1 STOCKS AND SHARES

Evening Post, Volume CXXIII, Issue 120, 22 May 1937, Page 12

1 STOCKS AND SHARES

A STEADY5 MARKET

GOVERNMENT LOANS

WANTED

'.'Evening Post," May -.22,

Steadiness characterised the investmerit market this week, but the turnover was moderate.. Demand for Government Loans was well sustained, but with one or two exceptions—New Zealand Breweries and Staples shares,: some .banks, .and Colesand W,oolworth's,.Ltd. —other; investments were in but moderayt,e demand, "-' y ; \ The course;.of the Government Loan market,..this ..week, , compared ' with i prices for suchinvestments', a-'year ago, is. jnbwny as-follows:'- 1--y yi ''-?''' 'Mar 28,.- Last This .. Et'oek. "".-"'-'-''' 1036.'. week. . week. ' p.c.''" -~ --Tear.'' & _ ■--£■■ £ . hy,. '1941' —.. 97 ■ " 88% . SW.'-'-> - IM3 .. 1027 a- 8101 - 100% ' SW "■ • ' 1952 . 103 . 102% BIOOH 34'"'; -195T -f 99 99% 394. -.; .1941 100% 8101% 8100 4--,., IM6 - 104 103% 103%. 4 ' -. 1949 . 101% 103 103 4 : 1935 • 106% 104%' *104% •B',' buyer. ;• Half-yearly Interest-due ,yy June 15. WELLINGTON BUSINESS. Transactions on the AVellington Stock Exchange,' as. reported, showed a continuance- of interest in bank shares, and a'good demand for certain; brewery jsh'ares; r: Busines's in retail stores was 'also--', brisk;- Sates were; as' follows— ■-'•'■•".' •■_"'. Ynlue. :. J-" A: '.'.. :-. .- v ■ Xo, £ ' . j ' Gort.r Loans .- "..—. .1,280. ! ..Lbc*l. body.loans .. -..—- 200 >' -'Banks '•'. .-ii..;'.'' 1.601 4,071 ' ' v'Tlhance " . 350 .193.. .'•■'' Goal. -. .- • 791 297. 'Gas. '. v......'....-... 175 .183 -•Breweries:' -....--1,965 • .. 5,261' 'v Freezing . -~., " -.. ...i .600 480 .' ........ -1.600 , - 6,900 -•Stores '....-......■ '1,025 ' 3.650 'c'Jlistellaneous 1,325- 2.422 yMlhlns .... :'■,., 2,850 .... 1.870 i,<..: --.. -- 12,282-., £26,892 The.inquiry for. Government stocks i and bonds''was strong throughout the , week', . and;, sellers appear -to be few . and far between. Sales were reported as'f'follows: —. .'-.- .-. l3i>er cent. StockvClO'll), £96 7s 6d; 3i per cent. (1941-43), £100 ss; 3* ' percent. Stock (1953^57), £99 2s 6d; iper cent. Stock(l946), £103 2s 6d, £103'10s, and Bonds ;£ 103, £103 10s; 4:pervcent. Stock (1949), £103 2s 6d, £103; and Bonds £103, £103 7s 6d; 4: per centystock (1955), £104 10s. Local body..debentures inquired for included 4:hper cent. Wellington City (1957) at £104 10s, with no response ; from holders.1. Business in local body investments -was. reported -as follows:— * '41-per -cent.:-Auckland Power Board (1945),'- £103 10s; 4iper cent. Chnstehufch'Trams (1957),-.'£lo4r'4J -per cent. Auckland- City (1944-60), £104; 4ii per' cent. North Canterbury Hospital Board (1950), £104; 4f per cent. NdWrriarket Borough (1952), £104 Company-debentures'wanted includi'edV6i per cent; Gisborne Sheep. Farm r eri.'(l94l);' at:-£lOl 10s;_4. per cent, Quill,, Morris (1946), at £80,. with sellers ;at;:£9s; 4* per cent. New Zealand Refrigerating: (1940-45) at £ 10115s; and Amalgamated Brick (Auckland), at £99 ; l sellers . £100; Sales this week ■werei-f:;'y/ i y-'''Vi- '•'.-"■'' -A-.y:- ■■ -' ■ -.. .iy ' ■v'.4tiyperJcerit.y: Ne>v Zealand Farmers' Co-op. (1945), Christchurch, £91. MOTCS; INSURANCE, FINANCE. i)emand> for Bank of : New Zealand ordinary i shares, cum dividend, has been steady throughout the .week, ■ and : up'! t6''44s;3d:was paid yesterday;- the . long-term -: mortgage y issue, (. also cum , dividend,. - showed: , a slight appreciation: Commercial, ordinary, held their, i own.' Unions improved.' E.S., and A.swere inclined to weaken. -Commercials of' Sydney y were quoted by. seller^ at-, £22-ss. 'National-of New Zealand had buyersat 685'3(1 with no. sellers: quoting : below 64s 3d. Sales were reported f as follows:— Bank of New Zealand (cum div). 445, 43s 9d, 43s 10d, 445, 435, lid, 44s 2d, 445.3d; v and, D, long-term (cum div), 26s' 6d,-26s 9d; BankofAustrai-lasia,-'£l2:los, £12 12s 6d; Bank of New; South,; Wales (cum dm). £37 17s:6d, £37,155, £37 12s 6d, £37 ,10s; Commercial v-Bank of Australia, 19s Id, 19s 2d: 19fe.Id, 19s 2d, and (pref.), £9"; 10s;v National Bank of Austral-. asia;£s paid;(cum jdiv.), ,£./, 16s; English,: • Scottish,' and Australian ' Bank,'£6-9s ,6d, £6-8s; Union Bank of Australia, £11 4s, £11 3s 6d, £11 4s 3d, £11 ss^ Very-little interest was shown in th? i insurance.,'. share -section - .Nationals had sellers ,at 17s 4d to 17s U Without 1 attracting bids.'. Queenslands were to ' be bought at 60s, but there were no inquiries .for them:,. Sales werey reported ;as follows:—r ]__.-■ New Zealand Insurance, 61s 9d, 625, 62s 6d, 62s 3d; Standard • Insurance, 595; South'. British," :945.' •;■• r : Pastoral companies' shares .were on I a quiet but firm market; Dajgetys ex dividend had sellers quoting, £10 17s 6d, but buyers were not interested. iNew Zealand Loan and ■ Mercantile ,were wanted at - £47, but sellers'idea •of their value was £51. Newton King '(pref.) were, wanted-at..75.6d,- sellers 'asking 9s. ' and - Williams I Cr\rel) were inquired for- at ■ 85s and had sellers at 955. Wright,-Stephenson (ord.) yhad buyers;at 18s-6d; and, for preference, 20s,- btit sellers, did not quote. '•'"■ ■'. ', .: .-■' i- . ••■■'■-. >. -'.; In the financial share ■ section there i were'unacceptable offers .to buy Equitable Building at 10s and Wellington Investment T. and A. at ?s; New. Zealand Investment and Mortgage had buyers at.9s 9d and sellers- asking 10s 2d. New Zealand and,-River Plate Land had sellers at 20s, but.no buyers. Sales in this section we/e. reported as follows:— •■-■.'."• j ... , Farmers' Auctioneering' (B pref.), 225; Goldsbrough'Mori, v37s 6d; North Auckland Farmers CB- pref.), lis; National Mortgage (A.), 52s lid; 52s 6d; New Zealand Investment Mortgage, 9s Hid; Traders' Finance (con.), 4s 9d, and (paid) 13s 9d. BREWERY SHARES. A conspicuous feature in the brewery section this .week has been the .sharp advances made in the prices of ,-shares of'.J. Staples and Co. and N.Z. Breweries. • It was announced on Wednesday that director^ of the former had under consideration -an option of N.Z. Breweries, Ltd., to purchase certain of its property assets. The news sent the value of Staples shares up with a bound and ,the week opened i.- -~;,.„-, ij y -,• .- ■■ '-- .