INACTIVE MARKET.

Manawatu Standard, Volume LVIII, Issue 231, 29 August 1938, Page 5

INACTIVE MARKET.

WELLINGTON STOCK EXCHANGE. Few changes and little or no improvement were seen in the New Zealand stock and share markets last week. Government loans were fairly active, but prices showed no appreciation. Local body and company debentures were neglected. The share market was dull and hesitant and trading was inactive, investors maintaining tlieir wait-and-see attitude in view of uncertain conditions overseas. The slight unlift in tlio New York and London markets was scarcely apparent locally. Bank shares received more attention last week, but prices showed no improvement, except in. the cases of National Bank of Now Zealand, which sold at 53s 9d and E.S. and A. _ which touched £5 3s 6d. Australasias were 5s down at £lO 10s. New Zealand remained on the easy

side. There was very little doing in insurance and financial shares, the former selling at steady rates. Goldsbrough Mqrt weakened to 28s. New Zealand industrial issues received lit.lte support, most issues traded being weak. Wellington Woollen ordinaries were quoted below par on Saturday, buyers offering £4 17s, and holders being prepared to quit at £5; for the preference shares, £5 Is was offered. New Zealand Breweries eased from 42s to 41s 3d, and recovered later to 41s 9d. Dominion Breweries rights were traded at from 5s to 4s 9d. Gear Meat sold at 14s 4d, and Now Zealand Refrigerating, 10s paid, cased to 8s Id. Timber' shares were weak, Taupo Totara ordinaries selling at 5s 3d. Wilsons Cement wore 2d down at 17s lOd. Ivaiapoi Wollcn, 17s paid, sold at 10s 3d, and the 7s paid at 3s 9d. Auckland Gas improved to 20s 9d. Weakness was also apparent in several leading Australian industrial issues. Colonial Sugars fell away to £47 2s 6d, as against sales recently at 40s higher. Australian Glass were done at 945, and British Tobacco at from 49s 6d to 495. Broken Hill Proprietary failed to better 58s 9d. Australian metal shares were quiet and showed no improvement. Chain and other retail stores were quiet. G. J. Coles recovered from 78s lOd to 79s 9d, and Woolworths (Sydney) were a little bettor. McKenzies Department Stores sold at 64s a decline of Is. Selfridges (Australasia) were done at 16s 6d, and Solfridge (N.Z.) at 6s 3d. Taranaki Oil developed some activity and advanced sharply from 11s lOd to 14s. Moturoa Oil were quiet and unchanged. Little attention was given to gold mining issues. Sales recorded on the Wellington Stock Exchange on Saturday were as follow: — £2500 —3s p.c., Stock, 1953-57 ... *94 10 0 £soo—Rural Bonds, 4 p.c.,

15-9-47 *lOl 15 0 40 —E.S. and A. Bank *5 3 6 10—Bank of N.S.W 0 75 —Queensland Insurance ... *2 16 6 200—Taranaki Oil (2) *l3 9

100—Ditto \ *l3 10 £2oo—lnscribed Stock, 4 p.c., 15-4-46-49 alOl 7 6 s—Bank of N.S.W all 0 0 100—Goldsbrough, Mort al 8 0 -100 —David Jones al 19 4 100 —Taraanki Oil al4 0 * Late sale Friday, a Reported after call. SATURDAY’S QUOTATIONS. The latest buying and selling quotations recorded on Saturday on the Wellington Stock' Exchange were as follows : —- Buyers. Sellers. N.Z. GOVT. LOANS— £ s. d. £ s. d. *3ji p.c. Inscr. Stock, 15-3-193943 97 17 6 *Ditto, 15-9-1939-43 ....

* Ditto, 15-3-1941-43 100 2 6 *Ditto, 15-9-1941-43 100 2 6 ’Ditto, 15-11-1938-52 ... •Ditto, 15-5-1939-52 ... *Difto, 15-11-1941-52 ...100 0 0 ♦Ditto, 15-5-1941-52 ....100 0 0 Ditto, 15-19-53-57 4 p.c. ditto, 15-2-1943- • 46 100 0 0 Ditfo, 154-194649 Ditto, 15-6-1952-55 3s- p.e. Bonds, 15-1-1953-57 94 10 0 4 p.c. ditto, 15-6-1952-55 101 5 0 Aust. Consol. Stk., 3$ 15-8-43 *Tax free to first date; then 4 p.c. Optional maturity three years prior to final date. Aust. Consol. Stk., 3j p.c., 15-8-43 DEBENTURES— Tolaga Bay Hr. Bd. f 4i p.c., 10-9-46 ML Albert, 4i- P-0., 1-7-45 Wgtn. City, 41 p.c., 1-2-47 Wgtn. Hr. Bd.. 5i p.c., 28-240 - 103 0 0 Bay of Plenty E.P., 41 p.c., 1-10-39 Ditto, 1-10-40 Amalg. Brick, Wgtn., 6 p.c., 31-3-44 97 10 0 BANKS— Australasia 10 9 0 10 15 0 Comrcl. of Aust., ord. 0 16 4 Eng., Scot, and Aust. 5 2 0 National of N.Z 212 10 213 6 Now South Wales ... *3O 15 0 31 5 0 New Zealand —2 3 0 Ditto, D long term ... 1 9 3 Union of Aust 8 11 0

-FINANCIAL— Dalgety and Co 8 5 0 Equitable Bdg. Co. ... - 014 3 Goldsbrough, Mort. ... 1 8 0 18 1 Newton King, pref. ... N.Z. Cuarantee Corp. '0 4 4 0 4 5 Wgtn. Trust, Loan ... GAS— , „ Wellington, ord - INSURANCE— National of N.Z 0 17 6 New Zealand 2 16 3 Queensland 2 16 0 South British 2 6 3 MEAT PRESERVING — Gear Meat 014 0 014 6 N.Z. Refrig., lOe paid 0 8 3 Well. Meat Export ... 0 7 6 TRANSPORT— Kelburn Tram., ord WOOLLEN—

Bond’s Hosiery Mills 015 3 Manawatu 1 14 3 Wellington, ord 417 0 5 0 0 Ditto, pref 5 10 COAL- „ „ n Westport-Stockton ... —; 0 4 9 Renown 0 10 3 TIMBER— - n , Bartholomew 0 17 ° Leyland-O’Brien 0 17 9 Rotoiti 0 3 0 0 4 0 Ditto, pref. 0 17 0 Taupo Totara, ord. ... 0 5 0 Ditto, pret Ditto, 16s pd., pref. BREWERIES— „' n „ n N.Z., Breweries 2 1 6 22 0 Tooth and Co 215 3 216 0 Tui -2 10 0 Dominion, rights ...... 0 4 6 0 5 0 MISCELLANEOUS- . Anthony Hordern U 11 U Aust. Glass —• 4 14 0 British Tobacco 2 9 1 Ditto, pref 1 10 0 Broken Hill Pty 2 19 1 Burns, Philp and Co. 211 6 212 0 Claude Neon Lights (N.Z.) - 16 0 Colonial Sugar Con Brick and Pipe 0 7 3 Den! and Med. Sup. Dunlop Perdriau *ll9 Electrolytic Zina, ord. *2 2 6 Ditto, pref *2 6 0 . Farmers’ Trading G. J. Coles Hume Pipe 019 6 - Macduffs, ord. 0 16 6 Macdufla, pref. —" 19 0 McKenzies 3 5 0 Moturoa Oil 0 5 2 Ditto, pref 0 5 4 N.Z. Farm. Fertiliser Radio (1936) 0 17 0 Sharland and Co., ord. 015 9 Ditto, pref 0 0 Taranaki Oil 013 10 014 3 United Provisions ... JJ ° ® Wilsons N.Z., Cement Woolworths Ltd., ord. 112 lib Ditto, 2nd pref 1 ° ° Woolworths N.Z., ord. 019 7 10 1 David Jones 119 0 119 4 Otago Daily Times ... 2 4 6 2 7 0 W. R, Carpenter 2 4 0 MINING—

Big River Oil Gillespie’s Beach 0 0 11 Martha 0 11 9 Mossy Creek 0 12

Nemona 0 1 4 Nokomai 0 1 5 Skippers 0 0 Oj Waihi Investments ... 0 9 3 Waihi Grand Junction 0 2 7 Austral (N.Z.) • Mining Broken Hill South ... *1 11 0 112 0 Mount Morgan 010 11 011 3 North Broken Hill ... *2 5 6 Wellington Alluvials - 0 5 9 OVERSEAS LISTINGS— Woolworths Holdings /0 15 0 *Cura dividend. SATURDAY’S SALES. Auckland.—Rural Bonds, 4 p.c., 15-9-47, £lOl 17s 6d; 15-9-47, £102; Auek. Harbour, 4-1 p.c., 1-4-44-51, £lOl 10s; South British Insurance, £2 6s 6d; Australian Alloy Steel, 7s 3d; Berlei (N.Z.), £3 ss; Broken Hill Pty., £2 18s 9d; Colonial Sugar, £47 2s 6d; Imperial Chemicals, £1 Is 8d; ditto, contr., 11s 8d; Moturoa Oil, 5s 2d, (2) 5s 3d; Taranaki Oil (2), 14s. Christchurch. —Govt. Bonds, 4 p.c., 15-2-43-46, £IOO 7s 6d; 15-6-52-55, £lOl 12 s 6d; National Bank A’asia, £5 paid, £6 10s; Gear Meat, 14s 4d; Kaiapoi Woollen, 7s paid, 3s 9d; Berlei (N.Z.), £3 ss; Taranaki Oil, 13s 9d; Woolworths, Ltd., £1 Is 3d; Mount Morgan, Hfc lid, 10s lOd. Dunedin.—Govt. Bonds, 4 p.c., 15-2-43-46, £IOO 2s 6d; Mount Morgan, 10s lid.