CHRISTCHURCH STOCK EXCHANGE.

Press, Volume LXIII, Issue 19147, 2 November 1927, Page 10

CHRISTCHURCH STOCK EXCHANGE.

Markets were rather unexpectedly active yesterday, and a good volume of business waa transacted. The gradual firming of prices and the increased demand, especially in the gilt-edged section, ifl responsible for Bales at appreciably advanced prices During October there were maried indication of increasing confidence by the investing public. Many stocks that liad received v er 7 little attention in the preceding three months, and in consequence were at a low figure, have again become prominent, and good turnovers have taken place. In the Stock and Bond section, £SOO 5£ per cent. 1338 bonds were released at i'lol 7s 6d, market closing buyers £lOl Sa and sellers at £lOl 10s. Other stocks wero firm at late prices. . In the Banking section, Bank oi Adelaides changed hands at £8 17s 6d, a rise oi c.3 on last recorded sa.le. The market closed firm, buyers offering £8 16s, no sellers quoting. Australian Bank of Commerce had salts of 100 at 32s Sd and ICO at 3'2s _9d, sellers offering more at the latter price, buyers offering 32s 7d. Commercial of Australia, alter a turnover of 100 shares at 2Ss 10d; market closed buysrs '2Ss 9d, sellers 3Ss lid. National Bank of Australasia have announced that their transfer books will be closed from the 17th to 30th instant, for the purposes of payii:g an interim dividend for six months at the rure of 10 per cent per annum, payable on the 30th instant. ±-10 paid shares wero quoted cum dividend £l7 10s buyers, £l7 ISs 6d sellers. For the £5 paid shares, £3 15s was paid for ail odd parcel; market closed buyers £8 14s 6d, sellers £6 15s 6d. Bank of New South Wales had some attention at slightly firmer prices, eight at £l4 2s Gd and seven at £4-1 la Gd changing hands; market closed £4l Js buyers, £44 29 sellers. Bank of New Zealand wjrs firmer, 200 at 56s and ICO at ssa lid being turned over, buyers offering «5s Id for further supplies, sellers asking _5Ss Sd. Union Banks: i'or the shares in this bank, ex rights, sellers further reduced their nrico to £ll, no business being recorded. Bights had sales at 48s (four parcels), 495, 49s 6d, and 50s (fiv6 parcels), and 51b; market closing firmer with buyers at 50s, sellers st?s 6d. Fractional rights; Nine parcels were sold at 9s 3d, more being wanted at that price, sellers wanting 9s &d. Dalgety and Co.—The announcement of the dividend has stimulated this market. One hundred shares were sold at £l3 13s, showing an increase of 2s per share on last reported business. Closing prices were buyers £l3 lis, sellers £l3 15s 6d. Goldsbrongh, Morts were wanted at 47s lOd, sellers holding for 4fis. P. and O. Deferred Stock: Buyers increased their offer 3 to .£266, but sellers would not accept less than £278. The improved tone of the meat market was mirrored in an advance in prices of New Zealand Refrigerating shares; 415 were sold at 7s 10d, with later sales of 300 at 7s l!d and 200 at Ba, the market closing buyers 7s lid, sellers Ss. The Westp.ort Coal Company announce that the annual meeting will, be held on tho 23rd instant Although the notice givee as part of the business "to declare a dividend," | no statement of what* the dividend will be lis made. Quotations on the 3 p.m. cell were buyers ( 355, sellers 375. Christchuroh I Gas: Five shilling shares'were dealt in at | 6s 6d, with further sellers at that price, i' buyers ' offering 6s -Jd. British Tobaccos I were fractionally firmer, buyers offering 58s, sellers 50s 3d.

YESTERDAY'S TRANSACTIONS. Sales on 'Change—N.2. Govt. 03 per cent. Bonds, 1933, £lOl 7s 6d (two parcels); Bank of Adelaide (cum div.), £& 17s 6d; Aust. Bank of Commerce, 3'2a 8d; Comm. Bank of Aust., 28s 10&;. National Bank of Australasia , (£5 paid cum div.), £8 15s; Bank of New South Wales, £ll 2s 6d; N.Z. Kef rig. (contr.), 7e lOd (three parcels), 7s 1 lid, 8a; Union Bank (rights), 50s (four-parcels), (fractions), 9s 3d (six parcels). Sales reported—Aust. Bank of Commerce, B'2s 9d; Bank of New Zoaland, 58s, 6Ss lsd, 58s; Bank of. New South Wales, £44 2s 6d, £44 la Gd; Dalgety and Co. (cum div.), £l3 13s; Union Bank (right 3!, 495, 49s 6d, 50s, 51s (two parcels); Christchurch Gaa (new ob paid), 6s 6d.

LATEST QUOTATIONS. Buyers. Sellers. £ e. d. £ s. d. N.Z. GOVT. DEBENTURES— 4i per ,cent. Inscribed, 1938 rand' 1939 96 5 0 96 10 0 4J -per cent. Bonds, 1930 SS 0 0 — 4J per oont. Bonds) \ _ 1938 97 S 0 4J per cent. Bonds, 1939 96 7 6 — 5 per cent. Bonds, 1927 S9 15 0 — 5J per cent. Inscribed, 1933 .. .. 101 S 0 101 12 6 54 T>er cant. Bonds, 1933 .. .. 101 5 0 101 10 0 54 per cent. Inscribed, 19345 .. .. 101 5 0 101 10 0 5J per cent. Bonds, 1936 .. 101 5 0 — OTHER DEBENTURES— ■ Timaru Borough, 4J 93 10 per cent., 1933 — 0 Makema Drainage, 6 cent., 1946 — 100 0 0 N.Z. Breweries, Inscr. 1 8 0 1 4 0 N.Z. Breworie6, 1 Bonds 1 3 6 1 I 0 N.Z.. Milk Products, 8 per cent., 1938 1 1 0 — BANKSAdelaido (cum; dir.) .. 8 16 0 6 37 6 Aust. of Commerce 1 12 7 1 12 9 Australasia 14 11 6 14 12 6 Comm. of Aust. 1 8 9 1 8 11 Comm. of Aust. (ptef.) 7 0 6 • 7 5 0 Comm. of Sydney 24 10 0 25 0 0 E., S., and A. 7 12 6 7 Id 0 E„ S., and A. (Royal Bank issue) 7^10 0 — National of Australasia, (£10 paid, cum div.) 17 10 0 17 13 6 National of Australasia (fa 3>aid, cum div.) a 14 & 8 15 6 National of N.Z. — 6 17 0 New South Wales 44 1 0 44 8 0 New Zealand .. 2 18 1 53 18 3 Naw Zealand (Mortgage Shares,, 10s' paid) .. 0.16 s — Queensland National (cum div.) 8 5 0 — Union of Aust. — 14 0 0 Union of Aust. (rights) 2 20 0 •2 12 6 Union of Aust. (fractions) 0 9 3 0 9 6 INSURANCE— Mercantile Mutual — 1 8 0 National (cum div.) — 4 0 0 New Zealand .. i :s s 1 19 0 Queensland ... •2 34 0 2 16 0 South British — 2 17 0 Standard 3 0 0 — LOAN AND' AGENCY— . Dalgety and Co. (cum div.)' .. .. 33 12 0 13 15 6 Dalgety and Co. (new) 13 1 e IS 4 0 Goldsbrough, Mort ' 2 7 10 2 8 0 Goldsbrougb, Mort (ne-w'j 2 6 6 2 6 10 N.Z. Loan and Mercantile (ord. atock) 94 0 0 93 0 0 N.Z. and River Plate 1 7 0 1 7 9 Permanent Investment 9 15 0 SHIPPING— Devonport Ferry 1 3 0 1 5 0 Howard,. Smith 1 9 9 1 10 0 Huddart-Parke r i 7 3 2 8 0 P. and 0. Deferred Stock (oum div.) •2S6 0 0 273 0 0 Union (pref.) 1 0 0 1 0 4 FROZEN MEATCanterbury 7 12 6 7 19 0 Canterbury (pref.) 4 15 0 5 0 0 N.Z. ; Refrig. (£1 paid) 0 15 2 0 IS 7 N.Z. Refrig. (cor.tr. i .. 0 7 11 0 8 0 WOOLLENSKaiapoi (17s paid) 0 8 1 0 9 0 Kaiapoi (pref.) 0 10 0 0 12 3 COALTaupiri (cum div.) 1 6 3 1 7 0 Westport . 1 15 0 1 17 0 Stockton (ord.) 0 1 4 0 1 s Stockton (nret.) 0 2 10 0 3 4 GASAuokland 1 2 S 3 3 0 Christchurch .. 1 J l 1 3 8 Christchurch (now, ci paid) 0 0 4 0 6 6 Timaru — 1 2 9 BREWERIES— Crowr. 0 IS 0 — New Zealand .. 2 4 2 2 4 S Staples 1 38 0 1 13 6 "Ward 1 13 fi 1 18 0 White Star ... 0 17 6 1 0 0 CEMENTS— W-lson'a 1 16 0 1 17 0 TIMBER— 5 Kauri 1 4 0 1 4 MISCELLANEOUS— 0 11 Allied Motors 0 10 0 0 Auckland \ Amusement 0 17 Park 0 15 3 0 Beath and Co. 1 12 0 1 12 G British Tobacco • • 2 18 0 2 19 3 Bums, PVi'n 1 17 0 1 17 9 Colonial Sugar — o4 5 P ■Rclipso Petrol 0 5 0 0 11 0 "Electro. Zinc (ord.) . - 1 30 0 1 11 0 Electro. Zino (pref.) .. 1 11 7 1 11 11 Hoden's Motors 1 12 S 1 1H 6 N.Z. Drag Co. N.Z. Co-op. 3 4 0 3 4 6 1 8 1 18 (pref. re dir. only) 9 6 N.Z. Farmers' Co-op. (6£ oer cent. Stock, ■ 1930) — 80 0 0 N.Z. Fanners' Co-op. (64 oer cent. Stock, 1933) N.Z. Guarantee Oorpn. 70 f> 0 8 0 7 76 0 0 8 0 8 N.Z. Paper Mills .* 0 16 3 0 17 1 3 0 N.Z. Sugar ot Milk .%> ™* 0