COMMERCIAL Confident Opening Tone Of Sharemarket

Press, Volume XCV, Issue 28264, 30 April 1957, Page 20

COMMERCIAL Confident Opening Tone Of Sharemarket

A confident tone was evident on the sharemarket when New Zealand Stock Exchanges reopened yesterday after the Easter recess. A small volume of business was done but most shares were firm or firmer on quotation.

Amalgamated Wireless, in a late sale on April 18, were fractionally firmer in Christchurch, and yesterday’s sellers raised their limits. Woolworths made good gains in sales in Christchurch and elsewhere. Ampol and Waltons sold at prices below those last recorded in Christchurch.

Shares which improved on quotation were Ballins Breweries, Christchurch Gas, ex div, Huddart Parker, Coles and Whitcombe and Tombs. No Government stock changed hands in Christchurch, but yields on stock sold in Wellington all showed a drop on pre-Easter levels.

N.Z. SHARE TRANSACTIONS

CHRISTCHURCH Sales on ’Change: Listed Stocks £. s. d. Var'n. 199 Ampol .. 0 8 3 —3d 300 W’wths. N.Z. (2) .. .. 10 3 N.C. Sales Reported: Listed Stocks <4OO 3 p.C., 62-64 .. 89 15 0 600 N.Z.F.C., A of. 0 15 0 N.C. 1500 A.W.A.* .. 0 8 1 4-Id 300 Waltons .. 0 14 0 —6d 600 Weeks, pf. .. 10 0 200 W'worths .. 017 6 4-7 d • Late sale April 18. AUCKLAND Sales.—Yesterday: 100 South British, 89s: 220 Newton King, 14s 9d: 350 Wright, Stephenson, 41s; 100 Kauri Timber, 225; 250 Berlei. 46s 9d; 50 Colonial Sugar, £37 15s; 200 Cox Bros., 4s 6d; 100 Farmers’ Trading. 40s 3d; 200 J. Watties, 265; 147 M.K. Mfrs.. 10s 3d; 1000 Tip Top, 16s: 200 Wilson Cement. 13s 8d; 900 Woolworths. Sydney, 17s 7d. Unlisted: 350 Hellabys, 50s 6d: 300 Kaipara Forests, 3s 6d; 200 Maple Holdings, pref., 18s 6d. WELLINGTON Sales.—Yesterday: £320 3 per cent., 1957-60, £96 17s 6d; £lOOO 3 per cent., 1959-61, £94 ss; £BOO 3 per cent., 1962-64, £9O: £BOO 3? per cent., 1959. £9B 2s 6d; £3OO Tasman 5 per cent., 39/9/64 (2 sales). £9l ss; 100 N.Z. Breweries (2 sales', 47s 6d: 450 Wright, Stephenson and Company, 41s; 300 Alex Harvey, 31s; 200 Aulsebrook, pref., 19s xi; 600 McKenzies (3 sales), 25s 6d; 800 Woolworths. Sydney (4 sales). 17s 7d; 1000 at 17s 6d and 900 (2 sales>. at 17s 8d; 100 Wool worths, N.Z., 20s 3d; 1000 Bonds Hosiery (2 sales), 17s-3d. DUNEDIN Sales.—Yesterday: 2500 Wright. Stephenson (5 sales), 41s; 100 G. J. Coles, 20s 9d. Sales reported: £2OOO 4 per cent., 15/8/65-60, £94 15s; 300 Wright, Stephenson, 41s; 200 Dominion Rubber, ex div., 22s 6d; 100 Fletcher Holdings, 30s; 6C-0 G. J. Coles, 20s 9d.

OVERSEAS EXCHANGES SYDNEY Key industrials, textiles, and Commonwealth loans were weaker on the Sydney Stock Exchange yesterday. Oils and uraniums remained steady and metals were irregular. Sales.—Com. of Sydney, £2O 9s; National Bank, 12s 6d pd., 20s 3d; Bank N.S.W., £34 17s 6d; Tooheys. 22s 6d; Tooths. 465; A.W.A., 9s 7d; A. Hordern, 29s 6d; A.C.1., 61s; British Tobacco. 34s 3d; 8.H.P., 475: Drug Houses. 30s 6d; E.Z. Ind., 22s lOJd; Gen. Ind., 16s 3d; G. J. Coles. 265; Waltons, 16s 7Jd; Woolworths. 22s IJd; Mount Lyell, 275; Mount Isa. 37s sd; Ampol Pet., 10s 4d: Assoc. Oil. 2s; A.0.E., paid. 4s 6Jd; Ooil Search, 10s 3d; Emperor. 7s 6d: Peko. 8s 2d; N.U.D., 10s 2d; Com. Mining. 12s 2d. MELBOURNE A variable tone was recorded in the investment section, although movements were mainly narrow. Turnovers were not heavy but sales covered a fairly wide range of stocks. Metal stocks were slightly easier, but other mining groups were quiet around steady rates. Sales.—Comml. Bank. 17s 9d; General Motors, pref.. 21s lOd; Carlton Brewery, 22s 3d; A.W.A.. 10s; Goldsbrough, new, 335; G. J. Coles, 2Gs Id; Myer. 19s Id; Myer (S.A.), pref.. 295; Woolworths, 22s 3d; Ampol, 10s 3d; 1955 issue, 9s lid. new 4s lOd. and pref. 19s 8d; Assoc. Pulp. 375; A.C.1.. 61s 3d; A.P.M.. 25s sd, and pref., 19s 8d: Bradford Cotton, 40s 9d; 8.H.P.. 47s 4d, and new 475; Colonial Sugar. £45 12s 6d; Courtaulds. 19s 8d: Drug Houses, new. 19s 9d; E.Z. Indust., 235; Felt and Textiles, 245: General Indust., 16s 6d: Henry Jones. 60s; Herald. 22s 4d: Humes, 49s 9d; 1.C.1., 49s lid; Kauri Timber. 275; Olvmpic. ?<? 3d; Broken Hill South, 94s 3d: Mount Isa, 37s 6d; Mount Lvell. 275; North Broken Hill. £7 16s; Commonwealth Mining. 12s 2d; N.A.U.C., ss: Uranium Mines. 10s 3d; Emperor Mines, 7s; Oil Search. 10s 2d; Santos. 6s 2d.

QUOTATIONS IN CHRISTCHURCH

Stock Sales PLEASANT POINT “The Press" Special Service TIMARU. April 29. Values remained unchanged for the 80 head of mixed quality fat cattle at Pleasant Point sale today. An overflow yarding of 1000 fat lambs and six races of fat sheep met very keen competition, values for the mixed-quality entry of fat lambs fully reflecting the recent schedule rates. The offering of store sheep was a large one made up for the most part of wether and ewe lambs, including numerous pens of tail-end lots. With the aid of outside competition, values held firm. Values were:— Fat Cattle.—Fat steers, good £2B to £33 12s 6d; light to medium £lB 12s 6d to £27 17s 6d. Heifers: prime, £l9 to £24 2s 6d. Cows: prime, £lB to £2l 12s 6d; light to medium, £ll to £l4 12s 6d. I Fat Sheep.—Wethers, prime 105 s to I 120 s Id: medium. 94s Id to 104 s Id; li-ht. 78s Id to 93s Id; Ewes: prime. s"s Id to 63s Id; medium, 47s Id to 156 s Id; lieht, 38s Id to 46s Id. Lambs: prime. 74s Id to 77s Id; light to 'medium, 60s Id to 69s Id. ! Store Sheep.—Woolly hoggets: ewes, 42s 6d to 89s; wethers. 40s to , 63s 6d; shorn wethers. 28s to 56s 6d. Two-tooth wethers, 75s to 87s. Full and failing mouth ewes, 50s to 68s 6d.

Buyers. £. s. d. Sellers. £. s. d. N.Z. GOVT.— 3 p.c., 15/4/60-62 92 0 0 — 3 p.C., 15/4/60-63 .. 90 12 6 — 3 p c., 15/7/62-64 .. 89 17 6 90 0 0 3 p.c., 15/7/63-65 .. 88 10 0 — 3 p.C., 15/5/64-66 .. 88 0 0 — 3j p.c., 15/1/56-59 98 0 0 — 31 p.c., 15/6/59-60 97 10 0 ■ ■ 32 p.c.. 15/5/02 .. 96 10 0 — 4 p.c., 31/5/54-58 .. 00 2 6 — 4 p.c., 15/8/65-66 .. — 95 0 0 LOCAL BODY CO. DEBS.— Waimairi C.C.. 4J p.c., 5/4/65 97 0 0 W aimak. River Trust, 44 p.c.» 1/10/69 — 92 0 0 BANKS— A-N.Z. .. 1 16 6 — “B” .. 1 19 0 Comm, of Aust. .. —. 0 15 0 Nat. of A'asia, 12s 6d. c.d. 0 16 0 0 16 10 Nat. of N.Z. 19 0 — BREWERIES— Ballins, ord. 1 11 0 1 12 e Pref. .. 0 19 9 10 9 New Zealand 2 7 3 2 7 6 FROZEN MEAT— Canterbury 26 le 0 — Pref. .. 6 5 0 - ■ South Otago 8 7 6 — N.Z. Refrig. 2 0 1 — Southland 3 7 0 — Waitaki 1 11 0 Canty., cont. 22 15 0 — Auckland, 5s pd. 0 5 6 Chch., ex. div. .. 10 0 115 Wellington 1 15 0 — INSURANCE— F.A.M.E.. pref. .. — 19 6 South British 4 7 9 4 8 9 LOAN and AGENCY— C.F.C.A., ord. .. 17 0 18 6 Pref. .. 2 15 0 3 0 0 Credit and Fin. 12 0 Dalgety, “A,” x.d. “B,” x.d. 0 13 7 0 13 5 Invincible Bldg. 4 8 6 Nat. Mort.. "B” 0 8 0 — N.Z.F. Co-op. 0 14 11 0 15 3 *A” pref. 0 14 10 0 15 3 “B” pref. 0 14 9 — 4»» p.c. Stk., ’60 95 0 0 — Farmers’ Finance — 116 N.Z. Guar. Corpn. 0 2 3 N.Z.L. & Mer., pf. 0 12 6 — S.L Finance 19 6 — Wright. Stephen. SHIPPING— 2 10 2 13 Mcllwraith. pf. .. 0 15 3 Huddart Parker .. 2 2 0 Pref. .. 0 15 3 Northern 0 10 0 Union, pref. 12 6 — TIMBER— Kauri 116 WOOLLENS— Feltex 0 19 0 Lane. Walker Ind. 1 15 6 Pref. .. 10 1 Timaru 13 0 Wellington 1 14 0 MISCELLANEOUS— Airwork 13 3 Pref. .. 119 Alloy Steel (N.Z.) 2 6 3 Ampol 0 8 3 Andrews and Beaven 110 Pref. .. 0 18 3 0 19 0 A.W.A. .. 0 8 3 Aust. CJ. 2 9 0 Broken Hill Pty. 1 17 6 Bums. Philp .. 2 10 0 : Cox Bros. 0 4 0 Consol. Brick. 0 13,0 Coulls. Somerville 1 13 0 Courtaulds 0 16 0 Cyclone Fence .. 1 10 0 Pref. .. 10 0 Dom. Builders 0 10 0 Cyclone, cont. 0 13 0 0 13 1 Donaghy's Rope 2 6 9 D.I.C. 0 16 6 Pref., c.d. 10 3 E.Z. Ind. 0 19 0 0 19 6 Evans Atlas 0 13 3 0 14 6 Farrier - Waimak 0 16 6 0 18 0 G. J. Coles 10 7 Gordon and G. .. 0 15 6 Pref. 0 5 0 Greater Cry stal .. 10 3 Griffin and Sons 2 2 0 Hallenstein Bros. 1 13 0 Hauraki Whaling 0 5 0 Hay’s. Ltd. 12 9 Pref. .. 10 0 Harlev 1 14 6 I.C.I.A.N.Z. 2 0 3 J. Gadsden 1 16 6 K.D V. Indust. 0 10 9 — Mason, Struthers 17 0 19 0 McKenzies 15 3 Midland Mot., pf. — 1 0 0 National Elec. 7 0 0 N.Z. Forest Prods. 0 17 3 Pref. .. 0 19 0 — N.Z. Indust. Gas 1 13 0 1 15 0 Relax, pref. 0 9 6 Quill Morris 16 7 Reid Rubber — 19 6 Wittome, Stevenson 14 6 . — Tasman .. 12 6 Turnbull & Jones, pref Vltimate-Ekco 0 17 9 0 17 6 Waltons 0 13 9 0 14 2 Weeks 0 19 6 Waltons, cent n 12 3 ■ Whakatane. ord 0 19 6 P T ef. 0 19 6 Whit, and Tombs 1 1? n Wm Cable Hldgs. Will. Jeffery 14 3 —

Buyers. £ s. d. Sellers. £ s. d. MISCELLANEOUS W’worths, ord. .. (contd.) — 0 17 6 (N.Z.), ord. 10 2 (N.Z.) Pp., pf. 110 — W. R. Cooke and Son 0 17 9 - Wilcox 0 4 6 — OVERSEAS LISTINGS— W’worths (S.A.), “A” .. 0 14 6 AUST. MINING— Commonwealth .. 0 9 9 Mount Lyell 113 — UNLljpfcD STOCKS Buyers Sellers £ s. d. £ s. d. Booth, Macdonald 0 0 9 Buntings 1 10 3 — A.P.A. 2 10 0 — Canty. Seed —- 19 0 Ch.Ch. Press —— 14 10 0 Hellabys 2 9 6 — Mercer. J., pref. __ 116 N.Z. Motor Bodies 1 16 6 R. and E. Tingey — 0 7 6 Rotovators 0 12 6 Vibrapac Blocks 14 0 —