Page 3 Advertisements Column 8

Auckland Star, Volume LXXIV, Issue 270, 13 November 1943, Page 3

Commercial News WEEK REVIEWED STRONG SHARE PRICES GOVERNMENT STOCK ACTIVE Strength among all classes of securities was further accentuated on the Auckland Stock Exchange this week. Supplies in no section were in any way adequate to meet the demand and price movements in the great majority of instances were against buyers. There was quite a buoyant tone to the market, except on Thursday, when a temporary lull saw a small sales list. A feature of investment conditions for some time has been the free movement of Government issues, particularly war loan stocks, all of which are still obtainable at a discount. Sellers of these stocks are much more numerous and accommodating than holders of the old-established 4 per cent lines, but although brokers have transferred some large parcels in recent weeks no selling pressure has developed, and the demand has held firm. Most of the dealing continues to centre around the 3 per cent 1953-56 Liberty Loans. Outstanding in the business in banking scrip was the sharp rise in National Banks of New Zealand to 3/ above par. a price approximating le\"els before the war. Commercials of Australia also moved up, while Xew Zealands were steady at £2 2/ until marked back ex dividend. Insurances were again very firmly held, business being confined to New Zealands, which jumped to a new peak at £-1 6/9. These shares now give a yield of £2 17/7, against £4 4/9 when they were at their lowest level last year, £2 19/. Trading was fairly animated over the assortment of Dominion shares, and among prominent advances were those in Reid Rubbers. Farmers' Fertilizers and Wellington Woollens. Leading breweries receded from recent high levels, while Consolidated Bricks were easier. Retail stores disclosed few changes and farmerfinance shares were solidly supported, though ittle business resulted in this group. Auckland Gas, which have been very firm and quiet lately, sold at an advance of 2d. Australian issues were slightly more active this week. Values were firm, and attention was focused on British Tobacco and Dunlop Rubber shares, for which the market at this centre had not been tested for some months. Both issues reflected the firming trend. LATEST SALES Sales since last review are:— Banks.—Com. of Aust., 17/2 (2), 17/3 (3): Com. of Aust. (pref.), £10 12/6; N.S.W.. £33 15/ (ex div.); N.Z., £2 2/ (3); National N.Z., £3 13/; Union. £7 13/. Insurance.—N.Z.. £4 6/3 (2), £4 6/9. Australian and Overseas.—Broken Hill Pty.. £2 4/9 (3); G. J. Coles, £2 19/9, £2 19/6, £2 19/9: Colonial Sugar, £56 12/6; Kauri Timber, £1 7/3 (3): Woolworths (Sydney). 18/3, 18/2 (odd lot), 18.3: British Tobacco. £2 8/3;. Woolworths Properties, £1 8/: Dunlop Rubber, £1 4/3. Mining.—Loloma, £1 3/I',i: Waihl Investments, 5/2. Dominion.—Farmers' Auctioneering £5 paid), £4 15/; North Auckland Farmers' (A pref.). £1 (£1 paid), 16/6; Westport-Stockton, 2/0: Auckland Gas, 7/2; Union Steam (pref.). £1 10/6: K.D.V. Boxes. 12/3 (2); Bycroft. £2 11/3, £2 10/6 (ex div.); Consolidated Brick. 10/11, 10/10, 10/9 (5); Lewis Eady (pref.), 5/6, 6/; Kaitangata Coal. £1 14/; Renown Collieries (pref.), 2/10: Dominion Builders, 7/; Northern Steam, 10/8 (3); Wellington Woollen, £9 2/6; Woolworths (N.Z.), 16/11 (3); Devonport Ferry, £1 10/: Northern Roller. £1 2/3 (2): Westport Coal, £1 6'; Reid Rubber (con.), 11/9. paid. £1 9/9: M K Manufacturers, 6/9: N.Z. Farmers' Fertilizer, £1 1/6; N.Z. Forest Products, 8/1; Dominion Breweries £1 19/6 (2); N.Z. Breweries, £1 18/9. Loans and Debentures.—Stock, 1947, 2Vi per cent, £97 12/6; Stock, Dec., 1953-56. 3 per cent, £98 12/6. £98 10/, £98 12/6 (5): Stock, 1951-54, 3 per cent. £98 10/: Stock, 1946-49. 4 per cent. £102 5/: Stock, 1943-46, 4 per cent, £101 10/; Stock, 1946-48, 3 per cent. £98 15/: Stock, 1952-55, 4 per cent, £107 2/6 (2), £107 5/; Stack, May, 1953-56, 3 per cent, £99 (5); Stock. 1947-49. 2i/ 3 per cent, £97 (2); Stock, 1952-55. 3 per cent, £98. £98 2'6: Christchurch Drainage, 1857, 4V 4 per cent, £109 10/. Unofficial.—Whakitane Paper, 8/ (2); Fletcher Holdings (new), £1 5/3 (2); Fletcher Holdings (old), £1 5/. TREND OF MARKET ' The following table indicates the fluctua« tions in the values of various securities:— BANKS Nov. 13. Nov. 5. Nov. 12. 1942 1943 1943 £sd £sd £sd Commercial 15 3 ■ 17 0 17 3 National, N.Z. ... *2 5 3 *2 11 9 213 0 New South Wales . 30 0 0 34 0 0 13115 0 New Zealand .... t2 Ob 220 {2 15 MISCELLANEOUS N.Z. Insurance .. 3 14 3 463 468 South British 3 4 0 '3 12 6 *3 12 6 ACI *2 8 0 216 0 *2 15 0 Broken Hill Pty. . 118 6 2' 4 9 t2 4 8 Reid Rubber 150 193 199 Mt. Lyell *1 8 3 «1 10 3 *1 10 3 Auckland Gas .... 7 1 7 0 7 2 Farmer's Trading .♦ll6 *1 3 4 *1 3 4 Dom. Breweries ... 190 119 9 119 6 N.Z. Breweries ... »1 14 9 1 19 3 1 18 9 O J Coles *2 13 0 2 19 9 2 19 9 Wilsons Cement ... 18 3 18 10 18 10 Colonial Sugar .. 51 10 0 56 12 6 56 12 6 Woolworths— N.Z 14 9 16 10',i 16 11 Sydney 15 8 'II 0 18 3 GOVERNMENT STOCK 1952-55, 4 p.c 107 10 <) 107 2 6 107 5 0 1943-46, 4 p.c. ..»100 10 0 101 7 .6 101 10 0 1953-57. 3</ 2 P.C. .304 0 0 102 17 6 *103 0 0 1953, 2</ 2 p.c 93 0 0 '94 0 0 *94 0 0 1952-55, 3 p.c. .. 99 5 0 98 0 0 98 0 0 •Buyers, t Sellers, tEx dividend. SALES COMPLETED Sales completed on the Auckland Stock Exchange at the 3 p.m. call yesterday:—Bank N.Z. (ex div.). £2 1/5 (£2 2/); Claude Neon (N.Z.), £1 7/ (£1 6/6); McKenzies, £2 9/ (£2 8/6); Woolworths (Sydney). 18/3; Stock. 15/5/48. 2'i p.c. £98 (£97 12/6); Stock, 15/12/53-56, 3 p.c, £98 12/6; Stock, 15/6/52-55. 4 p.c. £107 5/; Auckland Gas (perp. deb.), 3\i p.c. £88 12/6 (£BB 10/). Unofficial: Aust. Motorists Petrol (ord.). £1 (14/3). Last sale price in parentheses where changed. EDPCATIONAI. WESLEY COLLEGE, PAEEATA. A BOARDING SCHOOL Under the Control of the Methodist Church ol New Zealand. THE COLLEGE, in addition to the Normal Secondary School Courses, offers Special Courses in Agriculture and Associated Su'ojects. Boys are received from Form 1. The School will Reopen early In February, 1944. Prospectus and particulars may be obtained from - The Principal. WESLEY PREPARATORY SCHOOL, MT. WELLINGTON, PANMURE. Under the Control of the Methodist Church oJ New Zealand. A BOARDING SCHOOL- FOR YOUNGER BOYS up to Standard 4. First Term commences FEBRUARY 7, 1944. Prospectus and particulars may be obtained from The Principal. 84