STOCKS AND SHARES

Dominion, Volume 31, Issue 143, 14 March 1938, Page 12

STOCKS AND SHARES

Weakness In Markets

LAST WEEK’S TRADING Mainly due to adverse overseas influences, confidence is badly lacking in the New Zealand stock and share markets. There was a fairly good turnover last week, but the general tone of the markets was weak and hesitant. Prices showed no improvement and recessions were recorded in some cases. The state of the markets to-day Is in marked contrast to that of a year ago, when business was brisk and investors were operating with cheerful confidence. It is now just about twelve months since the markets reached their peak. The following table is of interest as showing.the wide difference between to-day’s prices and those of a year ago for banks and

The market for gilt-edgeds last week was not active, but there was a fairly good business in Government loans and local body debentures at firm rates. More interest was shown in banks, but prices were mostly on the easy side. New Zealands, whose year ends on March 31, were generally steady, business being done at from 42/11 to 43/3. National of New Zealand showed little change, most sales being at 54/-. Commercial of Australia sold at from, 16/8 to 16/6. Commercial of Sydney firmed from £2O/10/to £2O/19/6. Other sales were: Australasias, at £lO/5/6, Unions at £B/18/6, New South Wales at £33/7/-, U.S. and A. at £5/6/3 to £5/6/9, National of Australasia £lO paid at £l4/12/9, and £5 paid at £7/3/-, and Queensland National at £5/5/-. Insurance shares showed little change on a small turnover. ' Pastorals were quiet, except Goldsbrough Morts, which moved up from 30/5 to 30/10. New Zealand Guarantee Corporation sold at 4/7 to 4/6. New Zealand industrials were generally dull. Dominion Breweries touched 38/6, and New Zealand Breweries improved to 46/-. Auckland Gas were done at 20/3, Christchurch Gas at 28/4 to 28/3, and Wellington Gas at 37/-. Australian metals issues conformed to the London base metals market, price changes being small. Mount Lyells weakened from 30/6 to 29/5. Other Australian” industrials were quiet. Chain and other retail stores were generally easier. G. J. Coles fell from 84/to 81/6. The Woolworths issues were slightly lower, Sydneys easing from 27/to 26/8, New Zealands from 23/4 to 22/-, South Africas from 16/4 to 16/- and 16/1, and MJfigt Anstralias selling at 95/-. McKenzies were done at 70/- to 70/6, and Selfridges (Aust.) .at 28/3 to 28/-. David Jones, Sydney, sold at 43/6 to 43/9. Anthony, Horderns at 18/6, and D.LC. ordinaries at 14/-. Dealings recorded on the Wellington Stock Exchange on Saturday were as

WELLINGTON EXCHANGE Saturday’s Quotations The latest buying and selling quotations recorded ort Saturday on the Wellington Stm-k Exchange were as follows:—

Unofficial List

other leading issues: — March 1938. .... £ March, 1937. s. d. £ s. d. Australasia .... 13 2 6 10 5 6 Com. of Aust. ... 0 19' 4 0 16 6 Com. of Sydney .. 21 It) 0 20 19 6 E.S. and A 6 8 6 t) 6 National of N.Z. . 3 1 6 2 14 0 Nat. A/asia. £10 Ditto, £5 15 7 14 15 0 9 14 12 7 3 9 0 New Zealand .... 2 3 0 2 3 1 Union -■ 11 1 0 8 18 6 Dalgety and Co. . 10 12 6 8 12 6 Goldsbrough Mort 1 17 9 1 16 9 N.Z. Guarantee .. 0 5 4 0 4 6 Auck. Gas 1 2 Q 1 0 3 Westport Coal ... 1 4 0 1 3 0 N.Z. Breweries . - 2 19 6 2 6 0 Tooth and Co. .. 2 17 0 2 16 3 British Tobacco .. 2 12 3 2 9 0 Broken Hill Pty. 4 8 6 3 1 6 Electro. Zinc, ord. 3 3 6 2 5 4 Ditto, pref 3 3 0 2 9 0 G. J. Coles 0 11 3 4 1 6 N.Z. Drug 3 16 9 3 8 6

follows: — No. of shares. £ s. d. 155—Burns, Philp, new issue •1 15 6 100—Woolworths Ltd., ord. . ♦1 fi 10 300 —N.Z. Breweries 2 5 9 100—(J .T Coles .24 2 a ‘Bate sale Briday.

N.Z. GOVT. IOANS. Buyers. £ s. d. Sellers. £ s. d. 3/1939-43 101 10 0 102 0 0 Ditto; 9/1939-43 .... 101 15 0 —— Ditto. 3/1941-43 .... 101 15 0 —— Ditto, .9/1941-43 .... 101 15 0 — Ditto. 11/1938-52 ... 103 0 0 — Ditto, 5/1939-52 .... 103 0 0 — Ditto, 11/1941-52 . y . 103 0 0 — Ditto. 5/1941-52 .... 103 0 0 — 6 4 p.e. ditto. 2/1943-46 —— 102 12 Ditto. ' 6/1952-55 .... 104 2 6 104 5 0 4 p.e. Bonds, 6/1952-55 104 0 0 — 5 p.e. Wlural Bonds, 15/9/1947 103 5 0. — BANKS. Australasia C10 4 0 10 6 6 Comrcl. of Aust., -ord. — 0 16 6 Comrcl. Banking Co., Sydney 20 12 6 —— Eng.. Scot, and Aust. — (J 7 0 New South Wales ... —— 32 10 0 Ditto, Sydney reg. . — 32 o 0 New Zealand 2 3 0 2 3 6 Ditto, D. long term —. 1 9 9 FINANCIAL Dalgety and Co. ..... —■ 8 13 0 Equitable Bdg. Co. ... 0 11 3 —• Goldsbrough, Mort .. 1 10 7 2 —— National, Mortgage, A. — 5 0 N.Z. Guarantee Corp. 0 4 u 0 4 8 N.Z. Invest., Mort, and Deposit 0 8 0 — N.Z. Loan and Merc., ord. stock 27 0 0 —— N.Z. and Elver Plate . — 0 18 0 Wgtn. Invest., T. & A. 0 8 9 •— Wgtn. Trust, Doan .. 5 0 0 5 12 6 GAS Auckland 1 0 0 1 0 6 Christchurch —- 1 8 6 Felldlng. 0 3 0 — Gisborne 0 4 9 — Napier, contrib. ..... __ 4 17 6 Wellington, ord 1 16 9 — INSURANCE. New Zealand —■ 3 0 9 Queensland — 2 16 0 Standard — 3 1 0 MEAT PRESERVING. Canterbury —- 10 10 0 Gear Meat — ■ 0 16 9 Southland —— 1 8 6 Wellington Meat Exp. 0 8 0 — TRANSPORT. Iluddart, Parker, ord. C2 8 0 —— Ditto, pref cl 8 9 —— Guion Steam, pref. .. —— 1 7 3 Kelburne Tram., ord. 1 1 0 — WOOIdLEN Bonds Hosiery Mills — cl 0 9 Kaiapoi, pref —— 0 17 0 Prestige N.Z., pref. .. —— 1 3 0 Wellington, ord —— 5 8 0 Ditto, pref 10 6 — COAD. I’ukemlro 0 17 9 —- Westport 1 9 — TIMBER. Kauri —— 1 1 9 Rotoiti — 0 4 0 Ditto, pref — 0 18 3 Taringamutu — 0 Jb 1 Taupo Totara, pref. . — 0 18 6 ■Ditto, 16/- pd. pref. — 0 14 6 BREWERIES. Dominion — 1 18 9 N.Z. Breweries 2 5 6 — Tooth and Co —• 2 16 9 Tui — 2 12 0 MISOEEEANEOUS Aust. Glass —— 4 13 3 British Tobacco, Aust. c2 8 7 —— Broken Hill Pty — 3 1 {j Ditto, contrib 1 14 0 Burns, Philp and Co. 16 3 Claude Neon Lights (N.Z.) 1 5 3 • —- Claude Neon (Sydney) — •> 11 0 Colonial Sugar 46 10 0 Consol. Brick &' Pipe 0 8 0 Denhard, pref 1 0 9 — Dominion Fertiliser .. 1 3 5 —

D.I.C., pref 1 3 9 Dunlop Perdriau ct 2 11 1 3 3 Electrolytic' Zinc, ord. —. c2 (j 0 Ditto, pref c2 9 o Farmers’ Trading ... n io 9 G. J. Coles ■ 4 3 Henry Jones Co-op. . — 10 Hume I’ipe 1 o McKenzies 3 10 0 11 6 Moturoa Oil o 4 o National Electric ■ 0 15 N.Z. Newspapers — 1 18 9 Shillings Ltd 0 19 0 Taranaki Oil ■ ■ o 0 7 Wilsons (N.Z.) Cement — 0 18 .3 Woolworths Ltd., ord. cl G 9 1 6 10 Ditto, first pref. ... 2 1 0 — Woolw’orths N.Z., ord. I 1 G 1 6 MINING. Big River () 3 Australian Mining. Mount Lyell 1 9 l> 1 9 9 Mount Morgan 0 9 8 0 10 0 Ditto, pref., 4/- paid 0 5 4 0 5 f) OVERSEAS LISTINGS Woolworlhs Holdings 0 1G 1 0 1G 4 c Cum dividend.

Buyers £ s. d. Sellers. £ 8 cl. Dominion Farmers’ Institute — 4 r_’ 6 Frozen Products Ltd. — 0 10 0 Metiers (N.Z.) L*.d. — 0 11 0 N.Z. Fisheries Ltd. ... 0 12 3 —— Selfridges (A/asia.) .. — 1 8 0 Paparoa Coal — 0 8 6 li'uir. HtQdJng Co- of N.Z. — 0 15 0