0 31 p.C., 15/9/69 94_ 5 0 MM 4 p.c., 31/5/54-58 100 10 0 — Banks— Aust, and N.Z. 19 0 1 10 0 “B” 1 11 9 MM Comm, of Aust. 0 14 8 0 15 0 New 0 14 8 MM Natl, of A’asia., £ c.d. 16 0 — National of N.Z. 19 7 — N.S.W., c.d. mm 32 10 0 Breweries — Ballins. ord. MM 17 3 Pref. — 10 7 New Zealand 1 13 0 1 18 6 Rights .. 0 7 1 0 7 3 Westland, c d. 2 16 ■M Frozen MeatCanty., rights — •s.4 0 0 Pref. 7 0 0 —• N.Z. Refrig., 20s 2 15 6 2 16 3 10s 18 3 1 9 0 Nth Cantby., pre 13 6 M. Southland — 3 2 0 Waitaki .. 12 5 0 — Gas* Auckland MM 0 9 3 Christchurch 10 9 110 Insurance— FA.M.E. . - 1 12 6 —M National — 16 6 New Zealand — 3 18 0 South British, c. — 3 18 0 Standard .. 5 2 6 Loan and Agency— C.F.C.A., ord. — 1 11 0 Pref. — 3 0 0 Chch. Building, c — 17 0 0 Credit and Fin. 14 0 Dalgety, “A 0 9 4 0 9 6 Mutual Benefit -M— 1 10 6 Nat. Mort. “A" 0 11 0 0 12 0 N.Z.F. Co-op. * — 0 15 9 First pref. . — 0 16 6 "A” pref. • * 0 13 6

"B” pref. 44 p.c. Stock, '60 Buyers. £ s. d. 95 15 0 Seilers. £ s 0 15 a. 6 N.Z. Guar. Corpn. 0 2 1 V— Perm. Invest. 11 15 0 wv United Building .. 0 19 6 WV Wright, Stephenson 2 16 VW Pref. 10 0 1 1 5 Shipping— Hud dart Parker 2 4 0 Pref 0 18 0 Union, pref. — 1 4 6 Timber— Kauri 1 11 0 — Parker Lamb 0 5 6 — Woollens— Bonds w— 3 10 6 Bruce — 2 9 0 Pref. 1 4 0 Feltex, x.d. 1 1 6 N.Z. 19 9 —v Korma Text., pref. — 0 16 3 Lane, Walker Ind. 2 1 6 2 2 0 Tekau — 1 5 0 Pref — 1 1 (1 Timaru —— 1 12 9 Wellington 10 12 6 Miscellaneous— Alloy Stc .1, N.Z. .. 1 19 3 WV Amal. Batt. 1 12 0 V. Ampol 0 15 0 — Andrews & Beaven, pref. — 1 0 6 Aulsebrooks, pref. — 1 0 9 A.C.I. 2 19 — Aust. C.I.. rts. 0 17 1 VW Aust. Found. Invst. — 0 5 2 Bcath and Co. 2 9 0 2 10 9 Begg and Co. 2 5 0 vw Booth, Macdonald — 0 4 9 Brit. Tobacco, pf. — 0 18 9 Broken Hill Pty., x.d. 1 12 0 — Canty. Roller Flour 0 16 0 MV Cory-Wright -w1 8 6 Claude Neon. N.Z. 2 7 0 MV Colonial Sugar 33 0 0 33 5 0 Consolid. Brick 0 10 9 VW Cyclone Fence, 15s paid 0 19 3 1 0 0 Dom. Builders 0 10 0 0 11 0 Dom. Rubber 0 19 6 WWW Donaghy’s Rope, c.d —— 2 2 9 Electro. Zinc, ord. 1 17 6 Evans Atlas 0 18 J Farmers’ Trading, “C,” pref. , wv 1 0 6 Fletcher Holdings, “C” pref. — 1 0 5 G. J. Coles 0 14 0 0 14 1 Guthrie. Bowron, pref. mv 1 2 j Hay’s. Ltd. 13 3 1 3 8 Pref. 1 0 0 1 2 0 Humes (N.Z.), pf. 10 6 — K.P. Drugs 6 12 6 7 0 0 M.C.P. 0 5 3 0 5 8 Maling, pref. 1 0 6 McKenzies 1 1 7 1 1 8 Midland Mot., pref. 1 0 6 Milburn Lime 1 5 6 — M.K, Manufrs. — 0 12 3 Morris Hedstrom .. 2 7 0 — N.Z.F. Fertiliser .. •W— 2 3 6 N.Z. Forest Prod. 0 15 10 0 16 0 N Z. Indust. Gas. nref — 1 0 3 N.Z Newspapers .. 1 12 0 — N.Z. Paper Mills .. 17 9 1 8 9 Norvic Shoes 0 15 0 vw Reid Rubber 15 0 VW Ross and Glendln. — 1 13 0 12 0 0 Silknit 0 13 0 0 14 0 Skellerup, pref. .. M— 1 0 y Speedway Products, pref. V— 0 Tasman. £1 nd, .. 1 5 9 1 6 0 Transport (Nelson) —— 1 10 0 Whit, and Tombs 1 12 6 1 14 0 Wm Cable Hldgs. 19 9 V**C” pref. 10 3 1 1 0 W’worths. ord. 0 14 10 0 15 0 (N.Z.), o’-d. 1 0 0 wv (N.Z.) Pp.. pref. W. R. Cooke and — 1 1 0 Son 0 14 0 w Aust. Mining— Mount Lyell —— 1 3 0 Mining— Grey River 0 4 0 0 5 6 Snowy River — 0 3 9 UNLISTED STOCKS Buntings wv 2 2 3 Carbonic Ice 3 2 9 WWW Cantv. Seed — 1 11 6 Ch.Ch. Press V— 13 17 6 Guthrie, Bowron .. —V 1 4 0 Kaiapoi Woollens 16 6 — Matea Forests 0 4 9 0 5 0 National Tobacco w 0 14 0 N.Z. Motor Bodies WV 2 2 6 Reece, E., Ltd., ord. 0 6 0 —— Rink Invests. 1 10 0 —— Restar 0 18 0 Scales 0 13 4 — St. Elmo Courts . . 0 18 3 Vw Vibrapac Blocks . 0 19 10 V— Vig. Fire Alarma MV 0 10 « Weeks (Wanganui), pref. — 1 1 0