COMMERCIAL.

Star (Christchurch), Issue 18338, 15 December 1927, Page 9

COMMERCIAL.

BAVIN GOVERNMENT TO RAISE BIG LOAN. By Telegraph.—Press Assn.—Copyright. Aus. and N.Z. Cable Association. (Received December 15, 10.10 ajn.) SYDNEY. December 15. The State Government has decided to raise a loan of between £6,000,000 and £7,000,000 in London in the near future. London Surprised. (Received December 15, 10.30 a.m.) LONDON, December 14. The New South Wales Loan surprised the market as it was thought the issue of Treasuries on December 1 would have filled all requirements till the New Year. The new issue is pari passu with the existing 5i per cent loan. The first interest payment is £2 on July 1, 1928, the net yield to the investor allowing for redemption at lOt per cent. The prospectus states that the loan is being raised for the construction of railways and other public works. The three million Treasuries and ternwill be repaid from the precedes. The will be repaid from the proceeds. The loan was favourably received on the Stock Exchange which was specially pleased by the statement that the whole of the sinking funds would be applied to the purchase of New South Wales and other Australian Government securities on the London market. Loan Underwritten. (Received December 15, 11 am.) LONDON. December 14 It is understood that the £7,000,000 New South Wales loan has been underwritten at 51 per cent at £99 10s. C LEA RUT Q SALE. Messrs Jones, M’Crosths Company, L/td., report having held a successful clearing sale on the premises, Barbados Street. Amongst the various articles sold, the following prices were realised: —Three-piece suite, £2B; gramophone, cabinet and records, £l2; bedroom suite-, £27; rug, £4; ottoman couch, £2; neat, £2; cabinet, £4; occ. chair, £2 30s; duchesse pair and bedstead, £6 15s; sideboard, £9; seven dining chairs, £lO 10s; Morris chair, £3 ss; rug, £2; chests, £2 10s and £2 10s; cupboard. £2 ss; three bedsteads, ‘£B 15s; linoleum, £? 17s 6d. "4

STOCK EXCHANGES.

CHRISTCHURCH. Following were to-<liiy*6 quotations:— Buyevs. Sellers. £sd £ h d N. 55. GOVT. STOCK—■4J p.c. Inscr., 1938 96 17 6 4i p.c. Inscr, 1939 96 J 7 C 41 p.c. Bonds. 1930 98 0 0 41 p.c. Bonds, 1938 96 17 6 41 p.c. Bonds, 1939 96 17 6 6$ p.c. Inscr., 1927-1941 98 10 0 51 p.c. Bonds, 1933 101 5 0 51 p.c. Inscr., 1936 101 5 0 51 p.c. Bonds, 1936 101 5 0 6 p.c. Inscr.. 1931 102 10 0 OTHER DKBENTURES— N.Z. Breweries, (10 p.c. Bonds! 13 7 BANKS—

Adelaide 8 Australian of Commerce .... 1 Australasia .... 3 4 12 32 15 3 9 0 8 13 3 Comm, of Aust. . . l Comm. of Aust. 3 1 9 5 <4 p.c. cum pref) 7 0 0 7 1 Comm, of Syduvy 25 0 0 25 15 0 E.S. and A 7 Natl, of Austral11 0 7 12 6 asla (£10 paid) 3G Natl, of Austral18 0 17 0 0 asia (£6 paid) 8 National of N.Z. S G 8 10 0 (cum dlv.) .... 6 17 n 6 38 0 New South Wales 4 > 2 45 5 0 New Zealand .... 2 19 2 3 9 3 Union of Aust. . . 14 Union of Aust. (new 2nd Instalment paid) .... Union of Aust. (new. fully pd.) 14 INSURANCE— 10 0 9 14 8 12 15 to 0 National 0 New Zealand .... 2 15 7 4 0 15 • South British . . 2 Standard 3 LOAN AND AGENCY— 17 1 0 G 2 IS 0 Dalgety and Co. . 13 Goldsbrough, Mort (ex div.) 2 National Mortgage N.Z. Loan and Mercantile (ord) 90 SHIPPING— Huddart - Parker 2 FROZEN MEAT— N.Z. Refrigerating 2 6 S 6 0 0 IS 3 7 12 6 e (£1 paid) 0 N.Z. Refrigerating 16 s 0 17 0 (10s paid) 0 WOOLLENS— 8 2 0 8 2 Kaiapol (17s pd.) 0 S 0 0 0 Kai&poi (pref.) . . o COAL— Westport 1 W estport-Stockton 13 11 0 9 15 0 tpref.) 0 GAS— Christchurch 2 11 0 3 3 (5s paid ) 0 Timaru BREWERIES 6 S 1 3 r, 0 Carlton 2 5 6 Tooths 2 New Zealand (cum 3 9 2 6 0 div.) 2 3 4 5 Staples 1 3 8 7 3 1 8 Toohey's 1 CEMENTS 9 1 1 11 6 Wilson's Portland MI SC ELLA N BO US 1 17 11 Bvrnth and Co. . . 3 32 * 1 12 British Tobacco . . 1 19 Burns, Philp .... 1 Colonial Sugar Dominion Rubber 2 Dunlop Rubber . . 1 Electrolytic Zinc 18 4 3 0 0 1 55 1 9 0 0 (part pref. > 1 1 1 30 1 12 2 Holden a Motors . 1 Mercantile Finance Corporation (5s 11 0 1 12 0 paid > o 1 s 0 4 N.Z. Drug Co. . . 3 N.Z. Guarantee ("orporaion .... 0 8 0 10 3 11 0 Taranaki Oilfields 0 Victoria Nyanza Sugar 2 9 10 0 0 10 6 Quill, Morris ... 1 Eclipse Petrol (£1 1 9 1 2 0 paid) 0 MINING — Mt I.yell (cum 0 11 0 div.) 1 Ohinemuri 0 3 3 1 8 7 Wailil 1 2 4 1 3 0 Salon on ’Change—T»a1ge tv and Co., £13 5s; Westport-Stockton 2s lid, 3«J staples Brewery ,'oal (pref.), 3 Its.