THE SHARE MARKET

Evening Star, Issue 19776, 28 January 1928, Page 11

THE SHARE MARKET

DUNEDIN STOCK EXCHANGE. A fair amount of business. has passed through the Stock Exchange during the past week, with several stocks showing a firming tendency Bank of New South Wales sold as high as £4B. Tho last reported buyers were at £47 15s, with no sellers. Bank of New Zealands remained the same as a week ago, with reported business at 59s 3d. For the long term shares buyers were offering 265, with no sellers. National Bank of Australasias improved during the week. The sales of fully-paid shares went as high as £l7 6s 6d. Union Banks are now ex dividend. Sales have taken place at £l4 6s, buyers offering £l4 6s 6d. A week ago buyers offered £6 16s 3d for National Bank of New Zealands. This morning £6 17s was offered, with no sellers. Insurance shares were practically on a par with last week. New Zealand Insurances sold at 41s and South British at 57s 3d. Huddart, Parker ordinary shares were very firm, buyers offering 49s 6d, with sellers at 50s 6d. There have been persistent inquiries for Huddart, Parker preference shares at 20s 10s, with no selling quotations. P. and O. Deferred Stock rights had sales during the week at £25 premium. Yesterday buyers offered £27 premium, with no sellers. Westport Coals had sales at 31s 9d, and buyers are still prepared to operate at that price. Thera was a seller at 325. Buyers offered £l3 9s for Dalgety and Co.’s a week ago, and sales took place at £ls 16s. The quotations this morning were;—Buyers £l3 14s, sellers £l3 19s. Goldsbrough, Morts improved during the week. Last week buyers were offering 46s 9d. This morning 47s 6d was offered, with a eeler at 48s 3d. National Mortgage buyers advanced to 735, with no seller under 755. A sale of Wright, Stephenson preference shares took place during the week at 15s 6d. The quotations to-day were:—Buyers 15s, sellers 16s. New Zealand Eefrigeralings had sales at 18s during the week. This morning buyers offered 17s lOd, with no sellers. There was a close market in the contributing issue at: Buyers 8s 7d, sellers 8s 9d. A seller of Brown, Ewing ordinary shares at 32s found no response from buyers. Buyers offered 20s 9d for D.I.C. preference shares, with no .sellers under 21s 6d. There has been a seller of Dominion Rubbers at 47s all week, with no buyers quoting. Kaiapoi Woollen preference shares had a close market, buyers offering 13s 6d, _ sellers 14s. A week ago Staples’s Breweries stood at:—Buyers .38s, sellers 40s. Sales took place as high as 41s 6d. Buyers offered 41s lOd yesterday, with no selling quotations. Upper Nevis sellers quoted in the, vicinity of 25s and 25s 6d during tho week, with very few buyers in the market. Investors appear to be displaying a waiting policy until the next wash-up is announced. This will take place in a week's time. Buyers offered £97 for 1938 and 1939 4A per cent. Bonds, as against £96 15s for last week. Buyers also offered £97 for 1938 and 1939 Inscribed, as against £96 15s for last week. Business has been reported in 5£ per cent. 1935 Bonds at £lOl ss. Sellers were prepared to quit this morning at £lOl 10s, with no buying quotations. There were sellers of 5 2 L 1933 Inscribed at £lOl 7s 6d, with no buyers.

“ PUT NOT YOUR TRUST’ IN MORTALS.” An old saying, and one well worth considering when making your will and naming your trustee. The appointment of a private trustee is always fraught with a certain amount of risk. He is but human—perhaps sickness or death will overtake him, or he may desire to travel. All these eventualities may prevent him from properly carrying out his duties as executor of your estate. . On the other hand, by naming the Trustees, Executors as your trustee you can depend on obtaining permanent, uninterrupted supervision, and the utmost value from your estate. The company cannot die or go away, and you can rest assured that your estate will be safeguarded in every respect.' The Trustees, Executors, and Agency Co. of N.Z., Ltd., corner Bond and Water streets, Dunedin.—[Advt.]

Quotations wore as under: Buyers Seller*. £ s. d. £ S. d. BANKING— Bank of N.S.W. 47 15 0 Bank of N.Z 2 19 3 Bank of N.Z. (Long D.) 1 6 0 Commercial Bank 1 8 9 1 9 5 E.S. and A. Bank ... 7 12 0 Natl. Bank of N.Z ... 6 17 0 Natl. Bank of Ansi. ... 17 6 6 Natl. Bank of Aust. (coat.) 8 12 0 Union Bank of Aust., Ltd 14 6 0 INSURANCE— Natl. Insurance Co. ... 0 15 0 0 15 6 N.Z. Insurance Co ... 2 1 6 SHIPPING— Adelaide Steam. Co. 1 5 0 Burns, Philp 1 19 0 Huddart, Parker (ord.) 2 9 6 2 10 6 Huddart, Parker (pref.) 1 0 10 P. and 0. Def. Stock 230 0 0 248 0 0 COAL— Westport Coal Co. ... 1 11 9 1 12 0 Westport-Stock, (pref.) 0 4 0 LOAN AND AGENCY— Dalgety and Co. 13 14 0 15 19 0 Goldsbrongb, Mort ... 2 7 6 2 8 3 National Mortgage ... 3 13 0 3 15 0 N.Z. Loan and Mer. M-) 92 10 0 Perpetual Trustees ... 3 1 0 Wright, Step. (ord.)... 1 0 0 1 2 0 Wright, Steph. (pref.) 0 15 9 0 16 u MEAT PRESERVING— Canterbury Meat Co. (ord.) 8 5 0 N.Z. Refrigerating (paid) 17 10 0 N.Z. Refrigerating (coni.) 0 8 7 0 8 9 Southland Frozen Meat (ord.) 1 11 0 MISCELLANEOUS— British Tobacco 1 19 6 Brown, Ewing (ord.) ... 1 12 0 Bruce Wool Co. (ord.) 0 11 0 D.I.C. (ord.), prem.... 0 9 5 D.I.C. (prof.) 1 0 9 1 1 6 Dominion Invest. 1 2 0 Dominion Rubber 2 7 0 Donagby's Rope and Twine 1 15 9 Dun.-Kaikorai Trams .. , 1 12 6 1 14 0 Kaiapoi "Wool, (pref.) 0 13 6 0 14 c Mil. Lime and Cement (ord.) 1 12 0 Mil. Limo and Cement (cont.), prem 0 S 3 National Electric 0 11 9 N.Z. Express (ord.)... 1 0 9 N.Z. Milk Products (bonds) 1 2 0 N.Z. Paper Mills • 0 17 3 ‘Otago Daily Times’ 3 11 0 W T i!son's Port. Cement 1 17 3 1 18 3 BREWERIES— N.Z. Breweries, Ltd. (shares) 2 2 6 N.Z. Breweries Debs. 1 2 6 1 3 3 MINING— Kawarau 0 0 5 0 0 7 Nokomai Sluicing 1 15 0 Waihi 0 11 0 0 11 6 Waibi Grand Junction 0 1 3 . Elect. Zinc (pref.) ... 1 12 0 1 13 0 Elect. Zinc (def. ord.) 1 11 3 1 12 0 Mount Lyell 1 9 0 Mount Isa 1 8 0 Upper Nevis 1 5 B Big Beach 0 18 0 WAR BONDS (Bonds quoted are £100 Bonds)— 1930 4-J) p.c. Bonds 97 10 0 1938 4)-p.c. Bonds 97 0 0 1939 4j p.c. Bonds 97 0 0 1939 p.c.Bonds 97 0 0 1933 51 p.c. S.3. Bonds 101 10 0 1938 41 p.c. Insc . 97 0 0 1933 51- p.c. S.S. Insc. 100 15 0 101 5 ) 1929 5 p.c. P.O. Insc. ... 98 10 0 1950 5i p.c. Bonds 98 0 0