COMMERCIAL Prices Variable On Active Market

Press, Volume XCVIII, Issue 28822, 17 February 1959, Page 18

COMMERCIAL Prices Variable On Active Market

Trading was active on the Christchurch Stock Exchange yesterday, with more than 5000 shares changing hands. Prices were variable. Dominion Breweries were in better trading when a parcel of 25 changed hands at 82s, 4s 6d firmer than the most recent sale of this stock in the city. Others to firm were Broken Hill Proprietary, Fletcher Holdings, and Griffins. The unlisted Matea Forests were also firmer. New Zealand Refrigerating were easier in four sa J. e ? 50 s 3d, and Woolworths and Australian Consolidated Industries were also weaker. C.F.C.A. contributing, New Zealand Insurance, G. J. Coles and" the rights to Hay’s new issue were unchanged. N.Z. SHARE TRANSACTIONS

CHRISTCHURCH

AUCKLAND Sales.—Yesterday: £5OO 15/11/57-60, 3 per cent., £97 10s; £2OOO 15/6/61, 4i/ 2 per cent., £99 17s 6d; 200 AJE.P.B., 15/6/60, 4 per cent., £9B 18s; 100 South British, 76s 9d; 200 N.Z. River Plate, 14s 6d; 400 Holeproof, 255; 400 Ampol Petroleum, 17s 2d, 200 at 17s 4a; 50 B.H. Ptv., 455, 100 at 45s 3d; 100 Clyde Industries. Ils 9d; 500 Fletchers. 30s 6d; 200 Coles, 16s 9d; 50 K.P. N.Z. Drug, 80s; 300 Forest Products, 22s 9d, 100 pref, at 17s 10d; 300 Toppa, 4s 4d; 200 Woolworths, Syd., 17s lid. Unlisted: 200 Hellabys, 51s; 200 John Burns, 38s 6d; 150 Winstone, 395. WELLINGTON Sales.—Late Friday: 200 Gear Meat, 22s 6d; 634 Hay’s, Ltd., 225; Yesterday: £3OO 3 per cent., 196264, £95 ss; £5OOO 4& p.C., 1960, £99 ss; 150 A.N.Z. Bank, 40s 9d; 125 Dominion Breweries (2), 82s; 150 South British Insurance, 76s 9d; 150 Wright, Stephenson, pref., 18s 6d; 400 Bonds Hosiery, 17s; 50 Felt and Textiles, N.Z., 41s; 400 Ampol, 17s 2d and 100 notes at 13s 3d; 400 B.H.P. (2). 45s 6d; 15 Colonial Sugar (Syd.), (2) £37 10s; 100 Fletcher Holdings, 30s 6d; 100 G. J. Coles, 16s Bd, and 1700 (3) at 16s 9d; 1200 Griffin and Sons (6), 13s 3d; 800 Golden Bay Cement, 9s 6d; 50 1.C.1., A., N.Z., 53s 6d; 100 Metiers (N.Z.), 16s 3d; 300 N.Z. Forest Products, 22s 9d; 300 N.Z. Packing Corp., 22s 6d; 400 Reid Murray, 9s lOd; 1000 Woolworths (N.Z.) (4), 17s; Unofficial: 150 Winstone, 395.

x DUNEDIN Sales.—Yesterday: 100 Broken HID Pty., 428 6d; 152 Dalgety Co., 38s: 500 if;Z. Forest Prods.* -22 s 9d; 40Q N2. Refrig., 50s 3d; 200

Ampol Petroleum, 17s 3d; 400 Donaghy’s Rope and Twine, 44s 6d; 2031 Hay’s, Ltd., 225; 300 Walton Sears, 14s 9d; IQO N.Z. Refrig., 50s 3d; 500 BOO National Elec-.

OVERSEAS EXCHANGES Sydney Key industrials and Commonwealth loans were firm on the Sydney Stock Exchange yesterday. Textiles, metals and oils were steady, while uraniums remained unchanged. x, S x ale ?r Co . m - Sydney, £2l 18s: Nat. 12s 6d pdid, 225, 20s paid, 36s 3d; Bank N.S.W., £26 15s; Tooheys, 30s lid; Tooths, 52s 9d; A.C.1., 62s 6d; British Tobacco. 38s lid; B.H.P. 545; Clyde Ind., 13s 6d; Colonial Sugar, £43 7s 6d; D. Jones, 525; Drug Houses, 41s 6d; Dunlpp, 40s 6d; Email, 7s 6d; Gen. Ind., 18s 3d- G. 9 . 19s 7 * d J H - Jon es, 565; Morts Dock, 6s 2d; Moulded Prods.. 19s 3d; N.Z. Forest, 27s 6d; R. Murray, Ils 3d, and rights, 5s 3d; Waltons. 16s 10id; Technico, 395; Winchcombe, 27s 6d, and new, 26s 9d; Woolworths, 20s 6d; Mt. Isa, 40s 3d; North 8.H., 925; Ampol Pet., 20s 3d; Assoc. Oil, 2s 6d; Oil Search, 9s 8d; Mt. Morgan, 16s; New Guinea Gold, 3s; Peko, 6s lid; Aust. U. Corp., Mining, 8s Id; Timor, 6s 6d; M.K.1.. 12s 6d; M.K.U., 245. MELBOURNE Investment and mining shares on the Melbourne Stock Exchange maintained a firm tone yesterday Retailers were active, and the sharpest movement of the day was Felt x and Textiles up Is 2d. Commonwealth Bonds held a steady trend. ' Sales.—Mount Isa, 40s 3d; Mt. Lyell, 30s sd; -North Broken Hill, 925; Oil Search, 9s 9d; Santos, 25s 6d; United Uranium, 7s lid; Emperor, 9s; Hill 50, 8s 9d; Lake View, 30s Id; Loloma, 325; Mt. Morgan, 16s; Commercial Bank, 19s 6d; Nat. sank, 225; Custom Credit, 13s 9d; Indust. Acceptance, 17s 3d; National Radiators, 26s 6d; Repco, 13s 2d; Carlton Brewery, 27s 6d; Swan Brewery, 10s 6d; A.W.A., 19s' 6d; Email, 7s 6d; Cox 8r05.,. 5s sd, and new, 5s 3d; Edments, 5s sd; G. J. Coles, 19s 6d; Myer, 25s 6d; Reid Murray, Ils Id, and rights, ss; Waltons, 16s 9d; Wool worths. 20s 7d; Ampol, 20s 3d, notes, 15S Id, and pref., 20s 3d; Assoc. Pulp, 36s 3dA.C.1., 62s 6d; A.P.M., 33s 4d; Bradford Cotton, 41s 6d; Brit. Tobacco, 38s; 8.H.P., 545; Colonial Sugar, £43 15s; Containers, 29s 3d, and rights, 5s 4d; Courtaulds, 18s 6d; Cyclone, 225; Drug Houses, 41s 9d; Dunlop, 40s 3d; E.Z. Indust., 19s 6d; Felt and Textiles, 31s 6d; Gerrard, 265; Henry Jones, 565; Herald, 24s 3d; Humes. 60s 6d; 1.C.1., A., N.Z., 62s 9d; Kauri, 20s 6d: Moulded Products, 19s, and notes, 12s 6d; N.Z. Forest, 28s; Olympic, 7s 8d; Reichhold, 29s 6d; Taubmans, 12s 3d.

QUOTATIONS IN CHRISTCHURCH

Altered Exchange Rates The £ sterling gained over two cents in relation to the Canadian dollar last week, but lost oneeighth of a cent in relation to the United States dollar. Altered telegraphic transfer exchange rates, as advised yesterday by the Bank of New South Wales, are:— New Zealand on: New York: buying, 2.8038 dollars to £N.Z.I (compared with 2.8051 dollars on February 9); selling, 2.7720 dollars (2.7733). Montreal: 2.7508 dollars (2.7302); 2.7512 dollars (2.6948). . Austria: 72.93 schillings (72.94); 71.45 schillings (71.47). Sweden: 14.62 kroner (14.63); 14.28 kroner (14.29). PLEASANT POINT EWE FAIR '•The Press” Special Service TIMARU, February 6. At the Pleasant Point two-tooth ewe fair fully 18.000 Romney and Romney cross two-tooth ewes were varded, and. considering the prolonged dry spell South Canterbury has experienced, the sheep came forward for the most part in good condition and were well bred, with few tail end lots. The sale opened very quietly,, but had not progressed far before values for medium to good sheep jumped 10s to' 12s a head and were on that level for the remainder of the offering. The sale was followed by an unusually large gallery of farmers, whose keen competition was- more or less unexpected. Values were:— - Extra good ewes. 75s to 82s; good. 08s to 745; medium, 45s to 60a; small and inferior, 20a to 445.

£ s. d. Var-’n SALES ON 'CHANGE. STOCKS 200 N.Z. Refrig. LISTED (2) 2 10 3 —3d 100 C.F.C.A. cont. 100 Feltex Aust., 1 5 6 N.C. c.d. 1 6 0 4-0d 283 Hay’s (6) .. 0 4 0 N.C. SALES REPORTED, STOCKS UNLISTED 800 Matea F. 0 3 9 +.2d SALES REPORTED, STOCKS £2700 Ch. Dr. Bd. 5 p.c. 1/12/64 LISTED Stock 100 10 0 25 Dom. Brew. 4 2 0 4-4/6 500 N.Z. Refrig. 2 10 3 —3d 50 N.Z. Ins. .. 3 15 0 N.C. 200 A.C.I. 2 13 6 —3d 375 Broken Hill 2 5 6 4~6d 100 Fletchers 500 G. J. Coles, 1 10 6 4-6d x.d. 0*16 9 N.C. 300 Griffins 0 13 3 4-6d 500 Griffins 900 Woolworths 0 13 6 4-9d (2) 1000 Woolworths 0 17 11 — Id (N.Z.) (4) .. 0 17 0 — '

Buyers. Sellers. £ 3. d. £ a. d. NJE. GOVT.— 3 P.C., 15/6/61-64.. 91 0 0 — 3 P.C., 13/5/64-68 . . 88 12 6 — 31 p.c., 15/9/59 .. 100 10 0 — 3t p.c., 15/5/62 .. 97 5 0 — 3J p.c., 15/9/65 .. 94 5 0 — 31 p.c.. 15/6/65-66 93 0 0 — 31 p.c.. 15/9/69 .. 91 0 0 — 31 p.c., 15/9/74 .. 88 0 0 — 41 pfc., 15/8/60, x.i. 41 p.c.. 15/8/62-63, 99 0 0 t98 17 6 — BANKS—** A., N-Z 1 19 6 — ••B“ .. 2 2 0 — Comm, of Aust., pref. — 6 5 0 E., S., and A. .. — 19 0 Natl, of A’sia, 12s 6d • — 10 0 Natl, of N.Z. 18 0 — N.S.W. 31 10 0 — BREWERIES— Ballins, ord. .. 19 7 — Dominion 4 2 0 4 2 6 New Zealand 1 15 0 — Westland — 1 18 0 FROZEN MEAT— Canterbury 23 17 6 — Pref. .. 5 0 0 — N.Z. Refrig. 2 10 0 — Southland 2 19 6 — Sth. Otago 1 11 9 — Waitaki 0 2 0 — GAS— Auckland 0 6 0 — Christchurch 0 16 6 0 17 0 Wellington, x.d. 12 0 — INSURANCE— F.A.MJS. .- 13 0 — National 14 6 — New Zealand 3 15 0 — South British 1 16 3 — Standard, c.d. .. 0 19 11 — LOAN & AGENCY CJ'.C.A., ord. 1 ».. _ — 2 11 6 Pref. .. .. — 2 12 6 Cont. 15 9 — Dalgety 1 17 6 — Credit and Fin. 10 0 15 0 Pref. .. — 0 19 0 Golds., Mort. .. 14 0 — Mutual Benefit .. 0 18 6 — Nat. Mtge. "A." x.d. 0 6 7 — Newton King 0 12 9 — N.Z.F. Co-op., 1st pref. — 0 13 6 “A” pref. 0 11 6 — •*B” pref. 0 11 6 — 51 p.c. Stk., ’70 92 10 0 93 10 0 5} p.c. Stk., *75 — 93 5 0 4/2/71 — 93 0 0 Perm. Invest. .. — 12 0 0 South Island Fin. 17 0 — United Building ' — 0 18 3 Wright, Steph. — 1 15 6 Pref. .. 0 18 3 0 18 9 Convert Debs. 12 3 — SHIPPING— Northern 0 11 3 — TIMBER— Kauri 0 17 3 — WOOL, TEXTILES— Bonds .. 0 16 7 — Feltex 15 9 — N.Z. 2 0 0 — Lane, Walker Ind. 1 15 3 — Pref. .. 0 18 6 — Manawatu 2 10 — Mosgiel 1 15 0 — Oamaru 1 19 6 — Tekau 15 6 — Rights 0 4 9 — ’ MISCELLANEOUSAirwork ”12 0 17 6 Pref. — 0 17 9 Amal. Batt. 1 10 0 — Ampol 0 17 2 0 17 4 Notes 0 13 0 — Andrews and Beaven 13 6 14 6 Aulsebrooks, pref. — 0 19 0 A. S. Paterson .. — 16 0 Aust. C.I. 2 13 6 2 12 0 A.W.A. 0 16 6 , — Ballins Hotels — 0 10 3 Beath and Co., c.e. 1 11 0 — Brit. Tobacco 1 12 0 — Clyde Ind. , .. 0 11 9 0 12 3 Broken Hill Pty. 2 4 6 — Claude Neon, N.Z. 2 8 0 — Cox Bros 0 4 8 — Cyclone Fence .. — 1 10 0 Pref. — 10 0 Dom. Rubber 0 14 6 — Dom. Builders 0 7 9 — Dom. Fertiliser .. — 13 0 Donaghy’s Rope .. 2 4 3 2 5 0 D.I.C. — 0 17 9 Pref. — 0 19 0 Dunlop Rub., c.d. 1 14 0 — Dunlop N.Z. 13 6 — Email .« — 0 6 3 E.Z. 0 16 6 — Farrier - Waimak — 0 14 6 Fletcher Hold. . “B” pref. 1 10 3 — — 0 18 6 Convert Debs. 13 0 — G. J. Coles, x.d. 0 18 8 — . Griffin and Sons 0 11 4 0 13 10

MISCELLANEOUS, continued— "Buyers. £ s. &. Sellers. £ a. d. Hay’s, Ltd, 1 1 .6. MM Pref. .. 0 18 0 mm Rights 0 4 0 —- I.C.I., A. N.Z. . 2 13 9 J. Gadsden 1 14 0 «M J. Wattle Can. . 15 6 MM K.P. Drugs — 4 0 3 Maling, pref. mm 0 18 6 LJi.C. Ind. 0 12 0 0 12 3 Mas. Struthers los paid 0 11 6 McCaskey, pref 0 1,7 0 McKenzies 0 16 8 0 17 0 Milburn Lime 1 4 10 Nelson Fish __ 15 0 N.Z. Cement —— 0 18 0 N.Z.F. Fert., pf. . 0 19 6 MM N.Z. Forest Prod 13 0 Pref. .. 0 17 6 ‘ MM N.Z Newspapen 2 10 .MM N.Z. Packing Corp 12 0 MM Otago Daily Time 2 9 6 MM Reid Murray 0 9 10 0 9 11 Rights 0 4 9 MM Ross and Glend —— 12 6 Reid and Grey pref. 10 0 Skellerup, pref. . 0 18 3 0 19 0 Tecnico 1 12 9 MM Tasman 0 19 9 . 10 0 Ultimate-Ekco —— 0 19 6 Waltons 0 14 8 MM Tulloch 0 19 9 MM Weeks, pref. — 10 0 Whakatane, ord 17 6 MM Whit, and Tomb — 18 0 Wm. Cable Hdgs 12 0 12 6 Will. Jeffery 12 0 MM W’wths., ord. 0 17 10 0 18 0 (N.Z.), ord. . 0 17 0 0 17 2 (N.Z.), pref. . 19 0 MM MINING— Mt. Lyell 15 0 16 9 UNLISTED STOCKS Buyers Sellers £ s. d. £ s. d. Burt., A. and T 2 10 0 Belvedere Maison ettes, pref. — 113 Chch. Press 12 12 6 MM C.O.P., ord. — 17 0 Fin. and Dis., ord — 13 0 Kaiapoi Woolier 13 6 MM Pref. .. — 119 Matea Forests 0 3 9 0 3 11 Prudential Bldg — 0 18 0 Regent Theatre . 1 0 0 MM Scales 0 6 6 0 8 6 Tudor Hosiery . — 0 16 6