COMMERCIAL.

Star (Christchurch), Issue 18468, 21 May 1928, Page 5

COMMERCIAL.

colonial issues IN GOOD DEMAND ON LONDON ’CHANGE. (United Press Assn.—By Electric Tel egraph.—Copy right.) (Received May 21, 9.15 a.m.) LONDON, May 19. In gilt-edged business is quiet, but prices are well-maintained, a good effect being produced by the news of the five per cent war loan and the funding loan to be made on trustee stocks in the United States.

There has been a good demand for recent colonial issues, on which satisfactory premiums have been established. The latest issue is the Kenya Government’s £3,500,000 loan of 4£ per cent, at £95. This has been most favourably received and was over-sub-scribed immediately the prospectus was issued. It is now quoted at a small premium.—Australian Press Association.

STOCK EXCHANGES. CHRISTCHURCH. The following are to-day’s quotations: Buyers. Sellers.

Rnles on ’Change—Comm. Bank of Aust.. 29* 2d, 29s 3d; Comm. Bank of Svdney, £26 ISs 6'd; Bank of New Zealand, 60s 3d, 60s 4d: Howard Smith, 3d: N.Z. Refrig. (10s paid), 8s 4d (2 parcels).

£ N.Z. GOVT. STOCK4& p.c. Inscr., 19|>S 97 12 6 4J p.c. Bonds, 1930 4$ p.c. Bonds, 1938 and 1939 .... 97 12 5£ p.c. Incr., 1933 5J p.c. Bonds, 1933 100 2 51 p.c. Inscr. and Bonds, 1936 100 5 OTHER DEBENTURES N.Zi Breweries (Inscr.) .... 1 3 0 N.Z. Breweries (Bonds) 1 3 0 1 3 9 BANKS— Adelaide 9 10 0 Aust. of Com1 15 0 1 15 1 Australasia .... 14 7 6 14 10 0 Australasia (new, (1st call paid) . 6 2 6 Australasia (new, fully paid) 14 3 1 9 1 9 3 Comm. of Aust. (pref.) 7 3 0 Comm, of Sydney 20 18 0 26 19 K.. S. and A 8 8 3 8 8 9 National of Australasia (£10 paid, cum div.) IS 5 6 1 8 8 0 National of Australasia (£5 paid, cum div.) 6 9 3 0 Natl, of N.Z 7 1 6 7 3 3 New South Wales 48 2 6 43 7 6 New Zealand .... 3 0 3 3 0 4 New Zealand (mort. shares. £1 paid) 1 6 9 New Zealand (mort. shares 1 1 Union of Aust. . . 14 17 0 INSURANCE— New Zealand .... " 2 1 6 South British 2 19 3 3 6 LOAN AND AGENCY— Goldsbrough Mort 0 3 15 N.Z. Loan and cum div.) 1 10 N.Z. and River Permanent InvestPerpetual Trustees SHIPPING Pevonport Ferry Howard Smith 1 Huddart- Parker . FROZEN MEAT— Canterbury 5 18 N.Z. Refrigerating: (10s paid) .... Stockton (ord.) .. Stockton (pref.) . Christchurch BREWERIES — Staples 6 1 Tima.ru TIMBER — 1 1 0 1 1 S British Tobacco . Burns Philp • - - Colonial Sugar . Electrolytic Zinc 6 ITavward's Pictures (cum div.) 1 (£1 paid) ... Mason Struthers (10s paid) .... 0 9 N.Z. Drug Co. - - N.Z. Farmers’ Coop. (prer., re div 1 10 0 2 0 0 N.Z. Farmers Costork. 1930) SI 0 0 N Z Farmers' Co79 0 84 N Z Guarantee Corporation 0 8 6 0 8 Taranaki Oil .... 0 0 4 0 1 0 Walhl 0 10 6