Banks in Demand

Sun (Auckland), Volume II, Issue 514, 17 November 1928, Page 12

Banks in Demand

Waihis Firmer

“Noon Call.”

By

A HEALTHY demand exists for most of the gilt-edged investments. Bank* shares are selling freely, while Waihi scrip is keenly watched, buyers quoting 14s.

In the banking section, Australasias are maintaining market rate. Commercial of Australia are selling at 30s 4d. New South Wales remain very firm, while Bank of New Zealand have steady buyers at 61s 3d, no sell^-s. A small inquiry remains for timber shares, although little business has been transacted, Bartholomew and Kauri being the only companies for which buyers are quoting. * * * Woollen shares are steady. Kaiapoi, all three issues, have buyers. Wellington, both ordinary and preference, are in keen demand, no shares offering. * * * Australian Glass have persistent buyers at 46s 9d, no shares offering. Bycroft have buyers at 31s 9d. Donaghy’s Rope and Twine are in demand

at 31s while Hill and Plummer and Kempthorne, Prosser have steady buying quotes. * * * Wilsons (N.Z.) Portland Cement are exceedingly firm, with buyers 40s 3d, no shares offering. * * * Debentures and Government securities are in demand. * * * Yesterday afternoon’s business.—On 'Change: Commercial Bank of Australia (ord.), £1 10s 4d; Renown Collieries (pref.), 2s lid; Mount Lyell, £1 18s 3d. Reported: Hikurangi Coal (ord.), 6s; C. L. Innes and Co. (pref.), 19s 6d. Business at this morning’s call.—Reported: New Zealand Brewery (deb.), £1 4s 9d.