STOCK EXCHANGES

New Zealand Herald, Volume LXXVII, Issue 23839, 14 December 1940, Page 7

STOCK EXCHANGES

YESTERDAY'S SALES RETURN ON INVESTMENTS In the following list of yesterday's sales, yields allow for exchange and British income tax where necessary, and, in the case of loans, redemption and brokerage. AUCKLAND EXCHANGE Sale Price Rise or Yield l s <1 Fall £ s d Bds., 15/0/5255, 4 . . 107 5 0 +27/6 3 8 2 St k., J 5/4/4040. 4 ■ • 104 0 0 Nat. Bk. A'asia .'£1(0 . . 12 2 6 +7/6 4 18 11 Bank X./,. .. 2 1 o X.Z. Ins. (3) 3 1 o -3d 3 l !i Sth. British . 2 » 0 F.A.C. (A pf.) 1 2 3 +3d 4 9 11 X.Z. Breweries 1 11 0 *4 sll Bkn Hill Pty. 2 5 0 Bycroft . . 2 3 0 +od 3 13 7 §l>un!op - Perd. 1 <> 0 X.Z. Drug . . 3 17 0 +6d 4 2 6 Wellington.—Bank X.Z., 41s; §Wairarapa Farmers' (pref.), ss; §Xationai Insurance, 18s 2d; X.Z. Breweries. 31s 9d; Wellington Gas (ore!.), 32s Od (2); A.C.1., 39s 3d; Broken Hill Pty., 455; British Tobacco. 48s 3d; Farmers' Fertilizer, 225; X.Z. Newspapers, 32s (2); Wool worths (Syd.), 37s Od (2). Christchurch.—Christchurch Building. £lO ss; Westport-Stockton, 2s Id; Booth-Mac-donald (pref.), ss; British 'tobacco, 48s 3d (2); Broken Hill Pty., 45s (2); Electrolytic Zinc. 51s; Wool worths (Syd.), 17s -id. Duncclin.-—Broken Hill Pty.. 455; Colonial Sugar. £52; 1.C.1. (pref.), 245. fjSales after hours on previous day. *Based on interim dividend at rate per annum. AUSTRALIAN DEALINGS JI? HIT! (LA R PRICE CHANGES (Received December 13, 0.45 p.m.) SVDXKY, Dec. 13 Prices moved irregularly on the Stock Exchange to-day. Sales included;— Bank X.S.W., £27 Ms; Union Rank, £0 7s (id; fJoldsbrouifli-Mort, 25s lid; Felt and Textiles, 37s 9(1; Tooth's Brewery, 03s; A.C.1., 38s :sd; ditto (con.), 25s 4%d; Anthony Hordern. 13s 'id; Broken Hill F'ty., 44s Od; Cash Orders, 18s l'/ 2 'l; Cumberland Paper, 31s; Colonial fin gar, £47 15s; General Industries, 1.7s 3d; Henry Jones. 52s Od; Mark Foy, 10s 3d; W. R. Carpenter, 30s Od; Mount Morgan, lis Id; Rawang Tin, 8s 10(1. Melbourne sales included:—E.S. and A. Bank, 70s; Kuyri Timber, 21s; Broken Bill Pty., 44s 9d; Broken Hill South, 25s Od; Emperor, lis Od STATE LOANS STRONG EASING IX SHARE VALUES INSURANCES TURN BACK MARKETS CLOSE NEXT WEEK With the closing of the Stock Exchanges for the Christmas and New Year vacation only a week ahead investment business is already showing signs of tapering off. Even now the difficulty of effecting deliveries prior to the holidays is commencing to arise and is restricting operations with the more distant centres. The New Zealand Exchanges will close on December 20 until January 7, while in Sydney the vacation extends from December 21 to January 2. Although there was plenty of inquiry throughout the week buyers operated within very fixed limits and found sellers rather more inclined to make concessions. In consequence the general level of values was again slightly easier. The gilt-edged section, of course, was the exception. Here the demand remained insatiable. Supplies were scant; throughout the period and prices invariably moved upward. In local body debentures similar conditions prevailed. .Recent prices for Government loans compare as follows: Year Last This Ago Week Week Bonds, 15/2/43-46, 4 9!>* 103* 103* Stock, 15/1/53-57, 3% 93V, 101% 101% Ditto, J5/4/46-49, 4 99% 104 104 Ditto, 15/0/52-55, 4 9S*+ 100% 107 Ditto, 31/5/54-58, 4 0854 War Loan, 1/10/53 .. 'Buyers. JSellers. +Ex Interest.

Activity in banks centred chiefly in New Zealands, which were traded strongly at a loss of only 3d over tiie whole week, the market closing at 41s. Insurances also yielded under continuous selling and both New Zealands and South British closed at easier rates. Little of moment occurred in _ the classified groups, while in the miscellaneous section an easing in Australian issues was the chief occurrence. The movement was mainly in sympathy with the weakness which has developed in the Australian markets as a result of the latest company taxation proposals. The loss, however, was not severe. Values as a whole continue to follow closely the levels in Sydney and Melbourne, although the premium still ruling in this market for Colonial Sugar shares is a striking tribute to the local popularity of this stock. Outstanding among the New Zealand issues during the week were Ileid Rubber shares, which advanced strongly following the publication of a very satisfactory bal-ance-sheet. At the close of last week there were offers of 225, which were replaced, following the appearance of the accounts, by a sale of 23s 3d, ex dividend. 1939 Last This Rich Low Week Week Bank N.Z. .. 41/9 37/- 41/3 41/Com. Bk. Ans. 1(5/10 14/2 15/-* 15/Nat, Bk. N.Z. 48/0 42/- 36/6* 30/-* Bank N.S.W, . <530/- 570/- 000/- 000/Union Bank . 173/0 113/6 140./Nat. Ins. .. IS,'- 15/5 18/1 IS/1* N.Z. Ins. .. 00/- 50/0 62/6 61/9 South British IS/- 41/- 49/3 49/A uck land Gas N.Z. Brew. .. 41/- 31/- 31/3* 31/6 Dom. Brew. .. 35/- 28/9 30/- 29/-*t A.C.I. .. 41/6 30/9 39/?? 39/3 Bkn. TTill Pty. Bycroft . . 39/3 35/6 42/6* 43/6 Col. Sutrar .. 1090/- 910/- 1045'- 1040/Farmers' Trad. 20'3 16/6 19/3 19/2* G. J. Coles . . SO'- 70'3 69/3t 68/OJ Wilsons Cem't 19'- 15/4 18/9 18/8 Martha .. 12/0 •Buyers. tEx Dividend. REID RUBBER CAPITAL SHARES FULLY CALLED UP The directors of Reid New Zealand Rubber -Mills, Limited, have decided to make a final call of 5s a share, making all shares fully paid. The call is payable in two instalments of 2s 6d each, on January lo and .March 19. The company's authorised capital is £120,000 in ill shares, of which 89,593 shares are allotted. Of these 3000 are fully paid, the balance being paid to Ids. The capital now being called up amounts to £2l .(318. KAURI TIMBER COMPANY BUILDING IN NEW ZEALAND , Because of defence requirements in Australia and construction of workers' houses in New Zealand, there was great building activity in the two countries, said Mr. J. Bishop chairman, at the annual meeting of the Kauri Timber Company. Limited, in Melbourne recently. There were, however, indications particularly in New Zealand, of a decline in building. With the curtailment of imports, a heavy burden had been placed upon local supplies, but steps had been taken to cope with this nroblem. Fortunately, heavy log stocks had been provided for the plywood department. Property purchased in Western Australia bad already contributed to profits, to which an increase could be expected when this branch was further developed. SALE OF PROPERTY Following spirited biddinir, a six-roomed bungalow at ! Kmpire Bond Epsom, sold ;it auction yesterday for £l2<'o. The house, which whs on a section 58ft. by 148 ft., was etferid by Samuel Vaile and Sons. Limited, on behalf of the Guardian Trust and Executors' Company of New Zealand, Limited, in the estate of William Garner.