THE WEEK REVIEWED.

Auckland Star, Volume LVII, Issue 276, 20 November 1926, Page 4

THE WEEK REVIEWED.

DEBENTURES WANTED. MOANATAIAEI SHARE? RISE. Some activity was imparted n> Imsiness on 'Change this week, owing to a sharp advance in the price of shares in the Moanataiari Gold Mining Co. Reports of dabs and colours of gold caused a sudden demand to set in for these shares, which rapidly advanced from 2/6 to 6/6, fair parcels being sold at the latter figure. In the absence of any report of picked stone the inevitable decline followed yesterday, shares selling from 5/10 in the morning down to 5/ at noon. At the third call a further drop to 4/9 took place, after which sales were made at 5/. The paid issue sold at 5/3 yesterday afternoon. As the New Waiotahi mine is working on the Waiotahi-Cambria reef, and adjoins the Moanataiari property, shares in that company had sales from 1/4 to 1/7, but yesterday dropped to buyers at 1/4. Lucky Shots had business at 1/, 1/2, and 1/1, while Grand Junctions sold at 2/5 and 2/4. Alburnias eased from sales at 4/6 to 4/3. Kawarau shares are a little firmer this week, having sold up to 3/2, at which figure more could be placed. Sales took place of Ohinemuri Mines at 5/10. A little more business was transacted this week in investment stocks, and some few advances were recorded. Bank of New Zealand shares sold at 60/9, and the rights had numerous transactions at 6/6 and fi/7. National Bank of NewZealand shares were placed at £7 1/, and for National Bank of Australia £1S 7/6 could be got. Bank of New South Wales sold at £44 17/6, and there have been steady buyers of Union Bank of Australia at £15 4/. English and Scottish Bank shares were asked for at £8, after which an extra 2/6 was offered. Insurance shares are not in such keen demand as they were. South British changed hands at £2 17/ and New Zealands are offered at 39/6. N.Z. and River Plate shares are still wanted at 23/3, and New Zealand Guarantee Corporations cDuld now be sold at 10/3. New Zealand Loan and Mercantile Agency stock have steady inquiry at £94 10/, but sellers want higher figures. Sales of Hetherington Collieries (7/ paid up) were made at a concession of threepence. Pukemiro Collieries on the other hand are now wanted at 57/. Buyers still offer 15/ for Waipa Collieries land 21/6 for Taupiris. Goldsbrough Mort shares sold at 50/3, after which 49/6 was accepted. Farmers' Auctioneering: shares are in regular request a. 93/, but latterly no selling price has been quoted. Electrolyte Zinc shares were transferred at 36/6 for the ordinal y issue and 37/3 for the preference. Farmers' Auctioneering shares changed hands at 17/0 for A preference issue. A fair amount of business was done in Auckland Gas this week, paid issue selling at 23/9, and contributing at 13/. Sales also occurred of Gisborne Gas at 10/9. Staples Brewery shares were transferred at 38/, and Kempthrone Prosser Drug at 70/. Taranaki Oil shares sold at 10/6, then at one shilling lower, after which 10/ was paid. Wilsons Cement are firmer this week, having sold up to 34/6. More attention was paid this week to War Loans and debentures. Soldiers Inscribed Loan sold up to £100 15/, at which rate there are still buyers. For the 4J per cent War Loan £96 10/ is offered. The 5 per cent War Loan, 1927, could be placed at £99, and the 1929 at £98. Glaxo, Ltd, debentures sold yesterday afternoon at £89. Inquiry set in for New Zealand Milk Product 8 per cent debentures at £105, but no seller quoted. Auckland City 5_ per cent debentures sold at £96, while for the 5_ per cent there is a buyer at £98. Auckland Harbour Board 6 per cent are still inquired for at £101 10/ but there are no sellers.