FINANCE AND COMMERCE

Press, Volume XCIII, Issue 27912, 8 March 1956, Page 19

FINANCE AND COMMERCE

Prices Fluctuate In Expanded Business

SfflT* moved Colonial Sugar were easier in sales at £32 2s 6d and £32 Woolworths eased slightly to sell at 15s 7d and 15s Rd and sold slightly higher a(l3s Rd. improved and other shares which sold at higher prices were N Z Breweries, National Mortgage A, Wright Stephenson and Whakatane. The two new issues, Hauraki Whaling and N.Z. Cement, are still in demand. Hauraki Whaling, though not traded, were firmer on quotation. N.Z. Cement sold at the unchanged price of 6s 6d and more were wanted at that price. Beaths improved on quotation and lasman were easier. N.Z. SHARE TRANSACTIONS CHRISTCHURCH OVERSEAS EXCHANGES Sales on ’Change, Listed Stocks

Sales.—Late Tuesday: 200 N.Z. Breweries, 4Cs 9d; 100 N.Z. Insurance, 84s: 100 Consolidated BrU’k, 12s; 100 Dominion Rubber, 23s 6d; 200 J. Chambers, 31s 6d; 50 Northern Roller, 41s 6d; 200 Whakatane Board, pref.. 20s 6d; 400 Mount Lyell, 26s 6d. Yesterday: £lOOO 3 per cent., 15/5/5356. £lOO 10s: £5OO 3 per cent., 15/12/53-56, £99 10s; £4OO 3 per cent., 15/8/59-61, £92 2s 6d; £7OO 3 per cent., 15/7/61-63, £9O; £2W 3 per cent., 15/6/61-64, £B9 2s 6d; £2OOO 3J per cent., 15/1/53-57, £99 12s 6d; £3OO 32 per cent., 15/9/59, £9B 7s 6d; £2OO 32 per cent., 15/5/f2. £95 10s; £5OO Tasman, 5 per cent., 30/9/54, £9B; 200 Commercial Bank of Aus., 13s 9d; 363 National Bank of N.Z., 26s 9d: 20 Bank of N.S.W.. £3l; 200 N.Z. Breweries, 40s 9d; 280 Wellington Gas, 345; 50 N.Z. Insurance, 84s; 409 South British Insurance. 765; 400 Alex. Harvey. 30s 9d; 500 Ampol Petrol. 10s IJd; 150 A.C.1.. 40s 9d: 100 Bycroft. 38s 6d; 18 Colonial Sugar. £32; 100 Dominion Rubber, 23s 6d: 103 Dunlop. N.Z., pref.. 13s 6d; 209 Farmers’ Trading. 365; 600 Fletchers, 395, and 100, cum pref., 23s 3d; 300 Coles. 13s 7d; 100 Hawkins. 265; 300 J. Chambers. 31s 6d; 100 J. Wattie, new. 245; 603 K.P. Drug, £5 17s 6d, and 50, new bonus, £5 15s 6d; SCO Forest Products, 18s 6d; 96 N.Z. Newspapers, 34s 6d; 200 N.Z. Refrigerating. 27s 9d; 300 Reid Rubber. 25s 7Jd; 200 Tasman, 275; 200 Toppa, 4s 4d; 500 Turnbull and Jones, 375; 400 Whakatane Board, pref., 20s 6d; 400 Wm. Cable. 28s; 100 Woolworths. N.Z.. 18s 6d; 2543 Woolworths. Sydney, 15s 7d. Unlisted: 400 Hauraki Whaling, contrib.. 3s fid. at 3s lOd, and 400 at 4s; 1000 Ma tea Forests. 4s 3d. WELLINGTON Sales.—Yesterday: £lOOO 3 per cent., n-May. 1953-56, £lOO 10s: £550 3 per cent. 1960- £9l 2s 6d; £7OO 3 per cent., 1961- £93; £4250 3J per cent., 1953-57 (3 sales). £99 12s 6d; £5OO 4 per cent.. 1965-66, £95 2s 6d; 20 Bank of New South Wales. £3l; 175 Wellington Gas, 345; 300 South British Insurance (2 sales), 765; 300 National Insurance, 275; 100 Felt and Texti’es. Aust., ex div., 20s 6d; 200 Felt and Textiles, N.Z., pref., 19s 9d; 100 Ampol. 10s; 30 G. J. Coles (2 sales). 13s 6d: 100 Electrolytic Zinc, 37s 9d; 200 J. J. Niven 42 sales). 455; 2 n o N.Z. Forest Products, pref., 18s; 200 McKenzies. 21s 9d; 500 Wm. Cable (2 sales), 28s; 1200 Woolworths, Ltd. (2 sales), 15s 7d; 220 Woolworths, N.Z., 18s 6d; ino Wool worths Properties, pref., ©rd.. 14s 9d.

SYDNEY The down trend for Commonwealth loans was halted the Sydney Stock Exchange yesterday. Of 25 issues traded in the afternoon session, 10 issues rose. Of the issues that *ell the biggest fall was 2s 6d. Investment shares continued easy. Metals were firmer, textiles, oils, and uraniums irregular. Sales.—Comm. of Sydney. £l9 19s; National Bank. 20s paid, 31s 6d; Bank N.S.W., £34 7s 6d; ooths, 50s 3d; A.C.1., 51s; Bradford Cotton, 355; British Tobacco, 32s 9d; Broken Hill Pty., 39s 9d; Burns Philp, 545; Colonial Sugar. £39 10s: David Jones. 565; i rug Houses, 30s 3d: Dunlop, x.d., 28s lOJd; Email, 12s; Electro. Zinc, 46s 6d; Electro. Zinc, pref., 45s 6d; Goldsbrough, 33s Henry Jones, 50s 6d; 1.C.1., 445; Waltons, 16s 4Jd; Winchcombe, 40s 6d; Woolworths, 19s 3d; Mt. Isa, 235; New Broken Hill, 51s 3d; South Broken Hill, 72s 3d; Ampol Exploration. 19s 3d; A.0.E., paid, 4s; Oil Search, 13s lid; Peko, 10s; Aust Uranium Corpn., 3s lOd; N.A.U.C., 4s- N.U.D., 6s 7d; Uranium Mines, 6s sd. MELBOURNE Turnover expanded in the investment section, and sales covered a wider range. Many leading stocks tended to firm, although variations were not sharp. Mining was moderately .ctive, but prices again recorded an easier tone. Price movements generally were within narrow limits. Sales.—Commercial Bank, 17s; E.. S. and A.. £5 15s; Carlton, 18s 7d; A.W.A., 18s 3d; Goldsbrough, 34s sd; G. J. Coles. 17s 4d; Myer. 13s 3d; Woolworths, 19s 3d; Ampol, 12s sd. and pref. 17s 3d; Associated Pulp. 29s 6d; A.C.1., 51s 6d. and new 325; A.P.M., 22s Bd, a.id pref. 18s Id; British Tobacco, 32s sd; Broken Hill Pty., 40s 3d, and 13s 4d capital paid 28s 6d; Court - aulds, 19s 9d; Drug Houses, 30s; Electro. Zinc. 46s 3d. and pref. 45s 3d; Felt and Textiles, third pref.. 11s 6d; Gordon and Gotch. 17s 9d; Herald, 20s 9d; Humes, “B” 7J per cent, pref., 21s R d; 1.C.1., A.N.Z., 44s sd; Kauri, 255; N.Z. Forest, pref., 21s 6d; Olympic, 7s Bd, and pref. 18s 2d; Broken Hlil South, 72s 6d; Mt. Isa, 22s lid; Mt. Lyell, 32s lOd; Uranium Development, 2s 8d; Uranium Mines, 6s 4d; Emoeror. 10s 6d; Loloma. .’7s; Mt. Morgan, 31s. and pref. 15s 2d: Oil Search, 13s 9d; Santos, 21s 9d. LONDON Tuesday’s quotations for banks and debentures included the following:— Aust, and N.Z. Bank, sale, 35s 9d; Commercial Bank of Aust., buyers 13s, sellers 14s; E., S., and A. Bank, sale, 955; National Bank of Aust., buyers 255, sellers 265; Bank of N.S.W., buyers £27, sellers £2B; British Tobacco, buyers 25s 6d, sellers 26s 6d; Goldsbrough, Mort, buyers 265, sellers 275; Dalgety, sale, 9s 2Jd: National Bank of N.Z., buyers 27s 6d, sellers 295; Aust. Mercantile, Land and Finance, buyers £7l, sellers £73; Dalgety, 4 per cent., 1975-80, buyers £BO, sellers £B2; N.Z. Loan and Mercantile, 4 per cent., buyers £6B 10s, sellers £7O 10s; N.Z. Loan and Mercantile, ord. stock, buyers 19s 6d. sellers 20s 6d; P. and O. Deferred (middle rate). 2.9 s IOJd. Sales of mining stocks included:— Broken Hill North, 90s 3d; Consolidated Zinc, 47s 9d; New Broken Hill, 42s 6d: Mt. Isa, 18s lid

£ s. d. Var’n. 12 Bank N.S.W. 31 0 0 N.C. 50~N-Z. Breweries 2 1 0 4-3d 600 National Mortgage A (2 sales) 0 11 6 4-3d 100 Aulsebrooks. pf. .. 0 19 6 N.C. 6 Colonial Sugar 32 2 6 —2/6 200 G. J. Coles 0 13 8 4-ld 100 YTtakatane. ord. .. 1 2 6 4-3d 500 Woo’worths, ord. (2 sales'; 0 15 8 —Id 100 broken Hill Pty. 1 12 6 —3d Sales on ’Change, Unlisted Stocks 400 N.Z. Cement Co., 5s paid (2 sales) 0 6 6 N.C. . Sales Reported. Listed Stocks £250 N.Z. Govt. Stock, 3 per cent.. 59-61 91 10 0 £500 N.Z. Govt. Stock, 4 per cent.. 65-66 95 5 0 400 N.Z. Refrigerating. 20s paid (2 sales) 1 7 9 ___ 2-50 N.Z. Insurance 4 4 0 N.C. 100 Wright. Stephenson 2 3 6 4-6d 50 Bonds Hosiery, c.d. 3 12 0 N.C. 38 Colonial Sugar (2 sales) 32 0 0 —5/15 Colonial Sugar . .. 32 2 6 —2/6 200 K.P. Drugs 5 17 6 4-1/6 100 Metters 0 15 0 N.C. 300 N.Z. Forest Products 0 18 6 N.C. 300 Reid Rubber 1 5 7J 150 Turnbull and Jones 1 17 0 —fid 500 Woolworths, ord. 0 15 7 —2d 300 Woolworths, ord. 0 15 8 —Id AUCKLAND