THE SHARE MARKET.

Otago Daily Times, Issue 17532, 25 January 1919, Page 10

THE SHARE MARKET.

DUNEDIN STOCK EXCHANGE. Business has proceeded along- normal lines on the Dunedin Stock Exchange during the week,.and on most days a number of transactions have been recorded, particularly in investment stocks. Dredging lines have been practically without inquiry, the exception being Electrics, for which Is has been offered several times without result. In the mining stock market Talisman Consolidateds have remained even all the week, prices ranging in tho vicinity of 9s 6d and 10s 6d, buyer and seller respectively. Waihis and Waihi Grand Junctions have shown no fluctuations, and there appears to be a small amount of business doing in each of these lines. A sale was made in Mount Lyells on Thursday at £1 ss, and there were further sellers of these shares yesterdaj at £1 5s 3d, with buyers offering £1 4s. In the investment stock market National Banks continue fairly firm, and buyers have been offering £6 9s, -with sellers at £6 103. Both issues of Bank of New Zealand have come in for a good deal of inquiry, and occasionally the quotations have given some promise of business. Fairly firm prices continue to rule for each of the four insurance stocks listed, and there have been more buyers on the market than sellers. Two 6ales took place yesterday of P. and 0. deferred stock at £403, and the final quotations for the day revealed bnyers and sellers within measurable distance of each other, the former offering £403 10s and the latter asking £406. Huddart-Parkers, after easing to some extent, have shown a slight tendency to firm towards the end of tho week. Sales took place in this line at £1 16s 6d, but yesterday buyers were offering £1 17s, with sellers holding out for £1 17s 6d. Westport Coale continue to be quoted at prices about even with recent rates, and with a comparatively small margin between buyer and seller, indicating the probability of some business. Sales have been effected during the week at £1 12s for Dominion Rubbers and £1 15s for Milburn Lime and Cements, and both of these lines seem to have hardened slightly during the last day or two On Friday a parcel of N.Z. RefrigeratingCompany shares changed hands at £2 10s 3d, and yesterday there was a further buyer at £2 10s 6d and a seller at £2 11s. A number of other lines have been in steady demand throughout the week, with good prospects of business, but there have been comparatively few sellers coming forward On the whole, a quite buoyant tone has pervaded the market, especially towards the latter end of the week. Sales: P. and O. (deferred stock), £403 (two sales; N.Z. Refrigerating Cα, £2 10s 6d. i The following are yesterday's latest quota tions, subject to the usual brokerage: Dbedging Stocks. ' Electric—j-Buyers Is. : Mining Stocks. Progress Mines of N.Z.—Buyers 3s 9d. Talisman Consolidated—Buyers 9s 6d sellers 10s 6d. ' Waihj—Sellers £2 ss. Waihi Grand Junction—Buyers 12s 6d sel lers 12s lid. ' Mount Lyell—Buyers £1 4s, sellers £1 5s 3d. Tnvestscwt Stocks. National Bank—Buyers £6 9s. Bank of N.Z. (£6 13s 4d paidi—Buvers £17 17s, sellora £13 Za. P ' yOTS

! Bank of N.Z. (£3 6s 8d paid)— Buyers £13 ss. National Insurance—Buyers £3 7s 3d. N.Z. Insurance—Buyers £11 4s, sellers £11 7s 6d. Standard Insurance—Biiyers £2 63. Union Stoam (pref.)—Buyers £1 Iβ.' Huddart-Parkor (ord.)—Buyers £1 17s, sellers £1 17s 6d. Westport Coal Co.—Buyers £1 Us 4d, sellers £1 lls Bd. Wcstport-Stockton (ord.) —Buyers 8a 6d, sellers 9s.

N.Z. Coal and Oil—Buyers 33, sellers 3s 6d.

D.1.0. (ord.) —Buyers 9d prero. D.I.C. (pref.)—Buyers £1 Os 6d, sellers £1 Is.

Dominion Rubber Co.—Sellers £1 I*3. N.Z. Refrigerating Co. (£2 paid)— Buyers £2 10s 6d, sellers £2 lls. Milburn Lime and- Cement—Buyers £1 14s 9d, sellers £1 15s 6d. Mosgiel Woollen Factory—Buyers £A 14s. National Mortgage—Buyers £4 Bs. N.Z. Drug Co. (£2 paid)— Buyers £2 12s

N.Z. Portland Cement (ord.)—Buyers 14a 6d, sellers 15s. N.Z. Paper Milb—Buyers £1 Is 6d, sellers £1 2s 3d. Otago Daily Times—Buyers £2 13s 6d. Perpetual Trustees—Buyers £1 6s 6d. P. and 0. (deferred stock)— Buyers £403 10s, sellers £406. Whitcombe and Tombs—Buyers £6 2s 6d. Wright, Stephenson, and Co. (ord.) — Buyers £8 Is.

Sugar of Milk—Buyers £1 14s, sellers £1 16s 9d. Central Otago Preserves—Buyers £1 4s.

LONDON STOCK EXCHANGE. WAR BONDS ISSUE.

Prea» Association—By Telegraph— Copyright. LONDON, January 21. There are many criticisms on the Stock Exchange over the new issue of war bonds, it being considered that the rate of interest they carry is at least 50 por cent, too high. Some talk of a breach of faith in making the new issue practically the same as the old, after tho public had been invited not to miss the last ohanco of securing bonds before last Saturday. Consols have dropped! to £59 7s 6d. P. and 0. shares, £409; Dalgety's, £10.— A. and N.Z. Cable. 'CHRISTCHURCH STOCK EXCHANGE. (Pes United Pbbss Association.) CHRISTCHURCH, January 24. The following business was recorded on 'Change to-day:—Sale reported: Mason, Struthers (14s paid), 16s. WELLINGTON STOCK EXCHANGE. (Pkb United Press Association.) WELLINGTON, January 24. The following business was recorded on 'Change to-day:—Sale reported: Wellington Woollen (ord.), £7 9s.