FINANCE & MARKETS

Sun (Auckland), Volume II, Issue 519, 23 November 1928, Page 12

FINANCE & MARKETS

Union Banks Improve

Wilsons Cement Firm

By

“Noon Call."

THE general tone ot' the market is decidedly brighter, and manv sales have been recorded. Union Bank shares have advanced Is since yesterday, making the market £.15 8s 6d. Wilsons Portland Cement have steady buyers at 40s 9d. no shares offering.

tiiiok shares continue to Attract much attention and considerable business is being reported. Auctioneering shares are still in demand. A pref. sold this morning at 17s 6d. National Mortgage and River Plate have many buyers, shares unoffered. The coal section is weak, few buyers appearing. Renown (ord.) has a steady buyer at 13s: seller. 16s 3d: while Taupiri (pref.) have buyers at 2 3s; no sellers. Brewery shares are in demand. Innea and Co., both ord. and pref. issues, are keenly watched. buyers quoting 19s and 19s 6d respectively. New Zealand Breweries are fluctuating considerably, buyers quoting 565, sellers 58s. ElMtrolytic Zinc <ord.) sold this morning at 355, leaving a further buyer at 34s 9d, while the preference j issue are quoted at 36s 3d, 37s 6d. Hill | and Plummer have persistent buyers*

at 22s 9d: Kempthorne, Prosser, are I also in demand at 70s. Waihi market is steady, with buyers at 14s lOd. sellers, 15s: no business. Mount Lyell has a buyer at 38s 9d. seller at 39s 6d. Yesterday afternoon’s business. —On ’Change: Reported, Bank of New Zealand, £3 Is 9d: Union Bank of Australia, £ls 7s 6d: South British Insurance, £ 3 4s: "W ilsons (X.Z.) Portland Cement. £2 Is. Business at this morning's early call. On 'Change: New Zealand Inscribed Stock, 1933, 55 per cent., £lOl, 10s. Reported: Union Bank of Australia, £ls 8s 6d; Farmers’ Co-op. Auctioneering A pref., 17s 6d: Electrolytic Zinc (ord.), £1 15s; New Zealand Breweries (deb.), £1 5s 2d. Business at to-day’s mid-day call.— !On Change: South British Insurance, !£3 4s: Auckland Gas, £1 3s 4d; Waihi G.M. Co., 14s lOd: New Zealand Government War Loan, 1939. 45 j per cent.. £99 7s 6d. Reported: Australian Bank of Commerce, £1 13s 6d: I Waihi G.M. Co.. 14s 9d.