CHRISTCHURCH STOCK EXCHANGE.

Press, Volume LXIV, Issue 19312, 17 May 1928, Page 10

CHRISTCHURCH STOCK EXCHANGE.

There was a fair turnover of stocks yesterday and prices were well maintained. In the stools and bond section .buyers offered £97 15s lor the 4J per cent, tax free issues, no sellers quoting. per cent, stock, due 1930, was available at and 4 per cent. 1929 taxable stock at £9°, no buyers. Quotations for .New Zeaianu Breweries debentures were 23s od buyers, 23s 8d sellers. In ' the bankiag section, buyers weie in strong evidence, and most stocks showed a hardening tendency. Australian Bank of Commerce ro3e 2d to turnover at 34s 4d, and more were wanted at 34s sd, sellers asking 34s Bd. Bank of Australasia shares liad stronger demand at £14,7s 6d, but sellers were reticent. Commercial Bank of Australia had dealings at 28s 9d with further buyers at that price, sellers at 28s lOd. English, Scottish, and Australian Bank were steady with business at £8 8s 6d, and buvers stayed in at that figure, sellers at £8 "8s 9d. Bank of New South Wales buyers moved up to £4B 2s 6d, but sellers wanted £4B ss, A parcel of Bank of New Zealand shares was released at 60s 6d; market clewing 60s. 6d buyers, 60s 6d sellers. Queensland National Bank buyers advanced to £9 2e, with sellers at £9 10s. Other stocks held at late rates. In the miscellaneous investment section, National Insurance shares quoted ex dividend, 15s 7d sellers, no buyers. Dalgety and Co. shares changed hands on the morn* ing call at £l4 12s, and on tho afternoon call at £l4 12s fid. Goldsbrough, Horls were sought at 50s lOd, but sellers wanted 51s. Howard Smiths were active at higher prices, and on the afternoon all sales were effected at 17s Od, 27s 7d, 27s Sd, market closing 27s 6d buyers, 27s 9d sellers. N.Z. Refrigerating £1 paid shares realised 17s lid, closing quotes 17a lOd buyers, 18s Id sellers. Staples Brewery shares were offered at 36s Get, no buyers. British Tobaccos were fractionally firmer with buyers at 43s Id, sellers at 438 6d. Quill, Morris shares were offered at 20s 9d, buyers quoting 18s 9d. For Wlntcombe and Tombs shares buvers raised their bids to 71s, sellers at 71s 9d Other quotations showed little change. YESTERDAY'S TRANSACTIONS. V Sales on 'Change—Aust. Bank of Commerce, 34s 4d; Bank of New Zealand, 60s 6d; Comm. Bank of Aust., 28s 9d, 28s 9d (odd lot); Dalgety and Co. (cum div.), £l4 12s, £l4 12s 6d; English, Scottish, and Australian Bank, £8 8s 6d (2 parcels); Howard, Smith, 27s 6d, 27s 7d (3 parcels); N.Z. Refrigerating '£l paid), 17s lid. LATEST QUOTATIONS.

OTHER EXCHANGES. (PBESS ASSOCIATION TELEGBAMB.) AUCKLAND, May 16. Sales—Commercial Bank of Australia, 28s

9d; Bank of New Zealand, 60s 3d, 60s 6d; British Tobacco, 43s 3d. WELLINGTON, May 16. Sales—Bank of New Zealand (five parcels), 60s 3d. Sale reported—Wellington Gas (two parcels), 28s. DUNEDIN, May 16. Sale—Eclipse Petrol, 9s. Sales Reported—Commercial Bank, 28s lOd; National Mortgage, 75s (three); New Zealand Insurance. 41s 9d, 41s 6d; British Tobacco, 43s 3d; New Zealand Refrigerating (paid), 17s lid; Dalgety's, £l4 12s 6d (two). LONDON WOOL SALES. (mnTZD PItISS ASSOCIATION—BY ZMICTBIO TILEGEAPH —COF7BIGHT.) LONDON, May 15. At the wool sales 11,311 bales were offered, of which 6859 bales were Australian and 3419 bales New Zealand. There was an excellent . selection of merinos, but a limited supply of other sorts. There was a good tone and keen competition from all centres. Prices were unchanged. New Zealand lots sold: Mount Paul, 27d top, 25Jd average; Lyndon (26Jd), 241 - Birchill (26d), 24Jd. —Australian Press Association. GOLD. LONDON, May 15. The price of gold Is £4 4s 10id an ounce. Australian Press Association.

Buyers. Sellers. £ s. d. £ B d. N.Z. GOVT. DEBENTURES— 4 per cent. Inscribed, 1929 98 0 0 4i per cent. Inscribed, 1933 and 1939 97 15 0 — 4i per cent. Bonds, 98 0 1930 0 4J per cent. Bonds, 1938 and 1939 97 15 0 Si per cent. Inscribed, .1933 100 0 0 100 10 0 5J per cent. Inscribed, 100 5 1936 0 — 6J per cent. Bonds, 1936 .. _ 100 7 c — 5J per cent. Inscribed, 1930 — 99 10 0 OTHER DEBENTURESChristchurch Trams, 5jfc per cent. f 1914 98 0 0 — 3 N.Z. Breweries, Bonds 1 3 c 1 3 Glaxo, 6£ per cent., 1945 90 0 0 — BANKSAdelaide 9 7 6 9 10 0 Aust. of Commerce .. 1 14 5 1 14 8 Australasia 14 7 6 — Australasia (new 1st call paid) .. 6 2 0 — 10 Comm. of Aust. 1 8 9 1 8 Comm. of Sydney 26 17 6 27 0 0 E., S., and A. .. 8 8 6 8 8 9 National of Australasia (£10 paid, cum div.) 18 G 0 IS 9 0 National of Australasia (£5 paid, cum div.) 9 3 0 9 3 6 National of N.Z. 7 0 0 7 2 6 New South Wales (cum div.) 48 2 e 48 5 0 New Zealand .. .f 3 0 6 3 0 8 New Zealand (Mortgage shares, £1 paid) .. 1 6 9 — Queensland National 9 10 (cum div.) 9 2 0 0 Union of Aust. 14 17 6 14 19 0 Comm of Aust. (new) 0 12 $ 0 13 2 Comm. of Aust. (fully paid) 1 7 7 1 8 3 INSURANCE— National (ex div.) — 0 15 7 New Zealand .. .. 2 1 4 — South British 2 19 9 — Standard 3 3 6 — LOAN AND AGENCY— Dalgety and Co. (cum 14 12 div,) 34 11 6 6 Goldsbrough, Mort 2 10 10 .2 11 0 National Mortgage S 15 6 — N.Z. Loan and Mercantile (ord. stock, cum div.) 103 0 0 110 0 0 SHIPPING— Devonport Ferry 1 3 0 1 4 9 Howard Smith 1 7 6 1 7 9 Iluddart-Parker 2 6 6 2 7 6 Huddart-Parkex (pref.) 1 0 4 — Northern Steam (fully ■ paid) 0 15 9 0 16 6 Union (pref.) 1 0 5 — FROZEN MEAT— Canterbury 9 0 0 — Gear 1 18 G 1 19 6 N.Z. Refrig. (£1 paid) 0 17 10 0 18 1 N.Z. Refrig. (10s paid) 0 8 2 0 8 4 WOOLLENSKaiapoi (pref. ro div. only) .. ... Wellington (pref.) 0 13 6 — 6 6 0 — COALWestport .. •• 1 10 0 1 10 S Stockton (ord.) • 0 2 11 0 3 0 Stockton (pref.) 0 3 1 0 4 0 GAS— Ashburton 5 0 0 5 13 6 Christchurch 1 4 0 1 4 2 Christchurch (Ida paid) 0 11 5 0 11 6 Timaru .— 1 3 0 BREWERIES— Carlton .. .. 2 5 0 2 5 6 New Zealand .. 2 2 9 2 5 0. Tooths (cum div.) 2 3 3 2 3 7 Ward X 35 0 1 17 3 White Star — 0 17 0 CEMENTS— Wilaon'a 1 18 9 — TIMBER— Kauri .. .. 1 1 0 — MISCELLANEOUS— Beath and Co. .. 1 12 6 1 13 0 British Tobacco .. 2 3 1 2 3 6 Dtinlop Rubber 1 5 0 1 7 0 Electro Zino (ord.) 1 10 6 — Electro. Zinc (pref.) .. 1 12 4 1 12 6 Greater Crystal .PaTace 0 18 0 — Hay ward's Pictures Holden's Motors 1 O 0 1 1 0 1 10 9 1 11 3 Mason, Struthers (£1 paid) , 1 1 0 1 2 6 N.Z. Drug Co. 3 9 0 8 11 0 N.Z. Fanners' Co-op. (1st pref.) 3 10 0 — N.Z. Farmers' Co-op. (6§ per cent. Stock, 1930) 81 0 0 85 0 0 N.Z. Farmers' Fertiliser (cum div.) .. 4 18 0 4 13 6 N.Z. Guarantee Corpn. 0 8 5 0 8 7 N.Z. Sugar of Milk — 1 1 0 Perdriau Rubber 1 13 6 — Quill, Morris 1 .. 0 18 9 1 0 9* Taranaki Oil 0 8 0 0 9 0 Whitcombe and Tombs 3 11 0 3 11 3 MINING— Mahakipawa 0 1 5 0 1 7 Mt. Lyell (cum div.) 1 12 7 i :3 0 Waihi (cum div.) 0 12 0 0 12 4