TRADE AND FINANCE.

Auckland Star, Volume LIII, Issue 78, 1 April 1922, Page 8

TRADE AND FINANCE.

AUCKLAND SHAREMARKET. THE »VEKK RKVIKWED. ml)n e tivxs sa<:tions. nk'i v tf.n ruicßs. As Ilio ::isl. (if TUareli is the end of the fixmnf?iii I yrsr uot oti'.y for I hi* (io vcni ■ ment, ns Well ns local bodies, but also ihr date on which snrme banks balance, ii ts a little surprising to tin able to rrpnrt a distinct Improvement in business on Vuanee. Not only were more sales recorded. Out higher prices were paid for a number of lines. Banking shares are firmer on the average. Frequent sales have been made of Bauk'o" Now Zealand shares at 48/fi and 48/. Union Hank of Australia changed lianrtn up to £12 r>/ during the week us cam-pared With buyers at at last, report. National Bank shares were placed at £". Hi . ;ii!d Iniyrn of Commercial flunk preference, isgnn advnnce<l their offer from £."> 10/ to C> !:•.■ srkhout sules result Ins- Males of rsnnk of Australasia shan-s to.ik placo at £V 2 .V. and 'buyers fhen dropped to £11 IS/e. (iovernmeut loan stocis have hud good inquiry since Inst rnpnrt. and 5.7.. Inscribed stock, 11130, were sold ill f!V> in/Transactions took place In soldiers' loans nr SM IR/ and £!>4 17 V,. The latter llsuro was also paid for the inscribed soldiers' loan. 5.7.. War Loan. ]9.'tn. sold lit Kit) 7 G and £00 10/. mid at ilie .tliird call yesterday there were buyers for liias and 19311 line's of 4* per cent nt £!*. V2'fi. while for the Inscribed issue CM) Hi/ was offeied. The IDM loan went 1n demnnd at £!iii in/, and ijci-asioniilly an extra 5/ was offered.' rtoth issues of ihe 5 per i-ent loan arc still in request at a>3 flo/. but sell, i_- v. There Is a marked advance in Hie prices offered for Govi-rnment w.ir loans tUls March as compared with quotations a year iijo at the same dtite. Insurance shares showed little alteration upon the quotations ruling the previous week. Further sale.; tooi (place of South Krlllsh. at W. Hlkuransl Oodl sold nt 11/. and Taupiri prefe--'>ucc were ingulfed for a I ~~ Sl m "estport Cor.i could also iK placed flt 27/0. Kales ot Wsetport Coal were made at 20/ S. and contributing issue coulil lie placed at 15/10. V. rind 0. deferred slot l> • hanged hands at £3>". and at the third call yesterday CS>B nra« offered, but sellers asked £;tliF. Woollen shares maintained the rise noted previously. ICnlapnls beluK placed at lluddart I'arker Steam «ere placed at 42/. and -buyers o< Northern advanced their offers to i:i/G without .tales resulting A transaction took place in Auckland Tracs, ordinary issue, «t 16/, more being available at the same rate. Inquiry set in for Paretic Oil nt • . and the buyer advanced another six pence at the last call yesterday. Wilsons < cment sold from 1.1,1 to 15/3 during the week. A transaction also took place in Rums, rhllp. Ltd., at 20/, while Milk Products. Ltd.. were offered at 23/ and wanted at 31/6. in mining shares Wathls are now Grand , J*n 2 ° / ' WUh hllJ ' ers oSprin ß l»/0. inquired for at" 6/2. Mule's" Keotl' we"! quoted by sellers at co/. and yeste ifternoon the Bcnre dropped 2/C