THE WEEK ON CHANGE.

Auckland Star, Volume LVII, Issue 144, 19 June 1926, Page 6

THE WEEK ON CHANGE.

BANKS AND INSURANCE BRISK. OTHER LINES STEADY. A fair amount of business was transacted in bank shares on 'Change, and insurance stocks with comparatively fewtransactions advanced in price. There was a little better inquiry for Government war loans, but few lines changed hands at the prices offered. Soldiers 5J per cent loan, however, sold at £99 10/, and an extra half-crown was paid yesterday. The 4* per cent loan, 1935-39" could be placed" at £96 7/6. while £97 2/6 is offered for the loan maturing in 1930. For the 5 per cent loan buyers offer ! £98 5/, and for the inscribed issue 5/ less is quoted. Milne and Choyce debentures are wanted at £95, which, price could also be got for Power Board loan, while an extra forty shitHhgs is offered for Hospital Board 5J per cent. Auckland Harbour Board 5J per cent changed hands yesterday afternoon at £95, Mount Eden Borough Gi per cent loan changed hands at £106, and Devonport Borough 0 per" cent debentures could be got,, at £101 10/. Transactions took place in Bank of New South Wales shares at £45 5/, while National Bank of Australia shares were transferred at £17 16/. The contributing issue is wanted at £S 15/, but no selling figure has been quoted. P. and 0. banking shares are in steady request at £9 7/6, and Union Bank of Australia at £15 3/6. Commercial Bank shares are a shade better, being sold at 31/, after which an extra threepence was offered. Australian Bank of Commerce shares are inquired for at 32/, and National Bank of New Zealand are still wanted at £0 17/6, sales being made at half-a-erown above that figure. Bank of New Zealand shares continue to advance slowly in price, sales being made up to 65/ •this week. Insurance shares are very Btrong just now, prices for some lines having reached a level "that leaves little return on the investment, but buyers are probably hoping for favours to come. New Zealand Insurance shares, after selling at 40/3 are now in request at threepence advance upon that figure. South British Insurance are now wanted at 60/, while Standard seem to have firmed in sympathy, as buyers now offer 59/6 without sellers being disclosed. National Insurance shares are in steady demand at £3 19/, but so far no selling price has been quoted. Companies connected with the farming industry are taceiving -a little attention. New Zgafoucl Farmers' Fertiliser sold at £."> 2/ prior to the payment of the 'dividend. Buyers now offer £4 14/6 ■ex div. Dalgety, Ltd. shares -are wanted at fifteen guineas, but the lowest seller *isked £10 5/. Buyers of Goldsbrough JMort shares now offer 49/3, while National Mortgage changed hands at 7i>/3. Farmers Auctioneering shares are wanted at 70/, and buyers of New Zealand Loan and Mercantile Agency oifer £94 and £79 for the respective issues ex div. just paid. Sanford. Ltd. ordinary shares had sales at 21/6 and 21/9. and British Tobacco were placed at 52/, at which r::(:' mors lines could be placed. • Further sr.les were made of Wilsons Cement at 3'/(i. Huddart Parker Steam were transferred nt 44/!). and n transaction was a'so rcnrdrri in Dovonport -Ferry at as/fi. . Taiijiiii Coal shares firmed to buyers at 19/ yesterday ii'fternoon, but no seller quoted under 20/. Waipa Collieries are 'wanted nt 13/, with no 'sellers under par. Pukemiro Collieries are in steady V< quest at 48/. Kemp'thorne , Prosser F.riig cofUributiii" share's firmed to b-n-ers at f>o/, and for Colonial Company sharps £V 1 is= now the buying quotation. A sharp rise took place this week in Ohinem'uri Mines. Ltd. shares, sales being made from 4/3 to 6/. This was due to good sulphide ore being met with in the Camoola lode. Waihi shares sold at 18/9 and Kawarau from 7/8 to 7/1; Albiirnia shares sold down to 5/3. and Lucky Shot from 1/5 to 1/9, and back to 1/3. A sale of Majestic shares took place at the third call yesterday at 1/3. This mine adjoins the Ohinpfniiri at Maratoto.