COMMERCIAL

Press, Volume XC, Issue 27396, 8 July 1954, Page 15

COMMERCIAL

STOCK EXCHANGES HEAVY TRADING A large volume of business was transacted on the Christchurch Stock Exchange yesterday. Price movements were inclined to be erratic. Quotations on the whole were firm to firmer, and the absence of sellers for banking issues ‘ and popular New Zealand stocks was again marked. < Pursuing their upward trend, Ballins s Breweries had sales at 28s, with further c buyers at 27s 6d, and sellers at 28s 6d. r Buyers for New Zealands goffered 45s 6d, s but sellers again did not quote. I v Tv e £ e , was a more buying strength i behind insurances. New Zealands were 1 fractionally weaker in business at £6 Bs, i but recovered to buyers at £6 9s and < sellers at £6 10s. The recent dividend ’ increase had obviously been anticipated 1 by the market. Timaru Woollens advanced further to < sales at 325, and more were on offer at i the same price. i Dunlop (N.Z.) preferences fell sharply < to sales at 17s 3d, and closed with further, i buyers at 17s. 1 Gordon and Gotch rights were fairly f heavily traded at 9s lid to 10s 3d, and ‘ closing quotations were buyers 10s 2d, 4 s x - rs 10s McKenzies firmed to sales 1 at 20s 3d. with subsequent bids of 20s ! on a bare market. Woolworths fights rose slightly in sales at 10s 6d, with more wanted at the same price—sellers Id . away. Offers for Wool worths shares . dropped Id to 15s 3d, but sellers were unchanged at 15s sd. Coles had Improved buying Inquiry at 15s 6d, but sellers kept oft the market. DOMINION TRANSACTIONS CHRISTCHUHCH

, , . AUCKLAND Sales.—Late Tues.; 300 Allum. Co. N.Z., M^'wwMn 300 Alex Harvey, pref., 23s od, 100 Milne and Choyce, 55s 6d: 700 ?c et ?5 S 4d: T °PP a - 5s ? d - Yesterday: £2OO 15/5/53-56, 3 per »8 ss; 175 Comm. Bank Aust., 17s n 'u- 3 ? 0 Insc e-. 28s Id; 550 South British, 63s 6d; 450 Farmers' Co-op., "B” pref., 23s 3d; 100 Korma, 16s 6d; 100 Alex Harvey, 645, and 160 pref., 23s 6d; £l° Trading, “,C” pref, (new), 21s 9d; 200 Fletchers, 41s 6d, and 300 “B” pref., 21s; 200 Forest Prods., 14s 6d; 100 ?P ter ®. Ice (Victoria), 23s 4d; 106 Hamilton Theatres. 4£s 6d; 800 Reid Rubber, 20s; 200 William Cable, 31s 6d; 25 Woolworths Ltd., rts., 10s sd; 660, 10s 6d, 125 10s sd, and 1100 10 s 6d; 220 Whitcombe, Tombs, 29s 6d. Unlisted: 100 Hellabys, 47s 6d; 400 Matea Forests* 2s 7d.

.WELLINGTON Sales.—Late Tuesday, £250 3 per cent., 1956-59, £95 17s 6d; £lBOO 3 per cent., 1960-62, £93 10s; £5OO 34 per cent., 195760, £96; 500 N.Z. Forest Products, 14s 7d, and 145, 14s 6d. Yesterday: 10 Bank New South Wales, £33 10s; 50 N.Z. Breweries. 45s 9d; 100 South British Insurance, 63s 3d; 50 Standard Insurance, £5; 100 Kauri Timber, 24s 6d: 265 Rotoiti Timber, 20s; 300 B.H.P. (2 sales), 36s 6d; 300 J. Gadsden, 30s; 100 Humes Ltd. (2 sales), 445; 100 Humes N.Z., pref., 235; 106 Hamilton Theatres, 46s 6d; 500 Korma, pref., 19s; 1000 McKenzies (3 sales), 20s 3d; 800 N.Z. Forest Products (2 sales), 14s 6d, and 100 pref., 19s 6d; 200 Timaru Wool (2 sales), 31s 9d; 100 Wm. Cable Holdings. 31s 6d; 205 Whakatane Board, 20s 4d; 41 Woolworths Ltd., rts., 10s 6d. DUNEDIN Sales.*—Late Tuesday: 400 Wilson N.Z. Cement (2 sales), 16s Id. Yesterday: 200 N.Z. Breweries, 45s 9d: 100 Natl. Insurance, 28s: 125 N.Z. Insurance, £6 8s; 450 Wright, Stephenson, pref. 245, and 100 con., 20s; £lBl P. and O. Stock, 39s 6d; 200 Ampol Petrol, 32s 6d; 300 8.H.P., 365; 232 Electro. Zinc, ord., 28s; 200 N.Z. Forest Prods., pref., 19s 6d; 930 Colei (2 sales), 15s’ 6d: 100 Hallenstein Bros., 355: 105 Ross and Glendining (2 sales), 555, and 200, 55s 3d; 500 Wilson N.Z. Cement, 16s; 56 Woolworths, Ltd., rts., 10s 6d. OVERSEAS EXCHANGES SYDNEY Uranium swung further into the Stock Exchange spotlight in Sydney yesterday as recent intense interest in oil continued to wane. Industrials remained firm. Sales.—Commercial Bank of Sydney, £2l 10s; Bank of New South Wales, £3B 17s 6d; Tooheys, 26s 6d; Tooth. 79s 9d; Associated Pulp, 245; Bradford, 355; Broken Hill Proprietary, 455; Burns Philp, 555; Canada Dry, 2s 6d; Courtaulds, 21s 6d; David Jones, 54s 6d; Taubmans, ex dividend, 17s 6d; Wilcox Mofflin, 5s lOd; Woolworths, ex rights, 19s, rights, 13s Id, Yarra Falls, 38s; Ampol Petroleum, ex div., 39s 6d, new, paid, 38s 6d; Consolidated Zinc, 435; Mount Isa, ex div., 56s 9d; South Broken’ Hill, 61s; North Broken Hill, 81s; Oil Search, 28s 3d; Ampol Exploration, paid, 99s 6d; Australasian Oil Exploration, 9s 6d; Northern Uranium Development, 9s 4d; North Australian Uranium Corporation, 10s; Uranium Development. 9s lid; Mount Morgan, 245; New Guinea Goldfields, 2s; Huddart Parker, 50s 6d; Anthony Hordern, 255, pref., 245; British Tobacco, ex div., 31s 3d; Colonial Sugar, £43: Felt and Textiles, 30s 6d; Humes, 535. MELBOURNE

Rises outnumbered falls almost four to one in a very strong investment market at Melbourne yesterday. Trading waS, active, but actual turnover was not large. Sales.—Consol. Zinc, 43s 3d; New Broken Hill, 32s 9d; North Broken Hill, 81s; Emperor, 18s 6d; Oil Search, 28s 4d; A. and N.Z. Bank, 47s 3d; Commercial, 21s 6d, (1953 issue), 20s sd; Goldsbrough, 40s; Carlton Brewery, 345; Burns Philp, 555; Huddart Parker, pref., 22s 6d; A.W.A., 35s 9d; Ampol Petroleum, 39s 9d; Aust. Iron and Steel, pref., 27s 6d; British Tobacco, 31s 3d; 8.H.P., 455; Electro Zinc, 34s 6d, ?ref., 325; Felt and Textiles, 30s lOd; G. . Coles, 19s 6d; Humes, “B” pref., 265; 1.C.1. A.N.Z., 33s 9d; Myer, 12s 6d, pref.. 32s 6d; Woolworths, “rights,” 13s 3d. LONDON Consolidated Zinc, 34s 7Jd; New Broken Hill, 275; Mount Morgan, 18s 9d; Aust, and NIE. Bank, sale, 38s 7Jd; Commercial Bank Aust., buyer 16s, seller 16s 9d; E., S., and A. Bank, sale £6 Is 3d; Bank New South Wales, sale £3l 10s; British Tobacco, buyer 24s 6d, seller 25s 6d; Goldsbrough Mort, buyer 31s, seller 325; Dalgety, sale Ils 6d; Natl. Bank New Zealand, sale 91s 3d; Dalgety, 1955-1970, buyer £94, seller £96; New Zealand Loan and Merc., 4 per cent, debs., sale £B3, and ordinary stock, sale 26s 9d: P. and O. Deferred, middle price, 38s lO&d.

Sales on ’Change, Listed 100 Ballins Breweries, £ s. 1. Var'n. c.d. 1 8 0 4-6d ,5 Colonial Sugars 36 0 0 N.C. 125 Dunlop (N.Z.), pf. 0 17 3 —9d 200 Gordon and Gotch, rights 0 10 2 4-2d 200 N.Z. Forest Products, ord. 0 14 6 —Id 91 Woolworths, Ltd., rights (2 sales) 0 10 6 4-ld 200 Gordon and Gotch rights (2 sales) 0 10 3 +3d „ Sales on ’Change, Unlisted 400 Mackintosh, Caley, Phoenix 0 8 0 N.C. ~ S , aies Reported, Listed 125 N.Z. Insurance, c.d. 6 8 0 —3d 300 Timaru Woollens .. 1 12 0 +6d 800 Booth, Macdonalds 100 Humes, Ltd. 0 6 2 4 6 0 +3d N.C 100 Humes (N.Z.), pref. 1 3 0 N.C. 225 S ugh Kearns 1 o 0 500 Gordon and Gotch, rights 0 10 0 N.C. 360 Gordon and Gotch, rights 0 9 11 —Id 300 Gordon and Gotch, rights .. . 600 McKenzies 0 10 1 0 3 3 +3d 300 Reid Rubber, ord. .. 1 0 0 N.C*. 200 Ross and Glendining 9 ate sale Tuesday) 180 Ampol 2 15 1 12 3 6 N.C. —6d

— CHRISTCHURCH QUOTATIONS Buyers. Sellers. £ s. d. £ s. d. N.Z. Government— 3 p.c., 15/9/52-55 .. —— 99 12 6 3 p.c., 15/5/53-56 .. 98 0 0 • — 3 p.c., 15/12/53-56 .. 97 5 0 3 p.c., 15/4/56-59 .. — 96 5 0 3 p.c., 15/8/59-61 .. 94 0 0 — 3 p.c., 15/4/60-63 .. — 92 15 0 3 p.c., 15/7/63-65 .. 92 0 0 — 3 p.C., 15/5/64-66 .. BanksAust. and N.Z. .. 91 5 0 — 1 18 0 — Comm, of Aust., pref., c.d.7 0 0 *— E., S.» and A. 6 10 — Natl, of N.Z. 4 11 0 N.S.W 33 7 6 33 10 0 Breweries— Ballins, ord. 17 6 1 b 0 New Zealand .. 2 5 6 •Frozen MeatCanterbury 22 0 0 Pref. 7 2 6 Gear .. •• 17 0 N.Z. Refrig. 2 5 3 •— 10s ... 12 0 ■— Gas— Auckland 0 4 9 •• Christchurch 0 17 6 — 10s paid 0 7 6 — Timaru .. »• 16 6 — Wellington 0 19 3 ““ Insurance— National • • 18 0 1 8 □ New Zealand 6 9 0 6 10 0 South British — 3 3 6 Standard 5 0 0 —“ Loan and Agency— C.F.C.A., ord. .18 0 Pref. 3 0 0 Dateety "A’*' 0 11 3 •— “B” 0 11 4 Goldsbrough, Mort. 1 13 0 1 14 0 Mutual Benefit 1 10 0 Nat. Mortgage "A 0 10 0 0 10 s N.Z.F. Co-op. 0 13 9 — 1st Pref. 0 14 6. **A” Pref. 0 13 6 **B” pref. 0 13 8 0 14 0 41 p.c. Stk., 1960 4 p.c. Stk.. 1955 N.Z. Guarantee .. 97 7 6 100 0 0 0 2 4 — N.Z. L. and Mer., fully paid ' 1 8 6 Perm. Invest. 11 12 6 S. Island Fin. 1 10 0 Wright, Stephenson, con. 0 19 11 1 0 3 Shipping— Union, pref. 15 7 — Woollens— Bruce 2 19 Feltex •• .» 16 0 1 6 7

Buyers. £. b. d. Sellers. £ s. d. Kaiapoi, pref. 1 7 6 . WM Kortna, ord. —— 0 17 ) Manawatu 4 0 ) WWW Mosgiel 3 5 ) WM Oamaru 2 5 9 MW Lane. Walker, pref. 1 3 0 MW ■ Timaru • Miscellaneous 1 11 8 1 12 0 Alloy Steel (N.Z.) 2 2 ) 2 10 ) Amal. Batt. 1 7 3 MW Ampoi 1 12 0 1 12 : 0 Andersons, 1st pref. 1 2 0 MW Aust. C.I. 1 16 0 MW Aulsebrooks, pref. 1 3 [) — Avon Metal 0 7 6 0 12 B Beath and Co. 2 13 0 MW Booth, Macdonald 0 6 5 0 6 9 Caros, c.d. 1 4 !) WM Broken Hill Pty. .. 1 16 6 MW Canty. Saleyards .. 2 2 6 — Claude Neon, N.Z. 2 11 6 MW Colonial Sugar 36 0 0 36 5 0 Clyde Eng. 1 3 0 — Consol. Brick 0 11 0 —M Dom. Builders 0 12 0 —W Donaghy’s Rope .. 2 4 0 — D.I.C.. 10s paid .. 1 6 6 MW Pref. 1 4 3 — Dunlop Rubber — 1 6 3 Dunlop (N.Z.) 1 0 6 1 1 0 Pref. 0 17 0 0 17 3 Electro. Zinc, ord. 1 6 6 —M Evans Atlas 0 16 9 WM Fletchers 2 1 0 — B, pref. 1 1 0 Frozen Products «. — 0 8 0 Griffins 1 3 0 MW G. J. Coles 0 15 6 WM Greater Crystal .. 1 0 3 WWW Hallensteins 1 15 0 — Hay’s ' 3 .6 6 3 8 0 Henry Berry 1 2 9 — Humes 2 3 6 — Humes (N.Z.), pref. 1 2 6 •— I.C.I., A., N.Z. .. 1 8 6 WWW Hugh Kearns 3. Gadsden 0 19 1 16 6 0 Pref. Gordon and Gotch, 1 2 3 — rights 0 10 2 0 10 4 J. J. Niven, c.d. .. 3 15 0 WM K.D.V. Boxes 0 11 9 MW K.P. Drugs 6 2 6 — J. Watties 1 15 6 1 17 0 Maling, pref. Mas. Struthers, 10s 1 0 7 — paid 0 17 6 ■ McCaskey, pref. .. 0 18 0 MW McKenzies 1 0 0 Midland Mot., pref. 0 19 0 1 0 0 Milburn Lime 1 9 .0 MW> M.K. Manufrs. 0 13 0 — Morris Hedstrom .. 2 3 6 — Morts Dock 0 16 0 MW N.Z.F. Fert., c.d. .. 1 17 3 —W. Pref., c.d. 1 4 9. —W N.Z. Forest Prods. 0 14 5 0 14 6 Pref. 0 19 4 WWW Otago Daily Times 2 5 6 WM Petrous Tile 1 3 6 WM Quill Morris 1 2 0 —— Reid Rubber — 1 0 3 Procera Tingey, R. and E. s 0 8 0 0 10 0 pref. 1 4 9 Skellerup, pref. .. — 1 2 3 Turnbull and Jones 1 15 7 —— Pref. 1 1 0 WWW Weeks 1 11 0 1 18 0 Pref. — 1 2 6 Whakatane, ord. .. 1 0 3 MW Pref —w 1 1 9 Whit, and Tombs 1 8 0 WM Williamson Jeffery 1 8 0 WM Wilson Malt wm 1 5 0 W’worths. ord. 0 15 3 0 15 5 Rights 0 10 6 0 10 7 (N.Z.), ord. — 1 2 6 (N.Z.), pref. 1 15 0 WWW Pp., pref. W. R. Cooke and 1 3 0 — Son Overseas Listings— 0 11 3 — W’worths (S.A.) .. Aust. Mining— 0 12 0 — Mount Lyell Mining— 0 15 2 0 15 8 Grey River 0 2 6 0 3 3 •Ngahere 0 0 2 0 0 9 Snowy River UNLISTED Andrews and Bea0 2 6 STOCKS 0 4 0 ven, pref. 1 0 0 —w Colonial Motors .. 1 1 2 —M Buntings .. 1 7 0 WM Canty. Seed 1 8 6 MW Christchurch Press Cory-Wright and 11 16 0 — Salmon, pref., c.d. Europa Oil (N.Z.), — 1 3 6 pref Mack’h, C a 1 e y, — 1 13 0 Phoenix 0 f 0 0 fl 4 Matea Forests 0 2 5 0 2 1 National Tobacco Tingey, R. and E., 0 14 3 c.d. 0 16 6 WM Prudential Building — 1 c < Scales. ”C” pref. .. 0 f • 0 MW St. Elmo Courts .. 0 5 0 WM Southland Brews. 1 I .3 MW Tekau Knitwear .. 1 1 6 w— Weeks (Wanganui) ’ 1 1 1 Victoria Mansions x e 0