CHRISTCHURCH STOCK EXCHANGE.

Press, Volume LXIII, Issue 19177, 7 December 1927, Page 12

CHRISTCHURCH STOCK EXCHANGE.

There was a good turnover on call yesterday most transactions being at slightly advanced pricea. The only section that waa neglected' was the shipping, the strike in Australia no doubt being responsible for the dullness oi the market. In the stock and bond market, sellers were a-rain scarce, none of the 34 per cent, issues being olfered. £IOOO of Christchurch City Council 4J per cent, debentures were sold at £6O, the return at that price being A'o lis 9d per cent. Oamaru Borough Council oi per cent. 1944 debentures were offered at i-iOu 7s 6d. Glaxo CJ per cent. 1946 wero wanted at £9l, but aeliere did not quote. In the banking section, Commercial Banking Company ot Sydney were firmer, and buyers otfered £24 l<b without any sellers bidding Bank of New South Wales were fractionally firmer, five changing hands at £45 2s Bd. and more were wanted, at that price, sellers offering at £45 ss. Bank of Xew Zealand rose slightly to buyers 59s Id, sellers 59s 4d, tho market being firm, and displaving a hardening tendency. Lmon Bank were quoted for old shares, buyers £l4 10s, sellers £l4 13s, the quotw being oil a parity with recent prices. The new shares, first instalment paid, declined a little, and - 20 changed hands at £5 18s. This did not exhaust the market, more being offered at that price, buyers bidding £o 17«. .tor the new fully-paid £l4 2s was offered by buyers without attracting sellers. In tlie miscellaneous investment section, National Insurance of New Zealand, Ltd., had some attention • at slightly firmer prices, 350 at 15s 7d and 200 at 15s 8d were turned ore r, market closing buyers 15s Bd, sellers 15s lOd. One hundred and fifty South British Insurance were bought at 57s 3d, the market closing firm with further buyors at .>7s, no sellers. New Zealand Refrigerating Company were firm'; 200 ot tho 10a paid shares changing hands at Ps 9d. One hundred anu fifty Christchurch Gas Company shares were sold at 24s Sd, an advance of Id on last recorded business. The market is firm, with buyers 24s 7d, sellers 255. New Zealand Brewery Company had salee of 50 at 41s lOd and 50 at 455, being Id and 3d higher than late business on Monday. The closing quotes were buyers 44s 9d, sellers 45h 3d. Wilson Portland Cement entered the buying list at 36s 9d, but sellers declined to offer. The market is firm, and has displayed a distinct hardening tendency recently. Buyers continue to increase their limits for New Zealand Drugs, offering 66s 7d without sellers. One hundred Quill, Morris were sold at 21s 6d, a decline of 3d on last recorded business. Sellers offered further at 22s 6d, no buyers quoting-. Mt. Lyell were firm, and 100 changed hands at 28s 6d, market closing buyers CSs 4d, sellers 28s 6d.

YESTERDAY'S TRANSACTIONS.

Sales on 'Change—Bank of New South Wales, £46 2s 6d; Union Bank (new, first inotalment paid), £5 18s; National Insurance, 15a 7d (two parcels), ISs 8d (two parcels); N.Z. Refrig. (contr.), 8s 9d (two parcels); Christcliurch Gas, 24s 8d; N.Z. Breweries, 455, 44s lOd; Sit. Lyell (oum div.), 28s 6d. Sales reported—Christohurcii City 4i per cent., 1946, £66; Bank of New South "Wales, £45 Ss; South British Insurance, 57s 3d; Cliristchurch Gas, 24e lOd; Wellington Gas, Q7b 6d; Staplos Brewery, 38s; British Tobacco, 53e Sd; Quill, Morris, 21s 6d.

OTHER EXCHANGES. (PBBSS maocuTiox TILXOBJLVB.) AUCKLAND, December 6. Sales:—War Loan, 1941, 4J per cent., £96 12s 6d; Inscribed Stock, 1927-41, 5J per cent., £99; Bank of New South Wales, £45 ss, £45 2s 6d; South British Insurance, 57s 3d; Auckland Gas (con.), 16s lOd; Kaiapoi Woollen, 8s 9d; Amusement Park (pref.), 19s 3d; New Zealand Refrigerating (con.), 8s BJd; Wilsons Portland Cement, 375; Alburnia. Is lid; New Waiotahi (con.), 6Jd; Occidental Una United (eon.), Is 8d; Waihi, 22s Gdt WELLINGTON, December 6. Sales—Huddart-Packer (ord.), 46s 3d. Sales reported—National Bank of New Zealand, £6 17s; Bani of New Zealand, DUNEDIN, December C. Sale —Waihi, £2 2s 3d. Sales Reported—Mount Lyell, 28g 7d; National Bank of New Zealand, £6 17s; Dal* gety and Co., £lB 2i.

LATEST QUOTATIONS , Buyers Sellers. £ s. d. £ a. d. N.Z. GOVT. DEBENTURES— 4J per cent. Inscribed, 1933 96 15 0 97 0 0 H per cent. Bonds, 1930 98 2 6 — 44 per cent.- Bonds, 1938 96 15 0 — 4£ per cent. Bonds, 1939 96 12 6 97 0 0 S per cent. Inscribed, 1929 98 16 0 — SJ per cent. Inscribed, 1927-41 .. •■ 98 12 6 99 2 6 5J per cent. Inscribed, 1933 101 2 6 — 54 per cent. Bonds, 1933 101 6 0 — 54 per cent. Inscribed, and Bonds, 1936 .. 101 5 0 — OTHER DEBENTURESOamaru Borough, 6J per cent., 1!M4 99 0 0 100 7 6 Ohristchurch City, 44 per cent.. 5946 86 0 0 86 10 0 Ohristchurch City, 5| par cent., 1940 09 0 0 — . N.Z. Breweries, Bonds 1 3 3 13 8 Booth, Macdonald, 64 per cent., 1932 — 67 10 0 Glaxo, 6| p«r cent.. 1945 91 0 0 — N.Z. Mift Products, 8 per oent., 1936 BANKS1 1 8 — Adolaide 8 32 0 8 14 0 Aust. of Commerce 1 12 3 1 12 7 Australasia 14 7 6 14 14 0 Comm. of Aust. 1 9 1 19 2 Coram, of Aust. (pref.) 6 19 0 7 0 0 Comm. of Sydney 24 10 0 — E., S., and A. — 7 12 9 National of Australasia ,' (£10 paid) 16 17 6 16 19 0 National of Australasia (£5 paid) .. National of N.Z. ' ... 5 7 0 6 16 6 8 7 6 6 17 6 Now South Wales 45 2 6 45 5 0 New Zealand .. 2 19 1 2 19 4 Union of Aust. 14 10 0 14 13 0 Union of Aust. (new, 1st instalment paid) S 17 0 6 18 6 Union of Aust, (new, fully-paid) 14 2 0 — INSURANCE- » Mercantile Mutual — 1 7 6 National 0 15 8 0 15 30 New Zealand .. .. 1 19 9 2 0 3 South British .. 2 17 0 2 17 3 Standard 8 16 3 3 6 (LOAN AND AGENCYDalgety and Co. 13 1 0 18 2 6 Goldsbrough, Mort (cum , div.) :. — 2 7 6 Goldflbrough, Mort (new) ' — 2 6 6 National Mortgage 8 10 0 3 12 6 N.Z. Loan and Mercantile (ord stock, cum div.) 94 IS 0 % 0 0 Union (pref.) 10 3 — FROZEN MEATCanterbury (cum Air.) 8 S 0 — Gear — 2 0 0 N.Z. Refrig. (£1 paid) 0 18 0 0 18 6 N.Z. Refrig. (contr.) .. 0 8 8 0 8 9 Wellington 0 8 6 — WOOLLENSKaiapoi (17s paid) 0 6 6 0 8 10 COALWestport ►, ». 1 11 » 1 12 8 GAS- » Auckland 18 0 Christchurcli 1 4 7 16 0 Ohristchurch (new, 5s paid) 0 6 6 0 6 8 Timaru — 18 0 Wellington — 17 7 BREWERIES— Carlton .. ' ... — 2 7 3 .New Zealand .. •■ 2 4 9 2 6 3 Staples 1 17 9 1 18 3 Timaru .- -t — 0 16 6 Ward 1 13 6 1 17 0 White Star — 10 0 Tooths 3 3 5 2 4 4 CEMENTSMirbtim Lime (10s paid) 0 18 0 — Wilson's 1 16 9 MISCKLLANEOUSBeath and Co. 1 32 3 1 13 0 British. Tobacco 2 12 11 2 13 3 Burns, Philp 1 17 0 1 17 6 Colonial Sugar 54 7 6 54 17 6 Electro. Zinc (ord.) .. 1 10 0 1 11 0 Electro. Zino (pref.) .. — 1 12 0 Mason, Struthers (14s paid) — 0 14 3 Mason, Struthers (10s paid) ' .. — 0 10 0 N.Z. Drug Co. 3 6 7 — N.Z. Farmers' Co-op. (1st pref.) 2 15 0 — N.Z. Farmers' Co-op, (pref. re div. only) 1 5 0 N.Z. Guarantee Corpn. 0 8 10 0 9 0 Sanford, Ltd. 0 19 0 1 0 0 Taranaki Oilfields 0 11 3 Victoria Nyanza Sugar 2 9 6 — Whitcombe and Tombs 3 7 6 — Quill, Morris 1 1 3' 1 2 6 N.Z. Malay Rubber .. 1 15 0 2 5 0 Dominion Investments 12 9 MININGMt. Lyell (cam div.) 18 4 18 7 Waihi 12 0 1 2 6