Commercial News

Auckland Star, Volume LXXIV, Issue 34, 10 February 1943, Page 5

Commercial News

ON 'CHANGE MARKET LEADERS SPURT Sharp advances in New Zealand Insurances and Colonial Sugars were reatures of business on the Auckland Stock Exchange to-day, when buyers made a strong attempt to bring more sellers forward. The insurance shares, which were cum. dividend at £3 17/6 about a fortnight ago, and are now quoted ex dividend, changed hands at £3 18/6, with final dealing at a new high level of £4. Colonial Sugars were in keen demand also, and supplies were obtained only at mounting values, the last sale being £55 15/, a total gain of £2. There was also some activity in gilt-edged at better prices. The entire market possessed a brisker tone, reflecting the favourable war news, both in Europe and the Pacific' SALES COMPLETED At the 3 p.m. call yesterday:—Commercial Bant of Australia. 17/; Newton King (pref.), 17/; British Tobacco, £2 8/; War Loan, 1/10/53, £94 7/6. At the a.45 a.m. call to-day":—New Zealand Insurance (ex dlv.). £3 18/6 (£3 17/6): South British Insurance, £3 10/: Dominion Breweries, £1 14/; Colonial Sugar, £55 5/ (£53 15/); Colonial Sugar, £55 10/; New Zealand Breweries. £1 17/6 (£1 17/3); Waihi Investments, 4/ (4/3); Liberty Loan, 15/9/52-55. 3 p.c. £99 12/6: Stock, 15/1/53-57, 3"/2 P.c. (ex int.), £102 10/ (£lO4 5/); Stock, 15/2/43-46, 4 p.c, £102 (£lOl 5/); Stock, 15/6/52-55, 4 p.c, £106 10/ (£lO6 7/6). At the 11.45 a.m. call to-day:—N.Z. Insurance. £4 (£3 18/6); South British Insurance, £3 10/3 (£3 10/); Colonial Sugar, £55 10/, £55 15/. Last sale price in parentheses where changed. LATEST QUOTATIONS Buyers Sellers . Commercial Bank Australia . 17/0 .. 17/1 ' National Bank of N.Z 2/9/3 .. 2/10/6 Nat. Bank A'asia (pd.) 11/17/6 .. 12/5/0 Bank New South Wales 31/0/0 .. — Bank New Zealand 2/1/7 .. 2/2/0 N.Z. Insurance 3/18/6 .. 4/1/0 South 'British Insurance 3/10/3 .. 3/11/0 Standard Insurance 3/9/6 .. — Farm. Co-op. Auct. (£1 pd.) 14/0 .. 16/0 Goldsbrough Mort 1/7/9 .. 1/8/6 N.Z. & River Plate 13/9 .. — Traders' Finance (con.) 3/6 .. 4/0 Pukemiro Coal 17/3 .. — Auckland Gas 6/3 .. -7/4 Auckland Gas (con.) 2/6 .. 3/5 Northern Steam 6/7 .. 7/0 Northern Steam (ran.) 1/7 .. 1/9 Leyland O'Brien VO/0 .. — National Timber 9/0 .. — Bonds Hosiery 1/11/6 .. — Bruce Woollen (ord.) 1/5/3 .. — Dominion Breweries (ord.) .. 1/13/9 .. I^l4/0 New Zealand Breweries 1/17/0 .. 1/17/9 Aust. Alloy Steel 9/9 .. — Berlei (N.Z.) 3/7/6 .. — Booth Macdonald (pref.) .. 7/9 .. — Broken Hill Proprietary 2/2/0 .. 2/2/6 Colonial Sugar 55/5/0 .. 56/0/0 Dental and Medical 19/6 .. — Farmers' Trading 1/1/6 .. 1/2/0 G. J. Coles 2/18/6 . . 2/19/6 Hill and Plummer 1/8/3 .. 1/11/0 McKendrick Bros, (ord.) .... 1/0/0 .. — Macky Logan 1/6/6 .. 1/8/0 M.K. Manufacturers 6/2 .. 6/11 Morris Hedstrom 1/4/6 .. 1/8/0 N.Z. Farmers' Fertilizer 18/6 .. 1/0/0 N.Z. Newspapers 1/16/0 .. 2/2/0 Peters Ice Cream (N.Z.) 16/0 .. 17/6 Radio (1936) 13/0 .. 13/6 Robinson Ice Cream 1/4/0 .. 1/6/0 Union Oil, Soap 1/7/6 .. — Wilsons Cement 18/9 .. 19/6 Woolworths (N.Z.) 16/0 .. 16/6 Woolworths (Sydney) 17/8 .. 17/11 W. R. Carpenter 1/9/6 .. — Emperor 13/6 .. 15/0 Mount Morgan (ord.) 9/6 .. 10/0 War Loans: 1/10/53 94/0/0 .. — 15/9/52-55, 3 p.c 99/10/0 .. 99/15/0 15/5/48, 2<,4 p.c 97/15/0 .. — Inscribed Stock: 15/9/46-48, 3 p.c 100/10/0 .. ' — 15/6/52-55," 4 p.c 106/5/0 .. 107/0/0 State Advances Corporation, 1/6/44, 3J p.c 99/15/0 .. 101/0/0 City of Auckland, 1/1/44-58 100/5/0 .. 101/5/0 Amal. Brick (Auck.), 1/3/44, 6 p.c 102/0/0 .. — SOUTHERN EXCHANGES Wellington, this day.—Reported: Dominion Breweries, £1 14/; Liberty Loan, 1953-56, 3 p.c, £99 5/ (2); Auckland Harbour Board. 1952, 4i p.c, £106 15/; Woolworths (N.Z.), 16/1.