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Evening Post, Volume CXXXI, Issue 39, 15 February 1941, Page 7

FIRM MARKETS

BUYERS ACTIVE

FAIR BUSINESS

Evening Post, February 15,

Fair business was registered on the Stock Exchange during the week,. There was no spectacular movement in prices, the majority of sound shares holding their own on last week's quotations. Consistent inquirers came forward for War Loan, with sellers ttolding out for higher figures than last week. Sales were made at slightlyadvanced rates. Government Stocks showed a tendency to harden, and buyers were frequently on the market ready to pay a little more than last week's closing figure. The sales reflected a better tone in this section.

Banks and insurance .were generally ' steady, with more buyers than sellers coming forward and moderate business only going through. ' Good New Zealand industrials held their place on the market, and the week closed at levels largely similar to those of the previous week, though one or two leaders showed, an advancing tendency. " Australian shares showed little change, with a moderate volume of business compared with recent activities. Australian shares showed signs of falling as the week closed, this trend being doubtless a reflection of the depression of the Australian Exchanges following the Commonwealth Government's statement on the gravity of the international situation. The statement came too late in the week, however, to produce any appreciable effect upon the New Zealand market, and the local exchanges certainly did not react so sensitively as Sydney operators. Prices generally for Australian' holdings were little changed, but with a downward trend. Approximate prices for New Zealand Stocks this time last year and for last week and this week were as fol- • lows:—' Bate per Feb., Last This cent. Year. 1940. week. ' week. ■ , , £\ . £ £ S « 1941 9844 . 9514 99% 3% ..1953-57 94% 100% *100% 4 »• 1940-43* 101% *101% *101% '4 Z. 1943-46 102 103% , 104% 4 .. 1946-49 101% 103% 104% 4 „ 1948 101% 103% *102% -.4" •••■•« 1949-52 101 104% 104 / 4 .. 1952-55 101% 104% f105% 4 ... 1954-58 101 |106% 105% 'War-Loan 1953 • — 81% 82% , •Buyers' tSellers. Interest Is due on 4 p.c (1946) on February 5 and.oo 4 o.c. (1940-43) on March 15. Sales of Government' Stock as reported this week are as follows:— War Loan, £82 2s 6d;, 3 per cent. (1941), £99 10s; 3£ per cent. (1960), £100 12s 6d; 4 per cent. (1954-58), £105 17s 6d; 4 per cent. (1946), £104 2s 6d; 4 per cent. (1949), £104, £104 ss; 4 per cent. (1952), £104. Local body and company debentures included: Booth Macdonald, 5 per dent. (1947), £74; Napier Borough, 4£ per cent. (1956), £106 15s; Amalgamated Brick, 6 per cent. (1944), £103; Auckland Gas (pref. deb.), £98. NEW ZEALAND SHARES. Highest prices Did or realised last week tor New Zealand shares and ' those reported paid this week are as follows:— , v Last week. This week '-'£ 8 d. £ S. d Bank of N.Z. ..... 2 10 2 10 N Bank of N.Z., D ... 18 6 *1 8 0 Commercial Bank ... 0146, *0 14 8 Bank of A'asia. .8 15 0 |8 Hi ti Commercial Banking » • x«« « « Co." of Sydney ... 19 15 0 f2O 0 0 Bank of N.S.W. ... 29 15 0 29 5 0 "Union Bank ....... 7, 2 6 *6 17 , 6 N:Z; "Insurance '..:." 3 3 9 3 4 0 Sth. British, Insurance 210 6 211 0 National Insurance .. 0 18 9 0 18 9 Dalgety and Co. . 6 0 0 *6 V. 0 Newton King (pf.) ... 0 9 3 0 9 3 N.Z. Guarantee Corp. 0 3 0 *0 2 8 Westport-Stockton (pf.) 0 6-0 0 6 6 "■ N.Z. Kefrig., 10s pd. .. , — 0 8 3 N.Z. Kefrig., £1 ... 10 3 019 3 - Wgtn. Woollen (ord.) 615 0 *6 10, 0 Wgtn Woollen (pref.)* —. 6 12 V 6 Kaiapoi Woollen (ord.) — 0 13 0 Booth Macdonald (pf.) 0 5 0 0 5 '6 Woolworths (N.Z.) ... 014 8 tO 14 8 McKenzie's Depart. * Stores ........... 23 0 |2 4 0 Mac Duffs (pf.) ...» 10 2 1 0 0 N.Z. Breweries- .... 113 0 113 3 Dominion Breweries . 111 0 110 9 Dominion Fertiliser -. 1 7 0 1. 7 0 N.Z. Newspapers ... 112 9 112 9 •Wilson's Cement ... 019 0/ 019 0 Wgtn. Gas (ord.) .. — 113 0 ♦Buyers. tSellers. Other sales included Wellington Trust Loan, £4 10s; New Zealand ■ Drug, £3 18s 6d; Farmers' Fertiliser, £1 2s 6d; ditto, pref., £1 2s 6d; Macky Logan, £1 Is; Kauri Timber, £1 Is; National Timber, 6s; Northern Steam, 3s 3d; Pukemiro Coal, 17s 3d; Auckland Gas, cont, 2s lOd; Huddart Parker, £2 12s; Radio 1936, 12s 6d; Kelburne Tram, £1 Is- . AUSTRALIAN SHARES. ' Highest prices bid or paid last week for Australian shares-and those paid this week are as follows:— • ■ . Last week. This week. . £ s. d. £ s. d. Aust. Consol. r.du3. . 119 6 *1 19 6 Aiist. Alloy Stfeel ... 0 8 0 0 8 0 Aust. Iron and Steel (pf) 1 7 0 1 7 0 Broken Hill. Pty 2 6 6 2 6 0 Colonial Sugar ....... 52 10 0 53 5 0 G. 3. Coles 3 7 9 3 8 0 British Tobacco ... 210 0 t2 9 « Goldsbrough Mort .... 1 6 6 1 6 b Selfrldges• (Aust.) .... 1 0 6 U 1 0 MorfsDock 019 0 t0 19 0 . Woolworths, Ltd. ..... 017 8 0 7 6 Woolworths Holding . 014 6 014 6 Broken Hill South .. 1 6 0 S Mount Lyell 1- ? 6 1 8.7 Mount Morgan 011 9 011 1 . *Buyers. . tSellers. Business was reported also in Electrolytic Zinc, ord., £2 13s 6d: ditto, pref., £2 15s; and Dunlop-Perdriau, £1 Is 6d.