FINANCE & MARKETS

Sun (Auckland), Volume II, Issue 400, 14 July 1928, Page 12

FINANCE & MARKETS

Strong Tone on ’Change

WAIHIS ACTIVE AT 12/6

THE week on ’Change this morning closed with a strong tone in the market for most of better-class securities.

Ranks are in particular good tone, with the market lor several shares registering an upward tendency. New -Zealands are firmer, and following sales at 59s 6q, sellers this morning at 60s were supported by buyers at 59s

3d. Unions are firmly held with sellers at £ls 5s supported by buyers ht £ls. Insurances are quiet with steady buyers in on a firm market for Nationals, N.Z.’s and South British. In coals buyers of Hikurangi ordinaries advanced 3d to 5s 6d. The miscellaneous section is quiet. Australian Iron and Steel preference -hares were sought for the first time this morning, buyers offering 20s and no sellers quoting.

Taranaki Oils are slightly easier, with sellers offering 10s. Waihis continue active on a firm market. Mt. Lyells are also in good tone, though no business is recorded for this scrip. Other mining shares are idle and neglected. Business yesterday afternoon —Auckland Harbour Board, 6 per cent, debentures, £lO4 10s Waihi Mining, 12s 6d, Bank of New Zealand 59s 6d; South British Insurance, 60s; Goldsbrough, Mort, 49s lOd. Business this morning.—Reported: Bank of New Zealanjt, 59s 6d; Auckland Gas ord., 23s 2d; ditto (con.), 17s 3d; Waihi Mining, 12s 6d; Auckland Harbour Board 6 per cent, debentures, £lO4 10s.