STOCKS AND SHARES.

New Zealand Herald, Volume LXV, Issue 19859, 1 February 1928, Page 9

STOCKS AND SHARES.

AUCKLAND STOCK EXCHANGE. ACTIVITY IN BANKING. The greater part of the business on the Auckland Stock Exchange yesterday after the holiday was done in banking shares, which continue to be a centre of interest. Government loans were freely quoted but no sales were recorded. In banking two sales of Australasias, which brought £l4 14s at the beginning of the year, were made at £l4 i'Os. English, Scottish and Australian, which have not been dealt in since last July, sold at £7 14s. The last previous sale price was £8 6s. Bank o:, New South Wales were to be had at £4B, no buyers quoting. New Zealands changed hands at last week's latest price of 595. In insurance New Zealands were inquired for at 40s 9d, but sellers withdrew after the morning call. In loan and agency business was done in Farmers' Co-oper-ative Auctioneering, B preference, at 15s 3d, more being available at that price,, buyers 15s. The last sale was made at the beginning of November at 15s. In gas Aucklands sold at the current rate of 23s 3d, the market closing with sellers at that figure, buyers 23s 2d. In miscellaneous British Tobacco were quoted at 40s and 39s 3d. Buyers of Colonial Sugars advanced to £55, with sellers firm at £56. Farmers' Fertiliser were wanted at 81s, with holders 2s in advance. Wilsons Cement were a shade stronger than when last dealt in a fortnight ago, and were sold at 38s at the last call. No business was recorded in mining shares. The following sales took place:—Bank of Australasia, £l4 10s, £l4 10s; English, Scottish and Australian Bank, £7 14s; Bank of New Zealand, 595; Farmers' Cooperative Auctioneering, B pref., 15s 3d; Auckland Gas, 23s 3d; Wilsons Portland Cement, 38s.

AUSTRALIAN CONVERSION LOAN. OVER £24,000,000 SUBSCRIBED. The Commonwealth Treasurer. Dr. Earle Page, announced on January 24 that subscriptions to the conversion loan of £36,000,000, bearing interest at 5} per cent., and issued at £9B 10s, amounted to £24,629,160. Of this sum £15,018,200 represented conversions, and £9,610,960 cash; The banks had, therefore, to take up the balance, £11,370,840, but this would probahlv be reduced by other subscriptions. which would be received up to January 31, at which date it has been decided to close the loan. SOUTHERN EXCHANGES. , [BY TELECRAPH. —PRESS ASSOCIATION.3 WELLINGTON, Tuesday. The following sfde took place on the Stock Exchange to-day:—New Zealand Breweries Bonds, £1 2s 6d. CHRISTCHURCH, Tuesday. The following sales took place on the Stock Exchange to-day Australian Bank of Commerce, 33s 6d; National Bank' of New Zealand, £6 19s; Dalgety and Company, £l3 15s: British Tobacco, 39s 8d; Whit.combe and Tombs, 69s 6d. DUNEDIN. Tuesdny. The following salo took place on the Stock Exchange to-day:—Milburn Lime and Cement, 32s 6d. CHICAGO WHEAT MARKET. A. and N.Z. CHICAGO, Jan. 30. Wheat.—March, 1 dollar cents per bushel; May, 1 dollar 30£ cents; July, 1 dollar 27, v cent.!!. ,

CLOSING QUOTATIONS. Selle rs. Buy ers. BANKS— i s d. £ s. d. Bank «i Australasia 14 12 6 . National of N.Z. 7 1 0 0 17 C National of Australasia — 17 5 0 Ditto (eon.) 8 12 0 New South Wales 48 0 0 — New Zealand 2 19 3 2 18 9 Union of Australia . — 14 6 6 INSURANCE— National 0 15 6 Nev. Zealand ' 2 0 9 South British o 18 0 2 10 9 LOAN AND AGENCY— Dalgety and Co. 13 18 0 Fanners' Co-op. Auc 3 5 0 — Dilto (A pref.) 0 18 0 Ditto (B pref.j 0 15 3 0 15 0 National Mort. 3 13 0 Newton Kins (pref.) 0 a 2 6 0 10 0 N.Z. and River Plate 1 7 0 N.Z. Loan and Mere. 94 0 0 Ditto (pref.) — 81 0 0 COAL— Hikurangi 0 4 1 0 3 9 Ditto (pref.) 0 8 3 0 7 9 DitTo (A pref.) 0 6 8 0 6 2 Pukeniiro 3 3 0 Renown Col. (con.) 0 15 6 0 14 0 Taupiri 1 5 0 Ditto (pref.) 1 3 0 Waipa .. r,.' — 0 10 0 GASAuckland irv 1 3 3 1 3 o Ditto (con.) 0 17 o 0 16 10 Birkenhead 0 10 0 — SHIPPING— Devonport Steam 1 1 0 1 3 6 Hucklart-Parker 2 9 (i Northern Steam 0 14 11 0 14 6 Ditto (con.) 0 7 3 — Union Steam (pref.) 1 0 6 — TIMBER— Kauri Timber t 0 (5 National 0 12 G — Parker-Lamb 0 19 0 — Taupo Totura Timber 0 10 0 — Ditto (pref.) 0 10 0 — WOOLLEN— Kaiapoi„ipref.) 0 14 6 — BREWERIES— C. L. Itmes (pref.) 1 0 0 J. Staples afld Co. . 2 1 3 — MISCELLANEOUS— Anck. Amuse. Park 0 14 0 A. J. Entricun (pref.) 0 19 0 — British Tobacco 2 0 0 1 19 3 Burns, Philp and Co. — 2 0 3 Bycioft, Ltd. — 1 10 0 Checker Taxicab Co. — 0 19 0 Colonial Sugar (Aus.) 60 0 0 55 0 0 Dental and Medical 0 10 0 — Dominion Pictures . — 1 0 0 Ditto (pref.) — 1 0 0 Elec. Zinc (pref.) .. — 1 11 0 Ciiey and Menzies .. 0 12 0 — Hay ward's Pictures . 1 0 0 0 18 3 Hill said Pluinmer •> — 1 2 e Milne and Choyce (deb. stock) — 1 3 3 N.Z. Express — 1 0 0 N.Z. Farmers' Fert. 4 3 0 4 1 0 N.Z. Paper Mills 0 17 0 — N.Z. Refritr. 0 18 6 0 17 6 Ditto (con.) 0 8 10 0 8 4 Robinson Ice Cream — 1 2 0 Sanford. Ltd. 1 0 3 — Ditto (pref.) .. — 1 0 0 Tarunaki Oil 0 10 6 — Thames. Theatre 0 18 6 — Tonson Garlick j. 0 11 3 — Union Oil V.v — 2 0 0 Wairakei, Ltd. rr; 0 10 f. — Wiseman (ord.> :,t 0 7 0 — Ditto (pref.) v. 0 1 "> 0 — Wilsons Cement 1 18 3 1 17 9 MINING— Alburnia 0 1 8 0 1 5 Moanataiari (paid) . 0 2 4 0 1 0 Ditto (con.) 0 i 4 0 0 11 Golden Age (paid) . — 0 0 3 Kawarau — 0 0 0 Komata Reefs 0 0 3 — Kuranui — 0 0 2 Lucky Shot (2s paid) 0 1 6 0 1 3 Maoriland Con. (con.) 0 1 0 — Mt. Welcome (con.) . 0 1 0 — New Waiotahi (4s pd.] — 0 0 9 Ditto (con.) 0 0 10 0 0 7 Occidental ('is pd.) — 0 1 0 Ditto (con.) 0 1 3 0 0 10 Oliinemuri 0 7 0 0 6 9 Ditto (prof.) i.. 0 9 6 — Wnihi 0 11 4 0 10 10 Mount Lyell — 1 8 9 N.Z. GOVT. BONDS- - War Loan. 1910, 44 — 97 15 0 Ditto, 1933. 45 — 90 15 0 Ditto, 1939, 41 — 90 15 0 Ditto, 1933, 5J 101 10 0 100 15 0 Ditto. 15)36, 5i .. — 101 0 0 N.Z. INSCRIBED STOCK— War Loan, 1938. 15 .. — 90 17 G Ditto. 1939. 4J — 9fi 17 0 Ditto, 1933, 5t 101 7 6 10(1 15 0 Ditto, 1930. 5i 101 7 6 100 15 0 DEBENTURES— Auck. Har. Bd„ 6 103 10 0 City Auck., 1940, 5i 99 0 0 — Bar. Devorsport, G . — 100 0 0 Bor. Mt. Eden, 52 . — 100 0 0 Ditto, 6 — 102 0 0 Hamilton Theatres ,. 105 0 0 — N.Z. Breweries ,. 1 3 0 1 2 7 Glaxo — 90 0 0