FINANCE AND COMMERCE

Press, Volume XCV, Issue 28250, 11 April 1957, Page 17

FINANCE AND COMMERCE

Firm Markets For Most Issues

A large turnover on the Christchurch Stock Exchange yesterday was confined to comparatively few issues. Gains were recorded over last Christchurch business by several shares which have mainly been selling at Higher prices elsewhere since last local business. The higher prices were paid for National Insurance, Dalgety A, Coles, K.P. Drugs, Reid Rubber and Waltons. The 20s paid for Coles is the highest price paid in New Zealand since the announcement of the new issue. Christchurch Gas, contributing, N.Z. Insurance and Woolworths were slightly easier. Rank, breweries and frozen Meat shares were firmer on quotation.

N.Z. SHARE TRANSACTIONS

AUCKLAND Sales.—Late Tuesday: 500 Com. Bank Aus., 15s; 550 N.Z. Insurance, 83s 9d; 200 Frozen Prods., 8s; 100 Coles, 19s 8d; 100 Gordon, Gotch, 15s 6d; 900 Forest Prods., 16s 7d; 200 Reid Rubber, 28s 9d; 250 Whakatane Board, 20s; 1000 Wilsons Cement, 13s 8d; 500 Woolworths (N.Z.) Props., pref., 21s. Sales.—Yesterday: £5OO 3 percent., 15/7/61-63, £9O 17s 6d; £5OO per cent.. 15/9/59, £97 17s 6d; £lOOO 4g per cent., 15/6/59, £lOO 10s; 72 Com. Banking, Syd., £l6 10s; 6 Bank N.S.W., £3l, and 40 Sydney reg., £2B 10s; 200 Dominion Breweries, 925, 100 at 92s 3d, and 25 pref., 91s 9d; 100 N.Z. Insurance, 83s 9d; 100 Kauri Timber, 21s 9d; 400 Feltex, N.Z., pref., 19s 6d; 400 Ampol, 8s 7d; 265 Bycroft, 37s 6d; 300 E.Z. Industries, 19s lOd; 200 Fletchers, 29s 0d; 200 Frozen Prods., 8s; 700 Coles, 19s 9d. 500 at 19s lOd, 200 at 19s lid, and 420 at 20s; 1900 Hauraki Whaling, ss; 200 K.P.N.Z. Drug, £5 Ils 6d; 1000 Forest Prods., 16s 9d, and 500 pref., 19s; 400 Reid Rubber, 295; 400 Ross, Glendining, 265; 200 Tasman, 225; 350 Tip Top, 15s 6d; 1250 Waltons, 14s 8d; 100 Waltons con., 12s 8d; 300 Whakatane Board, 20s; 150 Con. Brick and Pipe, pref, (unlisted), 13s. WELLINGTON Sales.—Late Tuesday: 200 Taupo Totara, 41s; 100 Frozen Products, 8s; 200 Reid Rubber, 28s 9d; 500 Wooli worths, N.Z. Properties, pref., 21s; 1100 R. and E. Tingey (2), 7s. j Sales.—Yesterday: £BOO 3 percent., ’55-58, £99 ss; £lOOO 3 per cent.,'s9;61, £93 12s 6d; £5OO 3 per cent.,’6o- - £93 7s 6d; £ 1200 3 per cent., ’6l-64 (2), £9O; £5OO 3 per cent., ’62-64, £B9 12s 6d; £6OO 3 per cent., ’64-66, £BB 2s 6d; £l5OO 31 per cent., ’55-59, £97 17s 6d; £2OO per cent., ’57-60, £95 7s 6d; £lOOO 4i{ percent., ’559, £lOO 10s; 100 Dominion Brewery, 91s 9d; 200 Wright, Stephenson, cont., 34s 9d, ; and 200 at 355; 450 Taupo Totara | (3), 41s; 150 Wellington Woollen, 34s 6d; 100 Armstrong Springhall, I 275; 500 Courtaulds, 16s; 150 Dunlop N.Z., 225; 200 Frozen Products, 8s; 1800 G. J. Coles (5), 20s; 500 Humes, 41s; 200 Hume Ind., N.Z., pref., 20s; 50 K.P.N.Z. Drug, £5 11s !6d; 1396 N.Z. Forest Products (2), 'l6s 9d, and 100 at 16s lOd; 150 Rubber Distributors, 7s 6d; 200 Tip Top, 15s 6d; 100, Waltons Sears, 14s Bd, and 100 at 14s J 6d; 500 Whakatane Board, 20s; 100 Wm. Cable, C pref., 19s 0d; 1700 Woolworths, Sydney (5), 16s 9d; ' 200 Woolworths Properties, Sydney, pref./ord., 15s; 201 Woolworths, N.Z., 19s 9d. Unlisted: 500 R. and E. ! Tingey, 7s; 150 WinstoneS, 40s.

DUNEDIN Sales.—Yesterday: 125 Commercial Bank, 14s 9d; 500 National Insce.. 27s 6d; 100 National Mortgage, B, 8s 2d, and 3000 (3 sales), at 8s 3d; 200 Wright, Stephenson, cont., 355; 300 E.Z. Industries, 19s 9d; 200 Ross and Glendining. 265; 100 Tasman Pulp and Paper, 22s 6d; 100 N.Z. Insce., 83s 9d; 100 Ross and Glendining, 265. Sales Reported.—lso National Insurance, 27s 3d; 500 N.Z. Insce., 83s 9d; 500 Dalgety and Co., 13s; 100

Frozen Products, 8s; 350 N.Z. Forest Prods., 16s 6d; 50 Dominion Breweries, 925; 100 National Mortgage, B, 8s 3d; 1000 Union Steamship, pref., 22s 9d; 374 A.C.1., 50s; 100 Chas. Begg and Co., 57s 6d; 300 E.Z. Industries, 19s 9d; 100 Ross and Glendining, 265; 400 Woolworths, Ltd., 16s 9d. INVERCARGILL Sales Reported.—loo N.Z. Refrigerating, 39s 3d; 350 Walton Sears, 14s 6Jd. •

OVERSEAS EXCHANGES SYDNEY Leading industrials and metals were irregular on the Sydney Stock Exchange yesterday. Textiles, Commonwealth loans, oils, and uraniums were steady. Sales.—Commercial of Sydney, £2O 16s; Commercial of Australia, 18s 9d; National, 12s 6d paid, 20s 3d; National, 20s paid, 345; Tooheys, 23s lid; Tooth, 46s 6d; A.W.A., 9s lOd; A.C.1., 61s 3d; Bradford Cotton, 40s 9d; Broken Hill Proprietary, 47s 6d; Burns, Philp, 625; Colonial Sugar, £45 10s; David Jones, 58s 6d; E.Z. Industries, 245; Email, 7s 6d; Felt and Textiles, 23s 9d; G. J. Coles, 255; Morts Dock, 8s 6d; Waltons, ,17s 3d; Woolworths, 20s 6d; Yarra Falls, 27s 6d; Associated News, pref., 16s 9d; Consolidated Zinc, £6l 8s; North Broken Hill, £7 17s; South Broken Hill, 995; Ampol Petroleum, 10s sd; Associated Oil, 2s; Peko, 7s 4d, N.A.U.C., ss; N.U.D., 10s 4|d. MELBOURNE

Investment prices maintained a strong undertone. Rises covered all sections of the market, but most moves were small. Trading volume was not heavy. The feature of the mining market was a rise of 14s in Consolidated Zinc and 9s in New Broken Hill. Other silver-leads were steady. The gold group was stronger, but uraniums and oils were mainly steady. Sales.—Commercial Bank, 18s 6d, 32-4 per cent., 140 s; General Motors, Holden, 6 per cent., 21s 6d; Carlton Brewery, 21s 9d; G. J. Coles, 255; Myer, 18s 3d; Woolworths, 20s 8d; Ampol, 10s 6d, new, 4s lOd, 1955 issue, 10s, and options, Is 4d; Associated Pulp, 365; Australian Consolidated, 625; A.P.M., 25s sd, and 6 per cent., 19s 7d; Bradford Cotton, 41s, and second 6 per cent., 18s 9d; Broken Hill Proprietary, 47s lid, and new, 47s 6d; Courtaulds, 19s sd: Drug Houses, 10s paid. 20s 3d; Dunlop, 34s 3d; E.Z. Industries, 23s lid; Gordon and Gotch. 19s 3d; Felt and Textiles. 23s Bd, and first 6 per cent., 18s lOd; General, 16s 7d; Henry Jones, 62s 6d; Herald, 24s Id; Hume Industries, 27s 6d; Humes, “B,” 7J per cent., 225; 1.C.1.A.N.Z., 48s; Kauri, Feb., paid, 25s 3d; N.Z. Forest, 20s 3d; Olympic, 7s sd, and 6 per cent., 19s 6d; Broken Hill South, 99s 3d; Consolidated Zinc, £6 2s; Mount Isa, 38s lid; Mount Lyell, 275; New Broken Hill, 775; North Broken Hill, £7 15s; N.A.U.C., 4s 9d; Loloma, 30s 6d; Mount Morgan, 19s; Ampol Exploration, 10s 7d; Oil Search, 9s; Santos, 5s lid; Woodside, 2s 6d. . . LONDON

Tuesday’s sales and quotations included:—Australia and N.Z. Bank, 37s 33d*; Commercial Bank of Australia. 14s 6d*; E., S., and A. Bank, 31s 7|d*: National Bank of Australasia, buyers 265, sellers 275; Bank of New South Wales, £2B 10s, £29 ss; British Tobacco, 27s 6d, 28s 6d; Goldsbrough, Mort. 255, 265; Dalgety, 13s 6d*: National Bank of New Zealand, 30s 6d. 325; Aust. Mercantile Land and Finance, £79. £81; Dalgety, 4 per cent., 1975-80, £Bl, £B3-; N.Z. Loan and Mercantile, ord., 4 per cent., £6l, £63; N.Z. Loan and Mercantile, ord. stock, 22s Gd*; P. and O. deferred (middle price), 36s 6d.

•Sales. Sales of mining securities included:—Broken Hill Proprietary, 38s 9d; Consolidated Zinc, 87s 6a, and pref., 14s; Mount Isa, 30s 3d.

QUOTATIONS IN CHRISTCHURCH

CHRISTCHURCH Sales on ’Change, Listed Stocks £ s. d. Var’n. 100 Chch Gas (cont.) 0 IS 0 500 Dalgety A .. 0 13 0 H-3d 433 Natl. Mort. A (2) 0 8 0 N.C. 200 B.H.P. 1 19 0 N.C. 800 W’wths. (4) 0 16 9 —Id 100 N.C. Fr. Meat, pre. 1 1 0 — Sales Reported, Listed Stocks 500 Natl. Ins. 1 7 6 4-9d 250 N.Z. Ins. 4 3 6 —3d 100 Beggs 2 17 6 — 900 Coles (2) 1 0 0 +9d 100 K.P. Drugs .. 5 11 6 4-6/6 100 N.Z. Inds. Gas 1 13 6 N.C. 100 Reid Rubber 1 9 0 4-1/6 3000 Waltons (2) 0 14 6 4-ld Sales Reported, Unlisted Stocks 500 John Bulleid 0 8 0 —— 500 R. and E. Tingey 0 7 0 —-6d 50€ Vibra. Blks. 1 5 0 —

Buyers. £. s. d. Sellers. £ s. d. N.Z. GOVT.— 3 p.c. 15/2/55-58 .. — 9 15 3 p.c., 15/4/56-59 .. 98 0 0 •— 3 p.c., 15/8/59-61 .. 93 5 0 —— 3 p.c., 15/4/60-62 .. 93 5 0 — 3 p.c., 15/4/60-63 .. 92 5 0 3 p.c., 15/7/61-63 .. 90 15 0 — 3 p.c., 15/7/62-64 .. 89 5 0 3 p.c., 15/7/63-65 .. 88 5 0 —— 3 p.c., 15/5/64-06 .. 88 0 0 «— 31 p.c., 15/1/56-59 97 15 0 — 32 p.c., 15/9/59 .. 97 15 0 33 p.c., 15/9/74 .. 88 0 0 — 4 p.c., 31/5/54-58 .. 100 0 0 — 4 p.c., 15/8/65-66 94 5 94 15 0 4? p.c., 15/6/59 .. 100 2 6 — 4J p.C., 15/6/61 .. 100 5 0 — LOCAL BODY, CO. DEBS.— Rice. Borough, 4 p.c., 1/10/75 — 87 0 0 BANKS— A.N.Z. .. 1 17 0 *B” .. .. 1 19 0 — Comm. of Aust. .. 0 14 10 —— Pref. .. ..5 16 0 — Natl, of A’asia. (£1) .. 1 6 6 —— Natl, of N.Z. .. 1 9 6 — N.S.W. .. ..31 0 0 — BREWERIES— Ballins, ord. .. 1 10 9 — Pref. .. .. 0 19 6 — Dominion .. 4 12 0 •— New Zealand .. 2 5 3 — Tui — 1 5 6 FROZEN MEAT— Canterbury .. 26 12 6 Pref. .. ..6 4 0 6 10 0 N.Z. Refrig. .. 1 18 9 — Nth. Canty., pf. .. 1 0 — Southland .. 3 6 6 — Waitaki .. 1 11 0 — Canty., cont. .. 22 10 0 — Christchurch .. * — 1 1 9 Cont. .. 0 15 9 0 16 6 INSURANCE— F.A.M.E. .. 1 9 3 ■— Pref. — 1 9 6 National .. 1 7 4 ■ New Zealand —— 4 4 0 South British .. 4 5 6 — Standard .• 1 1 0 — LOAN AND AGENC1 C.F.C.A., ord. .. 1 6 0 9 0 Pref. — 0 0 Credit and Fin. — 1 2 0 Dalgety “A” .. 0 13 0 — "B” .. 0 12 11 — Goldsb rough, M. 1 6 6 — Invincible Bldg. .. —. 4 8 6 Nat. Mort. “A” .. 0 8 0 0 8 3 “B” .. .. 0 8 1 0 8 3 N.ZF. Co-op. .. ~ — 0 15 4 1st pref. .. 0 15 6 “A” pref. — 0 15 0 “B” pref. — 0 15 3 41 p.c. Stk., ’60 95 0 0 — Farmers’ Finance — 1 8 N.Z. Guar. Corpn. 0 2 3 — N.Z L. and Mer., ord. .. ■ • 1 0 6 — Traders’ Fin. — 1 2 0 11s 6d paid .. —— 0 14 6 SI. Finance, x.d. 1 9 0 — Wright, Stephenson .. .. 2 0 0 2 1 0 SHIPPING— Mell wraith, pref. 0 15 0 — Huddart Parker .. 2 0 0 — Pref 0 15 3 — Northern .. 0 10 0 — P. and O., x.d. «* 1 12 6 <— Union, pref. .. 1 2 0 —— TIMBER— Kauri .. •• 1 1 4 —

WOOLLENS— Feltex 0 19 4 N.Z. 1 7 0 Pref., x.d. 0 19 0 Lane, Walker Ind. 1 15 6 Pref. .. 1 0 0 — Tekau 1 4 3 — Pref — 0 19 0 Timaru 1 3 0 MISCELLANEOUS— Airwork 1 3 3 — Pref. .. 1 0 9 — Ampol 0 8 5 Andersons} 1st pf. 0 19 6 Andrews and Bea- ■ ven 1 1 0 —— Pref __ 0 19 0 Apex Ice 2 10 0 — Aulsebrooks, pref. 0 19 0 A.W.A. 0 7 3 — Aust. C.I., x.d. 2 9 3 2 10 0 Eeath and Co., pf. 1 0 0 1 2 6 Begg and Co. 2 16 9 2 18 0 Berlei Indust. 2 3 6 — British Tobacco .. 1 8 3 — Broken Hill Pty. 1 18 0 1 19 0 Burns, Philp 2 10 0 — Canty Roller Flour 0 14 0 Claude Neon, N.Z. 2 7 0 Colonial Sugar .. 35 15 0 — Sydney 37 15 0 —— Consol. Brick — 0 13 0 Coulls, Somerville 1 13 0 — Courtaulds 0 15 6 •— Cyclone Fence .. 1 10 0 —• Pref. .. 0 19 9 —- Dom. Builders .. 0 10 0 — Cyclone, cont. 0 12 9 0 13 2 Donaghy’s Rope 2 6 6 — D.I.C. 0 16 6 Pref. .. 1 0 0 — Dunlop Rubber .. 1 7 0 Dunlop, N.Z., pf. 0 15 9 —— E.Z. Ind. 0 19 7 0 19 8 Farmers’ Trading 1 19 0 —— Farrier - Waimak 0 16 6 — Fletcher Holdings 1 9 0 — Frozen Prods. 0 7 10 0 8 3 G. J. Coles 0 19 9 1 0 0 Gordon and Gotch 0 15 4 — Pref. .. 0 5 6 — Greater Crystal .. 1 0 3 — Griffin and Sons 2 2 6 — Ha’lenstein Bros. —— 1 13 0 Hauraki Whaling 0 5 0 — Hay’s, Ltd. —. 1 3 9 Pref. 1 0 0 1 0 4 Henry Berry, pf. 0 19 9 —— Humes 2 0 6 — Humes (N.Z.) pf. 1 0 0 —— I.C.I., A., N.Z. .. 1 18 7 J. Gadsden 1 17 0 — Pref. .. 1 0 0 — John Chambers .. 1 0 0 1 3 0 J. J. Niven 2 4 3 — K.D.V. Indust. 0 10 9 — K.P. Drugs 5 11 0 — Mating, pref. — 1 0 0 Mas., Struthers .. — 1 9 6 McCaskey, pf. .. 0 14 0 —— McKenzies 1 4 3 — Midland Mot., pf. — 0 19 11 Milbum Lime .. 1 5 3 — Myers 0 14 6 — N.Z Cement 0 7 0 — N.Z. Express 1 2 3 —- N.Z.F. Fert. — 1 16 3 Pref. 1 1 6 — N.Z. Forest Prods. 0 16 6 — Pref. .. — 0 19 0 N.Z. Indust. Gas — 1 14 0 N.Z. Newspapers 1 14 0 —— Norvic Shoes 0 15 0 0 17 6 Quill, Morris 1 6 6 —— Reid Rubber 1 8 0 —— Pref., x.d. 0 19 0 Relax, pref. . 0 9 0 — Simpson, and WIL 2 10 0 —

Sellers. MISCELLANEOUS (contd.l— X, s. d. Skellerup, pref. .. 0 18 9 Sanford 0 13 0 Tasman o 3 Transport Nelson 1 8 0 Turn, and Jones 1 19 3 Ultimate-Ekco 1 4 6 Waltons .. 0 14 3 Cont. .. o Whakatane, ord. 0 19 6 Pref. .. 0 19 9 Whit, and Tombs 1 10 6 Wm. Cable Holds. 1 4 0 Will., Jeffery 1 2 6 W’wths., ord. 0 16 8 0 16 10 Properties 0 14 6 (N.Z.), ord. 0 19 9 , (N.Z.) Pp„ pf. 1 0 9 W. R. Carpenter 0 16 0 W. R. Cook and Son 0 17 6 Wiicox, Mofflin .. 0 4 6 OVERSEAS LISTINGS— W’wths. (S.A.) 0 14 6 . AUST. MINING— Ampol, ex 0 9 0 Mt. Lyell, x.d. .. 1 1 0 Oil Search 0 8 0 Mt. Isa — 1 13 0 UNLISTED STOCKS Beaths, 19s on deposit 1 8 0 Booth, Mac. 0 9 0 1 0 Buntings 1 10 3 Canty. Seed — 1 9 0 Canty. Saleyards 2 12 0 __ Ch ch. Press 13 0 0 14 10 0 Hellabys 2 9 3 John Bulleid — 0 8 6 Kaiapoi Woollen 1 3 4 Pref. 1 0 9 — Matea Forests 0 2 0 — Mercer, J., pref. — 1 1 9 N.Z. Motor Bodies 1 15 6 Rotovators 0 12 6 — Reece, E., ord. .. 0 6 0 — R. and E. Tingey 0 6 11 0 7 3 Wool. Tan. 0 16 2 —■ St. Elmo Courts, pref. Vlbrapac Blocks 1~4 0 1 2 0