STOCKS AND SHARES

Evening Post, Volume CXIII, Issue 105, 6 May 1927, Page 9

STOCKS AND SHARES

BUSINESS OF THE WEEK

.... "Evening Post," 6th May. - Although at is generally agreed that money is tight, with no prospects of any immediate relief, yet this has not been reflected in the stock and share market over the past week. Government loans, however, the 4% per cents, free of income tax and the 5% per cents., have been dealt m during the period in review, but prices realised were about the same as those recorded early in the year—and the sales on Change and reputed to various exchanges are given hereunder. Bank'shares have had fewer sales, excepting those of the Bank o£ New Zealand, in which considerable business has been done at 59s 9d to 60s, and some sellers are ready to quit at the latter figure. The "long-term" 7% per cent, mortgage shares of the Bank have sellers at 26* 6d, and, incidentally, sonic 2250 of these shares which were not allotted are to be offered to shareholders for purchase by tender. There were buyers of P. and O. Banks at £9 10s and no sellers. These shares, it may be recalled, were issued as to 255,000 in New Zealand, through the Union Steam Ship Company, in May, 1920, at £10, with a premium of 2s 6d. The capital was £5,000,----000. Turnover in other bank shares has been moderate during the week. Interest in the New Zealand and South British Insurance Companies is represented by several sales of both during the week. Buyers of Equitable Building are offering at £8 17s 6d. Meat shares are quiet, but there were offers for meat exports at 5s just prior to the announcement of the proposed acquisition of £50,000 of preference shares in that company by the Wairarapa Farmers' Meat Compauy. The £1 shares of the New Zealand Refrigerating Compauy are wanted at 14s 3d to 14s 6d, but .jpllers of the 10s Bhare will take 6s 7d or 6s 6d. Inquiries are made for Hud-dart-Parker and Union Company preference at 20s 6d and, 20s 4d respectively; and P. and O. deferreds have buyer* at £261; Timber companies' shareß have sellers at 38s for Leylands, 25s 9d for Taringamutus, and 14s for Nationals. New Zealand Breweries are wanted at 50s 6d, but are held for 51s 6d. Staples and Co.'s shares are in demand at'3Bs 3d. Sellers of Burns, Philp hold for 425. There are sellers of Sharlands at 22s for ordinary and preference, N.Z. Paper Mills at 17s M, National Electric at 16s, and Wellington Woollen preference at £6 Bs.

Sales reported and on 'Change reported Bince Friday last were as follow:—

Government Loans.—4% per cent. War Bonds (1938), £96 10b, £96 17» «d; «% per cent. War Stock (1938), £96 15s, £96 12s 6d, £06 10s; 4tt per cent. War Stock (1939), £96 15s; 5 per cent. Post Office Bonds (1927), £99 ss; 5Vt pcl 1 cent. Stock (1933), £101, £101 ss, £101, £101 2s 6d, £101 ss; 5% per cent. Stock (1938), £101. Local Body Loans.—s% per cent. City of Auckland (1940), £97; 6 per cent. Auckland Harbour (1941), £104; 5% per cent. Christchurch Trams (1944), £98. Company Debentures. —10 per cent.N.Z. Breweries, 24s 3d, 245; 8 per cent. Milne and Choyce, 24s 3d. Banks.—New Zealand, 60s, 69s 9d, 60s, 59s 9d, 60s 3d, 60s; National Bank of New Zealand, £7 4s 6d, £7 6«; Australasia, £14 14s; Union, £15 14s, £15 13s; National of Australasia (new paid), £17 7s 6d; Commercial of Australasia (ss), 14s; New South Wales, cum rights, £49 10s; English, Scottish, and Australian, £8 12s 6d.

Financial Compahies.—Dalgety, cum dividend, £16 ss; Goldsbrough, Mort, 50b Gd; National Mortgage,' 66s 6d; New Zealand Guarantee (8s), 9s 7&d, 9r6d/te sd, 9s 3d. r

Insurance. —New Zealand, 37s 3d, 37s 6d; South British, 545, 54s 3d, 54b; National, cum dividend, 745. Gas.—Auckland, ordinary, 23e 3d, 23s 4d, 23s sd; Christchnrch, 24s 4d. Coal—Westport, 35s 6d; Waipa, 13s 9d; Westport-Stockton, la Gd, Is 9d, Is lOd; Hikurangi, preference, 2s Id. Shipping.—P. and 0., deferred, £264, £263; Hudart-Parkcr, 47s 6d. Miscellaneous. —New Zealand Drug, new, o'2s 6d; Colonial Sugar, -£60, £60 10s; ■Holdcn Motors, 43s 9d; Wellington Woollen, £6 7s 6d; Kauri Timber, 25s 6d; Smith and Smith, preference, 17s 6d; Dominion Rubber, 43s 9d; Beath and Co., preference, 20s; Farmers' Fertiliser, 80s 6d; Milburne Lime, 26s 6d; Wilson's Cement, 35s 3d; British Tobacco, 52s 9d, 535; Scoullar and Co., 225. Mining.—Waihi, 18s; Electrolytic Zinc, preference, 34s 6d, 34s 8d; Kawar&u, 3s, 3a Id, 3s 2d, 3s. Dividends due June:—Bank New Zealand, Goldsbrough, Jlort, New Zealand Loan and Mercantile, Hokitika Gas, Wellington Gas, preference, Canterbury Frozen Meat, -Geftr Meat, Kauri Timber, Australian Glass, Devonport Ferries, C. M. Banks, British Tobacco, Henry Jones, National Electric, New Zealand Express, preference, Farmers' Fertiliser, Scoullar, Wilson's Cement.