STOCKS AND SHARES

Evening Post, Volume CXIV, Issue 85, 7 October 1932, Page 10

STOCKS AND SHARES

STEADY BUSINESS

SALES OF THE WEEK

• ' SYDNEY, 6th October, j The Stock Exchange turnover showed a 'marked' improvement to-day, all sections , having buying support. , Sales.—Bank of New South Wales, £32 2s 6d; Commercial Banking Co. of Sydney, • £17 ss;' Colonial Sugar, £54 10s; United Insurance, £7.155; Millaquin Sugar, 28s; Austral Gas A, £6 17s; Tooth's, 36s I 7%d; Toohey's 22s 9d; Carlton Brewery, 35s 3d; Australian Glass, 45s 3d; DunlopPerdriau, New Zealand delivery, 16s 9d; . British Tobacco, 35s 9d; Goldsbrough Mort, 27s 9d; Mount Lyell, 245; Zinc Corpora- , tion, 30s 4%d;'Broken Hill Proprietary, 52s 7%d; North Broken Hill 755; Broken Hill South, 51s. Commonwealth Bonds,-4 per cent., 1938, .£lOl 11s 3d: 1941, £101 15s; 1944, £102 3s 9d; 1947, ?£IOO 15s; 1950, £100 16s 3d; 1953, £101 ss; 1955, £lffl 7s 6d; 1957, £101 15s; 1959, £102 6s 3d; 1961, £100 13s 9d. '•''• "Evening Post," 7th October. Activity on the Dominion Stock Exchanges somewhat moderated this week, and a Press cablegram dated London, sth October, indicated a dull-,,tone in that market. It would . not be surprising if business in Newi Zealand slackened off for a little while until more is known of the wool market, and, in "fact, of overseas markets generally for the main exports of ..the Dominion. ~,'.: *-. •: The demaridi for Government debentures 'has,'eased i>ff/of late". • Those for which 'there were inquiries during the week, but •of which no sales were reported, included »>5% per cent..Bonds.(l933) at £99, and 5% •per cent. Stock (1951) at £99 ss. Sales .of Government during the week ■ jrere,,reported as follqiys:—/ '■; ■ " 4% percent. Stock (1938), £95, £95 2s 6d, £95, £94 17s 6d, £95, and Bonds, £95 2s 6d; 4% per cent. Stock (1939), £95 ss, and' Bonds, £95 ss; 4% per cent. " Bonds (1941), £94 10s; 5% per cent. Stock (1936), £99- £99 10s; 5 1-8 per cent. Stock (1937), £96, £96 ss, £96 2s 6d; 5%, percent. Stock ■ (1933), £99; 5% per cent. Stock (February, 1937), £99 2s 6d, £99 ss; and 5% per cent. Stock (September, 1937), £99 ss, £99 12s 6d, £99 ss, £99 12s 6d, and Bonds, £99 ss. Local body and company debentures were in, moderate demand, with inquiries for 5% and 5% per cent. Christchurch Drainage (1973 and 1965) at £99 and £98 respectively, sellers quoting £101 and £100. The 6% per cent. Gisborne Sheep Farmers' issue (1941) were wanted at £70, and for 6 per cent, and 6% per cent. -Auckland Gas '(1942 and 1935) offers -of £ 102 and £99 respectively were made. Sales were reported as follows:— ' 4% per cent. Hamilton Borough (1947), £85 los; 5% pcr1 cent. Mount Roskill Road Board (1960), £98. BANKS, INSURANCE, FINANCE. An easier .tone, was noticeable in the market for . all ibank shares, but a fair turnover, was "reported. -For the D shares or long-term mortgage issue of the Bank of New Zealand 28s 6d to 29a was offered, and for the £10 shares of the National Bank iof Australasia there were buyers at £11 to £11 10s, but no sales reported. Business done in bank shares was as fbllows:— Bank of New Zealand, 47s 2d, 47s 4d, 47s 6d,.47s 2d, 47s 3d, 47s l%d, 46s 9d 4"s, 46s lldi "475, 46s lOd, 465, 46s 7d, 45s lid, 45s lOd, and Long-term D, 30s; .National-rßankiof, New Zealand, 80s 80s 6d; Bank of Australasia ;(cum div ) ~ 3 1?.. ex div., £9 18s, £9 17s 6d; Bank of New South Wales, £27 los, £28 ss; Commercial of. Australia,;l4s 9d, 14s lOd 14s Bd, and preference; £7-3s'; E.S. and A. Bank, 94s 9d, 9os, 95s 3d, 94s 9d; National of' Australasia (£s),' ; £s 16s 6d, £5 15s 6d; Commercial Banking Co of Sydney, £15 7s, £15; Union Bank, £7 ' 15s, £7 16s 6d, £7 16s. £7,15s 9d, £7 16s. '■ Insurance companies' shares held their own. Queensland had buyers at 43s to 43s 6d, sellers quoting 475, and A.P.A.'s had unsatisfied buyers at 4s 6d. Sales were reported as follows:— ■• New Zealand Insurance, 435, 42s 9d 435; South British, 57s 3d, 575; National Insurance, 15s, 14s lOd,' 15s, 14s 9d; Standard Insurance, 50s. ■ \ Financial and pastoral companies' shares were rather quiet. New Zealand Loan and Mercantile had inquiries at £50, but sellers declined to quote below £60. Wellington Trust and ; Loans were wanted at ' 97s 6d,"with no sellers. -Newton King (pref.) had buyers at 2s, but no lower quotation: by sellers than 10s. Sales? were reported as follows:— Dalgety and Co., £8 Us; Goldsbrough Mort, 24s 4d; New Zealand Guarantee Corporation, 5s 6d; Wright, Stephenson (pref.), 15s; Traders' Finance, Auckland (7s 6d pd.), 2s 6d; Farmers' Auctioneering (A pref.), 15s. ■. COAL, GAS, AND OTHER SHARES. Coal mines, regarded as investments, were rather quiet, tut' Pukeiniros were sought at -245, and Taupiris at 12s. West-port-Stocktons (ord. and pref.) had buyers at 7d and Is 3d, sellers asking Is and 2s respectively for these shares. Gas shares had a quiet market, with buyers of Christchurch at 24s 9d, also sellers of. Wellingtons at 31s, but no bids recorded. Brewery shares attracting investors' notice were Carlton at 28s, Tooheys at 18s, and Tooths at 30s, and sellers were prepared to approach these prices. Not much business was done in this section. The meat market was quiet: Buyers wanted Canterbury Frozen Meat (pref.) at 82s 6d, sellers quoting 90s. Wellington Meat Export (pref.) had buyers at 16s 9d, but no declared sellers. Industrials generally were Sulet-., Timber shares wanted included Leyland^O'Bnens at 19s. Business done in the above and in the miscellaneous sections of the share list was reported as lollows:— ' . t : Westport Coal, 12s, 6d; Kaitangata Coal, 16s at par. ■ • . Auckland £as, 21s 6d. . . New Zealand Bre.weries, 28s 4d, 28s 6d 28s, 28s 3d, 28s ad, 28s 3d, 28s 2d; Staples Brewery, 26s 3d. - Gear Meat, 355; New Zealand Refrigerating (£1), 10s 9d, lls, and (10s) 3s Bd, 3s ad; 3s 8d: / * ;"" :*'■■: : Wellington Woollen (ord.), '£5 6s £5 OS. Australian Glass, 38s 9d; British Tobacco (cum. div.), 30s 6d,. 30s 9d, 31s, 31s 3d; Burns, Philp, 43s 6d; Colonia . . Sugar, £47 17s 6d, £48 ss; -Duhlop'Perdriau (ex.divlT,'l4s Bd, 14s 6d; Electro-(or-d.h 16s SdrFarirters'^Fertiliser, 16s . 8d; Henry Jones .Co-op; . 29s 9d, 30s; New Zealand Paper Mills, 21s 3d; Union %*'%* Wo,<> l?; orths (pref.), 265, 26s !& IT' J 7' S°l- S dement, 33s 6d, 33s 9d, 33s 6d; Zealandia Soap, ss.