THE SHARE MARKET

Otago Daily Times, Issue 25303, 13 August 1943, Page 6

THE SHARE MARKET

DUNEDIN STOCK EXCHANGE A fair amount of business was transacted on the Dunedin Stock Exchange yesterday, and several sales were reported. There was a good inquiry for Government 4 per cent, issues, but there was little activity in regard to other issues of stock. Bank of New South Wales shar.es were quoted at £33 15s buyers, and £34 5s sellers, and while buyers were offering £2 9s 3d for National Bank of New Zealands, sellers would not come below £2 10s 3d. There were buyers for all insurance shares, but sellers were reticent. Southland Frozen Meats were wanted at £2 Is, but there were no sellers. There was a buyer for Westport Coals at £1 ss, without a selling quotation, and Kaitangata Coals were on offer at £1 14s 3d without a buyer. Colonial Sugars were firm, and there was no response to buying offers oi £57 There were offers for New Zealand Drugs (40s paid) at £4 9s, and for the 20s paid at £2 14s, but in neither case was a seller interested. ''•Mount Lyells were wanted at £1 9s 9d, but no sellers came forward. Yesterday’s Sales Dunedin.—Sales reported: 31 per cent. Inscribed Stock, 1957-60, £101; Union Bank, £7 13s 6d; Consolidated Brick, 9s; Woolworths (N.Z.), 15s lid. Auckland.— Sales on 'Change; War Loan, 1953, £93 5s (2); Liberty Loan, 3 p.c., 1953, £9B: Williamson's Pictures, 1949, 7J p.c., £95; Bank of New Zealand, £2 2s; Commercial Bank, 16s 8d; Bank of New South Wales, £33 15s; Traders Finance (con.), ss; Westport-Stockton (pref.), 6s 10d; New Zealand Breweries, '£l 16s 9d; Consolidated Brick, 9s; G. J. Coles, £3; Farmers’ Trading, £1 2s lid; (B pref.), £1 4s (jd; Farmers’ Fertiliser, £1 0s 9d; Macky Logan, £1 10s; Reid Rubber, £1 7s (3); (rights), 4s lid. Wellington.—Sales on ’Change: 21 p.c. Stock, 1957-60, £101; 4 p.c. Stock, 194649, £103; Felt and Textiles, £2 10s; New Zealand Breweries, £1 16s 9d; Reid Rubber (rights), ss; Forest Products, 6s 7d.— Unofficial list: Woolworths (N.Z.), 16s; Frozen Products, 11s.—Sales late Wednesday: 31 p.c. Stock, 1957-60, £101; 4 p.c. Stock, 1952-55, £106; New Zealand Refrigerating (£1 pd.), £1 5s 3d; Felt and Textiles, £2 9s 6d; Baffin’s Breweries (15s pd.). 15s sd. Christchurch.—Sales on ’Change: New Zealand Government 4 p.c. Stock, 1946, £lO2 ss; Westport Coal, £1 5s 3d; Bank of New Zealand, £2 2s.—Sale reported: New Zealand Farmers’ Co-op. (A pref., late Wed.), £2 18s.