STOCKS AND SHARES

Evening Post, Volume CXXX, Issue 84, 5 October 1940, Page 14

STOCKS AND SHARES

SOME PRICES EASIER

LOANS IN DEMAND

"Evening Post," October 5,

Values of some New Zealand shares generally dealt in were inclined to ease this week, and there would appear to be no doubt but that the compulsory loan is having an unsettling effect on the share market. The demand for gilt-edged investments, however, continues strong, especially for longdated and this refers to city 4£ per cents, as well as to Government loans. Bank and insurance shares show but little change over the week, and they continue in good demand, but with sellers inclined to meet the market. New Zealand industrials remain steady, but the business reported in such shares does not indicate any feverish demand and in some instances, concessions were made by sellers. GOVERNMENT LOANS. A fair amount of business has been reported in Government loans this week with special attention paid to the remoter maturities and some advances in prices paid. Approximate prices for New Zealand Stocks last year and prices paid last week and this week are as follows: — Kate Oct. Last This Per Tear. 1939. week. week, cent. £ £ £ 3 1941 98^ 99% *99% 3% .... 1953-57 i 92 101% 101% 3% .... 19-11 100 101 101 4 .... 1940-4S 98% 101% *101% 4 .... 1943-46 98% 103 103 4 .... 1946-49 977g 106 106 4 .... 1948 101 *105 105& | .... 1949-52 98 106% 106% I .... 1952-55 98 107% 107% 4 1954-58 9S 108 108% *Buyers. Interest is due on 4 per cent. (1946 49) on October 15; on 3J per cent. (1941), 4 per cent. (1948), 4 per cent. (1949-52) on November 15, and on 4 per cent. (1&54-58) on November 30. Reported sales of Government Stocks and Bonds this week were as follows:— ZMs per cent. (1953-57), £101 12s 6d; 8f per cent. (1941), £101; 4 per cent. (1943-46), £102 15s, £103; 4 per cent. (1948), £105 ss; 4 per cent. (1946-49), £105 15s, £106, and Bonds, £106; 4 per cent. (1949-52), £106 15s; 4 per cent. (1952-55), £107 15s; 4 per cent. (1954-58), £108, £108 ss, £108, £108 7s 6d, £108 ss, £108 7s 6d. Sales of 4J per cent, local body debentures were reported as follows:— Wellington City (1952), £106 12s 6d; Christchuxch Trams (1949), £105 15s; Auckland Harbour Board (1959), £108 2s 6d; Mt. Albert Borough (1948), £104 10s. 3£ per cent. Ellerslie Town Board (1955), £98; 3£ per cent. Takapuna Borough (1954), £97. Company debentures sales—s per cent. Auckland Gas Perpetual, £101 15s and £102; and 6 per cent. Amalgamated Brick, Auckland (1944), £101 15s. NEW ZEALAND SHARES. Bank of New Zealand shares kept at 42s 6d all through the week. National Bank of New Zealand eased down with sales at 40s 9d, dropping to 40s 3d. Union Banks were steady at £7 to £7 2s 6d. Commercial Bank of Australia held at 15s. Bank of Australasia had business at £8, rising to £8 7s 6d and £8 10s. Insurance shi as were quiet but firm at last week's prices Financial and pastoral shares had but a moderate inquiry. Breweries were weaker. Store shares showed but little change. Highest prices realised for New Zealand shares this week are compared with those paid or with buyers' offers of last week as follows:

Wilson's Cement 0 19 9 ■ 0 19 6 i ""Buyers. AUSTRALIAN SHARES. The Federal elections as well as the European and Far Eastern situations affected Australian markets this week, although at the close Sydney reported some improvement in prices. Some Australian shares in New Zealand continue to show advances in price over those paid for them in Sydney or Melbourne, for instance, Colonial Sugars sold in Sydney at £48; in New Zealand at £52 10s. Broken Hills at 445; in New Zealand at 46s 9d to 475. G. J. Coles at 65s 6d; in New Zealand at 68s 6d to 695. Woolworths, Ltd., at 17s 10d; in New Zealand at 18s 3d to 18s 6d. The Australian markets this week, as last, reflect the general uncertainty in the minds of investors, but there are no violent fluctuations to report. Highest prices or buyers' bids last week and those paid this week are as follows: — Last week. This week. £ 8. d. £ s. d. Aust. Consol. Indust. . 1 18 0 1 18 6 Broken Hill 270 2 70 Burns, Philp ♦ 212 0 212 0 British Tobacco 2 10 0 2 10 3 Colonial Sugar 52 10 0 52 10 0 Huddart, Parker ....* 210 0 212 0 Dunlop-Perdriau ....* 018 6 019 6 Woolworths, Ltd 0 18 6 0 18 6 G. J. Coles * 3 6 0 3 9 0 Tooth's Brewery ....* 2 11 0 2 11 6 Mount Morgan • 0 8 0 0 8 6 Broken Hill South ..* 15 6 16 3 *Buyer. Taranaki Oil Developments improved in price from 3s 2d to 3s 4d.

Rather more attention than usual was.paid to gold shares this week, the sales being reported as follows: — Martha Mine, 7s 6d to 7s 9d; Clutha River, Is 9d to 2s; Big River, 6d; Mossy Creek, Is 2d; Addison Flat, Is; Okarito, 7£d; Associated Gold Dredges (unlisted), 9s 6d.

Last week. This weefe. Bank of N.Z. • f £' f % \% Bank N.Z. D ♦ 18 3 18 6 N Tat. Bank N:Z. ..... 20 9 2 03 Bank Australasia >;..-.■ 8 7 6 8 10 0 Union Bank 7 2 6 7 2 6 Commercial Bank .... 0 15 0 0 15 0 N.Z. Insurance 3 0 6 3 0 6 South British ........ 2 10 0 2 10 0 Natftmal Insurance .. 0 18 9 0 19 0 Wright, Step'son, pf.* 0 19 6 10 6 Equitable Building .. — 0 12 6 Auckland Gas 084 084 Christchurch Gas .... 150 150 Devonport Ferry ....» 110 12 0 ST.Z. Refrigerating, £1 1 0 11 1 0 11 NF.Z. Kefrigerating, 10s 0 9 6 0 9 6 Damaru Wool * 1 0 3 1 0 6 Bond'3 Hosiery * 17 0 17 6 N.Z. Breweries 1 14 6 1 14 3 Dominion Breweries .. 1110 1110 Booth, Macdonald, pf. 0 4 3 0 5 0 Farmers' Trading .... 103 106 Milne, Choyce deb. ..* 0 14 6 0 15 1% McKenzie's ...* 2 4 10 2 5 0 Woolworths, N.Z. ,.... 0 16 7 0 16 10 MacDuffs, ord 0 11 0 0 11 0 Farmers' Fertiliser ..» 10 9 113 Claude Neon, N.Z. ..* 110 116 Nat. Electric * 0 17 6 0 17 6 N.Z. Drug 3 14 3 3 14 6 McLeod Bros • 27 0 0 27*10 0 Donsol. Brick * 0 74 0 76