THE SHARE MARKET.

Otago Daily Times, Issue 15986, 31 January 1914, Page 12

THE SHARE MARKET.

DUNEDIN STOCK EXCHANGE. Tho prices of all classes of stocks hav» remained iirm on the local sharo market during the past week. A strong demand has existed for all investment lines, but sellers have been tcarce, and, when quoted, the prices at which they were willing to transact buesiness showed that there was a disinclination to part with their holdings except at their own terms, which in several cases were considerably above buying offers. With tho exception of one or two lines the week's operations have not had much effect on mining stocks, prices generally showing little variation from those recorded at the end of last week. Dredging lines have as usual been very quiet, littlo business being transacted, and few lines being quoted. Electrics have had buyers up to 2a 6d, with, sellers at 3s 6d and 3s 3d. A parcel of Sailors' Bends changed hands on .Monday at 2s, but prices have not been recorded on 'Change. Sellers of Rise and Shines have been offering on most days at £1 10s 6d, with buyers up to £1 5s 6d. Shares were placed on the market yesterday at £1 lUs, but no buying offers were elicited. Rising Suns were offered at £1 2s 6d, and Island Blocks at 2s 6d, but these lines attracted no attention from investors.

In the mining section the larger Thames stocks have been the medium for the bulk of the business transaetod. Waihis were inclined to fluctuate earlier in the week, but during tho last few days they have shown a pleasing firmness. The market opened on Monday at £2 13s 6d and £2 14s 3d, but the demand eased on tho following day to £2 12s, with sellers asking 9d more. Since then, however, prices have steadily hardened, and at the final call-over yesterday the quotations were £2 14s (buyer) and £2 14s 3d (seller). Sales were effected on Tuesdav at £2 12s 9d, and on Wednesday at £2 13 6d, £2 13s 9d, and £2 14. Waihi Grand Junctions have shown little movement, shares being wanted yesterday at tho same price as that recorded at the beginning of the week. Business has been transacted at £1 6s 3d and £1 6s 9d (Tuesday), £1 6s 6d (Thursday), aid £1 6s 6d (two parcels) yesterday, the market closing at £1 6s 6d and £1 6s Bd, buyer and seller respectively. Talisman Consolidateds have had inquiry up to £2 2s 9d, with sellers on most days at ab«ut Is more. A sale was reported on Thursday at £2 3s 3d. The smaller Auckland mining lines have been quoted fairly freely during the week, but little business has been transacted. The demand for Watchman shares, which had buyers a few days ago at 2s Bd, firmed yesterday to 2s lid, but no sellers came forward New Sylvias have been offered at Is, and Saxohs at Is Id, with an occasional buyer of tho latter at lid. Among West Coast lines Rcss Goldfields are somewhat easier than they were at the end of last week Shares were offered at 6s 7d yesterday with a buyer at 6s. Blackwater mines have been for sale at £1 Is and Consolidated Goldfields at 19s, with firm buyers of the latter line up to 17s 3d. Progress Mines have had occasional inquiry at lis, with sellers at 12s 6d and 13s 6d.

The number of 6ulee effected during, the week in investment stocks has been below the average, notwithstanding the firm buying offers recorded for almost ail lines. This is due largely to tho wide margin between buyers and sellers, and the unwillingness of tho latter to do business except at their own pr:ec6. National Banks have been wanted up to £5 5s 6d, with sellers asking 6d more. Buyers of Bank of New Zealand shares advanced from £11 17s on Tuesday to £11 19s on Thursday, but there havo boon no sellers below £12 2s 6d. Insuranco lines have continued in firm demand. Buying, offers for New Zealand Insurances have been recorded up to £5 15 6d, with sellers holding out for £5 17s. A sale was reported yesterday at £5 16s. Business was also reported yesterday in Standard Insurances at £1 13s 3d, with sellers on 'Change at £1 13s 6d, and buyers at £1 12s 9d. A fairly large turnover of Union Steams has been made. Sales of the ordinary issue figure effected yesterday at £1 4s 9d and £1 4s 10s, with further buyers at tho latter figuro and sellers asking Id more. Preference shares met a slightly firmer market in Thursday, when prices were 19s lid (buyer), and £1 (seller). Business was recorded on Wednsday at 19s 9d, on Thursday at 19s lid, and yesterday at 19s lOd. Westport Coals have had buyers, on several occasions at £1 10s, without declared sellers. Kaiapoi Woollens (pref.) have had buyers up to £5 3s, Mosgiel Woollens at £3 lis, and New Zealand Drugs at £2 ss, but sellers of those lines havo remained unquoted. On Monday business was reported in Milburn Limes at £1 lis 6d, with buyers 6ince then at £1 lis 3d and sellers at £1 12s 6d.

Sales: Waihi Grand Junction, £1 6e 6d (two parcels); Union Steam (ord.), £1 4s 9d, £1 4s lOd; Union Steam (pref.), 19s lOd. Sales reported: Standard Insurance, £1 13s 3d; New Zealand Insurance, £5 15s. The following are yesterday's latest quotations, subject to the usual brokerage :• —

Dredging Stocks. Electric—Buyers 2s 3d, sellers 3s 3d, Rise and Snine—Sellers £1 10s.

Mining Stocks. Roxburgh Amalgamated.—Sellers 3s.

lixjes Goldfields—Buyers 6s, sellers 6a 7d Watchman —Buyers 2s lid.

Talisman Consolidated —Sellers £2 3s 9d. Waihi—Buyers £2 14s, sellers £2 14s 3d. Waihi Grand Junction—Buyers £1 6s 6d, sellers £1 6s Bd.

investment Stocks. National Bank—Buyers £5 5s 3d. Bank of New Zealand—Buyers £11 18s. New Zealand Insurance—Buyers £5 15a

6(}Standard Insurance—Sellers £1 13s 6d. Union Steam Ship Co.- (ord.) —Buyers £1 4s lOd, sellers £1 4« Ud.

Union Steam Ship Co. (pref.)—Buyers 19s lOd, sellers £1.

West.port Stockton—Sellers 4s.

New Zealand Coal and Oil —Sellers 3s 9d. National Mortgage Co.—Buyers £4 Os 6d. Perpetual Trustees Co.—Sellers £1 Is 9d. D.I.C. (pref.) —Buyers £1 Is 6d, sellers £1 2s 6d.

Kaiapoi Woollen Co.—Buyers £5 3s 6d. Milburn Limo and Cement —Sellers £1 12s.

Mosgiel Woojlen Factory—Buyers £3 lis. New Zealand Drug Co. (£2) —Buyers £2 4s 9d.

Now Zealand Portland Cement—Sellers 12s 3d.

Otago Daily Times—Buyers £213 a. Donaghy's Rope- and Twine—Sellers £1 5s 6d. M'Leod's Soap—Sellers £14 12s. Wright, Stephenson—Buyers £6 10s. Wright, Stephenson (prei.)—Sellers par. AUCKLAND STOCK EXCHANGE. (Per United Pbess Association.) AUCKLAND, January 30. The following sales were rnado on the Auckland Stock Exchange to-day: —Auckland Gas, £1 9s; Waihi, £2 13s 6d, £2 14s; Talisman Consolidated, £2 ?s bd; Waihi Grand Junction, £1 6s 6d; Taupiri Coal, £1 Is 9d.

WELLINGTON STOCK EXCHANGE. (Peb United Press Association.)

WELLINGTON, January 30. Tho following' sales were made on the Wellington Stock Exchange today:-— Union Steam Ship Company, £1 4s lOd; Waihi, £2 13s 9d. £2 14s, £2 14s 3d; Consolidated Goldlields, 18s. . Tho following sales were reported : —Progress mine, 2s; Ross Reconstructed, 6s 8d; Talisman Consolidated, £2 2s 4jd.

CANTERBURY STOCK EXCHANGE. (Pin Uwinn Press Association.) CHRISTCHURCH, January 30. The following sales wore made on tie Canterbury Stock Exchange to-day: —Bank of New Zealand, £11 18s 6d, £L 1 IBs 9d; New Zealand Insurance, £5 15s; Kaiapoi Woollen, £5 4s 6d.

LONDON STOCK EXCHANGE Press Association —By Telegraph—Copyright.

nON DO'S 1 , January 29. Waihi: Buyeiis, 53s 9d; sellers, 56s 3d. Talisman: Buyers, 43s 3d; sellers, 43s 9d.