THE SHARE MARKET.

Otago Daily Times, Issue 15856, 30 August 1913, Page 12

THE SHARE MARKET.

DUNEDIN STOCK EXCHANGE. ' Business on the Duncdin Stock Kxchango during tho past week hus not been quite so brisk as usual, but the prices of tlio majority of stocks quoted havo been well maintained, and in a number of cases a firming tendency has been apparent. _ The dredging market lias been practically inert, and no business has passed in this section of the market for some time. Quotations during the past week have been confined to under half a-dozen lines. Electrics' have been on offer throughout tho week at 4s '6d, without buyers. The selling price of Rise and Shines, which has lately been quoted at £1 12s, lias, in cpnscqucnce. of the small returns reported, declined slightly: Yesterday's market contained u seller at £1 10.1 6d, but buyers remained, unquoted. Island Blocks have been for sale'at 3s 6d, Manuherikias at 3s 6d, and Rising Suns at £1 , 6s, without buyers. There have been.occasional inquiries for] Paetolus scrip at 3s, but sellers did not declare. ... Mining lines have been active during tho week. The demand for Thames stocks has continued at recent prices until the last few days, when a tendency to eaee slightly was noticeable. Waihis have had sellers at from £2 7s 3d to £2 Bs, 3d, with buyers up to £2 7s 6d, business being transacted at tho latter price on Wcdnesady. Wajhi Grand Junctions opened on Monday at £1 2s (buyers), and £1 2s 3d (sellers). During the weok sales wcro effected at £1 Is lid, and the market closod yesterday with buying offers at £1 Is 6d and sellers at £1 2s. Prices of Talisman Consolidatods have slightly but steadily declined during the week. No gales have been recorded or reported in this.stock, and yesterday's elosin" quotations were £2 Is and £2 2s 3d, buyer and sollcr respectively. There has been a very strong demand lor Hoes Goldfields, and a fairly largo turnover of tliia stock at Grm prices. Affairs at tho mine are oonsidorcd to be in a very satisfactory

state, and .the manager _ reported a few days ago that it was anticipated that active operations would be in progress in the Cas'eius section of the mine in" about seven weeks; O'n Monday sales took place at 12s Id, 12s 2d (two parcels), and 12s 3d. Further lots changed hands, on' Wednesday at 12s 4d and 12s sd, and prices reached their highest point during the week on Thursday, when buyers offered 14s, with sellers at 14s 9d. The market closed somewhat easier yesterday at 12s 6d (buyers) and 13s 6d (sellers). Roxburgh Amalga'm.iteds have been for sale at from 3s 6'd.to 3s 3d, and Muddy Terraces at 15s, but the market has lacked buyers of these lines. There was a seller yesterday of Progress Mines at 9s, with a buyer earlier in tho week quoted at 7s 9d., New Sylvias have been offered at :Is 3d,' without result. Other small Auckland lines have been in demand and on offer during the week, but only a small amount of business has been effected.

The business transacted in investment stocks shows a falling off from that of the previous week, but prices have remained firm, and in some casts an advance has been made. National Banks were wanted at £5 6s, until yesterday, when buyers advanced to £5 6s 6d but holders declined to quit under £5 Bs. A parcel changed hands on Tuesday at £5 6s 6d. Bank of New Zealands have had buyers at £10 10s, without sellers. Tho demand for National Insurances firmed during the week to £2 7s 3d, with a seller quoted yesterday at £2 8s 6d.' Standard Insurances, which were ex dividend on Monday, have had sellers at £1" 12s 3d, but no buyers have been quoted. Union Steams have been subject to slight fluctuation, but yesterday's quo-tations-showed little variation from those made at the beginning of tho week. Sales took- place on Monday at £2 4s 6d, on Thursday at £2 4s (two parcels), and yesterday, 'business was reported at £2 4s, the market closing at £2 4s and £2 4s 3d, buyer and seller respectively. Sellers of Wcstport Coals have been quoted at £1 8s 9d and £1 9s, with buyers offering up to £1 8s 3d. National Mortgages have had firm buyers up to £3 19s 6d, but no sellers havecomo forward. Milburn Limes have had firm inquiry at £110s 9d, with a seller in the market yesterday at £1. i3s. New Zealand Drugs have been in demand at £2 ss, and New Zealand Papor Mills at 16s 6d, but no sellers have appeared. Sale reported: Union Steam, £2 4s. Tho following are yesterday's latest quotations, subject to the usual brokorago:—

Dbeduino Stocks Electric—Sellers 4s 6d. Hartley and Riley-Buyers 2s, sellers 6s 6d. Pactolus—Buyers 3s; Rise and Shine—Sellers £1 lis. Rising Sun-Sellers £1 6s. Mining Stocks. Muddy Terrace-Sellers 15s. Roxburgh Amalgamated—Sellers 3s 3d. Ross Goldfields—Buyers 12s sd, sellers 13s 6d, Nokomai Hydraulic-Buyers £1 Is. Consolidated Goldfields-Buyers 12s; 6d. Progress Mines of New Zealand—Sellers 9s. Now Sylvia—Sellers Is 3d. Old Hauraki—Sellors 3d. Saxon-Buyers 6d, sellers 9d. Watchman-Sellers ss. Talisman Consolidated—Buyers £2 Is, sellors £2 2s 3d. ■ '~ ' Waihi-Buyers £2 7s, sellers £2 7s 6d. Waihi Grand Junction—Buyors £1 Is 6d, sellers £1 2s. ' • , ' Investment Stocks. National Bonk-Buycrs £5 6s fcd, sellers Bank of New Zealand-Buyers £10 10s. National Insurance—Buyers £2 7s 3d, sellers £2 Ss 6d. South British Insurance-Buyers ba lbs. Standard Insurance-Sellers £1 12s 3d. Union Steam Ship Co.-£2 4s, sellers £2 4s 3d - Westport Coal Co.-Buycrs £1 3s 3d, sellers £1 8s 9d. , „ ■ '„, ,„ National Mortgago Co-Buyers bi 19s Perpetual Trustees Co-Sellers- £1 2s 9d. Dominion Rubber—Sellers £1 Is. D.I.C. (prcM-Scllera £1 2s 3d. ■. Milburn Lime and Cement—Buyers £1 10s 9d, sellers £1 13s. ' Mosgiel Woollen Factory—Buyers £3 10s 6d, sellers £3 12s. „■ . .„ New Zealand Drug Co. (£2)-Buyers £2 5s Now Zealand Paper Mills-Buyers 16s

New Zealand Portland Cementr-Sellera 17s. . Otago Daily Times—Buyors £2 13s. Donaghy's 'Rope and Twine—Sellers £1 5s 9d, Wright, Stephenson—Buyers £6 3s. AUCKLAND STOCK EXCHANGE. (Per United Press Association.) AUCKLAND, August 19. The following sales were made on the Auckland Stock Exchange to-day :-Ross Goldfields, 14s 3d to 13s Bd. WELLINGTON STOCK EXCHANGE. (Per United Pbess Association.) -WELLINGTON, August 29. The following sales were made on the, Wellington Stock Exchango to-day:—West-port-Stockton, 3s lid; Ross Goidliclds, 13s 94 CANTERBURY STOCK feXCHANGE. (Per United Press Association,) CHRISTCHURCH. August 29.

The follov.-ing sale was made on the Canterbury Stock Exchange to-day:—Christ-ohurch Building Society, £11 15s.