INVESTMENT MARKET
BUSINESS QUIET, TONE FIRM "Evening Post," August 16. Reported transactions this week have been relatively few, including Government loans and bank, insurance, industrial, and other shares. No marked | variation of prices ""paid last week and! this has been conspicuous in reported j sales. The New Zealand markets have 1 been in keeping with those of Melbourne and Sydney where investors have shown a disposition to hold their hands during the present unsettled conditions of the political atmosphere in, the Far East. Prices as quoted, however, do not suggest any over-eager- \ ness of sellers to quit their holdings. The position in the New Zealand market for some leading shares sold this week together with their lowest prices this year, as given in the official record of th& Stock Exchange and shown in parentheses, will be seen as follows:— Bank of New Zealand, 39s 3d (35s 9d); National. Bank of New Zealand. 39s 3d (32? 6d); Union Bank. £6 13s 6d (£6 8s 9d); Bank of New South Wales £29 (£27 10s): Daleety £6 5s (£5 19s 6d); Oamaru Woollen. 21s 6d (20s); Timaru Woollen. 16s (14s); New Zealand Refrigerating (10s), 8s lid (6s); New Zealand Breweries, 35s (29s 9d); Auckland Gas. 6s 4d (5s 6d); Christchurch Gas, 21s 6d '20s 7£d); Woolworths (N.Z.). 13s 7d <"12s lid); Wilson's Cement. 19s 6d (18s sd). Australian shares as quoted in New Zealand sold this week and lowest orices officially recorder? for this year "linwPfl rnoveiripntß ac follows:—■Australian Consolidated Industries, 49s CSflc 3rH: "Broken Hill Ptv 42" fid C4os 9d): Felt Textiles. 43s (38s 6d): Huddart Parker. 45s (455); G. J. Coles. 60s (61s); Woolworths, Ltd., 17s 7d (16s). GOVERNMENT LOANS. j The volume of business done in Government loans this week was not large. Prices, however, were fairly well sustained. Attention of investors of course is focused mainly on the new war loan. Highest prices ■ reported this week for Government Joans, for last week and for August, 1940, were as follows: —
. *Buyers. Interest 4 per cent. (1943-46) was paid on August 15. Sales of Government loans this week were imported as follows: —War Loan (1953), £87 10s; 3J per cent. (1956-59), £100 ss. £100 10s; 3h per cent. (1953----57), £102 £102 10s; 4 per cent. (1943----46). £102 17s 6d; 4 per cent. (1952-55), £107 10s; 4 per cent. (1954-58), £108. GOLD SHARES. Business reported in gold mining and j dredging shares included: Martha, 7s 8d- Waihi Investments, 4s 6d; Una Hill, Is 6d; Grey River, 15s; and Emperor (Fiji), 12s Id.
Kate per cent. Year. 3% . 1957-60 S\i . 1956-59 3V'° . 1953-57 4 . 1943-46 4 . 194(5-49 4 . 1948 4 . 1949-52 4 . 1952-55 4. . 1954-5S ' War Loan. 1953 Auk., 1940. &: 99 103% 103% 103V4 103% 103% 104 Last week. £ 99% 100% 102% 103 105',i *104% *105% *106% 107% 87i/s This week. *99Vi . iooy 2 io2y 2 1027s 105% *104% *1059i 107% 108 87%
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https://paperspast.natlib.govt.nz/newspapers/EP19410816.2.109
Bibliographic details
Evening Post, Volume CXXXII, Issue 41, 16 August 1941, Page 12
Word Count
480INVESTMENT MARKET Evening Post, Volume CXXXII, Issue 41, 16 August 1941, Page 12
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