THE SHARE MARKET.

Otago Daily Times, Issue 19009, 3 November 1923, Page 13

THE SHARE MARKET.

DUNEDIN STOCK EXCHANGE. There has, towards the end of the week, been a marked slackening in the demand for war bonds on the Dunedin Stock Exchange. Yesterday’s market closed with a fall in * of the selling quotations, and with an almost entire absence of buyers Alter the caU yesterday afternoon a sale of 5J per .cent. Soldiers’ Settlement Bonds (1933) was reported at £lOl. A week ago this line was no. available at less than £lO2 3s 6d. Mining ehares have also experienced weaker inquiry. Waihis were available yesterday at 268 without attracting a buyer above 25s 7d, and tho offer for Nokomais has during the last few days rested at 3s 6d. Two parcels oi Waihis were turned over on Wednesday at 26s whereas they realised 26s 3d on h riday of ’last week. Banking shares have, if anything, eased slightly, and have not been as active as during previous weekly periods or late. There were sales on Wednesday and Thursday of the new issue of Bank of New Zealand shares at 50s 3d and 50s respectively. On Wednesday there was a reported sal© of Bank of New South Wales shares .which were sought yesterday at £4O 15s, and at £4l ss. Insurances have been quiet, and without alteration in price. A sale of Standards at 28s was reported on Wednesday, and after the afternoon caH on Thursday there was a reported sale of Nationals at 77s 6d. Shipping shares have attracted a fair amount of .attention, and the business transacted lias been quite up to the average Two parcels of Huddart, Parker (ord.) were turned over at 42s on Wednesday, and tho same day two sales of Union Steam Ship Company (pref.) shares were reported at 20s 6d. Coal and loan and agency shares have not shown much prospect of business, but in meat preserving lines there has been a good deal of activity. The contributing issue of New Zealand Refrigerating Company shares has fallen back a little, having been sold at 12s on Monday and at 11s lOd on Wednesday. There was'also a reported sale at 12s on the latter occasion. Of Gear Meats there was a reported sal© at 41s on Monday,_ and there has since been fairly regular inquiry at that figure. In miscellaneous lines brewery debentures and shares have hardened somewhat and on Thursday there was a sale aud a reported sale of the former at £lO2 10s. Sales of Auckland Gas (new issue) at 3s 6d, of D. 1,0. (pref., cum div.) at 21s 3d, and of Bruce AVoollens at 38s 6d were also reported on Thursday, and yesterday a parcel of Milburn Lime and Cement shares was released at 365. Sale yesterday'. Milburn Lime, 365. Sale reported after afternoon call: 5J per cent. Soldiers’ Settlement Bonds (1933), £lOl. The following are yesterday afternoon’s buying and selling quotations, which are subject to the usual brokerage: BANKING'. Bank of Australasia —Buy £l3 2s 6d. Bank of N.S. Wales—Buy £4O 15s. Bank of New Zealand.—Sel 52s 3d. Bank of New Zealand (new issue) —Sel 50s National Bank—Sel £6 18s. Union Bank —Sel £l4 19s. INSURANCE. National Insurance Co. —Buy 775. N.Z. Insurance Co.—Buy 295, sel 30s. South British Insurance Co. —Buy 38s 6d. ’ Standard Insurance Co. —Buy 37s 6d. SHIPPING. Howard Smith —Buy 51s 6d. Huddart, Parker (ord.) —Buy 41s 6d, sel 42s 3d. Huddart, Parker (pref.)—Buy 20s. P. and O. Deferred Stock —Buy £oOS eel £314 U-S.S. Co. (pref.)—Buy 20s 3d. COAL. Westport Coal Oo.—Buy 39s 6d, sel 40s 6d. Wcstport-Stockton (ord.)—Buy Ss Id, eel 5s Gd. Westport-Stockton (pref.)—Buy Bs, sel 9s. LOAN AND AGENCY. Goldsbrough, Mort—Sel 46s 9d. Perpetual Trustees —Buy 3Ss. Trustees, Ex. and Agency—Buy 555. Wright, Stephenson (ord.) —Sol 29s 6d. Wright, Stephenson (pwtf.v—Say 16e 3d,

MEAT PRESERVING. Gear Meat Co.—Buy 40s 9d. N.Z. Refrigerating (pd.)—Buy 22s 9d, *#T -■ ■ Sis. : N.Z. Refrigerating (con.) —Buy 11m, eel 12* < Southland Frozen Meat (ord.)—Buy 325. MISCELLANEOUS. Brown, Ewing (ord.) —Buy 29s 9d. Brown, Ewing (pref.)—Buy 21a. Crown Brewery —Sel 65s 6d. D.I.G. (ord., ex div.) —Buy 2a prem. , D.I.C. (pref., ex div.) —Buy 20s 9d. : Dominion Rubber—Sel 19s. Donaghy’s Rope and Twine—Buy 84*. Dunedin-Kaikomi Trams—Buy 25* 3d. Dunedin Stock Exchange Propty.—Buy 45*, Kaiapoi Woollen (ord.) —Buy 21s 4d, sel 225. : Kaiapoi Woollen (con.) —Buy 10s 6d, eel 11* ’ Gd. ■” Kaiapoi Woollen (pref.)—Buy 21a. : Milburn Lime and Cement—Buy 86s. Mcsgiel Woollen Co. —Buy £7 10s. • f M'Leod Bros.’ Soap (ex div.) —Buy £2l. National Electric—Sel 19s. N.Z. Breweries (Ltd.) shares—Buy 255, Hi SGs 6d. N.Z. Breweries (Ltd.) debentures—Buy £lOl 15s, sel £lO3. N.Z. Drug Co.—Buy 665. N.Z, Express (pref.)—Buy 16s 9d. N.Z. Hardware (pref.)—Buy 16s 6d., N.Z. Paper Mills (ord.) —Buy 23a 6d, set! 24s 6d. Otago Daily Times—Buy 61a. Smith and Smith (pref.)—Sel 20a. Ward and Co. (Brewers)—Buy 41s 6d, Ml 43s 6d. Whitcombe and Tombs—Buy 725. . Wilson’s (N.Z.) Cement—Buy 28s, sel 28s 6d,‘ - MINING. Nokomai Hydraulic—Buy 3s 6d. Waihi—Buy Qss 7d, eel 265. Waihi Grand Junction—Sel os 2d. Mount Lyell—Buy 22s 6d, eel 23e 3d, WAR BONDS. 4 h per cent. Bonds, 1930—Sel £97 6s. 4i per cent. Bonds, 1938—Sel £97 6a. 44. per cent. Bonds, 1939—5 el £97 ss. 5i per cent. Soldiers’ Bonds, 1933 —Buy £IOO 17s 6d, sel £lOl 10s. 4i per cent. Inscribed, 193S—Sel £97 & 6d. 4 i per cent. Inscribed, 1939—5 el £97 2s 6d. 5i per cent. Soldiers’ Inscribed, 1933—5 el - £lOl ss. 5 per cent. Postal Bonds, 1927—8uy £97 17i 6d, sel £9B 10s. 5 per cent Postal Inscribed, 1927—8uy £9B *. sel £9B.* * Parcels of different sizes. NORTHERN EXCHANGES, (Pee United Press Association.) The following business was done 00 , ’Chances yesterday:—^ Auckland—Sales: Milne and Choyoe debentures, £100; National Insurance, 77*; \ Auckland Gas (new issue), 3s 6d; Kauri 1 Timber, 28s 3d; Wilson’s Cement, 28a 3d; New Waiotahi (con.), 6d; Grand Junction, 6a. Wellington—Sales: Waihi, £1 6a; Welling ton Investment, 10s. Christchurch. —Sales reported: New ZcaJanM Government 5 i per cent. Inscribed (1931 ■ £101; Dalgety (cum div.), £l3 11s 6d; W 3 lington Woollens (ord, oum rights), £9 2s 6d, Ward’s Brewery, 42s 6d; Kauri Timber M div.), 28s 3d; Burns, Philp, 325. Sale*:! Bank of New Zealand (old issue' 51s 6dj (»ew issue), 49s 6d; Kauri Timber (cum div.).