With Investors on the 'Change

Sun (Auckland), Volume I, Issue 119, 10 August 1927, Page 2

With Investors on the 'Change

QUIET BUSINESS THE WEEK REVIEWED Coals have contributed the healthiest tone to the ’Change during the week. With the exception of banks, most other sections have been quiet and generally idle. Tlikurangi preference shares continue to find favour at 6s 6d.. and frequent sales are recorded, were dealt with in Wellington at 15s. Westports saw sales in Dunedin at 33s 6d. Steady buyers are in for most other coals, but few sales are recorded. Pukemiros saw a sale at £3 Is. Renowns received a further setback during the week, an announcement that the contractors on the track into the mine-head had been compelled to cease operations owing to seasonal and

financial difficulties, driving buyers right off the ’Change. The alarm was apparently quite uncalled for, however, as the trouble concerns the contractors and not the company. As far as finances are concerned, the company has yet over £ 3,000 uncalled capital to draw upon. Auckland Gas are not so popular, and a sale was put through yesterday afternoon at 22s lOd. Interest in banking has suffered a revival over the week, and New Zealands especially have been popular at 58s 6d. Most other banks have seen frequent sales on a slightly easier market. Gilt-edged securities are generally dull and idle. Auckland Harbour 52 per cent, debentures were dealt with at £lOl 10s. Christchurch found buyers for two parcels of Inscribed Stock during the week. Otherwise this section has created little interest, and the tendency of prices is easier. Timbers are mostly idle, but the market is firm. Kauris improved over the week from 23s 9d to 24s yesterday Wellington is the market inquiring. Nationals saw 12s 6d on the Auckland exchange. Miscellaneous shares have attracted little attention. Wilsons Cement are firm on a market in the vicinity of from 34s 3d to 33s 6d. Both Christchurch and Wellington saw a sale at the latter figure. Few other shares in this section have changed hands during the week. Guarantee Corporation shares approaching a dividend continue to command attention at 9s, though little more than one sale was reported over the period under review. Mining contributes little brightness to the ’Change. Waihi and Junction shares continue to find ready buyers on a firm market. Moanataiaris are decidedly weaker, and a sale was put through on Friday at 2s 6d. Other mining shares are generally idle .and depressed, with little inquiry, and a big disparity between buyers’ and sellers’ quotations.