THE SHARE MARKET.

Otago Daily Times, Issue 19039, 8 December 1923, Page 13

THE SHARE MARKET.

dunbdin stock exchange. The Dunedin Stock Exchange experienced an unusually busy period ths and a largo number of sales haw.been effected, Bank of New Wands and Waih being exceptionally active. i /l w n ;’u 1 ' a the Inst there have been 13 sales of WaA», the prices .ranging from 28s 6d to Ms- 6d, former figure ruling towards the eiid week. ' Bank of Australasias have been available throughout the week at between £1 2s 6d and £l3 &s, but no offers have been forthcoming. Other banking lines have been fairly steady end insurance shares aie -awo firm. South British and Standard I™" 11 anoe shares have been sought consistently at 3So, and on Thursday the offer was increased to 38s 3d. Neither of these two lines, however, are available at less than 89a. Huddart, Parkers showed a slight advance yesterday, the buying quotations being 41s, v.-itu sellers asking Gd more. P. and O. btocK has shown an improvement, and buyers are cow willing to pay £3OO. Union Steams have shown little alteration. Coal and Oile were available yesterday and on Wednesday at 3s, without exciting a response. „ , getys have been in demand at £l3, but sellers are unwilling to part, while on the other hand Goldsbrough, Morts have been available at 45s 6d to 46s 6d without any offers. Buyers are offering £Bl for Doan and Mercantile shares, but the selling quotation exceeds this sum by £5. Other loan and agency shares are fairly steady. Crown Brewery shares were sought at S6s on Monday without a response, and yesterday th© offer was increased by 6d, with sellers asking 3d more. D.I.C. (pref.) were sought at 21s on Friday last, but the offer decreased very slightly during the week. These shares have not been available for quite a long time. The price of Dominion Rubbers has fallen to 18s, but the highest offer ie 2s short of this sum. Donaghy’.s Ropes, Dunedin-Kaikorai Trams, and Dunedin Stock Exchange shares have shown practically no variation, and have been in consistent demand during the week without attracting a seller. Kaiapoi Woollens are firm and Milburn Limes are also steady, with no selling quotation during the week. M’Leod’e Soaps are in steady demand at £2l, but holders have not shown any inclination to part. There is a difference of 3s Gd between the buying and selling quotations of National Electrics, which are sought at 16s. Breweries deGentries fell slightly in price yesterday, and there was a sale at £lO2. On Monday brewery stock reappeared on the market with the buying and selling quotations at £IOO 10s and £lOl 10s respectively. New Zealand Drugs are wanted at 66a, though during the middle of the week the offer was 66s 6d. The ruling offer for Otago Daily Times shares is 61s 6d, but they have not been available for a long time. Waihis eased considerably toward the end of the week and buying and selling quotations are now 28s and 295, respectively. War Bonds have been in demand, though certain classes were available in the early part of the week. Sales: Bank of New Zealand (new isaue), 60s; Dominion Rubber, 17s; Kaiapoi Woollen (ord.), 216; New Zealand Breweries’ debentures, £102.The following are yesterday afternoon’s buying and selling quotations, which are subject to the usual brokerage:— BANKING. Bank of Australasia—Sel £l3 Ss. Bank of New Zealand —Buy ols 6d, sel 525. Bank of New Zealand (new issue) —Buy 50s, eel SOe 6d. National Blank —Buy £6 15s, ael £6. 17s 6d. Union Bank—Sel £l4 18s fid. ' INSURANCE. National Insurance Co. —Se! 765. N.Z. Insurance Co.—Buy 28s Bd, eel 295. South British Insurance Co. —Buy 88s 3d. Standard Insurance Co.—Buy 36s 3d. SHIPPING. Huddart, Parker (ord.) —Buy 41s, sel 41s 6d. Huddart, Parker (pref.)—Buy 20s, eel 21s. P. and 0. Deferred Stock—Buy £3CO. U.S.S. . Co. (pref.)—Sel 20s 9d. COAL. N.Z. Coal and Oil —Sel 3s. Westport Coal Co. —Buy 375, sel SSe. Westport-Stooktoa (ord.) —Sel Ss 6d. Westport-Stockton (pref.)—Sel 8s 6d. LOAN AND AGENCY. Dalgety and Co.—Buy £l3. Goldsbrough, Hort—Buy 44s 9d, eel 4o» 9d. National Mortgage—Sel 78s 6d. N.Z. Loan and M". (ord.) —Buy £Bl, eel £BS. N.Z. and River Plate — Buy 20b 6d. Perpetual Trustees — Buy 37s 6d. Trustees, Ex. and Agency— 545. Wright, Stephenson (ord.) —tIST 398 3cf. MEAT PRESERVING. Gear Meat Co.—Sel 435. N.Z. Refrigerating (pd.)—Sel 23s 6d. N.Z. Refrigerating (con.) —Sel He 2d. Southland Frozen M. (ord.) —Buy 325. MISCELLANEOUS. Brown, Ewing (pref.)—Buy 20s 9d. Bruoe Woollen Co. —Sel 365. Crown Brewery—Buy 56s 6d, sel 57s 9dD. 1.0. (ord.)—Buy 3s 6d prem. D.I.C. (pref.)—Buy 21s. Dental and Medical Sup.—Sel 21s 6d. . Dominion Rubber—Buy 16s, sel 18s. Donaghy’o Rope and Twine—Buy 34e. Dunedin-Kaikorai Trams—Buy 265. Dunedin Stock Exchange Propty.—Buy 45a. Kaiapoi Woollen (ord.) —Buy 20s, sel 21s 6d. Kaiapoi Woollen (con.) —Buy 10s, sel 11s. Kaiapoi Woollen (pref.)—Buy 21s, eel 21s 6d. Manning’s Brewery—Buy 24s Gd. Milbum Lime and Cement—Buy 35s 9d. M‘T aod Bros.’ Soap—Buy £2l. National Electric.—Buy 16s, sel 19a 6d. N.Z. Breweries (Ltd.) —Buy 235, eel 24s 3d. N.Z. Breweries (Ltd.) Debentures—Buy £lOl 10s. N.Z. Breweries (Ltd.) Stock—Buy £IOO 10s, eel £lOl 10s. N.Z. Drag Co. —Buy 665. N.Z. Hardware (pref.)—Buy 16s 6d. N.Z. Paper Mills (ord.) —Buy 21s lOd, eel 32s Gd. Otago Daily Times —Buy 61s 6d. Sharbwrd and Co. —Sel 22s 6d. Smith and Smith (pref.)—Buy 18s 3d, sel 19s 6d. Ward and Co. (Brewers) —Buy 41s, sel 42s 6d. Whitcomb© and Tombs—Buy 725. Wilson’s (N.Z.) Cement—Buy 27s 9d, sel 28s 3d. MINING. Waihi—Buy 28s 6d, sel 295. Waihi Grand Junction—Buy 4s Bd, sel ss. Electrolytic Zinc—Buy 275. ' Mount Lyell—Buy 22s 3d, sel 235. WAR BONDS. 45 per cent. Bonds, 1988—Buy £O6 15s, sol £37 ss. 44 per cent. Bonds. 1939—5 el £97 se. 5J per cent. Soldiers’ Bonds, 1933—8uy £IOO 15e. 44 per cent. Inscribed, 193d—Buy £96 15s. 4{ per cent. Inscribed, 1939 —Buy £96 15s. 54 per cent. Soldiers’ Inscribed, 1933—8uy £IOO 12s 6d. NORTHERN EXCHANGES. Th© following business was done on ’Change yesterday: Christchurch. —Sales reported; New Zealand Government EJ per cent. Inscribed (1927-41), £93 4s: Bank of New Zealand (old issue), 51s 9d, 525. Sales: New Zealand Insurance, 28s 9d. Wellington.—Sales reported: War Loans, Inscribed Stock (1939), £97; Auckland Gas, £1 5s 4Jd; Kauri Timber Company (cum.), £1 9s 6d (two parcels); Crown Brewery, £2 I7s 9d; Wileon Time and Cement, £1 is Bd. Auckland.—Sales; Hikurangi Coal (pref.), 6d; Auckland Gas, 25s 6d; (con.), 3s sa; Gisborne Gas, 14s; National Pictures, 18s 1 Gd; Wilson’s Lim© and Cement, 27s lid; Waihi, 295.