FIRM SHARE LEVELS

New Zealand Herald, Volume LXXVII, Issue 23577, 10 February 1940, Page 7

FIRM SHARE LEVELS

BANKS AND STATE LOANS RISING TREND OVERSEAS ACTIVITY IN MINING SCRIP With tlio exception of a particularly strong market for Government loans and banks and active dealing in Mount Ij,veils and Fiji mining issues, there was little alteration in share values on tlic Auckland Stock Exchange during, the Week. Indices from London and New York reveal a general upward trend, and this has been reileetecl in tlio strength of State loans. Offerings were more plentiful, but buyers were not hesitant ■ill raising their limits to obtain their requirements, and the"'upward movement in prices continues. Following is a comparison of the levels ruling a year ago. for a selected number of Government loans, compared with those of the Inst two weeks:— Feb. 10 Lust Tills IJKM) Week Week Bonds, 15/2/43-40, 4 . 100 lni'/,* 101% * stork*, 15/1/53.57, ny x in* oi* ui l / Ditto, 15/4/40-40, *1 . »«)* 101% 101% IMtto, 10/0/52-05, 4 . 01% 101 101% . ' 'Buyers. ' The rising trend' in banks has been most marked, and. all issues have shared in the improvement The advance appears to bo a direct reileqtion of the brisk demand in London earlier in the Week, when Dominion and Commonwealth bunks, were strongly supported, Uoth the .Dominion issues were prominent on the local market, and brokers reported good buying orders throughout the week.

Leading insurances were quiet, and values were inclined to be easier. The coal section was prominent for its strong support, with a sale of Kenowns at K)s confirming the tipwiird move. Timber and woollens were popular. The rise of 15 per cent in. woolle'n mill prices interested the market, and support at the close was good. Although most of the Australian industrials were a shade easier, Broken Mill Proprietary made a steady recovery from the low point reached in the week. New Zealand industrials came in for renewed interest. Farmers' Trading presented a Very strong front, with active dealing in Wilsons Cement and Northern Holler Milling. Tn the mining group trading was brisk. Mount Lye II were lifted sharply. Values 'dropped later in the week, but the ground was quickly recovered toward the close. Fiji issues again attracted attention, but after an early marked advance reaction set in and levels closed slightly easier. A comparison of rates is as follows: —

LAMB EXPORT SCHEDULE

FURTHER INCREASE MADE EAT PIG RATES IMPROVE • [IIY TEIiKOHAI'II —OWN CORRESPONDENT] G rSBOHXE, Friday A further increase, the third since the New Year, has been announced in Gisborne in the buying rates for .-export fat lambs. Pig prices also have increased, the improvement- in both sections being id per lb. for all weights except in regard to chopper pigs. Slibep and cattle, rates remain unchanged. The latest improvement in lamb brings the total gain for the season up' to Jd per lb. on prime and o-8d on second quality, Although Sheep have not advanced on this occasion the schedule" is now Jd higher on wethers since the commencement of the season lincl gd up oil owes. Killings continue steadily at tile Kaiti freezing works, although it is expected that if the drying wilids continue fattening will be retarded and smallei' - numbers will be available for export, lii the meantime, however, about 4000 sheep find lambs are being billed each day. A- ,v' - •

POOR HONEY SEASON

WAIKATO DISAPPOINTMENT [from nun mv.v coiuif.si'oNdknt] HAMILTON, Frldn.v The Wnikftto honey season, which promised to be an exceptionally heavy one from the point of production, has boon largely ( spoiled by the adverse weather during the lust few weeks, Now the best the beekeepers of the district cull hope for Is all average crop. Last season's crop was. practically it failure, and producers wore looking forward to recouping their losses this season, • QUILL MORRIS,' LIMITED HIGHER YEAR'S EARNINGS tnv TEMXiIIAI'Il —OWN CORII KSI'ON'OKNt] CHRISTCHUHCH, Friday The accounts of Quill Morris (19.%), Limited, for the year ended January HI, show a itet profit, f after liiakitig I'tlll pl'oVisioli for tiiJcritiolij of £<1323. This compares with £3230 m 1930 and £0242 in 1038, The dividend recommendation is tintihfthged at 6 per cent, and after the transfer of £3OOO to general reserve, which Will then stand at £IO,OOO, the carry-forward is £OOO, com pored with £047 brought In, when only £2OOO was transferred to reserve. The directors' report: mentions that sales of both wines and spirits and factory products constituted a further record. L HUDDART, PARKER, LTD. The directors of Huddart, Parker, Limited, Melbourne, linvo declared ft filial dividend of 3 per cent on preference shares and 7 per cent oil ordinary shares, payable on March 16. The preference payment for the year ended December 31 is unchanged at 0 per ceiit, While the ordinary distribution is 14 per cent, compared with 12 per cent and a bonus of 2 per cent ill the previous year. - .

1030 Last This HiKh Low Week Week Com. Bk. Aus. 1(1/10 .14/'J 1(5/0 10/7 Nat. Bk. N.Z. 48/0 42/40/0 44/0 V,., S. and A. 10(5/00/' 08/00/-* Bank X.S.W... 010/007/(5* Bank N.Z. . . ■11/11 <57/41/0 41/0 Union Bank .. i 73/0 143/0 103/.1(55/4 Nat. Ins. 18/15/5 18/0 10/N.Z. Ins. 00/r.o/o no/o* 00/South British.. 41/40/7 40/(5 Golds.-Mort 27/00/0* OO/-* Fukemiro 17/14/0 1(5/-* 15/0* Auckland Gas 10/(5 15/10/0 1(5/0 N.Z. Brriv. 37/Dont. Brew. .. :?•">/- 28/0 31/30/10 A.C.L . .. 41 / 0 00/0 42/-* 41/4 Broken Hill .. no/50/4 MM British* Tob. ,. 53/ 0 4r,/. * 50/-* 53/Bycroft Col. Suear .. «o/o 35 >'0 00/0* 30/0* 1 Of 1120/Dutlldil'Porclriau '2'2h 18/2 40/0 21 /-* 21/0* El. Zinc (pf.).. Fanners' Trad. 01/(50/(5 04/0* 120/11 1(5/(5 17/(5 18/G. J. Coles .. 80/70/0 80/0 8.'VWilsons Cement 10/15/4 10/15 10/3 Martha 12/0 8/3 8/0* Sl~ Ml. Lyell ». 35/a 20/0 01/0 30/•Buyers. JSellcrs. §Bx bonus.