WEEK REVIEWED

Auckland Star, Volume LXXIV, Issue 91, 17 April 1943, Page 3

WEEK REVIEWED

SHARES MOVE FORWARD STRONG LEVELS PREVAIL Evidently encouraged by the Allied successes in Tunisia and renewed talk of an invasion of Europe, investors took a confident view on the Auckland sharemarket this weefc, and there was a distinct lift In prices, including those of certain issues which had drifted back recently from high levels. There was a sizeable turnover, except in Dominion stocks, where sellers held off. Government loans were particularly active, no fewer than 17 marketable parcels figuring on the sales list. Banking shares were steady to firmer. Nationals of New Zealand rose to £2 11/6, the highest mark for manv vears, while keener inquiry for Commercials of Australia sent the market up to 16/6. An urgent order for New Zealand Insurances resulted in the fl shares recovering to their peak level of £4, but this price proved unacceptable to the market, business being completed yesterday at £3 19/3. South British made a small rise beyond last week's values. Nationals and Standards were unchanged. Announcement of the lower Bank of New Zealand dividend came too late to affect the market for these shares, which were quiet and firm during the week. In view of the chairman's remarks at the last annual meeting, it is reasonable t» assume that the bank's net profit will show a further decrease this year.

No reaction was noted among Australian equities to the cabled references to the increase in the Japanese menace in the South-west Pacific, but this is not surprising, since demand invariably greatly exceeds supply for leading Australian shares in the Dominion. Values were generally steady and turnover was averageSupplies contracted for a number of usually active Dominion stocks, and business was well below normal. Sellers were especially scarce in the agency, woollen, timber and meat sections following the absorption of several parcels in the last few .weeks. Dominion Breweries progressed to a new top price at £1 14/6, but New Zealands were dull and unchanged. Farmers' Tradings recovered to £1 2/, the peak reached befbre the Christmas holidays, and Macky Logans also sold at a record price. Auckland Gas and Northern Steams were other local issues to command a strong market. Most of the war loan issues were represented in the gilt-edged trading, where values were steady to firmer. Indicative of the shortage of local body debentures, a parcel of Piako County 1949'5, bearing interest at slightly over 41 per cent, was quickly placed at agood premium. LATEST SALES Sales since last review are: i/ B /% n , ks VT NZ "« £2 0/s W- Es - and A., £4 £2 (a ii/«? m wf/ 1 *"?*" , 1 . 6/ s i' l H 6 ' National, N.Z., N.l.w" £32 10/ " a (C ° n-) ' £5 12/6: n^"J? nce ~" N - Z - £3 18 ' 9 - £3 19/6, £4 (2) £3 19/3; South British, £3 7/9 (4), £3 8/ (2) Standard. £3 10/6; National, £12/3 ' w " i^r, us A r ? 11 ?, n .. an . d J :>Terseas -—Tooth's Brewery, £3 15/2l 5/ 2J 2); J 3 , rl , tl , sh , TobElcco (P ref ->. £1 10/6; Dunlop sU bb^ r ;. £ / 1 J V 6 , (2); Aust - Consolidated Industries, £2 10/6 (odd lot), £2 10/6; Woolworths (Syd.). 16/; colonial Sugar. £55 10/; N.Z. Loan and Mercantile, £35; Selfridges (A'asia), £1 1/3;. Broken Hill Proprietary, £:i 2/3. * Mining.—Grey River. 14/; Martha. 10/3 ■'—- Dominion.—Newton King (pref.), 17/; Dominion Breweries, £1 14/3 (2), £1 14/6 (2); Farmers" Trading £11/11 (3); £1 2/ (2); Sa'nford, 5/5 S 2 Jv. pref - 19/3: Auckland Gas, 7/I'i; Woolworths (N.Z.), 15/6 (2); K.D.V. Boxes, 11/ (2); Macky Logan, £1 9/6; Northern Steam, 7/; Wilsons Cement. 18/ (2).

Loans and Debentures.—Liberty Loan. 1947 2'i per cent, £97 15/ (2); Liberty Loan. 1953-56. 3 per cent, £99 7/6, £99 10/ (4); Liberty Loan. 1952-55, 3 per cent, £98 15/: Liberty Loan. 1948 2>i. per cent. £98 12/6 (3); War Loan, 1953,£94 10/; War Loan, 1946, 2'/ 2 per cent, £98 10/' w ? r r J J ° an ' 19 51-54. 3 per cent, £99; stock, 1953-57, 3'/ 2 per cent, £103 12/6; Stock, 1954-58. 4 per cent, £108 (2); stock, 1956-59, 3',i per cent, £101 15/; Auckland Cas (perp. deb.) 3'i per cent. £87 10/; Piako County. 1949. £4 12/ per cent. £105. ».«.». w Unofficial.—Whakatane Paper, 7/0: Fletcher Holdings (ord.). £1 5/ (2). TREND OP MARKET The following table indicates the fluctuations in the values of various securities: BANKS

SALES COMPLETED At the 3 p.m. call yesterday:—South British Insurance, £38/; Farmers" Trading. £1 2/; Stook. 15/1/53-57, 3',i per cent. £103 12/6. Unofficial: Farmers' Freezing, £1 3/ (£1 2/3). Last sale price in parentheses where changed.

April 17. April 9. April 16. 1942 1943 1943 _ .. £sd£sd£sd Commercial 13 6 16 3 16 6 National, N.Z ... ill! 0 2 11 o 2 U 6 New South Wales . 26 5 0 32 10 0 32 10 0 New Zealand ... 118 0 208 208 MISCELLANEOUS • ?•£;.. I ?EKK! !e ••• 3 16 3 18 9 3 19 3 South British ... 2 15 0 379 380 AC.1 119 41i »2 10 9 r 10 6 Broken Hill Pty. . »1 12 0 2 2 0 !\ 2 3 Reid Rubber 120 169 Mt. Lyell 130 190 1190 Auckland Gas 6 8 7 1 *7 1 Farmers' Trading . *19 9 1 1 11 12 0 Dom. Breweries . fl 7 0 3 14 3 1 14 6 N.Z. Breweries ... *1 11 6 fl 17 e tl 17 9 G. J. Coles *2 2 0 2 16 3 *2 14 6 Wilsons Cement . »16 8 fl8 3 18 0 Colonial Sugar .. *39 0 0 55 10 0 55 10 0 Woolworths— N.Z 12 8 15 6 IS 6 Sydney »12 9 16 0 16 0 GOVERNMENT STOCK 1952-55 «106 15 0 107 0 0 107 0 0 J?«-46 100 12 6 »100 12 6 *100 15 0 1953-57 103 2 6 "103 TO 0 103 12 6 War Loan, 1953 . 89 0 0 "94 7 6 94 10 0 * Buyers, t Sellers.