FINANCE COMPANIES IMPROVE ON DULL SHAREMARKET

Press, Volume CXI, Issue 32663, 20 July 1971, Page 17

FINANCE COMPANIES IMPROVE ON DULL SHAREMARKET

The finance group of companies was strong in a generally dull market on New Zealand stock exchanges yesterday. The industrial leaders drifted lower, however, while trading companies and retailers were mixed.

Renewed interest was, shown in the finance companies and most prices moved' higher, aided perhaps by some switching. Associated Group Securities. at 150 c. Broadlands at 108 c and U.D.C. at 202 c were' 2c firmer, while C.S.I. firmed) 1c to 145 c. B.N.Z. Finance shares. and[ [rights moved up strongly: again with both showing' gains of sc. Carter Consolidated im-j (proved 2c to 149 c, and Fiet-' cher was 1c firmer at 191 c, ex a 6c dividend. Smith and Brown responded to the one-for-five bonus announcement with a 7c rise to 156 c. Schofield jumped 20c to 680 c. The shares are ex a 22Jc dividend today. I Among the falls, Alex Har-| Ivey was 5c lower at 385 c, land C.P.D. lost 2c to 113c.| ’Feltex. Golden Bay, Forest,[ I N.Z. Steel, and South British i were 1c lower.

Comalco buys fabricator

I (N.Z.PA.-Reuter —Copyright) SYDNEY. July 16. The Lend Lease Corporation, Ltd. had sold its alumin-', iium fabricating business to[. 'Comalco, Ltd. The business was conducted ] ’under the name of J. Con-!; nolly, Ltd, in New South * Wales, Victoria, and Queens-,; land. Lend Lease said that the ' igoodwill, plant, stock, and’: [work in progress had been) [sold at more than book value.jj ’ Lend Lease would retain! i [the sheet metal, steel truss, and partition businesses, and:, properties at Lidcombe, New i [South Wales, Clayton, Vic-1 [toria, and Eagle .Farm, I; Queensland. [ The first two would be|: [leased to Comalco, and Eagle I I iFarm would be auctioned!, soon. !:

RISES New Zealand

FALLS New Zealand

Price Var’n Alcan (Al . . 203 1 And Bvn (W| . . 116 1 A G Sec (A) . . 150 2 Baillie (W) 86 1 BNZ Fin (A) . . 250 5 —rts (A) . . 95 5 Brdld (A) .. 108 2 Carter (A) . . 149 2 C S Inv (W) . . 145 1 Fletcher (W) .. -191 1 Nathan (A) . . 189 2 M Choyce (Aj 59 1 M Specs (A) 149 2 Salmond (W) . . 155 5 S Brown (A) . . 156 7 Schofield (A) .. 680 20 i Swift (D) . . 118 1 (Tapp nts (A) . . 130 Tonka (A) 80 •) ;UDC (A) . . 202 2 |W. Neill (D) . . 155 1 Overseas BHP (W) . 1440 40 Offshore (W) 4 1 *Ex Dividend

Price Var’n c. c. Harvev (A) 385 5 Burt (W) 118 2 Burnett (C) 62 1 CPD (W) 113 2 CFM nts (W) .. 105 5 iC Brick (A) 313 2 —nts (W> 188 4 Dalgety (W) 120 1 FTC (D) 105 1 Feltex (A) 371 1 G Bay (W) 92 1 Haywrights (C) 109 1 Kaiapoi (C) 34 1 M Fin (A) 113 2 'Mosgiel (D) 120 3 ;NZ FF (A) 91 1 NZ FP (A) 375 1 iNZ Steel (A) .. 100 1 R Hauraki (A) 95 4 Rickstan (A) 25 1 Sth British (A) 555 1 W Horton (A) . . 298 ') W Steph (W) . 119 1 JBL Min (A) 28 7 Republic (A) 35 1 Overseas Ampol (C) 58 6 !cSR Aust (W) ., 585 15