STOCKS AND SHARES

Evening Post, Volume CVIII, Issue 131, 29 November 1929, Page 14

STOCKS AND SHARES

A DULL WEEK

INVESTORS MARKING TIME

'•Evening Post," 29th November

.'^Business -■ continues dull- on the Stock Exchanges of the Dominion, and it would appear as if investors were marking time until after . the holidays. A number of new ventures are on the local market, 1. there are more .to come, but whatever attention and support may be given to.them, the fact that the shares of many old-established -enterprises regularly dealt in;on the. Stock Exchanges are neglected'for :the time being. There has been a fair turnover in shares of the Commercial Bank ; of Australia, and those of Goldsbrought Mort and Co., but the Government- loans inquired for include 5M per cent, stock (1941), at par; 4V£ per cent, stock (1939), at par, sellers £100 10s; 5% per cent, stock (1932), at £99 10s. Sales have been notified as follows: 4& per,cent. Stock (1938), £100, £100 2s 6d, £100; AVz. per cent. Stock (1930), £99 15s; 4%, per cent. Bonds (1935), £100 2s 6d; 4% per cent. Bonds (1939), £100 2s 6d. Local body debentures were quiet, but there were buyers of the following: 5% per cent. Christchurch Drainage Board £100 10s; 5% per cent. City of Auckland £t £100 10s; 5Vi per cent. Auckland Harbour Board, at £99 10s. There was a sale, reported of 5% per cent. Auckland Harbour Board (1948), £101 10s. Company debentures wanted were 8 per c£nt. Wellington Racing Club at £107 Williamson's Films at £100, sellers £104 10s; 6% per cent. New Zealand Farmers' Co-op, at £90, sellers £91 10s. There were reported sales of 10 per cent. New Zea-land-Breweries at 28s 3d, 28s 4d, 28s 3d

ll BANKS, INSURANCE, FINANCE. j'j .:?al^k shares were quiet, with, if any- ;,! thing, a" downward tendency in price a Australasias were wanted at £13 13s 6d, r,: Jo declared sellers; buyers offered 28s 2d si. *°:'2& 3d'_for the D shares of the Bank \'< gt,,JNew' Zealand, holders quoting 295. h Sellers of Bank of Adelaide asked £9 5s !;; buyers not bidding. Sales were as follow • Si Ba.nk.pt New Zealand, 60s; National of W .Zealand, £6 16s, £6 16s 6d; Union S*i? B 6d> v £U 6s 6d> £1* 3s «. and k { Mf. b- leS-), £14 Ss; Bank of New South 1 Wales, £48,- £47 ss, and (Syd. reg.), £47 ft iffi Commercial of Australia, 27s 7d, 27s ' I?Sa 27|r 81fc 275. 7d' 27s 6d- 27s 5d- 27s 3d, i|! 27 5 ;2d, 275,1 d; E. S. and A. Bank, £7 15st,; Commercial- of .Sydney,, £24 ■ 10s; Austra- * m -s??^ of, Commerce, 31s 3d, 31s, 31s i; National of Australasia (£5), £8 jj; -Insurance company shares were easy in ; price,-Queenslands having buyers at 58s 1 6d; no sellers. The annual report of this {•; company indicates fair business, and the {-: same dmdend of 12% per cent, as in ffifSSV f Sel!?? s.of insurance shares « S^Jt* m !° S, for Umted; 3Os 6d.for Mer:j . g^k Mutual; 12s 6d for A.P.A., 64s : 6d for Standards; and 15s 9d for Nationals, during the week were 't! s ' '^Z . Z. e? land Insurance at 465, and - South, British at 64s 6d. j. and stock and station com!i P^ysnadesin demand were Wellington j. Trust and Loan, £7 2s 6d; Wellington I: 5??° slt and Mortgage, 10s; Abraham and I Williams, (pref.), 92s 6d, buyers in Auck- |, land, and sellers 90s in Wellington, and the i fiame ; price quoted for the ordinary shares ■! °*. ithia. company. National Mortgage I -were wanted at 84s, sellers 86s. New '- Zealand and River Plate Land had buyers sellers 32s 6d. Sales were notified as follows:—Dalgety, £13 16s, £13 14s ___-£iai2s. 6d, £13125,.£13105; Goldsbrough Mort, 43s 3d. 43s Id, 435, 43s 4d ex "rights," 40s 9d, 40s Bd, and "rights," , Bs, 7s . lOd, 7s 6d, 7s lOd, 7s 9d; Dominion Investment, 20s 6d; New Zea-land-Guarantee Corporation (8s), 8s 7d. COAL, GAS, SHIPPING.

;Coa] mining shares were a dragging Market.' Hikurangi buyers offered Is 6d ;-forrordinary and 3s for preference, holders not -quoting. Sellers of Waipas wanted 15s, no declared buyers. Pukemm>B- were wanted at 71s, no declared sellers.- r Taupiris were in request at 28s Bd., . . Sales were as follow:—Westport ■ (cum., div.), 335; Grey Valley, 26s lid, 275: Benown . (pref., new, fully paid), 3s. ■Gas shares in demand included Wellington, preference at 18s 7d, no sellers; but Kplders of the ordinary shares had reduced ftheir ' quotation during the week :from.: 33s 9d to 32s 9d, buyers unrespon-. •;siye-. ■ ; Christchurch had buyers at 265. ; Saleg were as follow:—Auckland, 255, 25s Id, ; and contributing 18s 9d. Shipping shares were stagnant, with ■ellers of Huddard-Parker ordinary at 42s 9d, but buyers of the preference issue at £1, no sellers. Howard Smiths could have been bought for 225. Devonport JEferry shares were offered at 23s 6d, buyers 32g ~6d. Sales were confined to P. and ..O. deferred, 535. . MEAT, WOOLLEN, AND OTHER. Business in meat shares was dull, probably in view'of the depressing annual reports: of several of the companies. Sellers of;' Gears wanted 43s 9d, buyers not bidding. There were sales of New Zealand . Refrigerating (£1 paid) at 12s 9d. Holders :of the 10s shares were prepared to take. 5? :9d.. '..-.-. .Wellington Woollens sellers quoted £6 lOf, ■ no: buyers. Mosgiels were wanted at.; £7 11s, no sellers. There were sales .0£.,(17s paid) Kaiapois at 12s 6d. Timber shares were very quiet. For Kauris 15s was offered, sellers 18s. Bar- . thblomews were wanted at 20s 9d, sellers 235. Sales of Nationals were made at 8s '"*d.;-' •:..:,■ -.-... . ■Breweries were not run after, but 'buyers of Carltoris offered 42s 6d, or a shilling under sellers' quotation. Tooths could have been bought for 465, but there were no bids. Sales were made as follow:—New Zealand Breweries (cum. div.) 885:4d,-88s, 87s 9d, 87s Bd, 88s, 87s lid; j Staples, 535. MISCELLANEOUS. In the miscellaneous division there was ▼cry little doing. Australian Glass had buyers at ,31s 6d; Milburn Lime was wanted at 355, .buyers of Australian Iron and Steel (pref.) offered 20s 3d, sellers 20s 9d. Sales were as follow:—Australian Distilleries, 21s 9d; British Tobacco, 455, 44s 3d, 445; Electrolytic Zinc (ord.), 345; Farmers' Trading (Auckland), 9s; "Herald and Weekly Times" (Melb., ex. div.), £5 ss; Wilson's Cement; 41s 6d. ■ Taranaki Oilfields, 4s Id. MINING. The business done in mining shares was limited,'but the following sales were notifield: Waihi, 12s Bd, 12s lOd, 12s lid, 13s, 12s lOd; Mount Lyell (cum. div.), 42s 9d, .. 42s 6d, 42s 3d, 41s 6d, 41s 4d, 41s 2d; Maf. . hakipawa, 4d; Okarito (premium), Is 7d; ifV Kildare/ls 6d, Is 7d, Is 9d Winding Creek I V&&), Is 6d.