THE SHARE MARKET.

Otago Daily Times, Issue 17711, 23 August 1919, Page 12

THE SHARE MARKET.

DUNEDIN STOCK exchange. During the past week a largo amount of business lias Itoen put through oil the local exohange, unci prices generally have been improving, Ifcuika, itisunuioe, and shipping shares in particular liavo been firming. On Thursday lludd-'irt-Parkers, i l . and O's., and -\(iw Zealand Paper Mills all reached tho highest prices thoy havo ever brougiit hero. Thero has been a /steady demand for Bank of Australasias at £129, without sellers. National Banks are wanted at about £6 3s 6d, with Bel lore 2s in advance. Business was done in Union Banks at £59 on Wednesday, and more are wanted at that figure. They were olibred yesterday at £39 10s. National Insuranoes arc wanted at £4 0s 6d. There haa been a fair ajnount of business in New Zijaland Insurances at £1 10s 6d. They were to bo had at that figure yesterday, with buyers offering only 2d less. South British Insurances have advanced 4a or ss, and axe now wanted at £8 Bs. Standard Insurances moved forward in anticipation of the announcement that tho directors were writing up tho capital 5s a share. 'lhoy were asked fox as £5 on Thursday, but yesterday a selling offer of £3 2s brought no response. P. and O.'s have been moving up and down in a remarkable manner, and were sold on Thursday at £545. Yesterday they were offered at £540. with buyers quoting £520. Huddart-Parkers have boon responsible for a large number of transactions, at fluctuating jM-ices, and they advanced to £2 9s 9d on 'Change on Thursday, with a reported sale at £2. 10s. Yesterday they were sold . a - Westport Coals havo been maintaining their level ,and were sold on Thursday at £1 8s 9d. Coal and Oils are -somewhat stronger, and were sought at 4s 9d, with holders asking 5s 6d. There is a .persistent demand for D.I.C. ordinary and preference shares, but none are offering. Dominion Rubbers have firmed, > presumably in anticipation of an advanco in rubber prices. Canterbury Meats are also keenly sought for, and up to £13 has been offered. New Zealand Refrigerating shares have stood at about the same level, and have been changing hands at £4 10s 6d. Gamaru Woollens havo gone up in view of the favourable offer to purchase that has been received from Messrs Maoky, Logan, and Caldwell, a proposition which has yet to b© decided upon by shareholders. They were wantod yesterday at £2 Bs. Kaiapoi Woollens, now -wanted at £8 8s 6d, are advancing on account of the promixity of the dividend. The directors are proposing to alter the denomination of the Bharo capital from £5 to £1 shares. MO3giel Woollens were sold on Monday at £5 14s, and they woro asked for yesterday at Is less. Sugar of MiLks are stronger, bales of Mount Lyells were effected on Wednesday at £1 5s and £1 4s 9d. Alining stocks generally show practically no variation, excopt that Talismans are a trifle weaker.

Sales: Huddart- Parker (ord.), £2 9s: New Zealand Refrigerating Company, £4 Is 6d (three parcels). Sale reported: Oamaru Woollen, £2 10s. The following aro yesterday's latest quotations, subject to the usual brokerage:— Dredging Stocks. Rise and Shine —Sellers lis 6d. Mining csiockb Waihi—Buyers £2 ss, sellers £2 6s. Mount Lyell—Buyers £1 4s, sellers £1 ss. Investment Stocks. Bant of Australasia—Buyers £129. National Bonk—Buyers £6 8s 6d, sellers £6 10s 6d. Bank of N.Z. (£3 6s 8d paid)— Buyers £14 ss, sellers £15 sa. Union Bank—Buyers £59, sellers £59 10s. National Insurance—Buyers £4 0s 6cL N.Z. Insurance—Buyers £1 10s <Si. sellers £1 10s 6d. South British Insurance—Bayers £8 Bs. Standard Insurance —Sellers £3 2s. Union Steam (pref.)—Buyers £1 Is Id. P. and 0. (deferred) —Buyers £520, sellers £540. Huddaj-t-Parker (ord.)—Buyers £2 8s 9d, sellers £2 9s 3d. Huddart-Parker (pref.)—Buyers £1 0s 9d sellers £1 Is 6d. ' Westport Coal Co.—Sellers £1 9s. N.Z. Coal and Oil —Buyers 4s 9d, sellers 5s 6d. D.I.C. (ord.) —Buyers 2s pretn. D.I.C. (pref.)—Buyers £1 Ib. Dominion Rubber Co.—Buyers £1 16s 9d sellers £1 18s 6d. ' Dunedin Stock Ex. Propy.—Buyers £2 2s 6d. Empire Buildings—Sellers £1 Is. N.Z. Refrigerating Co.—Buyers £4- 10s 3d, sellers £4 10s 6d. Kaiapoi Woollen (ord.)—Buyers £8 8s 6d. Milburn. Lime and Cement—Sellers £1 15s. Moagiel Woollen Factory—Buyers £5 133. N.Z. Drug Co. (£2 paid)— Sellers £2 16s 6a. Canterbury Meat—Buyers £12 15s. South Otago Freezing Co.—Buyers £5. Southland Frozen Meat ("C" issue) — Buyers 17s. N.Z. Paper Mills—Buyers £1 83 3d, sellers £1 8s 9d. Oamaru Woollen (ard.) —Buyers £2 Bs. Perpetual Trustees—Buyers £1 9s. Whiteombo and Tombs—Buyers £6 ss. Bruce Woollen—Buyers £l~l9s. Otago Central Preserves (ex div.) —Buyers £1 2s 6d. Papuan Products—Sellers 2s 2d. Debentobes. N.Z. Gov. War Loan—Buyers £96. AUCKLAND STOCK EXCHANGE. (Pee United Press Association.) AUCKLAND. August 22. The following sale was made on 'Change to-day :—Huddart-Parker, £2 9s 3d. The following sale was reported: —Atuckland Trams, £1 Is 10d. CHRISTCHURCH STOCK EXCHANGE. (Peb United Pbess Association.) CHRISTCHURCH, August 22. The following sales were reported on Change to-day:—Goldsbrough Mort, Melbourne, £2 5s 6d; Mutual Benefit, £11 2s 6d; Huddart-Parker £2 10s; New Zealand Refrigerating, £4 10s.