THE SHARE MARKET

Otago Daily Times, Issue 18766, 20 January 1923, Page 13

THE SHARE MARKET

DUNEDIN STOCK EXCHANGE. The turnover on the Dunedin Stock Exchange during the past week was quite up to the average, and business was done m every class of shares. Union Banks were sold at £ll and later at £l4 2s 6d, and a firm tone has been maintained in banking shares generally. In insurances Standards were sold at 31s Gd, and Nationals had a reported sale at 735. The gap between the buying and selling quotations for New Zealands has gradually narrowed, and the market closed yesterday with a buyer at 28s 6d and a seller at 2Ss Bd. South British were sought at from 37s to 38s, with very little response. Shipping shares are in practically the same position as they were a week ago, though there ha<s been a slight falling off in the inquiry for P. and O. .Deferred Stock. Wcstports and Ttuipiris have received most of the attention allotted! to coal shares, and in the former sales took _place late in the week at prices higher than those ruling earlier in the period. Sellers of loan mid agency lines continue to show little desiro for business, and in the miscellaneous class sellers have been reticent in the majority of lines. Business, however, has been lairly brisk at firm prices in two lines—the two issues of paper mills—while in Dominion Rubbers there have been several transactions with prices showing a tendency to fall. The only noticeable movement in meat preserving ahiues has been a slight drop in the contributing issue of New Zealand Refrigeratings. Both Waihis and Wnihi Grand Junctions have receded a little, hut all lines in War Bonds have received regular inquiry at improved figures. Sales; Dominion Rubber, 20s 6d (two), 20»; Waihi, 32a 6d. The following were yesterday afternoon's buying and soiling quotations, which are subject to the usual brokerage; BANKING. Bank of Australasia—Buy £l3 ss. Bank of Now Zealand—Buy 575, sel 57s 98. National Bank—Buy £S 7s 3d, sel £G 9s Gd. P. and 0. Bank—Buy £l4. Union Bank—Buy £l4, sel £l4 2s 6d. INSURANCE. National Insurance Co.—Buy 72s 9d, eel 755. N.Z. Insurance Co.—Buy 38s sd, sol 28s Bd. South British Insurance Go.—Buy 88s. Standard Insurance Co.—Buy 34s 3d, eel 343 lid, SHIPPING. Howard Smith—Buy 49s 3d. Huddart, Parker (ord.)— Buy 51s Gd, sel 55s 9d. P. and O. Deferred Stock—Buy £316, sel £329. U.S.S. Co. (pref.)— Buy 19s Gd, sel 20s. COAL, N.Z. Coal and Oil—Buy 2s Gd. Tanpin Coal (ord.)—Buy 18s Gd. Westport Coal Co.—Buy 35s 9d, eel 365 1 9cl. Westport-Stockton (ord.)—Sel ss. Westport-Sfockfon (pref.)—Sel 8s 9d. LOAN AND AGENCY. Dnlgety and Co.—-Buy £ll ss. Goldsbrough, Mort—Buy 44s Gd, sel 45s 3d. National Mortgage—Buy 72s Gd. N.Z. Loan and M. (ord.)—Huy £77, eel £Bl N.Z. and River Plate—Buy 20s. Perpetual Trustees—Buy 36s Gd. Trustees, Ex. and Agency—Buy 475. Wright, Stephenson (ord.)—Buy 255. Wright, Stephenson (pref.)—Sel 17e Gd. MEAT PRESERVING. N.Z. Refrigerating (pd.)—Sel 29s 6d. N.Z. Refrigerating (con.)—Buy 14s Gd, eel 15s. Southland Frozen Meat (ord.)—Buy 28s. • MISCELLANEOUS. Brown, Ewing (ord.) —Buy 275, sel 28s Gd. Colonial Sugar—Buy £35 6a. D.I.C. (pref.)--Buy 20s 3d, Dominion Rubber—Huy 20s 2d, eel 20s 9d. Domtghy’s Rope and Twine—Buy 31s. Dunedin-Kaikorui Trains—Buy 255. Dunedin Stock Exchange Propty—Buy 41s, Dunlop Rubber—Buy 225. Kaiapoi Woollen (ord.)—Buy 25a 3d Kaiapoi Woollen (con.)—Buy 12s Gd. Kaiapoi Woollen (pref.)—Buy 225. Miilburn Lime and Cement—Buy 83s 3d. Mosgiel AVoollen Co.—Buy £6 11s. M'Leod Bros. Soap—Buy £l6. N.Z. Drug Co.—Buy 535. N.Z. Hardware (ord.)—Sel 10s. N.Z. Malay Rubber—Buy 10s. N.Z. Paper Mills (pd.)—Buy 21s, sel 24s 3d. N.Z. Paper Mills (con,)— Buy 23s 9d, sel 3d. Otago Daily Times—Buy 48s 6d. sol 51s, Papuan Products—Buy 9d, eel la.

Smith and Smith (prpf.)—Buy 17s 6d. AVhitcombe and Tombs—Buy 675. Wilson's (X.A.) Cement—Buy 235, sel 21s. MIXING. Kise and Shine—Sol 2s Cd. AVaihi—Buy 33s Gd, ael 33s 9(1 AVaihi Grand Junction—Huy 9a 3d, Bel 9s lid. Electrolytic Zinc—Sol 29s 3d. Mount Lyoll—Buy 21a, sel 225. AVAR BONDS. ih per cent. Bonds, 1930—Buy £96 17s Gd. 44 per cent. Bonds, 1938 —Buy £96 17s 6d. 44 per cent. Bonds, 1939—8uy £96 17s Gd. 54 per cent. Bonds, S.S., 1933—8uy £lO9. 4J per cent. Inscribed, 1938—Buy £96 las. 44 per cent. Inscribed, 1939—8uy £96 15a. 54 per cent. Inscribed, S.S., 1933—8uy £IOO, sel £IOO 15s. 5 per cent. Bonds. P. 0., 1927—8uy £96 15s. 5 per cent. Inscribed, P. 0., 1927—8uy £96 15s. 5 per cent. Bonds, P. 0.. 1929—8uy £96 los. 5 per cent. Inscribed, P. 0., 1929—8uy £96 15s. NORTHERN EXCHANGES. (Per United Press Association.) Tho following business was done on ’Changes yesterday; Auckland, January 19.—Sales: AA r ar Loan (1927), £97: Harbour Board debentures (sixes), £105; National Bank, £6 7s 6d; Bank of X'ew Zealand, 57s 3d; Hikurangi Coal, 14s; Auckland Gas, 255; Howard Smith, 50s Gd; Hoanataiari, 3s 9d, 3s lOd, 3s lid, 4s (three parcels). Wellington.—Sale reported: 4J per cent. Inscribed Stock (1938), £97. Christchurch,—Sales reported: Goldabrough, Mort, £2 4s 6d (two parcels); New Zealand Refrigerating (£1 paid), £1 9s; Christchurch Gas Co., £8 (two parcels). Sales; Christchurch Gas Co., £8 (two parcels) ; Union Bank (cum dlv.), £l4 (four parcels); Goldsbrough, Mort, £2 4s 6d.