STOCKS AND SHARES WOOL MARKET JOHNSONVILLE SALE.

Evening Post, Volume CXII, Issue 81, 2 October 1931, Page 10

STOCKS AND SHARES

WOOL MARKET

JOHNSONVILLE SALE.

PRODUCE & MARKET REPORTS FROM DAY TO DAY

BUSINESS MORE ACTIVE

SALES OF THE WEEK.

"Evening Post," 2nrl O-ctober. Business in Government loans during iiie week has been done on a failing market, and would seem ,to reflect the fear, rather freely expressed, that a way will be found to tax the tax-free loans. However, there are-buyers of these debentures at' bargain prices. Bank shares, on the other hand, have improved in price, and the decline in the market value of the shares of the Bank of New Zealand appears to have been arrested. Certain Australian metal companies' shares show an' improvement in price, and have had a fair inquiry. For all other shares the demand at best may be described as only moderate. Government debentures, of which, no sales, have been notified, but for which there are buyers), include S'A per cent. Stock arid Bonds (1936) at £94 and £94 53 respectively; 5Ms per cent, btock (1941) were .wanted at £91, sellers £94. kales of Government loans were as follows:— • -4% per cent. Stock, (1939), £93 ss, £9i;"4% per cent. Stock,(l93B), £93 15s, £93%55, £93 10s, and VA per 'cent. Bonds £93 10s: 5 1-8 per cent. Stock (1937), £91 10s; 5 1-8 per cent. Bonds 1937), £92; s'/i per cent. Stock (1935), ■ £94 10s; 5V4 per cent. Stock (1937), £95 5s £95, £94 10s, £94 17s 6d, £94 10s, £94 7s 6d, £94 10s, £04 12s, £94 10s; 5% per cent. Bonds (1937), £"95 2s 6d, £95, £94 17s 6d, £94 15s, £94 12s 6d, £94 15s, £95; 5% per cent. Stock (1933), £96 15s, £96 10s, and 5M per ' cent. ; , Bonds (1933), £96 10s, £96 15s. ; Local body loans , were quoted mainly by sellers, but there were bids for 4% per cent. Chris'tchurch Trams (1934) at; £89 sellers £94; for 5% per cent. Wellington City (1940) at £96, and 5% per cent., Auckland City (1944) at £92. Prom the: appearance 6£ the Exchange lists issued m all four centres there is a general - disposition to dispose of holdings of local authority loans. The only sales reported, Versper fc^°TAuckland;City (1936), £94. Company debentures *ere offering freely, But; those 'having buyers were 6%- per cent.' Wellington Gas (1931) at par, 5' per cent, and 6% per cent. Auckland Gas (1932 and 1935) at '£97 and £100 -respectively; 6/3 per cent. Gisborne. Sheepfarmerts (1941) at £67; 10 per cent. New Zealand Breweries,-21s 3d; and 6% per,cent. New Zealand Farmers' Co-op. (1945 and 1940) both at £40, no sellers. . . BANKS, INSURANCE, FINANCE. Bank shares for which there was inquiry but'of which no sales were reported were: National of Australasia (£10) at £9 2s 6d sellers Quoting £9 17s 6d; Commercjial of Australia, preference, afc £5 10s buyers, £6'los sellers; Bank of New Zealand D or long terra shares at 25s 6d, ,but no letters'. -.Business, done'in bank shares during 'the. week was as follows:— , ' -. ■ : Bank of New Zealand, 42s 3d, 435, 42s 6d, 42s 6%d, 42s 10% d, 435, 43s 6d, 43s 43s Bd, 44e,'44s Id, 44s 2d; National Bank of, New Zealand, 70s 4d, 70s 6d, 71s, 72s 6d; Union Bank, £6 I2s 6d, £6 15s, £6 15s 6d, £6 15s; Bank of Australasia (cum. div.), £8,.£8 3s; Bank.of-New' South Wales,' £25.2s 6d,. £25; Commercial of Australia (ord.)', 13s 4d, 135.5 d. 13s 4d, 13s 3d, 13s Id, 13s 2d; E.B. and 4. Bank,' 675, !70s, 755; of Australasia- (£s),' £4:55; Australian Bank of Commerce, 13s 3d;. National Bank of Australasia (£5), £4 ss. v ' Insurance company shares attracted but little attention, but.there were inquiries for A;P.A.'s.at 3s, sellers, asking 4s 9d; Queensland's had buyers 255, holders quoting 365. Standards had buyers at 34s' 9d, no seJie^if l :.SaJes.^were^notified :^aP - tollows:—'""' —.--..— --^ . .. 'New Zealand Insurance, 37s lid, 37s 9Vlr South British-,- 50s 9di National, 11s 9d. . ; ,■•'■■'■ Financial and stock and- station companies' shares wanted were-New Zealand Guarantee Corporation (pref.) at 20g 3d, with no disclosed sellers; Farmers'. Auc-tioneering-(B pref.) wanted at-lls, sellers 12s 6dy Business done in this section was reported- as -follows:—'. . . ■."-. • ■ ; • Dalgety and Co.. £6 'ss; GoldHbrough . Mor.t, 20s, 215,-205,.21s 3d, 21s od; New Zealand and River Plate Land, 20s 6d; New-: Zealand - Guarantee Corporation : (8s),:;5s; 5s 2d/ / ■■■•■'■ ' --.-,' COAU, GAS, AND OTHERS. . Inferest.in'coal mining. shares was slack, ■with inquiries for Taupiris preference at 21s;"other quotations of coal shares being .those of sellers. Sales were as follows:^ -.■'. ■■ . . . .. ' - ■ ■ Westport, 22s 6d; Pukemiro, 28s 6d. ■ Gag':shares w-ere quiet, with bids of 235. lOd ;to 24s for Ghristchurch, .sellers 255. Sales were as, follows:— . Auckland, 23s 2d andicontributirig 17s. But very little interest is being shown in shipping shares, but there were offers to take-Huddart-Parker ordinary, at 17s 6d, sellers 21s. 3d.' Sales were as follows:— ~ •■"■' P. dncl' O. deferred, 225; Devoriport ■ Kerry, 15s'.' '■'■■■ '''■'■■ • ■, Brewery, shares had some inquiry. For Fosters, Melbourne, 30s.was offered, with no sellers. Tooheys were also wanted, and- bids of 32s failed to result; in \' business.; Sales of brewery shares were reported as follows: — ' \ '..[■ N,ew Zealand.' Breweries. 29s 6d, 29s "Sd.SOs; Staples, 23s 6d; Tooths, 17s 7d. INDUSTRIAL AND •GENERALWoojlen company shares-were neglected. . Sellers of. Kaiappi (17s paid) quoted (fs lp.d:.; There were'sales as under:— ~ .. .Wellington-Woollen (pref.), 84s. :,. . Meat-shares were quiet.. Buyers offered 23s'6d for' Gears., without business being repdrted -For the £ I paid share's of New Zealand .Refrigerating' 10s was ; offered, sellers, quoting 10s lid. • Sales were 'as follows:—,'. • v - ■•;■'■■',• ' ' ; ■" .' . New Zealand" Refrigerating (10S), '3s , ;6d, 3s,»d,'3s lOd. .• ' ' Shares in various other companies changed hands as under:— ' '"British Tobacco (ex div), 22s 3d, 22s 2d; Colonial vSugar, £32 10s; Electrolytic Zinc- (pref.), 15s 9d; New /Zeaalnd ,Drug, 425-Pd, 42s 6d, 42s M; Wilson's Cement. 3Sh 9rl > ■

Messrs. Wright, Stepbfinson, and- Co,, Ltd., and Abraham and Williams, Ltd., report on■ Johnsonville sale held 29th tember as follows: —"There, was the usual attendance of buyers, to whom we offered .'atii average yarding .of all classes of stock. Good quality bullocks met with a keen ;demanrl at prices in advance of last ■week's .rates. Plain and unfinished sorts were, dull .of sale. The quality of the cows and heifers .was not up to the. usual standard, and the demand was slack. Wethers met with a fair demand at last week's fates. There was a small yarding of'ewes, and as a. consequence'prices were firmer by Is per head as compared with last week's rates. Spring lam by came forward in larger than formerly, and prices^vere easier, ("food, black-faced hoggets were keenly sought after, but plainer, sorts were not in demand. We quote:. Prime heavy bullocks, £13 (single) £11 10s, £12 7s 6d, £12 (is, £12 2s 6d, £12, £11 Ise, £11 10s; medium bullocks, £10 10s,. £10 ss, £10, £9 12s 6d, £9 ss; light'and unfinished bullocks, £8 10s. £8 os, £7-10s, £7 fls, £7 2s 6d, £6 15s:'prime heavy cows and heifers, none yarded: medium cows andi heifers, £7 10s, £7 7s, .Gd, £7 2s-6d,' £G 15s; ligljt aud unfinished cows .and heifers, £5 7s fid, £5 2s 6d, £4 15s; boner cows, 12s 6d, 15s;- vealers, £'2 10s; calves,' 14s; prime heavy woolly wethers, 18s 9d, 18s 7d, 18s 3d; prime heavy shorn wethers, 17s od, 17s 3d, 10s. lOd; medium woolly wethers, las Od, Ins 3d, 14s 9d,;.l4fi'4d: medium shorn wethers, 16s, 15s 4d, 14s 6d; light and unfinished woolly wethers, 13s 7d,.138 3d, 12s lOd: light and unfinished shorn wethers, 13s 2d, 12s 6d, ljs 8d; heavy, hoggets, 17s 6d, 17s. IBs 9d; light hoggets, lls 6d, 10s 9d, 10s Id: heavy spring'lamb*, 195,-18s 6d. 18s 3d. 17s 9d; spring lambs, 17s 3d, 16s 9d, 16s 4d, 15s 7d, 14s 8d; light sDring lambs, 12a od, 11s 3d, 10s 7d."-