THE WEEK REVIEWED.

Auckland Star, Volume LVI, Issue 180, 1 August 1925, Page 6

THE WEEK REVIEWED.

BETTER PRICES FOB WAR - LOANS. I BANK SHARES SELL WELL. . A fair amount of business was transacted j on 'Change this week, the business being I' distributed over a number of different lines. War Loans are a little llrmer, the buying offers Tor several lines having increased by 2/6 to 5/. Soldiers' Loans Had several sales, first at £100 15/, and arterwards at £101. The 4+ per cent War Loans, 1930 and 1938. are now wanted at £97, with 5/ less offered for inscribed 1938-39 loans. The 5 per cent loan, 1927, could be placed at £98 10/, and the 1929 ror £97 17/6, an adyance or 5/ in the latter line. Auckland Gas 64 per cent debentures are wanted at £100 and the Government 6 per cent loan have inquiry at £104, but sellers ask an extra £2. Milne and Choyce debentures are offered at £97, but buyers will not advance above £94. Shares in Banking Corporations met with good demand. Commercial Bank ordinary issue firmed a little, sales toeing- made up to 31/3, at which price more could be placed. National Banks sold at £6 13/6, and New Zealand from 54/9 to 55/9. Bank of New South Wales shares could be got ror £41 7/6, but buyers quote five shillings under that figure. Prior to the payment or the dividend by the Union Bank or Australia, shares sold at £14 19/, ex div., buyers now offer £14 11/. Colonial Sugar Refining Company shares registered another advance in price this week, a sale being 1 made at £53. As more were offered at the same figure the buying quotations dropped to £52 10/. Sanrora, Ltd. shares sold at 20/6 for ordinary, and 21 / ror preference issue, and Wilsons Cement had further transactions at 33/, with rurther buyers at that figure, and no sellers under 34/. Taranaki Oil sold at 20/, and Union Oil and Candle shares at 37/6. Sales were recorded ot Kawarau shares at 15/, arter which another threepence was offered. New Zealand Breweries debenture stock improved in price, sales being recorded up to 23/ since last report. Transactions also took place in Wiseman, Ltd. at 10/, and Dominion Pictures at 19/. Kauri Timber shares moved upwards this week, being sold, aud still wanted at 33/, as against 32/6 earlier on. Rotoiti Timber on the other hand are now offered at 23/. Watlii shares are a shade easier, transactions taking place at 25/6, and later at threepence under that llgureA number or transactions took place in New Zealand Insurance shares at from 34/9 to 35/, and Soutb British, alter selling at 49/6, again changed hands at 50/, at the third call yesterday arternoon. Standard Insurance are in steady demand at 45/, without any quoted seller. Auckland Gas shares sold, ex riv., at 22/6, and Taupiri Coal were placed, at 17/6 yesterday. Westport Coal had sales ai 32/6, and ror Northern Steam, contributing, 7/5 was paid, while 15/7 is offered ror the paid up issue. Huddart-Parker Steam could.stlll bo placed at 44/9, and buyers came in for P. and O. deferred stock, at £260. Both issues of Kemptliorne Prosser Drug were wanted this week at 64/9 for paid issue, and 23/ ror contributing. BUSINESS BONE. AT THE 3.15 P.M. CALL YESTERDAY— South British Insurance - (£2/10/0) Auckland Gas fl/2/G BANKS— Sellers. Buyers. Australian Commerce — : •.. 1/0/0 '• Commercial — •• 1/11/3 National 0/14/6 .. 6/12/6 New South Wales .. 41/7/6 .. 41/5/0 New Zealand 2/10/0 .. 2/15/0 Union of Australia .. — .. 14/11/0 INSURANCE— National 3/18/0 .. — New Zealand 1/15/6 .. 1/14/9 South British 2/10/0 .. 2/9/9 FINANCIAL— N.Z. aud River Plate 1/2/0 .. 1/1/0 Loan and Mercantile 95/0/0 .. — Loan*and Merc, (pref.) — .. 77/0/0 Wright, Stephenson (pref.) 17/0 .. — COAL— Hikurangi (A pref.) .. ' 10/0 .. — Pukemiro 2 6/0 .. 2/1/0 Taupiri ; 18/0 .. 17/0 Taupiri (pref.) " — .. 1/3/0 Waipa 1/2/G .. — Westport — .. 1/11/9 GAS— Auckland (old) -. 1/2/6 .. 1/2/4 Auckland (new) — .. 6/1 Birkenhead : IS/0 .. — Gisborne 13/0 .. — SHIPPING— Devonport Ferry 1/5/9 .. 1/4/9 Howard Smith, Ltd. — .. 1/14/6 Huddart, Parker (ord.) 2/5/6 '.. ' 2/5/0 Northern Steaiii (p.u.) — .. 15/6 Northern Steam (cont.) — .. 7/4 P. and O. Deferred.. 275/0/0 .. 200/0/0 Union Steam (pref.).. — .. 19/9 TIMBER— Bartholomew 1/2/3 .. 1/1/3 • Kauri Timber — .. I'l3/0 L.OB '. — .. 2/16/0 National 1/2/6 .. 1/1/9 Rotoiti 1/2/0 .. — WOOLLEN— Kaiapoi (ord.) 12/6 .. — Mosgiel 0/1/0 .. — Wellington — .. 6/5/0 Wellington (pref.) ... — .. 6/6/0 MISCELLANEOUS— Abraham, Williams.. 4/5/0 .. — . Burns, Philp and Co. — .. 1/15/6 Bycrdft. Ltd — .. 1/6/6 Colonial Sugar 53 '0/0 .. — Dental Supplies 18/0 .. 15/0 Dominion Pictures .. 1/0/0 .. 18/0 Electrolytic Zinc (def.) — .. 1/9/6 Electrolytic Zinc (pref-.) — .. 1/10/6 Farmers' Auc 3/17/6 .. 3/10/0 Gear Me.at, Ltd. .... 2/3/0 .. — Grey and Menzies ... — .. 9/6 Theatre Arcade (pref.) 1/0/0 .. 19/6 Kemptliorne, Prosser — ~ 3/5/0 Kemp., Prosser (cont.) 1/4/3 .. 1/3/0 L. R. Eady (7 p.c. B pref.) 1/3/0 .. — Milne, Choyce (Ltd.) — .. 1/4/0 Milne, Choyce (pref.) — .. 1/4/0 Milne, Choyce (B pref.) — .. 1/4/0 Milne, Choyce (deb.) 1/3/6 .. 1/3/0 Newton King, Ltd... 12/0 .. 9/0 Newton King (pref.) 18/6 ..' — N.Z. Breweries 2/0/3 .. 1/19/0 Farmers' Fertiliser.. — .. 4/10/0 N.Z. Refrigerating .. — .. IT/6 N.Z. Refrig. (cont.) .. 9/6 .. 9/0 N.A. Farmers' (B pref.) — .. 4/0 Northern Boot — .. 1/0/0 Phillipps and Impey — .. l/10/O Sanford, Ltd. 1/0/6 .. — Sanford, Ltd. (pref.) — .. 19/8 Sharland and Co. .. 1/1/6 .. Takapuna Trams .... 16/0 .. — Taranaki Oil 1/0/6 .. 19/0 Thames Theatre .... -— .. 14/0 Tonson Garlick 14/0 .. — Union Oil 2/1/0 .. 1/18/0 Wilsons Cement .... 1/14/0 .. 1/13/0 MINING— Kawarau 15/9 .. 15/3 Komata Reefs ~ 0/3 .. — Kuranui 1/0 .. 0/3 "Majestic 1/9 .. — Moanataiari ... 2/2 .. 1/9 . Mulr's Reef ... 1/0/0 .. — New Waiotahl (cont.) 0/4 .. 0/2J Nonpareil I/O .. — Ohinemuri Mines .... — .. 2/9 Waihi 1/5/6 .. 1/4/6 Waihi Grand Junction 1/2 , .. 0/9 Zeehan Consolidated.* 5/0. j", • — DEBENTURES— N.Z. Breweries 1/3/0 .. 1/2/ C Milne and Choyce ... 97/0/0 .. 94/0/0 WAR LOANS— Loan, 1930," 4* p.c. ... .. 97/0/0 Loan, 1935, 44 p.c. ... 97/5/0 .. 97/0/0 Loan, 1939. 4J p.c ... — .. 96/17/6 Loan, 1927, 5 p.c. ... — .. 98/5/0 Soldiers, 1933, 5J p.c. 101/10/0 .. 101/0/0 INSCRIBED STOCK— Loan, 1927, 5 p.c. ... — .. 98/5/0 Loan, 1929, 5 p.c. ... . • — ' ' ...97/17/6 Loan, 1938, 4* p.c. ... — ... 97/0/0 Loan, 1939, 4* p.c. .... — .. 97/0/0 Loan, 1927-41, 3} p.c. — .. 98/10/0 Soldiers, 1933, 5* p.c. — *. 101/0/0 ON A « SURE THING." "Who gets the benefit when the price of meat rises?" asked a.-farmer at Waverley (relates, an exchange). A voice: "When it falls the producer gets it in the neck, when it rises the consumer gets a smack, but no matter whether it falls or rises the middleman doesn't ■ care a bang." EXPORTS. TO RUSSIA. LONDON, July 27. Tbe. Parliamehtafy Sccrietary. to the Overseas Trade Mr. A. M. Samuel, stated; in tha House. .or Commons that British exports to Russia in 1924 were valued at over £11,000,000. — [ C'Sun.'J) „ .....