THE SHARE MARKET.

Hokitika Guardian, 16 July 1921, Page 3

THE SHARE MARKET.

There is a healthy tone, says the “Press” apparent in the share market, any buyers are now operating with more confidence than was the case a few weeks ago. This has resulted in a firming of prices in many investment stocks.

There has been a fairly good demand for War Loan stock, and bonds, and prices are higher than they were a week ago. There has been business during the" week at £B3 ss, £B3 10s, and £B3 15s, as compared with £B2 17s 6d and £B2 2« (id at the end of last week. Further buyers are offering £B3 5s with out attracting declared sellers. Considerable business has been done in Soldiers’ Settlement. Loan, inscribed stock having changed hands at -P<)l ffs, with further buyers at £9l 2s fid. find no declared sellers. All bank shares have been sought n i'tcr, and prices all round are highci than they were at the end of last week. Buyers are now offering £32 10s for Bank of New South Wales shares, as compared with business at £3l 5s about a week ago, hut there are no quoted sellers. There has been a sharp rise in valu c in Bank of New Zealand shares. During last week there were sales reported at 45s 6d and 46s 6d, and at the beginning of the present week buyers were offering 46s 9d, with sellers at 47s 3d. Since then business has been done at 46s 9d, 475, 47s 6d, 48s 48s 3d, 49s 9d, and 50s. There are at the moment further sellers at 50s with buyers offering 48s 6d. The Union Bank of Australia has declared a final dividend at the rate of 15s per cent, per annum, and, cum the dividend, there are buyers at £l2 18s and sellers at £l3 Is. Sales have been reported during the week at £l3, £l2 18s, and £l3, showing a slight improve ment as compared with the previous week, when there was business at £l2 17s fid and £l2 15s.

Most insurance company shares have been in good demand at increased prices. Up to the time of writing the last report. Nationals had sold at 555, but there has since been reported business at 57s 3d, 58s 59s and 61s. with further buyers at 60s and sellers at 635.

New Zealand Insurances hav 0 sold at 30s 6d. 30s and 29s Od, with further sellers at 30s At the end of last week there were sales at 29s fid and 30s. South British Insurances have been dealt in at 36s 3d, and 365, with further sellers at the latter figure, as against buyers at 34s 9d and sellers at 36s 3d a week ago. At the end of last week buyers were offering 45s for Standard Insurances, there having been previous business at 44s fid, hut buyers are now offering 47s fid without atracting sellers.