STOCKS AND SHARES

Evening Post, Volume CIX, Issue 50, 28 February 1930, Page 12

STOCKS AND SHARES

A MODEEATE TUENOVEE

PRICES OF THE WEEK

; "Evening Post," 2Stli February. j ■'. Busiress on the stock exchanges ciiiring r the week has been fair to moderate, with v'some inquiry for Government and local ;body loans at prices about :the same as *Ihose ruling last week. There were inquiries for 5% p.e. Govt. Stock, 1933, at t 'v£97 los; holders of 0%. p.c. issue (1936,1 were willing to accept £99 7s 6d. It is that buyers, of Government loans :<ire prepared to do business at their own ] ;:prices for all Government issues. Sales j.-vvere as follow: 4% p.c. Bonds (1939), £98 "U7s 6d; 4M p.c Stock (1938), £9S 17s t'd; "o% p.c. Stock (19.37), £05 17s lid;, 5% p.c. "■'Stock (1933), £'JQ. '■ Local body debentures wanted included. ■"■4% p.c. Wellington Harbour Board (1946), -•at £83 7s 6d; 6 p.c. Auckland Harbour ■Boards at £ 101,' sellers £103 10s.' Sales ; effected..during, the week were: s\k p.c. ■New Plymouth Borough, at £97 10s; 5% ;.p.c. City of Auckland (1940), £96; 6 p.c. ;Waitemata County Council (1962), £102. : Company debentures were- slow. For "the 8 p.c. issue of Wellington facing Club •/bids of ;'£lo6 10s were ignored. Golden Bay Cement A debentures were wanted at '14s lid, sellers ,17s. There were sellers •of Vk p.c. Gisborne Sheepfarmers at £94, Williamson's films at £102. '.• BANKS, INSURANCE, FINANCE. Bank shares continue to hold their own, ,'and business in them has been active .'throughout the week. Adelaides were in '"demand at £7 10s, sellers £7 14s. The . sale 3 notified have been as follow: New, IZealand, 5Ss, 57s 3d, 57s lOd, 57s 6d, 57s 4d, 57s sd, 57s 6d, 57s 4%d, and D shares, 26s 3d; National of New Zealand, £6, £6 Is, £6 Is 6d, £61s 3d; New South Wales, £40 10s; Commercial, 22s 9d, 22s 10% d, 22s 9d, 22s 6d, 22s 2d, 22s Od, 22s sd, 22s ' 4d, 225, 22s 3d; Union, £12 Is 6d, £12 2s, £12 Is (id, £12-3s,- National' Australasia (£10), £15 10s and (£5) £7 11s, £7 0s 6d; .E.S. and A., £6 13s"6d; Australian Bank of Commerce, 255; Australasia, £12 Is 6d; Couimercial of Sydney, £21 12s 6d, .£2l 15s, £21 12s 6d.' . - In the1 insurance market business was generally quiet. Queenslands quoted at 52s 6d, had no buyers. Sales were as follow:- New Zealand Insurance, 435. 9d, 43s 6d,.43s 9d; South British, 61s, 60s 9d; National Insurance,' 14s 6d. •: Stock and station and financial companies shares were inquired for at re'cluced prices. Holders of National Mortgage were prepared to accept 78s, buyers ■rex. div. biddiug 62s 6d. Wellington Trust and Loan holders quoted £7 3s; no declar,ed buyers. Sales were as follow: — " Dalgety and Co., £11 18s. £11 17s; Loan 'and Mercantile (orcl.), £100; Goldsbrough, 'Mort, 32s 3d, 325, 32s 7d, 32s 2d, 32s 3d, Sis 9d; United Building, 15s 2d; New •■Zealand Guarantee Corporation (8s), 8s; Investment T. and A., lls. COAL, GAS, AND SHIPPING. ■■■ Coal shares were slack with sellers of 'Waipas 13s/9d to 14s, and Hikurangisi 2s ' 3d. Renowns had buyers at 14s 9d, sellers '36s 3d. Taupiris were offered at 28s without attracting bids. . Westport•■Stockton sellers quoted 2s 4d: Sales .were:. -Westport, 30s Sd; ■ Grey Valley, 26s 9d; 1 Pukemiro.,. 69s 6d. . ' i ■ ' Gas shares were "dull, but Wellington ' ordinaries were in demand at 29s 7d; and Chriatchurch ,at ,25s 6d,' sellers 2as lid. . Sales notified -were Auckland, 2os 4d, 23s sd; Birkenhead, 12s 6d. • i-Shipping-shares-were very quiet, but there were buyers of P. and O. at 48s 6d, sellers 545; Union Steam preference were in demand at £1, no disclosed sellers. Huddart-Parkers, ordinary (cum. div.) had sellers at 395. Howard Smith s were offered at 19s Od, attracting no bids. -Srorthern-.:Steanr-seliers-w'ere- 14s 6d, or- la above buyers' ideas of. values. ■ MEAT, WOOL, TIMBER. Meat shares were very quiet at low prices. Gears had sellers at 395, buyers -35sf::;.Ga)i1;^bury.-frozen Meat sellers quot->-:e'd'/"£6'153 lor ordinary, and £•! 10s for with no business reported. '~' There were sales of New Zealand Kefri- ;; gerating.'lOs paid, at 5s 9d, 5s lOd, 5s lid, ;i Ss 10d:.- .',-'-•'•■' i ■ ' ''■':> Woollen shares were not wanted, Wel- ' Jington ordinaries being quoted by sellers ■at £6, but buyers'of'the preference shares 'in this, company quoted £5-18s, with no ■ response from holders. Kaiapoi 7s paid • couH have been bought for 3s 3d. ' ■■- Timber shares elicited some inquiry and ' the following business was put on record: i Kauri, 15s; Bartholomew, 21s ,9d; Ley-"Uand-O'Brien, 28s; Nationals were wanted :-$t Bs. •'? BREWERIES AND. OTHERS. '-'■Brewery shares hold their own and business'done was as follows:-N.Z. Breweries, . ;'B3s' S2s 6d, 825,9d, ; 825; Staples, 485,.48s 3d; -Tooths, 395:/6d,'39a ; :9d,-39s 7%d; Timaru, 15s '.3d; Tooheya,:;2ss6d.. Sales.in-themisce-'laneous section were fairly.-active, tne.im r ■-'-lowing transactions being .reported:—British Tobacco, 42s 3d, 42s sd; Beath-ancl Co. -(Is), 7s; Booth, Macdonald (pref.), 4s 6d, ?4 7d, 4s Gd; Colonial Sugar, £44, £43 17b •fid £44; Dominion Pictures (Auckland), ••■'2i.Js: Electrolytic Zinc (ord., cum. div.), >:30s, 29s 9d, 29s 6d, (pref. cum. div), 29s ;; '7d 2Ss3d; Farmers' Fertiliser, 21s, 20s lOd, '.20s Sir National Electric/ 10s 6d; N.Z. ' Drug 725; N.Z. Milk Products, bonds, 22s •■3d- New Colosseum (Christchurch), 40s; '■'Shariand (ord,), 20s, (pref.) 20s 3d;, Vic•tbria Nyanza Sugar (cum, div.), 41s 6d, ■Wilson's Cement, 3Ss 9d, 38s 6d, 38s 9d; ." Whitqopbe and Tombs, 71s Gd. ;f MINING. ■i' Moderate business passed in the. mining • Markets as follows:—Waihi, 13s Gd; Mount ' Lycll, 33s 9d, 33s Bd, 33s 9d, 33s 7d, 33s 6d, ~.33s 2d; Big Beach, ss;- Alburma, 1 9d, sd; -:Moanataieri, 2s 2d; Mahakipawa/lyzd. ■ :?■ MARCH DIVIDENDS. ■■..'-Interest and dividends usually receivable '•in Wellington during March are as follow: '•'s%■ p.c. and 5 p.c. Government Stock : {1941), Bank of Australasia, South British ■ Insurance, National ' Mortgage, Howard ■Smith,' Adelaide Steam Ship, Huddart rParler, Pukemiro Coal, New Zealand 'Guarantee Corporation, Toohey Brewery, ' Carlton Brewery, British Tobacco (quar- " "terly), Electrolytic Zinc, Holden'a Motors, ■ Greater J. D. Williams, Ltd., Harrington's, ■ Ltd., Milburn Cement, Morris Hedstrom ■^(quarterly), Whitcombe and Tombs.