FINANCE, MARKETS, COMMERCE.

Auckland Star, Volume LXXII, Issue 86, 12 April 1941, Page 4

FINANCE, MARKETS, COMMERCE.

WEEK REVIEWED.

SHAREMARKET IRREGULAR

WAR INFLUENCES EVIDENT. In view of tin silo! t Inisinc.-S wr-. k and th« damping «*ll'eci« of tie-- <-pic.nl of tn \r.n- !o tiie Jja 1 !<an- the volume of trading on 111 r* investment tnaikct in An. klae i '> is « <*11 m.iinta iiM-d u■ • to 111r- .i.: {•'I.-JIIC-.S on T liii-i|,iy, In f. i. -1. Auckland i e'okei j- liavn lie. n «.•!! aiicad : ti l • ■:; • infrci w in t lie South in the matter ' iiliovcr for weeks p.ii-t. many o|.|. :r u.iviuz actually conic from tin- Sinitli. Overseas markeis liave also i. a>te,l :■ > I lie war development-' m t'.c pat-l :'.-w ■I ivs. and it is clear that, llu-rc h.>r~ b.-en a pt cc.-iiit ionai y inaikitiL.' down ot •-< lip pending tlm outcome of tiie .-i!UL"- r ie in S(iiith-oa«tri n Khi oiic. \- uiia-ht only be expected, both here a'e. in Austialian .-eciii ities in concerns closely iirike.l wilh the war industries have maintained their i-trenjzth. Hiitain lias set i new standard in wartime saci iiice bv ail c!aft-cs in lu-r latest ISinL'ct. w'nich nr'v well lie regaided as "the .shape of tilings to cniiie'' so far as tiie 1 )ouiilli■ ns ... ■ concerned. (liiui thoiml, the iinanc'a' inline may appear at the moment, tin";.' is no I ea.-oii to doubt ti'.at with a genuine '"al!-;n * policy of bald work arid d>-' cinline I Ik* economic .-triicliire can be o.ife^uarded. A feature of llie week locallv has been tiie expansion of iloalimr in (lovoi nnieiit and local body stock, and while r.om ■ sniistantial parcels were released at litn. pi ice-', sellers disappeared as a rule itnuK'iliately afterwards, leaving (he demand astrong as ever. War Loan stock was friirly active at the steady level of CHI 17'<>. which is still below tlir peak price. In tiie banking croup the demand flackoned for 10. S. and .Vs. Nationals of New Zealand and .Vow Zealands. til" latter moving back to CI l!)/ll. making tile yield just above 5 per cent. 1 nsui alio;'.were quiet. New Zealands developing weakness, but South British were Kim o.i late rates.

Only moderate dealing was done in Australian and overseas shares. Morts Dock advanced strongly to .El. compared witii JS,6 only a week previously. A.C.l.'s were also stronger than Inst month's level. Following on the report showing a sharp fall in profits owinc; to the war. Hud dan Parkers found a market at £'2 2'3, compared with £2 12/ in February, when they were last tested here. Ilominion eharcs in wide variety sold steadily with no line particularly active unless it he Bycrofts. which retained strength with three transfers at £2 4.'(i. Timbers were keenly sought with few sellers responding. New Zealand Breweries were strong, with supplies short, but Dominions have not fully recovered the around lost since February. Woollens and coals had a. firm market, but fertiliser shares weakened.

TREND OF MARKET. 'the following table indicates the fluctuations in tho values of various securities: — BANKS. April 10. April 4, April 10. 1940. 1941. 1941. £ s. d. £ s. d. £ s. d. Commercial 0 16 10 0 14 8 0 14 8 National. N.Z 2 4 6 1 15 6 1 15 6 New South Wales 30 0 0 29 0 0 29 0 p New Zealand . ... 218 209 1 19 11 MISCELLANEOUS. N.Z. Insurance ... 336 316 309 South British 290 299 299 A.0.1 2 9 9 2 1 0 2 2 3 Broken Hill Pty. .. »2 12 6 240 230 Bycrofts 3 1 3 2 4 6 2 4 6 Mount Lyell 1 14 6 189 180 Auckland Oas .... *0 17 0 066 066 Farmers' Trading ■- 106 0 19 4 0 19 3 Dom. Breweries 1 13 6 196 190 N.Z. Breweries 1 16 9 1 12 3 1 12 6 G. 3. Coles 400 3 r 0 350 Wilsons Celnent ... 0 19 6 0 19 3 0 19 4 Colonial Sugar 37 10 0 54 0 0 54 0 0 Woolworths— New Zealand .... 617 10 013 7 013 Sydney 1 3 5 0 17 » 117 3 GOVERNMENT STOCK. £ s. d. £ >. d. M s. d. 1953-55 105 5 0 105 19 9 195 10 0 1943-46 102 15 0 102 2 • 193 5 0 1953-57 99 2 6 100 7 • UO 7 6 ■Capital change. LATEBT SALES. Sale# since last review are: — Banks.—Australasia. £8 16/: New Zealand. £2 0/9, £2 0/3. £2. £1 19/11; New Zealand D Mortgage. £1 9/9 (2); Union, £7. Insurance.—New Zealand. £3 1/6, £3 0/# (2); South British, £2 9/9 (2). Mining.—Martha, 8/: Mount Morgan, 10/3. Australian and Overseas. —Broken HUI Proprietary. £3 3/9, £2 3/ (4): A.C.1., £2 2/3; Huddart Parker. £2 7/6; Woolworths Holdings (S.A.), 18/4^2; Woolworths (Sydney). 17/3: Morts Dock. tl.

Dominion. —P.A.C. fB pref.>, £1 1/: Manawatu Xnittlnc. £ 1 1/8; Dominion Breweries, £1 9/; Woolworths (Jf.Z.), 13/7; Northern Roller (pref.), Bycroft, £2 4/6 (3): Farmers' Trading. 19/ J. B pref.. £1 1/B: Wilsons Cement, 19/4 (2); Wellington Wool. £9 13/ New Zealand Breweries. £1.12/0; Grey River Coal, 6/: Milne and Choyce (ord.). 16/ (odd lot); Union Olt and Soap. £1 5/: Northern Bteam, 3/7; Dominion Investment. 17/6; Taiiplrl Coal. £l a/; oamaru Wool, £1 0,1; Dominion Fertilizer. £1 6/6. Loans and Debentures.—War Loan. 1/10/53. £82 17 /* X 3); Stock, 15/5/49-52. 4 per IVi ' «/2 15/1 / 43 "46, 4 per cent, £102 5/ ' 4 Pe' cent, £104 10/ (2); 15'6/52-55, 4 per cent, £105 10/ (2); 30/11/48. 4 P" fi>o4 5/; Bonds, 15/ A/52-55, 4 per cent, ? 5 \?/i. City of Auckland, 1/1/44-67. 4'i per cent. £103 (2); Mount Albert Borough, 1/7/46, 4U per cent, £102 15/; rronklin E.P.8., 2/8/63. a\* B ™. Cent, » £l J?,«i o/ ,'. Hamllton Borough. 1/7/60. f i,jS J. £107 10/: Mount Eden Borough, 1/4/46-51. 4'/« per cent. £102. 1/4/58-63. 4V 4 per w2ii* n '■ Amalgamated Brick (Auck.), y. 3 / 4 *; ? P® l ; «e"t. £100 10/; A.H.8., 8/7/48, 4'/ 4 per cent. £104 5/. /*w n % ted -^r£ cll ???'* C 5 P er cent pre*.). *1 o'3 (O. Cna Hill. lOd (odd lot).