THE WEEK REVIEWED.

Auckland Star, Volume LXXI, Issue LXXI, 14 September 1940, Page 5

THE WEEK REVIEWED.

MARKET REMAINS STRONG

FAIR VOLUME OF BUSINESS.

Continuing the example of last week, a good deal of business was again done 011 the Auckland Stock Exchange in the past >ix days. Keenness was evident whic-b, until last week, had been conspicuously absent—at least among sellers—for some Lime. Values continued to move up and while there was a slight easing in a few isrtuoa about the middle of the trading week the market, generally speaking, was stronger at the close than at the beginning iif the week.

Business was fairly widely spread, but most was centred in banks, insurances and Dominion and Australian industrials. The section was quiet, not because "I lack of interest on the part of buyers but because holders continued to hold ,iioof. In this section, indeed, the upward movement has been evident for some months, but at each advance by buyers holders again withdraw. Trend of Market. Australian mining shares were also inquired after, especially Mount Morgans, which, on the face of "it, appear a good proposition at the ruling price, 8/. With the exception of Marthas, New Zealand mining is dead, and has been for months. Ihe following table gives the trend as between tl is week and last, the last sale in each case, where there was more than one, being the one quoted: —

The table shows that the market is higher in each case, and while an occasional quote for an issue in which business was not done might have been lower, the share levels quoted above are a fair indication of the market movement: The market at one stage in the middle of the week was even stronger than at the finish. Broken Hills, for example, sold six times for £2 6/ and fell 3d only at the end of the week. New Zealand Insurances again were up to £3 1 9. Sydney Woohvorths fell from 18/6 to .18/.

As against those falls, however, might lie put other instances of rises. Wilsons Cement rose to 19/6, fell one penny, and then recovered their lost ground yesterday. Woohvovtihs (New Zealand) appreciated from 10/6 to 16/9. LATEST SALES. Sales since last review are':— Banks.—Commercial Bank Australia. 14/10: National Australasia (pd.), £11 15/; Bank of New Zealand, £2 2/6 (6). Insurances. —New Zealand Insurance. £3 1/6, £3 1/9, £3 1/6 (3); South British, £2 10/ (7). Dominion. —Farmers* Co-op. (A pref.). £1 2'. (B pret.). £1 1/6; Newton King (pref.), 10/; Renown Coal. 10/6; Auckland Gas (pd.). 8/3 (3). (con.). 3/ (2). 3/2; Oamaru Wool, £1 0/3; N.Z. Breweries, £1 15/2; Bycroft, £2 2/ (3); Consolidated Brick, 7/6; Farmers' Trading, £1 (5). £1 0/3; Macduffs (pref.), £1; New Auckland Laundry. 18/; N.Z. Drug (rights). £1 5/3. £1 5/8: Farmers' Fertilizer (ord.). £1. loref.), £1 2/8; N.Z. Newspapers, £1 9/9 (2); N.Z. Paper Mills. £1 8/6; Peters Ice* Cream, 15/; Taranaki Oil Development, 3/3; Taranaki Oil, 6 '6: Wilsons Cement. 19/4, 19/5. 19/6 (2). 19/5 (2). 19/6; Woolworths (N.Z.). 16/8. 18/9 (2).

South in ir6 a 3 rt^ ■ , 7/6 < 2) : Broken Hill Morgan 8/ (V Mount Lyel1 ' £ 1 I '' 6 - 2/ l i 3 = s n gs u £W te 3% ;tr pension ' £i Austialian and Overseas Ac I -p 1 -r /«%• T2 f%\ k V <V\ Sugar £ "jo V— to , ' • Colonial £106 ? 0/ UVeaUh Bonds . ««/ 4 per cent 1 9 ?3° V 4 e « rn T e "L I,oa J ls ' Debentures, etc.—Bonds, per cent £?n? VE 5/; "40-43 4 Waltema'ta County.terpen"'' I Mangonui County, 1965, 4>'« ' per* cent. £ 106 "iC!/

TREND OF MARKET. The following table indicates the fluctuations in the values of various securities: — BANKS. Sept. 13. Sept. 10, Sept. 13, 1939. 1940. 1940. NaUonal' 3 N 7 \ ~° " ™ iNaiionai. N.Z 2 6 0 i iq r iiq q Sew Zo'»LJ' dleS » 3 6 27 3 6 87 2 B New Zealand 118 3 226 226 MISCELLANEOUS. Mr, T £ s. d. £ s. d. £ s. d. w.i. Insurance 213 0 3 1 9 tir South British 2 2 0 210 t 210 0 Broken Hill Fty. .! 314 6 2*6 0 2*B 9 Sr yCr .1 ftS .. 115 6 2 2 0 \> 2 0 Martha Mining ... 096 07 (5 0 76 Mount Lyeil 115 3 1 7 6 1 7 6 Auckland Gas — 0 8 3 o H i Farmers' Trading ... 017 3 100 104 Dominion Breweries 110 0 112 0 1113 N.Z. Breweries .... 115 6 115 3 115 0 wi ' C °J: eS V 312 0 3 8 0 3 5 6 Wilsons Cement .... 016 6 019 a 019 6 Colonial Sugar 47 10 0 50 0 3 50 o 0 «, 0l ", U Morgan 010 10 081 080 Woohvorths— New Zealand .... 017 6 016 7 016 9 Sydney 1 3 6 018 6 018 0 GOVERNMENT STOCK. „ £ s. d. £ s. d. £ s. d. Jqs?" 55 95 10 0 106 10 0 107 0 0 98 5 0 102 10 0 103 0 0 1953-57 91 0 0 100 7 6 '00 10 0

This week. Last week. £ s. d. £ s. d. Bank of New Zealand 2 2 6 2 2 3 Commercial of Australia .. 0 14 10 0 14 9 New Zealand Insurance .. 3 16 3 10 South British Insurance 2 10 0 2 9 9 Auckland Gas 0 8 3 0 8 3 Farmers' Trading 1 0 3 0 19 5 Wilsons Cement 0 19 6 0 19 3 Woolworths (N.Z.) 0 16 9 0 16 5 A.C. 1 16 0 1 15 9 B.H. P 2 5a 259 Colonial Sugar 50 5 0 49 10 0 Taranaki Oil 0 0 ;» o h 4 Mount Morgan 0 3 0 0 3 0