COMMERCIAL

Press, Volume XC, Issue 27397, 9 July 1954, Page 14

COMMERCIAL

STOCK EXCHANGES A SELLERS’ DAY IN CHRISTCHURCH The law of supply and demand continued to operate against buyers in quieter trading on the Christchurch Stock exchange yesterday. Several price gains were recorded in the sales made and there were no losses. Banks, breweries, and gas were the most buoyant sections on the day.

A. and N.Z. Banks rose sharply to sales at 40s, with more wanted at 39s 6d on a market bare of sellers. E.. S.» and A. Bank and National of New Zealand were also keenly sought at improved prices. Ballins Breweries rose to sales at 28s 3d, and at the end of the day buying offers of 28s Id were countered by sellers at 28s 6d. New Zealands were sought at the dearer price of 45s 9d, but sellers kept off the market.

Gas issues were again accorded solid buying support. Among the loan and agencies Dalgety’s B shares had business and buyers at the firm price of 11s 6d, and the A shares had steady bids of Ils

Woolworths, Ltd., rights, were actively traded in small parcels at the improved price of 10s 7d, with more on offer at this price at the close, but buyers were Id away. The company’s shares rose to sales and buyers at 15s 6d, with further sellers at 15s 9d. There were again no sellers for McKenzies, although buyers advanced their offers to 20s 3d. Coles were quoted wide with steady buyers at 15s 6d and sellers at 16s.

There was keen inquiry for Broken Hills 3d up at 36s 9d, and no sellers, and the same situation applied to Electro. Zinc ordinaries, buyers for which advanced their offers to 26s lOd. DOMINION TRANSACTIONS . CHRISTCHURCH Sales on ’Change, Listed

AUCKLAND Sales.—Late Wednesday: 300 N.Z. Breweries, 465: 50 South British, 63s 3d; 100 F.A.C., ’’B" pref., 23s 3d; 250 Korma, 16s 6d; 400 Alex. Harvey, pref., 23s 6d; 1018 W’wths, Ltd., rts., 10s 6d; 100 Mount Lyell, 15s 3d. Yesterday: £lOOO 3 per cent., 15/2/55-58. £97 7s 6d; 250 A. and N.Z. Bank, 40s; 200 Dominion Breweries, 88s; 150 Tooths Brewery, 65s 9d; 200 National Insurance, 28s Id; 1000 N.Z. Insurance, £6 10s; 100 South British, 63s 3d; 200 Newton King, pref., 24s 6d; 200 Traders’ Finance, contrib., 16s 9d; 600 Northern Steam, 12s 6d; 200 Korma, 16s 6d, and 500 pref., 15s; 991 A.C.1., 36s 3d: 100 Alex. Harvey, pref., 23s 6d; 200 B.H. Pty., 375; 5 Colonial Sugar, £36; 500 Consol. Brick, 12s 3d; 600 Fletchers. 41s 6d; 200 Coles, 15s lid; 309 1.C.1., pref., 16s 6d; 500 J. Wattie Can., 375; 100 Gadsden, pref., 22s 9d; 400 Forest Prods., 14s 6d; 500 Reid Rubber. 20s; 1500 Wilsons Cement, 16s; 62 W’wths., Ltd., rts., 10s 6d, 168 10s 7d, and 100, 10s Bd.

WELLINGTON Sales.—Late Thursday: 300 N.Z. Breweries, 465: 90 Wellington Wool, £10; 250 Woolworths, Ltd., rights, 10s. Yesterday: £lOOO 3 per cent., 56-59 (2 sales), £96; £2OOO 3 per cent., 57-60, £94 10s; 200 A. and N.Z. (2 sales), ex div., 39s 9d, and 200, ,40s: 100 Wellington Gas, 19s 3d; 700 South British Insurance (3 sales), 63s 3d; 100 Wright, Stephenson (5s paid), 20s; 642 B.HJ>. (3 sales). 36s 9d; 100 Reid Rubber, 20s; 500 Ampql Petroleum (2 sales), 32s 6d; 800 Consolidated Bricks (2 sales), 12s 3d; 200 J. Gadsden, pref. (2 sales). 22s 9d; 500 N.Z. Forest Products, pref. (2 sales), 19s 6d, and 800 ordinary (3 sales), 14s 6d; 300 Fletcher Holds., 41s 6d; 400 Ross and Glendining, 55s 6d; 1725 Wool worths. Ltdrights (3 sales), 10s 7d; 1284, ex rights (6 sales), Jss 6d. and 1000, 15s 7d. Unlisted: 300 Cory-Wright and Salmon, pref., cum div., 22s 9d; 400 Matea Forests (2 sales), 2s 6d. DUNEDIN Sales.—Late Wednesday: 150 N.Z. Insurance, £6 9s 6d. Yesterday: 200 N.Z. Breweries (2 sales), 45s 9d; 150 Mount Lyell, 15s; 1000 Mackintosh, Caley, Phoenix (2 sales). Bs. Sales Reported.—6oo National Insurance, 28s Id; 200 South British Insurance, 635, and 100, 63s 3d; 200 Dunlop, N.Z., ord., 21s; 100 McLeod Bros., 47s 6d. INVERCARGILL Sales Reported.—2oo N.Z. Breweries, 45s 9d; 148 Milburn Lime, 29s 9d. OVERSEAS EXCHANGES SYDNEY Uranium was the main feature on a quiet market on the Sydney Stock Exchange yesterday. Investments remained firm. The oil market was generally firmer, although busines was reduced. Sales.—A. and N.Z. Bank, 47s 6d; Commercial Bank of Sydney, £2l, and new, paid, £2O 18s; Commercial Bank of Australia, 21s, and new. paid, 20s 7Jd; E., S., and A. Bank, £7 3s; National Bank, 12t 6d, paid, 23s 6d, and 20s paid, 375; Bank of New South Wales. £3B 17s 6d; Tooth, 80s; Associated News, 20s 6d; Anthony Hordern, 25s 6d; A.C.1., 46s 3d; Bradford Cotton, 34s lOJd; British Tobacco, ex dividend, 31s 4Jd; Broken Hill Proprietary 455; Burns, Philp, 555; Canada Dry, 2s 9d: Colonial Sugar, £44; Drug Houses. 31 j 9d; Dunlop, ex dividend. 31s 6d; Electrolytic Zinc, 34s 9d; G. J. Coles, 19s 9d, and new. paid, 19s Ijd; Gordon and Gotch, 18s 4Jd; 1.C.1., 365, and new, paid, 35s §d; Taubmans, ex dividend, 17s 9d; Woolworths, ex rights, 19s lid, and rights, 13s sd; Ampol Petroleum, ex dividend, 38s 6d. and new, paid, 38s 6d; Consolidated Zinc. 43s 9d; New Broken HUI, 335; North Broken Hill, 81s 3d; South Broken Hill, 61s; Oil Search, 29s 4Jd; Ampol Exploration, paid, £5 Is; Australasian Oil Ex-

ploration, 9s 4d; Northern pevelopment, 9s 6d; North Australian Uranium Corporation, 10s 6d; Uranium Development, 10s 2d; Uranium Mines, 14s; New Guinea, 2s; Placer, £l4 Is; Courtaulds, 21s 6d; Felt and Textiles, 30s 9d; Goldsbrough, 39s 9d; New Zealand Forest, 17s 9d; Yarra Falls, 38s. MELBOURNE Trading was active in the investment section at Melbourne yesterday, and turnover was large in selected stocks. Rises again well exceeded falls. Oil stocks were in good demand, Oil Search and Enterprise both recording gains. Uraniums were keenly sought at steady prices. Sales.—BJl. South, 61s; Consol. Zinc, 43s 7d; Mount Lyell, 18s; North 8.H., 82s; Uranium Mines, 13s 9d; Emperor, 18s 6d, Mount Morgan, 24s 3d; Oil Search, 29s lid; G. J. Coles, new, 19s; Ampol Exploration, £5 Is 6d; A. and N.Z. Bank, 47s 3d, and "B” ord., 51s; Goldsbrough, 40s; Burns Philp, 555; Ampol Petroleum, 40s; Assoc. Pulp, 23s 8d; Bradford Cotton, 355; Brit. Tobacco, 31s 3d; 8.H.P., 44s 9a; Colonial Sugar, £42 17s 6d; Courtaulds, 21s 6d; Drug Houses, 32s sd; Dunlop, 31s 6d; Electro. Zinc, 34s 6d; Felt and Textiles, 31s, and second pref., 21s Id; G. J. Coles, 19s lOd; Herald, 17s 3d; Humes, 53s 6d; 1.C.1., A. N.Z., 35s 6d, and new, 355; Myer, 12s sd; N.Z. Forest, pref., 235; Olympic Consol., 8s 6d; Woolworths, 19s, rights, 13s 4d. CHRISTCHURCH QUOTATIONS

£ s. d. Var’n 300 Ballins Breweries, c.d. 1 8 3 4-3d 100 Dalgetys B 0 11 6 N.C. 320 Woolworths, Ltd., rights (6 sales) 0 10 7 4-2d Sales Reported, Listed £500 N.Z. Govt. 3 p.c. Stock, due 1952-55 99 10 0 —. 600 A. and N.Z. Bank 2 0 0 250 Wellington Gas (2 sales) 0 19 3 N.C. |100 Ampol 1 12 6 N.C. 200 Dunlop, N.Z. 1 1 0 4-6d 100 Electro. Zinc 1 7 6 - 100 Watties 1 17 0 500 Reid Rubber 1 0 0 N.C. 100 Woolworths, Ltd. .. 0 15 .6 +2d 1250 Woolworths, rights 0 10 7 -|-2d

Buyers. Sellers. £. s. d. £ s. d. N.Z. Government— 3 p.c., 15/9/52-55 . 99 10 0 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 . r— 94 10 0 3 p;C., 15/4/60-62 . — 93 15 0 3 p.c., 15/4/60-63 . 92 15 0 3 p.c., 15/7/63-65 . 92 5 0 3 p.c., 15/5/64-66 . 91 5 0 34 p.c., 15/9/57-60 . 96 5 0 34 p.c., 15/1/53-57 . 09 10 0 32 p.c., 15/5/62 . 98 0 0 4 p.c., 15/6/52-55 . 99 17 8 Banks— Aust, and N.Z. 1 19 6 Comm, of Aust pref., c.d. 7 0 0 E., S.» and A. 6 1 6 * — ■ National of N.Z. . 4 11 6 4 12 6 N.S.W. 33 5 0 33 10 0 Breweries— Ballins, ord., c.d. . 1 8 1 1 8 6 Pref., c.d. 1 2 6 New Zealand 2 5 9 Frozen Meat— Canterbury 22 2 6 Pref. 7 4 0 N.Z. Refrig. 2 6 3 10s 1 2 0 North Canty., pref 1 2 0 Waitaki .. 11 17 6 Gas-i-Auckland 0 4 9 Christchurch 0 17 6 0 19. 6 10s paid 0 7 6 Timaru 1 6 6 Wellington 0 19 3 Timartfe con. 0 5 9 Insurance— National .. 1 8 0 1 8 5 New Zealand, c.d 6 9 0 South British 3 ~3 6 Standard ' 5 ~0 0 Loan and Agency-— C.F.C.A., ord. 1 8 0 Pref. 3 0 0 Dalgety “A” 0 11 3 “B” 0 11 6 0 11 8 Golds. Mort 1 13 0 Mutual Benefit 1 10 0 Nat. Mort. "A** . 0 10 3 N.Z.P. Co-op. 0 13 9 4J p.c. Stk., ’60 . 97 15 0 4J p.c. Stk., *55 . 100 0 0 N.Z. L. and Mer fully paid . ——. 1 8 Perm. Invest. uu a

Buyers. £ s. d. Sellers. £ s. d. S.I. Finance United Building .. Wright, Stephenson, con. ... 0 19 8 1 14 0 0 19 8 Shipping— Northern .. 0 12 3 Union, pref. 15 9 - Woollens— Bonds 5 2 8 Bruce 2 2 0 'mm Yarra Falls 1 11 0 Feltex Feltex, N.Z. 1 15 8 16 6 Kaiapoi 18 0 __ Pref. 17 6 18 0 Korma, ord. .. Manawatu 4 0 0 0 17 0 Mosgiel .. .. 3 5 0 Oamaru 2 5 9 ___ Timaru 1 11 8 1 12 0 MiscellaneousAlloy Steel (N.Z.) 2 2 0 2 10 0 Amalg. Batteries... 17 0 .mm Ampol 1 11 6 1 14 0 Andersons, 1st pref. 12 0 MM Aust. C.I. 1 16 0 MM Alex. Harvey 3 3 0 ■MM Avon Metal Beath and Co. .. 2 13 0 0 12 6 2 15 0 Booth, Mac. .. 0 6 4 Caros, c.d. .. 14 0 MM Broken Hill Pty. .. 1 16 9 Canty. Saleyards .. 2 2 9 —— Canty. Koller Flour 0 17 0 MW Claude Neon, N.Z. 2 12 0 MW Colonial Sugar 36 2 8 36 10 0 Courtaulds 0 17 1 WM Clyde Eng. Consol. Brick OHIO 14 0 Doni. Builders .. 0 12 0 D.I.C., pref. 14 3 WM Dunlop Rubber •• 15 6 WM Dunlop, N.Z. 10 9 110 Pref. .. Electro. Zinc, ord. 1 8 10 0 17 6 Pref. Evans Atlas .. 0 16 9 1 ~6 6 Fletchers B, pref. 1 "1 0 0 Frozen Products .. Griffins .. .. 2 3 0 0 ~7 9 G. J. Coles 0 15 6 0 16 0 Greater Crystal .. 10 3 WM Hay’s .. 3 6 0 3 7 6 Humes (N.Z.), pref. 12 6 13 0 I.C.I., A., N.Z., c.d. 1 8 10 — J. Gadsden 1 10 0 1 11 3 Pref 12 3 MM Gordon and Gotch, rights 0 10 3 0 10 6 J. J. Niven, c.d. .. 3 15 6 MM K.D.V. Boxes 0 12 L MM K.P. Drugs 6 2 6 WM Mating, pref. 10 8 WM Mason, Struthers, £1 paid 1 15 0 10s paid 0 17 6 MM McCaskey, pref. .. 0 18 0 MM McKenzies 1 D 3 WWW McLeod 2 5 0 W-W Milburn Lime 1 9 10 MW Morris Hedstrom .. 2 4 0 MM National Electric .. 6 10 0 M— • N.Z.F. Fert., c.d. .. 1 17 3 *WM Pref., c.d. 15 0 WM N.Z. Forest Prods. 0 14 7 Pref 0 19 4 ww N.Z. Newspapers .. 1 12 6 MM Norvic Shoes Otago Daily Times 2 ~5 6 0 15 0 Petrous Tile 13 9 1*5 3 Quill Morris ‘ ... 12 0 Reid Rubber, pref. 0 19 3 WM Ross and Glendining .. . .. Tingey, pref. Silknit. 0 10 0 2 15\ 3 10 1 Skellerup, pref. k . 113 1 "2 3 Turnbull and Jones, pref. .. .. 110 Weeks 1 11 0 1 15 0 Whakatane, ord. .. 10 0 WM Pref. Whit, and Tombs .. 1 *8 8 119 Williamson Jeffery 18 0 MW Wilson Malt W’worths., ord. 0 15 8 15 0 0 15 9 Rights 0 10 6 0 10 7 (N.Z.), ord. 12 3 (N.Z.), pref. .. Pp., pref. 1 15 0 13 0 MM MiningGrey River •. Ngahere .. .. Snowy River 0 2 6 0 3 3 0 0 9 0 4 0 UNLISTED STOCKS Buyers. Sellers. £ s. d. £ s. d. Andrews and Beaven, pref. 10 0 Ord. .. mm 11 6 Colonial Motors .. 1 12 0 Beaths (Is paid, 19s deposit) 1 19 0 Buntings .. 17 0 Canty. Seed 18 6 MW Mack’h, C a 1 e y, Phoenix 0 8 0 Matea Forests National Tobacco 0 14 0 0~2 8 Tingey. R. and E„ c.d. 0 16 8 Prudential Building Southland Brews. 14 0 10 0 14 8 St. Elmo Courts .. 0 5 0 Tekau Knitwear .. 13 0 tww ■ Weeks (Wanganui) 10 0 13 0 Victoria Mansions M «