COMMERCIAL Sharp Price Movements On Sharemarket

Press, Volume XCVI, Issue 28321, 5 July 1957, Page 15

COMMERCIAL Sharp Price Movements On Sharemarket

Some sharp price movements marked trading on the Christchurch Stock Exchange yesterday. g

, 1 ? .‘I st 1° sell at 41s 6d - Two parcels of AA oolworths, N.Z., sold Is lower at 20s nut S | SO, r *^ S £f red at 21s - NX Breweries ex dividend of 10.6 d sold at last week’s cum dividend price of 46s 6d. Colonial Sugar recovered 1 1OSS a 8316 at S 43 ’ Humes, N.Z., preference also made a good gain to sell at 20s 6d. ■ T/ o f n> e Wo ? lw °Hhs lights traded changed iLI n at r- S ? d A unchanged but one parcel sold Id higher. First Christchurch business in Coles since the shares became ex cash issue was done at 14s above Wednesday’s business in Dunedin. Ballins Breweries were firmer in a sale at 33s 6d, cum div. ’

A . go .? d voIu111 ? of business was well spread through the quotation list.

N.Z. SHARE TRANSACTIONS

AUCKLAND Sales.—Late Wednesday: 100 N.Z Insurance, 87s 3d; 290 Feltex, N.Z. i2s 6d; 2000 Ampol Con., 5s B|d; 100 Armstrong, Springhall, 29s 6d; 100 B-H. Pty., 42s 9d; 30 Colonial Sugar, Eyd., £42 15s; 260 Forest Products, 16s lid; 100 Tasman, 20s 3d 500 Woolworths, Sydney, 14s; 200 Kaiapoi Wool, (unlisted), 255. Yesterdav: £2OO 15/11/57-60, 3 per cent., £95 10s; £5OO 15/4/60-62. 3 per cent., £92 12s 6d; £3OO 15/5/64-66, 3 per cent. £B7 ss; £llOO 15/5/62 32 per cent £95 7s 6d; £5OO 15/8/65-66 4 per rent., £95 ss; 50 Comm. Bank Aust pref. £6 2s 6d; 114 N.Z. Breweries, Vss 6d; 400 Auckland Cas, 9s lOd; 1950 N.Z. Insurance, 87s 3d; 2700 Traders’ Finance, con., 15s 9d; 450 Huddart Parker, 45s 6d; 100 Ampol, 10s sd; 500 Auckland Laundry, 19s; 100 British Tobacco, 30s; 150 B.H. Pty., 43s 3d; 5 Colonial Sugar, Syd. £43; 1000 Consolidated Brick Pipe 15s 6d; 650 DJ.C., 17s 3d; 225 j’ Chambers, 245; 260 J. Yock, 34s 9d: B 0 K.P. N.Z. Drug, £5 8s; 600 Forest Products, 17s; 1250 N.Z. Packing Corporation, 235; 300 William Cable, 255; 900 Wilson’s Cement, 15s--500 Wool worths, N.Z., 20s; 225 Woolworths. Syd., 14s and 300 rts., 9s Id; 1200 W. R. Carpenter, 18s 6d. Unlisted: 1900 Booth, Macdonald, Is Jd; 335 Southern Cross Assurance. £s 6d. WELLINGTON Sales.—Late Wednesday: £l4OO 3 per cent., 1960-62, £92 12s 6d; £950 3J per cent., 1959-60, £97 10s; 150 N.Z. Insurance, 87s 3d: 50 Wright, Stephenson, 43s Gd; 490 Felt and Textiles, N.Z. (2 sales), 32s 6d; 100 Lane, Walker Indust., 365. Yesterday: £2OO 3 per cent., 1959-61, £94 15s: £5OO 3 per cent., 1961-63, £9l ss: £5OO 3 per cent., 1963-65, £B9; £750 3 per cent., 1962-64, £9O 2s 6d; £5OO 4 per cent., 1965-66, £95 ss; £5OO 41 per cent., 1959. £99 7s 6d; 1000 E., S-, and A. Bank, 33s 9d; 10 Bank New South Wales, £33: 17 Canterbury Meat, rts., £l6: 100 Wellington Gas, 40s; 250 N.Z. Insurance (3), 87s 3d; 20 Wright, Stephenson. 43s 6d; 100 Rotoiti Timber, 25s 6d; 20 Felt and Textiles of N.Z. (ord.), 32s 6d: 600 Ampol (2), 10s 6d, 300 (2) at 10s 5d and 500 cont. 5s 8d; 400 Alex. Harvey, 355; 150 A.CL 555; 50 8.H.P., 43s 3d and 50 at 43s 6d: 500 Cox Bros., 4s 2d; 100 Dunlop, N.Z., 20s; 600 E.Z. Indust., 17s 9d; 500 Fletchers, 32s 3d; 200 Golden Bay, cont., .255; 200 Henry Berry, pref., 80s 6d; 20 H.C. Sleigh, rts., Ils lid; 803 McKenzies, 265; 300 N.Z. Pack-

ing (3), 235; 400 Whakatane Board (2), 21s; 600 Woolworths, Syd., ex rts. (2), 14s; 490 W’wths., rts. (2), 9s Id and 958 (6) at 9s IJd; 100 Bing Harris (unlisted), 18s 3d.

Sales.—Yesterday: 400 Ampol Pet cont., 5s lOd; 1000 M.C.P., 3s 6d; 100 N.Z. Forest Prods. (2 sales), 16s lid; 168 Woolworths, rts., 9s 2d; 450 G. J. Coles, 14s 7d; 50 Turnbull and Jones, 435. Sales reported: £lOOO 3 per cent., 15/7/56-65, £B9 2s 6d; 400 Wright, Stephenson (5), 43s 6d; 650 Ampol Petrol., 10s 6d and 500 contrib., 5s 9d; 13 Colonial Sugajk (3), £43; 650 D.I.C. (2), 17s 3d/* 225 John Chambers, 245; 600 N.Z. Packing Corpn. (2), 22s 9d; 300 N.Z. Forest Prod., 16s lid and 142 at 16s lOd; 718 Wool worths, rts. (2), 9s 2d; 500 Ross and Glendining, 26s 3d; 300 Wilson Cement, 15s.

INVERCARGILL » Sales.—Yesterday: 758 Woolworths, Ltd., 14s, and 9 rts., 9s; 150 Aust. Consolid. Industries, 555.

OVERSEAS EXCHANGES

Sydney A sharp rise of 5s 3d to 17s 6d for Ampol Exploration was the outstanding feature of trading on the ■ j ney - Stock Exchange today. Key industrials. Commonwealth loans, textiles, metals, and oils all closed stronger. Uraniums were steady. Sales.—Commercial of Sydney, £2O 17s; Bank N.S.W., £36 7s 6d; Tooleys, 24s 6d; Tooth, 465; A.W.A., 5s paid, 9s 4d; British Tobacco, 37s 9d; Broken Hill Pty., 54s 6d; Burns Philp, 60s; Colonial Sugar, £52 2s 6d; D. Jones, 61s: Drug Houses, 29s 9d; Dunlop, 34s 9d; General Industries, 15s; Goldsbrough, Mort, 33s 7lfed; Associated News, pref., 17s 9d; Mount Isa, 35s 10y 2 d; New Broken Hill , 53s 9d: North Broken Hill, £7 Is; Ampol Petroleum, 13s 3d; Ampol Exploration, 17s 6d; Associated Oil, 3s H’gd; Freney, 9*, 2 d; Oil Search, 9 S sd; New Guinea Gold. Is lid; Peko, 6s 2d; N.A.U C 4s 2d. MELBOURNE The strength of the investment section was fully maintained, and rises covered all sections of the market. Broken Hill Pty. provided the high-light with a rise of 2s 3d. Turnovers were heavy, particularly in leading stocks. The main feature of the mining section was a rise of 2s 4d in Ampol Exploration, following a report of oil traces. Other mining was quiet at steady rates. Sales.—Commercial Bank, 18s id; Carlton Brewery, 22s 6d; Goldsbrough, 33s lOd; G. J. Coles, 17s lid; and, new, 17s 6d; Myer, 18s 7d; and, pref., 29s 9d: Woolworths, 17s 3d; and, rights, Us sd; Ampol, 12s 6d; and. Is paid, 6s 7d; Associated Pulp, 3” s A-P-M., 25s 6d; and, pref., 19s lOd; Associated Pulp, new, 19sA.W.A., Notes, 29s 6d; Colonial Sugar, £52 10s; British Tobacco, 38s; Broken Hill Pty., 555; Drug Houses, 30s; and. new, 295: Dunlop, 34s 10dE.Z. Industries, 22s 6d; Henry Jones, 65s 6d; Hume Industries, pref., 20s 6d; Humes, 55s 6d; 1.C.1., A., N.Z., 49s 7d; N.Z. Forest, pref., 235; Olympic, 7s lOd; Mount Isa, 36s Id; Mount Lyell, 25s 4d; New Broken Hill, 53s 6d; North Broken Hill, £7; Commonwealth Mining, 13s 9d; Uranium Development, 9d; United Uranium, 9s 9d; N.A.U.C., 4s 3d; Emperor Mines, 6s Id; Loloma, 32s 6d; paid, 32s 3d; Mount Morgan, 16s 6d; Ampol Exploration, 13s 3d; Oil Search, 9s sd; Santos, ss.

LONDON Dealings, in minings and other Australian securities on Wednesday included .-—Broken Hill South, 72s 6d; Broken Hill Proprietary, 42s 3d; Consolidated Zinc, 69s 3d; and, pref 12s; New Broken Hill, 43s 3d.

QUOTATIONS IN CHRISTCHURCH

CHRISTCHURCH Sales on ’Change, Lasted Stocks £ s. d. Var’n. 20 CTM., rts .. 16 0 0 N.C. 500 Nat. Mort, A 0 9 0 N.C. 200 Wr. Steph. .. 2 3 6 N.C. 320 W’worths, rts. (2) 0 9 2 N.C. 200 W’worths. N.Z. 1 0 0 —1/500 W’worths, N.Z. (2) .. 1 1 0 N.C. Sales Reported, Listed Stocks £800 3 p.c. 61-63 .. 91 7 6 £000 4L ’59 .. 99 6 160 C.B.A., pf. (2) 6 2 6 200 Ballins, c.d. .. 1 13 6 4-6d 100 N.Z. Brew, x.d. 2 6 6 -}-lld 133 Win. Cars. rts. 0 8 10| 500 L. Walker .. 1 16 0 N.C. 50 BJLP. .. 2 3 0 N.C. 10 Col. Sugar .. 43 0 0 +5/200 Coles, ex. cash issue .. o 14 9 400 Hay’s .. 1 4 10 N.C. 214 H. C. Sleigh. rights .. 0 12 0 300 Humes, N.Z., Pf. .. .. 1 0 6 +6d 100 I.C.I., A.. N.Z. 2 6 1000 M.C.P. .. o 3 6 600 N.Z. News. (2) 2 0 6 100 Waltons ... 0 15 6 N.C. 250 W’worths. rts. 0 9 2 N.C. 63 W’worths, rts. 0 9 3 4-ld 200 W’wths. N.Z. 1 0 0

Buyers. £ s. d. Sellers. £ s. d. N.Z. GOVT.— 1 p.c., 15/2/55-53 .. 100 5 0 1 P-C.. 15/4/56-59 . . 97 15 0 1 p.C.. 15/11/57-60 95 10 0 — i P-C., 15/8/59-61 .. — 94 17 6 1 p.c., 15/4/60-63 .. — 91 7 6 J p.c., 15/7/61-63 .. 91 5 0 91 15 0 1 p.c., 15/6/61-64 .. 89 0 0 89 5 0 1 p.c., 15/7/62-64 .. 90 0 0 — 1 p.C.. 15/5/64-66 .. 87 5 0 — U p.c., 15/9/57-60 —- 96 12 6 11 p.c., 15/9/59 .. — 98 15 0 U p.c., 15/6/59 .. 99 5 0 99 7 6 H p.C., 15/6/61 .. — 99 5 0 banks— Adelaide 1 11 6 A. and N.Z., *'B” 1 19 0 — womm. of Aust. .. 0 15 3 0 15 6 Pref 6 0 0 6 5 0 E_, S., and A. .. 1 15 0 Nat. of NJZ. 19 6 NSW. 32 15 0 Svdnev 29 10 0 30 10 0 BREWERIES— Ballins, ord., c.d. 1 13 0 1 13 9 Pref., c.d. 10 0 113 Dominion 5 0 0 New Zealand, x.d. 2 6 6 2 7 0 Westland 2 6 0 — frozen meat— Canterbury, rights 16 0 0 16 2 6 Pref. .. 6 10 0 __ Gear 1 5 11 N.Z. Refrig. 2 9 0 Nth. Cantypref. 1 1 0 — Southland 3 14 0 — Waitaki 1 13 6 — South Otago 10 1 0 G AS— Auckland 0 9 6 5s pd. 0 5 3 — Christchurch 1 1 3 —m Cont. , . 0 15 3 —— insurance— National 18 3 ■ New Zealand 4 7 0 4 7 6 South British 4 12 3 —— Standard 1 1 6 LOAN AND AGENCY— C.F.C.A., fully pd. 2 12 0 — Ord. 17 9 Pref. 2 12 0 2 16 6 Credit and Fin. 12 0 14 0 Dalgety, "A” 0 14 6 - 0 14 6 Goldsbrough Mort 17 9 Nat. Mort., “A” .. 0 8 10 0 9 0 0 9 0 0 9 2 N-ZF. Co-op. 0 15 3 First pref. 0 16 6 — A" pref. 0 15 6 — B pref 0 IS 6 0 15 9 4’i p.c. Stk.. *60 96 15 0 — 4 1 p.c. Stk. ’65 —— 94 15 0 p.c. Stk., 27/7/61 — 96 15 0 N Z. Guar. Corpn. — 0 3 3 N.Z.L. and Mer., ord. 13 3 Sth isi. Finance 1 11 6 L nited Build. 0 18 0 — Wright, Stephenson 2 3 6 Pref. 10 6 SHIPPING— Huddart Parker 2 5 0 Huddart Parker, P re f. 0 16 3 P and O. 1 12 0 Union, pref. .. 13 3 TIMBER— Kauri .. 110 113 Putaruru .. 0 11 0 WOOLLENS— Bonds 0 18 4 Feltex 10 9 N 7. 1 11 9 Pref. 10 0 Lane. Walker Ind. 1 15 9 _ Pref. 10 3 Tekau, c.d. 18 0 18 6 Pref.. c.d. * * 0 19 6 10 0

Buyers. £ s. d. Sellers. £ s .d. WOOLLENS (Contd.)— Timaru 0 19 9 10 6 Wellington 1 14 0 MISCELLANEOUSAlloy Steel (N.Z. 2 6 3 Amal. Bat. 17 6 —. Ampol 0 10 5 __ Contr. 0 5 6 0 6 3 Andersons, 1st pf. 0 19 9 Andrews and Bea. 14 9 15 3 Apex Ice 2 11 6 Aulsebrooks, pf.. x.d. 0 19 9 10 0 A.W.A. .. 0 7 7 Aust. C.I. 2 14 3 — Beath and Co. .. 1 14 6 — Pref. .. 10 3 Brit. Tobacco 1 10 0 _— Broken Hill Pty. 2 3 0 2 3 1 Consol. Met. Ind., pref. 10 3 Burns,, Philp 2 9 0 2 10 0 Canty.’ Rol. Flour 0 14 0 Claude Neon, N.Z. 2 11 6 — Colonial Sugar .. 42 15 0 43 0 0 Consol. Brick 1 15 0 — Cyc. Fence, pf. 10 0 Dom. Builders 0 10 0 — Donaghy’s Rope 2 7 6 — D.I.C. 0 17 1 —— Pref. .. 10 3 — E.Z. 0 17 9 0 18 3 Evans Atlas 0 14 0 Farrier - Waimak 0 17 3 Fletcher Hold., c.d. 1 12 9 C pref., c.d. .. 0 19 0 G. J. Coles, cash issue 0 14 7 0 15 0 Golden Bay 1 10 0 Gordon & Gotch 0 16 3 —— Greater Crystal .. 12 0 Griffin and Sons 2 4 6 15s paid 1 15 6 Hallenstein Bros. 1 13 6 Hauraki Whaling 0 5 0 Hay’s, Ltd. 1 ~4 9 15 0 Giant Ind. — 0 10 10 H. C. Sleight, rts. 0 12 0 Henry Berry, ord. 10 6 Pref 10 0 Henry Jones 2 10 0 Humes (N.Z.), pf. 10 6 10 9 I.C.I., A., N.Z. .. 2 13 2 19 J. Yock 1 14 0 J. Gadsden 2 0 0 Pref. 10 3 110 K.P. Drugs .. 5 7 6 M.C.P. .. 0 3 3 0 4 9 Maling. pref. 0 18 0 — Love Const. 1 4 0 McKenzies, x.d. .. 1*5 9 ... Mid. Mot. Pf.. x.d. — 0 19 9 Milbum Lime 18 0 18 6 M.K. Manf. — 0 11 6 N.Z. Packing 12 9 13 0 National Electric 6 2 6 —. N.Z. Cement 0 10 3 N.Z. Forest Prods. 0 16 10 0 17 0 N.Z. Newspapers 2 0 0 2 10 N.Z. Paper Mills 17 0 MW Quill Morris 17 0 *W. Reid Rubber — 19 6 Ross and Glend. 15 6 — Simpson and W’. 2 11 0 — Skellerup, pref. 0 19 0 0 19 1 Tasman .. 10 0 Tip Top Ice —— 0 16 0 Transport (Nels.) 1 10 6 1 12 0 Truth (N.Z.), c.d. 2 3 0 — Turnbull and J. Pref. .. 0 18 3 Waltons 0 15 4 0 15 6 Weeks, pref. 1 0 3 110 Waltons, cont. .. 0 13 6 — Whakatane, ord. 110 W Pref. 10 3 —- Whit, and Tombs 1 14 7 — Wm. Cable Hldgs. 14 9 15 5 C pref. 0 19 6 Wilsons Cement — 0 15 0 W’worths, ord. .. 0 14 0 14 2

Buyers. £ s. d. Sellers. £ s. d. MISCELLANEOUS, Contd.: Rights 0 9 2 0 9 3 (N.Z.), ord. .. 10 0 10 1 Pp., pref. 113 — W. R. Carpenter 0 18 0 0 18 6 W. R. Cooke &(Son 0 19 3 — Aust. Mining— C/wealth. 0 11 0 — Mount Lyell 10 9 — Mount Isa 19 0 — Timor Oil 0 7 0 0 8 0 UNLISTED STOCKS Beath, 19s on dep. —— 16 0 Booth Macdonald 0 13 0 16 Buntings 1 10 7 — Canty. Seed 18 0 19 0 E. W. Mills 8 10 0 — Finance and Dis., ord. 12 0 13 6 Kaiapoi Woollen 14 6 •— Pref. 14 0 Matea Forests .. ■ Mercer, J., pref 113 — N.Z. Motor Bodies 1 19 0 —— Reece, E., ord. 0 6 6 — Regent Theatre .« 12 0 — Vibrapac Blocks, Otago ■MM. 0 5 3 Zealandia Soap .. 0 9 6 W —