FINANCE AND COMMERCE

Press, Volume XCIII, Issue 28008, 30 June 1956, Page 12

FINANCE AND COMMERCE

Markets Active And Buoyant At Close

Share turnover recorded yesterday by the Christchurch Stock Exchange was the biggest this week, though not so well spread as on other days.

* A.N.Z. Bank and Bank of N.S.W. were firmer, and N.Z. Befrigcrating confirmed recent firmer quotations in business at 30s 4d and 30s 9d. Electrolytic Zinc preference, in first Christchurch business for two weeks, reflected the stronger tone of the Australian market in a sale at 355. Woolworths N.Z. Properties preference, Tip Top Ice and Whakatane each made modest gams. Of three reported sales of Colonial Sugar, two were made at Thursday’s higher price of £32 5s and one at £32 2s 6d. Mt. Lyell also eased in heavy business at 21s 9d. Farmers’ Co-operative rights to the ordinary issue dropped back to 3s but the B preference sold unaltered at 2s 10d. N.Z. SHARE TRANSACTIONS

AUCKLAND Sales.—Late Thursday: £2OO 3 per cent., 15/2/55-58, £99; £550 3 per cent., 15/4/5659. £96 ss; 50 South British. 82s; 150 Aulsebrook, pref., 20s; 100 Silknit. N.Z., 13s 6d; 300 Tip Top Ice. 15s; 200 Wilsons Cement. 13s 7d.

Sales.—Yesterday: £5OO Auck. City Council. 44 per cent., 1/10/59. £9B; 125 A. and N.Z. Bank. 34s 6d; 450 Nat. Bank N.Z., 28s: 50 Dorn. Brew., 955; 175 N.Z. Brew., 40s 3d; 81 N.Z. Farm. Co-op., B pref., rts., 2s 10d; 100 North Auckland Farmers. 28s: 200 Devonport Ferry. 245; 1000 Ampol, 8s 7d; 400 Berlei Indust.. 455: 20 Col. Sugar. £32 2s 6d; 100 Donaghy, 42s 6d; 200 Frozen Prods., rts.. Is 3d; 500 Coles, 14s 3d; 200 Gadsden. N.Z.. 31s 6d; 300 J. Wattie, 225; 50 K.P. N.Z. Drug, £5 14s; 200 M.K. Mfrs., Ils; 1400 Forest Prod., 19s: 158 N.Z. Newspapers. 355; 200 Reid Rubber, 265; 1600 Tasman, 26s 3d: 516 Tip Top Ice. 15s; 107 Union Oil. 255; 200 Whaka. Board. 245: 150 Wilsons Cement. 13s 7d; 1000 W’wths., N.Z., 18s 3d; 1300 W’wths., Syd., 13s 6d. and 2354 rts.. 9s; 1000 Mount Lyell. 21s 9d.

WELLINGTON Sales.—Late Thursday: 100 A. and N.Z. Bank (London reg.), 33s 9d; 50 N.Z. Brew.. 40s 3d; 500 National Mortgage. "A.” Ils 6d; 600 Frozen Products, rts.. Is 3d; 300 Whakatane Board (2 sales), 245; 1000 Wool worths, Ltd., rts., 9s; 500 Matea Forests (unlisted) (5 sales). 4s.

OVERSEAS EXCHANGES SYDNEY A weaker market developed on the Sydney Stock Exchange following the imposition of more import restrictions. Leading industrials led the fall. Textiles were easier, metals barely steady. Commonwealth loans firmer, oils and uraniums steady. Sales.—A.N.Z. Bank. 45s 9d; National, 12s 6d paid, 19s; National, 20s paid, 325; Bank New South Wales. £3O 15s; Toohcys. 25s 6d; A.W.A., 5s paid, 20s; A.C.1., 51s 9ci; British Tobacco, 31s 3d; 8.H.P.. 40s 3d; Burns. Philp, 525; Colonial Sugar, £3B 15s; Email, Ils 4d; General Ind., 235; Waltons. 13s: Wool worths, rights. Ils Id; Mount Isa. 24s 9d; North Broken Hill, 119 s: South Broken Hill. 735; Ampol Exp., 13s 6d; Assoc. Oil. Is lid; Assoc. Freney, Is Id; A.0.E., paid, 3s lid; Aust. Uran. Corp., 2s 3d; N.A.U.C., 3s 8d; N.U.D.. 7s; Uranium Mines, 7s 4d. MELBOURNE A slightly easier tone was displayed in the investment section, the automotive group being the hardest hit. Trading overall was quiet and turnovers were small. Trading was dull in the mining Section with few stocks recording price variations. Sales.—Commercial Bank, 17s 6d; N.S.W.. £3O 17s 6d; A.W.A., 20s 3d; Goldsbrough, 31s 9d; G. J. Coles ,17s 6d; Wooiworths, 16s lOd and rights. Ils; Atnpol Options. 2s; Ampol, 10s 4d and prepaid 9s, and 2s paid 6s 3d: Assoc. Pulp, 29s 6d; A.C.1.. 52s 3d: A.P.M., 20s 9d: British Tobacco, 31s; 8.H.P., 40s 3d; Drug Houses, 32s 9d; Felt and Textiles. 24s 6d; Gordon and Gotch, 17s lOd; Herald, 19s; Hume Indust., 17s 3d; Kauri Timber. 28s; Olympic, 7s 3d and rights. 6d; Patons and Baldwins, 23s 3d and pref.. 14s 3d; Broken Hill South, 72s 6d; Mount Isa. 24s 9d; Mount Lyell, 26s 6d; New Broken Hill, 50s; N.A.U.C.’s. 3s 6d; Uranium Development, 2s Id; Emperor. 10s; Mount Morgan. 265: Oil Search, 17s 9d; Santos, 8s 3d; Woodside. 6s 6d and contrib., 3s Id.

Sales on Thursday of mining stocks included:—Consol. Zinc, ord. 49s 3d; New Broken Hill. 40s 9d: Mount Isa, 19s lOJd; Kainunting, Bs.

64. £BB 15s; 200 N.Z. Insurance, 89s: 100 N.Z. Blew.. 40s 6d. and 225 at 40s 3d; 200 Frozen Products, rts.. Is 3d: 200 G. J. Coles. 14s 3d; 200 J. Gadsden, 31s 6d; 500 Wm. Cable. “C" pref.. 21s; 300 Electrolytic Zinc, pref., (2 sales), 35s 6d; 1200 Frozen Products, rts.. Is 3d; 75 K.P. N.Z. Drug (2 sales). £5 14s; 200 Tasman Pulp (2 sales), 26s 3d; 100 Woolworths, Ltd. ex rts., 13s 6d, and 500 rts., 9s.

DUNEDIN Sales.—Late Thursday: 500 N.Z. Brew.. 40s 3d; 150 Bruce Woollen, 355; 1000 Woolworths, Ltd., rts., 9s.

Sales.—Yesterday: 50 Dominion Brew. 945; 255 G. J. Coles. 14s 3d.

Sales Reported.—3oo National Mortgage. "A.” Ils 6d; 200 D.1.C., ord.. 19s lid; 145 Woolworths, Ltd., 13s sd, and 200 at 13s 6d; 404 Woolworths, rts., 9s; 166 Union Steam, pref., 22s 9d.

QUOTATIONS IN CHRISTCHURCH

CUSTOMS RETURNS FOR JUNE

Customs and excise duty collected by the Customs Department in Christchurch during June totalled £315.262. compared with £376,939 in June. 1955. Sales tax also decreased over the figures for June last year. In the first three months ot the financial vear the total was £1.934,318. compared with £2.079.925 for the corresponding period last year. Detailed statistics, with those for the corresponding period last year in parenthesis. are:— June.—Customs and excise, rai* (£376.939): petrol tax, £135.707 (£131.166); tyre duty, £269 (£222). > tax. £177.399 (£221,913); light dues, £754 (£603); miscellaneous. £1826 »x. total. £631.217 (£732,019). April-June. Customs and excise, £949.878 (£1.022.145); petrol tax. £431.005 (£412.710); tyre duty. £837 (£ 1112); sales tax. £545.543 (£636.998); light dues. £2930 (£2596): miscellaneous. £4125 (£4364); total, £1,934,318 (£2,079.925). AUCKLAND Revenue collected by the Customs Department in Auckland during June totalled £1,732.716, compared with £2.179.094 in June. 1955. Details are:—Customs, £660,834 (£920,238 in June, 1955); petrol tax. £445.243 (£451.846); tyre duty. £SR2 (£905); sales tax. £393,364 (£536,120); other duties, £232.693 (£269.985).

DUNEDIN Customs figures for the Port of Otago for the month ended June 30. compared with the same month last vear arc Customs, £146.299 (£166.041 in June last year); sales tax. £101.231 (£120.31R» petrol. £71.387 (£65.128); tyres. £97 (£110); total. £319,014 (£351,597).

CHRISTCHURCH Sales on ’Change, Listed Stocks £ s. d. Var n 400 N.Z. Refrigating (2 sales) 1 10 4 4-4d 100 N.Z. Refrigerating 1 10 0 4-9d 200 Christchurch Gas .. 1 2 9 N.C.' 200 Christchurch Gas, contrib. 0 17 6 — £100 N.Z.F.C. Stock, 4J p.c., 1960 .. 96 0 0 — £400 N.Z.F.C. Stock, 4J p.C.. 23/4/60 95 0 0 — 246 N.Z.F.C.. rights, B pref. (2 sales) 0 2 10 N.C. 260 N.Z.F.C.. rts.. ord. 0 3 0 —2d 500 Bonds Hosiery 0 16 6 N.C. 100 Wm. Cable Holdings 1 8 0 N.C. 198 Woolworths, rights (4 sales) .. 0 9 0 N.C. 115 Woolworths N.Z. Props., pref. 1 1 0 4-3d 400 Mount Lyell 1 1 9 —3d Sales Reported, Listed Stocks 125 A. and N.Z. Ban* 1 14 6 4-6d 10 Bank N.S.W. 28 15 0 4-5/-166 Union Steam, pref. 1 2 9 N.C. 500 Bonds Hosiery 0 16 6 N.C. 125 British Tobacco .. 1 5 0 — 15 Colonial Sugar (2 sales) 32 5 0 N.C. 20 Colonial Sugar 32 2 6 —2/6 200 Electro. Zinc, pref. 1 15 0 4-2/6 300 G. J. Coles 0 14 3 N.C. 100 Hurnes 1 17 3 — 25 K.P. N.Z. Drug .. 5 14 0 N.C. 1016 Tip Top Ice (4 sales) 0 15 0 4-2d 200 Whakatane Board Mills 1 4 0 4-2d w 500 Woolworths, ord. rights 0 9 0 N.C. 1500 Mt. Lyell (2 sales) 1 1 9 -3d

Buyers. £ s. d. Sellers. £ s. d. N.Z. Government— 3 p.c., 15/2/55-58 .. 98 15 0 —m. 3 p.c.. 15/11/57-60.. 93 15 0 3 p.c., 15/8/59-61 .. — 93 12 6 3 p.c., 15/4/60-62 .. 91 15 0 — 3 p.c., 15/4/60-63 .. — 90 12 6 3 p.c., 15/7-63-65 .. 88 15 0 — 3 p.c., 15/5/64-66 .. 86 17 6 — 32 p.c.. 15/9/65 .. 93 15 0 — 32 p.c., 15/9/69 91 15 0 — 32 p.c.. 15/9/74 89 10 0 — 4 p.c., 31/5/54-58 .. —— 99 10 0 4 p.c. 15/8/65-66 .. 95 10 0 — 4J p.c.. 15/6/61 — 99 10 0 4g p.c., 15/6/66-67 .. 99 0 0 — Banks— Aust, and N.Z. 1 14 0 — 1 16 0 — Comm, of Aust. 0 14 6 0 14 9 Pref. 5 10 0 —— E. S., and A. 4 13 0 — Natl, of A’asia, £1 1 5 5 15 9 12s 6d __ 0 15 4 Natl, of N.Z. 17 9 N.S.W. 28 12 6 29 0 0 Breweries— Ballins. ord., c.d. .. 1 8 0 18 6 Pref., c.d. 1 0 0 — Dominion, x.d. 4 14 3 New Zealand, c.d. 2 0 3 <— Tooheys 1 0 0 *K. Westland 2 0 0 —- Frozen Meat— Canterbury 22 15 0 — Pref 6 0 0 — Gear, x d. 13 0 N.Z. Refrig. 1 10 6 1 10 9 Nth. Canty., pref. 1 1 6 —. Southland 3 5 0 — South Otago 7 15 0 — GasAuckland 0 10 3 5s paid .. 0 5 9 0 6 6 Christchurch .. 1 2 6 13 0 Contrib. 0 17 6 0 17 9 Wellington — 1 18 0 Insurance— National 16 3 16 9 New Zealand, c.d. — 4 9 0 Queensland 2 15 0 Standard 1 2 0 — Loan and Agency— C.F.C.A., pref. 2 13 0 — Dalgety "A” 0 9 9 0 10 0 “B" 0 10 0 —. Golds., Mort 15 0 1 5 11 Invincible Bldg. .. —— 4 16 0 Mutual Benefit 18 0 1 10 0 Nat. Mort. “A” __ 0 11 6 "B" 2 18 0 — N.Z.F. Co-op (4’i p.c. Stock. 1960 95 15 0 4J p.c. Stock, 1965 — 92 15 0 23/4/60 95 0 0 95 5 0 N.Z. Farmers’ rts.. •*B” pref. 0 2 10 0 3 0 Ord. 0 3 0 0 3 3 S.l. Finance — 1 9 9 Wright, Stephenson — 2 16 Pref. 10 9 Shipping— Union, pref. .. 12 6 Woollens— Bonds .. .. 0 16 3 0 16 9 Bruce — 1 16 0 Feltex 10 6 N.Z. 1 11 9 N.Z., pref. 1 0 0 Lane. Walker Ind. 1 16 6 1 17 0 Pref 1 0 0 Manawatu 3 17 0 4 3 0 Mosgiel .. .. 2 5 0 Tekau, c.d. .. 1 4 3 1 4 9 Pref., c.d. 0 19 6 Timaru .. .. __ 1 7 0 Wellington 8 15 0 9 7 6 Miscellaneous— Airwork 13 3 Alloy Steel (N.Z.) 1 19 3 Ainal Batt. 1 13 0 Ampol 0 8 3 0 8 6 Andersons. 1st pf. 10 0 Andrews and Beaven, pref. —. 0 19 9 Apex Ice 2 7 6 Aulsebroks. pf. 0 19 6 1 0 0 A. S. Paterson .. 1 15 0 Beath and Co. 2 I 6 Begg and Co., x.d. 2 8 0 2 10 0 C. A. Odlins 2 2 6 Broken Hill Pty. 1 12 4 1 12 9 Colonia) Sugar 32 0 0 32 5 0 Courtaulds 0 15 0 Cyclone Fence, c.d. 1 9 9 Pref., c.d. 10 0 Dorn. Builders 0 10 0 Dom. Fertiliser 2 2 6 Donaghy ’s Rope .. 2 3 0 DEC. 0 19 9 Pref. 1 0 3 Dunlop Rubber 1 2 9 Dunlop. N.Z. 1 1 0 Electro. Zinc. ord. 1 15 0 Pref. 1 14 0 Evans Atlas __ 0 15 1 Farmers' Trading .. 1 19 0 Farrler-Waimak .. 0 18 8 1 ~o 0

Buyers. £ s. d. Sellers. £ s. d. Miscellaneous (cont.) — Dental and Med. i 18 0 Fletcher Holds. .. 16 9 1 17 3 "B” pref. 0 19 3 — *’C” pref. 0 19 3 — Frozen Products .. ~— 0 7 G. J. Coles 0 14 2 0 14 4 Golden Bay Cement 1 5 3 — Griffin and Sons .. 18 3 — Gordon and Gotch 0 14 4 — Hallenstein Bros. .. 1 10 0 — Hay’s. Ltd. 1 4 0 1 4 6 Pref. 1 0 4 — Henrv Be 1 ry, pref. 0 19 8 — Henry Jones 18 0 — Humes J 16 6 1 17 6 Hume (N.Z.), pref. 0 3 1 0 9 A.. N.Z. .. 17 0 — J. Gadsden 1 11 0 —. Pref. 0 19 6 John Chambers .. — 1 10 0 J. Wattie Can. .. J 2 3 K.P. Drugs 5 14 0 5 14 6 McKenzies, c.d. .. 1 2 9 Midland Mot., pref. — 0 19 9 Milburn Lime 1 5 6 Natl. Electric 6 0 0 — N.Z. Express N.Z.F. Fertiliser. 1 0 6 pref., c.d. 1 1 9 —— N.Z. Forest Prods. o 19 0 0 19 3 N.Z. Newspapers .. 1 14 0 — N.Z. Paper Mills 6 6 1 7 0 Norvic Shoes 0 13 0 — ''Otago Daily Times 2 11 3 — Quill. Morris Simnson and Wil1 5 0 — liams 2 12 6 — Skellerup, pref. 0 19 p — Tasman. £1 paid 1 6 0 6 3 Tin Top Ice 0 14 10 0 15 0 Weeks i 11 0 — Whakatane. ord. .. 1 3 9 1 0 Whit, and Tombs .. — 1 17 6 Wm. Cable Hldgs. 1 7 11 1 8 0 Pref. 1 0 Wilsons Cement .. 0 13 8 0 13 9 Woolworths, ord. .. 0 13 — Rights 0 R 0 9 1 Prons. 0 13 9 0 14 3 (N.Z.), ord. 0 1R 3 — (N.Z.). pref. 1 12 0 — Properties, pf. .. 1 0 9 — W. R. Car 'enter .. W R Cooke and 0 13 9 — Son 0 17 0 0 1R 0 Waltons 0 10 10 0 11 3 Truth, x.d. Australian Mining— 1 15 0 1 17 0 Mount Lyell 1 1 8 1 2 0 Minine— Arahura 0 14 0 — Grey River Snowy River 0 0 6 0 2 0