SHARE MARKET.

Press, 1 February 1930, Page 14

SHARE MARKET.

WEEKLY REVIEW. The number 01 recorded transactiops on the affiliated exchanges during the past week snows a falling off, srA prices for the mo:,t l-art are on a lower level than th.— ? ruling '.a.si wt--k. Tne | market for insurant, shipping, coal, j and woollen company shares was dull, , and dealings restricted, and on the | Ir.cal market )>ank shares. bre-werie* j Goidsbroughs tobaccos, and Lyt-rls were : in.-.st attractive, and provided the bulK • td" tfu recorded businc". Tli" fallowing is a comparison or the recorded daily turnover on the local mark''- .exclusive or vestibule bu-i-

Tn Government i-sues sellers were m>re in evidence than havers, and no business was recorded. The 4_i per cent, tax free stock, due 1938, 13 available at £9O 20s. buyers at £9B lis ik\. The o.V per cent., 1933, Soldiers Settlement" Loan stock was offered at ■f-99 °s Cd during the week, hut buyers are scarce. The 51 per cent. 1926 bonds have enquirv at £99 —no sellers. Glayo 6i per cent. 1945 debentures changed hands at £9l ; Auckland* Harbour 51 per c°nt.. 1937. at £96. and Christchurch I>rainage 5$ per cent., 1935-73. at £IOO. In the hanking section there was a further writing down of prices: the market was active and a good volume of business was recorded—the \ocai market had a turnover of over £o2UO. Australian of Commerce dropped from 26s 9d at the close of last week to dealings at 24-. and there are further sellers at 23s 7d, buyers at 23s 4d. Australasias were released at £ll 13s and £ll 10s. and late sellers are offering at £ll 10s. buyers at £ll 2s 6d. Commercial of Australia, cum dividend, pased to 22s 9d and 22s 6d, and the "rights - ' to 2s. Is lid. Is 3d. Is Id, Is 3d. and Is 4d. Commercial of Sydnev, ex dividend of 12s 66 a share, were available at £23 a day or two a"v>, no huvers —business last week, cum dividend, was at £23 12s 6dEnglish, Scottish, and Australian de-, dined to £6 10s and £6 9s, market closing £6 10s sellers, £6 7s 6d buyers. National of Australasia are easiersellers of the £5 paid are offering at £7 4s, buyers at £6 18s—the fully paid are in the vicinity of £ls. .Business in National of New Zealand at £6 5s shows a drop of 3s 6d on that done last week, and more are on offer at that price, no buyers. New So-nh Wales fell to dealings at £4O. £39 15s. £39. and £3B Tsl. closing £3B 12s 6d sellers £3B 10' buvers. New Zcalands weakened to 55s 9d, oss Bd, and 555 6d —last week's range was from 58s to _sos 8d —and more were offered at 55s 24, buvers at 54s 6d. Union Banks, cum dividend, remained fairlv steady at £ll 16s and £ll 15s 6d—dealings ex dividend of 6s 3d per share dropped to £ll, £lO 17s 6d. and £lO 19s. Insurance- —All the locally quoted shares in this group show a decided weakening, and recorded business was confined to South British at 59s 6d, i which is 6d below closing figure last week. New Zealands, cum dividend of lid per share, dropped to 42s sellers 41s 6d buvers. Standards were offered at 58s during the week, but no buyers quoted. T'niteds have unsupported sellers at £8 10s. T/oan and Agency, and Shipping— Dalgetys, which fetched £l2 15s and £l2 6s 6d a ago, are now on offer at £ll 17s, buyers at £ll 10s. Goldsbrough, Morts were fairly firm at 30s, 30s 3d, and 29s lid. New Zealand Guarantee Corporation were steady at 8s 6d, but closed weaker with sellers at 8s 2d, buyers at 7s 7d. Buyers of United Building moved up to 15s during the week, but sellers are reticent. Unsupported sellers of Huddart Parkers offered at 38s during the week. Quotations for other shipping company shares indicate an easier market. Frozen Meat, Woollens, Coal, and Cas—Unsupported sellers of Canterbury "Frozen Meat reduced their limits to £<; 15s for the ordinary and £4 9s for the preference.. Ifew Zealand Refrigerating fully paids Were released at JOs Gd—the 10s paid, which went down 4s last week, *re now in demand at in <>d, sellers at 4.s lid. The Woollen market was dull, quotations were few, and no business was recorded. Westport Ccals cased to 29s 6d, market closing 27s buyers, 30s sellers. Auckland Gas fully paid cum dividend, which realised 24s lOd last week, are quoted 34s ICd sellers, recent buyers at 24s Bd~the partly paid remained unaltered at 13s od. Christehurrch, cum dividend of 4 per cent, payable February 4th, sold at 26s 9d, and more are wanted at that figure, sellers at 27s—the 10s paid are available at 13s Id, buyers 2d below. Breweries—Brewery interests suffered a relapse. New Zealands, which sold at 88s 2d, 88s, and 87s 3d a week ago. fell from 85s to 79s this week, market closing 80s 6d sellers, 76s 6d buyers. Staydes weakened from 55s 6d to 55s 3d, and more are on offer at 545, recent buyers at 525. Carltons are easier with sellers at 38s 9d, buyers at 37s 3d. Tooths had dealings at 40s 3d, as against 40s 6d and 40s last week, but closed weaker at 39s 6d sellers, no buyers. For Timarus unsupported sellers are asking 16s for the fully paid and 8s 6d for the 5s paid. In the Miscellaneous Investment section British Tobaccos and Mount Lyells proVed the most popular stocks. British Tobaccos fell from 44s 3d last week to dealings at prices ranging from to 39s 7d, recovering to 40s 3d buyers, 40s Cd sellers. Sellers of Broken Hill Proprietary and Burns Philp reduced their limits to 23s 6d and 36« fld respective' ly, without attracting buyers. Punlop Rubbers, which ranged from 21s JJd to -21s 6d a week ago, are now offered at 20s sd, buyers at 20s. Electrolytic Zipo preference, cum dividend, eased Is 3d to business at 30s 9d, and closed weaker at 29s 9d sellers, 28s 9d buyers. Hill and Plummer remained at 21s 6d. Howard Smiths weakened to 19s sellers, no buyers, and Henry Jones to 28s sellers, 26s buyers. Mount Lyells, on an active market (local turnover £4490), fell fr*>m 35s 3d to 33s 2d, but later jumped to 345, 355, 35s 6d, 35s 7d, relapsing to 34s 3d and 34s—dealings last. week went from 37s 2d to 355. Wilsons Cements eased tc 40s, and closed weaker at 38s 9d sellers, 35s buyers. The market for Goldmining stocks was quiet and dealings restricted. Waihis were fractionally weaker with transactions at 13s Cd. Moanataiari fully paid were released at 2s 2d and the Is 6d paid at Is 6d. Winding Creek are weaker with sellers of the Is paid at Is 3d and of the 6d paid at lid, buyers at 9d and 7d respectively. Stoney Creek show little movement with buyers at Sd, sellers at 9d. YESTERDAY'S TRANSACTIONS. There was a moderate turnover on nail, /enenlay, the outstanding feature being the activity in Christchurch G«s shares. Prices ok the whole j

showed an easing tendency. Transactions exclusive or vestibule business included:— £3OO Christchurch Drainage Board oi per cent., 1938-73. 200 Commercial Bank of Australia c'cjni dividend). 435 Commercial Bank oi Australia •"right*. " 42 K.. S.. and A. Bank. '■', Bank of New South Wales. •V> Bank of New Zealand. .V/> Goldshrnugli Mori. 100 N.Z. Refrigerating (£1 paid). 775 Christehurc-h Gas (cum div.). 300 Mt. Lyell. C'liristchurcli Drainage Board oi per -fiit. 1933-73 debentures were released at par. Comrr.er-'-ial Bank of Australia sh-ires ;>asc<i to 22= 3d. closing quota- j tious 22s 2d sellers. 22s buyers—trie "rights"' were firm with dealings at Is j 3d and Is 4tl. and there were further j buyer.- at Is 3d, sellers at Is od. F.ng- i I:sh, Scottish, and Australian Bank j shares dropped to £0 9s, and more werp offered at £0 10s. buvers at £G "s Od. Ban!; of New South Wales shares showed a further rasing with busines- at £3B 15 = . and further seller- at £3B 12" 6YI. buyer- at £3° !<*=. B.ink of New Zealand shares remained at 55s 6d. but closed weaker with 1 sellers at o-~< 2d. buyers at 54s 6d. New Zealand Insurance shares, cum dividend, dropped to 42s sellers, 41s 6d buyers. Goldsbrough, Morts appeared weaker, with dealings at 30s 3d and 29s lid. seller-; stayins in at 30s. buyers at 20s lOd New Zealand Refrigerating Company fully paid shares were firm with buyers and business at 10- 6d. sellers at lis. Christ.huroh Gas shares cum dividend had dealings at 2Gs Od. buyers staying in at that price, sellers at 275. Tooths Brewery sharps were weaker with unsupported sellers at 30s Gd. Mt. Lvel(= relansed to dealings at 34s 3d and 345, and more were offered at 345, buvers at 33s 9d. Sellers of New Zealand Drug Company shares entered the list nt 73s Od. no buyers offering. Sellers of New Zealand Farmers' Coop "A'' Preference shares reduced + h«;ir limits to 52s 6d. without attracting buvers. New Zealand Farmers' Fertiliser shares were weaker, wi*h w'lpr. Nt 21s lOd. buvers at 20s 7d.

AUCKLAND REVIEW. TTHE PEESS Special Service! AUCKLAND, January 31. Quiet and easy conditions persisted on the Stock Exchange during the week. A fair volume of business was transacted, with an increase to wider proportions to-day. The bulk of turnover was done in banks, which were weaker, but lower levels ruled generally. No improvement was registered in giltedged investments, and selling pressure was evidenced locally to-day, when three parcels of war loans and inscribed stock changed hands at levels from 7s 6d to los lower. In banks the declines were widespread. Australian Bank of Commerce, which had sale last week at 26s 10d, were done in Auckland on Thursday at 23s lid. Commercials of Australia receded from 23s 6d to 22a 6d, while rights in the new issue fell down to Is Id. To-day's sales registered a slight recovery to la 3d, at which price the market was firm. Further ground was lost by New South Wales, which were extensively dealt in down to £3B 10s, a fall of £2 2s 6d since last FriI day. New Zealands also suffered in the i general weakness of Australian banks, and were Is easier at the end of the period. The dividend on Unions of Australia was paid during the week, and values were readjusted accordingly. Little enquiry was made for insurance shares. Strength was lacking in both loan and agency and coal groups. Goldsbrough, Morts were steadier at 30s. In gas Aueklands eased from 24s lOd to 24s 6d. Breweries also received less favourable support, New Zealands reaeted to the prevailing weakness of the market. Staples remained in favour and were steady in the vicinity of 55s 4d. General investments were'for the most part neglected, and the volume of business was small. In mining interest wap maintained in Moanataiaria, and fully paid changed hands several times at 2s 3d and 2s 2d. Steady support was also accorded the contributing issues. Mount Lyells were the only other shares in which active business was done. Prices ranged from 34s 8d to 3ss 7d, but the market closed to-day a shade weaker.

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