THE SHARE MARKET

Otago Daily Times, Issue 18724, 30 November 1922, Page 9

THE SHARE MARKET

DUNEDIN STOCK EXCHANGE Fox- some time past the quotations for both Dominion and Malay Rubber shares have shown a steady rising tendency, which has developed during the last few days into a very sharp advance. A few months ago Dominions were available at less than 10s, but yesterday they wore sought at 6d premium (par, 20s), and after three sales had taken place at that figure the market closed with a buyer still offering 20s 6d, and with seders asking ills. Malays, of which there was a reported sale yesterday at 10s 3d (3d premium), were available a month or two ago at about 3s. On Tuesday the prospects for Malays did not seem as bright as those for Dominions, but the latest advance in the former has been even more' pronounced than that in the latter. Papuan Products are another class of shares that have shown a more healthy tone of late. Three parcels were sold on ’Change yesterday and another sale was reported, at exactly double the price (6d) at which they were bought a fortnight ago. Wailxis continued to harden, and there were sales at 31s 6d in the morning and at 35s itwo) in the afternoon. The market closed with a buyer at 35» and a seller at 35s 6d. A x-eported sal© of Nokomais at 10s showed that though little has been heard on ’Change of these shares lately, a fair amount of interest is still being taken in them. There 4'ere two reported sales of banking shares —AxistraJasias at £l3 17s and Unions at £l3 10s — and while the price of the former was a little lower than that ruling a week ago, the figure at which the latter were released registered a slight improvement on recent buying quotations. New Zealand Insurances have steadied, a sale taking place j/osterday at 28s 6d and another being reported at the same price. There was a reported sale of the ordinary issue of Kaiapoi Woollens at 23s lid, and another parcel was turned over on 'Change at 345. Westport Coal and Dalgety and Co, shares continued to harden, hut the interest in 4J per cent. War Bonds waned a little. Sales: Papuan Products, Is' (three); Waihi, 34s 6d, 35s (two); New Zealand Insurance, 28a 6d; Dominion Rubber, 30s 6d (three); Kaiapoi Woollen (ord.). 245. Sales reported: Bank of Australasia, £l3 17s; Union Bank, £l3 10s; Papuan Products, Is; New Zealand Insurance, 28s 6d; Nokomai Hydraulic, 30s; New Zealand Malay Rubber (ord.), 10s 3d; Kaiapoi Woollen (ord.), 23s lid. The following were yesterday afternoon’s buying and selling quotations, which are subject to the usual brokerage: . BANKING. Bank of New South Wales (cum div.) — Buy £35 iSs. Bank of New Zealand-—Buy 565, sel 36s 9d. National Bank —Buy £6 6s. Union Bank—Sel £l3 12s. INSURANCE. National liisui-ance Co.— Buy 72s 6d, Bel 745. N.Z. Insurance Co. —Buy 28s 3d, sel 28s 6d. South. British Insurance Co.—Buy 365. oel 36s 6d. Standard, Insuiaflce Co.—Buy 335.

SHIPPING. : Huddart, Parker (ord.)—Buy S2s 3d. sel 52s 9d. * - £333 and Deferred Stock—Buy £327,' sel U.S.S. Co. (prof.)—Buy 20s. COAL. X.Z. Coal and Oil—Buy 2s 6d, sel 3a 3d. \\ estport Coal Co.—Buy 33s 3d, sel 33a 6d. u estnort-Stockton (ord.)—Buv 4s 3di-- eel 4s 9d. " LOAN AND AGENCY. Dalgety and Co.—Buy £ll. Goldsbrough, Mort—Buy 41s, sel 43a. ’ N.Z. Loan and M. (ord.) —Buy £77. '’ ' N.Z. and River Plate—Buy 20s. Perpetual Trustees—Buy 365. Trustees, Ex. and Agency—Buy 465. Wright. Stephenson (ord.) —Buy 23a. MEAT PRESERVING. Canterbury Meat—Sel £l4 17s 6d. . . a.Z. refrigerating (pd.)—Sel 26s 6d. , --w N.Z. Refrigerating (con.)—Buy I3s 6d, eel 14s. MISCELLANEOUS. Brown, Ewing (ord.) —Buy 26s 6d. Brown, Ewing (pref.)—Buy 20s 3d D.I.C. (ord.) —Sel Is 6d prera , . - D.I.C. (pref)—Buy 20s Sd, sel 20s 9d. Dominion Rubber —Buy. 20s 6d, sel 215.Donaghy’s Rope and Twine—Buy 315.-,J Dunedin Stock Exch. Propty.—Buy 41si'T Kaiapoi Woollen (ord.) —Buy 245, eel 24a 6d. Kaiapoi Woollen (cont.) —Buy 12s Id, sel 13s, Milbum Lime and Cement—Buy 31a. Mosgiel Woolle.il Co. —Buy £6 6s, M’Leod Bros. Soap—Buy £IS 15s. National Electric —Buy 22s 6d. sel 23s 6d. N.Z. Drug Oo. —Buy 51s 6d. N.Z. Hardware (ord.)—Buy 9s. N.Z. Malay Rubber (ord.) —Buy Os. N.Z. Paper Mills (pd.)—Sel 235. N.Z. Sugar of Milk—Sel 30s 6d. Papuan Products —Buy lid, sel Is 2d. Wilson's (N.Z.) Cement—Buy 21s, eel 21S Sd. MINING. Rise and Shine—Buy Is, sel 2s €d. Waihi—Buy 355, sel 35s 6d. Waihi Grand Junction—Buy 9s 9d, sel 10a 6d. Mount Lyell—Buy 20s 3d, sel 21s 3d. -W WAR . BONDS. ii per cent. Bonds, 1938—Buv £96 ss, eel £96 17s 6d. 4J per cent. Bonds, 1939—8uy £96 os. 5i per cent. Bonds, S.S., 1933—8uy £99 17a 6d. ■ 4) per cent. Inscribed, 1938 —Buy £36 ss, sel £96 17s 6d. 5J per cent. Inscribed, S.S., 1513—Sel £IOO 5 s. 5 per cent. Bonds, P. 0., 1927—8uy £96 12a 6d. NORTHERN EXCHANGES. (Peb United Pbess Association.) The following business was dons or ’Change yesterday: Auckland.—Sales: New Zealand Inscribed Bonds (1927), £96 3s; Devonport Waterworks, £95; Gisborne Sheepfarmers, £IOO 10s; Auckland Gas, £ss; Devonport Ferry, 255; Auckland Trams, 21s; Kauri Oik (cont.), 3s 6d: Union Oil, 295; Wilson’s Cement, 21s Id;' Moanataiari. 3s 7d; Waihi, 34s 3d, 34s 6d : ; Grand Junction, 10s 2d, 10s Id, 10s.