STOCKS AND SHARES
Active Trading Last Week ■ AN IMPROVED TONE Trading last week was much brisker, investors operating with more confidence. The turnover on all Stock Exchanges was substantial, Wellington accounting lor some 22,000 shares and £lO,OOO worth of Government stocks, the total value running to about £52,000. A feature of last week's markets was a good recovery in Broken Hill Proprietary, Electrolytic Zincs and Mount Lyells, with some activity in Broken Hill Souths at improving rates. Broken Hill Proprietary moved up from a low level, of 70/6 to dealings at S4/9, a gain or 5/3. The contributing shares advanced from 72/- to 7S/11. a gain of nearly 7/-. Electrolytic Zinc ordinaries firmed on active trading from 56/3 to 59/-. and the preference from 57/- to 60/-. Mount Lyells, influenced by the improved price of copper and the higher interim dividend advanced from 44/6 to 45./6. a gain of -J/-. Broken Hill Souths made a strong advance on sales from 46/- to 52/-. North Broken Hills were done at 76/- to 76/6. Government loans were _ firmer on a strong demand, but supplies were well held and business was not very active. A moderate turnover was done in local body debentures at steady rates. There was a good business in bank shares, but prices were barely steady. Insurance issues met a dull market, and trading was restricted. Pastoral companies’ shares were generally firm. Dalgety’s sold up to £ll/2/6, _ and Goldsbro'ugh Morts firmed to 38/6. .New Zealand industrials were sluggish, and inclined to be weak, with few exceptions. Leading Australians, on the other hand, showed some recovery from the recent setback, notably Australian Glass, ■which advanced from 88/6 to 93/6, a gain of 5/-. Colonial Sugars, whose half- ' yearly accounts are dne on May 26, were very firm, business being done at from £45/2/6 to £46. . , , Breweries were more active, but rather irregular. Swan 5/- shares sold at 32/6 and'3l/10. Carltons were done at 63/41. Dominions at 43/- and 42/6, Dunedins at 28/-, and Tooths 57/6 to 56/10. New Zealands touched 60/-, but business was done down to 59/5. Chain and other department store issues were generally firm, a feature of this section being a strong advance in G. J. Coles, which moved up from £5/4/3 to £5 10/-. Anthony Horderns firmed to 20/6. Woolworths (N.Z.) went as high as £8 1/6. and the Sydney issue advanced from £7/4/- to £7/14/-, up to £5/3/- being paid for the “rights.” Shillings. Ltd., firmed to 18/7. Gold mining issues were dull. The following Sales were recorded on the Wellington Stock Exchange on Satur-
WELLINGTON EXCHANGE Saturday’s Quotations The latest buying and selling recorded on Saturday on the Wellington Stock Exchange were as follows:—
day: — No. of d. 110 Abraham and Williams, £ s. ord *3 0 0 200 Burns, Philp .' 12 100 Ditto *3 12 9 100 Wilson’s Cement .... 50 Woolworths (N.Z.), *1 6 Ltd *8 0 0 100 Felt and Textiles .... *1 14 10?! 4 Colonial Sugar, odd lot 46 0 0 200 Shillings, Ltd *Late sale* Friday. 0 18 6
N.Z. GOVT. LOANS. Buyers. £ s. d. Sellers. £ 8. d. 31 p.c. Inscr. Stock, 3/1939-43 JO! 0 0 — Ditto, 9/1939-43 .... 101 0 0 — Ditto, 3/1941-43 .... 101 0 0 — Ditto, 9/1941-43 .... 101 0 0 103 Ditto, 11/1938-52 ... 102 0 0 0 0 Ditto, 5/1939-52 .... 102 0 0 - - Ditto, 11/1941-52 ... 102 0 0 — Ditto, 5/1941-52 .... 102 0 0 101 4 p.c. ditto, 3/1940-43 — 7 6 Ditto, 2/1943-46 .... — 103 5 0 Ditto, 6/1952-55 .... 104 5 0 — 4 p.c Bonds, 6/1952-o5 104 o 0 — 9 p.c. Rural Bonds, 15/9/1947 101 17 6 — LOCAL BODIES’ DEBENTURES. Makerua Dge., 4| p.c., 1/8/45 — 101 0 0 Ditto. 1/8/53 —— 101 0 0 Wgtn. City, 4| P.O., ■ 1/2/57 104 10 0 — Ditto, 1/2/52 104 0 0 —- Newmarket,- 4£ p.c., 1/6/52 104 0 0 105 5 0 OTHER DEBENTURES 100 Amalg. Brick (Wgtn.) —- 10 0 N.Z. Farmers’ Co-op., 44 p.C M 1945 — 93 0 0 Grand Central Bldgs. — 60 0 0 BANKS. Australasia 12 7 6 12 14 0 New South Wales ... *37 10 0 —— 3 New Zealand 3 9 4 Union of Aust — 11 7 0 FINANCIAL. Abraham and Williams, ord 2 17 6 —— Ditto, pref — 4 18 0 Equitable Bdg. .... 0 Farmers’ Co-op. Auct. 4 10 €> — 0 0 —— Goldsbrough, Mort .. 1 18 3 1 19 3 N.Z. Guarantee Corp. —— 0 4 11 N.Z. Invest., Mort, and Deposit 0 9 9 0 10 4 N.Z. and River Plate 0 10 o —— Wright, Stephenson, ord 1 Ditto, pref. ....... 1 0 6 — GAS. •hristchurcb — 1 8 0 Gisborne —- 0 10 0 Wellington, ord — 1 17 0 Feildihg 0 1 9 — INSURANCE. National of N.Z — 0 17 11 New Zealand 3 1 0 —— Queensland — 3 0 3 MEAT PRESERVIN’ G. 17 Gear Meat —— 0 0 N.Z. Refrig., 10/- paid — 0 9 1 TRANSPORT. Huddart, Parker, ord. 1 19 6 — Ditto, pref 1 f > — P. and O. defd. stock 2 0 6 — WOOLLEN Kaiapoi — 0 18 9 Manawatu — no Mosglel —— 10 O Oamaru — i 0 6 Wellington, ord —— 5 18 6 Ditto, pref 5 16 0 — COAL. Pukemiro 9 1 0 6 Westport 1 3 — Westport-Stockton .. 0 6 — 6 Ditto, pref —— 0 Cascade-Westport — 1 0 Renown — 0 i0 TIMBER, Leyland-O’Brien .... — 1 6 Taringamutu 0 1a 1 0 15 6 Taupo Totara, ord. .. — 0 9 Ditto, pref — 1 0 0 Ditto, 16/- pd., pref. — 0 15 9 BREWERIES. Dominion — 0 N.Z. Breweries —— 19 u Staples and Co 1 15 0 1 16 Tooheys —— 1 13 6 miscellaneous. 14 Aust, Glass 4 13 0 4 6 British Tobacco 2 9 6 —— Broken Hill Pty *4 4 4 4 G Burns, Philp and Co. 3 12 0 a 12 ft Colonial Sugar — 46 0 0 Consol. Brick & Pipe 0 8 0 0 8 4 Denhard, pref 1 0 0 — Dunlop Perdriau —— 1 1 a Electrolytic Ziuc, ord. 2 18 0 — Ditto, pref 2 19 0 — General Industries .. I 0 y G. I. Coles 5 9 3 10 0 Howard Smith, ord. .. 1 — 9 Macduffs, pref 1 3 1 4 0 Milburn Lime 1 17 0 —— Sharland and Co., ord. 0 18 6 —— Ditto, pref 0 19 0 — Shillings Ltd 0 18 6 —- Taranaki Oil 0 u 0 0 o 4 Wilsons (N.Z.) Cement 1 11 0 1 13 ft Woolworths (N.Z.), ord. 7 18 0 8 3 0 Woolworths Ltd., 2nd pref 1 fj — Felt and Textiles .. 1 14 9 —— MINING. Argo *0 1 10 Martha 0 18 6 Mataki 0 0 Mossy Creek 0 1 1 Waimumu 0 1 0 j. • ’ Anstral-N.Z. Mining . j Australian Alining Mount Lyell 2 8 -J 8 3 Mount Morgan 0 Id 0 lo •Onm ctjyldend.
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Bibliographic details
Dominion, Volume 30, Issue 191, 10 May 1937, Page 12
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1,102STOCKS AND SHARES Dominion, Volume 30, Issue 191, 10 May 1937, Page 12
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