SHARE BUSINESS.
OVERSEAS BAN CONTINUES. DOMINION ISSUES FIRM. Tho suspension of transactions in and quotations of shares of companies domiciled overseas, as the result of the Finance Emergency Regulations, remains the dominant factor of the investment market. Representations have been made for some relaxation, and these are under consideration by the authorities. The position has been clarified to the extent that consent has been granted for the completion of transactions entered into prior to April 11, tho principle condition being an undertaking that the new script will be returned to New Zealand. As a result of the ban on dealings in overseas shares and stocks, there has been a sharp firming in the prices of New Zealand securities, which are the only avenue open to Dominion investment funds. Government loans have been strongly favoured, and prices have advanced to high levels, with a corresponding reduction in yields to 3$ per cent, and less. Supplies are hard to locate, and dealings have been restricted; but several large parcels were sold in "Wellington. Bank of New Zealand shares have been well supported, sales being made at up tn 445. Buvors were in yesterday at 43s £Jcl, and 28s fid w'ns offered for the D mortgage issue. Insurance and leading New Zealand industrial issues have showm a strong front, and general gains have been made. . YESTERDAY’S QUOTATIONS. The latest buying and polling quotations rpeorded yesterday on the Wellington StockExchange wore as follow:
YESTERDAY’S SALES. Wollinglon.—2oo South British Ins., £2 10a 6d: 200 MacdidTs, ord. 7s 3d (2), 100 nref. 14s; 500 N. Roller Mills, £l. ‘ Auckland. —Bank of N.Z., £2 3s 9d; National Insurance. 19s 9d; South British Ins., £2 10s 6(1: N.Z. Breweries, £1 18s 3d; Oonsolid. Brick, 9s 9d; M.K. Mfrs., 5s lid; N.Z. Farm Fertiliser, £1 is 6d; Golden Crown, fid. Christchurch. —Bank of N.Z.. £2 3s lid (3), £2 3s lOd: South British Ins., £2 10s 6d (2): Coiißolid.’Brick, 9s lid. Unofficial list: British Development, £2 15s. Dunedin. —Govt. Stock, 4 P.c., 31-5-54-58, £107: Bank of N.Z.. £2 3s 9d; National Insurance, 19s 9d; N.Z. Hof rig., 10s paid, 9s 9d.
Buyers. Sellers. N.Z. GOVT. LOANS— £ s. d. £ 6. d. 3 p.c. Stock, 15-7-1939-41 99 10 0 3j- p.c. ditto, 15-1-1953-57 .100 0 0 32 p.c. ditto, 15-11-1938-41 101 10 0 4 p.c. ditto, 15-3-1940-43 101 5 0 102 2 6 J>iUo, 15-4-1946-49 .. 103 0 0 Ditto, 15-5-1949-52 .. 105 10 0 106 10 0 Ditto, 15-6-1952-55 105 7 6 Ditto, 31-5-1954-58 106 10 0 3 p.c. Bonds, 15-7-1939-41 99 10 0 3J p.c. ditto, 15-11-1938-41 .101 10 0 DEBENTURES— Arnalg-. Brick, Wg-tn., 6 p.c., 31-3-44 99 0 0 BANKS— New Zealand c2 3 9 — Ditto. D long term .. el 8 6 — FINANCIAL— Equitable Bdg. Co., 5 p.c. pern. deb. stk. 0 16 0 — General Finance — 0 16 0 Newton King, pref. .. — 0 10 3 Ditto, oi-d 0 0 9 — Well. Trutd, Loan .. 4 17 6N.Z. Guarantee Corn. — 0 3 9 GAS— Christchurch . 1 7 6 — Ditto, contrib 0 .12 3 — Wellington, ord 1 13 0 — Ditto, prof 1 1 y — INSURANCE— Slandard 3 2 6 — MEAT PRESERVINGCanterbury 10 0 0 — Ditto, pref . 6 13 0 — Gear Meat . 0 15 0 0 16 0 N.Z. Refrigerating .. 1 0 3 — Ditto, 10s paid 0 9 3 — Southland . 1 12 6 — TRANSPORT— Union Steam, pref. .. 1 6 9 — WOOLLEN— Bond's Hosiery Mil s 1 5 0 — Brueo . 0 16 0 — Wellington, ord . 6 12 6 Ditto, pref . 6 12 6 7 5 0 COA L— Ivaitangala . c-1 12 6 — Westport . 1 4 9 — TIMBER— Bartholomew 0 14 0 — Leyland-OBrien . 0 13 3 — Rofoiti . 0 3 8 — Ditto, pref . 0 16 0 — Taringamutu . 0 13 6 — Taupo Totara, ord. .. 0 4 9 — BREWERIES— Dominion . 1 14 6 1 15 6 N.Z. Breweries 1 17 9 1 18 8 Tni — 2 2 6 MISCELLANEOUS— Con. Brick and Pipe 0 9 3 0 10 0 Den. and Med. Sup 0 12 u Donaghy’o Rope 2 12 0 — D.I.C., ord . 0 12 3 — Ditto, pref xl 1 9 — Farmers’ Trading ... — 1 1 S Macduff's, ord . 0 7 0 0 7 5 Ditto, pref — 0 14 11 McKenzies . 2 6 0 — N.Z. Drug . 4 0 6 — N.Z.' Farm. Fertiliser 1 1 6 — N.Z. Paper Mills . 1 10 0 — R. & E. Tmgey. prof 1 1 6 Wilsons N.Z.. Cement: — 1 0 9 Gales, Ltd . — 0 7 6 N. Roller Milks . 1 1 0 MINING— A rgo . ' 0 1 2 Barrvtown . 1 10 0 Grey River — 0 19 0 Maori Gold . 0 0 7 Worksop Extd . 0 0 5 .0 0 7 c Cum dividend, x Ex dividend.
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Bibliographic details
Manawatu Standard, Volume LX, Issue 123, 23 April 1940, Page 10
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769SHARE BUSINESS. Manawatu Standard, Volume LX, Issue 123, 23 April 1940, Page 10
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