THE SHARE MARKET

Evening Star, Issue 19664, 17 September 1927, Page 10

THE SHARE MARKET

DUNEDIN STOCK EXCHANGE. v , ' For a Saturday quotations were fairly brisk this morning Sales were effected in Auckland Amusement Parks at 16s, and a sale of Bank of Australias was reported at £l4 15s. There have been sales during the week at £l4 14s and £l4 15s, while last week there was a sale at £ls. Bank of New South Wales have also eased since last week, sellers asking £46 19s, as against £44 5s a week ago. Bank New Zealands were wanted at 57s 9d, with sellers at 58s 3d. There have been sales during the week at 58s 3d and 58s. Buyers offered £6 15s for National Bank'of New Zealands, with no sellers. Sams have been effected as high as £0 15s during the week. Quotations in tho insurance section were on a par with those of last week. Huddart, Parkers were inquired for at 46s 9d this morning, but were without sellers. Bast week buyers offered £263 lot P. and 0. Deferred Stock, and had sellers at £2BO. This morning, however, sellers offered £270, with no buyers. At a meeting of the P. and 0. Company, held in London, which was called to authorise the increase in the deterred stock, shareholders contended that tho now stock should be issued to deferred .shareholders only and not to holders of preference shares. Lord Tnchcapc, the chairman, pointed out that under the company’s charlei stock must be olfered to both preferred and deferred shareholders. The position appears to be now that deferred shareholders object to preference shareholders participating in tho new increase of capital. The directors will either have to cancel the proposed increase in capital or have the company’s charter amended by Act of Parliament. Westport Coals were wanted at 33s 6d with no sellers quoting. For New Zealand Loan and Mcretui tiles (ord.) buyers offered £92, as against £93 a week ago. A seller of Perpetual Trustees came on the market at 61s. Auckland Amusement Parks Jiavef had a fair amount of business during the week, to-day’s quotes being 15s Del buyers, 16s 3d sellers, with sales at 16s. Buyers offered 28s 6d (ox div.) for Milburn Lime and Cements, as against 28s 6ci cum dividend a week ago. New Zealand Paper Mills finned slightly during the week, buyers offering 16s this morning, without sellers. Investors have the idea that tho new tariff regulations will benefit this company. Waihis have receded during the fast few days, with sales as low as 21s KJd, sellers this morning asking 225, with buyers at 21s 6d. Upper Nevis quotes were the same as last week. Hie contractors have again made a start uopu the erection of tho dredge, and, given a continuance of fine weather, operations should be commenced in' November. Government War Bonds Avcre much the same as last Aveek, again predorointaing in the bond section. Sale reportedßank of Australasia, £l4 15s. Sale on ’Change Auckland Amusement Park (ord.), 16s (two sales). Quotations as under: — BANKING. Bank of Ncav South Wales—Sol £43 10/. Bank of Ncav Zealand —Buy 5 1 /9, sel 58/3. . Commercial Bank —Buy 2 1 j 9, sel 23/3. E.S. arid A. Bank—Sel £7 D/6. National Bank of New Zealand—Buy £6 15/6. National Bank of Australasia—Buy £6 19/. National Bank of Australasia (cont.) —£3 7/. P, and 0. Banking Corporation—Sel £lO. . , Union Bank of Australia—Sel £llß/ (odd parcel). INSURANCE. National Insurance Co.—Buy 7/6, sel 77/6. New Zealand Insurance : C'u.—Buy 39/, sel 39/9. South British Insurance Co,—Sel SS/3. SHIPPING. Huddart, Parker (ord.) —Buy 46/9. Huddart, Parker (prof.)—Buy 20/6, sel 21/. P, and O. Deferred Stock—Sel £270. U.S.S. Co. (prof)—Buy 20/. COAL. Westport Coal Co.—Buy 33/6. Westport-Stockton (ord.)—Sel 1/10. LOAN AND AGENCY. Goldsbrough, Mort—Sel 45/. National Mortgage—Buy 62/G. N.Z. Loan anil Mercantile (ord,)— Buy £93. Perpetual Trustees —Buy 61/. Wright, Stephenson (pref.)—Buy 15/6, sel 16/3. MEAT PRESERVING. Gear Meat Co. (ord.) —Sc! 37/. N.Z. Refrigerating (paid)— Buy 13/6, sel 14/. N.Z. Refrigerating (cont.) Buy 6/4, sol 6/7. MISCELLANEOUS. ’ British Tobacco—Buy 55/3. Bruce Woollen Co.—Buy 8/, sel 10/. D.I.C. (ord.)— Buy 8/9 prein., scl 10/6 prein. Dominion Investment—Buy 22/. Dominion Rubber —Sel 40/. Eclipse Petrol (paid)—Sel 10/, Milburn Lime and Cement—Buv 28/6. Milburn Lime and Cement (cont.) Buy 5/6 prem. Mosgicl Woollen Co.—Bay £6 3/. M'Lcod Bros. Soap—Buy £25. N.Z. Guarantee Corporation—Scl 9/6. N.Z. Paper Mills—Buy 16/. Whitcombo and Tombs—Buy 69/6, sel 71/6. Wilson’s (N.Z.) Cement—Buy 35/6, sel 36/3. N.Z. Milk Products (Bonds) —Buy 22/. BREWERIES. N.Z. BroAveries, Ltd. —Buy 43/6. MINING. Kaivarau—Buy 4d, sel 1/. Waihi—Buy 21/6, scl 22/. Waiiii Grand Junction—Buy 1/, sel 1/1Electrolytic Zinc (prel.)—Buy 30/. Molyncux Electric —Sol 15/. Upper Nevis—Buy 23/6, scl 25/. Big Beach —Scl 20/6. WAR BONDS. (Bonds quoted are £IOO Bonds.) 1930 4) per cent. Bonds—Buy £97 10/. , , 1938 4) per cent. Bonds—Buy £9(3, 1933 5.'.- per cent. S.S. Bonds—Buy £IOO 13/6. 1939 41 per cent, Inscribed—Sol £96 10/. 1927 5 per cent, P.O. InscribedBuy £99. 1929 5 per cent. R.O. Inscribed—Buy £9B 5/. 1936 51 per cent. Bonds.—Buy £IOO 10/. ‘ LOOKING AHEAD. The owner of an estate who looks ahead and rims no risks with the uncertainties of life and the fallibility of the staunchest friends appoints the Trustees, Executors to be executors of his will. By appointing the Trustees, Executors the risk of death, sickness, absence, or indifference of the private trustee is eliminated, and the testator is assured of continuous administration by specialists in trustee business. It gives one a feeling of comfort to knoAv that, come what may, one’s estate will be in the care of capable and reliable hands, and the beneficiaries or dependents will be protected from unreliable trustees. Before making your will consult the Trustees, Executors, and Agency Co., of N Z., Ltd., corner Bond and Water streets, Dunedin. Full information gladly supplied.[AdTtJ