FINANCE & MARKETS

Sun (Auckland), Volume II, Issue 575, 30 January 1929, Page 12

FINANCE & MARKETS

Insurance in Demand

Renown Firming By “NOOX CALL - ’ THE general feeling on 'Change has improved considerably and many sales have been recorded. All insurance shares are firm, few shares offering. Renown Collieries ordinary shares have buyers at 16s lOd. sellers 18s, while the preferference changed hands at 2s lOd this morning, leaving the market firm.

Bank securities remain steady, though few transactions have been recorded, • • • Auckland Gas shares are steady, with buyers 24s 4d, sellers 24s sd; and the contributing shares are firm with buyers 17s 10a, no sellers quoting. There is a buyer for Gisborne Gas at its, but fails to attract a seller. • * • In the shipping section, Devonport Ferry have sellers at 24s 9d. Howard Smith are In demand at 24s 6d. In Huddart-Parkers, both issues are asked for. Northern Steam, both issues, fail to attract buyers. P. and O. < deferred stock) remain firm, while I'nion Steam have steady buyers at 20s 4d, sellers 21s. Woollen shares are, in most cases.

firming, but little business has been recorded. Mining: is quiet. Ohinemuri are quoted with buyers 8s Id, sellers 8s !)d. Waihi keep firm at about 14s 9d. Mount Lyell have many buyers at 41s 3d. sellers 42s 6d. * • • All Government and local body securities are very firm, few sellers quoting. * * * Business at this morning's early call: Reported—Pukemiro Collieries. £3 7s fid; Renown Collieries (pref.), 2s lOd; Electrolytic Zinc (pref.), £1 17s 3d. * * * Business at to-day’s mid-day call: On 'Change—Waihi G.M. Co., 34s 9d. Reported—Kaiapoi Woollen (ord.), 13s lid.