STOCKS AND SHARES

New Zealand Herald, Volume LXXVII, Issue 23748, 30 August 1940, Page 3

STOCKS AND SHARES

THE AUCKLAND EXCHANGE BANKS AND INSURANCE RISE The present strength of the investment market again was evident on the Auckland Stock Exchange yesterday. Business was not heavy, but most of the sales showed advances. Offers for Government loans were lifted further without attracting many sellers. A feature of banks was the demand for New Zealands, which gained further ground in dealing. Insurances also were strong, with New Zealands active at an advance. Breweries were firm. Australian industrials were quiet, but there was no weakening in the undertone. There was a keen inquiry for leading New Zealand issues and Wilsons Cement and Woolworths (N.Z.), were both lifted. CLOSING QUOTATIONS Buyers Sellers £sd £ s d BANKS, INSURANCE AND AGENCY Com Bank Aust. 013 8 014 9 Ditto (pref.) .. 8 7 6 9 5 0 18., S- and A. . . Nat. Bank N.Z. 117 0 Bank N.S.W. ... 20 0 0 Bank N.Z. .. 22 3 22 9 Ditto (D mort.) 17 0 —— Queensland Nat. Bk. 410 0 Union Bank .. 6 30 0 t National Ins. .. 018 0 N.Z. Ins. . .. 3 0 3 8 1 3 South British .. 2 7 6 2 10 O Standard Ins. .. 216 6 Dalgety .. .. Dom. I. and B. . 0 16 6 0 17 6 P.A.C. (£5 paid) 3 10 0 4 1 0 Ditto (A pref.) 10 6 Ditto (R pref.) 10 3 Goldsbrough - Mort. 14 6 COAL, GAS, SHIPPING Renown (ord.) .. 010 0 012 0 Ditto (pref.) .. 0 2 7 0 3 0 Taupiri (ord.) M 3. 0 0 Ditto (pref.) «. 12 9 Westport . ~ Auckland Gas •• O 8 3 086 Ditto (con.) .. 0 2 9 0 3 3 Devon port Ferry .110 Hud .-Parker (ord.) B. & O. (def. stk.) TIMBER, TEXTILES; BREWERIES Kauri Timber .. O 3 8 6 Lcy.-O'Br. Timber 013 6 Bonds Hosiery .. 15 6 Kaiapoi (con.) .. 0 5 3 Dom. Brew, (ord.) 111 3 112 6 N.Z. Breweries .. 1 14 6 Tooheys Brew. .. 15 0 MISCELLANEOUS A.C.I 1 14 9 1 16 0 Aust. Steel (pref.) 15 0 16 3 Bcrlei (N.Z.) .. 3 0 0 British Tobacco . Broken Hill Pty. 2 4 0 2 4 6 Bycroft . . .. 2 0 0 Colonial Sugar .. 48 10 0 Consol. Brick .. 0 7 4 O 7 9 Farmers' Trading • 019 3 019 5 Ditto (A pref.) 113 Ditto (B pref.) 10 9 G. J. Coles . . 3 3 0 3 3 9 Hill and Plummer 110 13 6 1.C.1, (pref.) .. 13 0 14 0 Wacky, Logan .. 018 0 10 6 M. & C. (deb.) . 0 13 6 0 15 3 Ditto (B pref.) 110 Morris Hedstrom .3 0 0 Morts Dock .. 0 15 9 N.Z. Drug (rts.) 14 9 16 0 Farm. Fertiliser .. 10 0 10 6 Ditto (pref.) .. 12 0 13 0 N.Z. Newspapers . 3 9 0 110 6 Reid Rubber (10/) 014 6 0 16 3 Ranford (pref.) .. Taranaki Oil Dev. 0 16 0.3 0 Taranaki Oil Fields 0 5 6 0 6 6 Union Soap .. 14 6 17 6 "Whittome-Stevenson 0 19 O Wilsons Cement .. 018 0 0 19 0 W worths (N.Z.) . 016 0 016 3 Ditto (Syd.) . . 0 17 4 0 18 0 "William Cable (pf.) 3 19 13 0, MINING Clutha .. 0 0 9 0 1 9 - Consol. Gold. .-. 0 16 O Martha . . .. 0 7 6 0 7 9 Broken Hill South Emperor . .. 010 3 010 9 Loloma .. .. 10 0 Mount Lyell .. 15 6 16 9 Mt. Morgan (ord.) - O 7 5 O 8 3 Placer Develop. . 2 8 6 Rawang Tin .. 0 7 0 0 8 6 N.Z. GOVT. LOANS Bonds—--15/1/53-57, Sy 3 . 99 15 0 15/11/38-41, 3% 99 10 0 " 15/2/43-46, 4 ... 102 O O 102 5 0 15/4/46-49, 4 .. 104 5 0 15/6/52-55, 4 . . 105 0 0 Stock—--15/1/53-57, 3V, . 99 15 0 15/11/38-41, 399 10 0 15/3/40-43, 4 . . 102 10 O 15/2/43-46, 4 . . 102 0 0 15/4/46-49, 4 . . 104 10 0 3 5/5/-19-52, 4 .. 305 2 6 15/6/52-55, 4 .. 305.10 0 30/31/48,4 .. 104 5 0 31/5/54-58, 4 . . 100 O 0 106 10 0 British War (Loan, 1/12/52, 3M> . State Ad. Corpn., 1/6/44, 3% . . 97 15 0 COMMONWEALTH OF AUSTRALIA Bonds— . 15/9/47, 4 .. St 15730/-19, 3% . DEBENTURES Takapuna Borough, 1/2/54, 3% . . 95 0 0 100 0 0 Auck. Harb. Bd., 10/6/69 .. 105 0 0 110 0 0 Otahuhu, 3/10/62 105 0 0 108 0 0 New Lynn, 3/9/50 City of Auckland, 31/7/42 .. 301 0 0 103 0 0 Mt. Roskill Rd. Bd., 30/9/61 . . 105 10 0 10S O 0 Northcoto Borough, 1/8/66 -. Waitemata E.P.8., 1/12/64 .. 106 0 0 110 0 0 Abraham-Williams Amal. Brick (Ak.), 1/3/44, 6 . . 102 0 0 —• Do. (Wellington), 31/3/44, 6 .. 101 10 0 Auck. Gas (perp. deb. stock) .. 101 5 0 —• Gisb'ne Sheepf'm's, 31/8/41, 6/2 . 100 0 O Renown Collieries, 1/3/54, 6 . . 103 0 0 Williamson Picture, 5/6/49, 7Vi . . SO 0 0 FOREIGN EXCHANGE Closing telegraphic rates for purchases and sales of foreign exchange Auckland on overseas centres yesterday were supplied by the Bank of New South Wales as follows; — August 29 Buying Selling T.T. T.T. New York: dol. to £.. 3.2542 3-pOSO Montreal: dol. to £ .. 3.6039 3.5-90 Greece: drachmae to £ Java: fl. to £ . •• 6.187 6.004 Hongkong: pence to dol. IS 29-64 IS 61-64 India: pence to rupee 22 5-32 22 49-64 Manila: pence to peso. 36 9-16 37 <-16 Shanghai: pence to dol. Singapore: pence to dol. 34 41-64 35 41-64 Stll. Af.: £N.Z. £S.A. 100 323 325 London: £N.Z. £stg. 100 124/7/6 120 Australia: £A. £N.Z. 100 300/10/- 100 Fiji: £F. £N.Z. 100 .. 90 88/12/6 QUOTATIONS IN LONDON LONDON, August 28 Foreign exchange rates are:—New York (dollar), -1.03; Montreal (dollar), 4 45: Switzerland (fr.)t 17.70; India (rupee). Is od: Hongkong (dollar), 14 63-01 d; Kobe (yen), IAY,d; Shanghai (dollar). 3 19-32 d; Argentine (peso). 17.015; Stockholm (kr.). 10.90. SHAREMARKET INDICES London Stock indices compiled by the Financial Times, London, are as follows (October 15, 1926, equals 100): — Govt. Homo Indus- Gold securities rails trials mines August 26 .. 109.7 35.9 77.9 158,9 August 27 .. 109.7 38.5 77.6 155.7 August 28 . . 110.0 38.3 77.8 159.S New York Dow Jones' averages (1926 equals 100) and turnover on the New York Stock Exchange ai'o as follows: — 20 Rail- 30 Shares roads Industrials sold August 24 .. 26.66 123.42 90,000 August 27 . . 26.55 125.33 220,000 Highest and lowest in 1939. —Rails, 35.90—24.15; industrials, 151.22 —121.4. SILVER AND TIN VALUES LONDON. August 28 Silver, is quoted at 23gd a standard ounce and 25id an ounce fine, against 23 7-16 d and 25 5-16 d yesterday. Tin values are still falling. Spot: Buyers, £257 ss; sellers, £257 10s. Forward: Buyers, £258; sellers, £258 sb.'