COMMERCIAL Markets Inactive But Firm On ’Change

Press, Volume XCVIII, Issue 28870, 15 April 1959, Page 17

COMMERCIAL Markets Inactive But Firm On ’Change

Turnover was again light on the Christchurch Stock Exchange yesterday, but the tone of the market was firm. Three parcels of Government stock changed hands, one at a lower yield and twd at higher yields than were obtainable last week. There were more buyers than sellers in this section of the market. Canterbury Frozen Meat, in first business since Easter, gained 5s to sell at £25. National Mortgage and Ready Mix Concrete were also firmer. . One parcel of Reid Murray sold unchanged at 10s 4d and another parcel sold Id higher. Cox Bros, and Tasman changed hands at lower prices.

N.Z. SHARE TRANSACTIONS

CHRISTCHURCH SALES ON ’CHANGE

AUCKLAND Late Sales. — Monday: £7BlO 15/4/ 60-63, 3 per cent,.. £94 15s: 500 A.N Z. Bank, 42s 3d; 100 Devonport Ferry, contributing, 9s 3d; 100 Auckland Laundry, 20s; 400 Farmers’ Trading, “A” pref., 22s 3d; 200 Reid Rubber, pref., 18s 6d. Sales.— Yesterday: £950 15/6/59-60, 3J per cent., £99 Ms; £1650 15/9/5760, 3J per cent., £97 13s 9d; £lOOO Auckland Gas, perp, deb., 4J per cent., £64; 300 Commercial Bank of Australia, 16s 6d; 290 N.Z. Breweries. 355; 220 Traders Finance, 26s 6d; 150 N.Z. River Plate, 12s 9d; 100 Ampol, notes, 13s 4d; 150 A.C.1., 51s 9d; 300 Brambles Industries, 13s sd; 150 Broken Hill, 47s 6d; 15 Canterbury Meat, £25; 100 Email, 6s lid; 190 Coles, 16s 3d; 300 Fletchers, 31s; 100 Hawkins Holding, 16s; 500 Henry Berry, pref., 18s 6d; 100 J. Watties, old, 265; 200 N.Z. Farmers’ Fertiliser, 29s 6d; 400 N.Z. Refrigerating, 31s 6d; 530 Northern Roller, 31s; 500 Reid Murray, 10s 3d. and 1600 at 10s 4d; 800 Reid Rubber, pref., 18s 6d; 150 Ross and Glendining, 225; 4100 Toppa, 4s Id; 400 Whakatane Board, 28s; 200 Wilsons Cement, 13s Bd.

Unlisted.— 6so Hellabys, 51s; 200 Traders Acceptance, 10s. WELLINGTON

Late Sales.— Monday: £lOOO Ak. Transport, 5 per cent., 4/12/67, £lOO Is 6d; 100 South British Insce. (2i, 72s 6d; 200 Forest Products (2), 22s 6d; 100 N.Z. Packing, 21s 9d; 790 Woolworths (2), 16s sd.

Sales.—Yesterday: £765 3 per Cent., 1959-61, £96 2s 6d; £2OO 32 per cent., 1959-60, £99 7s 6d; £llOO 32 per cent., 1962 (2), £97 12s 6d; £6OO 32 per cent., 1965, £93 7s 6d; £920 4J per cent., 1960, £99 12s 6d: £lOOO Auck. Transport, 5 per cent., 4/12/67, £lOO Is 6d; 200 Tui Breweries, 19s; 750 South British (2), 72s 6d; 300 National Percentage “B.” 7s; 950 Wright, Stephenson, 34s 6d; 90 Wright, Stephenson, conv. debs., 23s sd, and 505 at 23s 6d; 100 Felt and Textiles, N-Zk.- pref., 18s 6d; 200 Oamaru Wodl, new, 41s 6d; 100 Ampol, 18s Id, and 300 notes (2), 13s 4d; 4 Colonial Sugar (Sydney), £3B 12s 6d; 700 Clyde Industries (2), Ils 9d; 100 Email, 6s lid; 100 Fletcher Holdings, 31s, 100 “B” pref. 18s, and 100 “C” pref. 18s: 580 Coles, 16s 3d; 400 M.C.P., 3s 8d; 100 Forest Products (2), 22s 6d; 300 N.Z. Packing Corp., 21s; 200 Ready Mixed Concrete, 22s 6d; 500 Reid Murray. 10s

sd, and 1000 at 10s 4d; 200 Reichhold, 24s 6d; 350 Truth (2), 37s 6d; 500 Waltons Sears (2), 14s sd; 400 Whakatane (2). 28s; 250 Maple (unlisted), 435. DUNEDIN Sales. —Yesterday: £2OOO 3 per cent., 15/8/59-61, ' £96 ss; 500 N.Z. Refrigerating (2), 31s 6d; 100 Nat. Insce., 24s 6d; 400 Kauri Timber. ,186 6d: 400 M.C.P.. 3s 8d; 459 Forest Prod., pref. (2), 17? Fdrest Prods., ord., 22s 4d; and 100 at 22s 6d; Reid Rubber, pref.. 18s 6d; 499 Ampol Petroleum. 18s 2d; 500 Amalgamated Wireless, 17s' Id; 200 Chas. Begg and Co., 63s 6d; 500 Truth (N.Z.) (2), 37s 6d; 200 Woolworths (N.Z.), 16s 9d. INVERCARGILL Sales.—Yesterday: £lOOO 3 per cent., 15/4/60-62. £96.

OVERSEAS EXCHANGES SYDNEY All sections of the Sydney Stock Exchange were firm yesterday with the exception of oils, which were easier. Sales.—Nat., 20s pd., 35s 44d; Bank N.S.W., £37 7s 6d; A. Hordern, 24s 9d; A.C.1., 60s 6d; Brad. Cott., 39s 6d; Brit. Tobacco, 35s 3d; 8.H.P., 56s 9d; Clyde Ind., x.d., 13s 8d; C. Sugar, £47 2s 6d; Ampol Pet., 21s 44d; Assoc. Oil. 2s 9d; Dunlop, 39s 6d; Email, 7s lid; Gen. Ind., 16s 9d; G. J. Coles, 19s 6d; Golds Mort, 29s 6d; H. Jones, 53s 6d; Morts Dock, 6s 9d; R. Murray, 12s; W’combe, 30s 9d; Woolworths. 19s 44d; Mt. Isa, 41s 6d; Nth. 8.H.. £5 0s 6d; Sth 8.H., 59s 9d; Ampol Pet., 21s 4Jd; Assoc. Oil, 2s 9d; Assoc. Freney, Is UJd; Oil Search, 10s 8d (later sale Ils 4d); Emperor, 7s 3d; Mt. Morgan. 16s 6d; Placer, £5; N.A.UC., Is 8d; Timor, 6s 7d; M.K.1., 17s 6d. MELBOURNE Investment shares remained steady. The leaders were strong, while Huddart Parker rose Is. In an active mining section base metals remained firm. Oils were active on a steady market. Commonwealth bonds maintained a firm tone. Sales.—Com. Bank, 19s 8d; N.S.W., £37 ss; Cust. Credit, 15s 7d; Factors. 8s 6d; 1.A.H., 16s 6d; Nat. Radiators, 295; Repco, 13s; Gen. Motors, pref.. 24s 6d; Carlton Brew., 26s 3d; Swan Brew., 10s; A.W.A., 20s Id; Email, 7s lid; Cox Bros.. 5s sd; Edments. 5s 2d; G. J. Coles. 19s 4d; Myer. 24s 4d; Reid Murray, 12s; Woolworths, 19s 4d; Hud. Parker, 72s 9d: Ampol, 21s sd. and notes, 15s 9d; Assoc. Pulp, 40s 3d; A.C.1., 60s 9d; A.P.M., 32s 9d, and notes, 30s; Brad Cotton, 39s 6d; Brit. Tobacco, 35s 3d: 8.H.P., 56s 9d: Clyde, x.d., 13s 8d; Col. Sugar, £47 2s 6d; Cyclone. 22s 3d; Drug. 44s sd; Dunlop. 39s 6d‘ E.Z. Ind.. 18s 2d; Fed. Hotels, 6s 6d; Felt Text.. 30s 6d; H. C. Sleigh. 19s lid, and notes. 62s 9d; Herald 265; Humes, 625; 1.C.1., A., N.Z., 60s 9d; Mould. Prods.. 20s. and new. 19s 6d; Olympic. 7s 4d; Peters Vic.. 395; Reichhold. 29s 9d. and rights. 15s 9d; Mt. Isa. 41s; Mt. Lyell, 30s; North 8.H., £5 0s 6d: Oil Search. 12s; Timor. 6s 4d; Eclipse, 3s; Mt Morgan, 16s 6d.

QUOTATIONS IN CHRISTCHURCH

£. s. d. Var’n. 400 Cox Bros. .. 0 4 8 —4d SALES REPORTED £700 3 p.c., 57-60 97 17 6 — £885 3 p.c., 59-61 96 5 0 — £1200 4J p.c., 62-63 99 15 0 — 15 C.F.M. .. 25 0 0 4-5s 500 Nat. Mort., A 0 6 10 4-ld 100 Feltex, N.Z. 2 10 — 100 Feltex, N.Z., pref. .. 0 18 6 - 100 A.C.I. .. 2 11 9 — 100 Donaghys .. 2 4 0 — 100 David Jones 2 2 9 — 100 Hallen. Bros. 1 15 6 — 400 Reid Murray 0 10 4 N.C. 200 Reid Murray 0 10 5 4-ld 100 Ready Mix 2 3 0 4-3d 200 Tasman 10 0 —3d

Buyers £ s. d. Sellers £ s. d N.Z. GOVT.r— 3 p.C., 15/11/57-60 97 17 6 — 3 p.C., 15/8/59-61 96 5 0 — 3 p.c., 15/4/60-62 96 2 6 — 3 p.c.. 15/6/61-64 92 0 0 — 3 p.C., 15/7/63-65 90 15 0 — 3 p.c., 15/5/64-66 89 15 0 — 3J p.c.. 15/9/59 . 99 5 0 4 p.c., 15/8/65-66 —~ 94 12 6 42 p.c.. 15/8/62-63 99 12 6 LOCAL BODY, CO. DEBS.— Tasman. 1964 95 0 0 96 0 0 1965 95 0 0 BANKS— A.N.Z. 2 16 “B” 2 4 0 — Comm, of Aust. .. 0 16 3 0 16 8 E.. S., and A. 19 0 — Natl, of N.Z. 18 6 N.S.W. 31 7 6 BREWERIES— Ballins, ord. 1 10 9 Dominion — 3 15 6 New Zealand — 1 15 0 Westland — 1 17 6 FROZEN MEAT— Canterbury 24 15 0 25 0 0 N.Z. Refrig. 1 11 4 Southland 3 0 0 South Otago 1 13 6 Waitaki .. •• 2 0 0 2 4 6 GAS— Auckland 0 6 7 — 5s paid 0 3 0 — Christchurch 0 16 9 INSl’RANCEF.A.M.E. 12 6 16 0 National — 14 6 Standard 10 5 LOAN AND AGENCY— C.F.C-A.. ord. 2 11 0 Chch Bldg., c.d. 1 8 0 — Dalgety, c.d. 1 15 0 Farmers Fin. 0 18 6 N.Z. Guarantee 0 3 0 Nat. Mtge. “A” 0 6 9 — « “B” 0 6 9 0 7 3 N.Z. River Plate 0 12 6 N.Z.F. Co-op. .. —— 0 12 4 First Pref. —— 0 13 0 **A” pref 0 11 6 0 12 3 "B” pref. —— 0 12 0 52 p.c. Stk., ’70 •— 93 0 0 52 p c. Stk., '75 — 93 0 0 31/1/71 —— 93 0 0 15/5/71 — 93 15 0 N.Z.L. and Met., ord. •. •• 19 0 — South Island Fin. 1 12 9 — Pref. .. — 119 Wright, Steph. .. 1 14 6 —— Convert. debs. 13 6 — SHIPPING— Huddart Parker 0 16 9 0 17 6 WOOL, TEXTILES Feltex, N.Z. 2 0 3 — Pref. .. 0 18 0 — Lane Walker Ind. 1 16 6 — Pref. 0 18 9 — Manawatu 2 2 0 — Tekau 17 0 —— Timaru 12 6 —— 10s paid 0 12 0 — MISCELLANEOUSAirwork 10 0 — Amal. Batt. 1 10 0 — Ampol 0 18 0 0 18 3 Andrews and Beaven — 14 0 Pref. .. —— 0 18 6 A. S. Paterson .. — 16 0 Aust. C.I. 2 11 9 — AW.A. .. 0 16 9 MS Ballins Hotels 0 9 3 — Beath and Co. — 1 14 0 Bing Harris, “A” 0 17 6 0 18 6 Broken Hill Pty., c.d. 2 7 3 — Buntings 17 6 — Clyde Ind. 0 11 9 0 12 3 Cory-Wright. pf. — 0 18 0 Coulls Somerville 1 19 6 — Cox Bros. — 0 4 8 Cyclone Fence .. — 1 10 0 Dom. Rubber 18 0 — Dom. Builders 0 8 0 Donaghy’s Rope — 2 4 6 D.I.C. — 0 17 0 Dunlop Rubber .. — 1 14 9 Email 0 6 9 — David Jones 2 2 3 2 3 3 Farrier - Waimak 0 11 6 0 12 6 Fletcher Holdings 1 10 9 — Frozen Products 0 4 11 — iGiant ** 0 12 6 • G J- Coles 0 16 2 0 16 5 1 Golden Bay — 0 9 8 iHallentein Bros. 1 15 0 — Grey and Menzies 0 13 6 — Hay’s. Ltd. 10 6 116 , Holm Engineering 0 17 0 |J. Gadsden 1 14 0 M.C.P — 0 3 8 1 Macky Logan 0 19 0 —

Buyers £ s. d. Sellers £ s. d Miscellaneous (Cont’d.)— Moulded Products 0 16 9 McCaskey, pref. .. — 0 17 0 McKenzies — 0 17 6 Milburn Lime 13 6 MV N.Z. Express 1 12 0 MV N.Z.F. Fertiliser, pref. 0 19 7 N.Z. Forest Prods. 12 0 MV Pref. .. 0 17 6 MV N.Z. Newspapers 2 2 0 — N.Z. Pack. Corpn. —— 12 6 N.Z. Paper Mills 1 14 9 M— Norvic Shoes, c.d. 0 19 0 10 0 Quill Morris 0 17 9 MV Reid Murray 0 10 3 0 10 5 Cont. 0 7 0 MV Ready Mix Cone. 2 2 6 2 3 3 Reichholds, rts. .. 0 12 4 v—Tasman .. 0 19 9 VM Tip Top Ice — 0 13 8 Ultimate-Ekco V— 0 19 3 Vibrapac Blocks 19 6 MV Vibrapac (Otago) — 1 .2 0 Whakatane. ord. 17 9 MV Pref. .. 116 VM Whit, and Tombs — 18 0 Wm. Cable Hdgs. 12 3 — Will. Jeffery, cd. 1 3 0 v— W’lworths. ord. .. 0 16 3 MV (N.Z.) ord. 0 16 8 MV MINING— Mt. Lyell 15 3 16 9 Waihi 0 7 10 — UNLISTED STOCKS Buyers. Sellers. £ s. d. £ s. d Burt, A. and T. .. 2 10 0 — Carbonic Ice — 2 13 0 C.O.P., ord — 14 9 Chch. Press 12 12 6 VM Kaiapoi Woollen 14 6 15 0 Pref. .. — 12 0 Matea Forests .. 0 3 8 — r’rud. Building .. 0 18 0 Regent Theatre .. 12 6 14 0 Scales — 0 7 2 Tudor Hosiery .; 0 14 0 0 18 0