WELLINGTON STOCK EXCHANGE.

Manawatu Standard, Volume XLVI, Issue 176, 26 June 1926, Page 5

WELLINGTON STOCK EXCHANGE.

YESTERDAY’S BUSINESS AND PRICES. The sales reported at the afternoon call yesterday on tho Wellington Stock Exchange were Bank of New Zealand at 62s lid, N.Z. Guarantee Corporation ordinary shares at 9s lOd and Huddart-Parker ordinary at 44s 9d. There was a good demand for Government stocks and bonds, with buyers of the 4i per cents at £96 10s and the 5 per cents at £9B 10s. Wellington Gas Co.’s debentures were very firm at £IOO, but holders show no (disposition to accept the price. Bank shares were firm. Bank of Australasia shares at £l4 6s were 6d higher. Commercial Bank shares were in demand at 31s 6d, Bank of New Zealand at 62s Gd and National Bank of Australasia, £lO paid, at £lB. Sellers quoted £45 7s 6d for Bank of New South Wales shares and £ls 10s for Union Bank shares. There were buyers of Equitable Building shares at £9 2s 6d and Wellington Trust and Loan at £6 7s. Gas shares Avere steady, Avitli bids of 23s 9d for Axickland Gas and 27s for Wellington Gas ordinary. National Insurance shares were firm at 78s 9d. Wellington Meat Export shares Avere in demand at 4s 6d. There were buyers of Huddart-Parker ordinary shares at 44s Bd, Union Steam preference at 20s and Ivelburn Tram ordinary at 26s 3d. Wellington Woollen shares Avere very firm, the ordinary at £6 7s and the preference at £6 8s 6d. There Avas a bid of 36s for Westport Coal shares and 42s 6d for Ley-land-O’Brien Timber. ‘ Staples and Co.’s shares Avere in demand at 39s and Ward and Co.’s at 40s. There were bid 9of 53s 6d, cum dividend, for British Tobacco, 36s for Electrolytic Zinc preference, 13s 6d for Taranaki Oil and 34s 3d for Wilson’s Cement. Yesterday’s buying and selling quotations were as under;;—

SALES IN OTHER CENTRES,

Per Press Association. AUCKLAND, Juno 25. Sales: Commercial Bank of Australia 31s 9d; Bank of Ngav Zealand 62s 9d; Auckland Gas (ordinary) 23s lid; Consolidated Us 8d; Northern Steam 15s 3d; Staples’ BreAvery 38s 3d; Henry Jones Co-op. 475; Alburnia 4s lOd, 4s 9d, 4s 10d, 4s 9d, 4s lOd; Lucky Shot (con.) Is 3d; Ohinemuri 6s sd, 6s 6d, 6s sd, 6s 6d, 6s sd. CHRISTCHURCH, June 25. Sales reported: NeAV Zealand Government 4-i per cent inscribed stock (1938) £96 12s 6d (tAvo parcels); Bank of NeAV Zealand 62s 9d; South British Insurance 60s Gd. Sales: E., S. and A. Bank £8 5s (tAA'o parcels); Western Australian Bank 57s 8d; Colonial Sugar £54 10s; British Tobacco (cum div.) 545. DUNEDIN, June 25. Sales: Bank of NeAV Zealand 62s 6d ; Kawarau 7s 5(1 (tAvo parcels); New Zealand Harchvare (ordinary) 12s; Mount Lyell 25s 4d (four parcels). Sale • reported: Canterbury Meat £lO. INVERCARGILL. Juno 25. Sale reported: Mount Lyell 25s 3d. PRICE OF GOLD. LONDON, Juno 24. The price of gold is £4 4s 11 ]d per ounce.—A. .and N.Z. .cable. EXCHANGE RATES. LONDON, June 24. .Foreign rates'of exchange on Juno 24, as compared with par rates, or as averaged first half of 1914, aro as follow: June 24. Par.

Prices for beef at tho Westfield fat stock sales on Wednesday Avere firm at last Aveek’s rates. Extra choice ox realised £1 12s per 1001 b, other grades bringing from £1 2s to £1 11s according to quality. Sheep values Avere maintained at recent rates. Wethers brought from £1 3s to £1 14s.Gd; eAves', 18s 6d to £1 Gs 6d ; lambs, 18s to £1 7s 6d. There Avas keen demand for a small yarding of pigs and prices shoAved a slight improvement, choppers and bacon pigs realising from £3 17s to £5 15b.

Buyers. Sellers. N.Z. GOVT. BONDS— £ s. d. £ s. d. 4i p.c. Ins. Stk., 1939 96 10 0 — 4A p.c. ditto. 1938 96 10 0 — 4A p.c. Wav Bonds. 1939 9b 10 0 — 4A P.c. ditto 1938 96 10 0 — 4A p.c. ditto, 1930 97 7 6 — 5 p.c. P.0. Bonds, 1927 98 10 0 — OTHER DEBENTURES— Wellington Gas 100 0 0 N.Z. Breweries (10 p.c. bonds) — 1 6 7 BANKS— Australasia 14 6 0 — Commercial of Aust. (ord.) 1 11 6 National Bank of Australasia (£10) 18 0 0 — New South Wales — 45 7 6 New Zealand 3 2 6 3 3 0 Union of Aust — 15 10 0 FINANCIAL— Abraham and Williams (ord.) — 4 1 0 Equitable Building: ... 9 2 6 — National Mortgage ... — 3 16 3 N.Z. Guarantee Corp. '(ord., 8s)0 8 9 0 10 i N.Z. Investment — Well. Trust, Loan ... 6 7 0 — GASAuckland 1 3 9 1 4 i Wellington 17 0 — INSURANCE— National 3 18 9 3 19 3 MEAT PRESERVING— Well. Meat Export ... 0 4 6 — TRANSPORT— Huddart-Parker (ord.) 2 4 8 2 5 0 Union Steam (pref.) . 10 0 — Kelburne Tram, (ord.) 1 6 3 — WOOLLEN— Wellington (ord.) 6 7 0 — Wellington (pref.) ... 6 8 6 — COAL— Westport 1 16 0 1 16 9 Westport- Stockton (ord.) 0 10 — TIMBER— Leyland-O’Brien 2 2 6 — National — 0 18 0 BREWERIESManning and Co. , — 2 0 0 Staples and Co — 1 19 0 N.Z. Breweries — 2 19 3 Ward and Co 2 0 0 — MISCELLANEOUS— British Tobacco (cum.) 2 13 6 — Burns, Philp and Co. — 1 16 9 Elcctrolytio Zinc (pref) 1 16 0 1 16 4 Howard Smith — 1 14 0 Taranaki Oils 0 13 6 — Wilson’s Cement 1 14 3 1 14 6 MINING— Waihi 0 18 9 Kawarau — 0 7 7

New York. dols. to £1 4.36? 4.866 Montreal, dols. to £1. , 4.852 4.866 Paris, francs to £1 167.12 25.22* Brussels, francs to £1 . 168.50 25.22* Amsterdam florins to £1... . 12. HA 12.107 Stockholm, knr. to £1 . 18/12 18.12 Oslo, knr. to £1 .. . 22.15 18.12 Copenhagen, knr. to £1 ... . 78.35 18.12 Berlin, Reichsmark to £1.., . 20.04 — Homo, lire to £1 .. , 134.25 25.22* Yokohama, ponce to yen .. .. 23* 24.48 Calcutta, pence to yen , 17 15.16 24 Hong-Kong, pence to dol. . .. 27g 24 Batavia, florins to £1 . 12.06 —'