Healthy Tone on ’Change
BANKS ACTIVE
A HEALTHY TONE was registered on ’Change this morning with no spectacular movement in any section.
Banks continue in specially good tone with the general trend upwards. Nationals of New Zealand are firmer, with buyers in at £7 6s. Commercials have hardened in sympathy with outside markets anrl sales are recorded at 29s Bd. Other scrip in this section is firm. Coals are quiet, with most of the established companies’ scrip meeting with a steady demand at unchanged rates.
Little movement is registered in the miscellaneous section. Wilsons Cements continue to show' a wide margin be-
tween buyers’ and sellers’ quotations. Mining is quiet. A healthy tone is registered in the market for gilt-edged securities, with buyers predominating. Business at to-day’s *early call:—Reported: Union Bank of Australia, £l6 18s 6d. On ’Change: Sanford, Ltd. (ord.). £l. Business at mid-day: On ’Change— Bank of New Zealand, 60s 6d. Reported—Bank of New South Wales, 48s lOd: Taupiri Coal (pref), 23s 3d; Auckland Gas, (ord.), 23s 6d; New Zealand Breweries, 41s; Commercial Bank of Australia, 29s Bd.
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https://paperspast.natlib.govt.nz/newspapers/SUNAK19280607.2.94.1
Bibliographic details
Sun (Auckland), Volume II, Issue 374, 7 June 1928, Page 12
Word Count
180Healthy Tone on ’Change Sun (Auckland), Volume II, Issue 374, 7 June 1928, Page 12
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