STOCKS AND SHARES

Dominion, Volume 28, Issue 121, 15 February 1935, Page 14

STOCKS AND SHARES

Market Dull AUSTRALIAN ISSUES WEAK Au easier tendency in banks and most Australian shares was a feature of the markets on the Wellington Stock Exchange yesterday. Business was dull aud the markets generally were inactive. There were minor changes in quotations of Government loans autb.no interest was shown in local body and company debentures. A strong selling movement was apparent in banks, which showed a definitely easier tone. Commercial of Australia were unchanged at 16/4, sellers easing a point to 16/7. Buyers bid £4/18/6 for E.S. and A.’s. sellers standing at £5/1/-. New South Wales were again wanted at £3O, sellers cutting 2/6 at £3O/10/-. New Zealands were down at 49/6, sellers 50/3, and the D mortgage shares were sought at 31/9. Goldsbrough Morts weakened to 27/7, sellers 28/3. New Zealand Refrigerating were slightly lower at 19/3 and 9/3. Shipping shares were steady. There were buyers in for Wellington Woollens at £5 13/- for both issues. New Zealand Breweries dropped 50/-, sellers 51/-. In miscellaneous industrial and trading issues Dentals and Medicals and D.I.C.s were steady. Wilsons Cement firmed to 34/-, sellers asking 6d. better. Australian issues were weaker. Colonial Sugars were marked down to £4O/10/-, sellers £4l/12/6. British Tobaccos were wanted at 37/9, Broken Hill Proprietaries at 52/6, Dunlop Perdriaus at 18/8, Electrolytic Zincs at 33/9 for the preference and 21/- for the ordinaries, and Australian Iron and Steels at 22/3. Mining shares were very flat. WELLINGTON EXCHANGE Yesterday’s Quotations The latest buying and selling quotations recorded yesterday on the Wellington Stock Exchange were as follow:—

LONDON STOCK EXCHANGE Markets Idle and Uncertain By Telegraph.—Press Assn- —Copyright. London, February 13. The Stock Exchange to-day continued unsettled with fairly large liquidations. Consequently the weakness of gilt-edged securities' continued until the afternoon, when there was a sharp recovery. At one time 2J per cent. Consols were nearly £4 below Friday, which is equal to a capital depreciation of about £10,000,000. War Loan was about £3 lower, equal to a depreciation of nearly £60.000.000. British Official Wireless. London, February 13. On the Stock Exchange the markets continued idle and uncertain. Selling was not pronounced. Some stocks did not maintain their improvement and War Loan 3} per cent, was quoted at £lO5 15/- after being up to £lO6/5/-. Financial editors attribute much of the heavy tone of the last few days to the size of the specific account which has been built up and express the view that when this position has been liquidated no reason existf/why the markets should not again rise, since cheap money, which has been the dominating factor in the longcontinued rise, continues in existence.

SYDNEY STOCK EXCHANGE

General Markets Weak By Telegraph.—Press Assn.—Copyright. (Received February 14, 8.50 p.m.) Sydney, February 14. On the Sydney Stock Exchange to-day the general market was weak. Bonds improved slightly.in response to an increased demand, but most industrial issues were marked down by small amounts. Sales: Commonwealth bonds, 4 per cent., 1938, £lO4/7/6 , 1941. £lO5/17/6: 1944, £lO7/10/-: 1941. £lOB/7/6; 1950, £lO9/12/6. Bank of New South Wales. £3O/10/-; Comniercial Bank of Sydney, £l6/6/-; South British .Insurance. 97/6: Associated News, 23/-; ditto, uref.. 23/3; Howard Smith, 16/3. . Burns Philp, 62/6; British r £obacco, 38/9; Tooths, 48/9.: Australian Glass, 62/-; Dunlop Perdriau, 18/10J; Morris Hedstrom, 18/9; Henry .Tones, 37/1}; Millaquin Sugar. 35/-, Fairymead Sugar, 37/-; Farmers, 25/9; David Jones. 40/6: Anthony Hordern, 18/14. Standard Cement. 19/104; Australian Iron and Steel, pref., 22/104; Victoria Nyanza Sugar, 6/7, Drug Houses of Australia, 24/104; Broken Hill Proprietary. 52/9; General Industries, 14/6. IJorning sales included: Commonwealth bonds, 4 per cent., 19’13, £lO4 10/-; 1941, £lO5/12/6; 19-14, £lO7/7/6; Anthony Hordern. 18/1}; Associated News. 22/9 (pref.), 23/-; Colonial Sugar, £4l/15/-; Goldsbrough Mort. 28/-; Morris Hedstrom, 18/9. Melbourne, February 14.' Sales on the Melbourne Stock Exchange to-day included: Commercial Bank of Austria, 16/11; E., S. and A. Bank. £5 2/-; Australian Glass. 63/-; Broken Hill Proprietary, 52/9; Dunlop’ Perdriau, 19/j Electrolytic Zinc, 22/2. Dividends Payable

SYDNEY WOOL SALES Bradford and Japan. Active By Telegraph.—Press Assn.—Copyright. (Received February 14, 10 p.m.) Sydney. February 14. At the Sydney wool sales to-day. 12.162 bales were offered, of which 10.499 were sold at auction. 1323 bales being sold privately. The market was firm for all the better descriptions of fleece anti skirtings, but average to good top-making fleece and inferior sorts were still irregular. Bradford and Japanese buyers wore the main operators,' with good support from Franco and Germany on better descriptions. Five bales of greasy merino made 24Jd., equalling the xiustralinn record for the present season. Average prices obtained in the Sydney wool market to the end of January have been made available by the National Council of Wool Selling Brokers of Australia, as under: —

N.Z. GOVT. LOANS. . ■ ■ Buyers. £ s. d. Sellers. £ s. d. 4 p.e. Bonds, 1937-40 .. —— 103 0 0. 4 p.c. ditto, 1943-40 .. 106 10 0 —— 4 p.c. ditto, 1946-49 .. 107 5 0 —— » 4 p.c. ditto, 1952-55 .. 109 0 .0 — 5 p.c. Rural Bonds. 1947 105 0 0 —— 34 p.c. Ins. Stk., 1938-52 —— 107 10 0 4 p.c. ditto, 1937-40 .. — 102 10 0 4 p.c. ditto, 1943-46 .. 106 10 0 4 p.e. ditto, 1946-49 .. 107 5 0 — 4 p.c. ditto, 1932-55 .. 109 5 0 100 15 0 DEBENTURES. Amid. Brick, Wgtn. .. — 102 0 0 BANKS. Australasia . — 11 12 6 Comrcl. of Aust., ord. 0 16 4 0 16. 7 Commercial '■ Bankink Sydney — 16 12 6 Eng., Scot, and Aust. 4 IS 6 1 0 National of N.Z — 3 12 0 National of Australasia, £5 paid — G 10 0 New South Wales ‘30 .0 0 30 10 0. New Zealand 2 9 6 10 u Ditto, D long term 111 9 1 ■12 n Reserve Bank of N.Z. —— 6 11 G Union of Aust — 8 19 0 FINANCIAL. Goldsbrough, Mort and Co . 1 7 7 1 8 National Mortgage, A —— *3 1 0 N.Z. Guarantee Corp. 0 5 10 0 6 N.Z. and River Plate . 0 19 0 Wgtn. Trust. Loan .. 5 9 0 —— Wgtn. Dep. and Mtge. 0 4 6 —— Wright. . Stephenson. pref - — 1 0 6 GAS Auckland 1 7 6 — Gisborne —— 0 12 3 Wellington, ord o o 0 2 4 0 Ditto, pref 1 5 0 — INSURANCE. National of N.Z 1 2 9 — m. South British * Queensland — 4 17 0 — 3 0 0 MEAT. N.Z. Refrig., £1 paid 0 19 3 0 19 9 Ditto. 10/- paid .... 0 9 3 0 9 6 TRANSPORT. Huddart, Parker, ord. ‘1 17 6 1 18 9 Inion Steam, pref. ... 1 7 0 1 8 0 WOOLLEN. Wellington, ord r> 13 0 — Ditto, pref 5 13 0 — COAL. Kaitangata — 1 0 6 Westport — 1 2 3 TIMBER. Bartholomew 0 14 6 — Kauri 0 19 0 1 0 3 Leyland-O’Brien —• 1 2 0 National 0 15 0 Taupo — 0 a 6 Rotoitl 0 4 9 0 a 9 BREWERIES. N.Z. Breweries 2 10 0 o 11 0 Stanles and Co — — 1 12 G Tooth and Co — 2 9 0 MISCELLANEOUS. British Tobacco, Aust. 1 17 9 1 18 6 Broken Hill Pty 2 12 6 — 13 6 Burns, Philp and Co. 3 G Colonial Sugar 40 10 0 41 12 6 Consol. Brick and Pipe — 0 10 0 Dental & Medical Sup. 0 10 4 —- Dominion Fertiliser . 1- 1 3 —— D.I.C., paid 0 13 0 —— Ditto, cont 0 10 6 — Ditto, pref — 1 6 9 Dunlop Perdrlau 0 18 8 0 19 0 Electrolytic Zinc, ord. 1 1 0 —— Ditto, 8 p.c. pt. pref. ‘1 13 9 —— Howard Smith, ord. ,. —— 0 17 0 Mount Lyell 0 17 6 0 18 3 N.Z. Newspapers .... —— 1 15 o N.Z. Paper Mills — 1 la 6 Prestige N.Z., pref. ... 1 0 6 — Taranaki Oil •— 0 1 0 Wellington Cordage —— 0 11 0 Wilsons N.Z. Cement 1 14 0 1 14 6 Aust. Iron and Steel .. 1 2 3 1 3 9 Nth. Broken Hill .... —— 2 6 Gordon and Gotch, ord. — . 2 8 6 MINING. Big River ; 0 2 i 0 o 4 Brian Boru 0 0 6 Consol. Goldfields ... —— 0 16 0 King Solomon 0 3 9 0 3 1 LI Okarito •— •0 8 <1 Wai hi — A 0 0 Waihi Grand Junction 0 4 7 Kildare — 0 3 3 ♦Cum dividend. Unofficial List Buyers. Sellers. £ s. d. £ s. d. Woolworths Ltd., ord. 4 11 6 4 12 3 Ditto, W.A. Ltd. .. —— 8 0 0

Metropolitan Gas, Melbourne— Interim at rate of 6/6 per share, equal to 7.07 per cent, per annum Feb. 11 K.D.V. Boxes—interim, -1 per n t Feb. 20 Peters Arctic Delicacy—interim, half-yearly, at 5 per cent, per ■ annum Feb. Feb. • >0 Okarito Dredge—6d. per share .. Bank New South Wales—quar26 terlv, 5/- a share Feb. 27 National Mortgage—final, 2?,- per . cent. Feb. 27 Carlton Brewery—final, halfyearly, at 10 jiyr cent, per annum, making 9 per eent. for the year Feb. 28 Berlei. Ltd.. Sydney—ord. and pref., S per cent, per annum Standard Insurance—half-yearly, Mar. 1 1/3 per share Mar. 4 Huddart, Parker—final, pref., 3 per cent., ord., 4 per cent. ... Mar. 9 Electro. Zinc—interim, pref.. 8 per cent, per annum Mar. 13 Broken Hill South—interim. 1/6 a share Mar. 15

PER BA LE Greasy. Greasy and Scoured. Scoured. £ s. d. L* s. 11. £ s. <1. July .... ..17 3 3 19 12 4 19 3 11 August .. 7 19 11 18 0 8 17 in 11 September .. 12 5 7 14 8 T 12 7 10 October . ..12 7 7 15 7 3 12 10 7 November .. 13 3 4 14 12 »i 13 1 <) December .. 12 3 1 14 0 0 12 5 0 January . .. 12 9 11 13 17 1 12 2 3 7 months ..12 7 -1 15 •1 V 12 10 8