THE SHARE MARKET.

Otago Daily Times, Issue 17693, 2 August 1919, Page 12

THE SHARE MARKET.

DUNEDIN STOCK EXCHANGE.

Business on 'Chango during the past week wa3 somewhat quieter than it has been lately, but nevertheless a considerable volume of scrip has changed bands. Dredging stocks are only of very minor signiliOMce now, and there has been no demand for Rise and Shines and Rising Suns, the only dredging shares that havo been offered. Waihis and Grand Junctions have had a u of business, and the speech of the chairman of the Waihi Company at tho recent annual meeting in London has attracted considerable attention. Waihis were sold at £2 5s on Wednesday, and yesterday afternoon they were wanted at S Yesterday buyers were offering 13s for Grand J unctions, and sellers were asking only 3d more., but no business resulted. Business was done in Mount Lyells last Saturday, and again .on Thursday, at £1 6s, and they remain at about that figure. There has been little variation in the prices of bank and insurance stocks. Fullypaid Bank of New Zealands are wanted at £18 9s, with sellers asking 3s 6d more. The smaller issue was quoted yesterday at £14 7s and £14 lis for buyers and sellers respectively National Banks are offered at £6 10s. National Insurance are sought after at £4, but sellers are firm at £4 Is. New Zealand Insurance shares changed hands on Monday at £1 lis, and were offered yesterday at £1 10s 6d. There is a demand for South British Insurance shares at £8 4s and for Staasards at £2 18s 6d. There has been a lot of business in HuddartParkers, which went up to £2 3s 9d on the announcement of the purchase by Lord Inchcape of an Australian line of shipping. They bad dropped baok slightly yesterday. P. ajid 0, shares have declined in sympathy with the London market, which has receded to £510 according to the latest cable J? vice - rm ltley recQut 'y touched £555 at Home. They were sold here on Monday at £475, and were offered yesterday at £478, with buyers at £470. Coal and Oil shares have seen a good deal of business off Change after a long period of neglect, rhey are offered at 4s 2d and wanted at la less. The' interest may possibly be due to the presence of the New Zealand manager in London, which has given rise to speculations as to the cause of his visit. The market m Westport Coals has been fully sustained, and sales were recorded at £1 9s 7d and £1 9s 6d. The sharpest movement of the week has been in New Zealand Refrigerating stock, which jumped to £3 15s on the announcement of a 7£ per cent, dividend in place of the usual 4 per cent. They were inquired for, ex dividend, yesterday at £3 12s 6d, and were offered at £3 14s 3d. After having been neglected for months, Sugar of Milk shares have suddenly oome into prominence in anticipation of a good balance sheet, and were sold yesterday first at £1 12s 6d and then at £1 13s 6d. They closed with a further demand at the latter figure, holders asking Is more. Woollen shares have been in good demand, especially Oamaru Woollens, which were asked for at £1 19s without response. Bruce Woollens are sought Sit £1 18s. Freezing company shares are also in favour with investors, particularly Southland and South Otago, but they are only occasionally obtainable. New Zealand Drugs were sold yesterday at £2 16s. The closing of the Milburn Lime and Cement Works has not made its effect apparent yet in quotations on the Exchange. The sum of £1 14s was offered for them yesterday morning, but they were on the market at £1 15s in the afternoon, without response. Daily Times shares have come into some prominence, and there is an unsatisfied demand for them at £3 2s. Dominion Rubbers are to be had at £1 15s 6d.

Sales: Sugar of Milk, £1 12s 6d (two parcels), £1 13s 6d; New Zealand Drug(£2 paid), £2 16s. Sale reported: Sugar of Milk, £1 15s 6d. The following are yesterday's latest quotations, subject to the usual- brokerage:— Minihg Stocks. Talisman Consolidated—Sellers 8s 3d. Waihi—Buyers £2 4s 6d. Waihi Grand Junction—Buyers 13« sellers 13s 3d. ' Mount Lyell—Buyers £1 5s 6d, sellers £1 6s 3d. Investment Stocks. National Bank—Sellers £6 10s. Bank of N.Z. (£6 13s ■ 4-d paid)— Buyers £18 9s, sellers £18 12s 6d. Bank of N.Z. (£3 6s 8d paid)— Buyers £14 7s, -sellers £14 lis. y National Insurance—Buyers £4 sellers £4 Is. N.Z. Insurance—Sellers £1 10s 6d. South British Insurance—Sellers £8 4s. Standard Insurance—Sellers £2 18s 6d." Union Steam (pref.)—Buyera £1 0s 9d sellers ;vl Is 3d. '

P. and 0. (deferred)— Buyers £470, sellers £4-78.

HuddaTt-Parker (ord.)—Buyers £2 3s 3d sellers £2 3s 9d. ' Hnddart-Parker (pref.)—Sellers £1 la. Westport Coal Co.—Sellers £1 10a' Westport-Stockton (ord.)—Sellers 7s 3d. N.Z. Coal and Oil—Buyers 4s Id, sellers 4s 2d. D.I.C. (ord.)—Bayers Is 9d (prem.) D.I.C. (pref.)—Buyers £1 Is. Dalgety and Co.—Buyers £11 ss. Dominion Rubber Co.—Sellers £1 15s 6d Dunedin Stock Ex. Propy.—Buyers £2 2a 6d. N.Z. Refrigerating Co. (ex dhr.}~Buyers £3 12s 6d t sellers £3 14s 3d. Milburn Lime and Cement—Sellers £115s. Mosgiel Woollen Factory—Sellers £5 17s National Mortgage—Buyers £5. N.Z. Drug Co. (£2 paid)—Btrvers £2 15s 9d, sellers £2 16s 6d. South Otago Freezing Works—Buyers £5 Is. - Southland Frozen Meat ("O" issue) Buyers 16s. M*Gavin and Co.—Buyers £1 ss. Bruce Woollen—Buyers £1 18s. N.Z. Malay Rubber (ord.) —Sellers £1. Papuan Products—Sellers 2s 3d. Sugar of Milk—Buyers £1 13s 6d, sellers £1 14s 6d. AUCKLAND STOCK EXCHANGE. (Pee United Pbf.ss Association.) AUCKLAND, August 1. A sale of New Zealand War Loan took place to-day at £96. WELLINGTON STOCK EXCHANGK (Per United Press Association.) WELLINGTON, August 1. The following sale was mado to-day — Huddart-Parker, £2 3s 9d. The following sale was reported Wellington Meat Export, £3 9s. CHRISTCHURCH STOCK EXCHANGE. (Peb United Peess Association.) CfIRISTCHUItCH, August 1. The following safes were reported to-day New Zealand Refrigerating Company, £3 Sales on 'Change:—Beath and Co. £1 12s 6d. '