TIMBER SHARES ATTRACT BUYERS INTEREST

Press, Volume CX, Issue 32392, 3 September 1970, Page 14

TIMBER SHARES ATTRACT BUYERS INTEREST

Timber shares attracted most interest in an easier New Zealand market yesterday. A wide range of stocks was traded and, while there were some handsome rises, the leaders were easier.

Carter Consolidated responded to news of its success in obtaining a good share of the Kaingaroa State Forest contract. The shares jumped 15c to 155 c. The other successful tenderer, Tasman Pulp and Paper, rose 5c to 350 c.

report has been made to the Stock Exchange to account for this.

RISES

New Zealand

Dominion Breweries weakened under selling pressure, losing 2c and the rights retreated 3c. N.Z. Forest Products suffered a 3c fall to 405 e. Insurance stocks were easier as the market digested the N.Z. Insurance Company’s report and the problems faced by the industry.

Price Var’n

Wilsons Malt moved up 15c in Dunedin. New Zealand Industrial Gases put on another 10c after a big jump recently. No

FALLS

Overseas Lloyds Bank (C) 740 20 *Ex Dividend

Housing Float O’Neill Industries, Ltd, Australia’s largest locally-owned manufacturer of housing for mining and development projects, has announced it will make a public issue of 1,250,000 shares next month. O’Neill Industries has supplied on-site housing and related facilities for major mining and construction projects throughout Australia as well as in Bougainville, New Caledonia, New Guinea, and Indonesia.

c. c. And Bvn (C) .. 148 2 Ballins (C) 127 5 —new (C) .. 123 4 Beaths (C) 72 1 CPD (W) 122 2 Carter (A) 155 15 Clyde (W) 105 3 C Motors (W) .. 535 10 C Brick rts (A) 46 4 G Fds nts (A) .. 92 1 G Court (A) 115 5 G Bay (W) 107 1 HB (D) 180 5 Kaiapoi (W) 45 1 L Nathan rts (A) 20 2 M Specs (A) 168 1 —new (W) .. 165 3 NZ Brew (W) .. 119 1 Ind Gases (W) .. 560 10 Refrig (A) 125 1 PTY (A) 190 2 Pye (A) 64 4 R Hauraki (A) .. 133 3 Scott Group (W) 118 3 Tapp (A) 185 2 —rts (A) 20 1 Tasman (W) 350 5 UEB Nts (A) .. 126 1 W Horton (A) 278 2 W Malt (D) .. 415 15 Winstone (A) .. 132 1 C Silv (A) 50 3 L and M (W) .. 62 1 Waihi contr (A) 60 2 Overseas BHP (C) 1740 5 CSR Aust (C) .. 830 5 Comalco (A) 580 10 Dunlop Aust (W) 185 5 Hooker (C) 117 1 Bounty FP (A) .. 15 1

New Zealand A B Con (C) .. 47 1 Bell (W) 200 5 Brdld (A) 85 2 Coulls (D) 236 4 D Brew (A) 123 2 —rts (A) 18 3 FTC (A) 97 '1 Feltex (W) 409 1 Fletcher (A) 205 1 Haywrights (C) . 116 2 Healing (A) 105 1 J Niven (W) .. 167 1 Wattie (W) 153 1 M Choyce (A) .. 57 1 Mosgiel (D) 132 3 M Hold (A) 82 1 NZ FP (A) 405 3 NZ Ins (A) *418 2 N Steel rts (W) 18 2 Kheem (A) 163 1 R Holt (A) ■ 98 1 S Biolab (A) .. 159 1 S Brown (A) 124 1 Sth British (A) . 608 4 Trans H (C) 220 5 T J Edmonds (C) 370 10 UEB (A) 136 2 USS Pref (C) .. 130 5 Republic contr (A) .. 27 1