Market in Good Tone

Sun (Auckland), Volume II, Issue 527, 3 December 1928, Page 12

Market in Good Tone

(By “Nooi

Call.”)

rIE week opened on ’Chan< steady tone in the mar securities. Banks and insure In the banking group. Unions of Australia are one of the features at the moment. The market for this scrip has moved up from £ls 7s 6d a week ago to see sellers this morning at £ls 10s fid supported by buyers at £ls 8s 6d, following the sale of a small parcel at Cl 5 9s. Steady buyers are in for New Zealands on the new high levels of 625. ♦ • * Sellers of A.P.A. insurances are now hard to locate. Steady buyers are listed at ss. It is interesting to note that Were’s weekly review under date November 23 gives the latest market price for this 6crip at 6s. In the same report the Melbourne market for Uniteds is given at £ll 2s 6d. Queenslands sold under the same date at 66s 6d. New Zealands on the Auckland market hold Saturday’s middle price of 46s 9d. * * * A very firm tone is registered in the market for many of the more popular miscellaneous securities. Buyers of

Union Banks Very Firm

ge this morning with a very ■ket for all the better class inces are very firm.

Burns, Philp moved up 6d to 44s 6d this morning, without drawing sellers. New Zealand Refrigerating contributing scrip is sought at 9s sd, but sellers are firm at 9s 9d. More interest is being taken in Fuller’s and Hayward’s Pictures, buyers for both shares coming on the market. * * * Taranaki Oils continue very weak. A parcel changed hands this morning at 4s 6d and buyers immediately reduced their offers od to 4s 3d. The scrip still appears to hold the attention of speculative interests. m 0 * Business at this morning’s early call. —On ’Change: Union Bank of Australia, £ls 9s: Auckland Gas, 23s 4d (two parcels). Reported: New Zealand Inscribed Stock, 1927-41, 54 per cent., £99 2s 6d. ' 0 0* Business at mid-day.—On ’Change: Taranaki Oils, 4s 6d. Reported: Auckland Gas, 23s 4d.