THE SHARE MARKET.

Otago Daily Times, Issue 19582, 11 September 1925, Page 9

THE SHARE MARKET.

DUNEDIN STOCK EXCHANCE. St. Bath ana were responsible for the majority of the business on the Dunedin Stock Exchange yesterday. No fewer than five parcels changed hands, the price in each case being 10a 9d premium. The closing quotations were 10s 3d (buyer) and lie (seller). A sale of Westport Coals was made at 80s. A buyer afterwards offered 29s 9d, a seller asking 31s. The remaining business was done in Dominion Rubbers, a parcel of which, was turned over at 45s (id. There were no other sellers under 475. There were practically no alterations in other stocks. Kawaraus were wanted at lie 4d, but sellers would not part at less than 12s. Sales: Westport Coal, 30s; St. Bathans, 10s 9d prrra. (five parcels); Dominion Rubber, 45s 6d. , The following are yesterday afternoon a buying and selling quotations, which are subject to the usual brokerage: BANKING. Bank of N.S. Wales—Buy £4O 17s 6d. Bank of New Zealand—Buy 56a 9d, Bel S7b 6d. Commercial Bank—Buy 31g 6d. , National Bank—Buy £6 13s, eel £6 14s. P. and O. Bank—Sol £ll. Union Bank—Buy £l4 10s, eel £l4 14s. - BREWERIES. Crown Brewery—Buy 22s 6d. Manning and Co. —Buy 40s. N.c, Breweries (Ltd.) —Buy 403 Gd, sel 41s Bd. N.Z. Breweries (Ltd.), Debs.—Buy 22s 7d, sel 235. Ward and Co. —Buy 62a. - INSURANCE. National Insurance 'Go. Buy 74b, N.Z. Insurance Co. —Buy 30s 9d. South British Insurance Co. —Buy GOslra, sel 52a. SHIPPING. Howard Smith —Buy 345. Huddart, Parker (ord.) —Buy 45s 3d, Bel 45s Od. , Huddart, Parker (pref.)—Buy 20s 9dU.S.S. Co. (pref.)—Buy 20s. COAL. Westport Coal Co.—Buy 29s 9d, sel Sis. Westport-Stockton (pref.)—Sel 4a 6d. LOAN AND AGENCY. Dalgety and Co.—Buy £ls. Goldsbrough, Mort—Buy 455. Goldsbrough, Mort (new) —Buy 44a. National Mortgage—Buy 755. Perpetual Trustees —Buy 47e. Wright, Stephenson (pref.)—Buy 17sMEAT PRESERVING. Gear Meat Co. —Sel 42a Bd. N.Z. Refrigerating (pd.)—Buy 17b Bd, Bel 19s. N.Z. Refrigerating (cont.)— Buy 8s 9d, sel 9a 4d. South Otago Freezing—Sel 768. MISCELLANBOTIS. N ' Brown, Ewing (pref.l—Buy 20s Gd. Bruce Woollen Co, —'Sel 23s 6d. D.I.C. (ord.)—Buy 5s 6d prem. D.I.C. (pref.)—Buy 20s 9d. , Dominion Rubber —Buy 45s 3d, sel 47a. Kaiapoi Woollen (ord.) —Sel 9s 6d. Kaiapoi Woollen (cont.) —Sel ss. Milburn Dime and Cement—Buy S4e. Mosgiel Woollen Co. —Sel £6. M’Leod- Bros.' Soap— Buy £22. N.Z. Drug Co.—Buy 66a. ( N.Z Express (pref.)—Boy 17s 6d. N.Z. Hardware (ord.)—Buy 7s 6d, Bel 98. N.Z. Hardware (pref.)—Buy 14s Gd. N.Z.- Malay Rubber (ord.)—Sel 30a. N.Z. Paper Mills (ord.) —Sel 21s Gd (odd P Smith and Smith (pref.)—Buy 19s 3d, sel 19s 9d. Whitcombe and Tomb® —Buy T2s. ■ ■ _ Wilsons (N.Z.) Cement —Buy 34s 3d, sel 34a 9d. MINING. Kawarau G.M. Co. —Buy llfl 4d, sel 12b. Waihi— Buy 255, sel 25s 6d. Waihi Grand Junction—Buy 9d, eel Is Gd. Electrolytic Zinc (pref.)—Buy 29s 4d, sel 29s 9d. Mount Lyell—Buy 225, 2d, sel 22s 9d. : St. Bathans—Buy 10s 3d prem, sel 11» prom. WAR BONDS. 44 per cont. Bonds, 1938 —Sel £37 2b Gd, 4i per cent. Bonds, 1939 — Sel £97 2a 6d« 5J per cent. Soldiers’ Bonds, 1933 —Buy 44 per cont. Inscribed, 1938—Sel £97. 44 per cent. Inscribed, 1939 —Sel £97. 54 per cent. Soldiers’ Inscribed, 1963—8uy £lOl 7s 6d. _ 5 per cent. Postal Bonds, 1927—8uy £9B. 5 per cent. Postal Inscribed, 1927—8uy £9B. 5 per cent. Postal Inscribed, 1927 —Sel £9B ss. NORTHERN EXCHANGES. (Peb United Press Association.) Tbe following business was done on ’Changes yesterday: ■ , „ ■ Auckland.—Sales; National Bank of New Zealand, £6 13s 6d; Union Bank of Australia. £l4 12 s 6d; New Zealand Insurance, 3Cs (two sales); Auckland Gas, 28s lid; Auckland Gas (cont.), 6s Gd; Devonport Steam Perry, 25s 6d; Northern Steamship, 16s; Milne and Choyce (6 per cent, pref.), 25s- Milne and Choyce Debentures Stock, 23s ’9d ■ New Zealand Breweries, 40a 3d; Taranaki Oil, 21s Cd, 21s; Tonson, Garhck, 13s; Wilsons Cement, 345; Moanataian. 2u 4d (two sales); Kawarau, 11s 6d (two sales). Us 9d - . . , .. . Christchurch.—Sales reported. 4* percent. Stock (1938), £96 17s Gd; New South Wales, £4l; Union of Australia, £l4 12s. Sales; New Zealand Breweries (10 per cent, bonds), £1 2s Gd; Manning’s Brewery, £2 2s. Wellington.—'Wairarapa Farmers (pwf.), 17s 3d. INVERCARGILL STOCK EXCHANGE. (From Ode Own Correspondent.) INVERCARGILL, September 10. The following business was done oh the Invercargill ’Change yesterday-.—Sales reported: Dunedin Stock Exchange Propty (price not stated). Sale; Greater Lyceum, 4s. The Otago and Southland Finance -Corporation (Limited) has now commenced business, and has its head office in the Stock Exchange Buildings. A few Ordinary Issue Shares are still available at par. Applications may be made through tha brokers. Messrs Quick and Smith.—Advt. KAWARAU GOLD. TO VHE EDITOR. Sir, —Under the above heading in your issue of the 3rd inst. you publish a telegraphed extract from the annual statement of the Minister of Mines. The caption you use, “A Warning to Investors,” is certainly not calculated to inspire confidence, but why, may I ask, this change of front on the "Minister’s part?. It is indeed difficult lo imagine the statement made by the Minister is from the same person who, at Frar.kton, on November 22 last, at the firing of the first shot, was reported by' you as follows : —“The present venture might be considered ambitious, but he believed it would be successful. The promoters had encountered many difficulties, but up to the present they had overcome them, and the Government had assisted them in every way possible.” I need not quote more of that speech, Sir, beyond saying that it was a happy and optimistic peroration. Moreover, the Hon. G. J. Anderson complacently accepted the statement of Mr A. C. Hanlon (chairman of directors) when Unit gentleman, in presenting the Minister with a souvenir, after referring to “the Minister’s kindly assistance and interest, without which (lie scheme could not have materialised,’’ said: “In sanctioning it he (the Minister) had done a great service to the mining industry and to the Dominion, and iho company had been deeply touched by hits sympathetic support.” "From i hose and similar utterances I would suggest (hat our Sydney friends are eniilleil to assume the scheme had been, hail-marked by the New Zealand Government. which fact does not surely of necessity imply that ihe Government had aocopiod any responsibility for its success. The success of the scheme is dependent largely on the completion of the dam, and as that project now seems well assured F is fair to presume wo may shortly see the materialisation of the hopes of those of ns who think, a« the Hon. G. J. Anderson did when in November last ho expressed himself as being “convinced that there was not a richer river than the Kawarau. which was par excellence a great natural sluice of many gold-bearing tributaries.” —I am, etc., J. L. Stewart Weight. Cromwell. September 9.