FINANCE AND COMMERCE

Press, Volume XCIV, Issue 28019, 13 July 1956, Page 17

FINANCE AND COMMERCE

Farmers’ Co-op. Rights Active Yesterday

N.Z. Farmers’ Co-operative Association rights were active on the Christchurch Stock Exchange yesterday. Eight parcels, totalling 1817 rights, changed hands, all at steacly prices. The B preference sold for 2s 9d and the ordinaries for 3s.

Electrolytic Zinc, in first local business this week, made a good gain in business at 38s 6d. Mt. Lyell also reflected the improvement in Australian markets, selling for 21s IJd. Whitcombe and Tombs, in first local business for many weeks, were firmer in sales at 365.

N.Z. Insurance dropped 6d to sell at 88s 6d. Woolworths rights sold at the steady price of 9s and at 8s lid. Dalgety A sold fractionally lower at 9s 7d.

N.Z. SHARE TRANSACTIONS

CHRISTCHURCH

AUCKLAND Sales. —Late Wednesday: £1065 15/11/5760, 3 per cent., £93 15s; £lOOO 15/9/59, 32 per cent., £9B 10s; 500 Hauraki Whaling, 6s 3d; 300 Reid Rubber, pref., 19s 9d; 200 Whitcombe and Tombs, 365. Yesterday: £lOOO 15/5/62, 32 per cent., £95 2s 6d; 30 E., S., and A. Bank, £6; 13 Bank of New South Wales, £2B 15s; 47 Dominion Breweries, 975, 150 at 97s 6d. 100 at 97s 7d, 500 at 97s 9d, 100 at 98s, and 50 at 98s 3d; 725 South British, 82s; 200 Alex. Harvey, 29s 3d; 113 A.C.1., 42s 9d, 150 Broken Hill Proprietary, con., 23s 9d; 150 D. Jones, 38s 3d; 200 Electro. Zinc, pref., 37s 6d; 100 H. Jones, 39s 3d; 100 Humes. Ltd., 41s: 100 Milne and Choyce, 52s 9d; 650 Motor Specialties, 445; 600 Forest Products, 18s 6d; 600 N.Z. Newspapers, 355; 150 Reid Rubber, 26s 3d; 100 Sanford, 13s 6d; 200 William Cable. 28s; 2000 Wilson’s Cement, 13s 7d; 700 Woolworths, Sydney, 13s 6d; 700 Whitcombe and Tombs, 365: 100 Mount Lyell, 21s 3d. Unlisted: 500 Auckland Farmers' Freezing, 23s 6d; 200 Waitomo Cement, rights, 3d WELLINGTON Sales.—Late Wednesday: 150 Nation t] Ins., 26s 6d; 100 J. J. Niven, cum, 455; 1489 W’wths., Ltd., rights, 8s lid. Yesterday: 700 3 per cent., 1955-58, £99; 125 A.N.Z. Bank, “B.” 37s 6d; 100 Dominion Breweries, 97s 6d; 100 Union Steam, pref., 22s 9d; 150 A.C.1., 42s 6d;. 521 Frozen Products, rights (3 sales). Is 4d; 400 G. J. Coles (2 sales), 14s Id, and 400 at 14s IJd; 200 J. Wattie Canneries (2 sales), 225, and 100 new. 21s 6d; 100 Milne and Choyce, 52s 9d; 300 N.Z. Forest Products (2 sales), 18s 6d; 200 William Cable. 28s: 125 Woolworths, Ltd., rights, 8s lid, and 2100 (6 sales) at 8s HJd; 500 Woolworths. N.Z., 19s; 500 R. and E. Tingey (unlisted), 7s 9d.

Sales.—Late Wednesday: 150 National Insurance. 26s 6d. Yesterday: 109 N.Z. Paper Mills, 27s 6d. Sales Reported.—s 7 Dominion Breweries. 96s 6d; 150 Wright. Stephenson, ord., 41s; 377 Wool worths, rights, 8s lid, and

OVERSEAS EXCHANGES SYDNEY Business expanded on the Sydney Stock Exchange yesterday, but key industrials. Commonwealth loans, and oils failed to maintain their recent strength and closed irregular. Textiles, metals, and uraniums were firmer. Sales.—Comm. of Sydney, £2O 2s; Comm, of Aust., 18s; National, 12s 6d paid, 18s 7Jd; Bank N.S.W., £3l ss; Tqoheys, 255; Tooths, 45s 3d; A.W.A., 5s paid, 20s IJd; Anthony Hordern, 275; A.C.1., 53s 6d; Bradford Cotton, 395; British Tobacco, 31s; Broken Hill Pty., 40s 9d; Burns Philp, 51s 6d; Colonial Sugar, £39 10s; David Jones, 495; Drug Houses, 325; Dunlop, 29s lid; Email, 10s lid; Electrolytic Zinc, 48s 3d; Felt and Textiles, 255; General Industries, 24s 9d; Goldsbrough, Mort, 30s 9d; Humes, 50s 9d; Henry Jones, 495; Waltons, 13s Id: Wool worths, 16s 9d. and rights 11s 2d; Associatetd News, pref., 18s; Mount Lvell, 25s 9d; Mount Isa, 255; New Broken Hill, 48s 6d; North Broken Hill, £5 19s; Ampol Petroleum, 10s lid; Associated Freney, Is 6d; A.0.E., paid, 3s 9d; Oil Search, 20s 9d; New Guinea Gold, 2s sd; Peko, 7s 8d; Aust. Uranium Corpn., 12s; N.A.U.C., 3s 6d; N.U.D., 8s 4d; Uranium Mines, 8s 4d.

MELBOURNE A more variable tone was recorded in the investment section, but overall a steady tone was displayed. Electro. Zinc dropped Is of recent gains, but A.C.I. improved a similar amount. Trading in selected stocks was heavier. Oil Search failed to hold all of its recent gains and closed 9d cheaper at 20s 7d. Other mining was firmer. North Broken Hill rose 3s to head a stronger silver-lead group. Among uraniums. Northern Uranium improved 9d and Uranium Mines 6d. Sales.—E., S., and A. Bank, £6 3s 6d; N.S.W., £3l; A.W.A., 19s 9d; Goldsbrough, 30s 9d; G. J. Coles, 17s 6d; Myer, 3s 7d; Woolworths, 16s 9d; Ampol, 10s sd, and pre-paid 9s 3d; Associated Pulp, 295; A.C.1., 53s 3d; A.P.M., 21s 4d; Bradford Cotton, 38s 6d; Broken Hill Pty., 40s 4d, and capital paid 29s 6d; Dunlop, 28s lid: Electro. Zinc, 47s 6d; Felt and Textiles. 24s 9d, and pref. 17s 9d; G.M.H., 6 per cent, pref., 21s 9d; Gordon and Gotch, 18s 9d; Herald, 19s 9d; Hume Indust., 19s; Humes, 50s 9d; 1.C.1., 465; Olympic, 7s 2d: Herald, pref., 21s 6d; Broken Hill South. 74s 9d; Mount Isa, 25s 3d; Mt. Lyell. 26s 3d; New Broken Hill. 49s 6d; North Broken Hill. £6; N.A.U.C.’s, 3s 7d; Uranium Development, Is lid; Uranium Mines, 8s; Mt. Morgan, 25s lOd, and pref. 13s 9d; Oil Search, 20s 7d; Santos, 7s 9d; Woodside, 5s sd, and cont. 2s 9d.

LONDON Wedncsdav’s sales of mining securities included:—Broken Hill Pty., 325; Consolidated Zinc, ord., 48s 6d: New Broken Hill, 39s 6d; Mt. Lyell. 21s 6d; Mt. Isa, 20s; Great Boulder, Ils 6d; N.G. Goldfields, Is 9d; Kamunting, 7s 6d: Lake View and Star. 15s 6d; Gold Aust. Development Co., Is 6d.

100 at 9s; 350 Wool worths. N.Z., 18s 9d; 300 Mount Lyell, 21s 3d; £2OO 3 per cent., 1955-58, £99; 300 Whakatane Board, pref., 21s.

QUOTATIONS IN CHRISTCHURCH

Sales on ’Change, Listed Stocks £ s. d. Var’n 500 Dalgety “A” (2 sales) 0 9 7 -Id 1600 N.Z. Farmers’ Coop. “B” pref., rts. (6 sales) 0 2 9 N.C. 100 N.Z. Farmers’ Coop. ord., rights .. 0 3 0 N.C. 200 Whakatane Board Mills 14 0 N.C. 75 Woolworths, rights 0 8 11 -Id 73 Woolworths, rights 0 9 0 N.C Sales Reported, Listed Stocks 50 N.Z. Ins., c.d. 4 8 6 —6d 117 N.Z. Farmers’ Coop. "B” pref., rts.* 0 2 9 N.C. 300 Bonds Hosiery 0 16 6 N.C. 400 D.I.C. 0 19 10 N.C. 200 Electro Zinc 1 18 6 +2/6 100 G. J Coles 0 14 1 N.C. 200 Whit, and Tombs* 1 16 0 — 700 Whit, and Tombs 1 16 0 — 300 Mt. Lyell 1 1 1J H-6d £600 N.Z. Farmers’ Coop. Stock, 1960 96 2 6 — Sales Reported, Unlisted Stocks 599 R. and E. Tingey .. 0 7 9 *Late sales Wednesday. 100 Matea Forests 0 3 9 -3d

£ s. d. Buyers. £ s. d Sellers N.Z. Govt— 3 p.c., 15/2/55-58 . 99 5 0 3 p.c., 15/11/57-60 . 93 17 6 3 p.c., 15/8/59-61 . 93 12 6 3 p.c., 15/4/60-62 . 91 15 0 — 3 p.c., 15/7/62-64 . — 90 5 0 3 p.c., 15/7/63-65 . 89 0 0 89 2 6 3 p.c.. 15/5/64-66 . 87 0 0 — 31 p.c., 15/9/57-60 . 95 5 0 — p.c.. 15/8/58 . — 100 7 6 32 p.c., 15/6/59-60 . 96 7 6 4 p.c., 31/5/54-58 — 99 10 0 4J p.c , Insc., 15/6/61 — 99 10 0 Banks— Com. of Aust., c.c 0 14 6 — Pref., c.d. 5 12 6 5 15 0 E., S. and A. 5 19 0 — Nat. of A’asia. £ 1 4 6 15 6 N.S.W. 28 15 0 — Breweries— Ballins, ord., c.c 1 7 11 — Pref., x.d. 0 19 10 — Dominion 4 17 6 —- New Zealand 2 0 0 — 10s paid 12 6 — Westland 2 0 0 — Frozen MeatCanterbury 23 0 0 —— Pref. 6 0 0 —— Gear * 1 3 6 N.Z. Refrigerating 1 10 9 1 11 0 Nth. Canty., pf. . 116 Southland 3 6 6 — GasAuckland 0 10 3 — 5s paid 0 8 0 — Christchurch 1 2 8 1 3 6 Cont a .. 0 17 6 0 18 4 Wellington — 1 17 0 Insurance— F.A.M E. 1 10 6 National 16 7 New Zealand 4 7 6 4 9 0 Queensland 2 15 3 Standard 12 6 — Loan and Agency— C.F.C.A., pref. 2 13 0 2 17 6 Dalgety “A” 0 9 5 0 9 9 “B” 0 10 0 — Goldsbrough, Mori 14 9 1 5 6 Mutual Benefit 17 6 1 10 0 Nat. Mort. “A” . 0 11 6 — NZ.F. Co-op., ord rights — 0 3 1 “B” pf., rts. 0 2 6 0 2 9 4J p.c. Stk„ ’60 . 96 0 0 96 5 0 44 p.c. Stk., ’65 . — 92 15 0 S.I. Finance __ 19 9 United Building . 0 IB 6 —— ShippingUnion. pref. 12 6 13 0 TimberKauri —— 13 0 Putaruru, pref. — 10 0 Woollens— Bonds 0 16 3 0 16 9 Bruce •« . 1 14 6 — Feltex 10 0 — N.Z. 1 11 9 —— N.Z., pref. 10 3 —— Korma Tex., pref 0 15 6 — Lane, Walker Ind pref. 10 3 — Manawatu —— 4 3 0 Tekau. c.d. . 15 0 Timaru 1 7 0 Wellington . — 9 10 0 Miscellaneous— Alloy Steel (N.Z.) 1 19 3 — Amal. Batt. 1 13 0 ** Ampol 0 8 7 0 8 9 Andersons, 1st pref 10 0 Apex Ice 2 7 6 — Aust. C.I. . 2 2 6 — Begg and Co. 2 9 0 — Brit. Tobacco 15 0 16 2 A.W.A. 0 15 9 0 16 0 Broken Hill Pty. . 1 12 9 1 13 3 Cory Wright 13 9 — Pref. — 1 0 3 Claude Neon N.Z 2 9 0 Colonial Sugar 32 0 0 32 5 0 Courtaulds 0 14 7 0 15 6 Cyclone Fence, c.d 1 10 0 __ Pref, cd. 1 0 0 Dom. Fertiliser 2 3 0 — Donaghy's Rope . 2 2 6 —— D.I.C. 0 19 9 Pref. 10 3 — Dunlop, N..Z. 1 1 0 — Pref. 0 15 3 — Electro. Zinc, ord. 1 18 3 — Electro. Zinc, pref. 1 17 0 — Evans Atlas — 0 15 0 Farrier-Waimak 0 18 6 10 0 Fletcher Holdings — 1 16 6 Frozen Products, rts. 0 1 4 — G. J. Coles 0 14 1 Greater Crystal 10 6 12 0 Griffin and Sons . 2 0 0 — Hallerstein Bros. pref. 5 0 6 — Hay’s. Ltd. 14 0 14 6 Pref. — 110 Henry Berry, pref 0 19 9 — Humes 1 19 6 — (N.Z.). pref. 10 0 I.C.I., A., N.Z., c.d 1 16 6 J. Gadsden 1 11 6

Buyers. £ s. d. Sellers. £ s. d. Miscellaneous— Pref. 0 19 9 John Chambers 19 0 J. Wattie Can. .. 12 3 New 12 0 K.P. Drugs 5 14 6 Mason. Struthers. £1 paid __ 1 12 6 McKenzies, x.d. 12 6 Midland Mot., pref. 1 0 0 Milburn Lime 16 6 National Electric .. 6 2 6 N.Z. Cement, 10s paid 0 10 0 N.Z. Express 1 1 6 N.Z.F. Fert., pref.. c.d. 1 2 3 N.Z. Forest Prods. 0 18 5 0 18 7 N.Z. Indust. Gas .. 19 0 1 11 0 N.Z. Newspapers .. 1 14 6 Norvic Shoes 0 13 3 Reid Rubber 16 0 Ross and Glendining — 19 0 Silknit 0 13 0 Skellerup, pref. .. 0 19 9 — Tip Top Ice 0 14 9 Weeks 1 11 6 Whakatane. ord. .. 13 9 14 3 Pref. 10 9 Whit, and Tombs .. 1 15 9 1 17 0 Will. Jeffery 13 0 W’worths, drd. 0 13 5 Rights 0 8 11 0 9 0 (N.Z.), ord. 0 18 9 —_ Pp., pref. 110 W. R. Cooke and Son 0 17 0 Waltons 0 10 11 0 11 6 Truth (N.Z.) 1 14 6 1 15 0 Aust. Mining— Mount Lyell 1 1 0 Oil Search 0 16 6 Mining— Arahura 0 14 0 — Kanieri 0 12 0 — Snowy River 0 1 3 — UNLISTED STOCKS Andrews and Beaven '10 0 14 0 Deaths. 19s on dep. — 1 12 9 Buntings 1 10 0 1 13 0 Booth, Macdonald 0 1 1 — Canty. Seed 18 6 1 10 0 Europa (N.Z.), pref. 1 11 6 1 13 6 Finance and Discount. nref. — 0 18 6 Kaiapoi Woollen .. 13 0 Matea Forests 0 4 0 Prudential Bldg. .. 0 19 0 Radio Corpn. 0 15 0 Regent Theatre 10 0 R. and E. Tingey .. 0 7 6 — Scales 0 12 6 0 13 6 Vigilant Alarms .. — 0 8 0