WELLINGTON STOCK EXCHANGE.

Manawatu Standard, Volume LIV, Issue 149, 25 May 1934, Page 5

WELLINGTON STOCK EXCHANGE.

YESTERDAY’S BUSINESS AND

PRICES.

There was active trading in gilt-edged securities and, bank shares in tho Wellington market yesterday. Advanced prices were paid for Government loans, bringing the yield on the short-dated 4 per cents, closo to tho level of that on the 3£ per cents. The 4 per cent, stock, 1940, sold at £lO5 15s, yields £3 4s per cent., compared with £3 6s per cent, on the 3£ per cent, stock, 1939-52, at the same price. Sales of Wellington City 4£ per cents, and Wellington Harbour Board 5£ per cents, at substantial premiums were also reported. Little change was seen in bank shares. Five sales of New Zealand were made at 50s 6d and 50s 7d. The D long term mortgage shares advanced to 355, no sellers. Union Bank sold at £lO 0s 6d and £lO Is. Insurance shares were extremely firm. New Zealand had a sale late on Wednesday at 635, and more were wanted at that figure. Standard were also wanted at 635, but sellers asked 675. Other sections of the market were quiet but firm. Union Steam preference were still wanted at 265, but there wero no sellers.

YESTERDAY’S QUOTATIONS. Tho latest buying and selling quotations recorded yesterday on the Wellington Stock Exchange were as follow: — Buyers. Sellers.

N.Z. GOVT. LOANS— £ s. d. £ s. d. 4 p.c. Bonds, 1940 ...105 5 0 105 17 6 4 p.c. ditto, 1946 106 15 0 — 4 p.c. ditto, 1949 106 7 % 6 107 5 0 4 p.c. ditto, 1955 108 7 6 108 15 0 5 p.c. ditto, Rural, 1947 103 0 0 — 34 p.c. Ins. Stock, 1939-43 104 15 0 — 34 p.c. ditto, 1939-52 ...105 2 6 — 34 p.c. ditto, 1938-43 ...104 15 0 — 3j- p.c. ditto, 1938-52 ...105 0 0 — 4 p.c. ditto, 1940 105 15 0 105 17 6 4 p.c. ditto, 1946 105 15 0 — 4 p.c. ditto, 1949 iUb 7 6 — 4 p.c. ditto, 1955 108 12 6 108 15 0 3£ p.c. ditto, 1941 101 0 0 — DEBENTURES— Dunedin City 102 0 0 — Well. City, 4i p.c., 1/2/1952 102 0 0 — Well. Harb. Bd., 54 p.c., 1940 104 0 0 — Makerua Dge. Bd., 6 p.c., 1946 — 101 15 0 Sluggish River, 54 p.c., 1/7/1944 — , 101 10 0 Well. Gas Co 102 0 0 — Well. Racing Club 100 10 0 — Amid. Brick and Pipe, Wellington .. — 90 0 0 Gisborne Gas 87 0 0 — BANKSAustralasia 11 15 0 12 4 0 Comrcl. of Aust., ord. — 0 16 10 Gomrcl. Banking Co., Sydney 17 0 0 17 5 0 National of N.Z 4 1 0 4 2 0 National of Australasia, £5 paid *6 8 0 — New South Wales ... *32 0 0 32 12 6 New Zealand *2 10 6 2 10 9 Ditto, D long term *1 15 0 — Union of Aust 9 19 0 10 1 0 FINANCIAL— Goldsbrough Mort and Co 1 12 0 — N.Z. Guarantee Corp. 0 4 4 0 4 5 N.Z. Invest., Mort. Deposit 0 5 0 — N.Z. Loan and Merc., ord. stock 55 0 0 — Well. Invest., T. & A. 0 7 3 — Well. Trust, Loan ... 5 5 0 — Well. Dep. and Mort. — 0 7 6 GAS— Auckland, contrib 0 18 6 — Gisborne 0 9 0 — Wellington, ord 1 18 9 Feilding 0 2 6 —r INSURANCE— National of N.Z 1 0 5 1 0 9 New Zealand 3 3 0 — Queensland 3 8 6 — South British 3 10 6 4 2 0 Standard 3 3 0 3 7 0 MEAT PRESERVING— Gear Meat — 1 8 6 N.Z. Refrig., £1 paid 0 18 3 — Ditto, 10s paid — 0 8 10 Well. Meat Ex., pref. 0 19 6 — TRANSPORT— Union Steam, pref. ... 1 6 0 — Northern Steamship ... 0 6 0 — WOOLLEN— Kaiapoi, fully paid ... — 0 10 3 Wellington, ord 5 4 0 — Ditto, pref 5 6 6 — COAL— Pukemiro 1 6 3 — Westport-Stockton, ord 0 2 3 — TIMBER— Kauri 0 16 6 — Leyland-O’Brien 1 1 3 1 2 6 BREWERIES— N.Z. Breweries *2 2 2 — Tooth and Co *2 4 3 — Timaru, contrib 0 6 3 — MISCELLANEOUS— British Tobacco, Aust. — 1 18 0 Colonial Sugar 64 10 0 — Con. Brick and Pipe — 0 8 0 Dental and Medical Supply 0 6 0 — D.I.C., ord 0 15 0 — Dunlop Perdriau 0 18 4 — Electrolytic Zinc, 8 p.c., part pref. 1 13 6 — Farmers’ Co-op. Auct. 3 2 6 — Henry Jones Co-op. .. *1 12 0 — Howard Smith, ord. .. 0 14 0 — N.Z. Farm. Fertiliser 0 18 6 — Prestige, N.Z., pref. . — 1 1 0 Sharland and Co., ord. 1 3 0 — Wilsons, N.Z., Cement *1 8 0 — Woohvorths, N.Z., ord. 5 10 0 — Ditto, pref 1 18 6 — Bycrofts - — 2 7 9 United Provisions 0 9 0 — OIL— Taranaki 0 1 10 — MINING— Alexander, fully paid 0 10 6 0 18 3 Ditto, contrib 0 14 2 0 14 5 Bell Hooper — 0 1 0 Bell Kilgour 0 0 3 — Big River 0 0 7 0 0 10 Consol. Goldfields — 1 0 0 Gillespie’s Beach 0 1 9 0 2 0 Golden Dawn — 0 2 3 King Solomon 0 3 11 0 4 2 Mahakipawa 0 0 74 - Matnki — 0 2 4 Mount Lycll — 1 2 1 Nokomat — 0 3 0 Okarito 0 8 3 0 8 7 Waihi — 1 14 9 Waihi Grand Junction *0 4 7 0 4 11 Moonlight Nelson — 0 0 8 Skippers — 0 1 0 Murray Creek — 0 7 0 Turn, dividend.