FINANCE AND COMMERCE

Press, Volume XCV, Issue 28180, 19 January 1957, Page 8

FINANCE AND COMMERCE

Market Quieter But

Still Firm

Business recorded yesterday by the Christchurch Stock Exchange fell away from the previous day’s high level but was well spread through the quotation list.

Gains again outnumbered falls, though a higher proportion of prices than earlier in the week were unchanged. In their first local business of 1957 A.N.Z. Bank, Ampol and B.H.P. made gains comparable with those shown earlier by other Australian issues. Coles improved slightly and Woolworths sold fractionally lower.

Skcllerup preference and Ballins Breweries each had their first local sales for the year, the preference issue being slightly firmer and the brewery shares selling’3d lower than before Christmas. N.Z. Refrigerating, Whitcombe and Tombs, new, and Woolworths, N.Z., also reappeared on the sales list, all at unaltered prices.

N.Z. SHARE TRANSACTIONS

CHRISTCHURCH Sales on Change, Listed Stocks

OVERSEAS EXCHANGES SYDNEY Leading industrials were slightly easier on the Sydney Stock Exchange yesterday. Textiles were quiet and steady, metals very steady, oils irregular, uraniums easing. Commonwealth loans easier. Sales.—A.N.Z. Bank, 47s 6d; Commercial of Sydney, £2O Ils: Nat., 12s 6d paid, 20s 9d; Bank N.S.W., £34 15s; Tooheys, 25s 4*,id; Tooths, 48s; A. Hordern, 28s 9d; A.C.1., 60s; British Tobacco, 35s 6d; Broken Hill Pty., 465; Burns Philp. 525; Colonial Sugar, £43 12s 6d; Courtaulds, 19s 9d; Drug Houses, 31s 4’id; Elec. Zinc, pref., 73s 6d; Email, 8s 6d; Goldsbrough Mort, 35s 9d; Henry Jones. 55s 6d; Huddart Parker, 48s 3d; 1.C.1., 47s 6d; Morts Dock, 12s 9d; Waltons, 14s 9d; Woolworths, . 17s 7 ,/ 2 d; Mount Lyell. 31s 3d; Mount Isa, 38s; South Broken Hill, 88s 6d; Ampol Petroleum. 12s 7d; Ampol Exploration, 15s 6d; Associated Freney, 2s lid; A.0.E., paid, 5s Id; Oil Search, Ils 4d; rights, 6s Id; New Guinea Gold, Is lOd; N.A.U.C., 6s; Com. Mining, 12s 4d. MELBOURNE The upward trend of the investment market was checked slightly yesterday. Electrolytic Zinc rose a further Is 3d, but A.C.I. dropped Is more. Herald shares were active at steady prices, after the reported acquisition of the fixed assets of the Argus and Australasian, Ltd., a Melbourne daily morning paper. Overall trading was heavy. Little interest was displayed in a quiet mining sec-

Sales.—Late Thursday: £lOOO 15/5/62, 32 p.C„ £95; 291 A.C.1., 48s 6d; 75 N.Z. Refrigerating, 33s 9d; 100 Union Oil, 275; 100 Mount Lyell, 255. Yesterday: £430 15/6/61-64, 3 d.c., £BB 10s: £3OO 15/7/63-65, 3 p.c., £B7; £2OO Auckland City, 1/11/59, 42 p.c., £9B 12s 6d; £6OO Dunedin City, 1/4/59, 4 p.c.. £9B 15s; 600 Comm. Bank Australia, 14s 6d; 44 Dominion Breweries, rts., 26s 4d; 50 N.Z. Breweries, 435; 205 Tooths Breweries, 38s 4|d; 325 N.Z. Insurance, 82s; 150 South British Insurance. 80s; 350 Newton King, pref., 21s: 300 Wright, Stephenson, 375; 100 8.H.P., 36s 101 d, and 200 at 375; 150 Burns, Philp, 425; 850 Claude Neon. South Africa, Is 3d; 100 National Pictures. Us: 10,000 Tasman, 23s 6d; 900 Wilson’s Cement, 12s 8d; 500 Woolworths, N.Z., 18s; 200 Waihi Invests., 3s.

Sales.—Commercial Bank, 18s; E., S., and A.. £9; A.W.A., 9s lid; Goldsbrough, 35s 6d; G. J. Coles, 19s sd; Myer, 16s; Woolworths, 17s 8d; Ampol, 12s lid; 1955 issue, 12s 3d; and. options. 2s: Associated Pulp, 355; A.C.1., 595; A.P.M., 24s 6d: pref., 19s; British Tobacco, 35s 6d; Broken Hill Pty., 46s 6d; Courtaulds, 19s 9d; Dunlop. 355; Electro. Zinc, 745; Felt and Textiles, 23s lOd: Gordon and Gotch, 19s: Henry Jones, 55s 9d; Herald, 265; and, pref., 21s 9d; Humes, 51s 9d; and, pref., 22s 6d;1.C.1., A., N.Z., 47s 6d; Kauri. 26s 4d and 10s, paid, 15s; N.Z. Forest, 225; Olympic, 7s sd; and, pref., 18s 6d; Broken Hill South, 88s 6d; Mount Isa, 37s 9d; Mount Lyell, 31s; North Broken Hill. £7 8s 6d; Commonwealth Mining. 12s 4d; N.A.U.C., 6s Id; Uranium Mines. 12s sd; Mount Morgan, 20s 3d; Ampol Exploration, 15s 6d; Oil Search, Ils 3d; and, rights, 6s 2d; Santos. 6s 9d; Woodside, 3s 9d; and, contr., Is 7d,

WELLINGTON Sale*.—Late Thursday: £lOOO 32 p.c., 1962, £95; 5 Colonial Sugar, £35. Yesterday: £l2OO 3 p.c., 195558, £99 10s; £4OO 3 p.c.. 1962-64, £BB ss; £2OO 32 p.c., 1958, £100; 10 Bank N.S.W., £29 15s; 150 N.Z Breweries (2) 435; 83 Dom. Brew., rts. (2), 26s 3d; 206 N.Z. Refrigerating, 34s 6d; 100 N.Z. Insurance, ’ 81s 6d. and 200 at 82s; 150 South British, 80s; 2400 Wright, Stephenson (2), 375; 900 8.H.P., 36s 9d. and 200 at 375; 100 D.1.C., 17s 3d; 100 McKenzie, 235: 100 Forest Products. 18s: 1000 Tasman Pulp, 23s 6d; 900 Woolworths, Sydney (2), 14s 3d; 700 Woolworths, N.Z. (3) 18s. DUNEDIN Sales.—Yesterday: 100 Waitaki Farmers’ Freezing. 30s; 100 Woolworths. Ltd., 14s 4d; 50- South British Insurance. 80s; 304 Broken Hill Proprietary, 375. Sales Reported.—2oo Southland Frozen Meat. 71s; £065 3 pc 15/4/60-63, £9O ss: 275 Waitaki Farmers’ Freezing, 30s; 50 South British

LONDON Sales of mining securities on Thursday included: Broken Hill North, £5 15s 6d: Broken Hill South 68s 9d; Broken Hill Pty., 36s 10 Consol. Zinc, ord., 78s 9d, and, pref., 13s lO’od.

Insurance. 80s; 100 John Chambers and Son, 225.

QUOTATIONS IN CHRISTCHURCH

TIMARU WOOL PRICE UP 7D PER LB (New Zealand Press Association) TIMARU, January 18. The first main wool sale in Timaru. on December 14. yielded £2,536.959 at an average a bale of £76 5s 9d. The following figures were issued by the South Canterbury Wool Brokers’ Association. Bales offered. 33.296: sold, 33.256; net weight. 10.853.8061 b: proceeds. £2,556.959 Is 7d: average, £76 5s 9d: average per lb. 56.21 d, Compared with the December, 1955. main sale at Timaru, the average price per lb shows an increase of 7.13 d, or 15 per cent. Although the weight of wool sold fell 162.5291 b from last year’s record figure, the proceeds rose £283.784, or 13 per cent.

Griffin and Sons.—The company advises that the annual balance date has been changed from June 30 to March 31. The change will become effective at March 31 this year. The next directors’ report to shareholders and the next accounts will cover the nine months from July 1, 1956, to March 31, 1957. The 3 per cent, interim dividend on paid-up ordinary share capital will be paid on January 31, instead of in April.—(P.A.) Martha Gold Mining (Waihi). —The share register of the company, which is in voluntary liquidation, will be closed permanently on February 1, 1957, preparatory to the payment of the final distribution.—(P.A.)

£200 Hutt Vai. D.B., £ s. d. Var’n. 5/5/62 95 5 0 — 100 Ballins Brew. 1 9 9 —3d 100 N.Z. Brew. .. 2 3 0 N.C. 100 Whit. and Tombs. new 1 10 6 N.C. 100 W’wths. 0 14 3 —Id Sales Reported, 1 Listed Stocks £200 3 p.c., 1957-60 93 15 0 67 A.N.Z. Bank 1 15 0 + 1/6 100 Ballins Brew. 1 9 9 —3d 200 N.Z. Refrig. 1 14 6 N.C. 100 Nat. Mort. B, c.d. 0 7 0 N.C. 438 Ampol (3) .. 0 10 6 +5d 309 B.H.P. 1 17 0 + 1/3 150 Burns Philp 2 2 0 5 Col. Sug. 35 0 0 N.C. 390 G. J. Coles 0 15 6 + ld 100 Marlborou g h Lucerne 1 1 0 — 100 For. Products 0 18 0 N.C. 100 Skellerup, pf. 0 19 0 4-3d 500 W’wths., N.Z. 0 18 0 N.C. 200 Mt. Lyell .. 1 5 0 N.C. AUCKLAND

Buyers Sellers £ s. d. £ s. d. N.Z. GOVT.— 3 p.c., 1572/55-58 .. 99 0 0 3 p.c., 15/4/56-59 .. 96 12 6 3 p.c., 15/11/57-60 93 12 6 93 15 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 10 0 3 p.c., 15/5/64-66 .. 86 7 6 — 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 32 p.c., 15/9/65 .. 93 0 0 .. 32p.c., 15/9/74 88 12 6 _... 4 p.c., 31/5/54-58 .. 99 2 6 4 p.c., 15/8/65r66 .. 94 15 0 ..... 4g p.c., 1959 99 0 0 Local Body. co. debs.— Chch. Drainage, 4 p.c., 31/5/62 — 95 15 0 BANKS— Aust and N.Z. .. 1 15 0 —— “B” .. 1 17 0 Comm, of Aust., c.d. 0 14 6 Comm, of Sydney, x.d. .. — 16 10 0 E., S. and A. 7 3 6 _— N.S.W., c.d. 29 15 0 — BREWERIES— Ballins, ord. — 1 9 9 Pref. 0 19 0 Dominion, rts. .. 1 6 3 — New Zealand 2 3 0 Swan — 0 7 9 FROZEN MEAT— Canterbury, c.d. .. 25 15 0 Pref., c.d. 6 7 6 — N.Z. Refrig.' 1 14 6 1 14 9 Waitaki .. .. 1 9 0 — GAS— Christchurch 1 1 9 1 2 6 Contrib. 0 16 3 0 18 0 Wellington «. 1 15 0 —- INSURANCEFAME 1 10 0 1 12 0 National ___ 1 6 9 New Zealand 4 1 3 4 2 0 South British — 4 0 0 Standard —. 1 1 6 LOAN AND AGENCY— C.F.C.A., ord. .. — 1 10 0 Chch Building .. 15 10 0 — Dalgety “A” 0 11 4 0 12 0 “B” 0 11 6 0 12 0 Invincible Bldg. .. — 4 10 0 Mutual Benefit .. 1 7 0 —— Nat. Mort. “A,” c.d. 0 6 7 — “B.” c.d. 0 6 9 —. N.Z.F. Co-op. — 0 14 0 1st pref. 0 14 6 — “A” pref. — 0 14 3 “B” pref. — 0 14 2 4J p.c. Stk., 1960 95 5 0 —— N.Z. Guar. Corp. 0 1 10 — Farmers’ Tdg. — 1 2 6 Perp. Trustees 2 3 O — S.I. Finance 1 7 0 United Building .. 0 18 0 — Wright, Stephenson, c.d. 1 17 0 — Pref, c.d. 1 1 3 1 1 9 SHIPPING— Hud. Parker, pf. 0 15 0 — Northern — 0 10 0 TIMBER— Kauri .. 1 0 0 1 1 6 Taupo Totara .. — 2 1 0 WOOLLENS— Bonds — 0 16 6 Bruce .. — 1 12 9 Feltex 0 19 0 0 19 9 Pref. .. 0 19 6 — Lane. Walker Ind. 1 15 0 1 17 0 Pref. 0 19 6 — Tekau, c.d. 1 3 9 -—• Pref., c.d. 0 19 0 0 19 6 Timaru 1 2 6 — Wgtn. “B,” pref. 1 1 6 — MISCELLANEOUSAlloy Steel, N.Z. — 2 6 C Ampol 0 10 6 0 10 9 Andersons. 1st pf. 0 19 6 — And. and Beaven, pref. 0 18 0 — Apex Ice 2 8 6 —- jlsebrooks, pf. 0 18 3 - And. and Beaven, ord. — 2 1 6 Aust. C.I. 2 8 3 2 8 9 Begg and Co. .. 2 12 3 — British Tobacco .. 1 7 9 : 8 6 Broken Hill Pty. 1 16 6 1 17 0 Burns. Philp 2 1 0 — C o u ] 1 s, Somerville — 1 3 0 Colonial Sugar .. 35 2 6 Courtaulds 0 15 6 — Cyclone Fence 1 9 0 — Pref. .. 1 0 0 — Dom. Builders — 0 11 0 Donaghy's Rope 2 3 6 2 4 3 D.I.C., pref. 0 19 9 ■ —

Buyers. £ s. d. Sellers. £ s. d. Miscellaneous (contd.)— □unlop, N..Z., pref. 0 15 6 Electro. Zinc, ord. 2 16 0 2 19 o Evans Atlas 0 14 Farmers’ Tdg. 1 16 6 Fletcher Holdings 1 10 0 “B” pref. — 0 19 6 “C” pref. — 0 19 0 G. J. Coles 0 15 6 Hauraki 0 5 0 Hay’s, Ltd. 1 4 3 4 9 Pref., c.d. 2 0 Humes 2 2 6 Pref. 0 19 6 J. Gadsden 1 15 Pref., x.d. 0 19 6 J. Wattie Can. .. 1 2 3 1 2 9 K.D.V. Boxes 0 10 9 K.P. Drugs 6 0 0 Maling, pref. — 0 19 9 McKenzies — 1 3 9 Midland Mot., pf. 0 0 Milburn Lime . 1 6 6 N.Z. Cement 0 8 3 N.Z.F. Fert., pf. 1 1 6 N.Z. Forest Prods. 0 17 10 0 18 i N.Z. Newspapers — 12 0 N.Z Paper Mills 1 6 6 Quill Morris 1 5 6 Reid Rubber 1 4 6 Pref. 0 19 6 Skellerup. pref. .. 0 18 9 Tasman, £1 pd. .. 1 3 0 Tip Top Ice 0 13 0 Weeks 1 10 0 1 12 0 Pref. Whit, and Tombs, 0 19 3 new 1 10 0 Wm. Cable Hdgs. 1 4 0 1 4 3 Wilsons Cement .. 0 12 6 W'worths., ord. .. 0 14 2 0 14 4 Props. 0 13 9 0 15 0 Waltons 0 12 0 0 12 1 OVERSEAS listings— W’wths. (S.A.) .. 0 12 11 0 13 8 AUST. MINING— Mount Lyell 1 4 9 Oil Search 0 9 2 UNLISTED STOCKS Beaths, 19s on dep. ] 8 0 Booth Mac. 0 0 1 0 0 Buntings 1 10 0 Cant by. Seed — J 9 0 Cantby. Saleyards Mercer. J., pf. .. 2 12 1 1 6 3 1 1 8 Regent Theatre .. 1 0 0 R. and E. Tingey —. 0 7 6 Vibrapac Blocks.. 1 2 3 Vigilant Alarms .. — 0 8 0