THE SHARE MARKET

Otago Daily Times, Issue 18673, 30 September 1922, Page 11

THE SHARE MARKET

DUNEDIN STOCK EXCHANGE. Towards the middle of the week the buying quotations for War Bonds dropped a few shillings, and the tone on the market was none too healthy. Mattel’s have now improved, however, and yesterday’s quotations were on a level with those of the previous week. The only sale on ’Change in this stock was a parcel of 5 per cent. Inscribed P.O. Bonds (1927) at £96 2s 6d, while two were reported—one of 41 per cent. War Bonds (1938) at £97, and one of 5J per cent. S.S. Bonds (1933) at £99 10a. Three parcels of Bank of Now Zealand shares have changed hands—one on Saturday and one on Thursday at 555, and one yesterday at Sts 9d—the market closing yesterday with a buyer at 54s 9d. and a seller at 50s. Buyers have been offering between 19s 3d and 19s 9d for Union Steam (pref.) shares, sales being reported at the latter price on Wednesday and yesterday. In coal shares a sale of Westports at 32s 3d was recorded on ’Change on Tuesday, and a sale of Tuupiris was reported on Wednesday at 17s l)d. There were two sales of Huddart, Parker (ord.) shares on Tuesday at 49s 3d and 49s 6d, and sales were recorded of Milburn Lime and Cement and Wilson’s (N.Z.) Cement at 31s and 20s respectively. Business in insurance shares was confined to New Zialands, of which a sale was reported on Thursday at 28s 3d. There was not the same activity in New Zealand Refrigerating shares as during the previous week, the only sale being a parcel of the contributing issue on Tuesday at 12s 9d. Sales: Bank of New Zealand, 54s 9d. Sales reported; Union Steam (pref.), 19s 2d. The following were the buying and selling quotations at yesterday afternoon’s call, subject to the usual brokerage:— BANKING. Bank of Australasia —Sel £l3 10s. Bank of New South Wales—Buy £34 10s, sel £35 ss. Bank of New Zealand—Buy 64s 9s. sel 555. National Bank —Buy £6 19s 6d, sel £6 Is Gd. P. and O. Bank—Sel £l4 2s Gd. Union Bank—Buy £l3 Is, sel £l3 4s Gd. INSURANCE. Now Zealand Insurance Co.—Buy 27s Gd. sel 28s fid. Standard Insurance Co.—Buy 30s Gd, sel 31s Gd. SHIPPING. Huddart, Parker (ord,)— Buy 495, sel 50s. P, and O. Deferred Slock—Buy £302, sel £320. Union Steam Ship Co. (pref,)—Sel 30s. COAL. Westport Coal Co.—Buy 3!2a, se! 32s 9d. Westport-Stockton (ord.) —Sel 5s Id. LOAN AND AGENCY. Goldsbrough, Mort —Buy 41s, sel 43. National Mortgage-Buy 68s, sel 71s. New Zealand Loan and Mercantile (ord.)— Buy £77, ael £Bl,

Perpetual Trustees—Buy 36s 3d. Trustees, Executors, and Agency—Buy 465. Wright, Stephenson (pref.)—Buy 14s. MEAT PRESERVING. Canterbury Meat —Set £l4 7s 6d. New Zealand Refrigerating (pd.)—Buy 23s Gd, set 24s Gd. New Zealand Refrigerating (cont.)—Sel MISCELLANEOUS. Brown, Ewing (ord.) —Buy 255. Brown, Ewing (pref.)—Buy 20s. Bruce Woollen Co.—Sel 375. D.I.C. (ord.)—Buy Is prein. D.I.C (pref)—Buy 20s 3d Dominion. Rubber—Buy 9s. Dunedin-Kaikorai Trains —Buy 22s 6d. Dunedin Stock Exchange Proprietary—Buy 39a 6d. Kaiapoi Woollen (ord.) —Buy 21s, sel 235. Kaiirpoi Woollen (cont.)—Buy 10s 9d. Milburn Lime and Cement—Sel 31s Gd. M'Leod Bros.’ Soap—Buy £l4. National Electric—Buy 22s 3d, eel 22s ,6d. New Zealand Drug Co. —Buy 52s Gd. Ned Zealand Express (ord.) —Sel IGs. New Zealand Hardware (ord.) —Buy 7s 3d, sel 8s 9d. New Zealand Paper Mills (pd.)—Buy 20s 9d, sel 21s Cd New Zealand Paper Mills (co’nt.) —Buy par, Otago Daily Times—Buy SOs. Smith and Smith (pref.)—Buy 18s. Wilson's (N.Z.) Cement—Buy 19s 9d, sel 20s 3d. \ MININO. Rise and Shine—Buy Is, sel 3s. Rising Sun —Sel 3s Waihi—Buy 27s Bd, sel 28s. Waihi Grand Junction —Buy 9s 2d, sel 9s 6d. Electrolytic Zinc—Sel 27s 6d. Mount Lyell—Buy 19s Gd, sol 20s. WAR BONDS.’ •It per cent. Bonds, 1930 —Buy £95 15s. 41 per cent. Bonds, 1933—8uy £96. 44 per cent. Bonds, 1939 —Buy £96. 54 per cent. Bonds, S.S., 1933—8uy £99 2s Gd, sel £99 10s. 44 per cent. Inscribed, 1938—Buy £96, spl £96 10s. 44 jrer cent. Inscribed, 1939—8uy £96, sel £96 10s. 5J per cent. Inscribed, S.S., 1933—8uy £99 2s 6d. 5 per cent. Bonds, P. 0., 1927—8uy £96, sol £96 10s. 5 per cent. Inscribed, P. 0., 1927—5 el £96 ss. NORTHERN EXCHANGES. (Pkb United Pbess Association.) The following business was done on ’Changes yesterday;— . Auckland,—Sales: War Loan (1927), £95 15s; New’ Zealand Inscribed (1938), £96; Bank of New Zealand, 54s 6d; South British, 34s 9d; Auckland Gas, 23s Id; (con.),, 18s Sd; jruddart-Pavker, 49s 6d; Milk Products, 21s; Wilson’s Cement, 19s lid; Monnataiari, 3s 3d. 3s 2d, 3s Id; Waihi, 27s 9d. Christchurch. —Sales reported: New Zealand Milk Products, £1 11s; Government 41 per cent. (1938), £96 (throe parcels); Standard Insurance, £1 Tls; Canterbury Frozen Meat, £l4 6s; Bank of New Zealand, £2 14s 6d (four parcels).