PRODUCE & MARKET REPORTS FROM DAY TO DAY

Evening Post, Volume CXV, Issue 70, 24 March 1933, Page 10

PRODUCE & MARKET REPORTS FROM DAY TO DAY

STOCKS AND SHARES

PRICES REMAIN FIRM

IMPROVED TONE

"United Press Association—By Electric Tele-

graph—Copyright.

SYDNEY, March 23.

There was fairly heavy dealing in Commonwealth Bonds at higher rates on the Stock Exchange today; otherwise little change was seen. The market was steady. Sales: Colonial Sugar, £54 15s; Associated Newspapers, 6s 6d; Howard Smith, 9s; British Tobacco, Melbourne register, 34s 10% d; Tooth's Brewery, 355; Toohey's, 20s 3d; Morris Hedstrom, 18s; Dunlop-Per-diiau, 17s 3d; ditto (pref.), 32s 3d; Goldsbrough Mort, 23s l%d; Winchcombe Carson, 235; Henry Jones, 37s 9d; Victoria Nyanza, 14s 6d. MELBOURNE,' March 23. Sales today included Goldsbrough Mort, 235; British Tobacco, 34s 9d; Herald-Times, 57s 6d; Bank of Australasia, £10 ss; Taranaki Oil, 2s 3d. "Evening Post," March 24. Investors are just now focusing their attention on the Government loan conversion scheme, but the market shows a generally firmer tone, and bank and insurance shares are in good demand. A little more attention is now being paid to industrial shares than for some months past. Uncertainty in conditions overseas is by no means unwai-ranted, but there is an undeniably improved feeling experienced in the Dominion, taking Stock Exchange business as a reflector. Prices for primary products continue very low, but . the export season is likely to be prolonged beyond the second quarter of the year, and by that time an improved tone in the butter and wool markets may be possible. Nevertheless, the international political atmosphere is far from clear. Business in Government loans has been brisk all the week, as the following reported sales will show: — 4% per cent. Stock (1938), £96 15s, £96 17s 6d, and Bonds, £90 15s, £97, £96 15s, £97, £97 15s; 4% per cent. Stock (1939), £96 15s, and Bonds, £97; . 4% per cent. Bonds (1941), £96 ss; 5 : per cent. "Stock (1940), duty free, £96; ;-. 5% per cent. Bonds (1933), £96 10s; 5 per cent. Stock (1937), £95 7s 6d; 5% : per cent. Stock (1941), £96 12s Gd; 5% per cent. Stock (1936), £98 ss, £98, £97 ■■•• 15s,' and Bonds, £98 as; 5Vz per : cent. Stock (Feb., 1937), £98, and ' Bonds, £98 ss, £98; shi per cent. Stock (Sept., 1937), £98 ss, £98, and Bonds, £98 7s 6d, £98 ss. Local. body loans inquired for include the 5% per cent, issues of all four cities at £98, loans maturing during 1944 except tor Wellington, the due date of which is 1940. There were no disclosed sellers at S9B. Sales of local body loans have been I ;ported as follows:— 6 per cent. Auckland City (1942) £100; 5% per cent. Auckland Power Board (1946), £99 10s; o IA per cent Auckland Power Board (1945), £99; 5% per cent. Auckland- Hospital Board (1935), £97. Company debentures were somewhat neglected, but buyers were offering £65 for the 6% per cent. (1941) issue of Gisborne Sheepfarmers, and early in the week 6& per cent. Wellington Gas (1941) >vere in demand at £101 to £101 10s. BANKS, INSURANCE, FINANCE. Bank shares had a good inquiry, and all of them usually figuring in the sales changed hands. Bank of Austarlasias improved in demand from £0 7s to £9 12s 6d, but there was no reported quotations from sellers. The long term or D shares of the Bank of New Zealand were ■wanted at 295, but were firmly held. Business transacted in bank ...shares during the week has been as follows:— Bank of New Zealand, 43s 6d, 43s 9d, 43s 7d, 43s 6d, 43s 7%d, 43s Bd, 43s -9d; National Bank of New Zealand, 655; Commercial of Australia, 14s 3d, 14s 4d, 14s 2d, 14s Id, and (pref.) £8 3s, £8 4s, £8 3s, £8 3s 6d; Bank of New South Wales, • £29, £28 12s 6d; National of Australasia (£5), £5 15s; E.S. and A Bank, 86s, 85s; Union Bank, £7 6s, £7 6s 9d, £7 6s, £7 6;s 9d. Insurance shares were on a good market and generally at rising prices, the following sales being: reported:—■ New Zealand Insurance, 47s 3d, 47s 6d; South British, 62s 9d, G2s 6d, 635; National, 15s Gd, 15s 9d; Australian Provident Assurance, 8s 9d; Standard, 50a 6d; Queensland, 525, 51s 9d. Financial and stock and station companies' shares were quiet, the following sales being reported:— Goldsbrough Mort, 235. 3d. 235, 22s 10% d; Were's Investment Trust (unlisted), 3s 3d. COAL, GAS, AND OTHERS. Interest in coalmining shares has been dormant for pome time past, but it now shows signs of improvement, and several sales have been reported, as will be noted hereunder. Gas shares, too, have elicited a little more inquiry tbis week, withWellington (ord.) wanted at 29s 3d and (pref.) 18s 6d. Shipping shares are still quiet, but orders were in the market for Union Steam (pref.) at 21s and P. and O. (deferred) at 18s. Meat shares are neglected, but inquiry for Gears at 25s ■were met with a quotation of 265. Breweries attracted fair attention and fairly large parcels changed hands during the* week. Sales in the sections above referred to were reported as follows: — . Coal.—Westport, lls 3d, 11s 6d; Grey Valley, lls Gd; Taupiri (ord.), 13s, 13a i!d. ' ■ ■■'.'' i Gas.—Auckland, 21s Id, and (contrib.) IJSa 6d; Christehurch, 265. • ■ j Shipping.—Huddart-Parker (ord.), 28s OH: Devonport Ferry, 18s 6d. Meat.—New: Zealand Refrigerating (£1 mid), 10s 3d, 10s 4%d, 10s 3d, and (10s liaid) 3s Ba. , . i Breweries. —New Zealand Breweries, 2j7s 3d, 275, 27s 3d, 27s 2d; Tooths, 34a £id; Staples and Co., 22s 7d, 22s Bd, 22s 6 Id, 22s Bd. INDUSTRIAL AND OTHER. IJusiness done in industrial shares was rather limited, but woollens attracted sorbe attention with -unsatisfied orders to bu;r-. Mosgiels at £7, raised to £7 10s towards the close of the week. Timber shakjes were in poor • demand. Business as :a3ported in industrial and other shares thiiß; week was as follows:— ■ (Woollen.— Wellington Woollen (ord.), iio Is. .General.—Australasian Paper and Ijnlp, 31s 3d; Australian Glass, 44s Gd, 4te; British Tobacco, 33s 9d, 33s lOd; Mational Tobacco (unlisted), GOs 6d; Cfcdonial Sugar, £54, £54 2s Gd, £54 sg, its 42s 6d; .Dunlop-Perdrjau, 16s 9d; 1 Hectrolytic Zinc (pref., cum. div ) 28s 2 8s Id, 28s 2d, 28s Id, 28s 3d, 28s IIV-d----1 farmers' Fertiliser, 15s 3d; Dominion I Fertiliser, 10s 3d; Henry Jones Co-op 3 |Bs 6d, 36s Bd, 36s 9d, 30s 7d; New Zea1. wd Drug, 62s 6d, 625; New Zealand I taper Mills, 20s 3d; New Zealand Newsphpers, 225; Union Oil, Auckland, 25s 6 d; Whitcombe and Tombs, 58s- Wils ph's Cement, 29s 9d, 31s; Woolworth 11. Z., pref.), 3s 9d; Milburn Lime and Clement, 24s 6d.