STOCKS AND SHARES

Evening Post, Volume CXIX, Issue 109, 10 May 1935, Page 10

STOCKS AND SHARES

A FIRM MARKET

BRISK BUSINESS

(B% .^Telegraph.—Press Assn.—Copyright.) SYDNEY, May 9. The Sydney Stock Exchange was extremely animated today and there was lieayy trading in all departments, with •a moderate reaction in trading shares in ?Jvhich there was recent speculative buyrag; -but all the better class invest-ments.-maintained a strong front. .Sales: Bank of New South Wales, £31 10s; Commercial Banking Co. of Sydney, £17 15s; Colonial Sugar, £41 10s; Australian Provincial Assurance, 21s 6d; Associated News, 223 7%d, and pref., 23s l%dAustralian Gas, A, £8 Is 6d; British Tobacco, 38s 6d; Australian Iron and Steel, pref., 22s lOVjd; Duulop-Perdriau, 17s 3d; Wilcoj; Mofflin. 10s 2d; Henry Jones 30s 9d; ; Fanners, 275; David Jones, 41s 9d; General..-Industries, 168 l%d, and pref 235; Wunderlich, 20s 6d; Drug Houses of Australia, 25s 4%d; Goodyear, pref., 33sTooths Brewery, 535; Tooheys, 28s 9dBroken, Hill Proprietary, 54s 9d; Bulolo Gold, £9 Is 6d;. Malim Nawar Tin, 13s; Euratha, 3s 9d. Commonwealth Bonds, 4 per cent., 1938, £104 2s Cd; 1941. £105 ss--1944, £104 12s Gd;- 1947, £105 15s; 1950' £106 12s Gd; 1953, £107 2s 6d; 1955, £107 6s 3d; 1057, £107 53; 1959, £100 2s 6d--1961, £105: 15s. . ... MELBOURNE, May 9. Stock Exchange sales: Commercial Bank of Australia, pref., £9 15s; Commercial Banking Co. of Sydney, £17 10s; National Bank of Australasia, £5 paid, £6 ss; Queensland National Bank, £5; Metropolitan Gas, £14 4s; Mount Lyell, 20s iVzd. "Evening Post," May 10. Trading in Government Stocks and Bonds this week has been but moderate. Prices, however, are well sustained, and the., market may be described as firm. Business in general was fairly active in all"6tner sections of the list, with a good demand.. for bank shares and a general appreciation in the values of such investments, in which advance the shares of the Reserve Bank participated. Insurance shares are all strongly, held. The market lor all non-speculative investments is firm and the business done during this short week may be described as brisk. The inquiry for Government loans included 3% pic. Stock (1938-41) at £102 10s and Bonds at £103 7s 6d. Sales of Government loans were reported as follows:— ■3% p.c. Stock (193843), £105; 3% ..p.o. Stock, "B" (1941-52), £107 10s; 3Va :p.c. Stock (1935-52), £107 10s, £107 ss; '•.3V6 p.c. Stock (1939-52), £107 10s; 4 p.c. Stock (1940), £104 12s «d, £104 7s 6d. wind Bonds, £104 7s 6d; 4 p.e. Stock ;{1946), £107, £107 10s; 4 p.c. Stock ■(1949), £107 10s; 4 p.c. Stock (1955), <;£ll2, £111 12s Cd. . interest in local body and company debtentures is fairly well sustained, although but little business was recorded in the foifmer securities. For 6% p.c. Gisborne JbWeepfarmers (1941) there were buyers at £.100. The 7% p.e. issues of Amalgamated Brick (Auckland and Wellington) had buyers at £101 and £100 respectively. Sales of debentures over the week were reported as follows:— [.■ iV* p.c.. Auckland Harbour (1940), £102 10s; 4% p.e. Auckland Transport ,(194446), £105, £105 10s; 4% p.c. iChristchurch Drainage (1959), £107; 4% ip.c. South Canterbury Power Board i 1961), £100. -8%.-p.c-Wellington Gas (1941), £104; ■ -4%--p l o^_New Zealand Farmers' Co-op. (1941), £81 10s, and ditto (1942) £81. BANKS, INSURANCE, AND FINANCE. Demand for bank shares has been keen and prices generally show improvement on buyers' offers before the holidays. Commercials of Sydney were in request at £16 15s, rising to £17 ss, but there were no declared sellers. E.S. and A. had buyers at-94s to 95s 6d,but at the close «f the week £5 was sellers' lowest price, bales of bank shares were imported as follows:—. ■■.-■• ' . Reserve Bank, £6 13s 3d. £6 13s Gd, £6 13s; Bank of New Zealand, 50s 9d, 50s 6d, 51s; Bank of New Zealand, D Long Term Shares, 345; Bank of New South Wales, £31; Commercial Bank of Australia, 15s lOd, 15s lid, and (prefs.) £9 14s; National Bank of New Zealand, 675, 67s Gd; National Bank of Australasia (£5 pd.), £0 2a Gd, and (£10) £12 13s Gd; Bank of Australasia, £11, £10 19s; Union Bank, £8 12s, £8 13s, £8 12s Gd, . Insurance shares inquired for includod A.P.A.s at 21s 7d, holders wanting 22s 6d._ Queenslands did not figure in the quotations. Sales were reported as follows:— Australian Provincial Assurance, 21s 7d, 21s 6d; National Insurance, 21s 7%d, -21s 10d,.21s 7d, 21s Bd,-21s lOd; New Zealand Insurance, 71s 3d,-71s; South British Insurance, 995, 99s 3d; Standard Insurance, 72s 6d, -72s 9d. Investment and stock and station companies •shares attracting buyers' attention included Farmers' Auctioneering (£5 paid) at £3 14s; Loan and Mercantile (ord) at £35 to. £36 and (pref.) at £90. Perpetual Trustees, Christchurch, were wanted at 655; Wellington Deposit and Mortgage at 4s 9d; and New Zealand Guarantee Corporation at, 5s 6d.. Sales in this section were reported as follows:— Dalgety and Co., , £B'3s, £8 2s 6d Dominion Investment and Banking, 16; 6d; Goldsbrough Mort, 30s, 30s 3d, 30s 6d 30s 4d; National : Mortgage, A, 52s Tvorth Auckland • Farmers' Corop. (I pref.),. Gs; Traders' Finance (contr.), 2 9d; United Building (Auckland), 19s 3d COAL, GAS, AND OTHER. But little attention was paid to coal, gas and shipping shares during the week although m this group there were keei inquiries for Westport Coal at 21s, Puke mvros at 22a, Renowns at 6s 9d, thes< showing a rise on the week. Gas sharei were firmly held, with buyers of Timarui at 20s. Shipping shares were on a quid market, with .buyers of Huddart, Parkei (ord.) at 37s and (pref.) at 25s Gd to 2Gs. Sales in these three sections of the lisi were reported as follows:— Westport Coal, 21s 3d; Westport Stockton Coal, Is 10% d, Is 10(1. Auckland Gas (cout.), 20s 6d, auc fpaid) 28s. 2Ss Id, 28s; Christchurcl: Gas. 36s 6d; Wellington Gas (ord.), 43: id. Devonport Ferry, 22s 9d; Northeri Steam- (cont.), Is 2d, Is 3d; Union Steaii (pref.), 27s Gd. ■Woollen shares were in good demand ■with inquiry for Wellingtons at £5 19s 6ci to £6 0s ,6d. Kaiapoi (17s paid) had unsatisfied buying orders at 14s 3d and (pref.) at 17s Bd. Tattersfields, Auckland, were wanted at 23a 6d. Sales were as follows:Mosgiel Woollen, £11; Manawak knitting, 30s lid, 375; Bruce Woollen (ord.), 13s Gd. There was a heavy turnover hi shares Jn the big New Zealand brewery concern, and that, on a rising market. Inquiries were alsp made for Tooths at 52s to 52s 3d and Tuis- at 335. Business done in brewery shares was reported as follows:— Dominion Breweries, 15s, 153 Gd; New Zealand Breweries, 55s Id, 555, 55s 3d. 55s Od, 55s 7d, 55s Bd. 55s sd, 55s 6d, 55s 7d, 05s 9d,'55s Sd; Staples, 32s 3d, 33s Gd. 33a. ..- . There was practically nothing doing in the meat share market, although there were offers to buy New Zealand Refrigerating : (£1) at 19s Gd and North Canterburys at 13s. Wellington Meat Export (ord.) were wanted at ss. Sales were as follows:— : New Zealand Refrigerating (10s pd.), 9s, 9s Id, 9s 2d; Southland Meat, 775. Buyers of timber shares were unable to obtain Bartholomews at 16s. Other companies' shares were not inquired for, Sales were as follows:— Kauri Timber, 19s 7d, 19s 9d; National Timber, 12s-9d. MISCELLANEOUS. Considerable attention is being paid to

various investments under tin; above headin?. Australian Glass were sought at 5Ss to nSs fld, sellers asking up to 61s. Australian Iron and Steel (pref.) had inquiry at 22s 3d to 22s C«l. There were orders to buy Imperial Chemicals at 40s, but sellers insisted on • ios. Quill Morris had buyers at 4s Id. Bycroft, Ltd., were in demand at 50s fld. The business reported in this section during the week was as follows:— Anthony Hordern, ISs 2d, and (pref.), 245. Death's, 30s Od. 30s 3d: Broken Hill Pty., 52s 9d, 53s ft]. 53s 3d. 535, 53s 6rl, 545, 54a 7d, Ms 3d; British Tobacco. 395, 38s Od, 395, 38s Bd. Colonial Sugar, £42 7s (Id, .642 ss, £42 7s 6d; Claude Neon (Syd.), 48s 3d, 50s; Consolidated Bricks, 7s: Claude Neon, N.Z., 425. . Dominion Fertiliser, 22s 4d; DunlopPerdriau Rubber, 17s 3d, 17s 2d, 17s 4d, 17s 3d. Electrolytic Zinc (ord.), 2as 4d, and (pref.), 34s 3d. Farmers' Trading, 7s 4d. { X.D.V. Boxes (10s pd.), 10s Od; Kelburn Tramway (pref.), 275. Milburn Cement, 445; ■ Morris Hod- ] strom, 18s 9d, and fpref.;, 23s 10d; Mount Lyell, 20s. 19s lid,'2os ld> 20s, 19s lOd, 19s Bd, 19s 9d, 19s lOd. ■ New Zealand Drug, SOs, 7f)s.9d, SOs; New Zealand Newspapers, 35s 3d. Sandford, 2s Oil; "Sun" Newspapers, 4s lid, ss, os sd, 5s 6d, us 4d, 5s lOd, 5s 9d, Cs. Union Oil, ex div., 28s 6d. Wilson's Cement, 35s 3d; Woolworths, N.Z. (ord.), £11 2s 6d, £11. Unlisted.—6% per cent. Auckland Trotting Club (1939-44), £100, £102; Nation--1 al Tobacco, 675, 68s; New Zealand Per- ! petual Forests, 475; Woolworths, Syd., 89s 6d, 89s, 88s 9d; Woolworths, West. Aust., £6 2s 6d. -