PRODUCE & MARKET REPORTS FROM DAY TO DAY

Evening Post, Volume CXVIII, Issue 53, 31 August 1934, Page 12

PRODUCE & MARKET REPORTS FROM DAY TO DAY

STOCKS AND SHARES

A FIRM MARKET

BANK SHARES IN DEMAND

(By; Telegraph.—Press Assn.—Copyright.) • ■ SYDNEY, August 30.

The investment market maintains a firm undertone,. with . prices hardening, while good-class securities are in strong demand. Commonwealth bonds are a trifle irregular. . .

Sales:—Bank of New.South Wales, £31 15s; Commercial Bankings Co. of Sydney, £17 7s; Commercial Bank of Australia, 15s 10% d;: E.S; and A. Bank, £5 6s; Aus- : tralian General Insurance, 14s .3d; Associated News, pref., 23s 6d; Huddavt Par-ker,-33s 3d; British Tobacco; 37s Od'ord., pref., .31s Gd; Tooth's Brewery,,4ss 3d; Tobheys, 27s 4%d; Australian Glass,, 535; Gol.dsbrough. Mort, 31s 9d; Wilcox Mofflin, 13s 3d; Morris Hedstrom, IBs 3d; Greater J..D. Williams, 8s; Millaquin Sugar, 335; Electrolytic1 Zinc, 28s 4%d; David Jones, 39s 9d; Anthony Hordern, 14s Gd; Standard '■■ Cement, 18s; Drug Houses of Australia, 20s 4%d; Australian Iron -and Steel, pref., 23s 4%d; Mount ■ Morgaiiy 27s Od; Broken.Hill Proprietary, 49s 3d; Kuala Kampar Tin, 16s 10 ]/kd; Rawang> ex div., Ss lOd;' Placer! Development, £28 los; Commonwealth bonds, 4 per cent., 1935, £103 17s 6d; 1941, £106 3s 9d; 1944, £108; 1947, £109 2s 6d; 3950,, £106 17s 6d; 1953, £108; 1957, £108 10s; 1959, £108 17s' 6d. ";; MKU3OURNE, August 30. Sales on the Melbourne Stock Exchange today included: —Commercial Bank of Australia, 15s .0d; Goldsbrough Mort,. 325; Dunlop-Perdriau, 19s Cd; North Broken Hill, £5. ■.■ "Evening Post," August 31. • Business continues brisk, especially in Government stocks and bonds, the market lor which keeps very high. Interest iii company debentures, too, is- well sustained. Bank shares generally are very firmly held. Insurance company shares are also in strong demand. . The business done in Government loans this week indicates steady appreciation for this class of investment, and, considering their low return at current, market rates, they must be described as very dear. The sales of Government securities as reported this week were as follows: — 3% per cent, stock (1938-42), £109; 3% per cent, stock (1939-52), £109; 3% per cent, stock (1939-43), £109; 3% per cent.. '• stock (1938-52), £108 17s 6d, £109; 5% per cent, stock (1937), dissented, £102; '3% per cent, stock (1941), £105 2s Gd; •: 3% per cent, stock (1941-43), £109; 4 . per cent, stock (1940), £108 2s 6d, £108; and bonds, £108 2s 6d, £108 ss; .4 per cent, stock (1946), £107 ss, £107 7s. Gd, • £107 10s; and bonds, £107 10s; 4 pel ' cent, stock (1949), £109 15s, £109 10s. £110; and bonds, £110; 4 per cent, stocli (1955), £110 12s Gd,' £110 15s; and bonds,' £110 12s 6d, £110 15s; 5 per cent. Rural Advance bonds (1947), £104. Local body loans are firmly held. The 5% per cent. Auckland City loan (1946) was wanted at £101 10s; 4% per cent. Wellington (1944 and 1942), had unsatisfied buyers at £105 10s tor both mature, ties. . •-, ,-, Company debentures in request included 6%' per cent. Wellington Gas (1941) at £104'10s; QVz per cent. Auckland Gas (1935)' at £102' 10s; 6 T/a per cent.' Glaxo (1945) at £91; 6V6 per cent. Gisborne Sheepfarraers (1941) at £99; 7 per cent. Hikura'ngi Coal (1948) at £45; 5 per cent Wright, Stephenson (prior lien) at £95 10s; 6% per cent. Booth, Macdonaid (1037) at £69. There were sellers in Christchurch of 4% per cent. Chatham Islands debentures (1955) at £103. Sales of local body and company debentures were reported as follows:— '. .'■"'" 4 per cent. Auckland Harbour Board (1936), £100 10s; and 5% per cent. (1959), £106; 5% per cent. Auckland City (1940), £103; 4% per cent. Auckland City, £102 10s; 5% per cent. Takapuna Bonds (1964), £105 15s; iVa per .cent. New Zealand Farmers' Co-op. (1939), £83; 7% per cent. Amalgamated Brick, Auckland (1944), £103 10s. BANKS, INSURANCE, FINANCE. Reserve Bank shares are still in active demand, but at the end of the week showed a slight recession. The 4 p.c. preference shares of the Commercial Bank of Australia had" buyers at. £9 13s. Commercial Banking Company of Sydney had buyers at £17" 2a 6d. National Bank of New Zealand were inquired for at £3 10s, sellers quoting £3 16s. The turnover in bank shares was fairly heavy • during the week, sales icing reported as follows:—'■■ Reserve Bank, £6 10s, £6 9s 9d, £.0 10s, £6 8s 6d, £6 9s 3d, £6 9s; Bank of New Zealand, 47s 6d, '47s 2d,'47s 3d, 47s 6d, 47s 7%d,-47s 7d, and D Long Term, 345, 33s 9d; National Bank'of Australasia (£5), £6 2s, £G, £6 ss; Commercial Bank of Australia, 15s. 9d, los lid, 15s lOd; Bank of New South Wales, £31 6s 6d, £31 15s, ' £32; Bank of Austral-: asia, £11 8s 6d, £11 10s, £11 12s 6d; Bank of Adelaide, £5 7s 6d; Eng., Scot., and Aust. Bank, £5 6s, £5 7s 3d, £5 7s £5 6s 6d, £5 7s 6d; Union Bank, £9 10s, £9 11s, £9 12s. Buyers of Queensland shares offered 70s without eliciting any quotation from holders. The business done m insurance company shares this week was reported as follows: — Australian Provincial Assurance, 10s 3'/-d- National Insurance, 19s 10% d, IDs HV-di 19s 10% d; New Zealand Insurance, 61s 6d, 625, 61s 6d, 62s 3d, 635, 62si 9d; South British, 82s 9d, 82s 6d/ S3s 10% d, 84s; Standard, 675. , Stock and station company shares commanded some attention this week. New Zealand Loan and Mercantile (pref.) had buyers at £75. The £5 paid shares of the Farmers' Co-operative Auctioneering Company were in request at £3 ids. Wright, Stephenson (pref.) had buyers at 19s 6d. . , Among financial companies .whose shares were in demand but ot which no sales were notified were Wellington Trust and Loan at £5 12s 6d; Eqmtab es at 475; Wellington Investment 1. and A- at 8s; Wellington Deposit and Mortgage at 4s 3d; National Mortgage -B at 31s; Mutual Benefit (Christchurch) at £10 10s. Transactions during the week m shares m this section were reported as follows.— Abraham and Williams (pref.), 92s Od; Dalgetys, £9; Dominion Investment, lbs lOd; Farmers' Auctioneering (B pret.J, our 6d and (£5) £3 15s; Goldsbrough MoS 29s 10d, 30s, 30s 3d, 30s 6d 30s ]ld, 31s 6d, 31s Bd, 31s 7d; New Zealand Guarantee Corp. 4s 6d, 4s 7d; New Zealand Loan and Mercantile (ord.), £53 15s; United Building (Christchurch), 21s Gd. COAL, BREWERIES, AND MEAT. Coal mine shares continue on a rather slack market. There were, however, bids o£ 13s Cd for ordinary and 23s tor preference in the Taupiri Company. Renown Collieries continue to attract attention ot buyers with bids of Is and Is 3d for the old and new preference shares respectively. Gas shares are well held, with unsatisfied buyers of Wellington at 39s (ord.) and l'ss 6d (pref.). Napiers had buyers at £10 10s for both ordinary and preference, but there were no disclosed sellers. Ohristfhurch Gas were in good demand at 31s 6d, with 15s and 15s Id. bid for the 10s paid shares. Timaru Gas were wanted at 2*3. Sales of coal, gas, and other shares as reported will be found hereunder. Brewery shares are in moderate demand and those of the big New Zealand organisation exhibited an easier tendency towards the end of the week. For Carltons (cum div.) thero were buyers at 44s Gd, and Tooheys were wanted at 26s 6d to 26s 9d. Freezing companies' shares in request included North Canterburys at 18s. Ship-

ping shares were on a rather quiet market, j Huddart-Parker (ord.) were wanted at 32s to 335,- including dividend. Howard Smiths were inquired for at.lss. Kelburn, Trams had inquiry at .245. Woollen company shares continue holding their own with a marked recovery in Kaiapois. Wellington (pref.) had buyers at £5-9s, but with no , disclosed sellers. ■ Timber companies' shares are, attracting some, attention. Taupo Totaras-were wanted, at 65, : and Nationals'had buyers at 8s Gd. to Ss 9d. Parker-Lambs were iv demand at Is. .Sales in the above sections were reported as follows:— Coal—Renown, Ss .Gd; Westport-Stock- ; ton '(pref.), ss, 4s 9d; Westpoi-t, 19s. Gas—Auckland, 255-3 d, 25s sd, 25s 6d, -. 25s 7d, and (con.) 18s 9dv 18s lOd. Breweries—New Zealand Breweries, . '48s, 48s'3d/47s 9d, 48s, 47s lid, 47s 6d, '■'■ 47s'3d, -47s 3d, :47s 6d, 47s sd; Staples, ; ■ 31s"; 6d;": Tooths, 455. • 'Freezing Companies—Gear, 25s 3d, 25s 9d,' 26s Get; New Zealand Refrigerating (£1 paid), 18s'Gd,' 185.5 d, 18s'9d, 18s 6cH . and" (10s-paid), 9s; Southland, 71s. Shipping.—Northern Steam. (3s 6d pd.J, Is Gd; Union Steam (pref.), 27s 4d. AVoollen.—Kaiapoi, 13s, Gd and (pref.) 20s Sd, and (7s, pd.), 4s sd, 4s 8d; Mosgiel, £10 12s 6d. Timber.*—Bartholomew, 14s 6d; Kauri, . 17s Gd; Leyland ■ O'Brien, 22s 6d, 22s 4%d, 22s 6d. : . - MISCELLANEOUS. Inquiries in the miscellaneous section included-buyers,of New Zealand Paper Mills at '31s'.3d; New Zealand Newspapers at 31s;1 Berlci, 295; Henry .Jones at 31s 4d; Wilcox Mofflin at 13s; New Malay Rubber (ord.), at 7s; and Mason, Struthers ,(10s. ex-div.), at Ss. Business reported.in, .the",miscellaneous section was as follows:— : '.'-.-■ Anthony Hordern. 14s 4d, 14s 3d; Australian Glass, 50s Gd, 50s 3d, 51s; Australian Loan and Steel (pref.), 22s 2d. Broken Hill Proprietary, 49s fid,. 49s 3d 49s 2d,' 48s lid, 4Ss fld, 49s 3d,-48s 94; British Tobacco, 37s 2d, 37s Id; Bycroft, 525. - - :•; "-.:. - Consolidated -Brick, 8s 6d, 85.7% d, 9s 9d;'Colonial Sugar,. £66 ss. ■D.I.C. (pref.), 255: Dominion Fertiliser; 19s lOd, '20s; Dominion Rubber, '■''Ss'Gd: Dunlop.'Perdriau Rubber, 19s Gd, ' 39s 9d,: :19s lid,' 19s Sd, 19s lOd, 19s 9d, . lfe.'Gd. - ' . ?.', Electrolytic Zinc (pref.), 355, 35s 3d, and:(ord.), 27s Od, 27s lOd, 28s Id, 28s. /•'.-. Farmers'' Trading, ;6s Id; 'Farmers' Fertiliser, 19s Bd, 19s 6d. Quill Morris' (in liquid.), 3s lid, 3s Gd.;'.-I-, " ■■■.'■- ...:■' >Robiiison Ice. 18s. -.James- Stedman-Hendcr.son, 16s sd; Sharla.nUs-. (ord.),-20s; "Sun" NewspapWilson's Cement, 30s, 30s Id, 30s. '■ V Unlisted— Claud Neon, 37s 6d, 375; Metters (N:Z.), ss; Waikato Carbonisation, £45; Woolworths (ord.), 68s 6d, 68s 3d, ,68s 9d, 695, 63 5 : Gd, GBs'9d, 695, OSs 3d, 63s Sd, 63s'9d; .695,-..,68s 6d, 68s . 9ci."'-v.' ■■.:-.: : ■ - ''■: .-..'. -