STOCKS AND SHARES

New Zealand Herald, Volume LXXI, Issue 21855, 18 July 1934, Page 7

STOCKS AND SHARES

THE AUCKLAND EXCHANGE PRICE MOVEMENTS IRREGULAR I)ownward movements predominated in dealing in tho investment market on the Auckland Stock Exchange yesterday. Exceptions were provided by Government loans and insurance which maintained their outstanding strength as well as one or two industrials Turnover Was steady. In the gilt-edge section support im?nm eC i i* P^ Pr r L ' cnfc loans and 1949 4 per cent bonds. Offers at late rates were maintained for others \ parcel of 1955 4 per cent stock was secured unchanged at £lO7 ss, after which the only supplies available were 1949 s at the same price. There was a good demand for company debentures A though offers for some issues hardened and there was a slightly wider range of inquiry, banks registered no material improvement. Commercials were secured 3d lower at 15s 5d and New Zealands declined 2d on sale at 47s 4d, with a later recovery to 47s sd. The D preference issue was released 3d easier at 345. For Unions a buyer came in at £9 14s 6d to a selling quotation of £9 17s Gd. Steady, offers ruled in insurance in which Nationals gained Id on sale at 19s 6d and Standards moved up 3d to change hands at Cos 3d. A reduction of 3d in offers for South British was followed by a similar concession by holders to 80s 9d.

A slightly firmer market existed for Goldsbrough-Morts. Loan and Mereantiles were dealt in £1 cheaper at £57. Since the last business in May Pukcmiros showed a decline of 2s 6d on sale at 245. Auckland Gas were placed unaltered at 2Gs 7d. A loss of ljd in P. and O. Deferred on salo at *2ls ljd ■was followed by firmer support, which also existed for Devonports and Hud-dart-Parker preference. A fall of 4d took place in Kaiapoi Woollens, which were dealt in at lis Id. Apart from a gain of 5d in Consolidated Bricks, which had sale txvice at 7s 9d, movements in other miscellaneous business were of a minor nature. A fractional advance was made by Farmers' Fertilisers to 20s lid and Wilsons Cements strengthened to 30s, a rise of ljd. Transactions in Milno and Choyce debenture stock at 18s 6d and New Zealand Refrigeratings, 10s paid, at 8s sd, represented losses of and Id, respectively.

CLOSING QUOTATIONS Buyers Sellers i £ 8 d £ s d BANKS Commercial of Aus. . 0 15 4 0 15 8 Ditto (pref.) 9 7 6 9 It 0 Eng., Scot, and Aus. — 5 1 0 National of N.Z. . . 3 13 0 — Nat. of Australasia . . 1.1 19 0 — Ditto (con.) 5 15 0 5 19 0 New South Wales . . 30 0 0 — New Zealand 2 7 0 0 7 G D pref., 20s paid . . 1 13 9 . 1 14 0 Union of Australia . 9 14 6 9 17 G INSURANCE Aus. Provincial 0 9 9 0 10 2 National 0 19 3 0 1!) 7 New Zealand . . 3 1 0 3 1 G Queensland 3 8 6 3 10 0 South British 4 0 3 4 0 9 Standard 3 4 0 — LOAN AND AGENCY Dominion Invest. _ 0 18 9 £ armers' Co-op. Auc (£5 - pd.) .. Ditto (£2 pd.) 3 10 0 3 17 0 — 1 0 0 Ditto (A pref.) 1 1 0 — Ditto (B pref.) 1 0 9 1 1 3 GoldsbTOUgh-Mort . 1 9 10 1 10 i N.Z. Guar. Corp. 0 4 3 0 4 7 N.Z. Loan and Merc (ord.) .. 50 0 0 58 0 0 Ditto (pref.) 75 0 0 N.Z. Farmers Co-op (1st pref.) — 2 4 0 N.A. Farm. Co-op. 0 1 0 — Ditto (B pref.) Traders' Finance 0 4 6 — — 0 9 0 Ditto (con.) 0 2 0 — Ditto (pref.) 0 17 0 — United P«rn» Bids, 0 19 3 — "Wright, Stephenson — 0 19 0 Ditto (pref.) 0 19 0 — COAL Grey Valley — 0 12 0 Pukemiro 1 4 0 1 5 0 Renown (pref., new) Taupiri 0 1 0 0 1 7 , 0 12 9 0 14 3 Ditto (pref.) 1 2 6 1 5 0 WestpoH - • • ■ 0 IS 0 0 19 0 Westport-Stockton 0 3 4 0 3 8 Ditto (pref.) . 0 4 0 0 4 9 GAS Auckland : . 1 0 0 1 0 0 19 8 * Ditto (con.) ■ • 0 19 0 4 Eirkenhead & North0 15 1 2 cote (7 p.c., pf.) 0 0 Gisbprne 0 30 0 — SHIPPING Devonport Steam 1 1 ) 12 9 1 13 9 0 Huddnrt-Parker 0 Ditto' (pref.) 1 7 a 1 10 Northern Steam. 0 0 0 0 7 0 Ditto' (con.) 0 1 0 0 1 1 2 0 P. &. 0. (def. stk.) 1 0 a Union Steam (pref.) 1 0 3 TIMBER Bartholomew 0 12 0 — 0 Eauri . . _. • 0 18 3 , 0 19 Leyland-O'Brien — 1 3 6 *' National 0 7 2 -7 Parker-Lamb . » 0 4 0 4 u Taupo Totara 3 WOOLLEN Eaiapoi — 0 11 6 BREWERIES N.Z. ''Breweries 2 3 9 2 4 1 10 6 J. Staples .. • • 1 8 0 0 Tooth's - 2 4 0 Timaru 0 9 3 MISCELLANEOUS 6 Australian Glass — 0 2 8 Aus. Iron (pref.) 1 1 1 16 2 10 GO 0 0 7 1 0 1 0 0 19 9 0 0 9 0 G British Tobacco 1 IB 3 Bycrpft, Ltd. . 2 7 G Colonial Sugar 65 10 0 Consolidated Brick . 0 7 7 Dominion Fertilizer — Dominion Pictures . — Dunlop Perdriau 0 13 10 5 , Electro. Zinc 1 n 0 8 1 6 1 14 0 6 G 6 0 Ditto (pref.) Farmers' Trading .. 1 13 0 c 10 Ditto (A pref.) • 0 10 0 Ditto (B pref.) . 0 13 G Gear Meat . . 1 4 G 0 0 0 17 1 1 0 G Grey & Menzies 0 3 0 HiU cfc Plummer 0 13 0 H.M. Theatre (pref.) 0 18 0 0 Milburn Lime 1 12 0 Milne and Choyce . 0 19 3 Ditto (pref.) 1 1 0 18, 9 0 18 Ditto (deb. stk.) 3 0 9 r. Motiiroa Oil . 0 1 0 3 0 National Electric . 0 i> 0 0 3 N.Z. Fertiliser 1 0 ,19 3 1 1 1 10 N.Z. Newspapers 3 0 N.Z. Pnpor Mills . 1 10 0 8 1 18 9 N.Z. Refrig. (con.) . 0 8 3 0 Northern Roller Mill — 0 Ditto (pref.) 1 4 0 19 0 2 r, Bobinson Ice Crcan 0 1. 9 Q Banford Ditto (pref.) 0 4 0 0 0 1) G Sharland 1 4 Ditto (pref.) Sun News . . • 1 4 0 4 0 4 0 2 0 0 Taranaki Oilfields . 0 1 Union Oil 1 9 0 0 5 0 10 1 10 0 Wairakei Whittome, Stevenson 0 12 0 0 3 Wilsons N.Z. Cement 1 9 11 Woohvorths (N.Z.) . . 5 1U U Ditto (Sydney, 10 1 19 0 2 1 0 p.c. pref:) N.Z. GOVT. LOANS Bonds. 15/11/41, 3X 101 10 0 — Ditto, 15/1/40, 4 .. 103 10 0 Ditto, 35/2/40, 4 . 101; 10 0 Ditto. 15/4/49. 4 . - 100 12 15 Ditto. 15/0/55. 4 . . 107 0 0 Stock. 15/3/38-43. 3'/, 106 5 0 0 0 Ditto, 15/5/88-52. 3/i JOB Ditto. 15/3/39-43.3% 100 5 Ditto. 15/5'39-52, 3Vi 100 5 0 0 n 0 G 0 15/11/41. 3 3/ 4 101 10 Ditto. 15/1/40, 4 . • 103 10 100 10 100 J 2 107 0 Ditto, 15/2/40, 4 . Ditto, 15/4/49. 4 . . 107 5 0 Ditto. 15/G/55, i DEBENTURES 105 10 107 10 0 0 Ak./.TTar. Bd., '48. 5% 103 10 0 Ditto, 10/1/02. 5VS ; City Auck.. 1/8/36. 5 4 105 0 0 Waitnnio Cty., 1/5/50, 103 0 0 Amal. Brick (Auck.), 1/3/44, 'V., 97 10 0 - Ditto HVellingfon). 0 0 0 31/3/44. 7Va •• Auck. Gas. 1/7/42. C 97 0 104 10 102 10 — Ditto, 1./5/3S, 0'/2 . Ciifborrie Sbe^farmers, 31/8/41, P'4 ftlnxo, 1/8,'45. f> l/ i 9(V 0 94 0 0 0 — Williamson Picture, 92 0 0 5/6/33-49. ~Vu • • Wright, Stephenson. P.S. 5 03 0 0 —