THE SHARE MARKET.

Otago Daily Times, Issue 19270, 6 September 1924, Page 11

THE SHARE MARKET.

DUNEDIN STOCK EXCHANGE. AJ though, the week began quietly on the Dunedin Stock Exchange business brightened up a bit during iKo past two days, banks and breweries being the most active classes ox stock. Commercial Banks have moved around a good deal at 29s 9d and New; Zealand* have been turned over at 675. National Bank of Australasias have not been quoted since Saturday, and Unions have Decoded a little. Gear Meats have cased to a slight extent and are available at 445, buyers offering is 6d less. Both, issues of New Zealand Kefngeratings have also Ward’s Breweries have improved, and two parcels of New Zealand Brewery debentures were turned oven on Thursday at 21a Go. Other similar lines are reticent. British Tobaccos have appeared regularly on the market this week and axe now in demand at 43s 3d, with sellers quoting at a shilling more than this figure. There is a sustained inquiry fox Brown, Ewings (both issues), Brace Woollens, Colonial Sugars, and D.I.C. a (prof.), but sellers have not quoted. Dominion Rubbers aro on offer now at 17s 6d, but buyers have shown practically no interest. The ordinary issue of Kaiapoi Woollens have also depreciated and shares were available yesterday at 16*3 9d, hut no alteration has taken place in the other two issues. i The inquiry for MTeod Bros.’s soap at £ls has not yet elicited an offer to sell a margin of 9d exists between the quotations for Smith, and Smiths, which are wanted at 18b, while the offer for Wilsons Cements has improved very slightly. Cn Wednesday National Insurances were sought at 73a 9d, but the offer has since receded by 3d, which is still an advance on Monday’s figure. Sellers are quoting at 755. Standards haws weakened, and shares ana now procurable at 43s 6a. Tho ordinary issue of Huddart, Parkers has shown 'a docided depreciation in the inquiry, while the preference issue, on the other hand, has improved. The increase in P. and O.’s was apparently only a temporary one, as sellers ore now prepared to accept £3OO. Westport Cools and Stocktons (ordinary) are not as strong as they were at the beginning of the week. Shares m the new issue of Goldabrough, Morts are procurable at 465, but this still leavec a margin of Is 9d between the two quotations. Wmght, Stephensons, (ord.) have fallen off and the sum of 6a between the two quotations precludes any possibility of business. Waihis and Electrolytic Zincs (den orcL) have shown a distinct inclination to recede, this being especially noticeable in the Zincs, which are oh the market at 225. War Bonds were quoted fairly extensively by sellers, and 5J per cent* Inscribed Stock (1927-41) advanced in price to £99, with buyers offering £96. Sales; 5J per cent. Soldiers' Banda (1933), £lOl 10s.

Sales reported:: Bank of New Zeeland, 67». Tie yellowing are yesterday afternoon'* buying and selling quotations, which. are subject to the usual brokerage;—

BANKING. Bank of Austral os La—Bel £l3 19a.

Bank of N.S. Wales —Buy £4O 10a, Bans of Now Zeeland—Buy 575, sol 57s 64. Commercial Bank—Boy 296 6d, eel 30s 3d. National Bank—Sei £6 16a. Union Bank—Buy £l4 16s, sel £l4 19s. BREWERIES. N.Z. Breweries (Ltd.) —Buy 25a 84. N.Z. Breweries (Ltd.), .Debs, —Bay 21* Sd, ass. Wtard and Co.—Sel 63a 34. INSURANCB. National Insurance Co.—Buy 78a 6d, ad 7Ss. N.Z. Insurance Co.—Buy 29s 64, ael 80s. South British Insurance Go.—Buy 43b 94* Standard Insurance Co.—Sel 43a 64. SHIPPING. Huddart, Parker (ordL) —Buy 43a 94. Huddart, Parker (pref.)—Sol 21a. P. and O. Deferred Stock—Buy £291, sel £3OO. UJ3.S. Co. (pref.)—Buy 20s 3d. GOAL. Westport Coal Co. —Buy S6s 3d, sel 87a Sd. Westportßtockton (ord.) —Buy 3b 64, ad 4a. LOAN AND AGENCY. Dalgety and Co. —Buy £l3 7s 64. Goldsbrough, Mdrt—Buy 44s 6d. Goldsbrough, Mott (now issue) —Buy 43a ■el 455. National Mortgage—Buy 745, eel 77a. Perpetual Trustees —Buy 40s 6d. Trustees, Ex. and Agency—Buy 55s Sd, Wright, Stephenson (ord.) —Buy 218, set 27s 6d. Wright, Stephenson (pre£)—Buy 17a, eel 17s 9d. MEAT PRESERVING. Canterbury Meat—Buy £lB 12a 6d. Gear Meat Co. —Buy 42s 6d, sel 44a. N.Z. Refrigerating (pd.)—Buy 18s. N.Z, Refrigerating (cout.) —Buy 9s, eel 9* 7d ’ MISCELLANEOUS. British Tobacco—Buy 43s 34, eel 44s 34. Brown, Ewing (ord.) —Buy 288 9d. Brown, Ewing (pref.)—Buy 20s 64. Bruce Woollen Co.—Buy 325. Colonial Sugar—Buy £42, DJ.C. (pref.)—Buy 208 lOd. Dominion Rubber—-Sel ITS Gd. Kaiapoi Woollen (ord.) —Bel 168. Kaiapoi Woollen (pret)—Sel 19a 64. JlLeod BrOs,' Soap—Buy £l6. National Electric—Buy 18s Bd. ael X9a 64. N.Z. Drug Co. —Buy 670 9d, eel 69a. N.Z. Express (ord.)—Buy 18a Sd. N.Z. Express (prof.)—rßuy 17s 3d. N.Z. Hardware (cttc!.)B—Buy 4s 3d, N.Z. Hardware (pref.)—Buy 17s. N.Z. Paper Mini (ord.) —Sel 2Ss 3d. Otago Daily Times —Buy 68s. Smith and Smith (pref.)—Buy 18a, eel 188 od. Wilson’s (N.Z.) Cement—Buy SSa Sd, sat 29s Gd. MINING. Nokomai Hydiaulio—Buy is. j Waihi—Buy 27s Gd, sel 28s 6d. Electrolytic Zino (def, ord.)—Buy 21a Td, sel 225. Mount Lyell—Buy 20s 4d, sel 30b 74. WAR BONDS. 44 per cent. Bonds, 1938—Sel £9B. 44 per cent. Bonds, 1933—5 el £96. 44 per cent. Inscribed, 1935—5 el £SB. 4J pet cent.: Inscribed, 1939—5 el £9B. 5§ per cent. Soldiers’ Inscribed, 1933 —Sd £lOl 15s. 5 per cent. Postal Bonds, 1927—8uy £9B. ’64 per cent. Inscribed Bonds, 1927-41—Buy £3B, sel £39. The minimum subscription nf the Grey Valley Collieries (Ltd.) has been attained and allotment of shares will be made forthwith . Apply promptly for shares. Prospectuses obtainable frbm all sharebroker^. —l Advk NORTHERN EXCHANGES. (Peb United Pbess Association.) The following business wad done on ’Changes yesterday:— Auckland.—Sales; Bonk of New Zealand, 7s; New Zealand Insurance, 98 7d; Auckland Gas, 355; Wellington Woollen, £7; Milne and Choyce debenture stock, 22a 9d, 2SJ; Grand Junction, 2s 6d. Christchurch.—Sales reported: Goldsbrough, Mort (new issue), 41s 6d; Huddart, Parker, 44s Goar Meat, 48s 8d; Manning’s Brewery, 84s 9d; Ward’s Brewery, 62s 9d; Mason, Strothers (£1 paid), 255. Sale on ’Change: New Zealand Refrigerating (cant.), 9s sd.