TRADE AND FINANCE.

Auckland Star, Volume LIV, Issue 293, 8 December 1923, Page 8

TRADE AND FINANCE.

AUCKLAND SHAREMARKET. TH_ WEES. K_;V__W_D. BUSINESS STILL BULL. Beyond the Tan that buyers or Sol_ers' 5i per cent loan. Inscribed, advanced their offers to Eloo 12/3 after sales being made at £100 10/, there was little alteration in the position with respect either to "War Loans or debentures. Buyers still offer par for Auckland Gas 61 per cent debentures, and £99 for Auckland City 5} per cent. Breweries debentures -were transferred at £10-2 during the week, and buyers still offer 10/ under that figure. New Zealand 5J Inscribed stock 1927-41, could be placed at £98, while £97 10/ is offered for 1927 Inscribed 5 per cent stock. The various 4} per cent loans, free or income tax, are not asked ror now above £96 10/. In mining shares, buyers came in for Buller, 5/ paid, at 33/, and advanced a couple or shillings at the third call yesterday. Waihi shares sold rrom 29/ down to 28/6, but arterwards touched 29/, with buyers at threepence less. Walht Grand Junction shares are wanted at 47/, Moanataiari at 1/6, and Four-ln-Hand at 80. Ban— or New Zealand shares firmed slightly during tho week, sales being made np to 51/9, and the new issue could be placed at 50/ as against 49/6. Bank or New South Wales shares sold at £40 5/. and Bank or Australasia, after being placed _t £13, were offered at one shilling under that figure at the third call yesterday. National Bank: shares are wanted at £6 15/, and Commercial Bank at 32/3. Sales were made or New Zealand Insurance at 28/9, at which rate there are still buyers. South British Insurance sold at 38/3, and buyers now offer threepence less. Wilsons Cement shares sold at 2S/ and 27/1 i. The week closed with sellers at the rormer figure, and buyers at 27/10. Auckland Gas sold at 25/6, and the 2/ paid up new issue at 3/5, with rurther buyers at the latter figure. Inquiry was made at the third call yesterday for New Zealand Loan and Mercantile ordinary stock at £80, while £77 Is regularly quoted by buyers of the preference issue. Comparatively little business is being done In coal shares just now, but prices are well maintained. Hikurangi Coal are now offered at 12/, and the rights were transferred at sixpence. Buyers or Waipa Colliery shares could still be placed at 17/, but sellers ask an extra sixpence. Huddart Parker Steam changed hands during the week at 41/, at which figure more could be placed. Buyers came in this week for Rotoitl Timber shares at 22/, but no selling figure was quoted. National Timber shares firmed a little, buyers now offering 19/9, but holders ask 21/. New Zealand Breweries, Limited, sold at 24/6, and are still offered at that figure. New Zealand Milk Products, Limited, firmed this week, buyers now offering 26/, but holders ask 30/. Takapuna Tram and Ferry shares changed hands at 20/, with further buyers at threepence under that rate.