COMMERCIAL Sharemarket Firm But Quiet

Press, Volume XCVIII, Issue 28869, 14 April 1959, Page 19

COMMERCIAL Sharemarket Firm But Quiet

Markets were firm but quiet on the Christchurch Stock Exchange yesterday. Government stocks were in demand, some issues being wanted at 2s 6d above last week’s prices, but few sellers appeared. Bank of N.S.W., 8.H.P., Fletcher Holdings and Wilsons Cement (in a late sale on Friday) all sold above previous Christchurch prices. Coles and Woolworths each sold 2d down on the last local business.

N.Z. SHARE TRANSACTIONS

CHRISTCHURCH

*Late sale Friday. Correction.—The Stock Exchange advises the sale of N.Z. Government stock, 4 per cent.. 1965-66, at £94 15s, reported on Friday, should have read 3 per cent., 1963-65, at £9O 15s. AUCKLAND Sales.—Yesterday: £BOO 15/4/60-63. 3 per cent., £94 12s 6d; £3OO 15/7/62-64. 3 per cent, stock certs.. £92: £5OO Northland Hospital Board. 15/6/65. 4% per cent., £99 ss; 10 Bank N.S.W., £3l 7s 6d: 100 Dominion Breweries. 755; 200 N.Z. Breweries. 355; 100 Newton King. 14s; 100 Devonport Ferry. 41s; 100 Ampol Petroleum, notes, 13s 4d; 500 Amalgamated Wireless, 17s Id; 200 Berlei, 42s 6d: 1500 Cox Bros., 4s 8d: 65 Farmers’ Trading, 435; 100 Coles. 16s 3d; 200 George Courts. 20s; 500 General Industries, 13s 10’od; 100 Milne, Choyce, 44s 3d; 100 Forest Products, 22s 6d; and 579. pref., 17s 9d; 1200 Reid Murray, 10s 3d; 300 Taubmans. 9s 6d; 400 Woolworths, Sydney, 16s 5O Hellabys (unlisted), 51s. WELLINGTON Late Sales:.— Friday; 20 Bank N.S.W., £3l 7s 6d; 100 N.Z. Breweries, 355; 100 Southland Meat, 60s; 500 National Mortgage, “A,” 6s 9d: 200 Union Steam, pref., 20s 3d; 100 Clyde Industries, 12s; 5 Colonial Sugar, £3B 15s; 500 Consolidated Brick. 17s 6d; 300 Whakatane Board, 28s; 100 William Cable, 22s 6d. Sales.— Yesterday: 700 N.Z. Refrig.. 31s 6d; 510 G. J. Coles, 16s 3d; 100 Tecnico, 335; £225 3 per cent., 5760, £97 17s 6d; £2310 3 per cent.. 60-63. £94 15s; £1250 3 per cent., 6163, £93 7s 6d; £4OO 3 per cent., 6163, £93 8s 9d; £1255 3 per cent., 6164, £92 2s 6d; 1300 N.Z. Breweries (5 sales), 355; 100 South British Insurance, 72s 6d: 100 Wright. Stephenson, debs., 23s 6d; 50 Huddart Parker. 57s 6d; 100 Berlei, 42s 6d; 100 8.H.P., 475; 350 C. and A. Odlin. 465; 1900 Griffin (2). 13s 6d; 100 Fletcher Holdings, 30s 9d; 1300 R. and E. Tingey (2), 7s; 500 Reid Murray, 10s 4d; 100 William Cable, 22s 6d. DUNEDIN Sales.—Yesterday: 3 per cent.. 1 15/8/59-61. £96 ss; 20 Bank of N.S.W., £3l 7s 6d; 200 National ■» Bank of A’asia, cont., 18s 9d; 300 N.Z. Breweries. 355; 100 Huddart Parker, pref., 17s; 200 1.C.1., A.. N.Z., g 52s 3d; 100 M.C.P., 3s 8d; 238 Mil-

burn Lime, 23s 6d; 100 South Otago Freezing, 33s 6d; 100 Donaghys, '44s; 366 Forest Products, 22s 4d; 282 Woolworths, 16s 6d; 300 National Mortgage, “B,” 7s; 100 8.H.P., 475; 100 Walton Sears, 14s 6d. INVERCARGILL Sales.—Yesterday: 300 N.Z. Refrigerating, 31s 6d; 300 Whakatane. ord., 28s.

OVERSEAS EXCHANGES SYDNEY Key industrials and textiles were easier on the Sydney Stock Exchange yesterday. Uraniums were irregular, metals, oils and Commonwealth loans firm. Sales.—A.N.Z. Bank, 50s 9d; Nat., 12s 6d pd., 21s 3d; Bank N.S.W., £37; Tooheys, 325; Tooth, 52s 3d; A.W.A., 20s; A.C.1., 60s 6d; 8.H.P., 56s 6d; B. Philp, 655; Clyde Ind., 13s lid; D. Jones. 495; Dunlop. 39s 6d; Email, 7s lid; Feltex, 30s 6d; Gen. Ind., 16s 7’ 2 d: G. J. Coles, 19s 6d; Golds. Mort. 29s lid; H. Jones, 53s 3d; 1.C.1., 61s; Morts Dock, 6s; R. Murray, 12s; Waltons, 16s 9d; W’combe, 30s 9d; Woolworths, 19s 4 1 ,2 d; Cons. Zinc, 76s 6d; Mount Isa, 40s 6d; Nth. 8.H., £5; South 8.H., 60s 3d; Ampol Pet., 21s 4V 2 d; Assoc. Oil. 2s 9d; Assoc. Freney. Is lid: Oil Search, Us lOd; Mount Morgan, 16s 3d; New Guinea Gold, 2s 7d; Peko, 6s 4d; N.A.U.C., Is 8d; Com. Mining, 8s sd; Timor, 6s sd; M.K.1., 17s lid; M.K.U., 28s. MELBOURNE Investment shares were firm. Huddart Parker rose Is to 71s 6d, the strongest move in a market of otherwise small movements. Base metals were firm, while the oil stocks were again highlighted by Oil Search, which rose to Us 6d. Sales.—Commercial Bank, 19s 7d; N.S.W., £37 ss; Cust. Credit, 16s; Factors, 8s 6d; 1.A.H., 16s 4d; Nat. Radiators, 28s 6d; Repco, 13s 4d; Carlton Brew., 26s 3d; Swan Brew., 10s Id, A.W.A., 20s; Email. 7s lid; Tecnico, pref., 15s; Cox Bros., 5s sd; Edments. 5s 2d; G. J. Coles. 19s 4d; Myer, 245; Reid Murray. 12s; Waltons, 16s 9d; Wool worths, 19s 3d; Burns Philp, 665; Hud. Parker, 71s 6d; Ampol, 21s 4d; Assoc. Pulp. 40s 6d; A.C.1., 60s 6d; A.P.M., 32s 6d; Brad Cotton, 39s 3d; Brit. Tobacco. 35s 3d; 8.H.P., 56s 6d; Clyde. 13s lOd; Col. Sugar, £47 ss; Cyclone, 22s sd; Drug, 44s 7d; Dunlop, 39s 6d; E.Z. Inds.. 18s 2d; Felt, Text, pref., 20s 2d: General Inds., 17s; Gerrard, 275, Gordon, Gotch, 22s 9d; H. C. Sleigh, 19s lOd; Henry Berry, 17s 9d; Herald, 265, Humes. 61s 9d; 1.C.1.A.N.Z., 60s 6d; Kauri. 19s 6d; Nat. Dairy, £2O 15s; N.Z. Forest, 27s 3d; Olympic, 7s> 4d; Patons, 26s 10d; Reichhold, 295, and rts., 15s; B.H. South, 60s 6d: Mount Isa, 40s 6d; Mount Lyell, 30s; New 8.H., 39s 6d: North 8.H., 100 s 6d; Peko. 6s 3d; Oil Search, 11s 6d; Timor, 6s 2d; C’wlth Mining, 8s 3d; Eclipse Gold, 3s; Emperor. 7s 2d; Mount Morgan, 16s 7d.

QUOTATIONS IN CHRISTCHURCH

Altered Exchange Rates Sterling again lost ground to the Canadian dollar last week, but the rate of exchange with the United States dollar was unchanged. Altered telegraphic transfer exchange rates, as advised yesterday by the Bank of New South Wales, are as follows: New Zealand on— Montreal: Buying, 2.7103 dollars to £N.Z.I (compared with 2.7128 dollars on April 6; selling, 2.6751 dollars (2.6775). Austria: 72.96 schillings (72.99); 71.48 schillings (71.51). Belgium: 142.53 francs (142.63); 138.00 francs (138.10). Denmark: 19.62 kroner (19.59); 18.94 kroner (18.92). France: 1391 francs (same); 1352 francs (1353). Italy: 1750 lire (1751); 1715 lire (same). Norway: 20.25 kroner (20.26); 19.59 kroner (same). Switzerland: 12.18 francs (same); 11.94 francs (11.93).

SALES REPORTED £ s. d. Var’n ► 15 Bank N.S.W. 31 7 6 4-2/6 900 N.Z. Brew . . 1 15 0 N.C. 300 Nat. Mort. B 0 7 0 — > £200 N.Z.F.C., 52 p.c., 1970 92 10 0 — I 500 A.W.A. 0 16 10 — 100 B.H.P.. c.d. .. 2 7 0 4-6d 100 Fletchers 10 9 +3d 250 Coles 0 16 3 —2d 200 For. Prod., pf. 0 17 9 N.C. 200 Wilsons Cem.* 0 13 9 +7d 150 W’wrths. 0 16 5 —2d

Buyers £ s. d. Sellers £ s. d. N.Z. GOVT.— 3 p.c., 15/11/57-60 97 15 0 3 p.c., 15/8/59-61 96 0 0 — 3 p.c.. 15/4/60-62 96 2 6 3 p.c., 15/4/60-63 94 5 0 3 p.c., 15/7/61-63 93 0 0 . 3 p.c., 15/6/61-64 92 0 0 3 p.c., 15/7/62-64 92 0 0 3 p.c., 15/7/63-65 90 15 0 3 p.c., 15/5/64-66 89 15 0 33 p.c., 15/9/59 . 99 5 0 — 4J p.c., 15/8/60 . 99 5 0 —— 41 p.c., 15/6/61 . 100 0 0 — 41 p.c., 15/7/61 . 99 7 6 42 p.c., 15/8/62-6,. — 99 17 6 42 p.c.. 15/8/67-69 99 2 6 — LOCAL BODY, CO. DEBS.— Tasman. 1964 95 0 0 96 0 0 1965 95 0 0 BANKS— A.N.Z. 2 2 3 —. *‘B” 2 4 3 Comm, of Aust. . — 0 16 9 E.. S., and A 18 9 Nat. of N.Z. 18 3 N.S.W. 31 7 6 BREWERIES— Ballins. ord. 1 10 0 Dominion 3 15 6 New Zealand 1 15 0 Westland - 1 16 0 FROZEN MEAT— Canterbury 24 15 0 25 0 0 N.Z. Refrig. 1 11 3 Southland 2 19 9 Sth. Otago . 1 13 3 Waitaki 2 10 GAS— Auckland 0 6 7 5s paid 0 3 0 Christchurch 0 17 0 INSURANCE— F.A.M.E. 12 6 16 0 Standard 10 3 LOAN AND AGENCY— Chch. Bldg., c.c 18 0 Dalgety, c.d. 1 14 9 Farmers’ Fin. 0 18 6 Golds., Mort 14 6 N.Z. Guarante 0 3 0 Mutual Benefit . 0 18 9 Nat. Mtge. "A’ 0 6 9 “B” 0 6 11 0 7 3 N.Z. River Plat 0 12 6 N.Z.F. Co-op. — 0 12 4 First Pref. 0 13 0 “A" Pref. 0 11 6 53 p.c. Stk., ’7 92 10 0 53 p.c. Stk., ’7 92 15 0 31/1/71 — 92 15 0 15/5/71 — 93 15 0 S.I. Finance 1 11 0 1 16 0 Pref. .. __ 1 11 9 Wright, Steph. . 1 14 3 Convert. debs 13 3 SHIPPING— Hud. Parker, pf 0 16 9 Union, pref. — 10 7 WOOL, TEXTILE S— Feltex, N.Z. ... 2 2 0 Pref. — 0 18 9 Lane Walker Inc 1 16 6 Pref. 0 18 9 Tekau 17 0 Timaru 12 6 10s paid 0 12 0 MISCELLANEOUS Airwork 10 0 Pref. .. 0 18 0 Amal. Batt. 1 10 0 Ampol 0 18 0 Andrews and Bea ven 14 0 Pref. .. — 0 18 6 Apex Ice 2 15 0 2 18 6 Aulsebrooks, pref 0 19 0 A. S. Paterson . _—_ 16 0 Aust. C.I. 2 11 0 A.W.A. .. 0 17 0 Ballins Hotels 0 9 3 Bing Harris, “A’ 0 19 0 Broken Hill Pty 2 6 9 Buntings 17 6 Clyde Ind. 0 11 9 0 12 3 Cory-Wright 110 Pref. , 0 18 0 Cyclone Fence . 1 10 0 Pref. 0 19 3 Dom. Rubber 17 6 Dorn. Builders 0 8 0 - Dom. Fertiliser . 12 0 13 3 Donaghy’s Rope . 2 3 6 2 5 0 Dunlop, N.Z., pref 0 15 0 Fletcher Holding 1 10 6 1st pref. 10 3 Convert. Debs 14 6 Frozen Product 0 4 10 - Giant 0 12 6 G. J. Coles 0 16 6 Golden Bay0 9 8 Grey and Menzie 0 13 6 Hay’s, Ltd. — 110 Henry Jones 2 2 6 J. J. Niven 1 17 0 M.C.P. 0 3 8 Leyland Invest. . _— 0 6 6 McCaskey, pref. . — 0 17 0 McKenzies 0 17 0 0 17 7 N.Z. Express 1 12 0 N.Z.F. Fertiliser pref. 0 19 8 N.Z. Forest Prods 1 2 0 Pref. .. 0 17 6 Norvic Shoes, c.c 0 19 0 10 0 Olympic 0 6 6 — Reid Murray 0 10 3 0 10 6 Cont. .. 0 7 3 —— Reichholds. rts. . — 0 12 9 Skellerup, pref. . 0 18 0 — Tasman .. 0 19 6

Buyers £ s. d. Sellers £ s. d. Miscellaneous (Cont’d.)— Tip Top Ice 0 13 9 Vibrapac Blocks 18 0 Vibrapac (Otago) 12 3 Whakatane. ord. 17 6 Pref ... Whit, and Tombs 18 0 W’lworths. ord. .. 0 16 3 (N.Z.), ord. 0 16 8 — UNLISTED STOCKS Buyers. Sellers. £ s. d. £ s. d. Chch. Press 12 10 0 C.O.P., ord. 15 0 Finance and Discount, ord. 13 0 Kaiapoi Woollen 15 0 Pref. 10 6 12 0 Matea Forests .. 0 3 7 Regent Theatre .. 12 6 Scales 0 7 3 Tudor Hosiery .. — 0 18 0