WELLINGTON STOCK EXCHANGE.

Manawatu Standard, Volume XLVI, Issue 174, 24 June 1926, Page 5

WELLINGTON STOCK EXCHANGE.

YESTERDAY’S BUSINESS AND PRICES. At the afternoon call yesterday on the Wellington £?tock Exchange sales were reported of Bank of New Zealand shares (three parcels) at 635, and Union Bank shares at £ls 7s. There was a good' demand for Government stocks and bonds, with' buyers of the 4i per cents at £96 10s, the 5 per cents at £9B 10s and the 5$ per cents at £99 7s 6d. For the Wellington Gas Company’s debentures there was a bid of £IOO. Bank shares were very firm. Bank of Australasia shares at £l4 5s 6d were 6d higher, Commercial Bank ordinary shares at 31s 3d were 3d higher, Bank of New South Wales shares were unchanged at £45, Bank of New Zealand at 62s 6d were 6d higher, Union Bank shares at £ls 6s were Is higher, National Bank of Australasia, £lO paid, were unchanged at £l7 17s, and English, Scottish and Australian Bank shares were also unchanged at, £B. Building shares were in demand. There were buyers of Equitable Building at £9 ss, Wellington Investment at 8s 9d and Wellington Trust and Loan at £6 7s 6d. Gas shares were steady. Auckland Gas shares were wanted at 23s 9d, Christchurch Gas at 23s 9d and Wellington Gas, ordinary, at 27s 3d. Insurance shares were firm. There were bids of 78s 9d for National Insurance, 40s for New Zealand Insurance and 60s 3d for South British Insurance. N.Z. Refrigerating shares, 10s paid, were in demand at 8s 2d. Wellington Woollen shares were firm, with buyers of Wellington Woollen ordinary at £6 7s 6d and preference at £6 8s 6d. Timber shares were steady. _ Leyland O’Brien Timber shares were in demand at 425, and National Timber at 17s. There were buyers of Crown Brewery shares at 20s, Burns, Philp and Co. at 36s 3d. Colonial Sugar at £54, Electrolytic Zinc at 35s 9d and Taranaki Oil at 12s 6d.

Yesterday’s buying and selling quotations were as under: —

SALES IN OTHER CENTRES. Per Press Association. AUCKLAND, June 23. Sales: Inscribed Stock' (1938) £96 12s 6d; New Zealand Breweries 26s 6d; Bank of New Zealand 62s 9d; Auckland Gas 245; Huddart-Parker 44s 9d; Hill and Plummer 21s 6d; Colonial Sugar £55; Wilson’s Cement 34s 6d; Alburnia- 4s sd, 4s 4d, 4s 3d, 4s Id, 4s; liawarau 7s 6d; New Waiotahi (contr.) Is 8d; Oliinemuri 6s.

CHRISTCHURCH, June 23

Sales reported: New Zealand Government 4i per cent bonds (1930) £97 10s; E., S. and A Bank £8 2s (two parcels); National Bank of New Zealand (cum div.) £7; Dalgety and Co. £l6 Is; Wilson’s Cement 34s 6d (two parcels). Sales: New Zealand Breweries (bonds) 26s 4d; Bank of New South Wales £45 ss; Bank of New Zealand 63s 9d (three parcels); Western Australian Bank 57s 6’d (two parcels); Dalgety and Co. £l6; Wilson’s Cement 34s 6d; British Tobacco (cum div.) 53s sd.

SEARCH FOR MARKETS

MEAT FOR GLASGOW

LONDON, June 12. The New South Wales Minister for Agriculture (Mr Dunn), speaking at Glasgow, said he hoped that the intense interest in Australian products, arising from improved grading, would result in greater direct trade with provincial ports. Australian meat was greatly improved. The chairman' of the Navigation Trust indicated that the erection of cold storage accommodation was necessary. There was no bar to direct shipment of meat to Glasgow, which served 6,000,000 people.

Buyers. Sellers. N.Z. GOVT. BONDS- £ 8. d. £ s. d. 4£ p.c. Ins. Stk., 1939 — 96 15 0 4i p.c. ditto, 1933 96 10 0 — 5£ p.c. ditto, 1933 99 7 6 — 4£ p.c. Bonds, 1939 96 10 0 — 4i p.c. ditto, 1938 96 12 6 96 15 0 51 P.c. ditto, 1935 99 7 6 — 5 p.c. P.0. Bonds, 1927 98 10 0 — DEBENTURESWellington Gas 100 0 0 — N.Z. Breweries (bonds) — 1 6 6 Gisborne Gas, 8 p.c., _ _ 1931 — 102 0 0 BANKS— Australasia 14 5 6 Commercial of Aust. (ord.) 1 11 3 — * National Bank of Australasia (£10) 17 17 0 — New South Wales 45 0 0 — New Zealand 3' 2 6 — Union of Australia ... 15 6 0 15 8 0 English, Scottish and Australian ■, 8 U FINANCIAL— Abraham and Williams . _ (pref.) — 4 12 b Equitable Budding ... 9 5 0 — N.Z. Guarantee (Jorp. (ord., 8s) 0 9 9 — N.Z. Invest. Mortg. and Dep 0 8 9 — Well. Trust and Loan 6 7 6 • GAS— Auckland (paid) 1 3 9 — Christchurch 1 3 9 — Wellington (ord.) 1 7 6 — Wellington (pref.) .... 0 16 0 — INSURANCE— National 3 18 9 — New Zealand 2 0 0 — South British 3 0 3 — MEAT PRESERVING— N.Z. Refrigerat. (10s) 0 8 2 _ TRANSPORT— Hxiddart-Parker (ord.] — 2 '5 0 WOOLLEN— Wellington (ord.) 6 7 6 — Ditto (pref.) 6 8 6 — COAL — Westport — 1 17 0 Westport- Stockton (ord.) 0 1 0 — TIMBER— Leyland-O’Brien 2 2 0 — National 0 17 0 0 18 3 BREWERIESCrown 1 0 0 1 2 0 Staples and Co — 1 19 6 N.Z. Breweries — 2 19 3 MISCELLANEOUS— Burns, Philp and Co. 1 16 3 1 16 9 Colonial Sugar 54 0 0 — Electrolytic zinz (pref.) 1 15 9 1 16 6 Howard Smith — 1.14 0 Nationul Electric — 1 0 0 Taranaki Oilfields 0 12 6 0 15 0 W airarapa E armors (£1) — 0 16 9 MINING— Mount Lyell 1 5 4 — W aihi — 0 19 0