THE WEEK REVIEWED.

Auckland Star, Volume LIX, Issue 267, 10 November 1928, Page 4

THE WEEK REVIEWED.

SHARP RISE IN BREWERIES. WAR LOANS SELLING. BANKS AND INSURANCE FIRM. A sharp rise took place yesterday in shares in New Zealand Breweries. Earlier in the week £2 15/ was paid, but at the third call yesterday sales were made at £2 18/6, with buyers left at that rate and no seller under £3. Waihi shares also advanced during the week. The price was about 14/ before •payment of the dividend, and then dropped to 13/ afterwards. Quite a number of Waihi shares sold during the week at prices ranging from 13/3 up to 13/8. Sales were also made of Ohinemuri Mines at 7/2 and 7/3. Woollen Company shares have had good demand all round this week. Buyers of Mosxiol Wool advanced their price to £7 7/, but no sellers quoted. Wellington Wool are wanted at £6 17/6 for the ordinary issue, and a shilling extra for the preference shares. Good business was done during the week in various Government Loans, in some cases higher prices being paid. Soldiers' Loan 5% per cent 1933 sold at £101 7/6 for the inscribed issue, and £101 5/ for the ordinary. Various 4Vi per cent war loans, free of income tax, sold at £99 10/, and for the loan maturing in 1930, £99 5/ was accepted. Mount Eden Borough 5% per cent debentures changed hands yesterday at £101 15/, and for the 6 percent £102 10/ was offered yesterday at the third call. . . More sales were made this week in shares in banking corporations, which seem popular lines with investors. Bank of New South Wales shares were again placed at £51 15/, and several sales occurred of Union Ijanks at £15 7/. A transaction also took place in Australian Bank of Commerce shares at £1 13/6, and for New Zealand National Banks £7 was paid. Further business was done in New Zealand Bank shares at £3 1/6, and several sales took place of the D. mortgage issue at £1 8/3. Insurance shares are another popular line. New Zealands advanced during the week, sales being made at £2 6/6 to £2 7/6. National Insurance are also firmer, business occurring yesterday at 17/. ■ A number of sales were made of South British Insurance shares at £13/9, and one transaction was threepence above that price. Queensland Insurance shares are now saleable at £3 6/, and occasionally £11 was offered for United Insurance ex div. All eoal shares meet with steady demand, but the only sale this week was in Wcstports at £1 10/4%. Auckland Gas shares had a number of sales at £1 3/ and £1 3/1, and for the contributing issue 17/3 was paid yesterday. Timber shares are still neglected, the only sale this week being in Kauris at 19/2. Notice has been received of a di%'idend oil* of profits of three per cent. Wilsons Cement had numerous sales at £2, and British Tobacco changed hands at £2 4/. Milne and Choree shares were inquired for yesterday at £1 5/3, but no seller quoted. A sale was made of shares in Whittome, Stevensen, Ltd., at £2 5/, and New Zealand Farmers'. Fertiliser changed hands at 17/9. Business was done in Devonport Ferry shares at £1 4/6, and Northern Steam, at 13/10 and 6/10.for the respective issues.. Donaghy*6 Rope and Twine shares were asked for at £1 12/ yesterday afternoon, an advance of one shilling in the buying price.