A DULL WEEK

Evening Post, Volume CIX, Issue 26, 31 January 1930, Page 12

A DULL WEEK

STOCKS AM) SHARES

BUSINESS REVIEWED

Kvnuiug Post," 31st January,

Busiuess has not been very brisk on the sharemarket during the past week. There has bren little demand for Government stock, buyers generally declining to meet sellers. A To sales took place during Iho'week', aud the only demand was for iVa per cent. Bonds, 1933,.f0r which £99 . was offered. Hellers were willma to unload -Hi per cent. Inscribed btock, lUob, at £100, 5«. pet cent. Inscribed htock, 1941 at £03. 5% per cent. Inscribed Stock, 1933* at £98 os, mid 4'/i per cent. Bonds, I'JSS at £99 15s, but there were no oilers at these quotations. Rural Advances o per cents., 1947, were offered at ±93 10s. There was no demand locally for local body stock, but a aalo took place of Auckland Harbour Board 5% per cents., 1937, There were sellers of Gisborne Sheepfarmers debentures at £96 10s, but there were no buyers at that figure. Wellington Kaeiu" Club debentures were sought at ■»■ 106 10s, but holders were not tempted Golden Boy Cement A debentures were for sale at 17s Gil, but buyers were unlv nfferins 14s 10J. BANKS, INSURANCE, FINANCE. "Hrisk business took place in bank shares, and a number 'ot parcels changed hands during, the week. Sales of shares notified during the week were as follow:— Union Bank of Australasia, £U 10s, . £11 12s (id, £11 15s (id, £11 16s. Commercial Bank of Australia (cum div), £1 2s, £1 2s 9d, £1 3s Od, £1 3s 3d. National Bank of New Zealand, £6 6s. Bank of New Zealand, £2 15s Bd, £2 15s Od. Bank of New South Wales, £39, £39 17s 6d, £40, £40 12s 6d. English, Scottish, and Australian Bank, £6 16s, £0 17s 6d. There was little business in insurance shares, and the only sale of the week was ' a parcel of South British, -which changed hands at £3. Nationals were on offer at los, and New Zealands at £2 3s, but buy--1 ers were not quoting. . Stock-and station and'financial shares were uot in very keen demand, and sales which took place during the week were: New Zealand Guarantee Corporation lord.), Ss 6d; Goldsbrough Mort, £1 10s; and Dominion 'Investment and Banking, £1 0s 3d. Abraham and Williams (ord.) ■were to be had at £'4 10s, but buyers were silent. Wellington Deposit and Mortgage were sought after at 9s 9d, but there were no sellers at that figure. COAL, GAS, AND MEAT. Coal shares were vety (]uivt,'aiid no sales took place. AVaipa were quoted by sellers at las, but buyers were not in the market. ■Westport-Stoektou. (ord.) and Westport.Stockton. (pref.) were to be had at 3s 2d and 4s 2d respectively, but again buyers wwere silent. There were sales of Auckland Gas at £1 4s lOd, and Auckland Gas (contributing) at ISs od, but otherwise the market was dull. There, were seekers of Christchureh Gas at £1 (is Od (cum. dn'.j, but holders did not quote. •Meat shares were also quiet, and the only sale was of New Zealand Refrigerating (£1 paid) at 10s 9d. Gear, Meat Company were on offer at £2 Is 3d, £2 Is, and £2 0s Od, but there very no buyers. Wellington Meiit Export (ord.) were sought at Ss Cd, but holders were riot interested. MISCELLANEOUS. j There was some busincs in brewery shares, and sales which, took place during tbe week were: New Zealand Breweries, £4 Is, £4 4s 9d, and £4 ss; Staples. ■ £2 los 3d and £2 15s 4d: and Tooths, £2, £2 0s 3d, and £2 0a (id. Crown were sought at 10s, but there were no sellers. Shipping shares attracted little- attention,, and there were no sales. Huddart, Parker (ord.) were offered at £2, and P. and O. deferred stock at £2 15s, £2 14s, £2 13s, and £2 10s, but buyers remained silent. Union Steam (pref.) .were sought at £1. . .... : Woollen and ■ timber shares were quiet throughout the week. In the other sections sales took place as follow: British Tobacco, £2 2s; Wilson's Cement, £2; IJlectrolytic Zinc, £1 10s 9d.