COMMERCIAL Prices Variable In Active Market

Press, Volume XCVI, Issue 28434, 14 November 1957, Page 19

COMMERCIAL Prices Variable In Active Market

Price movements were variable in an active market on the Christchurch Stock Exchange. Although only one call was held, turnover, spread over many issues, was above average.

Ratlins Breweries, Broken Hill Proprietary and oolworths (N.Z.) sold at higher prices than in previous Christchurch business. One parcel of Fletcher Holdings sold at 28s 9d and another sold at 28s 6d unaltered.

Wright Stephensons, Amalgamated Wireless and Waltons contributing were easier.

N.Z. SHARE TRANSACTIONS

CHRISTCHURCH

' V I U IN .U. •Late sales Tuesday. AUCKLAND Sales.—Late Tuesday: £5500 15/4/ 60-62. 3 per cent.. £92: £630 15/7/6365. 3 per cent.. £B7 17s 6d: 200 Holeproof. 13s 3d; 700 A. Harvey. 23s 9d: 200 A.C.1.. 47s 6d; 350 Broken Hill Pty., 38s; 200 Charles Begg. 555; 137 Forest Products, pref., 19s 9d--350 Sanford, new. 19s 3d. Yesterday: £4OO 15/4/60-62. 3 per cent £92; £7BO 15/4/60-63, 3 per cent ’ £9O 7s 6d; £IOOO 15/7/61-63. 3 per cent. £9O 17s 6d; £IOBO 15/7/63-65, 3 per cent.. £B7 17s 6d: £3OO 15/9/65, 32 per cent., £92 ss; £IOOO 15/8/60 4j per cent.. £99 10s; £llBO 15/6/6667. 42 per cent., £9B 10s; £3OO Auckland Gas Company perp. deb.. 4J per cent.. £72 10s; 200 Newton King, 16s lid; 600 Northern Steam, 10s 9d; 300 Kauri Timber, 20s 7d: 100 Feltex N.Z.. 335: 200 Holeproof, pref., 16s: 5 Colonial Sugar. £32 15s: 200 Consolidated Brick, 15s 10d; 350 Fletchers. 28s 9d; 150 J. Gadsden. 455; 200 J. Wattie 245; 200 Milne and Choyce, 50s; 1000 Motor Specialties, rights, Ils 6d: 1200 Forest Products. 16s; 500 N.Z. Packing Corp.. 21s 6d; 100 N.Z. Refrigerating. 47s 9d; 1150 Ross and Glendining. 255; 400 Taubmans. 10s Id: 500 Waltons. 16s lid: 200 Whakatane Board. 235; 16 Woolworths N.Z., rights. 6s lOd: 300 Emperor Mines, 6s; 100 Winstone (unlisted), 44s 6d. WELLINGTON Sales.—Late Tuesday.— £2200 3 per cent.. 59-61. £93 12s 6d; £655 3’ per cent., 57-60. £95 10s; £6OO 4J per cent., 1961. £99 17s 6d: £555 per cent. 66-67. £9B 10s; 800 G. J. Coles, 14s 7d; 1500 Hauraki Whaling. U 3d; 600 McKenzies (2 sales), 18s. Yesterday; 1000 3 per cent., 56-59, £97 15s; 210 3 per cent.. 57-60. £95 10s: 400 3 per cent., 6062. £92: 1000 3 per cent., 61-63. £9O 17s 6d; 2500 3? per cent.. 59 (2). £9B 7s 6d; 400 4J per cent.. 61. £99 17s 6d; 1180 42 per cent.. 66-67, £9B 10s; 100 Kauri Timber. 20s 6d; 800 Bonds Hosiery (3). 15s; 600 Amalgamated Wireless ex div, 8s 9d: 120 Broken Hill Pty.. 38s 3d: 200 Clyde Engineering, 21s 6d; 100 Fletcher Holdings, 28s 9d; 900 Frozen Products (3), 6s: 200 G. J. Coles. 14s 7d. and 100 allotments. 14s 7d; 200 Golden Bay Cement (2). 36s 6d: 200 McKenzies. IBs; 650 Motor Specialties, rights, Ils 6d: 150 Ross and Glendining, 255; 500 Waltons-Sears. 16s lid: 200 Wm. Cable Holdings. 25s 3d; 400 'Woolworths, Sydney. 14s 8d: 622 WoolWorths, N.Z., rights (2). 7s. DUNEDIN Sales.—Yesterday; 400 Commercial Bank 15s 4d: 200 Fletcher, C pref.. 19s 6d: ion D 1.C.. 17s 3d: 150 G. J. Coles (new). 14s 7d: 500 N.Z. Forest Products, 16s; 133 Commercial Ban!

15s 4d; 200 Fletcher Holdings, 28s 6d. k Sales Reported.—3oo Charles Begg 555; 300 Consolidated Brick, 15s 9d; y 150 Coulls, Somerville, Wilkie. 445; I ’ 100 Fletcher Holdings (2 sales), 28s .. 6d; 50 Kempthorne, Prosser (N.Z.) ’’ Drug. £5 Is; 300 McKenzies (N.Z.), >' 18s; 300 McSkimming Industries. 20s; / 900 Waltons (2), 16s lid; 100 William Cable Holdings, “B" pref., 19s; 600 Woolworths Ltd., 14s 8d; 64 Woolworths (N.Z.) rights. 7s; £750 4 J il per cent., 15/6/61, £99 15s; 200 A. and T. Burt (unlisted. 2 sales), 555. y. INVERCARGILL st 200 Bonds Hosiery. 15s; 200 Amalik.gamated Wireless. 8s 9d.

OVERSEAS EXCHANGES

Sydney ’ Key industrials, textiles, and Com- ’ monwealth loans were firm on the . Sydney Stock Exchange yesterdav. 1 Metals and uraniums were steady. ( Oils were easier. j Sales.—Comm, of Sydney, £2l 10s: • Bank N.S.W., £37; A.W.A., 10s Id; ' A.C.1., 55s 6d; British Tobacco, 325: s Broken Hill Pty., 465. and new 45s 6d; Colonial Sugar, £39; Courtaulds. 17s; D. Jones. 725; Drug Houses, 345; Dunlop. 34s 9d; E.Z. Industries, 20s . 7Jd; Felt and Textiles. 24s 3d; G. J. 1 Coles. 17s 9d, and new paid 17s 9d; < Goldsbrough, Mort, 32s 6d; 1.C.1., 555; ‘ Waltons, 19s 7id. and 4s 2d paid 17s 9d; Winchcombe, 44s 3d; Wool- , worths, 17s 10id; Woolworths, N.Z., J 21s 3d; Yarra Falls, 24s 9d; Mt. Lyell, 22s lid; Mt. Isa. 33s 7id; North , Broken Hill, £5 17s 6d; South J Broken Hill, 86s; Ampol Petroleum, 12s 3d; Ampol Exploration, 7s lOd; Associated Freney, lid; A.0.E., paid, , 2s lOd; Oil Search, 7s 3d; Mt. Mor- J gan, Ils lOd; Peko, 4s*Bd; N.A.U.C., Is; Comm. Mining. 10s 2d; Timor. 8s 6d. I MELBOURNE Investment shares showed a firmer - tone with Drug Houses, up 6d. pro- ; viding the sharpest movement. 1 Broken Hill South rose Is 9d in ; an otherwise easier mining section. Sales.—Commercial Bank. 18s 3d; - Carlton Brewery. 23s 9d; A.W.A., 10s; , Coles, 17s Bd, and new 17s 7d; Myer, , 19s lOd; Woolworths, 17s lid; Ampol, r 12s 3d, and paid 8s 2d; Associated •. Pulp, 34s «d; A.C.1., 55s 3d; A.P.M., 27s sd, and pref. 19s 9d; British To- '. bacco, 325; Broken Hill Pty., 46s 3d; - Courtaulds, 16s lid; Drug Houses. - 345; E.Z. Industries. 20s 8d; Felt and r Textiles. 24s 6d. and pref. 2nd 6 per s cent.. 19s 9d; Gordon and Gotch, 19s n 6d; Herald, 255; Humes. 535; 1.C.1., * A.N.Z., 54s 3d; Kauri Timber, 23s 6d, : and new 235; Olympic, 7s 9d; Patons - and Baldwins. 31s; Broken Hill - South. 86s 3d; Mt. Isa, 33s lOd; North u Broken Hill, £5 15s 6d; Common- • wealth Mining. 10s Id; N.A.U.C.. lid; n Uranium Development. 6d; United ’ Uranium. 7s; Mt. Morgan, Ils lOd; ' Ampol Exploration, rights. 2s lOd; s Oil Search, 7s 2d; Timor Oil, 8s 7d. LONDON Sales (indicated with an asterisk) ;. and quotations on Monday included: 1. Aust, and N.Z. Bank, 35s*; Commercial Bank of Aust., buyers 13s 9d. r sellers 14s 9d; E., S., and A. Bank, i 27s 3d*; National Bank of Aust... 26s 1 6d. 27s 6d; Bank of N S W., £29 7s 5 6d*; British Tobacco. 24s 6d. 25s 6d; 0 Goldsbrough, Mort. 23s 6d. 255; Dalj gety, 29s 9d*; National Bank of N.Z.. 224 s 6d, 265; Aust. Merc. Land and , r Finance. £69. £7O; Dalgety. 4 per cent., 1975-80, £7O, £72; N.Z. Loan I- and Merc., ord., 4 per cent., £55. i 0 £57; N.Z. Loan and Merc., ord. i 8 stock, 23s 3d, 24s 3d; P. and O. DeI; ferred (mid rate), 26s 3d. ;; Minings.—Consolidated Zinc, ord.. Is 55s 7Jd; Mount Isa, 26s d •" ■ ■ ■ ■.

QUOTATIONS IN CHRISTCHURCH

t> Honey Prices in U.K. — On a market that continues to be quiet, 9 prices for all grades of New Zealand honey are affected by lower - world prices, states the London 1 office of the Bank of New Zea--9 land in its monthly market survey. Australia continues to offer large quantities at low prices. 6 Sales down to 95s per cwt have been made for the best grades of 0 Australian on the basis of c.i.f n London. Quotations are: New Zealand light amber, 135 s per cwt ex store; extra light amber, 1455; white clover, 1555; Jamaican, 125 s g ex store.

Bales on ’Change, Listed Stocks £ s. d. Var’n. 100 Ballins Brew. 1 14 9 n.C . 300 Wright Steph. 2 2 0 —6d 150 Bonds 0 15 0 N.C. 120 Cyclone, c.d. 1 13 0 — 200 Waltons, cont. 0 15 6 —3d 800 W'wths. N.Z., (2) .. 0 17 6 4-ld 498 W’wths., N.Z., rts. (7) .. 0 7 0 N.C. Sales Reported. Listed Stocks <3000 4 3 4 p c., 62-63 99 10 0 — 300 Ballins Br. (2) ..1 15 0 -|-3d 200 Dom. Br.* .. 4 18 6 —6d 225 Timaru Wool* 1 3 0 N C 500 A.W.A.* .. 0 8 9 —6d 200 B.H.P. .. 1 18 3 +9d 100 Fletchers, c.d. 18 6 N.C. 200 Fletchers, c.d. 1 8 9 4-3d 235 J. J. Niven .. 2 5 0 N.C. 100 Watties Can. 14 6 — 150 K.P. Drugs .. 5 10 N.C. 1000 Ross and Glend .. 1 5 0 N.C. 300 Waltons, con. 0 15 6 —3d 64 W wths., N.Z., rts. .. 0 7 0 N.C.

Buyers. £ s. d. Sellers. £ s. d. N.Z. GOVT.— ,V 8 p.c., 15/2/55-58 .. 100 0 0 E 3 p.c.. 15/11/57-60 95 5 E 3 p.c., 15/8/59-61 93 12 F 3 p.c., 15/4/60-62 91 17 6 33 p.c., 15/9/59 . . 98 5 0 — 32 P c., 15/9/74 . . 87 10 0 C 4J P.C., 15/6/59 ..100 7 6 100 10 o c BANKS— I A.N.Z. .. 1 14 0 —— "B” .. .. 1 15 0 Comm, of Aust. .. 0 15 4 Pref. .. .. 6 0 0 — E.. S. and A. .. — Nat. of A’sia., £1 1 10 0 c.d. .. .. — 1 8 3 ‘ 12s 6d. c.d. .. 0 17 6 Natl, of N.Z. .. 16 6 N.S.W., x.d. .. 33 10 0 — breweries— Ballins, ord. .. 1 14 9 1 15 i 0 Pref. .. .. o 19 0 — Dominion .. — 4 18 6 New Zealand .. 2 9 0 2 9 9 Westland .. 2 6 frozen meat— 0 — Canterbury, pref. 6 7 6 — N.Z. Refrig. .. 2 7 2 2 7 6 Southland .. — 3 0 6 Waitaki .. 2 1 0 — GAS— Auckland .. — 0 9 o Christchurch .. — 0 9 Wellington .. — 1 16 o INSURANCE— National .. 18 6 Merc. Mutual 2 3 6 — LOAN & AGENCY— Chch. Building .. 15 0 0 Credit, and Fin. 1 2 0 1 4 6 Dalgety 19 9 — Golds.. Mort., c.d. 1 6 9 1 8 o Mutual Benefit .. 16 6 — Nat Mtge., "A” 0 8 0 0 8 3 "B” .. ..0 8 3 0 8 6 N.Z.F. Co-op. .. 0 16 0 0 16 6 First pref. .. — 0 17 o “A” pref. .. 0 15 9 —- *’B” pref. .. 0 15 9 0 16 1 N King. pref. .. — 1 2 9 L’niteu Bldg. .. — 0 18 3 Wright, Stephenson .. .. 2 1 6 2 2 2 Pref. .. ..11 3 —— W.F.C.A. .. 0 5 6 — shipping— N Z., pref. .. — 9 10 0 Huddart Parker .. 2 5 9 •— Pref. .. .. 0 16 9 Northern, cd. .. 0 10 — Union, pref. .. 13 1 — timber— Kauri .. — 1 0 7 WOOLLENS— Bonds .. 0 14 9 Feltex .. .. 10 0 1 1 3 N.Z. .. .. 1 12 3 — Holeproof .. — 0 13 9 Pref., c.d. . - — 16 6 Lane. Walker. Ind. 1 18 6 — Pref., c.d. .. 10 6 — Tekau .. .. — 1 8 6 Timaru .. 12 9 3 3 Wellington .. 1 17 0 0 0 MISCELLANEOUS— Airwork. pref. .. — 1 0 Alloy Steel (N.Z. — 0 0 Amal Batt. .. 1 10 0 — Ampol .. 0 10 3 — And. and Bea ven 1 7 6 — Pref. .. .. — 19 9 Apex Ice .. 2 14 0 — Aust., C.I. .. 2 7 0 — Aust. Found. Inv. — 6 3 A.W.A. .. 0 8 9 8 11 Beath and Co. .. — 16 9 Pref. ..10 0 — Brit. Tobacco .. If — 3 Broken Hill Pty. 1 18 18 Bnrns. Philp .. 2 f n 10 6 Bycrnft 2 4 6 — Claude Neon. N.Z. — 15 0 Coulls. Somerville 2 ' 0 — Cyclone Fence .. IK 0 14 0 Cox Bros. .. 0 1 2 —— Dom. Builders .. 0 9 3 — D.I.C. .. 0 17 0 —— Dunlop, N.Z. •• 1 J Pref. .. .. — 6 16 9

Buyers. £ s. d. Sellers £ s. d. Miscellaneous (Cont.) — E.Z. 0 17 0 Email 0 6 9 Fletcher Holding c.d. 18 3 18 9 "B” pref., c.d — 0 19 6 G. J. Coles 0 14 7 0 14 9 1 Griffin and Son 0 12 0 0 13 0 Hallenstein Bro 1 16 1 Hay’s, Ltd. —— 16 3 Pref. .. 10 3 Henry Berry, orc 12 9 Humes 2 3 0 Humes (N.Z.), p 10 0 J Gadsden, p 1 0 0 John Chambers 110 J. J. Niven 2 5.0 2 5 3 J. Wattie Can. 14 6 K.P. Drugs — 5 10 M.C.P. 0 3 3 Maling, pref. 0 19 0 North Shore Tp 0 14 0 McKenzies 0 17 9 0 18 1 McLeod — 2 5 6 Mauri Bros. 1 12 0 Midland .Mot., — 10 0 Milburn Lime 19 6 M.K. Mfrs. — 0 11 9 N.Z. Packing 1 1 4 12 0 Natl. Electric 6 17 6 N.Z. Cement — 10 6 N.Z. Express 1 10 0 — N.Z. Fertiliser 1 17 9 1 18 6 N.Z. Newspapers — 1 19 0 Northern Roller — 2 2 0 Norvic Shoes . 0 16 0 — Otago D rimes 2 11 6 — Quill Morris 17 6 —— Ross and Glend. 1 4 11 — Sharland . 3 2 0 — Silknit 0 14 0 — Skellerup, pref. — 0 19 11 United Box . 1 12 6 — Tasman .. — 0 17 0 Tip Top Ice . 0 14 3 0 14 6 Ultimate-Ekco —- 0 16 9 Waltons — 0 17 1 Contrib. — 0 15 6 Weeks 17 0 19 6 Whit, and Tombs, x.d. — 1 16 3 Wm. Cable Hdgs. 14 9 Will Jeffery 1 4 0 — Vibrapac . 14 9 — W’wths., ord. . 0 14 R — (N.Z.), ord. . 0 17 5 — (N.Z.), rts. . 0 7 0 0 7 3 Vesta Batteries 0 11 0 — AUST. MINING— Mount Isa . 17 6 — Mount Lyell . 0 18 6 — Timor 0 7 3 •— Comm. Mining . 0 8 3 — UNLISTED STOCK Buyers. Sellers. £ s. d. £ s. d. Beaths, 19s on dep. —- 16 9 Booth. Macdonald 0 1 1 —• Buntings 1 8 w — New 17 6 Burt., A. and T. 2 14 6 Canty. Seed — 17 6 Fin. and Dis., ord. — 13 0 Kaiapoi Woollen 1 4 0 — Matea Forests 0 2 3 0 3 0 Scales .. 0 12 0 Woolston Tan. .. —