THE SHARE MARKET

Evening Star, Issue 16993, 15 March 1919, Page 5

THE SHARE MARKET

DUNEDIN STOCK EXCHANGE,

THE WEEK'S BUSINESS,

Business has been very good on the Stock Exchanges throughout New Zealand during the week, judging by the sales reported from other centres. The most marked stock is New Zealand Insurance, which continues to rise, the latest sales being recorded at £l2 16s. Other insurance stocks also show a firming tendency, Nationals having buyers up to 74s and Standards at 46s od (ex div.). In banking shares the Union new issue is now closed, and a large number of rights and fractional have changed hands. National Banks have a firming tendency, with sales at £6 10s. _ In finance companies a sharp rise has taken place in National Mortgage, sales being recorded at 965, which is the highest on record. Wright, Stephcnsons, Dalgetys, and Goldsbrough Morts have also had good inquiry at recent rates. N.Z. Drugs continue linn, whilst woollen shares also had good inquiry. Shipping shares are inclined to be a little easier. P. and O.s having sales varying from £393 to £395. Huddart-Parkers have sellers at 41s, with an occasional buyer at 40s. It is reported that the dividend this half is 6 per cent., being an increase of 1 per cent, over last year. Westport Coals remain firm in the vicinity of 31s 6d. Coal and Oils have been unasked 'for. Stockton (ord.) are on offer at 7e lid. D.I.C. have had good inquiry for both issues. Rubber shares are neglected, Dominions being on offer at 30s 6d, with a buyer at 28s. Papuans have had continued sellers at 2s 4d, without attracting buyers. N.Z. Paper Mills have had a good turnover, with sales at 22s 9d, the market closing with buvcrs at 22s 6d and sellers 235. ' Daily Times' arc in strong demand at 555. "Perpetual Trustees are also wanted at 275. In the mining market there has been a fair turnover, but in favor of buyers. All mining shares have dropped on last week's quotations. —Dredging.— Electric—Buy lOd. —Quartz. — Consolidated GokHiekls—Buy 3/. Talisman Consolidated—Soi 8/10. Waihi—Sel 42/. Mount Lyell—Sel 23/3. —I nvestments. National Bank of New Zealand—Buy £6 9/. Union Bank of Australia, Ltd. (£2 10/ paid)— Buy 80/, sel 90/ p. National Insurance Co.—Buy 76/, sol 79/. N.Z. Insurance Co.—Buy £l2, sel £l3. South British Insurance Co.—Buy £7 14/. P. and 0. (deferred stock)— Buy £393, sel £597. „ v Union Steam Ship Co. (pre!.)— Buy 21/2, sel 21/5. Huddart, Parker (ord.)—Sel 40/9. Huddart, Parker (prof.)—Sel 22/., Westport Coal Co.—Sel 32/. Colonial Sugar-Buy £24 5/, sel £24 10/. . D.I.C. 1 (pref.)-Buy 21/. N.Z. Refrigerating Co.—Buy 51/, sel 53/. Mostgiel 'Woollen Factory—Buy 100/. National Mortgage Co.—Buy 95/, sel 100/.' N.Z. Drug Co., Ltd. (£3)— Buy 53/6. N.Z. Drug Co.,' Ltd. (new issue)— 6/6 p. Wilson's Cement (ord.)—Sel 15/1. N.Z. Paper Mills—Buy 22/6, sel 23/. Otago Daily Times—Buy 55/. Perpetual Trustees Co.—Buy 27/. Bruco Woollen Co. —Buy 35/6.