’Change Market Active

Sun (Auckland), Volume II, Issue 373, 6 June 1928, Page 14

’Change Market Active

BANK IN KEEN DEMAND BUSINESS in the banking section both last evening and this morning has improved and many transactions have taken f place.

The bank market is firm, with considerable activity. Bank ot Adelaide, Bank of Australasia, and English, Scottish and Australian Bank are in keen demand, and advancing in price. Bank of New Zealand and Union of Australia are selling freely at current, rates. New Zealand and South British Insurance shares are steady, and the recent rise in these shares has been maintained. Milne and Choyce’s, both shares and debenture stock, are very firm, with no sellers quoting. Union Oil, Soap, and Candle scrip 'has a steady buyer at 41s 6d, with no shares offering. Wilsons • N.Z.) Portland Cement market has not changed, one sale being made this morning at 38s 3d. Both Government and local body debentures are firm, with few sellers appealing. Yesterday afternoon’s business: On ’Change—Bank of New Zealand, £ 3 Os

3d; South British Insurance, £3 Is 6d; Waihi Gold Mining Company, 11s 9d. Reported—Union Bank of Australia, £l4 18s 6d; New Zealand Insurance, £2 2s 3d; New Zealand Guarantee Corporation (ord.), 8s 8d; Waihi Gold Mining Company, 11s lOd; Mount Lyell Mining and Railway, £1 13s 9d; New Zealand Inscribed Stock, 1930, 51 per cent., £9B 10s. Busines at this morning’s early call: On ’Change—Bank of New Zealand, £3 0s 3d: New Zealand Insurance, £2 2s 3d: Wilsons (N.Z.) Portland Cement, £1 18s 3d. Reported—Commercial Bank of Australia, £1 9s 9d; Union Bank of Australia, £l4 18s 6d; New Zealand Breweries, £2 Is. Business at to-day’s mid-day call: Reported—English, Scottish, and Australian Bank, £8 10s 9d: Bank of New Zealand, £3 0s 3d: New Zealand Breweries, £2 Is: H.M. Arcade ThecJ.re (pref.), £1 Is; Kempthorne Prosser’s New Zealand Drug, £3 9s 3d.