STOCKS AND SHARES

Evening Post, Volume CVI, Issue 55, 14 September 1928, Page 12

STOCKS AND SHARES

A MODERATE TUENOVEE SALES OF THE WEEK ... . "Evening Post," 14th September. ■ Business on the Stock Exchanges during • the week has been on a moderate scale. But little interest was shown in Government loans. Local body debentures attracted a little moro attention than last week, and dealings in bank shares, which have generally appreciated on the week, have been fewer. Sales of Government loans during the week were 4',_ per cent, stock (1938) £98 15s; 5% per cent stock (1941), £99 12s 6d; 5 1/. per cent stock (1933), £101 ss, £101 15s? Local body loans sold were as fol- . low: 6 per cent. Auckland Harbour (1911), . £104 ss; 5 1/. per cent. North Canterbury Hospital Board (1931), £99 10s; SV. per cent. Wellington Hospital Board (1910) £99 10s; 5 1/- per cent. Christchurch Drainage (1973), £99 10s. There were inquiries from buyers for SV. Wellington Hospi- ; tals nt £98 10s and £99. Offe^ were made ■ for Auckland Harbour Board as follow: — 4 per cent. £89, SVi per cent. £95, 5% per cent. £100, and 6 per cent. £101. For 5,4 and si. per cent. Auckland City Loans buyers were prepared to pay £96 and £100; 5% per cent. North Canterbury Hospital Boards were wanted at £99 10s, but holders stood out for a clear £100. There were sellers in the Wellington market of 5 per cent. Buller County Loan (1940) at £93 15s, but no buyers. In the company debentures section the only sales, so far as can bo ascertained, were 10 per cent. New Zealand Breweries at 24s to 24s Id. Buyers' values of 5 per cent. Auckland Gas were £93, with no sellers. Glasos were in demand at £90, no sellers. BANKS AND INSURANCE. The business done in bank shares during the week was as under: —Bank of New Zealand, 61s 3d; National of New Zealand, £7 Is 6d, £7 Is, £7 Is Cd; Australasia, £14 19s; New South Wales, £50 10s, £50 12s 6d, £50 15s; Union, £15 7s; £15 Bs, £15 8s 6d; Commercial, 30s Bd, and (pref.) £7 6s; National of Australasia ■ (£5), £9 9s' 9d, £9 10s, £9 10s 6d, £9 10s Dd, £9 lis 6d; Australian Bank of Commerce, 33s lOd; E.S. and A., £8 12s. There were buyers of the Long lerm Mortgage D shares of the Bank of Isew Zealand at 27s 9d, no sellers. The insurance market is firm, sales recorded being as follow: New Zealand, 41s; ' South British, 03s 6d, 03s 3d; National, " 16s sd, 16s 6d. There wore unsatisfied inquiries for Queensland at 61s 9d, no sellers; and United wero m demand at £11 7s Cd, also no sellers. Buyers ot Standards offered 63s without attracting quotations from holders. Sellers ot A.P.A.s quoted 9s. Stock and station and financial companies' shares were in moderate request, but special attention was paid to Golct.-,-brough Morts which sold on a rising market. Sales effected were as fpHo^:---Dalgety, £15 2s 6d, £15 3s; Goldsbrough Mort, 51s 3d, 51s sd, 51s 4d, 515:«,.d« 3d, 51s--d; National Mortgage, 83s; Zealand Guarantee Corporation (Ss), Ss 'lid;. Finance, Ltd., 5s 3d; New Zealand. and River;! Plate Laud, 31s 3d. There were unsatisfied inquiries for New Zealand Guarantee Corporation at 21s. Buyers ot New Zealand Investment, Deposit, ana Mortgage offered 9s Cd with no sellers. Loan and Mercantile ordinaries had buyers at £112 10s, but sellers' quotations were £118. For Newton King preference 6s 9d was offered, but sellers held for Bs. SHIPS, COAL, GAS. Business done in shipping companies' . .shares, .was, as follows:-Huddart, Parkei ordinary, 4fls 3d, and preference, 21s 3d, Northern Steamship ordinary, 14s od, •■Howard, Smith, 2Cs 9d. The preference shares of the Union Steam Ship Company. were in demand at 20s 5d P. and O. deferred were quoted at £247 sellers, buyers' prices being £235 to £238. Coal mining investments were far trom active. Sales recorded were: Westports, 30s 3d; Hikurangi, 5s lOd, and A preference, 9s; Renowns, lis 6d Sellers of Waipsis will accept 14s. Pukemiros were wanted at 69s 6d, no sellers. : .:. Gas-shares/were very slow, the sales b-in'g: Auckland paid 23s 10d, contributin* 17s'2d; and Christchurch, 25s 2d. Buyers of Gisbprnes offer 9s 3d, with severs silent. For Wellington preference offers of 17s were ignored by holders. Ashburj ton Gas were wanted at £5, but sellers quotations were £5 12s Cd. Timarus had buyers at 225, no'- sellers. Meat companies appear to be irmly •Tield. Sales of Gears were made at 40s 9d and 41s, and of 10s shares in the New Zealand Refrigerating Company at 9s 3d, with £1 .bares changing hands at 19s 3d. l'qr Wellington Meat Export ordinaries lis is offered without attracting sellers _ attention; for the preference shares m this company holders were prepared to take 22s 6d, but buyers did not respond. _ Canterbury Meat ordinary shares were in reouest at £9 Is, but holders' ideas of value, were £9 ss. For the preference shares in this company £5 0s 6d was offered, ■ellers quoting £5 4s. INDUSTRIES AND OTHERS. Timber shares were a drug in the marfeet, but a sale of Nationals at 9s 9d was put on record. Woollen Company investments were in the picture with a fair turnover of Kaiapois, the 17s paid realising, cum. dividend, 13s 6d and 13s 3d, and ex. dividend 12s 9d; and for the'7s paid transfers wero effected at 4s Id to 4s 3d. The demand for Wellingtons is £6 10s for ordinaries and £6 lis Od for preference, with sellers undisclosed. Mosgiels were wanted at £7 ss, no sellers. Breweries attracted a little more attention than last week with an upward movement for New Zealand Breweries, sales being made at 50s 3d, 50s, 51s, 51s 6d, 52s 6d, 52s 9d. Sales of Staples were recorded at 39s 7d, 39s Od, 39s sd, 395; and of White Stars at 13s. C. L. Innes were jvanted at 18s 6d. Miscellaneous shares showed a little more activity than usual, and the following sales tvere recorded:—Auckland Amusements, life; British Tobacco, 43s lOd, 445, 43s lOd, 445, 43s 10d, 43s 9d, 43s lOd. Burns, Rrilp, 45s 6d; Colonial Sugar, £63; Electrolytic Zinc preference, 33s 3d; Milburn Lime (cum. dividend), 34s 3d. Morris, Hedstrom, 21s; New Zealand Express ordinary, 17s 6d; Sanford Ltd. preference, 20s 3d; Sharland, 20s; Sugar of Milk, 255; JVilson's Cement, 395, 39s l%d. _ Shares ]& request yesterday were Dominion Investments, 22s Od; D.I.C/ preference, 21s -d; New Zealand Drug, 71s 6d; Farmers' Fertilisers, 84s; Henry Jones, 3Ss 6d to 40s; Donaghy Rope, 33s 3d. Picture Theatre sales were: H.M. Arcade preference, 225; National Pictures, 12s 6d; Hayward's, 20s; Quecu's Theatre, 22s 9d. Mining Bales were: Waihi, 12s Id; Mount Jjyell, 34s 6d; Mahakipawa, Is 2d, Is lid, B, lid, Is Id, Is 2d, lid, Is, lid, lOd, Ib, 9d, lOd. Taranaki Oil, Bs. OCTOBER DIVIDENDS. Interest and dividends usually receivable Jfi Wellington during October are as follow:—4% per cent. New Zealand Govemrent Stock.and Bonds of 1939 maturity; jper cent. Post Office Stock of 1929. Bank 0. Australasia old shares; Abraham and Williams, preference; British Tobacco, preference; 7 p.c. Broken Hill Proprietary B debentures; Colonial Gas Association ordinary; Farmers' Co-operative Auctioneering A preference; Gisborne Gas; Harrington Ltd. ordinary; Howard, Smith $ p.c., cum. preference; Kirkcaldie and Stains; Milne and Choyce; Morris, Hedstrom preference; New Zealand Breweries' debentures; Express ordinary; New Zetland Guarantee Corporation; New Zealand Drug; New Zealand Shipping ordinary; South British Insurance; Taupiri Coal preference; Tui Brewery; Whitcombe and Tombs; Wright, "Stephenson ordinary.