COMMERCIAL Sharp Rise In Bids For N.Z. Insurance

Press, Volume XCV, Issue 28270, 7 May 1957, Page 18

COMMERCIAL Sharp Rise In Bids For N.Z. Insurance

Buyers of N.Z. Insurance shares on the Christchurch Stock Exchange yesterday pushed up their offers to 8/s 3d—3s above the price paid in Christchurch last Wednesday and 3d above the price paid in a sale reported in Auckland on Friday. Sellers asked 88s.

In a moderate volume of business no gains were recorded. 8.H.P., Ross and Glendining, and Woolworths sold at lower prices than in last recorded Christchurch business. Steady prices were paid for Bank of N.S.W., N.Z. Farmers’ Co-operative A. preference, Ampol, Colonial Sugar, Woolworths (N.Z.) and Kempthorne Prossers.

No Government stock changed hands but buyers again dominated the quotations.

N.Z. SHARE TRANSACTIONS

CHRISTCHURCH Kales on 'Change, Listed Stocks £ s. d. Var’n. 11 Bank N.S.W. (2) .. 31 7 6 N.C. 200 N Z-F.Cm A pf. 015 0 N.C. 100 Ampol .. 0 8 6 N.C. 251 BH.P. .. 1 17 9 —3d 1300 Wwths. (3) .. 017 7 —ld 137 Wwths. .. 0 17 6 —2d 300 Wwths, N.Z. (2) .. .. 110 N.C. Sales Reported, Listed Stocks 10 Col. Sugar .. 37 15 0 N.C. 50 K.P. Drugs 5 11 6 N.C. 200 Ross and Glen. 15 6 —9d AUCKLAND Sales.—Yesterday: £ 1500 15/8/58<l, 3 per cent., £94 10s; £2OO 15/6/61-64. 3 per cent., £9O ss; £2OO 15/5/62. 3J per cent., £97 ss; £6OO 15/6/61, 4J per cent., £lOl 3s 9d; £3OO Auckland Harbour Board, 10/8/60, 3J per cent., £95 17s 6d, and £lOOO 10/8/63, 3; per cent., £9O 7s Sd; £2OO Auckland Transport Board, 31/7/63, 4 per cent, stock, £94 12s 6d: 250 Bonds Hosiery, 17s 3d; 1400 Commercial Bank of Australia, 14s 9a: 226 N.Z. Insurance, 88s; 50 Queensland Insurance, 51s; 100 South British, 925; 100 Claude Neon, 495; 400 Fletchers, new, 31s; 600 Coles, 16s: 500 George Court, 255; 150 J. Fielding, 73s 9d; 400 McKenzies, 25s 6d: 800 Toppa, 3s 6d; 150 William Cable. 24s 6d; 100 Woolworths, N.Z., 21s: 100 Mount Isa. 29s 6d. WELLINGTON Sales.—Late Friday: 50 Dominion Breweries. 95s 3d; 400 W.F.C.A., Ltd , 8s 3d: 100 Wright, Stephenson, 40s 9d; 100 N.Z. Forest Products, pref., 19s Id; 400 Woolworths, Ltd., 17s 8d: 300 Woolworths. N.Z., 21s 3d. Yesterday: £5OO 3 per cent., 1961-64. £9O 10s: £2OO 3J per cent., 1958. £99 10s: £450 32 per cent., 1959, £9B ss: £2300 3J per cent., 1962 ( 2). £97 7s 6d: £6OO 3J per cent., 1965-66 (2), £93 15s; £5OO 43 per cent., 1959, £lOO 17s 6d: £2OO 4| per cent.. 1966-67. £lOO 15s; 6 Bank New South Wales. £3l 7s 6d; 200 Westland Breweries. 455: 100 N.Z. Insurance, 88s: 1500 National Mortgage, "A.” 8s 3d; 100 Wright. Stephenson. 40s 6d; 50 Huddart Parker. 445; 100 Ampol. 8s 7d; 20 Colonial Sugar (2), £37 15s; 400 Cox Bros.. 4s 6d; 300 G- J. Coles. 16s: 100 J. Wattie Canneries. 265; 100 N.Z. Forest Products, pref., 19s Id; 150 William Cable Holdings. 24s 6d: 1300 Woolworths, Sydney (2). 17s 7d. INVERCARGILL Sales Reported.—2oo Southland Frozen Meat. 70s; 500 Bonds Hosiery (2), 17s 3d.

OVERSEAS EXCHANGES SYDNEY Commonwealth loans were stronger on the Sydney Stock Exchange yesterday. Metals, oils, uraniums and key industrials were uneven, and textiles easier. Sales.—Com. of Sydney, £2O 10s; Bank N.S.W., £35 2s 6d; Tooheys. 22s 4Jd; Tooths, 495: A.C.1., 61s; Brit. Tobacco, 35s 4Jd; 8.H.P., 46s 9d; Colonial Sugar, £45 7s 6d; Dunlop, 345; E.Z. Ind., 23s 6d; Email, 7s 8d; Felt and Textiles, 24s 6d; Gen. Ind., 16s 9d; H. Jones, 60s; 1.C.1., 49s 9d; Waltons, 17s; Woolworths, 21s 7d; Mount Lyell, 26s 7d; Mount Isa, 36s 4d; New Broken Hill, 68s 6d; South Broken Hill, 94s 9d; Ampol Pet., 10s 3d; Ampol Exp., 9s 6d; Oil Search, 10s 9d; Emperor, 7s 9d; Mount Morgan, 16s 9d; Com. Mining, Ils lOd. MELBOURNE A firm market undertone was recorded in the investment section, but most moves were small. A.C.I. and E.Z. Industries each added 9d. Trading volume was moderate. Mining turnovers were small and prices recorded a variable tone. Sales.—A.N.Z. Bank, 45s 6d; Carlton Brewery, 22s 6d; G. J. Coles, 19s lid, and bonus, 19s 9d; Woolworths. 21s lOd; Myer, 18s 10d; Ampol, 10s 3d, and new, 4s 8d; Assoc. Pulp, 375; A.C.1., 61s 6d, and pref., 30s; A.P.M., 25s sd; Brit. Tobacco, 355; 8.H.P., 46s lid. and new, 46s 8d; E.Z. Industries. 23s 9d; Felt and Textiles, 24s 6d; Gordon and Gotch, 19s 9d, and pref., 6s 2d; Henry Berry. 16s 6d, and pref., 12s 3d; Henry Jones, 60s 9d; Herald, 23s 6d; Hu-.ies, 49s 9d, and pref., 225: 1.C.1., new, 30s; Kauri Timber, 26s 9d. and Feb., paid, 255; N.Z. Forest, 20s 9d; Olympic, 7s 2d; Broken Hill Sth., 95s 3d; Mount Isa, 36s sd; Mount Lvell. 26s 3d; New Broken Hill. 68s 3d; North Broken Hill, £7 10s; Commonwealth Mining. Ils 9d; Uranium Mines. 9s 9d; Emperor Mines, 7s lOd: Mount Morgan, pref.. Ils 6d; Ampol Exploration. 9s; Oil Search. 10s lOd; Woodside, 2s.

DUNEDIN Sales.—Yesterday: 100 Woolworths. N.Z., 21s; 50 National Electrical, £6 10s; 300 N.Z. Forest Products, pref., 19s Id. „ „ Sales Reported.—2oo N.Z. Forest Products, ord.. 17s 2d; 200 Ross and Glendining, 25s 6d; 550 National Mortgage. A, 8s 3d; 150 Wright, Stephenson. 40s 9d; -250 Bonds Hosiery Mills. 17s 3d; 100 K.P. N.Z. Drug (2 sales), £5 Ils 6d.

QUOTATIONS IN CHRISTCHURCH

Buyers. Sellers £ a. d £ s. d. N.Z. GOVT.— 3 p.c., 15/2/55-58 .. — 99 15 0 3 p.C., 1S/4/W-59 96 17 6 — 3 p.C.. 15/11/57-60 95 17 6 3 p.C.. 15/8/59-61 .. 94 5 0 3 p.c.. 15/4/60-62 .. 92 5 0 3 p.c.. 15/4/60-63 .. 90 17 6 3 P-C„ 15/7/61-63 .. 91 2 6 3 p.c.. 15/7/63-65 .. 88 10 0 3 p.c., 15/5/64-66 .. 83 7 6 31 p.c.. 15/1/56-59 98 5 0 33 p.C., 15/9/59 —— 98 5 0 3J p.c., 15/6/59-60 97 10 0 32 p.c., 15/5/62 .. 96 12 6 32 p.c.. 15/9/69 .. 91 0 0 — 32 P-C.. 15/9/74 .. 88 12 6 ■ ■ 4 px., 31/5/54-58 .. 100 10 0 »• 4 15/8/65-66 .. — 95 0 0 4| P-C-. 15/8/59 .. —— 101 0 0 LOCAL BODY. CO. DEBS — Waimak. River Trust. 41 p.c.. 1/10/69 — 91 17 6 banks— 1 17 3 1 19 0 Comm, cf Aust. .. 0 14 6 0 14 11 i., S.» and A., x.d. 1 10 0 •— Nat. of A’asia, £1. c.d. . - 1 6 Q — 12s 6d, c.d. 0 16 1 — Natl, of N.Z., c.d. 1 10 0 1 13 0 N.S W. .. 31 7 6 — BREWERIES— Ballins, ord. 1 11 6 1 12 6 Pref. .. 1 0 0 *— Dominion 4 14 0 New Zealand 2 7 9 2 8 0 Westland 2 5 0 2 6 0 FROZEN MEAT— Canterbury 28 15 0 — Cont. .« 24 0 0 —— Pref. .. 6 3 0 — B- Otajo •• 8 12 — K.Z. Refrig. 2 1 a —* Waitajd 1 11 0 — GAS ■ Christchurch, x.d. —— 110 Cont., x.d. •• — 0 16 0 INSURANCE— F.A.M.L 1 9 0 Pref. .. •• 1 8 9 National, x.d. —— 17 9 New Zealand 4 7 3 4 8 0 8tandard 1 1 6 119 LOAN AND AGENCY— CTC.A., ord. .. 1 7 0 18 0 Pref. 2 15 0 2 13 0 Credit and Fin. — 12 0 Dalgety, "A,” x.d. 0 13 9 0 13 11 "B,” x.d. 0 13 3 — Nat Mort.. “A” .. 0 8 0 •— 0 8 3 0 8 6 X.Z.F. Co-op. 0 14 9 0 15 2 "A” pref. 0 14 9 0 15 0 “B” pref. 0 14 9 0 15 0 4J p.c. Stk., ‘60 95 2 6 Farmers’ Finance »— 110 N.Z Guar. Corpn. 0 2 6 — N.Z.L. and Mer., ord. 1 3 0 — SI. Finance 1 9 6 — Wright, Stephen2 0 0 2 0 11 8HIPPING— Huddart Parker .. 2 3 0 — Pref. .. 0 15 6 P. and O. 1 15 0 1 17 0 Union, pref. •• 1 2 9 — WOOLLENS— Bonds 0 17 0 — Feltex .. •. 0 19 N Z 1 8 0 — N.Z., pref. 0 19 6 — Lane, Walker Ind., pref., x.d. 0 19 9 Tekau 1 5 0 16 0 Timaru 1 1 0 13 0 MISCELLANEOUS— Airwork 1 3 6 Pref. .. — 119 Alloy Steel (N.Z.), c.d. 2 6 0 — Ampol 0 8 ■ — Andersons, 1st pf. 0 19 9 Andrews and Beaven 1 1 6 Pref. ... 0 18 6 0 19 0 Apex Ice 2 10 0 Aulsebrooks, pref. — 0 19 6 A.W.A., c.d. — 0 8 1 Aust. C.I. 2 9 6 2 10 0 Aust. Found. Inv. — 0 5 5 Beath and Co. — 1 13 6 Pref 1 0 0 12 0 Brit. Tobacco 1 7 3 Broken Hill Pty. 1 17 9 1 18 3 Burns, Philp, x.d. 2 10 0 — Canterbury Roller Flour 0 15 0 Claude Neon, N.Z. 2 8 6 2 10 0 Cory, Wright, pf- —— 0 19 0 Colonial Sugar .. 37 10 0 37 15 0 Consofid. Brick .. 0 12 9 Coulls, Somerville 1 13 0 — Courtaulds 0 16 0 Cyclone Fence .. 1 10 6 Pref. .. r 0 0 — Dorn. Builders .. 0 10 0 Dorn. Fertiliser .. — 2 9 0 Donaghy’s Rope .. 2 7 6 —■— DXC 0 16 11 — Pref., x.d. 1 0 0 — Bunion, N.Z., pf. 0 15 9 — RZ. Ind. 0 18 6 Farrier - Waimak. 0 16 6 0 18 0 Fletcher Holds. .. 1 11 6 —* Frozen Products 0 8 0 — G. J. Coles, ex bonus 0 16 0

Buvers. Sellers. £. S. d. £ s. d. MISCELLANEOUS ;contd.) — Golden Bay 1 8 0 Gordon and Gotch 0 15 ■6 Greater Crystal .. 1 0 3 Griffin and Sons, 16s paid 1 14 0 — Hallenstein Bros. — 1 13 0 Hauraki Whaling 0 5 0 0 5 6 Hay’s, Ltd. 1 3 — Pref. 1 0 0 Harley 1 15 0 — Henry Berry 1 0 3 Pref. .. 0 19 9 —— Humes — 2 10 A.. N.Z. .. 2 0 3 2 10 3.s Gadsden 1 17 0 — Pref 1 0 0 — J. Wattie Can. .. 1 5 10 — K.DV. Indust. .. 0 10 9 — K.P. Drugs — 5 12 0 Mason, Struthers i 7 0 18 9 McKenzies — 15 7 Mid. Motors, pf- — 10 0 National Electric 6 5 0 7 0 0 N.Z.F. Fertiliser .. 1 16 0 —— Pref. 1 2 0 a—• N.7 Forest Prods. 0 17 1 0 17 4 N.Z. Indust. Gas, c.d. 1 13 0 — N.Z. Newspapers 1 13 0 — Relax, pref. 0 9 6 Quill. Morris 1 6 6 Reid Rubber —— 1 10 0 Pref. 0 19 6 — Ross and Glendining 1 5 3 Sanford 0 13 8 — Skellerup. pref. .. 0 19 0 Tasman .. 1 1 0 Tip Top Ice — 0 16 3 Toppa 0 3 7 0 4 0 Turnbull & Jones, pref. 0 17 9 — Ultimate-Ekco —— 0 17 0 Waltons 0 13 10 — Contrib. 0 12 3 —- Whakatane, ord. 0 19 9 0 19 10 Pref. .. 0 19 9 —— Whit, and Tombs 1 13 6 1 15 0 Wm. Cable Hdgs. 1 4 6 — Will., Jeffery 9 Wilson, Cement .. 0 13 7 0 13 9 W’worths., ord. .. 0 17 — Properties 0 14 6 (N.Z.), ord. .. 1 0 11 113 Prop., pref. 1 1 0 -- W. R- Cooke and Son 0 18 — Wilcox 0 4 0 —— OVERSEAS LISTINGS— W’worths. (S.A.) 0 14 6 — AUST. MINING— Mount Lyell 1 1 9 12 0 Ampol Expl or. .. — 0 9 3 Oil Search 0 8 0 UNLISTED STOCKS Beatbs (19s on deposit) Booth, Mac. 0 0 9 18 6 0 19 Buntings •• Canty. Saleyards 1 10 2 12 3 6 Christchurch Press 14 0 0 Kaiapoi Woollen 1 3 3 14 0 Pref. .. Mates Forests .. 0 1 9 0 2 3 Mercer, J., pref. — 116 N.Z. Motor Bodies 1 17 3 New, paid 1 16 0 —■ Rotovators 0 12 6 Regent Theatre .. 1 2 0 R. and E. Tingey 0 7 0 Scales St. Elmo Courts, pref. —

Vibrapac Blocks .. 14 0 — Woolston Tan. .. 0 16 0 — Woolf and Salvesen .. • • 15 0 19 0