A DULL WEEK.

Manawatu Standard, Volume LIX, Issue 99, 27 March 1939, Page 5

A DULL WEEK.

STOCK EXCHANGE REVIEW. WELLINGTON TRANSACTIONS. Business was dull on the New Zealand stock exchanges last week, the dramatic march of events in Europe being the chid influence affecting the inincfs of investors. The markets were generally depressed and price movements were irregular, prices rising on Tuesday, only to relapse next day. The volume of trading was small and was confined mainly to gilt-edged securities and leading Australian shares. A moderate turnover was made in Government stocks, which kept at a steady level. A dcmiite indication ol the Govcru111..at’- inn minus in regard to an internal loan is being looked for by investors, but so far the Minister of Finance has been reticent.

JVank shares wore quiet and generally easier, except National of New Zealand, which showed a further improvement to 47s 6d. New Zealand were a little lower. Insurance issues wore quiet and inclined to weakness, except South British, which picked up slightly. Pastoral and finance shares were neglected. New Zealand industrial issues were slow. New Zealand Refrigerating closed at 15s. Auckland Gas weakened to 16s 9d. Wellington Woollen were steady on business at £5. There was very little doing in breweries. Timber issues were quiet but, slightly lirmor. Australian shares were inclined to be easier. Metal shares followed tile London market. Preference issues were in good demand. There was little doing in goldmining shares. SATURDAY’S QUOTATIONS. The latest buying and selling quotations recorded on Saturday on the Wellington Stock Kxehangc were as follow: — Buyers. Sellers.

SATURDAY’S SALES. Wellington.—loo N.Z. Refrigerating, *lss; 100- Elcet.ro Zinc, ord., *£2 6s 6d; 50 MeKonzies Stores, a£2 Is 9d; 200 Wool worths, Ltd., *£l 2s 8d; 500 Maori Gully, 7d.— •Late sale . Friday, a Reported after 'a -1Auckland. —Inscribed Stock, 4 p.c., 15-3-40-43, £97 15s; Wellington Woollen, £5; Aiist. Consolid. Industries, prof., £1 Us; Henry Jones, £2 11s; Iv.D.V. Boxes, contr. 3s 9d"; M.K. Manufacturers, 5s Id; Wilsons Cement, 15s lOd (2); Colonial Sugar, £4B Christchurch. —Commercial Bank of Aust., 16s Id; N.Z. Refrigerating, 15s (3) ; Katapoi Woollen, 17s paid, 10s; laranaki Oil, 9s 3d. , .re Dunedin. —Inscribed Stock, 4 p.c., 13-5-49-52, £99; Taranaki Oil, 9s.

N.Z. GOVT. LOAN'S— £ 6. d. £ s. d. 3 p.c. Imcr. Stock, 15-7-1939-41 *3j p.c. ditto, 15-5-96 2 6 - 1939-52 — 99 12 6 ♦Ditto, 15-11-1941-52 ... 99 10 0 ‘Ditto, 15-5-1941-52 ... 99 10 0 — Ditto, 15-1-53-57 4 p.c. ditto, 15-3-91 10 0 — 1940 43 97 10 0 98 0 0 Ditto, 15-2-1943-46 ... 98 2 6 — Ditto. 15-4-1946-49 ... 99 5 0 99 12 6 Ditto, 15-6-1952 55 — 99 7 6 ♦Tax free to first date, then 4 p.c. Optional maturity three years before final date. DEBENTURES— Auck. Citv, 4* p.c., 1-1-44-51 .00 5 0 — Ditto, 1-1-44-58 BANKS— LOO 5 0 ~ Coinrcl. of Aust., ord. 0 16 0 — National ot Australasia, £10 13 15 0 Ditto, £5 paid 6 9 6 — New Zealand Ditto, D long term ... 1 6 0 1 18 6 — 8 5 0 FINANCIALEquitable Bdg. Co. .. 0 9 11 — Ditto, perp. deb. stk. — 0 18 6 Goldabrough, jVlott. ... 1 9 6 National Mortgage B — 1 6 0 Newton King, prel. .. — 0 8 0 X.Z. Guarantee C'orp. — ♦0 4 4 Well. Trust, Loan ... GAS— 5 0 0 0 — 0 17 Auckland, contrib. — 0 11 3 Feilding 0 1 10 — — 0 6 6 Wellington, ord — i io 6 1 3 6 Timarti, paid — 0 14 6 INSURANCE— _ National of N.Z MEAT PRESERVING— - 0 16 0 — 0 13 9 N.Z. Refrig.. 10s pd. 0 6 6 0 7 0 Wellington Meat Lx. TRANSPORT— 0 7 9 Huddart, Parker, ord. — 2 14 6 Union Steam, prof. ... 1 5 0 P. and 0. def. stock WOOLLEN— 1 8 9 Wellington, prof. CO AD5 0 0 1 1 0 — TIMBER— K n ri — 1 3 10 Taupo Totara, ord. .. — 0 5 6 Ditto, pref BREWERIES— 0 18 6 N.Z. Breweries 1 17 8 1 18 2 MISCELLANEOUS— Aust. Consol. Industries 1 10 0 — Burns, Pliilp and Co. Claude Neon Lights 2 13 9 1 1 0 (N.Z 1 — Colonial Sugar 48 0 0 48 17 6 Con. Brick and Pipe 0 8 4 0 8 9 Den. and . Mod. Sup. — 0 12 6 Dunlop Perdriau ♦1 1 5 — Electrolytic Zinc, ord. 2 6 o 0. J. Coles 3 17 6 3 IS 6 Henry Jones Co-op. . 2 10 0 — I.C.I. Aust. and N.Z., 0 pref 1 3 8 1 4 0 2 10 Ditto, pref — 0 7 10 McKenzies 2 0 3 2 1 6 Moturoa Oil — 0 5 0 National Electric — 0 13 9

Taranaki Oil 0 8 11 0 9 6 United Provisions 0 6 6 — Wilsons N.Z., Cement 0 15 6 — Wool worths Ltd., ord. *1 2 6 1 2 3 'Cum dividend.