Commercial News

Auckland Star, Volume LXXVI, Issue 237, 6 October 1945, Page 3

Commercial News

LOANS IN LEAD

INVESTMENT TURNOVER

BANKING SHARES WEAKER

Continued active trading in Government loans has been the main factor in keeping business at a moderate level on the Auckland Stock Exchange during the past week. No major influences have been experienced, but. each day the flow of investment funds into gilt-edged securities has been maintained at an average rate of several thousands of pounds, with all changes in values upwards. The yield of the 2J per cent issues on present prices appears to have settled appreciably below 3 per cent. Among banking and insurance shares, the tendency has been downwards. New Zealands weakened at the close, while National Banks dropped 6d after having been steady at £2 15/9 for fully six weeks. Brewery shares were firm, Dominions making" advances to reach £2 15/. There was little interest in Australian Issues, and local industrials were generally quiet, the principal movement being a rise of 2d in Fletcher Holdings and of H<l in Farmers - Fertilisers, an adjustment in Reid Rubbers in response to the announcement of the new issue, and a slight weakening in Wilsons Cements. Marthas were firmest in the mining group, ending a penny higher than a week ago. Mount Morgans reacted 2d. Compared with the previous week's figures, in parentheses, business was as follows: — Government loans. £28.135 (£31.260); local body debentures. £900 mil); commercial debentures, £107 10/ (nil); banks, 1354 shares (1590); insurance. 1365 (550); loan and agency, 100 (1930); coal. 577 (nil); gas, 295 (220); shipping, 275 (nil); woollens. 162 (200); breweries. 1200 (440); meat, 50 (nil); miscellaneous, 4314 (9746). Trend Of Market The following table indicates the fluctuations in the values of various

securities: — Banks YieiJ on latest Oct. 6 Oct. 5 price 1944 1945 or quote £ s d £ s d £ » d Commercial 0 18 2 0 18 3 3 17 * National. N.Z. . . 2 15 0 2 15 3 2 15 5 New South Walee 35 5 0 34 5 0 3 10 1 New Zealand .... 2 4 6 293 2 Iβ 10 Miscellaiicons £ 3 d £ s d £ « d N.Z. Insurance .. 4 8 0 4 14 9 2 12 10 South British .. 3 18 3 4 » » 24T A.C.I 2 17 6 2 17 6 2 8 8 Broken Hill Pty.. 256 260 23J Reid Rubber .. ITS *1 10 0 386 Mount Lyell .... 1 11 6 fl 6 3 J Auckland Gas .. 080 078 3 Iβ 4 Farmers' Trading 159 186 3 10 3 Dom Breweries .233 2 15 0 390 N.Z. Breweries .. 220 266 3 *f G. J. Coles .... 390 t3 16 3 2 12 5 Wilsons Cement . 0 19 6 0 19 6 1 14 2 Colonial Sug-ar .. 57 0 0 59 5 0 2 13 10 Woolworths— New Zealand .. 10 11 153 *'• Sydney 115 146 290 Government Stock £sd £ s d £ * d 1952-55, 4 p.c. .. 105 17 6 106 0 0 3 2 9 1953, 2>i PC .. 93 15 0 9€ 7 6 2 19 3 1953-57, 3',- P.c. 102 2 6 tl03 0 0 3 13 1952-55, 3 p.c. . . 97 10 0 t99 10 0 3 0 6 • Buyers, t Sellers, t Interim dividend passed. SALES COMPLETED Sales completed on the Auckland Stock Exchange at the final call yesterday, with variations from previous sales in parentheses, are: 100 Bank of N.Z., £2 9 3 (—4V 2 d); 75 South British. £4 9/9 (—3d); 200 Taupiri Coal. £1 11/ ( + 6d); 195 Auckland Gas, 7 8; 62 Pelt and Textiles. £3: 300 Ballins Breweries, 18/3 (+6d); ISO Dominion Breweries, £a 15/; ( + 6d); 180 Martha. .9/5 (—Id); 60 Martha. 9/6 ( + ld); 500 Mount Morgan. 9 2; .£300 Mt. Albert Borough, 1/7/61, 41 .p.e.. £111 10'; £400 ■Waitemata P.B.. 1/12/64. ii p.e.. £113 10/.