TRADE AND FINANCE

Evening Post, Volume CXV, Issue 10, 13 January 1933, Page 10

TRADE AND FINANCE

PRODUCE & MARKET REPORTS FROM DAY TO DAY

STOCKS AND SHARES NEW YEAR BUSINESS GILT-EDGED DEMAND SYDNEY, 12th Jauuary. ■ The Sydney Stock Exchange turnover improved to-day without the market losing any of its general firmness. There was little alteration in Commonwealth bonds. •" Sales: Bank of New South Wales, £30 ,' 6s; Commercial Banking Co. of Sydney, ' £16 2s 6d; Colonial Sugar, £53; Dalgety, ' £7 16s 6d; British Tobacco, 31s 7%d; ditto, pref., 275; Dunlop-Perdriau, 17s 3d; Tooth's -Brewery, 35s 7%d;. Toohey's, 21s; Golds- : brough, Mort, 255; Australian Glass, 455; •'■■ Morris, Hedstrom, 18s 3d; Electrolytic 'Zinc, 18s; Nestles, pref., 31s 3d; Broken Hill Proprietary, 26s 7^d; Winchcombe, ; • Carson, 23s 3d. ;: ' MELBOURNE, 12th January. ' Sales: Dunlop-Perdriau, 17s 3d; HeraldWeekly Times, 57s 6d; Electrolytic Zinc •"' (ord.), ISs 3d. . '■'Evening Post," 13th January. A quiet tone, as is usual after the Christmas and Easter holidays, characterised ■ the New Zealand stock and share market, i but since the closing 5% per cent. Govern- . inent stocks and bonds (1937) have shown \ sin appreciation of approximately £2 10s, but the 4% per. cent, debentures are weaker by about. £1. Business done in ; Government debentures since 9th January, . /when the exchanges opened, has been reported as follows: — :, ' 4% per cent, stock- (1939), £93 10s; .i s%:per cent, stock (1933), £99; 5M per i cent, stock (1936) £99 ss; 5% per cent. J bonds (Feb., 1937), £99 10s; stock, £99 M2s 6d, £100 ss; 5% per cent, stock > (Sept,. 1937), £99 15s, £100, £99 10s, j £100 7s 6d. Local body debentures were in good demand. Company debentures inquired for included 6% per cent. Wellington Gas <1941) at £99 ids, and 6% per cent. Gisborne Sheep Farmers (1941) at £69. Business dSne in debentures other than Government was as follows:— 5 per cent. Eiffleton Land Settlement ■ bonds (1935), £92; 6 per cent. Wright, • Stephenson, 2nd lien perpetual stock, '•' £60. ' . " Bank shares showed > a slight improvement on quotations at the close of last year. For Australias £8 to £8 10s was bid; Commercial of Sydney had buyers at £13 15s, sellers quoting £15; National of Australasia (£10) were inquired for at £10 2s 6d; National of New Zealand were in demand at 60s. Sales of bank shares were reported as follows:— • Bank of New Zealand, 41s, 41s 3d, 41s 9d, 425; Bank of New South Wales, £26 i 7s 6d; Commercial Bank of Australia (cum div.), 14s Id. Insurance shares having. buyers were South British, 54s to 54s <3d, holders asking 555; Queenslands vrere wanted at 445, sellers quoting 47s 6d; Standards were in request at 425; and A.P.A/s at 5s 6d. Nationals were to be bought at 14s to 14s Id. Sales were as follows:— ." Insurance—N.Z., 41s, 41s 6d. Other shares wanted included New Zealand and River Plate, 18s: New Zealand Guarantee Corporation. 3s lOd; Auckland Gas, 21s 6d; Wellington Gas, 20s 6d; Christchurch Gas, 235; P. and O. deferred, ■ ' 16s; Taupiri Coal, 10s; Westport Coal, 10s; Henry Jones Co-op., 31s 6d; Amalgamated .1 Wireless (contributing), 19s; Mosgiel ■ Woollen, ; £6; Canterbury Frozen Meat, '80s'; Gear; Meat; 26sr New Zealand Refrigerating (10s and £1), 10s 6d and 3s 3d respectively. The business done in shares other than those of banks and insurance companies was as follows:— Dalgety and Co., £7 3s, and Goldsbrough Mort., 225; New Zealand Breweries, 25s 3d, and Staples Brewery, 21s 6d, 225; Devonport Ferry, 18s; Electro- ; lytie Zinc (pref.), 25s 6d; Kauri Timber, :9s; Australian Glass, 395; British ToJ bacco, 28s 6d, 28s 9d; Colonial Sugar, ' £4<J; New Zealand Drug, 565, 575. ( Among the buying prices quoted on the Auckland unofficial list may be notedWoolworth (N.Z.), 40s; Were's Investment Trust, 2s sd; New Zealand Newspapers, 19s; Auckland Farmers' Freezing Co. (£1), 10s; Napier Brewery, 15s.