SHARES STEADIER

New Zealand Herald, Volume LXXVII, Issue 23791, 19 October 1940, Page 7

SHARES STEADIER

WEAKNESS IN BREWERIES NEW LOAN LISTS CLOSED QUOTATION NEXT WEEK Investments fluctuated within, narrow limits during the past week. Turnover was encouraging in volume and largely in industrials, but there was still evidence of uncertainty throughout these sections, arising not so much from developments in the war as from internal politics. Generally markets continue to take a lend from London and New York, and both centres have provided much to stimulate confidence both at home and abroad. London's determination was reflected in a graphic manner this week in tlie rises which have occurred in both gilt-edged and industrials, in spite of tlie intensification of air raids. This confidence, in turn, has had a response in the Australian markets, which, in spite of political uncertainty, have displayed greater activity. Locally, the issue of the compulsory war loan, the lists of which closed vestcrday, lias left its mark, and a falling off in inquiry for Government loans for the first time for some weeks is attributed, iu part, to a diversion of funds into the new loan. Arrangements' haw been made by the Stock Exchange to quote tlie new stock on Monday on tlie basis of £IOO. and interest in the price at which dealing will open is keen. Meantime, current loans remain steady on slightly less inquiry.

Year This ago Week Week Bonds, 1 o/2/13- Hi, 4 US* 3 03* 102 ; i* Stock, 11 /r>;!-r.7, .v/ a oj km* ioi*/« Ditto, 1-V4/M.-40, 4 . iMi'il* 30.-,\* 104? Ditto, 15/U/52*>V>, 4 . <.«>%* 307* 30"'a* Ditto, 31/5/54-DS, 4 . t)7'/i* 10S* 100 i "Buyers. ♦Sellers. ?Ex interest. Bank shares were in moderate request, but dealing was confined mainly to New Zealand?, which, after rising from 425, around 42s 4d and 42s 6d. Unions, which also had some business, were weaker. Insur- , ances presented a bold front, and midweek advances were fully maintained at the close. Gas shares persistently eased, while ! leading breweries were active on a ! lower basis of value. Dealing in other I industrials was well spread, but move- ; ments were of a minor nature. Gener- | all v. however, Australians were less (inclined to concede ground than New | Zealand leaders.

1039 T.ast Tills Hieli Low "Week Week Bank N.Z. .. 4 1/0 .<l7/- 42/4 42'G Com. Bk. All?. 10/10 34/2 34 0* 34/10 Nat Bk. N.Z. 48/0 42'- 40/3 • 40/6J Bank X.5.W... «»:to/- ."(>/■ 500/- r.o-V----t'nion Bank .. 173/6 143/6 14->/-+ 340,Nat. Ins. .. 38/- T•*»•'*» Ifs - n Ifli '' N.Z. Ins. 00/- Wl/0 01/- 61/8 " South British 48/- 41/- 40/10 4f'/-§ Aueklaml Gas N.Z. Brew. .. 41/- 31/- 31/3* 32,6 Dom. Brew. . . 3.-,/- 28/0 30,- 30 - \CI 41'6 30 0 3«/3 38/Bkn. Hill Ply. Bvcroft .. 30'3 35>'0 41/-* 42/;* Colonial Sutrar 10' to- 040'- 1 000/-* l 000/Faniicrs' Trad. 20/3 10/6 20/2 20 - G. J. Coles .. SO/- 70/3 .«)/- 60/6 Wilsons Cement 30/- 35; 4 30,- 30/Martha .. 32/6 •Buyers. §Ex dividend.

STOCK SALES MORRINSVILLE MARKET BACONERS AT HIGH LEVELS [I'ROM our own correspondent] MORRINSVILLE, Friday A total clearance of a medium yarding of fat sheep was effected at good prices at the Morrinsvills stock sale to-day. Farmers' Auctioneering.-—Shorn sheep: Wethers, 2Ss 3d to 345; ewes, 10s "Od to ■J"2s (id; hoprpets, '-'lis <id. Woollys Ewes, 10s iid to 2.">s Od; luiKsets, 21 's 3d to 34s Od. F.wcs. lambs at foot, 21s. all counteiL Cows: Shorthorn, £7 to £« 355; P.A., £7 4s to e7 his; Jersey, £to £0 15s; boners, I'll IS to £4 los. Heitcrs: Jersey, £4 to £8; P £7 los to £7 HIS. Bulls: Jersey, twovear service. £S to £lO ss; yearlinpr. £5 to A.-7; potter, £0 to £B. Stores: Four-year P.A. and Shorthorn bullocks. £0 4s to £lO Ids; three-vear Hereford steers. £7 15s to £0 ss; ditto, two-year. £6; three-year Hereford and P.A. heifers, running with bull. £6 2s to £0 ss. Dairy: Jersey springing heifers, l-,; i.-,3 to £l2 3Os: Friesian and Shorthorn heifers close to profit. £0 15s to £l3; others, ,t7 10s to £0; heifers in milk. £9 3s to £l2 .*>s; backward, £0 5s to £l2 ;>S; Sprin.Ej inur cows. £8 15s to £l2 -is; backward, £5 l.">s to '"7 10s; tows ir. milk. £8 5s to £l2 K>s; unsound. CI 10s to £7 15s. Heavy chopper-- to £0 Os; others, £3 2s to £3 19s; baconers. £3 los to £4 13s; porkers, _£2 Ss. to £3 ss; large stores. £2 to £2 3-«s Od; .-lips. 2.8s Od to 37s Od; wcaners. 30s to °iis lid- Large Black boars, to £4 4s; Tam-. worth boars. £2 5s to £2 10s; breeding sows, £1 to £5 los; sows, wilh young, to .£<.

GOOD PUKEKOHE MARKET A large yarding of both cattle and pigs was received at the week!?." ..stock sale at Pukekohe on Thursday, held by the Loan and Mercantile Agency Company. Limited. \ complete clearance was effected. Dairy cattle values were slightly lower than at the beginning of the month. Beef was firm at West field rates, while pigs sold particularlv well. Dairy heifers made £• to £l4; cow's £!t to .tlit 15s; fat heifers, £5 to £lO 10s;'cows. i'C to CO 10.s; youn? meaty cows, i- -, 't o £■-, Jersey store con s, £'4 to £4 ~15s ; boners. £2 10s to £3 1 Ss; cows with calves, £5 to £7 12s a pair, three-year Shorthorn steer« £fi to £(> 10s; three-year Foiled \ngns .steers £7 10s to £S 7s; Polled Aniens 'cows with calves. £7 to £S 12s per pair; yearling Jersey heifers, £5 to £7 os; Shorthorn store heifers, £5 10s to £7 2s; yearling Jersey bulls, ogns to Pgns; two-year Jersey hulls, (tens to 14gns; yearling Shorthorn ' bulls, tgns to Ogns; two-year horn hulls. sgns to 12sns; rotter bulls, £5 to £l2; choppers, £3 15s to £5; baconers, X' 3 10s to £4 l is; porkers, £2 (is to £3 ssi stores, £2 Ss to £2 ISs; slips, £1 14s to £1 17s; weaners. £1 to £1 12?; sows with litter? £fi to £7 10s; SOWS due to farrow, £4 15s to £7; boars, Ign to 3gns. DEMAND FOR HORSES SLACK

A very large entry, including Clydesdales from the South Island, was offered at th'e fortnightly horse fair at Pukekohe yesterday, conducted bv Alfred Bucklaud and Sons. Limited. Bidding was slow, except for good hacks, and only a small proportion of the total entry changed hands. Anions: the horses broken to all work, one outstanding heavv draught mare made £10; other young lieavv draughts. £27 to (.32; young medium draughts, £23 to £2O; young light draughts. £in to £2O; older working horses. £lO to Cl - and aged working horses. £4 10s to £S Good three-year unbroken draughts realised £ls to £IS 10s; good unbroken two-\(ar-old draughts. £0 to £l4: other unbroken horses. £4 to £S; good hacks. £l2 to £22 10s; medium. £5 to £S; poor, 12s Gd to £2 Ills.

POLLED HEREFORD BULLS [vhom oru own conßF.sroxnF.NT] TL'AKAU, Friday The sixth annual sale of Manjratea Polled Hereford bu from Mr. O. McCutchan. (I leu ill 11 vra v. wj held to-day at Tuakau by Daliret.v aiid Company. Limited. The line comprised '1 I two-year-olds' and one three-year-old. and averaged 29 1-3 guineas fl head. 'l'lic top price was Hi guinea.-.. Iliis was paid In- Mr. 1!. C. Smith, of Kotorua. for a two-vear-old. The same buyer also' purchased five'more of the hishest-prced bull?. The ranse «'• prices for the two-year-olds wa; from 11 guineas, while the three-year-old sold for K> guineas.