THE SHARE MARKET

Otago Daily Times, Issue 18541, 29 April 1922, Page 13

THE SHARE MARKET

DUNEDIX STOCK EXCHANGE. Tlie market opened after the Easter hobdays with an evident desire to do business, nnd though Anzac Day (observed aa a ,holiday) intervened, the turnover was more extensive than has been the case in any week for many months past. Prices also opened slightly in advance of rates ruling before th- holidays for the most favoured linos, and a hardening tendency was apparent in jnanN cases through the week. Banking and insurance stocks, in. particular, .improved in price as did Government stocks, though in the latter instance there was no turnover. P and O. (deferred), which had improved lE'foro the holidays, opened with a sale at £328 and subsequent exchanges were effected at £332, £333, and £335, but yesterday they came hack again to £330, closing with a wide market. Bank of New Zealand had attention at 50s on Monday, and were subsequently sold at 51s, 51s 9d. and 51s 6d, closing with a buyer at 51s 6d and no declared seller. D.I.C. (pref.) changed! hands at 18s 2d, and at the close had_ a buyer at ISs and no declared seller. New Zealand Kxprc&s (ord.) were placed at' 15s 6d, and there was inquiry for them at that rate on Thursday, but they were not mentioned yesterday. New Zealand Drugs (pd.) sold nt 53s on Monday, but on Thursday 51s 6d vves accepted and yesterday there was no inquiry for them. New Zealand Insurance changed hands at 28s 3d, and yesterday were wanted at 28s 6d. the seller asking 29a. A parcel of Mosgiel Woollen Company was placed at £6 -is, after which they dropped

out of notice. Sales in Otago Daily Times at 45s 6d. apparently denuded the market of shares. Huddart, Parker, which advanced in price in common with other stocks, had turnover yesterday at 46s 9d, and at the close there was a buyer at 46s 6d, the seller quoting wide. Westport Coal, another stock that improved, sold' at 29s 3d, and a buyer wished to continue operations at that figure, but the seller asked 29s 6d. Two parcels of Rational Electric, which were placed at 225, appeared to satisfy the demand. A sale ct Rational Insurance was reported yesterday at 60s 6d, and the market closed with a shilling margin. Mount Lycll, after a sale at 13s on Monday. were wanted at 15s 3d yesterday in a market bare of sellers. AVaihi sold!, at 20s 6d, and the buyer was prepared to, go on at that rate, but the seller asked 20s 9d. Sales: Bank of Rew Zealand, 51s 9d, sls 6d; P. and O. (deferred), £330; Waihi, 20s 6d; Huddart, Parker, 46s 9d; Westport Coal, 29s 3d; Rational Electric, 225, Sales .Reported: Rational Insurance, 00s 6d. The following are yesterday’s latest quotations, subject to th euaual brokerage: Dredging Stocks. Rising Sun—Buy 2s 6d'. Rise and Shine—Buy 2s 6d. Mining Stocks. ’ Waihi—Buy 20s Gd. sel 20s 9d. Waihi Grand Junction—Sel 7s 6d. Mount Lyell—Buy 15s Sd. Rokomai Hydraulic—Buy' 10s Gd. Investment Stocks. P. and.O. Bank —Buy £l2 10s, sel £l3 ss. Bank of Australasia—Buy £l3 11s . Rational Bank of R.Z. —Buy £6," sel £6 2s. Bank of N.S. Wales—Buy £36. Bank of R.Z.—Buy 51a 6d. Union Bank ol Australia—Buy £l2 18s. sel £l3 2s 6d. Rational Insurance Co.—Buy 60s, gel- els R.Z. Insurance Co.—Buy 28a 6d, sel 295. South British Insurance—Buy 51s 6d. P. and O. (deferred) —Buy £320, sel £333. U.S.S. Co. (pref.)—Buy 18s. Howard Smith—Buy 435. Huddart, Parker (ord.)—Buy 46s 6d, sel 47s 6d. AVestport Coal Co.—Buy 29s 3d, sel 29s 6d. AVestport-Stockton (pref.)—Sel 9s. AVestport-Stockton (ord.)—Buy 3s 3d. Taupiri Coal (ord.)—Sel 17s. R.Z. Coal and Oil—Sel 3s Gd. Brown, Ewing (ord.l —Buy 245. Brown, Ewing (pref.)—iiuy 18a 3d. D.I.C. (ord.) —Buy 11s. D.I.C. (pref.)—Buy ISs. Goldsbrough Mort—Buy 34s 6d. Rational Mortgage—Buy 63s 6d. Dominion Rubber—Buy Bs, sol 12s. Donaghy’s_ Eope and Twine—Sol 335. Dunedin-Kaikorai Trams—Buy 225. Empire Building—Sel 20s. R.Z. Refrigerating (10s pd.)—Buy 12s lOd, sel 13s. Bruce Woollen Co. (new issue) —Buy lls prem. Kaiapoi Woollen (pd.)—Sel 26s 9d. Kaiapdi Woollen (con.) —Sel 12a 6d. R.Z. Hardware (ord.) —Buy 16a. R.Z. Hardware (pref.)—Buy 14s 6d. AVilson’a Portland Cement—Buy 16s. Milbiirn Lime and Cement—Buy 29a. . ational Electric—Sel 24s Gd. DKBBimjBM. R.Z. Government War Bonds (4J per cent.), 1930 —Buy £93. , R.Z. Government War Bonds (4i per cent), 1938^—Buy £9l 12s 6d. R.Z. Government War Bonds (4J per cent.), 1939—8uy £9l 12s 6d. R.Z. Government Inaeribed Stock (4* per cent.). 1938—Buy £9l 12s 61. R.Z. Government Inscribed Stock (4J per cent.). 1939—8uy £9l 12s 6d. R.Z. Government Postal Bonds. (5 per cent.), 1927 —Buy £9l. ' , R.Z. Government Postal Bonds (5 per cent.), 1928—Buy £93 10s. R.Z. Government Postal Inscribed (5 per cent), 1927—8uy £93 10s. R.Z. Government Postal Inscribed. (5 per cent.). 1929—8uy £93 10s. Soldiers’ Settlement Bonds (5i per cent.), 1933—8uy £96 6s. Soldiers' Settlement ■ Inscribed (31 per cent.), 1933—Huy £96 ss. NORTHERN EXCHARGES. (Peb United Pbess Association.) The, following business was done cn changes yesterday:— Auckland.—Sales: War Loan (1930), £93 17s 6d; Rew Zealand Inscribed Stock (1938), £92; Bank of Australasia, £l2 17s 6d; Bank of Rew Zealand, 51s 6d; Rational Insurance, .60s 9d; Auckland Gas (cont.), 17s 3d; P. and 0., £330; Paper Malls, 21a 9d; Refrigerating (cont.), 13s; AVilson’s Cement, 16s; Waihi, 20s 6d, 20s 3d, and 20s 6d; Grand Junction, 7e. Christchurch.—Sales reported; Blank of Rew South AValos, £36 10s; Christchurch Gas, £6 12s Gd. Sales* Government 4J per cent. Stock (1938), £9l 5s (two parcels); t>J per cent. Bonds (1933), £96 15s; Union Ban;:, £l2 18s.