COMMERCIAL

Evening Post, Volume CXXXI, Issue 121, 24 May 1941, Page 6

COMMERCIAL

THE SHARE MARKET

UNEVENTFUL WEEK

"Eyening Post," May 24. Business in the share market this week was flagging and uneventful. Prices remain steady with no unusual eagerness on the part of holders to sell. Interest continues keen in the giltedge section, and, in Auckland, city loans had fair business. Investors are at present interested in the latest conversion of Government loans. Shortly after the issue of the prospectus the Minister of Finance, Mr. W. Nash, was able to announce subscriptions of £6,650.000 towards the £21,250,000 required to be converted. GOVERNMENT LOANS. War loan moved up this week to £82 15s. Approximate prices for New Zealand Government Stocks this time last year and for last week and this week were as tollows:— Rate per May, Last This cent. Year. 1940. week. week. £ £ £ 3] /a .. 1953-57 100 - lOll^ 101% 4 .. 1940-43 100 Va lOl'/s IOIVs 4 .. 1943-46 103 10?. 103 4 .. 194G-49 103% 103 Vi 103V4 4 .. 1948 104 104% *103 4 .. 1949-52 10tV;. 106% *10:j% 4 .. 1952-5.". 103^4 lOGV2 30l!V. 4 .. 1954-5S 104 107% 107% War Loan 1953 — S2VL> 82% •Buyers. Interest is due on 4 per cent. (1955) on June 15 and on 3 per cent. (1941) and 3i per cent. (1953-57) on July 15. Sales reported this week were as follows:—War Loan, £82 10s, £82 15s; 3| per cent. (1953-57), £101 2s 6d; 3J per cent. (1941), £100 10s; 4 per cent. (1940-43), £101 2s 6d: 4 per cent. (1946----49) £103 ss, and bonds £103 ss; 4 per cent. (1949-52) £104 ss; 4 per cent. (1952-55) £106 10s; 4 per cent. (1954----58) £107 10s. £107 12s 6d. Local body 4.1, per cent, loans sold included Auckland Harbour Board (1959) to £107 ss; Christchuch City (19511 £105 10s; Dunedin City (1948----51) £104; Wanganui City (1950) £103; Napier Borough (1956) £105 10s. Coupon debentures sales reported were 4;* per cent. N.Z. Farmers' Co-op (1951) £81; 6 per cent. Amalgamated Brick, Auckland (1944) £101 ss; 5 per cent. Auckland Gas (perpetual), £96. NEW ZEALAND SHARES. Highest prices reported paid or bid for New Zealand shares, including shares of banks trading in New Zealand, were as follows:—

There were also sales of Berlei (N.Z.) nt 67s Od: Dominion Fertiliser (pref.) at 225: Farmers' Auctioneering B pref., 21s; LeylamlO'Brlrn Timber, 15s: Mining House Concessions, '/.d. Unofficial: ,T. .T. Nlven. Ss fid; .Farmers' Trading, C pref.. 19s Id; Farmers' Freezing (£1), 20s Gd; Sllkntt, 6s 6d; Wilson's Cement, at. lfls 3d. is cum div. ♦Buyers. | AUSTRALIAN SHARES. 1 Highest prices reported bid or paid for Australian shares in New Zealand last week and this week were as follows: — Last week. This week. £ s. d. £ s. d. 'British Tobacco ~..* 2 6 3 2 7 0 Broken Hill 2 2 t> 2 3 0 Colonial Sugar ....* 51 15 0 52 10 0 Ituiilop-Pcrdriatl .... 1 1 C 117 Howard Smith — 0 19 9 1 Wilcox MolHin 08 0 08 2 Wooluorths, Ltd. ... OHi 2 016 2 Woolworths I'roperlies* 1 4 C 14 9 Woolwnrlhs Holdings * olt 3 015 0 Imp. rhem. Indust pf. * 1 3 0 14 0 Mount Morgan OSG 090 ♦Buyers.

Goldmining and dredging sales reported were Loloma (Fiji), ex div., 22s Id; Emperor Mine (Fiji), 11s; Martha Mine, 8s 3d; Wellington Alluvials (N.S.W.), 3s 9d; Associated Gold Dredge (12s paid), 10s 6d, 10s 7d.

Last week. £ s. d. This weel £ s. d. Bank of X.Z Bank X.S. Wales ... X.Z. Insurance South British Standard Insurance .. Kciuitahlc Building .. Wc.stport-Stockton ...* I'ukemiro Coal ....* Auckland (Ins Christclwrch Gas Farmers' Trading .... Woolworths (X.Z.) .. MaeDtiiTs (nrcf.) ...* X.Z. Breweries .... Dominion Breweries .. Tallin's Brewcr.v .... Wellington Woollcu . . Kaiapoj Woollen ...* Bruce Woollen .... * N.Z. HpfriRcratinjj, £1* Bycroft X.5i. Drue N.Z. Paper Mills ....* N.Z. Newspapers ...* N.Z. Fertiliser * Dominion Fertiliser .* Milburn Lime * Consolid. Brick * Wilson's Cement .... 1 17 7 28 2 G 3 10 2 10 0 3 0 6 0 10 0 0 2 4 0 15 3 0 5 (i 1160 10 4 0 13 4 0 18 3 1 11 0 18 0 \G 13 0 0 13 1 10 9 0 16 5 2 3 9 3 17 0 10 0 1 8 (i 0 IS 6 1 r, 0 1 17 0 0 6 I 0 18 fi 1 17 9 2S 0 0 3 2 3 2 11 C 3 0 6 0 8 0 0 2 G 0 16 0 0 5 10 113 10 0 0 13 4 0 19 0 1 11 3 1 8 9 0 10 3 (i 13 0 0 15 G 1 1 0 0 17 0 2 3 11 3 17 0 1 10 0 1 9 ti 0 10 0 1 f. 3 1 17 (i 0 6 6 0 10 3