COMMERCIAL

Evening Post, Volume CXXXIII, Issue 138, 13 June 1942, Page 7

COMMERCIAL

STOCKS AND SHARES

Mfim&t(oi\&tmW rOVEAOY

'•■The ■Stock rKxdiangtis • opened ;this -.week with- .fiover/iraeMt- ;Iq;mi3 .q ; uiet -and ,-oasier in \ price. ' turnover- vwa's ; light. lJ.tt<j,uiry ..over the ><wkofe -.share ;J.ifit >$howed but ' Ifttlo change on the -week.' Inquiry ,-was -4MS|aju"ed for t'jjanlf';:argl; SmuiiaßGO : Mvpstflicnts, Avitli some increases iii bida .for ,tli,e latter. Bank of N.Z. shares were.alrpor ,a-nd t-sold lip to 3Ss 4d, with 20s Gd paid for D longterm mortgage shares. National Bank of N.Z. made . 3Ss 3d. Union Banks changed hands at between £6 16s and £6 ISs. There were sales of Commercial Banks at 14s Id, and £ 9 10s was paid for the preference shares of this bank. New Zealand Insurance advanced from G3s Gd to 63s 9d and South British improved to 555, a riso of 6d ou the week. N.Z. industrials were not conspicuous in the sales, but among (hem were N.Z. Paper Wills, 31s Gd; Dominion Fertiliser, 20s; and Farmers' Fertiliser. Kis Ski. Woollen shares dealt',, In included Wellington (ord.), £<3 ISs 9d and Timaru, llis 3d: Wilsons. Cements were dealt in at from • 15s 4d to 15s 6d, the dividend being reduced from 7Vi per cent, to 3% per cent. Retail store shares continued on a quiet market, with sales'of Auckland Farmers' Trading at li)s !>d and ■ Woolworths (N.Z.) at 12s lid. Mac Duff (pref.), realised loa 3d. Breweries were very quiet, N.Z. Breweries having business at,,3os 7d cum div. GOVERNMENT LOANS. : Business in Government Loans as Quoted by tho" Stock Exchanges this week, with appropriate prices last week and a year ago, was as follows.:— •;.;;.■•■.'■■V- ■,)'■',„...• .

''Buyers. Interest is due on 3 p.c. (1943), 3% p.c. (195U-59), 'iVi P.c. (1953-57) on July 15. ' Australian shares attracted some attention, with sales of Colonial Sugars £44 15s to £ 45; British Tobaccos making S7s; Electro. Zinc (ord.) at 40s 3d, Mort's Dock 17s; Woolworths Ltd. kept at 14s, and Woolworths Holdings (S.A.) improved from 17s 3d to 18s. Reports from Sydney indicate a slight improvement in the tone of the market. SAIiES AT WEEKEND, Sales made after going to press yesterday were as follows:— Wellington: £440 War Loan, 1/10/1953 (odd lot), £90 15s. Auckland: Inscribed Stock, 4 p.c, 1952-55, £107 12s 6d; South British Insurance, £2 15s; Farmers' Auct. Co., £5 paid, £4 6s; Dominion Breweries, £1 6s 6d; Northern Steam, 4s 3d; Colonial Sugar, £45; Moturoa Oil, pref., 3s 6d; Reid Rubber, £1 Is 9d; Waihi Investments, 2s 9d;' Mount Lyell, £1 4s. Unofficial list: R. and W. Hellaby, 5 p.c, pref., £1 Is 3d. Dunedln: N.Z. Refrlg., 10s paid, 9s; Otago Daily Times, £1 18s 6d. Christchurch: Inscribed Stock,. 3% per cent., 1957-tiO, £101 10s; ditto, 3V 2 per cent., 1953-57, £103; ditto, 4 per cent., 1946 (2), £101 ss; Colonial Sugar, £45; Woolworths, Ltd.. (2), 14s 3d.

Per 'June, 1 i^ast cent. Tear. ,19-11. - wcelc. ' ■ ■ . , - ' ,. .' .£. ..... - . J£ . r , . 2Y- 19W ■■'■'■ — !I8% 314 1957-60 101% ■ lOU/i 3V< 1U53-57 101% 103% 4~ ...*. 1943-46 102% *100% ' 4 1946-49 103V 2 103 4 1949-52 104% nO-Wi 4 1952-55 105 107 4 1954-58 100 nOG^A - War Loan, 195!i S3% * 91 THIS we nit. ■ £ lU:l'/2 101% 103 104% 107% io« y 3 90%