THE SHARE MARKET

Evening Star, Issue 19658, 10 September 1927, Page 10

THE SHARE MARKET

• DUNEDIN STOCK EXCHANGE. Tiio market Las- been steady during' this week, with ,a fair number of transactions 'going through; / Some of:? 'the .Australian stocks, however, have hid a slight weakening tendency. No sales were effected at this morning’s call. Bank of" New 'South Wales hail a seller last week at £45, and to-day-lithe selling price stood at £44 ss. Bank of New Zealands show no change.. Sales have taken place at 58s and 58s 3d, Commercial Banks moved up during the week, with sales at 28s. This morning the prices were 27s lOd and 29s for buyers and sellers respectively. During the week National Banks had a buyer as high as £6 16s, with very few selling quotes. Union Banks show no change, and sales have been effected at £ls and £ls 10s . , In the insurance section New Zealands are easier, with buyers hovering around the 39s mark. South British shares have firmed slightly, buyers consistently offering 57s 6d. Pc Standards buyers are. offering 60s ex civ., no sellers being" apparent. An casing of P. and 0. Deferred Stock has been evident as a result of the week’s businer:. There Was a seller this morning at £2SO and a buyer at £265. A week ago buyers offered £283. The announcement of a new issue of £1,000,000 worth of deferred stock at a premium of 100 per cent, has been a disappointment to investors, as terms were favorable to shareholders were .expected The Westport Coals market is about the same as last week. For National Mortgages buyers offered 62s 6cl, with sellers quoting at 63s 9d, as against 62s 9d and 65s a week ago.

Auckland Amusement Parks have again advanced during the week, and sales have been reported at 17s fkl for ords. The quotes this morning were 16s 9d and 18s. A seller was willing to part with Dominion Rubbers this morning at 40s; last week the selling quotation was 425. For Milburn Lime and Cements (old issue) buyers are still offering 28s 6d cum div. at a dividend of Is 3d ’per share. The new issue has advanced from buyers at 4s 9d to 5s 3d prom., with sales during the week, at 6s. New Zealand Drugs are on a par with the market last week. Wilson’s Cements have finned during the week, buyers to-day offering 35s 6cl, as against 34s 9d. Sales have < been reported at 365. Quotations in New Zealand Breweries are much the same as last week. Kawaraus had sales during'the week at 6d, and the quotations at this morning’s call were 4d and 9d. Waihis have firmed. It is rumored that the increase in price is caused through buying orders from London. Sales have been reported as high as 21s. Prices for Upper ’ Nevis shares have eased slightly, buyers offering 23s 6d, ■ as against 24s (3d a week ago. Sellers are still at 255. In the Government Loans section there have been persistent buyers of 41- per cent. 1930 Bonds at £97 10s, without response. Quotations as under:— BANKING. Bank of Australasia —Sel'£ls. Bank of New South Wales—Sel £44 5/. Bank of New Zealand—Sel 58/6. Commercial Bank —Buy 27/10, sel 29/. National Bank of-New Zealand—Buy £6 15/. . t> P. and O. Banking Corporation—Buy £9 10/. Union Bank of Australia —Sel £ls 2/6. INSURANCE. New Zealand Insurance Co.—Sel 40/3. ' ■ South British Insurance Co.—Buy 57/6. ■ Standard Insurance Co.—Buy 60/. SHIPPING. Huddart, Parker (ord.)—Sel 47/6. Huddart, Parker (pref.)—Sel 21/. P. and O. Deferred Stock—Buy £265. sel-£2BO. ... r„U.S.S. Co. '(pref.)—Buy 20/, "sel 20/4. 1 COAL. Westport Coal Co.—Buy 33/6, sel Wostport-Stockton (ord.) —Scl 1/10. LOAN AND AGENCY. Dalgety and Co.—Sel £l3 17/6. Goldsbrough, Mort—Sel 45/3. National Mortgage—Buy 62/6, scl 63/9. N.Z. Loan and Mercantile (ord.)— Buy £92. Perpetual Trustees —Buy 61 /, Trustees, Executors—Buy 58/. Wright, Stephenson (pref.)—Sel 16/9. MEAT PRESERVING. Goar’ Meat Co. (ord.)—Buy 37/. N.Z. Refrigerating (cent.) Buy 6/4, sel 6/6. MISCELLANEOUS. Auckland Amusement Park, Ltd. (ord.)— Buy 16/9, sel 38/. Auckland Amusement Park, Ltd. (pref.)—Buy 19/, scl 21/. D.I.C. (pref.)—Buy 20/9. Dominion -Rubber —Sol 40/. Dominion Investments —Buy 22/. Milburu Lime and Cement—Buv 28/6. Milburn Lime and Cement (cont.)— Buy 5/3 prem. Mosgiol Woollen Co.—Buy £6 3/. M'Leod Bros. Soap—Buy £25. National Electric —Sel 13/6. N.Z. Drug Co.—Sel 65/. N.Z. Express (ord.) —Sel 21/. N.Z. Paper Mills—Sel 16/3. N.Z. Sugar of Milk—Sel 22/6 (cum div.). ‘Otago Daily Times’—Sel 76/. Whitcombe and Tombs—Buy 69/. Wilson’s (N.Z.) Cement—Buy 35/6. N.Z. Milk Products Bonds—Buy 22/. BREWERIES. N.Z. Breweries, Ltd.—Buy 44/, scl 45/. N.Z. Breweries Debentures Buv 23/7. MINING. Kawarau—Buy 4d, sel 9d. Nokomai Sluicing (emit.)—Sel 32/6 Waihi—Buy 20/6, sel 22/6. Waihi Grand Junction—Buy 1/2. Electrolytic Zinc (pref.)—Sel 29/. Electrolytic Zinc (def. ord.)—Scl 23/9. Molyneux Electric —Sel 17/6. Mount Isa—Sel 21/. Upper Nevis —Buy 23/6, sel 25/. Big Beach—Sel 20/. WAR BONDS. (Bonds quoted are £IOO Bonds.) 1930 4 V per cent. Bonds—Buy £97 10/. 1933 4) per cent. Bonds—Buy £96. 1939 4i per cent. Bonds—Buy £96. 1933 per cent. S.S. Bonds—Buy £JOO 12/6. 1938 4V per cent. Inscribed—Sel £96 10/. 1939 44 per cent. Inscribed—Scl £96 10/. ” IMPLICIT TEUST AND CON- . FIDENCE. The person or company you appoint to be the trustee of your will must be capable of meriting your implicit trust and confidence. - His character, standing, ability, and record must bo beyond reproach. It is because the “ Trustees, Executors” fulfils these requirements better than anyone else that scores- of successful men have ' appointed this company to be their trustees and executors. The fact that the company has over £3,000,000 in its administration is some evidence of the confidence reposed in it by the owners of valuable estates. Investigation of its record and history, its directorate and management, convinces one that here is the ideal trustee company--capable, experienced, and reliable in. every respect. Tiie Trustees, Executeds, and Agency Co. of N.Z., Ltd., corner Bond and Water streets, Dunedin.—[Advt.]