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ON 'CHANGE

INSURANCE MfLESTONE j j SHARES SOAR TO NEW MJVELS ■ i 1 A milestone was reached on the Aucfc- >■ land Stock Exchange to-day when shares of the leading New Zealand insurance i companies rose to new peaks—New Zealand Insurance to £5 and South British to £4 10/. On the £1 New Zealand Insur- j ance shares, which pay 12J per cent, the return to the purchaser is now reduced to £2 10/. while the yield on the 10/ South British shares, paying 20 per cent, , is down to £2 4/5. Since the beginning of the vear shareholders of the New Zea- . t land company have had £825,000 added j to the value of their holdings and those of the South British, £644,775. The investment market generally to-day ! was very firm and fairly active. Prices were mostly steady. In the gilt-edged section sellers of low-interest stocks were more numerous, but were loath to accept current prices. SALES COMPLETED

SOUTHERN EXCHANGES wrfHmirton this day.—£3ooo Stock. 15/9/52-55, 3 £98 17/6: £11 000 Stock. U/B/53-W.I P.C i&W 5 .^-3 B^f- e (c A u/7 : Rep . pi" £98 12/6: Reid Rubber £1 12/. Unlisted. Reported, Harley Chambers, £1 1/. |' Dimedln, Monday.-100 Bank of N.Z.. £2 9/1. I £1 0/9; Mount Lyell, £1 8/.

, Rise or It the 3 p.m. call yesterday:— Fall Jnion Bank (100) £8 6 6 — V.C.I. (200) 3 17 6 +3d Jolonial Sugar (5) 61 0 0 — iadfleltis Steel (100) 12 8 +3<J iandos Cement (100) 1 14 3 Voolworths (Syd.) (160) 13 9 — Wunderlich (100) 14 0 .-• N Stock— 15/6/47-49. 2V2 P.C. (£500) .. 97 17 6 — 15/2/55-58, 3 P.C. (£300) .... 99 5 0 +2/6 Jnofflcial— Whakatane Paper (170) 7 0 — ' It the 9.45 a.m. call to-day:— South British Insurance (50) .. 4 10 0 +1/6 laiapot Woollen (cont) <200) .. 9 8 +2d Dominion Breweries (350) 2 12 0 — rooth"s Breweries (100) 3 1 6 — .Vilsons Cement (200) 19 7 +ld vlount Lyell (50) 1 8 0 —6d ' °5/2755-58, 3 P.O. (£250) ... 99 5 O — Unofficial— Whakatane Paper (pref) (500) 15 9 — it the 11.45 a.m. call to-day:— >J.Z. Insurance (50) S 0 0 +1/6 rimaru Woollen (100) 103 — Dominion Brewer es (100) 2 12. 0 — rolonial Sugar (5) 61 0 "■■ 0 — Wilsons Cement (200) 19 7 — iVoolworths (Syd.) (100) 13 9 — 15/2/55-58. 3 p.c. (£400) .. 99 5 0 — LATEST QUOTATIONS Buyers Sellers Com. Bank of Australia 18/5 .. 18/8 National Bank of N.Z 2/17/6 .. 2/18/3 Bank of New South Wales 34/10/0 . 35/10/0 Bank of N.Z ~—. 2/8/9 .. 2/9/0 National Insurance ™™ 1/6/6 .. 1/7/6 , i N.Z. Insurance -..—. 4/19/6 .. 0/0/0 South British Insurance , - 4/9/0 .. — Dominion Investment ■.....■.■■. 1/3/6 .. — Newton King .... 3/0 .. 4/3 j Newton King (pref) 1/4/0 .. 1/5/3 United Bids. (Auck.) ....,..,. 1/3/0 .. — Taupiri Coal .. ■ 1/7/6 .. — Auckland Gas .■■■■■,. 7/5 .. 7/8 Northern Steam ' 11/3 .. 1176 Northern Steam (cont)- ,,,.. ■ ■ ■ 3/3 - 3/4 P. and O. (deferred) ......... 3/14/0 .. — . ! Union Steam (pref) ..■■.. 1/11/9 .. 1/12/9 National Timber ... 6/0 .. — Parker Lamb Timber ■■ 4/0 — — Taupo Totara Timber ... .... — .. 8/9 Taupo Totara (pref) —... 10/6 .. — Oamaru Woollen : 1/9/0 .. 1A1/0 Wellington Woollen -..-. 8/10/0 .. — Wellington Woollen (pref) .... 8/15/0 .. — .'; i Dominion Breweries 2/11/9 .. 2/12/6 Innes Breweries (orcO 1/15/9 .. — N.Z. Breweries 2/6/0 .. 2/7/0 i Aust. Iron and Steel (pref) ... 1/14/6 .. — Berlel (N.Z.) 5/0/0 .. — Booth Macdonald (pref) ..— 8/9 .. — Broken Hill Pty 2/6/9 .. 2/7/0 Burns, Philp . . 3/9/0 .. — Caro's (ord) ■ 1/4/0 .. — Caro's (pref) ■ 1/4/9 .. — Colonial Sugar . 61/0/0 .. 61/5/0 | Consolidated Brick ■■ -~ 9/0 .. 10/0 DIC (pref) 1/3/0 .. 1/10/0 Electro. Zinc 2/17/6 .. — Electro. Zinc (pref) - 2/18/0 -. — Entrican and Sims (£1 pref) .. 1/1/0 ~ — Farmers , Trading 1/7/6 .. — General Industries ............ 1/5/3 .. — Gordon and Gotch — 4/0/0 .. — Grey and Menzies 19/0 .. — Herald and Weekly Times .... 3/4/0 .. — Hill and Plummer 1/11/0 .. — I.C.I., A. and N.Z. (pref) .... 1/6/3 .. — McKenzies 3/5/6 .. 3/7/6 Masonite Corp. 1/15/0 .. — Metiers 19/6 •• ~ „ Morris Hedstrom . — •• 2 /»/° National Pictures 11/0 •- 12/6 N.Z. Forest Products 7/0 .. 7/10 N.Z. Forest Products (prel) .. 11/3 .. — J. J. Niven I/O/ 6 •• — Peters Ice —- 1/5/0 ... — Robinson Ice _*..~~.m.~~~~.. 1/11/0 .. — Taranakl CM ...■■■■ °/ 6 •• 1/0 Union Oil ~ 1/9/3 •• — William Cable (preO 1/9/° •• — „ Woolworths (N.Z.) 1/4/9 .. l/S/3 Woolworths (N.Z.) (pref) .... 1/19/0 .. —. Woolworths (Syd.) 1/3/6 •• 1/4/0 | Woolworths (Victoria) (pref) . 1/10/6 .. ■ — W. R. Carpenter 2/3/9 .. 2/5/6 Arahura Mining l ()V>l Kanieri Dredge 1/3/6 •• 1/5/0 nulolo „ 5/6/0 .. — p_°I™ r Ill 15/6 .. 18/0 S .::::::r:~ wo :: we Rawane Tin, 8/8 .. - | Wellington AUuvials 3/6 .. — St 15 C / k r 4 , 2V' 2 P.C ~ 98/12/6 .. 98/17/6 15/6/47-49 2>i p.c 97/17/6 .. 98/0/0 15/5/50-51 2'i P.cl ......... 96/5/0 ..96/15/0 99/5/0 ..99/15/0 j 15/9/52-55, 3 p.c 99/0/0 .. 15/12/53-56, 3 p.c 98/5/0 .. — j 15/2/55-58, 3 p.c 99/5/0 .. 99/7/6 , 15/4/56-59, 3 P.C •■• 98/7/6 ■■W\ 2 '* ' C'wealth Bonds, 15/10/60, 31 . — ..101/10/0

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/AS19450724.2.24.1

Bibliographic details

ON 'CHANGE, Auckland Star, Volume LXXVI, Issue 173, 24 July 1945

Word Count
735

ON 'CHANGE Auckland Star, Volume LXXVI, Issue 173, 24 July 1945

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