STOCKS AND SHARES

Evening Post, Volume CIX, Issue 125, 30 May 1930, Page 12

STOCKS AND SHARES

•BUSINESS. OE THE WEEK

IMARKET HAS BETTER TONE

t ; . ■■ •.. . "Evening Post," 30tli liny. .'■ Investors, appear-to, be still pursuing a J'iafety first" policy and favouring Government and local body loans, together with &ank shares, but in some other sections of the market there has been a fair amount of business with a hardening tendency in prices of some of the shares, offSetting the recession in values of some -joiners.' Reflecting the Australian share market, it may be said .that the tone of the New Zealand market this week has decidedly improved, but only for what may foe called non-speculative investments. ; Government Securities. Buyers of 4% per cent. Government abock and bonds of 1939 maturity offered from £98 5s to' £98 10s, but sellers coy;'and for the.s%.per cent, stock kad bonds (1936), there were bids of £99 •to £99 5s with no declared sellers. Business done was as follows: — iVz per cent. Stock (1938), £98 15s; 4% per cent. Bonds ;7}S3O), £99 7s Cd, £99 ss, £99 15s; 5Vt »er cent. Stock: (1932), £9S 15s; 5% per tent Stock (1936), £99 ss; 5% per cent. Bonds (1937), £99 7s 6d. Local Body Loans. ' Local body debentures have had fail'inquiry and some business has been notified. Buyers of 6% per cent. Christchurch Trams (1934) were offering £102 ss, but rollers wanted 5s more. The 5% per cent. ■ f 1916-48) and 5Vt percent. (1937) issues "mf the Auckland Harbour Board had buy-•'to-sat £98 and £96 respectively, and sellers livere. prepared to quit at par for the forW Sales of the week were: 5% per cent. l<!ity of Auckland (1936), £97; 6 per cent. 'MtfAlbert Borough (1959), £103; 5% per W. City of Auckland (1940), £96 10s. Company Debentures. So far as can be learned there were no «aies of company debentures, but there Were unsatisfied buyers of 8 per cent. Wei. Won Racing Club at £105 Mj Glarw, to; per cent, were wanted at £90, sellers IP 97 Booth, Macdonald debentures were Itranted at £70, no declared sellers. Buyers hoi New Zealand Breweries 10 per cent. fame offered 2ls 9d with no response from Solders. Sellers of 7 per cent. Williamson mm quoted £101. Buyers of 0%. per cent. Auckland Gas (1935) were offering £100, ■fellers demanding £103. Gisborne ■SheepWiners Th. per cent, had sellers at £80, §5> buyers. ? ' : Bank Shares. 'Buyers-were in the market ' for Bank M Adelaides af £6 15s, biit sellers stood Wt for £7. Queensland Nationals also had Wrs, but bids up to! £6 12s M failed So yrelult in business. The D Shares of fee Bank of New Zealand were wanted It 275, no sellers/ Sales of the week weie principally in Commercial of Australia and Australian Bank of Commerce, and the Kannen done generally was as follows^Sank o£ New Zealand, 58s Od^Ss Cd, 58s 3d, 58s lOd; National of Isew Zealand, £6 '<& M 5s 6d, £6 6s; Union, £11 7s 6d, "Sli 9s £11 12s 6d, £11 Us; ISew South ■Stales ' £39 ss, £39 10s, and Melbourne fcgistry £39 10s, £39 8s 6d; Australasia, *612 ss; Commercial of Australia, 21s, 21s -»Wd 2ls 6d, 21s 7%d, 21s 7d, 21s Bd, 21s 'art" 21s 3d 21s 6d, 21s 7d, and new issue :' ' ■ ' Insurance; :: The market for insurance companies' .tores'was quiet. ' Standards were asked for at sfe, sellers Cls. There were buyers S Queenslands at 475, but. no dec ar.ed sellers. Business notified during the week deluded New Zealand I?™f%,f s fi(l 9d' gout* British, 59s 6d; National, 14s 6d. Financial. Business was very, slack to-f**^*& fctock and station companies' shares Equitable Buildings were wanted at £8 is oa, Stiver' Plates were sought at 29b, sellers . 14s 3d. Coal, Gas, Shipping. Transactions in shares under the above StUton quoted 3s 9d,. no buyers. Sales. i: & Steamsiiip, 14s 2d, 13s 9d; Devon- ! yort Ferry, 225. , Breweries and Other. (Interest in Brewery shares was .moderately keen, but business was done. Jioiaefs of Fosters/breweries quoted 70s, with :no response from buyers.' Staples had ' buyers at 47s 6d, sellers 48s. Sales noti- ■• ficd were as' follow :-New Zealand Brewi cries, 535, 53s 3d, 525, 52s 6d, 52s 9d, 53?, 825,.52s 3d; Carlton Brewery, 345; Tooths fcrewery, 345, 34s 2d, 35s l%d, 34s 7d, 3?s, Bis 9d; Tooheys, 245. Local industries . »ere neglected. Holders of .Wellington Woollens quoted £6 for ordinary and £o : 3s for preference, but no business was re- ' ported. Kaiapois 17s paid sold at 11s ami ■ Jits'2d. Timbers were very quiet, witu of Taupo Totaras and ParkerJtambs at 16s. Sales of Kauris were made ! fet 13s. Meat shares were dealt ins ' lower prices on the.week, Gears selling at K7s 3d to 37s 6d; New Zealand Refrigerat- '■■■ ing: (£1) at 10s 9d and (10s) at 4s 9d to '; & iod. ; . •" Miscellaneous. : ' In'the miscellaneous division Colonial* '" Sugars and Wilson's Cement registered advances, and there was some fluctuation '- ju British Tobaccos. Tlie transactions oi the week have -been as follow:—Amalgamated Wireless (cont.), 20s 7d, 20s Bd, 20s M;' Australian Glass (cum. div.), 42s 6d; > British. Tobacco, 405,'40s 3d,'4os, 39s 9d, ' «0s; Colonial Sugar, £40 17s 6d, £41, £41 Vs 6d £41, £41 ss; Dunlop Eubber, 14s : 8d- Electrolytic Zinc, 25s 9d; Farmers' ■'; trading Co. (Auckland), 8s Od; Haywards pictures, 13s; Henry Jones Co-op., 30s, 29s Gd; New Zealand Drug, 63s 3d; New Zea- ■ Jand Farmers' Fertiliser, 18s; Wilsons Cejnent, 455, 45s 6d. _ Mining business done during the week •was as follows:—Waihi, 135.4d,'13s 4%d; >iount Lyell,-29s 3d, 28s 9d, 28s lid, 295, 29s 6d, 29s 3d, 29s 4d, 29s 3d, 29s 6d; Oka-j-ito (prem.), Is Bd, 2s 6d, 2s 9d; Alburnia, 2d; Mahakipawa, Id.