THE WEEK REVIEWED.

Auckland Star, Volume LVIII, Issue 89, 16 April 1927, Page 4

THE WEEK REVIEWED.

MARKET CLOSES FIRMER.

A better tone was noticeable on "Change a day or two before closing down far the Easter vacation Sales of Bank of New South Wales shares took place at £50. and for Union Bank of Australia there haw been steady buyers at £13 11/, but selleix wanted fifteen guineas. Bank of New Zealand were transferred at 60/, and buyers then offered threepence under that fipure. Bank of Australasia shares firmed to buyers at £14 9/6, but no selling figure was quoted. National Bank of Australasia. contributing rights, are also a. shade firmer, ebing wanted at 33/. All insurance shares were wanted," but the only sale was in Nationals at 72 9. A transaction occurred in Mosgiel Woolleu Co. shares at £6 4/, and occasional inquirv was made for Wellington Woollen at £6 5/ and £6 6/ for the respective issues. National Mortgage Agency shares changed hands at 65/6. and Sand ford. Ltd., ordinary issue, were placed at 22/. Sales of Union Oil stock were made at 41/, and of Taranaki Oilfields at 10/9, which is a slight decline in the latter instance. Auckland Gas had a number of transactions at 23/1. and the contributing issue sold at 14/6. New Zealand Farmers' Fertiliser shares firmed to sale at 80/, with further buyers at that figure. All coal shares were inquired for, but no transactions occurred during the past week. Pukemiro Collieries eased slightlv. sellers being willing to accept £2 19/6. Westport Coal shares firmed to buyers at 35/. Timber company shares are still neglected, and had no sales during the past week. Hikurangi preference issue are now wanted at 2/, and A preference at 1/7. Northern Steam sold at 13/1, and later at 13/4, a recovery from the drop to 12/9 a week ago. Buyers offered 46/" for Huddart Parker Steam, and par for the preference issue, but no sellers quoted. Inquiry continued for Donaghey's Rope and Twine shares at 34/6 without a seller being disclosed. Henry Jones, Ltd., firmed a little, buyers offering 50/9. Tonson. Garlick shares were offered at 17/, but buyers dropped to 14/. Wilsons Cement eased to sellers at 35/, but buyers were threepence under that figure. War Loans and Debentures showed a little improvement in price. Soldiers 5Vi per cent loan changed hands at £101 2/6 and £101 5/. the market closing with buyers for all four per cent loans at 20/ premium. The various 4% per cent loans were a little firmer, there being buyers all round at £96 10/, an advance of of. Harbour Board 6 per cent, debentures firmed 10/, buyers offering £102 10/, but no selling rate was stated. Auckland Gas 5 per cent, are wanted at £92, and the 6% per cent at £99. In neither case, however, were there any sellers. Devonport Borough 6 per cent loan are wanted <it par, and Mount Eden 6\& per cent at £105. A sale was made of Auckland City debentures, 5U per cent. 1940, at £97. and sellers came in for Maxmell, Ltd. debentures at £101.

Mining shares had more attention this week, although sales were not numerous. Lucky Shots, after selling at 2/2, firmed to 2/4, andfor the paid issue 2/8 was paid on Thursday Kawarau shares, owing to frc: selling, dropped to 2/7, but on Thursday recovered again, sales being made at 3/. Ohinemuri Mines changed hands at 5/, and Waihi shares sold at 17/, the market closing with buyers at that rate. The Exchange resumes business at 10 a.m. on Tuesday, April 26.