THE SHARE MARKET.

Otago Daily Times, Issue 19505, 13 June 1925, Page 13

THE SHARE MARKET.

DUNEDIN STOCK EXCHANGE. Business on the Dunedin Stock Exchange has been satisfactory during the week. A little activity was displayed in Bank of Australasias on an improving market Sales were effected at £l4 5a 6d, closing yesterday with a buyer at £l4 6s 6d and a seller at £l4 11s. Bank of New South Wales have not been quoted readily, and the market dosed far the week with buyers at £4l and j sellers at £4l IDs respectively. Bank of New I Zealands have accounted for a good deal I of business, and closed slightly easier. The , Iralance sheet figures are now available, and < chow highly satisfactory results for the past year. The profits were £840,485, as against .-175,703 last year. The same dividend as last - year was recommended, and £250,000 added to the reserve, and £513,290 carried forward —a total of £3,088,299. Commercial Banks have improved, buyers offering 30a 6d, while - : - sellers are asking 31s. There is but little (Iteration in National Banks. The rights were quoted at yesterday afternoon’s callover at buyer 265, seller 26s in different lots. P. and O. Banks are inquired for at £lO ss. National Bank of Australasias are firmer, and are wanted at £l6 6s, with a teller at £l6 9b 6d. National Insurances changed hands yesterday at 70s 6d on the morning call, and during the afternoon several hundred shares were turned over at 70s £d and 71s, the market closing with buyers t.t 70s 9d and sellers at 71s 3d. New Zealand Insurances touched 34s 6d during the week, and are still on offer at this price. Standards improved to buyer 43s Gd, seller 45a. Huddarts have been stationary, buyer 41s 3d, seller 44s 9d. . Westport Coals are slightly easier. G old-sbrough, Morts (new issue) vhas not helped to improve the quotations for shares, buyers 475, sellers 47s fid. The Now Zealand Refrigerating Company is offering £300,000 of debentures. 5i per cent, f ree of tax, and 6J per cent, taxable to 4s 64 hi the £l. Half the amount is required to radeem a 6 per cent, debenture issue about ti mature, but the directors do not indicate what the balance is required for. The shares have weakened, nonunion Rubbers had a further rapid rise during the week, and ace now quoted, buyers 325, sellers 34s 9d. Dunedin -Stock Exchange, Proprietary shares are in demand at 655, New Zealand Paper Mills have improved from 19s 7d last week to sales 20s 6d, buyer 20a 6d, and seller is 9d. Wilsons Portland are wanted, ax div., 32s 3d, with sellers Is higher. Now Zealand Breweries (Ltd.) are firm at 40s, without sellers, and sales have been made m the debentures at 225. Kawaraua were sold i during the week at 14s 9d, the market closing yesteiday afternoon with a seller at IVs, without response.' Nckomai Hydraulics are slightly easier. Mount Lyells are quoted buyer 21s 6d, seller 22a. New Zealand Government securities have not altered maten■illy, buyers £96 15s, sellers £97. The Si per cents, axe 'rather firmer at buyer £lOl 2s 6d, without response. „„ Sales: National Insurance, 70a 6d, 70s 90. (three), 71s; Kaiapoi Woollen (ord.), 12s 6a. Sales reported: New Zealand Breweries Dabentures, 22s (three); £>ank of New Zear land (.old issue), 57s 6d. , Tie following are yesterday afternoon s buying and selling quotations, which are subject to the usual brokerage:— BANKING. Bank of Australasia 1 -Buy £l4 6s 6d, »el £1 Bank'of N.S. Walcs-Buy £4l, eel £4l W Bank of New Zealand (old issue) —Sel 678 i Sd. * Bank of New Zealand (new issue)— Buy 563, sel 56s 9d. Commercial Bank—Buy 30e, sel Sis. National Bank —Buy £6 10a, eel £6 11b. National Bank (rights)—Buy 265, sel 26s National Bank of Australasia —Buy £l6 6a, sel £l6 9s 6d. , , . x. no •> National Bank of Aust. (cont.)— Buy £8 1«. P. and O. Bank—Buy £lO 6s. Union Bank—Buy £l4 13s 6d. BREWERIES. 1 N.Z. Breweries (Ltd.)— Buy 40s. N.Z. Breweries (Ltd.), Debs.—Buy 318 lOd. sel 225. Ward and Co. —Sel 59s 6d. INSURANCE. National Insurance Co.—Buy 70s 9d. Bel, 71b 3d. ..... N.Z. Insurance Co. —Sel 34s 6d. , Standard Insurance Co. —Buy 43s fid, eel 455. SHIPPING. HowaxS Smith—Buy 345, sel 36b. Huddart, Parker (ord.)— Buy 44s 3d, Bel 44e 9d. ‘ „ Huddart, Parker (prei.)—Buy 20s fid, COAL. N.Z.. Coal and Oil—Buy. 2a 6d, sel 3s. Taupiri Coal (ord.) —Sel 18s 3d. Westport Coal Co. —Buy 31s 3d, sel 31s 94. TVeatpoit-Stockton (ord.) —Sel 3s. LOAN AND AGENCY, (loldsbrough, Mort —Buy 475, eel 47e fid. N.Z. Loan and M. (ord.)— Buy £93, eel •> £3(l. Perpetual Trustees —Buy 425. Trustees, Ex., and Agency—Buy 55a Wright, Stephenson (ord.)—Sel 38s. MEAT PRESERVING. K.Z. Refrigerating (paid)—Sel 19s Bd. N.Z. Refrig. (cont.)— Buy 9s 2d, eel 9b 84. MISCELLANEOUS. Brown, Ewing (ord.) —Buy 295. Erown, Ewing (pref.)—Buy 20s fid. Bruce Woollen Co.—Buy 21s 9d. D.I.C. (ord.)— Buy os 6d prem. D.I.C. (pref.)—Buy 20s 6d. Dominion Rubber —Buy 325, sel 34s 94, Bonaghy’s Rope nad Twine—Buy 325. Dunedin Stock Exch. Propty.—Buy 655. E unlop Rubber—Buy 21s. Kaiapoi Woollen (ord.) —Sel 13s Kaiapoi Woollen (cont.) —Sel os, Kaiapoi Woollen (pref.)—Buy 15s fid. Milburn Lime and Cement—Buy 83a. Moagiel Woollen Co. —Sel £6 0s- 9d. M’Leod Broe.’ Soap—Buy £22 10s. National Electric—Buy 18s fid eel 20s. N.Z. Express (ord.)— Buy 20s 6d-, sel 21e 3d. N Z. Hardware (o r d.) —Buy ss, sel 6a 9d, N.Z. Hardware (pref.)—Buy 14s. N.Z. Drug Co. (£2 paid)—Sel 665. N.Z. Drug Co. (cont.)— Buy 8s 6d prem., sel 9s fid prem. N.Z. Malay Rubber (ord.)— Buy 17e 6d. N Z. Malay Rubber (pref.)—Buy 255. N.Z. Paper Mills (ord.) —Buy 20s fid, eel 20s 9d. „ _ Wilsons (N.Z.) Cement—Buy 32s 3d, sel 33s 3d. MINING. Nokomai Hydraulic—Buy 4s fid. Wa:lu —Sel 26s 6d. Waibi Grand Junction —Buy Is, sel la 6d. Electrolytic Zinc (pref.)—Sel 295. Electrolytic n. (ord.)— Buy 27e, sel 27s fid. Mount Lyell—Buy 21s 6d, sel 225. Kiiwarau—Sel 17s. WAR BONDS. 44 per cent. Bonds, 1330 —Buy £96 15s. per cent. Bonds, 1938 —Buy £96 15s, sei £97. - •14 per cent. Bonds, 1933—8uy £96 15s, eel £97" 6J per cent. Soldiers’ Bonds, 1933—8uy £lOl 2s 6d. . , 44 per cent. Inscribed, 1938—Buy £95 15e, sel'. 597. 41 per cent. Inscribed, 1939—8uy £96 15s. £4 per cent. Soldiers’ Inscd., 1933—8uy £lOl. 5 per cent. Postal Bonds, 1927—8uy £9B. 5 per cent. Postal Inscd,, 1929 —Buy £9B. o\ per cent, Insc. Bonds, 1927-41 —Buy £93 2s 6a. ■ . , * Denotes different sized parcels. NORTHERN EXCHANGES. iPeb United Bsess Association.) The following business was done on ’Changes yesterday: Auckland. —Sales: War Loan (1038), £96 15s; Soldiers’ Inscribed Stock, £101; Bank of Australasia, £l4 12s; National Bank of New Zealand (rights), 25s Od (two sales). Bycroft, 26s Gd (two sales); Sanford, 21s; Wilson’s Cement, 3‘2s 6d. Wellington.—Sales reported: New Zealand Breweries Bonds, £1 2s; National Bank of New Zealand, £1 5s 9d and £1 6s; Timber, National, £1 2s 3d. Christchurch. —Sales reported ; National Bank of New Zealand (rights), 26s (four parcels); Goldsbrough, Mort (cum div.), 47s Gd, Huddart, Parker, 44s 6d; Westport Coal, 31s 6d; Henry Jones Co-op., 445 ; Mount Lyell (cum div.), 21s lid. Sales on ’Change: Bank of New Zealand (new), 5Gs 3d; Westport Coal, 31s 6d.