MIKING.

Otago Witness, Issue 3614, 19 June 1923, Page 26

MIKING.

WEEK’S MINING NEWS. DUNEDIN STOCK EXCHANGE. Banking eharck have continued i-o experience good inquiry on the Dunedin Stock Exchange during the past week, and Nationals and New Zealand 3 have both registered a slight improvement. Bank of New Zealand shares, which changed hands at Gls 6d and 61s 9d on Monday, and had a reported sale i the same day at Gls, were sold at 63s 6d (two parceis) on Thursday, and had further reported sales at 62s on Tuesday, at 63s (two) on Thursday, and at C2s 9d, 635, and 64s on Friday. On Saturday last two c-alcs were reported at Gls. On ’Change on Friday these shares were sought at 6‘2s with a seller at 635. Insurance shares have not moved, but In shipping lines a fairly general advance has taken place. A sale of Hr.ddart, Barkers, which weie available on Saturday at Ms 9d, was reported on Friday at 45s 3d, and P. and O. Deterred Stock, wh ch was recused at 45344 on Friday of last -ok, was reported as having ben sold at £335 on Friday, whtn it was sought on 'Change at that price without attracting a seller lower than £339 Coal shares have also improved, Westports having had business at 40s and "WcstportStocktons (ord.) at 5s 9d (two, reported) on Monday, and at 6s lid and 7s (two) on Friday. Loan and agency and miscellaneous lines have not altered much, wiui tne exception, in the latter class, of brewery shares, which have again advanced to a fair extent. Manning's Brewery shares were sold at £6 4d on Wednesday, and a sale was reported at £G 7s 6d the following day. A sale of Crowns was reported at 54s on Tuesday. In meat preserving shares the inquiry for New Zealand Ksfrigeratings has slackened, and a parcel of the paid-up issue was released on Friday at 25s 9d. Among mining lines YVaihia have ia_ien back a little, arid, after two sales at 27s 3d on Saturday last and at 27s 5d and 2T.s 3d (two) on Monday, they were available on Friday at 26s 9d, with 26s 3d the highest offer. The inquiry for War Bonds, with the exception of 5s per cent. Postals, has not recovered. Bank of New Zealand shares, ex dividend and cum rights, were available at Gls 3d on the Dunedin Stock Exchange on Saturday, GGs 9d being the highest buying quotation. New Zealand Insurance shares were still sought at 29s 3d after business bad been transacted at that price, and the market for the preferential issue c4' Kaiapoi Woollen shares, of which there was a sale at 11s 3d, closed wtih a buyer at lie and a seller at 11s Gd. YVestport-Stocktona (ord.) shares were, sought at 6s lid without response, and £6 5s was offered for Manning’s Breweries with a like result. June 11. —Bank of New Zealand, 61s Gd, 613 Bd; Waihi, 27s sd, 27s 3d (two). Sales reported: Westport-Stocklon (old.), 5s 9d (two); Huddart, Parker (ord.), 455; Waihi, 27 s Gd; Bank of New Zealand, 61s. June 12:—Kaiapoi Woollen (pref.), 21s 9d ; Ilew Zealand Insurance, 29s 3d. Sales reported: Crown Brewery, 545: Bank of New Zealand, 625; New Zealand Insurance, 29s 6d. Jv.ner 13. —Mannir.’s Brewery, .26 4s. Salts Reported.—Dental and Medical, 20s; Westport Cnal, 465; P arid O Bank, £ls June 11. —Bank of New Z.-alands, 63s Gd (2); Westport Coal, 49s (3); Kaiapoi Woollen ('.Os paid), lls 3d. Sales repo) ted: National Bank, £6 18s; Manning's Brewery. £6 7s 6d; Bank of New Zealand, 63s (2); New Zealand Insurance, 29s 3d. June 15. —Westport-Stockton (ord.), 6s lid, 7s (two); New Zealand Refrigerating (pd.), 25s 9d. Sales reported: Huddart, Parker (ord.), 4os 3d; P. and O. Deferred Stock, £335; National Insurance, 90s; Westport Coal Co., 40s, Bank of New Zealand, C2s 9d, GGs, 61s; Mount live!', 24a. June IG. —New Zealand Insurance, 23s 3d; Kaiapoi Woollen 110 s paid), lls 3d. The following arc Saturday morning's buying soiling quotations, which are subject lo the usual brokerage: BANKING. Bank of Australasia — Sel £l4. Bank oi N.S. Wales —Buy £4O. Bank of New Zealand —Buy 60s 9d, se! 61s 3d. National Bank-—Buy £6 17s. J . and O. Bank —So-1 £ls ss. Dili on Bank —Buy £l4 18s, sel x . 5. INSURANCE. National Insurance Co.—-Sel 80s 3d.* N.Z. Insurance Co. Buy 29a 3d. South British Insurance Co.—Sel 35s 3d. Standard Irian ranee Co. —Buy 38s. SHIPPING. Huddart. Parker (ord.) —Buy 455, eel 45s Gd. P. and O. Deferred Stock—Buy £330, sei £3lO. U.S.S. Co. (pref.)—Bay 20s 61. CO All. Westport Goal Co. — Buy 39s 6d. sol 40s Gd. Weetport-Stookton (ord.) —Buy 6s lid. Westport-Stockton (prof.)—Buy 9s. IK)AN AND AGENCY. Goldsbrough, Mort—Buy 48s 9d, sc! 13s 6d. National Mortgage—Buy 81 s 6d. Perpetual Trustees—Buy 37s 6d. Trustees, Ex. and Agency—Buy 51s. Wright, Stephenson (ord.) —Buy 295. Wright, Stephenson (pref.l—Buy 10s, sel 90m.

MEAT PRESERVING. N.Z. Refrigerating (pd.)—Buy 25s Gd. N.Z. Refrigerating (con.) —Buy 13s, sel 13s 1 South Otago Freezing—Sel 955. MISCELLANEOUS. Brown, Ewing (ord.) —Buy 28s. Brown, Ewing (pref.)—Buy 203 Gd. D.I.C. (pref.)—Buy 20s 6d. Donaghy’s Rope and Twine —Buy 335. Dunedin-Kaikorai Trams—Buy 445. Kaiapoi Woollen (ord.) —Sel 23s 9d. Kaiapoi Woollen (con.) —Buy lls, sel lls 6d. Kaiapoi Woollen '(pref.)—Buy 21s 3d. Mosgiel Woollen Co. —Buy £7 7s. M'l i avnt and Co. —Buy 42s 6d. M'Leod Bros.’ Soap—Buy £l6 ss. N.Z. Hardware (ord.) —Sel 9s. N.Z. Hardware (pref.)—Buy 15s. N.Z. Paper Mills (ord.) —Se! 253. N.Z. Sugar of Milk—Buy 30s Gd, sel 32s 3d. Otago Daily Times—Buy 555. Smith and Smith (pref.)—Buy 19s 3d. Wilson’s (N.Z.) Cement —Sel 27s 9d. Wafd and Co. (brewers) —Buy 45s 2d, sel 48a. Manning’s Brewery—Buy £6 ss. Crown Brewery—Buy 545, sel 58s. MINING. Waihi —Buy 265, sei 26s 9d. Mount Lye”—Buy 23s Bd, sel 24s Gd. WAR BONDS. 4J per cent. Bonds, 1930—Sel £97 17s Gd--4J per cent. Bonds, 1938—Sel £97 lGs. 4£ per cent. Bonds, 1939—5 el £97 10s. 51 per cent. Soldiers’ Bonds, 1933 —Buy £lO2. 4J per cent. Inscribed, 193S—Sel £97” 10s. 45 per cent. Inscribed, 1939—5 el £97 10s. 5 per cent. Postal Bonds, 1929 —Buy £9B. * Odd parcel.