INVESTMENT PRICES

Evening Post, Volume CXXIX, Issue 111, 11 May 1940, Page 14

INVESTMENT PRICES

AUSTRALIAN SHARES

DEALINGS RESUMED

"Evening Post," May 11. The volume of stock and share business reported this week has been small, notwithstanding the reappearance in the list of quotations of Australian shares and transactions in them recorded. The market generally is dull and this condition also applies to Australia where domestic affairs are still unsettled by the coal miners' strike and political tension; and the disturbance of all market-? caused by the war is common to all the British Dominions. But the latest turn of events m Europe will give a shock to all markets. Taking one consideration with another, the investors' lot is not a happy one. However, business in New Zealand showed* improvement towards the end of the week and Australian shares made a somewhat-halting return to the market. The demand for New Zealand Government loans was quiet at the end of the week and sales of parcels small and large have been numerous with minor fluctuations in prices. The prices reported paid for Stocks and Bonds a year ago and those at which business was done last week, and closing prices this week, are as follows:— Rate May. Last This Per Year. 1939. weeli. week, cent. S £ £ 3 .... 1941 96% *100 100} i Sy 2 .... 1940-57 91 lOOV2 100% 3% .... 1941 98 101% 102 4 .... ,1940-43 — 101% 101% 4 ..., 1943-46 98^4 103 103 4 .... 1946-49 98 • 103% 103% 4 .... 1948 — 106 105 4 .... 1949-52 96% 105% 105% 4 .... 1952-55 98% 106 105% 4 .... 1954-58 — 106% 106% ♦Buyer. Interest is due on 4 per cent. (1949----52) and on 3| per cent. Stock (1941) on May 15 next, r d on 4 per cent. Stock (1948 and 1958) on May 31. Eeported sales of Government Stocks and Bonds this week were as follows: 3 per cent. (1941), £100 ss. 3h per cent. (1953-57), £100 10s. 32 per cent. (1941), £101 15s, and nds, £102. v I per cent. (1940-43), £101 15s. 4 per cent. (1943-46), £103. i per cent. (1948), £105. 4 per cent. (1946-49), £103, £103 ss. 4 per cent. (1949-52), £105 15s, £105 17s 6d, £105 10s, £105 15s. 4 per cent. (1952-55), £105 17s 6d, £105 10s. 4 per cent. (1954-58), £106 10s. DEBENTURE SALES. Local body 4£ per cent, loans reported sold were as follows:—Dunedin City (1943), £102 10s; Hamilton Borough (1955), £105 ss; Mount Albert Borough (1953), £105 ss; Mount Eden Borough (1951-56), £104 ss; Auckland Harbour (1959), £107. Demand for city loans continues good. Company debentures dealt in were 7£ per cent. Williamson Pictures (1949), £90; 6 per cent. Amalgamated Brick, Auckland (1944), £102 10s.

NEW ZEALAND SHARES. Highest prices paid or bid for New Zealand shares last week and this week, as reported, were as follows:—

Last week. This week.

£ n. d. £ a. d. Bank of N.Z. (ord.) . 2 4 0 2 3 6 Bk. of N.Z., D shares *1 8 6 19 6 N.Z. Insurance 356 34 6 S. Brit. Insce 2 10 3 2 9 0 National Insce 0 19 9 0 19 4 Standard Insce *3 2 6 *3 2 6 Kaitangata Coal 1 10 0 1 11 0 Renown' Coal 0 12 0 0 12 6 Auckland Gas (10s) .. *0 8 9 0 9 6 Christchurch Gas .... *1 6 0 1 6 6 N.Z. Refrig., 10s .... 010 1 0 9 6. N.Z. Befrig., £1 ... 113 10 7 Dominion Breweries .. 1 14' 6 114 0 N.Z. Breweries 1 18 9 1 17 0 Kaiapol Wool 015. %. 015 2 Oamaru Wool '....... *0 18 6 0 19 0 M.K. Manufacturers'.. 0 6 0 «0 6 0 Manawatu Knitting .. *0 18 6 10 3 Prestige (N.Z.) pref. fl 3 0 019 0 D.1.C., pref. ........ 129 12 6 Woolworths, N.Z 0 18 6 0 17 11 Farmers' Trading .... 110 110 Hays, Ltd., con *0" 15 6 0 16 0 Mac Duffs .......... *0 7 2 0 7 6 Rotoiti '.Timber 040 04.0 Taupo Totara ... 0 5 1 0 5 1 Consolidated Brick ... 0 910 0 9 9 Wilson's Cement tl 0 6 0 19 3 North. Roller Mills ..1 00 10 0 N.Z. Drug *4 4 0 4 4 0 . Farmers' Fertiliser .. tl 110 116 1 ♦Buyer. tSeller. AUSTRALIAN SHARES. Prices reported paid or bid in New Zealand for Australian shares this week on resumption of dealings together with prices paid in New Zealand for such shares as at the week ended April 11, are shown in tabular form' hereunder. The Financial Emergency Regulations were applied as. on April 11 prohibiting all dealings within New Zealand in overseas securities, but the regulations. were modified as from May 1 and sellers of some of the principal"' Australian shares are again qUUp mfo midday yesterday sales ' this week were reported as follows: —

April 6. May 10. £ s. d. £ s. d. iComm. Bank Aust 016 9 016 0 E.S. and A. Bank .... 5 0 0 415 0 Queensland Insce. t| 5 0 *2 18 b Colonial Sugar 56 5 0 55 15 0 W. R. Carpenter *2 4 6 2 5 0 Howard Smith • U 7 6 13 b Broken Hill 213 0 210 6 Jit. Morgan 011 8 011 0 O. J. Coles 319 6 315 0 Woolworths, Ltd 13 10 10 6 Woolworth Props 1 7 0 1 6 0 Taranaki Oil 0 8 A *0 6• 9 ♦Buyers. TSellers, Then were also sales this week of 4 ncr cent. Commonwealth Bonds (1944) at £104 10s, These securities (1947> were quoted by sellers in AucklaTheOdo4nrwardo tren^S Broken Hill shares in Australia began early m April They were sold in Sydney on April' 8 at 48s 3d, and afterwards receded to 46s 6d, recovering toi 47s.Jd on April 15 and four days later faUing to 465. On May 2 sales at,45s t 3d wire reported. The reduction of the half-yearly dividend by 9d per share, together with the coal mines^ trouble, Imay explain why they have fallen m lvalue in Australian investors^ opinioi The New Zealand market for Bioken Hill shares this week was between 50s and 50s 6d v^™ trails There were also sales of Yarra Falls woollen shares at 455. No sales of New, Zealand oil or goldmining and dredging shares were reported, but Loloma <Fm> gold mine shares changed hands at 35s bd.