ON 'CHANGE.

Auckland Star, Volume LVIII, Issue 136, 11 June 1927, Page 4

ON 'CHANGE.

THE WEEK REVIEWED. INSURANCE STOCK FIRM. 01 HER LINES STEADY. Business on ""Change shewed a slight juiprovement this week, tkousrii iht volume t<: sales- is still on the short se'e. More disposition has been shown to operate m War Loans and public bodies debenture*. The 4 1 * per cent loan, maturing 103$. so._ at £DG 17 o and £97. Ihe latter figure was also paid for the inset Ibed i'z ;-cr cent loan. The Governmen: e'- T- ■' cent loan. 1936. had sales at i'lf'l 2 and Auckland Harbour Board «""-2 pet con: changed hands at £PS !•" . A s.i:e was ako made of Auckland C, a > OV per cent debentures at £IUU There are a ~o buyers of the Devonport C ]>er t en: . an 1 Auckland Fire Boat ! G per cent par. Sellers came in this woek («:' New Zea:.md Milk Product debentures at £lb ; . ra.t no buyers quoted. Glaxo Ltd. cii'bcntuies aie now wanted at £S8 T' . Better prices were ottered lor a number of stocks. South Britisii Insurance -could now be placed at 58 and New Zealand sold at *40 3. Bank or New Zealand shares changed hands at Oo , ' l . r.n-1 National Bank at £7 3. G. Union Bank of Australasia shares were transferred at £15 12,'(5, and Bank of Australasia are wanted at £"14 14 6. National Bank ox Australasia, ordinary issue, nrun d to buyers at £17 5 , and sellers oi contributing issue quoted £S 7/. English and Scottish Bank changed hands at £8 -6.-6 and Commercial Bank phaies sold forward at 3Q/3. Bank of New South Wales shares are inquired for at £4-1 15. , and for the rights £24 15,' is offered. A sale was reported of Colonial Sucar Refining Co, shares at £53 1U . at which figure more were offered yesterday. Xa:apoi Woollen Co. ordinary shares had steady inquiry at 9/9, but sellers asked 11/3. There ■were also buyers of Wellington Woollen preference issue at s.x guineas, with no quoted sellers.

Pukemiro Collieries had transact)" during the week at 59/, and Waipa t t lieries sold at 14'3. A sale also ol . -;rr

of Westport Stockton preference shares at 3/. A call ox 1/ per share was made this week by the directors of the Renown Colliery Co., making the shares 12 paid up. Yesterday afternoon sellers quoted 6/6, and buyers offered 5 . A sale was made of Westport Collieries at 34. G ex div.

Sanford, Ltd., ordinary shares are a shade firmer this week, having been transferred at 22/. Several transactions took plac-e in Guarantee Corporation shares at 8/10, which figure is still offered by buyers. Wilsons Portland Cement had transactions at 34, 6 ex div this week, and are still wanted at sixpenr-e under that figure. British Tobacco shares hold their prices, further sales being made at 54/. Auckland Gas are also very firm, sales occurring this week at 23 G. A line of Goldsbrough Mort shares changed hands at 50/.

Mining shares are not seeing much uusiness. Some good stone-showing seams and dabs of coarse gold were, got from the reef in the Alburnia mine which caused sales to be made from 4 2 to 4/7. Waihi shares had further transactions at 18/9, and Grand Junctions sold at 1 2. Sales were also made of Mount Lyell shares at 27/. Considering that the time for closing the gates of the Kawarau dam must be near, it is singular that shares in the company are now at 2 S. but 5d tinder that figure was the best offer yesterday afternoon.