STOCKS AND SHARES

Dominion, Volume 30, Issue 154, 27 March 1937, Page 12

STOCKS AND SHARES

Dull Markets Last Week REDUCTION IN TURNOVER Business was very quiet on the stock exchanges last week, and up to -chursday, when they closed for the Easter vacation, the turnover was well below recent averages. Sales on the Wellington Stock Exchange last week totalled foSOOO, of which Government loans accounted for £37,730; the number of shares traded was 7070, compared with £75,357 and 13,372 shares for the previous full week. The markets last week were mostly steady except for Australian metal comwhich were irregular in sympathy with the London base metals market Broken Hill Proprietary, Electro Zincs and Mount Lyells were, however, firmer at the close of the week. Banks were generally firm, except New Zealands. National of New Zealand showed marked strength, and business was done at up to 67/-. Industrial and trading issues, both Australian and New Zealand, were quiet. Woolworths (N.Z.) firmed to £7/</6, but the Sydney issue were easy at from £7 5/- to £7/10/-, cum dividend and rights. There were sales of the rights at from 92/6 to 95/-. , t Sales recorded on the Wellington Stock Exchange on Thursday were as follows: —

WELLINGTON EXCHANGE Thursday’s Quotations The latest buying and selling quotations recorded on Thursday on the Wellington Stock Exchange were as follows:— N.Z. GOVT. LOANS.

Canterbury Produce Markets By Telegraph—Press Association. Christchurch, March 26. The grain and produce markets have been very quiet this week, the usual state immediately before the Easter holiday. Deliveries of most lines have fallen off and there is no great interest in any section. The demand for fowl wheat has been rather easier, but it is still large enough to absorb all that is offering. The price remains at 5/3 f.o.b. Milling wheat is not coming in nearly as freely as it was last week as farmers who have stacked are waiting for the increment which will go on. to the price on April 1. A fair quantity of wheat threshed from the stack has been seen and the quality is a great improvement on earlier deliveries. 1 here has been rather more interest in forward potatoes, but little business is passing. Quotations remain unchanged at £3 a ton on trucks for April-May "delivery. Chaff is at present scarce and the market is firm. There has been no change in the small seeds market.

No. of £1000—Inscr. Stock, 31 p.c., d. 6 £ s. 3/39-43 *100 2 £300—Wellington Harbour Bd„ 5i p.c., 28/2/40 . •101 10 0 50—Bank of Australasia ... *12 18 0 »00—N.Z. Refrigerating ... *0 19 0 50—G. J. Coles ♦5 4 6 80—Wilsons Cement, odd lot 10O—Feilding Gas (2) ♦1 15 0 0 1 6 30—standard Insurance ... 2 17 9 Unofficial list: — _ 20—Woolworths Ltd., odd lot ♦7 10 O 20—Ditto, odd lot |7 10 0 50—Ditto 7 10 0 Wanganui Loan, 90/paid, odd lot 2 5 0 ♦Late sale Wednesday. •{•Reported after call.

Buyers. £ s. d. Sellers. £ s. d. 31 p.c. Inser. Stock, . ' 3/1939-43 — 100 10 0 Ditto, 9/1939-43 . ••• 100 10 o Ditto, 1/1953-57 .... — _ 99 0 0 4 p.c. ditto, 6/1952-55 103 0 — 1,0 CAL BODY DEBENTURES. Tolaga Bay Hb. Bi, 4 p.c., 10/9/46 ... - 102 0 0 OTHER DEBENTURES. Amalg. Brick (Wgtn.) — 103 10 0 BANKS. Australasia *12 16 0 13 5 0 Comm, of Aust., ord. .-110 0 19 S National of N.Z — 3 8 0 National of A/asia., £5 paid _ 8 0 0 2 4 6 Union nf Anst — 11 4 0 FINANCIAL. Abraham and Williams, pref. _ — 5 0 0 Goldsborough, Mort and Co — ’ 1 IS 6 N.Z. Guarantee Corp, 40 5 0 0 5 5 N.Z. Mort, and Deposit 0 9 3 0 10 o N.Z. Loan and Merc., ord. stock 45 0 0 50 0 0 Wgtn. Trust Loan .i — 5 13 0 GAS. 12 6 —— o io o Wellington, ord — „ 1 18 0 15 0 Fpilding 0 1 6 0 19 INSURANCE. National of N.Z. ..... 0 17 10 0 18 0 South British — 1 17 9 MEAT PRESERVING. 0 17 1 N.Z. Kefrig., 10/- paid 0 8 5 0 8 10 Wgtn. Meat Exp., ord. 0 5 0 — TRANSPORT. Huddart, Parker, ord. — 1 19 0 Union Steam, pref. .. 1 G 3 17 0 P. and O. defd. stock 1 19 0 —- WOOLLEN. Bonds Hosiery Mills — *10 3 Wellington, pref 5 13 6 —> 10 0 COAL. 14 0 Westport - Stockton, pref ■ *- ■ 0 4 0 TIMBER. Leyland-O’Brien .... — 119 National 0 10 3 —— 0 5 6 Taupo Totara, ord. ... — 0 9 5 Ditto, pref. — 10 0 Ditto, - iG/- paid pref. — 0 15 9 BREWERIES. 2 0 3 "N.Z Breweries — 3 0 0 Staples and Co — 1 16 0 Ward, in liquidation . 0 0 10 — Swan — 8 5 0 MISCELLANEOUS. Anthony Hordern .. — 113 Broken Hill Pty 4 8 6 49 0 Burns, Philp and Co. . — 4 0 0 Colonial Sugar 41 17 6 — Consol. Brick & Pipo 0 9 4 0 9 9 Denhard, pref. ...... 1 0 0 D.I.C., ord 0 16 6 Dunlop Perdriau .... *1 0 1 10 3 Electrolytic Zinc, ord. 3 2 G 3 4 0 Ditto, pref 3 4 3 3 5 0 General Industries ... *1 1 0 G. J. Coles . *5 4 0 Macduffs, pref 1 2 9 .— N.Z. Newspapers .... — 2 13 N.Z. Paper Mills 16 9 19 0 Procera Bread, ord. .. — 1G0 Sharland & Co., pref. 0 19 G Shillings Ltd 0 19 0 Taranaki Oil 0 3 2 0 4 0 United Provisions ... — 0 12 6 Wilsons (N.Z.) Cement 1 15 0 1 1G 0 Woolworths N.Z., ord. 7 4 0 —— Ditto, pref *1 16 0 Moturoa Oil, ord. ... — 0 5 0 Victoria Laundry ... — 113 MINING. jo 2 1 Big River 0 2 0 0 2 4 Mossy Creek *0 1 1 0 14 0 1 10 Australian Mining. Mount Lvell 2 12 O 2 12 G North Broken Hill ,. f4 5 0 Tbabawleik Tin .... 2 3 6 — *C'um dividend. tEx dividend. Unofficial List Buyers. Sellers. £ s. d. £ s. d. Woolworths Ltd., cum rights *7 8 0 7 11 0 Ditto, Ltd., rights 4 10 0 5 0 0 Charming Creek Collleries 0 2 0 Grey River, 2/6 paid — 0 4 0 John Fuller and Son, dehs G7 10 0 Rotary Knit Weax-e . — 2 10 0 Wellington Publishing — 1 15 0 ’Cum dividend.