WEEK REVIEWED

Auckland Star, Volume LXXIII, Issue 120, 23 May 1942, Page 3

WEEK REVIEWED

bank shares benefit

IMPROVED TURNOVER

lha « . a ! e business was transacted on veolf ■ Stock Exchange during the trater'i , lavcst ? rs . attention concenlaigely on banks and insurances. " as an appreciable increase in hut dlir. OVer . that , of the previous week. dealings in gilt-edged remained very !"„ oo w n S to the paucity of offerings. mtrf£J lly the tone of the «oro L"i as Z ll " 1 "- but some irregularities rio. 1 ? 'dent consequent on lower diviannouncements and concern regardLmendments eetS ° f the lateSt taxatl °n -11 I B V ■ °. r ' J iori0 r i fl ° wed freely for almost fikn banks, including counters \a?ionnu m T r x- lals nof Australia and hoii 1 ° ew Zealand, which have o?or c)oi '. rnant for some time. Sellers, howv,.L i Sn tltipting, mostly held aloof. iicaMv simH? X Z w ? re acti\e at prac-g-iin no. -h ,lar V r ' cc leve,s - the latter ri is/7- KV7 II , he week 's turnover. At tl r. l'Vi arcs are stiu 3/3 below > uvJi • « B Insurances, also, disivitv,. hrn tendency, though activit\ was restricted. h^ ain , 1 fo;il, . l i' e of th o week in Dominion ,:,-io' rf r ■ s jf tba(k suffered bv brewoiies following the cut in N'.Z. Breweries' for *1 h : ' n<l the fall in Wilsons Cements i°r the same reason. Otherwise the market showed little change. There was u ln " of - ln 'erest in the Woolworth scares in the New Zealand com*iv moving up to 13/ after a long ' f, . 0m t ,h ,° sales list. On the whole le.iding Australian issues developed a u'hi, C h J rend. Broken Hill Proprietaries, divrln.-,, C 11 fiult sinc 'e the lower dividend announcement, made a forward SC.5 C . o°, ( .' han ge hands at £1 13/6. Coles A t.I. s were also a little brighter. I.ATKST SALES Sales since last review are:— n? an S s .— z - £1 18 ' '2>- £l 18 3. £1 18'4 !?!: «! '^s^ Bank NZ - £1 18 ' _ Insurance.—N.Z.. £3 4' (2): National ls/fitlSh' 14 9 i 2 - Standard. £3. (nref V r"i a ? • ° A ver ? eas -- A »f. Iron and Steel ii p"oPer^ nSOI, £ d f Hll? l»ropnctary!' jPi fi " 73; Minlnß. —Emperor. 8': ?/it. Lyeil. £13 6 DonUnioii -Berld (N.Z.). £3 8 6 (2): Fletcher Ho'dingj (pref.). £1 i/ ; Woolworths (N.Z.), Zealand Breweries. £1 11,6* Wilsons cement. 17 9. 17 : Auckland Gas (con.)', Tn k News papers. £1 10 4 lex. dtv.), £1 wLiii No "h ern Roller (pref.) £1 4 : Bruce Woollen. £1 3 3 (2); N.Z. Guarantee. 2 7 m S? B , nd debentures.—War Loan. 110 53 £90 ~5 9 -. 46 " 48 ' 3 per cent - StOO; Amaleamated Br.ck (Auck.), 1 3. 44. 6 per cent, £101 Unofficial.—Marky Caldwell Pronerties, 15/. TREND OF MARKET The following table indicates the fluctuations in the values of various securities;— BANKS May 23. May 15. May 22. 19*11 1942 1942 Commercial £ 13 n £ .13 f 0 £ .J4 £ National N.Z. ... 114 0 *1 17 0 lin 1 New South Wales 28 0 0 27 5 0 28 0 0 New Zealand 117 6 118 0 118 6 MISCELLANEOUS N.Z. Insurance . ... 323 340 340 South British 211 6 214 9 214 9 J C ,I 220 200 200 Broken Hill Pty. .. 2 2 4 «1 13 0 113 6 ®. y t cro t f ts ? 311 *2 2 0 >2 2 0 Mt. Lyell 166 136 139 Auckland Oas . . 510 7 0 t7 n Farmers' Trading .. 103 106 '106 Dom. Breweries .. I'B 9 1 6 3 >15 0 NZ. Breweries 111 3 111 6 till 6 G .1. Coles 316 270 273 Wilsons Cement 19 2 17 9 *12 3 CoHnial Sugar .. 52 10 0 t45 0 0 t45 0 0 Woo! worths— •5 5 13 4 *12 8 13 0 Sydney 16 2 13 9 13 9 GOVERNMENT STOCK 106 10 0 108 0 ° 'on 0 0 ;® 43 "55 1" 0 0 100 12 6 '100 15 0 1053 " 51 101 2 6 *103 0 0 *103 5 0 • Bu:'ers. f Sellers.