STOCKS AND SHARES

Evening Post, Volume CXVI, Issue 12, 14 July 1933, Page 10

STOCKS AND SHARES

A BUSY WEEK

INVESTMENTS WELL HELD

United Press Association—By Electric Tele

crapU—Copyright

SYDNEY, July 13.

On the Sydney Stock Exchange today, banks were more active. Pastoral shares were firmer, but Commonwealth bonds were slightly weaker. Sales: Bank of New. South Wales, £31 17s 6d; E. S. and A. Bank, £5 2s 6d; National Bank of Australasia, £10 paid, £13; Union Bank of Australia, £9 15s; Queensland National Bank, £5 ss; Colonial Sugar, £58; Associated News, 8s 4d; ditto, pref., 18 PAd; Australian Glass, 48s; Burns, Philp, 51s; Berlei, contributing, 13s 6d; ditto, paid, 275; Gordon and Gotch, 34s 3d; Morris Hedstrom, 17s; Goldsbrough, Mort, 28s 9d; Dunlop-Perdriau, 18s 6d; Henry Jones, 38s 6d; Electrolytic Zinc, pref., 32s 9d; Winchcombe Carson, 27s 6d; Wilcox Mofflin, 7s 9d; Tooth's, 39s 3d; Toohey's, 23s 10% d; Mount Lyell, 22s 4%d; Broken Hill Proprietary, 365.

MELBOURNE, July 13. Sales on the Melbourne Stock Exchange todayl included: Commercial Bank of Australia, pref.) £9 2s; Commercial Bank of Sydney, £17; E. S., and A. Bank, £5 2s; "Herald and Weekly Times," 455; Goldsbrough Mort, 28s 9d; British Tobacco, 34s 6d; Electrolytic Zinc, 23s 3d; Broken Hill Proprietary, 36s 3d; North Broken Hill, 87s 3d; Mount Lyell, 22s 6d; Taranaki Oil, 2s Id.

"Evening Post," July 14,

Business on the Stock Exchanges continues active, and interest of investors appears to be well diversified. Government loans are firmly held, but a slight decline is shown in the prices realised for 3% per cents., and the 4 per .cents.. show a slight weakness as compared with rates at which business was reported for last week. The sales notified were as follows:—

3% per cent, stock (1938-43), £99 12s 6d, £99 15s; 3% per cent, stock (1939-43), £100, £99 17s 6d; 3_% per cent, stock (1938-52), £99 15s; "4 per cent, stock (1940), £101; 4 p.er cent, stock (1946), £101'2a 6d, £100 17s 6d, £100 15s, £100 10s, £101, £100 15s; 4 per cent, stock (1949), £100 10s; 4 per cent, stock (1955), £100 10s, £100 15s, £100 10s, £101 2s 6d, £100 15s, £100 7s 6d.

Local body and company debentures have had fair inquiry as regards the cities' issues; The 5% per cent, issue of Auckland Harbour Board (1945) had buyers at par; and 5% per cent. Dunedin City (1944) were wanted at £100 10s, and 5% per cent.' Christchurch City .(1944) at £ 100 ss. Company debentures in <ilmand included 6% per cent.,, Wellington Gas (1941) at £101 15s; 5% per cent. New Zealand Refrigerating (1935) at £100 2s 6d; 6% per cent. Glaxo (1941) at £70; 6% per cent. Gisborne sheepfarmers (1941) 'at £70 to £75. Sales of local authorities' and companies' debentures were reported as, follows:'?-;'.?'"'^!,' . "::V '. ' ■.}.'■},

5% per c'eiit. Auckland Hospital Board (1935), £100 10s; 6 cent. Makerua Drainage (1946), £95; 5Vs per. cent. Mr Albert Boro. (1963), £92; 4% per cent. South Taianaki Power Board (1955), £100 10s. , 5 per cent. Wright Stephenson Perpetual, £85.

BANKS, INSURANCE, FINANCE.

Demand for all bank shares has been particularly keen throughout the week and prices generally show appreciation even after' dividends have been paid. Orders were in the market for Bank of Adelaides at. £5 10s, with no declared sellers. The 4 per cent, preference issue of the Commercial Bank of Australia, cum dividend, were in request at ,£8 16s, sellers quoting £8' 19a. Sales- °f bank" shares were reported as follows:—

Bank of Australasia, £11; Commercial . Bank of Sydney, £16 18s, £16 18s 6d; Bank of New Zealand, 48s, 48s 3d, 48s " Id, 48s .3d, 48s, 48a 4d, 48s Gd, 48s Bd, 48s 6d, and D. Long Term (pref.), 30s, 30s 4Yzd; National Bank of New Zealand, ' cum. div., 78s, 80s, 775, 81s, 80s 6d; E.S. and A. Bank, £5, £5 0s 6d, £5 Is, £5 Is 6d; Bank of New South Wales, £31 ■ 17s 6d, £32, £32 2s 6d, £32 ss; Commercial Bank of Australia, cum. div., 16s 3d, 16s sd, 16s' 2Hd, 16s 3V2d, 16s 4d, 16s 4%d, 16s sd, 16s 4d; National ■ Bank of Australasia (£5), £6 6s, and • (£10) £12 15s 6d, £12 17s 6d, £13; Union Bank, cum. div., £8 18s, £8 18s 6d, £9 0s 6d, £9; ex. div., £8 17s 6d,

£9^ £9 0s 6d. Insurance companies' shares continue in favour, and a fair turnover in them is reported. Queenslands were wanted at 525, but there was no response from holders. The sales of insurance company shares-notified during the week were as follows: — ■

New' Zealand Insurance (cum. div.), •19s lOd, 50s, 4959 d, 49s lOd, 50s, 50a 3d; National. Insurance,, 16s 7d, 16s Bd, 16s 7d; South British, 67s 9d, 07s 6d,'6Bs; Standard Insurance, 53s 0d;. Australian

Provincial, lls 6d,

Financial and, stock and station companies' shares, especially those oil woolbroking firms, were in improved demand. New Zealand Loan and Mercantile qrdin-. ary had buyers, at £39 to £41, sellers asking £50; .Wellington Trust Loan were wanted at 665,' but there were'no declared sellers. Farmers' ■ Co-operative Auctioneering shares Tvere in good demand lor ordinary and preference shares'at 27s 6d and 15s 6d for A and 13s 6d for B. National Mortgage B were wanted at 25s 9d. New Zealand and River Plates had unsatisfied buyers at 20s. The business done in this section of the list during the week was as follows:—,

Dalgety and Co., £9 8s 6d, £9 Bs, £9 7s, £9-7s6d, £9 6s, £9 6s 9d, £9 7s, £9 7s, 6d; Farmers' Co-op. Auctioneering (B pref.), 14s; Goldsbrough, Mort, 28s, 27s 1id,,28s 6d, 28s sd; N.Z. Guarantee Corp., 65,. 6s Id; National Mortgage, 45s 3d, 45s 6d,' and (B) 26s 6d; United Building, -17s 2d;' Wright, Stephenson (pref.),; 14s.

COAL, GAS, AND OTHERS,

Coal-mining shares were in rather slack demand. : The gas share market was dull, but buyers were offering 32s 9d for the ordinary and 20s 9d for the preference issues of the Wellingotn Company. Gisbornes had buyers at 3s to 3s 3d. Sales o£ coal-mining, gas, and other companies' shares will be found set out hereunder. Freezing companies' shares inquired for included Canterbury Frozen Meat at '£9. sellers holding for £10; Wellington Meat Export (pref.), 12a 6d. with no sellers. Gear Meats were to be bought for 33s Od. Brewery shares in demand but of which no sales were notified included Tooth's at 38s, sellers 395, and Carltons wanted at 365. Business was active in New Zealand Breweries shares. The annual meeting of the company is to be held next week. A little more interest is being shown in timber company shares. Wellington Woollens are in fair demand at slightly advanced prices, being quoted at £5 2s 6d, and Mosgiels at £8 6s. Shipping shares wanted included Union Steam Ship (pref.) at 22s 3d; Huddart, Parker at 29s to 29s 3d, sellers 30s 3d. Sales of shares in the sections above referred to were reported as follows:— Coal.—Grey "Valley Collieries, 13s 6d, 14s; Kaitangata, 21s; Taupiri, 16s Gd; Westport, 13s, 13s 3d. Gas.—Auckland Gas, 23s 4d, 23s sd; Christchurch Gas, 275, and (10s) 13s. Freezing Works. —New Zealand Refrigerating ftOs), 6s id, 6s 3d, 6s 4%d, 6s 3%d, 6s sd, 6s 4d, 6s 6d, 6s 7d, 6s Bd, 6s 9d, and (£1), 15s 7d, 16s, 15s Bd, 16s. Breweries.—New Zealand Breweries,

33s 6d, 33s 4d, 33s 9d, 33s 6d, 34s 2d, 34s 3d, 345, 34s l%d, 34s 2d, 34s 3d, 34s 6d, 34s 4d; Staples, 26s 9d; Timaru Brewery (7s 6d), 4s 6d. Timber.—Kauri Timber, 13s, 12s 9d, 13s Id, 13s; Leyland, O'Brien Timber, 17s.

Shipping.—P. and O. deferred stock, 235, 245.

MISCELLANEOUS.

Investors appear to be showing increasing interest in shares of companies other than those above referred to. Australian Glass had buyers at 475, sellers quoting 48s 6d. There were inquiries for Australian Iron and Steel preference at 13s 6d. Sharlauds preference and ordinary shares were in demand at 19s 6d for both issues, but there were no sellers. Whitcombe and Tombs were wanted at 62s 6d, with no sellers. Sales of shares in the miscellaneous section were reported as follows: —

Anthony Hordern, 10s 6d; Beath and Co. (Is), 4s 9d, ss; British Tobacco, 34s 3d, 34s 4%d, 34s Id; Consolidated Brick, 4s 3d; ColonilU Sugar, £57 10s, £57; Donaghy's Rope, 40s; D.I.C. (10s), 11s; Dunlop Rubber, 18s Id; Electrolytic Zinc (ord.), 20s 6d, 21b. and (pref.), 31s 9d, 325; Farmers' Fertiliser (cum div.), 16s 6d, 16s 7d, 16s 9d, 16s 8d; Henry Jones Co-op, 37s 9d; Milburn Lime, 325; New Zealand Drug Company, 64s 9d; New Zealand Newspapers, 265; New Zealand Paper Mills, 26s 6d; Howard Smith, 10s; Robinson Ice Cream, 14s 6d; Wilson's Cement, 33s l%d, 33s 2d, 33s 3d, 33s Id; 335, 33s 6tl. 33s 4d; Woolworths, Victoria <pref.), 255. Unlisted.—lnvestment Exec. Trust B debs., £85; National Tobacco, 60s; "Sun" Newspapers, 3s 6d.