MARKET CHANGES.

Auckland Star, Volume LIV, Issue 269, 10 November 1923, Page 8

MARKET CHANGES.

Union Bank—Buyers £14/10/0, down 1/0. Abraham. Williams—Buyers £3/10/0, up 2/. H.M. Theatre Arcade (pref.)—Sales £1/0/0, up 1/3. N.Z. Breweries (Deb.) —Buyers £102, up 5/. 0/0. DULL WEEK ON 'CHANGE. MINING SHARES NEGLECTED. LITTLE INQUIRY FOR WAR LOANS. Since last report business on Change has been unusually dull. Transactions were Tew, but on the average sellers did not abate their prices. In some few instances buyers advanced their offers, but not up to the level of holders' ideas or values. Wilsons Cement llrmed slightly after the declaration of tile dividend, buyers offering £S/0, while sellers raised the figure to 29/. The satisfactory report rrom the L.O.D. Timber Company resulted In buyers advancing their offers to 39/, but no selling rate lias been quoted for so"me time past. National Timber could be placed at 19/6 while buyers continue steady Tor Parker Lamb Timber at 30/. In banking shares, sales took place of Nationals at £6 16/, and New Zealands, new issue, at 49/6. Union Bank shares changed hands up to £14 18/ yesterday, but Bank or New South Wales sellers are now willing to take £40 15/. Insurance shares are not so firm this week, as New Zealands could be got for 29/6, and South British changed hands at 38/6. Coal shares showed no change this week, and no transactions were recorded. Gas shares eased a little since last report, old issue being offered at 25/6, and new at 3/4 Buyers came in again for P. and 0. Deferred Stock yesterday, and a small lot changed hands at £308. Woollen Company shares are a little better, up to £9 3/ being now offered Tor Wellington, and 21/3 for Kaiapoi, but these prices were not accepted. A seller came in or Colonial Sugar shares at £50 10/, but no buyer responded. Gear Meat, Limited, shares rose a shilling this week, 41/ being now the buying quotation. New Zealand Products are a little better, being wanted at 25/3 this week. In mining shares the most noticeable Teature this week was the drop in Waihi Grand Junctions, which sold down as low as 4/10, and are still wanted at that figure. A line or New Walotahi shares sold at 6d, and New Four-in-Hands are wanted at 9d. Inquiry set in this week for Auckland Gas 6J per cent debentures at £101, but sellers did not quote below £105. A seller came in this week or City 4 per cent debentures at £90, but the best buying offer was £83. N.Z. Breweries debentures changed bands this week at £102, and could still be placed at 5/ under that figure. There has been a marked ralling-off In the demand for War Loans during the period under review, but this has not had the effect or causing Sellers to lower their prices to any appreciable extent. The 5 per cent issue sold at £98, and the 44 per cent are now offered at £97/5, while for Soldiers 5 per cent inscribed loan the best offer yesterday was £105.