STOCKS AND SHARES

Evening Post, Volume CXIV, Issue 91, 14 October 1932, Page 12

STOCKS AND SHARES

A ■QUIET WEEK

RECORD OF BUSINESS

■llnlted Press Association—By Electric Telegraph—Copyright. SYDNEY, 13th October. The Stock Exchange turnover was well tip to the average, prices being withbut appreciable change, though banks incline to harden. Commonwealth Bonds were in good demand. Sales: Bank of New South Wales, £31 15s; .Commercial Banking Companj* of Sydney, £17 7s 6d; Union Bank, N.Z. delivery, £9 sa; Colonial Sugar, £54 15s; Fairymead Sugar, 26s 6d; Burns-Philp, 49s 3d; Winchcombe Carson, 24s 10% d; Goldsbrongh, Mort, 27s 3d; Dunlop Perdriau, 16s'6d; British Tobacco, 36s 4%d; Australian Gas, A, £6 16s 6d; Broken Hill Pty., 23s 6d; Broken Hill South, 50s 6d. Commonwealth Bonds, 4 ■ per cents., 1938, £102 3s 9d; 1941, £102; 194*. £102 12a 6d; 1947, £101 7s 6d; 1950, ;£lol7s 6d; 1953,. £101 12s 6d;: 1955, £101 17s 6d; 1957, £102 ss; 1959, £102 10s; 1961, £101 2s;6d.- -■:--. ■•■•-• - .' ' ■;•". MELBOURNE, 13th October. Sales: Commonwealth Bank of Australia, 16s 6d; Union Bank, £9'ss; Dunlop Perdriau, 16s 6d; ditto, pref., 32s 3d; HeraldTimes, 57s 3d; Millaquin Sugar, 28s 6d. ' "Evening Post," 14th October. Business on the Stock Exchanges of the Dominion this week has been rather dull and some shares, including banks, show signs, of weakening in value, but others are firmly held. Government debentures are) in good demand, all issues being wanted, and among these should be mentioned the 5% p.c. stock (1951) at £99, sH,p.e. stock (1941) at £95 15s. Sales of Government. Stocks, and Bonds were reported: as .follows: — • ; 4%rp.c. Stock (1938), £95; and Bonds, £95 ss; 4% p.c. Bonds (1941), £94 10s; 5^4 p.c Bonds (1933), £98 10s; 5% p.c. Stock (1937)^ £96, £96 7s 6d; 5% p.c ■Stock- (Jan., 1933), £99 10s; 5% p.c. Stock (1936), £99 15s; s%'p.c. Stock (Feb., 1937), £99 12s 6d; 5% p.c. Stock ' (Sept., 1937), £99 12s 6d, £99 10s. Local body, loans wanted atprices which holders declined to meet included 5% p.c. Wellington Harbour (1940) at £99 15s; SY*. p.c. Auckland City (1940), £95 10s. Company debentures inquired for were 4% p.c. N.Z. Farmers' Co-operative (1945 and 1940) at £46 10s and £46 10s respectively; 6% p.c. Gisborne Sheepfarmers (1941), at £70 to £73, and 6 p.c. Auckland- Gas . (1942) at. £102. Sales 'of local body debentures were- reported ' as' follows:—-'"-'■ - ■ . ■■.'..: . ■ 6 , p.c. Anckland Harb. Bd. (1941), £102,10s; 5% p.c. Central Power. Board (1957), £95;-4% p.c. Devonport Borough (1537), £91.' • ; . ■ . BANK?,' FINANCE, INSURANCE. Interest in bank' shares was, well .sustained, but Borne of them showed a. slight recession,.^ price oh,the week', Bank of N.Z., E.S. and! A. Bank, and. Commercial Bank shares..being among the number, but.prices 'for' Bank of. Australasia and Union Bank-shares showed' appreciations. Bids 'q£;-.2Bs*• 6d td""29s for the long-term share*' of the Bank of New-Zealand. were responded So by- sellers'; quotations of. £30. Nationals b£ Australasia (£10) were, inquired for at £11 15s, but with: no declared sellers. Business via bank shares yta&, reported as follows:— Bank of New Zealand, 46s Id, 465, 46s l%d, 465, 45s^ 9d; 45s Ud, 465, 455. 9d, 465, 45s 10d, .45sJ 9d, 45s lid; National. Bank of. New-Zealand,- 795; Bank of Australasia, £10, £10 Is 6d,-£lO 2s 6d; Bank of ,New South Wales, £28 sb; Commercial Bank of Australia, 14s 9d, 14s Bd, 14s 6d, 14s 7d; National .Bank of Aus- . tralasia-(£s),£6'3s, £5 16s 6d, £5 17s 6d, £5 15s 6d, £5 16s; E.S. and A. Bank, 94s 6d, 93s 6d, 94a; Union Bank; £7 17s 6d, £7-18's. ■ ' .Financial and pastoral companies' shares inquired for included Wellington Trust Loan at 97s 6d, no sellers; New Zealand Guarantee .■ Corporation (8s) • cum., div;, were wanted at ss, holders asking for 5s lOd to 6g. Dalgety and Co.'s shares ;were wanted at £8 7b 6d, sellers quoting £8 KJs.- Wellington .Deposit and Mortgage ' had buyers at 8s 3d, sellers quoting 6d above that price. National' Mortgage were wanted at 375; no sellers.' Sales of shares' in this section were reported as follows:— ■'•'■.. New Zealand1 Loan and Mercantile, £57 10b, '£59; Goldsbrough Mort, 24s 6d, 24s 7d, 24s 5d,24s 6d, 24s 5d,-24s 3d, 24s 2d, 23s lOd, 245, 23s lid,. 245, 24s 3d; United Building Society, 14s 7d. Insurance shares were- in good demand. Orders .for Queenslands at 43s to 44b were unfilled; ■AJ.A.'s'were wanted at 4s 6d, but-there; were no sellers^ Sales were reported as follows:— .;-."■ . . ' New. Zealand Insurance,. 42s 9d, 435; National-Insurance,-14s 6d, 14s 9d; South British, 565, 57a; Standard, 48s 9d. COAL, GAS, AND 'OTHER : SHARES.. Demand for..coal mine.shares was rather slack. Grey Valleys, however, were wanted at 9s, but"sellers', lowest-quote was 15s. Westport-Stocktoni ordinary had- buyers at Bd, but this; price, -was ; 4d below: sellers' ideas. Renowns were'wanted: at Is,- ; but holders declined to; quote under 3s 3d. ■ Gas shares ka.ve: improved in-favour with investors, but with little change-in prices, compared with those .of ,'last week.. -For Wellington pref. 'issue 17s 6d was offered but holders; did not quote. .Brewery, shares were in the picture and are holding their own. There were orders in the. market to buy Staples.at 265, sellers asking; 27s ;.Carltons: were in demand at 31s 9d,. and .Tooheys had buyers af 19s, sellers being willing to; take 20s 6d. Meat companies',shares were easier op the f.'.week. Gears, however, had buyers at 33s 6d, sellers asking 355. Shipping, shares", were not in strong demand, but buyers were willing to pay 20s for P. and O^ deferred,,2Bs for Huddart Parkers, and 20s for Union Steam Ship pref. Sales'reported'in the above-mention-ed^ sections .of the market .were as follows: Westgort' Coal, 12s 6d; Taupiri," 13s 6d; Westport-Stockton (pref.), Is 7d; Kaitangata, -16s. ■ - .' Wellington Gas, 30s 9d; Christchurch • Gas, 25s 3d, 25s 4d; Auckland Gas, 21s : 6d. ;. ' • New- Zealand Breweries, 28s 7d, 28s 9d, 295, 28s 6d, and New Zealand Breweries bonds, 20s 6d; Tooth's Brewery, 31s 3d, 31s 9d, 31s Bd, 31s 7%d, 31s 6d, 32s 9d. 32s 3d. . ' New Zealand Refrigerating (£1), 11s. and (10s), 3s Bd, 3s 9d, 3s'7d, 3s 6d, 3s sd, 3s 4d. Northern Steamship (contributing), 2s ■ ■ 4d. ■ INDUSTRIAL AND GENERAL. "... Woollen shares wanted include'Mosgiels at £6 to i£6 llsi with no response from holders; Kaiapbis (17s paid) with buyers offering 4s 6d. Wellington Woollen had .sellers of ordinary shares.at £5.95. Sales of shares in the miscellaneous section were Teported as follows:— British Tobacco, 31s sd, 31s 6d, 31s 9d; Beath and Co. (pref.), 19s 3d; Colonial Sugar, £48 ss; DunlopiPerdriau, 14s 9d, 14s Bd, 14s 9d; Electrolytic Zinc (pref. cum. div.), 26s 6d, and (ord.), 16s 6d, 16s ' 7d, 16s 6dj Henry Jones Co-op., 30s: Wilson's Cenient, 31» 9d, 325, 31g 9d; New • Zealand Drug, 59s 6d; New Zealand Paper' Mills, 21a 3d.