STOCKS AND SHARES

Evening Post, Volume CV, Issue 122, 25 May 1928, Page 12

STOCKS AND SHARES

VOLUME OF BUSINESS ACTIVITY' IN BANK SHARES '•Evening Post," 26th May. Anticipations of slightly easier rates for money before next export se # asou begins laa.-/ or may not be justified, but they exist, and with them continued attention is being paid by investors in gilt-edged securities, especially of bank siy.res. Public interest in the latter shares may be accounted by a sense of good to come by way of increases in capital of some institutions. Government stocks, too, ot late have come in foi< a tair umount ot favour, especially: the 4^ per cents, tree of income tax as regards income derived from payments of interest. The business done in Government loan stocks and bonds during the week have been as follows:— Government Loans: 4% per cent, stock (1935), £97 17s Gd, £97 155;,4% per cent, bonds (1038), £97 17s 6d; 5V* per cent, .stock (1032), £98 10s; 5% per cent stock (1027-41), £99; 5% per cent, stock (1941 , £97 17s ;Cd; 5Ms per centA stock (UMUJ, Fur the IV- per cent, .slock and bonds (IffiO) there are buyers At.-£O7 17s lid, but holders are not quoting.-".-'"' „-'. Business in local bony- debentures was very "slack, bciiijr' conlined, so far as is •made public-, to an.Auckland City loan, ;V,i per rent. (1040) at £00. Unycns howover, offered during the week £97 L>s fur 5Vi per cent. Christchurch .1 rams (1944), and offered £9S, without attractmgbusiness, for S'/j per cent. Auckland City '(1950). The 5% per cent. 1931 and 0 f,cr cent.. (1041) issues ,ot the Auckland llarbdur Board were wanted at ±9o and £103 ■respectively, with no se lers quoting. Wanganui City was quoted with buyers at £97, sellers asking £99. For.sV4 per cent. Wellington City (1933) £99 M was, off ered but there were no sellers Holdcis ot b per cent. Waitomo Councils quoted £101 10s. but buyers made no response. The market for company debentures vat. quiet, the sales being asfollow :-6% P« cent Auckland -,Ga'»" (133 a), £103, £102 10 ; Gisbbrne Gas, £100 10s; 10 per_cen . New-Zealand Breweries (bonds), 23s Gd, 23s sd, 23s Od, 23s isd; There were offei*. of £90 for Glaxos, but no sellers at that iigurc. TURNOVER IN BANKS. Business done in bank, shares was again brisk, the recorde dsalcs being as iol-]ow:-Bauk of New Zealand, (iOs od, 60s 3d, 00s 4d," 605,. 60s 3d, 60s 4d bO* 3d. COs 3d, and D shares' 15s), 21s 3d; 13 shares (£1). 275; National ot iscw Zealand, £7 2s-6d, £7 3«, £7 2s, £7 3s, £7 3s 3d; New South Wales (cum. div.), £48 7s bd £48 10s; E.S. and A. Bank, £8 Ss, ±8 8s 9d: Australasia, £14 18s, £14 10s, £14----9s; Union Bank, £14'17s 6d;, National 0 Australasia (cum. div., £5), £9 3s, £9 2s Od, and (£10), £13 8s; Commercial of Svdncy, £26 18s Gd. £2/; Bank ot Adelaide,' £9 12s, £9 Us 6d; Australian Bank of Commerce, 35s Id, 315k; Commercial of Australia, 28s 10d,' 28s Ucl. 295, 29s 3d, 29s 2d, 29s 4d, 20s od, 29s 4d, 29s On the authority "of the Wellington Stock Exchange, 'the highest and lowest prices realised for bank shares in this market.for the month ended luth May we'-e as follow:— ...■_.,' _ , Highest. Lowest. .£ .s. d.. £ s.d. Bank N.Z. (ord.) '3 0 0 3 0 0 Bank N.Z. D Shares (£1) ■ 1 7 0 " 1 G 9 Union * ' U W 3. 14 10 0 New South. Wales* „ 48 2 fi 47 17 0 Australasia ....." 14 fi G 14 3'o Australasia (rights) . 3 2 0 2IS 0 National N.Z 7 3 0 7 1 0 Comm.^nstralia -..;',;; Jlrt'B ;:;.0;, .;• V, 8 G Comm.; of "Sydney 20 17 0 26 12 6 E.S. & A* 8 0 3 8 S 0 E.S. & A|- S G fi 8 0 0 National, Aust. (£10) 18, 0 0 18 0 0 National"Aust.' (£5)" '9 3 0 9 2 6 Adelaide \ 915 0 9 6 0 Aust. Bank Commerce 114 1 113 10 ' *Cum div. |Ex div. . Financial., and stock aiid station company shares hatj. _a. Jnodcrate turnover. There ..were buyers of N.Z. Loan and Jlercantiles ordinary cum div. at £103, holders not quotingt,,fpr, the preference shares of this companySoOs was offered without response.; ■Abraliam" aud Williams preference were. wanted : .at,/iC4 with sellers not quoting. Buyers; of Trust and Loans named £6 17s Gd-without attracting business. Wellington Deposit- and 'Mortgage were wanted at 9s, but sellers quoted lQs; and foi> Investment :!'.■& A. shares 10s 8d was offered, but holders quoted Us. Business passing during...live, week were sales of Dalgety, £14 4s flu: Gpldsbrough Jlort., 51s, 51s,'Id,.51s,"fils iSd/i/ils 4d; Wellington Trust 31oan,i £G ..1.7s Cd; National Mortgage. 7,'Js 3d;; N.Z. Guarantee Corporation (8s), JSs 6fl"i 8s 7d.> Business was done in, the shares of all four New Zealand offices.as follows:—lnsurance: New Zealand, 41s Od, *2s; South British, 6ls; National, 15s Gd; Standard, fi3s 3d^ For Queenslands'there were offers of 61s (a lower quotation than last week), but holders did not.indicate their ideas of 'the market. GAS ANp..GENERAL. Tlierc was not miiefi.aetivily in the gas share market, but- the' following business was transacted:—Wellington, 28s; Auckland, 23s 7d; Christchnrch (10s), 11s 5d and (£1.)" 245.;.C0al was quiet. Sales: Westport, 30s 3d, 30s IM, 30^ 3d; Pukemiro, 655.3d; Westport-Stockton, 3s and (pref.) 4s;' Hikurangi, 4s Gd and A pref. 7s 6d. _ ... : ::" : ' Shipping,tails for-no particular remark. Sellers of P. and O. deferred quoted £247. Huddart-L >a.rk«r ordinaries were wanted at 46s Gd, sejllei's',fl7s. -Howard Smith's sold at from 27s :9d to 28s 3d. ' In the meat market there were sales of New Zealand Refrigerating (10s), 8s 4d, Bs 3d, 8s 4d, Ss sd,' and of Wellington Meat Export a,t 11s.I'Gears were, wanted at 38a 3d, sellers quoting 3Ps 6d. Canterburies were in demand at £9, holders standing out from IC9 5?. ■ • ■ '" Indystriajs..-werc rather quiet. Wellington Woollen: (ord..) so?d at £6 4s 7d. In timber share's there was a sale of Parker, Lambs at'l7s'Off. Interest in brewery shares was focrissed on Tooths, at which sales were made at 42s 3d to 435. Staples brought 30s ■ 6tl. N.Z. Breweries sold at 425) 6d. British Tobacco sales were 43s 9d, 43s Gd, 43s 9d, 43s Od, 43s Od. Beath and Co. realised.33s. I'or Farmers' Fertiliser 94s and 92s was paid. Sales of Holdens Motors at 30s 3d were recorded. Other sales were: Mason-Struthers (10s), 9s Od and (14s)' 13s 7d; Morris Iledstrom, 21s; New Zealand' Drug, G9s 9d, 69s 3d, 69s 9d; N.Z. Paper Mills, las, 15s 3d; Sanford, 20s; Smith and Smith (pref.), 17s Gd; -Wilson's Cement (cum div), 395. In the mining division there Mere sales as follow:—Electrolytic Zinc .(pref.), 32s 9d, 32s Bd, and (ord.) 31s; Wailii, Us fid; Grand Junction, Is 3d; MahalHpiwa, Is 7d, • Is Gd; Mount Lyell, 32s 9d, 335, 33s 3d; Ohinemuri, 7s. Taranaki Oil Fields shares had brisk inquiry and sales at 10s 7d, 9s Wd, 9s, 9s Id, 9s 2d, 95.. DIVIDENDS. During the month of June dividends' usually receivable in Wellington are as follow: —Bank of New Zealand, Australian Bank of Commerce, P. and O. Banking Corporation, Queensland National Bank, - Goldsbrough Mort. and Co., N.Z. Loan and Mercantile, Wellington Gas Co., Gear Meat, Canterbury Frozen Meat, British Tobacco, N.Z. Express (preference), Devonport Ferries, Farmers' Fertiliser, Kauri Timber, Henry Jones Co-operative, Australian Glass, Sanford, Ltd., Scoullar's, Wilson's Cement, '. Mount Lyell.