REVIEW OF THE SHARE MARKET.

Press, Volume LX, Issue 18237, 22 November 1924, Page 10

REVIEW OF THE SHARE MARKET.

The number cf sales reported cn the various, Stock Exchanges is a good weekly average, and the business has be6n spread over most classes of Stock Exchange security, although Government loang and bank shares have again attracted the bulk of the recorded business. In Government Loans the 4J per cent, stocks, due in 1938, changed

Hand's at £97 103.and £97 7s 6d, the 1939 at £97 10s, and the bonds due in 1930,. 1938, and 1939 at £97 10s, .which is on a. par with previously recorded transactions. Five per cent. Post Office Stock due in 1929 was placed at £9B and £97 10s, as against business a fortnight ago at £97 15s. Kecorded turnover o£ the 5J per .cent, stock, due 1927-41 at £9S .10s, shows an. easing of ss, as compared with a fortnight ago. Eive.and.a half per cent. Soldiers' . Settlement Loan Stock, due in 1933, was. dealt in at £lOl 10s, as against last week's sales at £lOl 10s and £lOl, and a fortnight ago at £lOl 7s 6d, and more is wanted at £lOl Is 6d,. with quoted ; sellers at £lOl 10a. ... N.Z, Breweries 10 per cent. Debentures,, with reported business at 21s 9d and, 225, shows improvement on -.transactions for the past three weeks at 21a 6d and ,21s 7d. Bank of Australasias wer9 placed this week at £l3 4s and £l3 3a Od, showing an easing on business done a fortnight ago at £l3 on, and late Boilers are offering at' £l3 3s 6d, with -buyers responding at £l3 Is. ' Commercial of Australia ordinary ab '•303" ; 6d ' are slightly easier ' than 1 last week. National of New Zealand changed hands at £6 13s, an advanco of -6d on last recorded turnover a fortnight ago. ■ New South 'Wales we're turned over at £4l and" £4l ss, and more are wanted at £4O los. without a quoted seller.

' New Zealands show, improvement, and Bales have been reported this '' week froni 59a 3d to 60s 3d, as compared with 59s .3d and 59s 6d lost ' Week, with late buyers offering 60s 4d, sellers asking 61b. . '' BoyAl Banks, £4 paid, were' dealt in : at '£6 -13b, with subsequent quoted ' Boilers at £ 6 13s 6d, buyers £ 6 12s, ... and,the. £1 paid shares are sought at .: 335, . sellers at 338 6d, , Union Banks, ex'rights, have en- . quiry at i£l3 14s, but sellers are asking £l3' 17s 6d. In Insurance shares Nationals were , :i: placed'at-70s, ex the recent dividend ; of 2?yper share - , and New Zealands at '! '. The, former have further demandyat: 70a,witb. sellers at 71s, and , tse latter are sought at 29s 6d, but ■V holders 'are reticent. South' British changed hands at 42s 6d, which is on a par with last week's ■ business, and mora " are;-wanted at that figure, but sellers ara- .not quoting, ii .enquiry at 41b, ;i •with selleTa,".ati42s. I;. Goldsbrough, Mort shares, attracted j! considerable attention, this, week, and business; was r.ecorded at 47a and 48s • for the Old Issue, and at .468, 46s 6d, | and 47s for the New Issue. For the

former buyers are offering 47s 9d, sellers 48s 6d, and for tho latter there are declared buyers at 475, with sellerg at ' 475 : 3d. } i ' Sttddart-Parker ■ ordinary shares- ■ •were dealt in-this week at 43s 3d, an Li of; 1b on recorded sales last X Welt.' " I';! . Sellprs./of Canterbury Frozen Meats !(■. are . asking £l4 ss, buyers offering £13.12s 6d. Ne,w, Zealand '.Refrigerating fully* u paids are available at 235, with quoted buyers Is lower, while the partly-paids are .sought at lis lOd, with declared j! 1 seller's at 12s and business during the f week at lis 7d, lis 9d, lis lOd, and lis t lid. .... I 'KaiapoivW'oolleM fully-paid ordinary ;;i-shalres, which were dealt in last week !.n atf,l4sv ; 9d,. on offer, at; 15s; recent j:. declared buyers at 13s 9d. For 'tfie partly-paids imsupported. 1 sellers are asking...7f 4<L. : . ...... ' ;s Westport Goals, cum the dividend, & Changed .hands,at, 3ps, 345. .6d, 34s 9d, j;! showing an easing as compared jl' wJiii 'previously.reported business a fortnight ago, at. 35a 6d. The Stockton .preference issue had recorded turnover at .5s 6d, with subsequent buyers at '% 3d, 'Beliefs Is higher. •In. Brewery shares, 'New Zealands, with business at 3d, show a rise of 3d on last week, and Manning's have .'eased by the amount of the recent .. dividend to recorded transactions at /33$ ;6d,, with, late buyers offering 33 s } 3d, and sellers asking 34s 3d. Crowns have enquiry at 44s 6d without response, and Ward's, with quoted buyers at 50s Gd, were available a day or two ago. .at 525. . : Reported business in "Wilson's. Cement at 30s shows no change on that done about a fortnight ago, and late

buyers are . offering 29b 6d without attracting a declared seller. Kauri Timbers, cum a dividend of 4 per cent., have been dealt in at 30s, as compared with business about the end of October at 30s 6d, and more are wanted at 30s, with declared sellers at 30s 6d. Electrolytic Zinc deferred ordinary shares were placed at 24s and 24s 9d as compared with 24s 3d a fortnight ago, and late sellers arc asking lias with declared buyers at 245. The preference issue, in which the last recorded turnover some weeks ago was at .. 25s 6d, have since climbed Bteadily, and are now in demand at 27s 3d, with" quoted sellerß at 27s lOd. •'New Zealand Drug Company shares, cum rights, changed hands at 645, showing an easing of 5s on business recorded about .three weeks ago, and subsequent buyers wore quoting' 03s, sellers asking 665. ; WJritcombo and Tombs.' shares, which 861(1 last week at 71s, were available at. 70s-9d. a 'day or two ago, with quoted buyers at 70s. : s - Mt: LVell Mining shares, cum a dividend of Is per share, have enquiry at 2is- Gd, without - sellers responding. '. j 'Waihig-have improved'from 25s 3d and 25s last week" to reported transections thiis week at 25s (3d and 265..