.WEEK REVIEWED

Auckland Star, Volume LXXII, Issue 145, 21 June 1941, Page 4

.WEEK REVIEWED

BUSY SHARE MARKET FEW FLUCTUATIONS NOTED (t,:t.'living momentum early lash week, (•''■lff.' I illill A irt i:i I'ul llild bl-l'tl llKlilll■ i: ric-'-I tit i jj'.oiJ volume ilui in j; tlie week .!'><-1> «■ l:11• ■1. t!.n turnover, particularly in J mir.ioii i;o 1 1 !inL*^, i)i■ i 1 »iio c>t tho best : is : .< ; i. J>:'ikcis tonud it a welcome < •i.tiu-o i-'im iii-' ruml II ions that in.i-': i' !1..w ,:ii'if i". ii.tti.in l'rom Cireeco. -\'i ■=■•.' (I.e. :•! .i:\i.l.'llil-canU'VS ' : " u ' '• • a I'•'■ ■ 111 v .- .>._-' it .is wo!I as tiiose in 111..: .. . o ;'.o,:'ii;,t <\ . i-n.-crns, ;!tn.l oxcopt : " r o: '-- I w., - which tui' various ! .'.is in..; a ",, r..11, i.j j.■ \.■ i;i-. vahiori showed v.-ii-i.i: i.iij :.-.-viit levels. Several ; !.*!! <i■; l >1 •il ii'i 1 •".>imll.lll.lill_r a very '■ ;! ! i- ■! !m-C a.-, a : ile iVaiiii! tiu ir way ■ ' i'-.-i i but it must not. be '' 1 r i!:.ii 1 w.i,-. in,!ii'.UiVC of selling :• - ■ki is by anil l.uno, .<ii|.ply and '!■ "u.i:. ; voi o iiiii,- will I. iiaiK-ed. even 1 e -I't-• ■ •:" : .».•< (ion. wlii'i e tin-re wore >1' i,l' C,.veii .nent sio.k than u.s'ial. lo .-'.ine . xtent tiio in<no active «'l !'iu in ukt't ii,ic; been inJlueiu-oil by s: i:l', 11 • l "11, ill lulls I'Vt'l SC.IS. •1' New I in.l shiii'os are still in I '''" do.'lriiiiis and sin-ned hack to a new 1..w !ev i ! at. J i Is;-' the week, with iin-rc .'iv'tiliil':.' at that limire. Australasias v. <-i e \v. >!,.•!•. hut tin* in ukei, fur tlieni ;■ i'!, i t'. -t.'.l since April. Other 'i.iid.n ; is-i'i,.; w.'i.. lit: 1 e changed. Insura"..s, i xe i j. t M.i;iona!y. su;. plies of which ■.v. !,. rch-i-i i[ 11 .'i 1\", w. re fa \rly quiet, •tad :.o piic (-haniti-s occurred. \i">• i' — Australian securities chief ; ni. i i,i t present, is focused on the now I'.h'ci ru:.u in Zinc issue, the terms of wfiii; 11 wi'M announced yesterday. It is Mill not known whether Xew Zealand hoidcrs will bo able to take up the rights, a-" wis d ate in the Broken Hill Proprietary issue. (in ilie Auckland Kxchanfre yes-i.-rday tin? shares were failed ex rights, laic no quotations were forthcoming, and iorators are evidently waiting for the position to he clarified. British Tobaccos moved back sharply in this section, but elsewhere fluctuations were few. Business in Dominion shares was eKJ. nsive, almost all cl.ii-scs of scrip par11> ipatinjj. I'ricC movements wore restricted in most cases. \Vixdlons and coals were firm, as also were breweries, although Dominions wore weaker following pulilii alion of tho accounts disclosing the fall in earnings. Petroleum issues continue to he sought, though buyers appear to have reached their limits pending further developments at the bores. Reid Rubber rights wore active on a rising market. Acceptances for the lights must be received bv Julv S. rntevost in gold mines was maintained, several buyers hiving come forward for \V<v;t Coast drodsiinir issues. Emperors werfi .stronger and Mount Lyolls made a partial recovery among the overseas ruininjr shares dealt in. oovc-riiment stock met a firm demand, but sellers wore not disposed to make concessions. Among the four per cents 10.">4-"i.S and 1010-4!) moved up, but tho l!)4D-li; issue was easier. War Loan was quieter with only two transfers, offers remaining steady at £83 10/. A few municipal debentures came oil the market and were quickly absorbed. TREND OF MARKET Tlie following table indicates the fluctuations in the values of various securities:— BANKS June 21, June 13, June 20, 1940. 1941. 1941. £ s d £ s d £sd Commercial "0 13 6 0 13 10 0 13 10 National. N.Z 1 16 6 1 13 3 1 13 3 New Zealand 1 18 10 1 16 6 1 16 0 Union 6 10 0 6 10 0 6 10 0 MISCELLANEOUS N.Z. Insurance ... 2 15 6 338 336 South British 243 2 12 6 2 12 6 Broken Hill Pty. ... *2 0 3 2 2 6 2 2 6 Bycrofts 206 236 236 Mount Lyell — 15 10 163 Auckland Gas 083 059 059 Farmers' Trading .. 0 17 3 0 18 It 0 19 0 Dom. Breweries ...193 190 180 N.Z. Breweries 111 3 111 6 111 6 O. J. Coles *2 19 0 3 2 0 3 2 0 Wilsons Cement .... 0 16 0 0 18 8 ' 018 6 Colonial Sugar *48 0 0 52 13 6 52 15 0 Wnolworths— New Zealand 0 13 7 0 13 2 0 13 0 Sidney *0 15 0 0 16 0 0 IS 0 GOVERNMENT STOCK 1952-55 102 15 0 107 5 0 105 2 6 lfl-13-46 102 10 0 102 10 0 102 10 0 1953-57 100 7 6 101 15 0 101 15 0 s Ov.ing to the relmposition of the ban on the quotation of securities not domocllcd In New Zealand on June 20. 1940, the market price for these issues at this time last year cannot be given. The values Included In the foregoing table are those ruling on June 19. 1940, the day belore the quotations were prohibited.

LATEST SALES Sales since last review are:— j Banks.—Commercial Bank Aust., 13/10 (2); New j Zealand. £1 16/6. £1 16/1 (2), £1 16/ (2); I Union, £R 10/; Australasia. £8 7/6; New South 1 Wales. £27 10/. Insurance —National. 18/6 (7): Standard. £3 0/6 (3): South British, £2 12/6 (2); New Zealand. £3 3/6 (2). Mining.—Waihi Investments, 3/9 (2); New Occidental, 13 7 : New Zealand Crown Mines, 1/9: Martha. 7/6 (2): Emperor, 11/, 11/4, 11/6; Mount Lyell, £1 6/3. Australian and Overseas.—O. J. Coles. £3 2/ (3); Morts Dock, 19/3 (2); Australian Iron and 6*.eel (pref.), £1 6/7*2* Broken Hill Proprietary, £2 2'6 (2); Colonial Sugar. £52 15/: Queensland Breweries, £l 3/; Woolworths (Sydney). 16/; British Tobacco, £2 4/6; Woolworths Holdings ISA.), 14/11. Dominion.—Auckland Gas. 5/9 (3); Traders' Finance (con.), 3/; New Zealand Paper Mills. £1 10/6: New Zealand Refrigerating (con.), 7/: Kaiapcl Wool. 15/6, (con), 5/; F.A.C. (£1 paid), ]o 6; Dominion Breweries, £1 8/6 (3), £18/ (2): New Zealand Breweries. £1 11/6 (5): Farmers' Fertilizer (pref.). £1 2/; Equitable Building (deb. s'ock). 15/: Wellington Wool. £6 15/: Taranakl Oil Developments. 2/ (3): Taranaki Oil Fields, 5/: McKenzies. £2 1/; Sanford (ord.). 3/9; Whitrombe and Tombs. £3 7/6 (2): Reld Rubber (rights), 2 '9, 2 8. 2/7 (2), 2/8, 2 9, 2/10 (2). 3/: Farmers' Trading, 18/11 (2), 19/; Consolidated Brick. 6/4: West.port-Stockton Coal (ord.), 2/8; T?-upirJ Coal (ord ), £1 1/3 (2): National Electrical. 19/9: Woolworths (N.Z.), 13/; Napier Gas, £8 15/ (odd lot); New Zealand Guarantee, 2/4. Loans and Debentures.—Stock. 31/5/54-58, 4 per cent, £106 15/: 15/6/52-55. 4 per cent, £105 2/6: 15-'2/43-46, 4 per cent, £102 10/: 15/4/46-49, 4 per cent, £103 15/; Bonds, 15/2/43-46, 4 per cent, £102 10/; War Loan, 1/10/53, £83 10/ (2); Auckland Transport Board, 15/8/49, 4Va per cent, £105 5/; Mount Eden Borough, 1/4/53-58, 4 1 '* per cent. £105 15/; Auckland Electric Power Board, 15/6/59, 4 , ' i per cent, £108; Amalgamated Brick (Auckland), l''3/44, 6 per cent, £101 10/ (2). Unofficial.—John Fuller, 1949, 41 2 per cent, £60 (2); Walker and Hall (N.Z.), 18/.