THE SHARE MARKET.

Otago Daily Times, Issue 19844, 17 July 1926, Page 13

THE SHARE MARKET.

DUNEDIN STOCK EXCHANGE. Thera has been no outstanding features on the Dunedin Stock Exchange this week. Hanks and insurance shares have maintained recent prices, but business in industrial lines has not been active. Shipping has been particularly quiet also, and the fire in tho Westport mine has restricted business, though not nearly to the extent that has been reported in some quarters. Attention to this was drawn by tho chairman of the Dunedin Stock Exchange at the call yesterday afternoon. He said that a statement had been made in the weekly circular of tf well-known firm of Melbourne stockbrokers that the recent fire in the Mdierton section of tho mine destroyed 1,000,000 tons of coal. He had drawn the attention of the general manager of tho Westport Coal Company to the statement, and he had said that it was greatly exaggerated. Meat company shares eased during the week, from an offer of £lO to an offer yesterday of 5s less. New Zealand Breweries also eased during the past few days, while Staples showed an improvement on the prices ruling last weex, Dalgetys and Gcldsbrough, Morts both held firm, while National Mortgages aro proportionately easier, ex dividend There has been a certain amount of fluctuation in Kawaraus during the week, and an unusually large number of sales has been effected. They went up from 7s and 7s 3d to 7s 4d and 7s sd. The market closed yesterday with sales at 7s. There were no fewer than 20 sales on ’Change, while the reported transactions numbered three. Nokomai Sluicing Company shares have been allotted and there is a. buying offer of 2s premium for the new issue. Next to Kawaraus, Molyneux Electrics have been the most active class of mining stock. There were half a dozen sales, and one reported transaction during the wcca, the prices varying from 21s 6d to 225. There has been no marked alteration in Government debentures. The 1930 issue has been in demand for some time, with little result. Business was reported yesterday in 41 per cent. Inscribed Bonds (1938), at £96 15s Sales.—Kawarau, 7s, 7s 2d, 7s 3d (four), 7s 4d, Molyneux Electric, 225. Sales reported: 41 per cent. Inscribed Bonds (3938), £O6 15s; Kawarau, 7s 3(1 (two), 7s 4d; Electrolytic Zinc (pref.), 35s 6d; Goldsbvough, Mort, 40s. , The following are yesterday afternoon s buying and selling quotations, which are subject to the usual brokerage: BANKING. Bank of Australasia—Buy £l4 10s, eel £l4 12s Gd. Bank of N.S. Wales—Buy £44 15s. Bank of Now Zealand—Buy 625, eel 62s 6d. Commercial Bank—Buy 325, sel 32s 9d, National Bank (cx div.)—Buy £G 15s Bd, scl £G 16s 6d. National Bank of Australasia —Buy £lB. National Bank of Auat. (cont.)— Buy £9, sol Union Bank—Buy £l3 7s, eel £ls 10s. K.S. and A. Bank—Buy £8 2s, sol £8 4s 6d. BREWERIES. Manning aq»l Co. —Buy 38s 9d. N.Z Breweries, Ltd (ex div.)—Scl EBa. N.Z! Breweries (Ltd.), Dobs.—Sel 26s Id. Staples—Buy 38s Gd, eel 39s 6d. INSURANCE. National Insurance Co.—Sel 84a. N.Z. Insurance Co,—Buy 42s 9d, sol 445. South British Insurance Co. —Scl 61s 6d. Standard Insurance Co.—Buy 595, eel 61s. SHIPPING. Iluddart, Parker (ord.)— Buy 44s 6d, eel 455. Huddarl, Parker (pref.)—Buy 20s Bd. P. and O, Deferred Stock—Buy £240, eel £217. U.S.'S. Co. (pref.)—Buy 20s. COAL, N.Z. Coal and Oil—Buy Is 3d, sel 2« Taupiri Coal (ord.) —Buy 19a. Westport Coal Co—Buy 33s 3d, eel 365. Westport-Stockton (ord.)— Buy Is 3d, sel Is 9d Wcstport-Stockton (pref.)—Buy 2s 9d. LOAN AND AGENCY. Goldsbrough, Mort—Buy 48s Od. N.Z. Loan and M. (ord.)—Buy £94. N.Z. and River Plate—Buy 225. Perpetual Trustees —Buy B3s. Trustees, Ex. and Agency—Buy 68s. Wright, Stephenson (ord.)—Sel 26a. Wright, Stephenson (pref.)—Buy 17s. MEAT PRESERVING. Canterbury Meat —Buy £9 13s, eel £lO 7s Cd. N.Z. Refrigerating (pd.)—Buy 17s 3d, eel 18 N.Z. Refrigerating (cont.)— Buy Ss 2d, sal 8s Gd MISCELLANEOUS. Brown, Ewing (ord.)— Buy 81s 6d, eel 335. Brown, Kwing (pref.)—Buy 20s 9d. Bruce "Woollen. Co,—"Buy 203. D.I.C. (ord.)—Buy 7s 3d prom. D.I.C. (pref.)—Buy 20s od, Dominion Uubber —Buy 60s. pel 51s 6d. Hope and Twine—Buy 31a 6d. Crystal Ico—Sel 21s Gd. Dunedin-lvaikomi Trains —Buy 84s. Dun. Stock Kxcb. Propty.—Buy 7Gs. Kuiapoi Woollon (ord.) —Sol 13s Od. Kaiapoi Woollen (pref.)—Buy 13s 6d. Milburn Limo and Cement—Scl 335. Mosgiel Woollen Co,—Buy £5 16s National Electric—Buy 18s 3d, eel 19s 3d. N.Z. Drug Co.—Buy 70s. N.Z. Drug Co. (new, fully paid up)—Buy C4s 6d. N.Z. Drug Co. (cont.)— Buy 15s prem. N.z". Express (ovd.) —Huy 21a Cd. N.Z. Express (pref.)—Buy 17s 6d N.Z, Guarantee Corp.—Buy 9a lid, pel 103 °d N.Z. Hardware (ord.)— Buy 12s, sel 14s. N.Z. Paper Mills (ord.)— Buy 18s 9d, eel 20s. Otago Daily Times —Buy 84s. Wellington Woollen (ord.)— Buy £6 Bs. Wilsons (N.Z.) Cement—Buy 31s 9d, sel 35s 3d. British Tobacco —Buy 525. MINING. Kawarau G.M. Co.—Buy Cs lOd, sel 7s Id. Nokomai Sluicing Co. (cont.) Buy 3s prem, Waihi—Buy 18s 9d, scl 19s 9d. Waihi Grand Junction—Buy Is. Electrolytic Zinc (pref.)—Buy 35s 4d, scl 35s ILL , % Electrolytic Zinc (ord.)—Buy 355. Mount Lyoll—Buy 25s 4d, sel 25s 9d. St. Bathans (A issue)—Sel Is 9d disc, fit. Bathans (B issue)—Sel Is 9d disc. Molyneux Electric—Buy 225. Mount Isa—Buy 16s 9d. Albnrnia—Buy 4s. WAR BONDS. 4J per cent. Bonds, 1930—Buy £97. 4i per cent. Bonds, 1933—5 el £96 17s ,Grl 5t per cent. Soldiers’ Bonds, 1933—8uy X9f) ids. 5 per cent. Postal Bonds, 1927 Biy £9, 10s, ‘ OTHER EXCHANGES. (Per United Press Association.) Tho following business was done on ’Changes yesterday : Auckland. —Sales: English, Scottish, and Australian Bank, £8 4a; Western Australian Bank, 59s 9d; South British Insurance, Gls 3d; N.Z. Farmers’ Fertiliser, 955; Albumin, 4s 4rt, 4s Id ; Kawarua, 7s 3d, 7s 4d, 7s 2d : Mount Lyeli, 25s lOd ; Moanatalrarl, 2,s 3d. Wellington.—Sale reported: Staples Brewery, £1 19s. ' Christchurch.—Sales reported: E.S. and A. Bank, £8 3s Cd : Western Australian Bank, 59s 9d; N.Z. Insurance (cum. div.), 435; Staples Brewery, 395; Henry Jones Co-op., 4Sa Gd. Sales on ’Change: Bank of N.Z., G2s; Queensland Insurance, 5Cs 6d; N.Z. Loan and Mercantile (ord. stk.), £9G : Henry Jones Co-op., 4Ss ; N.Z. Guarantee Corporation, 10s. Invercargill.—Sale reported ; N.Z. Insurance, 43s 6d.