THE SHARE MARKET

Otago Daily Times, Issue 22504, 23 February 1935, Page 8

THE SHARE MARKET

i DUNEDIN STOCK EXCHANGE I The following is a list of the business i transacted on the Dunedin Stock Exj change during the past week;-’-

3iapier. Borough 4J per cent. i Debs., 1958 105 5 0 Christchurch ' Trams 4J per : - cent. Debs., 1954 .. .. 105,12 .6 \ A good volume of business waa 're** corded' on the Dunedin. Stock Exchange during the past ■week, banking shares being particularly active, while other sound investment securities were also in steady demand.: ■ * *, ; ' ; BANKING. Bank of New South .Wales shares were disposed of at £3O, cum dividend, the < market closing with a buyer at the same figure and no sellers forward. Business was done in Bank of New Zealandu at £2 9s Odand £2 9s 3d, the dosing buying and selling quotations being £2 9s and £2 9s 9d respectively. The long D shares were'also the subject of business at £1 12s and fl lls 9d. a final. seller at fl ,12s failing to attract further buyers. National Bank of New Zealands found a buyer at £3 10s, the market closing with a seller at £3 lls and no buyers forward. A sale of Reserve. Banks was .recorded at £6 9s 9d, buyers’ final .offer of £6 9s being 2s below sellers’ requirements. Union Banka were bn offer at £8 15s at the end of the week, but buyers were not prepared to give more than £8 10s. A sale at £8 lls 5d was reported. ' * • • INSURANCE. ; ■ . ; f: Standard Insurances changed hands at £3 12s 6d during the week, the' market closing with a seller at £3 13s and no i; buyers offering. 1 ’ MEAT PRESERVING: There was an easier inquiry for paidup New Zealand Refrigeratings, buyers’ best offer at the end of the period being 19s. Sellers, however, required 19s 7d. The contributing issue was dealt in at 9s 3d. 9s Id. and 9s l}d, sellers’ final, requirement "remaining at the first figure, while buyers would not give more than 9s. ■ . LOAN AND AGENCY. v Wright, Stephenson preference. shares, were the. subject of business at fl, the market closing with buyers offering 19s ; lid and sellers asking £1 ‘os Id, - substantially the same prices as those ruling last week.- - - V-' COAL. ' . v There was - little change in Kaitangata Coals, buyers offering 19s 4d in response - to sellers’ request for £l. Business was done at 19s . 6d. ' , MISCELLANEOUS. Associated News shares were offered for sale at the slightly easier price of fl 3s, but sellers Were .hot interested/ ' Broken Hill Proprietaries- were inquired for at £2 10s, but sellers would not take less than £2 12s. A transaction at £2 10s 3d was recorded earlier in the week. Dominion Fertilisers met with’a slightly firmer demand, buyers’ closing offer being fl Is 6d, while sellers required fl Is Bd. Business at £1 Is 7d and £1 Is 8d was recorded. The debenture issue was also dealt in at £lO5, buyers’ closing offer remaining unchanged at £lO4. New Zealand Farmers’ Fertilisers were the subject of business at 18s 9d, but these shares were not quoted towards the. end of the period. New Zealand Drugs were inquired for at £3 18s, but sellers remained firm at £4. Wilsons Cements met with a slightly easier demand, buyers offering £1 13s. Sellers, however, required £1 14s 2d. Business was done in Woolworths (Sydney) shares at £4 13s 6d, the- closing buying and selling quotations being £4 lls and £4 13s respectively. ; breweries; There was an easier market for New Zealand Breweries at the end of, the week, buyers offering £2- 9s 6d. Two sales at £2 10s 6d were recorded earlier in the period. ■ ' • MINING. There was little activity in mining shares during the week. Gillespie’s Beach shares were disposed of at Is 7d, a finkl seller at . the same figure being unanswered. Golden Sands shares were offered for sale at 2s 9d, but buyers were not interested.-V The, market for Nqkomais showed an improvement during the past few days, buyers offering 2s 4d, while sellers asked; 2s 9d. Sales at 2s and 2s 4d-were recorded. Waihis were inquired for at £2 0s 3d, but sellers did not come forward. • GOVERNMENT LOANS. There was a steady demand for Government Loans, but sellers were few. Three and three-quarter per cent. Stocks, 1941, were disposed of at £lO2, 4 per cent. Bonds, 1945, changed hands at £IOB, and 4 per cent. Bonds, 1955, found a buyer at £lO9 12s 6d. - \

NORTHERN EXCHANGES AUCKLAND

THE EGG MARKET (United Press Association.) (By Electric Telegraph—Copyright.) LONDON, February 21. Eggs are in poor demand. Australian fifteens, 7s, 9d to 8s; sixteens, 8s 3d, BRADFORD TOPS MARKET (United Press Association.) (By Electric Telegraph—Copyright!) LONDON, February 21. Bradford is quietly steady. Quotations: Seventies, 26Jd; sixty-fours, 21 Id; sixties, 22Jd; fifty-sixes, 18s; 'fifties, 14d; fortysixes, lOJd; .forties, 91d.

4 ». d. Bank of New Zealand .. . 2 9 6 2 93 Bank of N.Z. (Long D) . 1 12 0 1 11 9 Bank of N S W. .. . . +t30 0 0 National Bank of N.Z. . 3 10 0 Reserve Bank . 6 9 9 Union Bank ■ . 8 11 5 Standard Insurance .. . . 3 12 6 N.Z. Refrigerating (cont.) . 0 9 3 0 9 1 0 9 14 Wright, Stephenson (pref.) . 1 0 0 Kaitangata Coal . 0 19 6 ■Broken Hill Pty. . . . . . 2 10 3 Claude Neon (Sydney) . 2 3 0 Dominion Fertiliser (three) 1 1 7 ■ 1 1 8 ■Dominion Fertiliser (Debs) , 105 0 .0 Farmers’ Fertiliser (two) . . 0 18 9 Woohvorths (Sydney) .. . . 4 13 6 New Zealand Breweries (two) 2 10 6 Rawang Tin .. .. .. . 0 8 2 Bell-Kilgour .. .. .. . . 0 0 1)4 Gillespie’s Beach . 0 1 7 Nokomai .. . 0 2 0 0 2 4 3| per cent. Stock, 1041 . .102 0 0 4 per cent.' Bonds, 1945 . 108 0 0 4 per cent. Bonds, 1055 . 109 12 6 Unlisted stocks.

SALES REPORTED.: £ d. Reserve Bank (late Thur*.) 6 9 9 Bank of New Zealand ... 2 9 3 Bank of N.Z. (long D) * 1 n 9 Union Bank .. .. 8 Al 108 0 109 12 5 4 p.c.’ Bonds, 1949 4 p.c. Bonds, 1955 0 6 SALES REPORTED AFTER . LAST .CALL. Dominion Fertilisers, twoN Z. Refrigerating (cont.) 1 0 1 9 9 7 1 N.Z, Refrigerating (cont.) 0 JJunlop Rubber .. 0 18 9 The following are yesterday afternoon’s buying and selling quotations. which are Buojeci. 1 o the usual brokerage:- , banking. Buyer. Seller. N.S.W. .. New Zealand '* £ s. f-f30 0 2 9 d. 0 o £ s. d. N.Z. (Long D) .. Commercial .. 1.12 0 L.i 8. and A. .. .. 4 19 National of N.Z. . ■ 3, 11 6 11 .8 15 Reserve .. ,. Union ;. ,, . . . , 6 9 8 10 0 0 0 0 insurance. National .. ,3 15 13 .0 6 0 South British .. 4 3 Standard .... .; — - SHIPPING. U.8.S. Oo, (pref.) • — 1 7 9 MEAT PRESERVING. N.Z. Refrigerating N.Z. Refrigerating 0 19 0 0 19 7 (cont.) .. .. South. Froz. Meat 0 9 0 0 9 3 (paid) .. .. .. South. Froz. Meat — 4 0 0 (cont.) .... ■ ■' 2 o o South utago Freezing 6 8 0 • LOAN AND AGENCY. N.Z. Guarantee * Corp. ., r.f,: Wright, Stephenson* 0 5 10 0 6 2 (pref.) .. .. .. 0 19 11 1 0 1 COAL. Kaitangata ,. .. 0 19 4 1 0 o Westport .. .. 1 0 o Westport-Stockton (ord.) .. .. .. — 0 2 6 MISCELLANEOUS. Associated News .. 1 3 u Broken Hill Propy. 2 10 0 2 12 0 Brown, Ewing (pref.) .... .. .. • 1 1 3 1 ; ,v D.I.C. (ord.) .... 0 14 6 D.I.C. (pref.) — 1 6 1 3 Dominion Fertiliser 1 1 6 1 8 Dominion Fertiliser (Debs.) .. ...... 104 0 0 Dominion Rubber 110 0 Dunedin-Kaikorai • ') Trams '1 18 6 Stock Exchange Propy. • ;. .... — 2 3 6 Dunlon Perdriau Rubber .. .. .. 0 18 6 0 19 0 Kaiapbi Woollen (ord.) .. ... .. 0 15 6 Kaiapoi Woollen (pref.) 0 16 0 0 18 0 Milburn Lime .. —l2 3 3 N.Z. Drug - Co. .. 3 18 0 4 0 0 N.Z. Paper Mills ■ — I 14 6 Regent Theatre i. T" 0 19) 6 Smith and • Smith 0 19 0 1 Wilsons Cement .. 1 13 0 1 14 3 Woolworths (Syd- \ -l' • ney) ..... .. ... 4 11 0 4 13 0 breweries. N.Z. Breweries .. 2 9 6 Dunedin .. j. .. 1 9 6 OIL.. Moturoa .. .... 0 3 0 Moturoa (pref;) .. — 0 4 6 AUSTRALIAN MINING. Electrolytic Zinc -(ord:) ... . 1 1 3 1 •2 3 Mount Morgan (ex rights) • — 1 19 . 3 Upper Watut (2s paid) .. ... .. — 0 6 10 MINING. Aotearoa .. .. .. — 0 l' 0 Bell-Hooper — 0 0 3 Bendigo Goldlight 0 0 9i 0 0 10| Big River .. .. — 0 2 4 >■ Blackwater .. ., — 1 11 6 Gillespie’s Beach — .0 1 7 Golden Progress .. — 0 1 0 Golden Sands •• 0 2 9 Goldfields Dredging 0 0 9 Glenroy V,. — 0 0 5 Kildare —• 0 3 0 King Solomon 0 . 4 0 Lawson’s Flat . —1.. 0 0 4 Maerewhenua — 0 0 3 Nokomai 0 2 4 0 2 9 Okarito 0 7 11 Oxenbridge .. .. Paddy’s Point . .. — 0 0 10 . 0 2 5 Skippers .. . .. .. Wgjhi 0 0 5 0 0 6i 2 0 3 WalEi Grand Jctn 0 4 6 — Waitahu 0 2 3 — Maori Gully .. ... 0 1 3 0 1 6 • GOVERNMENT LOANS. 3i p.c. Stock, 19381943 .. .. .. .. !07 0 0 — 3} p.c. Stock, 19391943 107 0 0 3J p.c. Stock, 19411943 107 0 0 3i p.c. Stock, 19381952 .... .. 107 0 0 3J p.c. Stock, 19391952- .. .. .. .. 107 0 0 — 34 p.c. Stock, 19411952 .. .... .. 107 0 0 — • 4 p.c. Bonds, Jan. 15, 1940 .. .. 102 0 0 4 p.c. Stock, Jan.' i5, 1940 .... 102 0 0 — 4 p.c. Bonds, Feb. ■15, 1946 ■ . .. .. 104 15 0 — 4 p.c. Stock, Feb. - " ? * - •. -■ ; 0 15, 1946 104 15 —- 4 p.c. Bonds, April 15,. 1949 ., .. 107 10 0 — 4 p.c. Stock, April 15, 1949 107 10 0 — 4 p.c. Bonds, June 15. 1955 109 0 0 — 4 p.c. Stock, June *15, 1955 109 5 0 . +tCum dividend.

Sales on 'Change £ S. d. Commercial Bank of Aust. 0 16 4 Traders Finance (con.) 0 2 8 Westport-Stockton (pref.) 0 3 9 Auckland Gas 2) 1 7 6 National Timber .. .. 0 15 0 Manawatu Knitting 1 17 0 Broken Hill Pty. 2 11 0 Dunlop Perdriau .. .. 0 18 6 0 18 8 Farmers’Trading (2s paid) 0 1 3 N.Z. Refrig. (ids paid) 0 9 1 Wilsons Cement .. .. 1 14 1 Woohvortha (N.Z.) ,. 9 17 6 Mahakipawa .. ... .. 0 0 8 Mataki 0 0 Waihi i. .. 2 0 8 Waihi Junction 0 i 9

' Sales on 'Chang* Inscribed Stock, 4 per cem., 1940 102 0 0 102 •10 0 Commercial Bank of Aust. .. 0 16 4 Goldsbrough. Mort (4) 1 8 8 Dunlop Perdriau .. .. • 0 18 6 Skippers • • 0 0 6

Sales on ’Change N.Z. Government 4 per cent. Inscribed, 1937-40 102 10 0 Commercial Bank of Anst. .. 0 16 4 Commercial Bank of Sydney 10 7 C Bank of N.Z. (Long D) 1 11 10 1 11 9 Australian Provincial Assce. 0 10 6 X.Z. Rcfrig. (10s paid) 0 9 1 Tooths Brewery .. .. 2 8 0

£ s. d. N.Z. Farmers’ Co-op. 4i per cent. Stock, 1940 .. .. 82 10 0 N.Z. Farmers’ Co-op. 4$ per cent. Stock, .. .. 82 10 0 Quill Morris (in liquidation) 0 4 6 Big River 0 2 2 Brian Boru .. .. .. .. 0 0 Maori Gully ,. ,; .• (2) 0 1 3 Mahakipawa 0 0 H Nevis Diesel Electric 0 0 2| Sales Reported Reserve Bank (3) 6 10 b 6 10 6 Goldsbrough, Mort .. .. 1 8 6 ' (2) 1 S 8 N.Z, Kefrig, (10g paid) 0 9 1 British Tobacco (late sale Thursday) 1 17 6 Quill Morris (in liquidation) 0 4 6 0 4 9 Woohvorths (N.Z., ord.) 9 17 6 Alexander Mines ' 0 17 6 Maori Gully (late sale Thurs.) 0 1 4 Skippers 0 0 6 N.Z. Drugs 4 0 0 Unlisted, Stocks Macetown .. 0 1 2 Woohvorths (Syd., ord.) (2) 4 12 6 4 12 3