THE SHARE MARKET

Evening Star, Issue 19722, 24 November 1927, Page 1

THE SHARE MARKET

DUNEDIN STOCK EXCHANGE. Generally speaking, there were iar more buyers than sellers on the market this morning. The only sellers in the banking section were of Commercials at 29s 6d and P. and O. Banking Corporations £lO 9s, the buying quotes being 28s lod and £lO 6s respectively. New Zealand shareholders in the latter company have received advice from Lord Inchcape, the chairman of tho corporation, that an offer has been made by the Chartered Bank of India, Australia, and China for a block of P. and O. Bank shares at £lO 16s per share. For National Insurances, 6s paid, there was a buyer at 15s 3d, with no sellers. Westport Coals were in demand at 29s 6d, wi.th.no sellers under 555. For D.I.C. (profs.) buyers were prepared to give 20s 9d, but sellers were not in evidence. Buyers of Mosgiel Woollens advanced their price to £6 3s 6d without attracting sellers. A sale was reported in Dominion Rubbers at the advanced price of 41s, the market closing with a further buyer at 58s, and sellers still asking 41s. Brewery shares wore weaker, buyers offering 37s 6d, with no sellers prepared to quit under 425. Mount Lyells bad a reported sale at 28s 3d, the market closing with sellers at 28s 6d and buyers at 28s 2d. Upper Neviscs advanced still further, buyers offering 245, with sellers at 255. There was the usual consistent demand for Government Loans, with no disclosed seller in any of the issues. Sales reported:—Mount Lyoll, 28s 3d; Dominion Rubber, 41s. Quotations as under:— BANKING. Bank of New South Wales —Buy £44 15/. Bank ol New Zealand —Buy 59/6. Bank of Now Zealand (D paid)—Buy 26/. . Commercial Bank—Buy 28/10, scl 29/6. National Bank of New Zealand—Buy £6 17/. P. and O. Banking Corporation—Buy £lO 6 j, sel £lO 19/ _ . Union Bank of Australia —Buy £l4 3/6. Union Bank of Australia (new)— Buy 50 1 prom. INSURANCE. National Insurance Co.— Buy ]5/5. New Zealand Insurance Co.—Buy 39/5. South Brilish Insurance Co.—Buy 56/5. Standard Insurance Co. —Buy 60/6. SHIPPING. Adelaide Steamship Co.—Buy 25/. Howard Smith—Huy 29/0. Huddnrt, Parker (urd.) —Buy 48/. Tluddart, Parker (prof.)—Buy 20/8. U.S.S. Co. (pref.)—Buy 20/1. GOAL. Pukomiro—Buy 58/. Westport Coal Co.—Buy 29/0, sel 35/. LOAN AND AGENCY. Dalgety and Co.—Scl £ls 10/. National Mortgage—Buy 71/, scl 75/. New Zealand Loan and Mercantile (ord.) —Buy £93. Trustees, Executors—Scl 60/. MEAT PRESERVING. New Zealand Refrigerating (paid)— Buy 16/7. New Zealand Refrigerating (cont.) — —Buy 8/1, scl 8/5. MISCELLANEOUS. Auckland ‘ .Amusement Park, Ltd. (ord.)— Buy 16/, sel 16/9. British Tobacco—Buy 55/. Brown, Ewing (ord.)—Buy 50/6. Brown. Ewing (prof.)—Buy 20/6. Bruco Woollen Co. —Buy 10/. Colonial Sugar Co.—Buy £55. D.I.C. (ord.)—Buy 9/ prem. D.I.C. (prof.)—Buy 20/9. Dominion Rubber—Buy 53/, scl 41/. Dunedin Stock Exchange Proprietary —Sel 84/. Eclipse Petrol (paid)—Scl 10/6. Kaiapoi AVoollcn (ord.) —Buy 8/5. Kaiapoi AA’oollcn (pref.)—Buy 15/. Milburn Lime and Cement—Buy 32/5, scl, 53/. Milburn Lime and Cement (cunt.)— Buy 8 1 prem. M.osgiel AA’oollcn Co.—Buy £6 3/6. M'Lcod Bros.’ Soap—Buy £2B. National Electric—Buy 15/5, scl 14/6. N.Z. Drug Co.—Buy 61/9. N.Z. Malav Rubber (ord.) —Buy 35/6. N.Z. Malav Bobber (prof.)—Buy 51/6.' N.Z. Paper Milk—Buv 16/5. Taranaki Oil—Buy 11/5. AVil,son’s (N.Z.) Cement—Buy 36/6, scl 57/6. N.Z. Milk Products (bonds) —Buy 22/. BREWERIES. Crown Brewery—Buy .12/6. N.Z. Breweries, Ltd.—Buy 57/6, sel 42/. MINING. Kawarau—Sel !/• Nokomai Sluicing (rout.)—Scl 57/6. AVaihi—Buy 21/. sel 21/8. AVaihi Grand Junction—Sel 1/6. Electrolytic Zinc (prof.)—Buy 3.1/9, scl 52/6. Electrolytic Zinc (dcf. ord.)—Buy 30/. Mount Lyoll—Buy 28/2, scl 2S/G. iUolyneux Electric—Sel 10/. Upper Nevis—Buy 24/, scl 25/. WAR BONDS. (Bonds quoted are £lt)0 Bonds.) 1950 4i per cent. Bonds—Buy £S7 12/6. 1953 4J per cent. Bonds—Buy £96 7/6. 1959 4]- per cent. Bonds—Buy £96 7/6. 1935 5) per cent. S.S. Bonds—Buy £lOl. 1953 4J per cent. Inscribed —Buy £96 7/6. 1959 41 per cent. Inscribed—Buy £96 7/6. ‘ 1933 5) per cent. S.S. Inscribed—Buy £lOl. 1927-41 'sl per cent. Inscribed—Buy £9B 5/. 1936 51 per cent. Bonds—Buy £lOl 2/0. 1950 5i per cent. Bonds—Buy £9B.