REVIEW OF THE SHARE MARKET.

Press, Volume LXI, Issue 18413, 20 June 1925, Page 12

REVIEW OF THE SHARE MARKET.

The number of sales reported on tho various Exchanges showa a fclight decreaso on last weeJc, but there is good demand for most stook.3 and the market, continues fairly active, especially in tho shares of Banks and Insurance

- Companies. Four and a half per cent. Stock duo 1938, changed bands at £97 and £9O - los, as against £9O 15s last week. The Bonds duo 1933, in which last ' week's sales wero at £9O 17s 6d and • £96 los, had recent demand at £96 123 fid, without response. The Bonds duo 1939 remain unaltered, with recorded turnover at £9G los. Xo business has been reported in o per cent. Post Office Loan duo in 1927 • lor tho past fortnight. Five and a half per cent. Soldiers' Settlement I»au Stock duo 1933 improved from business last week at . £lOl, to transactions this week at £lOl ■ 10s and £lOl 7» 0.1, and thero arc ' further unsupported sellers at £lOl 10s. Tho Bonds wero recently sought at £lOl ss, but holders wero rottcent. Xcw Zealand Breweries Debentures wero turned over at 21s lid and 225, showing practically no chango on business last week at 225. Bank of Australasia shares which changed hands last week at £l4 5s 6d and £l4 12s, have demand at £l4 10s, with declared sellers at £l4 13s. Commercial of Australia ordinary shares advanced from business a week ago at 30s 3d, to sales at 31s and 31s 3d, with further domand at 30s 9d, sellers at 31s Gd. The preference issue improved. Is Gd to turnover at £6 13s. fid, and lato buyers aro offering £6 13s, without sellers responding. Commercial of Sydney shares wero ' placed at £24 12s 6d, with further unsupported sellers asking £24 13s 6d. National Bank of Australasia shares aro • firmer and tho fully paids with turnover last week at £l6 ss, have dc- ; mand at £IG 9s, sellers at £l6 13s. The £5 paid, for which .buyers offeree! £8 *.' Is 6d a wcok ago, ar> now sought at '.- £8 2s 6d,.sellers 2s 6d higher. National Bank of X.Y.. "rights" ;.'' wero turned over at . prices ranging from 25s 10' d to 275, as against last week's transactions from 25s 3d, to ; 265. and lato sellers want 275, buyers .6d lower.' New South "Wales shares which were- „ placed at £4l 7s '6d last week, ,havo .'. further-enquiry at. that figure, quoted '..sellers at £4l 12s 6d. Reported bneinoss in New Zealands "Old Issue" at 57s Gd, shows no '.. chango. on thai dono last week—tho ~ "New Issue" was placed at 063 and ,'" 56s 3d'as. compared with, 565. lOd and .. 56s 3d last week. ', Union Banks improved slightly to .'.sales this week, at £l4 15s, and. £l4 W.iys Gd, with lato holders asking £l4 lte, buyers Is lower. ~ Bank of Victorias which changed '■ hands a fortnight ago at £7 ss, are 1 now in domand at £7 7s, declared sellers at £7 12s, 6d. . National- Insurances advanced from f sale 3 last week at 70/j Gd, 70s 9d and •71s, to transactions at Vis'3d/and 71s 6d this week, and the market closed with buyers offering 71s; no sellers responding. .": New Zealands are .slightly, easier, ;.'.' transactions this week being at 345. 5d rind 34s 3d, as compared, with 34s 6d : last week. ,:.', South British at 50s 6d, show littlo .variation on last week's sales at 50s, . : 50s Od.'oOs 3d and 50s 6d. I''...'-. Standards, which were .dealt in a ;j fortnight ago at ,4.45, had demand a ' HI : day or two ago at 43s (3d,, without .„-response, ■ ■■•.■.■-■,' ~',' . Goldsbrough, Morts remain unaltcr-. cd with-transactions,-at 47s Gd, but lato \ sellers arc offering at 475, with buyers responding at 46s 3d... ~ .. For National iMortgCi(r.c shares, which. .'■' sold last wcok at 7Cs 6d, unsupported r - sellers aro asking 775. N.Z.-.nntl River Plato shares changed J bands at 21s Gd, with subsequent buyers at 21s, sollors at 22s Gd. Howard .Smith shares 6old at 3os, which, is 3d below bast recorded turn- . over a. fortnight ago. '. ' . ■. Huddart Parker Ordinary shares im- ; proved from business at 44s 9d and 44s Gd'last week to 455. and 45s tjhis '; week,, with further buyers at 4os, declared .sellers at 45s sd. Canterbury Frozen Meat shares wero '•■"' placed at £13103, with subsequent sellers at £l3 ss, "buyers at £l2 17s. : \- N.Z. Refrigerating'shares'have'cased' ■-—the fully-paids, which jvero dealt in. ' last wcok at 10s Cd, are now 'available - jit 10s 3d' without fospoiiso, and tho •"■'■• paftly-paids, which sold at 9s. Od, fts 7d ■"•• and 9s cd last jveek, aro oh- offer at ; - 9s ,3d, with buyers 3d lower. This- ■■■'■■ company is offering' £300,000 of dcboii- ': tiires at 51 per eent., frco of''tax,'and- ". <>l per cent, subject to tax —half tho .{•■■ amount is required to'redeem a 6 per p cent, debenture issue maturing August i. Ist nest. •! Recorded business in Taupiri Coals at n: 18s; -shows an easing of. 3d on that dono ;,. about a fortnight ago; '»■' For Christchurch Gas shares, which changed hands about three'.-weeks-, ago c at £7 12s, buyers aro now quoting £V .'•; 12s Cd, with declared holders at £7 ,-'.- 15s. ' 1

Transactions in Browcry shares hnvo

7:. been confined to Now Zealands at 40s •>,.. tid .and 41s and Wards nb 59s and *-,< xl —tho former showing an .advance of ]'; Is to Is Gd and tho-latter an improvers . mont of Is to -Gd on those last recorded. *. liuvors of Crowns have advanced toi

• 3os 10d. hut sellers are holding for 30s V 9d, whilo Mannings, in which tho last recorded business was at 37s 6d, are ". now available at 375. -with quoted buyers at 355. "Wilsons Cement shares were placed

at 32s Gd. showing littlo chango a.s com- . ~ pared with last weeks' prices, and more are- wanted at that figure,- tollers Gd ' higher. Kauri Timbers, ox tho recent divi- ',' dend of Is per share. wero in demapd a ] '" day or two ago at 31s, but sellers aro ! asking 32s Gd—last reported business curii tho dividend was at 333 <ki. Burns, Philp shares remain unaltered ■with business at 35s 9d, and more aro wanted at 3os 6d, with, declared'sellers at 36s Gd. ~ • Rubbers improved rfrom Jiiehest-recorded turnover" last week at 32s 9d, to 33s this week. Electrolytic- Zinc Prcferenco shares, in which the- last reported business was at 38s 3d, now havo demand at 295, quoted sellers at 29s Gd. Paper Mills shares, for winch. • buyers at the close of last week wero offering 20s 3d, havosinco ha<j demand at'-20s 6d, bv»t sellers want 21s 3d and no .gales havei been recorded this week. Taranaki Oilfields 'sharec were dealt in at'22s and 235, as against sales last «. week, at..2os, 22s -6d, 23s 6d and 22s 9d. .. uhitcomb and Tombs shares sold at 70s. an easing of Is on last recorded business, and more are wanted at that figure,'with declared sellers Is higher. u ' •_' 3tf,i., Lyell Mining shares changed ■ hands at 21s Gd, as compared with 21?'. mk lid last week, and AVaihis at 26s Cd ■\-and 265;9d as against 26s' 3d.