THE SHARE MARKET.

Dominion, Volume 1, Issue 4, 30 September 1907, Page 7

THE SHARE MARKET.

Brokers-attended .'Change on Saturdayvwitli extensive buying orders, but . the trade'done was limited to a single transaction in investment shares, while two separate sales of Talisman Consolidated were reported. In Bank shares there is no change to record; Nationals are wanted at 5o Bs., but sellers demand a shilling /more.. New Zealands are neglected, dnd are nominally—sellers JBIO, with no declared buyers; the shares can be purchased for less than .£lO. There is an active, demand for all financial shares., Equitable Building shares are' wanted at ,£lO, Metropolitan. Building 'at £12, and Wellington Trust and Loan-at £! Bs. National ; Mortgage shares are. very firm with buyers offering J23 3s.', N.. Z. and River. Plate are in steady! request at 295._6d., and Loan and Mercantile at 6s. Wellington ..Investment shares have been persistently offered-.at 12s. 3d., without attracting .buyers. 1 /Wellington Deposit shares are weak at 10s., sellers. ance" shares show no change whatever as;,-compared with' the'previous day. Nationals are wanted'at 275. 3d., sellers asking 275. Gd.; New Zealands are \ offered at £4 2s. Gd. Gas shares are meeting with good inquiry, but values exhibit no change. Feilding Gas shares are. wanted at 175., Hawera at 225. Gd., Palmerston North at .£7 2s. Gd., and Wellingtons, <£5 paid, at .£9 10s. Meat shares are unchanged, both in the scope of the demand and the : values:' l '/Ther6 are bids of £10-105.' for t Christchurch Meat, 475...f0r Gear Meat, 20s."paid up, •• and £3 ss. Gd; -for Meat Export, £2 . i2sl 6d. paid'.up.,ln. the _ Transport., section th'cw is nothing. 'Manawatu ,Bails continue -to be offered at 425., and there-are' : of -Wellington.. Steam j Ferry shares at 18s. and . 12s. 6d. for the.respective issues. There 'ii a .fair;demand tor Wellington Woollen shares, which show a hardening tendency; .buyers .offer 655., but sellers expect' a half-crown more. --Westflort . Coal shares are wanted at £1 14s ; . aiid . for 6? Gd. paid up, , 7s. is bid. Kauri Timber shares, 15s. paid, are in demand at'7s ; -9d.,' Wcl-' lington Opera House at 25. 10s., and l N.Z. Paper Mills at 235. 6d. A sale of the latter is reported at £1 3s. 7id, which splits the difference in the quo : . tations of buyer and seller. Taranaki Petroleums at 145., but thete are no buyers. : .N.Z. Portland Cement shares are on the market : at 1 BGs., and Manning and Co. Brewery • 'riiares at .fit. In' the mining section. Talismans had/quittance.- at ; 475. 6d., and unless there are some special developments the. market quotations will remain at about 475.'6 d; until after the dividend'' is paid on October 15. Waibis are wanted at £8.105., sellers asking .£B. '125.,...and-'Ngatiawas ' are offered at Is. '.4di ' •

BANE OF,ENGLAND RETURN.

Lounos, September 27. Tho Bank of England return issued for the week ending Wednesday, September 25, is as under:— - -~ /ISSUE. Department. Noto Issue £55,818,000 ~ Gov. debt £11,015,(300 • Other securi- - ties ,' i 7,434,000 ' : Gold ... . 37.360,000 £55,818,000. • £55,818,00° Banking Depabtitest. ' Proprietors' " ' Gov. securi-; 'Sr £14,553,000 ties ... £14,335,0e0 Public do- • ' Othersccanposits ... - 0,30-2,000.: ties SO.nOT.OOO Other de- - ' Notes . ... 20,048,000 posits T. 45,085,000 Coin... • ... 1,391,000 Best, 7-day- , and other bills ' :■■■ ■' -3,84-1,000 ' . _____ ' £7-2,931,000 £72.03-I.OCO The leading items of tho Bank of England return afford the following comparison:—, , 1 ' This weolt. Last week. Last year. £' £ £ Bullion . ... 37,5W,000 37,773,000 32,731,000 Reserve ... 28,030.000 28,757,000 23.351.000 Note circulation 29,170,000 28,828,000 20,001,000 Deposits" 51,537,000 55,582,000 51,543,000 Proportion rescrveto" . - liabilities . . 51.60 51.67 4..53 COLONIAL INSCRIBED STOCKS. The following , are the latest quotations for Consols'and Australasian inscribed stocks', and a comparison with those reported, a, week ago.,

A SHAKE C'f'fi In tho case of narbord v. Drake and others, which came before Mr. Justice Parker on Juno IS, the plaintiff was a . promoter of a company whose articles of association contained provisions that, 011 liquidation talcing; place, the signn-> tnrics of the memorandum' of nssoci.t- ---; tion should liu entitled to 25 per cent, of the surplus assets. Three of tho signatories of tho above-mentioned memorandum were the.defendants. l'Vthe plaintiff-it'was stated that-the defendants were clerks in the employment of W., who was the solicitor t<T tlio promoters of the company. ' On tli? jequest of V/., the defendants signed, tho memorandum and became the legal holders of one .£1 ordinary sharcapiec.;. At or about the time that, they signed the memorandum the defendants wore informed that. the shares were not n present to them. They all signed as a matter of form, because requested to ,\do'So by W. Tsone of them thougnt that he "was investing on his own behalf or to be called on to pay

TT "■ Variations : ■ : Price : • I • Iflfili WOOV. • » £ s. cl. 2* % Imperial Consols ... 82 5 0 6s. higher i~ N S."W. 1503 Jan. July 105 0 0 Unchanged 3* " N.S.W.1918 Mar-So])! 07 0 0 Unchanged 3~ N.SAY. 18-T5 Ai)l.-Oct. 83 0 0 Unchanged 4 Vic. 10-20 Jan.-July ... 10110 0 Unchanged 3l Vic; 10-21-6 Jan. July 03 10 0 Unchanged 3 Vic. 1029-19 Jan. July 87 0 0 Unchanged 3* " S.A.lMlOJan.July- 93 10 0 Unchanged 3" S.A. 1016 Jnn.-July Si 0 0 Unchanged 4 " QTdl0-21-30 Jan.July :01 0 0 Unchanscd 31'. QTiU0-21-30.Tan.July 98 0 0 Unchanged 5 QTdl!>2-2-i7Jan'.Julj' S3 0 0 . Unchanged 4 '' N.Z. 10-20 May-Nov.... 10-5 15. 0 Unchanged 3} N.Z. 1010 Jan.-July.., 09 0 0 Unchanged 3 " N.Z. 1010 Jan. July... 85 0 0 10s. lower 35 " Tas.1920-i0Jan.Jaly 08 0 0 Unchanged 3 " Tas. 192W0 Jail.July SB ■ 0 0 Unchanged ' 3{' \V.A.10-20-:)f>May-Nov 97 10 0 10s. "lover - 3 " WiA. 1015-35 May-Kov 85/ 0 0 Unclianau..