THE SHARE MARKET

Otago Daily Times, Issue 18872, 26 May 1923, Page 11

THE SHARE MARKET

DUNEDIN STOCK EXCHANGE. The last weekly period on tho Dunedin Stock Exchange lias been fairly busy, and the prices of a number of lines have shown substantial advances. With the exception of Unions, which have not moved, all banking shares have registered a further improvement, but in insurances there has been really no fluctuation, although the inquiry for Standards has improved. Bank of New Zealands rose to as much as G3s on Thursday, but yesterday lost a little of the ground gained, a ealo taking place at 62s 6d. The only shipping shares to change their position have been Huddart, Parkers, the ordinary issue of which had a repotted sale at 43s on Monday, la, sale at that price on Tuesday, another at 43s 3d, on Wednesday, and three sales and two reported sales at 44s on Thursday, Union Steams (pref.) had a sale on AVednesday at 20s 9d and a repotted sale on Saturday at 30s 6d. Business has been quiet in loan and agency and coal lines, and in meat preservings the tone has been by no means as animated as it was the previous week. AA’ar Bonds have been sought at improved figures, and AVnihis, after effecting a considerable advance early in the period, have maintained the. baiter position established then. Sales took place at 24a 6d and 24s 9d on Tuesday, and then the price rose to ‘2ss 3d on Wedneeday, two more sales taking place at that price, yesterday and another at 25s 6d. Other mining shares have been steady, and there has been very little movement cither way in miscellaneous shares. Ward’s Brewery shares huvo been quoted freely, and there vfere two reported sales at 425. 6d on Monday, another two at that price on Thursday, and 1 one at 42a Od yesterday. Atsterday’s sales; P. and O. Deferred Stock, £330; AVestport-Stockton (ord.), 5s 3d; Bank of New Zealand, 62s 6d; AVailn,’ 25s 6d, 25s 3d (two). Sales reported: Howard Smith, 51s; Ward's Brewery, 42s i)d; Brown, Ewing (ord.). 28s; National Mortgage, 82s 6d; D.I.C. (prof.). 20s !)d; 5 per cent. Postal Inscribed Stock. 1920, £9B. The following are yesterday afternoon’s buying and selling quotations, which are subject to the usual brokerage; BANKING Bank of Australasia —Buy £l3 12s fid. Bank' of N.H. Wales—" Buy £4O 12s 6d. Bank of New Zealand —Buy fi‘2s, sel 62s 9d. National Bank—Buy £6 14s 3d. P. and O. Bank—Buy £ls. Union Bank—Buy £l4 14». eel £l4 16s INSURANCE. National Insurance Co.—Sel 70s fid N.Z. Insurance Co. -Buy 29s 9d. South British Insurance Co.—Buy 395; eel 40s. Standard Insurance Co,—Buy 38s 3d. SHIPPING, Howard Smith—Buy 53s fid, sel So».

Huddart, Parker (ord.)—Buy 43s 6d, pel 445. Huddart, Parker (pref.)—Buy 19s 9d. P. and O. Deferred Stock—Buy £329, set £335. U.S.S. Co. (pref.)—Buy 20s 6d. COAL, “Westport Coal Co.—Buy 39s 3d, sel 39s 9d. Westport-Stockton (ord.) —Buy os 4d, sol os 6d. Westport-Stockton (pref.)—Buy 8s 2d. LOAN AND AGENCY. Dalgety and Co. (ex div.) —Buy £l2 ss. Goldsbrough, Mort —Buy 48s, sel 50s. National Mortgage—Buy 81s fid. N.Z. Loan and M. (ord.)— Buy £79, sel £B4. N.Z. and River Plate—Buy 21s Cd. Perpetual Trustees —Buy 37a. Trustees, Ex. and Agency —Buy 49s 3d. Wright, Stephenson (ord.)— Buy 275. ' Wright, Stephenson (pref.)—Sol 17a 6d. MEAT PRESERVING. N.Z. Refrigerating (pd.)—Buy 25s 3d, eel 25* 9cl.* N.Z. Refrigerating (con.)—Buy 13s 3d, set 13a 7d. Southland Frozen Meat (ord.)r- Buy 28s. South Otago Freezing—Buy 90s. MISCELLANEOUS. Brown, Ewing (ord.) Buy 27s 9d. Brown, Ewing (pref.)—Buy 20s 3d D.I.C, (pref.)—Buy 20a 7d. Colonial Sugar—Buy £47, eel £6l. Dental and Medical Sup.—Sel 20s Bd. Dominion Rubber —Buy 19s, sel 20b fid. Dunedin-Kaikorai Trams—Buy .25s 3d. Dunedin Stock Exchange Propty.—Buy 435. Dunlop Rubber—Buy 21a. Kaiopoi Woollen (ord.)—Buy 23a 9d. Ivaiiipoi AVoollen (con.)— Buy lie fid. Kaiapoi Woollen (prof.)—Buy 21s 9d. M'Lood Bros.’ Soap—Buy £l6. National Electric—Sel 21s. N.Z. Drug Co. —Buy, 645. N.Z. Express (pref.)—Buy 14s fid. N.Z. Hardware (pref.)—Buy 15s. N.Z. Paper Mills (ord,, cum div.) —Sel 263. N.Z. Paper Mills (new issue, cum div.)—Sel 26®. • Otago Daily, Times —Buy 655. Smith and Smith , (pref.)—Buy 19s 3d. Ward's Brewery—Buy 42s 9d. Wilson's (N.Z.) Ocment—Buy 26a 3d, sel 375. MINING. Waihi~Buy 2Ss 2d, sel 25s fid. Waihi Grand Junction—Buy 7a' 4d, sel 7s fid. Mount Lyell—Buy 24s 4d, sel 255. WAR BONDS. 44 per cent. Bonds, 1930—Buy £97 12s (Vj--4J per cent. Bonds, 1938—Buy £97 15s, sel £9B 7a fid. 44 per cent. Bond®, 1939—8uy £97 15s. 64 per cent.- Soldiers’ Bonds; 1033—Buy £lO2 Ss. 44 per cent. Inscribed, 1938 Buy £37 15s. 44 per cent. Inscribed, 1939—8uy £97 15a. 54 per cent. Soldiers’ Inscribed, 1933—8uy £lO2 ss. x 1 5 per cent Postal Bonds, ,1927~8uy £9B. 5 per cent,’ Postal Inscribed, 1927—8uy £9B. 5 per cent. Postal Bonds, 1929—8uy £9B. . 5 per cent. Postal Inscribed, 1923 —Buy £9B. * Odd parcel. NORTHERN EXCHANGES. , (Peb United Pbess Association.) Tite following , business was dono on ’Changes yesterday: . Auckland.—Sales r War Loan (1938), £97 17® fid; New Zealand Inscribed (1838), £98(1939), £9B; Bank of Australasia, £l3 13s; Auckland Gas, 25a fid; (con.), 26s fid; Birkenhead, Northoote Gas, 16s fid; Northern Steam, 14s 9d; Union Oil, 325; Wilson’s Cement, 26s’ 6d; Waili, 25s 3d; Grand Junction, 7s fid. Christchurch.—Soles reported: National Bank of New Zealand, £6 16s; 'Huddart, Parker, £2 4a (two parcels); Crown Brewery, £2 10s; Manning’s Brewery, £5 10s; Ward’s Brewery, £2 3s; Waihi Grand Junction, 7s 4d, ■7s sd.