COMMERCE AND MINING

New Zealand Times, Volume L, Issue 11422, 19 January 1923, Page 12

COMMERCE AND MINING

THE STOCK EXCHANGE A QUIET MARKET YESTERDAY THREE SALES REPORTED. “A quiet nimket" was tlie general verdict ol stock brokers yesterday, although two sales v.oie repotted in the morning ami one in tile afternoon. The first two were -Natioiiul Bank shares. In the first ease the buyer purchased at X 6 -7a and in the second a Is higher was realised. Tho other was Eastbourne Ferry Debentures, which were traded at jCIUo! Gift edged securities are still in good demand und bids for Inscribed •stock and War Bonds ale firm. So far out of eight lobs only one sePer is ready to give up Inscribed Stock (1938) for £95 ss, which is »5s higher than the buyers' offerings.' P.O.'s are again w anted at'X36 IDs. but so far nothing of this class is on the market Australasia Bank shares are now in demand at Xl3 7s 6d, which is a drop of Is. Nevertheless ihe price of .£l3 was the quotation for last month. These shares are also on the market at Xl3 12s, while Nationals are also offeied at «£6 9s 6d, an advaice of sixpence. There is also a bid for the latter at .£6 7s 6d, which is Is higher than the previous one which appeared last Saturday. Buyers are again wanting New South Wales shares at X 36. whicn is 15s higher than the last bid on the 11th inst., and 12s Gn higher than last month. Sellers of New Zealand shares have slackened off threepence from the previous day, and are now quoting at X2 18s, against X2 16s 6d last month. The bid of Xl4 for "Union shares has been -withdrawn and the seller has come down Is, making Xl4 4s (cum div.) Financial companies are again receiving fair attention and more buyers were reported yesterday. Buyers for National Mortgage shares have advanced Is, making X 8 12s, ani| there is still a seller»on the market at X 3 15s. Sellers for Wellington Deposit and Mortgage shares have eased off a little, and now ask 10s 3d, while Wellington Gas (i; 101 is wanted at Is more, making jeio 11s. No sellers are coming forward in any of the gas companies. Inond 2s 6d m advance of last month’s Gear shares have again an upward tendency, dne no donbt to the brighter outl<v>k in the disposal of frozen meat. These shares are now sought after at XI 18s, an advance of 3s on last month There is also a seller in these shares wanting JtS Is 9d. Transports are reteiving more attention from the buyers, who ■ are firm in their demands, hut so far nothing has been placed on the market. Westport Coals are a little better and 2s 6d in advance of ’ lost months offering.

WELLINGTON EXCHANGE THURSDAY'S QUOTATIONS. (3.15 p.m. Call.)

Eastbourne Borough Debentures 104 10 0 105 10 a •Cum div. Sales reported.—National Bank, X 6 7s and X 6 8s; Ilastbourne Borough Debentures, XlO5. SALES IN OTHEE CENTRES.

PBB ABZSS ASSOCIATION. AUCKLAND, January 18. Sales—Waihi, 33e, 33s 6d; New Zealand Insurance, 28s 3d; Gisborne Sheep Farmers’, j£loo 10s. Sales;—Soldiers’ Inscribed Btock XIOO 10s; Auckland Gas, 255; Wilson's Cement, 23s 3d; Moanataiori, 3e, 3s Id, 3s 9d. CHKISTCHURCH. January 18. Beported sale: —Goldsbrough Alort and Co., Ltd., 44s 6d. Sales on 'Change : —Canterbury Frozen Meat. Xls ss; New Zealand Eefrigerating (XI paid). XI 8s 9d Sales reported : —Government 4J jnr eent. Bonds (1938), X 97 8s Gd. (1930) X 97 Be; Union Bank (cum div.), Xl4 11s Gd: New Zealand Eefrigerating (XI paid). XI 9» (two parcels); Westport Coal, XI 1 5s 6d; New Zealand Milk Products, XI 2s Gd. DUNEDIN. January 18. Sales on ’Change:—New Zealand Eefrigerating (cont.), 15s Id, 15s 2d; Mount Lyell, 22s 3d. Sales reported:—Goldsbrough Mort, 44s 6d; Kaiapoi Woollen (ord.), 25s Gd. Sales on 'Change: —New Zealand Refrigerating (contributing). 15e; Westport Coal, 3’«. 35s lOd (two tales). Cool, 365, 35s Od (two). Sales reported:—Wilson’s Cement 98s 41d. FOREIGN EXCHANGE RATES Australian and N.Z. Cable Association. (Received January 18. 9.10 p.m.) LONDON, Jannary 17. The following rates on foreign ixchanges are current to-dny:— Paris. 70.50 francs. Berlin. 84.000 marks. New York. 4.64 J dollars.

BoT.rs. Seller*. Jt a. d. M a. i. Minings. 1 12 9 Wat Loan*— Inscribed Stock (1939) 96 10 0 —* Inscribed Stock (1988) 96 10 Inscribed Stock (1933)100 0 0 0 9? * 0 War Bonds (1939) 96 10 0 — Vvar Bonds C1938) 96 10 0 — War Bonds (1983) 100 0 0 — P.O. Bonds (1927) 96 10 0 • P.O. Ins. Stock (1927) 96 10 0 — Banks— Australasia 13 7 6 13 12 6 National 6 7 6 6 9 6 New South Wales 36 0 0 — 2 18 0 Union — •14 4 0 Financial— Abraham and Williams lord.) 8 10 0 — Nafional Mortgage ... 3 12 0 3 15 0 Wn. Trust Loan 3 13 6 — Wn. Deposit and Mort. — 0 10 3 a 12 0 Wellington (JtlO) 10 11 0 Wellington (pref.) Welling’n Debentures 0 16 0 — 05 0 0 — Wellington Fractions.. 0 5 3 — Insurance— National 3 12 6 • Now Zealand 1 8 3 1 8 7 South British 1 18 0 — Standard 1 U 6 — Meat PreservingGear 1 18 0 2 1 9 Wellington Meat Export (JE3 12s 6d) Transport— 2 19 0 S 5 0 Adelaide Steam 1 0 3 Hnddart-Parker (ord ] 2.14 9 — Union Steam (pref.)... 0 19 6 P. and O. Deferred Stock 320 0 0 — Woollen— Katapoi (cent.) T 0 12 9 Wellington (ord.) — 8 17 6 Wellington (pref.) .... — 8 17 6 Coal— Westport 1 13 0 1 16 6 Waipa 0 16 0 — Timber— Taringamutn 1 10 0 — M' «cel 1« n eon 8— C. M. Banka (ord.) ... 1 2 6 : 19 o Dental and Medical... 1 3 0 Howard Smith 2 9 3 2 11 6 National Electric 1 0 0 — 2 15 0 2 15 6 N.Z. Paper Mills 1 3 6 1 5 0 Whitcombe and Tombs 3 6 0 — Wilson’s Cement Wn Racing CInb De 1 3 3 1 3 6 bentnres 106 10 0 —