COMMERCIAL

Press, Volume XC, Issue 27410, 24 July 1954, Page 8

COMMERCIAL

STOCK EXCHANGES

MARKETS REMAIN fIRM Prices of most stocks were -firm to firmer in moderate trading on the Christchurch Stock Exchange yesterday. DOMINION TRANSACTIONS CHRISTCHURCH

AUCKLAND Sales.—Late Thursday: 100 Pukemiro, 33s 6d; 100 Caledonian Col Wries, 5s 4|d; 1000 National Mortgage “A”, 10s Id; 200 David Jones, 45s 6d;. 200 Speedway Products, new, 255. Yesterday: £3OO Newmarket 8.C., 1/6/55, 41 per cent., £lOO 7s 6d; £3360 15/11/57-60, 3 per cent., £94 10s; 50 Commercial Bank Aus., pf., £7; 200 Nat. Bank N.Z.. 90s; 5 Bank N.S.W. (Syd. reg.), £33; 50 Dominion Breweries, 89s 6d; 100 N.Z, Insurance, £6 10s; 500 National Mortgage "A,” 10s Id; 100 Newton King, 18s 3d; 50 Bruce Wool, 435; 200 Feltex, Aus., 27s 3d; 400 B.H. Pty., 375; 30 Colonial Sugar, £37; 100 Farmers’ Trading, 43$ 6d; 200 Fletchers, 41s 9d; SOO Hay’s, Ltd., 67s 6d; 200 Milne and Choyce, 57s 6d; 200 McKenzies, 21s, and 600 21s 3d; 500 Forest Products, pref., 19s 6d: 100 N.Z. Newspapers, 34s 6d; 300 Reid Rubber, 19s 7d; 300 Ross and Glendining, 595; 1100 Wilson’s Cement, 15s lOd; 300 Woolworths, N.Z., 23s 3d; 239 Woolworths, Ltd., rights, 10s lOd. Unlisted.—looo Maple Holdings, Sls. WELLINGTON Sales.—£439o, 3 per cent., May, 51-56 (4 sales). £9B 12s 6d; £270 3 per cent., 5961, £94 10s; 200 N.Z. Breweries, 47s 9d; 20 Canterbury Frozen Meat. pref, (odd), £7 7s 6d; 200 W. R. Carpenter, 14s; 600 B.H. Pty., 375; 100 Farmers’ Trading. 43s 6d; 100 McKenzies, 21s, and 600, 21s 3d; 175 Wilson’s Cement, 15s lOd; 550 Woolworths, Ltd., rights (4 sales), 10s 9d; 1160 Woolxvorths Properties, ex div. (4 sales), 17s Unlisted.—loo Bing Harris "A,” 20s 6d. Reported.—looo Ballins Breweries, 28s; 100 Jacquard Textiles, 21s 6d; 100 Aust. Consolidated Industries, 435; 100 J. Gadsden, ord., 30s 6d; £lOOO 3 per cent., May, 53-56, £9B 12s 6d; 150 B.H. Pty., 3*7s 3d; 200 Woolworths, Ltd., 16s.

DUNEDIN Sales—Late Thursday: 114 National Bank New Zealand, 92s 6d; 1000 National Mortgage, 10s Id; 200 Fletcher Holdings, ord., 41s 6d; 53 Kempthorne Prosser, N.Z. Drug, £6 7s. Sales.—Yesterday: 100 National Bank of Aasia, 30s 6d; 200 Commercial Bank, new, 17s 4d; 25 E., S. t and A. Bank, £6 ss; 050 24s 3d ’ 300 Hallenstein 6ros., 355; 132 N.Z. Paper Mills, 355.

Sales Reported.—2so Commercial Bank, 6d- £350 Govt. Stock. 3? per 1962 - £9B ss : 183 Broken Hill, 375; irl Commercial Bank, new, 17s 6d; 200 N.Z. Refrigerating (cont.), 22s 6d. OVERSEAS EXCHANGES SYDNEY The rise on the sharemarket began to level out at the stock exchange yesterday, where business contracted slightly. Price movements generally were within much narrower limits.

Sales.—Commercial Bank of Sydney, £ 2l A s: J? ank ot New South Wales, £3B Tooth, 81s 8d; Associated News, 20s I£<s; Huddart Parker, 51s; A.C.1., 52s 6d; Australasian Paper, 19s 9d; Berlei, 42s 3d; Courtaulds. 21s; Dunlop, 335; Felt and Textiles. 33s 6d; Farmers, 56s 6d; Fairymead, 43s 9d; Henry Jones, 51s 3d; Paton and Baldwin, 255; Winchcombe, 425; Woolworths. 19s 9d; W. R. Carpenter. 17s 6d; Yarra Falls. 38s; Ampol Petroleum, 41s 9d; Mount Lyell, 18s 3d; Mount Isa, 575; North Broken Hill. 86s 3d; South Broken Hill, fcs 6d; Associated Oil, 16s; Freney, 13s; Oil Search. 29s lOJd; Ampol Exploration, £5 6s; Associated Freney, 23s 6d; New Guinea Gold, 2s 2d; Placer Development, £l3 15s; North Australian Uranion Cor- ?° ra sd ,n ’ Cranium Development. MELBOURNE • The investment market maintained a Ann iindertone, with rises again well exceeding falls. Trading was active, particularly in the leading stocks. Overall, Uranium stocks displayed a weaker trend as profit-takers forced prices down. Trading was very active in most issues. OH shares were in keen demand at firmer prices. Gold and sillverlead move varibalv. Sales.—Commercial Bank, 21s 4d, and <1953 issue) 21s; Goldsbrough, 42s 9d; Carlton Brewery. 36s 3d; Huddart Parker, 50s 6d; Ampol Petroleum, 41s 6d; Associated Pulp, 24e 6d; A.C.1., 52s 3d; Aust. Iron and Steel, pref., 27s 9d; A.P.M., 19s Bd. and pref,. 21s; Bradford Cotton, 34s 9d; British Tobacco. 325; Broken Hill Proprietary, 44s 9d; Courtaulds, 21s; Drug Houses. 345: Dunlop, 335; Electro. Zinc, pref., 34s 3d; G. J. Coles, 20s; Gordon and Gotch, 20s. and rights, 13s lid; Herald, 18s Bd. and 2s 6d paid, 13s; Humes, 555; 1.C.1., A.. N.Z., 36s 3d; Myer, 12s 6d; N.Z. Forest, 17s 6d; Olympic Consol., 96; Woolworths. 19s 6d, and rights, 13s 6d. Mining.—Broken Hill South. 65s 3d; Consolidated Zinc. 435; Mount Lyell, 18s 3d; New Broken Hill, 34s fld; North Broken Hill, 86s; Uranium Mines, 13s 6d: Emperor, 19s; Mount Morgan, 24 S 4d; Oil Search, 295. Unlisted.—Ampol Petroleum (June, 1954, paid), 40s; G. J. Coles, new, 20s; Ampol Exploration, £5 4s, and 4s 6d uncalled, 975; Oil Search (new, fully paid), 29s 3d.

Sales on ’Change, Listed £. a. d. 300 Matea Forests (2 Var’n. N.C. sales) 0 3 0 Sales Reported. Listed £1115 N.Z. Govt., 3 p.c. Stock, 1980-63 92 10 0 —• 20 Canterbury Frozen Meat 7 *7 6 4-5/-50 N.Z. Refrigerating 2 6 6 4-1/-500 National Mortgage, “A” 0 10 1 N.C. 300 Booth Macdonald (2 , sales) 0 6 6 —3d 100 Aulsebrooks, pref., c.d. 1 3 6 —— 200 B.H.P 1 17 0 N.C. 15 Colonial Sugar .. 37 0 0 4-10/-300 Hay’s, Ltd. (late sale Thursday) 3 7 6 N.C. 450 Hay’s 3 7 6 N.C. 53 Wool worths, Ltd., rights 0 10 10 N.C. 500 D.I.C., pref. 1 4 3 N.C. Sales Reported: Jnlisted 200 E. Reece, pref. .. 0 11 0 4-3d

CHRISTCHURCH QUOTATIONS N.Z. Govt.— Buyers. £ s. d Sellers £ s. d 3 p.c., 15/9/52-55 .. 99 15 0 MM 3 p.c., 15/12/53-56 .. 97 10 0 mm 3 p.C., 15/4/56-59 .. 96 5 0 3 p.c., 15/11/57-60 .. — 94 10 0 3 p.c., 15/8/59-61 .. — 94 10 0 3 p.c., 15/4/60-62 .. 93 0 0 3 p.C., 15/4/60-63 .. 93 0 0 3 p.c., 15/7/61-63 .. _m 92 0 0 3 p.c., 15/6/61-64 .. 91 10 0 31 p.c., 15/9/57-60 .. 96 7 8 — 3i p.C., 15/1/53-57 .. 98 0 0 98 10 0 3% p.c., 15/5/1962 .. 98 2 6 - - 4 p.c., 15/6/52-55 .. 100 2 6 4 p.c., 31/5/54-58 .. 100 5 0 __ Aust, and N.Z. __ 2 0 3 Comm, of Aust .. 0 17 5 Comm of Sydney M. 18 5 0 Natl, of A’asia, £1 1 10 0 N.S.W. 33 5 0 33 12 6 Ballins, ord. .. 17 0 18 0 Pref. .. .. 1 1 0 119 New Zealand 2 7 6 Frozen Meat— Canterbury 22 15 0 — Pref. 7 5 0 MM Gear .. .. 18 0 mm N.Z. Refrig. 16 3 —M 10s 12 4 MM Nth. Canty., pf. .. 12 0 Southland 4 14 3 MM Gas Auckland 0 5 4 —— Christchurch 0 18 0 MM 10s paid 0 8 0 Timaru 1 6 6 Wellington, c.d. .. 0 19 9 MM Timaru (contrib.) 0 7 0 Mm Insurance— F.A.M.E. 1 6 9 National 18 3 18 9 New Zealand 6 9 0 South British 3 3 3 Standard 5 0 0 5 10 Loan and Agency— C.F.C.A., ord. 18 6 — Pref 3 0 0 Chch. Building 16 0 0 _ Daleety, "A” 0 12 6 “B” —_ 0 12 3 Goldsbrough, Mort 1 15 6 Mutual Benefit 1 10 4 Nat. Mortgage, “A” 0 10 1 —M N.Z.F. Co-op. 0 13 11 MM First pref. 0 14 9 MM “A” pref. 0 13 9 MM “B” pref. 0 13 9 M— 4| p.c. Stk., ’60 .. 98 5 0 MM 4 J p.c. Stk., '55 .. 100 0 0 J.M. N.Z. L. and Met., fully paid ... 18 6 Perm, invest. 1117 6 S.I. Finance 1 10 0 1 12 0 United Building .. 10 0 Wright, Stephenson, contr. MM 0 19 9 Shinning— Huddart Parker .. 2 0 6 MM Union, pref. 16 0 M— Timber— * Putaruru, pref. 10 6 Woollens— Bruce /. 2 2 0 Yarra Falls 1 11 0 Feltex 16 9 Mm N.Z. 1 16 0 Kaiapol 18 3 - Pref. MM 17 9 Korma, ord. 0 17 0 Pref. 0 19 3 MM Manawatu 3 10 0 -— Mosgiel 3 6 0 MM Oamaru 2 6 0 MM Lane, Walker Rudkin, pref. 13 6 MM Timaru 1 11 9 1 12 6 Wellington, pref. .. 10 0 0 Matheson, Minster 0 10 3 M— Miscellaneous— Alloy Steel (N.Z.) 2 2 0 2 10 0 Amal. Batteries 17 3 Andersons, 1st pf. 12 0 Aust., C.I. 2 10 2 4 0 Aulsebrooks, pref. 13 9 A.W.A. .. .. X 11 0 1 14 0

Buyers. Sellers. £ s. d. £ s. d. Avon Metal 0 12 6 Beath and Co. .. MM 2 15 0 Berlel, Ltd. 1 14 0 — Beggs 2 4 9 — Berlei Industries. c.d. 1 16 9 MM Booth, Mac. 0 6 6 0 6 8 Broken Hill Pty. .. 1 16 6 1 17 0 Burns, Philp 2 5 0 — Canty. Roller Flour 0 17 0 —. Claude Neon (N.Z.) 2 12 0 MM Colonial Sugar 36 15 0 37 0 0 Coulls. Somerville 1 13 0 MM Consolid. Brick 0 12 6 0 13 0 Courtaulds 0 17 0 MM Dorn. Builders 0 12 0 MM Donaghy’s Rope .. 2 5 6 MM D.I.C., pref. 1 4 0 mm Dunlop, N.Z. Pref? , 1 1 0 12 0 0 17 6 Electro. Zinc, ord. 1 8 0 — Pref 1 7 0 13 0 Evans Atlas 0 17 0 0 18 0 Fletcher Holdings 2 1 6 “B” pref. 1 1 0 Frozen Products .. 0 7 3 MM General Industries — 2 10 Griffin and Sono .. 2 3 3 MM G. J. Coles 0 16 2 0 16 6 Hallensteins ■_ 1 15 0 Henry Berry 1 -3 0 —— Hay’s 3 7 0 3 7 6 Humes (N.Z.), pf. 1 2 9 MM I.C.I., A., N.Z., c.d. — 1 10 6 J Gadsden 1 10 0 1 10 6 Pref. 1 2 0 MMM J. J. Niven, c.d. .. 3 18 3 MM K.D.V. Boxes 0 12 1 MM K.P. Drugs 6 7 6 MM John Chambers .. 1 8 6 MM Maling. pref. 1 0 9 119 Mas., Struthers, £1 paid 1 19 0 McCaskey, pref. .. 0 18 3 MM McKenzies 1 0 9 116 Midland Mot., pref. 0 19 6 MM Milburn Lime 1 10 6 1 11 0 M.K. Mfrs. 0 13 0 — Mojris. Hedstrom .. 2 4 6 MM. National Electric .. MM 7 15 0 Olympic Consolid. Industries 0 7 6 0 8 3 N.Z.F. Fertiliser, x.d 1 17 6 MM Pref., x.d. 1 4 0 M— N.Z. Forest Prods. 0 14 4 0 14 6 N.Z. Industrial Gases, pref. 0 19 6 MM Norvic Shoes 0 11 0 0 15 0 Otago Daily Times 2 6 0 M— Petrous Tile 1 3 9 M— Quill Morris 1 2 6 Reid Rubber 0 19 5 0 19 8 Ross and Glendlning 2 18 6 MM Speedways 1 5 0 MM Silknit 0 12 0 0 15 0 Simpson, and Williams 2 18 G m— SRellerup, pref. .. Turnbull and Jones, 1 1 9 12 3 pref. 1 1 0 MM Trade Credits 0 14 9 mm Weeks 1 11 0 1 15 0 Pref. 1 1 0 12 0 Whakatane, ord. .. 1 0 6 MM Pref 1 1 3 MM Whit, and Tombs .. 1 8 0 MM Wm. Cable m— 1 13 0 Wilson Malt 1 2 0 15 0 Wilson's Cement .. mm 0 16 0 Woolworths, ord. .. 0 15 9 0 15 0 Rights .. 0 10 9 0 10 11 (N.Z.). ord. 1 3 0 13 9 (N.Z.), pref. 1 15 6 —— W R. Cooke and Son 0 11 0 mm Aust. Mining— Mount Lyell 0 14 6 —- Mining— Grey River Nganere .. 0 9 2 6 0 6 — Snowy River .. 0 2 7 0 4 0 UNLISTED STOCKS Buyers. Sellers. £ s. d. £ s. d. Airwork JN.Z.) .. 1 2 6 MM. Andrews and Beaven pref. 1 0 0 — , Ord. Colonial Motors 1 4 0 12 0 — Beaths (Is pd., 19s deposit! mm ? 1 A Buntings 1 7 0 MM Canty. Seed 1 8 6 1 10 0 Corv - Wright and Salmon mm 1 15 0 Pref 1 1 6 Lane. Walker Rudkin Industries .. 1 10 0 MM Mates Forests 0 3 0 0 3 1 N.Z. Motor Bodies 2 3 0 Tingey. R. and E. 0 16 6 —— Reece, Ltd., E., pf. 0 10 6 MM Prudential Build. 10 0 Scales, "C.° pref. 0 6 9 Wooff and Salveson, pref. 1 0 0 116