THE SHARE MARKET

Otago Daily Times, Issue 18808, 10 March 1923, Page 11

THE SHARE MARKET

DUNEDIN STOCK ESCHANGBI/ The turnover on the Dtmedin Stock Exchange for the past week has been quite up, to the average, though business was fairly quiet during the first few days. The..last two days made up for this, a large number of parcels changing hands on each occasion. In banking shares, Unions, Zealoods.and Australasias have not changed their post* tiona, while Nationals and Wales have - advanced slightly. The • latter were available on Thursday at £l3 X7s 6d, but were sought yesterday at that figure without attracting a seller. Standard and National Insurances have had their usual good inquiry without producing sellers, while Zealanda and South British have registered a slight advance. The former were sold on four occasions:yesterday at 28s, and then once at 28a 5 Id. Shipping shares have received regular inquiry, and the ordinary issue of Hnddart* Barkers (cum div. and cum rights) has improved its position considerably, a parcel being turned over on Tuesday at 69s 9d. AU coal shares have advanced a little, and both issues of Westport-Stooktons are now being sought at prices at which they were rejected a few days ago. The preferential issue had a sale (cum div.) yesterday at Ba' 9d, and. the market closed with a buyer still offering.that figure. As usual, loan and agencies nave had plenty of inquiry, but few declared sellers, despite the fact that in one dr two instances improved prices have been offered. There has been more than the usual activity in meat preserving lines, but, apart from sales of the contributing issue ol New Zealand Refrigeratings, no business has been done. This lino, however, hod two sales oa Wednesday at 14a and one on Thursday at the same figure, while yesterday there wer* another two transactions—one at 14s Id and one at 14s Sd. Interest in miscellaneous shares has centred mainly round Paper Mills and Wilson’s Cement shares. A good deal of business has been done in these lines, and the prices have all improved a little. There were sales of both issues of Paper Mills at 25s on Thursday, and the old issue was sought yesterday at 25s 2d, with a holder offering at 25s 4d. "Wilson’s Cements bad sales at 23s 8d on Monday, 23a 9d and 23s lOd (reported) on Tuesday, and two (reported) at 24s 3d on Thursday. In War Bonds the inquiry for 4i per cents, has eased, but 6 and 5i per cents, are still being aohght at firm prices. Early in the week 1938 Bends and Inscribed Stock were turned over at £97 ss, but at a later date a parcel of the Bonds was released at £97. There has been a good deal of movement in mining shares, Waihi* having risen a little and then fallen book again, while Mount Lyella have gradually advanced until they realised 25a 6d and 25a 9d at yesterday afternoon’s calk The’market for these closed with a, 2d margin, tha buying and selling quotations being 25s 8d and 25s lOd respectively. Grand Junctions, which hod a sale at 8s 8d in the middle of the week, were offered yesterday at 9s, without attracting a seller. Yesterday's sales: Now Zealand Insurances, 28s (four), 28s Id: Wostport-Stockton Coal Co. (pref., cum div,), 8s 0d; New Zealand Refrigerating Co. (oont.), 14s Id, 14s-Sd; Mount Lyoll, 25e fid, 25s 9d. 'Z Sale reported: P. and 0. Deferred Stock* £315. The following are yesterday afternoon’* baying and selling quotations, which or# subject to the usual brokerage: , BANKING. Bank of Australasia—Buy £lB Bs. Bank of N.S. Wales—Buy £B7 17s Sd, Bank of New Zealand—Buy 86s 9d, set S7a 3d. National Bank—Buy £6 Bs. P. and O. Bank—Sel £l4 6a. ' Union Bank—Buy £l3 18a 6d. INSURANCE. National Insurance Co.—Buy 74« 3d. : N.2. Insurance Co.—Buy 28s Id, eel 38* 2d. South British Insurance Co.—Buy 87« Bd, eel SBs Sd. Standard Insurance Co.—Buy SSa fid. SHIPPING. Howard Smith—Buy 52e 6d, sel 54s 6d. Huddert, Parker (ord.) —Buy 59a Bd, m) 69s 9d.' Huddart, Parker (pref.)—Buy 19s lOd.P. and O. Deferred Stock—Sel £Bl7. Union Steam Ship Co. (pref.)—Buy 195114,' * COAL. N.Z. Coal and Oil—Buy 2s 9d. Westport Coal Oo.—Buy 86s. Westport-Stockton (ord.) —Buy 6s. .. Westport-Stockton (pref., erfm div.) —Bujf 8s 9d. LOAN AND AGENCY. N.Z. Loan and M. (ord.) —Buy £B4. N.Z. and River Piste—Buy 20s. Perpetual Trustees —Buy f 375. Trustees, Executors, and Agency—Bny 47*. Wright, Stephenson (ord.) —Buy 265. Wright, Stephenson (pref.)—Buy sel, 17s 6d. MEAT PRESERVING. r Canterbury Meat—Buy £ls Is. " ?■ Gear Meat Oo.—Buy 425. N.Z. Refrigerating (cont.) —Buy 14s 3d, s 4 14s 6d. Southland Frozen Meat (ord.) —Sel 31a. South Otago Freezing—Buy £4 6s. MISCELLANEOUS, Brown, Ewing (ord.) —Buy 275, Brown, Ewing (pref.)—Buy 20s 3d. Bruce Woollen Co.—Buy Sis, eel 37a, ; D. 1.0. (pref.)—Bny 20s Sd. Dental and Medical Supplies—Buy 2Ba. Dominion Rubber—Buy 17a 6d, eel 20a. Donaghy’e Rope and Twine —Buy 31s )fid. Dunedin-Kaikorai Trams—Bny 26s 6cL Duinedin Stock Exchange Propty.—Buy 41* fid. Kaiapoi Woollen (ord.) —Buy 23s 3d, eel 24s fid. Kaiapoi Woollen (cont.) —Buy 11s, sel 12a, Milburn Lime and Cement —Buy 33a fid. Moegiel Woollen Co.—Buy £7. M’Leod Bros. Soap—Buy £l6. National Electric—Buy 20s 6d, eel 21e, N.Z. Drug Co.—Buy 58s 6d. N.Z. Hardware (ord.) —Buy 7s lid, sel 9* 3d. N.Z. Paper Mills (old ieeue) —Buy 254.24* eel 25s 4d. N.Z. Paper Mills (new issue) —Buy 2Ss. N.Z. Sugar of Milk—Buy 82s fid. f Otago Daily Times—Buy 495. Whitcombe and Tombs—Buy 70s. Wilson’s (N.Z.) Cement—Buy 245, sel 244 fid. MINING. Waihi—Buy 28s 3d, sel 30s. Waihi Grand Junction—Sel 9s. Electrolytic Zinc—Sel 3Cs 3d. Mount Lyell—Buy 25s 3d, sel 25s lOd. WAR BONDS. 1 4J per cent. Bonds, 1938 —Buy £97. 4i per cent. Bonds, 1939—8uy £97. 5i per cent. Soldiers’ Bonds, 1933—8uy £IOO 17s fid, sel £lOl 2s fid. 4J per cent. Inscribed, 1938—Buy £97. 4i per cent. Inscribed, 1939—8uy £97. 5J per cent. Soldiers’ Inscribed, 1933Buy £IOO 15s, sel £lOl 2s fid. 5 per cent. Postal Bonds, 1927—8uy £97 12s fid. 5 per cent. Postal Inscribed, 1927—8uy £97 10s. 5 per cent. Postal Bonds, 1929 —Buy,: £37 10s. 6 per cent. Postal Inscribed, 1929 —Buy £97 10s. NORTHERN EXCHANGES. ■ (Pbb United Pbess Association.) The following business was done ob ’Changes yesterday; Auckland, March 9.—Sales: New Zeeland Inscribed Bonds (1938), £97 10s; Bank of New Zealand, 575; National Insurance,'7ss; River Plate, 21s fid'; Milne, Ohoyce, 24s;' Debentures, 23s 3d. Christchurch, March 9. —Sales reported:! National Bank, £fi Ssvfid; Adelaide Steamship Company, £1 3s; Dunlop Rubber ([cum div.), £1 3s 9d; Waihi. £1 6s fid; Burns, Philp, 33s fid. Pales: ICational Bank, £6 8s 3d; Bank of New South Wales—buy..£37 17b fid (two parcels), sel. £3B. At the usual monthly meeting of the St. Clair School Committee there were present;: .. Messrs Anderson (chairman), Ritchie, Wileon, Campbell, Priest, and Rhodes. The headmaster’s report was received, showing a roll number of 506. This report also dyew attention to the inadequate size of the rodms on account of the increase in the number of children joining the school. An estimate was received from Messrs Wood and M‘€ormaeje in respect to the gravelling and draining of the remainder of the school grounds, and it was decided to approach the Bdnca- . tion Board with a view to asking its -'consent to having tliis work carried out. A ' number of other matters, including the heat, ing of the school, were dealt with. It was decided to close the school for tllfe Easter holidays on Thursday, Friday, Monday, and Tuesday. Messrs Ritchie and Wilson yere appointed the Visiting Committee ensuing, month. CORNS , GONE IN SIX DATS. ? Simply apply Progandra to your corn on a piece of cal'ico—repeat for six diys, then wash the foot in warm water. Your corn will then lift out completely and pain, lessly—root and all. Progandra does •.not harm the flesh—removes both hard and soft corns. Money refunded if Progandra does not do the work. Is 6d everywhere, or post free from Barraclough’s Ppty., Box 1247, Wellington. Barradough’a Magic Nervine Stops Toothache. Is 6d everywhere. ’ f $ Rheumo Rapidly Removes Rheumatism, 2s 6d, 4s 64 J £139