REVIEW OF THE SHARE MARKET.

Press, Volume LVIII, Issue 17419, 1 April 1922, Page 7

REVIEW OF THE SHARE MARKET.

tfrf ioan tas teea easier .** n a st week, but Soldiers' tkseot L° aa llas fi rme( *- has been reported business in ■ rent. Loan due in 1038 and 11)39 igg' c nd £9O 12s 6d, witn fur'»l *T -gjg at £9O 10s an d sellers at .'ffiTi compared with sellers at '#? AJ'-nd no aeclared buyers at the of I# B4 ffeek ' + t f°iz 5 a p® r T 4 - n 1 „ fhaniiea hands at £94 15s, l9 fi7. 6d and iS)5 ' with further bu J£94 % and &ellera at £95 ss, as tti « f ' th business last week at cflopwea w> tn Australasia shares which sold ' B,in i£ iiU 18s fld, and during the 3s, cum the diviP re9 fH £ fid per share payable yesterbeen quoted at £ll 17s b ffidend, with no declared sellers. W-itf Btok shares are slightly at 16a > wii\furesßief' ui« Kt £5 17s, as against busiat £5 i7s6d. m "fVvew Zealand shares have refcilf finn with reported busiat 48b 9d with sell. 3d- During w « ek en buonesa at prices ranging tWW "X oj bt* Usfc week Union Bank Jjands at £ll 19s 6d and further buyers were £H,W e «V ?S g w j t h sellere aßking been repOxted at 4®' imji« £l3 8s 6d, and £l2 4s, tyJSL&i t Wer ß have offered £l§ asking £l2 6s. %% 2e time of writing tte ody tJ&m in Insuranoe shares officially « ; s „,Ln South British Insur- % this price showing no SSJm. m pran °'" fttm Wers were offerina 41s kAHfodtort Pwlcer w4inOT sliarea the Scent dividend, with sellers ask--43* 6d THqre has sance been busilin? lad further buyers are rt/o. Deferred has chsng■tA htndA at £BOO, and subsequent buyiffif oM :km, without attractfa# declared sellers. , ti f Hefrißeratins contributing Aett b#re been mM at 13s fid and l3s with farther buyers at the latter &K>dSr. at 13s 7d. No busiiSkm been officially reported daring in tiift fully paid shares of : ggtefy ifO offering 31s for Gear Meat ?ils3fcWflo b«»ineflß ha# been reportGas Company share# jjjyygi hftiads ftt fiC 8s 6d ftfl coin■mit trtlfi previonsly reported business Itfi® 7# 6d, and further sellers are ofit £9 10s. > and Co, Bharea are now ex a iffirifotid of Is per share, and we wantid b? buyers at 84s 6d without sellersfinyere offered 58s for Whit* igtabe audi Tombs shares, 'and sellers hsv» quoted at 60», but no sales have liecn reported during the week. Daring U»t week there was report, ad business in "SVnibi Gold Mining ebarei at 16s 3d, 19s 3d and 20s, ana SaW bare g/tire been reported at SOa Wailii Grand Jvnotions hwe sold at (i#aftd Mt. Lye)/s at 14s and 14b 6d.

||y#*oCWWßß. . TBpcrt fair business jIMBHKIMr. Retailers are not, however, iHHIWt <» 6 *•» lin« where - muM to MJtieipftted. ~ : :igHnp|.iak«B a very ahorp rue. due taiMWfljpi' tir Hill prioes in the United -rJMrafett *Bdw»t«id that hea*y buying ; jwNKjita tunned the prune# market to : Irawfef&w °t writfM there in so word 'vHHPJw will o* on June Ist on ilHHjpwtoig powder. Information a* »iwrtion i» eajerty awtited . iaßiiiSSaw are rot for bifcnittr Much the reductions In price* :;hM«R«, but the new price lists .VgWdNtaotmiii only refer to a very - : i|aßfev«nJ i» the grout' inajority vi SBiMw. ia no fail in prices aotwtthlower wste rulwg for aft - k'W w ® looaily whole WmM&'tt&uk appliesto nig THHf ctesfare almost unprocurable jj&fijnlMftMi for plug tobacco," replied k wiang the week to one of his we are clwned rig'ot |H!Rjj&pMiurtM mad* show that it is uaprocure wholesale even a, few jBHJSRgPft? of the five chief selling lines. -*6 every day occurrence voir iKHJaßfJf'^ l to receive requests for plug MHBPW? statina "any sort will do." jHMpßWfWa'io fcbe Dominion are wry Bgjp statement is based both on in* the largeet tea importers and on tbp statistics of imwith the known New Zealand A section of retailers, j HHignW happen themselves to held more HH&lgft titty sm quit in their own i *N iswlined to be sceptical about i UgJutwaj ©f New Zealand; stocks., from Colombo state that the is vary firm for all vedetU* of quality. The ordinary grade tea now being sold Will show a substantial tea shipments arrive. HR it prices must come in the near HKvAt present it pays to buy local «nT eold at several pence coda, 99 per cent, in lib HKnV Mrt wwL This line shows price, mi with the high cost to England reductions are not ""P* considerable tune MHyagwris, feowewr, on the market a. fair caustic coda, wJwh is ■HB?P *• * very low price. Menu* BBSBE r" My* twted and used Amerioan that it is fully 35 per than the British made BL'? prefer to pay s higher entuh production, as it is HlbKs^TT u ®' Mt * cheapo to general BHE?IiL!i 0B - bring about a further HHBSS& ga ?»y ui kerceene and petrol. in the prico of S# polio HBHwjMa due from Auckland with sugar week. j*** Bl * oonfeotionery muvufacJHHMPfaintS 3> **» report in these * waawm*Zrl ;{W iwger confection' lIWBES,'?? Wling bailed sweets at small manufacturer, not the case, end that ! ■WbSMsSJ?'™ f consequence of lower To w sat the statement ■WSK being sold at cost' , that the North Wand JMBms «e not seeking for business pmoy i.e,. W lb for vWw>>wat ua f<w ton lots iHijRi,T7 y** been refused by the HKatinr?'i*f° state that their nUHBRWoL y ar ° a& t supply.jMHKt W UTr?"*. paying agents' would ohow /■* - haidware trade re- ) ®J?rted, Enquiries from nHßHrawitL* ° M me weM " w»e local trade, iiave quantity, iariilßilil^ 1 11 111 The trade, ■WlMWnibi y" l ® practically on

•W? -1 I® 8 ? 0 ?- A fai? Entity of goods ruftftj but bls purchase, .re not the The bar iron trado lias shown an appreciate improvement, even at the present prices, ( further activity j s likely aa a it.ill I dlop m P nco3 > which is praolitevu r i mt> V' t] r '» near fat " rc - Stocks lately 1.1 iisiui ajid to 'ollow are ehowinz an rnsVov> e M V ?»" thr ; Kn S 1;?h market, and shortly rofl t° . ' nt the local must ■TO. reflect this movement. Ihe same comment applies to bar and conTV™' • ' H P eo j a "y rolled steel joists. rnlhlZ* 13 A V ° 17 J d - ma ' ld f°r fencing " on h™/ eteck ot '«*««* wiro completely sold <wt. «"» »»««*«»• have Stocilcs of standard- bare are but a »e" ar - tiCiPßkd £» bT-Odin^Ve^U^ are in more aefnnnd. are iron, Orb ■th ,PP r *° n ' wire naila, £33 per ton lish nf !", 3 , b = cn v fry keen demand for English ploughshares during the week. Several B i 3 considered themselves overstocked have completely sold out, and arc now' awaking fresh shipments. It is expectS^VS.' 10 * 1 " "»» • *hSs£l ?s ? s ,?ra stocks in the near future wll'.hw XSV&Sr ****** ill **£ ihe retail tiade maintains a aatiafaotory ,0 - yi » the « a Wr dl mand for household and otlier goods. Commenting cn. the position of the metals ?h« r/lw ar ° t f oda in the Ur >itod Kingdom, the February iseno of the Britioh "Trade knTdLtW a f tM v"T ( lu tha Mitfapd* end Clove'a, . districts better conditions prevail, cnquir.es for pip iron being mOT e numr°ss. Although Belgian manufacturers ore still offer-lTlS-a -®JP joista, tho reduction in the prion ft,- 3 .""™ 1 material m»kos their offers insufficiently attractive. British trade is helped, too, by the fact th»t no Continental {?'* t ?° n Vfl prompt delivery. Middlesbrough ironmasters report mora enquiry from •brood, and find the outlook On foreign m> ccmnt distinctly brighter 'On tb« other hand, Iron and steel producers in Scotland ana Sonth Wales ore disappointed with the state of their order books. In feoth areas they foe] tost the cut in railway rates is inadequate, A good point ia the decline in tho quantity of Continental m&tsrlP-l comin/? into the West of Scotland are*. The Welsh tinplate work* are operating et about 60 pirr cent, of thai* total capacity, but Toauiro more large-wale business. The Sheffield district shows signs of a revival in MfVerp,l branches of export ttude. Electrical gao4m we' in better demand for India, genml hardware for South Africa, ana gas, utoam, water, and electrical flttinps for Australia, In South America, and the West Indies etoekfl still hinder new business, although in tha former edge tool makers aro finding lbuyew. In p4vantage ha* been takftn cf the holiday# to refit before starting wojfc atfnin, and, despite German competition, particularly in cutlory, & more hopeful fselisj?

NOTES FROM WELLINGTON. (BPBOWJj 10 "THU *MS3S.") WELLINGTON, MarohSl. Approximately 14,400 bales fire to offered at the Wellington wool sale to be held on Wednesday. This is a very much larger quantity than is '■usually offered at the clean-up sale of th*> season, and as there will be a fair quantity of good wool, it is asssumed that thpse wJiq held back their clips in the hope of prices advancing now find it convenient to market their wool. Big efforts are being made to bring down the cost of budding residences. The master builders recently made a cut in the wages, bringing the latter rwarer to the award rates. The saw* millers have made reductions in timber prices, and the timber merchant? are about to nsake corresponding reductions. The brickmakora announce a reduction of IDs per thousand, the price now being £4 10#. less & per cent.; The plumbers and painters and paperhangers must also reduce their prices before tßere can be, anything like activity in the building trade. Business has beon very dull in tha share market, and brokers do not anticipate much activity until after the faster holidays.

PRICE OF TIMBER.

y. " P * \ BSmrOTION A3WOXWCBP. (mm MSOOUTIOM TSXJIOBM!.) WELLINGTON, Maxr:h 31Aocording to Mr A. Se«4, secretary of the Sawiaillers' Federation of Now Zealand, it was decided At a meeting of sawmiUeWi held at Ohabian©, to reduce the prices of building heart, rough heart, ordinary building, scantlijjga, and «econd-clnaß scantlings by 2s per XOO feet. The accumulation of dry timber ' would assist building during the winter. All the reductions would apply to delivery to ail places on the railway Una between Auckland, Wei. lington, New Plymouth, and Napier. Fencing battens had also been reduced by 5a and 4s fid, "There has been much talk regarding a timber famine in the iiear future," laid Mr Seed. "Many people have scoffed at such a thing, but aa a result of my visit I am firmly convinood that most aocessioje timber will have been exhausted in a very few years. As a result, the gawmillers will be forced to seek their supplies in sparsely-timbered rough country, which means greatly increased costs of working. As a consequence, it will be futile to expect timber prices to remain at even their present level."

MOUSE PLAGUE. N.S.W. WHEAT FAJ&MEBS alasmed. (TSOK OVU OWN COJMtWPOWEJJT.) SYDNEY, March W. jteporta from the wheat areas show that mice are increasing at a rapid rata, and thafr fcnnm «» alarmed. They know what tba degradations of the mice cost them last time, and they have ©very reason to. fear another plague. _ A moseage from Quinndi, oEe orinffipal wbeafc centres, to the Sydney Morning Herald" states that the mfce plaguo nas assumed alarming proportions. In one homestead, it w Bt ® ted » between 60,000 and 70,000 mice have been killed during the pact few weeks, and catches are recorded m as 6 000 oer night; while at tho railway oamo on the Werris Creek-Diibbo line 30 000 were caught in one night. In ITcZ, at.leW the pesjwftjg bad aa to drive a family from to?«r died, tM taTM" t™. S great difficulty. m sowing their eeea W Kenorts from other parts of the s ff£ indicate that the plngu© * becoming serious.