ACTIVE TRADING.

Manawatu Standard, Volume LVIII, Issue 77, 28 February 1938, Page 4

ACTIVE TRADING.

MID-WEEK EXCHANGE. MONEY FOR INVESTMENT. A feature of the New Zealand stock and share markets last- week was a remarkable spurt in trading on Wednesday and Thursday, mainly, in Australian metals companies’ snares and chain store issues. The turnover for the two days was heavy and equal in volume to that of the earlier part of last year. Interest in metals issues was revived by the substantial advance in, London base metals prices but a subsequent weakening in that market saw a falling-iff in share trading, aiid' an easier trend in values. This sudden "flurry” in flip share market was an indication that ample funds are awaiting investment ..and that a revival of confidence arising from more settled conditions overseas and in the Dominion would quickly release the purse-strings. Broken Hill Proprietary shares were actively traded during the week, moving up from 61 s 3d to 62s 9d, but easing later to 61s 10d. Electrolytic Zinc ordinaries touched 48s, and the preference went to. 49s 7id. Mount Lyells rose on sales from 29s 9d to 31s lid, and Mount Morgans from 9s 3d to 10s 4d, easing later to 9s 9d. Broken Hill South advanced from 32s 6d to 355, and dropped back to 345. North Broken Hills moved up from 50s 9d to 53s Interest in chain stores, particularly G. J. Coles and Woolworths, was keen, and the shares were heavily traded. G. J. Coles improved from 79s 3d to 82s 6d, with a slightly easier tendency at the week-end. Expectations in regard to Woolworths, Ltd,, Sydney, were responsible for an advance from 25s 9d to 27s 3d (29s 6d being reported in one case). Following the announcement of a final , dividend of 9 per cent., making 15 per cent, for the yekr, and a bonus ?hare issue of one for five, business was done at from 27s . 3d down to 26s 7d. Woolworths (N.Z.) advanced from 21s to 2xS 9d, Woolworths Holdings firmed to los, and Woolworths (West Australia) 20s paid, Sold at 90s. Apart from metals issues and chain stores, business was, not active. Banks remained dull and prices were generally easy. Australasias, whose unchanged rate of dividend Was announced later, Went at £lO ss. New South Wales Sold at £32-2s 6d, and Union Banks at £8" 19s. New Zealands ranged from 43s to 42s lOd, and National Of New Zealand were weak at 535-6 d. Commercial of Australia were easy at from 16s gd to 16s 6d. Insurance shares were quiet. Nationals selling at 17s Id, New Zealands at 60s and South British at from 45s 9d to 465. 'Financials were dull and little business was recorded. Dalgetys sold at £8 6s, but Goldsbrougli Morts Were untouched. New Zealand Guarantee Corporation sold at 4s 4d to 4s sd, Dominion Investment at 18s 9d, and Traders’ Finance contributing at 4s 6d. New Zealand industrials showed no improvement and business was dull. New Zealand Breweries eased .from 45s 9d to. 45s 6d, and Dominion Breweries to 37s 3d. Wellington Gas were done at 37s 3d, but Auckland. Gas were weak at 20s 5d to 20? 3d. New Zealand : Farmers Fertiliser sold, at 1/8 9d to 18s 6d, and Dominion Fertiliser at 23s 6d. Wellington Woollen, ord., sold at £5 3s to £5 4s, and Ivaiapoi- Woollen, 17s paid, at 12s. Westport Coal were traded at 23s 6d to 23s 3d, Westport-Stocktons at 6s .for the preference and 3s for the ordinaries. Berlei (New Zealand) had a sale at 67s 6d and Bycrofts did business at 42s 6d. New. Zealand Refrigerating sold at 18s 6d to 18s 9d, and the lOfc paid eased /to :8s 3d. The increase in the interim dividend sent Dunlop Perdrian up from 22s 10d to 23s 6d. British Tobaccos went at 49s 3d to 49s'4d, Colonial Sugars at £46 ss, Henry Jones Co-op. at 495. Gold mining issues were dull. Sales recorded on the Wellington Stock Exchange on Saturday were as follows:—100 Taranaki Oil, +6s 3d; 200 Woolworths, Ltd.. *£l 6s lOd; 50 Broken Hill South, £1 15s. *Late sale Friday. tßeported after call. SATURDAY’S QUOTATIONS. The latest buying and selling quotations recorded on Saturday on the Wellington Stock Exchangfe were as follow: — N.Z. GOVT. LOANS—, £ s. d. £ s. d. Buyers. Sellers.

OVERSEAS LISTINGS— Woolworths Holdicngs 0 14 10 *Cum dividend. ' SATURDAY’S SALES. Sales recorded on Dominion stock exchanges on Saturday are shown in tho following list: Wellington—Taranaki Oil, (6s 3d; Woolworths, -Ltd.. *£l ,6s lOd; Broken Hill South, £1 14s lOd. (Reported after call. *Late sale Friday. Christchurch.-—Comm. Bank of Aust., 16s 6d; N.Z. Guarantee Corpn., 4s Sd; Broken Hill Pty., £3 Is lOd, ditto, contr., £l 12s 9d; Dunlop-Perdriau, £l 3s sd, £1 3s 6d; G. J. Coles, £4 2s 3d; Woolworths (N.Z.), £1 Is 9d; Woolworths, Ltd,. £1 6s lOd, £1 6s 8d; Skippers, li|d; Mount Morgan, 9s 9d. Dunedin.—Dunedin Brewery, £1 10s 6d.

34 p.c. Inscr. Stock, 3-1939-43 101 10 0 — Ditto, 3-1941-43 . 101 15 0 — Ditto. 9-1941-43 101 15 0 . Ditto, 11-1941-52 .102 15 0 . Ditto. .5-1941-52 102 15. 0 Ditto, 1-1953-57 ..........9715 0 —; ■ 0 . 4 o.c. .ditto,,- 2*1943-46,; , — 102 10 4 p.c. ditto,- 4-1946-49 . Ditto. 6-1952-55 ■ — lt)4 10 0. .0 104 10 ;o 34 p.c. Bonds, 1-53-57 97 15 BANKSAdelaide £ 0 .0, • Conn-el. of Aust., ord. 0 .16 .7 0 16. •'8 . !Eng., Scot. , and . Aust. 5 . 2 ■ National of Australasia, .0 £10 paid .: ......... 14 9 0 • . r — Dito, £5; paid ' :;.. • • New South .Wales ... 31 15■ri 7 4 0 11 y. 2 3: ■ N.Z. t -D long term"..;'' ' — 1 10 ’.I Union of Aust. FINANCIAL — 9 1 0 11 0 Equitable. Bdg. Co. ... — 6 GoldfibrOUgh, Moft. .:. 1 10 4 1 10 9 N.Z. Guarantee Corp. 0 4 N.Z. Loan and Mere., 92 10 0 ord. stock — Well. Invent., T. & A. — 0 0 9 6 Well. Trust, Loan ...50 b 12 6 Newton King. pref. ... Wright, Stephenson, 0 9 6 prof 1 0 9 GAS-. - 0 Christchurch ■■••• 1 ° 3 1 9. 0 Napier, contrih. — W f elling-toh, ord, 1 16 6 b 2 6 INSURANCE— National ot N.Z 10 11 — Queensland . „ 2 16 6 South British 2 5 Standard -••• 2 19 MEAT PRESERVING6 10 10 0 Canterbury — Gear Moat- — 0 16 9 N.Z. Refrigerating- ... 0 13 6 — 1 9 0 Well. Meat Export ... 0 S TRANSPORT— 0 .6 Hud dart, Parker, pi*ef. 1. 8 — Union Steam, pref. ... 1 7 0 1 7 6 Kclburn Tram., ord. 1 0 WOOLLEN— 6 Bond’s Hosiery Mills 0 18 9 — 0 0 16 Wellington, ord — Ditto, pref. 5 6 0 5 6 0 — COAL— 0 11 0 Grcv Valley Westport : TIMBER— 1 3 0 4 4 0 Uotoiti, pref 0 18 0 15 3 '3 Titupo Tot.aru, ord. ... — 0 6 3 0 18 b Ditto, ihs paid — BREWERIES— 0 14 1 17 6 Uorriinion 1 19 ■ 3 N.Z. Breweries “ 2 6 ,0 Tooth and Co — 2 15 3 Toohcys — MISCELLANEOUS1 11 4 13 6 Aust. Glut* " ~ 0 ftl'ltieh Tobacco ....... 2 9 2 2 9 9 Broken Hill -Pty 3 1 9 3 2 0 Ditto, edntt'ib. 1 12 •Burn?,, Philp and- Co. — 6 2 13 0 Colonial Sngur _ — 46 7. 6 Coil. Brick and Pipe 0 7 0 — Denhard, pref. 1 0 9 — Dch. and Med. Sup. 0 14 6 — Doiiilnion Fertiliser ..13 3 — D.I.U., prof 13 6 — Dunlop Perdriau *1 3 4 1 3 11 Electrolytic Zinc, ord. *2 6 Farmers’ Trading 0 19 9 2 7 i 9 , G. J. Coles 4 2 3 4 3 0 Henry Jones Co-op. . 2 8 3 — Howard Smith, ord. . — 1 1 9 McKenzie’s — 3 13 0 "• Mdturda Oil V; —. ! 0 4 0

National Electric — 0 15 2 N.Z. Drug — 3 10 0 N.Z. Newspapers — 1 19 6 Shillings, Ltd — 0 19 0 Taranaki Oil 0 6 2 0 6 8 Wilsons N.Z.; Cement — 0 18 6 Woolworth's N.Z., ord. 1 0 10 1 1 2 Woohvorths Ltd., ord. *1 6 fa 1 7 0 Radio (1936) Ltd — 1 1 0 Northern Holler Mills — 1 1 6 Victoria Laundry 0 19 6 — MINING— Big River — *0 1 4 Konrnta Reefs — 0 7 6 Mount Lvell 1 10 9 1 11 0 North Broken Hill ... — *2 11 0