THE SHARE MARKET

Evening Star, Issue 19616, 23 July 1927, Page 10

THE SHARE MARKET

DUNEDIN STOCK EXCHANGE. Generally speaking-the market this week lias been quiet, although a fair amount of business has been recorded. The banks section has been steady, but among the insurance shares there has been a sharp advance in Nationals, which closed this week with buyers offering 765, no seller coming forward. In the shipping circle a marked improvement in the prices of P. and 0. Deferred Stock was in evidence, doubtlessly in sympathy "with the Home market i where business has been transacted up to £1292. Colonial Sugars have also improved during the week, and there are plenty of buyers at £52 10s. with no declared seller. New Zealand Drugs have finned, the quotations closing this week at 64s buyers, Cos sellers. The mining section has been quiet, with the exception that Waihis have risen considerably. The market in Government Bonds and Inscribed finished firm. A. local stockbroker states that there lias been a considerable rise during the last few days in the London metal market. ' Spot copper has gone up from £63 18s to £55 12s. Lead has advanced from £22 16s to £24 7s 6d. Spelter has advanced from £27 ]7s 6d to £2B 15s: tin from £286 Ss 9d to £2BB 12s 6d; ami silver from 25|d to 26 l-16d per ounce. Quotations as under:— BANKING. Bank of New South Wales —Sel £45 I°/. Bank of New Zealand—Buy SS/3, sel .58/9. Bank of New Zealand D (paid)—Buy 26/. Commercialßaiik—Buy 29/, sel 29/4. Commercial Bank (new) —Buy- §/ prem., sel 9/ prem. E.S. and A. Bank—Sel £8 4/. B. and A. Bank (rights)—Bur 29/3, sel 32/. National Bank of New Zealand—Scl £6 17/. Union Bank of Australia—Sel £ls 13/ INSURANCE. National Insurance Co.—Buy 76/. New Zealand Insurance Co. Buy 39/, sel 39/9. South British Insurance Co.—Scl 58/6. Standard Insurance Co.—Buy 59/, sel ,61/. SHIPPING. Burns, Philp—Sel 40/. Howard Smith—Buy 30/4. ITuddart, Parker (ord.) —Buy 47/3. Hnddart, Parker (prof.)—Bnv 20/9, sel 21/3. P. and 0. Deferred Stock—Buy £275, sel £287. COAL. Taupiri Coal (ord.)—Buy 24/. Westport Coal Co.—Sel 33/9. Westport-Stockton (ord.) —Sel 2/.

LOAN AND AGENCY. Dalgety and Co.—Sel £l3 15/. Dalgety and Co. (new)—Sel 70/ prem. Goldsbrongh, Mort—Sel 48/. Goklsbrongh, Mort (right*;)—Buy 8/3. National Mortgage—Sel 66/. N.Z. Loan and Mercantile lord.) —Bnv £92. Perpetual Trustees—Buy 01/. Trustees, Executors—Sel 61/. Wright, Stephenson (pref.)—Bin 16/. MEAT PRESERVING. Now Zealand Refrigeiating (paid)— Buy 14/8, sel 15/3. Now Zealand Refrigerating (cont.) Buy 6/, sel 6/1. MISCELLANEOUS. Auckland - Amusement Park. Ltd (ord.)— Buy 11/, sol 12/. Auckland Amusement Park, Ltd. (prof.)—Buy 16/, sel 21/. Brown, Ewing (prof.) —Buy 20/3. Colonial Sugar Co.— Buy £52 JO/. D.I.C. (pref.)—Buy 20/9. Dominion Rubber—Sel 35/. Eel ipso _ Petrol (paid)—Sei 10/6. Kaiapoi Woollen (ord.) —Buy 21/, Milhurii Lime and Cement (now) Sel 3 14. Dlosgiel Woollen Co.—Buy £6 3/. National Electric—Buy 12/9. N.Z Drug (o—Buy 61/, sel 65/. N.Z. Paper Mills—Buy 16/. sel 17/. ‘ Otago Daily Times ’ —Sel 78/. Taranaki Oil—Buy 7/. Wilson’s (N.Z.) Cement—Buv 31/. sel 35 /. N.Z. Milk Products (bends)—Buv 21/. BREWERIES. Manning’s Brewery—Buy IS/C. N.Z. Breweries, Ltd.—Buv 44/, sel 40/. N.Z. Breweries Debentures.—Buy 23/3, sel 24/. MINING. Nawarau--Buy 1/, sol 1/1. Nokomai Sluicing (eont.)— Sel 33/. Waihi—Buy 19/. Waihi Grand Junction—Buy 1/3. Mount Lyell—Sel 28/6. Kawaran High Level—Sel 16/. Molyncux Electric—Buv ][)/, so] 20/6. Mount Isa—Sel 26/6, Upper Nevis—Buy 22/9, sel 23/G. WAR BONDS. (Bunds quoted arc £IOO Bonds.) 1930 4-4 per cent. Bonds—Buy £97 7/u. 1938 4; per cent. Bends—Sel £97 1938 4 1 per cont. Inscribed—Sci £97.1939 per cent. Inscribed—Sel £97. 1933 5.’. per cont. S.S. Inscribed—Sol £lOl 5/.' 1927 5 per cent. P.O. Bonds—Buy £99 5/. 1927 5 per cont. P.O. Inscribed—Buy £99. 1929 5 per cent. P.O. Inscribed—Buy £93.