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EAGER INVESTORS

SECURITIES SCARCE

UNSTEADINESS IN BANK OJT KJE.'S These are difficult days for Investors and brokers. On every hand there appears to be an ever-growing accumulation of funds, while opportunities for their profitable use are few. Deposits in the trading banks have . mounted tremendously, and must be expected to go higher while opportunities for industrial development are so limited by wartime^conditions. A few months ago substantial sums, mainly trust moneys, were finding their way into Government securities, but in July there was a contraction in the flow. This, however, was probably only a lull, for in a market so liberally supplied investment operations must go on. Actually, the past week has been a moderately good one in this section. Most stocks are now close to par, with a yield around 3 per cent, and under present day conditions such a return cannot be regarded as unfavourable. The main trouble is dearth of supplies. In. banking shares a wave of confidence carried New Zealands up a shilling in four days, but a reaction occurred following yesterday's deputation to the Government. Political uncertainty continues to cloud the future of shareholders as complete State purchase appears to be drawing steadily nearer. Insurances have been quieter, and New Zealand's have been unable to hold to their peak of £5 touched a week ago. Auckland companies have been well represented among miscellaneous shares traded, the general trend of values being upward. Particularly strong is the Woolworth group. Compared with the previous week's figures, which are shown in parentheses, business was distributed as follows:— Government loans, £14,860 (£40,760); commercial debentures, £600 (nil): banks, 3851 shares (1671): insurance, 300 (400); loan and agency, 225 (202); gas, 300 (250); shipping, 1100 (600); timber, 616 (nil): woollens, 150 (1570); breweries, 1000 (1432); miscellaneous. 6814 (6470). Mr. J. M. Frater and Mr. S. C. Hay were elected members of the Auckland Stock Exchange yesterday. Trend of the Market The following table indicates the fluctuations in the values of various securities: BANKS Yield on latest Aug. 4 Aug. 3 price 1944 1945 or quota £sd£■ d £ s d Commercial .... 0 19 1 0 18 7 3 16 1 National, N.Z. 2 15 0 2 17 0 2 14 5 New South Wales 37 15 0 34 17 0 3 10 0 New Zealand 2 S 10 2 10 1 3 16 6 MISCELLANEOUS £sd£» d £ s d N.Z. Insurance 4 12 0 t4 19 0 2 10 6 South British .. 426 410 0 245 A.C.I 217 0 217 3 2 810 Broken Hill Pty. .250 270 227 Reid Rubber .... 110 0 >1,12 o 315 0 Mount Lyell 112 6 »1' 8 0 } Auckland Gas 0 8 0 0 7 7',i 3 18 4 Farmers' Trading 1 7 0 1 8 3 310 10 s°™- Breweries . 360 212 0 313 1 N.Z. Breweries 226 2 « 6 346 G J. Coles .... 3 7 3 310 0 217 1 Wilsons Cement . 019 2 100 113 4 Colonial Sugar .60 0 0 61 0 0 212 5 Woolworths— New Zealand .. 119 154 2 1 i Sydney 120 1 4 « 290 GOVERNMENT STOCK £»d£s d £ » d ?«S" 55 ,V 4 P ' C 106 2 6 105 0 0 3 3 9 1953, 2 l ,2 P.C. 95 0 0 95 17 6 3 2■ R •?'& p - c " 103 0 0 *102 0 0 3 4 0 1932-55, 3 p.c. .. *99 5 0 »gg 7 6 3 3 3 » Buyers. t Sellers. t Int., div. passed.

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Permanent link to this item

http://paperspast.natlib.govt.nz/newspapers/AS19450804.2.8.1

Bibliographic details

EAGER INVESTORS, Auckland Star, Volume LXXVI, Issue 183, 4 August 1945

Word Count
580

EAGER INVESTORS Auckland Star, Volume LXXVI, Issue 183, 4 August 1945

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