PRODUCE & MARKET REPORTS FROM DAY JO DAY,

Evening Post, Volume CIX, Issue 108, 9 May 1930, Page 12

PRODUCE & MARKET REPORTS FROM DAY JO DAY,

BANKS,. 'INSURANCE, FINANCE,

MEAT, WOOLLEN, AND TIMBER.

STOCKS. AND SHARES

MARKET EASIER

SALES OF THE WEEK

■' ■ - ■"Evening. Post/"' 9th May. j ' The,..^market for maiiy investments, including bank shares, has a decidedly easier trend this week, as the prices realised •will show, but there are slight improvements in the price for Bank of New Sonth Wales and Union Banks. Approxi-mate-returns to investors on realisations during the week of certain selected stocks and shares (including redemption in the case .of debentures) will be as follow: —

There were buyers yesterday for iVs per cent.. Bonds (1939 and 1935) at £98, and (1930) at £99 ss. No declared sellers. For 5% "per cent. (1941) there were bids at £96, "sellers £9G 15s. The business clone in Government Stocks during the week has been as follows:— Fout-and-a half per cent. Stock (1938) £97.17 a 6d; AVa per cent. Stock (1939), £9S 2b 6d; iYi per cent. Stock (1941), £98 2s 6d 3 £98; 5% per cent. Stock '(1932), £98 15s; 5% per cent. Stock (1936), £99 as. Business in local body loans was slack. There were inquiries for 5/4 per cent. Auckland Harbour Board at £96, and, for the 6, per cent, issue of this authority at £101; no quotations by sellers. Christthurch Trams, 5Vs per cent., were wanted at' £101 10s; sellers £102 10s. Sales were recorded of 5% per cent. Wellington Harbour Board (1940), at £98 ss. Company debentures were quiet, with fcuyers: of 10 per cent.' New ..Zealand Breweries; at 21s 3d. Golden Bays were in demand at 15s Od. There were sellers of Williamson Films "at £101 10s; no bids. Sales were reported of S per cent. Milne and Choycc 26s 3d; C'/i per cent. Auckland Gas (1935), £102.

Bank shares were well turned over, but, to., repeat,- •at generally lower prices on the week; •• l'he D shares of the Bank of. New Zealand had buyers at 25s Od. Sales of bank-shares wete as follow: —

Bank New Zealand (cum div.), 58s 3d; 58s, 57s lOd, 57s 9d,57s 6d, 57s 9d, 57s 6d," 57s 7d; National of New Zealand, £6 6s; Commercial of Australia 20s lid, 20s lOd, 20a 10% d; 2059d,-20s 4d, 20s, 20s Cd, 20s ■id, 20s 3d,19s Bd, 19s 9d, 20s (5s paid), 6s; Bank New South Wales, £38 15s, £38 13s 6d, £39 2s 6d; Union £11 10s, £11 7s 6d, £11 6s; Australasian £12 ss, £11 7s, £12 ss; National of Australasia (£5), £7 7s, £7 6s. fid; E.S. and A., £6 ss, £6 4s; Australian . Bank of Commerce, 23s 9d; Bank "of-Adelaide (cum div.), £6 11s, £6 lls 6d.; :X .'.''.'.'.:..\ - ; Insurance company shares were quiet, •with sellers of Standards at 60s, and of Queensland at.49s. There were buyers of the former at 50s. Sales were effected of: 2few Zealand Insurance, 445, 43s 6d; South British, 58s 9d, 59s 6d; National, 14s Bd.

Financial and-stock and station companies' shares were likewise quiet, and •with, a general tendency to be lower in price. Sellers of the ordinary shares of Loan and Mercantile Agency Co. quoted 3100 to £102, buyers offering £90. Abraham and Williams were to be bought for '£4 15s. New Zealand Guarantee Corporation 8s shares were wanted at 7s 7d, sellers Bs. Sales of the week were aa follow: Dalgety, £11 2s, £11 Is, £11 2s, £11 3s, £11 3s 6d, £11 4a, £11 3s 6di £11 2s 6d; Goldsbrough Mort,.3os lOd, 30s 6d, 30s 3d, 30s, 29s 9u; Wellington Trust and Loan, £7 2s 6d; National Mortgage, 59s 6d.,

COAL, GAS, SHIPPING. Coal mining shares attracted but little attention. Westports were wanted at 30s fid, sellers 325; Grey Valleys had bids up to 21s, ho declared sellers; Pukemiros were for sale at 70s, no buyers. There were sales of Taupiri, 25s 9d, and Renown (pref.), 3s. Gas company shares were dull, but there ■were Buyers of Wellington ordinary at 30a, sellers. 31s. The fully paid shares of the Christchureh Company were wanted at 26s 3d, sellers 27s 3d. Business done was as follows: Auckland, 23s 9d, 23s Bd, 23s 9d, 23s lOd, 23s 9d; Gisborne, 13s 6d; Christchureh (10s), 13s 2d.' ■Shipping companies' shares were quiet, with buyers :of Union Steam Ship (pref.) at 20s to 20s 3d; ; and holders of P. and O. deferreds were willing to accept 525. Sales were: Huddart Parker (ord.), 38s 6d; Devonport Ferry, 21s 6d; Northern Steamship, 14s 6d.

Meat shares were down. Sellers of Canterbury preference quoted 85s; no buyers. North Canterburys had 'sellers at 2s 9d. Therei were sales during the week us follow:^~Gear 38s, Wellington Meat Export 8s 6d, New Zealand Refrigerating los and (£1 shares) 10s 9d. Woollen companies' shares were neglected, Wellingtons being opened by sellers *t £6 for ordinary and £6 3a for preference. There were sales of Kaiapois (17s paid) at 10s 6d; Timber shares were likewise out' of favour, with sellers of Nationals at 8s 6d to 8s 9d, and of Leylands at 30s. Sales of j Kauris at 13s 6d were notified. Business in New Zealand Breweries and Staples and Co. was brisk during the week. Buyers of other brewery shares were scarce, and sellers' prices were quoted as follow.-^-Todheys 325, Fosters 655, White Star sellers quoted IDs. There were buyers of Crowns at 8s 9d; no sellers. Business during. the week was reported as follows:—'New Zealand Breweries, 51s 9d, 525, 51b 7d,~ 51s 9d, 51s 7d, 51s 3d, 51s 4d, 51b 3d;.-Staples, 48s 6d, 48s 4d, 48a 3d, 49b 9d, 48s, AU lid, 47s Od; Tooths, 32s Id, 335, 31s sd.

MISCELLANEOUS,

Dental and Medical, paying & per cent. dividend, had sellers at 14s. Wilson's Cement (cum div.) took a rise yesterday,) and; bad buyers at 40s 2d.tp 40s 6d. There was' k sharp drop in British Tobaccos. Other shares in the miscellaneous market weired mostly quoted 'by sellers, buyers be-j ing generally silent. Victorian Nyanza Sugars, however, were wanted at 38s 9d, with sellers at 39s 4d. Sales made during the week were as follows:—Amalgamated Wireless (con.) 21s; British Tobacco, 39s 3d, 38s 9d, 38s 3d, 37s 9d, 36s 9d, 36s 3d, 35s 9d, 35s 4d, 35s 7d; Burns-Philp, 35s 3d; Beath and Co., 275; Colonial Sugar (ex div.), £40 10s, £41, £40 ss; D.I.C. (pref.), 20a 3d; Dunlop Perdrian Rubber, 16s 6d; Farmers' Trading, 8s 2d; Farmers' Trading (B pref.), 12s 3d; Farmers' Fertilisers, i?s Bd, 18s 6d; Farmers' Co-op. (B pref.), *7s; Henry Jones Co-op. 28a 2d; New Zealand Paper Mills, 20s 3d; North Auckland Fanners' Co-op. 2s. 3d; Wilson's Cement, 39s 3d, 39s 9d.

MINING.

Mining shares had a fair inquiry, and $ moderate turnover, yith a reduction in

prices realised for Mount Lyells. Sales were as follow:—Wailii 13s 9d, 13s lOd, 14s, 14s 2d, 14s 3d, 14s 4cl; Moanataiari (paid), Is 6d; Mount Lyell, 27s Id, 27s 3d. 27s Id, 275, 26s sd, 26s lOd, 26s 3d, 26s ]%d; Cornish Point (Is paid), 7d, 6'd; Paddy's Point, 4s Id, 4s 3d; Okarito (prem.), la 4d; KiMare, 15s.

Price. Yield p.c. £ s d £ s d i'a: p.c. Govt. Stock (1938) 97 17 6 4 10 S iVa p.c. Govt. Stock ' -(1932) 08 15 0 4 10 6 5Vf p.c. Govt. Stock ' (1936) 99 5 0 5 7 10 aVi p.c Wellington Harbour Brd. (1940) OS 5 0 5 IS 2 6 l/s p.c. Auckland Gas (1935) 102 0 0 COO Bank N.Z 2 17 7 4 19 7 National of N.Z GOO 5 11 0 Commercial of Aust. 0 10 9 7 11 10 Bank N.S. Wales .-. 30 2 (5 3 2 2 Union Bank ...::... 11 6 0 5 10 7 Bank Australasia .... 12 5 0 5 14 2 E.S. and A. Bank ... ■' (i 4 0 6 10 Aust. Bank of Com. 13 9 5 17 10 Bank of Adelaide.;.. BUG 0 16 9 N.Z. Insurance ..... 2 4 0 4 3 2 South British ......; 2 10 0 4 C 10 National Insurance..,.- 0 14 8 5 2 2 Dalgety (cum. cliv.) .. — 7 12 9 Goldsbrough Moit. .. . 1 10 3 0 18 3 Tjiupiri:GpaL ■» 1 5 9 7 15 4 Aii'cldand-Gas ........ 1 3 10 G 14 2 Huddart-Parker (ord.)' 1 18 G ;> 3 10 Gear Meat 1 18 0 a IS 5 iKaiapoi Woollen (17s paid) :; 0 10 C 6 9 6 British Tobacco 1 15 4 G 15 10 Henry Jones Co-op. .18 2 7 2 0 Colonial Sugar 40 5 0 6 4 3 Waihi 0 14 0 13 19 0 Mount Lyell 1-6 3 15 4 9