STOCKS AND SHARES

Greymouth Evening Star, 26 February 1927, Page 8

STOCKS AND SHARES

(Notes by “Insider”).

Business on the stock exchange during the week has been confined principally to bank shares. The Bank of New Zealand shares have been sold locally at 60/-, being an advance of 6d on the previous week sales. As* an investment these shares are good, not that the immediate return is high, but the future prospects are excellent During the last eight years the profits have nearly trebled. Investors in these shares have doubled their capital during the same period. Bank of New South Wales shares are steady at £49/5/-; Union Banks are saleable at £l5/6/-. Staples Brewery balance sheet is to hand. The profit for 1926 was £40,146/6/8. A dividend of ten per cent for the year was paid and £5,000 added to the reserve. Crown Brewery Company made a further distribution of 5/- per share a few weeks ago, which makes a total cash distribution to date of £2/19/-. British tobaccos are worth £2/13/- ex dividend which shows a rise of 2/- per share during the present year.’ AUCKLAND, Feb 26 Sales: British tobacco 53/-: New Zealand breweries 51/-; Taupiri coal 22/1. ■ ■ DUNEDIN, Feb. 26. Sale 1 reported. Bank Australasia £l4/10/-. ,