THE STOCK EXCHANGE

New Zealand Times, Volume L, Issue 11423, 20 January 1923, Page 11

THE STOCK EXCHANGE

THREE SALES REPORTED MARKET EASING A EITTE& There wore three sales reported at the Stock Exchange yesterday. Tor the second tune this week Wilson's Cement shares have changed hands, and yesterday's at «£ 1 3s Sd was l>ence above that on the 36th. J&usines* was also done in two lots of gilt-edged securities, namely, Inscribed Stock (1938/ at <£97 ss, end P.O. Inscribed Stock (19ST7) at «£96 13s 6d. Buyers of Inscribed Stock (1930) have hardened their demand by os, making £96 15s, and a seller in these now appears asking for <£o? ss. for War Bonds (1930) have to <£96 los, a rise of'ss, and those maturing in 1933 are still at par P.O. Bonds are'still the same and no sellers are offering on yesterday's list. National Banks, both, buyers and sellers, show no change, while an offer for New Zealand shares is quoted at £2 17s, a drop of sixpence from that appearing on the 18th inst. Sellers have aiso come down ip these and yesterday's quotations showed a drop of sixpence from the previous day and ninepenoe from the quotation of the 18th inst. Last month the general quotation was £2 16s 6d. The banks had a quieter day yesterday and only three remain in the market. Wellington Investment T. and A. are now on sale at 10s 3d, and the price has become slightly easier. Abraham and Williams are still sought after 1 at £3 10s, and this offer, which has stood for several days, has so far failed to entice a teller. Wellington Trust Loans are asked for at threepence .less to-day, and Auckland Gas shares __ are again in demand at .£1 4s* 9d —the sellers' quote on Janvarv 13th. There is no gas stock on the market at present, and buyers are firm with an upward tendency. The tame bids as' yesterday remain in the insurances, and a seller or New* Zealand shares has withdrawn his quotation. Insurances- are not quite as good as last month, when Nationals were ,23 14s, New Zealands £1 3s 3d, South British £1 16s, and Standard £1 13s. Gear Meat shares dropped threepence in buvers price yesterday, but are still high et\£l 17s 9d. against <£l 15s last month. Demands for Adelaide Steamships axe at par, end a little lower than previous quotations. Buyers for Huddart-Parker s hav3 also dropped threepence, making £2 14s 6d, and Unions and P. and O. s are still firm. companies are now receiving much more attention and this is in keeping with recent developments in the dispute. , Money seems to be fairly scarce as far as woollens are concerned, and for the two offors no buvers have come forward. There nave been no bids for this class for two or three days now. The outlook as faras coal shares are concerned is good. ine deman<b ar3 increasing daily and yesterday saw a rise of ninepence m Westport, now <£l 15s 9d, -and sixpence in Waipa 16s 6d. No sellers are yet on, the market. Buyers for Taringamutu Timber are still quoting £1 10s, which is the same as last month. Colonial Sugar shares are still wanted at £o above par, and Howard Smith s_ are sought after at la more. There is little change ir> the ‘'miscellaneous, the only noticeable feature being the sale of Wilson’s Cement. Altogether there seems to he plenty of money about and good demands are failing in many cases to entice holders WELLINGTON EXCHANGE FRIDAY'S QUOTATIONS. (3.15 p.m. Call.)

SALEIS IN OTHER CENTRES. Per Press Association. AUCKLAND, January 19. Sales.—Waihi, 345; Soldiers' Doan, £105; Moanataiari, 3s 3d, 4s. Sales:—War Loan (1927), £97; Harbour Board debentures, 6 p.c., .£105; National Bank, £6 7s 6d; Bank of New Zealand, 57s 3d; Hikurangi Coal, 14s; Auckland Gas, 255; Howard Smith, 50s 6d; Moanataiari, 3s lOd, 3s lid (three parcels). CHRISTCHURCH, January 19. Sales reported.—Now Zealand Eofrigorating Company (20s paid), £1 9s; Christchurch Gas, £B. Sales on 'Change.—Union Bank (cum rliv.), £l4 (four parcels); Christchurch Gas, £8 (two parcols). Sales reported:—GoUl6brough Mort, £2 4s 6d (tivo parcels). DUNEDIN, January 19. Sales on ’Change.—Dominion Eubbor, 20s 6d, 20s.

Buyers. Seller* je «. d. A •. 4 Mining— „ Waihi ..... 1 I 3 3 1 14 3 War Toans — Inscribed Stock (1939) 96 15 0 97 5 0 Inscribed Stock (1938) 96 T5 0 97 5 Inscribed Stock (1933) 100 0 0 « War Bonds (1938) 96 15 0 War Bonds (1933) 100 0 0 P.O. Bonds (1927). 96 10 P.O. Ins. Stock (1927) 96.10 Banks— 6 6 9 6 0 2 17 6 0 *14 1 b Financial— Abraham and Williams (ord.) 3 10 Wn. Investment T. =. 0 0 10 3 Wn. Trust iLoan *5 13 0 — Wn. Deposit and Mortgage 0 10 0 Gas— , Auckland (paid) 1 * 9 _ Wellington (ord.) ... 10 12 6 ■— Wellington (pref.). 0 16 0 Wellington Fractions... 0 5 Insurance— National 3 12 6 3 South British 1 18 0 — 6 Meat Preserving—^ Goar .......4. - 1 17 Wellington Meat Export » (.£3 12s 6d) — Transport— 3 5 6 Adelaide Steam 1 0 0 — Huddart-Parker (ord.) 2 14 6 — Union Steam (prof.)... 0 19 P. and O. Deferred 6 0 Woollen — 0 12 Kaiapoi (cont.) — 9 Wellington (ord.) — 8 17 6 Wellington (pref.) .... — 8 17 8 Coal— Westport 1 13 9 Waipa 9 76 6 — Timber— „„ Leyland O Bnen +1 15 0 Taringamutu 1 10 0 — Miscellaneous - — C. M. Banks (ord.) ... 1 2 6 Colonial Sugar (Aust.) 35 0 0 — Crown Brewery — 2 2 1 3 0 0 Howard Smith 2 10 0 2 11 0 National Electric 1 0 N.Z. Paper Mills (nev 0 issue) 1 3 Wairarapa Farmers’ 0 0 17 (pref.) —- —' s Whitcomb© and Tombs 3 6 0 Wilson's Cement 1 3 0 — •Cum div. fE5x rights. Sales reported. — Wilson's Cement, £1 3s 9d: Inscribed -Stock (193b) «K97 5s; P.U. Inscribed'Stock (1927), J£9f> 12s 6d.