THE SHAKE MARKET

Otago Daily Times, Issue 16546, 20 November 1915, Page 10

THE SHAKE MARKET

DUNEDIN STOCK EXCHA.NGE. During the early part of the past week business was very quiet on the Dunedin Stock Exchange, but it has improved to some extent latterly, and a moderate number of sales have been recorded daily. The dredging market has again been; quiet, and there has been little movement of any kind. Electrics have had ' buyers on several occasions at 3s, but sellers have held out for 3s 3d, and no business has resulted. The improved returns from the Olrig dredge have been responsible for a few 6igns of life in these shares, and there have been buyers of the preferential issue at lis, without sellers. The ordinary shares have been wanted at 9d, but there has been no better seller than one at Is 3d. A sale was recorded in Rise and Shines at £1 10s on Thursday, and prices for this line have ruled even with those of last week, buyers offering £1 10s, and sellers asking £1 Us 6d. There has been no public business transacted in mining stocks during the week, and this section of the market has been unusually quiet. Roxburgh Amalgamateds (paid) have again been inquired for on several occasions at 2s 6d, but no response has been forthcoming from sellers. Nokomai Hvdraulics have firmed to a slight extent, and there was a buyer on the market yesterday a,t 13s, but no seller. The small Auckland lines have been totally neglected, and have not been quoted throughout the week. Waihis have remaihed practically motionless at last week's rates, the quotations for this line being in the vicinity of £1 17s and £1 17s 9d, buyer and seller respectively. Waihi Grand Junctions have also continued even, the current level of value being about £i 0s 6d (buyer) and £1 Is 6d (seller). Talisman Consolidateds have shown a slight inclination to harden during the latter part of the week,' and buyers were offering 16s 9d yesterday, with sellers holding out for 18s. Mount Lyells have been on offer throughout the week at £1 4s, and Tasmanian Coppers at 5s 3d, but there have been no buyers in either case. Investment stocks have for the most part been even with last week's prices, and it is considered in some quarters that the Government loan has bad a sbghtly steadying effect on a number of lines that have gradually been improving for some months. The amount of business during the week has been small, and on the whole there is little of moment to record. National Banks have been even, with a fairly wide market between buyer and seller. Buyers of Bank of Australasias have hardened slightly, and are now quoted at about £111 7s, without, however, disclosing any sellers. Bank :f New Zealands have failed to show any movement durinsr the week, and there have been sellers of Union Banks at £52, without buyers. There has been a good deal of demand for the four New Zealand insurance company shares during the week, with few srellers. National Insurances were, ex dividend yesterday. and were quoted at £2 .5s 6d ancl £2 6s, buyer and seller respectively. Union Steams have been firm, and buyers of the ordinary issue have been advancing £1 3s 9d, with sellers £1 4s 3d, while the preferential issue has had consistent inquiry at £1 0s 9d, without result. Westport Coals have maintained their recent firmness, and some business has been passing in these shares in the neighbourhood of £1 83 9d. Dominion Rubbers have also continued even with the rates obtaining for some time past, and -the business level of this line has been about £1, at which price sales have been recorded. Business has also taken place jn Milburn Limes at £1 12s 6d. in Perpetual Trustees at £1 2s, and in Cliristchurch Meats at £16 ss. For other lines normal prices have been the rule, and little business appears to have been recorded. The following are yesterday's latest quotations, subject to the usual brokerage:—Dredging Stock#. Electric —Buyers 2s 9d, sellers 3s 3d. Olrig—Buyers 7d, sellers Is 3d. Mining Stocks Roxburgh Amalgamated (paid)— Buyers 2s 6d. Ross Goldfields—Sellers Is 3d. Nokomai Hydraulic—Buyers 13s. Tasmanian Copper—Sellers 5s 3d. Talisman Consolidated—Buyers 16s 9d, sellers 18s.. . . „ Waihi —Sellers £1 17s 9d. Waihi Grand Junction —Sellers £1 Is 6d. Mount Lyell—Sellers £1 4s. Investment Stocks National Bank—Buyers £5. Bank of Australasia —Buyers £111 ss. Bank of New Zealand (old) —Sellers £10 10s. Bank of New Zealand (new) —Sellers £16 10s. Union Bank —Sellers £52. National Insurance, (ex div.) —Buyers £2 5s 6d, sellers £2 6s. Now Zealand Insurance —Buyers £6 os.6d. South British Insurance—Buyers £4 13s 6d. Standard Insurance —Buyers £1 13s 4d. Union Steam Ship Company (ord.)— Buyers £1 3s 9d, sellers £1 4s 3d. Union Steam Ship Company (pref.)— Buvers £1 0s 9d. Westport Coal Comnanv (ex div)— Buyers £1 7s 6d, sellers £1 8s 3d. Taupiri Coal—Sellers 16s. Dominion Rubber —Sellers £1 Is. ' Milburn Lime and Cement (£1) —Buyers £1 12s 3d, sellers £1 13s 3d. New Zealand Drug Company (£2)— Buyers £2 4s 6d. Wright. Stephenson, and Co-, (ord.) — Buvers £7 ss. Cliristchurch Meat Company—Sellers £16 7s. Auckland Electric Trams (ord.)—Sellers £1 0s 6d. AUCKLAND SHARK MARKET. (Per United Preps Association.) AUCKLAND, November 19. The following sale was eflbcted on 'Change to-day:—Talisman Consolidated, 16s 9d. WELLINGTON SHARE MARKET. (Per Phesb Association.l WELLINGTON, November 19. The following Slfcook Exchange sales were reported to-dayßank of New Zealand (new), £16 9s 6d; New Zealand Drug Company, £2 ss. Closing mining quotations were as follow: —Murray's Freehold, sellers £1 4s; Talisman Consolidated, buvers 16s 6d; Waihi. buyers £1 17s; Grand Junction, sellers £1 Is. CHRISTCHURCH SHARE MARKET. The following sale was reported on Thursday :—Huddart-Parker. Shipning Company (pref.). £1 Os lid (not £20 lis as previously stated). LONDON SHARE MARKET. Presp Association—Hv Tnlefrnuh —Copyright LONDON, November 18. | (Received Nov. 19, at 840 p.m.) Waihi —buyers £1 15s, sellers £1 7s 6d; Waihi Grand Junction—buyers 19s 3d, sellers £1 3s.