CHRISTCHURCH STOCK EXCHANGE.

Press, Volume LXIII, Issue 18904, 20 January 1927, Page 10

CHRISTCHURCH STOCK EXCHANGE.

YESTERDAY'S TRANSACTIONS. Kales rciK>rtcd—National Insurance,' 74.-t; Standard Insurance, 57a Gd; Chri3tchuic!i Gas, 20s (two. parcels); X.Z. Breweries, 52= 9d; Wilson's Cement, Sss 1 Jd, 355. Sales on 'Change—Bank ol X.Z., ote (two parcels); National Bank, £7 33; Union Bank, £ls <js Gd; X.Z. He/rig. (con.), 6s 3d; Cbristclrurch Gas, 25s 9d; X.Z. Breweries, 523 6d (two parcels), Bonds, 24s Gd, 24a 7d. LATEST QUOTATIONS.

\ OTHER EXCHANGES. (FBESS* ASSOCIATIOa T1LIOE1KB.) ' AUCKLAND, January 19. Sbaro Market sales:—War Loan, 1936, 5J per cent., £101; Bank of Australasia, £l4 2s 6d; Bank of New South Wales, £47; National Insurance, 74s 6d; New Zealand Insurance, 37s Cd; South British, -56s 9d; Auckland Gas, 23s 10d; Christchurcli, Ga3, 25s 6d; Colonial Sugar, £65 15a; Now Waiotshi (con.), Is 2d; Kawarau, •3s 8d; N.Z. Guarantee Corporation, 10s Id. WELLINGTON, January 19. Sales Reported—Bank of Australasia, £l4 3s 6d; Bank of New Zealand, £2 19s; New Zealand Guarantee Corporation (ord.)/10s 2d. DUNEDIN, January 19. Sales —HilburnLinie and Cement (rights), 2s 0(1, 3s premium. Sales Reported—Bank of New Zealand, 595; Union Bank, £ls 6s 3d; Wcstport Coal, 35s 6d; Auckland.Amusements Park (pref.), 26s 6d; Electrolytic Zinc (ord.), 36s lOd; British Tobacco, 52s 6d. INVERCARGILL, January 19. Sale Reported—Milburn Limo and Cement Company (rights), 2s. LONDON WOOL SALES. STRONG CONTINENTAL COMPETITION. (BI CABLE—PRESS' ASSOCIATION— COPMWOHT.) (AUSTRALIAN AND N.Z. CABLE ABSdCUTTOJT;) * LONDON, January 18. At the wool sales there was an excellent selection of greasy combing merinos, a fairly representative lot of scoureds, while the bulk of the crossbrods were medium and lower sorts. Tboro was a large attendance and good competition. Germany was the principal operator, and good greasy inerinos met strong Continental competition. Prices were from par to 5 per cent, above December closing rates. Ordinary average Borts and scoureds were unchanged. Crossbreds met ,a strong Continental and Yorkshire demand, and sold at par to 5 per cent, advance. The New Zealand "Tarata" sold at 17Jd highest and 15Jd average.

Dalgcty and Company, Ltd., have received the following cabled advice from London: —■ Wool sales opened with a large attendance of buyers, and competition was animated. Good selection of wools, Fronch, German, and Belgian buyers operating actively, the Home trade buying any suitable lots. As compared with the closing rates of last series, finer merino Id higher, other descriptions of merino-par to Id higher, fine crossbred par to Id higher, medium and coarse crossbred and slips unchanged. For pieces there is good demand from the Continent.

The National Mortgage and Agency Co. of N.Z., Ltd., has received the following cable from their London office:—The auctions opened here with a large attendance of buyers,, and keen competition.. Compared with the closing rates of last sales, we quote:—Greasy merino, best, 14 dearer; greasy merino, average, Id dearer; halfbreds, 50-56's, Id dearer; crossbreds, 48-50's, }d dearer; crossbreds, 46-48's, no change; crossbreds, 44-46's, no change; crossbreds, 40-44's, ao change; crossbreds, 36-40's, no change. Competition is active for finer grades, but lower grades are irregular. Slipe wools are selling better. Prices generally showed little change. ' • The New Zealand Loan and Mercantile Agency Co. has received the following cabled advice from London:—There was a good attendance at the opening of the sales to-day, competition by Home and Continental buyers being active, and prices, as compared with the close of preceding series, ruled par to 5 per cent, higher for merino wool, and ruled in sellers' favour for greasy and scoured crossbred, with a better market for slipe crossbred. The opening "catalogues were representative. GOLD. I - . _ ~ . . LONDON. January 18. bold is quoted at 84s lOd per fine oz, as against 8U Hid on January 13U.

Buyers. Selle rs. £ s. d [. £, B. d. N.Z. GOVT. DEBENTURESi$ per cent. Inscribed, 193S 9(5 5 0 96 12 6 41 per cent. Inscribed, 1039 96 5 0 96 15 0 4i per cent. Bonds, 193S and 1933 96 10 0 5 per cent. Inscribed, 1029 98 5 0 99 0 0 5 per cent. Bonds, 1927 • .. .. 99 5 0 100 0 0 5j per cent. Inscribed, 1933 101 0 0 101 3 0 5h per cent. Bonds, 1933 101 2 6 _ OTHER DEBENTURESRotorua Borough .6 per cent., 1961 100 2 6 100 15 0 Cliri3lclmrch Tramways, 5£ per cent., 1944 .. 99 0 0 N.Z. Breweries, Bonds 1 4 6 BANKSAdelaide S 17 6 _ Aust. Bank of Comm. 1 12 3 a 13 0 Aust. Bank of Coram. (rights) 0 3 11. — Australasia 14 1 0 14 3 6 Comm. of Aust. 1 13 0 1 13 8 Comm. of Aust. (pref.) 6 17 6 E., S., and A. 8 8 0 8 11 0 National of Australaaia (£10 paid) -. 18 5 0 18 12 6 National of Australasia (£j paid) .. 9 3 0 9 8 6 National of N.Z. 7 2 0 7 3 0 New Zealand . • 2 18 9 2 19 2 New Zealand Mortgage shares 0 11 9 0 12 3 Royal (£1 paid) 1 17 3 1 17 9 Royal (£i paid) 7 0 0 — Union of Aust. 35 9 6 15 11 0 Victoria (ord.) 9 16 0 10 10 0 Victoria- (pref.) 20 0 0 20 10 0 Western Australian 2 14 0 2 14 6 INSURANCEMorc. Mutual 1 6 3 National 3 13 6 3 14 3 Now Zealand (aim) .. 1 17 5 1 17 8 Queensland 2 13 0 — Standard 2 17 3 2 17 9 LOAN AND AGENCY— , Dalgety and Co. 15 5 0 15 12 6 Goldsbrough, Mort 2 9 7 2 9. 10 National Mortgage .. — 3 8 0 SHIPPING— Howard, Smith 1 12 9 — Huddart-Parkor 2 7 0 2 80 Huddart-Parkcr (pref.) 1 0 9 — P. and 0. Deferred .. 240 0 0 250 0 0 Union (pref.) ..' 1 0 2 1 o. 6 FROZEN MEAT— Canterbury 7 15 0 8 15 0 N.Z. Refrig. (paid) .. 0 12 0 0 14 0 • N.Z. Refrig. (contr.) .. 0 6 0 0 6 4 WOOLLENS— Kaiapoi (17s paid) .. — 0 10 6 Kaiapoi (7s paid) 0 3 1 — COALWestport 1 14 9 1 16 0 Stockton (pref.) .. — 0 2 6 GAS— Ashburton .. .. 4 18 0 5 2 0 Auckland (cojitr.) — 15 3 0 Christchurch .. 1 6 0 .1 6 3 BREWERIESCrown (ex distribution) 0 14 6 — Manning .. — 1 0 0 New Zealand .. 2 12 6. 2 13. 9 ' Staples ... 1 18 9 2 1 0 Ward 2 3 0 2 9 0 CEMENTS— Milbum (rights) 0 3 0 0 4 3 Wilson's 1 14 9 1 15 , 0 MISCELLANEOUSAllied Motors — 1 6 0 Beath and Co. 1 11 3 1 12 0 British Tobacco 2 11 9 2 12 :6 Burns, Philp , 2 0 1 2 0 9 Colonial Sugar 53 10 0 56 10 0 Dur-lop Rubber 1 10 3 — Electrc' .Zinc (brd.) .. 1 16 9 1 17 3 Electro. Zinc (pref.) .. 1 17 •4 1 17 9 Henry Jones 2 9 3 — . Mason, Struthers (£1 paid) 1 2 9 . 1 5 o Mason, Struthers "• (10s paid) ' .. 0 10 7 0 11 ': 2 Merc. Finance, (5s paid) 0 4 0 0 4 ;8 N.Z. Drug Co. .. 3 10 6 3 12 10 N.Z. Farmers' Co-op. ; (6J per cent. Stock, 1931)) ■' •• — 82 0 jo N.Z. Guarantee Corpn. 0 10 0 0 10 5 WMtcombo and Tombs 3 10. 0 —r MININGAlburnia .. 0 3 3 — Alexander Min.as> (6s paid) — 0 10 : 0 Kawarau .. •.• 0 3 6 0 4 0 Mt. Lyol! 1 76 — St. Bathar.a "B" — par.