Commercial News

Auckland Star, Volume LXXV, Issue 262, 4 November 1944, Page 3

Commercial News

WEEK REVIEWED S SHARES LITTLE CHANGED.' | STATE LOANS NOW SCARCER ' Opening with a substantial list of sales on Monday, operations on the Auckland Stock Exchange tended to slow dowil during the week, and there were several dull calls, particularly early In the day. Investors continue to lie imbued with an atmosphere of uncertainty, and while>a wide range of issues enjoys a steady, demand there has been none of the- keen, zestful bidding which kept brokers on their toes in the first half of 1944. Apart from a few shares which had not been tested since market values were revised recently and some minor fluctuations, the tone remained unchanged this week. Sellers have been gradually disappearing from the gilt-edged division, and a definitely firmer, trend has been'evident. At the second call yesterday 15 separate issues of Government stocks were In demand, but only three sellers were quoted, a marked contrast to the position some weeks ago, when the Victory Loan campaign exercised a depressing influence. An unusual occurrence was absence in dealing in the 3 per cent Liberty Loan stock. No advice has yet been received by the Exchange concerning the listing of the Victory Loan, but early quotations are expected. In .the banking group there was considerable activity in Commercials of Australia at finning rates. Other "issues were steady with the exception of New Zealands, which were shaded to £2 4/6. Shares of the Auckland insurance companies were weaker. South British sold down to £3 16/0 and New Zealands were on offer yesterday at the late sale price, £4 8/. On the other hand, there unsupported buyers for Nationals, Queenslands and Standards. Among New Zealand securities Clanda Neons benefited from the dividend -announcement, as also did Milne and Choy.ce debenture stock, while forward movement\took place in K;D.V. Boxes, NsZ. Breweries and Reid Rubbers. Macky Logans 1 and Wilsons Cements, whieh had {been inactive for some - time,;, reflected "the downward trend",a few' "but the general undertone in tlnspection 'was'firm. Woollens-were again'neglected land retail.stores were dull. A revised list of Australianshare prices came into effect "in •: Sydneyr'.sthis --week, but none of the ''dealt in .on this market > was vhjvofved. JBusinessiwas relatively-quiet-in Jtlrisisectirin.":Colonial Sugars, .on an 1 exvdividfend ibasis, were turned over to'some .extent, 'and Broken Hill Proprietary was ■: easier. 'Huddart-Parkers lost a little gronnd' in the shipping list. LATEST SALES Sales since last review are:— Banks.—Com. oC Aust., 17/9' (5), Com. of Aust (pref.), £10 15/ (2); H.Z., £3■■4TBVGH. £2 4/6; E., S. and A., £4 6/6 (2), N.S.W., £ ?Lu^cc.-N.Z.f B £4 /6 'B/ (2); South British, £ Anstrallan ) 'and Overseas.—British Tobacco £2 8/9 (2): Broken Hill Pty., £2 5/3 (2), £2.5/, Colonial sugar, £57 (5); Woolworths Properties. £1 8/; Huddart-Parker (ord.). £3 1/, Woolworths (Sydney), £1 1/• Kauri Timber, £1 7/ (odd lot). Mining:.—Mt. Morgan, 7/3. ....... Dominion. —Newton King, 3/ (2); North. Auckland Farmers' (A pref.), £1 1/6 (2);. Ancldand Gas, 7/10, 7/9, con., 3/2; Fanners' Trading, £1 6/4 (4); Fletcher Holdings, £1 '6/ (2<); Radio (1936), 18/6; Dominion Investment, £l*-4/; Leyland O'Brien, £1 4/6 (2); Claude Neon, £1 10/. Macky Logan, £1 12/; Milne and Choyce, £1 7/6 (2): Forest Products. 7/; Reid Rubber. i.L 9/6 (2): N.Z. Newspapers, £2 1/7; Consolidated Brick, 10/3 (2); Northern Boiler, £1 1/3: K.D.V. Boxes, 11/9; Entrican, Sims (pref.), 18/6, Traders' Finance, 16/9; Renown Collieries. 10/9, 'Northern Steam (con.), 2/10; Wilsons Cement, *"lloans and Debentures.—Stock, 1952-55 , 4 pet cent, £105 12/6; Stock, 1947-49, 2\' 2 per cent. >£97 5/ (2); Stock, 1960-63, 3 per cent, £98 (5); Stock,-1951-54, 3 per cent, £98 1957-60, 314 per cent, £100 5/; Stock, 1946-49, 4 per cent, £ 100 10/; Auckland Gas, 1949, 5 per cent, £103; Wool Bonds, 1948, £10/2; Manawatu-Oroua P. 8., 1957, 3>i per cent. £102. Newmarket Borough, 1950, W\ per cent, £105 5/ (2);. Hamilton Borough, 1954, 4VI per cent, £107. Unofficial. —Farmers' Freezing, £1 3/6; Sell-" ridges (N.Z.). 13/. TREND OP MARKET The following table gives the prices of various securities a year ago, the current price or nearest quotation, and the yield<wliich, in the case of loans, includes redemption;—

SALES COMPLETED Sales completed on the Auckland Stock Exchange at the 3 p.m. call yesterday, with previous salo prices, where changed, in parentheses, are as follow; Com. Bank Australia (2), 17/10; Bank o£ N.Z., £2 4/6; Huddart-Parker, £3 1/; Bruco Woollen (ord.), £1 14/ (£1 16/6); N.Z. Breweries, £2 2/6 (£2 2/3), £2 2/8; Donaghy's Rope (ex div.), £3 7/ (£3 1/6); Milne and Choyce (deb. stock). £1 7/6; Auckland Gas. 7/9; Stock,;l9v'6/4749, 2',2 p.c. (4), £97 5/; Wool Bonds, 1/2/48, >19/3 (19/4). Unofficial: Selfridges (N.Z.). 13/4',i Ml 3/).

BANKS Yield on latest Nov. 5. Nov. 3. Price - 1943 1944 or quote. £ s d £ s d £ s d Commercial 17 0 17 10 3 14 9 National, N-.Z. ... *2 11 9 » J 2 15 11 New South Wales .. 34 0 0 3j 10 0 3 7 7 -New' Zealand 220 246 32 11 MISCELLANEOUS N.Z. Insurance .. 463 480 2 16 10 South British »3 12 6 3 16 6 2 12 3 ACI 2 16 0 2 18 0 2 6 6 Broken Hill. Pty. .. 249 250 t2 4 5 Reid Rubber 193 196 4 J J Mt. Lyell *1 10 3 1 116 }3 3 6 Auckland Gas 70 « ' ® 2J1S Farmers' Trading .*1 34 164 3 16 2 Dom. Breweries .. 1 19 9 2.5. 0 4 2 2 N.Z. Breweries 1 19 3 2 2 8 3 5; 8 G. J. Coles 2 19 9 13 9 0 2 17*11 Wilsons Cement .. 18 10 18 6 2 9 ,6 Colonial Sugar .. 56 12 6 57 0 0 2 19 7 Woolworths — , . „ „ „ N.Z 16 10 1 1, 0 2 7 7 Sydney *18 0 1,1 0 2 17 2 GOVERNMENT STOCK 1952-55, 4 p.c 107 2 6 105 42 6 3 6, 6 1953. 2\ r 2 p.c *94 0 0 *93415 0 3 5 0 1953-57, 3Vz P.C. .. 102 17 6 102£ 2 6 3 5 6 1952-55, 3 p.c. .. 98 0 0 *97 10 0 3 5 3 * Buyers, t Sellers, t Based on Interim dividend at rate per annum.