STOCK AND SHARE REVIEW

Evening Post, Volume CXXXIV, Issue 40, 15 August 1942, Page 7

STOCK AND SHARE REVIEW

Business on the Stock Exchange opened this week in a more confident mood than has been noticeable of late. Sales were more numerous and more diversified, and turnover relatively good. Bank shares were in good. demand with a rising tendency. Bank of New Zealand held at-38s 6d, arid Union Banks at £7. There was business in Rational of Australasia at £11, as last week. Commercial Banks sold at 14s Sd. National of New Zealand were wanted at 395, ex dlv., and Bank-of Australasia at £8 8s 6d, holders not quoting. Advances in prices paid last week were reported in New Zealand Insurance at 60s 6d, up is, and South British at 80s, a rise of Is 3d. Nationals were wanted at 10s to 19s sd, with sellers asking 20s. Queensland and Standards had buyers at 46s and.6ls 6d respectively, but no sellers. Business In the financial and stock and station sections was negligible.. In other sections of the list attention was paid to coal, with business in Kaitangatas at 82s, Westports at 24s 9d, and Renown at 9s 6d. Demand for textiles continued strong,, but business was confined to Bruce Woollen (pref.) at 23s 6d, and M.K. Manufacturers at 5a 6d. Other industrials figuring in the sales were New Zealand Paper Mills 335, Milburn Lime 365, WilsotTs Cement to 17s 4 Mid, Consolidated. Brick 7s. Store shares kept steady, with Woplwprths (N.Z.). at 14s 3d, and McKenzle's Department Stores at 395. Breweries were on a very Quiet market, with Dominions making 265. Revival of Interest in,gold was shown this week in business done in Walhl Investments at 3s Id and Marthas: at 8a; and Laloma making 16s, Grey Hirer 12s, and Gillesple's Beach at 3^d were In the sales. , » Some Australian .shares were dearer this week. Colonial Sugar- advanced .by 2a 6d to £48 2s 64; Broken Hill by 3d to 36s 3d; Australian Consolidated .Industries by 3d to 46s 6d. Woolworths, Ltd., held at 15s 6d. GOVERNMENT LOANS. Inquiry for all Government Loans remains keen, and sellers were scarce. Adfbnce applii cations for the nejtt war loan are now being received, and its effect on the market is yet to be seen. Liberty Bonds cold at 18s. Approximate prices fit this time last year and for last week, with highest prices reported this week.

are as rouows:— ■ Per , Aug. Last This cent. Tear, 1.941. week. week. ■.. • . ■ 7 & ■'■"'■ £!. : . £ 3 ' 1951-54 i~ 100 99^4 : 3 .... 1952-53 — 100 • 100 3%' .... 1953-37 102*4 102.. 102% 4 1943-46 101% 102 102 i i .... 1946-49 105% *104 -. 104% 4 .... 1949-52 IO61/2 104% 105% 4 .... 1952-55 107% 106% 106% 4 .... 1954-58 *107 107V* 107y 2 War Loan, 1933 87 -. 91 . *913^1(> ' *Buyers. Interest on 4 per cent. (1946) is due'today The 2Ya per cent. (1947) and 3 -per cent (1952-55) are Liberty Loans. War Loan (1953) Is free of interest until October 1, 194-3, and then' at 2% per cent '