STOCKS AND SHARES

Evening Post, Volume CVI, Issue 46, 31 August 1928, Page 12

STOCKS AND SHARES

i; A QUIET WEEK SLACKENING OFF IN DEMAND "Evening Post," 31st August. StockbrolSrs' as a whole' throughout the' Dominion must- have had a quiet time during the week, going"by official records. All business done, however, does notneeessarily pass through.the Exchanges!1 There is still good inquiry for Government loans, but a slackening off in the demand'for bank shares.. Prices of all first-grade investments, however, keep very high. There ought to be m,orc ''spring" in the market, and it is not easy to assign any one cause for. the prevailing dullness. Transfers of Government loans during the week? were as f0110w:—4.% per cent, stocks bonds (1933). af £99 ss ' and '3?4 per Went: stock (1933) at £101 '2s (i 1 to £101 us,'with buyers of- the 5V4 per cent, loans maturing 1936 at £101 2s Cd. Buyers aru offering. £99 for the 5% per cent, sto^k ' (1941), -no aellerSv ..•'■■■■ No local body debentures appear' to have changed hands during the wovk, but There were buyers of 5Vt per i-cni. Wellington Harbour Boards (1940) at £9S 10s, sellers quoting £101 ]0.~. iiVS per cent. Auckland Harbour Hoards were wanted at £100, with no sellers, and fov the 6 per cents. £102 was offered, holders standing out for £105 10s, 5Vi and 5Vi per cent. Auckland Cities were wanted at £96 and £100 respectively, but holders did not quote. Christchurch City 4>» per cent. 193-1 had buyers at £101. •'-In'-the"company debenture market there were buyers of 5 per cent. Auckland Gas (1932) with £93, but holders were silent. Wellington Gas were wanted at £100, no sellers. Glaxos were in 'demand at £90, sellers quoting £91 10s. .Quotations of j £89 for the 6% percent, debentures of the N.Z. Farmers"'Co-op.- were made by buyers, the holders wanting £01, and for the G per cents, of this company £S6 was offered, but' sellers held out for £90. Business recorded during the week .was confined to 10. per cent. New Zealand Breweries bonds at 24s 2d and 24s 3d. BANKS AND INSURANCE. The turnover in the bank share mai'W was small Buyer of Adelaides offered £9 ]:>.' and sellers were prepared to meet the demand 'at £9 16s 6d. Sellers of Australasias) were prepared to accept £lo Is. Bank of New .-Zealand's closed firm at buyers 61s 3d, sellers 625. Sales recorded during the week were as-follow:— Bank of New Zealand, 61s Gd, 61s 3d, 61s 6d, and D Shares 28s; National of New Zealand, £7 3s 6d; .Uiuon^ito. 15|, .ilo as; New. South Wales, £50 12s 6d, £50 *; 6d- V " P " and A., £8 12s Cd, ;t8 13s Cd; Commercial-, of Australia 30s 9d 30s ]od, 30s 9d, 00.-; Sd; National of Australasia changing.hand^were New Zealand 445, South British 63s M to 63s S'Nationals 16s 6d to 16s 7d with mmmm Sales of these were as follow --^sety, £14 19s Gd, £15, £15 2s, £IJ, <-jo'« s itoughs 51s'«, Sis 6d 51s 3d, 5 s 4d ; ■ 51s Sd. in' that order. New Zealand and TJiv-pv Plate Lands sold-at ais o". . . buyers of Loan and Mercantile ordinary werefofferin a .£lo?, with ; no V«P°™M rom liolders For New Zealand Guarantee Corpomtiont. Ss paid : there, were, buyers at 8s od, sellers quoting 9s. Wellington Investment T. and A. were wanted at 10, Od no sellers; Deposit and Mortgage lmyers'offered-9s Gd, and Investment AioYteUe andi Deposits were wanted. at !) S 4d Holders of these three companies shares refrained from quoting. GAS, COAL, SHIPS. Gas and coal shares were very quiet Ashburton Gas were wanted at £5, butfilers'price was £5 12s Cd. Christchureh Ga "fully paid, had buyers at 24s fld, but sellers did not quote lower than- 2os. Demands for Wellington Ordinary are unsatisfied at 295. Gisbornc Gas...» alw wanted at 9s 6d, no sellers. Sales, recoidrd during the week.were Auckland (paid) 23s and contributing 17s; also Chnstchurch 10s paid.sold at 12s Gd.'..; ;- ■-. -.. , There was nothing exciting in the coal mines market.- • Sales were registered as follows :-Westport, 30s XSd, Taupin 27s Cd; Hikurangi 6s, and Westport-Stockton 3s Bd. Holders of Waipa will take 14s 6d, but buyers are unresponsive. In shipping shares there was some business in Huddart-Parker Ordinaries sales being as follows:-^9s 3d, 495, 49s 6d, 49s Cd 49s 3d - 495, in that order. Buyers ai c fcrence are in demand at 20s sci.. OTHER INVESTMENTS. Interest, revived in •Ka^Jf6o^' and sales recorded were as fo'ww-^s M, 3s 10d/4s Id, 3s lid, 3s 9d, 3s 9%d, 4s, foi preference at £6 Bs, no sellers. ' . Meat shares were well hold, and the 103-paid of the New Zealand Refrigerating Company, were sold at 9s 6d, 9s 4d, 9s 6d, nf % r 9I Gd 9s 3d, .with business recorded o e£l shares at 19s, 18s "^d *9s. For Gears. 40s 9d, 40s 6clwas offered, holders quoting 41s.1 " Wellington -Meat Exports were to be had for 12s Cd for ordinnry^and 225-Cd for preference, buyers not quoting. .Canterbury preference were quoted by holders at £5 2s 6d, no buyers Timber shares are.slow to move. Theie weer sales of Kauris at 20s and 20s.Gd. Buyers of Leyland, O'Briens offered j 32b 9d, sellers 365. Nationals were wanted at 7s 6d, sellers :11s. Bartholomews .had buyers at 15s Gd, holders standing out for attested some attention Carltons .were: wanted at 46s 6d, sellers nrice being 47s 7d. Sales during the week 38s, Wards 425, Tooths^s, Tooheys 31s 4d, N;Z. Breweries 47s Gd Miscellaneous shares sold during the week were: as follOw:-Auckland Amusements, ss;: British Tobaco, 43s 6d; Electrolytic Zinc, cum. div. (pref.), 3os; ordinary, 33s:i0d, 33s 3d. Hayward's Pictures, 20s; Holden's Motors, 32s Cd; Morris Hedstrom, 21s; Wilson's Cement, 38s 9d, °9s .There is very little to report in the mining market. Waihi sellers asked 13s 3d, no buyers. ' Mount Lyells wanted 34s no seUers. Sales recorded were as follow: Ohinemuri (ordinary), 7s 9d, 7s^lOd, and (pref.) Os 6d; Mahakipawa, 3s 4d, 3s 3d, 3s W, 3b 3d, 3s 2d, 3s, 2s lid, 2s Bd, 2s Id, 2s 3d, 2s 4d, 2s 3d, 2s 2d, 2s Id, 2s 3d. Taranaki Oil Fields sold at 9s 6d.