PRODUCE & MARKET REPORTS FROM DAY TO DAY

Evening Post, Volume CX, Issue 46, 22 August 1930, Page 12

PRODUCE & MARKET REPORTS FROM DAY TO DAY

STOCKS AND SHARES

i HESITANT^ MARKET

! ■ SALES OF THE WEEK

"Eveuiug Post," -22nd August.

• ou the Stock Exchanges of flic Dominion, taken as a whole, has been very patchy this week. "• Wellington Exchange, for instance, reported lio' sales on Wednesday. . Transactions have .been relatively few, and the nlarket;'"lacksi buoyancy, there has been ai strong inquiry at firm to advancing^ prices .for 4% per, cent. Government Income-tax free loaiisi and for these holders are asking par or a shade above. As will he.seen hereunder, bank shares continue in favour with investors, although prices if anything have tended to ease on the week. . The business done in Government securities was as-follows:—4% p.e. Stock (1939), £99 15s; 4% p.c. Stock (1938), £99 15s; i% p.c. Bonds (1939), £100; 5% p.c. Stock (1932), £98 15s; 5% p.c. Stock (1933), £99 7s 6d, £99 10s, £99 Ss; 5% p.c. Bonds (1933), £99 10s, £99 ss. There were buyers of the 5% p.c. Stock (1936) at iLoeal body debentures had a sluggish inquiry, but buyersl of 6 per cent. Auckland Harbour Board (1941) were unable to obtain them at £101, and although £91 was offered for the 5% per cent, issue or that body, sellers refused to quit at lejss than > £95. Christchurch City, 5 per cent. (1954) were to be had at £95. Other municipal ■ loans were quoted by sellers only. There were sales of 5 per cent. Greymouth Borough (1937) at £95. ■Company debentures in demand included: 5 per' cent. Auckland Gas (1932) at ■£94-' 7%' per cent. Gisborne Sheepfarmera 'vt £83 to £84, sellers £92; 8 p.c. Wellingtoa Kacing Clubs were wanted at '£105 10s; 5% per cent. Glaxo (1945), !£«0, sellers £93; 10 per cent. New Zealand Bwwerieg, 21s; 6% per cent. New End Refrigerating (1935), £93, Bellere *3Hfa Tl» 6 pet cent, tax free issue tf Wright, Stephenson were to beboiignt for £80~lbs; and 7% per cent. WJliaminn's FiW at £101 10s. There £les of 6% per cent. New Zealand Farmers' Co-op., Christchurch, at £78. BANKS/INSURANCE FINANCE. Bank shares received most attention from investors. Those in demand, but of .which there are no notifications of sales during the week, were Bank of New Zealand D Shares at 27b to 27s Id. There ■were ateliers of Bank of Adelaide at" £6 9s, and of Queensland Nationals at £6 lOs, but bikers gave no idea of their ■fellies; The sales effected were as follow:—Bank of New Zealand, 565, 55s Hd, 565; - National Bank of New. Zealand, £5 14s 6d; Union Bank, £10 13s 6d, £10 13s, £10 12s 6d; Commercial Bank of Sydney, £20 2s 6d, £19 17s 6d; Bank of Australasia, £11 16s Gd, £11 16s, £11 16s 6d; *Bank of New South Wales, £36 7s 6d, £36 ss, and (Melb. Keg.), £36 7s 6d; J3.S. and A. Bank, £5 17s, £5 18s 6d, £5 16s 6d; National Bank of Australia (£5), £6 17s; ' National Bank of Australasia (£10), £14 Os 6d, £14 2s, £14 6s, £14; Australian: Bank of Commerce, 21s lid; Commercial Bank of Australia, 20s 3d, 20sf 4d, 20s 3%d. 20s 2d, 20s 3d, and (preference) £6 7s 6d, £6 7s, £6 7s 6d. Insurance shares were very dull. 'A.P.A/s were called for at 5s 9d, sellers Bs 9d. Standards were- to be had for 59s 9d; Mercantile Mutual sellers quoted 22s 6d; Nationals had buyers 13s 6d, sellers 14s. There were buyers of Queenslands^fciSs.iseJlejs :48s;:. South.. British rreore~-ln^. demahd-at 565, holders quoting £7s 6d.Sale3 appear to have been confined to New Zealand Insurance at 41s Bd, 41s 6d, and 425. In the financial and stock and station chare market very little business was notified. Inquiries were made for Wellington Trust and Lpan at £6 19s, no disclosed sellers. Holders prepared to sell included New Zealand Loan and Mercantile ordinary and preference at £93 and £S1 respectively; Dalgetys at £10 2s 6d down to £9 17s, with buyers at £9 12s 6dJ Wright,'Stephenson; ordinary shares yr&eito be had at 20s. Business during the Week was as follows:—Goldsbrough, Mort, '27£ 7d, 27s 6d, 26s lOd, 26s 9d; Permanent Investment Co., £10 2s 6d; United Building (Christchurch), 15s; 9d; New Jieala'nd Guarantee Corporation (8s), 7s lOd, 7s 9d, 7s Bd, 7s lOd. INDUSTRIALS. Coal shares were very quiet. Westpoits, however,.. had buyers at 31s 6d, Betters 32s Id tq[ 335; Pukemiros were to bo'-ibought'for 60S' 6d; and Waipas .at 10s Pd":t6 lls-^Buyers of Westport-StoeKbns offered 9d, sellers "2s. There were sales* , cf:-Taupinsj.at:27s to 26s lOd. Gas shares were dull, but for Gisborne's 10s was bid with no response from holders. I'eildings were wanted at 2s 9d. Sales'were: Auckland, 245; Christchurch, £4s 4d. Shipping shares attracted hardly any attention, but orders' were in" the market for P. anS.O. deferreds at 425; no tellers At that figure. Sales were:—Hiiddart, Parker, preference, 20s; Northern Steamship, J4sßd, 14s 7d, 14b 6d. Meat shares were quiet; Gears being ■offered at 37s 6d, with no buyers; New Zealand Kefrigerating (10s) were wanted at 4s 4d, sellers asking 4s 9d. The sales of the week were: Wellington Meat Export Bs 4d; Southland,. 375; New Zealand Kefrigerating (£1), 10s 3d. Timbers were neglected, with buyers of Jfationals at Bs, sellers 10s Od. There were tales of Kauris at 13s. Woollen v Mills were in slack demand, jurith • buyers of Kaiapois 17s at 10s Id; fellers 12s. There were sales of Wellingtons at £5 10s. - BREWERIES. Busmess'in brewery" shares was on n >nodera'te scale, with inquiries for Staples jit 435-7 d, sellers 455. Ward and Co. (in liquidation) were in demand at ss. Sales jjrere made as follow:—New Zealand Breweries, 50V9d, 51b, 51s 3d; Timaru, 13s lid &d (ss) 6s 6d; Tooths, 28s lOd, 295, 2Ss Cd;. Poohey's'l7s lOd. ,|; MISCELLANEOUS. in the miscellaneous section !JirnH very dull, but the following business I f&as notified:—British Tobacco, 3(is lid, :!Bs Bd; Colonial Sugar, £36 10s, , £36 us; Sfelectrolytig Zinc (pref.), 225. 6d, 21s Od, ttk 9d, and (ord.) 20s; Farmers' Trading JjJAuckland), 18s;--''(Holden's Motors, 95,.,9s - 8d; Hill arid" ' Rummer (Auckland), 21b; fiobineon'lce. Cream (Auckland), 23s Od; Pnion Oil (Auckland), 31s; Wilson's CcJnant, 40s, 40s 2d, 40s; New Zealand Paper pita, 19s 3d; '■■ ■ MINING. "Sales:o£ raining and similar shares were |B follow;—Waihi, 14s 3d, 14s 4d; Mount toell, 22a 3d, 23s l%d; Grand Junction, Bs 2d; Okarito, 6s lid, 7s, 7s Id; Mahakifewa, 3d; Taranaki Oil, 2s sd.

*Cum| div.