COMMERCIAL Sharemarket Quiet But Firm

Press, Volume XCVIII, Issue 28937, 3 July 1959, Page 15

COMMERCIAL Sharemarket Quiet But Firm

Recorded turnover of the Christchurch Stock Exchange yesterday was confined to one parcel of Government stock and fewer than 5000 shares. Australian shares were again comparatively neglected. South British Insurance rose further in business at 76s 6d. William Cable Holdings and Woolworths, m first Christchurch business this week, were also firmer.

Steady prices were paid for E. S. and A. Bank National Mortgage A, Bearing Service Holdings, Beaths, and Kaiapoi Woollens.

N.Z. SHARE TRANSACTIONS ;

AUCKLAND Salea.—Late Wednesday: £4OO Chch. Tramway 1/2/60, 41 p.c., £lOl la 3d; £l5B Auck. Gaa, perp., 41 p.c., £64 10s; 200 Holeproof, pref., 17s; 650 J. Chambers, 20s. Yesterday £3BO 15/11/57-60, 3 p.c., £97 17s 6d, and £930 at £97 IBs 9d; £9OO 15/6/61-64, 3 p.c., £92 7s 6d; £7OO 15/9/59, 3i p.c., £lOO 13a 9d; £2400 15/5/62. 3| p.c., £97; £3390 North Shore Dt-ainage, 30/9/68, 5 p.c., £9B 19s 6d; 306 Nat. Bank N.Z., 32s 6d; 525 South British, 775; 300 Wright, Steph., pref., 19s; 100 Northern Steam, 13s 9d; 500 Holeproof, pref., 17s; 300 Auckland Laundry, 19s 6d; 50 A.C.1., 59s 6d; 500 Consol. Brick, 21s 6d; 112 Dunlop, Aus., 355; 300 Farmers’ Trading, 475; 400 Fletchers, 345; 100 Gear Meat, 22s 3d; 140 H. C. Sleigh, rights, Ils 6d; 3200 J. Chambers, 20s; 200 M.C.P., sd; 506 M. Manufac., 8s 6d; 570 Mauri Bros., 445; 400 Northern Steel. 37s 6d; 400 Keid Murray, cont., 8s 2d, and 500 at 8s 3d; 200 Rubber Dist., 14s 9d; 1000 Speedway, 16s 6d; 100 Mt. Lyell, 27s 6d; 100 Hellaby's (unlisted), 55s 6d. WELLINGTON Sales.—Late Wednesday; 113 Wgtn. Gas. prtf., 17s 9d; 200 N.Z. Insce., 72s 3d; 150 Sth. British Insce. (2), 76s 6d; 300 Bartholomew Timber (2). 33a 6d; 100 Bonds, 21s 6d; 250 A.C.1., 56a; 286 8.H.P,, 48s 9d: 950 Bing, Harris “A* (3). 19s; 50 ilauri Bros., 445: HD Turnbull, Jones, 41s 3d; 500 Kaiapoi (unlisted), 27a «d. YesterA 1 ~c ’ W - £ " ’• U; £l6OO 4J p.c.. *62-63 (2), £101; 100 N.Z. Brew., 38s 9d; 3M Tui Breweries, 18s 6d; 100 Gear Meat, 22s 3d; 200 N.Z. Ins., 72s 6d; 1000 Nat. Mort. “A," 7s, and 1500 “B” (2). 7s Id; 100 N. Invest. M. and D., 12s 9d: 274 Taupo Totara. 365; 200 Felt and Textiles N.Z., Ms 6d; 200 Ampol (2), <3) U Ms I W* e *o B ’B^ 3d: 9M M’charies Begg' 4#s: Mo M^c»t.V M Caton IMlOd; too Grtffinx 14s 6d: 1» H. C. sleigh, rts. (2). Ils 6d: 300 John Chambers. 20b; 200 J. Wattle tanneries (2), 29s 3d; 200 Reid Murray, Ils. and 200 cont., 8s 2d: 30# Tip Top (Auck.), 13s 7d; 400 United Empire Box. pref, 235; 600 Waltons Sears (5). 14s 6d; 2180 William Cable (5), 24s 9d: 300 Wool-

worths (Syd.), 15s 9d; 600 Mates (unlisted) (2), 4s. DUNEDIN ■ales.— Yesterday: 8 Bank N.S.W, £34; 100 Beath and Co, 32s 3d; 800 H, C. Sleigh, rtr, Ils 3d; 500 John Chambers. 20s; 300 Forest Prod, pf, IM 6d; 1500 Walton Sears (2), 14s 6d; 300 Nat. Ins. (2), 27s 9d; »1 Southland Frozen Meat, 675: 225 Bruce Woollen, 38s 6d; 250 Kaiapoi Woollen (unlisted). 27s 6d. INVERCARGILL Sales.— Yesterday: 200 N.Z. Ins, 72s 6d; 100 Wright. Steph, 375.

OVERSEAS EXCHANGES SYDNEY Key Industrials, oil, uraniums and Commonwealth loans were firm on the Sydney Stock Exchange yesterday. Textiles were steadier while metals were easier. Sales.— Nat, 12s 6d pd, 22s lOUdfl Nat, 20s pd, 37s 3d; Bank N&wJ £4O ss; Tooth, 58s 6d; AW-A-MBS 9d; A. Hordern, 26s 7>/ad; AN3X, 70s; Brad. Cotton, 39s 9d: Brit Tpb„ 37s 9d; ri«.P, slfs 6d, and lOs 'pd, 46s 9d; B. Philp, 83s; Clyde Ind,, 16s 6d; C.S.R., £55 7s 6d; CourtaUldS, 19s; D. Jones, 59s 9d; EJL tad, IM 3d; Email. 10s 3d; Feltex, 34s 6d; Gen. Ind, 21s 3d; G. J. Coles, 60s; Golds. Mort, 295; H. Jones, 59s 3d; 1.C.1, 63s 3d; Morts Dock, 9ss R. Murray, 12s sd; Py*. 39s 6d; Waltons, 16s 9d; Woolworths. 18s; Yarra Falls, 255; South 8.H.; 12s 6d; Ampol Pet.. 20s 9d; Assoc. Oil, Is 5*,4d; Oil Search, 6s 7d; Peko, 6s lOd; Placer, £5; N.A.U.C, Is lOJd; United Uran, 8s 9d; Timor, 7s Id, and rts, 2s 3d; M.K.I, 20s 6d. MELBOURNE Investment shares held * a firm tone. National Consolidated gained Is to 265. Retailers were active. Base metals and oils remained steady. Consolidated Zinc and North Broken Bill both eased Is. Sales.—BH. South. 12s 6d: Mount Isa, 59s 9d; North 8B„ 9is; Peko. 6s 9d; Oil Search, 6s 9d; Timor, 7s, and rts, 2s 2d; Commercial Bank, 20s 9d; Com. of Sydney, £23; N.S.W, £4O; Custom Credit, 16s sd; Ind. Accept, 15s 8d; Repco, 14s; Carlton, 325; Swan, 10s 4d; A.W.A, 23s 9d; Email, 10s Id; Cox Bros, 6s 2d; Edments, 5s 3d; G. J. Coles. 20s; Reid Murray, 12s 6d, and 2s 6d pd, 9s 6d; Wo.olworths, 18s; Huddart Parker, 765; Ampol. 20s 4d; Aust. Consol. Ind, 70s 3d; B. Tobacco. 375: B.H.P, 57s 6d; Clyde Ind, 16s sd; Cyclone, 25s 3d; Drug Houses. 41s 3d; E.Z. Ind, 19s; Gen. Ind, 21s; Gordon and G, 21s 3d; H. C. Sleigh, 20s sd, and rts.. 13s 9d; Henry Berry, 21s 4d: Herald, 34s 3d; Humes, *?: f- c 4;» A - WZ- 63s 9d; Kauri, J? 8 . M: uirted Prod., 24s 3d; Nat. pe£y. , £J 3; Olympic. 8s 4d; Reichhold, 31s 6d. LONDON

Wednesday’s dealings included B.H. South, 9s #d: HH.P, 46s lOJd: Sj*“» #3s and pref, 13s 6d; Mount Isa. 38s 3d; Oil Search, 5s 3d (buyer).

QUOTATIONS IN CHRISTCHURCH

CHRISTCHURCH £ s. d. Var’n SALES ON ' CHANGE 50 Sth. Brit. Ins. 3 16 6 +3d 100 Beaths 1 12 3 N.C. SALES REPORTED £380 41 p.c., June, •61 99 0 0 —. 600 E. S., and A. 1 12 3. N.C. 50 Sthld. Fr. Mt. 3 7 0 1000 Nat. Mort., A 0 7 0 N.C. 100 Bear. Serv. .. 2 2 0 N.C. 1850 Wm. Cable (3) 1 4 9 4-3d 200 W'worths. .. 0 15 10 +3d Unlisted stock 450 Kala. Wool, 2* 1 7 6 N.C. 200 Kaiapoi Wool. 1 7 6 N.C. •Late sale Wednesday.

J rre Sellers. £ s. d N.Z. GOVT— 3 p.c.. 98 0 0 3 pc.. 15/8/59-81 97 0 0 MB 3 p.c., 15/4/60-82 95 15 0 3 p.c., 15/4/60-63 94 0 0 — 3 p.c., 15/7/61-63 94 15 0 MB 3 p.c., 15/6/61-64 92 0 0 —— 3 p.c,, 15/7/62-64 93 5 0 mb 3 p.c., 15/7/63-65 93 0 0 BM 3 p.c., 15/5/64-66 90 0 0 BM 4J p.c., 15/6/61 ., 99 0 0 MB 43 p.c.. 15/8/62-63 100 12 6 — BANKS— A. and N.Z. .. 2 7 6 — "B” .. .. 2 10 3 B— Comm, of Aust. .. 0 17 0 —— Pret .. 5 15 0 6 0 0 E., S., and A. .. 1 11 9 1 12 6 Nat. of N.Z. .. 1 11 6 1 13 0 N.S.W. (Syd.) .. 33 10 0 34 2 6 BREWERIES— Ballins, ord. cd. 1 15 0 MB New Zealand, c.d. 1 18 3 —— Carlton .. — 1 8 0 FROZEN MEAT— Canterbury .. 25 10 0 26 0 0 Pref .. 5 10 0 MB NX. Refrig. .. 1 16 6 1 17 6 Nth. Canty „ pt. .. 0 19 3 — Southland .. 3 7 0 BM Waitaki ..343 BM GAS— Christchurch .. — 0 18 6 Cont .. .. — 0 14 i) INSURANCE— FA.M.E ..143 BM National .. — 18 0 New Zealand, c.d. 3 12 0 BM South British 3 16 3 BM Standard 116 — LOAN AND AGENCY— C.F.C.A.. 51 p.c. Stk., 21/4/61 . 89 0 0 B pref — 2 10 0 D pref. .. — Credit and Fin. 13 6 2 10 0 Dalgety .. 1 17 0 MB Golds., Mort .. 13 3 — Mutual Benefit .. 0 19 3 10 0 Natl, Mort.. "A" - 0 7 1 “B" ..070 BM N.Z. Guarantee .. 0 3 4 BM N.Z.F. Co-op. .. 0 13 9 MB 1st pref. .. 0 14 3 — “A” pref. .. 0 13 10 0 13 4 "B" pref. 0 12 9 4. BM 51 pc. Stk., "JO 92 0 0 MS 5»,i p.c Stk. "75 92 10 0 BM Newton King 0 15 9 BM United Building —. 0 19 0 Wright, Stephen. 1 16 9 SHIPPING— * P. and O. .. 1 15 0 BM timber— Kauri. .. 0 16 7 — WOOL. TEXTILES— Bonds .. .. — 119 Bruce .. .. — 1 19 0 iFeltcx .. ..190 BM , N.Z., C.d. .. 2 10 0 BM New ., ■.. — 2 14 0 Lane, Walker Ind. 2 0 0 BM Pref 0 19 1 BM Manawatu .. 2 4 0 MM Tekau .. .. 19 6 •— MISCELLANEOUS— Airwork .. — 1 4 0 Pref — 0 18 0 Alex Harvey .. 15 6 BM Amal. Batt. .. 1 13 4 BM Ampol, x.d. .. 0 17 9 MB Aulsebrooks. pf.. x.d. .. .. — 0 18 6 Bearing Services 2 2 0 —— Aust.. CJ. .... .. 2 19 0 BM Ballins Hotel - 0 14 6 ““ Baath and Co. .. 1 12 3 BM Brambles .. 0 19 0 BM Begg and Co. .. 3 10 0 — Bing Harris, “A” 0 19 3 British Tobacco 1 10 6 BM Broken Hill Pty. 2 JB 6 2 9 0 1 11 6 Claude Neon. N z‘ 3 11 0 BM Clyde Industries 014 6 —— Colonial Sugar .. 46 is o BM Sydney .. 46 13 O — Consolid. Brick ..1 1 0 ■ Cory-Wright .. 0 18 3 10 0 Pref. .. — 0 17 6 Oulta Somerville 2 5 6 BBB Pref .. .. 0 18 3 <B— Cox Bros. .. 0 5 6 0 5 7 Cyclone Fence, c.d. •. •• 19 6 BM Dorn Fertiliser .. 19 0 BM Donaghy’s Rope 2 3 0 — D.I.C. .. .. 0 18 10 ■ Pref 0 18 6 BM Ducon .. 1 12 9 BM Dunlop, N.Z. .. 16 0 BM Pref. .. .. 6 15 3 MB Email ., ., 0 8 9 BM E.Z. .. .. 0 15 10 BM Farner . W aimak 0 16 3 <J 17 3 Fletcher Holdings,

Buyers Seilers Miscellaneous, eontd.— c s a x.d. 1 13 6 —— “B” pret. 0 18 0 —— "C" prei 0 18 0 Convert Debs. 1 7 3 G. J. Coles .. 0 16 9 Golden Bay 0 10 2 Hay s, Ltd. 12 3 Pref. .. 0 18 3 0 18 6 H. C. Sleigh, rts. 0 11 3 Holm Engineering —. 0 18 6 I.C.1 A., NZ. .. 2 14 0 J. Gadsden 1 15 9 John Chambers .. 0 19 6 J. Mercer Ind., pf. 10 0 J Wattie Canns 1 8 0 K.P. Drugs 4 0 0 McCaskey pref.. c.d —_ 0 17 0 McKenzies, x.d. 0 17 0 Mid Motor, pf. 0 18 6 Milburn Lime 17 6 18 0 National Electric 7 5 0 N.Z. Fert.. pref.. c.d. 10 0 —— N.Z Indust. Gas 2 2 0 N.Z. Newspapers 2 2 9 N.Z. Paper Mills 2 2 0 . Norvic Shoes —— 10 0 Otago D Times 2 11 0 Phillipps. Impey 2 4 0 Quill Morris 1 1 0 R. and E. Tingey 0 7 6 Reid Murray 0 10 10 0 ii 0 Ross and Glend. 13 3 14 0 Silknit ,. 0 18 6 Simpson and W. 2 17 6 Toppa 0 4 8 Tasman 1 2 6 1 *3 3 Tip Top Ice 0 13 7 Ultimate-Ekco 1 0 8 Vibrspac i Otago) 10 9 Waltons 0 14 6 Whakatane. ord. 1 8 9 —— Pref 1 2 6 Whit, and Tombs 18 6 —— Wm. Cable Hldgs. 1 4 7 15 0 Wilson’s Cement 0 13 8 Woolworths ord. 0 15 9 (N.Z.), ord. 0 16 9 0 16 10 W R. Carpenter .. 0 16 6 MINING— Ampol, ex. 0 8 0 Arahura 0 7 6 Clutha 0 0 10 Walhi 0 9 6 UNLISTED STOCKS Buyers. Sellers. £ a, d. £ a. d. Brothers Sewing Machine 0 5 6 Chch. Press 12 10 0 MS C.O.P 15 3 Farrier - Waimak, pref. .. .. —- 0 19 9 J. Mercer 2 0 0 Kaiapoi Woollen 17 0 1 8 0 Pref 119 —— Matea Forests 0 4 0 Mt. Cook Tours o ”5 0 0 9 0 Reece, E., ord. .. 0 7 0 Regent Theatre .. 12 6 Tudor Hosiery .. 0 14 0 0 16 0