THE SHARE MARKET.

Otago Daily Times, Issue 19252, 16 August 1924, Page 11

THE SHARE MARKET.

DUNEDIN STOCK EXCHANGE. Business opened quietly on the Dunedin Stock Exchange this week, but the market became rather lively on Tuesday, and there was also a fair number of transactions on Thursday and yesterday. HuddartParkers have moved around a good deal, and banking lines also have changed hands on two or three occasions. Prices for banks are, on the whole, firm, and Nationals indeed have shown some decided improvement, shares being sought yesterday at £6 13s Od, with sellers asking only a shilling more. A sale in this stock was reported yesterday at £0 13s Od, and a parcel of New Zealands was also turned over on ’Change at 575. Insurances are firm, though htere has been a very slight fluctuation in prices, and two gams were recorded during the week, one of New Zealands at 29s 3d and another of Standards at 43s 6d. Howard Smiths (shipping) weakened slightly during the week, but the price rose yesterday to 33s Od, witli buyers offering 0d less. HuddartParkers arc substantial, while the latest offer for P. and O. Deferred stock is £287, the highest offer this week being £2BB. The celling quotation stands at £3OO. Now Zealaud Breweries have not advanced, and other lines are quiet, though the offer for Ward’s has improved. Crowns have not been quoted this week. Taupiri Coals have risen in price to 19s, but so far buyers hare not shown any interest. Westports are available at 38s Od, and there has been a slight depreciation in both issues of Westport-Btocktous. Not much movement has taken place in Loan and Agency lines, and prices are mostly fairly steady. Meat Preserving shares also are dull, and prices have not altered to any noticeable extent. The margin between the quotations for Dominion Rubbers has now decreased to a shilling, buyers yesterday offering I7s Od. A sale was effected yesterday In the ordinary issue of Kaiapoi Woollens (ord.) at 17s 3d, and the market closed with buyers offering 375, sixpence less than the selling quotation. The preference issue has also improved, the offer now being 19s 6d. Kauri Timbers are wanted at 295, and Milburn Limes and Mosgiel Woollens are in demand at SGs 9d and £6 18s Od respectively. Both issues of Now Zealand Expresses advanced a little In offer during the week, but so far there has not been an offer to sell. The ordinary issue of New Zealand Hardwares has, on the other hand, fallen off by a small amount. Otago Daily Times shares are still wanted at GGs, but holders have seen no reason to quote at all. Buyers were offering 29s for Wnihis yesterday, and sellers wore willing to part at 20s Od, but no business was done. Other mining stock is fairly sound. A certain amount of business has been done in 4J per cent, war bonds of the 3038 and 3939 issues, and prices all round have firmed. Sales; Bank of New Zealand, 575; Kaiapoi Woollen (ord.), 17s 3d. Bales reported; 4} per cent. 1038 Bonds, £08; lluddnrt-Pnrker (ord.), 44s Od; National Bank, £0 13s Od; N.Z. Paper Mills, 23s 9d; Standard Insurance, 48s Od. The following arc yesterday afternoon's buying and selling quotations, which are subject to the usual brokerage:— —Banking.— Bank of Australasia —Buy £l3 ISs. Bank of N.S. Wales-Buy £4l 10s, sel £42. Bank of New Zealand—Buy 60s Od, sol 57s 3d,

Commercial Dank —Boy 20s, sel 30s. National Bank—Buy £0 13a 00, sel £0 14s Od. P. nod O. Bank—Sel £l2 ss. Union Bank—Buy £l4 12s Od, sol £l4 17s Gd. —Breweries. — Manning and Co.—Buy 31s Sd. N.Z. Breweries, Ltd.—Buy 2Gs Od, sel 27s Cd. N.Z. Brew., Ltd., Debs.— Buy 21s Od, sel 22a Id. Ward and Co.—Buy 50s 9d, sel 51s Od. —lnsurance. National Insurance Co. —Sel 73s 3d. N.Z. Insurance Co.—Buy 29s 3d, sel 29s 4d. South British Insurance Co.—Buy 41s. Standard Insurance Co. —Buy 435, —Shipping.— Howard Smith—Buy 335, sel 33s Od. Huddart, Barker (ord.) —Buy 44a, sel 44s 9d. Huddart, Parker (pref.)—Buy 20s 9d. P. and O. Deferred Stock —Buy £287, sel £3OO. U.S.S. Co. (pref.)—Buy 20s C(L —Coal.— N.Z. Coal and Oil—Sel 2s. Taupiri Coal (ord.) —Sel 193. Westport Coal Co.—Buy 375, sel 38s Od. Westport Stockton (ord.) —Buy ss, sel 5s Od. Westport Stockton (pref.)—Buy 6s Od, sel 7s Od. —Loan and Agency.— Dalgety and Co.—Buy £l3 ss. Goldsbrough Mort (cum right)—Buy 46s 6d, sel 48s. Goldsbrough Mort Rights—Buy 7s 6d, sel Ss 9d. National Mortgage—Scl 76k. N.Z. Loan and Mercantile (ord.) —Buy £9O. N.Z. and River Plate—Buy 19s 60. Perpetual Trustees —Buy 40s. Trustees, Ex., and Agency—Buy 555. Wright, Stephenson (ord.) —Sel 30s. Wright, Stephensoi} (pref.)—Buy 17s, sel ISs. —Meat Preserving.— N.Z. Refrigerating (pd.)—Sel 20s. N.Z. Refrig. (cont.)— Buy Bs, sel 9s. —Miscellaneous. — „ Brown, Ewing (ord.) —Buy 28s 9d. Brown, Ewing (pref.)—Buy 20s Gd. Bruce Woollen Co.—Sel 325. Colonial Sugar—Buy £42. D.I.C. (ord.)—Buy 4s Od, sel 5s 2d. D.I.C. (pref.)—Buy 20s Gd, sol 21s. Dominion Rubber—Buy 17s Od, sel 18s 6cl. Dunedin-lCaikorai Trams —Buy 275. Kaiapoi Woollen (ord.) —Buy 17s, sel 17s 6d. Kaiapoi Woollen (cont.) —Buy 7s. Kaiapoi Woollen (pref.)—Buy 10s 6d. Kauri Timber (ord.) —Buy 20s. Milburn Lime and Cement—Buy 30s 9d. Mosgiel Woollen Co.—Buy £6 ISs Gd. ‘M'Lcod Bros. Soap—Buy £ls. National Electric—Buy 10s, sel 19s Od. N.Z. Drug Co.—Buy G7a 9d. N.Z. Express (pref.)—Buy 17s 3d. N.Z. Hardware (ord.)— Buy 3s Od, sel 5s Od. N.Z. Hardware (pref.)—Buy IGs Od. N.Z. Paper Mills (ord.)— Buy 23s 3d, sel 245. Otago Dally Times—Buy GGs. Smith -and Smith (pref.)—Buy 18s 3d, sel 19s 3d. Wilson’s (N.Z.) Cement—Buy 20s 3d. —Mining.— Waihi—Buy 295, sel 29s Od. Waihi Grand Junction—Buy 2s Cd, sel 3s. Electrolytic Zinc—Buy 26s 3d. Electrolytic Zinc (pref.)—Buy 20s 3d. Electrolytic Zinc (clef. ord.)t—Buy 225. Mount Lycll—Buy 20s Od, sel 21s. 6d. —War Bonds. — 4J per cent. Bonds, 193 S—Buy £97 17s Od. 41 per cent. Bonds, 1030—Buy £97 17s 6d. 5J per cent. Soldiers’ Bonds—Buy £lOl 15s, sel £lO2 ss. i J p er cent. Inscribed, 1038—Sel £OB 2s Od. ' 51 per cent. Soldiers’ Inscribed, 1933—5 el £lO2. 5 per cent. Postal Inscribed, 1927 —Buy £OB. 5 per cent. Postal Inscribed, 1929—8uy £9B. 5£ Inscribed Bonds, 1027-41 —Buy £98." NORTHERN EXCHANGES. (Per United Press association.) s The following business waa dene on ’Changes yesterday;— _ ~ Aucicland.—War Loan, 1027, £9B ss; South,, British, 41s 6d; Waihi, 2Ss Od and 295; Rising Snn, la 9d. _ . , Wellington.—Sales reported; New Zealand Government Loans Inscribed Stock, 1908, £9S; War Bonds, 1938, £93. Christchurch, —Kaiapoi Woollen (ord.), 17s (two parcels) and 17s 4JcL. \ ■» -

RUGBY FOOTBALL

AINGE SHIELD MATCH. University and Pirates will meet to-day to play for the Ainge Shield, and this is expected to jirovide one of the closest games seen at Carisbrook this season. Doth teams play fast, open football. As a curtain-raiser to the match the President’s Grade match. High School E. v. Southern, will be played, and an interesting game Should be witnessed between these two teams, as they are two of the leading teams in this competition. The whole of the proceeds of this match will be devoted to charity, and it is anticipated that there will be a large attendance. The box plan Is now open at the Bristol, and ground tickets car be obtained at the Otago Sports Depot and S. Jacobs's. Ground membofS are requested to refrain from using their members’ tickets on this occasion. There will be absolutely no free list for this match, excepting for disabled soldiers.