THE WEEK REVIEWED.

Auckland Star, Volume LIV, Issue 287, 1 December 1923, Page 8

THE WEEK REVIEWED.

MORE SALES RECORDED. SELLERS SHADE PRICES. Towards the end of the week more business was transacted on 'Change, but in most cases tills was due to sellers accepting lightly lower rates to clear lines. Soldiers' 5* per cent loan sold at £100 7/6 and £100 10/, as compared with £102 a little time ago. Tlie 4 A per cent loan, 1938, were placed at £96 15/, and the 1917-41 inscribed stock at £98. The 5 per cent loan also sold at £97 15/ during- the week. The various 4* per cent loans are still in request at £96 12/0, while Tor Soldiers' Loan, inscribed issue, 5/ above par is the best offer. In debentures, £ioo is offered for Auckland City 5J per cent, but no selling- flg-ure Is quoted. Auckland Gas 6* per cent debentures could be got for £104, but buyers only offer 20/ above par. Bycroft Ltd debentures are offered at £100, but buyers stopped at £95. New Zealand Breweries debentures sold at £102. and P. and O Dererred Stock eased a little, sales being- made at £300, as against former transactions of £5 above that ng-urc. Tne fact that on Thursday over £10,000 was paid for sections at auction, and on Friday anotii-r £28,388, ror land on the Glenside Estate. Symonds Street, may explain why there Is less disposition to buy war loans and debentures, at the rates formerly rulingA transaction took place this week in Bank or New .South Wales shares at £40 10/, a drop or 5/. National Banks could l>e placed at £6 14/, and up to 51/;) was paid for Bank of New Zeala.vi shares Hew Zealand Insurance changed bands at 28/9, while for South British 38/ is still offered. National Insurance chansrod hands at £3 15/, and could still be placed at sixpence under that llgure. Both issues or New Zealand Loan and Mercantile are wanted at £77, but no seller quoted yestci - day. Coal shares are neglected just now the only exception being that sales took place ol Waipas at 17/3. Hikuransl Coal shares are a little easier, being- now offered at 12/6. Auckland Gas, pairl '.ssue sold up to 25/7, and the contributing: issue at 3/4. Timber shares continue in steady demand, .but no sales have been .rpcorded although an extra threepence was offeicd for Kauris yesterday. L.OB. Timbpr are wanted at 38/6, ex div., and Wilsons Cement bad several sales at 28/ since payment of the dividend. Huddart Parker Steam shares eased a little dunn? tile •week, being sold at 41/, at which rate furBreweries, Ltd., eased to sellers at Si/H yesterday, but this did not discios» any buyers. Donaghys nope and Twine shares firmed yesterday to buyers at 34/0, but no seller was (Usclosed. New Zealand Milk Products also improved a littie, being wanted at 25/3, with no Quoted -tiler' Waihi shares maintained the rise noted last week, having sold frequently at 29/3 and 29/. Waihi Grand Junction shares sold at 4/6, at which llgure there are still