THE SHARE MARKET.

Otago Daily Times, Issue 19258, 23 August 1924, Page 11

THE SHARE MARKET.

DUNEDIN STOCK EXCHANGE. More sales took place on tho Dunedin Stock Exchange yesterday than on any other day during the week. Business on tho whole has been busier than usual. Banking shares have been aptive, and there has been a noticeable improvement in some lines. Buyers of Australasias began the week by quoting at £l3 16s, but their offer has increased to £l3 13s. sellers yesterday asking only 5d in advance of this price. New Zoalands have improved slightly, while tho offer for Unions haa increased hy 4s 6d. N.Z. Breweries have fallen off a good deal, and Mannings and Wards have appeared occasionally. This stock on the whole has boon weak. Insurances arc steady, but there has been no particular line attracting attention. Tho most active stock during the week was P. and O. Dcferreds. which commenced at £290. On Tuesday the offer increased to £293 10s, and on Wednesday a sale took place at £SOO, the quotations being separated by £l. Two sales took place on 'Change yesterday at £3lO. Howard, Smiths and Huddart, Parkers have both improved. Coals are firm, and quotations remain much tho same. Buyers of Dalgeties increased their offer by 2s 6d on Tuesday, but it again stands at £l3 ss. Sellers of Mortgages still ask 765, and on Tuesday there was an inquiry at 71s 6d, which has failed to reappear. Tho buying quotation for Loan ords. still remains at £9O, N.Z. Refrigeratings remain the centre of interest in meat preserving stocks, and sales of this lino have taken place. On Monday sellers of Canterbury Moats asked £l4, and Gear Moats appeared on Wednesday with a selling quotation of 445, which increased the following day to 455. British Tobaccos are quiet. There have been continuous buying quotations for Brown, Ewings, but sellers have failed to respond. Sellers of Dominion Rubbers now ask 19s, whereas they previously demanded 20s. Stock Exchange Proprieties have died off tho market, but Empire Buildings appeared yesterday, sellers asking 19s. Buy era of Dun-edin-Kaikorai Trains quote at 275, but sellers have not responded. Kaiapois started quite actively, but towards tho end of the week became very quiet. Expresses and Hardwares have both been active, and Wilsons remain unchanged. Mining shares have been busy, and sales of Waihis and Zincs have taken place. Sales of war bonds have beoa numerous, and all issues are firm. Sales: P. and O. Deferred Stock, £3lO (two parcels); National Electric, 19s 3d; N.Z. Breweries (Ltd.) Debentures, 21s 9d (two parcels); Bank of /Australasia, £l3 18s 61; N.Z. Refrigerating (cont.), 8s 5d (two parcels). Sale reported: Bank of N.Z., 57s 3d. Tlie following are yesterday afternoon’s buying and selling quotations, which are subject to tho usual brokerage :-rBANKING. Bank of Australasia —Buy £l3 18s, sol £l3 18s 3d. Bank of New Zealand—Buy 57a, gel 57s 3d. Commercial Bank—Buy 29s fid. National Bank—Buy £6 16s. Union Bank—Buy £l4 17s, sel £l4 19s. BREWERIES. N.Z. Breweries (Ltd.), Debs. —Se 3 21s 9d. Ward and Co. —Buy 51s. INSURANCE. National Insurance Co. —Buy 72s 9d. N.Z. insurance Co.—Buy 29s 3d, sel 29s fid. South British Insurance Co.—Buy 41s. Standard Insurance Co.—Buy 435. sel 44s 9d. SHIPPING. Burns Philp—Buy 345. Howard Smith—Buy 53s fid. Huddart, Parker (ord.) —Buy 455, sel 45s fid. Huddart. Parker (pref.) —Buy 20s 9d. P and O. Deferred Stock —Buy £3lO, sel £514. U.S.S. Co. (pref.)—Buy 20s 4d. COAL. N.Z. Coal and Oil—Sel 2s. Taupiri Coal (ord.) —Sel 18s 9d, Westport Coal Oo.—Sol 38s 3d. Wostport-Stookton (ord.)— Buy 4s lOd, sol 6s 3d. LOAN AND AGENCY. Dalgety and Co. —Buy £l3 ss. National Mortgage—Sel Tbs. N.Z. Loan and M. (ord.)— Buy £9O. N.Z Loan and M. (pref.)—Buy £7O. N Z. and River Plate—Buy 19s, ael 21a Perpetual Trustees—Buy 40s. Trustees. Executors, and Agency—Buy 555. Wright, Stephenson (pref.)—Buy 17s, sel ISs MEAT PRESERVING. N.Z. Refrigerating (pd.) —Buy 17s fid, sol 19s 6d. _ . N.Z. Refrigerating (cont.)— Buy 8s 4d, sel 6s 5d MISCELLANEOUS. Brown, Ewing (ord.)— Buy 28s 9d. Brown. Ewing (pref.)—Buy 20s fid. D.I.C. (pref.)—Buy 20s 9d. Dominion Rubber—Sel 19s. Dunedin-Kaikorai Trams—Buy 275. Empire Buildings—Sel 19s. Kaiapoi Woollen (cont.)—Sel Bs. Kauri Timber Co. (ord.)— Buy 295. Milburn Lime and Cement—Buy 37a Moagiel Woollen Co.—Buy £6 18s. M’Leod Bros. Soap—Buy £ls. National Electric—Buy 19s. N.Z. Drug Oo. —Buy 67s 9d. N.Z. Express (ord.)—Buy 17s 3d. NZ. Express (pref.)—Buy 17s 3d. N Z. Hardware (ord.)— Buy 4s, sel 5s 6d. n!z! Hardware (pref).—Buy 17s, sel 19s Z. Paper Mills (ord.)— Buy 23s fid, sel 23s lid. . „ Otago Daily Times—Buy 665. Smith and Smith (pref.)—Buy les 3d, sol 19s 3d Wilson’s (N.Z.) Cement —Buy 29s 3d, sel 30s. MINING. Waihi—Buy 28s 6d, sel 29s 3d. Wiahi Grand Junction —Buy 2s 6d. Electrolytic Zinc (pref.)—Buy 26s 3d, sel Zinc (def. ord.)—Buy 21s lOd, Lyell—Buy 20s 9d, sel 21s 2d.