STOCKS AND SHARES

Evening Post, Volume CXVI, Issue 48, 25 August 1933, Page 10

STOCKS AND SHARES

A BUSY WEEK

CONDITION OF MARKETS

United Presi Association—By Electric Telejrapb—Copyright SYDNEY, August 24. On the Sydney Stock Exchange, the turnover was heavy, with enhanced prices for gilt-edgeds. Other sections of the market were steady, although bank shares in some instances lost ground. Sales.—Bank of New South Wales, £32 12s Gd; Commercial Banking Co. of Sydney, £17 12s; National Bank of Australasia (£5 paid), £6 ss; National (£lO paid), £13; Associated News, 8s sd; Howard Smith, 11s 6d; Australian Gas, A, £7 ss; Australian Glass, 40s Od; Anthony Hprdern, 10s 6d; Henry Jones Co-op., 38s 9d; Carlton Brewery, 39s lVkl; Goldsbrough, 28s Gd; Lustre Hosiery, 14s 8d; Tooths Brewery, 38s 3d; Tooheys, 23s l%d; John McGrath, 275; Standard Cement, 15s 9d; Hoyts B pref., 6s 9d; Broken Hill Pty., 37s l%d; Zinc Corporation, 33s 7%d; Bulolo Deposits, 2s 2d; Bulolo Gold, 92s 3d; Mount Morgan, 40s. Commonwealth bonds, 4 per cents., 1935, £103; 1941, £103 ss; 1944, £103 Us 3d; 1950, £103 8s 9d; 1953, £103 12s 6d; 1955, £103 15s; 1957, £104 7s 6d; 1959, £104 16s 3d. MELBOURNE, August 24 ; Sales on the Melbourne Stock Exchange today included: —Metropolitan Gas, £12 14s; Australian Glass, 50s; Howard Smith, 11s 6d; National Bank (£5 paid), £6 6s; Herald Times, 455; Nestles, pref., 335; Taranaki Oil, 2s Gd.

"Evening Post," August 25." Business on the Stock Exchange in New Zealand continues, brisk, but there are signs of slight weakness in the gilt-edged market, and prices of bank shares, admittedly high for their return on the market prices, show a tendency to ease. Insurance companies' shares are still in good demand, but the choice of these investments was limited with one exception to shares in New Zealand companies. Shares in stock and station companies and in certain financial companies attracted favourable notice. Gas shares are holding their own. Coal mines are receiving more attention. Speculative interest in mining and dredging continues keen, especially for Waihis. More interest is being displayed too in shares in the miscellaneous section. Business in Government loans has been well spread, and sales have been registered at above par in every instance, the 3% per cents, and 4 per cents. Sales were reported as follows.—3'/4per cent, stock (1938-43), £101; 3% per cent, stock (1939-43), £101; 3% per cent, stock (1938-52), £100 ss, £100 10s;. 4 per cent, stock (1940), £101 2s 6d, £101, £100 12s 6d, £101; and bonds, £101; 4 per cent, stock (1946), £100 ss, £100 6s, £100 2s 6d, £100 ss, £100 7s 6d; and bonds, £101 ss; 4 per cent, stock (1949), £101 ss, and bonds, £101 ss; 4 per cent.'stock (1955), £100 10s, £100 15s, £100 10s, £100 7s 6d, and bonds, £100.159.

Local body loans wanted included 5% per cent. Wellington City (1940) at £100 10s; 5% per cent. Wellington Harbour Board (1940), at £100; 4% per cent. Wellington City (1953)/ at £100 ss; 5% per cent. Auckland Harbour Board (1937), at £100; 5% per cent. Auckland City (1940 and 1965), at £100 and £99 respectively. So far as can be ascertained, there were no reported sales of local body debentures. Company debentures in demand included 0% per cent. Wellington Gas (1941) at £102 10s; 6 per cent, and 6% per cent. Auckland Gas (1942 and 1935), at £103 and £101 5s respectively; 6% per cent. Glaso (1945), at £75 to £80; 6% per cent. Booth Macdonald (1937), at £40; 6% per cent. New Zealand Refrigerating (1935), at £101 ss; 8 per cent. Wellington Racing .Club (1935), at £93; and PA per cent. Amalgamated Brick and Pipe (1044), at £90. Sales of company debentures were notified as follows:— 4% per cent. New Zealand Farmers' Co-op., Christchurch (1945), £58 loa; 6^ per cent. Gisborne Sheepfarmers (1941), £85. BANKS, INSURANCE, FINANCE. Bank shares generally listed were all dealt in during the week, the sales reported being ast follows:— Bank of Australasia, £12, £12 2s Cd; Commercial Bank of Aust, 16s 4d, 16s 3d 16s 2d, 16s, las lid, 16s Id, 15s lOd; and (pref.), £S 17s, £8 15s, £8 las 6d; National Bank oE New Zealand, 83s, 82s, 81s 81s 6d, 80a, 82s 3d, 80s; Bank of New Zealand. 49s l%d, 48s 9d, 49s 3d, 48s 6d, 495, 48s 4%d, 48s 6d, 48s 3d, 48s 4d, 48s 6d, 48s 2d, 48s 3d, 48s 4d; and D long term. 325; E.S. and A. Bank, •£5 8s 9d, £5 6s 6d, £5 7s, £5 6s 6d; Bank of Now South Wales, £33 ss, £32 15s, £33 ss, £32 10s; Commercial Banking Co. of Sydney, £17 10s, £17 6s, £17 2s 6d, £17 3s, £17 3s ' 6d' National Bank of Australasia (£5), £6 6s, and (£10), £13 2s, £13 Is; Union Bank, £9 2s 6d, £9 2s. Insurance' shares wanted included Australian Provincial at 11s. Business transacted in ■ other listed companies' shares ■was as follows: — National Insurance, 17s 3d, 17s sd; New Zealand Insurance, 52s 6d, 525; South British Insurance, 70s; Standard Insurance, 59s 3d, 595; Queensland Insurance, 56s 6d. Pastoral and financial companies' shares in demand were Dalgety and Co., at £S 17e 6d to £9; National Mortgage "A, at '40s, and "B" at 26s 3d; Wellington Trust and' Loan at 765; Wright, Stephenson (pref.), at 13s; Loan and Mercantile (ord.); at £45, and sellers £50; New Zealand Guarantee at 6s 6d to 6s 7d; Perpetual Trustees, at 51s. Sales were reported as under:— Farmers' Co-op. .Auctioneering. (B pref.), 14s lid, 15s; Goldsbrough, Mort, 27s 4d, 27s lOd, 27s 9d, 27s 6d, 27s 9d, 27s 7d, 27s Bd. COAL, GAS, AND OTHER SHARES. Coal shares inquired for included Taupiri pref. at 22s 6d and Pukemiro at 225. Sales of coalmine and other shares will be found set out hereunder. Gas shares in demand included Christchurcli 27s Id, Titnaru 20s, Gisborne 3s 6d to 4s 6d, Napier (pref.) £9 10s. Meat shares had a fair inquiry, and sales were reported, as will be seen. Wellington Meat Export (pref.) were wanted at 15s, compared with 14s a month ago. Brewery companies listed had a fair turnover, during the week. Woollen companies' shares for which there were buyers included Kaiapoi (pref.) at 12s Id, Mosgiels at £8 ss, Wellington (ord. and pref.) at £5. Shipping shares were quiet, with Union Steam Ship (pref.) wanted at 22s Gel to 235; Devonport Ferry at 18s 6d, Howard Smith at 10s 3d, and Northern Steam (ord.) at 4s 3d. Timber shares were on a quiet market, .with buyers of Bartholomews at 10s and Leyland-O'Briens at 16s. Sales in the sections above referred to were reported as follows:— Coal.—Grey Valley, 14a; Kaitangata, 225; Renown (ord.), 2s 3d; Westport, 13s Id, 13s, 12s 9d; Westport-Stockton (pref.), Is Od. G ag _Wellington (ord.), 33s 8d; Auckland (contrib.), 17s, and (ord.) 23s 4d, 23s 3d. Freezing Companies. — Canterbury Frozen Meat (ord.), £9; Gear Meat, 31s; N.Z. Refrigerating (10s), 7s, 7s Id, 7s o%d, 7s, 7s o%d, 7s Id, and (£1) 15s lid, 16s, 16s Id; Southland Meat (pd.), 51s, and (contrib.) 25s Od. Breweries.—N.Z. Breweries, 355, 34s

lid, 34s 9d, 355, 35s Id, 34s Bd, 34s lid, 34s lOd, 355, 35s Bd, 35s 7d, 35s 3d, 35s 4d, 35s 6d, 355, 35s 3d, 35s 6d, 35s 4d, 35s 7d, 35s 8d; Staples, 265, 26s 2d, 25s 6d; Timaru (7s 6d), 5s 6d; Tooth's, 37s 9d. Woollen.—Kaiapoi Woollen, 7s 10(1. Shipping. — Huddart-Parker (ord.), cviii div, 31s, 30s 6d; P. and 0. deferred stock, 22s sd, 22s 9d. Timber. —Kauri Timber, 11s 9d. MISCELLANEOUS. Inquiries for shares in the miscellaneous section were fairly well spread, and included Australasian Paper at 32s 2d, Broken Hill Proprietary at 3Gs 6d, Henry Jones Co-op, at 37s 6d, N.Z. Drug at 66s 6d, Sharland (ord. and pref.) at 20s; Dental and Medical at 6s 6d, Beath and Co. at 26s 6d, D.I.C. (pref.) at 20s 6d, Milne and Choyee 16s 3d, Prestige (N.Z.) Ltd. 20s 6d, Donaghy's Eope 40s, Milburn Lime 31s 6d, Whiteombe and Tombs 645, Bycroft Ltd. 37s 3d, Woolworth' (N.Z., pref.) 33s 6d to 345, Woolworth (Victoria, pref.) 23s 4d. Sales in this section were as follows:— British Tobacco, 34s sd; Colonial Sugar, £58 12s 6d, £58 7s 6d, £58 15s, £58 12s 6d, £58 10s, £58 7s 6d; Consolidated Bricks, 6s 3d; Dominion Fertiliser, 13s Od, 13s 9d; Duulop Rubber, 17s Dd^ Electrolytic Zinc (pref.), 525; Farmers' Fertiliser, 16s VM; Mt, Lyell, 21s Bd, 21s 9d, 21s 8d; N.Z. Newspapers, 26s 2d, 2Gs 3d; X.Z. Paper Mills, 27s od; "Otago Daily Times," 435; Robinson Ice, 10s; Wilson's Cement, 34s 3d, 34s Gd, 345, 34s Unlisted.—Claude Neon Lights, 32s 6d; "Sun" Newspapers, 3s 6d.