SHARE PRICES.

Star (Christchurch), Volume LXVI, Issue 20537, 12 February 1935, Page 9

SHARE PRICES.

Steady Improvement is Maintained. Share prices have maintained the steady improvement which began during 1933, states the Abstract of Statis tics, the index number for December being 1017 (on the base: average prices in 1926 equals 1000), an increase of 8 points over the November figure. The annual average share price index number was 957, an increase of 36.1 per cent over the 1932 figure—the lowest annual average index recorded during the period covered by these indexes. Group index numbers of share prices for each of the last three years are shown below:

SMILING FARMERS. Pahiatua Ewe Sales Show Good Prices. Per Press Association. PAHIATUA, This Day. Farmers of the Pahiatua district were all smiles yesterday after the annual ewe fair. A heavy yarding of IS,OOO attracted an unusually large bench of buyers. Considering the dry season and the shortage of grass prices were remarkably good. Sheep came forward in splendid quality and condition, a top line of two-tooth ewes realising 31s 9d. Another batch of 245 brought 295. Four-vear ewes realised 23s lOd and five year, 21s 3d. These prices represent an advance of several shillings on recent sales in surrounding districts. General opinion is that it was the best sale in the Wellington province this season. The chief buyers were Manawatu, Taranaki and Wanganui, one lot of 1000 going as far as Te Awamutu.

Share Price Index Number*. (Base—average prices in each group m 1926 equals 1000.) Group. 1932. 1933. 1934. Banks 677 742 779 Insurance 919 1190 1450 Loan and agency 470 545 660 Frozen meat .... 701 835 868 Woollens 778 923 1159 Breweries 602 753 989 Gas 969 1053 1235 Timber 34S 411 547 Minerals 700 753 8S3 Miscellaneous .. 715 SS7 1083 Groups combined 703 822 957