FINANCE AND COMMERCE

Press, Volume XCV, Issue 28237, 27 March 1957, Page 17

FINANCE AND COMMERCE

Markets Active, Prices Variable

Business on the Christchurch Stock Exchance Lo S 7?K e r d £45 of GovemS total Of the Th an t rl ? htS ~ the hi « hest dad Y selected stncU ™P ? busmess was confined to Breweries 1 and w* . turn ° ver of New Zealand Breweries and Woolworths was the heaviest recorded for many months. Heaviest Price movements were variable. J Watties Canneries sold at 28s, 1s 3d above the price paM two months ago when the shares last changed hands “ ai^ lstchl ? rch .- New Zealand Breweries were again firmer in six sales at 44s 6d. Hays preference Waltons, and Woolworths, N.Z., were also firmer Credit and Finance, Maling preference WnnlZ>cb hS Id^t 11 Oil . Search and Booth Macdonald Booth Ma H Wer iS rlCe l- > The 6(1 P aid for a P arcel t ar “ie s hS“ ld “ lbC low “‘ P™

N.Z. SHARE TRANSACTIONS

CHRISTCHURCH

AUCKLAND Late Sales.—Monday: £2OO Auckland Ei. P. 8., 15/6/59, 4J p.c.» £99 2s 6d; £2OO Auckland Harb. Bd., 10/6/59, 4J p.c., £99 2s 6d; 160 N.Z. Insurance, 83s 3d; 500 Ampol, 8s 3d; 100 E.Z. Industries, 20s; 325 Gordon and Gotch, 15s 3d; 100 Greers, 19s 3d; tOO J. Wattie, 28s; 200 McKenzies, 23s 4sd; 250 Nat. Electric, £6 ss; 50 Hellabys (unlisted), 495. Yesterday: £2OOO 15/8/59-61, 3 p.c., £93 2s 6d; £l4OO 15/9/65, 3J p.c., £92 12s 6d; £BOO 15/8/65-66, 4 p.c., £94; £2OO Auckland City, 8/9/66, 4 p.c., £92 ss; 101 Auckland Gas, 8s 6d; 300 National Insurance, 26s «3d; 33 Goldsbrough, Mort., rts., 8s; 150 Devonport Ferry, cont., 5s 6d; 400 A. Harvey, 28s 3d; 200 Ampol. 8s 3d, and 500, new’, 7s 10d; 1170 B.H. Pty., 365; 100 Bycrofts, 37s 6d; 100 E.Z. Industries, 20s; 100 Fletchers, 29s 3d, 500 at 29s 4d, 200 at 29s 3d, and 200 C pref., 18s 7d; 700 J. Wattie, 28s; 131 K.P. N.Z. Drug, £5 2s 6d; 361 Forest Prods., 16s 6d, and 400 at 16s sd; 500 Forest Prods., pref., 19s; 2400 Waltons, 13s lOJd; 100 Whakatane Board, 19s 9d; 4550 Wilsons Cement, 13s; 1100 Woolworths, Syd., 16s lOd; 700 Woolworths Props. Pf„ ord.. 15s; 194 Standard Oil, California, £l6 15s; 200 Oil Search, 7s 9d; 300 Ampol expls., 8s 7d; 100 Con. Brick and Tile, pf. (unlisted), 12s lOd. WELLINGTON Late Sales.—Monday: £l3OO 3 p.c., 60-62, £93 ss; 300 National Insce., 26s 3d: 600 N.Z. Guarantee. 2s'2Jd; 500 Ampol (new), 7s lOd; 200 G. J. Coles, 19s Id; 300 J. Wattie Canneries, 28s; 120 1.C.1.A.N.Z., rights. 15s 3d; 100 ; Winstones (unlisted), 40s. Yesterday: £3OOO 3 p.c., 56-59, £97 12s 6d; £2200 3 p.c., 59-61 (2). £93 2s 6d; £550 3 p.c., 60-62. £93 ss; £470 3 J p.C.. 57-60. £95: £475 32 p.c., 59-60. £97 ; 12s 6d; £l4OO 3? p.c., 65. £92 12s 6d: £l4OO 4 p.c., 54-58 (2), £lOO 2s 6d; £2OOO 4g p.c., 59. £100; £3OO 4 J p.c., 61. £lOO ss. and £3OO at £lOO 2s 6d; 37 Bank N.S.W. (2), £3O 15s; 600 N.Z. : Breweries (4), 44s 6d; 100 Wright. Stephenson, cont.. 32s 6d: 300 Ampol (old), 8s 3d. and 650 rights (2), 3s: 100 Alex. FJarvey, 28s 3d: 100 British Tobacco. 28s; 100 D.1.C., 16s 6d; 125 Dunlop N-Z-. pref.. 15s 9d: 500 Fletcher Holdings. 29s 3d; 500 J. Wattie Canneries, 28s; 400 N.Z. Farm- .

ers’ Fert. (2), 365; 561 N.Z. Forest Prods. (2), 16s 6d, and 300 at 16s sd; 190 N.Z. Indust. Gases, 32s 6d; 100 Ross and Glendining, 26s 3d; 100 Turnbull and Jones, 38s; 600 Waltons Sears ,13s lid; 100 Whakatane Goard, 19s 9d; 282 Wilsons Cement, 12s 9d: 200 Woolworths Syd., 16s lOd; 100 N.Z. Motor Bodies, rts. (unlisted), 9s. DUNEDIN Sales.—Yesterday: 1000 Ampol, rts.. 2s lid; 100 D.1.C., 16s 6d: £2OO 32 p.c., 15/5/62. £96 ss; 300 Otago Farmers’ Co-op., ord. (unlisted), 3s 9d. Sales Reported.—639 Ampol, rts., 2s lid; £5OO 3 p.c., 15/8/59-61, £93; 800 McKenzies. 23s 6d; £390 3 p.c., 15/11/57-60, £94 15s; 100 Credit and Finance, 21s 6d; 100 Wright, Stephenson, cont., 32s 6d; 1000 Woolworths, 16s lid. INVERCARGILL Sales.—2ls N.Z. Breweries, 44s 6d; 400 N.Z. Refrigerating, 395.

OVERSEAS EXCHANGES SYDNEY Leading industrials, textiles, and J rre^ular on the Sydney Stock Exchange yesterday. Commonwealth loans and metals were nrrn and uraniums steady. —Comm, of Sydney, £2O 18s; £ ° f Aust., 17s 9d; Bank of 5 34^ 8 6d; Tooheys, 23s 9d; Tooths, 46s 6d; A. Hordern, 28s 3d; A.C-I- 60s 9d; Bradford Cotton, 39s 3d, Broken Hill Pty., 45s - Burns &d; Colonial Sugar, £45 ? 8 6d; „ D ™ g houses, 31s lOJd; Dunlop, 33s 9d; Email, 7s 7d; Felt and Textiles, 23s 6d; G. J. Coles 24s lid - I.CJ 46s 6d; Waltons. 16s 9d; Wool! ? ls x : Consolidated Zinc, £5 nm l:^, lBa ’. Sfe 3d; North Broken ““1, Ampol Petroleum, 10s Qe oMJ- £ aid ’ 3s 10d: Oil Search, 9s 2d, Mt. Morgan, 17s 3d; Peko, 6s 7d; Uranium Mines, 10s 3d. MELBOURNE Trading was quieter in the investment section, although sales covered a wide range of stocks. Mining trading, _ was dull with prices moving within narrow limits. Sales.—Commercial Bank, 17s 9dGeneral Motors, pref., 21s 2d; A.W A 9s; Goldsbrough, rights, 10s 3d; G. J.’ ( Coles, 23s lid; Myer, 17s 2d, and pref. 2.8 s 6d; Woolworths, 21s; Huddart Parker, 50s 3d, and pref. 18s 9d; Ampol, 10s 2d, 1955 issue 9s 9d, and rights 3s sd; Associated Pulp, 32s 9dA.C.1., 61s 3d; A.P.M., 24s 6d, and pref. 19s 7d; British Tobacco, 355; Broken Hill Pty., 455, and new 44s 9d; Colonial Sugar, £45 ss; Court-, l9s lid; Drug Houses, new, 19s 7d; Dunlop, 33s 6d; E.Z. Industries, 24s 4d; Felt and Textiles, 23s sd, and pref. Us 6d; Gordon and Gotch, 19s ad; Herald, 22s 8d; Humes, 49s 6; 1.C.1., 46s 6d, rights 18s 9d, and pref. 17s 4d; Kauri Timber, 25s 6d; Olympic, 7s 3d; C. and U. 8., pref., 28s' 9d; Broken Hill South, 955; Mt. Lyell 26s 9d; North Broken Hill, £7 Us; Commonwealth Mining, Us lOd; Uranuim Mines, 10s Id; Mt. Morgan, 17s, p ~ e £- lls: Ampol Exploration, 10s lOd; Oil Search, 9s 3d; Santos, 7s; Woodside, 2s. LONDON London Stock Exchange dealings in mining securities on Monday includedßroken Hill North, £5 17s 6d; Broken Hill South, 73s 9d; Mount Lyell, 21s; Mount Isa, 29s 9d.

QUOTATIONS IN CHRISTCHURCH

Bales on ’Change, Listed Stocks £ s. d. Var’n. <1500 4i p.c., 1961 100 2 6 35 Bank N.S.W. (3) 30 15 0 N.C. 500 N.Z. Brew. .. 2 4 6 —3d 57 Ampol, rts. 0 2 11 N.C. 800 Coles (2) 0 19 3 N.C. 150 G. and. Go ten 0 15 6 250 Maling, pf_, c.d. 0 18 3 —3d 300 Waltons 0 13 11 4-3d 700 Waltons (2) .. 0 14 0 4-4d 1200 W’worths (4) 0 16 11 — Id Sales on ’Change, Unlisted tocks 200 Booth. Mac. .. 0 0 6 —3d Sales Reported, Listed Stocks £800 3 p.c., 1960-62 93 5 0 £2200 3J p.c., 1959 97 7 6 10 Bank N.S.W. 30 15 0 N.C. 1115 N.Z. Brew. (5) 2 4 6 4-3d 100 Cr. and Fin. 6 —6d 1000 Ampol,* rts. .. 0 2 11 N.C. 500 Hay’s, pf. (2) 1 0 4 4-4d 300 Watties Can.’ 1 8 0 4-1/3 200 Wool w orths (N.Z.) 200 Oil Search .. 0 18 0 7 4-Ud —Sri Sales Reported, Unlisted Stocks 12o Mot. Bodies, rights 0 9 0 -1/9

Buyers. £ s. d. Sellers. £ s. d. N-Z. GOVT — 3 p.c., 15/2/55-58 .. 99 0 0 3 p.c.. 15/4/56-59 .. 97 10 0 3 p.c.. 15/11/57-60 —— 95 0 0 3 p.c., 15/4/60-62 .. 93 0 0 — 3 p.c.. 15/4/60-63 .. 91 10 0 — 3 p.c., 15/7/61-63 .. 90 10 0 — 3 p.c., 15/6/61-64 .. 89 10 0 — 3 p.c., 15/7/62-64 .. 89 5 0 — 3 p.c., 15/7/63-65 .. 88 2 6 — 34 p.c., 15/1/56-59 97 10 0 — 3? p.c., 15/9/59 97 7 6 97 10 0 32 p.c., 15/6/59-60 97 0 0 — 3? p.c., 15/5/62 .. 95 17 6 — 32 p.c. 15/9/65 .. — 92 15 0 42 p c., 15/6/59 .. 99 15 0 — 4J p.c.. 15/6/61 .. 100 2 6 — BANKS— A.N.Z. — 1 17 9 Comm, of Aust. .. 0 14 6 — Pref. .. 5 15 6 N.S.W. 30 12 6 — BREWERIES— Sydney — 20 10 0 Ballins, ord. 1 10 9 — Dominion — 4 11 3 New Zealand 2 4 6 2 4 8 FROZEN MEAT— Canterbury 26 5 0 — Pref. .. 6 3 6 ■ N.Z. Refrig. 1 19 0 — Waitaki 1 19 0 — Canty., cont. 21 17 6 GAS— Auckland —— 0 9 9 5s paid 0 5 9 0 6 3 Christchurch 119 — INSURANCE— National 16 3 — New Zealand 4 2 0 South British, c.d. 4 4 0 4 4 6 LOAN AND AGENCY— C .F.C.A., pref. .. 2 12 6 Credit and Fin. — 12 3 Dalgety “A” 0 12 1 0 12 5 Dalgety “B” 0 12 4 Golds., Mort, rts. 0 7 11 Invincible Building — 4 9 0 Nat. Mort., “A” .. 0 7 3 “B” 0 7 10 N.Z.F. Co-op. 0 14 8 1st pref. 0 15 1 "A” pref. 0 15 0 “B” pref. 0 15 0 0 15 3 4J p.c. Stk., *60 94 15 0 Farmers’ Finance — 12 0 N.Z. Guar. Corpn. 0 2 2 Sth. Island Fin., c.d. 18 6 Wright, Stephen. 1 18 0 Pref. 10 6 SHIPPING— Devonport 15 6 Huddart Parker, pref., x.d. 0 15 0 — TIMBER— Kauri 113 WOOLLENS— Bonds, x.d. 0 16 10 — Bruce — 1 12 6 Feltex 0 19 0 0 19 3 Feltex, pref. 0 19 6 — Lane. Walker Ind. — 1 16 6 Pref. 10 0 Tekau 14 0 Pref. .. — 0 19 0 Timaru 12 0 MISCELLANEOUS— Airwork 13 3 Alloy Steel (N.Z.) 2 6 0 Ampol 0 8 1 0 8 4 Ampol, rights 0 2 11 Andersons, 1st pf. 0 19 6 — Andrews and Beaven .. • • 10 0 1 1 6 Pref. .. 0 18 6 0 19 0 Apex Ice 2 10 0 — Aulsebrooks, pref. 0 18 9 — Aust., C.I. 2 9 0 Beath and Co. .. 1 14 0 1 16 0 Alex Harvey 18 0 — Begg and Co. 2 13 0 — Berlei Industries 2 3 0 British Tobacco 18 0 18 4 Broken Hill Pty., x.d. 1 15 6 Claude Neon, N.Z. 2 5 0 —

Buyers. Sellers. £ s. d. £ s. d. I MISCELLANEOUS (contd.)— Colonial Sugar .. 36 10 0 Consol. Brick 0 13 0 Coulls Somerville 1 13 0 Pref. 0 19 9 Cyclone Fence .. 1 10 0 Pref., x.d. 0 19 6 Dom. Builders .. 0 10 0 __ Donaghy’s Rope 2 5 6 D.I.C. o 16 3 0 16 Pref. 1 0 0 Dunlop, N.Z., c.d. — 1 ~2 6 Pref. .. 0 15 9 E.Z. Ind. 0 19 6 0 19 11 Evans Atlas, c.d. 0 12 6 0 14 6 Farmers’ Trading 17 9 —- Farrier - Waimak 0 16 0 — Fletcher Holdings Frozen Products, 1 8 0 — x.d. 0 7 10 — G. J. Coles 0 19 0 0 19 Gordon and Gotch 0 15 4 ** Greater Crystal .. J 0 3 __ Griffin and Sons 2 1 6 Hauraki Whaling 0 4 6 —— Hay’s. Ltd. 1 2 6 1 4 0 Pref. 1 0 0 Email 0 6 0 — Henry Jones Humes (N.Z.), pf.. 2 8 0 — x.d. 0 19 6 —- J. Gadsden, x.d. 1 16 3 —- J. J. Niven 2 d 3 — J. Wattie Cans. .. 1 7 6 1 8 0 K.D.V. Indust. .. 0 10 9 — K.P. Drugs, x.d. .. — 5 3 0 Macky Logan 1 7 9 — k Maling, pf., c.d. 0 18 0 ■ ■■ McKenzies 3 3 — Milburn Lime 1 5 0 —— M:K. Manufac. • • 0 9 6 0 10 0 N.Z. Express 1 2 0 N.Z.F. Fertiliser — 1 16 3 Pref. N.Z. Forest Pro1 1 0 — ducts 0 16 4 0 16 9 N.Z. -Indust. Gas 1 12 6 1 15 0 Norvic Shoes 0 14 10 —- Otago Daily Times 2 9 0 2 11 0 Relax, pref. 0 9 0 — Quill. Morris 1 6 0 — Sanford 0 13 — Silknit 0 13 0 — Tasman Turnbull & Jones Waltons 0 0 17 13 11 10 5 0 14 0 12 1 0 Whakatane, ord. 0 19 3 — Pref. ■ • • • 0 19 Whit. & Tombs, x.d. Wm. Cable Hldgs. 1 10 0 1 2 3 Will. Jeffery - ■ — Wilsons Cement W’lworths, ord. .. (N.Z.). ord. .. 0 0 16 18 9 9 0 16 0 19 11 0 W. R. Carnenter 0 14 6 — AUST. MINING— C/Wealth 0 9 Mount Lyell Oil Search 0 7 MINING— Kanieri — UNLISTED STOCKS Beaths. 19s on dep. Booth. Macdonald 0 0 6 1 8 0 0 0 7 Buntings 1 10 0 — Burt. A. and T. 2 8 3 Canty Seed Canty. Saleyards 1 12 6 — Europa (N.Z.), pf. 1 10 0 John Bulleid — 0 8 Kaiapoi Woollen 1 3 0 — Pref. 1 0 9 Matea Forests —— Mercer. J., pf. . • 1 1 3 1 1 9 Lusteroid N.Z. Motor Bodies, — 0 16 0 rights Rotovators, N.Z., 0 8 3 0 9 6 10s pd. 0 12 6 ■' — R. and E. Tingey St. Elmo Courts, 0 6 9 0 7 0 pref. 1 3 o Vibrapac Blocks 1 4 0 i Debs. 95 10 o Vigilant Alarms .. 0 8 0