Upward Trend on 'Change

Sun (Auckland), Volume II, Issue 559, 11 January 1929, Page 12

Upward Trend on 'Change

By ‘‘Noon Call" JK the banking figures released yesterday require support to prove the accretion of surplus capital in the Dominion stock Exchange dealings provide it. The heavy volume of business registered during the week is maintained, with the general trend of the market toward higher levels.

Recent advances made in the bankkng pi..up are held, with further rises . * r the past 24 hours. Unions of Australia are particularly firm. und_, ::uin sales earlier in the week at £ls 1 Is, buyers have moved up to £ls 15s without attracting sellers. This week s a civ a nee of New Zealands is main- • • l thi scrip is active at 02s. More were wanted at that figure at mid-day. A feature of all business on Change is the increased size of the parcels goins through. X< w Zealands are well to the fore in the insurance section, having a middle price of 47s ad. compared with tiu- market at the time of the last sale at 475. Buyers of A.P.A.’s have jumped up to 6s 9d without bringing about any reduction in spellers’ demands oC 10s. South British shares are slightly uei.r. with sellers asking 64s 6d compared with 64s 9d yesterday. Auckland Gas show a further advance. buyers improved to 24s 2d failing to secure business. In the shipping group Huddart Parkers show ini’wased strength, sales being put through at the early call at 495, the first time on this level since the middle of September last. Northern Steams are also in better tone, and buyers at

mid-day moved up 4d to 13s 7d. The last, recorded sale of this scrip was early in December, when the market was weak at 13s 3d.^ Little movement is shown in the miscellaneous group. Whittome Stevensons, after a long period of neglect, found a market yesterday afternoon at 42s 6d. A buyer came in this morning at 40s. Taranaki Oils are weak with sellers' quotations at 5s unsupported. Business yesterday afternoon.—On ’Change: Bank of New Zealand, 625. Reported: Farmers’ Trading (ord.). Ss 3d; Hayward’s Pictures, 20s 9d; Whittome Stevensons, 42s 6d; N.Z. Breweries, 58s 3d. Business at this morning's early call. —On ’Change: Waihi Miring, 14s, 5d (four parcels); Renown Collieries (pref.), 2s 8d (two parcels); Huddart Parker, 49s %two parcels). Reported: Farmers’ Trading (ord.), 8s 3d; N.Z. .-Refrigerating CoJ (con.), 9s sd; Holden's Motors. 30s. Business at mid-day.—On ’Change: N.Z. Breweries, 58s: Bank of New Zealand, 62s (four parcels). Reported: Commercial Bank of Australia, 30s 9d; Waihi Mining, 14s sd; City of Auckland, 1940, 5£ per cent., £9B.