THE WEEK REVIEWED.

Auckland Star, Volume LV, Issue 248, 18 October 1924, Page 8

THE WEEK REVIEWED.

BUSINESS CONTINUES QUIET. VALUES HOLD WELL. Fewer transactions were recorded on •Change this week, an indication that either there is less money available for Investment, or that prices for. stocks have reached a level at which buyers have no desire to operate. Tue fact that sellers are not shading prices in order to effect ■ales would seem to indicate that high figures are checking business. War Loans and debentures are not having many sales Just now. The CJ per cent Soldiers' Loan, however, had transactions at £101 15/ for bonds, and £101 10/- for inscribed stock. The 4J per cent War Loan, free o£ income tax, sold at £97 12/G for 1038 bonds, and £07 10/- for inscribed stock. Buyers offered £98 7/G for the 5i per cent Loan. 1927-41, but afterward dropped their offer 2/6. P. and O. Deferred Stock are again offered at £301, with buyers at £290. Farmers' Union Trading bonds were offered during the week at £90, and Bycroft Ltd.. as well as Milne and Choyce debentures, at par. In banking stocks New Zoalands are a little easier as far as buying offers are concerned. Sales tool: place during the ■week at 59/6 and 59/3. Commercial Bank preference issue sold at £6 8/-, but Bank of New South Wales arc offered at a slight reduction, the price being £41 12/6, but no buyer quoted. National Banks could be got at £0 13/6, but buyers stopped at £6 11/6. Union Banks were offered yesterday afternoon at £14 18/-, but the buying late Is now 2/- under that figure. Insurance shares had a little business, Nationals selling at 73/- and South British at 43/-, after which a seller quoted 3d under that rate. Quite a number of New Zealand Insurance changed hande at 30/-. Kauri Timber Company shares had sales acd are still wanted at 30/0, and Leyland O'Brien could still be placed at 44/-. Nationals are also in request at 23/- A transaction took place in Grey and Menzie, Ltd. shares at 19/-, but after that only sellers at par quoting. Huddart Parker Steam shares changed hands at 43/6, while 17/- and S/- are offered for the respective issues of Northern Steam. A number of sales were made since last report in Taupirl Coul at IS/-, which fcgure is still offered. Waipa Collieries are alßo asked for at 19/ C, but sellers quote 20/3. Westport Coal were inquired for yesterday afternoon at 30/9, but sellers f?S? d £ S/ ~- Sev erul lines of New Zealand Milk Products were transferred at 27/6 l»ew Zealand Refrigerating contributinc issue, were placed at 11/0, and Farmers' Auctioneering ordinary shares eused to sellers at 01/-, hut latterly i>.. buyer quoted. Kempthorne, Prosser Drug lield the advance previously notoil, being still wanted at 71/-, hut sellers siskrd 74/-. isharlands . Drug are wanted at 21 /«. New Zealand Breweries are Inquired for at -</v. Shares in woollen companies were not inquired for this week iloanataiari shares failed to maintain the recent small advance. New Waiotahis sold at SJd, and Zeehan Consolidateds at 7/6, with further sellers of the latter line at the same %ure. Waihi Grand Junctions are now offered at 2/- while the guying quotations lor Waihi shares is 27/0.