THE SHARE MARKET.

Otago Daily Times, Issue 15820, 19 July 1913, Page 12

THE SHARE MARKET.

DUNEDIN STOCK EXCHANGE. During tho past week on the Dunedin Stock Exchange there has been a. considerably amount of activity in tho mining and investment stock division of the market, sales having been recorded and reported at each sitting at film prices. The late 6nancial stringency has now shown signs of easing. Money has certainly become more plentiful locally, and any good investment scrip offered taken up. A confident feeling has been expressed about the stability of values, and .this 1 probably accounts for the increased amount of business transacted during tho last few day 6. The market for dredging stocks lias shown no improvement The present month is tho middle of the dredging season, but some dredges are still delayed by a high river, and those in operation are, with one exception, on medium or poor ground. During the past few days the Koputai Company has jrono J n t o liquidation, and the directors of other companies are seriously considering the advisability of pursuing a similar course. The directors of the Golden Bed Company have found it necessary to submit reconstruction proposals to tho shareholders with the object of improving tho company's finances. Tho scheme provides for the liquidation of the present company and the registration of a new company with a capital of £2600, consisting of 5200 shares of 10s each. The approval of the scheme will be sought at a special meeting of shareliolders. No business 'whatever has been transacted in dredging stocks during the week. Hartley and Rileys have had occa.sional '• weak buyers at 3s. with sellers asking 6s. Rise and Shines have been offered at £1 14s, with buyers up to £1 12s. There have been sellers of Rising Suns at £1 6s. Manuherikias at 6s, Island Blocks at. 3s 9d, and Sailors' Bends at 4s, but no buyers of any of these lines, have come forward. Owing lo poor returns Electrics have "weakened to 2s, buyers, and 4s sellers. There lias bnen another large turnover of the larger Auckland mining lines, notably Waihis and Wailii Grand Junctions, those-' lines have, subject to considerable fluctuation, for which operations on tho London market havo reported to be responsible. Yesterday's prices, however, for Waihis show practically no variation from Ihoso ruling at the beginning of the week. Sales were effected on Monday at £2 5a (two parcels), and on Tuesday and Wednesday at £2 4s 6d, and sales were reported at £Z 5s 6d' (two parcels). £2 6s at £2 Is 6d, two parcels (Wednesday)," and at £2 4s 9rl, £2 5s (two parcels), and £2 4<s rxl (vecterdav). The ninrket closrd at £2 4s 6d (buyer) and £2 5s Mlorl. As a. result of the week's nnornlintts Wailii Grand Junctions have firmed. Tho market opened on Mondav at £1 (buyers) and £1 Os 9d (sellers). Parcels were sold on tho sarno

day at £1, £1 Os 3d, and £1 fc 4d. and on Wednesday a.t £1 Os 6d, with reported sales at £1 Os 4d and £1 Os 9(1 (Tuesday), two parcels at £1 Os 9d (Wednesday!, mid at £1 Is (yesterday). The market closed with buyers at £1 Os 8d and sellers at £1 is 3d. A firming tendency lias been recorded in Watchman shares, "buyers having advanced from 2s 5d to 2s 3d during the week. Two sales wore reported at 2a sd. Talisman Consolidatexls havo best firm, with selleia at from £2 Is 3d to £2 Cs 6d (yesterday!, and buyers up to SI 19s. Ross Goldfields have been in' demand up to 9a 2d, with sellers at 9s 4d. A sale was reported yesterday at 9s sd. There have been firm intpiiricß during the week for W'aiotahie and New Sylvias. A considerable amount of business lias been transacted in investment stocks, although the market has teen quiet during I'lie last few days. National Banks have had firm buyers' at £5 Ss, without declared sellers. On Wednesday the new j<36uo firmed to £5 2s (buyers) and £5 ?s 6d (sellers). National Banks closed, ex dividend, yesterday with buvere at £5 Is 6d. Union Banks have been for salo at £60. with buyers at £57. Union Steams have cased in price during the week. Buyers were quoted yesterday at £2 2s 9d, with sellers asking "£2 Ss 3d. Business has been reported at trio latter figure. Buyers of National Insurances have offered up to £2 ss, without inducing sellers to come forward. Other-insurance lines have been in demand, but holders seem disinclined to part with shares. Several sales of Kaiapoi Woollens (pref.) have been reported at £5 3s. Buving offers havo been recorded at £5 2s, with sellers at £S 3s 6d. New Zealand Portland Cements have had sellers at 17s, and New Zealand Paper Mills at 16s 6s, without deelured sellers. On Tuesday there was reported business in the latter lino at 16s. Wcstport Coals have firmed a trifle. Tho market closed yesterday with buyers at £1 7s 7d, and sellers at £1 Es

Silos Reported.—Waih', £2 4s 9d £2 5s two parcels), £2 4s 6d; Waihi Grand Juneion, £1 Is; Ross Goldfields, 9s _sd; Weliiiirton Woollen (ordinary), £3 13s fxl. Tho following are yestorday's latest quoations, 6iibject to the usual brokerage:— Dreduixg Stocks, Electric—Buyers 2s, sellers 4s. Hartley and Riley—Buyers 3s. Island Block—Sellers 3s 9d. Manulierikia—Sellers 6s. Rise and Shine—Buyers £1 12s. Rising Sun —Sellers £1 6s. Sailor's Bond—Sellers 4s. Minivg Stocks Roxburgh Amalgamated—Sellers 36 6d. Ross Goldfields—Buyers 9s 2d, sellers 9s

Progress Mines of New Zealand—Buyers < Bs, sellers 9s 6d. , < May Queen—Buyers 3d: t New Sylvia—Buyers Is 2d. Saxon—Buyers 6d. 1 Watchman—Buyers 2s 9d. < Talisman Consolidated—Buyers £1 19s, ; sellers £2 Ots sd. 1 Waihi-Buyers £2 4s 6d, sellers £2 ss. i Waihi Grand Junction—Buyers £1 0s Bd, ! sellers £1 Is 3d. ' Wuiotahi—Buyers Is lOd, Kellers 2s 3d. ( New Waitaia—Buyers k 2d. i Investment Stocks. < National Bank (ex dividend)— Buyers £5 '• Is 6d. ' Bank oi New Zealand-Sellers £10 Its 6d. Union Bank—Buyers £57. ' National Insurance—Buyers £2 ss. ' New Zealand Insurance—Sellers £5 8s 6d. Standard Insurance —Buyers £1 lis. New Zealand Shipping "Comoany—Sellers ■ £16 se. ' _ ; Union Slieam Ship Company—Buyers £2 2s 9d, sellers £2 35.3d. Westport Coal Company—Buyers £1 7s ' 7d, sellers £1 & 2d. ! Wcstport-Stockfon—Buyers 4s. National Mortgage Company—Buyers £3 19s. Perpetual Trustees—Sellers £1 2s 6d. Ijaiapoi "Woollen Company—Sellers £5 3s ' 6d.'. ' Now Zealand Drug Comnany (£2)— Sellers £2 5s 6d. New Zealand Portland Cement—Sellers 17s. Otago Daily Times—Buyers £2 13s. Donaehv's Rope and Twine—Buyers £1 4s. sellers'£l 6s 6d. M'Leod's Soap-Sellers £15. Wright, Stephenson, and Co.—Buyers £5 17s. AUCKLAND STOCK EXCHANGE. (Pee United Press Association.) AUCKLAND; July 18. The following sales were made on tho Auckland Stock Exchange to-day :—Waihi, 44* 6d to 455; Crown, Is 7d; Waterman, 2s 9d. WELLINGTON STOCK EXCHANGE. (Per United Press Association.) WELLINGTON, July 18. Tho following sales -were mad'o on tho Wellington Stock Exchange to-day:— Taupiri Coal, £1 Is 6d; Waihi, £2 5s 3d and £2 4s 9d. Tho sales reported were:— Talisman Consolidated, 39s 6d; Waihi, £2 4s 6d. CANTERBURY STOCK EXCHANGE. (Per United Press Association.) CHRISTCHURCH, July 18. The following sales were made on tho Canterbury Stock Exchange to-day:—Per-manent Investment (Canterbury), £9 ss; New Zealand Standard Insurance, 31s. LONDON SHARE MARKET. Prow Association—By Telegraph—Copyright. LONDON, July 17. Waihi: Buyers, 42s bd; sellers, 43s 9d. Waihi Grand Junction: Buyers, 20s; sellers, 21s.