THE SHARE MARKET.

Otago Daily Times, Issue 19904, 25 September 1926, Page 15

THE SHARE MARKET.

DUNEDIN STOCK EXCHANGE. Tile Stock Exchange became fairly active towatds the end of tbe past week. The outstanding event has bean the autlden recovery of St. Bathans shares, which after a period of quietness, during which a sale was effected at 4s premium, made a leap into prominence again, the shares changing hands at a greatly improved price. On Thursday at the afternoon call the shares made an immediate improvement of 2s, and two lots were then turned over at 6s fid premium. Yesterday the price for A’s reached 8s fid and B’s found a buyer at Bs. Further lots of the A issue were on offer at the market price, but buyers would not give more than Bs. B’s were wanted at 7s 9d. Kawaraus increased in value up to 3s on Thursday, but yesterday buyers would not give more than 2s 7d, seller aking 2s 9d. Mount Lyells are better, with a buyer at 26s fid, but sellers will not take less than 275. Bank of New South Wales shares are firmer, buyers offering £45 2a fid. Bank of New Zealanda are still without sellers, though 62s 9d is offered. E.S. and A’s are also a little stronger. National Insurances are on offer at B.la without buyers. Other insurance stocks are unchanged. Huddart, Parkers have weakened a little, the best offer at present being 47a fid. Sellers ask la more, lnquu**y ia made for T. and O. Deferred Stock at £248. Business in Westport Coals at 36a has been reported. Buyers quote at 35s 9d on ’Change. There have besn several transactions in New Zealand Refrigerating contributing shares at 6s Id. A parcel was offered at tHat price yesterday, but the best offer was 5s lOd. „ . . D. are wanted at Bs. Dominion Rubbers have firmed again, and parcels changed hands at 60s and 49a fid yesterday. Further lots were sought at 49s 9d, sellers asking only 3d more Milk Products are in demand at 405,. sellers declining any offsr less than 41s fid. The quotations for Paper Mills are 18s fid (buyer) and 19s 2d (seller). - The firm tone of Government stock has been wall maintained. Salas: Dominion Rubber, 50s (two), 49a fid; St Bathans (A issue), 7s 9d, 8o (two), 8s fid (three); St. Bathans (B issue), Bs. Sales reported: St. Bathans (A issue), 8s 3d; New Zealand Drug (£2 paid), 73s fid. _ The following are yesterday afternoon s buying and selling quotations, which are subject to the usual brokerage: BANKING. Bank of N.S. Wales—Buy £45 2s fid, sel £45 15s. Bank of New Zealand—Buy 62s 9d. Commercial Bank-Buy 32a, sel 32s 9d. National Bank —Buy £7, ael £7 4s. National'Bank of Australasia—Buy £lB, National Bank of Auet. (cont.) Huy £9. Union Bank—Buy £ls Is. E. and A. Bank—Buy £8 4s 3d. BREWERIES. Manning and Co. —Buy 33s fid. INSURANCE. National Insurance Co.—Sel 81s. N.Z. Insurance Co.—Buy 38s, sel 38a fid. Standard Insurance Co. —Buy 58s 9d, sel 60s. SHIPPING. Huddart, Parker (ord.)— Buy 47a fid, eel 48a fid. Huddart, Parker (pref.)—Buy 20s 3d, P. and O. Deferred Stock—Buy £248. U.S.S. Co (pref.)—Buy 20a 2d. COAL. Westport Coal Co.—Buy 85s 9d, sel 36s 3d LOAN AND AGENCY. Goldsbrougb, Moit. —Buy 49s 3d, sel 50a 3d Goldsbrough Mort. (cont.) —Sel 73s 3d. Perpetual Trustees —Buy 58a. Trustees, Ex., and Agency—Buy 58s. MEAT PRESERVING. N.Z. Refrigerating (pd.)—Buy 14s. N.Z. Refrigerating (cont.)— Buy 6s lOd, eel 68 lU ‘ MISCELLANEOUS. Brown, Ewing (ord,)— Buy 325, Brown, Ewing (prof.)—Buy 21», Bruce Woollen Co. —Sel 21s. D. 1.0. (ord.)— Buy 8s prem. D.I.C, (pref.)—Buy 21a. Dominion Rubber—Buy 49s 9d, eel 60s. Dun. Stock Exch. Propty.—76e. Eclipse Petrol—Sel 14s. * Kaiapoi Woollen (cont.)— Buy 2s 4d, ael 2s 8d \f;ihiirn Lime and Cement—Buy 295, eel 30s Cd. Notional Electric—Sel 190 Bd. N.Z. Drug Co. (nsw, fully paid)—Sel 71e fid. N.Z. Diug Co, (cont.)—Sel 21s fid prem. N.Z. Express (ord.)— Buy 210 fid. N.Z. Express (pref.)—Buy 17s 3d. N.Z. Guarantee Corp.—nuy 10s Sd. N.Z, Hardware (ord.) —Buy 7s 3d, eel 9a. N.Z. Milk Products—Buy 40s, eel 41e fid. N.Z. Paper Mills (ord.)— Buy 18a fid, qel 19s 2d. N.Z. Sugar of Milk—Buy 225. Smith and Smith (pref.)—Sol 19s. Wilsons (N.Z.) Cement—Buy 3te 9d, ael 33s 9d» . . British Tobacco—Buy 52a Bd, eel 63a. Kauri Timber —Buy 29a 9d. MINING. Kawarau G.M. Co.—Buy 2s 7d, sal 2a 9d. Nokomai Sluicing—Buy 2e fid. Electrolytic Zinc (pref.)—Buy 3os fid, eel 36s 3d. ~ , Mount Lyell—Buy 26a fid, eel 275. St. Bathans (A issue)— Buy Ba, eel 8a fid. St. Bathans (B issue)— Buy 7s 9d, sel 8s 3d. Natural Bridge—Sel par. Mount Isa —Sel 17a 9d. WAR BOiNDS. 4 r ner cent. Bonds, 1930 —Buy £97 10s, 44 per cent. Bonds, 1938—Sel £96 17a 6d. per cent. Bonds, 1939-Sel £97 17a fid. 54 per cent. Soldiers’ Bonds, 1833 Buy per cent. Inscribed, 1938—Sel £96 17s “u per cent. Inscribed, 1939—5 el £96 17s 6d. b| per cent. Soldiers’ Inscribed, 1933-Buy cent. Poetal Bonds, 1327 —Buy £9B 15 5‘psr cent. Postal Inscribed, 1924-Sel £99. 54 per cent. Inscribed Bonds, 192<-41 Buy £96, sel £96 ss. „ 5J per cent. Inscribed, 1935—8uy £99 10s. NORTHERN EXCHANGES. (Peb United Press Association.) The following business was done on ’Changes yesterday: Auckland—Sales: Inscribed Stock (1938),, 44 per cent. £96 15s; National Bank of New Zealand, £7 Is 3d; South British Insurance, 595; Taupiri Coal, 22s fid; Kauri Timber, 306- Milne and Choyce Debenture Stock, 25s 6d* Wilsons Cement, 34e; Moanataians (paid), 2a, (cont.). la 7d; Kawaraua, 4s Id. & 2s nd, 2s Bd, 28 7d; Walki. Ms 3d Wellington.—Sales reported; Now Zealand Government loans Si per ~c e, n tA Stock (1933), £IOO ss; Inscribed Stock (19271941). £97; Union Bank of Australia. *ls 48. Christchurch.—Sales reported; Bank of New Zealand, 63a; Kauri Timber, 29s 9d, Kawarau, 3s 3s 2d, 3s 3d (three parosls).—Sales; New Zealand Government 64 per cent. Inscribed (1933), £IOO (two parcels); New Zealand Government 54 per cent. Bonds (1933), £IOO 6s; New. Zealand Breweries, 54s <two parcels); Kawarau, 3s 2d,