SHARE MARKET.

Press, Volume LXVI, Issue 20104, 6 December 1930, Page 14

SHARE MARKET.

WEEKLY REVIEW. The number of transactions recorded on the Affiliated Stock Exchanges during the week showed a further falling off, and prices on the whole were weaker. The markets for shipping and woollen company shares were dull, and no business was recorded in these sections. The following is a comparison of the daily recorded volume of business doue on the local market for the past fortnight:— This Week. Last Week. .€ £ Saturday .. I,UIO 2,1i)7 Monday .. 697 4,072 Tuesday .. 2,575 5,00-1 Wednesday .. 2,692 2,943 Thursday .. 5,004 9G4 Friday .. I,l'lti 1,535 & 15,097 £17,015 The bulk of this week's turnover was in Bank shares, Breweries, Tobaccos, and Lyells. New Zealand Government 4* per cent. Tax Free Stock, due 1938, changed hands at £.98 10s, as against £9B 17s fid and £9B 15s last week, and late unsupported sellers are asking £9B 15s; 5$ per cent. 1941 Stock was weaker at £99 ss; 5$ per cent. 1933 Bonds were firm at £99 17s Cd; 5i per cent. 1936 Stock was taken at £99 2s 6d and £99 7s 6d, as against £99 7s Gel and £99 5s e, week ago, and there are further unsupported sellers at £99 7s 6d. SpringsEllesmere Electric 5A per cent. 1935 changed hands at £9B 10s; Wanganui Borough 5f per cent. 1943 at £99; Lower Hutt 6 per cent. 1944 at £101; Mount Eden Borough 5i per cent. 1964: at £97 10s. Banking Section. In the Banking Section the volume of business done was below the average, and prices of several stocks were heavily written down. Commercial of Australia and New Zealand were tho most active. Australasias dropped from £lO 15s a week ago to dealings at £lO, £9 10s, and £9 15s, closing at £lO. Commercial of Australia ranged from 16s 7d to 15s lid, closing at 16s, compared with 17s 2d to 16s 9d last week; the preference are firm, with buyers a day or two ago at £ 6 6s, sellers at £6 12s. Australian of Commerce are available at 19s, the figure to which they eased last week. E., S., and A. changed hands at £5 and £4 19s, showing a substantial drop on last ■week's prices of £5 8s 9d and £5 6s 6d. National of Australasia -fully paid are easier, with sellers at £ll 10s, buyers at £ll 7s 6d: the £5 paid fell to £5 Bs, £5 6s, and £5 3s, and uioto aTe on offer at £5 6s 6d, buyers at £5 4s. National of New Zealand, cum dividend, which realised £5 10s and £o 10s 6d a week ago, have buyers at £5, sellers at £5 10s. New South Wales, which eased to £3O 10s, cum dividend, at the close of last week, are available at £29 7s 6d, ex dividend of 2i per cent.; buyers at £29, and business was recorded at the buyer's price. New Zealands, cum dividend, ran down from 53s 6d to 52s 3d, as against 56s 9d to 54s 6d last week; Union Banks are offered at £9 7s 6d, recent buyers at £9 2s 6d; last week's dealings ranged from £9 17s 6d to £9 12s. | Insurance and Loan and Agency. j New Zealand Insurance, which ! reached 43s 6d last week and closed at 42s 6d, eased this week to 42s and 41s 9d, and more are available at 42s 2d, buyers at 41s 6d. South British at 55s 9d are Is 3d down on last recorded business. Unsupported sellers of Standards are offering at 50s (business figure last week). Dalgetys realised £7 15s, and late sellers are quoting at that price, buyers at £7 os. Goldsbrough, Morts, following the announcement that an interim dividend would not be paid this month, weakened to dealings at 20s and 19s 9d, and more are on offer at 20s, buyers at 18s. New Zealand Guarantee Corporation shares were fractionally weaker at 7s 2d and 7s. J Frozen Meat, Coal, and Gas. j New Zealand Refrigerating Company fully-paids remained at 8s 9d, and more are wanted at 8s Bd, sellers at 8s lid—an odd lot of the 10s paid was released at 2s sd, the market easing to 2s Id at the close of business. Unsupported sellers of Gears a day or ago were asking 35s —last recorded business a month ago was at 35s 6d. Pukemiro Collieries were firm at 40s. Grey "Valley, cum dividend, which fetched 20s 3d a week ago. have sellerß_ at that price, buyers at 19s. Waipas realised 7s. Westports are available at 28s fid. buyers at 25s 6d. Auckland Gas, fullv-pnids. were fractionally weaker at 23s 3d. and 23s 4d. Christchurch. 10s naid. were easier at 12s—the fullv paid were firm at 25s Id. market closing 25s buyers, 25s 2d sellers. Breweries. Carltons were placed at 245, and late buyers are offering 23s 6d, sellers at 265. New Zealands, cum dividend, were fairly steady at 42s 6d and 43s—ex dividend of Is 3d per ihare, transactions were recorded at oJ s } od ' 41s 9d - 41s 3d ' and 41s Bd. Staples remained unaltered at 40s but closed weaker at 39s sellers. 37s buyers. Tooths, ex dividend, were stronger, with business at 21s and 23s lOd, and further buyers at 24s sellers at 24s 6d. ' Miscellaneous. _ In the miscellaneous investment section, Australian Glass, ex dividend, moved up to 27s Id and 27s 3d market closing 26s 6d buyers, 27s sellers. Beath and Company, Is paid shares, eased to 4s Gd. British Tobaccos ran down from 31s 3d to 29s 9d closing at 30s Id buyers 303 Sd fellers. Burns, Philps were released at 89s 3d. Electrolytic • Zinc jpreference remained at last week's closing figure. 17s 6d—the ordinary, at lis 9d, are Is 9d down on previously recorded turnover. Mount Lyells, cum dividend. fluctuated from 19s 9d to 19s 3d to 20s 7d to 20s Id. as against last week's limits of 19s 6d to 20s Id. New Zealand Farmers' Fertiliser were fractionally firmer at 16s 4d New ZeaI Paper Mills, ex dividend, cbnnged hands at 18s 3d. UobinFon Tee Cream were easier at 22s Od. Tamnnki Oilfields relapsed to 2s and 2s 3d. In gold mining shares. Golden Progress, preference, realised 10° Mahakipawa showed an easi-g with dpfUngs at BJd and 7Jd. Okaritos. which recovered to os 9rl a for+nirht retoAq 3' l - and os 2d. ana lato sellers ar* askinc sr. buyers at 4s. Waihis. at 10-I'and vvt~/t ™ w _ no variation on last week. Winding Creek, 9d nairi RO ] d at jijj gMMim* firm a* Od.