STOCKS AND SHARES

Evening Post, Volume CXIV, Issue 19, 22 July 1932, Page 10

STOCKS AND SHARES

AN, ACTIVE MARKET

BUSINESS

"ITnHetf Press Association —By Electric 'JSclc- ' '■■ graptt—-Copyright. 1 i " '' SYDNEY, 21st July. On. the Stock Exchange to-day there •was a falling off in the turnover, the buying w&ve having > apparently sp^ent itself. !> It' was also evident that the niurket' is awaiting1-news from Ottawa.'Quotations foe Commonwealth 'Bonds weakened, but there was little change in industrials. Sales: Bank of New South Wales, £20 11s; National Bank of Australasia, £5 paidj £6; Colonial Sugar, £46 12s 6d; United Insurance, £8 10a; ; Fairymead Sugar, 245; Victoria Nyanza Sugar, 18s 3d; Millaquin Sugar, 26s 4%d; Australian Gas, A, £6 5s 6d; ditto, B; £6 6s; Tooths. 29b 10% d- Tooheys, 19s 7%d; Carlton Brewery, 33s 6d; British Tobacco, 325; Gordon and Gotch, 27s 6d; North Broken Hill, 61s; Commonwealth Bonds, 4 per cent., 1938, £97 12s 6d; 1941, £97 12s 6d; 1944, £97 ss; 1947, £97 17a 6d; 1953, £96 10s; 1957, £90 10s,-1 1959, £97; 1961, £06 17s 6d.

MELBOURNE, 21st July. Sales.—Commercial Bank of Australia, pref.,- £7 15s; Carlton' Brewery, 33a; .Goldsbrough Morfc., 255; Electrolytic Zinc,' pref., 23s 6d; Mount Lyell, 19s Id; South Broken Hill, 43s l%d.

"Evening Post," 22nd July.

Considerable business has been done during the week in Government loans and bank add insurance sharks, and the tone

of the' investment market generally has

improved. Industrials,. however, continue 'to attract "but little attention. There appears to be a fair demand for selected local'body debentures.. Indications that investors are beginning to display more confidence .in. the share market than hitherto aife-not wanting, -but there are "few, if any, signs of activity in speculative .enterprises apart from gold mining* and ,dredging. "Safety, first" appears to be the investors' motto. Government loans of which no sales ■wete reported and for which there were -buyers at kthe end of the week, included - 5% per cetft. Stock' (lftil) s at £99; 5% per cent. 'Stock (1051), at £100, sellerß |£100 ss. Sales were reported as follows:— 4% peir cent. Stock (1938), £96; and • v> Bonds, £96; 4% per cent. Stock (1939), £96; and Bonds, £96, £96 ss; 5% percent. Stock (1933), £99 ss, £99 10s, £99 , ss,- £99 12s 6d; 5% per cent. Stock (1938), £101 7s 6d, £101 5s1; 5% per cent. Stock (1937, Feb.), £101 7s 6d, £101, £101 ss,' £101 2s 63; and Bonds, £101 2s 6d, £101 7s 6d, £101 10s; 5% per cent. Stock (1937,, Sept.), £101 12s 6d, ' £101 ss, £101, £101 2s 6d,. £101 7s 6d, • *£101 ss, and Bonds, £101 2s 6d, £101 7s 6d.. Local authorities' loans having buyers i included 5% 'per cent. WelingtOn City and Wellington Harbour Board (1940), at £99 and£99 10s respectively; 4,% pe,r cent. Christchurch City (October, 1932) were in ' demand at £100. ', The Wairarapa Electric Power Board is in the market with an issue of £17,45 C, *_ bearing interest at 5% per cent., and mat--iring^ 1942. -'-'It is announced that this ■ loan, is, nbfc-sttbject to. stamp-duty under • the {National Expenditure Adjustment Act; and.interest and principal will be payable free|Of exchange anywhere in New Zealand. Sales of local Taody loans reported this week were as follows:— , • 5& per cent. Auckland City (1044), £98; 5% per cent. Auckland Harb. Bd. (1940), £97 455; 5% percent. Auckland Hospital' Board (1934), £97 105...' "' Company debentures bid for included 6% per cent. Gisborne Sheepfarmers (1941)/ £68; 4% per cent. New Zealand Co-operative Christchurch' (1940) and (1945), J£42, both issues; 6 per cent. Auckland Giw (1942), £100 ,10s; 6% per cent. "Wellington Gas (1941), £99. No sales of company debentures were Reported. BAfiIKS, INSURANCE, FINANCE. Bank-shares continue /in favour with improvements in prices in some instances over prices reported last week. Bank of Australasias had buyers at £9,5s to £9 7s s6d, but these, bids evoked no quotations from hplders; Commercial Banking 'Company of, Sydney shares' were wanted at £14----ss, with no disclosed sellers; and the D Long Term Mortgage issue of .the Bank of New Zealand had unsatisfied buyers at 265. Sales of bank shares were as* follows:—!' x Bank of New Zealand, 44s 9d, 44s Bd, 44s , 7d, 44s 6d, 44s Od, '455, 45s'9d, 45s 6d, 46s 3d 45s 9d, 4lis 6d, 46s 3d; National Bank , New Zealand (cum. div.), 695, 70s; Bank J New South Wales, £26 10g, £27; Commeicial Bank of Australia (cum. div ). -J^ s 1&, 13s Bd> 13s 9d >13s ™> i3s io%d , 13s lOd, 14s Id^l4s, >Us I%'d and'pref' (cum. div.); £6 19s 6d; E.S. and A Bank, 83s 6d,'B3s; National of Austral- , asia (£5), £5; 6s, £5 7s, £5 4s; Union' ■l7 nk (C £7 1-ls dS'£7!' £7OS3d '£71S' Insurance companies' shares were in good demand at appreciating prices. There were buyers of Queensland's at 40s, but no disclosed sellers. Business was reported as follows:— ■ 'New Zealand Insurance, 40s Gd' (cum ' «H'/°% 39^ 1Od ' 39s 9d; Soutl» British, . 52s 6d, 52j 3d, 52s 6d; National, 12s, 12s 2d 12s 3d, 12s id, 12s sd, 12s 6d;'Standard,; 41s, 41s 3d, 41s, 40s 9d, 41s 3d. Stock ,and station and financial companies scares were somewhat neglected,' with certain exceptions. Loan and Mercantile ordinary had buyers at' £35 to £37, sellers £40 10s. New Zealand and tfiver Plates were wanted at 20s, with no sellers. Permanent Investment, Christchurch, had, buyers at '£5 15s 6d, but /holders did not 'quote. Sales were reported as follows:— , Dalgety and Co., £7 ss, £7 7s 6d; Goldsbrough, Mort, 22s Gd, 22s 3d 2'>s no' ?f 64' 22s 7d' 3d ' M. 22s Id, 22s 6d; New Zealand Guarantee Corporation, 4s 7d; United "Building,1 14s 3d; Coal 'shares were quiet, but there were buyers of Pukemiros' at 255; sellers 30s Westports were wanted at 12s. Shipping were also dull, with buyers of Huddart-Parkcr ordinary at 235, but no sellers P and O. deferred were wanted at 16s to 10s 6d, sellers asking 18s. Union bteam preference had buyers at 19s to IBs 9d; sellers 20s. Gas Company shares wanted, were Wellington (cum. dividend) at 28s; no sellers. Sales of gas shares are shown hereunder. Heat share's inquired tor included Gpars at 29s to 30s, but with no response from sellers. Canterbury Frozen Meat preference had buyers, at 7os, sellers asking £5. Breweries wanted were Staples at 22s 6d to 235; tellers 25sTooths;, at 255, sellers 275. Wellington Wopllen shares were wanted at 83s' for ordinary and preference, but sellers stood out fop £5. Business done in shares in the above . sections of the lists and in the miscellaneous section was reported as follows:— Auckland Gas, 21s'3d, 21s 9a", 21s 4d 21s, and (contrib.) 14s 10% d; Christchurch Gas, 26s 6d;,Now Zealand Refrigerating (£1), 12s 3d, 12s Id, 12s, 12s 3d, V2e 4d, 12s, a.nd (10s) 4s lOd, 4s * 9d, 4s lid, ss, 4s lid, 4s Bd, 4s B%d 4s 8d; 4s 7d, 4s 6d; New Zealand Biewencs (cum. div.), 265, 2Gs Gd, 26s sd, 26s 4d,'26s 6d, 26s 3d, 26s 4d, 26s 3d 26s 2d, 26s 4d, 26s sd, 26s 3d, ex. div 25s 3d, 25s 2d, 24s 9d; British Tobacco, 28s . 4d, 28s; Colonial Sugar, £41 ss, £41 13s lid, £41 15s; Dunlop Perdnau Rubber, 1 lls lOd; Electro Zinc (pref.), 29s 4d 20s 7d, 20s Bd, 20s 9d, 20s 3d, and (ord ) • 12s; Milburn Lime, 24s 6d; Farmers' ' Fertiliser, 12s 9d, 12s lid; New Zealand . Drug,, 535; New Zealand Paper Mills, 20s 3d; New Zealand Sugar of Milk (pref.}, 2s; Zealandia Soap, Christchuich, , 4s; Uflion Oil, Auckland, 21s; Wilson's Cemen rt729s 6d, 31s; Taranaki Oil, Is Id