WEEK REVIEWED

Auckland Star, Volume LXXVI, Issue 147, 23 June 1945, Page 3

WEEK REVIEWED

INVESTMENTS STRONG

BANK NJS. SHAKRS IX LIMELIGHT

First-class Investments were not easy to secure on the Auckland Stock Exchange this week, when buying support was very firm over all sections of the market. Holders tended to back off, and this was especially noticeable in the gilt-edged division, where offerings were substantially fewer than in the early stages of the Victory campaign, but towards the close some larger parcels boosted the turnover. Sales of Dominion-registered shares showed a marked reduction. Script in manufacturing companies is particularly well favoured at present and took heart from reassuring Ministerial statements.

The market reacted strongly to the chairman's statement at the BanK ot New Zealand meeting concerning the proposed Government purchase, and evidently read into it a more confident expectation of the terms of ihe final settlement, for the shares advanced 2/9 in a weeK to £2 11/. the highest level in ten years. before a reaction set in yesterday. Other banking issues were inactive. With the exception of New Zealand Insurance (steady at £4 16/6) this class of security was in short supply, ami firm orders for South British, Standards and Nationals were unsatisfied.

Australian leaders encountered Rood support with A.C.1., Hume Pipes. G. J. Coles and Colonial Sugars at stronger levels. The sugar shares returned to £60. the record high price first attained early last month. B.H.P. were a shade easier.

Quickened interest in overseas mining issues,' including base metals, reflected the revival in demand for metals conseauent on early expansion in world trade and re-establishment of national currencies in Europe. Placer Development and Bulolos were on a firmer market and Mount Lyells were among those to snow improvement.

Breweries commanded most attention among New Zealand shares. Actually there was little activity, but advanced bids indicated investment approval ot the recently-published accounts of the leading firms. After a long absence some Milne and Choyce shares came forward and brought strong prices, while Gas shares were busy at late rates. Ordinary scrip in Fletcher Holdings eased slightly following the recent rise. JiATEST SAtES

Sales since last review are:— Rank..—New Zealand. £2 8/3. £2 8/4. £2 8/5. £3 8/6 £2 10/ (7), £H 11/ (2), £2 10/10, £2 10,$; Union, £8 9.'.

Insurance.—New Zealand Insurance, £4 16 6 (6), Australian and Over s eaa.-G. J. OolM £3 11/; Huddart Parker. £3 4/! A.C.1., £2 14/6. £2 15/ (3); 8.H.P., £2 6 6 (2). £2 6/3; Henry Jones. £211'6 (3); Woolworths (Syd.) (2nd pref.). £1 11/6; ordinary, £1 3/3 (2); Morris Hedrtrom. £2 9/3; Felt and Textile*. £2 16/9 (3); Colonial Sugar, £60 (2): Hume Pipe (A ,x S H> 5iL o/Mlninr—Mount Morgan. 8/ (2): Martha, 9/. Bulolo, £.5 «/; Rewans Tin, 8/ (2); Placer Developnient. £4 4/9; Mount Itfell, £1 7/ (2). £1 7/3 (2).

Dominion.—Dominion Breweries, £2 10/: Auckland Can (coot.). 2/11 (4): paid. 7/6 (5): North Auckland Farmers (B pref.), 17/9 (2); Fletcher Holding*. £1 11/6 (2). £1 11/3. £1 l}/2. pref., £1 10/6 (2); K.D.V. Boxes, 12/ (31. Maeky Logan, £1 15/3; Reid Rubber (cent.) £1 0/3 (2); paid, £1 12/ (3): McKenales, £3 5/; Milne and Ohoyce, £1 12/3 <2); deb. stock £1 10/; Farmers' Auctioneering (£5 paid), Co 6/; Farmers' Tradlne, £1 6/9.

Loans mad Debentures.—Stock, 1953, »% P-β-; £»4 7/6; Stocfc, Mw, 1853-5«, 3 p.c, £97 15/ (3); Stock, December, 1953-56. 3 p.c, £97 7/6 (4) Stock. 1955-58. 3 p.c, £98 17/6 (2): Stock. 19*7, 2>,i P.C, £98 17/e: Stock, 1947-49, ZJi P.C £97 5/ (4); Stock, 1951-54, 3 p.c. £S8 10/: Stock. 1952-55, 3 p.c, £98 2/6, £98 5/; Stock, 1960-63 3 p.c, £96 7/6; Auckland Gas (perp.). 31 i p.c, £86 5/, £86 2/6; Mount Eden-Boro. 1956-61, 4',; p.c, £108. Unofficial.—Taramakau. 4/6; Farmers' Trading (pref.), £1.3/ (2); Whakajane Paper, 11. TKEND OP THE MARKET The following table gives the prices of various securities a year ago, the current price or nearest quotation, ana the yield which, in the case of loans, includes redemption:— BANKS yield on latest 1 • June 23 June 22 price 1944 1945 or quote £ s* d £sd £ « d Commercial .... 018 9 018 0 314 0 National, N.Z. .. 315 0 «2 16. 9 213 11 New South Wales . 37 15 0 34 10 0 3 9 7 New Zealand ... 250- 210 0 216 0 MISCELLANEOUS £ s d £sd £ « d N.Z. Insurance .. 4 9 0 416 6 2 1110 South British .. 3 19 9 »4 5 6 269 A.C.I 2 15 6 2 15 0 2 10 11 Broken Hill Pty.. 249 263 2 33 Reid Rubber .... 111 6 112 0 315 0 Mount Lyell .. tl 13 6 17 3 t Auckland Gas .. 07 10 078 400 Parmers : Trading 160 1693 14 9 Dom. Breweries . «a 6 0 »2 11 0 314 6 N.Z. Breweries .. 230 *2 4 0 382 G. J. Cole* .... 360 3 110 2 16 4 Wilsons Cement . 10 4 018 9 1 15 6 Colonial Sugar . 56 12 6 80 0 0 2 13 4 Woolworth*— N.Z. 0 19 6 »1 3 6 2 11 0 Sydney 106 133 2 11 8 GOVERNMENT STOCK £sd£s d £ • d 1952-55, 4 p.c ..105 5 0 .*lO3 15 0 3 7 9 1953, 2>, 2 p.c. . . 95 0 0 94 7 6 3 510 1953-57, 3',i P.C .. 104 0 0 102 10 0 3 6 9 1952-55, 3 p.c .. 99 5 0 98 50 350 * Buyers. t Sellers. t Interim dividend passed. SALES COMPLETED

Sales completed on the Auckland Stock Exchange at the 3 p.m. call yesterday, with any variation* from previous sale prices in parentheses, are as follow: Bunk ot N.Z. (50), £2 10' (—9d); Kalapol Woollen (100), £1 3/9 ( + 3d); Fletcher-Holdinzs (MO), £1 11/1 (—Id): Milne and Choyce UOOh £1 12/3: Milne and Choyee (deb) (600), £1 19/: Stock, 15/2/49-50. 2>,i p.c. (£950) (2), £97 3/8 ( + 12/6); Stock, 1/8/51-54, 3 p.e. (£500), £98 15/ ( + 6/).