Healthy Trading

Sun (Auckland), Volume II, Issue 486, 16 October 1928, Page 12

Healthy Trading

Demand for Bonds

AVERY healthy volume of business was recorded on ’Change this mornin<r. The demand was fairly widespread, but confined mostly to the more popular securities.

Commercial Banks are slightly firmer, buyers offering 2Ss lid this morning. Unions of Australia are showing considerable activity both lore and in the South, where several sales were put through yesterday at up to £ls 7s 6d. In the insurance' group. A.P.A.’s are weaker, and. despite sellers’ reduced uuotations at 7s lid, buyers are not attracted. New Zealands are very Irm again, with sales registered at 45s 3d and more wanted at 435. Northern steams, approaching the interim div., are slightly easier than at the corresponding date of last year, when the middle price was steady at par. Union Steam debenture stock is very firm. Woollens maintain their recent

strength with steady buyers and no sellers of the ordinary issues. The market for Government and local body debentures is very firm, 41 per cent, short-dated bonds and stocks meeting with a particularly strong demand. Business yesterday afternoon. —Union Bank of Australia, £ls 7s 6d; New Zealand Insurance, 45s 3d; Auckland Gas. 23s Id; Wilsons Cement, 39s 3d. Business at this morning’s early call. —On ’Change: Waihi Mining. 14s 2d. Reported: Pukemiro Collieries, 695; New Zealand Breweries, 545. Business at mid-day.—Burns, Philp, 44s 3d; Union Bank of Australia, £ls 7s 6d; Hikurangi Coals (pref.), 10s 6cl; Pukemiro Coals. 695; Northern Steamship (con.), 6s 9d.