PRODUCE & MARKET REPORTS FROM DAY TO DAY

Evening Post, Volume CXVIII, Issue 95, 19 October 1934, Page 13

PRODUCE & MARKET REPORTS FROM DAY TO DAY

STOCKS AND SHARES

A STEADY MARKET

BUSINESS AS REPORTED

(By Telegraph.—Pi-ess Assn.—Copyright.) '■:'■■■ SYDNEY, October 18. •'On'the Sydney Stock Exchange today the;, demand for shares of retail companies was particularly strong. Banks were also higher and more active, but there was,.- a slight reaction in Commonwealth bonds. . ! Sales:— Bank of New South Wales, £33; Commercial Banking Co. of Sydney, £18 2s; Bank of Australasia, £11 18s; Bank of Adelaide, £6; Colonial Sugar, £75 10s; Associated News, 25s 4%d; Howard Smith, 16s 4%d; British Tobacco, 41s 6d;. Tooth's Brewery, 50a 9d; Goldsbrough Mort, 31s 7^d; Farmers, 24s 9d; Anthony Hordern, 16s; Lustre Hosiery, ex dividend-, 24s'0d; General Industries, pref., 25s 9d; Electrolytic Zinc, 28s 3d; Mt. Morgan, 365; . Broken Hill Proprietary, 53s 3d; Bulolo Gold, £9'4s; PJacer Development, £25; Euratha Gold, 10s (id; Commonwealth bonds, 4 per cent., 1938, £107; 1941, £108; 1944, £107 10s; 1947, £110; 1950, £110 16s 3d; 1955J £112 ss; 1957, £112 10s; 1959, £111; 1961, £112. "Evening Post," October 19. Turnover in gilt-edged and other investments this week has been well sustained, but interest in local body loans is slow. The 4 per cent. Government stocks and bonds redeemable 1940, sold at.round about £105, whereas a mouth ago they sold at up td £10S 2s 6d. On the other hand Government stocks of longer maturities show appreciations of up to 2 5-8 per cent, for' the 1955 maturities. Business done this week in Government, stocks and bonds has been reported as follows: —. . 3% per cent, stock (1938-43), £109 12s 6d; 3H per cent, stock (1939-43), ' £109 12s 6d; 4 per cent, stock (1040), £105, £104 15s, £104 18s 9d, £104 17s 6d, £105, £105 10s, and bonds, £105 ss; 4 per cent, stock (1946), £109 2s 6d,.£109 ss. £109 7s .6(1, £109 10s, and bonds, £108 ss; 4 per cent, stock (1949), £111 7r 6d, £111 10s, £109 10s, and bonds, £111 10s; 4 per cent, stock (1955), £113 17s 6d, £113 7s 6d, £113 10s, £113 7s 6d, and bonds, £113 7s 6d. '3 per cent, rural advances (1947), £104 ■5k • ■ - ■ There were buyers at the end of the week for 4% per cent., Wellington City (1944 and 1952) at £106 and £106 10s respectively; of 5% per cent. Wellington Harbour: Board (1940), at £104; and of 4fc per cent. Auckland Power Board (1948). at £102. No sales of local body loans were reported. Company debentures having inquiry included 5 per cent. Wright, Stephenson (prior lien), at £98; 6% per cent.' Gisborne Sheepfarmers (1941). at £98 to- £100; 6% per cent. Glaxos (1940 , af £91 to £100; and 6% per cent. Booth Macdonald (1937), at £69. Business in company debentures was reported as loiIqws: — ■ 6% per cent. Wellington Gas (1941), £104;' IVi per cent. Amalgamated Brick, Weilingtoa (1344), £105. ■The Christchurch Gas Company has notified its intention to pay off an issue jf £100,000 of its 5% per cent, debentures, maturing November 1 next. BANKS, INSURANCE, FINANCE. Interest in bank shares is well sustained with those of the Reserve Bank showing appreciation and Bank of New Zealand approaching 50s. There were buyers of Bank of New South Wales at £31 15s to £31 17s 6d; and of Nationals of Australasia (£5) at from £6 3s Gd to £.6.15s and (£10) at £12 17s, including dividend. *■ Commercial of Sydney had buyers'at £17-'l6s. "Sales-of bank shares this week,were as follows:— Reserve Bank, £6 10s 3d, £6 10s, £6 108 9d, £6 10s 6d; Bank of New Zealand, 48s lOd, 48s 9d, 48s 6d, 48s Bd, 48s 9d, 48s lOd; and D Long Term, 34s '6d, 34s 3d; Bank of Australasia, £11 17s 6d, £11 15s, .£ll 14s 6d, £11 14s; Com- ■ ' mercial. Bank of Australia, 16s 3d, 16s; 2d, 16s:ld; and (pref.), £9 18s, £10, £10 Is 6d, £10, £10 Os 6d; English, Scottish, and Australian Bank, £o 6s; National Bank of New Zealand, 70s 9d, 70s; Union' Bank, £9 6s, £9 7s 6d. Insurance • companies' shares inquired for included Australian Provincials at lls to lls -4d; Qneenslands at 725, and Standards' at 68s 6d to 695. Sales were reported as follows:— • Mercantile' Mutual Assurance, 24s 6d; National' Insurance, 21s Id; New Zealand Insurance, 60s 6d, 706; South British, 935, 93s 3d. Buyers of Wellington Trust, Loans offered £5 10s without 'attracting quotations from holders. New Zealand Loan and Mercantile (pref.) wero wanted at £75, and sellers of the ordinary shares in this company quoted £52; .Wellington Investment T. and A. Company shares had inquiry at 8s 9d. Wright,' Stephenson (pref.) were in demand at 19s 6d. Sales of shares in this section of the list were as follows: — Dalgetys, £9 4s, £9 6s, £9 4s 6d, £9 4s; Goldsbrough, Mort, 31s 6d, 31s Bd, 31s 9d, 315,6 d, ,31s 5d,. 31s 7d, 31s 8d; National Mortgage B, 325; New. Zealand Guararitee Corporation; 5s sd, 5s 3d, 5s 4d; Permanent Investment, £9 12s 6d; Unjted Building, Christchurch,- 21s. INDUSTRIALS AND OTHERS. 1 Coalmine shares excite but little interest, but • buyers of Renown were unsatisfied at :4s 6d, and Taupiris (ord.) were inquired for at :13s. ■ Business done in coal-mining shares was reported as follows:— \ Pukemiro,.2os 6d; Westpprt Coal, 19s Id; Westport-Stockton (pref.), ss. Gas shares had buyers of Wellingtons at 40s 6d, Christchurch at 345. Buyers of Napier (ord.) at.£lo 5s and pref. at £10 2s 6d met with sellers quoting £12. Australian Gaslight, A; at £7 10s. The business reported in gas company shares was as follows.: — . . Auckland Gas, 26s 9d, and (con.), 19s 9d. Brewery shares inquired for during the week included Carltons at 50s and Dominion Breweries at 10s 9d. The shares in the big New Zealand brewery concern reached 51s 6d, but have since become cheaper. Sales' were reported as follows: — .- :N'.W. Breweries, 50a 9d, 50s 6d, 50s lOd, 51s 3d, 51s, 50a 9d, 51s 2d, 51s Gd, 51s 3d, 51s, 50s 6d,' 50s 9d, 50s 7d, 50s 3d, 50s 2d, 50s; Timaru Brewery (7s 6d pd.), 7j? Id; Tooth's, 49s lid, 50s 3d, 50s ' 6d, 49s 9d, 50s 6d'; Staple's, 31s, 31s 9d, 31s 6d. • : Meat companies' shares were very quiet, but 'there were buying orders for Canterburys at £10 ss. Sales of shares in this eeetion were as follows:— N-.Z. Refrigerating (10s pd.), 9s 2d, 9e Id, 9s 3d; and (£1 pd.), 19s, 19s 4d.; .Shipping shares attracted some notice, with buyers of Huddart, Parker (ord.) at 35s 6d. Devenport Ferry had inquiry at 235.' Sales were as follows:— . Northern Steam (con.), Is 6d; P. and O. deferred, 21s. Woollen shares wanted were Mosgiels, at up to. £11, no sellers quoting. The .Wellington Woollen Company's ordinary and preference issues had buyers at £5 10s.. Sales of woollen shares were as follows:— Kaiapoi Woollen, 13s sd, 13s 6d, 13s 7d. Timber shares showed improvement, Nationals having buyers at 14s, Rotoitis at 2s fld; and Ta.upo.Totaras at 5s Gd. Sales

STOCK AND SHARES. ERRY AND DIGGES SMITH, Stock and Sharebrokers, National Bank Buildings (opp. G.P.0., Wellington). Members Wellington Stock Exchange. Cablw and Telegrams, "Ennesperry."

were confined to shares of one company, as follows: — Kauri Timber, 19s 2d, 19s Sd, 19s 9d, 19s lOd. ■ .■•■■• MISCELLANEOUS. There was a fair turnover in shares in the miscellaneous section, and business was reported as follows: — Australian Glass (cum div.), 525, 51s 7d; Australian Iron and Steel (pref.), 23s 9d. Burns, Philp, 57s 6d, 57s 7%d; British Tobacco, 40s, 40s 3d, 40s 6d, 41s, 41s 3d, 41s 2d, 41s 6d, 41s 3d; and (London delivery), 39s 9d; Broken Hill Proprietary, 52s 7d, 52s lid, 52s lOd, 52s 9d, 52s 8d; Bycrot't, 535; Brown, Ewiug (pref.), 22s 6d. Colonial Sugar, £75; Consolidated Brick, 11s. Dominion Fertiliser, 20s 6d, 20s 7d, 20s 9d;.Dunlop-Penlriau Rubber, 19s 6d, 19s •2d, 19s sd, 19s 9d, 19s lOd, 20s, 19s lid, 19s 9d, and (pref.), 36s 3d. Electrolytic Zinc (pref.), 35s od, 35s lOd; and (ord.), 28sr Gd. Farmers' Fertiliser, 19s 6d; Farmers' Trading (A pref.), 18s 6d. Mason, Struthei-s, (£1 paid), las; Alt. Lyell, 19s. 18s 6d, 18s od, 18s 7d, 18s Sd, 18s lid. New Zealand Drug, 79s 3d; New Zealand Newspapers, 32s 6d;" Northern Koller Mills, 31s, 30s 6d. . Quill, Morris <-(in liq.), -3s: Sliarlands (ord.), 26s 6d; Sa»ford, 2s lid, and (pret.). lls 3d; "Sun" Newspapers, 3s lid. United Provisions, 9s Gel. Wilson's Cement, 345. Unlisted.—National Tobacco, 71s; Procera Bread (10s paid), 12s 6d, 12s 9d; Silknit, :33s Gd; Timberlands Woodpulp (pref.), 19a Gd; Were's Invest. Trust, 4s 9d; Woolworths, 76s 3d, 76s 9d, 76s Gd. 765, 76s 3d, 76s 6d, 775. PEICE OF GOLD DOWNWARD MOVEMENT (By Telegraph.—Press Assn.—Copyright.) (Received October 19, 10 a.m.) LONDON, October 18. The price of gold is 142s Id per fine ounce. ■

Per oz. s. d. October 17 142 7 October 16 142 9% October 15 143 1 October. 13 142 8*4 October 12 143 I October 11 (record) .... 143 3 October 10 142 6 October 9 142 9 October 8 142 6 October 6 142 3 October 5 142 4 October 4 142 1 October 3 142 2Vi October 1 141 6 September 29 141 1*4 September 3 141 7 September 1 141 5 August 31 ................ 140 11% August 30 139 5 August 29 139 4% August 1 138 1 July 2 ....: i. 137 VA Junal 137 1% May 1 135 11*4 April 3 135 2 March 1 137 1 February 5 : 140 0 February 1 135 6 January 2 127 0