CHRISTCHURCH STOCK EXCHANGE.

Press, Volume LXIV, Issue 19460, 6 November 1928, Page 12

CHRISTCHURCH STOCK EXCHANGE.

During Baca Week the Exchange is holding a call at 9.30 a.m. only. Markets were dull on call yesterday and the turnover was small. Government issues were steady at late rates.

In bank shares, buyers of English, Scottish, and Australian Bank shares advanced their bids to £8 16s 9d, sellers firm at £8 17a 3d. Bank of New Zealand eharea Were wanted at 61s 5d (Saturday's closing business figure), sellers at Gls 6d. Advice has been received that the Bank of New South Wales transfer books will be closed for dividend purposes on the 12th inst. Sellers of Queensland National Bank shares, cum dividend, receded to £3 ss, no buyers offering. Amongst the miscellaneous investment section, National Insurance buyers offered 16s lid, with sellers at 17s, and a parcel changed hands at l6s lid. New Zealand Insurance shares were stronger with buyers at 465, sellers at 46s 6d. Canterbury Frozen Meat buyers mo fed up to £9 3s, but sellers wanted £9 10s. A parcel of Carlton Brewery shares was released at 48s 6d, the market closing 6d on either side. New Zealand Breweries' shores wore available at 60s, buyers at 54s 10d. Buyers of Tooheys offered 3] s Gd vithout attracting sellers, and Tooths were firm at 48s 6d buyers, 49s sellers; 33s Gd was given for a parcel of Electrolytic Zinc ordinary shares, with further buyers at that price, sellers at 33s 9d. Two thousand nine hundred Mahakipawa Goldfields shares were released at Is sd, and there was further demand at lg 4d, sellers at is 6d. The nixth call of is per share has been made on all contributing shares in the Alexander Mines, Ltd., and is payable on the 21st inat., making these shares paid up to 12s each. A parcel of Wilson's Cement shares was sold at 40s.

YESTERDAY'S TRANSACTIONS,

Sales on 'Change—Carlton' Brewery, 46s 6d; Electrolytic Zinc (ord.), 33s 6d; Mahalupawa, Is 5d (five parcels). Sales reported—National Insurance, 16s lid; Wilson's Cement, 40s. LATEST QUOTATIONS. Buyers. Sellers. £ 6. d. £ b. d.

OTHER EXCHANGES.

(PRISS ASSOCIATION TM.EQBAMS.) AUCKLAND, November 5. Sales —Inscribed Stock, 1933, 5J per cent., £lOl 7s 6d; Bank o£ New Zealand, 61s 6d; South British Insurance, 645; Auckland Gas, 235, 23s Id; Northern Steamship (con.), 6s 9d; New Zealand Breweries' Shares, 55b; Ohinemuri Gold and Silver, 7s 2d. WELLINGTON, November 6. Sales Reported—B3: per cent. Government Stock, 1932, £99 2s 6d; 5J per cent. Government Stock, 1933, £IOO Bs; South British Insurance, 645; Staples and Co., 403.

COMMONWEALTH BONDS.

PRICE OF ISSUE RAISED.

The Australian Loan Council has decided to increase the price at which Commonwealth 5} per cent, stock and bonds, with currencies of seven and fourteen years, are being issued by State Treasuries for the conversion of maturing State securities, according to a statement by the Federal Treasurer (Dr. Earle Page). The higher price, which is £99, as against £97" 10s —the issue price for the past few months —will be charged from October 25th, and will also apply to new cash investments made at each State Treasury. Dr. Page said the Loan Oouncil was unanimously of the opinion that the improved conditions in the money market justified its decision. For many years it has been the practice of all the State Treasuries to carry on counter saleß of State securities throughout the year, with a view to securing new cosh for loan purposes. In addition, the States have from time to time been arranging for the conversion of maturing State loans into new State securities. .The financial agreement between the Commonwealth and the States, which came'into operation at the beginning of September, provided for the continuation of these counter sales of securities and conversion operations by the States, subject to the issue of Commonwealth securities in all cases. It was_ in these circnmstnnces that fhe States directly commenced the issue of Commonwealth stock and bonds. The present review of the terms for the issue of these securities has been made by the Loan Council in accordance with the provisions of the financial agreement.

FIJIAN PINEAPPLE COMPANY.

The directors of the Fijian Pineapple Co., Limited, report that the company went to allotment on Thursday, November Ist, the minimum subscription having been considerably exceeded. The Bhare list will be finally closed on Saturday, November 17th.

N.Z. GOVT. DEBENTURES— 4£ per cent. Inscribed, 1936 - .. - ■ • 99 0 0 99 10 0 4J per cent. Inscribed, 1939 99 2 6 — 4J per cent. Bonds, 1930, 1938, and 1939' 99 5 0 — 4| per- oent. Bonds, 1941 99 0 0 — 5J per cent. Inscribed, 1933 '.. .. : 101 2 6 101 7 6 gj per cent. Bonda, 1933 101 2 6 — 6J per cent. Inscribed, 1936 .. - — 101 7 6 OTHER DEBENTURESN.Z. Breweries, Inscr. 1 4 1 ' — N.Z. Breweries, Bonds 1 4 3 — BANKSAust. of Commerce — 1 13 7 Australasia 14 12 6 — Comm. of Aust. 1 10 2 1 10 4 Comm. of Aust. (pref.) 7 5 ir — Comm. of Sydney 27 7 6 27 16 0 E., S., and A. 8 16 9 8 17 3 National of Australasia (£10 paid, cum div.) 19 4 0 19 7 0 National of N.Z. 7 O 0 7 2 6 Now. Zealand .. 8 1 5 3 1 t> Union of Aust. 15 5 6 — Queensland National (cum div.) — 9 5 0 INSURANCE— National 0 16 11 0 17 0 New Zealand .. 2 6 0 2 6 8 South British .« •• 3 3 3 3 4 6 Standard ■■ •• — 3 5 " 6 LOAN AND AGENCY— Goldsbrough, Mort 2 11 3 — National Mortgage 4 6 b — United Building Society 0 14 9 0 15 3 SHIPPING— Huddart-Parker 1 0 6 —• P. and 0. Deferred Stock (cum div.) .. 2 14 0 , 2 16 0 FROZEN MEATCanterbury N.Z. Refrig. {£1 paid) 9 8 0 18 0 9 9 10 u 0 18 11 N.Z. Refrig. (10s paid) 0 9 2 0 9" a WOOLLENSKaiapoi (17s paid) 0 13 6 0 14 6 Kaiapoi (7s paid) .. 0 4 3 3 Kaiapoi (pref.) .. 0 14 6 0 15 COAL— Taiipiri. ••. >•*. 1" 6 3 ■ .""* Stockton (pref.) — 0 i 6 GAS— Ashburton 5 10 0 — Christchurch .. 1 5 3 ~~ Christchurch (10s paid) 0 12 6 0 18 o Timaru 1 2. 0 m ~ m BREWERIES— Carlton .•■,' ■•• 2 8 0 2 9 0 New Zealand ..* ■••' 2 14 10 2 15 0 Staples .i Timaru ■«. 2 0 0 0 14 10 — Tooheys ... <•• 1 11 " t> ~ Tooths 2 8 6 2 9 0 Ward 2 ,2 0 ■— Swan ..... 4 2 0 — CEMENTS— 6 Wilson's •• ,,: 2 0 0 2 1 MISCELLANEOUS— 2 5 0 British Tobacco 2 4 3 D.I.C. (10s paid) 1 0 0 ~~ Electro. Zinc (ord.) .. 1 13 6 \ 18 9 Electro. Zinc (pref.) .. 1 14 8 """ Glenmore Brick and Tile 18 6 -- Hayward'e Pictures .. — 1 1 » Greater Crystal Palace 0 19 6 — 3 Ho'.den's Motors — 1 8 N.Z. Farmers' Co-op. ("A" pref.) • •■ 2 13 6 N.Z. Farmers' Co-op. (6J per' cent. Stock, 1941) •• •• N.Z. Farmers' Fertiliser 0 17 8 98 0 0 18 0 6 Quill, Morris 0 18 3 0-19 2 Victoria Nyanza Sugar 2 4 0 — Mt. Lyell 1 16 0 — East African Coffee (10s paid) •• 0 15 6 "~ MTNING— Mahakipawa .< 0 1 4 0 1 6 Waihi 0 12 11 0 13 6