MARKETS KEEP FIRM

Evening Post, Volume CXVII, Issue 22, 26 January 1934, Page 10

MARKETS KEEP FIRM

TURNOVER FOR THE WEEK

Dnlttd Frat ' Association—Bj Electric Teleeraph—Copyright . SYDNEY, January 25. The Sydney Stock Exchange was quieter today, the chief factor being the Anniversary holiday tomorrow.' The values of many industrial issues displayed irregularity, but there was a firm undertone in all' departments.' Sales: Bank of New South Wales, £34 15s; Queensland National Bank, £6; Australian Provincial Assurance, lls sd; Associated Newsj 21s 4%d; ditto, pref., 22« l%d; Howard Smith, 16s; British Tobacco, 37s 3d; Tooth's Brewery, 44s 6d; Carlton' Brewery, 45s 9d; General Industries, lls 9d; Dunlop Perdriau Rubber, 21*: 3d, and pref., 36s 3d; Goldsbrough Ifort, 35s lOd; • Fairymead Sugar, 345; Electrolytic Zinc, 27s 3d; Lustre Hosiery, 225; Standard Cement, 18s 4%d; Meggits, 22«; Broken Hill Proprietary, 44s 6d; Placer Development, £18 19s; Mount Morgan, 70s fid; Mount Lyell,, 25s 6d. Commonwealth bonds, 4 per cent., 1938, £104 IBs 9d; 1941, £106; 1944, £106 15s; 1947, £107; 1950, £107 ss; 1953, £106 ss^ 1955, £106 12s 6d; 1957, £107 2s 6d; 1959, £107 7s 6d; 1961, £107 11» 3d. • MELBOURNE, January 25: . Sales on the Melbourne Stock Exchange today included: Bank of Australasia, £13 ss; National Bank, £10 paid, £13 13s; Dunlop Perdriau Rubber, 21s 7d; Mount Lyell, 25s 4%d. , , f'Evening Post," January 2(3. A local bank holiday on Monday, and three Says' racing in Wellington have had their effect Upon the turnover this week. But ;the market itself shows but little change,- although in : some sections, there is a slightly weaker tendency. .>'. Government loan* "generally are holding well, but the 4 per cent./stock (1940) is a shade cheaper on the week, and the 3% per cents, are in rather less demand. But in all Government debentures business is reported at well above par. The sales of these1 investments as reported during the week were as follows:— • 3% p.c. stock (1938-43), £101 15s; 3% ,p,c. .stock (1939-43), £101 }ss; 4 p.c. . stock- (1940), £101, £101 ss, and bonds , :£10'l; 4 p.c. stock (1946), £103, £102 7s Bd,; £103/: and bonds £102 15s, £103; ,4 p.c stock (1949), £101 ss; 4 p.c. stock . (1955), £101 ?2s 6d. .5. p.c. Rural Advance bonds (1947), £97 10s, £98 > 10s. Local body and company, debentures Were, in moderate demand; the former having" a strong inquiry-with '4% per cent. Wellington City (1943) wanted at £101; S&per cent. Wellington Harbour Board (1940) at £103 5s and sellers quoting £104 2s'6d. ■ Company debentures, wanted included 6% per cent. Wellington Gas (1941) at £101 15s; 5 per cent. Wriglit, Stephenson perpetual at £83; 6 per cent, and 6% percent.::: Auckland Gas (1942 and 1935) at £101 and £101.10s respectively. Sales of debentures were reported as follows:—,, ■ 514 ' p.c. ; Waitemata Power Board (1964); £100 155;4% P.C.N.Z. Co-op., Chrjstchurch; (1945), £74 2s 6d, £75; 6% p.c. Gisbome Sheep .Farmers (1941), i£9P;;7% • p.c. Amalgamated Bricks, jWelKngtonj (1944), £92 10s. ; banks,lnsurance, finance. Business in bank shares continues to be active, ' notwithstanding their relatively low immediate returns. Bank of Adelaide, shares were inquired for at. £6, sellers asking £7. National* of Australasia (£5 and £10) had buyers'at £6 10s to £6 125.6 d and at £13 lls respectively. The D long term mortgage shares of the Bank of New Zealand were wanted at 325, but. there, were no disclosed sellers. The sales of bank Shares notified were,as follows":— Bank of New/South Wales, £35 2s 6d. £35 3s 6d, £34 17s 6d, £34 128 6d, £M 15s; English, Scottish, and Australian Bank, £5 15s, £5 15s 6d, £5 16s, £5 17s, £5 17s 6d, £5 18s; National Bank of New Zealand, 87s 6d, 88s 6d; Commercial Bank of Australia' (cum div.), 18si6a, 18s 6%d,18s 7d, 18s 6d; and pref. £9' 4s;3d; £9 4s; Bank of New Zealand, . 4Bs'sd, 49s 3d, 48s 9d, 48s; Commercial ■ Banking Co. of Sydney, £18 125,. £18 lls; Bank of Australasia, £12 16s 6d; Union Bank, £10 3s, £10 2s 6d, £10 2s. Insurance companies' shares continue to 'stand well'with investors. Queenslands had buyers at 645, with sellers quoting 67s to 995. Sales were as follows:— • 'Australian Provident Assurance (cum > div:), lls 2d; Mutual Benefit, £11 ss; National of.New Zealand, 18s 7d; New Zealand, 47s 9d, 48s; South British, 76s 6d; Standard, 61s, 60s 3d. Pastoral companies' shares' have improved in value wjth {the improved price for ,wool. National Mortgage A (cum div.) had sellers at 66s 6d, but buyers wero unresponsive. Abraham and . Williams were wanted at 60s to 655, with no disclosed sellers. Wellington Trust, Loan (cum div.) had buyers at 90s, but no sellers. New Zealand Guarantee Corpora-1 tion shares were in demand at 8s Id to 8r 3d, sellers quoting 8s sd. Sales were reported 'as follows:— ;'■,'■ ; Dainty's, £10 lls, '£10 9s, £10. 7s (3d, '£10 7s; Farmers' Co-op. Auctioneering 8 per Gent, (pref.), 19s; Goldsbrough, MortJ 35s Yd; New Zealand. Loan and Mercaptile.(ord.), £59 15s, £59 10s, £60, ' ss,' £6i; £59/2s-6d, £59 15s; National Mortgage Agency, 03s; Traders' Finance, ■2p.-2di': ; ; .; ;;■ ■; '■ !. . • . INDUSTRIAL AND OTHERS. Business in'coal shares continues slack. Orders to buy Pukemiros at 21s resulted in no - business' being reported. Kaitangatas were wanted at 20s 6d and West-porfc-Stockton (pref;> at 2s 3d to 2s 6d. Sales'were reported as follows:— Cfrey Valley, 10s; Renown, pref., 9d; ; Taupiri (ord.), 15s 3d, 15s; Westport Coal, 14b 9dl .; . ''■',! Gag shares were on a quiet market. Wellingtons (ord., cum div.), however, had buyer* at 36s :6d, Christchurch (cum div.) at 295, and Auckland' (paid) at 23s lOd. Sales were ,as fpllpws::— ' • Auckland Gas (contrib.'),/ 17s 9d. : . Shipping shares wanted'included P. and O. deferred at ; 2ls6d to 225.6 d. Sellers of Union Steam Ship (pref.) were willing to, quit at 255,6 d. Sales were1 as follows: — Devonport Ferry,. 21s 6d, 21a 9d;. Howard Smith, 15s 9d; Huddart-Parker, 335. 6d. ' Meat shares wanted included Southlands at 61s to 625. Sales were reported as follows:— .-; ;: : '..■■.;: ■ ' Gear" Meat, >245;" New Zealand Refrigerating,- cum div/ (10s), '9s 2d,: 9s". 4d,' ■ 9s'3dy-9» sd, 9s-4d r 98"4% d, 9s sd, and (£.1X208, 19s,iOd. } - ■■-■■•• :- i r Prespects of brewing investments- appear bright, especially in Australia. Sales of brewery shares have been reported as follows:)— Carlton, 44a 9d; New Zealand, 39s 9d, 39s 6d, 39s 10d, 40s, 40s Id; Timaru (7s 6d), 6«, 6s Id, and' (10s) 9s 3d; Tooths, 44b 7d. Timber shares now • have better inquiry thata in the past year. Buyers of Bartholomews offer 12s 6d; Parker Lambs, 3s; and Nationals, 4s 9d. Sales were as follows:— :- Kauri; 16s, 16s 4d; Leyland-O'Brien, 20s 6d. . Woollen shares are very strongly held. Mosgiels were wanted at £9 7s to £9 10s, and no sellers, and Wellington (ord.) had STOCK AND SHARES. PERKY AND DIGGES SMITH, Stock and Sharebrokers, National BankBuildings (opp. G.P.0., Wellington), Members Wellington Stock Exchange/ Cables and Telegrams "Ennesperry.l^

buyers at £5 10s, with sellers at £5 lls 6d. > Sales were as follows:— Ktiiapoi Woollen (17s), 10s 6d, 10s 9d. MISCELLANEOUS. Australian Glass has unsatisfied buyers at 52s 9d; Burns, Philp at 53s 6d; New Zealand^Paper.Mills at 27s to 28s; Morris Hedstrom at 17s 6d; Australian Iron and Steel (pref.), at 20s. Sales were reported as follows: — | Anthony Hordern, 16s 2d, 16s 3d; Australian Farmers', A pref., 20s 6d; Australian Distillery, 255. Broken Hill Proprietary, 445; Bycroft, 41s 9d; British 'Tobacco, 37s 2d, 375, 37s 7%d, 37s 6d. Colonial Sugar, £65; Consolidated Brick, 7s. Dominion Fertiliser, debs., 1941, £103; Dunlop-Perdriau Rubber, 22s 4d, 22s sd, i 22s 3d, 22s 4d, 22s 2d, 225, 21s 7d. 1 Electrolytic Zinc, ord., 275, 27s 3d. Farmers' Trading, 3s 6d. Henry Jones, 345. Milne and Choyce, deb., 17s 6d; Mount Lyell, 24s 6d, 24s 9d, 24s lOd, 255, 25s Id, 25s 3d, 255, 25s Id, 25s 3d. • New/Zealand Newspapers, 30s 6d. Robinson's Ice Cream,; 17s 6d. Wilson's Cement, 28s, 27s 8d; Woolworths, Sydney (second pref.), 255; Woolworth's, N.Z. (pref.), 36s 3d. Unlisted.—Claude Neon Lights, 465; Invest., Exec, Trust, B debs., second issue £92, and first issue, £102; National Tobacco (cum div,), 70s; Woolworth's (Sydney), £5 0s 6d; Woolworths, Vie. (pref.), 245.