STOCKS AND SHARES

Evening Post, Volume CXIII, Issue 128, 3 June 1927, Page 9

STOCKS AND SHARES

PRODUCE AND MARKET REPORTS FROM DAY TO DA^

THE MARKET REVIEWED

"Evening Post," 3rd June. Firmness continues to be ihown in the stock and share market, taking the Dominions as a whole. During the week there has been a keen interest shown in the Government loans of the 4% per cents.' (1938) free of income t*x and the 5*4 per cents. (1933) subject to income tax. Turnover in these securities has been "active all through the week, prices having a hard-"' emng tendency. Interest on the 4V4 per c Sr"i There was a fair inquiry for some f. the larger local body. loanVind amon| them Auckland Harbour Boards have beeS £* r,\ 8«« cent- Wellington Eac i ebea*»reß are demanded at tiub ss. Interest is sustained in bank WSand., all b\ nks d 0»? burine» » the Dominion have been well represented in the sales, as have also come institutions not operating in New Zealand. Bank of New Zealand ordinary shares command maytlaffor^^rllßl^ ***** Equitable Building Company shares were wanted, £8 17s, offered. In Dalgety's old and new shares and the "rights" to the new there has been a quite good turnover • W Zealand Guarantee Corporation 8s shares are rather weaker. Trust and Loan had buyers at £6 18s. Wellington Investment sellers hold for 10s 9d; „,a *%%* ax? disPOsed to pay something on 9s 3d for New Zealand Investment knd Mortgage. The insurance market received attention interest being focused upon & 5$S& *"&£"* Brituh ' -d Sales have been made of Auckland. Wellington, and Christchurch gas, as will be seen hereunder, and the local company had buyers of its ordinary shares at 27s and 16s 4d was offered for. its preference shares, with no sellers at those fibres In nieat companies interest has been agam shown in Gears with buyers at 35s 6d, sellers firm for 365, and no sales reported at that price. Meat Exports had buyers at 10s 9d, the sellers' price being 12s «. Business in New Zealand Refrigerating shares has been rather quiet, 00 safes of^the £1 shares having been notified; and sellers of the 10s shares prepared to take 7s. _ T The shipping market had S% per cent. Umon Steam Ship preference buyers at £1, ex dividend. Seller* of P. and O. Deferreds were wanting £300. TJiese shares ma ■ J ? no £ apid rise early "»•.• the week, from £288 to £291. Huddart-Pwker ordinaries were obtainable at 47s 9d, and iuyers ot Howard Smiths are offering 30s, With no sellers. " '.. Brewery shares have been dealt in with btaples showing a rise on the week. 'Sellers of New Zealand Breweries yesterday were prepared to take 51s, but Staples were held for 425. . Timber shares have elicited no inquiry but sellers of Leylands were quoting 36s and of Nationals at 14s. British Tobacco ordinaries had active inquiry.. The l preference shares in this company are in request at 20s 6d. Westport Coal'shares were wanted at 34s 6d and for the West-port-Stocktpn preference 2s 9d was offered. National Electric buyers were prepared to pay 14s 3d, with no sellers. New Zealand Paper Mills could be had for 17s 3d, ex dividend, and Sharland's ordinaries or preferenco wero available at- a guinea. Buyers of Fanners' Fertilisers were prepared to pay 81n for (hares cum dividend. D.I.C. prefereuca were' wanted .at 20s 9d. . . ■ Some attention has been paid to Waihis and Grand Junctions during the past week, as sales made of those share* will show. Inquiries for Mount Lyells and Electrolytic Zincs (preference) were made :at 27s cum dividend and:33b;respectively. Prices realised on .'change and reported during tile past week were as follow:— Government Loans.—4% per cent. Stock (1938), £97, £96 17s 6d, £96 ss, £96 15s, £96 17s 6d, £97; 5% per cent. Stock (1933), £101 2s 6d and (1936) £101 ss, £101 2s 6d, £101 ss; 5 per cent. Post Office Stock (1927), £99 5s and (1929) £98 7s 6d. ■ Local Body Loans.—s% Auckland Harbour Board, £99. Company Debentures.—Glaxo, £89; 10 per cent. New Zealand Breweries Bonds 245, 23s lid. - Banks.—Bank of New Zealand, 80s lOd, 61s, and "D" shares 25si; National of New Zealand, £7 3s, £7 2s 6d; Bank of New South Wales, rights, £25 7§ 6d; Commercial' Bank of Sydney, £25; Union Bank, £15 10s; Bank of Australasia, £14 15s 6d; .' Commercial of Australia, ordinary, 29s 3d; Bank of Adekide, £9 15s, £9 13s. Insurance.—New Zealand, 395, 39s'Ud; South British, 555, 55s 4d. ■ Financial Companies.—Dalgety, £13 ss, £13 7s, £13 6s; rights, 565,' 55s 6d, 54s 6d, 585,.555, 56s 6d, 575, 625, and new, 60s paid, £5 12s 6d. Goldsborough Mortgage, 50s 6d New Zealand Guarantee Corporation, 9s Id, 9s, 9s Id, 8s lOd, 9s Id, 9s. Shipping.—P.' and O. Deferred, £280, £288, £290, £291; Howard Smith, 29s lid, 30s; Devonport Ferries, 25s 6d, 25s 9d. . Coal.—Westport, 35s 6d,-3559d; Westport Stockton preference, 3s, 3s Id.' : Breweries.—Staples, 395. ;6d, 40s; Ward's, 40s; Manning's, 19s. . Gas.—Auckland, 23s 4d, 23« 6d, 23s 7d; Christchurch, 245; Wellington, 2te lid. Meat.—Meat Export, 11s; Gear, 35s 9d; New Zealand Refrigerating (10s), fls 7d; . Southland, 31s 6d. . Miscellaneous.—Kauri Timber, 24s 6d; Colonial Sugar, £53; Victoria „ Nyanza Sugar,. 53s 9d, 52s 3d; N.Z. Drug, 63« 6d; Wilson's. Cement (cum div.), 35s 6d; - Milburn Lime, 275; Henry Jones, 53a, 53s 6d;' British Tobacco, 53s 6d, 53s 4d, 53s sd; Kaiapoi Woollen (17s), Bs, 9s 3d, 10s Id, and (7s) 3s Bd. Metals.—Electrolytic Zinc, preference, 32s Bd, 32s 9d, 32s 6d, 32s 4d,- 32s 7d; Waihi, 17s Id, 18s; Grand Junction, 9Hd, lid, la Id, lid, Is, Is Id; Kawarau, 2s 6d, 2s S"d, 2s 9d. ■ . ■■„■■ ■■„■ .