REVIEW OF THE SHARE MARKET.

Press, Volume LXII, Issue 18603, 30 January 1926, Page 12

REVIEW OF THE SHARE MARKET.

The number of sales reported on tli© various Stock Exchanges during the week shows little variation as compared with the previous week, and the tone of the market is good with strong demand for Government loans, bank, and insurance shares. Four and a half per cent, stock duo 1938 and 1939 was placed at £9C, as against business in the former at £96 os and £96 2s 6d a fortnight ago, and in the latter at £96 7s 6d about six w«ks ago. , turnover of 5_ per cent, post office bonds, duo 1927, at £9°,. no change on that previously reported, and there is further demand at that figure, with declared sellers At £99 Five "and a half soldiers' settlement stock, due 19*, eased 5s from busincss a fortnight ago to £99 this week, while the boucL recovered to £99 15s, which is on a par with highest recorded business this year. New Zealand breweries bonds, which sold last week at 2-js 9d, 2os 7d, 23s 6d, and 25s 9d, were dealt in this week at '2os 6d. . . Bank of Australasia shares had further business at £l4 2s 6d and £l4 3s, as against £l4 3s 6d and £l4 2s 6d; a week ago, and more are wanted at £l4 33. sellers Is higher. Commercial of Australia, which are cum dividend, and the right to one new share for every five held, and which sold a fortnight ago at 32s 6d, are now available at that figure, buyers 9d below. The "rights" were placed at 8s 3d and have improved demand at 8s 6d, with quoted sellers at 10s 2d. English, Scottish, and Australian changed hands at £7 15s as compared with sales last week at £7'l3s and £7 < los 6d.

National of Australasia fully paid remain unaltered with transactions at £l7 13s 6d, but late sellers are offering at £l7 12s 6d, buyers at £l7 9s. The £5 paid had sales at £8 15s 9d and £8 16s, as against £8 15s and £8 15s 9d. National of New Zealand rose slight - lv from sales' a week ago at £6 14s to £6 Lis Cd this w-eek. . Business in New South "Wales at £44 shows 110 change on sales recorded since the opening of the year. New Zealands, which commenced this year with transactions at 565, 56s 3d, and 56s 6d and reached 56s 9d last week, further improved to 575, this week, with late buyers ogering 56s 10d. sellers asking 575. Royals £4 paid were turned over at £7 It', and late buyers quoted £7 'wiihoufc response. Union Banks cum dividend were dealt in at £ls, Is as compared with .'.'l4 IBs and £ls Is 6d last week. Sales ex. the dividend of 7s 6d per share took place at £l4 12s 6d and £l4 13s. Victoria ordinary, cum a dividend of 5 per cent., are wanted at £8 os, which is 1 s below the figure at which business was done last Week, .with sellers at £8 7s 6d.

In the insurance group, Nationals sold at 795, which is 011 a par with highest recorded sales last week, and New Zealands at 38s 6d, cum dividend, as against 38s 6d arid 38s 3d. For the former, recent buyers were quoting 788 yd. sellers-asking 80s, and for the latter 38s 3d and 38s" 9d. South British remain unaltered with 'business.-at 64s 9d and subsequent buyers quoted 54s 6d without response. . Standards, in which last recorded two months ago,' was 18s, hare improved in demand since the beginning pf Yhe year, and were placed this week at 50s, at which figure •more are wanted, but sellers are reticent. Christchurch Building Society shares were dealt in at £ll 12s 6d, with subsequent buyers and sellers 2s 6d 011 cither side. Goldsbrough, Morts, which sold from •17s 6d to 48s 6d' down to 48s a fortnight past, have had several transaction's this week at 47s Cd and 47s 9d. National Mortgage have enquiry at 753 6d, recent sellers asking 775; last week's business was at 76s 3d. N.Z. Loan and Mercantile Ordinary Stock at £92 is on .1 par with highest recorded sales last week. N.Z. and River Plate, for which buyers wer quoting 21s' a week ago, liave since been placed at 225. Huddart-Parker ordinary shares were turned over at 45s 9d and 4(is, as against last week's transactions from' los 3d to 45s 9d. The preference issue has enquiry at 20s 7d. Union Steam preference al; 20s show no variation on last week's recorded sales.

N.Z. Refrigerating fully paid shares, cum dividend of 9d per share, changed hands at 17s 6d, and the 10s paid cuni 4Jd per share at Bs, 8s 2d, 8s 3d, and 8s 4d," as- against sales last week at Ss 3d, 8s 2d, and Bs. - Unsupported sellers of Wellington Meats have reduced their quotations from 32s (id to 30s without attracting a declared buyer. ' Kai&poi Woollens ordinary changed hands at 8s 6d and 9s 7(1 with further sellers at 9s Bd. buyers 5d lower. ■Wcstport Coals remain steady with turnover at 32s and late buyers are offering 32s Id, with sellers at 335. Auckland Gas shares, cum dividend of 4 per cent., remain unaltered at•J3m 3d. , ...

Ohristchurch Gas, cum a final dividend 'of os per share, were placed at .£7 17s, Cd, with further demand at £7 ltSs, sellers at £7 18s 6d. Crown Brewery shares are enquired for alt 18s, no declared sellers. Mannings were dealt in at 43s Bd, ;\s compared with 43s 6d, ,43s Bd, and ■Us last week. New Zealands were turned over at 59s 6d, as against last week at 59s 6d, 59s Bd, and 59s 6d, and more are wanted at that figure, sellers (kl higher. Staples, with business last week at' 40s 6a and 405,. changed hands this week at 40s 3d, 40s. and *4os 3d. Wards are offering at, 77s 6J without attracting a declared buyer. Wilson's Cements advanced from _ 35s Gd liibt week to recorded transactions at 35s Gd, 3os Bd, 35s 9d, and N 365, later buyers offering 36s 4d, sellers asking 375. Kauri Tipibeis with business at 32b 6d and 32s 7d show an improvement on last week's sales at 32s 6d, 32s 3d, and 32s 4d. Amongst the miscellaneous stocks ]iurns, Philps advanced 3d on business last week to turnover at 40s 3d; Colonial Sugars rose sharply to business at £55 10s and £55 12s 6d, that previously recordeS about the beginning of last month being at £53 ss. Dominion Rubbers show a further easing with transactions at 565, as against 575, 57s 3d, and 57a last week. For N.Z. Malays ordinary shares unsupported sellers have reduced their fiuote to 48s, without attracting a declared buyer. Electro. Zinc preference shares cum dividend were placed at 36*-6 d and 37b, as compared with sales last week ranging from 36s to . 37s 3d ani 36s 9d, and the ordinary have enquiry at 85s 6d, the figure at which last business wa3 recorded with sellers 6d awav. N.Z. Guarantee Corporation 8s paid with reported business at 9s lOd show a slight easing. Taranaki Oilfields further eased to business at 13s 3d and 13b pd. Wliitcombe and Tombs were dealt in at 695, an advance of Is 6d on business just before the Christmas holidays. In mining shares Kawaraus were turned over at prices ranging from 6s 6d to 7s 2d; Mt. Lyells at 25s 9d and 265: 3d; Waihis at 23s 6d, and St. B&thans at 6s premium.