WELLINGTON STOCK EXCHANGE.

Manawatu Standard, Volume XLVII, Issue 56, 3 February 1927, Page 5

WELLINGTON STOCK EXCHANGE.

YESTERDAY’S BUSINESS AND PRICES. At the morning call yesterday a sale of South British Insuranco shares at 56s od was mado on tho Wellington Stock Exchange, and a sale of 4i per cent, stock at £96 10s was reported. At tho afternoon call the 6ales reported were Bank of Now Zealand shares at 59s 3d, New Zealand Guarantee Corporation ordinary at 10s sd, and Wellington Investment at 10s 6d. There was a moderate demand for Government stocks and bonds with buyers of tho 5 per cents, at £99 2s 6d, and tho 5£ per cents, at £lOl. New Zealand Breweries 10 per cent, bonds were on sale at 255. Bank shares were steady. Commercial Bank rights now issue were in demand at 9s, and there wero buyers of English, Scottish and Australian Bonk at £8 ss, Bank of New Zealand at 595, Union Bank at £ls 4s, and National Bank of AUstra£s paid, at £9 2s 6d. Sellers quoted £7 2s 6d for National Bank of Now Zealand. New Zealand Guarantee Corporation shares wero steady, tho ordinary at 10s 3d, and the preference at 21s 3d. There was a bid of £6 9s ex dividend for Wellington Trust and Loan shares. Thero was very little other business offering. I'liore wero buyers of New Zealand Refrigerating shares, 10s paid, at 6s 2d; Huddart-Parkcr ordinary at 475; Union Steam preference at 20s Id ; Manning and Co. at 19s 6d; Electrolytic Zinc preference at 36s 3d; New Zealand Milk Products at 21s; Dominion Investments at 21s; Wairarapa Farmers’ Investments at 15s; and Wilson’s Cement at 35'b 3d. Yesterday’s buying and selling quotations wero as under:

SALES IN OTHER CENTRES. Per Press Association. AUCKLAND, Feb. 2. Sales: Soldiers’ Inscribed Stock, 1933, £lOl ss; Bank of New Zealand, 59s 3d; National Bank of Australasia, £l3 7s 6d; South British Insurance, 56s 6d; Northern Steamship, 13s 6d; Kempthorne Prosser, 70s; Lewis R. Eady and Son, 7 per cent. B preference, 20s 3d; Milno and Clioyce (debenture stock), 24s 3d; Wilson Cement, 365; Alburnia, 3s 8d; Kawarau, 3s 6d; Lucky Shot (contributing), Is 4d; New Waiotahi (contributing), Is. CHRISTCHURCH, Feb. 2. Sales reported: Mason, Struthers (£1 paid), 21s 9d; Wilson’s Cement 36s 3d. Sales: New Zealand Insurance (cum. div.), 37s 6d; Electrolytic Zinc (pref., cum. div), 36s sd. , DUNEDIN, Feb. 2. Salo: P. and 0. deferred stock, £265. Sale reported: 5} per cent. Soldiers’ Inscribed Stock (1933), £lOl.

PRICKLY PEAR

STUDY OF ERADICATION

REMOVAL TO AUSTRALIA

NEW YORK, Feb. 1. At the end of 1927 Mr Lewcock, mycologist to the Commonwealth Prickly Pear Board, hopes to transfer his experiments with the bacteria he has discovered bearing on the study of tho eradication of prickly pear to Australia for tests under strict control. The bacteria ns closely akin to soft rot in vegetables, but is not believed to consist of tlie same bacilli. When p*ckly pear is infected with the bacteria during summer temperatures of 80 degrees or more, tho bacilli multiply at a tremendous rate, producing an enzyme which spreads with _ the greatest rapidity, destroying within a short time largo healthy plants, which seem to lack any natural resistant to this disease. The bacilli also spread from plant to plant by their own means. It is believed that this disease does not attack other economic vegetation, and while Mr Lewcock does not anticipate that it will completely eradicate the Australian pear areas, he thinks that it may prove an important parasite factor in stopping tho spread of the pest, and make possible its total removal with the aid of mechanical means at an economic cost. Mr Lewcock points out that one of the disadvantages of fungus diseases is that the pear creates a cork cambium around the spots infected with fungus, stopping its rapid spread, which is necessary if anything in the nature of wholesalo eradication is desired. Mr Lewcock also experimented with the mozaic disease of cactus, which is highly destructive to tho pear, but so little is known about the agent cause of this disease, that it is still problematical whether it would not spread to economic vegetation. The bacterial disease, which has been already isolated, has not yet been named. —A. and N.Z. cable.

Buyers. Sellers. N.Z. GOVT. LOANS— 3 s. d. £ e. d. 4£ p.c. Ins. Slk. 1939 — 96 12 6 4i p.c. ditto, 1938 ... — 96 12 6' p.c. ditto 1933 ...101 0 0 96 15 4i p.c Bonds 1938 ... — 0 4£ p.c ditto, 1930 ... — 97 17 6 p.c. ditto, 1933 ...101 0 0 — 5 p.c. P.0. Ins. Stk., 1929 98 5 0 — 5 p.c P 0. Bonds, 1927 98 2 6 99 5 0 DEBENTURES— N.Z. Breweries (stock) — 1 4 10 Ditto (bonds) — 1 5 0 Inglewood, Borough 5 p.c., 1929 — 98 10 0 BANKS— Commercial of Aust. (ord.) — 1 11 6 Ditto (rights) 0 9 0 — English, Scottish and Australian 8 5 0 — National of N.Z — 7 2 6 National of Australasia (£5) 9 2 6 — New Zoalund 2 19 0 2 19 6 Union of Aust 15 .4 0 15 7 0 FINANCIALGoldsbrough Mort ... — 2 11 0 National Mortgage ... — 3 8 0 N.Z. Guarantee Corp. (ord 8s) 0 10 3 — Ditto (pref.) Well. Trust, Loan ... 1 1 5 — 6 9 0 6 15 0 Well. Deposit — 0 10 0 INSURANCE— National — 3 14 6 New Zealand (cum.) „.. — 1 17 9 South British — 2 16 9 Standard — 2 17 9 MEAT PRESERVING— Gear / 1 16 0 N.Z. Refrigerat (10s) 0 6 2 0 6 7 TRANSPORT— Huddart-Parker (ord.) 2 7 0 2 7 9 Union Steam (prof.)... 1 0 1 1 ■ 0 6 WOOLLEN— Kaiapoi (ord.) — 0 10 3 COALWestport — 1 16 0 TIMBER— Leyland-O Brien — 2 2 0 National — 0 15 3 BREWERIES— Manning and Co. 0 19 6 — Staples and Co — 1 18 9 MISCELLANEOUSBurns, Philp and Ci>. — 2 1 0 Electrol y t i c Zinc (odr.) — 1 17 0 Ditto (pref.) 1 16 3 1 16 9 National Electric — 0 17 9 N.Z. Milk Products (bonds) 1 1 0 — Dominion Investments 1 1 0 — Scoullar Co. ...i — 1 2 6 Sharland and Co — 1 2 6 V airarapa Farmers’ (pref.) 0 15 0 0 16 0 Wilson’s Cement 1 15 3 — MINING— Mount Lyell 1 8 3 — Kawarau — 0 3 9