FINANCE & MARKETS

Sun (Auckland), Volume II, Issue 585, 11 February 1929, Page 12

FINANCE & MARKETS

Less Interest in Oils

Big Turnover of Waihis

Bv “Xoon Call”

A COMPARATIVELY heavy turnover in Waihi mining scrip was one of the features on ’Change this morning. The markets, generally, hold in very firm tone, with ample capital available for investment.

Fluctuations Some of the principal movements on ’Change over the week-end are as folAuckland Gas (ord.), rise of 4d. Taranaki Oils, fall of Bd. Waihi Minins, fall of Id. uhinemuri fall of id. The banking and insurance groups . quiet. Sellers oi Queensland Iniiince scrip came in this morning at 71 to find support at 665. South British buyers are offering slightly less .noney at 64s 3d, compared with a mark- t price ol 64s 9d last week. Sellers, i„,wfvcr, are very firm at 60s 6d. * » * Steady buyers of Dalgetys fail to ,h , w ;/declaration from sellers. Nu- ! iona 1 Mortgage and Agency scrip was ..ffored at 91c 6d at the mid-day call, \ .th sellers quoting 87s 6d: the market price of tho scrip at the time of the last sale was 90s. Yuckland Gas shares were active this morning on a market little short ot t li ft cum div. levels of a fortnight ago. The market closed at mid-day. with buyers offering 24s 2d. # oils are suffering a decline. Tara- , , K i oil Fields shares were dealt with 1 4d at the mid-day call, compared with 6s on Saturday, and 8s in \vell-

SOUTHERN EXCHANGES

SATURDAY’S SALES Press Association Wellington: New Zealand Government stock, 4' per cent., 1938, £99 17s 6d; Wellington Meat Export, 12s 6d. Dunedin: Blenheim Oil, £5 10s; Waihi, li' 6d; Kildare, 2s 7d; Staples Brewery, 42s 6d.

BRADFORD TOPS MARKET

'Australian and N.Z. Press Association) Rood. 9.5 a.m. LONDON, Sunday. The Bradford correspondent of “The Economist” writes that the demand for tops is very disappointing, and in the absence of bulk business to test the market, it is difficult to say how quotations stand; but it Is fairly evident that top-makers are prepared to make concessions, and for any bulk business the prices, especially for Merinos, are distinctly easier. Crossbreds are considered to be too dear at the current rates, but sellers are not quite so ready to make market reductions in these qualities, although here also the position favours buyers.

ington on !•’rida.y. Sellers of Bien- J helms could not find support at £ 5 as, compared with a market price of £ 5 15s on Saturday. . . * In the mining group Waihis are being unloaded in fairly substantial parcels, and th© market is suffering as a result. Several hundred shares changed hands in the call room this morning at 14s Id. Id below Saturday's market and 6d below the market at the end of the previous week. The market improved slightly at mid-day, when more sought at the earlier selling price failed to attract sellers below 14s 2d. The market for all classes of Government and local body debentures is very firm with a wide range of quotations. Buyers of Auckland 5£ per cent. City.s and Harbours moved up 10s to par this morning, but sellers were not attracted. New Zealand Brewery debentures are also firmer, having a middle price of 26s 5d at the mid-day call compared with the market of 26s 3d. Business at this morning’s early call, j —On 'Change: Waihi Mining, 14s Id. 1 Business at mid-day.—On 'Change: j Taranaki Oils. 5s 4d: Auckland Gas, 24s 2d (four parcels). Reported: ! Uhinemuri Mining. 8s 3d; Waihi MinI ing. 14s Id.