STOCKS AND SHARES

Evening Post, Volume CXVI, Issue 84, 6 October 1933, Page 10

STOCKS AND SHARES

BUSINESS STILL BUOYANT

SALES OF THE WEEK

United Presi Association—By Electric Telaerapn—Copyrlcht. f■ .SYDNEY, October 5. Business on the Sydney Stock Exchange today-was exceedingly animated, the market reflecting the tax cuts and the improvement in the financial outlook. There was a slight reactionary trend here and there, due to some sellers being willing to take profits, < but the market on the •whole retained a very firm' and confident tone. Sales "were as follows:—. Bank of New South Wales, £34 12s Cd; Commercial Banking Co. of Sydney, £18 30s; Bank of Australasia, £13 10s; National Bank of Australasia (£5 paid), £G 12s: Queensland National Bank, £5 16s 6d; Bank of Now Zealand, 495; Colonial Sugar, £59 17s 6d; Associated News, 20s, ditto, pref., 19s V&d; Adelaide ■ Steam, 255; Howard Smith, 14s lid; Burns, Philp, 53s British Tobacco, 37s 6d; looths Brewery, 43s 3d; ditto, New Zealand delivery, 43s 3d; Tooheys, 25s Id; ditto. New Zealand delivery, 25s 6d and 25s md; Dunlop Perdriau, 18s 10% d; Golds: trough Mort, 29s 33; Dalgetys, £11 ss; Winchcombe Carson, 28s 6d; MiHwu* Sugar, 295; Fairyraead-Sugar, 30s; Electrolytic Zinc, 26s 3d; Morris Hedstrom, 19s 10% d; Greater J. D. Williams, 8s 9d, Carlton Brewery, 42s 3d; Lustre Hosiery, 16s 9d; David Jones, 365; Farmers, 16s; Anthony Hordern, 12s 6d; Hume Pipe, 14s: Meggitts, 235; Australian Iron and Steel, pref., 18s 6d; Standard Cement, 178 l%d: Goodlet and Smith, 20s; Mt. Morgan,'4Bs; Bulolo Gold 98s 3d; Bulolo Deposits, Is lid; Kuala Kampar Tin, 9s - lid; Broken Hill Proprietary, 41s 8d; Mt. Lyell, 245. MELBOURNE, October 5. Sales on the Melbourne Stock Extbange today included:-Howard Smith, 14s lid; "Herald and Times," 43s 6d;. Goldsbrough Mort, 29s 4%d; E tectrolytic Zinc, 265; Mt. Lyell, 245; North Broken Hill, 88s 6d. ..'..'"■ "Evening Post," October 6. Stock Exchange' turnover continues brisk, and prices of gilt-edged investments as well as of "banks, insurance, and most stock and station shares/ are well sustained. Confidence is shown in the market, although, the volume or business reported would seem to show; that some investors are inclined _to take profits while the tide is at the flood. There are demands for 3% per cent. Government stock (1938-43) at £100 28 6d, and for 4 per cent. (1949) at £101 15s. Sales of Government securities have been, reported as follows: — 3'/T P.c stock (1030-43) £100 7s 6d; , SW pi stock (1938-52), 81017« 6d; 4 p.c. stock (1940), £101 ss, £101 7s 6d, £10112s 6d, £101 2s 6d, £101 7s 6d, and bonds, £101 2s 6d,'. £101 10s; 4 p.c. stock (1946), £100 17s 6d, £100 7s 6d, . £Wl, and Wds, £100 12s M £101; 4-p.c. bonds (1949), £101 5s £102; 4 p.c. stock (1955), £100 15s, £101. Local body loans continue in good demand for the city issues, unsatisfied orders being fti p.c. Auckland Dunedin, and Chriitchurch. (each 1044) at £101; 5% p.c. Wellington City and Harbour Board (both 1940) /at £101; 5 p.c. Auckland Drainage (1936) at £98. For company debentures there were . buyers of 6/4 p.c. Wellington Gas (1941) .at £100 to £101; 8 p.c. Wellington Racing Club (193o) at £95; 6% p.c' Gisborne Sheepfarmers (1941) at £84; 6% p.c Glaxo (1945) at £80. Sales of municipal and company debentures were reported as follows:— 5% p.c. Auckland Transport Board (1949), £99 10s; 5 p.c. Christchurch Drainage Bdard, £103;' 4% p.c. N.Z. Farmers' Co-op; (1940), £62 10s. BANKS, INSURANCE, FINANCE. Bank shares are holding their own, and those of the Bank of New Zealand show a recovery; others have a slightly weaker tendency. Buyers of Bank of Adelaide shares were unsatisfied at £5 16s. Queensland Nationals were wanted at £5. There were no disclosed sellers of shares m either of these banks. Sales of other bank shares were reported as follows:— Bank of New Zealand, 465, 46s Id, 46s l%d, 465) 46s 3d, 46s 6d, 46s 9d, 46s 6d, 475, 47a 6d, 47s 9d, 48s, 475.3d, 48s Id, and D, long term (pref.), 33s 6d; E.S. and A. Bank, £6, £6 0s 6d, £5 19s, £G, |£5 198 9d, £5 19s 6d, £6, £5 19s; Com'jnercifil Bank of Australia, 17s, 16s lid, 16s lOd, 17s, 16s 9d, 16s Bd, 16s 7d, 16s lOd, 16s 9d, 16s 8d; National Bank of 'Australasia (£10), £13 7s|6d, £13 9s, and (£5) £6 15s 6d, £6 14s 6d; Bank of New South Wales, £35, £34 15s, £34 128 6d, £34 8s Bd, £34 15s; Commercial Banking Co. of Sydney, £18 8a; Bank of (Australasia, £13 2a 6d; National Bank of New Zealand; 84s 6d; Union Bank, !£lo9s, £10 10s, £10 Bs. Business in insurance companies' shares' '■was but, moderate, prices still being very high on the yield. For Australian Provincials there were buyers at 12s 3d, sellers asking 13s; South British were, wanted at , 73b, sellers quoting 755; Standards had buyers »t 61s, but holders did not quote. Bueinegg was reported as follows:—- , New Zealand Insurance, 555,'54s 7'/4d, S4s 3d, 54s Bd, 53s 9d; National Insurance,, 18s, 18s 3d; Queensland Insurance, 565,36s 6d, .-.■••-. Financial and stock, and station comtfpanies' shares, especially the latter, were ion an active market. Perpetual Trustees jihad buyers at 50s; New Zealand and River h Plate were in request at 245; Wellington [Trust,and Loan advanced to buyers at 80s, jand.no disclosed sellers. New Zealand In- " vestment Deposit and Mortgage were .■Wanted at 3s 3d, and Wellington Deposit 'and Mortgage at 3s 9d. Sales were reported as follows:— . Da7gety'g, £10 Bs, £10 10s, £10 12s 6d; Dominion Investment, 17s; Goldsbrough Mort, 29b, 28s 6d, 28s 9d, 28s Bd, 28s 10(1, 295, 28s; New Zealand Guarantee Corp. Tcum div.), Bs, 8s 2d, 8s Id, 8s 2d; National Mortgage, A, 535, arid (ord.) 45s 8d; New Zealand Loan and Mercantile, £67, £.:5, £68, £68 ss, and ord. stock, £58 ss; United Building (ex div.), I 17s 9d. COAL, GAS, AND OTHER SHARES. Grey Valley Coal Mine shares had buyers at 13s 6d and sellers quoting 15s. Renowns were also in request at ]s for «rdinaries, sellers quoting 2s 6d. West-port-Stockton (pref.) also had inquiry at -Is 9d. Sales of coal mining and other chares are reported below. ... Gas companies' shares were in moderate demand with buyers of Gisbornes at 4s del and the preference shares in this company wanted at 15s. Wellington preference had buyers ai 225. Shipping shares wanted included Union fiteam Ship preference at 23s 6d to 24s 9d, "with sellers at 255. Huddart-Parker preference were in demand at 245. Woollen shares were firmly held. Wellingtons had buyers at £5 5s for ordinary and preference, sellers quoting £5 15a; Mosgiels were wanted at £9, with no from holders.' I Freezing companies' shares continue to hold their own. Canterburys were wanted at £10 4s, sellers quoting £10 8s; North Canterburys were in demand at 8s 7d, sellers asking 11s. Brewery shares continue in good demand, tend busines was done in shares in most