SHARE MARKET

Evening Star, Issue 26000, 15 January 1947, Page 8

SHARE MARKET

AUSTRALIAN BANKS UP NEW SOUTH WALES SOUGHT AT £4O The first sale of the new year in Dunedin was recorded this morning, a parcel of 1953 Stock changing hands at £9B 2s 6d. Australian banks were marked off by buyers, but other sections showed little change. Selected quotations are as follows: 1 Buyers. Sellers.

SALES ON 'CHANGE: THIS DAY. . Dunedin'.—Sales reported: 2£ per cent. Stock (1/10/1953), £9B 2s 6d (£510). Auckland.—Morning call: National Bank of New Zealand, 70s; Farmers’Auctioneering Company (£5), £6-10s; Kauri Timber, 32s 6d; Consolidated Brick, 15s; Dental and Medical, 335; Farmers’ Trading, 34s 6d; Stock, 3 per cent., May, 1953-56, £IOO 2s 6d. Unlisted: Korma Textiles: (p.ref,), 18s 6d. Noon call: National Bank of N.Z., 70s; Bank of New South Wale#, £4O 10s; Auckland Gas, 6s lid; Caros (pref.) 27s 6d; Dunlop N.Z. (ord.), 7s id; (pref.), ,7s Id ; N.Z. Forest Products, ss. Wellington.—Reported: .3 per cent. Stock, 1952-55, £101; South British Insurance, 88s; Gear Meat (cum div.), 31s; Felt and Textiles of New Zealand, 68s; Dunlop (Now, Zealand, pref.), 7s Id. per cent! Stock, 1954-58, £lO6 ss; New Zealand Farmers’ Co-op. (10s paid), 9s 2d (2); Dunlop (New Zealand, ordl), 7s 2d ;> Fletcher Holdings, 38s 6d; Woolworths (Sydney), 29s 3d and 295. Re-, ported: 3 per cent. Stock, 1960-63, £IOO 15s; Commercial Bank of Australia (late yesterday), 23s 8d ; Dunlop . (New Zealand, ord.,. late yesterday), 7s Id. yuofficial: Whakatane Paper, 6s lid. EXCHANGE RATES. Telegraphic transfer rates, New Zealand on the following centres, are quoted by the Bank of Australasia as follows: Buying. Selling.

COMPANY NEWS. Amalgamated Wireless (Australasia) Ltd. proposes to.reduce its capital, and make a return to shareholders, and a special meeting of shareholders will be held on February 3 to consider a resolution to effect this purpose. The resolution is ■ designed to ensure that £1,400,000 compensation paid by the ‘Commonwealth to the company for its telecommunication, assets , and business, reaches shareholders, other than Government shareholders, in accordance with the arrangement made between the company and the Commonwealth. It is proposed to reduce the capital from £2,250,000 in £1 shares, of which 2,106,346 have been issued, to £479,898 2s in- 1,129,172 shares of 8s 6d each NEW OFFICIAL LISTING. The shares of Turnbull and Jones Ltd., electrical engineers, Wellington, have -been officially listed by the New. Zealand Stock Exchange. A public issue of 40,000 5 per cent, non-cumulative preference shares of £1 each at par and 60,000 £1 ordinary shares at 22s 6d was made by the company in 1945. These shares are at present paid to 10s. . MORE ISSUES FREED. SYDNEY, January 14. A variable market in which rises and falls were fairly evenly balanced, saw. a wide range of shares dealt with in the Stock Exchange to-day. More shares were added to the list of those already freed, and the committee is expected to. consider very shortly the complete removal of internal price controls. Sales: Bank of New South Wales, £4O 15s; Commercial Bank of Sydney, £26 19s; Queensland National Bank, £6 15s; Adelaide Steam, 355; Burns Philp, 735; Austral Gas (A), £7 13s; Tooths, 73s 6d; Tooheys, 395; Dunlop, 32s 6d; Farmers’, 48s 9d; David Jones, 54s 6d; Anthony Hordern, 28s 9d; Amalgamated Textiles, 16s 3d; A.C.1., 565; British Tobacco, 565; Hume Pipe (pref.), 325; Felt and Textiles, 595; Goldsbrougli, 34s 3d; Wilcox Mofflin, 16s; Colonial Sugar. £52 15s: Fairymead Sugar, 35s 6d; New Broken Hill, 39s 6d; Rawang Concessions, 295.

£ s. . d. £ 8. d. Banking— Australasia 13 2 6 — N.S.W 40 0 0 — Commercial 1 3 3 E.S. and A 7 15 0 — National N.Z. ... 3 9 6 3 11 3 Union 12 10 0 — Insurance— National 1 7 6 — New Zealand 4 17 6 — South British 4 7 0 — Standard 4 8 0 — Meat— Gear 1 11 0 — N.Z. Refrig, (pd.) 1 13 0 — N.Z. Refrig. ' Southland Froz. (cont.) 0 17 4 — (ord.) 2 19 0 — Waitaki ... 8 2 0 8 10 0 Agency— Dalgety 10 0 0 ' Golds., Mort 1 13 6 — Nat. Mort;, “ A ” 4 14 0 . — Nat. Mort., “ B ” 2 7 6 — L. and M. (ord.)_ 5 8 0 — Guar. Corp. 0 4 11 0 5 3 Perpet. Trus. 2 6 6 i Trustees Exec. ... 5 15 0 — Breweries— New Zealand 2 18 0 2 19 6 Dunedin 1 14 0 — Tooth’s ... 3 10 0 — Westland 2 0 0 2 2 6 Coal— Kaitangata ... ... 1 3 6 1 8 0 Westport ... ... 1 12 3 1 13 3 Woollen— Bruce (ord.) 2,4 0 2 8 0 Kaiapoi (ord.) ... 1 6 0 — Mosgiel ...* 15 5 0 — Miscellaneous— A.F. Co. 0 6 0 British Tobacco ... 2 16 0 2 19 0 B.H.P. .. .... 2 7. 0 2 9 0 Colonial Sugar ... 52 10 0 — Consol. Brick 0 14 9, 0 15 9 Dom. Fertiliser ... 1 7 0 1 9 0 Donaghy’s ... ... 3 6 0 3 10 0 Dunlop jfT.Z. (ord.) 0 7 0 0 7 6 Dunlop N.Z. ' (pref.) 0 6 10 0 7 3 Felt, Text. (Aust.) 3 2 0 — Fletcher’s (ord.) 1 18 0 1 19 0 Fletcher’s (pref.) 1 15 0 — li. J. (Joles ... 4 10 0 — Hogg and Co. 0 9 0 — Macduffs (ord.) ... 1 9 6 — McKenzie’s ... ... 3 5 3 — McLeod Bros. 30 0 0 N.Z. Drug 5 8 6 5 12 0 N.Z. Express (ord. 0 11 6 013 6 N.Z. Paper Mills ‘ O.D.T.’ ... ... 2 2 3 2 3 0 2 14 3 — Regent Theatre ... Wilson’s Cement 1 3 0 ; 0 18 6 " Woolworths N.Z. 1 7 4 1 7 9 Woolworths Syd. 1 8 9 1 9 6 T. and Jones , (ord.) 0 19 6 — Mining— B.H. South ... 1 14 0 1 18 0 . Mount Lyell 1 2 6 13 6 Mount Morgan ... 0 8 0 0 8 9 New B. Hill ... 1 19 0 North B.H. 3 8 0 3 15 0

,£ £ Lond., stg. £100-£N.Z. 124 7 6 125 0 0 Fiji, N.Z., £100-£F 90 0 0 88 12 6 Aust., N.Z.£100-£A 100 10 0 100 0 0 S. Af., S.A. £100-£N.Z. 123 7 6 125 3 9 New York, doJ.-£N.Z. 3.2522 3.207 Montreal, do!.-£N.Z. 3.2522 3.207 Belgium, Fr.-£N.Z. 143.61 140100 Denmark, Kr.-£N.Z. 15.77 15.26 France, Fr.-£N.Z. 390.37 381.36 Holland, G1:-£N.Z. 8.66 8.48 Manila, Pesos-£N.Z. 6.57 6.44 Norway, Kr.-£N.Z. 16.30 15.78 Sweden, Kr.-£N.Z. 11.74 11.50 Switzerland, Fr.-£N.Z 14.01 13.74 London O/D rates— Sea ... 123 15 3 125 0 0 Air ... ... ... ... 124 0 6 —