THE SNARE MARKET

Evening Star, Issue 19381, 15 October 1926, Page 4

THE SNARE MARKET

DUNEDIN STOCK EXCHANGE. No sale's were recorded this morning. E.S. and A. Banks .were wanted at £8 6s, but wore not offered by any seller. There was a 3s margin in National Bank of Australasias (cont.), and this proved too wide for business. P, and 0. Deferred Stock sellers asked £254, and buyers offered £242 D.1.0.s (ord.) and Dunedin Stock Exchange Proprietarys remain the same. An offer was made for New Zealand River Plates at 225, but there was no reply. Eclipse Petrols (paid) still have sellers at 13s, and no buyers. All ihe Drug Co.’s issues were quoted by sellers. No buyers came forward in an\ of these stocks. Kawarau buyers have dropped Id, and sellers remain unchanged. British Tobaccos stand with a Is margin. Both issues of St. Bathans were asked for, but the only reply was received in tho A’s. An advancement was made in Nokomai Sluicings (cont.), which were in demand at 3s premium. Quotations as under:— BANKING. Bank of New South Wales—Buy £45 2/6. Bank of New Zealand—Buy 60/6, sel 61/6. B|nk of New Zealand (rights)—Sel 6/7. Commercial Bank—Sel 32/9. National Bank of New Zealand—' Buy £7, sel £7 1/. National Bank of Australasia—Buy £lB 2/6. National Bank of Australasia (cont.) —Buy £9 11, sol £9 4/. Union Bank of Australia—Buy £ls 2 1, sel £1.5 4/. E.S. and A. Bank—Buy £8 6/. INSURANCE. , National Insurance Co.—Scl 8.1/. . Now Zealand Insurance Co.—Buy 39/, sel 39/6. Standard Insurance Co.—Buy 59/, Sel 60/6. SHIPPING. Tluddart, Parker (pref.)—Buy 20/3. P. and 0. Deferred Stock Buy £242, sel £254. U.S.S. Co. (prof.)—Buy 20/3, COAL. N.Z. Coal and Oil—Sel 1/6. Taupiri Coal (ord.) —Sel 23/. Westport Coal Co.—Buy 3G/G. Westporfc-Stockton (ofd.) —Sel 2/3, LOAN AND AGENCY. Dalgety and Co.—Scl £l6 5/. Goldsbrough, Mort—Bu,v_ 50/. National Mortgage—Sel 73/. Perpetual Trustees—Buy 58/. Trustees, Executors—So! 61/. Wright, Stephenson (ord.)—Scl 25/. Wright, Stephenson (pref.)—Sel 17/6. N.Z. River Plate—Buy 22/, MEAT PRESERVING. N.Z. Refrigerating (paid)—Buy 14/6, sel 15/6. . N.Z. Refrigerating (cont.) —Buy 6/, scl 6/4. MISCELLANEOUS. Brown, Ewing (pref.)—Buy 20/3. Bruce Woollen Co. —Buy 19/, sel 20/GD.I.C. (ord.)—Buy 8/3 prom. D.LO. (prof.)—Buy 21/. Dominion Rubber—Buy 50/3, sel 51/6. Donaghy’s Rope and Twine—Buy 33/. Dunedin-Kaikorai Trams—Buy 34/, Dunlop Rubber—Buy 30/. Dunedin Stock Exchange Proprietary—Buy 76/. Kaiapoi Woollen (ord.) —Buy 10/9. Kaiapoi Woollen (pref.)—Buy 13/6, Eclipse Petrol (paid)—Sel 13/. Milburn Lime and Cement—Buy 30/9, sel 31/3. Mosgiel Woollen Co.—Buy £6. N.Z. Drug Co.—Sel 72/. N.Z. Drug Co. (cont.) Sel 21/ prem. N.Z. Drug Co. (new) —Sel 71/. N.Z. Express (ord.) —Buy 22/6, N.Z. Express (pref.)—Buy 17/3. N.Z. Hardware (ord.) —Buy 7/, sel 9/. N.Z. Malay Rubber (pref.)—Buy 45/. ‘Otago Daily Times’—Buy 84/. Whitcombe and Tombs—Sol 71/. Wilson’s (N.Z.) Cement—Sel 84/. British Tobacco—Buy 51/, sel 53/. N.Z. Guarantee Corp.—Buy 10/6, sel 11/. BREWERIES. N.Z. Breweries, Ltd.—Sel 54/. Staple’s Brewery—Buy 37/3, sel 33/3. MINING. Waihi—Buy 18/9, sel 19/6. Electrolytic Zinc (pref.)—Sel 39/. Electrolytic Zinc (def. ord.) —Buy 36/, sel 37/6. Mount Lyell—Buy 27/6, scl 28/6. Kawarau—Buy 2/5, sel 2/7. St. Bathans (A issue) ■ — Buy 3/ prem., sel 5/ prem. St. Bathans (B issue) * — Buy 2/9 prem. Molyneux Electric—Sel 18/. Nokomai Sluicing (cont.) —Buy 3 j prem WAR BONDS. (Bonds quoted are £IOO Bonds.) 1930 44 per cent. Bonds—Buy £97. 1938 4i- per cent. Bonds—Sel £96 12/6. 1933 5% per cent. S.S. Bonds—Buy £IOO 2/6. 1938 44 per cent. Inscribed Buy £96 6/, sel £96 10/. 1939 44 per cont. Inscribed Sel £96 10/. 1933 5i per cent. S.S. Inscribed— Buy £IOO. 1936 54 per cent. Inscribed Buy £IOO.

DEVELOPMENT OF CEMEHT INDUSTRY! INVESTORS’ PROFITABLE OPPORTUNITY. In the prospectus issued by the British Standard Portland Cement, Limited, investors will find abundant reasons why shares in the new enterprise should prove a very profitable investment. The company has been formed to work tho practically unlimited supplies of first-grade cement rock existing in its property at Whangarei Heads. The most careful analysis by recognised experts in the cement industry have shown that not only is all the raw material practically ideal for the purpose, but that the factors governing manufacture and transport, on profitable lines, are without parallel elsewhere in the dominion.

This opinion is well hacked up by the promoters, for out of the 213,000 £1 shares now offered to the public they are contributing for no less than 80.000 for cash, ana are guaranteeing 4 per cent, interest on public subscriptions while the warns are being built, with 6 per cent, -apitai paid up in advance of calls. Prospective investors should carefully examine the pfospec-* tus and then take advantage _ of the opportunity to participate in the 133.000 shares remaining. It can he obtained from the local brokers, Fenwick Bros., Dunedin, or from any member of the Stock Exchange, from the National Bank of New Zealand, Ltd., or from the interim secretary, Mr P. E. Pattrick, ■ F.P.A., N.Z., Druids’ Chambers, P.0.,80x 542,Wellington.—[Advt.]