REVIEW OF THE SHARE MARKET.

Press, Volume LXII, Issue 18674, 24 April 1926, Page 12

REVIEW OF THE SHARE MARKET.

Throughout the week the Share Market ha* been active, the number of sales recorded on the various Stock Exchanges is a good weekly _ average, there is a strong enquiry for the better class of Stock Exchange investment, and prices for most stocks show no easing. . . , , _ Four and a half per cent, stock, due 1938, changed hands at £96 7s 6d,and the booda in the same loan a 6 £96 os, £96 7s 6d, and £96 10s. with further buyers of both at £96 10s, no declared sellers. Five per cent Post Office bonds, duo 1927, are sought at £9B os. an advance of 5s on the figure at which business was done last week, but holders are reticent. Five and a half per cent. Soldiers Settlement Loan Stock, due 1933, was placed at £99 los, and the bonds have enquiry at that figure without response. New Zealand Breweries 10 per cent, debentures were turned ewer at 26s 3d nnd 26s Id, as against last week's transactions at 265, 2Gs Id, and 26s lid-. There has been considerable activity in banking shares, and movements on the whole havo been in favour of holders. Australasias advanced to turnover at £l4 Is and £l4 2s Gd, but later receded to last week's figure £l4, and sellers are now asking £l4 Is, buyers 2s lower. Australian Bank of Commerce, which sold at 32s Gd a week ago, are available at 32s Bd, buyers 4d lower. Commercial of Australia rose 2d to business at 30s 9d and 90b lOd, with late buyers quoting 30s Bd, sellers asking 31s. English, Scottish, and Australian, cum dividend, had several transactions at £7 16s 3d and £7 l-5s 9d, with further buyers at £7 16a 6d, no declared sellers. National of Australasia shares, £5 paid, further improved to turnover at £9 subsequent buyers offering £8 19s, seller* responding at £9 Is. The fully paid# Bare improved demand at £lB, sellers 4s away. j National of New Zoaland remain unaltered at. £6.155. New Sontb "Wales rose to £44 10s, £44 12s 6d, and £45, and more are wanted at £l4 12s 6d," declared sellers at. £45. I Several parcels of New Zealands ' were dealt in at 60s 6d as against 60s to 00* 6d last weekj and recent holders were quoting 60s 6d, buyers Id lower. Union Banks were placed at £lci Is, showing no variation on highest re- ' corded salea last woek, and late buyers are offering £ls, sellers asking £lfl Is. Victoria ordinary, which had business at £8 2s last week, now have : demand.at £8 6s, sellers Is higher. Wei tern Australian, cum dividend of 83 per cent., improved 6d to o6s 6d, at which figure buyers nro quoting without response. In Insurance shares Nationals have demand at 79s 3d, whiah is 3d above last' recorded business, sellers at 81s. New Zealands changed , hands at 395. 38s 9d, 38s 6d, and 38s 9d, as compared with Gd, 398, and '39s 3d last week. South British.at 58s, show, a rise of 9d on business recorded before Easter, and'buyers of Standards have, advanced their offer to 52s without response. Goldsbrough Mort shares were -placed at 48s 3d, 48s fid, and 48s 6d, showing* slight improvement on. last week's sales from 48s to 48s. 3d.. Unsupported holders of National Mortgago are asking 80s, last week's business was at 755. New Zealand Loan arid Mercantile ordinary stock, which sold up to £95 laft week, had further demand at that figure during the week, fellers asking £97. . _ r'

Howacd Smiths were dealb in at 32s fid, , with further sellers at that figure, buyers 3d aw»y; Huddart* Parkers at 44s 3d show an easing on ' last week's transactions at 45s and 44a. 6c|, andlate buyers are quoting 44s ftu, sellers asking 455.. P. and o.,.deferred stock, which sold at £232 last freek, now has enquiry at £233, recent .holders at £238. . New' Zealand Refrigerating, partly paid* at 8s 2d. dhow, no variation on sales recorded lasft, week, and more are available at 8s 3d, buyers Id lower. The fully'paid are on offer at 17s 9d buyers 6d away. K&iapoi Woollens have improved to demand at lis lOd, sellers 12s4d, as compared with closing quotes last week, buyers IDs 9d, sellers'lis Bd, and last recorded : business at 10s €d. Taupiri Coals ordinary remain unaltered with business at I7s9d, and the preference were dealt in at 24s Sd. Westporta were placed'at 3os 6d audi 35s 9d, showing little • variation on prices obtained. a fortnight ago, and) more are' wanted at 365, sellers 6d higher. Auckland Gas continue to show improvement, sales being effected at 28s, which is' 8d better than the highest recorded last week. The contributing issue at ,8s 5d mark an advance of 2d on'last treek. Christchurch Gas shares sold at 245, 23s lOd, ' 23s 9d, and 23s lOd, as against 23a 6d and 23a 9d last, week, and-subsequent sellers are asking 24s Id, buyers 4d below. Crown Brewery shares had business at 20s. 3d, which is on a par with that last reported, but later buyers offered 20s Od without attracting a declared seller. ' Mannings, cum dividend, of Is 6d per share, changed hands at 41s, 6d, an easing of lOd on last week, and more are on offer at 41s 6d, recent buyers Is fid lower. ' New Zealands were placed at 5Ss, as compared with 59s 6d, 595, and 58s 6d, a week ago, > and late buyers are-offer-ing 57s 4d, but holders want 58s 6d. Staples at 40s show an easing of 6d on last week, and subsequent buyers offered 88s, with sellers quoting 40s. .Wards have enquiry at 40s, holders asking Is 9d more. . \yilsons Cements from the commencement of < business, a fortnight ago have shown a steady decline, sales last week being at 36s 4}d, 365, and dos lOd, and -tills week at'3ss 6d, 3os 3d, and 3os. Enquiry is now at 34s 3d, sellers quoting at 35s 6d. Kauri, remain unchanged, with business at, 33s 6d, and more are sought at 33s 4d, sellers 4d higher. Amongst the miscellaneous items, B.A.W.R.A. shares, which have not been dealt in. for some time, changed hands at 12s (3d and lis 9d. Beath and Co.'s shares were placed at 31s 3d, with further enquiry at that figure, sellers 3d higher. British Tobaccos were dealt in at 47s 3d, an casing of 3d on previous recorded turnover. Electro Zinc preference shares at 3os Odi are 3d' easier than about three weeks ago. Henry Jones Co.-op sold at 4& 9d and 475, us compared with 46s 3d,' 47a, and 47s 3d last week. Mason Stcuthers £1 paid w «rc released at. 21s 9d. New Zealand Farmers' Co-op. 6k per pent, stock due 1930 was turned over at £B6. Guarantee Corporation shares sold at 9s, 10d. Perdriau rubber, new shares, 5s paid, had business at 10s lOd. Taranaki Oilfields welre turned over at 12s and as against 12s, 12s 3d, and 12s 6d last week. Kawarau goldmining shares sold at prices ranging from 6s ud toßs, down to oslQd and 7s 3d, as against 6s to 6s 5d . last week. Mt; Lyells eased 3d to..busi- , ' j tewa.at;3os, and Grand. Junctions dufettt? Hands, 'at • '.St. • Bntharis, B ji 'fiwn 4s r premium to Is ■l' recOTering to par a week ■ 6d, iand. Is: pres tWH I4 lateE fell to par.