RECOMMENDED.

Auckland Star, Volume LXIX, Issue 280, 26 November 1938, Page 4

RECOMMENDED.

SUGGESTED PORTFOLIO. To the investor desirous of investing surplus tunrls the following securities are recommended as a group from which solorlions can be safely and profitably made:—Kate of Int. yii'M Market div. or to imrclisr. price in:crest .

Tlir allow t :ilt-iil:itit>ii« arc base.l upon the ia'.i-t <ii\ !■ 11 •1H 1-i tli.it have heoll I'.ii,i!:!all'l ill tin' r.iM> 111 tlir (liivi nim'Ut >*. i. -1.. iii.nn i >•. Icin |>t inn at 111 -111 i: it \ m I:• 11. I 111' n]ilinnal <latl', it wiil ho seen, li.is j>i>t « -x|■ ii o. 1. Karl' tif I lie ahovp stocks. wit 11 (inr i \t I'j.t ;oii. li.is Ix-fTi rfci.iiiiiit'lnlci! in tMrsr '*1>! i 1111 lis in li'iclit months. tile liiianii.il i H '-it ii ai anil capacity m rvt'i) .■as.' bavin'.: lii'fii fully cxplainril. S|n•<-ia 1 ii iilniin may Ik- ntl csseil as follow-: (:■ >\■ t■ i■ 1111•.t• 111 stocks rinyi' tile st.imliir.l i'! tin- whole <-< >m in ii ii it v 1 >i-l 1111 <1 tlii'in. iill — .-j irtivc of wliai C!t>\('in 1111-111 may Ii" in I'nWf!'. Tiir -link si'lcctfil lias iicvt-r hevii a-, i 111-a 1 > as it is to-tlay. aii'l tin- \ it-M a! 4'- I'll II lit |h • r it 111111 111 lias lu.'ll (-a!I'lilatcil afti'f allowing for brokers" torn11' is-i"ii.

'I he Bank of New Zealand is financially in au iinassaliable position, and its cal nar; capacity fi oni the point of view of ,-haieholil'is is 111 list lat eil by the fact that its '1n i. I end rate lor many years, including tne slum;, polio,l, has been unaltered at l'i per cent per annum. There has been ill! suggestion since the Labour (ioveillliicnt's nominees were placed on the duec'"late ol changing this late.

I!. :> li He there have been ;m>!it. i•■ i! vi; isi< ■i i r-i tli.it the (i (i\ ci 111111 • 11! u4l take "Vcr t I'c |.i iv;itc shai eholdin:_'s in tin- bank Willi a view to milking it entirely Stateowned. imt well infoi ined cii clcs tliink it unlikely tli.it .inch a plan will Wc caitieil ■ nto effect.. 'I'lic (iovcrniiiciit li.is siilficiciit pi nb'ieuis on its hands .11 present uII In. 11l assuming t res 11 responsibilities tli.it i.in lie aviiidiyl. Jti any case it can li ' assimieil from statements ininle liy the I'l 11111• .Minister, that any transfer to the >'■ lie |.|' private shares Would lie made It '111 lent market rates, as was the ease when the Kesei vc Hank shares were taken o\.-r. Hank oi New /calami shales have :i!».i\s Keen '.rood holding ami seem likely to i , ill t• || lie mi. l-ainuis Auctioneering shares have tiie 11. i' 1-. 111 _ r o! one oi the most sueces-i'r tar- '' i e liii.itii-iii-; concerns iii the I )om :11i; m. At l.i-t Ihiln 11 <-i i, ir the I! pi efercm hoi ■1 cos IT o! il\ el Lli per share in total a.-.-ets alter p: o\'it-i'iti li.nl lieen m.nle fur s l l u' I' y i I editors mi,! A pi el'erchee sliaie-ll-.'del S. I lie 1.. ...it ion of New Zealand Insurance •»': mei uas tu 11 \ dealt with a fortnight ii-o. ami those of Saltfiit il pret'ei etices ia.-L I in- return from Woolworths fS.vduey i is I el.it iVe I \ ||.W, llllt ill this case illVeshave evciy reason to expect special inc: imeiits Iloin time to time. In the past \\ oi .1 u. ut lis shares have proved a vei liable bonanza to lucky inve.-*toi .s who -ft in e.rly. and although the freipieiiey i.f special d Ist riluitions has liccn halted. thev may i o:ifident iy l>c looked for. Ati l the sillies should prove .1 j »rc»tit;ii>l e holding. M\ el oits. Limited, has not pi e\'i. i:; s I lieen imlud.ed in the list of red .in nun !atio s ill these colunHis. for the simple reason that the former market rate of 41 to 42 tor the ,t'l shares seemed to he tu'ly p! :ecd. Now that the market has ea i'd the scrip can he commended a- an ad . is,ill!,, purchase. Hycrofts. Limited, is a i 1 irt a ularly wclbnianaucd conce: a. and. \\li:!e iiio_ne-sive in its operal inns, has ill u r a stroll.- finance. TREND OF MARKET. The following table indicates the the ! nations in the values of various securities; —

A: S. (l. [i.e. .c ti. Stock : ir, 11 -ii . ;i7 in o 4 m n I'.uik .if N./.. . U II !» 10 4 1 * 0 l ';l 11 n• T--4" A 11 <' T.. i: 1 it ii .1 r> ii ii N.z. I ii -4 ii . _ 1- ii 1" :: in i' i»\ ci'i»! is i is o * 4 4:; S.In!',.r«I. . II 1 I II s II II W'.M.Iu <>!-: h- ( S\ (1. i 1 1 0 l."i ;) 11 Ii

KANKS. I22. Nov. 17. N'.v. 2:; r.i::7. i:i:;s. i!i:;s. - S. C s. (I. c s. (1. •\ ■'-i--i ... hi ir. it in n < '<■ n hi i • ■ n-i. 11 ii 17 ii ii iu ii -J,; ■. s - .'"I'l A. 7 r, r, 1 l i; f.-, m ii Nut.. N Z. . 2 l."i I) it it *j s <> Ni T.. A list. 7 ii i) *ii 1.-, ii »i; iit .v.s.w. . . :ej it <; :iu 17 1; :;n 17 1; N. Z»';il;inil 2 4 0 1! 1 7 2 n ',i ' '""in ii r, 8 10 0 s 11 ii MISKLI.ANEOIS. 4; *. <1. A; K. (I. C s. .1, s./.. insiir. :: n 214 2 ij ii S. Hritish . *2 S it 2 4 1 2 f: 1; UoliN. M. . 1 1 :t II 1 ,S !l »T S !l I'.ritisli Toll. 2 in ii s 1; •• s n iin.kni Hill :: n 2 is 17 ,, K!(i-. ziiu- J 7 n 2 1; r, 2 1; 11 t pi . > 2 7 11 2 in i> 2 s 1; AII-5I. «;i».<s 4 12 1; r, 4 II 4 1:1 Mt. 1 -> <-! I 1 in :i 1 !i 1 ;i -j ('■■I. S r 47 In 11 4s ."1 11 47 17 T; A ink. (ins 1 1 11 11 i s ! 1 11 i s :i w i 1 'iis 1'. 11 17 u 11 11; :i 11 ii; :i N./. 111""-. 2 1; 2 II 1; 1 1:, ;> ! "•11:. Mnw. 1 l!i !i 1 1:[ u i i - Fiiriiicrs' T. 1 (I II (i li) ."i <j ];) 5 (.Ii IVKIJNMKXT STUCK. '2 s. il. *2 s. ,|. C s ,1 1 2-r.r, . 1112 lii 11 :i'.i 11 n mi n n Hi).': in . 111:1 11 n us 17 i; <1:1 n i "17 . us r, n :i:j r, n - y •Nominal. fl-]x interest.