STOCKS AND SHARES

Evening Post, Issue 122, 26 May 1933, Page 10

STOCKS AND SHARES

A BUSY WEEK

INVESTORS' DEMANDS

'nlted Press Association—By Electrlo Tele- ■ . ■ G^apb—Copyright. SYDNEY, May 25. 'On the Sydney Stock Exchange today .'' there was a sustained inquiry for front rank industrials, the market for" which was firmer. The gilt-edged group continued steady. Banks were quieter. j Sales: Commercial Bank of Sydney, £16; Colonial Sugar, £52 2s Od; ditto, •'New Zealand delivery, £58; Australian J Gas A, £7 2s; Associated News, pref., •'■lßs 10% d; British Tobacco, 35s l'/sd; Dun-j lop-Perdriau, ISs VM; ditto, pref, 33s 3d; ' Goldsbrough, Mort, 24s 9d; Tooth's, 36s 7 ]/2d; Tqohey's 225; Morris, Hedstrom, ~l7s 6d; Henry Jones, 39sJ Broken Hill ■^Proprietary, 32s 7d; South Broken Hill, Cs3s 6d; North Broken Hill, 77s 3d. ': MELBOURNE, May 25. Sales today included: British Tobacco, 35s 3d; Duulop-Perdriau, 18s 2d; Electrolytic Zinc, 18s sd; Mount Lyell, 21s XV l%d; Taranaki Oil, 2s Cd; South Broken ■'< Hill, 53s Od; North Broken Hill, 775. ~' "Evening Post," May 26. Business on the Stock Exchanges of '~ the Dominion this week has been fairly ."' brisk and the interest of investors spread '»' well over the lists. Government stocks ' ! and bonds continue in good demand, and ~: all above par, excepting the 3Vi per cent. •; issues, but buyers of these appear to be !.: eager to take them up as from £99 12s i,. Cd to £99 17s 6d. Sales effected during •■■.the week show a hardening tendency oi; ; . the market for 4 per cent, business done :; being reported as follows:— 4 per cent, stock (1940), £100 ss, ;:• £100 10s, £100 ss, £100 7s Gd, £100 .;;. 10s, and bonds, £100 10s, £100 Ss; 4 '•; per cent, stock (1946), £100 ss, and I!, bonds, £100 10s, £100 ss, £100 10s; 4 '[• per cent, stock (1949), £100 ss, and ■ bonds, £100 10s, £100 ss; 4 per cent. ;}. stock (1955), £100 ss, £100 7s Cd, £100 ;* 10s, and bonds, £100 ss. :* Local body debentures were also in ."'good demand, and the turnover in them ;;' has been relatively large, sales having ''been reported as follows:— ■" 5% per cent. Auckland Harbour Board '-: (1947), £102; 5% per cent. Christchurch :-: Drainage Board (1973), £102 12s 6d; 5% per cent.. Christchurch City (1940), £102; 5% per cent. Mount Eden Borough - (1864), £95; OV2 per cent. Wellington City (1938), £101 12s 6d; si per cent. Wellington City (1949), £100 10s; 5% per cent. Wellington Harbour Board (1940), £ KMT 15s. Company debentures have been freely offered and there has been a fair demand for them. The 6% per cent. Gisborne Sheepfarraers'. (1941) were in request at £70,; 6" per cent. Wright, Stephenson, second lien, were-wanted at £55; 6% per cent,. Glaxqs. (1945) had buyers at £70; 5% per ,c£nt. Booth, Macdonalds (1937) •were inquired for at £38. Sales of company debentures-.were notified, as follows: — •; '-&& 'per cent. Wellington Gas (1941), . £102; 6%.per, cent. Auckland Gas (1942), i £104 10s; iYi per -cent. New. Zealand ! Farmers' Co-op. (1940), £46, and 4% ! per cent. (1945), £45 10s, £46, £40 10s. ! BANKS, INSURANCE, FINANCE. Bank shares continue to attract investors' attention low as the return on market prices may be. For Bank of Australasia shares there were bids of £10 5s to £10 11s, but with no response from holders. The. D shares of the Bank of New Zealand paying a fixed 7% per cent., ■were inquired for at 29s 6d to 30s, cum dividend. National Bank of Australasia £10 shares had'buyers at £12 to £12 10s, but there were no declared sellers. Sales of bank shares were reported as follows:— Bank of New Zealand (cum div.), 45s sd, 45s 6d, 455-7 d, 45s 6d, 45s 7%d, 4qs 7d; National Bank of New Zealand, 72s 6d, 725, 72s 6d; Bank of New South Wales (cum div.), £30; E.S. and A. Bank, 91s; Commercial Bank of Australia, 14s sd, 14s 7d, 14s 6d, 14s Bd, and (pref.) £8 16s, £8 16s 3d, £8 17s; E.S. and A. Bank,-95s 9d; Commercial Banking Co. of Sydney, £15 12s 6cl, £15 17s Cd; National of Australasia (cum div.), £5 paid, £6; Union Bank, £7 18s, £7 19s, £7 18s, £8. Insurance companies' shares hardened in price. Queenslands had buyers at 49s 6d, sellers quoting 51s 6d. Standards were . wanted at 51s 6d, but there were no sellers at that price. Australian Provincials ivere inquired for at 9s Ctl. Sales of insurance shares were reported as follows:— New Zealand Insurance, 495, 48s 6d, 48s lOd; National, 16s 6d, 16s sd, lCs 6d; South British, 60s, G4s 6d, 655. Pastoral and financial investments were •• on a rather quiet market. . Buyers of Wright, Stephenson ordinary shares offered 6s Gd in vain. New Zealand Guarantee Corporation shares had buyers at 4s lOd to ss, holders asking 5s 3d. Wellington Deposit and Mortgage shares had buyers at 3s 6d, but no sellers. New Zealand and River Plates -were asked for at 21s to 21s 3d, without response from holders. Sales in this section were reported as follows:— Dalgety, £7 12s; Goldsbrough, Mort, 23s lid, 245, 23s lOd; New Zealand Loan and Mercantile, £40; National Mortgage, 38s 3d; Farmers' Auctioneering (B pref.), 12s. COAL, GAS, AND OTHER SHARES. Coal-mining shares had but little inquiry. For Kaitaiigatas 19s Gd was offered but sellers wanted 225. Westports, cum dividend, had buyers at 12s. but the lowest quotation by sellers was 13s Cd. Taupiris Jiad unsatisfied buyers at 13s 6d for ordinary and a guinea . for preference. Pukemiros were in demand at 19s Od, with scllers'iisking 21s. Grey Valley,.ex div.', were; wanted at 12s Cd to 13s, sellers' lowest' '/quotation being 15s. Business done in coal mine and other shares -will be found reported under their respective ( headings. Gns shares wanted included AVellingtons at 30s 6d to 325. Napiers preference were . to.be bought for £11, but there were no buyers. Shipping shares wore rather neglected. Huddart, Parker ordinary, however, were in demand at 29s to 29s Cd, with sellers at 30s 6d. P. and O. deferred were in good demand at 19s to 20s 3d. Union ... Steam preference had buyers at 21s Od to 225, but no quotations from sellers. Brewery shares were very quiet. Dominions had buyers at 5s Od and sellers Ss 6d. Dunedins could have been bought for 21s Od. Tooths (ex dividend) were "wanted at 35s Gd. Carltons had buyers at 363, but there were no sellers at that iigure. Meat companies' shares were ■ a little' firmer on the week. Canterbury Freezing preference were wanted at £5, sellers asking £5 10s. Woollen shares had some inquiry. Timbers remained quiet. Sales in various sections above referred to were reported as follows:— ' Coal—Westport-Stockton (ord.), Ud. Gas—Christchurch, 27s 3d; Auckland, 23s 4d, 23s 3d, 23s 4d, 23s 3d. Shipping—Devonport Ferry, 20s 4d; Northern Steamship (contrib.), 2s Id. Freezing Companies—Gear Meat, 28s Gd; Southland Frozen Meat, 445; New Zealand Refrigerating (£1), 12s, 11s 9d, 12s, and (10s) 3s lid, 4s. 4s Id, 4s, 4.= Id. Woollen Companies—Wellington Woollen (pref.), £5 Is;. Mosgiel, £8 7s 6d; Kaiapai Woollen (17s), 5s 3d. Breweries—New Zealand Breweries, 29s (cum div.), 295, 29s 3d, 29s Gd, 29s Bd, 29s 6d; Staples and Co., 255. Timber—Kauri Timber. 11s 6tl. MISCELLANEOUS. British Tobacco,' 34s 3d; Heath and Co. (Is), 3s 6d, and (pd.) 25s 3d;-Bycroft, Ltd., 35s 6d; Colonial Si^nr. £51 10s, £56 ss, £53 7s Gd. £50 10.-. .Csfi 7s Gd, £56 12s Cd, £53 10s, £oj 15a; Dunlop-

Perdriau, 16s lOd, 17s lid; D.I.C. (pret.), 20s; Donaghy Hope, 38sj Electrolytic Zinc (pref.), 31s 3d, and (ord.) 18s Id, 18s 3d, 18s 4d, 18s 2d, 18s Id; Farmers' ' Fertiliser, 16s 3d; Farmers' Trading (B pref.), 7s lOd; Henry Jones Co-op, (cum div.), 37s fid; Mount Lyell, 21s 9d, 20s lid, 20s fld, 20a Gd, 20s 9d, 20s Bd, 20s ]od, 20s Od, 20s 10% d, 20s 9d, 21s Id; Sharland and Co. (ord.), 20s; New Zealand Paper Mills, 26s 9d; New Zealand Newspapers, 24s 3d, 24s Gd; New Zealand Drut; (small parcel), 655, 65sOd, 65s 3d, Gas Gd; New Zealand Milk Products (8 per cent.), 21s 6d; Smith and Smith (pref.), 10s 6d; Union Oil and Soap, Auckland, 245; Wilson's Cement (cum div.). 31s 6d, 31s 3d, 31s 6d, 31s sd, 31s 6d; Woolworth (N.Z.), pref., 34s (pref new), 255; Woolworth (Sydney) preference rights, 3s, and (10s pd.) 14s, 14s Unlisted—National Tobacco, '57s 6d, 58s 6d; Were's Investment Trust, 3s VM.