THE SHARE MARKET

Otago Daily Times, Issue 19240, 2 August 1924, Page 13

THE SHARE MARKET

DUNEDIN STOCK EXCHANGE. Business on the Dunedin Stock Exchange has been fairly brisk this week, and quite a number of transactions have taken place, particularly in Bank of Now Zealands, which have moved about extensively. Other bank ing lines have changed hands a good dea-, too and a certain amount of business has been done in War Bonds. There has been a noticeable improvement tn Bank of Aus tra’-asi-aa New Zealands, and Unions, and other similar lines are fairly firm. National Insurances cased off 'slightly towards the end of the week, but little alteration has taken place in other insurance stock. Burns, Philps are wanted at 345, but tho latest selling quotation is 30s, leaving a margin of 2s, which makes business unlikely under present circumstances. Both issues of Huddart, Parkers are firm, and P. and O.’e are weak, while tho offer of 20s 4d for Union Steams has not varied. Taupiri Coals are wanted at 18s, and the offer for Woatports is in the vicinity of 375. The ordinary issue of Westport-Stocktons is available at 5s 3d, ■with buyers coffering 2d lees, while the quotations for the preference issue arc tho same. Loan and Mercantiles (ord.) aro on offer at £92 —a slight decrease —and other load* and agency shares aro practically unaltered. Meat preserving lines are quiet. British Tobaccos were procurable during tho week at 435, with buyers offering 6d leas. Brown, Ewings (ordinary), have improved a tittle, and Dominion Rubbers aro also stronger than they were earlier* in the week. There is still a fairly wide margin between the buying and selling quotations, however. The ordinary issue of Kaiapoi Woollens, have advanced to a slight degree, and the other issues are firm. The offer for Milburn Limes and M’Lood Bros.’ Soaps increased slightly during the week, but there was no responding quotation for either. A shilling margin still prevents business in National EJectnos, which arc on offer at 19s Gd. New Zealand Drugs, Brewery shares, and both issues of New Zealand Expresses are steady, while Otago Daily Times shares arc still in demand at 665. The priori of Smith and Smith shares has decreased to 18s Gd, while tho offer for Waid's has advanced* to 51s 6d without attracting a selling quotation. Wilson’s Cements have also advanced, and a sale was reported on Monday last at 295. Mining shares have been quiet, and Waihis have decreased a little. A decided improvement took place yesterday in the offer for War Bonds, nearly all tho 4j per cent, issues being sought at £97 17s 6d. There were no offers to part, however. Sales; Ward’s Brewery, ols Od; Mount Lyell, 21s (two). Sales reported: Westport-Stockton (ord.), 5s lid; National Bank, £6 lls Gd; Bank of New Zealand, 57s (two). Tho following are yesterday afternoon’s buyirg and soiling quotations, which aro subject to the usual brokerage: BANKING. Bank of Australasia—Buy £l3 12s, sol £l3 17s. Bank of N.S. Wales—Buy £4l 10s. Bank of New Zealand—Buy 56s 9d, eel 67s 3d. National Bank —Sel £6 12s. National Bank of Australasia (£5 paid)— Buy £ls 10a. National Bank of Australasia (cont,)—Buy £7 13s Gd. Union Bank —Sel £ls 15s. Commercial Bank —Buy 29a. INSURANCE. National Insurance Co. —Sel 73s Gd. N.Z. Insurance Co. —Buy 23s Gd. South British Insurance Co.—Buy 40a 6d, eel 41s 3d. Standard Insurance Co.—Buy 42a 6d, sel 44s 3d. SHIPPING. Burns, Philp—Buy 31s, eel 3Gs. Huddart, Parker (ord.) —Buy 43s 9d, sel 44s Gd. Huddart, Parker (pref.)—Buy 21s. P. and 0. Deferred Stock—Buy £276, eel £292. U.S.S. Co. (pref.)—Buy 20s 4d. COAL. N.Z. Coal and Oil—Sel 2s. Taupiri Coal (ord.) —Buy 18a. Westport Coal Co. —Buy 375. Westport-Stockton (ord.) —Buy Ss Id, eel 6s 3d. Westport-Stockton (pref.)—Buy 6s 7d, sel 7s 6d.

LOAN AM) AGENCY. Dalgety and Co. —Buv £l3. Goldnbrmigh, Mart—Buy 4Cs Od, Bel 48s. N.Z. Bonn and M. (ord.) —Scl £92. N.Z. and River Plato—Buy 19s. Perpetual Trustees —Buy 40s. Trustees, Ex. and Agency—Buy 555. Wright, Stephenson (pret.) —Buy 17s. MEAT PRESERVING. N.Z. Rcfriecrating (ex div.) —Sol 20a. N.Z. Refrigerating (coni.}— Buy 8a Gd, eel 3s lid. MISCELLANEOUS. Brown, Ewing (ord.>—Buy 2Ss Od, D.I.C. (ord.) —Buy 4s Gd, eel 6s 2d. 8.1. C. (prof.)—Buy 20s Gd. Dominion Rubljer—Buy 16s, sel JBs. Kaiapoi Woollen (ord.) —Buy 15s 3d. sel 168. Kaiapoi Woollen (coni.) —Buy 7«, eel Bs. Kaiapoi Woollen (prof.)—Buy 18s. Milburn Dime and Cement —Buy 3Gs 3dMoagiel Woollen Co.—Buy £6 IGb. M’Lood Bros.’ Soap.—Buy £ls. National Electric—Buy 18s Gd, eel 19s Gd. N.Z. Breweries (Ltd.) —Buy 2Ss. N.Z. Breweries (Ltd.) Debentures —Buy 21s 9d, scl 22s 3d. N.Z. Breweries (Ltd.) Stock—Buy 21s 9a. N.Z. Drug Co.—Buy 07s 6d. N.Z. Express (ord.) — Buy 17b. N.Z. Express (prof.)—Buy 17s. N.Z. Hardware (ord.) —Sc.l ss. N.Z, Hardware (prel.)—Buy ICs 9d. N.Z. Taper Mills (ord.) —Buy 23s 3d, Bel 23s 9d. Otago Daily Times —Buy 665. Smith and Smith (pref.)—Scl 18s 6d. Ward and Co. (Brewers) —Buy 51fi Gd. Wilson's (N.Z.) Cement —Buy 295, sel 29s 6d. MINING. Nokomai Hydraulic—Buy 2s, eel ss. Wald—Buy 29k. Electrolytic Zinc (pref.)—Buy 26s Gd, 80l 27s Gd. Electrolytic Zinc (def. end.) —Buy 22a Gd, Bel 23s 6d. Mount Lveli —Buy 20s lOd, eel 21a. WAR BONDS. 4J per cent. Bonds, 1930—Buy £97 10s. 41 per cent. Bonds, 193 S—Buy £97 17s 6d. 4J per cent. Bonds, 1939—8uy £97 17s Gd. 51 per cent. Soldiers’ Bonds, 1933—8uy £lOl 15s. ■ll per cent. Inscribed, 1938 —Buy £37 17s 6d. 4} ner cent. Inscribed, 1939 —Buy £97 170 6d. 5} per cent. Soldiers’ Inscribed, 1933— Buy £lOl 12s Gd, sel £lO2. ' 5 per cent. Postal Bonds, 1927—8uy £9B. 5 per cent. Postal Inscribed, 1927—8uy £9B. 54 per cent. Inscribed, 1927-41—Buy £9B. NORTHERN EXCHANGES. (Feb United Pbkss Association.! The following business was done on ’Changes yesterday: Auckland.—Brewery debentures, 21s 9d; Now Zealand Insurance, 30s; Auckland Gas, 255, Huddart, Parker, 43s 9d; Goar Meat, 435; National Pictures, 16s. Christchurch.—bales reported; New Zealand Government 4i per cent. Inscribed (1938), £37 17s 6d; New Zealand Fanners 1 Co-operative* (£2 paid), 12s 6d; New Zealand Farmers’ Co-operative (Gy per cent, stock, 1930), £37 10s; Whitcombo and Tombs, 745. Sales on ’Change: Bank of New Zealand, 66a 9d (two parcels); Westport-Stockton, 5s 2d; Ward's Brewery (cum. div.), 52a 3d (three parcels). Wellington.—Sale reported: Ward and Co. (cont.), £2 12s.