CHRISTCHURCH STOCK EXCHANGE.

Press, Volume LXIII, Issue 19168, 26 November 1927, Page 12

CHRISTCHURCH STOCK EXCHANGE.

YESTERDAY'S TRANSACTIONS. Sales on 'Change-N.Z. Refrig. (contr., 8« 2d (3 parcels); Chrietchurch Gas, 245. 3d (2 parcels); Electro. Zinc (ord.), 30a 7d (odd lot). Sales Reported-Standard Insurance, 62a ; Dalgety and Co., £l3 (2 parcels); National Mortgage, Tls 9d; N.Z. Drug Co., 655. QUOTATIONS. Yesterday. Last Week. Last Year.

OTHER EXCHANGES. (PBESS ASSOCIATION TELEGRAMS.) AUCKLAND, November 25. Saloa—War Bonds, 1938,. 4i per cent., £96 16b; Inscribed Stock, 1938, 4J per cent., £96 15s; Inscribed Stock, 1933, 6i per cent., £lOl ss; Union Bank, £l4 103) New Zealand Insuranoe, 40a;- Hikurangi Coal, 3sßd, (pref.) 7sld; Devonport Perries 245; New Zealand Refrigerating (oon.), 8s 2d; Occidental Una United (con.), Is 7d, In 8d; Ohinemuri, 6s 4d. WELLINGTON, November 25. Sales Reported—4J per cent. Stock (1938), .696 15s; Bank of Australasia, £l4 15s; National Bank o£ New Zealand, £0 18s Gd; Union Bank, £l4 10s. DUNEDIN, November 25. Sale-Huddart-Parker (pref.), 20s 9d. TALLOW. Dalgoty and Company, Limited, have received the following cablegram from their London office, dated Novembor 23rd:— Tallow—At the weekly auction 685 casks wcro offered and 18 per cent. sold. Prices are nominally unchanged. The New Zealand Loan and Mercantile Agency Co., Ltd., have received the following cablegram from London, under date 23rd inst: — Tallow —Wo quote present c.i.f. and e. values for the following descriptions of tallow: —pjno mutton 39s per cwt, good beef 41s per cvtt, mixed 38s 6d per cwt. Market inactive. DAIRY PRODUCE. Dalgety and Co., Ltd., have received the following cablegram from their London office dated November 24th:— Butter —Market slow. We quote Danish fo.b. 1925, for Danish on spot quotations are nominal and high prices asked by owners check business. Finest New Zealand salted 172s to 1765, finest Australian unsalted 184s to 186s, salted 172s to 1765. Cheese —Market firmer. We quote New Zealand white and coloured 100s to 102s, Canadian spot white and coloured 98s to 104s; Canadian c.i.f. 94s to 98s. WOOL. The Department of Agriculture has received the following cablegram dated the 23rd instant, from the High Commissioner for New Zealand, London:—"The wool sales opened yesterday with a large attendance and a good representative catalogue. Competition was active. Merino was principally taken by the Continent and crossbred by the Home trade, with good Bupport from America for suitable lines. Compared with the closing rates of the last series, best merino was par and others 5 per cent, •dearer, ana crossbred (all grades) generally 10 per cent, higher. One hundred and twenty-one thousand bales are available for the series, of which 42,000 are New Zealand. 69,000 Australian, and 4000 South American." E., S. AND A BANK. At the annuai meeting of the English, Scottish, and Australian Bank, Ltd., Mr Andrew Williamson, who presided, referred with satisfaction to the purchase of the Royal Bank of Australia, Ltd., whereby the E.S. and A. Bank had acquired a fine business, which it should he ablo to further profitably develop. Although no further amalgamation was in P ros / pect, the E.S. and A. Bank's steadily expanding business rendered it desirable that the board should be in a position to take advantage of opportunities for expansion as they arrive. Therefore, the board of directors recommend shareholders to empower them to increase the capital of the bank from time to time to £8,000,000, as occasion may arise.

P. AND O. NEW ISSUE. A meeting of shareholders of the Peninsular and Oriental Steam Navigation Company has approved of the issue of new capital to both preferred and deferred shareholders. A recent proposal for an increase in capital provided for the creation of £1,000,000 of additional deferred stock, to be issued at £2OO for each £IOO worth of stock. The directors' intention to make the issue available to both classes of shareholders caused dissatisfaction among some holders of deferred stock.' SALES REPORT. H. Howard, land agent, roports having recently sold the following properties:—On ac. of W. H. Downer to Mr W&stwood, bungalow in Peverill street; on ac. of C. L. Crowley, to Mr Hunt, bungalow, Brett's road; on ac. of H. Burnside to A. Wilson, bungalow, 48 Beresford street; on ac. of client, to R. Osborne, bungalow in Gibbon street; on ao. of Mrs Reid to Mr Grenfell, bungalow, Graham street; on account pf Mr Williams to Mr Storey, bungalow, Lonsdale street; on ac. of Mr Stanley to Mr Whitehead, bungalow in Wairarapa terrace; on ao. of W. J. Wood to Mr Eder, two sections, Peverill street; on ac. of P. Graham and Son to J. P. Cusack, two houses Harman street; ao. J. P. Cusack, valuable section, corner of Totara and Konini streets; on ao. of Mr Fleming to N. Gray, in conjunction with Jones, McCrostie, art bungalow, Straven road; ac. Mr Stanley to Dr. Bradshaw, superior bungalow in Westminster street; on ac. of N. Gray to R S Kent, in conjunction with H G, Livingstone, bungalow in Straven road; on ac. of Mrs Croucher to Mr Hay, two-st. art bungalow, St. Andrew's square; on ac. Mr Hay to Mrs Croucher, freehold general store, stock and plant in Hills road; ao. of Mrs Hatch and Miss Hollow to Mrs E. Livingstone, property in Aldred street; on ao. Mr Hoff to N. Gray in conjunction with Jones, McCrostie, artistic bungalow in Derby strtet; ac. of Mrs Arthur Rhodes, in conjunction with Jones, McCrostie, valuable West End residence to on ao. of Mr Mercer to L. A. Woodward, valuable 5-roomed bungalow, Hagley avenue; ac. of R. Brims to Mr Yardley, Avonside property with bungalow and extensive glasshousos; ao. Mr Yardley to client, bungalow in Peverel street; ac. of Mr Yardley tr> client, valuable shop property corner Riccsrton road and Puriri street; ac. of H. Blakeley to R. B. Beats, valuable Merivale section; ac. of client, new bungalow, 2 Southey street, art to Mr Boddington; ao. of Mr Ullrich to Mr Jones, 2-st. art bungalow, Creyroad; ac. of Mr Britten to Mr Ullrich, section Western terrace; aco. of J. p. Jones, Crossley motor-car; ao. of Mr Ullrich to Mr Britten, bungalow, 43 Taylor's road; ao. of Mr Ullrich to Mr Genet, section em terrace; ac. of Mr Rennie to Mr Ramshaw, new bungalow in Bracken street; ac. of Mr Illingworth and Mr Bond, new bungalow in Searell's road, to Mr Wotherspoon; ac. of Mr Brims to Mr Hooper, farm at Prebbleton; ac. of client to Mr G'Grady, new bungalow, 16 Gibbon street; ac. of Mr Brims to Mr Clarke, 7-roomed house and three sections. Burwood; ac. of Mr L. A. Woodward to Mr Pascoe, T house and two sections, Hagley street; ac. of H. Hay to client. Lakeside Hotel, Moana; ac. ol client to Mr Wallß. 6-roomed bungalow and six glasshouses, 167 Norwood street; ac of Mr Walls to cliont, runerior- bungalow, 9 Warrington street; ac. of Mr Ullrich to Mr Gillard, new bungalow, McKenzie avenue; ac. of McGrath Estate to H. Alston, in conjunction with Farmers' Co-op., 5-roomed bungalow and large section, South Crescent road; ac. of client to Mr Norcliffe, City fruit and confectionery business; ac. J. P. Ctieack, semi-bungalow, Armagh street, City; ac. of Leicester Matson to J. P. Cusack. dwelling. Stanmore road; on ao. of D. Miller and Co., general store at Sefton with all slock and plant as going concern, also having made several valuations for mortgage purposes. This firm finds a ready sale for all properties at present day values. -1

Buye :rs. Sellei re. Buver s. Sellers. Buyers. Sellers. £ s. d. £ s. d. £ e. d. £ s. d. £ 8. d. £ s. ' a. N.Z. GOVT. DEBENTURESih. per cent. Inscribed, 1933 96 10 0 96 17 6 _ 96 15 0 - 4J per cent. Inscribed, 1933 96 10 0 — — — — — 1} per cent. Bonds, 1939 • •• C6 10 0 _ __ 96 12 6 — 5j per cent. Inscribed, 1927-41 !>S 15 0 99 5 0 — — 96 15 0 — 5J per cent. Bonds, ' 1933 101 2 6 101 10 0 101 2 6 : 101 10 0 100 16 0 — 5i per cent. Inscribed, 193G 101 2 6 — 101 2 6 101 10 0 — — 5,i per cent. Bonds, 1936 101 6 0 — 101 5 0 — — — COMPANY DEBENTURESN.Z. Broweries, Bonds 1 3 0 1 3 9 1 3 6 1 s 9 "~ 1 5 3 BANKS— Adolaido 8 11 6 8 14 0 8 12 0 8 15 G — — Aust. of Commerce .. 1 12 6 1 12 9 1 12 8 1 12 10 1 14 0 1 15 0 Australasia 14 12 6 14 16 0 14 12 6 14 13 0 — 14 5 0 Comm of Aust. 1 8 9 1 9 0 1 9 0 1 9 2 — 1 12 6 Comm. of Aust. (pref.) — 7 1 0 — 7 1 (1 6 18 0 — Conim. of Sydney 24 5 0 24 10 0 24 5 0 24 15 0 — — E., S., and A. — 7 13 0 — — — — National of Australasia (£10 paid, cum div.) 17 9 0 17 10 0 17 10 0 17 11 6 — — National of Australasia (i'5 paid, cum div.) 8 13 0 8 13 9 8 13 3 8 14 0 — — National of N.Z. G 17 6 6 18 G 6 15 6 6 17 fl 7 1 6 7 5 0 New South Wales 45 7 6 45 15 0 44 15 0 45 0 0 — — New Zealand (cum div.) 2 19 6 2 19 7 2 19 s 3 0 0 — — New Zealand (Mortgage Shares, £1 paid, cum div.) 1 6 .7 — 1 6 7 — — P. and 0 Bank 10 5 0 — — — — — Queensland National .. Union of Aust. 8 5 14 8 6 0 8 J'O 14 12 0 G 14 3 6 14 6 G 15 3 6 15 5 0 Union of Aust. (new, fully paid) 14 0 0 — — — — — Union of Aust. (new, Jet instalment pd.) 5 18 0 — . — — — — INSURANCE— Mercantile Mutual — 1 7 9 — — 1 5 G 1 G 6 National — ■ 3 18 0. — — ;•» 14 0 3 16 G New Zealand i ia 9 2 0 3 i in 1 — 1 18 0 1 19 1 South British 2 16 G 2 17 0 2 16 6 — 2 10 9 2 17 3 LOAN AND AGENCYDalgoty and Co. 12 10 0 13 1 0 — — 35 12 G 15 17 G Goldsbrough, Mort 2 7 0 2 7 fi 2 7 0 2 7 S 2 9 G 2 10 0 Goldsbrough, Mort (new) 3 5 10 2 6 n 2, 6 1 2 G s — — National Mortgage — 3 12 3. 3 12 0 3 13 6 — — N.Z. Loan and Mer. cantilo (ord. stock, cum div.) 91 0 0 — — — 95 0 0 97 0 0 SHIPPING-Huddart-Parkor 2 S fi — 2 8 0 — — 2 7 6 Huddart-Parkcr (pref.) 1 0 6 — 1 0 G — 1 0 3 — Union (pref.) 1 0 2 — 1 0 0 1 0 5 ~ — FROZEN MEATCanterbury 8 0 0 fi 15 0 B 0 0 8 S 0 7 12 6 9 0 0 Canterbury (Pref.) 4 18 6 5 1 0 — 5 1 6 4 1G 0 4 18 0 N.Z. Rcfrijr. (£1 paid) 0 16 9 0 17 0 0 16 4 0 1G 7 — 0 15 3 N.Z. Rofrig. (aontr.) .. 0 8 2 0 8 3 0 8 0 0 8 3 0 6 6 0 6 13 WOOLLENSKaiapoi (17s paid) 0 8 6 0 9 0 0 8 2 0 8 4 0 10 10 0 11 0 liaiapoi (pret.) 0 13 3 0 14 0 0 12 9 0 13 6 — 0 16 0 Wellington (ord.) 6 6 0 — — — — — GASAuakland 1 2 7 1 3 0 — — — Christchurch .. 1 4 3 1 4 4 1 8 9 — 1 4 3 1 4 5 Ciiristchurck (new, 5s paid) 0 6 G 0 6 8 0 6 i 0 fi 6 — — Tirnaru 1 2 G 1 2 11 — — — — Wellington (ord.) 1 7 0 1 8 0 — — — — BREWERIESCrown 0 12 9 _ _ — — — Monteith's — 1 1 0 — — — — New Zealand .. a o S 2 2 li 2 3 0 2 4 0 2 12 6 2 13 0 Staples 1 1G 3 1 18 0 1 17 6 1 16 0 1 17 0 1 18 0 TIMBEK— Kauri (cum div.) — 1 4 0 1 1 6 1 3 0 1 9 0 — MISCELLANEOUSc Boatli and Co. 1 12 3 — 1 12 4 1 33 0 1 11 6 1 12 6 Burns, Philp 1 16 9 1 17 6 1 16 6 1 17 6 I 18 9 1 10 6 Colonial Sugar 51 5 0 — 53 17 6 — __ D.I.C. (pref.) 1 0 6 1 1 3 — — — — Electro. Zinc (ord.) .. 1 10 7 1 11 0 — 1 11 3 1 15 10 1 16 3 Electro. Zinc (pref.) .. 1 11 6 1 12 0 1 11 11 1 12 3 1 1C 9 1 17 3 Henry Jones Co-op. (oum div.) 1 16 6 1 17 3 1 16 0 1 17 2 — —- Holden's Motors 1 10 0 1 11 9 — 1 13 0 — — Mercantile Finance Corporation (5s paid) .. 0 1 S o' 2 3. — — 0 2 9 0 4 3 N.Z. Drug Co. 3 4 9 — — — 3 10 9 3 12 6 N.Z. Farmers' Co-op. (GJ per cent. Stock, 1930) 76 0 0 — ,76 10 0 — 78 0 0 83 10 0 N.Z. Fanners' Co-op. (6J per cent. Stock, 1935) 75 0 0. — 74 0 0 ' — — — N.Z. Guarantee Corpn. 0 8 10 — 0 8 8 0 8 10 0 10 4 0 10 6 Taranaki Oilfields 0 10 9 0 15 0 — — — —' Whitconibe and Tombs 3 7 fi — 3 7 6 — 3 8 0 8 11 0 Quill,. Morris 1 1 3 1 2 8 — — — — Wairarapa Farmers', (6 per cent, pref.) — 0 15 0 — — — — MININGMt. Lyell (cum div.) .. 1 8 2 1 8 6 1 8 2 1 8 3 . 1 9 2 1 9 6 Waihi 1 1 3 1 2 6 — — ,0 18 6 1 0 0