FINANCE AND COMMERCE.

Press, Volume LXVII, Issue 20168, 21 February 1931, Page 12

FINANCE AND COMMERCE.

SHARE MARKET. WEEKLY REVIEW. Daring the past week business in gill edged securities increased appreciably, especially about the middle of the week and the 4$ per cent, tax free issues were heavily written dowti. In other sections of the market business was confined to the more popular investment lines—industrials oil the whole attracting less attention. Gdld Milling share 3 jif small nominal value showed more activity and prices if any-* thing wero slightly stronger all round. The recorded volume, of business ° n the local market for tho past week was approximately £B6OO. I'our and a half per cent. 1938 Tax Free Stock fell to dealings at prices ranging Irom £94 to £93 7s fid, closing at £O3 10s—that due 1939 changed hands at £94 and £93 17s Gd, and the bonds, due 1939, at the isaine prices. Five* and one eighth per ceht. Wfibed 1937 was released at £95 17s 6cju Five and a half per cent. Bonds, due 1933 and 1936, were placed at £93 56, and late unsupported sellers want £99 10s. Christchurch Drainage Board 5J bcr | cent. 1938-73 debentures realised £97; lii tho Banking group Australian of Commerce remained unaltered at 145,. market closing 14s sellers 18s buy era. Commercial Bank of Australii. movecl within narrower limits witn dealibes at price* ranging from 13s 6d to 13s. 3d as against 13s 9d to 13s 2d last weekT. and moro are wanted at 13s 3d, sellefb at 13s sd—the preference which closed at £5 lis last week .are stronger with buyers at £5 12s, sellers at £5 19s. ■Australasias are avdilable_ at £8 15s, buyers at £8 10s, and business a week ago ' was &t> £8 lfis. Mtional of New Zealand realised £4 13s And ftldrd are • on offer M 15s, bujfarte at £4 lis. New South Wales, cuto quartefly dividend at the rate of 9 per cent. per annum, payable in Australian curerncy crti „A Fe^ r t ual 7 3616, dropped ftom £2O 10& to £2&, New Zealandfij ireht dbwn to hi 4d a weak atfo, had ae&liflfa'this week at 'prieei ra&giiig Jjfbto 4AS w 46s 14dL' and there ail ftartnM it 4&r ( 7d, sellers t& 401 'JloftV B*B* shares iMrt M Bfe 40L ' * Banks a&dWed 4 itttjA&r trctfc buaiaett. At && 104 M is - £6-12> s;d la« last WBbktbmxaoce aM tifHUi attd ABdluif. J&tional InßUrimefc %ett'ht4ady at tit, asd-late iburitjpjpdriba tftal' ■ " J3b 4<L New; Sdtfl&nds «ir dividfehd oi U mr share WtfdfeSed" &6t& 9sb 3fcs Zatmiii Refrigerating If>s paid Were gtfofac, aqd dealings •ware recorded at IMt 3d, and wilji'Ji'OA ift If 9<L to 'ii 3a lasrwel&. Wootiqas ~w»re eaafcr at £6 *■ 7m td, -i Auckland Gas fully 'fcaids were fractionally wMkbi s,t Si Sd-Hho conV chtidgMi' hhnfo m 26s Pd. CM aro available at 235, buyers

nboa call at Is lid and 4s lOd, and more were Wanted at Is 10di. sellers at Is lid. Okdfito Gold Mining shares were steady, with buyers at 5s 7d, sellers at 5s lid. Buyers of Waihi» Gold Mining sliafea moved up a point to 15s sd. sellers at 16s. -

AUCKLAND ! SUMMARY. [THE PBESS Spoclftl Birtrico.] AUCKIiANI), February 20. The past week has been oiie of comparatively quiet tradihg oil tlie Auckland Stock Exchange. Business has been confined to a few of the mote popillar financial' and industrial stocks, ititiiiig lias been slightly inore active, and ihorb attßtttioh has been paid to Government securities, but the market for this class of investment has shown an easiiig tendency. In the baiiking group Bank of New Zehlaitd. have been the cehtfo of interest, fii-ming daily t6 gain 3s over a week. Commercials lost 2d. Most other shares iti. the section received little support, and the market generally has been weak. • In the insurance group Ne*v Zealand gained Is 6d, but were a shado easier at the close. Sotith British had one sale at the prevjdtad week's price. Standards were, dealt ifc. fof the first time since Novembefi Loan and agency and coal shares have been practically neglected. New Zealand Breweries haVe been quietly active on a firming market, which moved up 2s (Sfl. i Industrials showed little or no movement.- "Wilson's Cemfents were practically the only shares to show an upward tendency. ,

GENERAL MERCHANDISE. GROCERIES. Business during tho week Hag been fairly good, and,-as one man remarked, "It is wonaerful where it all comes from." There is no doubt that things in .the grocery trade and certain retail trades ore nothing like as b»d_ »»■ some -people .think they are. (food quotations will always attract tou any Ufißi showing a trace of novelty •sin amays besold without much trouble. ' ' .» , "■.■■■ -.'J: ' Produce. ""ii-tij 0 6t '" bolds to last week's an! * ' > mon tb should see higher . flhefiie are inclined to hardeii, ■ r i?-.k'Ap retailers;are now considering as tjiWjftJffi o jtosiUoftvwill affect their require- )? hB *'P tor months. Enquiries frt fes to contracts for butter •WAe-ifely delivery. Tho posi- '' v , i s|«lle4 Walnuts. W**"'Si® 6oß ttr ® auoted this. S" 8to«9 . Moi operating. Prices ore* insto&aco.against «rub sHiptbeat is tej&di I* ™ eiohahge rsta ate lyorth as Kl^ah df tttfeks, tA Ut prfiiSht tbe. demand for all tinned meata is very he(»vyj . J "tonapn miyi&g agents are operating in Canterbury*'" offering to.take the balance of thom«tjftti "faetflHH. This is a vety welcome sign, because as far as can fie aiiefettiln®^.this ,1a : ,th# .first iitb« turn ttMarlea at least Ijar* bben dgproicned 'an* behalf of. London jauyeif!. In 1 VKkwa' jWaniiTocalVto* aimi&« -°T 9 - eypeit' ,-anytfiliitf ,' ~ • Ptrmm < ( v '' - tfwjfc aa Nottheraa n «a3; A***' W* c \»H»o inserted K fopdtterii cKh erihl ' |hj>■waflftwfr thka rfn PAtras on?£ rif the best grade, v|a ija4"'P«r I<J»,t I.'ds»et,' than fitymmw W8 wqrth retailej>s', Hum? CM £ MtSy" IWM, Wfijfch fm M' ' Kiwi ■ fo* 'most ,%ls iind, U *iiw SVa- *""" *!, CBMPAMfis »EGaW!#ISD. =' '' , ißegtstei^ed. aii ; -> ■ a Wnnti ?*"!*' /»S«bl»<tffnJ Capital. iE3OOO 'ln i .Und, stock,, eta, ' CBB6 Qb'< Reps©USKnß4F*f®=.sa: t^^ 1 / 1 1 . ~>, . MZ-h LtD v ■PIUt ,'jtfik *" 4dff*fc<A»Jk l 'ZealaM), »Ja Jb.o^