STOCKS AND SHARES

Evening Post, Volume CXX, Issue 126, 23 November 1935, Page 14

STOCKS AND SHARES

A STEADY MARKET

BUSINESS INCREASING

"Evening Post,"* November 23. Notwithstanding th<e General Election in the Dominion, investors appear to take a sanguiteie view of the market, especially tovaards the close of this week. Governnaent Stocks and Bonds registered slight) advances, and bank and insurance sfciares continue to be firmly held, some ;makirig higher prices than last week! notably the Bank of New Zealand, .Reserve Bank, and Commercial of Australia. The business reported in Go\iornment loans this week was not in Barge volume, sales being as follows:—\ .■/■■ 3J per cent. Stock (Starch 15 and November 15, 1939-43)j £102 15s, £103, £103 Is 3d; 3i poar cent. Stock (1939-52), £102 15s; 4 per cent. Stock (1940), £102, £]|02 ss; 4 per cent. Stock (1946), £1041 7s 6d, £104 18s- 9d,- £104 17s 6d, 3i105;, A per cent. Stock (1949), £105?i3s 9d,:£105 ss, £105 7s >6d; 4 per ■*,cent. Stock (1955), £108 3s 9d, £108W|7s 6d, £108 SS. Local body and company > debentures having inquiry included 4$ per cent. Central Power Board (1947e(, at £105. In general, sellers were prepared to do business. Company debentures having buyers, but of which no ssales were reported, included 61 per «:ent. Wellington Gas (1941), at £102 ;ss;. 6J per cent. Gisborns Sheepfarmetts (1941), at £100 to £100 10s; 61 jper cent. Booth, Macdonald (1937), at} £66 ss: 4} per' cent. New Zealand IBefrigerating Company (1940-45), at dUOI 10s. Sales of local authorities' andicompany debentures were reported \as follows:— > 4J per cent. Auckland jHarbour Board (1943), £105; 4i plir cent. Auckland Power Board U94(jlv £105; 4i per cent. Christchurch Transport Board-(1957), £106. T 41 per cent. New Zealand! Farmers' (1940), £85; 71 per cent.l Amal■gamated Brick, Auckland '(1944), •£lOl 10s. PANKS, INSURANCE, FINANCE. Improvement in the wool and,* dairy markets, together with the inert: asing demand for bank accommodation may be'inducing investors in bank Glares to; raise their limits. There weis; unsatisfied orders to buy National .Bank of Australias (£5 and £10) at £J|3 14s and £13 4s "6d respectively, and? E.S. and A. (cum div,) at £5 Bs. Conamercial of Australia (pref.) were wanted at £9 12s, and Commercial of Sydney at £17 13s 6d. The business done in-bank shares was reported as**follows:'— . Reserve Bank, £6 ss; Bank of .ttrew Zealand (cum div.), 50s lOd, 151s, 51s 3d; Commercial Bank of Jlustralia, 16s • 6d, 16s 9d, 16s lid, il6s lOd, 17s, 16s lid, 17s; Bank, of Ntew South Wales. £33 ss, and (Sydtney register), £33 2s 6d, £33 7s 6d; Bank of Australasia, £11 7s; Er.iT, Scot., and Aust. Bank, £5 7s, .£ 5 9s; Commercial Banking Co. of Sjkl- ' riey, £17 16s 3d; National Bank of New Zealand, 745; Union Bank, iM9 9s, £9 10s, £9 9s. ; Insurance shares wanted but of which no business was reported t'ii noon yesterday, included 'Queenslandb; at 555, holders'asking 58s'6d to 6O.t\ Standards had'buyers at 66S ' to 67st but sellers* lowest quotation was 71si Australian Provincials (cum div.) werei in demand at 20s, with sellers at 215.l Sales; of insurance companies' shares? were reported as follows:— I Natfonallrisurance, 395, 19s Id, 19sI 3d,, 19s 2d. 19s 3d: New Zealand In-3 surtace, 63s 6d, 645; South British,' 92s 9d, 935, 945. ' j Stock and. station and investment companies' shares attracting buyers included Farmers' Auctioneering (£5) at-78s; National- Mortgage -A at 455; Wairarapa Farmers (pref.) at 2s 9d; Equitable Building at £6 10s; Mutual Benefit, Christchurch (£10) at £13; United Building, Auckland,,at 19s 6d. Sales in this section were reported as follows:— Abraham and Williams (pref.), 78s; Dalgety and Co., £8 2s 6d; Dominion Investment, 15s 9d; Farmers' Auctioneering (£1 paid), 12s 9d; Goldsbrough Mort, 31s 2d, 31s 6d; Mortgage Corporation, 5s Bd, 5s 7d, 5s Bd, 5s 7id; New Zealand Investment Mortgage' and Deposit, 9s; New Zealand Guarantee Corporation; ss;-Wright, Stephenson (pref.), 19s 6d; Wellington Investment, 9s. GOAL, GAS, AND OTHER. Business was very slack in the coalmint: section of the market this week. Buu there .were inquiries for Taupiris (ord.) 16s and (pref.) at 21s. Kaitangatas were inquired for at 20s 9d. Pukemiros at 245, Renown at 9si Bd, and Westport-Stbckton (10s) at Is 7d. Sales of gas shares were but ,few,. although there were buyers of Wellington (ord.) at 38s 9d, and Thames at 6s 3d. Sales of coal and gas shares were notified as follows: — Westport Coal, 235. Auckland Gas (paid 22s 6d), cont, 19s 3d; Christchurch, 355, 35s 9d, 35s lld.and (10s paid), 16s 9d. Shipping shares held their own, with an improvement in P. and O. deferreds on last week's quotations. Huddart. Parker (ord.) were inquired for at 37s and (pref.) at 275. Buyers of. New Zealand Shipping (pref.) were offered £11, but no sales were reported. Business done was as follows:^ Nbrthern Steamship, 6s 3d; P. and O. deferred, 23s lid; Union Steam Ship of New Zealand' (pref.), 27s 6d. . Freezing companies' shares wanted included Gears at 225, sellers holding for 235; North Canterburys had inquiry at 17s 6d. Sales were reported as follows:— Canterbury Meat (pref.), £6 4s; Southland Frozen Meat, 78s; New Zealand Refrigerating ■ (£1 paid), 22s 2d, 22s 4d; and (10s paid), 10s Bd, 10s lOd, lls, 10s 9d, 10s lid. Woollen manufacturing companies' shares in demand included Wellington Woollen (ord.) at £5 17s, with no declared sellers; Manawatu Knitting wanted at 40s 3d; and Tattersfield, Auckland (ex div.) at 24s 3d. Sales were reported as follows: — Mosgiel, £10; Kaiapoi (7s paid), 4s lOd. BREWERIES AND VARIOUS. Interest was fairly keen in breweries as investments and prices generally were higher than the past week or ten days. Tooth and Co., Sydney, propose a cash bonus of 2~J per cent and an issue of shares at par to shareholders in the proportion oi one for every, ten shares held. Shares of J Staples and Co., Wellington, had good inquiry at 33s on Thursday and up to 36s 6d in Christchurch. the same day where there were sellers at 38s. Sales of brewery shares this week were as follows:— Dominion Breweries, 16s 9d, 17s Id; New Zealand Breweries, 54s 54s 6d, 54s 3d, 55s 9d, 55s 4d, 55s 6d, sos 9d, 55s 3d, 55s 2d, 55s 3d, 55s' Tooths, 58s 6d, 59s 6d. 59s 7£d, 58s • 6d. 58s; Timaru Brewery (7s 6d paid), 9s Id; C. L. Innes, 20s 6d. Timber share values reflect improvement in the building industry with, buyers of Rotoitis at 6s and Bartholomews at 16s. Sales were as follows:—■

Kauri Timber, 23s lid, 245; Leyland O'Brien, 22s 9d; National, 14s 9d; Taupo Totara, 8s 3d, 8s 2d, 8s 9d, 8s Bid. Briskness characterised the business done in the miscellaneous section with special attention paid to Australian metal concerns, including Broken Hill Proprietary, Mount Lyells, - Mount Morgans, and Electrolytic Zincs. Colonial Sugars were on a rising market. Sales were reported as follows:— Anthony Hordern, 19s 2d, 19s 4d; Amalgamated Textiles, £6 lls sd; Australian Iron and Steel (pref.), 25s* Broken Hill Pty., 575, 57s 3d, 57s f»d, 57s 9d, 58s, 58s 9d, and (5s paid), 275, 27s 6d, 27s 9d, 275, 28s 2d, 28s 3d; Bycroft, 51s 6d; British Tobacco, 39s 9d, 40s 2d, 40s 3d, 40s Id, 40s, 40s 3d. I Claude Neon (N.Z.), 41s (ex div.), ! 40s 2d; Consolidated Bricks, lls 3d, j lls Id, lls 2d, 10s 9d, 10s 6d, 10s 8d; Colonial Sugar, £41 17s 6d, £42, £42 2s 6d, £42 10s, £42 ss. Dominion fertiliser, . 245, 23s 9d; Dunlop-Perdriau Rubber, 16s, 16s Id, 16s 2d. 16s 3d. Electrolytic Zinc (pref.), 38s 3d, 38s 6d. 39s 2d, 39s 3d, and (ord.), 34s lid, 355, 35s lid, 355, 35s 3d, 35s 4d. 35s 6d. Farmers' Fertiliser, 19s 6d; Farmers' Trading, 7s 4d. G. J. Coles, 65s 3d; General Industries, 20s 3d, 20s ljd, 20s 2d. X.D.V. Box (10s ..paid). 9s 6d. Mount Lyell, 21s Id, 21s, 21s 3d, 21s 4d, 21s 6d, 21s 7d, 21s 6d, 21s sd, 21s 4d, 21s 3d; Milburn Cement, 435; Morris Hedstrom, 24s 6d. N.Z. Drug, 795, 80s; N.Z. Paper, Mills, 27s lid, 27s 6d. Procera Bread, 40s 6d, 47s 6d, and yender, 42s 6d. Quill Morris (in liquid.), 6s»£d. Sanford Fish (pref.), 12s 6d. Wilson's Cement, 44s 6d; 44s 3d; Woolworths (N.Z.), £5 16s 6d; Woolworths (2nd pref.), 26s 6d. Unlisted.—Afforestation Shares, £32; Christchurch "Press," £11 2s 6d; South Westland Estates, 16s; Tiproff Seal, 455, 45s 6d; Woolworths (Syd.), £5 15s Gd, £5 16s, £5 15s 9d, £5 16s, £5 16s 6d, £5 17s 6d, £5 17s 3d, £5 16s 6d, £5 17s, £5 16s"9d, £5 17s 6d. MINING AND DREDGING. The chief feature in the mining section this week was the keenness shown in Mount Morgans. Others were generally quiet. .Sales were as follows: — Bendigo Goldlight, 4d; Big River, Is BJd. Deep Lead, Is 3d, Is 4d. Gillespie's Beach. Is Id: Golden Dawn, 2s 9d. King Solomon, 3s 4d, 3s 6d, 3s sd. • Mount Morgan, 375, 36s 6d, 37s 3d, 38s, 37s lid, 37s sd, 38s, 37s 9d, 37s lid, 37s 10id, 38s, 38s 2d, 37s Bd, 37s 9d, 38s, 37s 8d; Maori Gully, Is 3d, Is Id," Is lid, Hid, lid; Maerewhenua, 2d: Mataki, 2s 6d, 2s s£d, 2s sd, 2s 4d; Martha, ex div., 21s, 21s 3d, 21s 4d; Mossy Creek, Is 2id, Is 3d; ' Mount Kasi, 16s. Okarito, 5s 7d, 5s Bd. Rawang Tin, 9s 2d, 9s. Skippers, 3d, 4d, 3Jd, 3Jd, 4d, 33d, 3Jd. Talisman Dubbo, 10s 6d. Waihi Investments, 17s, 16s 9d; Waihi Grand Junction. 3s lid; Worksop Extended, 2s 6£d. Unlisted.—Emperor Mine (10s paid), 21s.