STOCKS AND SHARES

Dominion, Volume 29, Issue 185, 4 May 1936, Page 12

STOCKS AND SHARES

Australian Industrials Firm ACTIVE TRADING LAST WEEK Trading was fairly brisk on the Dominion stock exchanges last week especially in Australian issues, a iial turnover being recorded, lb® mal ' kets were somewhat irregular vv t! ’ a somewhat weaker tendency at the close. The bulk of the business done was in industrial and trading issues. Government loans developed a fairly keen demand, the tone ot the market be in" steady. Supplies were scarce, and trading consequently was restricted, lhe Si per cent, stocks, 1938-52, sold at £lO2 15/ 1 - to £lO3/5/-, and the 3} per cents., 1938-41, at HOl/17/0 The 4 Per 1940, went at irom £lO2/o/- to with a later sale at £lO2/o/-. lhe 4 per cents, 1940, sold at £lO3/u/- and £lO3, tlie 1949's at £lO2/10/- to £lO3/./-, and the 1955’s at £lO3/10/- to £lO4. Dealings in local body debentures were confined wholly, to Aucktand issues. Company debentures were neglected, the only sales being Amalgamated Bricks, Auck -land and Wellington issues, ii per cent., were dull and easier New Zealands weakened on sales from 40/0 to 45/9. Commercial of Australia sold at from22 3 / 2 X’7/“ d and preference issue at £9/8/-, £d/i/J, a ““ £9/7/0. Australasias were firm, at £ll 17/0 to £l2, and National o_f New Zealands had several sales at <D /‘- e . b ® rv ® Banks were traded at from £O/11/J io £6/117-. New South Wales were weak on dealings at from £33/12/6 to £33/7/6, and E.S. and A.’s sold at £6/6/- and £6 4/6. Union Banks were firm on dealings at from £9/14/6 to £9/16/-. . Insurance shares showed a farmer tendency, but business was very limited. Nationals were done at 19/6 and 19/Zealands at 61/6, South British at 91/0, and Standards at from 63/- to 63/6. Fin uncial and pastoral issues were neject ed Business was done m Goldsbrou„h Morts at from 31/9 to 32/- Mortgage Corporations sold at 10/9, 10/6,. a “ d 10/-- NZ. Guarantee Corporations at 5/7, ’5/6, and 5/5, and Wellington Trust and Loan at £5/4/-. , Business in gas shares was confined to Aucklands, which were firm on sales at from 26/1 to 26/3.. Coal-mmmg issues were inclined to improve. trrey Valleys sold at. 11/6 “ tO Q l2/-, Renowns at 10/1, Taupins at 17/3 and 18/-, and Westnorts at 22/3.’ Northern Steams firmed on sales from 6/9 to 6/10, and Devonport Ferry were 3d. better at 21/d. Some interest was shown in . Southland Frozen Meats, dealings being recorded in both issues at <6/6. Gear Meats had a sale at 20/3.' N.Z. Refrigeratings, fully paid, sold firmly at 19/9 to 20/-, but the 10/- paid eased from 9/9 to 9/6 and 9/8. Woollen issues were a firm market, ana We - lingtons improved on sales -to tb/z/-. Yam Falls sold at 41/-. Bruce pref, at 23/-, and Kaiapois at !»/- and 6/- for the 7/- paid. A small business was done in timber issues. Kauris selling at 23/9 and 23/3, Leyland O Brien s 23/-, and Taupo-Totaras at 9/6. and 10/-. Reports of negotiations with N.Z. Breweries caused active trading in Timarus, which'sold at from 10/lO to 15/3. New Zealands were brisk, sales ranging from 51/9 to 52/3. Dominions firmed to 22/3 ,and Tooths were done at 53/-. Buyers advanced to 43/- for Tuis, but there were no sellers. Australian Issues Active. Australian issues accounted for most of the active trading in miscellaneous industrial and trading issues. Anthony Horderns were done at 19/7 and IJ/V. Australian Glass advanced sharply on .reports of a share distribution, sales being made at 84/9, 88/-, and 90/-. Broken Hill Proprietary were active and firm, selling at from 59/8 to 61/6, and business being done in the new issue, 10/p’aid, at 35/9 to 36/-. British Tobaccos were firmer at from 40/- to 40/b. Burns Philp sold at 69/9 and 69/-. There were dealings in Bycrofts at 4a/-, and Claude Neon (N.Z.) nt 42/-. Colonial Sugars were a shade firmer on sales at from £4l/12/6 to £4l/17/6 Consolidated Bricks were traded at 9/11 to 10/1, Dominion Fertilisers at from 20/3 to 25/7, Electrolytic Zincs at 37/3, Farmers’ Trading at 9/6, and General Industries at 18/9. Dunlop Perdriaus developed an active market, advancing from 15/2 to 16/4, but they eased later to 15/8. G. J. Coles showed considerable irregularity, sales ranging from 70/9 to 74/9, and down to 72/9 and 73/3. Henry Jones Co-op. sold at 41/- and 40/101, and Hume Pipe (Aust.) at 16/10 and 16/11. K-D-V.. Box, 10/- paid, were done at 3/9, 4/-, and 4/3. Macky Logans sold at 20/9, and Morris Hedstrom were firm at 25/9. N.Z. Drugs were slightly better on sales at from 75/6 to 77/-. Northern Roller Mills were done at 25/-, and the preference at 22/6. N.Z. Newspapers eased from 42/6 to 41/9 and 42/-, but “Otago Daily Times” were firm at 49/- and 49/9. There were dealings in Whitcombe and Tombs at 70/-, and Wilsons Cement were very firm on dealings at-43/- to 43/6. • The Woolworth issues were firm on active trading. The New ordinaries advanced on sales from £5/15/to £6, and the preference sold at 35/-. A heavy turnover in the Sydney issue was recorded, and with slight ' variations, prices advanced steadily from £7/17/- to £B/3/6. Mining shares were not very active. Mount Lvells firmed on business from 24/6 to 25/-. Mount Morgans were steady, and Marthas advanced from 19/9 to 20/9. Broken Hill South had dealings at £5/14/-, Placer Development sold at £5/17/-, Blackwaters at 29/-, Talisman Dubbos at 11/3, and Waihi Investments at 12/- and 11/9.