STOCKS AND SHARES

Evening Post, Volume CXVI, Issue 24, 28 July 1933, Page 10

STOCKS AND SHARES

PRICES SUSTAINED

ACTIVE LOCAL MARKET

Pnlted Press Association—By Electric Tele^

graph—Copyright.

SYDNEY, July 27.

Active conditions ruled on the Stock Exchange today, with price levels practically unchanged. Banks received greater attention, but Commonwealth bonds were easier. Sales:—Bank o£ New South Wales, £32 2s Gd; Commercial Banking Co. of Sydney, £17 7s; E.S. and A. Bank, £5 4s; National Bank of Australasia, £5 paid, £6 10s; Queensland National Bank, £5 8s 6d; Colonial Sugar, £58 ss; Burns, Philp, South Sea, 34s 7%d; Associated News, 8s 8d; ditto, pref., 18s 7%d; British Tobacco, 35s 3d; Dunlop-Perdriau Rubber, 18s 7%d; Goldsbrough, Mort, 27s 4%d; David Jones, 26s 6d; Berlei, 275; Carlton Brewery, 39s 6d; Tooth's, 39s 4%d; Toohey's, 245; Pitt, Son, and Badgery, 39s 9d; Newcastle Gas, A, 11s 9d; Greater J. D. Williams, 7s; Wilcox, Mofilin, 8s 3d; Australian Gas, A and B, £7 ss; Broken Hill Proprietary, 38s l%d; Broken Hill South, 58s; Victoria Nyanza Sugar, 14s 3d.

■ MELBOURNE, July 27. Sales on the Melbourne Stock Exchange today included:—Commercial Bank' o£ Australia, 16s lOd; Metropolitan Gas, £12 19s; Goldsbrough, Mort, 27s 3d; Dun-Jop-Perdriau, 18s 7d; Nestles, pref., 33s 7d; Australian Glass, 49s 6d; Electrolytic Zinc, 235.

"Evening Post," July 28,

Prices for gilt-edged investments, bank and insurance companies' shares are well sustained if not a shade higher on the \v-eek. Turnover generally continues good, and there has been a fair business done in Sydney and Melbourne on New Zealand pceount. Interest in mining and dredging continues keen, but is confined principally to Otago enterprses; Auckland district, however, continues to attract attention. lAII Government loans have been dealt in end prices range at from par to 1-8 to i% per cent, premium and occasionally 1 per cent. Buyers appear to be eager to invest in such securities, and in certain

local body loans. The business reported in Government loans during the past week has been as follows: — ' ■ 3% per cent, stock (1938-43), £100, £100 2s 6d; 3% per cent, stock (1938----52), £100, £99 17s 6d, £100 2s 6d; 3% per cent, stock (1939-43), £100 3s 6d; 4 per cent, stock (1940), £100 15s, £100 12s 6d, £100 10s, £100 15s, £101; 4 per cent/stock (1946), £100 15s, £101; 4 per cent, stock (1949), £100 15s, £101; 4 per cent. B toek (1955), £100 10s, £100 7s 6d, £100 2s 6d, £100, £100 10s, £100 7s 6d, £100, £100 10s, £100 ss, £100 7s 6d, and bonds, £100 7s 6d. Local authorities' loans in demand include 5% per cent. Wellington City (1940), fi% per cent. Auckland City (1944), and 5% per cent. Christchurch City (1944), all Mt par; for 5% per cent. Dunedin City <1944), there were buyers, at £100 10s; 5% per cent. Waimairi County (1943) had -, beds of £100, and 6 per cent. Auckland Harbour Board (1941) were in request at [£102 10s, sellers £105. Company debentures wanted were 6% per cent. AVellington Gas (1941) at £101 15s, with no response from holders; 8 per cent. Wellington Racing Club (1935) were . wanted at £92 10s; 6% per cent. New Zealand Refrigerating (1935) had buyers £100 10s, holders quoting £102 10s. Sellers of 6% per cent. Glaxos (1945) quoted £90. Sales of local body and company debentures were reported as follows: — 5% per cent,. .Dunedin City (1934), £100; 5% R?r.. .cent. Auckland -City . (1940), £100; 6 per cent. Auckland Harbour Board (1941), £104;. 5% per cent. Auckland City (lfloO), £101; 5% per cent. Auckland. Power .Board (1945). £102; 594 ;per cent. Newmarket Borough (1944), '£102; 6 per cent. Otahuru Borough (1961), £102; 5 per cent. Mount Eden Borough (i960),'£95; 4% per cent. New Zealand "Farmers' Co-op. (1940), £63 10s;6%"p'er cent. Gisborne Sheepfarmers (1941), £81; 5 per cent. Wright, Stephenson, perpetual stock, £87 10s. BANKS, INSURANCE, FINANCE.

Bank shares.are holding their own, but there is a. slight recession in prices of Bank of New South Wales, including the quarterly dividend. Union Banks have advanced, so have Bank of New Zealand. The £10 shares of the National Bank of Australasia had buyers at £12 12s; Bank of Adelaide shares were in demand at £5 15s. Sales of bank shares were reported as follows:—

Bank of New Zealand, 49s Id, 495, 49s 2d, 49s Id, 495, 49s 2d, 48s lOd, 41s Id, 48s lid, 495, 49s Id, 49s 3d, 49s 4d, 49s Id, 495; and D. long term, 31s; Bank of Australasia, £11 11s; Commercial Bank of Australia, 16s 2d, 16s 4d, 16s sd, 16s 6d; National Bank of New Zealand,, 79s 6d, 80s; Commercial Bank of Sydney, £17, £16 19s, £17 Is; National Bank of Australasia (£5), £6 ss; Bank of New South Wales, £31 12s 6d, £31 10s, cum, div., £31 17s 6d; E.S. and A. Bank, £5 3s, £5 ss; Union Bank, £9 Is 6d, £9 Is, £9 2s, £9 2s 6d, £9 3s, £9 3s 6d, £9 ss, £9 6s, £9 7s 6d.

Insurance shares show appreciations this week of those of the two Auckland offices. Standards were wanted at from 53s 6d to 64s 3d, but holders did not quote. Queenslands were wanted at 525, sellers quoting 68s. Sales were as follows:—

A.P.A., lls 3d, 11s 3%d, Us 3d; National Insurance, 16s Bd, 16s 9d, 16s lOd; New- Zealand Insurance, 51s 3d, 51s 6d, 51s VM, 51s 9cl; South British, 69s 3d, 69s 6d, 70s.

Business was rather quiet in the stock fend station and financial sections. Wellington Trust and Loans', were a little firmer at 60s 6d, with no disclosed sellers. New Zealand' Investment, Mortgage, and Deposit had buyers at 3s, and Wellington Trust and Agency at the same figure, gales of shares in.this section were reported as follows:—

Dalgetys, £!) 8s; Goldsbrough, Mort, 27s lOd, 2vs; New- Zealand. Loan and Mercantile, £45 10s, £45; New Zealand Guarantee Corporation, 6s lid, 6s lOd; United Building, 17s 4d. COAL, GAS, AND OTHERS.

Coal mine shaves in request included Taupiri (pref.) at 22s Gd; Renown pref., eld and new, were wanted at Od and 8d respectively; Grey Valleys had buyers at 13s 3d, sellers asking 15s. Stocktons (ord. and pref.) had buyers at 7d and Is 6d respectively. Sales of coal, gas, and other ehnres will be found set out hereunder. Gas' shares were dull, although AVellmgtons (ord.) were slightly dearer. Gisbornes improved with buyers at 4s to 4s Gd. but they were firmly held. Shipping shares were on a very quiet

market. For Union Steam pref. 22s to 22s 6d was offered, but no business was reported. Huddart, Parker (ord.) had buyers at 29s 3d, sellers wanting 30s.

Freezing company shares wanted included Canterburys at £8 15s, with sellers at £9 ss; Southlands had buyers at 48s, but no declared sellers.

Breweries had good inquiry. Tooheys were wanted at 225, sellers quoting 23s lOd. For Carltons 38s was bid, but holders asked for 40s.

Woollen company shares inquired for included Kaiapoi (17s) at 7s; Mosgiels at £8 4s to £8 ss.

Timber shares excited moderate interest with buyers of Leyland-O'Briens offering 16s 9d, sellers wanting 20s. Kauris had inquiry at 12s 3d, sellers asking 13s 2d. The reported sales of shares in the above sections were as follows: — .

Coal Companies—Kaitangata Coal, 21s 6d; Pukemiro Collieries, 22s 6d; Westport Coal, 13b 3d. Gas—Auckland Gas (cum div.), 23s 3d, 23s sd, 23s 6d; Christchurch Gas (cum div.), 26s 9d, 275, 27s 3d.

Freezing Companies—Auckland Farmers' Freezing (£1), 16s 6d; Gear Meat, 335; New Zealand Refrigerating (10s), 7s, 6s lid, 6s 10% d, 7s, 7s Id, 6s lid, 6s 9d, 6s lOd, 7s, 6s lOd, 6s lid, and (£1) 15s lOd, 15s 9%d, 15s lid, 16s; Southland Meat (emit.), 255.

Breweries—New Zealand Breweries, 33s 9d, 33s 6d, 33s Bd, 33s 4d, 33s 6d, 33s 4d, 33s 4%d; Staples,' 26s 6d; Timaru Brewery (7s 6d), ss, 5s Id, 4s lid, 4s lOd; Tooth's, 38s 6d.

Woollen —Wellington Woollen (pref.), cum div., £5 ss, £5 4s.

MISCELLANEOUS.

Business in the miscellaneous section was but moderate. Burns, Philps were in demand at 48s 6d, with no disclosed sellers; Dental and Medical were inquired for at 6s 6d, sellers asking 10s; Howard Smith's were^wanted at 9s 3d, sellers, 10s; Sharland's (ord. and pref.), had buyers at 19s 6d. Sales were reported as follows:—

Beath and Co. (Is), 5s 6d, 's 9d; Broken Hill Proprietary, 38s 9d; Consolidated Brick, 4s 4d, 4s 3d, 4s 4d; Colonial Sugar, £57, £56 10s. £57 10s, £57 6s; Dominion Fertiliser, 13s1 9d, 13s 3d; Dominion Rubber, 17s. 6d, 17s; Dunlop Rubber, 18s 6d; Farmers' Trading, Auckland, 4s, 3s lOd, 3s lid; Electrolytic Zinc (pref.), 32s- 6d. and (ord.), 23s 3d; Mount Lyell, 22a 3d, 22s 4d; Milburn Lime, 325, 31s 9d; New Zealand Drug Co., 65a 6d; New Zealand Paper Mills, 27s 3d; New Zealand Newspapers, 26s 3d, 265; Wilson's Cement, 33s 9d, 33s Bd, 33a lOd, .345, 33s 4d, 33s 6d, 33s 3d, 33s 6d; Woolworth's, Victoria (pref.), 24s 6d; Woolworth's, New Zealand (pref.), 36s 3d.

• Unlisted:—lnvestment Exec, Trust, B debs., £90; "Sun" Newspapers, 4s, 4s 2d.