STOCKS AND SHARES

Evening Post, Volume CXV, Issue 64, 17 March 1933, Page 10

STOCKS AND SHARES

GILT-EDGED WEAKER

BUSINESS OF THE WEEK

: SYDNEY, March 16. :, On the Sydney Stock Exchange today ; there was a fairly active market. Prices ' fluctuated only within narrow limits. The i trend of -values favoured holders of sound ; industrial stocks. Commonwealth. Bonds ; eased a trifle. ; Sales.—Bank of New South Wales, £30; Commercial Banking Co. of Syduey, £15 12s 6d; Australian Glass, 45s 6d; British ' Tobacco, 34s 3d; ditto, New Zealand de- , Jivery, 34s 3d; British Tobacco (pref.), : 26s 7%d; Associated Kews, 5s lid: ditto, ' New Zealand delivery, os lid; Goldsbrough, Mort/23s Hid; Dunlop-Perdriau . (pref.), '. 32s 6d; Henry Jones, 37s 9d; Electrolytic , Zinc, 16s 6d; Toohey's (ex div.), 20s 6d; - : Victoria Nyanza Sugar, 14s; Broken Hill ! Proprietary, 28s 6d; South Broken Hill • 455; North Broken Hill, 665; Common- ; wealth Bonds, 4 per cent., 1938, £102 16s ■ 3d; 1941, £102 lGs 3d; 1944. £103 2s 6d; 1947, £101 16s 3d; 1950, £101 10s; 1953, £101 16s 3d; 1955, £102 ss; 1957, £102 : 10s; 1959, £102 17s 6d; 1961, £JOl ss. 4 ' ■. MELBOURNE, March 16. Sales today included Goldsbrough, Mort, * 27s 3d; Duulop-Perdriau, 17s 4<l; Myers, ; 27s 3dj Herald and Weekly Times, 57s 6dj North Broken Hill, 68s 3d. ,' "Evening Post." March 17. ' Business on the New Zealand exchanges during the week has been fairly active, going by the number of sales recorded and including some of the shares not included ; in the official lists, Government stocks and ilionds have changed hands freely, but i.show a slight fall-in price on the week, ,; and the course of the market will be'seen I In the prices realised day by day- as set ■out hereunder. Bank shares continue to f have good inquiry and are generally firm at 'last week's quotations. The prices of i shares in Dominion insurance companies iave a tendency, to rise.' Sales of New Zealand Government :T6tocks and bonds as reported this week 'are as follows:— • iVz per cent, stock (1935), £06.17s 6d, • £97, £96 15s, £96 17s 6d, £96 15s, £97, .. £96 15s, and bonds £97, £96 los; 'V& 1 per cent, bonds (1939), £90 15s, £97; : 4% per cent." bonds (1941), £97; 5 per • cent, stock (1940), £97; 5% per cent. , .stock (1933), £97 7s Gd;-5% per cent. stock (1930), £98 10s, £98; 5 l& per cent. • stock (1937, Feb.), £98 10s, £98 7s 6d, r £98, and bonds, £98 los, £98 10s; 5% ■•• per cent, stock (1937, Sept.), £98 10s, • £98 ss, £98, £98 ss, £08, and bonds, ■" £93 15s, £98 10s. " ' Local body debentures are freely quoted by. sellers, but buyers appear to be scarce. Company debentures for which there have .been a demand include 6% per cent. Glaxo (1945) at £70; 6% per cent. New Zealand ■Refrigerating (1935; at £92 los, sellers £95 10s; 6% per cent. Westport-Stockton ;-Coal (1933) at £45, sellers £85; 6% per :-ccnt. Gisborne Sheepfarmers (1941) at ■'£65, with no and 6 per cent. Wright, Stephenson" second lien at £55, "with no declared sellers. . ' BANK?,. INSURANCE, FINANCE. Bank shares having inquiry during the ■week but of which no sales were notified included National of Now Zealand at 64s to 665, sellers asking 6Ss 6d. Bank of Australasia shares cum. dividend were in demand at £9 7s 6d to £9 10s without -eliciting quotations from holders. Union ■Banks were firmly held for £7 8s to £7 11s. Bank of Adelaide could have been for £5 los. Sales of bank. shares '-': appear hereunder. Insurance shares in- ', quired for included A.P.A.'s at 7s 6d \o ,7s 9d, holders asking.9s. 6d; Nationals had : buyers at IS§ to los 6d, but sellers wanted 16s. Queenslarids had buyers at 51s, but there were no. quotations from sellers. Stock and station and financial company : shares were not in keen demand. How- ,' ever, .£33 to £35 iwas; offered for New {.Zealand Loan and Mercantile preference, but sellers wanted £45. National Mort- .■ gage B shares were in demand at 15s, with ; no sellers;, but holders of A shares in 1;• . this. company were willing to quit at .■■•-38s. The business done in banky insur- ; .ance, and financial shares was. reported ■- as.follows:— •' Bank of New Zealand, 43s 6d, 43s 9d. 43s 4%d, 43a 7%d> 43s 6d, 43s 3d, 43s 6d. 43s 4%d, 435, 43s sd, 43a- 6d, 43s 4%d, Bank;of New South Wales, £29, £28 12s 6d, £29, £29 2s 6d, £29; Commercial of Sydney, £15 Is 6d, £15 5s , . £15; E.S. and A. Bank, 87s 6d; Com- ■■ mercial Bank' of Australia, 14s 2d, 14s Sd; National of Australasia (£10), £12 2s 6d, and (£5) £5 14s; New Zealand Insurance, 46s 6d, 475; South British, 61s 3d, 625; Standard, 50s 6d; Dakety • £7 10s 6d; Goldsbrough Mort., 22s 6d' 22s 3d, 22s 9d; New Zealand Guarantee .. Corporation, 5s 6d; United Building - (Christchurch), 15s 3d. ' INDUSTRIALS AND OTHERS. With mortgages and landed and buildIng properties definitely out of favour as investments opportunity appears to be ''*? *? to stUi C! y closely the prospects of the best industrial and other companies, ■whose shares are officially quoted. Coal ' mine shares have only a moderate inquiry, Grey Valleys and Taupiri ordinaries having bids of 7s and 12s 9d respectively. . Gas shares ,are looking brighter this week, with inquiries for Gisbornes at 3s 6d and Napiers (£lO paid) at £7 10s, and sales made of city gas companies' shares Shipping shares offer a limited assort.ment, but there were unsatisfied buyers of P and O. deferreds at 18s to 18s 6d and Union Steam (pref.) at 20s to 21s. i Meat shares do not appear attractive at : the moment, but there Svere ordei-3 in the market for Canterbury Frozen Meat at 90s, and no sellers quoting. Brewery shares were in good demand at. current --, .prices, with buyers of "Carltons at 31s 3d, Queenslands at 235, and Staples up to __ ,22s 4d. More interest was shown in the timber market last week than hitherto. Nationals were wanted at 2s 3d, but were held for. 6s. Woollens were in favour with buyers with Mosgiels at £7 up to £7 10s; r Wellingtons were also, in demand at £5, and Kaiapbis (17s paid and preference) wanted at 3s 6d, and 4s 9d i respectively. No sales were reported. Business done in sections above referred to and in. the miscellaneous section was . reported as follows :— ~ Coal.T-Westport Coal, ' 11s' '3d; Kaitangata (16s paid), 19s, 19s 3d. Gas—Auckland, 20s 9d;- Wellington (ord.), 29s 6d; Christchurch (10s paid), 12s, 12s Id. • • ; Shipping.—Huddart-Parker (ord ex div.), 28s 6d;• Devonport Ferry, 18s 6d Meat.—Gear Meat, 265; N.Z, Refrigerating (£1), 10s od. Breweries.—N.Z. Breweries, 27s 7d, 27s 9d, '27s 7d, 27s od, 27s 6d, 27s 4d, 27s 6d, 27s 3d; Tooths, 3.3s 9d, 345, 34s Id; Timaru (7s 6d paid), 2s. x- Timber.—Bartholomew, 9s 9dr Kauri, 10s 6d, 10s 3d. Miscellaneous.—Australasian Paper ' and Pulp, 31s 9d; British Tobacco (cum div.),, 335, 33s 2d, 33s Id, 335; Colonial Sugar; £54 2s 6d,' £54. £53 17s 6d; . Dunlop Rubber, 16s lid, 16s lOd; Dominion Fertiliser, 10s; Electro. Zinc (pref.); 28s 3d, -28s l%d, 28s 3d, 28s, and (ord.) 15s 9d; Farmers' Fertiliser, los, 15s 3d; Henry Jones Co-op., 36s 9d, 375, 36s 6d; N.Z. Drug (cum div.), 60s 9d; N.Z. Paper Mills, 20s 3d; New Zealand Newspapers, 20s 6d, 20s 9d, 21s, 21s 3d, 225; Woolworths (N.Z.), pref., 31s 6d; /Wilson's Cement, 30s, 31s 6d. NEW FLAX PULP COMPANY. , , The Flaxgrowers' Pulp' and Cellulose , Products of New Zealand, Limited, has been registered'as a private company, to carry into- effect an agreement between ; John Wilfred Brown, the Provincial Flax- ' growers and Millers' Association, Limited, John Dean'and William R. Ingram, and E.-M. Ohlspnt" solicitor; to produce from phormiurn' tenax unbleached and bleached ' sulphite ceJKjJSse ,'p.u'lp. and to manufacture ' cellulose-products; to carry on the busi-j ness of chemists and spinners.l. The "Her-1 aid" states that the capital of the company is £25,000 in shares of £1 each. Subscribers: J. W. Brown, 22,500' shares; the Provincial Flaxgrowers and ' Millers' Association, Limited, 2500 shares.