COMMERCIAL Sharemarket Closes On Firm Note

Press, Volume XCVIII, Issue 29004, 19 September 1959, Page 16

COMMERCIAL Sharemarket Closes On Firm Note

Share prices were firm at the close of the week’s trading on the Christchurch Stock Exchange yesterday. Gains were made by Canterbury Frozen Meat, Standard Insurance, Clyde Industries, Cox Bros., Reid Rubber, Waltons and Wilsons Cement. M.C.P. sold at 5s 3d, unchanged, and at 5s 4d. Email and G. J. Coles recorded the day’s only losses. N.Z. SHARE TRANSACTIONS

CHRISTCHURCH

•Late sale Thursday. AUCKLAND Late Sale.—Thursday: £4OO Tasman, debenture, 31/9/64, 5 per cent., £99; £5OO 15/7/62-64, 3 per cent., £94 - 200 Cory, Wright and Salmon, 21s 6d; 10 Fletchers. 375; 100 George Courts, 255; 30 OHamilton Hardware, 22s 6d; 150 Reid Rubber, 39s 9d; 100 Ultimate Ekco, d.c., 20s; £270 Wilsons Cement, 13s 4Jd. Sales yesterday: £4OO 15/11/57-60, 3 per cent.. £99 2s 6d; £2620 15/9/74, 33 per cent., £94; £l4OO 15/6/61, 4J per cent., £101; £2OO Auckland Gas, perp, deb., 4J per cent., £7O; 87 A.N.Z. Bank B. 50s 3d; 350 Dominion Breweries, 42s 6d; 130 South British Insce., 86s 6d; 100 Nth. Auck. Farmers, 265; £lOO Wrt.. Stephenson, 445; 100 Alex. Harvey, 26s 9d; 200 Ampol Petroleum, 20s 8d; 300 Ansett, ex Guinea, 7s 6d; 200 A. E. Goodwin. 8s 6d; 100 Consolidated Brick, 23s 6d; 100 Corv, Wright and Salmon, 21s 6d; 100 Claude Neon. N.Z.. 61s 9d; 10 Colonial Sugar, £56 15s; 500 Email, 9s 8d; 1100 E.Z. Industries, 17s 6d; 900 Gear Meat, 235; 100 Humes, 595: 300 Herald and Weekly Times, 33s 9d: 166 Motor Specialties. 535; 600 J. Wattie, 31s 6d; 150 J. Duthie, 30s; 60 Maple Furnishing, rights, 12s 9d. and 851 at 13s: 200 N.Z. Forest Products, 29s 6d; 600 National Consolidated, 24s 6d, and 300 new at 23s 9d; 1100 Phillipps and Impey. 48s; 100 Reid Rubber, 39s 9d; 100 Sanford, 16s 3d; 400 Tasman, 25s 6d; 200 Tip Top, 15s 3d; 300 Toppa. 4s lid; 600 Waltons. 14s: 500 Wilsons Cement, 13s 4Jd; 100 Woolworths, Sydney, 15s 3d; 400 J. Steele, pref, (unlisted). 16s 6d. WELLINGTON Late Sales.—Thursday: 150 Union Steam, pref., 20s 9d; 15 Colonial Sugar (2), £56 15s, and 10 (2) at £56 10s; 100 Cory, Wright and Salmon, 21s, and 200 at 21s 6d; 100

OVERSEAS EXCHANGES SYDNEY Volume of trading was again heavy on the Sydney Stock Exchange yesterday. All sections were firm. Sales.— Bank of N.S.W., £4l 15s; Tooheys, 345; Tooths, 58s 3d; A.W.A., 28s 6d; A. Hordern, 38s; Bradford Cotton, 41s 9d; British Tobacco, 40s 6d; 8.H.P., 70s 3d; Burns Philp. 101 s; Clyde Industries, 19s; C.S.R., £67 ss; Courtaulds, 20s: D. Jones, 18s 9d; Drug Houses, 495; E.Z. Industries, 20s 7Jd; Email, Ils; G. J. Coles, 16s lOJd; Goldsbrough Mort. 34s 6d; H. Jones, 74s 6d; 1.C.1., 71s; N.Z. Forest, 35s 6d; R. Murray, Ils 9d; Pye, 49s 6d; Waltons, 15s 8d; Woolworths (ex div.), 17s 6d; Yarra Falls, 28s 6d; Mt. Lyell, 345; Consolidated Zinc, 81s; Mt. Isa, 58s; South Broken Hili, 14s 2d; Ampol Petrol, 24s 7jd; Ampol Exploration, 13s; Associated Freney, Is 6Jd; Oil Search, 5s 7d; Peko, 9s 6d; N.A.U.C., 2s sd; United Uranium, 8s 9d; Comm. Mining, 9s 7d; Timor, 6s 2d; M.K.1., 19s 3d; M.K.U.,- 30s 3d.

D.1.C., 21s 6d; 200 Frozen Products, 5s 8d; 500 Transport, Nelson, 7s 6d. Sales yesterday; £3OO 4J per cent., 1966-67, £100; 100 Wright, Stephenson, debs., 31s; 400 Timaru Wool, 26s 6d; £4120 3J per cent., 1974, £B9; £1220 4 per cent., 1965-66 ( 2), £95 10s: 200 Ballins Brew., 37s 9d; 100 Dominion Brew., 65s 6d; 200 Std. Insce., 26s 6d; 400 Ansett, 8s; 10 Col. Sugar, £56 15s; 100 Cory. Wright and Salmon, 21s 6d; 200 D.1.C., 21s 6d; 100 Email, 9s 8d; 500 E.Z. Indust. (2). 17s 6d; 100 Fletcher, 375; 250 Frozen Products, 5s 8d; 200 G. J. Coles. 14s lOd; 300 H. C. Sleigh, cum. div. (2), 18s sd; 100 Humes, 60s; 145 Wattie, 31s 6d; 1000 Golden Bay Cement. 10s; 200 M.C.P., 5s 3d; 100 Metters. N.Z., 18s; 100 N.Z. Paper Mills. 47s 6d: 250 R. and E. Tingey. 8s 6d; 500 Tip Top (2), 15s 3d; 100 Toppa Holds., 4s lid; 100 Waltons Sears, 14s 3d; 100 Wilson Cement, 13s 4Jd; 100 Woolworths, Sydney, 15s 4d; 500 Matea Forests (unlisted), 4s. DUNEDIN Sales.—Yesterday: £665 3 percent., 15/11/57-60 ( 2 sales), £99; 400 Timaru Woollen, 26s 6d; 600 Cox Bros., 6s 6d, and 600 (2 sales) at 6s sd; 400 D.I.C. (2 sales), 21s 6d; 1000 Golden Bay Cement, 10s; 50 K.P. N.Z. Drugs. 90s; 100 Ross and Glendining. 27s 3d; 300 Walton-Sears. 13s lOd; 398 British Tobacco, 34s 3d; 100 Donaghy’s Rope, 495; 500 E.Z Industries 17s 3d, 800 (2 sales) at 17s 6d, and 300 at 17s sd; 200 Mt. Lyell Mining, 28s 3d; 100 Reid Murray, 10s sd; 200 Ballins Brewery. 37s 9d; 300 South Otago Freezing, new, 465; 1000 National Mortgage, "B.” 8s 9d; 2900 M.C.P. (2 sales). 5s 3d, and 400 at 5s 4d; 100 Whitcombe and Tombs, 34s 6d; 10 Canterbury Frozen Meat, £26 ss. INVERCARGILL Sales Reported.—loo Southland Frozen Meat, 65s 3d; 150 United Empire Box, 395; 100 Ampol, 20s sd; 100 Ansett Transport, 8s Id.

QUOTATIONS IN CHRISTCHURCH

LONDON METALS MARKET I NJ! Prtss A conation—Copyright) LONDON, September 17. Latest London metal prices ara>Buyers Sellers a ton a Um £ s a« i a Hn— ■ Spot .. 793 0 0 793 10 0 Lead— .... j - ■ zfe* •• *« • ’• • • ■pot .. aau • an o a|

SALES ON ' CHANGE Var’n £ s d 150 Dom. Br., 2 3 5 6 N.C. 600 Cox Bros., c.d., 4 N.Z. News., C.d. 0 6 6 + ld 200 2 5 0 N.C. 100 Wilson's Cem. 0 13 4 +ld SALES reported £200 32 p.c.. 62 99 2 6 £500 3? p.c.. 74 .. 89 0 0 —. £300 4J p.c., July, 61 100 10 0 10 C.F.M. 26 5 0 +5/200 Standard Ins. 1 6 6 +6d 700 Nat. Mort. A 0 8 6 N.C. 300 Feltex Aust. 1 13 6 N.C. 400 A. E. Goodwin 0 8 10 400 Clyde Ind. .. 0 16 4 + ld 500 Cox Bros., 2 0 6 6 +ld 100 Donaghys 2 9 0 N.C. 200 Email 0 9 8 —Id SOO Coles 0 14 11 —Id aO K.P. Drugs .. 4 10 0 N.C. 700 M.C.P., 3 .. 0 5 4 + ld 2000 M.C.P. 0 5 3 N.C. 166 Motor Specs. 2 13 0 —. 398 For. Prod., 2 1 9 6 N.C. 400 R. Murray .. 0 10 4 N.C. 150 Reid Rub.* 1 19 2 N.C. 500 Tasman 1 5 3 N.C. 1200 Waltons, c.d. 0 14 0 +2d

N.Z. GOVT.— Buyers £ s. d. Sellers £ s. d. 3 p.c., 15/11/57-60 99 0 0 —, 3 p.c., 15/4/60-63 — 96 2 6 3 pc, 15/7/62-64 —. 93 15 0 3J pc.. 15/5/62 .. 99 0 0 99 5 0 33 p.c., 15/9/74 .. 89 0 0 —— 4) p.c., 15/6/61 .. 100 17 6 — 4J p.c., 15/7/61 .. 100 10 0 —— t-'t p.c., 15/8/62-63 100 10 0 434 p.c., 15/7/63-64 100 10 0 — LOCAL BODY, CO DEBS — Grey B010. 4 p.c., 1/10/65 .. — 96 0 0 Chch. Drain., 31 p.c., 30/9/83 — 73 0 0 Sth. Canty CC, 5 p.c., 1/4/69 .. — 100 15 0 Tasman, 64 98 10 0 ’65 98 10 0 —— BANKS— A., N.Z. 2 9 0 —— ”B” 2 10 3 —- Comm, of Aust 0 19 0 Pref. .. 6 15 0 6 0 0 E, S., and A. .. 1 12 9 Nat. of A sia, £1 —• 1 15 6 Nat. of N.Z. 1 12 9 BREWERIES— Ballins, ord. — 1 18 0 Dominion 3 5 0 3 6 0 New Zealand 2 2 3 A estlano — 1 15 0 •TIOZEN MEAT— Canterbury — 26 7 6 Pref. 5 10 0 Gear —— 1 3 0 N.Z. Refrig. — 1 14 6 Nth. Canty., pf. 0 19 6 —■> Southland 3 5 0 South Otago — 2 7 0 Waitaki 2 6 6 New — 2 6 0 GAS— Christchurch 0 18 6 0 19 3 Con. .. .. —— 0 14 6 INSURANCE— F.AM.E. 19 6 National 1 10 9 N<w Zealand 3 14 0 South British — 4 6 9 Standard 16 3 — LOAN & AGENCY —- C.F.C.A., ord. .. 2 11 6 54 p C„ 21/4/61 91 7 6 Credit and Fin. .. 17 0 —— Dalgetj c.d 2 4 0 2 0 London 2 4 0 2 5 0 Ne-vton King 0 17 3 — viutual Bn.ent . 1 0 0 — Nat. Mort. A 0 8 4 0 8 6 B 0 8 7 0 9 0 N.Z.F. Co-op., c.d. 0 17 7 — First prei c.d. 0 18 6 “A” pref. c.d. .. 0 17 6 — “B” pref., c.d. 0 17 7 5% p.c stk. 70 93 <1 0 Perm Invest. 11 0 0 — United Bldg. 0 18 0 — W. Stephen., c.d. 2 3 9 Pref., cd. 0 19 0 Convert. Debs. .. 1 10 9 — P. and O. - .. 1 18 0 2 0 0 • IMBER— Kauri 0 18 6 Taupo Totara •— 2 1 6 WOOL. TEXTILES— Bonds 0 19 0 Bruce 2 1 6 * Feltex — 1 13 6 NZ 2 7 6 2 10 6 Holeproof pref. .. 1 16 3 Lane, Walker Ind. 2 7 0 Prei 0 19 3 Manawatu 2 5 0 —— Mosgiel — 2 8 9 Oamaru 2 6 0 Tekau 1 12 3 1 13 3 Timaru 16 6 MISCELLANEOUS— Airwork 12 0 __ Pref .. 0 18 6 Ansett 0 8 0 Alloy Steel (N.Z.) 114 6 A male Batterv 1 16 6 a— A. E. Goodwin 0 8 9 —— Andersons isi pf. 0 19 0 And. and Beaven, pref. 0 18 0 Apex Ice, c.d. .. 3 2 6 <■_ Aulsebrookg. pref. 0 18 3 a—» A.W.A. 1 4 0 1 4 9 Ballins Hotels 0 15 0 Heath and Co. 1-14 6 — Bt ambles 17 0 Begg and Co. .. 4 11 0 Bing Harris ••A” British Tobacco 12 0 1 U 6 Brother Sewing 0 7 9 Broken Hill Pty. 2 19 3 3 1 0 1 14 0 Burns. Philp 4 5 0 fed. D 16 3 0 16 6 ClyMe hid. 0 16 2 0 16 6 It®*: .® u * ar ‘ JSyd. . n 0 0

Buyers £ s. d Sellers £ s d Miscellaneous (Contd.) Consol. Brick 1 3 0 ___ Coulls, Som., c.d. 2 10 6 2 13 0 Cox Bros., c.d. .. 0 6 5 0 6 7 Cyclone Fence .. 1 10 3 Prel c.d 0 19 6 Donaghy’s Rope 2 8 6 D.I C.. pref. B— 0 19 3 Dunlop, Rub., pf„ x.d. —— 1 8 0 Pref. .. 0 15 7 —— Email — • 10 0 E.Z 0 17 4 0 17 9 larmers' 1'radmg 2 12 6 — Farrier - Waimak.. C.d. ——. 10 0 Fletcher Hdgs. .. 1 17 0 1 18 0 “B” pref. 0 18 6 — 'C pre! 0 18 6 Convert. Debs. 1 9 9 . —— Giant 0 14 6 G. J. Coles 0 14 10 0 15 0 Hallenstein Bros. 1 19 6 - Greater Crystal 1 7 0 M. Hay's, Ltd., c.d. 15 6 1 6 6 H C. Sleigh 0 18 1 MM J. Gadsden 1 17 0 1 19 0 Pief 1 0 3 BM J. Chambers, c.d. - 13 0 J. J Niven 2 3 0 —. J. Mercer Ind., pf. 1 1 0 — J Wattie Canneries 1 11 0 1 11 9 K.P, Drugs — 4 10 6 M CP 0 5 3 0 3 0 Metters 0 17 6 —M Mason Struthers 1 3 9 14s paid 0 16 6 lus paid —• 0 12 6 McSkimming 1.7 0 — McKenzies —. 0 19 3 M.dlano Mot. pf. 0 19 0 —- Milburn Lime, c.d. 1 10 0 BM M K. Mani — 0 10 4 Nat. Consol. — 15 0 Nat. Electric 6 10 0 7 5 0 N.Z. Cement — 10 0 N.Z Express 0 18 0 M. N.Z. Forest Prod. 1 9 6 BM Pref 1 0 0 BM N.Z. Indust. Gas 2 4 0 — N.Z. Newspapers 2 5 0 MB N Z. Paper Mills 2 7 0 BM Otago Dly Times 2 14 0 — B Reich holds 1 11 9 —- R. and E. Tingey —— 0 8 9 Reid Murray —— 0 10 4 Olympic 0 7 9 MB Ross and Glen. 1 6 6 MB Repco 0 12 9 MB Simpson and W 2 14 6 BM Skellerup, pref., x.d. 0 18 0 BB* Tasman 1 5 0 MB Taubmans 0 9 6 BM Tip Top lee 0 15 0 BM Transport, Nelson 0 7 3 0 7 6 Turn, and J., x.d. 2 5 9 MB Vibrapac Blocks 1 12 0 BB Vibrapac (Otago) 0 19 3 110 Walton.s c.d. 0 14 0 MM Will. Jeffrery, pf., xd. 0 18 6 MB Wilson’s Cement 0 13 3 0 13 5 W'ths, ord, x.d. MM 0 15 3 (N.Z.), ord. .. 0 17 8 0 17 10 (N.Z.), pf., x.d. 17 6 BM (N.Z ) Pp.. pf., x.d. 0 18 6 MM MINING— C/wealth. .. 0 7 9 MB Mt Lyell 18 6 19 3 Mt Motgan 0 17 0 —r UNLISTED STOCKS Chch. Press 13 0 0 14 0 0 Farrier ■ Waimak., pref B_ 1 0 6 Kaia. Wool., pref. 12 6 MB Matea Forests .. 0 4 0 0 4 3 Mt. Cook Tours BM 0 9 0 M O’Brien MB 2 0 0 N.Z. Motor Bodies 1 12 0 MB Repent Theatre .. 1 2 6 Scales 0 11 0 MM S'land Ice rts. OSO MB Tudor Hosiery .. MB 0 16 0 Zealandic Soap .. 0 9 0 0 9 6