Commercial News

Auckland Star, Volume LXXIV, Issue 24, 29 January 1943, Page 5

Commercial News

WEEK REVIEWED SHARES STILL FIRMER ACTIVITY IN AVAR LOANS Taking into account the short business week, a substantial turnover was recorded on the Auckland Stock Exchange up to the last call yesterday before the long week-end. Values continued on the up-grade, and the progress of the market in recent weeks was well reflected by the prices obtained for stocks which had been unobtainable for long periods. Ear.ly in the week sellers displayed a tendency to hold off and buyers in some cases were again obliged to raise their limits to do business. Operations covered a wide field, especially among New Zealand securities, in which investors have developed a catholic taste, all classes of industrial and trading company shares being keenly sought. Auckland issues to register further advances included Farmers' Tradings, Consolidated Bricks, Dominion Breweries, Wilsons Cements, Auckland Gas, K.D.V. Boxes, Leyland O'Briens, Northern Steams and Reid Rubbers. , ' There was moderate activity In banks and the steady firming trend was unchecked for all issues. Holders of insurance scrip were again largely absent, resulting in a small turnover. South British moved ahead to a new high level yesterday at £3 9/. Australian stocks were as keenly sought as ever, and trading was only restricted by sellers reluctance to quit.. Electrolytic Zinc ordinaries revealed a rise of 11/t> since the last transfer here about six months ago. , , Although Government stocks and war loans moved freely during the four days dealing, the seasonal demand for funds for payment of rates and income tax is not so discernible this year, undoubtedly owing to the high degree of liquidity m the business community. There are plenty of buyers for the parcels of war loans coming on to the market, most of which are below par. Apart from a slight easing in the 3 per cent issue of the last Liberty Loan, values were generally firm.

liATEST SALES Sales since last review are:— Banks.-Com. of Aust 16/9 (ex dlv.) (3) National of N.Z.. £2 9/714, &*■&>'• N - z - £2 8/; National ol A'asU (con.). £8. insurance.—South British, £3 8/3, £3 8/6, N Au'stral 3 ian" 7/ and- Overseas.-Aust. Alloy Steel, 10?; Woolworths (Syd.). 17/6 W; H?ward £1 4/6; Henry Jones, £2 11/ (2); Electrolytic Zinc £2- 12/6: Woolworths Properties, £16/. Mining.-Broicen Hill South, £1 8/ (2); Martha, 9/ Dominion.—Newton King (pref.) "/ g)i Farmers' Trading, £1 1/7, £1 1/8; Radio (1936) 13/; Dominion Breweries, £1 13/3 (2), £1 13/6 N.Z Forest Products, 4/ (2); Wilsons Cement, 18/9 (2); Union Steam (pref.), £ 1 9/; Farmers Auctioneering (£5 paid), £4 10/: Auck and Gas 7/8; Auckland Gas (con.), 3/3; Kaiapoi woollen (con.), 7/6; K.D.V. Boxes, 11/; Gear Meat. 19/9 (ex. dlv.); N.Z. Drug, £4 4/6: Claude Neon, £1 2/6 (odd lot); Consolidated Brick 9/2, Northern Steam, 6/9; Timaru Woollen. 18/; banford, 4/9; Leyland O'Brien, £1 0/6. Loans and Debentures.— Liberty Loan, 1953-50, 3 per cent, £99 7/6, £99 5/ (3); Liberty Loan, 1947, 214 per cent, £98 10/ (3); Liberty Loan, 1952-55, 3 per cent, £99 12/6; War Bonds, 1946, 214 per cent, £99 5/: War Loan. 1951-54, 3 per cent, £100; Stock, 1957-60, 3V4 Per cent, £102, Stock, 1949-52, 4 per cent. £105 5/: Auckland Gas (perp. deb.), £88 10/ (ex: int.); A.H.8., 19515, 4>/ 4 per cent, £ 108 5/, £ 108 10/. Unofficial.—Whakatane Paper Mills, 5/; Fletcher Holdings lord.), £1 5/.

TREND OP MARKET The following table indicates the fluctuations in the values of various securities:— BANKS

SALES COMPLETED Sales completed on the Auckland Stock Exchange at the 3 p.m. call yesterday were:—Commercial Bank of Australia, 16/9; South British Insurance, £3 9/ (£3 8/6); Auckland Gas, 7/8: Hill and Flummer, £1 8/6 (£1 4/6); Reid Rubber, £16/ (£1 5/9): Woolworths (Sydney), 17/9 (17/6); Mount Lyell, £1 9/3; Stock, 15/5/49-52. 4 p.c, £105 5/; Auckland Gas (perp. deb.), 31 2 p.c., £88 10/: Liberty Loan, 15/9/52-55, 3 p.c, £99 Last sale price in parentheses where changed. SOUTHERN EXCHANGES Wellington this day.—Reported: Liberty Loan, 1952-55, 3 p.c, £99 12/6; Stock, 1954-58, 4 p.c, £107 7/6; Woolworths Properties, £1 6/ (2); Electrolytic Zinc, £2 12/6; N.Z. Refrigerating (cum div.). £1 4/G; N.Z. Refrigerating (con.) (cum. dlv.), 10/10; Auckland Gas, 7/8; Mount Lyell, £1 9/114. Christchurch, this day.—Commercial Bank of Australia, 16/9. Dunedin, this day.—War Loan, 1951-54, 3 p.c, £100; Commercial Bank Australia, 16/8; N.Z. Refrigerating (con.), 10/10; Broken Hill Proprietary, £2 2/6; Electrolytic Zinc (pref.), £2 14/6. SYDNEY STOCKS SLACKER SYDNEY, Jan. 28. Although buyers on the Stock Exchange to-day continued to bid up for stocks still below the maximum selling price, the market was in quieter vein than yesterday. Sales included:—Colonial Sugar, £51 5/; Felt,and Textiles, £2 0/6; Tooths, £2 15/9; Commercial Bank, 17/; Dunlop. £1 2/9; Woolworths (Sydney), 16/6; Union Steam (pref.), £1 6/9; Broken Hill Proprietary, £2.

Jan. 30. Jan. 22. Jan. 28. 1942 1943 1943 £sd £ s d «sd Commercial *13 4 „ 16 8 is National NZ . <1 1! 9 286 299 Wales !! *28 15 0 '30 15 0 .30 15 0 New Zealand 119 3 206 2-08 MISCELLANEOUS N.Z. Insurance ... J3 4 6 3 17 6 •» IS 6 South British .... 2 176 3 8 3 3 9 0 A c I 12 0 0 *2 10 0 *2 10 0 Broken Hill Pty. . 1 15 3 *2 2 0 '2 Z , Bycrofts t2 7 0 *2 7 0 '2 7 0 Mt. Lyell 140 193 193 Auckland Gas.... 60 7 7 ,72 Farmers' Trading .'100 117 } ,, I Dom. Breweries .. 19 0 *1 12 9 . 1 13 6 N.Z. Breweries .. tl 14 6 116 3 '116 3 G J. Coles 2 15 0 2 19 6 »J2 19 0 Wilsons Cement .. 18 lft 18 6 18 9 Colonial Sugar .... 46 0 0 53 10 0 53 10 0 Woolworths— , N.Z 14 8 15 3 la 3 Sydney tl5 5 17 3 17 9 GOVERNMENT STOCK 1952-55 *105 10 0 106 7 6 106 7 6 1943-46 tl02 10 0 '101 5 0*10110 0 1953-57 "101 5 0 102 10 0 102 10 0 War Loan, 1953 .. 86 17 6 *93 15 0 »94 0 0 » Buyers, t Sellers, t Ex. dividend.