Strong Tone on ’Change

Sun (Auckland), Volume II, Issue 440, 23 August 1928, Page 12

Strong Tone on ’Change

General Upward Movement

SEVERAL shares reached m twenty-four hours. The securities is very firm, witl recorded. The market for Ban is in particularly strong tone. Almost every day recently has seen the market for some scrip in the banking group reach new high levels. Unions of Australia at £ls ss, and New Zealands at 61s 3d, both show an appreciable advance on their cum div. price. New South Wales improved 5s this morning to see a sale outside the room at £SO 10s. South British shares are active in the insurance group at 635. Is 6d above their market of over a week ago, when the last recorded sale was made. New Zealands show a further advance and sales are recorded at 43s 9d. Kaiapoi Woollens, in anticipation of the balance sheet disclosing an improved financial position, continue to register a hardening tendency. Sales are recorded at 12s 6d. compared with 11s 6d earlier in the week. In the miscellaneous section, Whittome Stevensons show the biggest movement, the market advancing to 50s. Wilsons Cements are very firm. Dominion Pictures are active at 22s for the ordinaries.

ew high, levels over the past : market for all the popular it a general rising tendency iks and better class Industrials The mining group is steady, with Waihis quietly active at 13s. Business yesterday afternoon:—On ’Change: New Zealand Insurance, 43s 9d; Waihi Mining, 13s; New Zealand Inscribed Stock, 1936. 51 per cent., £lOl 2 s 6d. Reported: Mosgiel Woollens, £7 ss; Kaiapoi Woollens (ord.), 12s 6d; Whittome Stevenson, 50s; Commercial Bank of Australia, 30s 9d; Bank of New South Wales, £SO ss; Union Bank of Australia, £ls ss; Westport Stockton (ord.), 3s Sd; ITuddart Parker, 49s 9d; Northern Steam (ord.), 14s 3d. Business at this morning’s early call:—On ’Change: South British Insurance. 635. Reported: Commercial Bank, 30s 9d. Business at mid-day: On ’Change: Waihi Mining, 13s; Dominion Pictures (ord.),, 225. Reported: National Bank of New Zealand, £7 6s; Bank of New South W'ales, £SO 10s; Bank of New Zealand, 61s 3d; South British Insurance, 635.