STOCKS AND SHARES

Dominion, Volume 30, Issue 173, 19 April 1937, Page 12

STOCKS AND SHARES

Recovery in Metals Issues BANKS MORE ACTIVE After a quiet opening on weak markets, business on the New Zealand Stock Exchanges made a good recovery last week and a substantial turnover was recorded, principally in banks, metals issues, and chain stores. Industrials were generally quiet with an easier trend. Government loans were in strong demand, but supplies were scarce and a moderate business was done «it slightly improved rates. Trading in local-body debentures was quiet, Auckland issues accounting for the bulk of the business. Amalgamated Brick (Wellington) debentures had sales at par. Good support was-accorded to banks, which were actively traded, especially New Zealands and Unions. The former advanced from 43/6 to 45/44. cum. dividend, and there was a sale of the B long-term mortgage issue at 2G/-: tional of New Zealand weakened on sales from 66/3 to 65/3. Commercial of Australia ordinaries were firmer at from iy/o to 19/81, and the preference sold at £9/8/-. Australasias sold at £l3, Adelaides at £6/8/9, Queenslands at £a/14/6. National of Australasia, £5 paid, at 17/6, and E.S. and A.’s at £6/10/- to £6 11/6. New South Wales were firm at 10/- to £37/12/6, with one transfer on the Svdney register at £3B. Unions advanced from £ll/o/- to £ll/8/-. Insurance, financial, and pastorals were quiet, and Goldsbrough Morts eased from 37/2 to 36/11. . , . , New Zealand industrials were quiet, breweries and meat-freezing issues being most favoured. Brices were on the easy side. Australian industrial and trading issues were dull,-, and several, leading shares were weaker. Australian Glass eased from 93/- to 91/9. Burns Philp from 77/9 to 76/9, British Tobaccos froin 51/to 50/2, Colonial Sugars from £45/u/6 to £44/17/6. and Hume Pipes from.2o/4 to 20/-. Dunlop-Perdriaus were little changed. There was a heavy turnover of Australian base metals issues, which, after a spasm of weakness, made a good recovery. Broken Hill Proprietary fell away from 84/- to 81/3, but regained practicallv all lost ground by the end of the week. Electrolytic Zincs reacted similar]v. Mount Lyells after touching 43/11 made a strong recovery to 48/-, with later sales slightly lower. Broken Hill Souths were a little firmer on the week. Mount Morgans weakened from 11/9 to 16/8. The Woolworths issues were very firm, New Zealands advancing to £B/5/-, with later sales at £8 and the Sydney issue moving up from £7/4/- to £7/14/6. The Svdney “rights” sold at from 90/3 to 102/6. Woolworths (W.A.) were done at £7 to sixpence higher. A feature of the market was the strong advance made by G. J. Coles. After weakening from £5/1/- to 98/6, they suddenly rose to business on Friday at £5/9/and £5/8/9, ex dividend. They were quoted in Wellington on Saturday at £5/6/-, sellers £5/7/-. Gold-mining issues were neglected and saw little business during the week. Sales recorded on the Wellington Stock Exchange on Saturday were as follows: — No. of 100-i-x.z. Guarantee Corpn. *0 410 50—Standard Insurance ... *2 16 9 100—Broken Hill Pty. *4 2 9 JOO—Milburn Lime 11® ” 25—W00l worths XN.Z.) Ltd. *8 0 0 100—Martha Mine 019 6 200—Mount Morgan ....... 016 8 sft—Broken HIU Pty. ...... +4 4 0 50—Ditto T 4 3 3 •Late sale Friday. jKeported after call. WELLINGTON EXCHANGE Saturday’s Quotations The latest buying and selling quotations recorded on Saturday on the Wellington Stock Exchange were as follows:— N.Z. GOVT. LOANS. Buyers. Sellers. £ s. d. £ s. d.

Unofficial List

34 p.c. Inscr. Stock, — 3/1939-43 100 2 6 Ditto, 9/1939-43 .... 100 2 6 Ditto, 3/1941-43 .... 100 2 6 —— Ditto, 9/1941-43 .... 100 2 6 Ditto, 11/1938-52 ... 101 10 0 ■. ■ Ditto, 5/1939-52 .... 101 10 0 —— Ditto, 11/1941-52 ... 101 10 0 Ditto, 5/1941-52 .... 101 10 0 4 p.c. Inscr. Stock; 2/1943-46 102 10 0 —— Ditto, 4/1946-49 .... 101 15 0 — Ditto, 6/1952-55 ....103 12 6 —— 4 p.c. Bonds, 2/1943-46 102 12 6 — Ditto, 4/1946-49 .... 101 10 0 —— Ditto, 6/1952-55 ....103 12 6 — BASKS. Australasia 12 15 0 13 0 0 Control. of Aust., ord. — 0 19 9 Eng.. Scot, and Aust. — •6 13 6 National of N.Z — 3 5 0 National of Australasia, £10 paid 15 17 6 Ditto, £5 paid .... — 8 0 0 New South Wales .... 37 10 0 — New Zealand *2 5 2 2 5 7 Ditto, D long term *15 6 17 3 Union of Aust 11 6 6 — Ditto, Melbne reg. . 11 6 fi — FINANCIAL. Abraham and Williams, ord 2 15 0 — Ditto, pref 4 10 0 5 0 0 Equitable Bdg. .... 0 10 0 —— N.Z. Guarantee Corp. 0 47 Ditto, rights 0 16 — N.Z. Invest., Mort, and Deposit *0 10 0 — N.Z. & River Plate .. 0 18 9 GAS. Auckland — 12 0 Gisborne — 0 10 0 Wellington, ord — 1 17 0 Feilding 0 18 — INSURANCE. 0 17 11 National of N.Z — New Zealand 3 10 — South British 4 13 6 — MEAT PRESERVING. Gear Meat — 0 17 0 N.Z. Refrigerating .. 0 19 0 — Wgtn. Meat Export . 0 5 0 —. TRANSPORT. Huddart, Parker, pref. 16 3 — Union Steam, pref. .. 16 6 Kelburne Tram., ord. 10 0 17 6 13 0 WOOLLEN. 0 18 6 Bonds Hosiery Mills — Wellington, ord — 5 15 0 TIMBER. Kauri 13 3 — Leyland-O’Brien .... — 12 6 Rotoiti 0 4 6 — Taringamutu 0 14 10 •— Taupo Totara, ord. .. — 0 9 3 Ditto. 16/- paid, pref. — 0 15 9 BBEWEEIES. N.Z. Breweries 2 19 0 3 0 0 Tooth and Co 2 16 6 2 17 9 MISCELLANEOUS. Anthonv Hordern ... — 10 8 Aust. Glass — 4 12 6 British Tobacco .... — 2 11 6 Ditto, pref *1 10 6 —— Broken Hill Pty 4 3 9 4 4 0 Consol. Brick & Pipe — 0 9 0 Denhard, ord. 0 7 0 —— Ditto, pref 10 0 —— Dental & Medical Sup. — 0 12 9 Dominion Fertiliser .. — 1 4 3 Electrolytic Zinc, ord. — 3 0 3 Ditto, pref — 3 0 6 Farmers’ Trading ... 12 0 —— General Industries .. 1 o 2 1 0 6 G. J. Coles f5 6 0 5 7 0 Henry Jones Co-op. ,. — 2 7 3 Macc|uffs, pref. 12 9 —— Milburn Lime — 1 18 6 National Electric ... 0 13 0 —— N.Z. Farmers' Fertiliser 10 6 — Procera Bread, ord. .. — 18 0 Sharland & Co’., ord. 0 18 6 — Ditto, pref 0 19 0 — Taranaki Oil 0 3 2 0 3 9 Wilsons (N.Z.) Cement 1 12 6 1 14 6 Woolworths (N.Z.), ord. — 8 3 0 Ditto, pref 1 15 6 —- Ditto, Ltd., 2nd pref. 17 3 Macky Logan 1 0 0 — K.D.V. Boxes, contrib. — 0 5 9 MINING, i Argo — Maori Gully — 0 2 1 0 0 6 Martha — too Barry town — 1 16 0 Australian Mining. Broken Kill South .. 2 11 6 Mount Lyell — 2 7 6 Mount Morgan — 0 16 11 •Cum dividend. (Ex dividend. 1

Buyers. £ s. d. Sellers. £ s. d. Woolworths Ltd. ... f7 5 0 7 11 0 John Fuller & Sons, ■ (15 10 0 Selfridges (A/nsia.), —- 1 7 fl Kotarv Knit Weave . — 2 5 0 Woolworths Ltd., rights — r> o <j Smith Wylie — 0 12 6 fEx dividend.