STOCKS AND SHARES

Dominion, Volume 32, Issue 93, 13 January 1939, Page 12

STOCKS AND SHARES

Wellington Market Quiet

N.Z. ISSUES WEAK

Little change was seen yesterday in the Wellington stock and share market, which remained dull and uninteresting. Business was quiet and the turnover unimpressive, most New Zealand issues traded showing definite weakness, while Australian issues continued to command good premiums on Melbourne and Sydney prices. . Government loans- were elack, with an easier tendency. Banka were quiet and National of New Zealand weakened to business at 48/C. Buyers stayed in at 47/6, sellers asking 50/-. Little interest was shown in New Zealand industrials, which were generally weak. Good bide were in for leading Australians, but sellers held for higher rates.

Sales recorded on the Wellington Stock Exchange yesterday were as follows:—

WELLINGTON EXCHANGE

Yesterday’s Quotations The latest buying and selling quotations recorded yesterday on the Wellington Stock Exchange were as follows:—

AUSTRALIAN PRODUCE MARKETS Shortage Of Onions By Telegraph.—Press Aeeu.—Copyright. (Received January 12. 9.35 p.m.) SYDNEY, January 12. The Sydney wheat market is quiet. Silo grain is quoted at 2/5'J a bushel, and bagged at 2/6J. Flour, £l2/10/- a ton; bran and pollard, £5; potatoes, Tasmanian. £l7; Western Australian, £l7/10/-. Onions, Victorian, brown, £32 a ton ; South Australian, white, £32 a ton; New Zealand onions are expected to arrive during the coming week. Traders regard them a« very welcome owing to the acute shortage of Australian onions due to the dry weather. Maize, yellow, 5/3 a bushel. Hemp And Tow Gradings Gradings of hemp and tow last month show decreases compared with those for December, 1937, the figures being as fol-

Gradings of hemp last month were: — Good fair, 48 bales; high fair, 112 bales; low fair, 83 bales; common, 152 bales; reject., 589 bales; condemned, 25 bales.

No. of shares. £ ss. d. 400—Woolworths Ltd., ord. ♦12 0 100—Electrolytic Zine, pref. *2 11 0 100—Wilsons Cement *0 15 9 £3150— Inscr. Stock, 31 p.c., 1039-52 97 0 0 100—National Bank of N.Z. .. 2 8 C> 250—Bank of New Zealand (2) 2 0 0 60—Ditto, odd lot 2 0 0 26—Wellington Woollen, ord., odd lot 4 10 0 800—Gear Meat 0 12 0 171—Levland-O'Brien Timber 0 14 9 200—Electrolytic Zinc, pref. 2 11 (1 250—Howard Smith' 1 0 0 150—G. J. Coles .. 4 2 0 150—Wilsons Cement 0 15 9 ♦Late sale Wednesday.

N.Z. GOVT. LOANS. Buyers. £ s. d. Sellers. £ s. d. 3 p.c. Inscr. Stock, 15/7/1939-41 .... 94 15 0 — 3J p.c. ditto, 15/5/193952 97 o 0 4 p.c. ditto, 15/2/194346 98 2 6 99 5 0 Ditto, 15/4/1946-49 .. 97 10 0 98 0 1 Ditto, 15/5/1949-52 9C lb 0 — Ditto, 15/6/1952-55 . — 97 5 0 OTHER DEBENTURES. Gisborne Sheep Farmers, 6J p.c., 31/8/41 101 15 0 — BANKS. Australasia 10 0 0 Comrcl. of Aust., ord. —— cU 16 4 Eng., Scot, and Aust. — u 9 6 National of N.Z 2 7 6 10 0 New Zealand 1 19 9 0 0 Ditto, D. long term 1 5 0 — Union of Aust. — c8 14 0 FINANCIAL. Newton King, pref. . —— 0 8 6 N.Z. Loan and Merc., ord. stock, London reg. ;....... . . . General Finance , — 35 0 0 — 0 18 6 Metropolitan Big., Weilington ......... — 12 0 0 GAS. Auckland — 1 0 0 Ditto, contrib. .... 0 12 6 — Wellington, ord. . . .. 1 9 6 — INSURANCE. National of N.Z. ... 0 15 0 — New Zealand c2 10 9 2 11 6 South British — 2 2 3 MEAT PRESERVING 0 Gear Meat —• 0 13 N.Z. Refrigerating .. — 0 17 3 Ditto, 10/- paid ... Wellington Meat Exp. 0 — 0 8 0 8 0 — TRANSPORT. Kelburue Train., ord. — 1 3 0 WOOLLEN Bond's Hosiery Mills 0 15 0 — Tirnaru — 0 13 0 Wellington, ord. . . . — 4 13 0 COAL. Westport ■- Stockton. pref — 0 1 TIMBER. Kauri 1 3 0 — Leyland-O'Brien .... — 0 16 0 Rotolti Ditto, pref — 0 0 3 16 4 6 Taupo Totara, ord. ..■ ■ 0 4 9 BREWERIES. N.Z. Breweries 1 18 0 *-*- Tooheys 1 11 0 Tul ' — 2 7 6 .MISCELLANEOUS. 6 Anthony Hordern .. — 0 16 Aust. Glass 5 12 0 o 16 0 British Tobacco .... 2 9 6 —• o' Broken Hill Pty - 18 0 3 0 Burns, Philp and Co. 2 13 0 —— Claude Neo’n Lights (N.Z.) — 1 1 6 Colonial Sugar 47 0 0 — Electrolytic Zinc, ord. c2 8 0 Ditto, pref c2 11 0 —— Farmers’ Trading . . —— 0 19 6 Felt and Textiles 1 11 8 —. General Industries .. — 0 19 9 G. J. Coles —— 3 4 2 6 Howard Smith, ord. * 0 19 1 0 0 McKenzie's — 10 6 National Electric . . —- 0 15 0 N.Z. Drug 3 6 0 — 6 United Provisions .. i Wilsons (N.Z.) Cement —— 0 16 •0 ■Woolworths Ltd., ord. 1 1 9 1 3 Wool worths (N.Z.), ord. — 0 19 tj David Jones 1 15 6 — Berlei (N.Z.) Ltd. . . 3 9 0 MINING. Big River — 0 1 1 Martha 0 11 0 Waihi Investments .... 0 8 0 — Australian Mining Mount Lyell 1' 7 9 •— Mount Morgan —— ■ 0 11 3 c Cum dividend. Unofficial List — Buyers. Sellers. 2L> 8. £ 8. d. Woolworths Properties el it 6 — Frozen Products Ltd. — 0 12 0 N.Z. Perpetual Forests 1 13 0 — Selfridges (A/asia.) . —- 0 11 0 Woolworths (W.A.) .. —— ■ 4 8 u Silknit Ltd —- V IS 0 W. E. Woods Ltd. .. — V 13 0 Ray Neon, pref. . .. Ditto, ord —— 0 16 G 0 n 0 C. and A. Odlin, ord. ■ ■■ 1 0 0 Paris Crown Seal ... —— 0 13 0 c Cum dividend.

lows:— Dee. Dec. 1937 1938 Dec., Bales Bales Bales Hemp .. , , . 3481 1009 2472 Tow ,. 444 197 247