GOVERNMENTS STRONG

Evening Post, Volume CXXXIX, Issue 135, 9 June 1945, Page 9

GOVERNMENTS STRONG

Oil a market that has again been buoyant, Government issues this 'week have been stronger than -eve-*, ahd the tendency in most case., hits been- towards it ■ lin'.i!n„. Sulfites are \*cry scarce, with plenty of buyers competing foi* oi-.-UißSi Because of the rutlcene. of sellers the 'turnover has not been heavy. This week has seen a decided imiUovemetU ill the rato of \:on.vibutions to the Victory I.oati, aitd it appears that investors are . very, rightly mal-lng sure that the loan is filled; other Considerations notwithstanding. . The- approximate prices tor Uovei'iim.nt loans at this time last year, for last ■ week; iiml the highest prices paid this week, H.t)i*6:—. _> t » r A year Last tills eeiu. tfear anc week. week. 2L_ .... 1048 99% 07% 97% _!>/» .... 1947-49 93 V_ OSVs 98% 2v7, .... 1949^-01 — 99 . i)o>i 2V_ .... IUD3 05 ft o*l% *94& 3 .... 1902-55' 00% 97% 07% 3 .... U953-5. .100-/_' 08% 08% A ..;. 1t.05.-0a - 98;: i ■ »».•_ 3Vi .... 1053-57 Hl.'M *102% 102 Vi 4 .... 1940-49 102 M, ' 100% 101% 4 .... 1010-52 104% *102% 192% ♦Buyers, t'i'hm) Liberty Loan -tkx. ihi In tho banking section New __ca.la_.ds7 have been on tlie quiet side, but prices are a shade firmer at 47*. lid and 47s 8.1 es div. National Banks have 'suffered ii slight (veve.se, largely because of recent statements 'by a Government .spokesman, it is stated, and business was done at 58s, which was Is down on the. Week. Insurance'shares have held their position fairly steadily, tlioufeh South British have slipped back Od to £4 ss, at Which figure they are very lii'M; A couple of sales Of Key. Zealand at £^ 17s, Were reported, this price beiliy; a shade firmer. National Insurance have been in increased demahfl With buyers in at 25a. ' Of interest has been the announcement .Hint Colonial Bugit. Refining CompahJ* has taken a large share tn Fletcher holdings, Ltd;, buying iii.tin. how isfcue of 250,000 £1 shares i>t a Ss premium. This tie-up between Colonial .Sugar, Which is a bis producer of certain construction materials, is rej»ardeci. as a Svelcorne.sigh in iliiaticial circles, Who feel that the more outside capita) comes into the countl*y the better. The announcement had ft stimulating effect .bit Fletcher, shares, which moved up .hiarlly to a peak price of-;. Is.3d. Shares in financial concerns have been Wanted, but here again there are very few sellers, and little business has been recorded. Chain stores have been quiet, but there has been a fair amount of business done In the better-known Australian issues. A.C.i. have based back a Utile to 54s 9d cum div, but Mi. -.Mo.pin. have improved their position to 7s 7d. 'Broken Hill are steady at 4Gs Gd, as life Mt. Lyell at 275. Though the demand is as strong as ever, "^cal brewery shares have hot been active. of New Zealand Brewery .at 44s have beeft.^ reported, and a parcel of Dominion Breweries chanced hands at 495. Tn the miscellaneous section Reid Rubber wore a shade better at 32s 3d, attd there was a sale of Claude Neon (N.Z.) at the good price of,. 39s Gd. P.A. AUCKLAND, June 8. Sales on 'Change: Commercial Bank of Australia. ISs; Bank of New Zcnland, 47s 7d; Caro's Stores '(ord.), 25s Gd; Fletcher holdings, 31s; Rawang Tin, 8s; New Zealand Government Stock, 2% per cent., August, 1946, £90 13s od. Unofficial: Wiiistone (mit.), (2), lis. CHRISTCHURCH, .Tune 8. Sales on 'Change: 2% /pet cent; Government, Stock, 1949-51, £9G; 3 per cent. Government Stock, December, 1953-SG, £98 12s Gd; Bank of New Zealand, 47s 8d; Bruce Woollen, 34s Ocl; Macduffs (ord.), IBs 6rt (2). Sales reported today: Commercial Bank of Australia, 18s; New Zealand Breweries (ex. div), 43s 3d. Late yesterday: Bank of New Zealand, 47s Rd; Standard insurance, 84s; Fletcher Holdings, 31s; Reid Rubber, 32s 3d; Tolas* Bay H. 8., 4Vi per cent, 10/7/G2, £103. Dunedin, June s. Sales: Wool Bonds, 1948, 20s Od (2"), 1949, 19s Sd (2); National Insurance, 25s lOd; Standard Insurance, S4s. v