STOCKS AND SHARES

Taranaki Daily News, 11 May 1935, Page 10

STOCKS AND SHARES

NEW ZEALAND EXCHANGES. YESTERDAY’S TRANSACTIONS. Transactions yesterday on the New Zealand stock exchanges are reported oy the Press Association as follow:— Dunedin: Sales on exchange: Refrigerating (con.), 9s Id (two lots). Reported sales: Union Bank of Australia, £8 12s 6d; National Insurance, £1 Is 8d; Dalgety, £8 (late sale Thursday); New Zealand Drug, £4; New Zealand Breweries, £2 15s 8d (late sale Thursday); Bendigo Goldlight, Is; Waihi, £2 2s 3d. Auckland: Sharemarket sales: Stock, 1949, 4 per cent.,.£lo7 17s 6d; ditto, 193943, 3i per cent., £lO4 10s; Bank of Australasia, £lO 19s; E„ S.- and A. Bank, £4 18s 6d; Bank of New Zealand, 50s lid; Pukemiro Coal, 22s 6d; Auckland Gas, 28s, 28s 3d; Broken Hill Proprietary, 555; Farmers’ Trading, 7s 9d, 7s 10d; ditto Gt pref.), 18s 6d; Goldfields Dredging, 4Jd; Gillespie’s Beach, Is 3d; Waffu, 42s 9d. Unofficial list: Woolwdrths (Sydney), 88S <2). . , ♦ Christchurch:—Unlisted stocks: Whites Electric (6d paid), 4%d; Woolworth’s (Sydney), ord., 88s 9dj(2). Sales on exchange: Commercial Bank of Australia, 15s lOd, English, Scottish and Australian Bank, £4 18s 6d; Bank of/New Zealand (cum div.), 51s; Dalgety and Company (cum div.), £8 6s 6d; Westport Coal (cum div., odd lot), 21s 6d; New Zealand Breweries, 55s 3d, 55s (2); British Tobacco, 38s 8d; Dunlop Rubber, 17s, 16s lOd (3); Maori Gully, Is 7d; Mount Lyell, 20s (3), 19s lid; Waihi (cum div.), 42s Bd. Sales reported: Reserve Bank, £6 12s 9d; Westport Coal (cum. div., late sale May 9), 21s 6d; Manawatu Knitting Mills, 37s 3d; Sun Newspapers, 6s sd; Golden Point (late sale May 9), Id.

SYDNEY EXCHANGE CONFIDENCE. FIRM ON EVE OF ELECTION. By Telegraph—Press Assn.—Copyright. Rec. 8.40 p.m. Sydney, May 10. The tone of the Stock Exchange on the eve of the State election is one of confidence. The market is very steady. Sales to-day were: Bank of New South Wales, £3l 10s; Commercial Bank- of Sydney, £l7 15s; Bank of Australasia, £ll 14s; Colonial Sugar, £4l 12s 6d; Tooth’s, 52s 6d; Carlton. Brewery, 495; Goldsbrough Mort, 31s Winchcom.be Carson, 28s; Morris Hedstrom, 19s; Electrolytic Zinc, 25s 3d; David Jones, 41s 9d; Anthony Hordern, 18s 6d; Lustre Hosiery, 26s General Industries, 16s 9d; Wunderlich, 21s; Broken Hill Proprietary, 55s 6d; South. Broken Hill, 84s 6d; North Broken Hill, £5 19s; Euratha Gold, 3s lOd. Melbourne sales were: Dunlop Perdriau, 17s 2d; Zinc Corporation, 355; Mt. Lyell,' 20s 3d. OUTLOOK DIFFICULT TO GAUGE. WOOL CONSUMPTION IRREGULAR. By Telegraph—Press Assn.—Copyright. London, May 9. The selection was above the average, report Dawsons, commenting on the wool sales. An outstanding feature was Continental buyers’ special keenness for crossbreds, though Germany bought little. Competition was brisk, but the outlook is difficult to gauge. Tops did not respond to recent advances in raw material, yarns suffering a spasmodic demand. Further rises in wool may check consumption, which is irregular. Worsted mills are fairly prpsperous. The woollen section of the trade, however, is quiet and many machines are idle. The greatest need at the moment is s rise in the price of manufactured goods.

KEEN DEMAND IN AUSTRALIA. , Brisbane, May 10. The wool sales concluded very firm on rates ruling during the week. Top prices were: Greasy 16Jd, scoured 26id. Trade experts express the opinion that there is every prospect of the market continuing buoyant at the next series to be held next week. At the Adelaide sales higher prices and a keen general demand marked the opening of the sales. The estimated rise was 15 per cent on the previous Adelaide market in April and 5 per cent on the last sales in eastern States