COMMERCIAL

Press, Volume XCII, Issue 27796, 22 October 1955, Page 13

COMMERCIAL

STOCK EXCHANGES

SOME SUBSTANTIAL RISES

Some worthwhile price rises were re. corded in business on the Christchurch Stocx Exchange yesterday “‘uiurcn sen fr m h « s^d Phe At S °? h . pic . ked up ls 9d “> sen ai «s 9d. At the close sellers were prepared to continue at that level but no buyers were offering DUI •aSTS” rdln ; r> ' Bained ta two taies at 3d, and New Zealand vta frigerating les paid in a late sale from Thursday were up 9d at 28s 6d Bd T ?t' 1 2? s P and ?? ld Were U P 2d “<1 at Zas lid and 235, and Forest Products improved Id at 16s. declines in sales were South!<>nd Frozen Meat back 6d at 61 <s and Booth, Macdonald less 3d at 4s 6d Zealand Breweries rights were ld - and Canterbury Ftozejj Meat rights were unchanged at 80s. DOMINION TRANSACTIONS CHRISTCHURCH Sales n ’Change, Listed

rm^J a !, eS 5 e J® r,ed ' Unlisted 116 Christchurch Press .. 13 15 0 N.C. c , AUCKLAND , 5 /?'S'^> La i. < ‘„’ rhur ~ day £a °o 3 per cent. 60 -® 2 - £9l 13s 6d; 100 Commercial Bank of Australia, 14s lOd; 400 Wright, Stephenson,«. 3d; 400 Reid Rubber, pref 20s 3d. Yesterday: £5OO 3 per cent 15/5/53-56, £lOO 12s 6d; £5500 3 per cent ’ ss: 1° Bank of New South 100 BaUins Brewery, 27s . , . Breweries, rights, 7s; 1792 8S SPh 180 NZ - Insurance. T7 S . 400 Eane. Walker, 41s: 500 Ampol Petroleum las; 100 Broken HUI ProprieS?’ % 156 DLInIo P- Aust.. 24s fld.and TOO pref 27s 2d; 121 N.Z. Forest Products, J®?;, 15 ?_ at ISs 1<» N.Z. Paper Mills, 28s; 400 Reid Rubber. 25s 6d; 200 S’® 5 Glendining. 32s 3d. and 200 at 325; 600 Tasman Pulp, 25s 9d; 200 Ulti-mate-Ekco, 20s; 100 William Cable "C” pret 21s; 487 Woolworths, N.Z.. 20s. Unlisted: 100 Mamaku Forests, 7s 6d- 100 Ma tea Forests, 4s 9d. WELLINGTON To?^ 1 -a‘ - ?^ te - Thursday: £B5O 3 P« r cent., £SS os: £Bo ° 3 per cent., 1960-62, £9l 12s 6d; 100 Commercial Bank of Ausia - l4s 8d « 59 Wellington Wool, £lO 15s; 200 Wilson Cement, 14s Bd. Yesterday: £IGOO 3 per cent., 1953-56, £lOO 2 ™ 6 -’ £Bs ° 3 per cent., 1955-58 (2 sales). £97 os; £lOOO 34 per cent., 1957-60, £94 17s 6d; £2OO 3J per cent., 1959, £97 15s, and £4CO at £97 17s 6d; 21 N.Z Breweries rights, 7s Id; 200 Wellington Gas sales), 275; 50 N.Z. Insurance, 77s 6d' s®. Clyde Engineering. 23s 6d; 300 Broken Hill Proprietary, ex div. (3 sales), 32s 6d 100 Fletcher “B” pref., 20s 4d; 150 Henry Berry, 2Cs; 100 N.Z. Forest Products, 16s; 4CO Reid Rubber, 25s 6d; 100 Ross and Giendining, 32s 6d; EOO Woolworths, Ltd. (3 sales), 15s; 637 Woolworths, N.Z., 20s; 109 Whakatane Board, 21s. DUNEDIN Sales.—Late Thursday: 172 N.Z. Refrigeration, cont.. 25s 6d. Yesterday: 1000 M. -os 6d; 100 N.Z. Forest Products, ord., 16s. and 11C0 (2 sales), 16s Id; 31 N. Breweries, rights (3 sales), 7s. talcs Reported.—23o N.Z. Breweries, 32s 6s 150 N.Z. Breweries, rights, 7s 2d; 136 xn.Z. Refrigerating, paid. 535; ICO South British Insurance, 63s 6d; 25 Standard Insurance, £5 Pr 100 Wrigt, Stephenson, ord., 41s 2d; 200 Lane, Walker. Rudkin In 7 austr'es,‘’ls Cd; ICO Fletcher Holdings, ord., 4 s Cd; 356 M.C.P., 5s 6d; 100 Southland Frozen Meat, 61s; 100 Lane, Walker, Rudkin Industries, 41s 3d; 500 Arthur Ellis, pref.. 21s Cd 150 Henry Berry, ord., 235; 200 J. Gadsden and Son. ord., 30s 6d; 200 Ross and Giendining, 325. OVERSEAS EXCHANGES SYDNEY Investments were quiet and steady on the Sydney Stock Exchange yesterdav. Leading industrials were generally steady. Sales.—Commercial Bank . of Sydney, £2O 13s;- Tooheys, 31s; Tooths, 54s 9d; Associated News. 24s 9d; A.C.1., 52s 6d. and rights 22s 6d; Australasian Paper, 22s Ud; Bradford, 39s 3d; Broken Hill Pty., 33s 9d; Burns Philp. 49s 9d; Courtaulds, 19s Sd; D. Jones, 55s 6d; Davis Gelatine, 295; Dunlop. 31s IJd; Felt and Textiles, 27s 3d; General Industries, 34s 6d; H. Jones, 52s 9d; Morris Hedstrom, 60s; New Zealand Forest, 19s 9d; Taubmans, ex rights, 14s 6d, and rights 7s 4d; Waltons, 16s lOJd; Woolworths. 18s 7Jd; New Guinea Gold, 2s Broken Hill, 76s 6; Ampol Petroleum. 18s Id; Peko, 7s lid; Mt. Lyell, 28s lOJd; South Broken Hill. 76s 6d; Ampol Petroleum, 18s 4Jd; Oil Drilling. Is 4d; Australian Oil Exploration, 4s 3d; Oil Search, 7s 6d; Australian Uranium Corporation, 2s Id; N.A.U.C., .6s 4d; Northern Uranium . Development, 6s 4d; Uranium Development, 2s Id. MELBOURNE Few stocks recorded large turnover in the investment section in Melbourne yesterday, and prices recorded a variable tone. Silver-lead stocks were firmer, but mining generally was quiet, with prices holding steady. Sales.—Mt. Tsa, 80s; Mt. Lyell, 29s 6d; N.A.U.C., 6s 3d; Uranium Development, 2s; Uranium Mines, 6s 4d; Mt. Morgan, pref., 14s 4d; Oil Search, 7s lOd; Commercial Bank, 18s Id, and new 17s lOd; Goldsbrough, 32s 9d; Carlton Brewery. 20s 3d; Huddart Parker, pref., 21s; Ampol, 18s 6d; Associated Pulp, 30s 3d; Aust. I. and S., pref., 26s 3d; ACJ., 52s 6d, and rights 22s 9d; A.P.M., pref., 19s sd; Bradford Cotton, 395; Broken Hill Pty., 40s lid; Drug Houses, 34s Id; Dunlop, 30s lid, and pref. 34s 3d; Felt and Textiles, first pref., 20s; G. J. Coles, 17s 8d; Henry Berry, pref., 13s 3d; Herald, 20s; Humes. 575; I.C.L, A. and N.Z.. 43s 3d; Myer, 15s; N.Z.. Forest, 19s Bd, and pref. 22s 4d; Olympic, 8s 9d; Woolworths, 18s 9d.

279 N.Z. Breweries, rts. £ s. d. Var’n. 20 (7 sales) Cantjr. Frozen Meat 0 7 1 N.C. 100 rights N.Z. Insurance 4 4 0 N.C. 108 Electro. Zinc, ord. 150 N.Z. Forest Products, 200 Tasman. ii paid 0 16 0 4-ld (2 sales) 1 5 11 4-2d Sales Renortcd, I.isteri 300 Comm. Bank of Aust., 172 NZ. Refrig., IQs pd. 0 14 8 N.C. 100 Mate sale Thursday) Southland Frozen 1 8 6 +9d 100 Meat Wellington Gas 3 0 —6d N.C. +1/9 200 200 Wright. Stephenson Lane. Walker Indus2 1 9 400 tries (2 sales) Booth, Macdonald .. 2 0 4 6 N.C. 300 Electro Zinc 356 M.C.P. (late sale +1/116 100 terday) N.Z. Forest Products N.Z. Paper Mills 0 0 5 16 6 0 N.C. + ld 200 200 Tasman, £1 paid .. Woolworths, Ltd 0 6 15 0 1 +3d N.C.

CHRISTCHURCH QUOTATIONS Buyers. Sellers. £ s. d. £ s. d. Government— 3 p.C., 15/5/53-56 .. 100 7 6 —— 3 p.c.. 15/12/53-56 .. — 99 12 6 3 p.c., 15/2/55-58 .. — 97 7 6 3 p.c., 15/11/57-60 .. 94 10 0 — 3 p.c., 15/4/60-63 .. 90 10 0 91 0 0 3J p.c., 15/1/56-59 .. 96 15 0 — 3J p.c., 15/1/53-57 .. 99 10 0 — 32 p.c., 15/9/59 .. 97 15 0 — 3J p.c., 15/5/62 98 0 0 32 px., 15/9/69 .. 94 5 0 ■ ■ 4 p.c.. 31/5/54-58 .. 100 10 0 Nth. Canty. E.P.B., 31 p.c., 1/1/65 .. — 96 10 0 Aust, and N.Z. .. 1 9 0 1 10 0 Comm, of Aust. .. 0 14 8 0 15 0 Pref. — 6 5 0 Natl, of A’asia., £1, c.d. -. - • 1 6 0 — National of N.Z. •. 1 9 9 — N.S.W. .. ..32 7 6 — Ballins. ord. •. 1 6 6 1 7 2 Pref. — 1 0 8 Dominion •- 3 9 0 — New Zealand .. 1 18 0 — Rights • • 0 7 0 0 7 2 Westland, c.d. . - 2 1 6 — Frozen Meat — Canty., rights — 4 0 0 Fref. ■ • 7 0 0 7 10 0 N.Z. Refrig.. 20s . 2 15 9 — 10s 1 8 3 — Nth pref. 1 3 6 — Southland - - 3 0 0 — Waitaki -- ..12 10 0 — GasAuckland — 0 9 3 Christchurch .. 1 0 6 — Cont. — 0 16 3 Wellington • ■ 1 7 0 — Insurance— F.A.M.E. .. 1 12 6 —— National — 1 6 6 New Zealand - - 3 17 0 3 18 0 South British, x.d. 3 8 0 — Loan and Agency— C.F.C.A., ord. — 1 10 6 Pref. — 3 0 0 Chch Building, c.d. — 17 0 0 Credit and Fin. .. — Dalgetv. “A” . • 0 9 4 Nat. Mort. A .. ■" 0 12 N.ZT. Co-op. •• 0 15 3 — First pref. — 0 15 •'A” pref. — •*B” pref. —— 0 15 6 44 ox. Stock. ’60 9a 15 0 — 4J p.c. Stock, *65 — 96 0 0 NJZ. Guar. Corpn. 0 2 — Perm. Invest. . - 11 15 0 ■ —— United Building .. 0 19 6 Wright, Stephenson Pref. .. 1 0 0 2 1 1 1 0 Shipping— N.Z., pref. - - 10 0 0 Huddart Parker .. “• Union, pref. — Timber— Kauri - ■ • • J 10 9 —• Parker Lamb . - 0 5 6 — Woollens— Bruce — 2 9 Pref. .. • • , Feltex .. • • J N.Z. .. 1 9 9 1 13 0

Lane, Walker Ind. Buyers. £ s. d. 2 10 Sellers. £ s. d. Tekau 15 0 Pref. —. 110 Timaru 1 12 9 Wellington 10 12 6 Miscellaneous— Alloy Steel (N.Z.) 1 19 0 —— Amal. Batt. 1 12 0 Anapol 0 14 10 Andrews & Beaven. pref. 10 6 Aulsebrooks, pref. — 10 9 A.C.I. 2 2 0 — Aust. C.I., rights .. 0 17 6 — Aust. Found. Invest. 0 4 9 0 5 2 Beath and Co. — 2 10 6 B. L. Hart — 2 3 6 Begg and Co. — 2 15 0 Booth. Macdonald 0 4 9 Brit. Tobacco, pf. 0 18 9 Broken Hill Pty.. x.d. 1 12 3 — Canty. Roller Flour 0 16 0 — Cory-Wright 1 8 6 Colonial Sugar • — 33 5 0 Consolid. Brick 0 10 9 — Coulls, Somerville 1 12 0 —— Courtaulds 0 14 9 —— Cyclone Fence, 15s paid 0 19 3 — Dom. Builders — 0 11 0 Dom. Rubber 0 19 8 —i Donaghy’s Rope, c.d. 2 16 —— Electro. Zinc, ord. 1 17 3 1 17 6 Evans Atlas — 0 18 d Farmers’ Trading, “C.” pref. — 10 6 Fletcher Holdings 2 0 0 G. J. Coles 0 14 0 0 14 1 Guthrie, Bowron, pref. — 1 2 u Harley 1 12 6 — Hay’s, Ltd. — 1 3 9 Pref. — 119 Herald and Weekly Times — • 0 17 0 Humes — 2 8 3 Humes (N.Z.). pf. 1 0 6 — John Chambers .. 1 10 0 — K.P. Drugs 6 12 6 — M.C.P. 0 5 4 0 5 9 M—ling, pref. — 10 6 McKenzies 116 — Midland Mot., pref. — 10 5 Milburn Lime 1 5 10 16 3 Morris Hedstrom .. 2 7 3 — National Electric — 7 5 0 N.Z. Forest Prods. 0 16 0 N Z. Indust. Gas, pref — 10 3 N.Z Newspapers .. 1 12 0 — N.Z. Paper Mills .. — 18 6 Norvic Shoes 0 15 0 Otago Daily Times 2 10 3 — Reid Rubber 15 0 — Ross and Glendin. — 1 13 0 ■ Contr. 12 0 14 0 Skellerup. pref. — 10 6 Speedway Products, pref. Tasman. £ 1 paid 1 5 10 16 0 Transport (Nelson) 1 10 0 Whakatane. ord. .. 119 Pref. •— Whit, and Tombs. — 1 14 0 Wm. Cable Hldgs. 19 6 1 10 0 "C” pref. — 110 Wilsonc Cement .. 0 14 7 W’worths, ord. 0 15 1 0 15 2 (N.Z.), ord. 10 0 (N.Z.) Pp.. P«f. — 110 W. R. Cooke and Son 0 14 0 — Aust. Mining— Mount Lyell Mount Morgan 1 2 0 ——* Mining— Grey River 0 4 0 0 5 3 UNLISTED STOCKS Buyers. Sellers. £ s. d. £ s. d. Beaths. Is paid 10s on deposit Buntings 19 0 Canty. Seed 1 10 0 1 11 6 Christchurch Press — 13 15 0 Finance and Discount, pref. •— 110 Guthrie. Bowron . 12 6 Kaiapoi Woollens 119 1 5 10 Lichfield, pref. —- 10 6 Matea Forests 0 4 6 0 5 0 National Tobacco — 0 13 0 N.Z. Motor Bodies — 2 2 6 R. and E. Tingey 0 8 6 — Regent Theatre .. 0 18 0 — Rink Invests. 1 10 0 Restar — 0 18 1 Scales 0 13 0 — St. Elmo Courts .. 0 18 0 Vibrapac Blocks .. 0 19 9 — Vig. Fire Alarms —— 0 10 o Weeks (Wanganui). pref. . • • • —