AN UPWARD TONE
ACTIVITY IN SYDNEY STOCK ‘ ' MARKET . ii INFLUX OF N.Z. CAPITAL SHARP RISE IN BANK SHARES Dartod Preen Awm. by El. Tel. ConyTiirh* (Received Feb. 11, 5.50 p.in.) SYDNEY, h'eh. 11. Sun Newspapers says New Zealand money has been attracted to the Syd-. ney share market by the comparatively high yields derivable from a number of first-class investments, and the market to-day is more buoyant than for months. Buying was well spread and extended to all sections of the market, but it was the New Zealand orders that were primarily responsible for the sharp rise in bank rates. Bank of Australasia shares rose 15s, National Bank, 6s, Bank of New South Wales 2s 6d, E.S. and A. Bank, Is 6d. New Zealand orders were also on the market for Colonial Sugars, which advanced 5s to £-14 7s 6d. Owing to a, good response ito the Commonwealth conversion loan, the market for Government stocks also showed a hardening tendency. AUSTRALIAN STOCKS BUOYANCY IN LONDON Doited Press Asah. by El. Tel. Copyriorhi (Received Fob. 11./8.30 p.m.) LONDON, Feb. 11 The Financial News says a. feature of the market is the buoyancy of the Australian stocks, thanks to jissttr anccs concerning the financial position and news of the proposed shipment of £7,000,000 in gold.
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Bibliographic details
Gisborne Times, Volume LXX, Issue 11128, 12 February 1930, Page 5
Word Count
213AN UPWARD TONE Gisborne Times, Volume LXX, Issue 11128, 12 February 1930, Page 5
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