PRODUCE & MARKET REPORTS FROM DAY TO DAY

Evening Post, Volume CXIII, Issue 30, 5 February 1932, Page 10

PRODUCE & MARKET REPORTS FROM DAY TO DAY

! STOCKS AND SHARES

I! SALES OF THE WEEK

AUSTRALIAN MARKETS

•'[ SYDNEY, 4th February. .:' On the Sydney Stock Exchange to-day ',: Commonwealth Bonds made a good re- '■: covery, the four per cent., 1938, gaining : 16s 3d. Other issues were much firmer than yesterday, buyers being eager to avail themselvea of small parcels rushed : on the market by nervous holders who ;| were influenced by the uncertain trend ;of political and financial events. It is ; regarded as unlikely that normal conditions will obtain until the Loan Council has .finished its deliberations. !■ Bank of New South Wales sold at £30; Union Bank, £8 Ss; Colonial Sugar, £43 ;; 14s; United Insurance, £8 15s; Huddart- ;'; Parker, New Zealand delivery, 295; New r Zealand Government 5% per cqnt. 1937 ; debentures, £112 10s; Millaquin Sugar, i 25a; Burns, Philp, 395; Carlton Brewery, :: 30s l%d; Henry Jones Co-op., 2Ss; British :i Tobacco, 30s 3d; Australian Provincial Assurance, 4s 9d; Goklsbrough Mort, New v Zealand delivery, 2Cs 6d; Australian Gas : A, £5 15s; Dunlop-Perdriau, 12s sd; Mount ;, Lyell, 235; Zinc Corporation, 30s 6d; ; Broken Hill-South,-46s 3d.

Morning sales:. Commonwealth 'bonds, 4 per cent., 1938, £93; 1941, £92 10s; 1944, £92 7s 6d; 1947, £92 15s; Bank of New South Wales, £30; Farmer's, 9s 6d; Goldsbrough Mort, New Zealand delivery, '26s 6d; Kandoa Cement, 13s. . MELBOURNE, 4th February. ; Early sales: Goldsbrough Mort, 26s 7%d; Metropolitan Gas, 102s; Carlton Brewery, 30s; British Tobacco, 30s 3d; Dunlop-Perdriau, 12s 7d; Electrolytic Zinc (pref.), 23s 8d; "Herald" and "Weekly Times," 41s; Broken Hill South, 46s 9d; North Broken Hill, 68s.

"Evening Post," sth February. The stock and share markets of the Dominion this week have reflected the uneasy state o£ mind of the investor in general. As will be seen hereunder, a fair amount of transfers have been effected, but the market is lacking in tone and the cause of this no doubt is to be sought far beyond New Zealand. The investment markets of Australia, too, have a weaker tone to-day than they had a week or so back. The average investor appears to still lack confidence in the market; and besides the heavily increased income tax has now to be met immediately and that in many cases on an income much reduced since 31st March Jast. Inquiries for Government securities included buyers of 4% per cent. Bonds (1939) nt £94012s 6d and for Stock of the same maturity, at £94 17s 6d. Rural, Advances 5 per cent, debentures (1947) -were wanted at £86, reduced to £85 10s. Sales of Government loans were made as follows:— 4% per cent. Stock (1938), £94 15s, £94 17s 6d, £95; 4% p.c. Stock (1939), £55; 5% per cent. Stock (1941), £97; 5V* per cent. Stock' (1933), £98; 5% per cent. Stock (1936), £99 10s, £99 17s 6d; 5% per cent. Stock (1937), £99 10s, £100, £100 ss, £100, £99 17s 6d, £99 15s, 5100; 5 1-8 per. cent. Stock (1937), £96 165;'.5% per cent. Stock (1933), £99;-5% per cent. Bonds (1933), £98 los. V Local authority loans for which there were inquiries included 5% per cent. Auckland City (1944) at £97 10s; 6% per cent. St. Kilda Borough (1932), £105; 5% per cent. Christchurch City (1944), £97 10s;

5% per cent. Dunedin City (1944), £98 10s;

5% per cent. Wellington City (1944)-, £98 10s; 5 1/! per cent. Wellington Harbour Board (1940), £98 10s. Other local body quotations.were those of sellers and were fairly well distributed over the Dominion. Salea were as follows:—

5V* per cent. Auckland Harbour Board

(1959), £97; 5% per cent. North Canter

bury Power Board (1940), £98 ss. Company debentures having inquiry included 6% per cent. New Zealand Farmers' Co-operative (1940 and 1945), ,at £35 and £35 10s respectively. It is proposed to obtain the sanction of holders for a reduction of interest on this stock. The 6% per cent, issue of Wellington Gas Company was in demand at £99 15s. Sales of company debentures reported were as follows:— -

6% per cent. Gisborne Sheepfarmers (1941), £76. I BANKS, INSURANCE, FINANCE.

The market for bank shares continues rather quiet and sellers appear anxious to do business.. English,.Scottish, and Australian were wanted at 85s to 86s; Bank of -Australasia at" £8 14s, holders asking £9 to £9 ss. The Dor long term mortgage shares of the Bank of New Zealand had buyers at 25s 6d, and later 25s 3d, but no., sales were reported. National of Australia (£10) were wanted at £10 ss, sellers £11 ss. Business .done in bank shares |was as follows: — ■ Bank of New Zealand, 44s sd, 445. 6d, 44s 9d,.44s 6d, 445, 44s 6d, 455; National. Bank New Zealand, -73s- 6d; 74s;' Bank New South Wales (cum. div.), £26,-£26 Ss, £26; Commercial Bank of Australia, ios, 35s Id, 15s, 14s Bdy Union Bank (ex div.), £7 9s. Insurance company and stock and station and-financial companies' shares had but poor inquiry. Among-the former in demand were New Zealand Insurance at 40ft to. 40s. 6d, sellers 41s; Nationals were ■wanted at 12s 6d and were-to be bouglit for 18s. Sales were as- follows: — South British Insurance, 53s 3d. '' Goldsbrough, Mort/ 23s 6d, 23s 3d, 23s 4d, 23s 2d; Dominion. Investment and Banking, Auckland, 18s. GAS AND OTHER SHARES. There was a fair turnover in gas companies' shares, sales being as follows:— "Wellington. (cum. div.), 275; Christchurch (cum. div.), 275; Auckland (cum. div.), 225, 22a Id. No business was reported in coal or shipping companies' shares, with the following exceptions:^ Westport-Stockton Coal (pref.), Is ' Westport-Stoekton (pref.), Is Cd. . Union Steam: Ship (pref.), 20s. Brewery shares were very quiet,- sales, however, were reported as follows:— • New Zealand Breweries, 25s 9d, 25s lid, 25s 7d, 25s lid, 25s 9d, 25s 6d, 26s 6d;: Tooths, 23s 9d, 245, 23s Bd. Meat companies' shares were practically*! neglected, but the following transactions \vere-notified:— ■ '.New Zealand Refrigerating (£1), Us *£, lls 6d, and (10s) 4s 9d; Gear, 28s, 27s 9d.

In the .miscellaneous division the busi«ess done during the week was as follows: Australian Glass, 28s 9d; Australian Steel (pref.), 12s 3d; Beath and Co., 19sColonial/ Sugar, £40, "£3B; Wilson's Cc- ■ : ment, 325; Electrolytic Zinc, 20s Oil; Dental and Medical, ss; Dunlop-Per-dfiau lls; N. 55. Drug, 465, 46s 6d; Farmers Trading, 5s 6d. »