FINANCE AND COMMERCE

Press, Volume XCIII, Issue 27989, 8 June 1956, Page 16

FINANCE AND COMMERCE

Mt. Lyell Drops Sharply Mt. Lyell dropped sharply in business reported yesterday to the Christchurch Stock Exchange at 225. Business was done in Christchurch last, week at 245. Other price movements—apart from a drop of Id in Christchurch Gas, contributing—were upwards. South British Insurance followed Monday’s good gain with a sale at 82s 6d and Lnion Steam, preference, and British Tobacco were also firmer. Turnover was well up to average and included three parcels of Government sforl

N.Z. SHARE TRANSACTIONS

•Late sale Wednesday. AUCKLAND Sales.—Late Wednesday: 53 Dominion Breweries, 90s; 265 M.K. Manufacturers, 10s 9d; 100 N.Z. Forest Products, 19s; 100 Whittome Stevenson, 28s, 500 Mt. Lyell, 21s 6d. Yesterday: 100 Ballins Brewery, 28s; 161 Dominion Brewery, 90s. and 50 at 89s; 900 N.Z. Breweries, 40s; 100 Christchurch Gas, 245; 200 South British, 82s 6d, and 100 at 82s 9d; 300 Feltex, N.Z.. 325; 710 Alex Harvey, 29s 3d; 200 Amalgamated Batteries, 355; 500 A.C.1., 41s; 200 Electro. Zinc, pref., 345; 250 Farmers’ Trading, 40s; 550 Fletchers, 38s; 100 Greers Industries. 19s 6d; 300 J. Gadscen. pref., 20s; 81 K.P. Drug. £5 14s; 100 Reid Rubber, pref.. 19s 6d; 500 Toppa, 4s: 600 Whakatane Board. 23s 6d; 400 William Cable. 28s 3d; 500 Mt. Lyell, 225. Unlisted: 445 Maple Holdings, 475; 200 Mason Bros., new, 455. WELLINGTON Sales.—Yesterday: £2BOO 3 per cent., 60«2 (3 sales), £9l 15s; 180 National Bank N.Z., 275, and 99 (odd) at 28s; 400 Wright. Stephenson (3 sales), 425, 100 Armstrong SnringhaU, pref., 21s 6d; 250 B. L. Hart, 37s 6d; ICO Ballins Brewery, 28s: 250 N Z Breweries. 40s; 300 Felt and Textile, N.Z., 325; 262 Woolworths, Ltd., rights (2 sales), 8s 6d. and 200 at 8s 7d.

OVERSEAS EXCHANGES SYDNEY Lead industrial stocks, textiles. Commonwealth loans, oils and uraniums, were weaker on the Sydney Stock Exchange yesterday. Only metals were steady. Sales.—Comm, of Sydney. £2O 10s; Comm, of Aust., 17s 9d; National, 12s 6d paid, 18s 4Jd; Bank of New South Wales. £3O ss; Tooheys, 25s 10id; Tooth. 45s 6d; A.C.1., 50s 9d; British Tobacco, 325; 8.H.P., 40s 6d; Colonial Sugar. £39 2s 6d; David Jones, 50s 3d; Dunlop, 28s 3d; Email, 10s 3d; Electro. Zinc. 445; Felt and Textiles, 24s 3d; General Industries, 245: N.Z. Forest. 23s 9d; Waltons, 14s; Woolworths. 16s 6d; Mt. Lyell, 27s lid; Mt. Isa, 22s 6d; A.0.E., paid, 3s 10d; Oil Search, 14s 8d; Mt. Morgan, 26s 3d; PeKo. 7s lid; Aust. Uran. Corp., 2s 9d; Uran. Development. 2s 3d; South Broken Hill. 68s 6d; Ampol Petrol, 10s 6d. MELBOURNE A general easing of the whole investment market was noticeable yesterday after a tail of 3s on Wednesday, Burns, Philp lost a further is. Trading covered a wider range as sellers came lower. Little activity was displayed in the mining section and prices moved narrowly. New Broken Hill was the main exception with a fall of Is 6d in a selling quote. Sales. —Commercial Bank, 17s 6d; A.W.A,. 17s; G. J. Coles, 17s 2d; Myer, 12s 9d; Woolworths, 16s 6d and rights, 10s 9d; Burns, Philp, 50s; Huddart Parker, 50s; Ampol, 10s 6d: Assoc. Pulp, 28s 9d; A.C.1., 50s 9d; new, 41s 3d; A.P.M., 20s 8d and pref., 18s; 8.H.P., 40s 6d and 13s 4d cap. paid. 295; C.S.R., £39 10s; Drug Houses, ,31s and new, 30s; Electro. Zinc, 44s 3d and pref., 425: General Industries, 24s 8d: Gordon and Gotch, 17s 3d; Henry Berry. 14s 9d: Herald, 18s 3d; Humes, 46s 9d; 1.C.1., A., N.Z., 45s 9d; Olympic, 7s 2d and rts., 7d; Patons and Baldwins, 23s 6d; Mt. Isa, 22s 3d; Mt. Lyell, 275, N. Broken Hill, £5 6s: N.A.U.C.’s 2s lid; Uranium Development, 2s 3d; Uranium Mines, 7s; Mt. Morgan, 26s 3d; Ampol Exploration, 15s Oil Search, 14s 9d* Santos. 9s 6d; Woodside, 7s 5d LONDON Mining securities traded on Wednesday included:—Consolidated Zinc, 48s IJd, and pref., 14s 6d; Mt. Lyell, 21s 6d. DUNEDIN —— Sales.—Yesterday: 400 Dalgety and Co., 9s 9d. Sales Reported.—£4ooo 3 per cent., 15/8/59-61, £93 15s; 300 G. J. Coles, 13s lid; 81 K.P.. N.Z. Drug (2 sales), £5 14s; 300 Woolworths, Ltd., 13s 4d; 100 Ross and Glendining, 29s 6d. INVERCARGILL Sales Reported.—2oo Broken Hill Pty., 33s Id; 200 Comm. Bank, 14s 6d; 100 Wm. Cable, 28s 3d: 100 South British, 82s 6d; 100 N.Z. Drugs, £5 15s.

QUOTATIONS IN CHRISTCHURCH

CHRISTCHURCH sales on Change. Listed Stocks 537 Christchurch Gas, con. (2 sales) 400 Union Steam Ship, 0 19 0 -Id pief. 1 2 6 4-2d 100 British Tobacco, c.d. 6 6 4-3d 250 Woolworths, rights 0 8 7 N.C. Sales on ’Change, Unlisted Stocks £ sfl. Var n 500 Kaiapoi Woollen (3 sales) 1 3 0 N.C. Sales Reported, Listed Stocks £1035 N.Z. Govt. Stock, 3 p.c., 1957-60* .. 93 12 6 __. £800 N.Z. Govt. Stock, 3 p.c., 1959-61 .. 93 15 0 £200 N.Z. Stock, 3| p.c., 1957-60* .. 95 0 0 — 620 National Bank of N.Z. (2 sales) 1 7 0 N.C. 10 Bank N.S.W.* 28 0 0 N.C. 10 Bank N.S.W. 100 South British In28 0 0 N.C. s_rance* 4 2 6 +6d 158 Equitable Building 2 2 0 100 Apex Ice* 2 8 0 200 John Fairfax 500 Whakatane Board 0 17 3 — Mills, pref. 1 1 0 N.C. 450 Woolworths 0 13 N.C. 300 Mount Lyell 1 2 0 Sales Reported, Unlistet Stocks 100 N.Z. Fisheries 0 7 0 —

Buyers Sellers £ s d. i d A Z Govt.— 3 p.c., 15/2/55-58 .. 98 15 0 99 0 0 3 p.c.. 15/4/56-59 .. 96 5 0 3 p.c., 15/8/59-61 .. 93 5 0 3 p.c., 15/4/60-63 .. — 90 10 0 3 p.c., 15/7/63-65 .. 8S 0 0 3 p.c.. 15/5/64-66 .. 8*3 5 0 31 p.c.. 15/1/56-59 .. 97 10 0 4 p.c., 31/5/54-58 .. 93 7 6 4 p.c., 15/8/65-66 .. 95 15 0 4i o C. 15/6/61 Local Body, Com99.10 0 pany Debs.— Ashburton E.P.B., 31 p.c., 16/3/63 .. Vincent Hosp. Bd., — 83 5 0 4 p.c., 1/8/62 94 0 0 96 10 0 Banns— Aust, and N.Z., c.d. 1 14 9 Comm, of Aust. .. 0 14 4 0 14 6 Pref. 5 14 0 Natl, of A'asia., £1 6 0 12s 6d 0 14 5 0 15 3 Natl, of N.Z. 1 7 0 28 0 0 Ballins, ord. 1 8 0 1 8 9 Pref 1 0 0 Dominion Frozen Meat— 4 10 0 — Canterbury, pf. .. 6 0 0 Gear A 3 N.Z. Refrig. 1 8 7 North Canty., pref. 1 1 3 Southland 3 4 0 Otago 7 10 0 — Ai ckland .. 0 10 0 5s paid 0 5 Christchurch 1 3 9 1 £ Conti .. ,, 0 19 0 — FAM£. 1 14 0 National 1 0 New Zealand 4 8 6 Queensland, c.d. .. 2 16 0 South British 4 2 6 Standard 1 1 6 to<n and Agencv— C.F.C.A., pref. 2 12 6 Daleety "A” 0 10 0 B .. 0 10 0 Golds., Mort, c.d. 1 5 0 5 6 Invincible Building A 17 6 Mutual Benefit Natl Mortgage ‘A.” 1 8 0 c.d. 0 11 9 **B,” c.d. N.Z.F. Co-op., 1st 2 17 0 — pref. 0 17 0 “A” pref. 0 17 0 41 p.c Stk.. ‘60 .. 96 0 0 Equitable Bldg. .. 2 1 0 Perm Invert. 10 15 0 S. Island Fin. Bhioping— 1 9 9 Union, pref. ,, Woollens*— 1 2 6 — Bonds 0 16 0 Bruce J 17 o Feltex 1 0 3 Feltex (N.Z.) 1 12 0 N.Z., pref. 0 19 9 Lane, Walker Ind. 1 16 9 2 17 6 Pref. 0 19 0 6 Manawatu 3 18 6 0 Tekau 1 4 0 Pref. 0 19 3 Timaru 1 Wellington Miscellaneous— — 9 10 0 Alloy Steel (N.Z.) 1 18 6 Ampol 0 8 6 0 9 0 Andersons, 1st pf. Andrews and Bea0 19 9 ven., pref. 0 19 3 Aulsebrooks, pf. .. 0 19 0 Aust. C J. 2 0 3 Beath and Co 2 1 0 Pref. 1 1 0 Booth, Macdonald 0 1 9 0 2 3 Brit. Tobacco, c.d. 1 6 3 C. and A. Odlin .. 2 2 0 Broken Hill Pty. .. 1 12 6 I 13 3 Claude Neon, N.Z. 2 9 0 Colonial Sugar 31 15 0 Courtaulds 0 15 9 Cyclone Fence Pref 1 9 6 10 6 1 0 0 Dom Builders 0 10 0 D.I.C 0 19 9 Pref. 1 0 Dun op. N.Z. 1 2 0 Pref. 0 15 6 Evans At’as — 0 15 7 Famer-Waimak Flrtrher Holdings. 0 18 6 1 1 0 c.d. — 1 18 0 "B” pref., c.d. .. 1 0 0 “C” nref. c.d. .. j 0 3 G. J. Coles 0 13 L0 0 14 o Golden B. Cement Greater Crystal, 1 5 0 1 5 9 x.d. 1 0 6 Griffin and Sons .. 1 18 0 Hay’s, Ltd., pref. .. 1 0 0 0 Il Golden Bav, rts. .. 0 2 0 0 3 Humes (N Z.i pref 1 0 0 I.CJ., A.. N.Z. 1 16 6 J Gadsden, pref. 0 19 9 John Chambers J. J. NiX'en 2 4 6 J. Watti® Canneries 1 1 6 K.D.V. Boxes K.P. Drugs 5 13 0 John Fairfax Mas btruthers. 14s 0 16 9 0 17 6 paid 1 0 0 McKenzies, c.d. 1 2 3 M’dland Mot., pref. 2 fl Milbum Lime 1 5 6 M.K. Mfrs o 11 N.Z. Cement .. 0 4 9 0 5 0

Buyers. £ s d Sellers. £ s d N.Z.F. Fertiliser .. 2 4 9 Pref. 116 N.Z. Forest Prods. 0 18 11 0 19 3 Northern R. Mills 2 16 Otago Daily Times 2 11 0 Ripco 1 17 0 Quill. Morris 15 0 Reid Rubber, pref. 0 19 3 Hoss ana Glendin* ing 18 6 19 6 Skellerup, pref. 0 19 9 Tasman. £1 paid 1 6 0 Ultimate-Ekco 0 19 5 Weeks 1 10 *3 Pref. 0 19 6 10 0 Whakatane, ord. .. 13 3 Pref. 10 9 1 1 0 Whit and Tombs 1 14 9 Wm. Cable Hldgs. 18 6 Wilson s Cement cd. 0 14 0 Wooiworths, ord. .. 0 13 3 0 13 5 Rights .. 0 8 7 0 8 9 (N.Z.). ord., c.d. 0 18 11 Properties, pf. .. 10 3 W. R. Cooke and Son 0 16 6 Waltons 0 11 3 Truth (N.Z), c.d. 1 18 0 2 0 0 Overseas Listings— Park Davis — 0 19 10 Aust. Mining— Mount Lyell — 12 5 Mining— Grey River 0 0 6 —— Snowy River 0 10 0 2 0 UNLISTED STOCKS Beaths. 19s on dep. ■ — 1 13 0 Buntings 1 10 3 1 11 0 Canty. Seed 17 6 1 10 0 Canty. Saleyards .. 2 12 6 Dominion Life, pf. 0 13 6 Europa (N.Z.), pf. 1 11 6 ,, ,, Finance and D.scount, o’-d. , 14 6 Kaiapoi Woollen .. 13 0 Pref. 118 Matea Forests 0 3 10 Nat. Tobacco 0 16 6 N.Z. Fisheries 0 6 6 0 7 6 Prudential B dg. .. 0 19 0 Radio Corpn 0 15 0 Reece. E., ord. 0 6 6 Scales 0 14 6 Stacey and Hawker, pref. 1 1 0 —— Vibranac Blocks .. 4 0 0 Vigilant Alarms .. 0 8 0