THE WEEK'S TREND

New Zealand Herald, Volume 81, Issue 25054, 18 November 1944, Page 5

THE WEEK'S TREND

ACTIVITY MAINTAINED BANK OF N.Z. VALUES A healthy tone ruled on the Stock Exchange during tho week, with a satisfactory turnover each day. Lately reduced values, however, were barely maintained and in a number of cases vendors had to make further concessions to secure transfers. Price ley®'® are now close to those rulinsr six montns ago, when an exceptional demand took values for many securities to record heights, u-ov-enimeiit stocks continued firm at the lower levels lately established and slight rccovcrlM were recorded in some of the Liberty Jjoan issues. The Victory Loan 3 per cents, which hart cased a trifle at the close of last weeK, recovered with steady business at £O7 and buyers still in at that figure at the last call yesterday. The '2% per cent issue of imp Victory Loan had its first sale at i.OO Id, showing a yield to the purchaser of approximately .'''4 per cent, which is in line with most other issues. ... Comparisons of Government Issues, witn those ruliiicr on November 10 and a year ago, aro as follows: — , , , Year Last This Ago Week Week x* ( iStk., 15/1/53-57, 3% *lO3 *lO2 —• Do., 15/4/40-40, 4 102% 100% IMA Do., 15/0/32-33, ■! *lO7 105% *"10«Y/a W.L., 1/10/53. G l / a 01 Vi 04 04 L.L., 15/0/47, «»/, 07 V. 08% *OS*/« Do., 15/5/18, 2% OS m/. *§o7 Do.. 15/0/52.55, 8 OS% 07 J /< Do., 15/5/53-50, 3 07 3 /, 95% *§97V 4 •Buyers §Last sale cum interest. In the banking section New Zealands continued to reflect the uncertainty in regard to political action. Investors take an optimistic view of the price the Government will pay if it decides to acquire the private shares in the hank and the market has been active between 45s Od and 45s Od, compared with 44s fid last week. For other bank shares the demand weakened and lower rates were accepted for Commercials. Nationals or New Zealand and Australasias. Insurances lost further ground. _ There was a steady demand for most Dominion industrials, with the exception of woollen manufacturing companies, which were acaln neglected. The unsatisfied requirements of the building trade are reflected in timber companies' shares, which receive much more attention than in the past. Chain and departmental stores have been quieter, but Improvement was recorded in Woolworths (N.Z.)which moved up lo -Ms 3d. Auckland (ins shares weakened further, both the ordinary and contributing issues being transfiTreil at Imvr rales and Wilsons Cement# <1 ronpeil ;• mil her :iil Both Ibc.se cninuanies arc affected bv the uncertain! v of coal supplies. (snin« were miulc I>y K.I>.V. Boxes, Northern Steam and Dominion Breweries. Australian leaders were less keenly sought. Colonial Sugars dropped to the lowest level since July of last year and lower prices were accepted for Broken Till! Proprietary and Morris Hedstrom. In the mining section marked reductions took place in Marthas and Mount Morgans. 1013 Last This High Low Week Week Bank of N.Z. 43/- 40/0 44/10*45/0 Com Bk. A list, 17/7 15/0 17/11 17/10 Nat. Bk. N.Z. 51 IB 4R/6 53/0 53/0 Bank N.S.W, . 085/- 600/. 710/- 710/4 Union Bank . 151/0 152/Nat. Insce .. 21/0 21 IB 25/4 25/4 N.Z. Tnsce. . . 00/. 70M .87/- 80/0 Sth. British . 70'3 07/0 75/0 75'0 .A'uek. Ons . , 7/0 O'O 7/8 7/0t N.Z. Brew. .. 30'3 35/0 42/8 40'fl Do'n Brew. .. to/- 31/0 45/- 45/3 A.C.I, . .. 50/- 50/- 58/0* 57/-5* Bkn. Rill Pty. 45/0 40/0 44/0 Bvcroft .. 51 '0 40/n 53'- 53/Col. Sn«r«r .. 1100/- 1000/-1135/- 1115/Farm. Trad. . 25/3 21'7 20'- 20/C .T. Coles .. 01/3 53/0 00/ 00/-t Wilsons Cem. . 10/0 18/- 18/5 18/2 WVfhs (N.Z.) 18/3 14/10 21/- 21/3 Ditto (Syd.) 10/0 15/8 20/10 21/*Buyers {Sellers. §Last sale cum dividend. THE CITY MARKETS STRAWBERRIES CHEAPER Larger consignments of strawberries caused prices to recede at tho City Markets yesterday, quotations lor choicest Captain Cook varieties ranging from 4s to 5a a chip. A supply of Island tomatoes had an adverse effect on prices for locally-grown hothouse fruit. Green cooking plums sold from 7s Od to 10s Od a case. Tho market was heavily supplied with green peas, cabbages, carrots and rhubarb. Prices were:— Fruit.—Tomatoes', hothouse, Is Od to 2s 4d per lb; outdoor, Is 3d; Island, 22s Od a case; oranges, local, sweet, 27s Od; tree tomatoes, new black, 31s; yellow, 25s to 28s; lemons, Meyer, lis to 14s Od a half case; plums, cooking, 7s Od to 10s Od a case; strawberries Captain Cook, extra choice, 4s to 5s a chip; jam. Is 6d to 3s Od; gooseberries, 11a to 14s 6d a case; loquats, 15s (id to 30s Od. Field Produce, —Asparagus, Od to Is Od a bundle; beet, 7s to lis a ense; broad beans, 3d to 3d per lb; carrots, new season's. 30s a cwt.; others, 5s to IDs a sack; cauliflowers, f»s to 17s; cabbages, Is Od to OS, or up to 22s a cwt.; cucumbers, hothouse, 10s to 17s a dozen; green peas, 8s to 13s a case; kumaras, 33s a cwt.; leeks. Is to 2s a bundle; lettuce 5s to ISs a case; marrows, new season's. Os to is 9d each; onions, 34s Od a cwt.; potatoes, Southern, 14s to 15a Od; new, 2!4d to 2'/jd per lb; pumpkins, choice Triumblo, 50s to 00s a cwt.; mixed lines. 20s to 40s; parsnips, 30s; radish, 2s to 3s Od a dozen: rhubarb, 2s to 4s Od; spinach, 7s to lis a case; spring onions, Is Od to 3s Od a bundle; swedes, 4s Od to 5s Od a bag: turnips, 4s to 7s a case. Poultry.—Cockerels, heavy breeds, prime, 58 Od to Os each; not prime, 4s to ss; light breeds, prime. 3s Od to os; not prime, 3s; fat hens, heavy breeds, Os to 7s; light breeds, 3s to 4s; pullets, heavy breeds, best. 7s to 10s; smaller, 3s up; light breeds, best, 5s to Os; smaller, Qs up; drakes, young, prime, 3s up; smaller, 2s up; old, 2s Od; ducks, young, -Is to Os; old, 2s Od to 3s; geese, 4s to ss; turkey hens, <s to lis; gobblers. 15a to 20s, Eggs.—Ben, standard grade. Is IO'AA a dozen; duck. Is 7Vjd.