‘TRUTH’ JUMPS IN STRONG MARKET

Press, Volume CIX, Issue 32220, 12 February 1970, Page 16

‘TRUTH’ JUMPS IN STRONG MARKET

There were more than twice as many rises as falls in the New Zealand sharemarket again yesterday, when heavy trading continued on northern exchanges. “Truth” shares jumped 125 c to 300 c, which is still 44c below the value of the Wellington Publishing take-over bid.

Turnover fell sharply ini i Christchurch, especially onr I the mining and oil board, but: elsewhere investors kept up: j the demand for a wide range I of issues. Steady closing prices pre-: dominated, and there was! 1 little movement among even the leading issues. A few ; sharp changes stood out among second-line stocks, 1 however. Paper Mills shares reacted to the Forest take-over offer ' i by opening a further 80c higher at 300 c in Dunedin. The price fell during the day however, and was 240 c, a rise of ■ only 20c, at the close. Sales were:

AUCKLAND 4800 A.B. Con.. 55. 54; 1100 A. Sec. rts. 8; 200 Harvey. 480; 200 Alliance. 97: 100 AmpOl, 130200 And. Bvn. 172. and 1000 rts 20 : 400 Yates. 194: 1000 Alt. Gas, 103: 1100 Autocrat, 145: 500 AC L, 245 : 300 Ajax, 139 140150 8.N.5.W.. 780: 100 Bell', 195 : 100 Bonds. 180: 400 8.0. Supp., 215; 700 Broadlands. 96- 20 B. 1840; 300 C.P.D.. .1401 140: 1400 C.F.M.. 168, 170: 200 Odlin, 175: 1100 Carter. 135; 500 Begg. 59: 2000 Con. Brick 270: 700 C.M.1.. 13S; 100 Con. Blast.. 258: 500 D.1.C.. 228. 230: 1100 Dom. Brew.. 165: 700 D.lt.G.. 142; 600 Dunlop pref 63- 300 F.T.C.. 120, 119; 1300 F and Ti N.Z.. 467. 468; 200 Firth 170; i 1000 Fletcher. 217: 100 Greggs I <unl.). 830: 100 Pollard nts 175; 100 Healing. 197): Son Hooker, I 100; 1000 Burns. 130: 400 Niven I 177; 400 Wattle. 176; 100 K.D.V., I 200: 2200 Kaiapoi, 50; 100 K ; Prosser. 168: 800 Lanes 82; 30n

L. Nathan, 202, 201; 300 LusterOld <240); 500 Maple, 126, 128: U 400 Marac. 200; 100 Choyce. TJO; j < 1100 Moi Hold.. 97: 1000 Mol. ’ Spec,. 167; 500 Mot. Trad.. 172. !> and 2000 pref.. 165: 100 Morr.H Pirn. 335. 335: 900 N.Z. Brew.. 144; 500 N.Z. F. Fert.. 270: 1400 J Forest. 431 430. and 1100 prof., • 88; 1600 N.Z!.. 421. 420: 400.’ N.Z. News., 471; 50 Refining 505: 100 Refrig., 140: 1600 N.Z.I Steel. 187, 188; 100 N.Z.T.S., 177;!; 100 N.A.F., 175; 1700 N. Steam./ 91, 9fl: 1100 P. Impey, 114: 100 Prestige, 115; 100 PT Y., 225; 1200 Pye, «6. 67; 300 Brierley < (uni.). 375; 100 Hellaby. 280. J 300 Rex Con. 350, 1300 Holt. 1 104, 105; 1200 Rothmans. 225; 400 1 Sanford. 138: 500 S’brook, 190, 1 192. 194; 500 Sharlands. 228, 226: 100 Skellerup. 945; 150 Sth Brit., 585, 584; 500 S-Biolab, 176; 500 Tapp.. 227; 700 Tasman 345. 350; 1400 Taupo. 178. and 300 nts, 112, 113: 1000 Tonka. (179). 180, 183. , 182; 200 Truth, 300: 4400 U.E.8.. i <173). 171. and 1000 nts, 162, j 161; 200 Unit Subs. 83; 500 W i Cement, 295; 600 W. Hort., 300, - 302. 305; 100 W. Tombs. 210; 100 j W. Jeff.. 240; 1800 Winstone. 151. ? 155; 100 W. Suth.. 200; 1200 5 W’wthS N.Z., 100; 1100 Wr. S Steph. 135. 3 Mining, 0i1.—500 Beach t. pd. J 480: 2500 Bounty. (21). 21; 3700 ‘ Con. Silver. 79. 80. and 2600 “ rts, 58. 59: 1400 L M Oil, <243, ! 244) 243. 244, 243: 75 Isa. 1770: 1 2000 Offshore. 15; 800 S. Cross J 275 280 . 272 . 270 , 268 , 269 . 5100-i Waihi. (118, 117), 115, 116 117.-, 118, 119. 114 115 ’ J WELLINGTON ! 100 Burt 124: 10M Ajax, 140. 1 1000 Ampol, 131: too A.B Cab 210; 200 A. S hall, 230: 200 A.G Sec. rts 110); 200 A.C.1., 245; 1 300 Autocrat. 145; 200 Bailie, A 110: 2200 Harris. 65: 400 Bonds. < 175: 300 8.0. Supp. 215: 220 1 B. 1840: 200 Boral, 208; 100 Odlin, 175; 1000 Carter, 135; 300 C. 139: 600 C.F. Meat, 170; 100 Neon, 110; 250 Col. Mot., 453, 480; 1200 Con. Brick, 270; > 1100 C.M.L, 138: 900 Coulls. 275: ' 700 Dalgety <660), 647; 600 D.1.C., 1 225; 1200 Dom. Brew. 166 165. 1 166: 1100 D'ghys, 265; 800 D.R.G. 3 N.Z.. 142: 100 Firth, 170: 1600 I F. and T. N.Z.. 468: 700 Gp I Rent., 148, 150; 700 Hays, 129: < 1000 Hooker. 100. 105: 200 < 1.C.1.N.Z., 240; 200 J. Smith, 76; i 200 Niven. 176: 500 Burns. 130; 5 700 Wattle, 176: 200 Kaiapoi, 1 50: 100 K.D.V.. 210; 500 K. I Prosser. 165: 100 L. Nathan, i 201: 200 Lanes, 82: 200 Magnus. ; 145; 1100 Manawatu. 100; 100 i Marlb. Luc., 160: 1500 O Brien. i 40: 250 Nat. Ins., 470; 1000 NMA i <108); 1300 N.Z. Brew., 144, 145. 1 144; 100 N.Z.F. Fert., .270; 1350 I Forest pref., 88: ■ 50 Ind. Gas. I 415: 100 N.Z.L, 420: 1200 Mot. 1 Bod.. 98: 50 Refining. 505: 1100 , Refrlg.. 135, 137; 400 N.Z. Steel, ■ 11871. 187, 188, 187; 500 Nthn , Steam. 91: 100 N.A.F., 175: 600 Prestige, 115; 1100 P.T.Y.. 225. J 227: 900 Pye <66). 66: 100 Prop. J Sec., 135: 100 Brierley (uni.), I 350: 100 Tlngey, 68: 2400 Holt. 105, 104; 100 Rothmans. 225; 200 S’brook, 194: 200 Sharland <2301, 5 226; 50 Skellerup. 945: 750 S. 3 Brit., 583, 584; 100 Swan, 305; 5

1400 Tasman, 345; 300 Taupo, 178. land 300 nts. 113: 100 Edmonds <unl.), 410: 300 Tonka. 180: 300 Truth, 300. 1000 U.S.S. pref., '144: 1100 U.E.8.. 171. 170, 171. 'and MOO nts. 162: 800 Waitaki, '205: 2400 Wgtn Pub., 248; 600 W. Davies, 46; 900 W Hort., 305: ,200 WJ Cement. 29R- 2300 Win stone. 154 155: 1000 W’wths ;N.Z.. 100: 2000 W. Steph.. 135: ,100 W. Suth.. 200; 700 Zip. 45: 'B4OO Feildlng BC. 5 1-8 p.c.. !2 /5 74, $97.76. Mining, 0H.—2700 Beach (475), 480. 475: 2700 Bounty. 20: 3400 Con. Silv., 7ft. 80. and 4700 rts, 5«. sft. 60: 10,800 LM Oil <242). 242, 244. 243, 245. 243. 242, 241: 150 Isa (1820). 1770: 600 Offshore, 15: 200 Sthn Cross, 268; 2000 Waihi, 118, 115. CHRISTCHURCH 1500 A.B. Cdn., 55: 600 Ajax. 140; 250 Harvey. 480: 400 And Bvn. 170. 172. and 2639 rts. 20: 100 A.B. Cab.. 215; 100 Burt. 124 100 Ballins. 128: 100 B N.S W 770; 170 B.H.P. 1850. 1840: 500 Burnett. 62; 1200 C.F.M., 168. 170; 300 C.F.C.A.. 105; 500 C Begg. 59: 500 Con. Brick. 270: 900 Coulls. 275: 200 Crothalls 340: 200 Gen. Fds nts. 108; 800 Coles. 120: 300 G. Rent., 148: 200 H. 8.. 180: 1300 Hay’s. 129: 300 Wattle. 176: 100 K Prosser 165. 900 Kaiapoi, (50. 51): 600 McSkimming, 115: 1600 O Brien, ;40: 100 N.Z. Brew.. 145; 200 N Z L. 420: 1200 Mot. Bod.. 98: 100 N.Z. News. 471; 800 Refrig . 1135, 138: 100 N.Z. Steel, 187: 200 X.Z.T.S.. 177: 100 Tingey. 58 400 Skellerup, 945: 100 Slater W.. 530: 50 S Brit.. 583: 200 Tonka. 180; 1300 W’wths N.Z 100. 500 Begg, 59. Mining OIL—IOO Beach, 480: ' 100 Bounty. 22; 200 Con. Silv .i 79: 2500 L.M. Oil. 243. 244: 100 Offshore, 16: 1400 Waihi, 115, 'ILB. DUNEDLN 4800 T.B Con. (55), 55: 1500 And Bvn and rts. (21), 21, 113 ispec.i, 20: 1000 Ampol, 131: 100 Ballins. 128: 300 Harris, 64. 100 Coulls, 285: 200 Croth-all 340: 300 Dom. Brew., (166): 300 D’ghy, 265: 200 D.R.G.. 140: 100 Ev. Star. 170: 1100 F. and T.N.Z., <468), 468; 500 Gear (170): 400 G.P. Rent., 150: 200 G. Bowron, 220; 100 Greggs (uni.), 830; 500 H. 8.. 180: 500 Hooker. (100): 100 1.C.1.N.Z.. 240: 100 Wattle. (176); 100 L. Nathan. 202: lino Kaiapoi. 150); 400 Marac. 200; 1000 McSkimm., (113), 115; 600 Nat. Ins.. (470). 470: 8600 N.Z. Brew., (144). 145, 144: 200 N.Z. Cem. 175; 50 Forest. 435: 1300 N. Paper. (220), 300, 260, 250, 240; 200 Refrlg., 136: 200 N.Z. Steel 187: 400 N.M.A., (110); 400 O. 190; 400 Sanford, 138 : 600 Sharld-s, 226: 100 S.C. Hotels. 72: 200 Taupo nts, 112: 300 Edmonds (uni.), 410: 3100 U.E.B . <172), 173 172: 1100 W. Dav., 46: 900 W. Tombs, (210), 210; 100 W. Malt. 435; 100 W. Steph.. (135), 135: 1000 W’wths N.Z., (100). Mining OIL—2IOO Bounty (21), 21; 800 C. Silv., rts, (58), 58: 3300 L.M. Oil, (245, 243), 245, 243: 500 Waihi 4.15, 118.

RISES New Zealand Price Var'n c c Ajax (W; 140 4 And. Bvn (C) .. 172 7 Cables (C) 215 5 Burt (C) 124 1 Autocrat (A) 145 1 R.O. Supp. (W) .. 215 1 CPD (W) 139 1 Carter (A) 135 I CFCA (C) 105 9 CFM (C) 170 5 CMI (A) 138 1 CSW (D) 285 5 DIC (W) 228 3 D Brew (A) .. 165 1 DRG (W) 142 2 Firth (A) 170 1 GP Rent (W) .. 150 5 Kaiapoi (C) 51 1 Lanes (W) 82 2 McSkimming (D) 115 4 Magnus (W) 145 3 Marlb Luc (W) 160 15 Maple (A) 128 2 Morr PLM (A) .. 335 5 NZ Paper (D) .. 240 20 NZ Steel (A) .. 188 9 Impey (A) 114 1 Prestige (W) 115 4 PTY (A) 225 5 Pye (A) .. 67 1 Tingey (W) 68 11 Hellaby (A) 280 10 Holt (A) . 105 1 Rothmans (A) .. 225 2 S'brook (A) 194 6 S Biolab (A) .. 176 1 S Brit (A) 584 1 Tapp (A) 227 2 Tasman (A) 350 5 Taupo (A) 178 1 nts (A) 113 1 Truth (W) 300 125 Waitaki (W) 205 1 W Horton (A) .. 305 5 C Silv (A) 80 2 C'Silv rts (A) .. 59 1 L M Oil (C) .. 244 1 Overseas Beach P. (C) .. 480 10 Bounty (C> 22 1 ACT (A) 245 5 DNZL (W) 660 12

FALLS New Zealand Price Var't) e c Alliance Um 97 1 And Bvn rts (C) 20 3 Begg (C) 59 1 Fletcher (A) 217 1 Hay’s WS (C) .. 129 1 1 J Smith (W) .. 76 1 Niven (W) 176 9 M. Spec (A) 167 1 NA Farm (A) .. 175 10 Forest (A) 430 5 ; NZI (A) .. 420 News (A) 471 1 I Refrig (C> 138 1 Sanford (A) 138 1 W Davies (W) . . 46 9 Winstone (A) .. 155 1 W Cement (A) .. 295 3 Unit Sub (A) .. 83 1 SC Min (A) 269 16 Brierley (W) 350 35 Overseas Ampol (W> 131 1 BNSW (NZ) (C> 770 10 Boral (W) 208 7 Coles (C) 120 3 NMA (W) 108 1