WELLINGTON STOCK EXCHANGE.

Manawatu Standard, Volume LIV, Issue 296, 12 November 1934, Page 5

WELLINGTON STOCK EXCHANGE.

LAST WEEK’S BUSINESS AND PRICES. The volume of trading on the metropoll tan stock exchanges was materially reduced, last week by the succession of holidays in Christchurch, which did business only on threo days. Nevertheless, the markets . w ere fairly active, with a good tone, prices generally displaying steadiness. Government loans were actively traded in i ai }d Auckland. Brices were a shade easier in most cases, but at a level which returned. investors 3i per cent, to a shade less, including redemption. The trend of prices during the week is indicated by tho following recorded sales:— Inscribed stock, 3£ per cent., 1939-43, £109; 3g* per cent., 1938-52, £109; stock, 4 per cent., 1940, £lO4 17s 6d and £lO4 15s; 4 per cent., 1946, £lO9, £IOB 17s 6d, and £109; 4 per cent., 1949, £lO9, £IOB 17s 6d and £109; 4 per cent., 1955, £ll3 10s and £ll3 7s 6d; Rural Bonds, 5 per cent., 1947, £lO3 15s. Loral body and company debentures were a firm. market, and business was done chiefly in Auckland issues. Recorded sales were as follow:—Auckland City, 4i per cent., 1944-49, £105; Waitomata County, 5J per cent., 1949, £lO5 10s; Amalgamated Brick (Auck.), per cent., 1944, £lO5, and Wellington Gas, 65 per cent., 1941, £lO4 10s. On the unofficial list there were several sales of Auckland Trotting Club, per cents., 1944, at £lO5. There was active trading in Bank of New Zealand shares, which showed marked firmness in anticipation of the interim dividend, announcement of which is now due. Sales opened at 495, with lapses to 48s 9d and 48s lOd, after which business firmed with a sharp rise at tho weekend to 50s, on reports in Auckland and locally that the interim dividend will bo unchanged. The D long-term mortgage shares sold at 34s and 33s 9d. Reserve Bank were a firm market, sales being recorded at £6 11s 9d, £6 12s and £6 12s 6d. Commercial of Australia wore steady, sales being made at 15s lid and 16s. New South Wales were firm on tho approach of the final quarterly dividend, business being done at £3l 17s 6d and £32. Single deals were made in National of New Zealand at 71s 6d and Union of Australia at £9 5s 6d. Considerable activity was seen in. New Zealand Guarantee Corporation : issues, which showed marked firmness, the course of sales being 5s sd, 5s 5-kl, 5s 6d. 5s sd. 5s 6d, 5s 54d, and 5s 6d. Pastoral and other financial issues were quiet, the only sales recorded being Dalgety at £9 2s 6d, Goldsbrough Mort at 31s 3d, and Farmers’ Auctioneering B preference at 20s 6d. Littlo change was shown in insurance shares, which were traded as follows: — A.P. Assurance, 10s 8d; National, 21s 9d; New Zealand, 695; Queensland, 74s 6d; and South British, 90s. 91s and 91s. 9d. Breweries were quietly firm, business being confined to New Zealand at 50s , and 59s 3d. Queensland at 28s 7gd and 28s 9d, and Monteith at 12s 9d. Kauri Timber improved in advance of the announcement of tho increase of dividend to 3 ner cent., sales being made at 19s 3d, 19s 5d and 19s 6d. Dryland O’Brien sold at 22s 7d and 22s 6d, and Rotoiti Timber at 3s 3d and 3s. 4|d. Meat freezing issues wore very quiet, business being restricted to a small turnover in New Zealand Refrigerating, which were firm at 20s for the fully paid and 9s 19d for. the 10s paid. Gas shares wore firm, business being confined to Auckland, which improved from 27s to 27s 6d, the 15s paid being traded at 19s lOd. Renown Collieries preference wore sold at 2s. Huddart Parker ordinaries sold firmly at 3os 6d. Woollen companies’ issues showed a firmer tendency. Business was done ’in Mosgicl at £ll 10s, Wellington preference at £5 15s, Bruce ordinary at. 13s 6d, and Kaiapoi, 7s paid. at. ss. A fairly substantial volume of business was done in industrial and trading issues. British Tobacco were traded strongly at 41s 9d, 41s Bd, 41s 9d, 41s 7d, 41s lOd and 41s 9d. Weakness developed in Colonial Sugar, following payment of the half-year’s dividend, sates being reported at £76 ss, £76. £75, £74 10s, £74 7s 6d, £74 2s 6d, and £74. Wilsons Cement moved ,up strongly on tho announcement of the increased interim dividend, the 10s shares selling at 345. 34s 6d, 34s 8d and 34s 7d. .Broken Hill Proprietary were dull and easier, ono deal being reported at 51s. Other recorded business in this section was mostly firm, as follows: —Australian Glass, 56s 3d; Bycroft, 535; Consolidated Brick, 11s, 10s 2d and 10s 9d; Dunlop Perdriau, 19s 8d and 20s 2d; Dominion Rubber, 29s 6d; Bcafh and Co., Is paid, 10s 3d; Farmers’ Trading, 7s 3d; Henry Jones Co-op., 365; New Zealand‘Drug, 80s; Milburn Lime, 42s 6d; Mount Lycll, 19s 2d and 19s 3d; Quill Morris, in liq., 3s Id; Wool worths (N.Z.), preference, 40s. Mining shares were rather quiet, but prices were generally firm. Waihi moved up on sales, at 37s Id, 37s 4d, 37s sd, 37s 6d and 37s 9d; and Waihi Grand Junction sold at 4s 3d, 4s 4d and 4s 6d.

SATURDAY’S QUOTATIONS. The latest buying and selling quotations recorded on Saturday on the Wellington Stock Exchange were as follow: —• Buyers. Sellers.

N.Z. GOVT. LOANS— £ s d. £ s. d. 4 p.c. Bonds, 1949 ... — 109 10 0 4 p.c. ditto, 1955 .113 0 0 — S p.c. Rural Bonds, 1947 103 10 0 — 4 p.c. Ins. Stock, 1940 — 113 5 0 DEBENTURES— Wellington City, 4i p.c., 1944 106 5 Ditto, 1952 107 10 0 — 0 — Wellington Gas Co. ...104 0 0 — Amid. Brick, Wellington — 105 10 0 Wright, Stephenson ... 98 10 0 — BANKS- . Australasia — 11 12 6 C'omrcl. Banking Co., Sydney 17 10 0 18 0 0 National of Australasia, £5 paid *6 3 0 — New South Wales ... *31 17 6 33 0 0 New Zealand 2 9 6 — Ditto, D long term ... — 1 14 6 Reserve Bank of N.Z. 6 1'2 0 6 12 6 Union of Aust 9 0 0 9 6 0 FINANCIAL — Abraham and Williams, pref *4 17 0 — Dalgety and Co *9 0 0 9 7 6 Co — 1 11 6 National Mtge. (A.) — 3 0 0 N.Z. Guarantee Corp. 0 5 5 0 5 7 Well. Invest., T. & A. 0 8 9 — GASWellington, ord 2 1 0 — INSURANCE— National of N.Z *1 1 6 1 2 0 New Zealand 3 8 6 — Queensland 3 13 0 — South British 4 10 9 — MEAT PRESERVING— Gear Meat — 1 7 0 N.Z. Refrig., £1 paid 0 19 9 — Ditto, 10s ilaid — 0 10 0 Southland 3 12 0 — TRANSPORT— Iluddart, Parker, ord. — 1 17 0 Union Steam, pref. ... 1 7 8 — WOOLLEN — Kaiapoi, paid 0 15 1 0 16 0 Ditto, contrih 0 4 9 — Wellington, ord 5 11 6 — Ditto, prof 5 13 0 — COAL— Kaitangata 1 1 3 — Pukemiro — 1 0 6 ' Westport *0 19 0 Westport-Stockton, ord — 0 3 6 Ditto, pref 0 4 9 0 5 3 TIMBER— Bartholomew 0 18 0 Leyland-O’Brien 1 2 3 1 3 0 National — 0 14 9 Rotoiti 0 3 0 BREWERIESN.Z. Breweries 2 9 10 2 10 5 Staples and Co 1 10 6 — MISCELLANEOUS— British Tobacco — 2 2 0 Burns, Philp and Co. *2 17 Colonial Sugar f73 10 6 — 0 74 5 0 Don. and Med.* Sup. 0 7 7 — Dominion Fertiliser ... 1 0 6 — Dunlop Perdriau 1 0 2 1 0 3 Eloctrolytic, 8 p.c. part pref. — 1 16 0 Farmors’ Co-op. Auct. — 3 18 0 Henry Jones Co-op. ... — 0 *1 16 6 Prestige N.Z., pref. ... 1 0 0 IVoolworths N.Z., ord. — 8 15 United Provisions — 0 0 9 2 Wairakei 0 4 — OIL- . , „ U 1 u *Cum. dividend. +Ex dividend.