FINANCE AND COMMERCE

Press, Volume XCV, Issue 28179, 18 January 1957, Page 15

FINANCE AND COMMERCE

Australian Shares Again Firmer

Australian-domiciled shares were again firmer in business recorded yesterday by the Christchurch Stock Exchange. National Bank of Australasia, Bank of N.S.W., Australian Consolidated Industries, Colonial Sugar, Coles, Waltons, Woolworths and Mount Lyell all recorded advances over previous Christchurch business.

Transactions in these securities comprised most of the business, which totalled more than last year’s daily average. National Mortgage B, cum dividend, had first local business of the year, at last year’s closing price of 7s. Standard Insurance and Forest Products eased slightly. N.Z. SHARE TRANSACTIONS

CHRISTCHURCH

•Late sale Wednesday. AUCKLAND Late Sales.—Wednesday: £5OO 15/11/57-60 3 per cent., £93 12s 6d: 100 National Insurance, 26s 6d: 250 N.Z. Insurance. 81s 6d; 100 Waltons. 12s 3d; 200 William Cable, 245. Sales yesterday: 100 Tasman 30/9/65, 5 per cent., £93 ss; 350 Com. Bank Aust., 14s 6d; 400 Dominion Breweries, 87s; 242 rts., 26s 3d and 20 at 26s 4d: 1000 Natl. Mortgage A, 6s 7d; 1450 Wright, Stephenson. 375; 200 B.H. Pty., 36s 9d; 200 Burns, Philp, 425; 30 Bycroft, 36s 6d; 500 Fletchers, 30s: 200 Coles. 15s 6d: 100 J. Wattie, 22s 6d; 100 Wilson’s Cement, 12s 9d; 200 Woolworths N.Z., 18s; 1000 Woolworths, Sydney, 14s 4d; 100 Mt. Lyell, 255; 100 Winstone (unlisted), 41s. WELLINGTON Sales.—Late Wednesday: 50 Bank New South Wales, £29 12s 6d; 100 South British, 80s; 10 Colonial Sugar (Sydney), £35; 100 G.J. Coles. 1 5s 4d; 1000 Woolworths, Sydney, 14s 3d. Yesterday: £lOOO 3 per cent., 1956-59. £96 12s 6d; £3BO 3 per cent., 1957-60, £93 12s 6d; £5OO 3 per cent., 1959-61, £93 7s 6d; 350 Commercial Bank Aust., 14s 6d; 400 Dom. Brew., 87s and 80 rts., 26s 6d; 250 N.Z. Brew., 435; 300 Auckland Gas, cont., 5s 3d; 1250 Wright, Stephenson, 375; 100 8.H.P., 36s 6d; 200 Farmers’ Trading, 37s 9d; 60 Fletcher Holdings (2), 30s; 400 Coles, 15s sd; 500 N.Z. Forest Products, 18s Id; 1828 Woolworths Sydney (3), 14s 3d. DUNEDIN . .Sales.—Yesterday: 200 Wool worths, Ltd. (2 sales), 14s 4d; 142 National Mortgage “B,” 7s; 300 Wright. Steph. (2), 375. Sales reported: 200 Fletcher Holdings, 30s; 100 Southland Frozen Meat, 71s; 200 N.Z. Forest Products, 18s; 194 Woolworths, Ltd.,

14s 3d; 100 National Mortgage A, new, 6s 9d. INVERCARGILL Sales Reported.—4l2 Woolworths, 14s 3d; 200 Southland Frozen Meat, 71s; £lOOO 32 per cent., 1965, £93 ss; 100 Standard Insurance, 21s 6d.

OVERSEAS EXCHANGES SYDNEY Leading industrials were very steady to firmer on the Sydney Stock Exchange yesterday. Textiles were quiet but steady, metals firm, oils irregular, uraniums barely steady. Commonwealth loans very steady. Sales.—Com. of Sydney, £2O 13s; National, 12s 6d paid, 20s 9d; National, 20s paid, 345; Bank N.S.W., £35; Tooheys, 255; Tooths, 48s 3d; A. Hordern, 28s 9d; A.C.1., 61s; British Tobacco, 35s 6d; Broken Hill Proprietary, 46s 3d; Colonial Sugar, £43 ss; Drug Houses, 31s 3d; Dunlop, 34s 9d; Email, 8s 7d; General Industries, 245; Henry Jones, 55s 6d; 1.C.1., 47s 6d; N.Z. Forest, 21s 9d; Waltons, 14s 9d; Woolworths, 17s 7£d; Associated News, pref., 17s; Mount Isa, 38s; North Broken Hill, £7 10s 6d; Ampol Exploration, 14s 9d; Associated Freney, 3s 2Jd; A.0.E., paid, 4s lid; Oil Search, Ils 6d, and rights, 6s 3d; Peko, 8s lOd; Australian Uranium Corporation. Is lid; N.A.U.C., 6s 3d; Uranium Mines, 12s 6d; Com. Mining, 12s 2d.

MELBOURNE Trading expanded in the investment section, with a few selected stocks recording heavy turnovers. Profit taking reduced the price of some issues, but over all a firm tone was maintained. Few changes were recorded in a quiet mining market, and trading was lighter. Sales.—Adelaide Bank, 39s 9d; Commercial, 18s 2d; Carlton Brewery 21s; A.W.A., 9s lid; G. J. Coles, 19s 4d; Myer, 16s 9d; Ampol, 13s, and 1955 issue, 12s 2d; Associated Pulp, 35s 3d; A.C.1., 60s 6d; A.P.M., 24s 6d; British Tobacco, 35s Cd; 8.H.P., 46s 3d; Courtaulds, 19s lOd; Dunlop, 34s 9d; Electro. Zinc, 72s 9d, and pref., 72s 9d; Felt and Textiles, 23s 6d; General Industries, 24s 6d; Gordon and Gotch. 19s 3d; Herald, 25s 6d, and pref., 19s 6d: 1.C.1.A.N.Z., 47s 9d; Kauri Timber, 25s 6d; Broken Hill South, 88s 6d; Consolidated Zinc, 975, and pref., 16s 3d; Mount Isa, 38s; North Broken Hill, £7 9s; Commonwealth Mining, 12s fid; N.A.U.C., 6s sd: Uranium Development, Is 9Jd; Uranium Mines, 12s 7d; Mount Morgan, 20s Id; Amool Exploration. 14s 9d; Oil Search, Ils 4d, and rights. 6s 3d; Santos. 6s 3d; Woodside. 3s 9d, and contrib., Is 7d.

QUOTATIONS IN CHRISTCHURCH

Sales on Change, Listed Stocks £ s. d. Var’n. £200 3 p.c., 1961-63 89 10 0 — 400 Nat. Bank A'asia. (2) .. 1 7 0 4-1/-10 Bank N.S.W., c.d. .. 29 15 0 4-2/6 300 Fletcher Hold. 1 10 0 N.C. 200 For. Products 0 18 0 —2d 900 W’wths. (2) 0 14 4 4-ld 200 Mt. Lyell .. 15 0 — Sales Reported, Listed Stocks £400 Hutt Valley D.B. 4 p.c., 5/5/62 .. 95 5 0 — 100 N.Z. Brew. .. 2 3 0 N.C. 500 N.Z. Insur. 4 16 N.C. 100 Standard Ins. 116 —6d 1300 Nat. Mort. “B,” C.d., (2) 0 7 0 N.C. 266 A.C.I. .. 2 8 6 4-1/6 10 Col. Sugar .. 35 0 0 +2/6 625 G. J. Coles* 0 15 5 4-5d 400 Waltons (2) 0 12 0 4-6d

Buyers Sellers £ s. d. £ s. d. N.Z. GOVT.— 3 p.c., 15/2/55-58 .. 99 0 0 —» 3 p.c., 15/8/59-61 .. 93 7 6 —— 3 p.c., 15/4/60-63 .. 90 5 0 —- 3 p.c., 15/7/61-63 .. 89 7 6 — 3 p.C., 15/6/61-64 .. 88 5 0 88 12 6 3 p.c., 15/5/64-66 .. 86 5 0 — 3j p.c., 22/5/60 .. 94 0 0 97 0 0 33 p.c., 15/8/58 .. 99 10 0 — 33 p.c., 15/6/59-60 96 5 0 — 3 p.c., 15/5/62 .. 95 0 0 —— 4 p.c., 31/5/54-58 . . 99 0 0 — Local Body. co. debs.— Hutt Valley Drainage, 4 p.c.. 5/5/62 — 95 15 0 BANKS— Aust, and N.Z. .. 1 15 0 “B” 1 17 0 WM Comm, of Aust., c.d. 0 14 5 — Pr-i., c.d. 5 15 0 Comm, of Sydney, x.d. .. — 16 10 0 E., S. and A. 7 4 0 — National of A’asia (£1) 1 6 9 17 3 N.S.W., c.d. 29 15 0 — BREWERIES— Ballins, ord. 1 9 6 1 10 0 Pref. .. 0 19 0 WM Dominion, rts. .. 1 6 3 MW Niew Zealand 2 2 10 — FROZEN MEAT— Canterbury, pref. 6 7 6 w— N.Z. Refrig. 1 14 3 1 14 9 Nth. Canty., pf. 1 ] 0 — Waitaki 1 5 6 — GAS— Christchurch 1 1 6 13 0 Contrib. .. 0 16 3 •— INSURANCE— National •• 1 6 5 16 6 New Zealand — 4 2 0 South British — 4 0 0 Standard —— 117 LOAN AND AGENCY—

C.F.C.A.. ord. 1 10 0 Chch. Building .. 15 10 0 — Dalgety "A” 0 11 3 — “B” 0 11 6 — Invincible Bldg. .. — 4 10 0 Mutual Benefit .. 1 7 0 —— Nat. Mort. "A,” c.d. 0 6 7 0 7 0 “B,” c.d. 0 6 9 0 7 3 N.Z.F. Co-op.. 1st pref. 0 14 6 — “A” pref. —• 0 14 3 "B” pref. — 0 14 2 4i p.c. Stk., 1960 95 0 0 — N.Z. Guar. Corp. 0 1 10 — Farmers’ Fin. __ 1 2 6 Perp Trustees .. 2 3 6 «— S.I. Finance 1 7 0 — Unitea Building .. 0 18 0 — Wright, Stephenson, c.d. 1 16 0 Pref., c.d. 1 1 0 SHIPPING— Hud. Parker, pf. 0 15 3 P. and O. 1 12 0 TIMBER— Taupo Totara .. —— 2 1 0 WOOLLENS— Bonds .. .. 0 16 0 — Bruce .. .. —. 1 12 9 Feltex — 0 19 6 Feltex, N.Z'., pref. —— 0 19 6 Lane. Walker Ind. 1 15 0 1 17 0 Tekau, c.d. 1 3 9 —— Pref., c.d. — 0 19 6 Timaru 1 2 6 — Wgtn. "B,” pref. 1 1 0 — MISCELLANEOUS— A.W.A. .. 0 8 0 Alloy Steel, N.Z. — 2 6 0 Ampol 0 10 4 0 10 10 Andersons, 1st pf. 0 19 6 —— And. and Beaven, pref. 0 18 0 — Apex Ice 2 7 0 — Aulsebrooks, pf. 0 18 0 — Aust. C. I. 2 8 0 —— Avon Metal — 0 8 3 Beath and Co. .. — 1 19 0 British Tobacco .. 1 7 9 1 8 .6 Broken Hill Pty. 1 16 6 1 16 9 Burns. Philp 2 0 0 2 3 0 Cory - Wright and Salmon —— 1 3 0 Colonial Sugar .. 35 0 0 C o u 11 s, Somerville 1 11 0 — Cyclone Fence .. 1 9 0 — Pref. .. • • 1 0 0 Dom. Builders .. —— 0 11 0 D.I.C., pref. 0 19 9 —— Dunlop, N..Z., pref. 0 15 6 — Electro. Zinc, ord. 2 15 0 —— Pref. .. 2 15 0 — Evans Atlas — 0 14 6 fletcher Holdings —- 1 10 0 "B” pref. —. 0 19 6 “C” pref. .. 0 18 6 0 19 3 G. J. Coles 0 15 4 0 15 6 Hauraki .. — 0 5 3 Hay’s, Ltd. 1 4 3 1 4 9 J. Gadsden .. 1 15 6 —— Pref., x.d. 0 19 7 J. Wattie Can. .. 1 2 6 1 2 9 K.D.V. Boxes 0 10 9 — K.P. Drugs 5 16 6 5 19 0 M.C.P. — 0 5 3 Midland Mot., pi — 1 0 0

Buyers. £ s. d. Sellers. £ s. d. Miscellaneous (Contd.) — Milburn Lime — 16 6 M.K. Mfrs. 0 9 6 N.Z. Cement 0 8 6 N.Z. Forest Prods. 0 17 9 0 18 0 N.Z. Paper Mills 16 6 Norvic Shoes 0 14 3 Quill Morris 15 6 —- Reid Rubber 14 6 —— Pref. .. .0 19 6 — Ross and Glend. 15 6 — Skellerup, pret. .. 0 18 6 Tasman, £1 pd. .. 13 3 — Weeks, pref. 0 19 0 — Whit, and Tombs, new —- 1 11 0 W’worths., ord. .. 0 14 3 0 14 4 (N.Z.) ord. 0 18 0 0 18 1 (N.Z.) pf. 1 12 0 Prop., pref. 1 1 0 — OVERSEAS LISTINGS— V’wths. (S.A.) .. 0 12 11 0 13 8 XUST. MINING— Mount Lyell 14 9 15 0 UNLISTED STOCKS Buyers. Sellers. £ s. d. £ s. d. Amuri Lime 0 18 0 Heaths, 19s on dep. 18 0 Booth Mac. 0 0 1 0 1 0 Buntings 1 10 0 ■— Cantby. Seed ■ —- 19 0 Cantby. Saleyards 2 12 6 —— Fin. and Disc., pf. —- 0 18 6 Ord. — 1 1 6 John Bulleid 0 7 6 — Mercer.. J., pf. .. 113 119 M. O'Briens .. — 16 0 Pruden. Bldg. 0 15 2 0 17 0 Reece, E., ord. .. 0 6 6 — Regent Theatre .. 10 3 — R. and E. Tingey — 0 7 6 Scales 0 12 0 Vibrapac Blocks .. 1 2 3 —— Vigilant Alarms .. 0 5 0 0 8 0 Waikari Lime, 17s 6d pd. 15 0 — .