STOCKS AND SHARES

Evening Post, Volume CXVI, Issue 36, 11 August 1933, Page 10

STOCKS AND SHARES

INVESTMENTS FIRM

ACTIVITY IN- MINING

United Press Association—By Electric Telegraph—Copyright. SYDNEY, August 10. At the Sydney Stock Exchange the main feature o£ today's trading was the demand for banking scrip; but sellers were reserved. Commercial Bank of Sydney made. the best gain for eighteen months. The market otherwise was firm. Sales: Bank of New South Wales, £33 15s; Commercial Banking Co. o£ Sydney, £18; E.S. and A. Bank, £5 10s; National Bank of Australasia (£5 paid), £6 8s; Union Bank, £9 2s 6d; Queensland" National Bank, £sjUs; Bank of Adelaide, £6 Is 6d; Bank of New Zealand, for New Zealand delivery, 52a 3d; Australian Provincial Assurance, lls 6d; Associated News, 8s id; ditto, pref., 19s; Howard Smith, 10s Id; British Tobacco 355; ditto, pref., 28s 9d; Goldsbrough, Mort., -bs 7%d* Dalgetys, £9 10s; Australian Glass, BOs; Carlton Brewery, 395; Henry Jones Co-op., 38s 6d; Standard Cement, 16s bd; Meggitts, 19s 9d; Anthony Hordern, 10s 6d; Hoyts, A pref., 14s 9d; ditto, B pref., 6s 6d; Dunlop-Perdriau, 18s 4%d; Broken Hill Pty., 37s 9d; Broken Hill South, 57s 6d; Bulolo Gold, Ssa; Bulolo Deposits, 3s ld:'Mt. Morgan, 38s 6d. ■ Commonwealth bonds, 4 per cent., VMS, £103 2s 6d; 1941. £103 8s 9d; 1950, i,lon ss; 1953, £103 15s; 1955, £103 16s 3d; 1957. £104 7s 6d; 1959, £104 Jos; 1961, £104 17s 6d. MELBOURNE, August 10. .Sales on the Melbourne Stock Exchange today included:—Commercial Bank of Australia, 10s 6d; ditto, pref., £9; DunlopPerdriau, 18s 6d; "Herald-Times," 44s 6d; Goldsbrough, Mort., 26s 6d; Taranaki Oil, 2b B%d. - "Evening Post," August 11. Business in gilt-edged investments has been fairly brisk this week, and prices are very firm for all Government securities. City loans are also strongly held, with buyers at or a shade above par. Bank shares continue in good demand, witb advances showing on prices obtained at the end of July. Certain industrial shares also show appreciations. Considerable investment in mining shares, especially in Otago ventures, indicates that money can still be found for speculation in gold mining and dredging. ,SsHes of Government debentures have been fairly numerous this week, and the business reported was as follows:— • 3% per cent, stock (1938-43), £100 10s; •3% per cent, stock (1939-43), £100 10s; 4 per cent, stock (1940), £101, £100 10s, £100 15s, £101, £101 ss; 4 per cent, stock (1946), £101 10s, and bonds, £10t ss; 4 per centf. stock (1949), £101, and"bonffs, £101 ss; 4 per cent, stock (19o5), :£IOO 12s 6d, £100 15s, and bonds, £100 15s,'£100 12s 6d. • Apart from local body loans dealt in during'the week there were orders to buy 5% per cent. Auckland City (1944), and 5M per cent Christchurch City (1944), both at £100;- hVz per cent. Wellington j City (1940), at £100 ss; and 5% per cent. ' Dunedin City (1944), at £100 10s. Sales of. local (body loans were reported as follows:— 5% per cent. Auckland City (1940), £100 10s; 4% per cent. Hamilton Borough (1941), £95; 5% per cent. Auckland Harbour Board (1937), £100; 4% per cent. Hamilton Borough (1947), £92 10=; 6% per cent. Mt. Eden Borough (1952), ' £102 10s; 6% per cent. Mt. Eden Borough (I960), £102; 6% per cent. Mt. .Albert Borough (1963), £94; 5V* per cent. Mt. Albert Borough (1963), £92 PANKS, INSURANCE, FINANCE. All bank shares usually quoted oil the New Zealand Stock Exchanges have been dealt in this week, and there has been a fair amount of buying of such investments in • Australia for New Zealand delivery. The sales of bank shares have been as follows:-^ - . Bank of Australasia, £12 ss; Bank of Adelaide, £6 3s; Commercial Bank of Australia (cum. div.), 16s 6d, 16s- id, 16« sd, 16s 6d, and {pref.), £8 14s 6d; lrfnk of New Zealand, 49s 7%d, 49s fI.J, 50s, 49s lid, 50s, and D: long-term, 32s 6d, 32s 3d, 32s fid; Commercial Bank of Sydney, £17 6s, £17 7s; National Bank of Australasia (£5), £6 5s 6d, and . (£10), £13, 2s, £13 Is, £13; National Bank of New Zealand, 86s 6d, 87s Cd; E.S. and A. Bank, £5 6s; Bank of New South 'Wales (cum. div.), £32 7s Od; Union Bank, £9 ss, £9 4s 6d, £9 4s, £9 •55,.. £9 6s. ' . ■ Insurance.shares hold their own. Buyers M Australian Provincial Assurance offered lls to lls 2d, but no sales were reported. Queenslands had buyers at 555, put there were no sellers. Sales were notified as follows:— National Insurance, 17s 3d; New Zealand Insurance, 52s 6d; South British Insurance, 69s 6d, 69s 9d; Standard Insurance, 595. Financial and- stock and. station .company shares' for Which there were unsatisfied inquiries included Wellington Trust arid Loan at 755; Wright, Stephenson (ord.) at 9s; Equitable Building at 20s, sellers quoting 50s; New Zealand and River Plate were wanted at 20s 6d. Business in this section was reported as follows: — : Dalgety and Co., £9; Dominion Investment^ (Auckland), 15s; Farmers' Coop; Auctioneering (B pref.),'lss; Goldstrough, Mort, 26s 4d, 26s 4%d,'26s 9d, '26s 3d, 265, 26s 6d, 26s 7d; Loan arid Mercantile, £45; New Zealand Guarantee Corp., 6s 9d; National Mortgage ■B," 25s 6d, 265; United Building, 17s lOd. COAL, GAS, AND OTHER SHARES. :Coal mining shares were in poor demand, but for Pukemiros bids of 22s were made, sellers quoting 245. Taupiri preference were wanted at 22s 6d; Grey Valleys had buyers at 12s 6d, and WestportStockton preference at Is 3d. Sales of coal mining and other shares will be shown hereunder. • • . Gas shares were on a dull market. Gisbbrnes were wanted at 3s 6d to 4s; Auckland at 23s 3d; Napier preference at £9 10s,. and Christchureh at 27s 2d. Buyers were in the market for Timaru Gas at 20s, but« there were no disclosed sellers. ':Shipping shares were generally neglected, but buyers of Union Steamship preference raised their price to 23s without business being reported. P. and O. deferreds were Wanted at 21s; Howard Smiths at 9s; Devonport Ferry at 17s 6d; and Huddart, Parker ordinary and preference at 29s and 24s respectively. Meat shares in request included Wellington Meat Export preference at 14s 9d. Brewery shares remain steady with Tuis wanted at 35s and Timaru (7s 6d paid) in demand at 4s lid. Industrial shares for which there were orders included Wellington Woollens at £5 2s 6d cum dividend for both ordinary and preference issues, and Mosgicl Woollens at £8.55. Timber shares in request included Kauris at 12s 3d and Leyiand-O'Briens at 16s 6d. For Consolidated Bricks 4s 4rl was offered, sellers asking'ss 6d. Australian Glass were nuoted with buyers at 48s, sellers 495; Burns, Philps had buyers at 50s 6d, sellers 52s'6d; D.I.C. preference were wanted at 20s. Buyers of Australian Distilleries were unsatisfied at 10s. Australian Iron and steel preference were in demand at 14s to 14s 6d. The Broken Hill Proprietary's shares were soueht at Sfis, holders asking 37s 3d. New Zealand Paper Mills were wanted at 26s 9d. Sales, in the

above-mentioned and the miscellaneous sections were reported as follows: — Coal.—Kaitangata Coal, 225; Westport Coal, 13s. Coal.—Northern Steam (contnb.), Is lOd. Gas—Wellington Gas Cord.), 345. Frozen Meat.— Canterbury frozen Meat, £8 19s; Gear Meat, 32s 6d, 32s 7d; New Zealand Refrigerating (10s), 6s lOd, 6s lid, 7s; and (£1) 15s 6d. Breweries.—New Zealand Breweries, 33s 2d, 33s 3d, 33s 4d, 33s 6d, 33» 7d, 33s Bd, 345; Staples, 25s 6d; Tooth's Brewery, 3as 6d. Industrial and Other.—Bartholomew Timber, 12s 6d. Australian Iron and Steel, 15s. Beath and Co. (Is), 5s 6d; British Tobacco, 34s 3d; Burns, Philp, 51s 6d. Colonial Sugar, £58 10s, £58 12s 6d. £58 15s. £58 17s 6d, £59; Consolidated Brick, 5s 3d. Electrolytic Zinc (ord.). 21s lOd, 21s 9d. Henry Jones Co-op., 395. Mrlburn Lime, 325; Mount Lyell, 22s 2(1. 225, 21s lOd, 21s lid. New Zealand Drug Co., 665, 66s 3d; New Zealand Newspapers, 265; Northern Roller Mills. 28s 6d. Wilson's Cement, Hs; Woolworth s, Victoria (pref.), 24s fid. Oil—Moturoa Oil, Is Bd.