THE WEEK REVIEWED.

Auckland Star, Volume LV, Issue 224, 20 September 1924, Page 8

THE WEEK REVIEWED.

' BANK SHARES Flß__El_ More inclination to bay New Zealand war loans was displayed on 'Change this week, but values showed little alteration. Soldiers Loan 5i per cent changed hands at £101 7/6, arise or 2/0, but sales took place or the 44 per cent loans 1938-1939 at £97 10/. at -which figure further lines conld be placed. The 5 per cent issues are wanted at £97 15/, and Tor the 5. per cent up to £93 2/G was offered without sales resulting-. Buyers or P. and 0. DeTerred Stock advanced their offers to £595 yesterday, whereupon the selling figure was raised to £310. Several transactions took place in Harbour Board 6 per cent debentures at £103, which rate could be g_t for Auckland, Gas 6_ per cent. Auckland City 54 per cent are wanted at £95 10/, -with no Quoted sellers. The 4* per cent are offered at £91, but the buying rate Is £89. The new scheme Tor the Bank or New Zealand issuing- more shares and lending- money to the Government, seems to And favour ■with investors, as prior to the announcement, sales were made at 57/ and 56/9, but yesterday up to 59/ -was offered ■without Business rollowlng. Commercial Bank of Australia are a little firmer, sales being made up to 30/, and the preference issue were-placed at £6-8/. Buyers ot National Bank or Australia shares came ln at £13 Al, and yesterday's offers were advanced one shipping, but no selling rate was quoted. Buyers or Bank ot New South Wales offered £-10 12/6, an advance or half a crown, but this did not tempt holders. Union Bank shares were offered at £14 17/, hut buyers would not go higher than £1. 15/, so business did not result. . Insurance shar.es had more attention this ■week; a number or transactions taking place In South British at 43/, and -Yew Zealand at 29/6, while National sold up to 76/. ■ Several lines of Northern Steam contributing issue were.placed at 8/, and Huddart Parker Steam, arter being- transferred at •__/, are now wanted at threepence advance, Auckland Gas sold ai 24/10, and ror contributing issue 6/i was .National Mortgage shares are not often changing hands, hut tbis week a transaction was reported at 75/ C. Kauri Timlier shares Had sales up lo 31/, and Nationals -were placed again at 2./. Bu J e __? 0W < - vote ii/ 3 r °-' L.0.8. Timber, «id 22/: for Bartholomews. Kemptliorne Pros_cr Drug sold, and could still lie placed, at 68/6, while Sharland. Ltd, are wanted at 21/. Grey and Menzics, Ltd., shares had a good advance, 14/ Deing now £_£_5sS Farmers' Fertiliser also advlnced, being now wanted at 80/. but no seller _aTe- cd ,--,.3 alp , a c °-->«-<--" firmed a little sales taking place at 19/9. but Tauniri<: changed hands at is/, and'afterw-ards ai iVA' _T- U -°"? Cement are wanted at at Sanrort -- Ltd., preference issue, In mining shares, Waihi Grand junction 7-V n V- rn - )er or transactions at _/_i while ■HffSW*^"-^-'^ 3SHI'?-"* . ~— ~__ers asKmg one shilling.