COMMERCIAL Week Closes Quietly On ’Change

Press, Volume XCVII, Issue 28642, 19 July 1958, Page 15

COMMERCIAL Week Closes Quietly On ’Change

The Christchurch Stock Exchange was again quiet yesterday and, for the few parcels traded, parcels were variable.

One parcel of Charles Begg and Company changed hands at 52s 6d, 6d higher than in most* recent local trading. A further two parcels of this stock were steady at 525.

New Zealand Breweries were 3d easier at 49s 9d. and Cyclone Fence and New Zealand Packing were also easier. Reid-Murray Holdings were steady.

N.Z. SHARE TRANSACTIONS

CHRISTCHURCH

Sales— Late Thursday: 100 Bank New South Wales. -£3l 12s 6d: 686 Auckland Gas, 6s 3d; 200 National Insurance. 275; 100 A.C.1.. 495; 10 Colonial Sugar, Syd. reg.. £37 7s 6d; 100 Milne. Choyce. 42s 6d: 200 N.Z. packing Corp., 21s 6d; 1000 Waihi Invest.. ss. Yesterday: £4OO 153.62, 3’A P er cent., £96; 200 Com. Barik Aust., 15s 9d and 300 at 15s ipt-d: 5 Bank New South Wales, £3l ios: 100 N.Z. Insurance, 75s 6d; 100 B-H- Pt? - 40 s 6(1 • 10 Colonial Sugar. £37 7s 6d: 500 Cox Brothers, 4s lid: 100 Farmers’ Trading. 40s 6d; 200 Forest Products, 16s lid; 200 North Shore Transport. 17s; 120 Phillips, Impey. 395: 250 Rubber Distributors, 7s 6d: 100 Taniwha, 265. WELLINGTON

Sales.— Late Thursday: £4OO 3 3 i rer cent.. 1959. £99 12s 6d; £5OO 3 J 4 per cent., 1962. £96; 200 Felt and Textiles, Aust.. 225; 50 8.H.P., 41s 6d: 100 Chas. Begg. 52s 3d. Yesterday: £4OO 3 per cent . 1960-63, £92 10s: £3OO *.-> 2 per cent., June. 1961. £99; £5OO 3 per cent., 1964-66, £B7 12s fid: £lOOO 4 3 4 per cent.. 196263. £lOO 17s 6d: 200 Natl. Bank N.Z., 26s 9d; 15 Bank New South Wales, £ll 10s: 150 N.Z. Breweries (3), 49s id; 209 N.Z. Refrigeration, 425: 200 South British (2). 73s 6d; 100 8.H.P., 41s: 200 Claude Neon, N.Z.. 45s 6d; 100 Farmers' Trading. 40s 6d; 100 G. J. Coles. 16s; 300 Griffins, 12s 6d;

100 K.P.N.Z. Drug (2». 775; 700 HZ. Forest Products (2). 16s lid; 200 R and E. Tingey. 6s 7d: 100 Ross and Glendining, 24s 6d; 550 Rubber Distributors (2). 7s 6d; 100 Tip Top (2), 13s 6d. Unofficial: 100 East Coast Farm Fert.. £1 paid. 15s; 20 HB. Fanners’ Meat. £5 F.P. (odd), £6.

Sales.— Yesterday: 200 Auckland Gas 6s 3d; 100 Charles Begg and Co., £2 12s 6d and 100 at £2 12s; 150 Ross and Glendining. £2 4s 6d; 100 Broken Hill Pty., £2; 200 N.Z. Forest Products. 16s lOd; 200 Tip Top Ice (Aucklandi. 13s 6d; £4OO 3 per cent.. 15/7/62-64. £B9 10s-; 300 Commercial Bank. 15s 10> 2 d: 100 Dominion Rubber, 17s; 100 Farmers’ Trading, £2 0s 6d..

OVERSEAS EXCHANGES

Sydney

Key industrials and textiles were again weak on the Sydney Stock Exchange yesterday. Metals and Commonwealth loans were firm, oils and uraniums were steady.

Sales.—A.N.Z. Bank, 41s; Comm, of Aust., 18s l£d; Comm, of Sydney, £2O 4s, and new £l9 12s; National, 12s 6d paid, 22s 9d, and 20s paid 36s 3d; Bank N.S.W., £35 10s; Tooheys, 24s 6d; Tooths, 46s 6d; British Tobacco, 335; Broken Hill Pty., 46s 6d, and 10s paid (MR), 355; Burns Philp, 55s 3d; Colonial Sugar. £4l ss; D. Jones, 435; Drug Houses, 32s 6d; Dunlop, 37s 6d; E.Z. Industries, 16s 3d; Email, 6s 9d; General Industries, 17s 4’d; G. J. Coles, 18s 4Jd; H. Jones. 50s; Morts Dock, Ils: N.Z. Forest, 20s 4’/ 2 d; Waltons, 17s 3d; Woolworths. 19s 9d; Mt. Isa, 30s 3d; Ampol Petroleum. 13s 4d; Ampol Exploration. 5s lOd; Oil Search, 2s 9d; New Guineae Gold, Is lOd; Peko, 5s 7d; Placer, 91s 6d; United Uranium, 5s 4d; Timor, 3s. MELBOURNE Investment shares reacted sharply to the weakening trend of Thursday and the uncertainly in the Middle East on the Melbourne Stock Ex- | change yesterday. Selling pressure resulted in six falls to each rise after a slight recovery on afternoon change. Hire purchase and retailer sections moved sharply downwards. G. J. Coles easing 8d and Wool worths 6d. Mining shares recorded - a steady j tone on light trading. Silver-leads firmed slightly.

Sales.—A.N.Z. Bank. 41s, and B 43s 6d; Commercial Bank, 18s 3d; General Motors, pref.. 235; A.W.A., 13s 6c?: Goldsbrough, 29s 3d; G. J. Coles. 18s, and pref. 26s lOd: Wool worths. 19s; Ampol, 13s 4d, pref. 20s Id, 3s paid 10s 2d. and notes 8s 9d; Aust. Iron and Steel, pref., 25s 6d; Associated Pulp, 30s 9d; A.C.1.. 54?; A.P.M.. 27s sd, and notes 16s 3d; Bradford Cotton. 35s 6d: Broken Hill Pty., 475, and 10s paid 365; Colonial Sugar, £4l 17s 6d; Courtaulds. 16s lOd: Drug , Houses, 32s 6d; Dunlop, 7s lOd, and pref. 32s 9d; E.Z. Industries. 16s 6d; Felt and Textiles. 245; Henry Berry, 'pref.. Ils 6d. and options 9d: Herald, 28s 6d; Humes. 555: 1.C.1., A.. N.Z., 59s 6d, and new 595; Kauri Timber, ’notes, 21s; N.Z. Forest. 20s; Olympic. 7s 7d. and pref. 20s 2d; Broken Hill South; 58s; Consolidated Zinc, 62s 3d; Mt. Isa. 30s 3d: Mt. Lyell. 21s 6d; North Broken Hill. 935; United Uranium, 5s 3d; Emperor Mines. 5s sd; Lake View. 30s; Ampol Exploration, 5s lOd; Oil Search, 2s sd; Santos, ss; Timor Oil, 2s lid.

London Stock Exchange mining quotations on Thursday included:— Consolidated Zinc, 47s 10£d. and pref. 12s 4Jd: New Broken Hill, 335; Mt. Lyell. 15s Jpd.

QUOTATIONS IN CHRISTCHURCH

SHAREMARKET INDICES

Sharemarket indices are;— New York.—Dow Jones.

sales on ’Change: Listed Stocks ® £ s. d. Var'n. f son 3 p.c., 57-60 .. 96 0 0 — * MO N Z. Brew. ... 2 9 9 —3d , 140 United Build. 0 17 9 — Sales Reported: Listed Stocks 400 N:Z-F.C.A. A pref. 0 13 9 — 300 Begg & Co.. 2 2 12 0 N.C. 100 Beggs 2 12 6 —6d 200 Claude ?*eon 2 a 6 — 100 Cyclone 112 6 —1/100 Dom. Rubber 0 17 0 — gg j. Gadsden .. 1 11 0 — 200 N.Z. Packing* 1 1 6 —6d 1000 Reid-Murray 0 10 0 N.C. •Late Sale Thursday. ALCKL.‘ LND

£. s. d. Sellers. £ s. d. NJZ. GOVT.— 3 p.c.. 15/11/57-BO 95 7 6 1 p.c., 15/8/59-61 96 0 0 3 p.C., 15/4/60-62 93 .5 0 3 p.c.. 15/4/60-63 92 . * 0 3 p.c., 15/7/61-63 91 0 — 3 p.c., 15/7/63-65 — 88 0 3 p.c., 15/5/64-66 87 12 6 3j p.c., 15/9/57-60 97 0 0 3? p.c., 15/6/59-60 97 10 0 3j p.c., 15/5/62 .. 96 0 0 96 0 31 p.c., 15/9/65 .. — 93 15 0 3J p.c., 15/6/65-66 92 0 0 — 31 p.c., 15/9/69 .. ‘JO Ip 0 31 p.c. 15/9/74 . . 87 10 0 — 4 p.c., 15/8/65-66 94 15 0 — 41 p.c., 15/6/59 .. 99 10 0 — 4J p c., 15/8/60 .. 100 10 0 — 41 p.c., 15/6/61 .. 99 0 0 4| p.c.. 15/6/66-67 97 10 0 —■ 4J p.c.. 15/8/62-63 100 12 6 — 41 p.c., 15/8/67-69 Auck. E P.B.. 4 99 10 0 — p.c., 8/3/59 Lytt Harbour, 4$ — LOO 0 p.c.. 1/7/61 — 98 0 1/7/59 Chch. Dram., 4j — 99 10 0 P.C., 20/9/61 — 99 15 0 BANKS— A. and N.Z. 1 15 3 1 17 0 “B" 1 17 0 — Comm. Aust., c.d. —. 0 16 3 Nat. of N.Z 1 6 0 — N5.W. — 31 10 0 BREWERIES— Ballins, ord. 1 9 0 1 ”6 New Zealand FROZEN MEAT— — 2 10 0 Canterbury Pref 21 0 0 NZ. Refrig 2 1 6 2 1 3. 0 Southland, c.d. .. GAS— 2 15 0 2 19 5 Christchurch — O' 18 Wellington INSURANCE— 1 0 0 — F-A.M.E. 1 6 9 Pref — 1 6 u National ] 7 0 — NZ., c.d. 3 16 0 3 16 6 Queensland 3 4 0 South Bfitish 3 12 0 — LOAN and agency CT CA., ord. .. 2 14 Q 2 16 6 Golds., Mort 1 6 0 — N.Z.F. Co-op. — 0 15 0 First pref. "■2F. Co-op., “A** 0 15 0 0 16 e Pref. .. 0 13 6 0 14 0 “B” pref. 0 13 6 0 14 0 53 p.c. Stk., '70 97 10 0 — 2? p-c. Stk.. ’75 97 5 0 — 7/4/69 1 5 0 24/4/72 97 10 0 SI. Finance 6 0 —. united Building .. 0 17 6 0 18 0 Wright, Stephen6 Pref. :: ;; 0 19 0 SHIPPING— £■ and O. union, pref. I 12 9 —_ 1 2 P timber— Kauri 0 18 0 wool, textiles Feltex 1 9 ♦N.Z.), prei. .'. Eane. Walker Ind. 0 18 6 __ - | 0 1 16 p p ret. .. 0 13 6 — Jfosgiel 2 4 0 Oamaru. c.d 2 2 6 ■Jkih. Minster .. 0 9 0 Tunaru 1 3 f* NlSCrl.LANi-.Ot S Airwork •> 9 6 6 P-c.. pref Steer N.Z Ampol 4 0 0 . 0 19 12 9 5 ?re paid Notes Andrews ana Be.ven .Pref- — 0 0 0 19 0 Found. Inv. 0 6 10 __ A Wa. 0 3 Beath and Co. .. 1 - j 0 and Co. . . 9 12 9 Woken Hill Ptv. Bunting - 0 9 6 6 2 1 6 Cent. Otago Fruit ■ 0 0 uiaude Neon N.Z. •5 •6 6 Colonial Sugar .. 3t 0 0 Sydney C°uUs. Sonic I’lile ft* B ros. Fence .. 38 0 0 11 0 0 5 0 ijoui Ruboer S°i n c ghy ' s Ropt JPref. N Z 16 19 0 3 0 2 1 18 3 0 0 0 3 fcrier -”w..;mak fietcher Holdings Convert. Debs Coles Br ° s /»<•. c.d. 14 5 3 3 14 10 0 j 7 2 6 0 l 16 18 0 0 6 1 17 16 3 0 6 6 L. pref 9 3

£ s d. Sellers. £ s. d j Miscellaneous Contd A., N.Z..C.C1. 2 11 0 — J Gadsden « .. 1 11 0 i J. Wattie Cans. .. 1 3 6 5 0 K.P. Drugs 3 15 3 — Mating, pref Mas., Struthers, — 0 19 3' 14s paid — 0 15 0 McKenzies — 0 19 0 McLeod — 2 0 .viiiburn Lune — 1 8 6 Myer 0 National Elcc. 5 0 0 5 10 0 N.Z. Express 1 9 3 — N.Z. Forest Prod. 0 16 9 0 17 0 Prei. — 0 19 n N.Z. Newspapers 1 17 "6 — N.Z. Packing Cpn. 0 — Norvie Shoes 0 17 9 — Reid, Murray 0 9 10 0 10 0 Quill 3 , Morris .. ■ — ’i Petrous Tile —— 0 17 0 Skellerup, pref. .. — 0 19 0 Tasman 0 16 4 — Vibrapac Blk.< . . 1 7 6 — Vibrapac, Otago 1 0 0 — Waltons — 0 1 a 11 Whaka.. ord 1 3 6 4 0 Whit., Tombs Win Caple Hdgs.. — 1 8 6 c.d 1 2 0 — Woolworth.'-, ord. — 0 17 iN.Z.i, ord 0 16 3 0 16 6 Pp.. pref. W. R. Carpenter 0 19 0 12 9 0 AUST. MINING— Placer MINING— - 4 0 6 Komata 0 3 9 — Waihi 0 4 1 — UNLISTED STOCKS Canty, Seed fc in. " and Disc., , 1 7 0 ord. —• 3 0 Kaiapoi Woollen 1 2 0 3 3 Pref. ... — 0 Ma tea Forests 0 1 6 0 2 6 N.Z. Fisheries .. — 0 12 0 Reece, E._ ord. .. 0 5 0 — 0 ludor Hosiery .. — 0 17 Wool. Tan. 0 3 3 0 8 0

Shares Rail Indust. sold. Dec. 31 96.96 435.69 5.070.000 Jan 30 .. 108.90 449.72 2,150.000 Feb 28 102.70. 437.80 1,670.000 Mai. 31 .. 103.88 146.76 2,050,000 Apl 30 .. 111.87 455.86 2,900,000 May 29 .. 116.00 462 60 2,350,000 June 30 .. 118.75 478.18 2,820.000 .. 119.35 478.82 2.600.000 July 1 July 2 .. 113.92 480.15 2,370,000 July 3 .. 119.42 480.17 2.630,000 July 7 .. 119.53 431.85 2.510.000 July 8 .. 119.75 480.00 2,430,000 July 9 .. 119 64 477.59 2.630.000 Julv 10 .. 120.51 478.97 2,510.000 July 11 .. 122.34 482.85 2.400.000 July 14 .. 122.58 478.82 3.090.000 July 16 .. 122.96 481.00 3.240.000 July 17 . . 124.93 485.70 3.180,000 London —Financial Times industrial ordinary. 1935 equals 100. Government 1926 equals *00. gold 1955 equals 100. Indust. ord. Govt. Gold. Dec. 31 165.3 79.29 73.8 Jan. 30 164.0 80.71 68.2 Feb 28 .. 157.0 81.19 76.2 Mar 31 .. 164.5 81.53 75.1 Apl 28 .. 168.3 83.52 73.2 May 30 .. 168.8 83.211 75.7 June 30 .. 174.7 83.37 75.0 July 1 .. 174.6 83.45 ’ 75.4 July 2 .. 174.6* 83.47 75.9 July 3 .. 174.4 85.36 75.8 July 7 .. 175.8 83.93 75.7 July 8 175.8 83.97 76.0 July 9 .. 176.0 83.99 76.4 July 10 .. 176.8 84.22 76.6 July 11 .. 178.1 84.41 77.2 July 14 .. 174.3 83.29 75.8 Sydney —Sydney Stock Exchange (July 1936-June 1939 equals luuj.— Banks Retail Indus., metals Jan. 31 . 130.55 304.78 242.88 300.72 Feb. 28 . 135.39 319.46 249.57 294.89 Mar. 31 . 134.08 - 320.75 242.90 289.07 Apl 30 . 134.83 321.41 243,65 274.33 May 30 . 131.78 314.85 244.07 — June 30 . 132 85 327.41 252.70 323.55 July 1 . 132 13 326.82 252.77 320.64 July 2 . 231.01 326.98 253.55 318.52 July 3 132 29 330.28 254.36 — July 4 . 132.70 334.73 255.18 — 133 28 334.76 255.42 317.41 July 8 . 133.41 335.13 255.83 315.95 July 9 133.42 333.72 256.29 315.57 July 10 . 133.75 330.21 255.31 ‘314.28 July 11 . 134.08 331.96 255.28 — Julv 14 134.60 332.16 255.75 312.48 I July 16 . 134 67 331.06 254.46 312.10 Ijulv 17 . 134.26 325.26 253.05 313.47