WOOLWORTH ISSUES

Otago Daily Times, Issue 27500, 21 September 1950, Page 9

WOOLWORTH ISSUES

Commerce

Stock Exchange Activity DEVELOPMENT LOAN PARCEL SOLD The Woohvorth issues appeared to make a peak on the morning call of the Stock Exchange yesterday, when buyers offered up to 28s for the shares of the Sydney company and 28s 6d for the New Zealand chain. Seilers were attracted in the afternoon when buyers’ offers were 6d lower in each case. Mount Morgan made a peak also at 23s 6d in the morning, when 100 shares were sold, but a deal was reported at 23s 3d in the later session, with buyers still seeking at that figure, A good line of £2OOO of the recent National Devlopanent Loan (1950) was sold on 'Change at £99 12s 6d, whereas its issue price was £99 10s, although interest accrued must be taken into account in making a comparison. Turnover was the highest of the week, and a great deal more variety was represented in the sales list. After reported business at 225, Mount Lyells were sold at 21s 9d and closed with buyers and sellers astride that price at 21s 6d and 225. Colonial Sugars sold progressively higher on the day with a morning deal at £aß 5s and an afternoon sale at £SB 7s 6d. DUNEDIN £ s. d. Sales on ’Change—

Auckland.—Sales: 3 p.c. Stock, 1952-55 (£1345), £99 10s; 3 p.c. Stock, Apl., 1956- (£900), £IOO ss; 3 p.c. Stock, Nov., 1957- (£200), £100; 3 p.c. Stock, Aug., 1959-61 (£300), £99 10s; 3 p.c. Stock, Apl., 1960-63 (£500), £100; 4 p.c. Stock, June, 1952 (£755), £lO2 2s 6d; Ak. Gas, 4 i p.c. perp. deb. (£533), £IOO 10s; Bk. A’sia (80), £ll 4s; Bk. NSW (14), £43 ss; Union Bk. (155), £ll 3s; NZ Insce. (50), £5 10s; Sth. Brit. (100), £5 Is; Trad. Finance, 10s pd., (500), 12s; ColSugar (10), £SB ss; Col. Sugar, rts. (5), £3l 15s; Consol. Brick (500), 10s; Coles (1000), £1 6s 3d; KDV Boxes (200), 12s; M. and C. Deb. (150), £2 19s 9d; For. Prods., pref. (300), 13s 7d; N. Roller Mill. (1700), £1 12s 3d; T. and J. (200), £1 16s; W’wths., NZ (300), £1 8s 6d; W’wths., Syd. (130). £1 7s 3d; W’wths., Svd. (325), £1 7s 6d; W’wths., Syd. (287), £1 7s 9d; W’wths., Syd. (100), £1 9s 6d; Mt. Lvell (200), £1 Is 6d.—Unlisted Stock: Alex. Harvey (100), £2 16s 6d; Chambers, rts. (293), 3s 9d; Matea For. (100), 2s.

Wellington.—Sales reported: 3 p.c. Stock. May, 1953-56 (£1150), £IOO 10s; 3 p.c. Stock, Dec., 1953-56 (£250), £IOO ss; 3 p.c. Stock, 1957-60 (£200), £100; NZ Brew. (100), £2 11s; BHP (150). £2 13s 9d. Sales: 3 p.c. Stock, 1951-54 (£2500), £99 17s 6d; 3 p.c. Stock, 1952-55 (£500), £99 12s 6d; 3 p.c. Stock, Dec., 1953-56 (£775, 2 sales), £IOO ss; 3 p.c. Stock. 1957-60 (£265), £100; 3 p.c. Stock, 1959-61 (£7OO, 3 sales), £99 12s 6d; 3 p.c. Stock, 1961- (£500), £99 10s; 3 p.c. Stock. 1962- (£SOOO, 3 sales), £99 7s 6d; 4 p.c. Stock, 1952-55 (£925, 3 sales), £lO2 ss; Rotoiti (200). 14s 9d; Brit. Tobacco (200), £2 5s 3d: T. and J. (300), £1 16s; W. Cable, pref. (200), £1 15s 3d; W’wths.. NZ (700, 2 sales), £1 8s 6d. Unlisted Stock: Matea For. (1000), £2; Whaka.. cum div. (303), £1 Os 3d; Whaka. (500), £1 Os 6d. After afternoon call: 4 P.c Stock, 1952-55 (£1000), £lO2 ss; Coles, cum rts. (500), £1 6s sd; Coles, cum rts., odd (95), £1 6s.

Christchurch.—Sales on ’Change: Ballins Brew. (100), £1 10s 3d; Col. Sugar, rts. (3), £3l 2s 6d; Coles (500). £1 6s 3d: W’wths.. Ltd., ex div. (100). .£1 8s; W’wths., NZ (250). £1 8s 3d: Mt. Lyell (100), £1 2s. Sales reported: 3 p.c. Stock, Dec.. 1953-56 (£775), £IOO ss; NZ Brew (300) £2 11s; Ch’ch. Gas (10O), £1 4s 3d: Kalapoi Wool, ord. (200), £1 8s 3d; A’sian Paper and Pulp, rts, (432), 2s; T. and J., ord. (500), £1 16s. Unlisted Stock: Matea For (1500, late Tuesday), 2s

Sydney.—Sales: Comm. Syd., £26 9s; Natl., 12s 6d pd., £1 4s 9d; NSW, £l9 15s; Tooheys, £1 19s 3d; Tooths, £4 15s 9d; Assoc. News, pref., 18s 9d; ACI, £3 4s 3d; Brad. Cotton, £2 7s; BHP, £2 16s 3d; Aust. Paper, £1 8s 9d; Burns, Philp, £4 14s 9d; Col. Sugar, £63 10s; Col. Sugar, rts., £34 2s 6d; D. Jones, £2 19s; Drug Houses, £2 7s; Elec. Zinc, £4 7s 3d; Gen. Indust., £2 3s 6d; Coles, £1 8s; Goldsbrough, £2 9s; Morts Dock, £1 6s 6d; Wilcox Moflflin, £l,ls 3d; Wilcox Mofflin, New, £1; W'wths., £1 10s lid; W’wths., rts., 19s; Brit. Tobacco, £2 8s 6d- D’lop, £2 3s 6d; Felt, Text., £2 10s 6d; H. Jones. £3 6s 9d; Stedman, £1 13s 3d; BH Sth., £2 15s; Mt. Morgan. £1 5s 4!d; Oil Search. 4s.

DUNEDIN QUOTATIONS

NZ Govt., 1959-61 (£2000) .. 99 12 6 G. J. Coles (200) 1 6 3 Mt. Lyells (300) 1 1 9 Mt. Morgan (100) 1 3 6 Sales Reported— Bank NSW, late (7) 43 5 0 NZ Breweries (100) 2 11 0 Auck. Gas Perp. Deb., late (£269) 100 10 0 Colonial Sugar (10) 58 5 0 DIC, ord. (100) 1 14 0 G. J. Coles (500) 1 6 3 Mt. Lyell (100) 1 2 0 Otago Daily Times (100) .. .. 2 7 6 Mt. Morgan (300) 1 3 3 Christchurch Gas (100) 1 4 3 Colonial Sugar (10) 58 7 6

A selection of quotations on the Dunedin Stock Exchange yesterday afternoon is:— Buyers. Sellers. £ s. d £ s. d. Govt. Loans— 3 p.c. Stock, 1953-56 100 0 0 100 5 0 3 p.c. Stock, 1956-59 100 34 p.c. Bonds, Jan. 15, 0 0 100 10 0 1953-57 4 p.c. Bonds, June 15, — 101 5 0 i952-55 Banking— 102 0 0 A’sia 11 0 0 — New South Wales — 43 10 0 Commercial .. .. 1 6 9 1 7 0 ES and A 7 3 0 — National of NZ .. .. — 3 0 0 Natl of A’sia (cont.) 1 2 6 1 3 9 Frozen Meat— Cant, (ord) 19 5 0 NZ Refrig (pd.) .. — 2 0 6 NZ Refrig (cont.) .. 0 19 2 — South Otago .. .. 6 15 0 7 2 6 Gas— Auckland 0 9 9 Christchurch .. .. 1 4 0 1 4 6 Chch. (cont. ) .. .. — 0 11 9 Loan and Agency— Dalgety and Co. 0 11 6 Goldsbrough, Mort .. 2 4 0 2 5 0 Natnl Mort 0 10 1 0 10 6 Natl. Mort., B 2 7 0 — Guarantee Corp. — 0 5 0 Trustees Exec 5 17 6 5 L2 6 WS (pref.) .. .. — 1 5 6 Wool— Bruce (ord.) .. .. 2 0 0 Bruce (pref.) .. .. 1 7 0 — Mosgiel 2 13 6 2 14 0 Oamaru — 2 12 6 Timaru (£1) .. .. — 1 7 6 Felt and Text., Aust. — 2 8 0 Felts. NZ 1 17 0 — Miscellaneous— A Cl (£1) A. Iron and Steel, 2 18 0 3 1 0 (pref.) 1 11 6 1 13 n British Tobacco 2 4 3 2 4 9 Brok. Hill Pty. 2 12 6 2 13 6 Brown, Ewing (ord.) 3 1 0 — C Begg and Co. Smith and Smith — 1 19 3 (pref.) 1 3 0 — Woolworths 1 7 6 1 0 0