STOCKS AND SHARES

Evening Post, Volume CXV, Issue 82, 7 April 1933, Page 10

STOCKS AND SHARES

IMPROVED INQUIRY

A BUSY WEEK

SYDNEY, April 6. On the Sydney Stock Exchange today all sections displayed strength. Price movements were small, but generally in holders' favour. Banking, insurance, and steamship'shares presented a steady front., British" tobacco, Tooth's, and Australian glass moved higher. Sales.—Bank of New South Wales, £30----2s 6d; Bank of Australasia, £10 12s M; National Bank, £5 paid, £5 18s 6d; Col-1 onial" Sugar, £55; 'Associated News, 7s 6d; Burns, Philp,' 50s; Australian Oras, £6 18s; British Tobacco, 3ia 9d; Tooths, 36s l%d; Toohey's/'2os 9d;; Australian. Glass, New Zealand delivery, 475; ditto, New Zealand delivery, 47s 3d; Goldß-bi-jnugh Mort, 23s 6d; Broken Hill Proprietary, 30s; North Brokens, 62s 3d; Soutli Brokens, 42s 6d. MELBOURNE, April 6. Today's sales ■•" included.—Commercial Bank of Australia, ,pref., £8 13s; Goldsbrough Mort, 23s 3d; Dunlop-Perdriau, 17s 2d; Australian Glass, 47s 3d; Mount Lyell, 18s Od. ." ■ "Evening Post," April 7. Business.in Government loan stock and bonds this week was small, as the report of sales will show, and as was to be expected' while ■ the conversion process was being undertaken, but sales have already been made of 'newly converted Government securities and these are very firmly held.' • Investors' attention has also been iocused on bank and insurance shares, and prices for them show a general hardening and in some cases a slight increase in prices obtained for them last week. Business done in other shares also shows an improvement with increaed inquiry. Sales of Government stocks' and bonds were reported as follows: — "3% percent. Stock (1938-52),. £97 12s 6d; 4 per cent. Sfopk (1946, JFebruary), £99 10s; 4% per cent. Bonds (1938), £98; 6% per cent. Stock (1937, February), £99;' 5% per cent. Bonds (1937, February assented), £99 7s 6d. • Local authorities, various issues, too, had a good inquiry for city loans, and among them may be quoted 5% per cent. Wellington City (1940), £98; 5%' per cent. Christchurch Drainage (1938-73), £100; 5% per cent. Auckland City (1944), £98 10s; 6 per cent. Auckland Harbour • Board (1941), £100; 4% per cent. Eastbourne Borough (1934), £96, of'all of which there were no declared sellers. Sales of local body debentures were reported as follows: ! 5% per cent. Wellington • Harbour ' Board (1940), £99 10s; 5% per cent: ' /Auckland City (1957), £98 10s;/5% per ! cent. Auckland Hospital Board (1935), £96 10s, £96 12s 6d. Among the company debentures inquired for during the week may be mentioned 6V2 per cent. Glaxo (1945), £70; 6% per cent. New Zealand Refrigerating (1935), £90, with sellers at £95; 6% per-cent. Westport-Stockton Coal (1933), £45, sellers, £62 10s; 8 per cent. Wellington Racing Club (1935), £90; and 6% per cent. Gisborne Sheepfarmers (1941), £67. No sales of company debentures were reported. BANKS, INSURANCE, FINANCE. Sales were reported of shares of all the banks usually figuring in this market. Others having inquiry were Commercial of Sydney, at £15 5s 6d, with sellers at £15 14s; and National of Australasia, £5 paid, at £5 15s 6d, holders of which wanted £5 18s. Sales were as follows:— Bank of New Zealand, ,44s 4d, 44s 6d; . 44s 9d, 44s Bd, 44s'9d, 44s 7d, 445:9 d; National of New' Zealand, 67s 6d; Bank of New South. ■Wales," £29, £28 19s, £29, £28 17s 6d; Bank of Australasia, £10 2s 6d; National Bank of Australia (£10), £12.3s 6d; Commercml:of, Australia (ord.), 14s, 14s Id, 14s 2d, ,14s Id, 14s 3d, and. (pref.) .£B:7s 6d; E.S. and A. Bank, 86s, 85s;. Union 'Bank of Australia, £7 75.; » •■ '.' . : ' . . Insurance companies''shares in demand and of which no sales were reported included Standards,. ' with buyers at 50s. There were sellers of Queenslands at 535, Uniteds at £9, Mercantile Mutual at 18s, and Australian Provincial at 8s to 9s. Sales were reported as follows:— New Zealand Insurance, 48s, 48s 3d; South British, 63s 9d, 03s 6d, 63s ?d, 64s 3d; National, 16s 6d, 16s sd. ■ , , . Financial-and stock and station companies'- shares attracted a little 'more notice than usual. Dalgety'-s had buyers at £7 10s, sellers wanting £7 15s. " New Zealand Guarantee Corporations' were in request at 4s 6d to 4s lOd, with' holders askingi 5s 6d to 5s 9d. Sales in .this sec tion were reported as follows:—-. New Zealand Loan, and Mercantile (ord.), £37 10s, £38; Goldsbrough Mort, 22s 7d, 22s 9d; National Mortgage, 30s 9d; Farmers' Co-op., Auction'g (3 p.c. pref.), 14s 6d; United Building (cum. div.), :155,. 15s 6cl; Wellington' Investment Trust and Agency, 4s.' : COAL, GAS, AND OTrfER. Westport Coal shares had • buyers at 12s to 12s 6d, with sellers at 13s 6d, and Grey Valleys were wanted at 10s to 12s fid, but the 10-west sellers' quotation was 15s. Some business was done in city, gas shares. Shipping shares wanted included P. and O. deferred at 18s to 18s 6d, with no sellers quoting. Huddart, Parker ordinary shares were in demand at 28s 3d to 295, "holders'asking 31s. Northern Steamships were also, wanted with bids of 6s fid for ordinary and 2s Od for contributing, sellers asking 8s and 3s 2d respectively. Meat company shares attracted a little more attention than usual. Canterbury preference had buyers at 88s, but sellers stood out for £5. Breweries like■vviso came in for a little more notice this week, and prices paid showed improvement. Carltons were in request at 34s Od, sellers asking 365. Tooheys had buyers at 19s 3d, but no sellers; and •Queenslands were inquired for at 22s od, holders quoting 255. Woollen mill shares wanted included ■ Wellington ordinary at £4 19s and preference £5, with no sellers. Kaiapois (17s paid) were wanted at 2s 9d. Sales of shares in the sections above referred to were reported as follows:—. Coal;—Taupirr (ord.), 13s 3d; Kaitangata (16s paid), 20s. Gas.—Auckland, 21s Id, 21s 3d; Wellington, 30s; Christchurch (10s paid), 12k. ■ • • Shipping.—Huddart, Parker (pref.), 23s 6tl; Union Steam Ship (pref.), 22s 3d, 21s 6d. _ Meat.-M3ear Meat, 27s 6d; Southland Frozen Meat, 43s 6d; N.Z. Refrigerating (10s), 3s od, 3s o%d, 3s Od; and (£1), 10s 4d. Breweries.—N.Z. Breweries, 27s 4d, 27s sd, 27s lOd, 27s lid, 28s, 28s Id; Staples, and Co., 22s Od, 22s Od; Tooths, 35s sd. Woollens.—Mosgiel, £8 6s 6d, £8 ss. Business transacted in the miscellaneous section covered a wide field, and ■ sales were reported as follows:— Miscellaneous.—Amalgamated Wireless (contrib.), 22s 6d; Australian Glass, 45s 3d; Beath and Co. (Is paid), 2s Od; British Tobacco (ex div.), 33s lid, 33s Bd, 33s 7d; Dunlop Rubber, IBs lid; Dominion Fertiliser, 10s 3d; Colonial Sugar, £54 ss, £54 7s 6d; D.I.C. (10s), 10s; Electro. Zinc, pref., 28s 6d; Farmers' Fertiliser, 15s 6d; 15s 9d, 16s; Henry Jones Co-op., 37s 2d, 37s 3d; N.Z. Drug, 635, 62s 9d; Whittome, Stevenson, Auckland, 14s; Wilson's Cement, 31s 3d, 31s Od, 325; Mount Lyell, 18s lOd, 18s 7d, 18s 6d, 18s Od, 18s Bd. ' ,