THE SHARE MARKET.

Otago Daily Times, Issue 16189, 26 September 1914, Page 10

THE SHARE MARKET.

m DUNEDIN STOCK EXCHANGE. A bright tone pervadod the local share market at the beginning of the week, but latterly it has been realised that the war is likely to last for many months, and in. consequence the market has settled down, and during the past three days has been very quiet indeed. A fair margin has separated buyera and sellers, and in tho absenceof anything to cause prices to fluctuate to any extent, very Jittlo business has been transacted. Dredging and sluicing shares have had no business. Nokomai Hydraulics have had inquiry daily up to £1 Is 6d, with no sellers ■under £1 2s 6d. Auckland quartz mining lines have become steadier during tho past few days. Waihis were disposed of at £1 13s on Monday, and had reported business yesterday at £1 12s the market closing at £1 12s 3d and £1 12s 9d. Wailii Grand Junctions have eased from £1 3e and £1 5s 9d on Monday to £1 2a 9d and £1 3s Id yesterday. A s'alo was effected on Wednesday at £1 3s 6cl, Talisman Coneolidatcds-" have displayed little movement throughout the week. Prices have remained in tho vicinity of £1 7s and £1 Bs', buyer and seller respectively. Taking into consideration tho present unsettled state of affairs, the prices of all investment stocks have continued at a very eatisfactory lovej. Buying offers for National Banks have eased slightly to £5, with no sellers under £5 7s. Bank of New Ztalands, both old and new issues, have had firm inquiry up to £10 and £15 respectively, but a wide margin has separated sellers from buyers, and no business has been reoorded or reported. Insurance lines have not como in for so much inquiry as usual. Sellers have been fairly freely quoted, but no business has resulted. Union Steams have shown an upward tendency. Business was reported on Thiu-adv at £1 2s 7d, tho market closing yesterday with sellers at £1 2s 6d. without declared buyers. Tho preferential issue had Inquiry yesterdav at 19s 4d. with sellers raking £1 0s 6d. Buyers of Westport Coal have continued firm trp to £1 9s 6d, with sellers at £1 10s 3d. Sellers of other investment lines havo been quoted fairly freely, but latterly the demand has fallen off somewhat. New Zoaand Paper Mills wero disposed of early in the week at 17s 3d. Sellers have been quoted at 17s 6d, with no declared buyers. Sale reported : —Waihi, £1 12s 4Jd. The following arc yesterday's latest quotations, subject to tho usual brokerage: — Dredging Stocks. Electric—Sellers 3s 3d. Manuherikia—-Buyers &d. MnJTNG Stocks. Roxburgh Amalgamated—Buvers Iβ 9d. Nokomai Hydraulic—Buyers £1 Is 6d, sellers £1 2s 6d. Progress Mines of N.Z. —Buyers Be, sellers 10s od. New Sylvia—Buyers 6d. Waitangi—Buyers Bd. Talisman Consolidated—Sellers £1 Pβ. Waihi—Buyers £112e 3d. sellers f 1 12s 9d. Waihi Grand Junction—Buyers £1 2s Sd, eeliers £1 3s Id. Investment Stocks. National Bank—Buyers £5, sellers £5 7s. Bank of New Zealand (old)— Buyers £9 15s, sellers £10 Bs. Bank of New Zealand (new)— Buyers £15. National Insurance—Sellers £2 10s. N.Z. Insurance—Buyers £5 Be. Standard Insurance—Sellers £1 15s. U.S.S. Co.—Sellers £1 2s 6d. TJ.S.S. Co. (pref.)—Buyers 19s 4d, sellers £1 Os 6d. Westport Coal £1 10s 3d. Westport Stockton —Sellers 3s 3d. National Mortgage Go.—Sellers £3 19s. Auckland Trams—Buyers £1 2s 3d, sellers £1 3s 4d. Milburn Lime and Cement —Sellers £1 Hβ N.Z. Drug Co. (£2)— Sellers £2 5s 3d. N.Z. Paper Mills—Sellers 17s 6d. N.Z. Portland Cement—Sellers 9s 6d. Donaghy's E-opo and Twine—Sellers £1 Es. M'Leod's Soap—Sellers £14. Kauri Timber—Sellers 19s 6d. Whiteombo and Tombs—Buyers £5 Ms, eeliers £6 ss. . Wright, Stephenson—Buvers £6 10s. Wright, Stephenson (ipref.)— Sellers par. May-Otway—Sellers £1 Is 9d. AUCKLAND STOCK EXCHANGE. (Pee United Press Association.) AUCKLAND, September 25. Little business was transacted on tho Ctock Exchange to-day. Waihis were placed at £1 12s 3d and £1 12s 6d, Grand Junctions brought £1 3s, and Talisman Consolidatcds were sold at £1 7s 3d. WELLINGTON STOCK EXCHANGE. (Peb United Peess Association.) WELLINGTON, Septmbcr 25. At the afternoon call on the Stock Exchange a sale of Waihi Grand Junctions was effected at £1 2s 9d. Mining quotations were:—Murray Creek (now), sellers 16s 6d; Boss Goldfields, buyers 9d, sellers Is Id; Talisman Consolidated, sellers £1 7s 9d; Waihi, sellers £1 17s 6d; Grand Junctions, buyera £1 2s 6d, sellers £1 2s 9d. CHEISTCHURCH STOCK EXCHANGE. (Peb United Pbess Association.) CHRISTCHUECH, September 25. Tile following sale was effected on "Change to-day:—Union Steam, £1 2s 6d.