THE SHARE MARKET

Otago Daily Times, Issue 18802, 3 March 1923, Page 12

THE SHARE MARKET

DUNEDIN STOCK EXCHANGE. Busness on the Dunedin Stock Exchange was lathej quiet yesterday for a start, but the tone impr<fved considerably towards the end of the jijriod. National Banks have had numerous reported sales at £6 7s, and there has been {plenty of inquiry on ’Change for them at orf about that figure. Holders, however, have .-shown 'little inclination for sales in the room, and on Tuesday as much as £6 7s 8d t w4s offered without response. There was one reported- sale on Monday, throe on Tuesday, three on Wednesday, and two yesterday. There has been very little movonient in other banking lines, neither buyers nor h-oldots showing much desire for business. On Thursday there was a reported sale of Bankt of New Zealande at 575, while Union Banks had two reported sales at £l3 18s (Id that '-Jay, and another yesterday at the same price-; ■ Insurances have continued to have good at firm prices’, and on Wednesday there was a 4alc of Standards at 33s 9d. Nationals, which had a reported sale at 74s on Thursday, were again sought at that fignrd yesterday, but holder’s were then asking Ms. Shipping lines have had their full shard; of inquiry, but apart from a sale and a reported sale of P.' and O. at £320, no business has been done. Westport Coals have in evidence, and on Wednesday there.’were four sales at 35s fid. These shares ■were (released twice at the same price on the following day, and then the market hardened. A side’ took place at 35s 4d, and the market closed that day with a buyer still offering that'figure. Yesterday afternoon’s call again produced a buyer at 35s Id, with no declared sellar. The interest in Westport, Stockton (old.) shares has gradually increased, and buyers aro now offering 4s sd, with holders quoting at ss. National Mortgage shares were turned over on three occasions at 77s Gd, but ofhorwi.se there was little activity in loan and ;igcncies, except on the part of buyers who (continued to seek business with slightly imprjlyed offers. There has been a good deal of adfivity in meat preserving shares, especially 'ln the contributing issue of Now Refrigeratings, which changed hands twice on Tuesday at 11s 3d, twice yesterday at 14s Id, » Mid finally at 14s. In miscellaneous lines business has been fairly brisk, but prices have .shown little alteration. Mining shares have : been turned over freely, especially Mt. Lyella, Grand Junctions, and Wailtis. The first-named two have not altered their position much, but the last-named has fallen from : .3oa lid to 30s. Rise and Shines were turned over at Is on Thursday, and have since ’had inquiry at Kkl. Tho demand for all classes of War Bonds has fallen off to a slight extent, but tlicro have been three transactions in 1938 4£ per cents, at £97 5s (two of. Bonds and one of Inscribed Stock). Yesterday’s sales: New Zealand Refrigerating (cont.), 14s Id (two), 14s; N.Z. Paper Mills (old issue), 34s 6d. Sales reported: National Bank of New Zealand, £6 7s (two); Waihi, 29s 6d; Union Bank, £l3 18s 6d. Tho following are yesterday afternoon’s buying and selling quotations, which arc subject to tho usual brokerage: BANKING. Bank of Australasia—Buy £l3 Bs. Bank of N.S. Wales (ex div.) —Buy £37 10s. Bank of Now Zealand —Buy 5Gs 9d, eel 57s B<L National Bank—Buy £G 6s 6d, sel £6 fis. P. and O. Bank—Sel £l4 ss. Union Bank—Buy £l3 17s Gd. INSURANCE. National Insurance Co.—Buy 745, sel 755. N.Z. Insurance Co.—Buy 27s 4d, sel 28s. South British Insurance Co. —Buy 3Gs. Standard Insurance Co.—Buy -33 s 6d, eel Bis Gd. SHIPPING-. Howard Smith —Buy 50s. Huddart, Parker (ord.) —Buy 55s 6d, sel 56a Bd. Huddart, Parker (pref.)—Buy 90s. P. and O. Deferred Stock —Sel £323. Union Steam. Ship Co. (pref.)—Buy 19s lOd. COAX,. N.Z. Coal and Oil—Buy 2s 7d, sel 3e Gd. Taupiri Coal (ord.) —Buy 295. Westport Coal Co. —Buy 35s 4d. Westport-Stockton (ord.)— Buy 4« 6d, eel ss. LOAN AND AGENCY. Coldsbxou£h, Mort —Buy 49s 9d. National Mortgage—Buy 755, sel 80s. N.Z. Xoan and M. (ord.) —Buy £B2 10s. Perpetual Trustees —Buy 37e. Trustees, Executors, and Agency—Buy 475. Wright, Stephenson (ord.) —Buy 26a. Wright, Stephenson (prcL)—Buy 15s 6d, sel 17s 9d. MEAT PRESERVING. Canterbury Meat—Sel £ls 7s fid. Gear Meat Co. —Buy £42. N /’/•(•Refrigerating (paid)—Buy 26s 9d. N.ZJ’Refrigerating (cont.)— Buy 14s, sel 14s Id.* ’ . Southland Frozen Moat (ord.)—Buy 2Sa Gd. South Otago Freezing—Buy B3s. ’; MISCELXANEOUS. Brpwn, Ewing (ord.)— Buy 275. Brown, Ewing (pref.)—Buy 20s 3d. Btjico Woollen Co.—Buy 31s 3d, sol 37s 6d. D.i.C. (ord.)— Buy la 3d prem. D.’I.C. (pref.)—Buy 20s 3d, sel 20s Bd. Dejntal and Medical Supplies—Buy 22 e 6dPdmioiou Rubber —Sel 20& Gd,

Donaghy'fl Rope and Twine--Buy 335. Dunedin Stock Exchange Propty.—Buy 42s 3d. Empire Buildings—Sol 30s. Kaispoi Woollen (ord.) —Buy 33s 3d, sel -24 s 3d. Kaiapoi Woollen (cent.) —Buy 11s, sol 12s. Kaiapoi Woollen (prof.)—Buy 31s. Milburn Lime and Cement—Buy 31s. Mosgiol Woollen Co.—Buy £7. M‘Lcod Bros. Soap—Buy £l6 10s. Kational Electric—Buy 20s 3d, ael 21a Gd. N.Z. Drug Co. —Buy 58e. N.Z. Express (ord.) —Buy 14s. N.Z. Hardware (ord.) —Scl 9s 6d. N.Z. Hardware (pref.)—Buy Its 3d. N.Z. Paper Mills (old issue) —Buy 24s Id, sel 2ds. N.Z. Paper Mills (new issue)—Buy 2is 3d. N.Z. Sugar- of Milk—Buy 31a 6d. ■Otago Daily Times—Buy 495. Sbarland and Co.—Sel 235. Whitcombo and Tombs—Buy 70s. Wilson’s (N.Z.) Cement—Buy 23s 3d, sel 23a Gd. MINING. Rise and Shine—Buy 10.1, eel Is 2d. Waihi—Buy 29a 3d, sel 30s. Waihi Grand Junction—Buy Sa Bd, eel 9s. Electrolytic Zinc—Buy 30s. Mount Lycll—Scl 25s 6d. WAR BONDS. 41 per cent. Sends. 1938—Buy £97, ael £97 ss. 41. per cent. Bonds, 1939 —Buy £97, scl £97 7s Gd. 51 per cent. Soldiers’ Bonds, 1933 —Buy £IOO 17s Gd, sel £lOl ss. 41 per cdVit. Inscribed, 1938—Scl .£97 7a Gd. 51 per cent. Soldiers' Inscribed, 1933—8uy £101) 15s, sel £lOl 2s 6d. 5 per cent. Postal Bonds, 1927 —Buy £97 ss. 5 per cent. Postal Inscribed, 1927 —Buy £97 Ss. 5 per cent. Postal Bonds, 1923 Buy £97. 5 per cent. Postal Inscribed, 1929—8uy £97. *Odd pared. NORTHERN EXCHANGES. (Pur. United Press Association.) The following business was dono on ’Changes yesterday: Auckland. —Waihi, 29a 6d ; National Bank, £2 17s. Sale reported: Soldiers’ Loan, 29s 6d. Wellington.—Sale reported ; Union Bank, £l3 18s Gd. Christchurch. —Sales reported; New Zealand Government 5) per cent. (1933), £101; National Bank, £G 7s (four parcels); Union Bank, £l3 ISs Gd (two parcels); Canterbury Frozen Meat, £ls, £l4 18s; New Zealand. Government 5J per cent. (1911), £97 os; Beaoh and Co. £1 11s; Burns, Philp, £1 12s 3d (three parcels); Canterbury Fanners’ Cooperative, £1 Kte; Bank of New Zealand, £2 17s; Bunk of New South Wales, £37 17s Gd. Sales: Burns Philp, £1 12s.