COMMERCIAL Watties, N.Z. Packing Share Prices Fall
J. Wattie Canneries and N.Z. Packing Corporation shares fell sharply yesterday in business recorded by the Christchurch Stock Exchange. The price movements follow the announcement that the proposed merger of these firms, and others in the frozen foods industry, had fallen through. New Zealand Breweries shares rose further to sell at 765. Allowing for the dividend payment, these shares are now Is lid above last week’s cum dividend price. Gear Meat, in first Christchurch business since the announcement of the proposed capital reconstruction, rose to 355, the price recorded in Wellington on Tuesday. Other price movements were minor. Gains were made by Ampol, Fletcher Holdings, Coles, National Consolidated and Woolworths (N.Z.) rights. Lower prices were paid for New Zealand Insurance, Cox Bros., William Cable Holdings and Wilsons Cement. Turnover was again above average.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19600707.2.177
Bibliographic details
Press, Volume XCIX, Issue 29250, 7 July 1960, Page 17
Word Count
140COMMERCIAL Watties, N.Z. Packing Share Prices Fall Press, Volume XCIX, Issue 29250, 7 July 1960, Page 17
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.