COMMERCIAL Variable Prices And Quiet Market

Press, Volume XCVII, Issue 28701, 26 September 1958, Page 12

COMMERCIAL Variable Prices And Quiet Market

Prices were variable on the Christchurch Stock Exchange yesterday and turnover, although quiet by the standards of February and March of this year, was reasonable with some trading days this month..

Commercial Bank of Australia preference firmed 2s 6d to £5 17s 6d, and New Zealand Breweries (four parcels) and Fletcher Holdings C preference were also firmer. Wright Stephenson rights, K.P. Drugs and one parcel of Waltons were exchanged at easier prices.

Two parcels of Waltons and parcels of National Mortgage B and New Zealand Forest Products changed hands at prices steady on those of most recent trading in Christchurch.

N.Z. SHARE TRANSACTIONS

AUCKLAND Sales.—Late Wednesday: 150 N.Z. Breweries, 31s 6d; 100 Broken Hill Pty., 42s 6d: 200 Taubmans, 10s 3d; and 200, Syd., reg., at 10s 6d. Yesterday: £5OOO 15/9/59 32 per cent., £99 6s 3d; 600 Auckland Gas, 7s 3d; 500 National Insurance, 24s 9d: 150 N.Z. Insurance, 71s 3d; and 25“ at 71s; 100 South British, 73s 6d; 340 Wright, Stephenson, rights, 2s; 526 National Timber, 12s; 177 Taupo Totara, 325; 100 Alex. Harvey. 223 6d; 100 Cox Brothers, 5s 2d; 100 Farmers’ Trading, 38s 6d; 200 Fletchers, 28s 3d; 500 Frozen Products, 5s 6d; 800 Coles, 16s 9d; 780 J. Wattie, 265; 4000 Forest Products, 20s; 200 Taubmans, Sydney reg., 10s 6d; 200 Whakatane Board, 26s 6d; 400 Woolworths, Syd., 17s 6d. WELLINGTON ’ Sales.—Late Wednesday: £lOOO 3 per cent., 59-61, £96; £5300 3% per cent., 1959 (2), £99 6s 3d; 150 Southland Frozen Meat, 50s; 100 South British Insurance, 73s 6d; 215 Wright, Stephenson, allots., 2s 3d; £750 N.Z. Farmers’ Co-op., Canterbury, 5% per cent., 31/1/70, £94 10s; 100 McKenzies, 18s; 100 N.Z. Forest Products, 19s lid; and 300 at 20s; 500 Woolworths, N.Z., 16s 6d. Yesterday: £5BO 3 per cent., 57-60, £97 17s 6d; £865 3 per cent., 60-63, £94 3s 9d; £llOO 3 per cent., 62-64, £9l 7s 6d; £6OO 3 per cent., 63-65, £90.55; £3OO 4g per cent., 66-67, £99 2s 6d; £5OO 4% per cent., 62-63, £lOO ss; 200 N.Z. Breweries, 31s 6d; 150 N.Z. Insurance, 71s 3d; 1085 Wright, Stephenson, allots. (5), 2s 3d; 300 Union Steam, pref., 21s lOd; 200 Oamaru Wool, 38s; 100 Alex Harvey, 22s 6d; 200 Ampol, 14s 6d; 20 Colonial Sugar (Syd.), £36 ss; 100 Farmers’ Trading, 38s 6d; 900 Griffin (2), 12s 9d; 200 Harley Chambers, pref., 18s 6d; 500 M.C.P., 3s 9d; 25 National Electric, £6 ss; 2200 N.Z. Forest Products, 20s; and- 118, pref., at 18s 6d;

OVERSEAS EXCHANGES Sydney Key industrials were irregular on the Sydney Stock Exchange yesterday. Metals, oils, uraniums, and Commonwealth loans were firm, while textiles were irregular. Sales.—National, 20s paid, 38s 9d; Bank of N.S.W., £39 15s; Tooheys, ex dividend, 26s IJd; Tooth, 495; A.W.A., 16s; A. Hordern, 23s 6d; A. 595; Bradford Cotton, 36s 3d; B. 47s 9d; Colonial Sugar, £4l 7s 6d; Courtaulds, 15s 9d; Drug Houses, 37s 3d; Dunlop, 37s 9d; E.Z. Industries, 15s 9d; Email, 7s 9d; General Industries, 20s; G. J. Coles, 19s 3d; H. Jones, 50s 6d; Morts Dock, 10s 3d; Moulded Products, rights, 5s 3d; Reid-Murray, Ils 8d; Woolworths. 19s 7£d; Consolidated Zinc, 61s 6d; Mount Isa, 28s lOJd; New .Broken Hill, 40s; North Broken Hill, 84s 6d; South Broken Hill, 47s 9d; Ampol Petroleum, 16s 4Jd; Ampol Exploration, 13s 2d; Associated Oil, Is 6Jd; Associated Freney. Is 6d; Freney. 9d; Oil Search, 3s; New Guinea Gold, 2s 6d; Peko, ss; N.A.U.C., Is 6d; United Uranium, 5s lid; South Allig, 3s Id; Commonwealth Mining, 7s lid; Timor, 5s 2d. MELBOURNE The Melbourne Stock Exchange was closed for the Show Day holiday yesterday. LONDON Mining, Salts.-w-Broken Hill North, 69s 4Jd; Broken Hill South, 395; Broken Hill Proprietary, 395; Zinc, ord., 50s; Zinc, pref., 13s; New Broken Hill, 32s 6d; Mount Isa, 245; Kamunting, 8s lOJd; Lakeview, 23s 400 Tasman (2), 20s; 200 Taubmans (Syd.), 10s 6d; and 800 at 10s 3d; 100 Waltons, Sears, 15s 6d; 100 Whakatane Board, 26s 6d; 200 Woolworths (Syd.), 17s 7d DUNEDIN Sales.—Late Wednesday: 200 Wright, Stephenson, pref., 19s 6d. Yesterday: 300 N.Z. Breweries, 31s 6d; 100 Southland Frozen Meat, 595; 200 Waitaki Farmers’ Freezing, 38s; 1000 National Mortgage, B, 7s; 400 G. J. Coles and Co., 16s lOd; 400 Woolworths (N.Z.), 16s 6d; 350 South British Insurance (2), 73s 3d; 50 Broken Hill Pty. (Syd.), 425; 100 K.P.’s N.Z. Drug, 775; 200 Walton, Sears, 15s 6d; and 100 at 15s sd; 1745 Wright, Stephenson, conv. rights (2), 2s 3d; 100 Mosgiel Woollen, rights, 6s lid; 100 N.Z. Forest Products, 20s; and 118, pref., at 18s 6d; 200 Whakatane Board Mills, 26s 7*Ad; 100 Cox Bros., 5s 4d. . INVERCARGILL Sales. —Yesterday: 50 Southland Frozen Meat, 58s; 100 Aulsebrooks, pref., 19s; .140 Felt and Textiles, rights, 5s 8d; 300 New Zealand Breweries, 31s 6d, and 75 at 31s 3d.

QUOTATIONS IN CHRISTCHURCH

WOOL PRICES

Optimistic Forecast By Australian

(N.Z. Press Association —Copyright) CANBERRA, September 24.

•Wool prices must rise, the chairman of the Australian Wool Bureau (Mr T. G. Carter) said in the bureau’s annual report presented to Parliament today. “The trend of wool prices must go upward again just as the economic activity throughout the world must resume its upward march,” Mr Carter said. “There is a tendency in some quarters, when market conditions are rather depressed, to take a pessimistic view of the long term outlook. I do not share this tendency.” Mr Carter said wool had been far from alone in its recent fortunes and would have fared far worse but for continued promotion.

The report shows that Australia spent £l.2m on wool promotion last financial year, of which £lm was spent abroad through the International Wool Secretariat.

CHRISTCHURCH „ Sales on 'Change. Listed Stock 200 Waltons,, c.d. 0 15 6 N.C. £ s. d. Var’n Sales Reported, Unlisted Stocks 150 Tudor Hos.* .. 0 16 0 — Sales Reported. Jsted Stocks £600 3 P-C., 63-65 90 5 0 — 119 Comm., pref. 5 17 6 4-2/6 767 N.Z. Brew., 4 1 11 6 4-3d 100 N.Z. Ins. .. 3 11 3 — 1000 Nat Mort. B. 0 7 0 N.C. 1380 Wright, St., rts, 3 0 2 3 —3d 100 Mos. W.» rts. 0 6 11 — 50 Broken Hill 2 2 0 — 20 Colon. Sugar a (Sydney) 36 5 0 — 500 Fiet., C pf. 0 18 4i 4-lJd 200 K.P. Drugs .. 3 17 0 —6d 500 N.Z. Forests, c.H.* 10 0 N.C. 200 Waltons, c.d. 0 15 6 N.C. 100 Waltons, c.d. 0 15 5 —Id ♦Late sales Wednesday.

Buyers. Sellers £ s. d. £ s d N.Z. GOVT.— 3 p.c., 15/11/57-60 97 17 6 __ 3 p.c., 15/4/60-63 — 94 5 0 3 p.c., 15/6/61-64 91 15 0 —— 3 p.c., 15/7/62-64 91 2 6 3 p.c., 15/7/63-65 90 5 0 — 3 p.c., 15/5/64-66 89 15 0 —_ 31 p.c., 15/9/57-60 97 2 6 3% p.c., 15/9/59 .. 99 0 0 3J p.c., 15/6/65-66 93 5 0 3J p.c., 15/9/69 .. 89 15 0 — 32 p.c., 15/9/74 .. 87 0 0 — 4 p.c., 15/8/65-66 94 2 6 4J p.c., 15/6/61 .. — 100 15 0 4g p.c., 15/6/66-67 99 0 0 42 P.c., 15/8/68-70 99 5 0 42 p.c.. 15/8/62-63 99 17 6 42 p.c., 15/8/67-69 99 0 0 — BANKS— A.N.Z. 1 18 9 1 19 9 “B” 2 0 6 Comm, of Aust. .. 0 16 6 Pref. 5 15 0 E.S. and A. 1 6 0 Nat. of N.Z. 1 6 0 N.S.W —— 33 5 0 Sydney 34 5 0 BREWERIES— Ballins, ord. 1 9 3 New Zealand 1 11 3 1 11 6 FROZEN MEAT— Canterbury 22 0 0 — Pref. 5 5 0 ** N.Z. Refrig. — 2 3 6 Southland 2 18 6 3 0 0 GAS— Auckland —— 0 7 6 5s paid 0 2 10 __ Christchurch 0 17 6 0 18 0 Cont. 0 12 6 0 13 6 INSURANCE— F.A M.E. 1 3 0 —. Pref 1 3 0 National — 1 5 0 New Zealand 3 10 0 3 11 6 South British 3 13 0 3 14 0 LOAN AND AGENCY—, CJ.C.A., cont. 1 5 0 Dalgety, c.d. 1 14 6 — Nat. Mort., “A” 0 7 0 “B” 0 7 3 N.ZJ. Co-op. 0 13 0 5% p.c. Stk., ’70 94 7 6 — N.Z.L. and Met., ord., c.d. 1 4 0 —— United Bldg., x.d. 0 17 6 — Wright, Stephenson, c.d — 1 14 6 Pref., c.d. __ 0 19 9 Rights —— 0 2 3 SHIPPING— Northern 0 9 9 — P. and O. 1 15 0 _—_ Union, pref. 1 0 9 TIMBER — Taupo Totara 1 11 6 — WOOL, TEXTILESFeltex, N.Z., nil paid 0 5 6 0 6 0 Holeproof — 0 18 3 Pref. 0 15 9 — Lane, Walker Ind. 1 17 0 Pref. .. 0 18 6 — Mosgiel, rts. 0 6 6 0 7 0 Oamaru 1 16 6 Tekau 1 6 6 — Timaru 1 2 0 — Wellington, *‘B” pref. 1 0 0 — MISCELLANEOUS— Airwork — 1 8 6 Airwork, 6 p.c. pf. — 0 19 6 Alloy Steel (N.Z.) 2 4 6 — Amal. Batt 1 11 0 — Ampol, notes 0 9 6 — Andersons, 1st pf. — 1 0 0 And and Beaven, Pref. — 0 18 6 Aulsebrooks, pf. 0 18 6 0 19 3 Banks, C. M. 1 3 6 — A.W.A. .. 0 13 6 0 13 10 Ballins Hotels, 10s paid, c.d. — 0 11 0 Beath and Co., Is paid 0 4 — Begg and Co. 2 12 6 — B.H.P., c.d . .. —- 2 2 6 Broken Hill Pty., Sydney — 2 2 0 Buntings — 1 10 3 Claude Neon, N.Z. 2 7 3 — Colonial Sugar .. 36 0 0 — Sydney 36 5 0 — Cent. Otago F. . •• 1 0 0 Coulls. Somerville, x.d. 2 0 0 — Cox Bros., c.d. .. 0 5 0 0 5 6 , Cyclone Fence .. — 1 13 0 I Pref. .. — 1 0 0 Dom Builders .. — 0 10 6 Dom. Rubber — 0 17 0 i Donaghy’s Rope .. — 2 5 6 D.I.C. 0 17 6 — Pref. .. 0 19 0 0 19 6 Dunlop. N.Z. 1 2 0 — < Pref. .. — 0 16 3 Email — 0 7 1 E.Z., c.d. 0 13 6 0 14 3 Farrier - Waimak 0 16 0 Giant 0 12 6 0 14 3 G. J. Coles .. 0 16 6 — 1 Golden Bay, c.d. — 1 18 6

Buyers. Sellers £. s. d. £ S. d Miscellaneous (Cont’d.)— Gillman 1 12 0 Harley, C pref 0 18 0 0 18 6 Hay’s, Ltd., c.c 14 0 Henry Berry, c.d 12 0 Holm. Engineer ing. pref. 10 0 Humes <N.Z.), pf x.d. __ 0 19 0 A., N.Z. . —. 2 12 6 J. Gadsden 1 11 0 Pref. 0 19 9 John Chambers . 0 18 3 J Mercer Ind., pf 0 19 9 J. Wattle Can neries, c.d. 0 16 6 K.P. Drugs 3 16 9 3 17 6 M.C.P. .. 0 4 0 Macky Logan 0 19 0 —— Maling, pref. — 0 19 3 Metters 0 14 0 10 0 Mas.. Struthers . 0 15 0 McCaskey, pref. . —— 0 19 0 McKenzies — 0 18 0 Midland Mot., pf — 0 19 0 Nelson Fisherie — 15 0 National Electrii 6 0 0 __ N.Z. Cement 0 18 0 w— N.Z. Express 1 10 0 —— N.Z.F. Fertilise 16 0 —m pref. 10 0 N.Z Forest Pio ducts, c.d. 10 0 North. Roller — 1 14 0 Norvic Shoes 0 19 0 0 19 9 Otago Daily Times 2 10 0 — Pukemiro 2 3 0 — Quill Morris 0 18 0 — Ross and Giendin ing, c.d. 10 6 — Reid Murray 0 10 4 0 10 9 Sharland 2 8 5 — Silknit 0 15 6 10 0 Skellerufc, pref 0 18 3 — Reid and Gray pref. — 10 0 Taubmans 0 10 0 — Vibrapac Blocks . 18 9 — Waltons, c.d. 0 15 5 0 15 6 Whakatane. ord c.d 16 9 Pref., c.d. 1 3 0 Whit, and Tomb. 19 0 19 9 Wm. Cable Hdgs. — 12 6 Wilson’s Cemen — 0 14 9 W’worths, ord. . —— 0 17 6 N.Z., ord — 0 16 6 (N.Z.), pref., x.d —. 1 13 0 Pp., pref., x.d — 0 19 6 OVERSEAS LISTINGS— Vool worths (S. Africa) 12 9 — AUST. MINING— Placer — 4 10 UNLISTED STOCKS Beaths, 19s on dep 12 6 —— Cartonic Ice — 2 14 0 Chch. Press 12. 5 0 — Dominion Life 0 13 0 — Finance and Dis count, ord. — 13 6 Matea Forests 0 2 0 — Prudential Bldg 0 16 0 0 18 0 Scales 0 4 0 0 8 6 Tudor Hosiery 0 15 9 — a Woolston Tan 0 4 9 0 8 7