PRODUCE & MARKET REPORTS FROM DAY TO DAY

Evening Post, Volume CXI, Issue 67, 20 March 1931, Page 9

PRODUCE & MARKET REPORTS FROM DAY TO DAY

STOCKS AND'SHARES

AN ACTIYN WEEK

BANKS IN FAVOUR

'•Kmiins Tost," 'JOth Much. Business has been pretty brisk over the *-eek, but confined in the main to banki thnres, values of which have appreci-1 ated. There was good inquiry, too, ail'l niiiny i^alesf for the lta paid shares in Sew Zealand Kcirigeratin-. tfreu t'eriea ttpi-c in demand, ami Mount Lyclls were, ireely dealt in. Government debentures were rather quiet. For the 'Hi p.c. Houds (103S and 1U39) there were buyers at £05 10s. The o'A p.c. Bonds diid Stock (1936) had buyers at £0S ss. The SVi p.c. Loans (10-11) were inquired tor at £94 ss. Sales of Government loans were as tolJows: — Hi p-c. Stock (I'JSS), £0o; Mi p.c. I Stock (1933), £07 17* lid; 5V= p.c Bonds (1333), £00; 5',: p..:. Stock (W^l, £09. Local authorities' debentures fm which there were bids included 6 p.c. Auckland Harbour Board (UMI) at .CIOU 10s; S'-i P.c. Mount Eden Borough (l!l&1), at £07- 5% Wanganui Borough (!9tt) at £97. Others were generally sellers, with holders ot S'/i p.c Otaso llniuour <VX<S), principal and ijiteiv.-t payable m London, ([noting £10t. Business done during the week was as follows: — SV, p.c. Auckland City (HHUI), £!H5 10s; 6 p.c. Dunptlin City (19361, £100 10a; 51a P.c- C'hristehurch Brainage (1938-73 L £94; f.% p.c. Hamilton Borough (1962), £9S. Company debentures were neglected, although there were buyers of 5 aad. 6^ p.c Auckland Gas (1932 and 193o) at £91 and £100 respectively. BANKS, INSURANCE, FINANCE,

In the bank share section, as noticed above there was considerable interest of investors, and a fairly general advance In price. Commercial of Australia preference shares were inquired for at £o 123 6d to £5 I7s-6<i, sellers £6 to £6 2s. Commercial Banking Company of Sydney lad sellers at £16 10a, but no disclosed buyers. English, Scottish, and Australian were wanted at £5 7s, sellers £5 16s. lor Australian Bank o£ Commerce las 6d was offered, with no response from holder.?. Sales of bank shares were as folJows: — Bank of New Zealand, 50s 6d, 50s 9d, 513 51a 3d, 51s 6d; D Shares, 26a 6d; Bank of New South Wales, £27 10s, £27 7s 6d, £27 10s, £27 12s 6d, £27 13s, £27 10s; Bank of Australasia, £10 2s 6d; Union Bank, £8 15s, £8 17a 6d £9, £8 15s, £8 139 9d, £8 11s 6d, £S 30a £8 7s 6d, £8 6s, £8 7s 6d, £8 m. £8 9s, £8 12s, £8 7s; Commercial Bank of Australia, 16s 4d, 18s 2d, lfis, 16s Id, 16s 2d, 16s 3d, 16s, 15a 9H, 15a 6d, 15s 7d, 16s, 15s Od, 15s 7d, 15s Bd, 15s 9d; National Bank of Australasia (£5), £5 sft £5 '4s, £5 4s 6d, £5 4s, £5 ss, £5 Ss 6d; National Bank of Australasia (£10), £10 12s 6d. Insurance companies were in poor deSiiand, but all showed a hardening tendency in price. Standards were inquired for at 43s to 455. no sellers. The sales reported were as follows: — N.Z. Insurance, 41s 3d, 425, 42s 3d; National, 13s 2d, 13=, 13s l',4d; South British, 52s 6d, 535. Financial and pastoral companies were 3n but moderate demand, and prices generally quoted were those of sellers, and Rome idea of values may be gathered from their Quotations, viz., Equitable Building, £8 8s; Abraham and Williams, £i to £4 103; Isi.Z. Loan and Mercantile, ordinary, £68; Newton King, pref., 10s 6cl: Wellington Trust Loan, £6 10n 6d. Sales were as follows: — Dalgety, £7 15s; Goldsbrongh, Mort, 235, 22s 6d. 22s lOd, 23s 9d, 22s Id. 225, 21s lid, 22s 3d, 225, 2Cj 4d; Christchurch Building Society, £12 ss; N.Z. Guarantee Corporation (Ss), 6s 7d, 6s 6d. COAL, GAS, SHIPPING, Transactions in all shares under this heading were very few during the week. AVestport Coal was inquired for at 24s to 24s 6d, seller* 25s 6d; Piikemiros were wanted at 335; Taupiri at 20s 6d, sellers 21s 9d. Sales were as under: — Renown Collieries, 9s; AVaipa (in liquidation), 6s. Gas shares were very qniot, with buyers of Wellington ordinary at 26s 3d, no sellers. Sales were as follows:— Auckland Gis, 23s 3d, and contributing 16s lOd. Practically no business passed in shipping shares, but P. and O. deferred were wanted at 32s to ."3s 3d, no disclosed sellers. There wore sales as follows :- Devonport Ferry, 21s. MEAT AND OTHER COMPANIES. Interest in moat company shares has b»™ focnsL-r] on tliß 10s paid shares of Iho New Zealand Eefrigerating Co., which have been in .ft mug demand. Gears were bill for at 2Ss, with no intimation of holdrr«.' idea of value. Shares of other meat companies wore not prominent in quotations. .Sales were as follows:— N.Z. Refrigerating (10s), 3k 3d, 3s ■Id, 3s 3d, 3s, 2s lOd, 3s, 3s Id. 3s 7d, 3* Sd, 3s 9d, 3s 6d. 3s sd, 3s yd, 3d lOd, 33 'Dd, 3s 6d, 3s sd, 3s 9d, 3s lOd, 4s. Brewery shares asked for included Staples at 34s 6d, Carltons at 21s, Timaru Cos cum. dividend) at .5a 3d, sellers 7s 6d. Business done during the week was a« follows: — New Zealand Breweries, 36s lid, 37?, 37s 3d, 37s 6d, 3Ss, 38s Id; Crown Brewery, 4s 6d; Tooth's Brewery, 225, 22s 3d, 22s Id, 225, 21s 10d, 225, 21s lid, 210 lOd, 22s Id. Inquiries were made for Mosgiel Woollens at £6 ss: Wellington Woollens at S2s fid for ordinary and 85a for preference, no disclosed sell? is, and Kaiapoi (17s) nt 7s fid, sellers !>. MISCELLANEOUS. Them were bids of 30s for Burns, Pbiip;«, for which sellers quoted Son to 36b. /Whitcombe and Tombs were wanted at 545, no sellers; National Electrics were wanted at Bs, sellers lls; and New Zealand Drug fciim. dividend) had buyers at 575, no sellers. Australian Glass were ! wanted at 23m to 21s, with sellers quoting 2Ss to 20s. The sains in the miscellaneous section were as follows: — •British Tobacco (cum. div.), :<os fid. :\oh 2d. 30s 4d. 30s Od, 2!ls 7d, 30s, riml (prei.),' 1^ M; Colonial Sugar, £31; Rlectrolytie Zim: C->rrl.), lls lid, Us fid, 12s. 12s 3d, 12s; Electro. Zinc (pref.), 17s 8d; Dominion Builders' Supplies (Christchurch), 2s 6d; Farmers' Fertiliser, 13s 6d; Milne and Choyce debentures, 19s 6cl; North Auckland Farmera (B pref.), 5s- 9d; Wilson's Cement, ■10s*. MINING. Mining business was moderate, with a good demand for Mount Lyells, bilk fit ♦rratie prices. Sales were as follows:— Waihi. 15s Sd, los 4d, I.'s 3d. 15s 6d; Mount Lyell, 21s 6d, 21s 2d, 21s 3d, 21s 2d, 21*, 21s 4d, 21s, 21s 3d. 21s Id. 2ls 2d, 21s 4d, 21s 6d; North Broken Hill, 365; Moanatairi, Is 4d; King Solomon, Is Bd, Is B!6d. Is fid. Is Bd. Is V6d. Is Bd, Is 7d; Mahakipawa, 7d; Okarito, fis 3d, 6s 10d, fo 9rl; Kildare, Is.