THE SHARE MARKET.

Taranaki Daily News, Volume LII, Issue 199, 27 September 1909, Page 2

THE SHARE MARKET.

WELLINGTON STOCK EXCHANGE. (By Xeiepaph.—Special to 'News'') Wellington, Saturday Njg" 1 - Messrs. R. Woodbouse and Co- report the following sales and dosing l>uvW quotations on the Wellington faibck Exchange:— . ~ . ... a,ilea: Saxon, Is 4d; Waiotahi, as lid; Junctions, £- <Ja M. „ „ liuvers: Kuranui, Is 2d; May Queen, 4s :id; Maoriland, Is; Crowns, (>s »d; Svlvia, 4s 8d; Old Alburnia, Is 1(K ; Saxons, Is 3d; Broken Hills, 2s od; Talisman, £2 16s 3d; Junctions, £2 Us lid; Watchman, 2s 9d.

AUCKLAND STOCK EXCHANGE. Auckland, Saturday Night. Messrs. Eliofct and Waller (K. Woodhouse and Co. local agents) report sales at last call: May Queen, 4s lid, ss; Svlvia, 4& lid; Victoria, Is sd; Waiotahi, 4s lOd to 5s 2d; Consolidated Uoldfields, 209; Old Hauraki, 3a;'Pride ol Tokatea, 9'/ 2 d; Golden Belt (paid-up), Is 2d; Komata Reefs, 8d; Maoriland, 1> 3d; Waihi, £9 14s; Waihi Beach, 7d; Extended, 4s 10i; Junction, 50s 9d; New Waitaia (contributing), Is 2d. •Buyars: May Queen, 4s lOd; Victoria. Is 4d; Sylvia, 4s lOd; Waiotahi, js Waitangi, 3s 7d; Old Hauraki, 2s lid Consolidated Goldfields, 20s; l'ride 1 Tokatea, 9d; Golden Belt, paid-up Is '•> contributing 7 ! Maoriland, ls« 3d: Waihi, £0 14s; "Waihi Beach, 0 1 / ail; Extended, 4s 9d; Junction, st)s lid; Options, 265; New Waitaia, contributing Is 2d, paid-up Is 3d.

Mr. Kettle, S.M., gave his reserved decision at Auckland last Thursday in the case A. J. Canning v. William Gruar, a claim of £137 10s for 500 shares, calls paid, and interest. Defendant, who wall sharebroker and jobber, admitted that he bought shares n ot only for customers but for himself. He admitted that be put the shares of his ilient in his own name, without specifying the numbers of the shares, contrary to section 29 and section 100 of the Companies Act. Defendant also admitted that he had taken transfers in blank, leaving tiic secretary of the company to fill in an* numbers. This, said the Magistrate, was most irregular and dangerous. Da fendant purchased 500 Champion sharas in July, 1008, for plaintiff, at 4s 8d each. Four hundred were numbered, and lnO from himself were, unnumbered. Apparently he held these shares in trust for plaintiff. On Bth October plaint fT instructed defendant to sell at 5s fid and defendant on oth October was offered 5s fld, but he did not aeiept. ll> • fendant steited that he consulted Canning, who withdrew his instructions This plaintiff denied. The Court was not satisfied that such an arrangement took place. On 9th and 10th Octobel defendant sold 500 Champion shares, which, in the Magistrate's opinion, ive i the shares held by defendant in trust for plaintiff. The shares subsequently fell to little value. The Magistrate In' 1 J that the person for whom funds were held in trust in such circumstances w.v entitled to claim the best benefits that could be derived from the transaction. He gave judgment for plaintiff for £133 and damages, to be assessed.