SHARE MARKET.

Manawatu Standard, Volume LX, Issue 130, 2 May 1940, Page 14

SHARE MARKET.

DEALS AT WELLINGTON. AUSTRALIAN SHARES APPEAR. Business on the Now Zealand Stock Exchanges yesterday was quiet, but a number of leading Australian industrial chares again appeared in the quotations list. In every case quoted prices were on a par with those ruling in Sydney and Melbourne. General satisfaction is expressed with the lifting of the ban upon trading in overseas stocks and shares. The recent cessation of dealings not only reduced tho volume of business substantially, but it had also resulted in considerable embarrassment to brokers and clients. Mr Andrew Hamilton (president of the Stock Exchange Association of New Zealand, and chairman of tho Wellington Stock Exchange) said yesterday that “it will be realised that the regulations were brought down by the Government in order to close the door to ‘black’ exchange operations, but representations were made by the Associated Stock Exchanges to the Clovernor of the Reserve Bank, as deputy for the Minister of Finance, pointing out that the condition created went much further and so stopped business ' that many holders of overseas securities were seriously embarrassed in making necessary realisations on their shares. “The undertaking entered into some months ago by Stock Exchange members not to operate in tho ‘black’ 'market had been strictly adhered to, but other channels were still open. These representations were duly considered and the amended conditions, which are very fair, resulted. “The exchanges are again quoting leading Australian shares,” said Mr “Hamilton, “but it -may be a few days before prices adjust themselves. These will now be unaffected by any ‘black’ markot influence and the law of supply and demand will bo free to operate.” The latest buying and selling quotations -ecorded yesterday on the Wellington

YESTERDAY’S SALES. Wellington.—£l2oo Govt. Stock, 4 p.c., 15-3-40-43, £lOl 15s; 1200 N.Z. Guarantee Corp. (2), 3s 6d; 100 South British Ins., £2 9s 9d; 200 N. Roller Mills, £l. Auckland. —Govt. Stock, 4 p.c., 15-3-40-43 £lOl 15e; 15-2-43-46, £lO3 ss; 15-2-43-46’, £lO3 ss; 15-6-52-55, £lO5 15s; Auck. Harbour, n.c., 9-7-59, £107; Auck. City, 4i p.c., "1-1-40-59, £103; South British Insur., £2 9s 9d; Newton King, pref., 10s; Wright, Stephenson, pref., _ £1; Pukemiro Coal, 16s; Consolid. Brick, 9s 9d; Lewis Eady, prof., 18s; M.K. Mfrs., 6s; N.Z. Paper Mills, £1 12s; N. Roller Mills, £1; Farmers Trading, £1 Is. Christchurch. —Bank of N.Z., £2 3s 8d; N.Z. Refrig., 10s paid, 9s 6d. Dunedin. —Govt. Stock. 4 p.c., 15-2-43-46, £lO3 ss: 15-2-43-46, £lO3 2s 6d; 15-2-43-46, £103; Wright, Stephenson, pref., £1; Southland Meat, ord., £1 15s; N.Z. Paper Mills (4), £1 12s.

Stock Exchange were as follow: Buyers. Sellers. N.Z. GOVT. LOANS— 3 p.c. Stock, 15-7-1939- £ s. d. £ s. u. ■ 41 99 15 0 — 31 p.c. ditto, 15-1-•1953-57 100 0 0 — 31 p.c. ditto, 15-11-1938-41 101 12 4 p.c. ditto, 15-3-1940-6 0 43 102 0 Dito, 15-2-1943-461 ...103 0 0 — Ditto, 15-6-1952-65 ...105 12 6 — Ditto, 31-5-1954-58' ...106 10 3 p.c. Bonds, 15-7-0 " 1939-41 99 15 0 — 31 p.c. ditto, 15/11-1938-41 101 12 6 — DEBENTURES— Amalg. Brick, Wgtn., 6 p.c., 31-3-44-69 10 0 — BANKS— New Zealand ■ 2 4 0 Ditto, D long term ... — cl 10 0 FINANCIAL— Equitable Bdg. Co., 5 p.c. peri), dub. 0 15 9 — Newton King, prof. ... — 0 10 2 Ditto, ord 0 0 9 — N.Z. Guarantee Corn. — 0 3 9 GAS— Christchurch 1 7 0 — Ditto, contrib ■ 0 15 0 Wellington, ord 1 12 6 — Ditto, prof 1 2 0 — INSURANCE— New Zealand — 3 6 0 South British — 2 10 0 MEAT PRESERVING— Canterbury 9" 15 0 12 0 0 Ditto, prof 6 12 6 — N.Z. Refrigerating ... 1 0 0 . Ditto, 10s paid ...' 0 9 11 Southland WOOLLEN1 12 0 . Bond’s Hosiery Mills 1 6 0 Bruce 0 16 0 — Oamaru ■ ’ 1 0 0 Prestige, N.Z. pref. ... — 1 3 0 Thi'nru ...: 0 9 6 — Wellington, ord — 6 12 0 Ditto, pref — 7 0 0 COAL— Kaitangata xl 10 0 — Westport 1 4 0 TIMBER— Leyland-O'Brien 0 13 0 — Rotoiti 0 3 8 — Ditto, pref 0 16 3 — Taringamutu cO 13 6 — T'aupo Totara, ord. ... 0 4 9 — Ditto, 16s pd., pref. 0 12 6 — BREWERIES— Dominion 1 13 9 1 15 0 N.Z. Breweries ...... ' 1 18 0 Tooth and Co 2 12 9 — Tui MISCELLANEOUS— 2 2 b British Tobacco 2 7 3 — Broken Hill Pty x2 7 9 — Colonial Sugar 52 10 0 0 10 0 Con. Brick and Pipe 0 9 2 Den. and Med. Sup. 0 12 0 — Donaghy’s Rope 2 11 6 — D.I.C., ord 0 12 3 - * Ditto, pref 1 2 0 — Farmers Trading . 1 1 0 Felt and Textiles 2 1 0 ' G. J. Coles 3 10 6 . Howard Smith, ord. . 1 3 6 — 0 Macduft's, ord 0 7 0 0 8 Ditto, pref McKenzie’s — 0 15 2 2 6 b 2 9 0 National Electric 0 17 6 0 18 6 N.Z. Drug 4 1 0 — 0 N.Z. Farm Fertiliser — 0 1 2 Ditto, pref 1 1 — N.Z. Paper Mills Taranaki Oilfields .... 1 10 0 — 0 7 0 — 3 Wilsons N.Z., Cement 0 19 3 1 0 Woolworths Ltd., ord. 1 1 0 — Woohvortlis Properties, prefd. ord 1 5 6 — 0 Northern Roller Mills ’. 1 1 MINING— Broken Hill South ... 1 8 0 TMount Lyell 1 11 0 — Mount Morgan 0 10 4 — North Broken Hill .. 2 5 0 — c Cum dividend, x Ex dividend.