COMMERCIAL

Evening Post, Volume CXXXVI, Issue 3, 3 July 1943, Page 6

COMMERCIAL

DEMAND^FOk'iNVE^rMBNTSI

. [Turnover, in gilt-edged'fand other■ invcstmentfi this week wasigood, taking the" DominionrfflMkets. as,a whole,:■vThe'--'^influence \ofyjewe £35,000,000,; Liberty"Loan, however,;;^ivas jiully apparqnt, and especially on ■ thS values of' Government Stocks.*-; Buyers, of ."nlostyfihares quoted outniunbered.^declared • sellers ;and -prices.;paid for■ somo of tho leading shares ■were"higher. As "to "Government.Stocks the, 2J4; a? 4-cents.-*were' easier on, last week's;'prices,' but the" 4 per ;cent.? loans are ; strongly, held and approximate* prlces^are slightly .dearerthla week. In -the- table; of prices ; following;: the 3% .'per cent. (1946), .and" S per" cent. (1951-54) are War . Loans and the 2^,'per. cent. ,(1947-and.-1945). and, 3 per cent. .(1952-55' and -1953-56) ■ ara the first and secondLLiberty-Loansy v-Loans respacUvely. ' The: War Loan- ( 1953)' is* the-compulsory, loan, which' is, non-Interest bearing ,up to October 1, 1943, Interest' thereafter . being at 2% ■ per' cent, per annum. ■..>...■ v . ' •.! >v' ■'.■ ; - -.' Approximated prices-'for'-Government loans at this time last year, for:last week^and highest prices-paid this week were as follows:— ; :-

*Buyers,

" Interest is due ou 3 per cent. (1956-59) and 3% -per cent, (1953-57) o.n July ,15. , ' ..■„,.> t

; Some business "vvas - reported' lib local body and, company debentures with "sales? of-;-4*4 per cent. Whangarei Borough (1954-55), .£102; 3^6 per cent Auckland Gas (perpetual) ,•■ £89; 6 per, cent. Amalgamated Brick, :< Wellington (1944), £101.I0s. Bank shares sold/• wera chiefly Bank:of New Zealand at 42supVto'42a l'%d and Sis. 3d paid for 0. chares; National Bank sold at[49s 6d,~als& ttnlon Banks up to £7: 14s 6d and Commercial" of AustraliaV»t 18s 10d.. In the Insurance section .transactions ,were confined to New• Zealands-at; 81s. Amon? the pastoral and financial transactions'••• ..were Newton 'King (pref.) showing- a sharp I rise pf,ls on the-week at-18s 6d.. Freezing ,compauics' shares'had some business with Gears making 21s Gd to 21s Bd, ?Cew Zealand frigerating. (£l) ranging from 25s 9d to .23s 10M;d. ■ Waltakl Freezing' realised. £6 ,5«; Hollabys 5 S-5 per .cent.''pref.- (unofllclal).-.Wld at 255. Textiles figured in the, sales wltli "\Vobllens sold at £ S -ips, tho-'lilghcst price for this, year and for 1942. ■' Tlniaru Woollen .sold at 20s. Bond's 'Hosiery established a record'at S7s 6d, the-,;peak' price "for 1942-being ."Is" Cd: Store" shares/were steady, with sales.of McKenzle's Departments..(exvdir.) at;4ss; ■3tacduff-(ord.) improved by 3d to 10s 3d, 'arid the prefs. made 22s Sd, highest price tills year. Woolworths .(X.Z.) ranged■• from"lss to 15s 4d... Woolworths (N.Z.). pref. were 'dealt in at S9s '9d. and "Selfridges N.Z. (unofficial) had sales at Ssto 8s 3d.* Miscellaneous share sales included Sharland's Pref./' adva'need to 30s; Reid-Kubber unchaiiged'at 2"s:'3d; Forest Products up ,2d to 6s y 6d; Claude- Neon, at 235; Metiers (N.Z.), rising by 3d> to 6s '6d. Brewery shares had an; improved inquiry, New . Zealands ' rising from- 37s la!st week-to 38s. and Dominions\front 38s to 38s' 6d. v Australian shares dealt' fti'llncluded Broken Hills, tihehanged at 44s> and Colonial Sugar/ rising from £55 10s"to £55:15s oa tho week. British Tobacco Improved from; 46s> 9d to -47s 3d. ..'■■■A.C.l. made 535,' unchanged.v -Included in the sales' were ■ Tooths. Brewery," 555. dart Parker, 545: 3\ &. O. deferred, 3Ss-Gd; Woolworths. Holdings (South Africa) went !iqt 34s 6d to 25s : and Woolworths, Ltd.,. 2nd pref., made ,295;-Selfridges (Aust.). sold.'.Sls-lOJid,.. * Late Wellington sales yesterday were:—£ 500 Inscribed Stock, -3. per .cent., 1953-56, £98; itfO Cpmm. * Bank ofV Aust., 16s" lOd; ,200 National Bank of N.Z. (2), £2 9s 6d; 250 N.Z.^lnsuxance (3), £4 Is; 50;McKehzie's-pept. Stores-, £2 ss: 128, Woplworths (N.Z.), 155'2d;,.150 Broken Hill South,'£l 5s 9d. : r ■'

. ■■■ ': :. 1; ■ '/July,-..' -List> ;■•■■; Thfa Per 1942. - ; week. ! , week, cent."/ Tear. • £. ''■■ •■ '£■■■■'< ' £ 2^ .... 1940 . '•■98 1i ■ . • 9SW' -•■■•" 98U 2>^ .... 1048 :. -— '■•■•••96.%:' 96^i |S ..... 1946-48 100 , 9!) ■ -99 3 .... 1951-54 99-- - 98^'.- 98% 3' v .... 1952-55 —98' 98% Z .... 1953-56 ..■'—'■■■'- .'■■■'97% ■ 9.8* 3^4 -,. .-...••: 1957-60 10Ui: --i 10G%>\ -100% 3% ' ....-j 1953-57 10IP.4 ■-■■- 103% •■■ ; 103% 4. • i .... 1946 ■-.-■■ ';.-.-101'%'a' ■' I6i%- -■ '" 101% 4 ......' 1946-49 »103 V102& •-'103* 4- • ,.U 1949-52'*"«104%' .,-'.104 ."■ -104^4 4 .... . 1952-55 ,*1055a - .105%;' ';205% \Var'>Loan, 1953 . 00"A'. ' —'• ' Hi* liberty Bouds,-1919 ■—' •, "^lS/O \ >!&/-