STOCKS AND SHARES

Evening Post, Volume CXVI, Issue 144, 15 December 1933, Page 12

STOCKS AND SHARES

CLOSING PRICES

A YEAR'S APPRECIATIONS

United Press Association—By Electric TeleSrapb—Copyright. SYDNEY, December 14. On the Sydney Stock Exchange today there was a- general slackening of business. • With the approach of the holidays, neither buyers nor sellers are displaying any inclination to press business. The market lost nothing in strength, all highclass securities being firmly quoted. Sales: Bank of New South Wales, £31 7s Od; Commercial Bank of Sydney, £17 ss; Commercial Bank of Australia, ISs; National Bank of Australasia, £10 paid, £13 10s; Queensland, National Bank, £5 14s; Australian . General Insurance, 11s lOd; As-sociated-News, pref., 20s 9d; Australian Gcas,;"4,",£7 14s; British Tobacco, 37s 6d; Duniop-Perdrjau Rubber, pref., 35s 9d; Goldsbrough Mort, 33s 6d; Anthony Hordern, 13s 4d, and pref., 22s 3d; Electrolytic Zinc;'26^ 6d; Wilcox Mofflin, 11s 8d; Winchcombe Carson, 29s 9d; Tooth's Brewef.y,42s 9d; Tooheys, 23s 10% d; Bulolo Gold, •£5 4s 6d;' Bulolo Deposits, 2s Id; Broken Hill PropVietary, 41s - 9d. .". -..- MELBOURNE, December 14. , Sales on the Melbourne Stock Exchange today included^, Commercial Bank of Sydney, .£l7. Ss?;1 Electrolytic Zinc, 26s 6d; ( Dunlop-Perdriau Rubber, 30s. -^ ■ ' Business oh. the stock exchanges is slackening, off for the Christmas'holidays;' nevertheless, the turnover this week 'has been -well sustained, and prices, for most giltedged investments, are very firm, with a disposition to, remain so into the New Year, at any rate so far as Government loans -are concerned, and' these are all above' par, the lower rates of ; interest and longer.terms as the result of the conversion operation^ 'Bank shares show some weakness today, but as will be seen-hereunder, they have made a great advance in value, for all' their low. return on market prices during the past twelve months. Insurance shares have not only increased in price over the past months, but have been less subject to fluctuations of the market than any other investment. • ■ ' .A comparison is here made between prices ruling at November 30 last and those as at December 20 of last year, from information" furnished by the Stock Exchange. The investments selected begin with bank shares and are as representa* tive as the space available will permit. Prices last year and at the end of this year are as follows:—

■3% p.c. stock (1939-43), £101 2s 6d; .3% p.c. stock (1938-52), £101, £101 5s £101 10s; ZVz p.c. stock (1939-52), £101; 4 p.c. stock (1940), £102 os, £102, £102 10s, £102 ss, £102 2s 6d, and bonds, £102 ss; 4 p.c. stock (1946), £10117s Gd, £101 15s; 4 p.c. stock (1949), £100 12s 6d, £101; 4 p.c. stock (1955), £102, £102 .ss, £102. ■-",.:■■.■ ■ 5 p.c. Rural" Advance's bonds (1947), £96. ' Business transacted in local authorities loans and company debentures was reported as follows:— l : ; ' iVi p.e. Wellington City (1943), £103; 5 p.c. Westport Borough (1944), £101; ■5% p.c- Mount Albert Borough (1963), ~ £97 10s; .7% p.c; Amalgamated Brick :. Auckland (1944), £90; 6% p.c; Westport- . Stockton Goal (1933), £78. ; BANKS, INSURANCE, FINANCE. • Bank shares inquired for this week and 'of which no sales were reported included Australasias at £11 17s 6d to £12 2s 6d, sellers quoting £12 ss. The £10 shares of the' National of Australasia had buyers at £13 ss. Sale's' of other bank shares were as.follows: — ■.' Commercial Bank of Australia, 17s 2d, ;.17s Id, 17s 3d, 17s 6d, 17s, 17s 10d, 17s ■ lid; 17s lOd; 17s Sd, 17s 7d, and pref. :, £8 18s; Bank of New. South Wales, £32 I; 6b, £32 ss, £32,' £32 6s, £32 ss; Bank ;• of New Zealand, cum div,, 48s 4d, 4Ss 3d, I and ex div. 475, 47s 2d, 475, 47s 3d, 47s ; 2d, D. long term cum div. 325; Union j Bank, £9 15s; Bank-of Australasia, £12 ■'3s 6d; National Bank of Australasia ;, (£5), £6 8s 4d, £6-8s 6d; Eng.,.Scot., Ji-ahd Aust.Bank, £5,10s 6d. 'Insurance companies shares wanted.were Queonslands -ex div. at 60s to-61s 6d, with no quotations from- holders. Standards Had good inquiry at 60s 6d to 61s, and sellers quoted 625.,' Sales of insurance shares were reported as .follows:— ' < -Australian-Prov.. Assurance, 10s 3d; '.--.National, -19s 3d; New-Zealand, 57s 3d; •'.South British, 775-3 d, 775, 77s 3d, 77s sd, >77s'3d, 77a 6d,'77s 3d. In the pastoral and financial section of the market Dalgetys were wanted at £9 155,-sellers quoting £10 15s. New Zealand and- River -Plate Lands had -unsatisfied buyers at 25s to 25s 6d. Wellington Trust .and Loans were to be bought for £5. of 'stock and station and financial companies' shares were reported as follows:— . , ■', Farmers' Auctioneering (B pre.), 19s ' 6d; Goldsbrough, Mort., 32s 3d, 335, 33s ■'■■ 2d,33s 3d, 335, 33s Id, 32s 9d; National Mortgage (A), 60s) United' Building (Christchurch), 17s 9d; Wright, Stephenson .(pref.), ,17s 6rt, COAL AND OTHER SHARES. Interest in coal-mining shares is sluggish, but there were buyers of WestportStockton prefs at 2s to 2s Od, sellers asking 4s.- Business done in this and other sections is reported hereunder. '. Gas shares are holding their own with buyers of Christchurch at 28s Id and Gisbornes at 4s 6d. ■ Shipping shares continue dull, but investors in P. and O. deferred* offered 20s without attracting quotations from sellers. Huddsrt-Parker ordinary had buyers at 325, but there were no declared sellers. Interest in meat shares has increased with the better tone of the overseas markets. Canterbury ordinary cum' dividend had buyers'at £10 12s 6d, but sellers wanted £1 above this offer. ■ Breweries remained in the picture witli unsatisfied buyers of Staples at 26s 6d; Carltons wanted at 425; Tooths at 21s 6d to 225. ' Woollen, mills wanted were Mosgiels at up to £9 5s ■ The miscellaneous section has inquirers for Donaghy Ropes at 45s to ATS. Australian Glass were wanted at 47s 3d; Amalgamated-Wireless had buyers at 21s; P.I.C. (ord.) were in demand at 14s; N.Z. Paper Mills were wanted at 28s, and Whitcombe and Tombs had buyers at 675. . Sales were reported .as follows:t— ... Coal.—Pukemiro Coal, 225; Westport, 13s lOd, 13s 9d; Taupiri Cbal, 15s 6d. ■ Gas.—Auckland (paid), 245, and.Auck-

land (contrib.), 17s 6d; Wellington, 345, 34s (3d. Shipping.—Northern Steam (7s), Is 9d; Union Steam, pref., 255. Freezing Companies.—Gear Meat, cum div, 335; N.Z. Refregerating (10s), 0s Bd, and (£1) 19s 1 Id, 20s Id, 20s, 19s lid, 20s Id; Southland (ord.), 61s. Breweries.—N.Z. Breweries, 375, 3fls 6d. 37a; Timaru (7s Gd), ss. Woollen Mills.—Bruce, pref., 19s 3d; Kaiapoi (pref.), IGs 6d, 16s, 16s 3d, and (17s) 8s 3d; Wellington (ord.), £5 12s 6d. . Miscellaneous.—Anthony Hordern, 13s 4d; British Tobacco, cum div, 37s 4d; Bycroft, Ltd., 41s; Dominion Fertiliser, ISs 3d, 18s 2d,-18s, 17s-lid, 17s, 14s 6d, 14s 4d, 14s 3d; Dunlop-Perdriau, 19s Bd, 19s 7d, 19s lOd, 19s lid; Electrolytic Zinc (ord.), 28s, 25s lid, and pref. 335; Farmers' Fertiliser, 18s 9d, 18s lid, 18s 9d, ISs 7d; Farmers' Trading, 3s 8d; Henry Jones Co-op., 335; Hill and Pinmmer, 12s; Mt. Lyell, 22s 6d, 22s 3d, 22s 7d, 22s Bd, 22s 9d, 22s 6d; N.Z. Drug, 73s 9d; Sharland and Co. (ord.), 24s 6d. and pref. 24s 9d; Wilson's Cement, 26s 3d; Woolworths, Sydney (second pref.), 24s Bd. Unlisted.—lnvestment Executors Trust (B), £100, £99; Loyal (pref.), 18s; N.Z. Perpetual Forests (pd.), 48s.

Dee.'32. Dec.'33. - .. 'Share. £ s. d. £ s.. 'd. Bank of Australasia 8 15 0 12 7 6 Coinin.-of Aust: .... 0 13 6 0 16 9 Comiri. of'Sydney •.. 13 10 0 17 7 6 E,S. ind A. '...... 40 0 ■■ 5 12 0 Nat. .of ■'Aust.' (£10) 10 10 0 13 8 0 Nat. of Aust.' (£5) 5 5 0 6 9 0 Nat. :of-N.Z. .■..;....,, 3'5 0 4 2 6 N.S.W. .....' 26 0 0 32 15 0 Bank of N.Z. 20-3 276 Union Bank 7 0 0 9 15 0 N.Z. Insurance .... 2 0 6 2 16 6 South British 2 13 6 3 15 6 National 0 14 0 0 19 0 Standard ■. 2 6 0 3 1 3 Queensland 246 2 18 0 Dalgety ■ 6 17! 6 10 10 0 Goldsbrough. Mort ., 113 1116 Loan & Merc.t .... 45 0 0 60 15 ■ 0 Wgtn. Trust & Loanf 4 17 0 f4 5~ 0 Westport Coal 0 10 0 0 13 9 Wellington Gas .... 19 0. 1 14 0 Colonial Sugar-..,.;.,. 46 0 0 60 15 0 Union Steam (prefi) . 1 ' 0 3 .14 6 N.Z. Breweries' 140 117 3 Gear Meat .......... 14 3 1 13 0 iv.Z. Kef rig. (10s) .. 0 3 2 0 9 9 '■(These are buyers' prices. Sales of Government loans this veek were reported as follows:—