THE SHARE MARKET

Otago Daily Times, Issue 18720, 25 November 1922, Page 11

THE SHARE MARKET

DUNEDIN STOCK EXCHANGE. An exceptionally largo amount of business has been transacted on the Dunedin Stock Exchange during the past week. Saturday last was fairly quiet, but on all the other days there was plenty of animation, and yesterday's business was the heaviest experienced for many months. With the exception of loan and agency, all classes of shares have received a good deal of attention. New Zealands have been the most prominent banking shares, and in these a slight rise in price—from 56s 3d to 56s 6d—has been registered. There was a sale at 56s 3d on Monday, one at 5Gs 6d on Tuesday, and others (reported) at that figure on Wednesday and Thursday. Nationals, for which the buying quote rose gradually from £6 3s on Saturday last, changed hands at £6 6s on Thursday, and yesterday they were again sought at ■ the same price without attracting a seller. All insurances, particularly Nationals, have advanced in price, and business has been done in every line, excepting Standards, for which the buying quotation has risen from 31s 9d to 32s 9d. Nationals were sought at G7s 6d on Saturday, 69s on Monday, 72s on Tuesday, 72a 6d on Wednesday, 73s on Thursday, and 71s yesterday. There was a sale on Wednesday at 72s 6d and another (reported) yesterday at 71s, the market closing with a buyer at 73s 6d and a seller at 71s Gd. New Zealanda, which were available on Saturday at 27s Sd, were sold on Wednesday at 27s 9d, and yesterday at 28s. There was also a reported ’ sale yesterday at 28a. The only sale in South British was reported yesterday at 35s 3d. Three classes of shipping have changed hands—Union Steam (pref.), D. and O. Deferred, and Huddart, Parker (ord.). There have been- sharp rises in the lastnamed two, and the former has shown a slighter advance. Huddart, Parkers (ord.) were available at 51s 9d last week, and were sold yesterday (twice), and on Thursday being sought when the market closed. P. and O. Deferred Stock, for which the buying quotation was £3OO (cum. div.) on Tuesday, was sold ex div. on Wednesday at £3lO, and at £3lO, £315 (twice), and £317 yesterday. Union Steams, which realised 19s lOd on Tuesday, were sought yesterday at 20s, but buyers would not accept less than 20s 6d. Business in coal shares was again confined. to Westports, wlxich sold at 32s 6d (twice) on Monday, and four times on Tuesday, and at 32s 9d (three times) yesterday. There were other sales yesterday at_ 32a XOd and 32s lid. In meat preserving lines the contributing issue of Now Zealand Refrigerating changed hands twice yesterday, but the price (14a 3d) was lower than that ruling at the ond of last week. Both Brown Ewings's and D.l.C.'s have been sold—the former (ord.) at 26s 9d on Tuesday and tb© latter (ord.) at Is pretn. on Wednesday, and (pref.) at 20s 3d yesterday. Dominion Rubbers have attracted as much attention as usual, and there were sales at 18s 3d on Saturday and Tuesday, while they were sought yesterday at ISs 9(1 without resulting in business. Pareels of both lines of cement shares—Wilson’s and Milburn—were turned over, the latter at 31s 3d twice yesterday, and the former at 21s Od on Monday and Tuesday (reported), and at 22s 3d twice on Thursday. There was also a reported sale at 22s 3d on Ihursday. Two reported sales yesterday of Karapoi Woollen (ord.) at 23s 6d complete the list of transactions in miscellaneous shares. Actual sales in War Bonds have been confined to 5t per cent, bonds and insenbeds, which have realised par on three occasions. Xtosials and 11 per cents, are now firm with buyers at about £96 10s. 9-he rise in the price of Waihis has probably been the most prominent feature of the business of the week, and Mount LyolJs were also sold on a couple of occasions—once on Monday at 21s 3d and once yesterday at the same price. The former, which were offered! at Sis Gd on Saturday, realised 33s Od and 34s on Thursday, and 34s again yesterday while there was a reported sale on Thursday 'at that price. sales; New Zealand Insurance 28s; P. and O. Deferred (ex div.), £3lO, £315 (two), £317; Westport Coal, 32s 9d (throe) 32s lOd 32s lid; Milburn Dime and Cement! 31a 3d (two); Waihi, 345; Mount Lyell, 21s 3d; Huddart, Parker (ord,), 52s 6d (two) Sales reported; D.I.C. (pref.), 20s 3d; New Zealand Insurance, 28a; South British Insurance, 35s 3d; National Insurance, 74s • Kaiapoi Woollen (ord.), 23s 6d (two). ’ The following were yesterday afternoon’s buying and selling quotations, which are subject to tno usual brolcfitr&g©; BANKING. ° Bank of Australasia—Buy, £l2 18s. Bank of N.S. Wales— Buy. £35 10s. Bank of New Zealand—Buy. 565, eel. S6s9d. National Bank—Buy. £6 as. P and O. Bank — Buy. £l4. Union Bank—Buy. £l3 7s, sel. £l3 12s 6d. INSURANCE. National Insurance Co.—Buy. 73a 6d sol 7-ls 6d. N.Z. Insurance Co.—Buy. 27s 9d. South British Insurance Co.—Buy. 35a. Standard Insurance Co, —Buy. 32a 9d. SHIPPING. Huddart, Parker (ord.) —Buy. 52s 6d, sel 52s 9d. P. and O. Deferred Stock (ex div.) —Buy. £3lB, sel. £319. U.S.S. Co, (pref.)—Buy. 20s, eel 20s 6d COAL. N.Z. Coal and Oil—Buy. 2a Gd. AVestport Coal Co.—Buy 32s lOd, sel 335. AVeatport-Stockloii (ord.) —Buy 3s 9d, sel Os. Westport-Stockton (pref.)—Buy. 6s, sel 8s 9d. LOAN AND AGENCY. Goldsbrough, Mort—Buy. 42s Gd, eel. 43s 3d. Perpetual Trustees—Buy. 36.? Gd. Trustees, Ex. raid Agency—Buy. 46s 6d. AVright, Stephenson (ord.) —Buy. 225, sel. 255. AVright, Stephenson (pref.)—Sel. 17s Gd. MEAT PRBSERAHNG. N.Z. Hefrig. (cont.) —Buy. 14s, Id, sel. 14s 2d. MISCELLANEOUS. Brown, Ewing (ord.)— Buy. 275, sel. 28s Gd. Brown, Ewing (pref.)—Buy. 39s 3d. D.I.C. (ord.) —Buy. Is prem, sel. 2s prom. D.I.C (pref)—Buy. 20s 3d, sel. 20s 9d, Dominion Rubber —Buy 18s 9d, sol 20s. Donaghy’a Rope and Twine—Buy. 31a. Duncdhi-Kaikorai Trams—Buy. 24a. Dunedin Stock Exch. Propty.—Buy. 40s 6d, Dunlop Rubber—Buy. 29s 6d. Kaiapoi Woollen (ord.) —Buy. 23a sd. Kaiapoi AVoollcn (cont.) —Buy. 12s 3d. Kaiapoi AVoollcn (pref.)—Buy. 21s 9d. Milburn Lime and Cement—Buy. 31b 3d. APLcod Bros. Soap—Buy. £ls 10a. National Electric—Buy. 22s 9d, sel. 23s 3d. N.Z. Drug Co.—Buy. 54s 3d. N.Z. Hardware (ord.) —Buy. 9s. N.x,. Paper Mills (paid)—Buy. 22s 3d, sol. 235. N.Z. Paper Mills (cont.)—Buy. 2s 3d prera. N.Z. Sugar of Milk—Buy. 265, sel. 30s 9d. Otago Daily Times —Buy 555., Papuan Products —Buy. 7id, sel. Is, AVhitcombe and Tombs—Buy. G4s. AVilson’s (N.Z.) Cement—Buy. 21s 9d, sel. 22a 3d. MINING. Nokomai Hydraulic—Buy. 9s Gd, sol. 10s 6d. AVaihi —Buy. 335, sol. 3Gs. AA’aihi Grand Junction—Buy. 10s, sel. 10s 6d. Mount Lyell—Buy. 21s, eel. 21s Sd. WAR BONDS. 41 per cent. Bonds, 1930 -Buy. £9G 10s. 4J per cent. Bonds, 1938 —Buy. £96 1()3. 41 per cont. Bonds, 1939 —Buy. £96 10s, 51 per cent. Bauds, S.S., 1933—8uy. £99 17sGd, sel. £IOO ss. 41 per cent. Inscribed, 1938—Buy. £96 7s 6d,"sel. £96 12s Gd. 4). per cent. Inscribed, 1939—8uy. £96 ss. 54s per cent. Inscribed, S.S., 1933—8uy, £99 17s 6d, sol. £IOO. 5 per cent. Bonds, P. 0., 1927—8uy. £96 10s. NORTHERN EXCHANGES. (Per United Pi :ss Association.) The following business was done on ’Changes yesterday: Auckland. —Sales: Bank of New South AVales, £35 16s; Union Bank, £l3 8s 6d; South British Insurance. 35s Gd 1 ; New Zealand Refrigerating (con.), 14s 3d; Gisborne Sheepfarmoiß, £101; Grand Junction, 10s 4d.

Christchurch.—Sales reported: New Zealand Bonds, 5£ per cent. (1933), £100; Bank of New Zealand, £2 16s Sd; Union Bank, £l3 11s; Wellington Meat (£3 12s 6d paid), £2 12s 6d; Manning’s Brewery. £3 6s. bales; Union Bank, £l3 10s; Mount Lyell (.cum Sale/ reported : South British Insurance, 355. _____