THE SHAREMARKET.

New Zealand Herald, Volume LII, Issue 15822, 20 January 1915, Page 9

THE SHAREMARKET.

DEMAND FOR STOCKS.

CONFIDENCE REGAINED.

INQUIRY FOR INSURANCES

AiTHurcit there have not been a great many daily transactions on the Auckland Stock Exchange since it reopened on January 11, there has been a fairly keen demand for certain stocks, but inquirers have found difficulty in placing transactions. In investment stocks, particularly insurances, sellers have practically refrained from quoting.

When the war broke out, and until the British Navy's superiority on the seas was placed beyond all question, there were some holders of stock who exhibited a. feeling of uneasiness, and disposed of their shares. 'there was a certain amount of excited selling at first. Of course this could be understood as regards insurances, marine risks being high owing to the danger to British shipping which then existed. But now that tho enemy's principal raiding cruisers have been swept off the seas confidence has been regained, and those who hold insurance stocks are satisfied with their security, and are not inclined to sell. The result is that at present insurances are firm.

The market for what are' regarded as gilt-edged shares is very firm just now. Buyers are in evidence, but it is difficult to obtain sellers. The war has had a very depressing effect on industrial sections, and these are not sought for.

Current sellers' quotations for Bank of New Zealand shares, especially fully paid, are firm. Sellers of fully-paid Bank of New Zealands yesterday tusked £16 10s, and buyers offered £15 15s. " It is recognised now,"' said a well-known sharebroker to a Herald represent yesterday, "that the partnership with the State has increased tho value of Bank of New Zealand shares. Its alliance with tho State has strengthened the position of the bank very much."

In the three leading mining stocks firmness prevails at present. Waihis yesterday reached 41s. which is the lushest price these shares have commanded for some lime. Talismans and Waihi Grand Junctions are also showing an upward tendency.