WEEK REVIEWED

Auckland Star, Volume LXXII, Issue 205, 30 August 1941, Page 4

WEEK REVIEWED

MORE ACTIVE MARKET

WAR LOAN APPLICATIONS

Following several weeks dining whiih investment demand has been stimulated by shortage of supplies., sellers lor many stocks came forward en the Aucklam Stock Exchange dining the l'; l - sL T and trading expanded accordingly, pan insurances and many industrial and n *}*' cellaneous issues have been steadi \ marked up. and the absence of bearisn influences in the war news has been 1 major factor in maintaining confluence. In fact, tJie week closed yesterday niign be described as normal, witn a inodciate firming trend running through the market. Many investors have been preoccupied with the War Lean, the lists for which close on Tuesday, and inquiries ' 1 °J ll brokers sliow that applications iwai>y have been steadily rising. though it is suggested that many smaller investois are withholding withdrawals until Monday in older to receive lull intercut oil their accounts up to the end of tii«* month. Hopes* are general that a last-minute rush will result in a creditable quota in the new loan from the Auckland district.

Commitments aiul .prospective commitinent* in connection with the loan ha\c been partly loflocteil in an irregular tone in the pi it-edged market, several Government 4 per cents having been neglected. With other.*, on the other hand, buying support har? been well maintained. In the banking section tlie most notable feat'.ne has been the forward movement in Hank of New Zealand.-*, which at (>'3 are back to the April levels before the lower dividend announcement placed them under a cloud. 'J hey were shaded vesterdav from Xl'2 0 (>. New Zealand Insurance* have been linn and active at late levels, while South Kritish, though at record strength, experienced a wider

More Australian scrip was obtainable consequent on reaction iu Sydney, but the general trend of t-alfs locally has been upwaid. Colonial Sugars advanced to their best price this year at £30 -V. only

,"i below their peak in 1!>40. .Moderate gains were made bv other Australians, iiu-ludiru: Broken Ilill Proprietary, the demand for which had fallen oft somewhat.

Demand was keen for Dominion shares anil trading extended to most sections. The assurance of stable juices for primary products has been an important factor in reviving interest in companies associated in FOine way with the land, and this week has seen sharp l iars in porno ngoney shares. Breweries have born quiet f.ud stroivz. wit!i sellciii few. AVoolworths sold actively at over 14'. their best pii.t for many week*. Kailier in the week Tarmaki oil shares were prominent in dealing, but slipped back under selling pressure.

Average business passed ill mining shares, with Mount Morgans active at higher levels. Demand was steady for Fiji gold issues and base metals. TREND OF MARKET Tin- fn'lnunu.' table indicates the fluctuations in the values of various securities: —

LATEST SALES Sales since lust review are: — Banks.—New South Wales. £29 (2); Commercial B?-ik Australia. 15/1 (2); New Zealand. £2 (6). £2 0 6: Commercial Banking Sydney, £18 10.; National of New Zealand. £ 1 19 . Insurance.—New Zealand. £3 6 ®, £3 If, £3 6 9. £3 7/ (2); National, 19,7 (3); South British, £2 16 . Australian and Oversee:.—Broken Hill Proprietary. £2 3/: Electrolytic Zinc (prof). £2 16 , £2 16/3: O. J. Coles. £3 5/6. £3 6/ (4): A.C.1.. £2 10 (2); Woolworths (Sydney). 17/10 (3); Colonial Sugar. £86 5/; Woolworths Properties. £1 5 9. £1 5 IC. £1 5.9: Morts Dock. £1 0 6; British Tobacco, £2 T: Felt and Textiles, £2 3. : Kauri Timber. £ 1 3/3. MLuine.—Komata Reefs. 49: Una Hill 11! 1/10; Mount Morgan. 9 7 (2). 9.6 (2); Wellington Alluvials. 3/9: Addison's Flat, 1'; Martha. 8/; Gillespie's Beach, 2d. Dominion.—Woolworths (N.Z.). 14'. 14 2. 14 3. 14/1, 14'2: Taranaki Oil Development. 2 6 2 8 2/6. 2'3 (3); Tarannki Oil Fields. 5 9. 5,8. 5 6 5'5Farmers' Auctioneering (£1 paid). 14' (odd lot): £5 paid. £4 10': Kaiapoi Wool (con) 6 • Wilsons Cement. 19 6 (2); Dominion Breweries, £1 10/: Farmers Trading. £1 1/5 (4). B pref.. £1 3'3 <2): New Zealand Breweries. £1 14 9 £i 15/: M.K. Manufacturers. 5 4. 5 6; New Zealand Fertilizer. 19 6; Wellington Investment. 8 2; New Zealand Drug. £3 19,3 (2); Consolidated Brick. 7/3: Sanford ford.). 4 9 (2); Donaghy's Rope (rights). 14/7: Traders* Finance (con.). 3 1 * Parker Lamb. 13 (2); Mosglcl Wool, £10 12 6: Reid Rubber (con.). 15 6. Loans and Debentures.—Stock. 15 2/43-46 4 T>er cent. £101 •> 6; 15'1'53-57. 3';. per cent. £'102 5 ■ Auckland Oas (pcrp. deb.). £98 15 : Trkanuna Eoro.. 1 2 54. 3'b per cent. £100: New Zealand Farmers' Co-operative. 31 1 50. 41, n~r cent £81 Unofficial.—Silknlt, 6 0 (3). ' 3 '

BANKS Aug. 30. Aug. 22. Aug. 29. 1940. 1941. 1941. £ s d £ r. d £ s d Commercial ..... 0 14 3 0 15 0 0 15 1 Naiicnal N.Z. 1 18 9 1 15 3 1 19 3 New South Wales . . 2G 12 6 29 0 0 29 0 0 New Zealand 226 1 19 6 203 M ISC ELL A N EOU S N.Z. Insurance ..310 369 370 Sou'h British 2 8 9 2 16 0 2 16 0 A.C.I. 1 15 8 2 9 3 2 10 0 Broken Hill Pty. 243 229 230 Bycrofts 2 1 0 240 240 Mount Lyell 16 0 1 7 0 1 7 3 Auckland Gas 0 86 065 066 Farmers' Trading .0193 115 115 Dom. Breweries .... 1 12 0 1 9 6 1 10 0 N.Z. Breweries . 1 15 6 1 15 0 1 15 0 G. J. Coles 336 356 3 60 Wilsons Cement .... 0 18 9 0 19 6 0 19 6 Colonial Sugar 49 0 0 55 5 0 56 5 0 Woolworths— New Zealand 0 16 2 0 14 0 0 14 2 Sydney 0 li 9 0 17 7 0 17 10 GOVERNMENT STOCK 1052-55 106 0 0 106 17 6 !06 10 0 1943-46 102 5 0 101 0 0 101 5 0 1953-57 100 5 0 102 5 0 102 5 0