SOME INVESTORS NERVY

Press, Volume CX, Issue 32194, 13 January 1970, Page 12

SOME INVESTORS NERVY

Prices on the New Zealand sharemarket continued to rise yesterday, but for the first time this year there was a significant number of falls as investors took profits—and a longer look at the heights to which some prices had soared in last week’s enthusiastic market.

It was another sad day for last week’s eager mineral buyers. Consolidated Silver lost 30c more to close in Auckland at 420 c, 90c below its Thursday peak, but still 155 c above its price at Christmas. Waihi contributings followed it down, losing 8c to 62c, but Southern Cross Minerals recovered slightly to 135 c. L and M Oil (N.Z.) also suffered a sharp set-back, falling 14c to 226 c in Christchurch. Bounty Oil eased, but Offshore made 2c to 22c.

N.Z. Forest Products began to fall from its new peak when the ordinary shares lost 15c on Friday. It took a 10c fall yesterday, and the contributing shares sold 25c down at 300 c. Tasman climbed, however, rising 20c to 350 c. Fletcher, another of last week's solid leaders, eased 5c to 220 c, but Alex Harvey continued to make large strides with a spectacular 28c Increase to a new peak of 488 c.

The Wattie issues were among other leaders, and an even balance was held mainly by firm insurances. Overall, rises outnumbered falls three to two, and a few sharp movements stood out in a generally steady market. Turnovers were again heavy. Strong second-line stocks were Motor Holdings, up 12c to 99c, Steel and Tube, up 15c to 235 c, Winstone, up 10c to 145 c, Tolley and Reid Rubber, each up Bc, and McSkimming and N.Z.T.S. each up 6c. Brierley made a spec-

tacular 65c to hit 391 c in Wellington. Sales in New Zealand yesterday were:

AUCKLAND SOO A.B. Coniol., 57: 750 H«rv«v, 480. 485, 470, 476. 480, 484. 488; 200 Yates, 178; 1300 Burt, 122: 200 Bisley 100, 99; 1000 Bing H., 61; 300 Bonds, 186; 1100 Broadlands, 98; 200 B.H.P. (1900), 1850; 4100 Bounty (25) 24; 90d C.P.D., 148; 300 Carter. 139. 140; 50 C.S.R. N.Z., 1000; 1200 C.S.R. Aus.. 1000. 980;

300 Neon, 109, 108; 900 Con. Brick, 270, 209; 2700 Con. Metal, 130; 2400 Con. Silver, 485, 480, 460, 426. 420; 200 Dom. Brew.. 170; 1900 D.R.G.. 137. 136: 200 Dunlop N.Z.. 360; 900 F.T.C. (122), 120. 117, 116; 1200 Fletcher (226), 225. 220: 400 Gen. Foods notes, 102: 100 Ind. Chem., 162; 100 I. W. Dow, 155; 400 Wattie, 178, 177: 2100 Kalapoi, 50; 100 Kidd Garrett, 142; 1600 Nathan. 210; 3500 L. and M. OU, 240, 239, 238, 235, 241, 235, 232 ; 300 Mason Bros, 90; 600 McKenzies, 83, 82: 1700 M. Choyce, 58; 100 Mozgiel. 150; 300 Motor Holds. 99; 150 Nat. Ins., 470; 700 N.Z. Brew., 155, 153; SOO Farm Fcrt. <2Bs>: 1150 Forest (440), 440, 438. 435, 440. 1-435. and 200 contr.. 300; 950 N.Z. Ins., 435; 50 Reffnlng, 510; 1400 N.Z. Steel <1771, ISO. 178; 300 N.Z.T.S., 173: 100 N.A.F., 172: 600 Nth. Steam. 76; 4SOO Offshore, 22; 100 P. Impey, 112; 2400 P.T.Y.. 210. 212; 200 Pve, 65: 1000 Brlcrlev, 370 . 385 . 380; 700 Rex Av.. 50: 300 Hellaby, 278: 300 Rex Consol, 350; 200 Rethmans, 222; 100 Seabrook, ISO; 100 Skellerup, 945: 500 S. Brit., 587, 590; 3600 Sth. Cross Mln. (128), 120, 130. 150. 140, 138, 135: 200 Spedding, 205; 1000 Taupo, 166, and 200 notes. 105; 200 Tonka <117); 4600 U.E.B. Inds, 164, 164, 162, and 300 notes. 148; 8400 Waihi (72). 65. 70. 65. 60, 62: 300 Waitakl, 215: 500 W. Cement, 288; 600 Winstone. 143, 145: 300 Carpenter, 295; 500 W. Steph., 137.

WELLINGTON 2000 A.B. Consol. (57; 58); 56, 57. 58, 57. 56; 500 Ajax. 135; 500 Alliance. 101; 200 A.C.I. (245); 400 Autocrat. 145: 1000 Ballins. 128: 200 B.N.Z. Fin.. 250; 400 Bing H„ 61; 100 Bonds. 186; 6600 Bounty, 24, 23; 355 8.H.P., 1840, 1850; 1200 C.P.D., 148; 100 Carter. 140 : 400 Begg, 50; 4050 C. N.Z.. 1000 ; 500 C.S.R. Aust., 980; 400 Con. Brick, 268. 269; 1000 Con. Silver, 435, 420. 410: 300 Dom. Brew., 170; 1600 D. 136. 135. 136 ; 200 Dunlop. 360; 100 F.T.C.. 118: 800 Fletcher, 220; 100 Geo. Court, 108; 300 Berry, 162; 100 I. W. Dow, 155; 200 Rattray. 155; 2400 Wattie, 179, 177. and 700 contr.. 118; 1000 Kalapoi. 50; 200 Nathan. 210; 1500 L. and M. Oil. 238, 240, 236, 232, 226; 1000 McKenzies. 82; 2000 Magnus, 132: 1100 Mason Bros, 90; 900 M.. Choyce, 58; 100 Motor Hold.; 98: 200 Motor Spec.. 177; 200 Mt Isa, 1830; 50 Nat. Ins., 470; 200 N. King. 107; 150 Nickelspoon. 700; 900 N.Z. Brew., 154, 153; 100 Forest, 440; 200 N.Z. Ins., 435: 500 N.Z. News.. 488; 50 Refining. 510; 1200 Retrig., 138; 500 N.Z. Steel, 178; 200 N.Z.T.S., 167; 11,400 Offshore. 22. 23; 600 Brierley, 360, 385, 390; 100 Reid Rubber, 363; 200 R. Holt, 100; 200 Rothmans, 222 : 7100 Sth. Cross Mln., 150, 155, 140, 120, 125, 130; 450 Sth Brit., 587. 588, 590; 100 Steel Tube, 235; 200 Tasman. 350: 400 Taupo, 165; 4800 U.E.8.. 160. 161, 162, 163, 164. 163: 200 Utd Print.. 50; 3500 Waihi, 70, 68, 75. 76. 65. 60; 200 Waltaki, 225: 500 Wilson Cement. 288; 1100 W’wths N.Z.. 105; 3600 Wr., Steph., 136, 137, 136. CHRISTCHURCH 4500 A.B. Consol. (58), 57; 700 Alliance, 102; 3500 Burt, ; 122; 900 Ampol (140); 300 A. M. Bisley, 98, 99; 300 Ballins. 132; 500 Deaths (59): 200 Bell, 205: 100 Bing H.» 60: 100 Boral (220); 1200 8.0.5., 205; 1000 Broadlands, 98: 585 8.H.P., 1850; 300 Burnett, 62; 2900 Bounty, 25, 24: 400 Begg. 50: 200 Neon, 108; 4000 C.S.R. (Aust.), 1010; 950 Con. Silver. 440, 420. 425: 100 C.W.S.. 295: 900 D.R.G., 135, 136; 500 Fletcher, 220; 1100 Hay’s W/S, 139: 50 Hamersley. 1780; 1200 Wattie (180), 179, 178: 2100 Kaiapoi, 50: 700 L. and M. Oil, 240. 235, 226; 300 Matakaua, 280; 300 M., Struthers, 50; 900 McKenzies, 80, 82; 1900 McSkimming. 125, 116; 100 Mt Cook, 215: 1800 Nat. Ins., 465; 900 N.Z. Brew.. 154; 1000 Farm. Co-op.. 73; 1100 Farm. Fert., 285; 400 Forest P., 435, 440, 435, and 2000 pref., 90; 250 N.Z. Ins., 433; 1700 Refrig.. 138; 700 N.Z. Steel, 178; 33.800 Off Shore, 22; 600 Brierley, 360, 370: 200 Holt, 100; 200 Salmond (225); 50 Skellerup, 950; 300 Seabrook, 180; 100 Sth Brit., 587: 250 Sth Brit., 586: 500 Sth Cross Min., 150; 500 Tolley, 70, 68; 200

U.E.8., 163; 100 Utd Pty (uni.) (30); 7000 Waihi <75), 70. 65; 400 Waitaki (212), 215; 500 Wr., Steph., 136.

DUNEDIN 500 Harvey, 488: 100 Burt. 122; 500 Beath (59); 200 B. Harrlu. 62, 61; 50 B.H.P. 11000), 1300 Bounty, 24; 200 C. Begg. 51; 300 C. Brick nte (262); 100 C. Silver (450); 100 Dom. Brew. (170); 200 P. and T. N.Z., 490; 500 Fletcher, 220, 225 : 600 H. 8.. 180: 1000 Haya (139): 100 1.C.1.N.Z. (239); 200 Rattray. 155; 300 Wattie (179, 180): 1200 L. and M. Oil (243), 238 ; 500 Mt Cook. 215: 1400 McSkimming. 115. 116; 200 Mosgiel (150): 400 Nat. Ins., 465: 300 N.Z. Cement (17>; 700 N.Z. Brew., 155; 50 Forest. 435: 2000 Off Shore (22. 23); 500 Rothmans (222): 50 Skellerup, 950 : 200 Sth. Cross Mln. (140>: 300 Taupo (168); 200 U.E.8., 161: 1200 Waihi (70), 60; 100 Waitaki (212): 85 W. Jeff, rts, 78: 200 W. Cement (290); j 200 Wwths (105); 200 W.S. (136); I