BANKING GROUP QUIET

Sun (Auckland), Volume II, Issue 526, 1 December 1928, Page 12

BANKING GROUP QUIET

Closing Prices Firm

(By

“Noon Call.")

CLOSING prices on ’Change this morning for most of the better class securities were very firm. A healthy volume of business continues to be recorded.

The banking group is quiet. The new issue of Commercials of Australia, now fully paid, were offered at 30s 3d, 2d below the price for the ordinaries which have a little more claim on the next dividend. New Zealands are very tirrn, buyers at 62s failing to attract sellers. Buyers of Unions are steady at the advanced price of £ls Ss, but sellers are not attracted. A small parcel of New Zealand Insurance shares changed hands in the call-room this morning at 46s 9d, 9d below the peak prices of a week ago. More were wanted at 46s Cd. South British are very firm, but other shares in the section are practically neglected. Nationals were not quoted. mm* Coals continue to meet with a steady demand. Pukemiros, following a sale outside the call-room at 655, are quiet, sellers at 67s being unsupported. Sellers of Renowns dropped 3d to 16s. Waipas are weak and neglected, with buyers apparently not yet satisfied that the trouble at the mine has been overcome, and that profits will be

sufficient to pay the usual dividend this year. These shares, it is interesting to remember, had a middle price of 15s lOd at this time last year. In the shipping group. Northern Steams continue to weaken, and this morning sellers of the ordinaries at 13s 6d were unsupported, compared with the market price of 13s lOd at the date of the last sale over a fortnight ago. Huddart Parkers are very firm at 48s. Breweries have been active in the South but the Auckland market for New Zealands was somewhat easier this morning, sellers not offering more than 55s 6d, compared with yesterday’s closing price of 56s 6d. The group, generally, is quiet. * * » Business yesterday afternoon.— Ohinemuri Mining, 7s sd; New Zealand Breweries (deb.), 25s 3d; New Zealand Breweries, 565. * * * Business this morning.—On ’Change; N.Z. Insurance, 46s 9d. Reported: Mt. Lyell Mining, 395; Pukemiro Collieries, 655.