AUCKLAND SHAREMARKET.
BUSINESS DONE. AT THE 10 A.M. CALL TO-DAY—. Last Sal Moanataiari (fully paid) £0 1 9 .. £0 2 AT THE 12.15 P.M. CALL TO-DAY— Union Bank 10 18 6 -.. 12 0 BANKS— Buyers. Seller Australian Commerce — .. 1/5/ Australasia — .. 11/15, Commercial 1/2/3 .. 1/2/ Commercial (rights).. 1/1 .. 2/ Commercial (pref.) ... 6/13/6 .. — N.Z. National 6/2/0 .. 6/7/ New South Wales 38/0/0 .. 38/12/ Ne.w Zealand 2/14/6 .. 2/15/ Queensland National 7/0/0 .. 8/0/ Union of Australia .. 10/18/6 .. 11/0/ INSURANCE— National — .. 15/ New Zealand 2/0/0 ~ 2/4/ Queensland — .. 2/16/ South British 2/15/0 .. 3/0/ FINANCIAL— Dalgety and Co — .. 12/0/ Dominion Investment and Banking Assn. — .. 1/0/ Dominion Investment and Banking Assn. (B shares) — .. 19/ Farmers' Auctioneering — .. 4/1/ Farmers' Auc. (B pref.) 16/0 .. — Goldsbrough, Mort ... 1/0/6 .. 1/11/ Newton King (pref.).. 11/0 .. — N.Z. and Kiver Plate — .. 1/JO/ N.Z. Guarantee Corp. — .. 8/ North Auck. Farmers' 2/0 .. — N.A. Farmers (B pref.) — .. 11/' COAL— Hikurangi Coal 1/3 ~ 3/( Hikurangi (pref.) .... 4/6 .. — Hikurangi (A pref.) .. 3/6 .. — Pukemiro — .. 3/13/ Kenown . — . .. 16/ i Kenown (pref.) ...... — .. 3/i Kenown (new iesue).. — .. 3/: Taupiri — .. 1/8/! Waipa — .. 14/ i GAS— Auckland 1/3/9 .. l/ 4/( Auckland (cont.) — ..' 18/( SHIPPING— Devonport Ferry 1/2/0 .. — Howard Smith, Ltd... — .. l/ 0/( Huddart, Parker (ord.) 1/17/0 .. 1/18/t Northern Steam (p.u.) 13/6 .. 14/f Northern Steam (cont.) — ..' 7/( TIMBER — Bartholomew 1/0/6 .. — Parker, Lamb — .. 17/6 BREWERIES— C. L. Inues and C 0... 1/1/0 .. — C. L. Inues tpref.).... 1/1/fl .. — Crown 8/0 .. — N.Z. Breweries — .. 4/2/(1 Staples — .. 2/13/0 MISCELLANEOUS— Australian Glass 2/0/0 .. — Aust. Iron, Steel (pref.) — .. 1/0/6 Booth-MacJDonald (pref.) — .. 5/0 British Tobacco 2/0/3 .. 2/0/9 Bycroft. Ltd 1/11/6 .. 1/IC/O Colonial Sugar — .. 44/0/0 Dental and Medical.. 10/0 .. 13/6 Dominion Pictures... 1/0/0 .. — Dominion Pic. (prof.) 1/0/0 .. — Farmers' Trading .... 8/4 .. 8/9 Farmers' Trad. (B pref.) 12/0 .. 13/0 Fuller's Pictures .... — .. 18/0 Gear Meat, Ltd — .. 2/1/0 Hay ward's Pictures .. — .. 18/0 Theatre, Arcade (pref.) — .. 1/2/0 Kempthorne, Prosser.. — .. 3/14,0 Milne, Choyce (deb.).. — .. 1,7/1) N.Z. Farmers' Fertiliser — .. 1/2/U N.Z. Paper Mills .... — .. 1/1/0 N.Z. Kefrigerating ... 10/0 .. — Northern Boot 8/6 .. — Sanford, Ltd — .. 16/6 Sanford, Ltd. (pref.).. — .. 1/0/0 Sharhmd and Co — .. 1/1/') Sharland and Co. (pref.) — .. 1/1/3 S. R. Maxwell and Co. 4/6 .. 9/0 Taranaki Oil Fields.. 3/0 .. 4/b Union Oil — .. 2/1/0 Wairakel ' 5/0 .. — Whltcombe and Tombs — .. 2/5/0 Wilsons Cement ..... 1/17/0 .. 1/19/6 MINING— Alburnia 0/3 .. 1/0 Lucky Shot (pd.) — .. 2/0 Moanataiari (5/pd.) .. 1/9 .. 1/11 Moanataiari (2/4 pd.).. 1/0 .. 2/0 Moanataiari (1/6 pd.).. 1/0 .. -2/(1 Ohinemuri Mines 2/9 .. 4/3 Waihi 13/1 .. 13/6 Waihi Grand Junction 1/1 .. 1/4 Mount Lyell 1/14/0 .. 1/1-V6 Kuala Kampar Tin ... — .. 9/0 DEBENTURES— Auck. H. 8., 1041, 6 p.c. 102/0/0 .. — Devonport, 1961, 6 p.c. 102/0/0 .. — Gisborne Sheep Farmers — .. 94/0/0 Hamilton Loan, 6 p.c. 100/0/0 .. — Mt. Eden, 1057, 8 p.c. 102/0/00 .. — Williamson's Films, 7} — .. 103/0/0 WAR LOANS— Loan, 1938, 4 J p.c. ... 99/0/0 .. — Loan, 1939, 44 p.c. ... 09/5/0 .. , — Soldiers, 1933, 5J p.c. 98/10/0 .. — Loan, 1936, Si p.c. ... 93/10/0 .. — INSCRIBED LOANS — Loan, 1038, 4J p.c. ... — •• 90/10/0 Loan, 1939, 4} p.c. ... 99/0/0 .. 100/0/0 Loan, 1027-41. 5J p.c. — .. 07/W; , Loan. 1933. 5i p.c. ... — •• »8/iO/n Soldiers, 1930, 5J p.c. — .. 98/10/0
AUSTRALIAN STOCKS.
"THE CLOUDS WILL LIFT."
LONDON, February 2,
The "Observer" says the holders of Australian securities are suffering from exaggerated pessimism. It seems certain that the average rate of interest for the maturing internal debt must be raised to 6 per cent in order to find the replacement money. This naturally has depreciated the value of existing stocks, but the clouds will pass. Holders of securities would therefore be ill-advised to throw away their investments at the prevailing prices.
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Auckland Star, Volume LXI, Issue 28, 3 February 1930, Page 4
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552AUCKLAND SHAREMARKET. Auckland Star, Volume LXI, Issue 28, 3 February 1930, Page 4
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