STOCKS AND SHARES

Dominion, Volume 26, Issue 101, 23 January 1933, Page 12

STOCKS AND SHARES

Reaction to Exchange Increase WEEK’S BUSINESS REVIEWED The reaction of the Stock Exchange to the increase in the rate of exchange, New Zealand on London, was the most notable development on the past weeks investment market. With the disappearance of the high rate previously ruling between New Zealand and Australia, VustraJian issues advanced to levels practically equal to those ruling in Sydney and Melbourne. Similar conditions influenced several of the stocks in the minin'- -roup, while , in this section intel est was further stimulated by the advantage which the‘increased premium on the sale of gold in London wiU provide Last week’s trading was brisk, and tlie business done covered a wide range. On Friday, following that mornings announcement of the new exchange rates, the market advanced strongly, on exceptionally strong Australian buying orders, but in most cases requirements were unfulfilled. Solid buying orders for Government loans continued throughout the week, alterations in prices favounn„ holt Sunnlies were limited. Offers closed strong at £l/9/6 for ■ Wellington Gas,' ordinary; sellers lowering heir limits by 4d to do business at this fi-nre at Friday’s afternoon call. Moie supplies were sought at the same price Vnturdav morning, but there was no response. For the debentures buyers increased their offers by </G to £lOO, but cnllorc held off the market. . All banking issues were “^ ed exchange development. Bank ot wew Zealands were active up to the time of the exchange pronouncement, dealing tak ine place at easing levels from £2/-/-’ to g £o/2/- On Friday, however, business was again written at Monday s price ot '-po/9/9 Bank of New South Vales Sny hardened to £26/12/6 onThurs•dav, to advance on Friday to Other Australian issues were affec “Offers e for m Go?d’sbrough, Morts closed firm advancing from £l/1/10 on Monday trn^^ay ‘Thefojtonfrerea” h°l’3? y win be Observed by the Wellington Exchange. .

WELLINGTON EXCHANGE

Saturday’s Quotations urda'r Stock Exchange were as follow.

DEALINGS ON ’CHANGE Sales in the Dominion The following sales were recorded on ths stock exchanges of the Dominion on

OVERSEAS GRAIN MARKETS Chicago Wheat Futures . (Received Jan. 22, 6.30 p.m.). New York, Jan. 21. , Chicago Wheat Futures— May, 47 cents; July, 47 cents; September, 4Hr .cents; New York, cash, 55J cents.

N Z GOVT. LOANS. Buyers. Sellers. £ s d £ s a 0 0 0 9G 101 ~o 5 0 0 debentures. W w40 narb ' Bd ’.’. 5 !.?: C ioo 0 0 w<H-n Gas’co ' 10° 0 0 —— banks. 0 10 10 0 Cominer. of Aust., ord. *0 15 m 0 0 16 4 12 4 6 Nat. of Australasia, £10 6 — ‘ ffi, fiSpaid ...... 5 12 G 5 0 New South Wales New Zealand .23 "c 8 2 0 financial. Goldsbrough, Mort. ... 1 < N.Z. Guar. Corpn 0 4 3 3 1 5 0 GAS. 6 —— INSURANCE. 9 — 0 2 6 0, 1W ZdJU-liWU . n South British * 1J 0 — MEAT. "0 — ®T r.efHg.7 £1 0 10 Ditto, 10/- paid ...... 0 6 3 11 0 *4 2 TRANSPORT. Iluddart, Parker, pref. 1 2 0 —- Union Steam, pref. .... 0 |» 9 P. and O- def. stock ..... U.1J 0 TIMBER. 0 5 9 BREWERIES. N.Z. Breweries' '17 9 6 1 : 9 0 Tooth and Co 1 11 1 15 0 MISCELLANEOUS. British Tobacco, ord. .. 1 11 0 1 12 6 Burns. Philp 2 5 6 Colonial Sugar — 54 0 Electro. Zinc, pref 1 8 3 Wgtn. Queen's Theatre — Wilson's Cement 1 ‘ 1 1 1 0 OIL. 6 —_ MINING. 6 0 ‘ —— Mount Lyell — 1 2 0 Okarito — ■ 0 9 ' 0 Paddy’s Point 0 o waiiii i i 0 1 0 0 Waihi Grand Junction 0 3 6 —■• 9 ■n>. i «Cum. dividend.

Saturday:- w£KrlxtlT0X . s d Sales reported: New Zealand Breweries 0 Ditto Colonial Sugar 0 Blackwater . L i —• "Late sale Friday. AUCKLAND. s d Inser. Stock, 5} P-c., 1936 Bank o£ New Zealand . 161 - n c> Nortlierti Steam, con .. o Colonial Sugar G New Zealand Drug 0 N.Z. Itefrig.. con .. o 4 0 Wilson's 'Cement .. 1 G 9 Gillespie's Beach, (Id. paid .. 0 0 1 10* Golden Dawn .. o 4 6 1 -« 0 .. 1 1 J LI Waihi Junction .. 0 9 Alexander, 13/6 paid .. o : 17 0 CHRISTCHURCH. s d Com. Bank of Australia, cum. div 0 15 10 Ditto (7) ... 0 15 E.S. and A. Bank (2) ... 4 11 G N.Z. Insurance, cum. div o 0 Daisrety and Co 12 6 Goldslirough Mort ... 1 4 8 Ditto (2) ... 1 4 7 N.Z. Refrigerating. 10/- pd (4) .. 0 4 0 N.Z. Breweries (3) ... 1 9 G Ditto ... 1 9 7 Ditto (2) ... 1 9 G Tooths (D • ... 1 4 9 Colonial Sugar 0 lllectro. Zinc, pref ... 1 9 0 Blackwater (5) ... 1 1 0 Alexander, contrlb .... 0 10 6 Paddy’s Point ... 0 G Wnllii ... 1 0 Salos reported:— Bank of N.S.W ...30 0 0 Dalgety and Co 13 0 N.Z. Refrigerating. 10/- pd. .. ... 0 4 0 DUNEDIN. Sales reported: s d Bank of N S.W ...30 0 0 lit. Lyell (2) ... 1 1 6 Inscribed Stock, 4J p.c., 1938 . ...95 7 8