STOCKS AND SHARES

Evening Post, Volume CXVIII, Issue 89, 12 October 1934, Page 12

STOCKS AND SHARES

GILT-EDGED WEAKER

SALES OF THE WEEK

(By Telegraph.—Press Assn.—Copyright.) SYDNEY, October 11. The Sydney Stock Exchange was less buoyant today, though there was a firm undertone. Colonial Sugars suffered a reaction and bunks were steady. Sales.—Bank of New South Wales, £32 12s 6d; Commercial Bank of Australia, 16s 3d; Australian Provincial Assurance, 11s 6d; Mercantile Mutual Insurance, 21s 6d; Colonial Sugar, £70 10s; Associated News, 24s IOVSd; ditto, pref., 255; Huddart Parker, 36s (id: Burns, Philp, 575; Australian Gas, A, £8 2s Cd; British Tobacco, 40s; Tooth's Brewery, 50s; Tooheys, 29s j 10% d; Carlton Brewery, 50s; Winchcombe, Carson-, 29s 9d; Electrolytic Zinc, pref., 35s Cd;.Farmers, 23s 3d; Mount Morgan, 32s 3d; Broken Hill Proprietary, 535; Kuala Kampar, 15s 6d. ';■ MELBOURNE, October 11. Sales on the Melbourne Stock Exchange today included: Goldsbrough Mort, 31s Sd; Electrolytic Zinc, 27s Cd; "Herald and Weekly Times," Sis; Dimlop-Perdriau Rubber, IDs 7d. "Evening Post," October 12. Weakness is discernible in the market for Government loans, although such investments continue to command very high prices considering their return on market values. Buyers of 4 per cent. Government stocks and bonds of 1940 maturity offered £101 10s, but sellers ask £105 10s, whereas business was done last week at £108 ss. Interest is payable in January. Sales of Government loans reported this week were as follows:— 3W per cent, stock (1938-43), £109 12s Gd; 3% per cent, stock (193943), £109 12s Gd; 3^ per cent, stock (1939-52), £110 10s; 4 per cent, stock (1940), £105; 4 per cent, stock (1046), £109, £109 2s 6d, £109 ss, £109, £100 ss; 4 per cent, stock (1949), £111, £111 7s 6d, £111 10s; 4 per cent, stock (1955), £113, £113 ss, £113 2s 6d. - ■ 5 per cent. Rural Advances bonds (1947), £102 10s, £103 ss. Local body loans inquired for included 4M per cent. Wellington City (1044 and ]!)52), which had buyers nt £100 and £100 ](ls respectively. The 4% per cent. Mt. Eden Borough loan (1963) bad buyers at £103. Company debentures wanted were (i% per cent. Booth, Maedonald (1937) at i'6s, sellers £70 10s; 0% per cent. Wellington Gas (1941) at £103; C per cent. Auckland Gas (1942) bad buyers at £106 10s; and 5 per cent. Wright, Stephenson (perpetual) at £97 to £!)8. Sales of local body and company debentures were reported this week as follows:— 4M per cent. Invercarsill City (1939), £104 10s; 5Vz per cent.' Wellington HarM>our Board (1940), £106: 4% per cent. Auckland' Transport Board (1942), £103; '5% per cent.. Christchurch City (1945), £106 15s; 4% per cent. Christchurch Trams (1957). £108;'4% per cent. Farmers' Co-op. (1940), £88; 0% per cent. Gisborne Shecpfarmers' (1941), £100 ss; 7% per cent. Amalgamated Brick, Auckland (1044), £103. BANKS, INSURANCE, FINANCE. Investors' interest in bank shares was by •no means keen, but such shares are firmly ,lield. - English, Scottish, and Australia 'Bank shares had inquiry at £5 ss, lowest ■Kellers quoting '£5 7s 6d; Nationals of Australasia. (£10) were wanted at £12 ]ss. to £12 18s, with sellers quoting £13 ■.Is to £13 ss. Business done in bank shares this week was reported as follows: ''• , Reserve Bank, £6 9s 6d, £6 9s od, £6 "]os, £G-0s Gd, £6 9s 9d, £0 10s; Bank lof New Zealand, 48s 9d, 48s Bd, 48s 9d, 495, 48s lOd; and D long term, 34s 6d, 34s 3d, 34s Bd, 34s Gd; Commercial Bank of Australia, 16s 4d, 16s 3d, 16s 2d; and >ref., £9 18s; National Bank.of New Jealand, 745; Bank of New South -Wales, £32 10s, £32 7s Gd, £32 ss, £32 10s, £32 8s 9d, £32 7s 6d; Bank of Australasia, £12; Commercial Banking Co. of Sydney, £17 15s. Insurance companies' shares were firmly held. Queenslands had buyers at 72s and they and South British showed a slight weakness. Sales of insurance shares .were as follows: — Aust. Prov. Assurance, 11s 3d; Mercantile Mutual Insurance, 245, sd; New Zealand Insurance. G9s 6d, 70s; National, 20s 9d; South British, 955, 95s 3d, 95s 6d; Standard, 69s 3d, 70s 3d, 70s. Financial companies' shares wanted included Wellington- Investment T. and: A. at 8s Od; Wellington Deposit and Mortgage, 4s 6d; Permanent Investment, £9 6s 6d. Pastoral companies' shares inquired for were Abraham and Williams (pref.) at 925; Winchcombe, Carson, at 28s Gd; Wright, Stephensori at. 19s; Gd; New Zealand Loan and Mercantile (pref.) at £73; with sellers of the ordinary stock in this company quoting £51 10s. Sales in this section were reported as follows:— Dalgetys, £9 5s Gd, £9 ss, £9 4s 6rt. £9 6s Gd; Farmers' Auctioneering (£5 paid). 775; Goldsbrough Mort, 30s Gd, 30s 7d, 31s, 30s lOd, 30s' lid, 31s Id, 31s, 31s 3d; New Zealand Guarantee Corporation, 5s 4d, 5s f3d, 5s sd: United Building (Christchurcli), 21s 2d, 20s Od. COAL, GAS, AND OTHER SHARES. Coal-mining companies' shares were in moderate demand with buyers of Taupin (pref.) 'at 235, and Pukemiro at 20s 6d. Sales were reported as follows:— Renown Collieries, 4s 6d, ss. 5s Id, and (pref.), 2s Gd; Westport Coal, 10s Id; Westport-Stockton, 3s, and (pref.), 4s 9d. ' . ; Wellington Gas bad buyers at 405,. but no quotations from holders. Sales of gas shares were as follows: — ' Auckland Gas, 26s 7d, 26s Bd, 26s 9d, and (coSj, 19s 6d; Christchurch Gas (10s paid), 16s 9d, and (paid), 345. Shares in the big New Zealand Bravery' Company made a sharp advance this week. Carltons had buyers at 48s 6d, but no declared sellers. Sales were as follows:— Dominion Breweries, 10s 3d, 10s 6d; New Zealand Breweries, 50s, 49s Gd, 49s 3d, 49s 7d, 49s 6d, 50s, 50s 3d, 50s Gd; Staples, 30s 3d; Tooths, 48s, 49s od. 49s Gd, 49s 3d; Timaru (7s 6d pd.), 7s 2d. Freezing companies' shares were on a dull market. Canterburys, however, were inquired for at £9 15s Od. Sales reported were as follows: — ■ ■ • INDUSTRIAL AND OTHER SHARES. New Zealand Refrigerating (£1 pd.), 19s 6d; and (10s pd.), 9s 4d, 9s 3d. Shipping shares were very quiet, but buyers of ;Huddart-Parker ordinary nt 35s 9d brought forth a quotation of 36s 6d to 37s 6d. Sales in this section were reported as follows: — Devonport Ferry, 245; Huddart-Parker (pref.), 295; P. and O. Deferred,. 21s 3d. Woollen companies' shares received favourable attention. For Wellington (ord. and pref.) £5 9s was offered without attracting quotations from holders. Mosgiels were wanted at £10 15s. Sales were reported as follows:— Bruce Woollen (ord.), 14s 9d; Kaiapoi Woollen, 13s 6d. and (7s Gd pd,) 4s fid. Timber shares inquired for included Tanpq Totara at 5s 6d; Rotoiti at 2s 6d; Bartholomew at 14s. Others were sellers. Sales were reported as follows: — National Timber, 14s 4%d. Business was fairly widespread over the

miscellaneous section, the following sales being reported::— Anthony Hordem, lCs. Beaths (Is pd.), cum. div., 10s Gd, Ms 3V 3 d; British Tobacco, 39s 2d, 39s Cd, 39s sd, 39s Id, 39s 3d, 39s 6d; Broken Hill Proprietary, 52s 3d, 52s 4%d. 52s 6d, 535, 52s lid, 52s lOd, 32s Sd, 52s 7d,'52.s Gd, 52s Bd, 52s sd, 52s od, 52s 6d. Claude Neon (Sydney), 425; Consolidated Brick, Us. 10s Ud, 11s Id, Us; Colonial Sugar, £68 ss. Dominion Fertiliser, 20s Gd; Dominion Pictures, 16s; Duulop-Perdriau Rubber, ' 19s 6d, 19s s"d. 19s 3d, 19s 2d, 19s 6d. Electrolytic Zinc (pref.). 35s 3d, 35s 9d, 35s 10d', and (ord.), 27s 6d,'27s Bd. Farmers' Trading, Gs 3d; Farmers' Fertiliser, 19s Od. Gordon and Gotch, 465; Grey and Menzies, 4s 9d. Hill and Plummer. 16s 9d. 16s Sd. Kelbmne Tramway, 2fo Gd. Morris Hedstrom, 17s 4d; Mt. Lyell, 19s 3d, 19s, 19s Id, 19s 2d, 193 Id. 19s 2%d; Mason Strutbers (£1 pd.), 16s. National Electric, 8s 2d; New Zealand Newspapers, 32s Gd; New Zealand Paper Mills, 33s 6d. Robinson Ice, 20s Gd. Sanford (ord.), 3s 2d, 3s 3d; and (pref.) Us. . Wilson's Cement, 32s 6d. Younghusbands. Ltd., 28s. Unlisted.—Associated Motorists (pref.), 225; Peters Ice Cream, 20s; Woolworths, Vie. (pref.. cum. div.),-28s; Woolworths (Sydney), 77s Gd, 77s 9d, 7Ss, 775, 78s, 765, 76s Od.