SPIRITED BIDDING

Otago Daily Times, Issue 27358, 6 April 1950, Page 9

SPIRITED BIDDING

Commerce

High Turnover Attained DUNEDIN STOCK EXCHANGE There was spirited bidding under the hammer on the Stock Exchange yesterday 'when business eclipsed the combined turnover of the preceding two days. Mount Lyells claimed most attention witn 600 dealt in at 21s 9d (up Is) and Mount Morgans, which were also widely quoted the previous day. narrowed to 16s 10d sisted. Associated Leathers sold higher at willing to concede, the stalemate persisted. Associated Leahers sold higher a 18s, but New Zealand Refrigerating, in relapsing to the same price, sold 6d below the last recorded deal. South British maintained their recent steadiness to change hands again at 97s 6d and interest in Woollen issues was reflected in sales in Timaru Woollen at 27s and Wellington at £9 17s 6d , (both unchanged). ACI shares sold at 47s 6d ex the new issues and Broken Hill Pty. were sought higher at 475. DUNEDIN £ S. d.

Auckland.—Sales: 2J p.c. Stock, Oct., 1953 (£1920), £9B 17s 6d; 3 p.c. Stock, Feb., 1955-58 (£320). £99 15s; 3 p.c. Stock, Nov., 1957-60 (£1435), £IOO 7s 6d; Bk. NSW (5), £4O; Auck. Gas (100), 9s lid; Wright, Steph. (100), £2 12s; AMPOL (100), £1 14s 6d; BHP (100), £2 7s; BHP (100). £2 7s 3d; Col. Sugar (7), £63 10s; DIC (133), £1 12s 6d; D’lop, NZ (300), 16s; Fletchers (966), £1 12s 6d: Hill Plummer (150), £2 ss; M. and C. Deb. (914), £2 3s 6d; MIC Mfrs. (200), 13s 9d: NZ Drug (50), £5 10s; For. Prods. (156), 6s 2d; NZ Refrig. (100). £1 19s 6d; Reid Rubber GOO), 15s 3d; Wm. Cable (200), £1 15s; W’wths., Syd. (520), £1 6s; Clutha (1000), Is 9d. Unlisted Stock; Whaka. Bd. (154), 17s 6d.

Wellington.—Sales reported: Trad. Finance (500), 18s 9d; MK Mfrs., cum div. (133), 13s 9d. Unlisted Stock: Ross and Glend. (100). £2 14s. Sales: 3 p.c. Stock, 1951-54 (£340), £IOO ss; 3 p.c. Stock, Dec., 1953-56 (£660), £IOO 6s 3d; 3 p.c. Stock. 1955-58 (£295), three sales, £99 15s; 3 p.c. Stock, 1957-60 (£4945), two sales, £IOO 7s 6d; 3 p.c. Stock, 1961-63 (£1800), £99 15s; 3 p.c. Stock, 1962-64 (£800), £99 15s; Com. Bk. Aust., pref. (160), three sales. £9 15s; Wright. Steph. (200), £2 12s; Tim. Wool. (125), £1 7s; Wgtn. Wool., ord. (30), £9 17s 6d; Donaghys Rope (200), £3 2s 6d; Aust. Found. Invest. (1000), 6s 2d; Brit. Tobacco (200), £2 6s 8d; Fletchers (350), two sales, £1 12s 6d: Fletchers (150). £1 12s 9d; Wm. Cable (200), £1 15s; W*wths., Syd. (450), two sales. £1 6s Id; W’wths., NZ (400), £1 5s 6d; Mt. Morgan (720), 17s; West Mining Corp. (400), 10s Bd. Christchurch. Sales on ’Change: Fletcher Hold. (200). £1 12s 6d; Coles, cum bonus issue (200), £1 5s 3d; W’wths., Ltd. (200), £1 6s; Mt. Lyell (100), £1 Is Bd. Sales reported: Union Steam, pref. (500), £1 10s; Beath and Co. (100), £2 10s; Rotoiti Timb. (100), 14s 9d. Sydney.—Sales: Comm, of Syd., £26 14s; Natl., 20s pd., £2 Os 3d; NSW, £47 17s; Tooths, £4 8s 3d; Tooheys, £1 16s 3d; Assoc. News, pref., 19s 9d; A. Hord., £1 5s ljd:, Aust. Paper. £1 13s 9d; BHP, £2 15s; BHP, cont., £2 4s 3d; Burns, Philp, £4 10s 6d: C. Neon. £2 9s; Col. Sugar, £73 15s; Drug Houses, £2 3s 3d; D’loo, £2 2s; Felt Text., £2 9s 9d; Coles, £1 8s lid; H. Jones, £3 14s 3d: H. Smith. £1 6s 4Jd; Hume Pipe. £2 8s; W’wths., £1 10s; ACI, £2 14s 6d; Brit. Tobacco, £2 14s 6d; Gen. Indust, £1 16s 6d; Mt. Lyell, £1 4s 3d; Mt. Morgan. 19s 9d; Rawang, 5s sd; Oil Search. ss; Wgtn., 3s 3d

Sales on ’Change— NZ Refrig., cont. (200) .. .. Associated Leathers (100) 0 18 0 0 18 0 ACI (100) 2 7 Mt. Lyell (600) NZ Refrig, paid (100) .. .. 1 1 1 19 6 Sales Reported— 3 d.c. Stock, 1962-64 (£1000) .. 99 15 0 3 n.c. Stock, Dec., 1953-56 .. „ (£500) 100 10 U Woolworth, Ltd. (200) .. .. 1 6 0 Sth. British Insc. (100) .. .. 4 17 6 Timaru Woollen (125) .. .. 1 7 0 Wellington Woollen (30) .. .. 9 17 6 Colonial Sugar (8) 63 10 0 Woolworth, Ltd. (400) .. .. 1 6 0 21 p.C. Stock, 1953 (£1550) 98 12 6