MODERATE INTEREST

Otago Daily Times, Issue 27079, 13 May 1949, Page 9

MODERATE INTEREST

Commerce

SMALL STOCK EXCHANGE TURNOVER

Only moderate Interest was displayed on the investment share market yesterday, and as a result turnover was at its lowest point in 10 days. Buyers for Wright, Stephenson Company advanced sharply to 44s 6d as a result of an intimation from the company that it would be inadvisable for shareholders to sell their shares at the present time. At 295, Union Steam Ship preference touched their lowest figure in five years and sellers were plentiful. Interest in the Woolv/orth issues lapsed after two weeks of steady and mounting buyer-support. Insurance shares were in demand, however, and 92s (up 6d) was offered for New Zealand Insurance, Standards widened to 81s 9d buyers, 84s seller, and National Insurance were taken to 20s lid (buyer) and 21s 3d (seller). Electrolytic Zinc made a quick Is advance to sales at 59s 6d and buyers were left in at 59s no seller. DUNEDIN £ s. d Sales on ’Change— Electrolytic Zinc, pref. (50) .. 219 6 Sales Reported— NZ Govt. 3 p.c. May, 1953-56 (500) .. 101 0 0 Fletcher Holdings, ord. (250) 111 3 Union Steam Ship, pref. (500) 1 9 0 Auckland. —Sales: 3 p.c. Stock, 1957-60 (£605). £101; Ch'ch. Tram., 1965 41 p.c. (£500), £111; Dom. Brew. (100), £3 7s; NZ Ince. (100), £4 12s 6d; Sth. British (300), £4 7s 6d; DIB A (100), £1 4s; Union Steam, pref. (533), £1 9s; Feltex Bus. rts. (733), 7s; Brit. Tobacco (145), £2 2s; Brit. Tob., rts. (97), 4s 9d;. Col. Sugar, cum. div. (4), £54; .Col. Sugar, ex. div (2), £53 2s 6d; Electro. Zinc pref. (50), £2 19s 9d; Fletchers (250), £1 Us 3d; Fletchers (100). £1 Us 6d; Macduffs (£250), 10s 7d; Phillipps and Impey (50), £3 14s; W’wths, NZ, (500), £1 4s 2d. Unlisted; Korma, pref. (500), £1 0s 6d; Whaka. Bd., ord. (200), 18s 6d.

Wellington Sales;. 3 p.c. Stock, 195760 (£865), £lOl 2s 6d; British Tobacco, rts. (35), 4s; Broken Hill Pty., ex. div. (50) £2 8s 9d; Macduffs Holdings, pref. (280), 10s 7a; 1\ p.c. Stock, 1953 (£210), £9B 15s; 3 p.c. Stock, 1958-60 (£405), £101; 3 p.c. Stock, 1963-65 (£1990), £IOO 7s 6d; Union Bank of Australia (30), £9 12s; NZ Breweries (100), £2 7s 6d; Gear Meat (100), £1 8s 9d; Huddart, Parker (100), £2 14s; WFCA, pref. (500), £1 Is; Felt and Text., Aust. rights, Syd. reg (50). 6s 9d; Felt and Text. Aust., Melb. reg. (25), 6s 9d; Felt and Text., NZ (200), £1 18s 6dr Dunlop NZ. pref. (100), £1 0s 6d; Fletcher Holdings (100), £1 Us 9d; Fletcher Holdings (100), £1 11s 6d; Fletcher Holdings (350), £1 Us 3d; Turnbull and Jones (100), £1 15s; Macduffs, Ltd., pref. (100), £1 7s; Macduffs Holdings, pref. (540), 10s 8d; Phillipps and Impey (50), £3 14s; Woolworths, Ltd. (400), £1 2s 3d; Woolworths, Ltd. (200), £1 2s Id. Unlisted; Matea Forests (500), 2s 9d.

Christchurch. —Sales: 2J p.c. Stock, 1949-51 (510), £99 7s 6d; NZ Refrig. (242). £1 17s 9d; NZ Farm. Co-op. (100), Us 6d; Macduffs, ord. (300), 10s sd; Felt and Text., rights (62), Sydney register 6s 9d. —-Sales reported: Felt and Textiles, NZ (200), £1 18s 6d; British Tobacco, rights (35), 4s; Woolworths, Ltd. (200), £1 2s 2d; Woolworths, Ltd. (400), £1 2s 3d; Gordon and Gotch (50), £3 17s 6d; 3 p.c. Stock, 1957-60 (£600), £lOl 2s 6d; Permanent Investment (25), £l2 12s 6d; Unlisted: Whakatane Board Mills. pref. (100)i £1 is.

Sydney.—Sales: Bank NSW, £39 12s 6d; Australasia, Us 9d; Tooths, £3 18s; Anthony Hordern, £1 4s 9d; Aust. Paper, £1 11s 3d; British Tobacco. £2 6s 6d; Broken Hill Prop., £2 13s; Burns Philp. 4s; Colonial Sugar, £3B 7s 6d; David Jones, £3; Drug Houses, £2 0s 6d: Dunlop, £2 Is 6d; Electro. Zinc, £3 6s; pref., £3 6s; Felt and Text., £2; General Industries, £1 Us 9d: Goldsbrough Mort, £1 14s; Howard Smith, £1 3s; Wilcox Mofflin, 17s 3d; Mercantile Mutual, £2 17s 6d: ACI, £2 14 s 6d; Hadfields, 12s 10d; Woolworths, £1 3s 9d; Carpenter, £2 5s 6d; Broken Hill North, £3 8s; Broken Hill South, £2 2s 9d; Oil Search. 5s 7d; Rawang, 5s sd.