THE SHARE MARKET.

Otago Daily Times, Issue 19958, 27 November 1926, Page 15

THE SHARE MARKET.

DUNEDIN STOCK EXCHANGE Mining shares cxatinue to be the main centre of interest on the Dunedin Stock Exchange, and other stocks remain steady. Bank of Australasias remain without inquiry, sellers’ quotation of £l4 7s 6d showing no alteration. Bank of New Zealands are unchanged, with buyers at 60. and sellers at 60s 9d. Rights have firmed, buyers offering 6s 7d. Business has been reported at 6s 7d and 6s Bd. National Bank of New Zealands improved to a sale at £7 Is, and buyers now quote at £7 Os 6d. Commercial Banks, which have changed hands at 32s 6d, are wanted at a reduction of fid on that price. For the paid up issue of National Bank of Australasias £l7 15s is offered, and the contributing shares are inquired for at £8 17s fid. Unions are without buyers, sellers asking £ls 6s. Buyers' offers for New Zealand Breweries shares have advanced to S2s without business, sellers demanding Is more. Recent inquiry has boon made for the 10 per cent, debentures at 24s 9d. Sellers will not part at less than 25s 6d. Among insurances Nationals are still without demand. Up to 33s fid has been offered for New Zealand’s, and inquiry was recently made for Standards at 58s. Huddart Parker ordinary shares are available at 47s fid. buyers making an offer of 465. _ . Union Steams are on i .rV- at 20s fid, without a repetition of inquiry at 20s 4d made a few days ago. Westports are not in demand, but sellers are willing to part at 565. Goldsbrough, Morts have attracted buyers at 49s 6d, a slight improvement, but none is offering at less than 50s fid. A firming of £1 in Now Zealand Loan and Mercantile ordinary shares has failed to bring any sellers to light. Wright, Stephensons are still without inquiry, though the ordinary shares are offered at a reduction of Is. The paid-up issue of New Zealand Refrigeratmgs improved to change hands at 15s, and further lots are available at that figure. Sellers’ reply to an offer of 40s 9d for British Tobaccos leaves a margin of Is fid. Business was done in Dominion Rubbers at 49s fid earlier in the week, but the present selling quotation of 51s has not attracted inquiry. Kaiapoi Woollen ordinary shares are still available at 11s fid, and 2s 4d is offered for contributing shares, without response. Inquiry for New Zealand Dru-s at 70s fid has been maintained, but holders have not been encouraged by this offer. Buyers’ quotations for Guarantee Corporations has further eased, but the reply remains at 10s 9d. New Zealand-Malay Rubber shares are sought at 42s fid, but sellers are reticent. Paper Mills were recently wanted at 18s 3d, but there is no immediate offer in spite of sellers’ quote of 19s. Inquiry for Taranaki Oils remains at 10s, without response from sellers. Kawaraus have shown a further advance in values, and sales have been recorded at up to 3s 7d. Further business was done at a reduction of a pefinv, and the closing quotations were 3s 3d (buyer) and 3s fid (seller). Nokotnais arc offered at 5s 9d premium, with inquiry at 4s premium. . Mount Lyalls changed hands, cum dividend, at 295, an advance of Is, and further inquiry is made at that price. No business has been done in St. Bathans, wliich have weakened by fid. Blacks were turned over at 3s _3d discount, and the most recent offer is 3s fid discount. . . Upper Nevis hav steadily increased in value, and the present buying quotation stands at 5s 3d premium, compared with 3s fid premium a week ago. _ None is available at less than 6s premium. Both 1938 and 1939 4A per cent. Bonds have advanced 5s in value, and the present unanswered inqnir- is made at £96 17s fid. Five and a-balf per cent. Soldiers’ Settlements Bonds (1933) are in demand at £IOO 12s fid. Five and a-half Bonds (193f>) have improved by 6s. Sale®.—Kawarau 3s fid: 'fount Lyell (cun div) 295. . Sales Reported.—New Zealand Refrigerating (paid) 15s: Commercial Bank 32s The following are yesterday afternoon s buying and soiling quotations, which ore subject to the usual brokerage:— BANKING. Bank of Australasia—Sellers £l4 7s 6d. Bank of N.Z. —Buy 60s, sel 60s 9d. Bank of N.Z. (rights)—Buy 6s 7d. Commercial Bank—Buy 325, sel 32s 9d. National Bank—Buy £7 0s fid, sel £7 2s. National Bank of Australasia—Buy £l7 National Bank of Australasia (cont.) Buy £8 17s 6d. Union Bank —Sel £ls 6s. BREWERIES. N.Z. Breweries —Buy 525, sel 535. N.Z. Breweries (Ltd.), debs. —Sel 25s fid. fid, INSURANCE. National Insurance Co.—Sel 77s fid. N.Z. Insurance Co.—Buy 38s. South British Insurance Co.—Sel 58s. Standard Insurance Co.—Sel 59s 9d. SHIPPING. Burns, Philp—Buy 38s fid. Huddart, Parker (ord.)—Buy 465, sel 47s fid. , v „ 11 Huddart, Parker (pref.)-Buy 20s 3d. P. and 0. Deferred Stock—Sel £252. U.S.S. Co. (pref.)—Sel 20s fid. COA.U. N.Z. Coal and Oil—Sel Is fid. Westport Coal Co. —Sel vos. LOAN AND AGENCY. Goldsbrough, Mort—Buy 49s fid, sel 50a N.Z. Loan and Mercantile (ord) —Buy £95 Perpetual Trustees—Buy fils 6d. Wright, Stephenson (ord)—Sel 235. Wright, Stephenson (pref.) —Sel T7s 3d. MEAT PRESERVING. N.Z. Refrigerating (paid)—Sel 15s. N.Z. Refrigerating (cont.) — Buy 6s 9d. MISCELLANEOUS. Auckland Amusement Park—Buv 2s fid British Tobacco —Buy 49s 9d, sel 51s 3d. Brown. Ewing (pref.)—Buy 20s 3d. Bruce Woollen Co.—Sel 19s. Colonial Sugar—Buy £54. D.I.C. (ord.) —Bu- 8s fid prem. D.I.C. (pref.)—Buv 20s 3d, ' Dental and Medical Supplies—Sel 20s. Dominion Rubber—Sel 51s. Dunedin-Kaikonai Trams—Buy 345. Kaiapoi Woollen (ord.) —Sel Us fid. Kaiapoi Woollen (cont.)— Buy 2s 4d. Milburn Lime and Cement—Sel 325. M’Leod Bros. Soap—Bu” £25. National Electric —Sel 20s. N.Z. Drug Co—Buy 70s fid. N.Z. Express (ord.)—Sel 235. N.Z. Guarantee Corporation—Buy 10s 2d, sel 10s 9d. , _ N.Z. Hardware (ord.)— Buy 7s. N.Z. Malay Rubber (pref.)—Buy 42s fid. N.Z. Paper Mills—Sel 19s. Taranaki Oil—Buv 10s. MINING. Kawarau Gold Mining Co. Buy 3s 3d, sel 5s fid. . .. _ , Nokomai Hydraulic —Buy 4s prem, sel 5s 9d prem. Waihi —Sel 18s 9d. Waihi Grand Junction— Buy 2s 2d. Electrolytic Zinc (pref.)—Buy 36s fid, sel Zinc (ord.)— Buy 35s fid. Mount Lyell—Buy 295, sel 29s 3d. Kawarau High Levels —Sel Is prem. Mount Isa—Buy 21s. St. Bathans (A issue)— Buy 4s fid prem, sel 5s fid prem. Sf. Bnthnns (B issue)—Buy 4s fid prem, sel 6s fid prem. , , , Blacks Gold Mining Co.—Buy 3s fid disc, sel 2s fid disc. Alburnia—Buy 4s. Upper Nevis—Buy 5s 3d prem, sel 6s prem. WAR BONDS. 4A per cent. Bonds, 1930 —Buy £97 10s. 4g per cent. Bonds, 1938—Buy £96 17s fid. 4J, per cent. Bonds, 1939t— Buy £96 17s fid. 5i per cent. Soldiers’ Bands. 1933—8uy £IOO 12s fid. , ■ , „ 4j »-er cent. Inscribed Stock, 1938—Buy £96 15s. 5A per cent. Soldiers’ Inscribed, 1933Buy £IOO 10s. „ per cent. Bond?, 19~6 —Buy £ioo 10s. NORTHERN EXCHANGES. (Peg United Press Association.) The following business was done on ’Changes yesterday:— Auckland. —Sales: Commercial Bank of Australia, 32s 3d; Goldsbrough, Mort, 49s 8d; Auckland Gas (cont.), 13s Id; Electrolytic Zinc, 35s 9d; Taranaki Oil, 10s: Alburnia. 4s 2d: Moanataiari (cont.), (Is, 5s 9d, 5s fid. 5s 7d, 5s 6d, 5s 7d. 5s 6d; Kawarau, 3s 7d, 3s 6d: Lucky Shot (con.). Is 4d. Is 3d Is 4d; New Waiotahi la 6d. Is 3d; Mount Lyell, 28s 10d, 295.

Wellington.—Sales reported: Wellington Investment T. and A., 10s Sd; South British Insurance, £2 17s; Burns, Philp, and Co., £1 19s. Sale: New Zealand Government Loans. 5A per cent. Inscribed Stock (1933), £IOO 15s. Christchurch. —Sales reported: New Zealand Government 4J per cent. Bonds (1938), £96 15s; Kawarau, 3s Bd. Sales: Crown Brewery, 21s; New Zealand Breweries, 52s 6d; Kawarau, 3s 6d (two parcels); Mount Lyell (cum div.), 29a, 29s Id.