“RIGHTS” ADVANCE
G. J. COLES’ NEW ISSUE
DUNEDIN STOCK EXCHANGE
The " rights ” to G. J. Coles Company new Issue shares advanced sharply on the Dunedin Stock Exchange yesterday, when numerous sales, of which only one was reported, were, made at 22s 6d, in contrast to the sale price of 21s 9d on Friday. The 1948 “ tap loan ” was quoted for the first time when a buyer came on at £9B 10s (or £1 10s discount) “ex interest ” and a similar offer was made for the two earlier loans. The following is a selection of quotations made yesterday:— DUNEDIN
Auckland.—Sales: 21 p.c. Stock, 1949-50 (£200), £99 15S; 21 p.c. Stock, 1953 (£1010), £9B: 3 p.c. Stock, 1957-60 (£200), £99 7s 6d; 3 p.c. Stock, 1963, cum int. (£3000), £99 17s 6d; Com. Bk„ Aust. (117), £1 Is; NZ Insce. (200), £4 13s 3d; Trad. Finance, 10s pd. (700), 9s 6d; C. Neon, NZ (100), £2 8s 6d; Coles, rights (264), £1 2s; Hadfields (200). 12s; Reid Rubber (350), 19s 3d; Wilsons Cement (600), 16s 6d; Mt. Morgan (300), 8s Bd.—Unlisted stock: Roose Shipping, pref. (200), £1 ss. Wellington.—Sales reported: Tattersfield, Ltd. (50), £3 4s; G. J. Coles, rights (68), £1 Is 9d; McKenzies Dept. Stores (100), £3 7s 6d.—Sales: 3 p.c. Stock, 1957-60 (£1070), £99 10s; 3 p.c. Stock, 1962-64 (£3000), £9B 10s; 4 p.c. Stock, 1954-58 (£200), £104; G. J. Coles, rights (10), £1 2 S 6d; G. J. Coles (50), £1 2s 3d; Macduffs, Ltd. (300), Us 2d; Woolworths, Ltd. (100), £1 0s 9d; Mt. Morgan (300), 8s Bd. Christchurch.—Sales: 4 p.c. Stock, 1954-58 (£550), £104; G. J. Coles, rights (163), £1 2s 3d: NZ Forest Products (200), 5s 9d; Woolworths (200), £1 0s 9d.—Sales reported: Begg and Co. (500), £1 13s; G. J. Coles, rights (40). £1 2s/ 3d; MK Mfrs. (300), 11s 3d; Reid NZ Rubber (200), 19s 6d; Woolworths (500), £1 0s 9d. Sydney.—Sales: Comm. Bank Syd., £24 Us. Bank NSW, £39 2s 6d; Tooths, £3 19s 6d; Aust. Paper, £1 14s 3d; ACI, £2 18s; Bradford, £2 10s; British Tobacco, £2 12s 3d; Anthony Hordern, £1 5s 9d; David Jones, £3 10s; Goldsbrough, £1 16s 3d; Woolworths, £1 2s 10id; Broken Hill Pty., £2 19s 3d; South Broken Hill, £2 12s 6d; Mt. Lyell, £1 7s 3d; Mt. Morgan. 10s 3d: Placer, £9 7s; Oil Search, 5s 9d.
£ s. d. Sales on f C(hange— G. J. Coles, rights (24) .. . .. 1 2 6 Sales Reported— 3 p.c. Stock, 1960-63 (£750) , ,."99 15 0 3 p.c. Stock, 1960-63 (£250) . .. 99 15 0 N.Z. Refrig. (400) 1
DUNEDIN QUOTATIONS Buyers. Sellers. £ s d. £ s. d. Insurance— Standard (£1) .. .. 4 4 0 4 6 S Shipping— U.S.S. Co. (prel, £1) 1 10 0 1 11 6 Frozen Meat— N.Z. Refrig, (cont.) .. Loan and Mercantile0 19 1 0 19 3 Wright, Stephenson (ord., £1) 2 1 0 2 4 0 Wool— Felt and Tex., N.Z. .. 2 2 6 2 4 6 Miscellaneous— C. B&gg and Co. (£1) 1 13 0 1 13 9 Dunlop, N.Z. (ord.) .. 1 1 0 1 1 10 Dunlop, N.Z. (pref.) 1 1 6 1 1 9 N.Z. Express Co. (ord.) 0 12 6 0 13 6 Woolworths, N.Z. (ord.) 1 3 0 1 3 6 Woolworths (Sydney. ord.) 1 0 6 1 1 0 Mining— Mount Lyell (£1) .. 1 3 3 1 5 6 Mount Morgan (2s 6d) 0 8 3 0 10 0
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/ODT19490118.2.91.1
Bibliographic details
Otago Daily Times, Issue 26982, 18 January 1949, Page 7
Word Count
569“RIGHTS” ADVANCE Otago Daily Times, Issue 26982, 18 January 1949, Page 7
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