STOCKS AND SHARES

Evening Post, Volume CXIV, Issue 97, 21 October 1932, Page 10

STOCKS AND SHARES

GILT-EDGED FAVOURED

A WEEK'S TRANSACTIONS

United Press Association—By Electric Telegraph— Copyright. , SYDNEY, 20th October. . There was a very heavy turnover on the Stock Exchange to-day, with strong inquiry for sound industrials. Price • movements showed little change. Sales: Union Bank, £9 10s; Commercial Bank of Sydney, £17 10"s; Bank N.S.W., £32 7a 6d; E.S." and A. Bank, £5 ss; Colonial Sugar, £55 17s 6d; United Insurance, £9; Burns, Philp, 50s; Electrolytic Zinc, 19s '3d; Australian Gas A, £6 17s 6d; Tooths Brewery, 375; Tooheys, 235; DunlopPerdriau, 18s 4%d; Australian Glass, 465; Goldsbrough, Mort., 28s l%d; British Tobacco; 36s- lOHd; Mt. Ly'ell, 25s 3d; Taranaki Oil, 2s> 8d; Broken Hill Pty., 28a 9d. ' ■^.p-^m ■••*.- -•■ :;■■ -. • '-.'•..- MELBOURNE, 20th October. Sales: Commercial Bank o£ Australia, 17s 3d; Goldsbrough, Mort.,. 28s; Carlton -Brewery, . 375; Australian Glass, • 465; British Tobacco, 37s 3d; Electrolytic Zinc, 19s 3d; ditto, pref., 30s 9d; Dunlop-Per-driau, 18s Id; North Broken Hill, 765; Mt. Lyell, 24s IOHd. ' "Evening Post," 21st October. Attention of investors appears to have been focused this week- principally on Government Stocks and Bonds. Bank shares continue to be in favour -with a sharp rise in those of the Union Bank. A fair amount of business was done in bank shares in general. Insurance shares were in steady demand, and prices remain ■firm for these. The Government Stocks and Bonds haying inquiry but of which no sales were recorded included,4% per cent. Bonds ' (1941) at £94 10s to £95 15s and 5% per cent. Stock (1951) at £99 12s 6d. Sales of. Government debentures were recorded as'follows :— 4% per cent. Stock (1938), £96, £96 ss, £96 10s, and Bonds, £96, £96 2s 6d, £96 10s; 4% per cent. Stock (1939), £95 17s 6d, £96, £96 ss, and Bonds, £96 ss; 5 1-8 per cent. Stock (1937), £96 10s, £96 12s 6d;. 5% per cent. Stock (1933), £98 15s, £98 10s; 5% per cent. Bonds .(1936), £99 17s 6d; 5% per cent. Stock (1937, Feb.), £99 12s 6d, £99 11s 3d, £99 15s, £99 17s 6d; 5% per cent. Stock (1937, Sept.), £99 15s, £99 17a 6d, £99 10s, £99 17s 6d. Local body loans having inquiry were 5% per cent. Wellington Harbour Board (1940) at £99 15s; 6 per cent. Auckland Harbour Board (1941), at £102; 5% per. cent. Auckland City (1940), at £95 10s. Company debentures had improved inquiry, and bids were made for the following:—6%'per cent. Wellington Gas (1941), £100, sellers £101 10s; 6 per cent, and 6hi per. cent. Auckland Gas (1942 and 1935) at £103 and £99 10s .respectively; 6 per cent. Wright, Stephenson second lien pref. stock-'at. £55, sellers £75; 6% per cent." Glaxo (1945) at £75, sellers £82; 6% per, cent. Gisborne Sheepfarmers (1941), £71 to £75, Sales of local body and ' : company debentures were as follows:— 5% per cent. Auckland Harbour Board (1948), £98 os; 5% per cent. Auckland Harbour Board (1939), £97; 6 per cent. Auckland Harbour Board (1941), £102 15s; 5 per cent. Auckland Drainage r(1936), £98 10s; 6 per cent. Waitomo County (1945), £98; 5 1-8 per cent. Bank <jf New Zealand (Feb.-Aug., 1939), £97 10s; 5% per cent. Waimairi ' County •'(1939)-, £97. , BANKS, INSURANCE, FINANCE. ißank" shares in demand included Bank of Australasia at £10 to £10 2s, sellers quoting £10 ss; National of Australia (£10) were in demand at £11 lla. Sales of. bank shares were reported as follows:— < Bank of New Zealand, 465, 45s Il%d, 465, 46s 3d, 46s Id, 46s 2d, 46s 3d, 465, '46s 2d, 46s 3d, 46s 4d, 465. sd, 465, 46s 3d, 46s 4d, and'D Long Terni, 29s 6d; National Bank of New Zealand, 80s, 79s 9d,- 80s, 80s 3d; Commercial Bank of Australasia, 14s 6d, 14s Bd, 14s 7d, 14s 6d, 14s 7d, 14s Bd, 14s lOd, and pref. £7- 10s; Bank of New South Wales, £28 10s; Union Bank, £7 18s, £7 18s •;3d, £7 18s 6d, £8, £8 Is, £8 Is 6d; I'E.S. and A. Bank, 945, 93s 6d, 94s 3d, ;»94s 6d, 945; Commercial Banking Co. of Sydney, £15 os. £15 4s; .National of Australasia (£5), £5 16s 6dL . Insurance' company shares continue in favour, and show some firmness on the ■week. Queenslands had buyers at 43s to 445, holders asking 475. Standards had buyers at 475. sellers asking 508. Sales were as follows:— New Zealand Insurance, 435, 43a Id, .43s 3d; National, 14s 7d, 14s 6d, 14s 7d; South British (cum. div.), 575; Australian, Provincial, ss. Pastoral and financial companies' shares ■were in fair demand. New Zealand Loan and Mercantiles were, wanted at £52, sellers asking £58 to £60; Wellington Investment Trust and Agency had buyers at 7s 3d. There was a market for New Zealand and River Plates at 20s, with sellers at 22s 6d. Business done in this section was as follows:— • . ■ Dalgety and Co., £8 10s; Goldsbrough Mort., 245, 24s 6d, 245-7 d, 24s 4&d, 24s !.7d, 24s Bd, 24s 6d; Wellington Trust aiid .Loan, £5; United Building, 14s 9d; •Wellington Deposit and Mortgage, 8s ■'■ba; New Zealand Guarantee Corporation, os 6d. • • ■ INDUSTRIAL AND OTHERS. Turnover in other shares has been moderate in dimensions. Coal 'mine shares lor which there were inquiries included Urey-Valleys with buyers at 9t, sellers quoting ; 15s; Pukemiros at. 23s 6d, and laupins at 11s. Gas shares were in fair demand, Christehureh being wanted at 24s 6d, and sellers, willing to accept 255; Wellingtons (ord.. and pref.) had buyers at 30s 3d and 17s respectively, holders not quoting. Shipping shares met a quiet market, but there were orders for P. and O. deferred at 20s to 21s 6d, and for Union Steam (pref.) at 20s to 20s 3d. Huddartlarkers had good inquiry at from 25s to 275, sellers quoting from 29s to 30s. Timber shares inquired for were Nationals at 4s, with sellers at 7s, and Bartholomews at 9s and no sellers. Woollen company shares wanted included Mosgiels at £6 to £6 los, but firmly held. Trade in meat shares was quiet, probably on account-of the labour difficulty in the North Island. Brewery sha.res attracted some attention, and prices, if anything, hardened during the week. The sales reported in the sections above referred to were as follows:— Westport Coal, 12s 6d. Auckland Gas, 21s 6d, 21s 3d. ►. "Kauri Timber, 12s 7&d; LeylandO'Brien, 19s Bd. Wellington Woollen, ordinary, £5 ss. New Zealand Refrigerating (£1), 10a 9d, 10s od, 10s 4d, and (10s) 3s 4d. 3s 3d, 3a Id, 3s 2d. N.Z. Breweries, 28s 3d, 28s 4d. 28s 3d; Staples and Co., 275; Tooth's Brewery, 31s 6d, 32s 2d, 31s. 9d, 32s 3d. Among shares inquired for in the miscellaneous section' were Beath and Co., 21s 6d; Burns Philp, 42g 6d to 43s 3d; Consolidated Brick, 3s 6d; Dental and Medical, 5s 3d; D.1.C., (pref.), 19s 6d; Donaghy Eope, 30s; Henry Jones Co-op., 30s 3d to 31s; Woolworth (pref.), 25s 3d to 25s 9d. Sales in this section of the lists were reported as follows:— Australian Glass, 395, 39s 3d, 39s 6d; British Tobacco,.3ls 9d, 32s 3d; Colonial Sugar, £48 ss, £48 15s, £49; DunlopPerdriau Rubber, 14s Bd, 143 lOd. 14s lid; Electrolytic Zinc (pref., cum div.), 25s lid, 266, 26s 4%d, 268 7d; Farmers' Fertiliser,' 16s 7d, 16s 6d; N.Z. Drug, 59s 7d; Wilson's Cement, 31s 6d.