SHARE MARKET.

Press, Volume LXVIII, Issue 20624, 13 August 1932, Page 12

SHARE MARKET.

WEEKLY REVIEW. A SMALLER TURNOVER. During the past week there was a •T o od volume of business on the Metropolitan Exchanges, and price movements general* were in favour of holders. Bank shares again proved most popular with investors, but there was good enquiry in most sections, and business was well spread. The following is a comparison of the daily recorded volume of business on the'local market for the past fortnight: This Week. Last Week. .€ £ Saiurdav .. 285 1,918 ?r j « T>4 4.241 Monday .. «.,l-4 *,-;" Tuesdav .. Closed I,J/£ Wednesday .. 1,680 £,022 Thursday .. 2.280 2,468 Friday •• 1,628 2,119 £7.997 . £16,341 - The analvsis of this week's total, which includes only one full day's trading, as the Exchange closed at noon on Wendesday, Thursday, and Friday, -rives the following results (last week s figures in parentheses):—Debentures, £9OO (£3000): Banks, £2545 (£2921); Refrigerating, £299 (£3«>; Breweries, *832 (£1949); Lyells, £<6o (£662), Mining, £147 (£715). . Four and a half per cent, issues were easier with dealings in the 1938 Stock and Bonds at £95 10s and m the 1939 Stock at £95 10s. Five and a half per eent: Soldiers' Settlement Loan btocJc due 1933 was firm at £99 15s, and the Bonds changed hands at the same figure Five and a half per cent. Stock due September, 1937, was firmer with dealings at £lOl 5s and £lOl 7. 6d and late offers of £lOl 7s 6d failed to attract sellers—the Bonds remained unaltered at £lOl 5s and closed stronger with buyers at £lOl 10s, no sellers The February Bonds were firm at »iui 10s and £lOl 7s 6d, and more were wanted at £lOl 15s, no sellers. inckland Harbour Board 6 per cent. Debentures, due 1941, changed bands at £lO2, the 5J per cent., due 1948, at fc97 10a, and Waitemata County 1961 Debentures at £9B. Banking Section. In the banking section the outstanding feature was the fall in New Zealands, prices declining from 48s 4d to 45s 3d, but recovering slightly at the close to 45s 9d buyers, 46s sellers; the local turnover was 900 shares." Australasias changed hands at £9 12s 6d and £9 10s, and more are wanted at £9 10s, sellers at £9 17s 6d. Commercial Bank of Australia, cum dividend, were fractionally firmer at 14s, 14s Id, 14s 2d, and 14s 3d; ex dividend business was recorded at 13s 8d; the preference, cum dividend, were easier at £6 19s. E., 8., and A. were firm at £4 2s, and more arc available at £4 2s 6d, .buyers at £4 Is. National of Australasia £5 paid weakened to £5 2s '6d, and late offers, of £5 2s failed to attract sellers. National of New Zealand ranged from £3 7s 6d to £3 9s 6d, and late sellers are asking- £3 10s, buyers at £3 6s 6d. New South Wales changed hands, at £26 15s and £26 ss, compared with £26 12s 6d and.£26 15s last week. Unions were firm- at £7 and £7 0s 6d; shares on the Melbourne register realised £7 Is. Insurance and Loan and Agency. National Insurances moved np a point to 2s Bd. New Zealands had dealings at 40s 2d and 40s 3d. South British ■cored a rise of Is 6d, with transactions at 55s 6d" and 565, and late buyers are offering 55s 3d, sellers at 58s. Queensland were taken at 40s 9d, an advance of 9d on last week's turnover. Dalgety and Company shares rose 2s to £7 7a. ' Goldsbrough Morts scored a riße of Is with business at 235, and closed firmer at 23b 6d buyers, 23s 9d sellers. United Bnilding Society shares claim buyers at 14s 7d, last recorded business figure, sellers at lss'6d. Shipping, Frozen Heat, Coal, and Gas. Huddart-Parkers jumped from 24s 6d to 265, 26s 4Jd; and 26s 6d. Northern Steamship advanced to 7s. Gear Meats hardened, to 32s 9d, and subsequent unsupported sellers wanted 335. New Zealand Befrigerating 10s paid changed hands' at 4s 3d and 4s 4d. "Westport Coals were fractionally weaker at 12s 34 and late unsupported Bellers are asking 12s 4d. "Stockton Coal ordinary shares moved up. a point to 6d, and more are wanted at that price; no sellers. Breweries. • New Zealands' ranged from 25s 2d to 25s 6d, closing at 25s 3d; the local turnover was 500 shares. Tooths advanced' to -27b, and more are wanted at 26s 6d, sellers at" 27s Bd. Quotations for Carltons and Staples revealed firm markets. Miscellaneous Investment Section. Australian Glass advanced to 36s 6d and' 36s 9d. British Tobaccos rose to 295.' Colonial Sugars changed hands at £42 7s 6d, £42 10s, £43, and £43 ss, as against £4l 15s to £42 5s last week. Dunlop. Eubbers were fractionally weaker at lis lOd and lis 9d. Electrolytic Zinc ordinary shares at 14s 3d showed, an advance of 2s 2d oh last week's dealings. Henry Jones were firmer at 29s 3d, and more were wanted at 295, sellers at 30s. Moturoa Oils showed little variation at 3s 3d and 3s 4d. Mt» Lyells rose from 17s lOd to 19s 6d. . New Zealand Drugs claimed buyers' at 555, but sellers were reticent; last week '3 dealings were at 54s 6d. North Canterbury Co-op. Flour Milling shares had dealings at 12s. New Zealand "Farmers* Fertiliser, cum dividend, hardened to 14s and 14s 3d. Taranaki Oils were a shade stronger at Is 2}d. Woojworths (N.Z.) preference advanced to 265. Gold Mining. The local turnover of 5300 shares was in Golden Points, which were a shade stronger with dealings at 6}d, 7Jd, and 7d. Golden Dawns recovered to ss. Mahakipawas were released at 3d. Okaritos were turned over at 9s and 8s lOd. Waihis hardened from 15s 9d to 10s, closing at 15s lid. Gillespie's Beach remained unaltered at *d discount. YESTERDAY'S TRANSACTIONS. There was a moderate turnover in a few stocks en call yesterday, and quotations for several stocks indicated firmer markets. Transactions,' exclusive of vestibule business, were:-r -.-■- 100 Commercial Bank, of Australia'. 200 Bank of New Zealand (late . sale-, 11th). 200 New Zealand Breweries. 14, Colonial Sugar, 200 Mt. LyeU. 1800 Golden Point.

Buyer* of New Zealand Government 51 oer '.cent. Bonds, due February, 1%? raiser! their bids to £lOl 15s without attracting sellers. Commercial Bank of Australia shares realised 16s Pd, buyers staying in at that figure, sellers at 13s lOd. A late sale of Bank or New Zealand on Thursday was reported at 45s 3d, but buyers yesterday offered 45s 9d, with sellers at 465. Other Shares. Buyers of New Zealand Insurance shares moved up a couple of points to ;-0s 2d, sellers firm at 40s 6d. faoidsbrou»h, Morts had improved demand at 23s 6d, sellers at 23s 9d. hellers of Christchurch Gas shares reduced their limits to 24s 9d, buyers at 24s 2d—the 10s paid shares claimed buyers at lis 6d, sellers at lis lOd. New Zealand Breweries remained unaltered, with dealings at 25s 3d, closing quotations Id on cither side. Offers of 23s 6d for Staples Brewery shares failed to attract sellers. Colonial Sugars advanced to £43 os, market closing 2s Cd on either side. • Electrolytic Zinc ordinary shares were firmer on buyers offers 14s, sellers at 14s 6d. Mt. Lyells hardened to dealings at 19s 6d, and there were further buyers at that price, sellers at 19s 9d. Buyers of Milburn Lime raised their bids to 255, but sellers were reticent. New Zealand Paper Mills hardened to 20s 3d buyers, 20s 9d sellers. Whitcombe and Tombs showed improvement, with buyers at 51s, no sellers. Golden Point gold mining shores were fractionally firmer at 7d, and more were offered nt that figure, i buyers at 6§d. AUCKLAND. [THE PRESS Special Service.] AUCKLAND, August 12. An active week was experienced in the investment market on the Auckland Stock Exchange, and prices have hardened, Investors paid considerably more attention to the industrial sections, and trading in miscellaneous invests ments, together with dealing in banks, was heavy, with a corresponding decline in turnover in Government loans. The rates for February 5J per cent., 1937, Bonds moved up 2s 6d in two transactions at £lOl 7s 6d, and Septembers were steady at £lOl ss. The only other business was in 1939 4$ per cent. Stock, which at £95 10s was 10s easier. Bank of New Zenlands lost ground, declining in daily transactions from 47s 9d to 465. Other issues were firm at late rates and better. Commercials of Australia were written down to 13s Bd, following payment of dividend, but closed with a firmer movement. A strong market continued for insurance, with New Zealands steady at 40s 3d and South British considerably firmer at 55s 6d to 565. Practically all the remaining business was done in the miscellaneous section. There were signs of a levival of interest in other divisions, but enquiries for Goldsborough, Morts and New Zealand Breweries alone received any satisfaction. Most of the popular issues in the miscellaneous section were dealt in. Colonial Sugars registered the strongest advance, being lifted on sale to £43, a gain of 15s. Activity was marked in the mining section in "Waihis and Mount Lyells. The former gained 3d to 16s, while in response to the improvement in the metal markets Mount LyelLs were lifted on steady sale from 17s lOd to 19s 2d. Little was done in other gold mining shares. DUNEDIN. [THE PBESS Special Service.] DUNEDIN, August 12. The share market during the past week has been fairly steady, but several lines inclined to improve in demand. There was a sale of Bank of New Zealands at £2 8s 2d, and another transaction was reported at £2 8s 3d. The market eased later, however, and towards the close business was reported. at £2 5s 9d. Further offers of £2 5s found sellers firm at £2 6s. Bank of New South "Wales were turned over at £26 17s 6d. The closing offer was 10s less than this. E., S., and A. Banks were dealt in at £4 2s, and there was a steady demand for these at around £4 Is. •Sellers, however, were firm at £4 2s 9d. A parcel of National Bank of New Zealands realised £3 7s od, and there was an unsupplied buyer forward at that figure at the close of the market. No business was done in the insurance section, though there was a steady demand for shares throughout the ' week. Union Steams saw business at £l. The demand for P. and O. deferred stocks continued to: improve, and at the close there, was & n unsupplied buyer forward at £l. Up to £7 5s was offered for Dalgetys without attracting a seller. There has been . good demand for Loan and Agency shares, but no business resulted. Further offers of £1 16s for Australian Glass shares have not found a seller. There was a sale of contributing New Zealand JRefrigeratings, at 4s 3d, and this was the , figure offered by buyers at the close, when sellers were demanding 4s 6d. New Zealand Drugs continued in demand at up to £2 14s 6d, but sellers were unwilling to. do business at 1 less than £2 16s. New Zealand Farmers' Ferti,. Users are now being asked For at - 13b 6d with no seller forward. There is a fair demand for Wilson's Cements which are now being asked for at £1 8s 6d, sellers demanding Is more. A sale of New Zealand Breweries at £1 os 3d was followed bv further offers of £1 ss, which found sellers firm at £1 5s 6d. The market for Waihis was steady, and there was a.sale of these at 16s. The market closed with an plied buyer forward at. 15s 6d. For preferred : Electrolytic Zincs, £1 2s was offered, but sellers were' reticent. There was a sale of Mount Lyells at 18s 9d, but there has since been a further improvement, and the shares are being asked for at 19s 4d, with a seller in the market at 19s Bd. Business was done in Mahakipawas at 3d, further offers of the same figure finding sellers firm at sd. Okaritos were dealt in at 9s, and they continued to be offered at that figure, with a buyer forward at 8s 10d. There were three > sales of. Golden Points at 7\d, and one parcel sold for 7d. The latter figure was offered at the close, but sellers then were demanding 7jd; A halfpennv discbunt was paid for a parcel of Gillespie's Beach, which are now in demand at Id discount with a seller in the market at par. In the Government loans section, two parcels, of 5i per cent. Stock (September, 1937), were sold at £lOl 5s They are now on offer at £lOl 10s, with no buyer forward. BEET SUGAR QUOTATION. LONDON, August 11. Beet sugar, September; 6s 6Jd. PROPERTY- SALE. V Messrs Ford and Hadfield, Ltd., real estate agents and auctioneers, 131-iS3 "Worcester street, report having sold, oh account ot Hrs Gib6on, her bungalow, situated" 97 Jefftvj'a -road, tfendalton, t» » client. —6 |