PRODUCE & MARKET REPORTS FROM DAY TO DAY

Evening Post, Volume CXIII, Issue 142, 17 June 1932, Page 10

PRODUCE & MARKET REPORTS FROM DAY TO DAY

i STOCKS AND SHARES

SECURITIES

A STEADY DEMAND

■; ;■,.-..■ "Evening Post," 17th June. ,i< Business has been fairly active over the i-Tveek in fulfilling orders for Government ./debentures, and for bank shares. There ~: s has been a relatively good turnover in .;; local authority debentures. Government " loans may be described as firmer this week, ;- generally showing appreciations in prices. Insurance company shares have a hardening tendency. Business in other sections ':\ has been but moderate. ' Among the Gov- :;, eminent stocks and bonds,wanted and of ■■ -which no sales have .been recorded may ■ >'• be mentioned 4% per cent. Stock and ;i Bonds (1939) at £92 10s, 5% per cent. I. 5t0ck.(1933) at £99.t0 £99 ss, 4% per ;•,! cent. Bonds (1941) at £92 7s 6d, and 5% ■it; per cent Stock (1951) at £96 10s. There si was a keen;demand for the 5% per cent. ■|; loan maturing next year. Business in '' Government loans has been reported as ..'. under:— .' ' ',; ' :'■ - 4% per cent. Stock (1938), £92 10s, ;. /,£92 12s 6d; 5 .1-8 per cent; Stock (1937), £96 15s, £96105;; s%'per cent"; Stock '" '(1933), £98 15s> £98 12a 6d, £98 10s; V. 5%: per cent. Stock (1933), £100; 5% per *■: cent. Stock (1937, September?, £99 10s. }i £99J55; and Bonds, £99 15s. - ' Certain loeai iody : loan's continue in V, favour with investors,^ and among them .'■:■ may be quoted the 5% per cent, issues of ■ Auckland and: Christchurch cities (1944), ■ for which £97 was bid. For the former issue sellers: wanted £101. The 5% per . .cent. Bunedih loan maturing the same 'year was inquired for,, at £97 10s, "with - : .bo sellers. - The 5% per cent; Wellington '^Harbour Board had buyers at £98, but disclosed sellers. :' For 6 per cent. * "Auckland -Barbour (1941). there were,, bids 'of £101, but no business reported. The ■ils9i per cent. Christchurch-Tramways loan ;Ti"(1944) were inquired for at £98, sellers ' "quoting £100 2s 6d.; Sales of localbody loans were as under:—■ • 5% per cent..Auckland Harbour Board (1939), £96 ss, and-s%;per cent. (1940) £97: 10e; 5% -per cent.- Auckland -City (1960),':£95, and 5% per cent. (1957), £95. 10s; .6 per cent. Auckland Fire Board; (1939), £100 10s; 5% per cent. Auckland Hospital (1934), £97; 5%. percent. Christchurch City (1958), £98. .Company^ debentures asked ifor included the .6Mi'percent, stock of New Zealand Farmers' Co-operative, Christchurch (l!) 40 and 1915), at. £36 5s and £36 respectively, and there- were sellers of 6%. per. cent. "Wellington Gas (1941): at £99, and also of the 8. percent. Wellington Racing Club issue vat ,£9O and of the ,5 1-8 per cent, debentures of the Bank of New Zealand (1939) at: £97.' ' Sales of .company debentures were notified as follows:— ■ 6% per cent. Gisborne Sheepfanners (1941), £70; 6% per cent. Nev- Zealand Farmers' Co-operative, Christchurch X 1940), £36. 15s. - ; j : , • BANKS, INSURANCE,; FINANCE. Sales of bank shares during the week have been active, those . : of .■ the Bank of New Zealand showing a'teudency to drop, although the - return to shareholders will be: 14 1-3 per cent., as last year. Sales of bank shares show the sharp'riseand sharp fall following the election > results in New South Wales and Queensland. Orders to buy the £5 paid of the National Bank of Australasia at £4 155.t0 £4 17si 6d appear not to have been filled, but holders did, not quote. E.S. and A.'s were in demand at 795,: sellers quoting 80s to 85g. Queensland Nationals had sellers; at /£5 6s, but no declare! buyers. : The Bshares «f the Bank of New Zealand were wanted for 25s 6d, but sellers stood out for 295. Sales of bank shares ;were reported as follows:— ..- •".-:. : . Bank of New Zealand-(cum: div.)> 42s Sd, 42s 9d, 42s -6d, ,42s 3d, 42s 5d,. 42s 3d, '425.' 6d,; ~42 3d, 425, 41s lid, • 41s Sd, 41s Bd, 41s 3d,' 41s -Bd, 41s lid;; National Bank of New Zealand, 60s, 61s, 60s; Bank of New South Wales," £25 15s, '£25 7s. iSd* ■£25 55,-£25! 10s; Commercial' Bank of Australia,. 13s 6d, 13s, 9d, 13s 7d, 135.6 d, 13s sd, 13s 4d; Bank of Australasia, £9 4s; Union Bank, £6 165,,£6 17s sd, £6 16s 6d, £6 165,.£6M85, £6: 16s 6d; Bank of Australasia" (£5); £5. --In the limited .insurance market there Jrere buyers of Standards at 38s, 'but no --•ellers quoting. Sales were as follows :— New Zealand Insurance," 36s 10% d; South' British, 50s 7%d; National Insur- ■ ance, 11s, 11s Id, 11s 3d,' and stock and station company shares wanted included WellingtonTrust and Loan at 90s, Wellington Deposit and Mortgage at 7s 6d, Dalgety and Co. at £6 ,15s, sellers '£7; New Zealand and Eiver Plate at. 20s, sellers 22s :6d... Sales ycere as follows:— '; . -'.- Goldsbrough Mort, 21s 6d, 21s 10d, 21s 7d, 21s 3d, ?0s 6d; New Zealand Guarantee Corporation (8s), 4s Id, 4s 2d; .New Zealand and River Plate, 21s 9d. ; : MEAT AND: OTHER SHARES. .Business in>therthan the above sections [was on the quiet side. -Meat-shares in tequest were Gears (cum; div.) at 27s 9d, bo sellers; Wellington Meat Export"^pref.) pt lls 8d and ordinary at-3s'9d, with no tellers. Brewery shares wanted included .Carltons at 26s 3d and Staples -at123 a- but Were were no disclosed sellers. Shipping ishares • asked for,,were P. .'and . 0,. at 12s Bd to 13s-3d, withseDers.at 155.t0 17s, brid Huddart-Parker ordinary- at .21s to Els 6d, .but no sellers. Coal shares were neglected and: there was but a. ppor deJnand for gas. Sales reported in the sections above-mentipned were : as follcrws:— ;New Zealand. Refrigerating (10s). 4s. and (£1) lls 3d; :. . . . ' ■' Zealand; Breweries (cum., div.), : 24s sd, 24s 6d, 2is 7d; 24s Bd, 24s 9d, 24s Bd, 24s 3d; Tooths, 265. 3d, 26s 6d, 25s ■lOd, 25s 3d.: : ; . ':„ -Auckland Gas (ordinary), 20s 7d, 20s ' 8d; Christchurch Gas (ordinary), 25s 6d. Sales in the miscellaneous section were freported as follows:— -..-.. .British Tobacco (cum. div.), 28s' 28s 3d,. 28s 2d, 28s Id, 28s 6d, 27s 9d;'Colonial Sugar, £40>155; Farmers' Trading, 3s 4%d;,-Farmers' Fertiliser, 12s; New Zealand Drug,, 46s 9d; New Zealand Paper Mills, 18s fid, 18s 9d; Whitcombe and Tombs,-42s 9d; Woolworth (pref.), 24s 3d; Wilson's Cement, 265.