COMMERCIAL Some Good Gains In Large Turnover

Press, Volume XCVIII, Issue 29002, 17 September 1959, Page 21

COMMERCIAL Some Good Gains In Large Turnover

Several good gains were recorded in verv active trading on the Christchurch Stock Exchang/yesterday.

Commercial Bank of Australia, Felt and Textiles Australia, and Ampol made -the largest gains. New’ xvnlS fng ? ratln S S ° Uth Ota «° Freezing, Tasman and W altons advanced more modestly, *

W ?°i! ,en ; in first rec orded business this month, changed hands at 26s 6d, after selling at 9 8s last month. Ballins Breweries, McKenzTes and ReM Murray also sold for lower prices.

On quotation, Canterbury Farmer’s Co-operative Association shares firmed in response to the higher dividend and profit announcement. Hays had buyers at 255, compared with last business at 245. Christ--219s 5d aS ’ S d S9d ° n AugUSt 20 ’ were offer ® d

N.Z. SHARE TRANSACTIONS

CHRISTCHURCH SALES ON ’CHANGE

AUCKLAND : Sales.—Late Tuesday: 450 n Z Breweries. 42s 6d: 50 N.Z. Insurance 86? M- B p tish Insurance’ Bbs 6d, 100 Bonds. 19s 3d: 200 N Z Newspapers, 44s 6d; 300 N.Z. Refri'eerating, 34s 3d; 200 Ross and Glenw3d: 100 intimate Ekco, 2ys, 100 Wisemans, pref.. 18s* 500 Wool worths, N.Z. properties, pref S’ 3068« n Radio: 1? M ’ . Ywtertoy: £loo ° ’6O-62, 3 W 128 M; £ 390 ’6O-63 3 per cent., £M; £lOOO ’62-64 3 per 65 per cent., f J! ?! 3 1 per cen L. ?? £ 3 ?P° 74 3J p « r cen t13 s 6du3o Bank N.S.W., Sydney. £* Dominion Breweries. N.Z. Breweries. 42s 6d; 100 KZ Insurance. 74s 3d; 50 South British Insurance. 86s 6d: 200 Wright Stephenson, 43s 6d; 1600 Northern Steam, 10s 9d: 100 Taupo Totara, 41s: ?°_ Aust - 335 3d: 200 Alex. h Harvey, 26s 9d; 200 Andrews and n en - 100 . ACJ - 44 J».. 57s «d. and 50 at 58s; 150 consolidated Brick. 23s 6d: 400 Cox Bros 6s 4d; 100 Fletchers. 36s 6d: «*> Coles. 14s lOd; 200 John Chambers. 225: 200 J. Wattle, 31s 3d: 100 KJ> V. Industries, 15s 6d; 100 Macky Logan, 245: 100 Forest Products, 29s Sd. and 109 pref, at 20s; 100 N.Z. Newspapers, 44s 6d: 120 N.Z. Paper. 47s 6d: 500 Reid Rubber. 39s 9d: 200 South Otago Freezing, 46s 9d. and 150 new, 465; 200 Tasman. 25s 3d: JOO U.K. Box, rights, 13s: 900 Waltons, 13s 9d; 500 Wm. Cable. 24s 6d; 100 Woolworths, N.Z., 17s 9d; 200 Woolworths, Sydney. 15s 4d Unofficial: 500 Bell Radio. 16s 6d. WELLINGTON Sales.—Late - Tuesday: 5 Bank N.S.W.. £36; 125 N.Z. Breweries, 42s 3d: 200 Hnddart Parker. 755: 250 8.H.P.. 57s 9d, and 168 at 57s 6d: 500 E.Z. Industries, 17s: 200 Golden Bay. 10s; 250 Rubber Dist., 15s: 200 Tasman Pulp, 255: 200 Waltons, 13s M: 500 Woolworths, Syd., 15s 6d. Unofficial: 100 Wm. Cable, 24s 9d: 500 Matea Forests. 4S. Yesterday: £2OO 3 per cent., ’57-60, £99; £5OOO 4J per eent., ’6l. £101; 750 N.Z. Breweries 12), 42s 6d. and 525 (2) at 42s 3d; 125 FAME. Insurance, 30s: 1100 National Insurance (4). 30s 9d; 200 Kauri Timber. 18s 3d: 100 Taupo Totara, 41s; 200 Felt and Textiles, N.Z., tts 6d: 200 Timaru Wool. 26s 6d; 500 Ampol 14). 20s 6d: 100 Ansett Transport, 8s: 100 Aulsebrook, pref., 18s Id; 200 Bing Harris. A. 225; 200 B.H.P. 13). 57s 9d: 400 Cox Bros. (3). «• 6d; 400 Fletchers (3). 36s 6d; 100

Frozen Products, 5s 8d: 200 Golden Bay. 10s; 600 Griffins (3), 17s; 100 K.P.N.Z. (3), 90s; 700 McKenzies (2). 19s 3d; 200 N.Z, Farmers’ Fertiliser. 36s 3d; 250 Forest Products, pref.. 20s; 200 Reid Murray, 9s 9d: 400 Ross and Glendining (3), 275; 300 Transport (Nelson) (2), 7s 6d: 200 Waltons (2), 13s 9d; 400 William Cable (2). 24s 6d. Unofficial: 100 Kaiapoi Wool. 29s 6d. DUNEDIN Sales.—Yesterday: £5OO 3 per cent.. ’6O-63, £97 17s 6d; 850 National Insurance (2), 30s 9d; 400 Standard Insurance (3), 26«; 556 Wright. Stephenson (2), 435: 100 Holeproof, pref., 16s 6d: 150 8.H.P., 57s 6dj 400 Clvde Industries, 16s: 500 Dominion Fertiliser. 36s 6d; 600 G. J Coles, 14s lid. 900 at 14s lOd, and 400 at 15s: 100 K.P., N.Z. Drug. 90s; 300 Forest Products, pref., 20s: 300 N.Z Newspapers (2), 44s 6d; 200 Tasman Pulp. 255, and 200 at 25s 3d: 200 Wm. Cable (2). 24s 6d: 200 Ampol, 20s 6d; 200 Ross and Glendining (2), 27s 3d: 100 Reid Murray, 9s lOd, and 300 at 9s 9d. INVERCARGILL Sales.—Yesterday: 100 Dominion Breweries, 66s 6d; 300 N.Z. Breweries, 42s 6d; 500 Waltons, 13s lOd.

OVERSEAS EXCHANGES SYDNEY All sections of the Sydney Stock Exchange were firm yesterday with were 6 weaker” ° f uraniuma - which i2s a fid S ’7f 2 A^ st - 238 '• National I 2 <£* P ~ ld ’ 255; Bank N.S.W., £4l St.*! 5 w°°H eys ’ 7 ’ id; A.W.A., 48s, A. Hordern, 345: ACI 81k 6rlBritish Tobacco, 40s 6d: B.H.P® 70s 6d, Burns Philp, 100 s; Clyde Ind }® s .. 6d; U.5.R.. £67 2s 6d; Courtaulds, 20s; D. Jones. 18s; Drug Houses. 495; Dunlop, 545; E.Z. Ind , 21s. Email, 10s lid; Feltex, 39s 6d; G. J Coles 17 s; Golds. Mort, 345; T Jon , e n s ’ ’?? 6d: Humes, 69s 9d; i.u.l. 70s; Morts Dock, 8s lOd: R Murray Ils 9d; Waltons. 16s: Pye. 47 i ? d: Woolworths. i 7s „ 7^: Yarr a Falls, 28s 3d: Mt. k^ U ’33 s 7 ’ad; M F Isa > 565: s °uth B ; B - m 4 , < L a T po1 ’ 23s 7 ‘Ad: Ampol Exp., 10s 10d; Associated Oil. 2s 4d: Ass ?? is sd; Oil Search, ?L 2d and , new - 6s ld = Mt- Morgan, n? eko ’ 9 s ’ United Uranium, 8s lOd; Timor, 6s Id; MKI, 20s 4tid.

MELBOURNE Investment shares on the Melbourne Stock Exchange maintained a firm tone on an active market yesBH.P. rose Is 3d, 1.C.1., A ’, “- £ ose ls an< * Henry Berry gained 2s. Base metals and the oils held a steady trend. Consol. Zinc gained 2s. Commonwealth Bonds held a firm tone on a more active market.

Sales,—B.H. South, 14s 6d; Consol. Zinc, 80s; Mt. Isa, 55s 6d; Mt. Lyell, 33s 7d; Peko, 9s: Oil Search, 6s; Commonwealth Mining, 9s 4d: Emperor, 7s sd; Comm. Bank, 23s and pref., 140 s; National 12s 6d paid 24s lOd and 20s fully paid. 41s; Customs Credit. 19s 9d; Factors, 12s 2d and nts., 34s 9d; Ind. Accept., 16s 9d; Nat. Consol 28s and new 27s 3d; Repco. 14s 3d; Swan, 12s 9d; A.W.A.. F* W; EmaH, lOs 10d : Cox Bros.. Is 2d; Edments. 6s 6d: G. J. Coles, 16s lid; Myer, 29s and new, 28s: Myer (S.A.), 15s 6d and pref., 28s Murray. Ils 6d and new. Us 3d; Waltons, 15s 10d; Woolworths, 17s 9d; Ampol. 23s 5d and new, 22s 6u and opts., 7s 9d; Associated Pulp. 52s 3d; A.P M., 37s 6d and rts., 10s 9d and pref., 26s 6d; 8.H.P., 69s 9d and 10s paid. 595; C.S.R., £66 17s 6dCourtaulds. 20s; Cyclone, 27s and pref., 19s lOd; Dunlop, pref., 32s 6d; Felt and Text., 39s 3d and pref. 2nd ® p £- l? s 6d and 3rd 4 p.c., 13s 3d; H C. Sleigh. 20s Hd and Is 3d c. paid. 16s; H Berry, 295: H. B. Smith, pref. 13s; H. Jones, 75s 6d; Herald, 39s 6d: Humes. 69s 6d; 1.C.1., A., N.Z., 695; Moulded Prods,, 265: Nat Dairy, £23 3s; Olympic, 9s 3d and pref., 20s; Peters iVj, 525; Taubmans. Us Id; Tom Piper, 275.

QUOTATIONS IN CHRISTCHURCH

178 Ballins Br. £ s. 1 17 d. Var’n 9 —3d 100 N.Z. Refrig. 1 14 6 + U 2 d 200 Nat. Ins. 1 10 9 N.C. 100 Ampol 1 0 6 -t-9d 800 Cox Bros., c.d., 2 200 Coles, 2 0 6 4 N.C. 0 15 0 N.C. 900 R. Murray 5 0 9 9 —3d 500 R. Murray, 2 0 9 10 —2d 100 Tasman 1 5 3 J-3d 900 W’wths., 4 .. 0 15 6 N.C. 100 A "brook, pf. 0 18 6 N.C. SALES REPORTED 600 C.B.A., 2 .. 0 19 0 +9d 450 Dom Br. 3 6 0 N.C. 250 NZ. Br. .. 2 2 3 N.C. 200 S. Ot Fr. .. 2 6 9 +3d 150 S. Ot. F., new 2 6 Q 500 Nat. Ins. .. 1 10 9 N.C. 800 N.Z. Guar. 0 4 0 N.C. 600 Feltex Aust. 1 13 6 +9d 100 Mosgiel* 2 8 6 N.C. 200 Tu. Wool .. 1 6 6 —1/6 200 AntL, Beav. 1 7 0 N.C. 300 A’brook. pf. 0 18 6 N.C. 400 Clyde Ind.* 0 16 0 N.C. 500 Clyde Ind., 2 10 CS.R. 0 56 16 10 0 0 N.C. 4-10s 800 Hay's, pf., 2 700 McKenz, 2 0 0 18 19 6 3 N.C. —3d 100 R Murray .. 0 9 10 —2d 300 Reich, nts.* 1 8 6 200 Taubmans 0 9 10 200 Waltons, 2* 0 13 9 N.C. 400 Waltons, c.d. 0 13 10 -+-ld 100 Wwths. 0 15 6 N.C. •Late Sale Tuesday.

Buyers Sellers £ a. d. « a. d. NX GOVT.— 1 p.c„ 15/11/57-60 99 0 0 — 3 p.c. 15/4/60-62 97 7 6 — 3 p.c. 15/7/62-64 92 10 0 92 15 0 31 p.C., 15/9/57-60 98 10 0 — 3% p.c. 15/6/59-60 — 100 10 0 344 p.C., 15/5/62 .. 98 15 0 — 3% p.c. 15/6/65-66 95 0 0 — 4 PC. 15/8/65-66 95 5 0 PC. 15/8/60 .. 100 0 0 —— 4‘i P C.. 15/6/61 .. 100 15 0 —- 4'j Pc., 15/7/61 .. 100 10 0 —- <1 p.c., 15/6/66-67 99 17 6 •— p.c. 15/8/62-63 100 10 0 4% p.c„ 15/7/63-64 100 10 0 — 4% p.c., 15/8/67-69 99 5 0 w—• P.c., 15/7/68-70 99 10 0 — local body. CO. DEBS.— Grey. Boro. 4 Pc. 1/10/65 .. 96 0 0 XC Drain, 31 p c. 30/9/83 —— 73 0 0 Tasman, '64 98 10 0 BANKS— A. N.Z. 2 9 0 “B" .. 2 10 0 — Comm, of Aust. 0 19 0 — v Pref. .. 6 2 6 LS and A. 1 12 9 Nat. of N Z 1 12 6 1 14 6 BREWERIES— Ballins, ord. 1 17 6 1 18 0 Dominion .. 3 6 0 —- New Zealand 2 2 0 2 2 3 Tooths 2 11 0 HesUand 1 15 0 FROZEN meat— Canterbury 26 0 0 26 10 0 , Pref. . . 5 17 6 N.Z. Befrig. 1 14 6 1 14 9 South Otago GAS— 2 6 3 2 7 3 Christchurch 0 18 9 0 19 5 Cont. .. 0 14 9 insurance— FA.M.E. 1 8 9 — National 1 10 8 1 11 0 New Zealand 3 14 6 —— South British 4 6 3 4 7 0 Standard I 5 9 LOAN & agenct CJ-.CA., ord. .. ~2 11 6 — PC. 21/4/61 91 7 6 Credit ano Fin .. 1 6 9 Daigety, c.d 2 4 0 2 5 0 London 2 4 0 2 5 0 Mutual Benefit .. 1 0 0 * Nat. Mtge. “A" — 0 9 0 B' 0 8 7 0 9 0 N.Z. Guarantee .. 0 3 9 0 4 1 n Z r co-op. c.d u 17 6 — First pref. cd. 0 18 6 — A pref. cd. 0 17 7 — B pref, c.d. .. 0 17 8 —— 5*1 p.C stk., '70 93 0 0 V* P* p.c. stk. *75 — 92 0 0 Perm. Invest. 11 0 0 12 10 0 Lotted Bldg. c.d. V 18 3 jy. Steph., c.d. 2 2 9 bright. Stephen*>n. pref. c.d. 0 19 0 ..Convert Debs .. SHIPPING— 1 9 9 Rudd. Park., xd — 3 16 0 P and O. 1 18 3 2 0 0 Union, pref. .. Timber- — 1 1 0 Kauri 0 17 9 0 18 6 bool, textiles Ronds .. 0 19 0 — Bruce 2 1 6 — Feltex 1 13 0 1 14 0 Holeproof, pf. .. 0 16 6 0 17 6

Buyers £ s. d. Sellers £ » d Lane, Walker, In. 2 7 0 Pref 0 19 3 Manawatu 2 4 0 ■Mt Mosgiel 2 8 3 2 8 9 Oamaru 2 5 6 —— Tekau 1 12 0 Timaru, new 1 5 0 1 7 0 Timaru 15 9 17 0 MISCELLANEOUS—* Airwork 12 0 Pref .. 0 18 6 Ansett 0 7 11 0 8 0 Alloy Steel (N.Z.) 1 14 6 ** Amalg. Battery .. 1 16 6 «■— Ampol 10 3 10 6 Andersons, 1st pf. 0 19 0 And and Beaven •— 1 7 0 Pref. .. 0 18 3 Apex lee 3 2 0 — Aulsebrooks, pref. 0 18 6 Aust., C.I. 3 8 0 3 9 3 A.W.A — 14 3 Ballins Hotels 0 15 0 Beath and Co,, c.d. 1 14 6 «•— Brambles 1 6 0 —• Begg and Co. .. 4 8 6 4 11 0 Bing Harris “A” 1 1 6 — British Tobacco 1 14 0 1 14 3 Brother Sewing 0 7 6 Broken Hili Pty. 2 17 6 —— Buntings 1 14 0 Burns Philp 4 2 6 —— Clvde Eng. pf. .. 0 16 0 —— Clyde Industries 0 16 0 0 16 1 Col. Sugar, Syd. 56 0 0 56 10 0 Coulls. Som., cd. 2 10 0 —— Cox Bros c.d. 0 6 4 0 6 5 Cyclone Fence .. 1 10 3 — Pref., c.d 0 19 6 David Jones 0 14 11 0 15 4 D.I.C., pret —— 1 1 9 Ducon —— 0 19 3 Dunlop, pret.. x.d —— 1 8 0 Dunlop, N.Z., pt. 0 15 7 — Email 0 9 5 0 9 9 E.Z. 0 17 4 0 17 6 Fanners’ Trading 2 12 6 —• Farrier - Waimak.. c.d — 10 0 Fletcher Holds. .. 1 16 3 — ”B'' pref. 0 18 6 —— "C" pref. 0 18 6 — Convert Debs. 1 9 0 — Giant 0 14 6 — G. J. Coles 0 14 10 0 15 0 Greater Crystal 1 7 0 — Henry Jones 3 3 9 — Hav’s. Ltd., c.d. 1 5 0 16 6 Pref. 0 18 6 0 18 9 Howard Smith — 2 10 0 Holm Engineering — 0 17 0 J Gadsden 1 17 0 1 19 0 J. Chambers, cd. —- 1 5 0 J. J. Niven 2 3 0 — J Wattle Canneries pref. .. — 1 0 0 K.P. Drugs 4 9 0 4 10 3 Leyland Invest .. 0 8 3 MC.P. . 0 5 3 0 5 6 Mason Struthers 1 3 9 — Nat. Consol. 1 3 9 — Metters N.Z. 0 17 6 —• McKenzies — 0 19 5 Midland Mot., pf. 0 19 0 Milb. Lime, c.d. 19 0 — MK Manf —- 0 10 6 McSkimtning, c.d. 1 7 0 — National Electric 6 10 0 7 10 0 N.Z Express 0 18 0 N.Z. Forest Prods 1 9 4 19 9 Pref. 0 19 10 —— N.Z. Indust. Gas 2 4 3 —• N.Z Papet Mills 2 7 0 — Norvic Shoes 0 18 0 0 19 0 R. and E. Tingey 0 8 2 0 8 9

Miscellaneous (Contd.) Sellers. Buyers. £ s. d. £ s. d Reid Murray 0 9 9 0 9 10 Repco 0 12 10 *— Ross and G., c.d. 1 7 0 1 8 0 Reich holds — 1 11 6 Simpson and W. 2 14 6 — Skellerup, pf. .. 0 17 9 — Tasman 1 4 9 1 5 3 Taubmans 0 9 7 0 9 10 Tip Top Ice, x.d. 0 14 9 — Tspt., Nelson —— 0 7 6 Turn, and J., c.d. 2 8 0 —— Vibrapac Blocks 1 12 0 — Vibrapac lOtago) — 1 0 6 Waltons, c.d. 0 13 9 0 13 10 Toppa 0 4 11 — Whakatane. ord.. c.d. 1 13 9 —— Whit and Tombs 1 14 0 1 15 3 Wm. Cable Hldgs. — 1 5 0 Woolworths, ord.. c.d 0 15 5 0 15 6 (N.Z.), pf., c.d. 1 8 6 — MINING— Commonwealth .. 0 8 0 — Mt. Lyell 1 8 0 1 9 0 UNLISTED STOCKS Chch. Press 13 0 0 — Farrier - Waimak., pref. — 1 0 6 Kaia. Wool., c d. 1 9 0 1 10 6 Matea Forests 0 4 0 — Mt Cook Tours — 0 9 0 M. O’Brien — 2 0 0 Reece E.. ord. .. 0 6 6 —— Regent Theatre .. 1 2 6 —— Scales 0 11 0 — Tudor Hosiery — 0 16 0 S’land Ice rts. 0 5 0 Zealandia Soap .. 0 9 1 0 9 6