WEEK REVIEWED

Auckland Star, Volume LXXIII, Issue 234, 3 October 1942, Page 3

WEEK REVIEWED

FIRM SHARE DEMAND

AUSTRALIANS IRREGULAR

Allowing for the holiday on Monday, trading was maintained in fairly good volume on the Auckland Stock Exchange this week, though mainly during the last two days. Demand was stimulated to some degree by the retirement of sellers, a development applicable not only to Government issues but to many industrial and miscellaneous shares.

Business in bank scrip has been small, with a further hardening movement in Nationals of New Zealand. New Zealands sold steadily at £2. Apart from South British, which have been active after readjustment to the easier level of £3 2/, holders of insurances have been largely off the market.

An irregular tendency persists in Australian securities despite the firm front in Sydney, and it is possible that Dominion holders of Commonwealth issues are awaiting the announcement of a more settled policy in regard to fixed prices across the Tasman. A.C.l.*s and Sydney Woolworths fell back slightly, but Broken Hill Proprietaries had better support. Overseas shipping issues were the subject of constant bids without attracting sellers. Interest continued in Taranaki Oils and recent appreciation was confirmed. Dealing in Government stocks was negligible owing to the dearth of offernigs. Liberty Loan 3 per cents were wanted at £99 2/G, which is 7/G above bids a week ago, while War Loan was also in firmer request. Buyers have been quoting for the full range of Government inscribed stocks with hardly a seller in sight. Auckland Gas perpetual debenture stock made further progress during the week with sales at i'B2. LATEST SALES Sales since last review are: Banks.—E.S. and A., £3 14/; N.S.W., £29 10/: Nat. ol Aasia (con.). £5 10/ (2); N.Z.. £2 (3) £3 n 2 U / ra ( n 7) e_NZ '- £3 U/ (2): South British, f>^" 5 ). ra , lia ", a 2 d Overseas—Taranaki Oilfields. 6/ n m . S " ,ar ' £5 ° (2): Gt'Msbrough Mort., Woofworths* (S"d:), C ?5/°9 ldated Industrles - £2 Vl Rubber, £1 2/9, ditto (new), £1 2/6- Wilsons Cement. 17/3 (2); Woolworths (N. 2.). 15'2 15/1Dominion Investment, £1 (4)- Bvcroft £9 b/r" Consolidated Brick. 7/3 (2):' - NZ Re'f riferattai (con), 9/9; United Building tAuck) £1 (3);KDV Dominion Breweries, £1 7 6; BoothMacdonald (pref.). 6-9; Radio (1936). 10'6Kaiapol Wool (con.) (ex. div.), * Loans and Debentures.—Stock. 1952-55 4 per £107 10/; War Loan. 1951-54. ! «r c™t £99 7 6; Amal. Brick (Wgtn.). 1944, 6 per c«nt ?ias i 1?;' J® ount Albert Borough. 1951, 4''< pc' 15 ■ Allck - Gas (perp. deb.). 3'i per cent. £1M 10*' Transport Bo*"*. 4V< per cent. Mining.^— Clutha, 1/3; Martha. B'9. TREND OP MARKET The following table indicates the fluctuations in the values of various securities; BANKS Oct. 3. Sept. 2». Oct. 2. 1941 1942 1942 Commercial is 3 £14 11 £14 11 National. N.Z. ... 118 9 «2 3 9 *2 4 0 v™ f° U l h y al<!S 28 10 0 29 10 0 29 10 0 New Zealand 203 200 «2 0 0 MISCELLANEOUS VI S tris VI s Broken Hill Pty. . 2 " S tl 18 0 Ml? 6 m cr lyen f J » ? ? I t ? ? « Auckland Gas .. 7 6 6 4 •« 4 Farmers' Trading .120 1 0 6 1 0 6 Dom. Breweries 110 6 -1 7 0 1 7 6 B l". erl6S 116 6 113 10 till 6 Wils J ons CO C?ment :: 102*2 1? S * 2 ° 54 ° ° 50 0 0 50 0 0 NZ 14 3 15 2 15 1 17 4 15 11 15 9 GOVERNMENT STOCK 107 0 0 IC7 5 0 107 5 0 }®j3-46 101 2 6 >100 2 6 *100 2 6 J2p," S .' - • ■ 101 15 0 103 10 0 *103 10 0 War Loan, 1953 87 11 3 92 10 0 *92 10 0 • Buyers, t Sellers. SALES COMPLETED Sales completed on the Auckland Stock Exchange at the 3 pm. call yesterday were:—E.S. and A. Bank £3 14.'; Bank N.Z.. £2; Peters Ice 11/; Auckland Laundry. 14/ (12 6); Woolworths (Syd.) 15,9; Martha, 8 9; Emperor. 10/. Last sale price in parentheses where changed.