Insurance Firm

Sun (Auckland), Volume II, Issue 605, 6 March 1929, Page 10

Insurance Firm

Waihis Weak

THE tr&neral tone of the market is excellent and a larger volume of business is being transacted. All insurance shares are keenly sought after, while Waihi scrip remains weak.

Most bank shares are in demand, • and numerous sales are being reported. , Commercial of Australia, ordinary, j .selling freely at 295. Australasia are i keenly asked for, while Union of Aus- j tralia remain steady at about £ls 9s. In the coal section. Hikurangi are slowly improving. Pukemiros are firm, j buyers quoting 86s 6d, sellers asking Renown ( pref.) maintain a high ; figure. Taupiri and Westport are also J in demand. * * * ; Auckland Gas are selling freely at 34s 9d, leaving the market firm. Gis- | borne are asked for at 10s. but fail to attract a seller. Whittome Stevenson are slowly firm- j ing. and are keenly watched by inves- j tors. Wilsons ((X.Z.) Portland Cement | have found a buyer at 40s, sellers quot- ! ing 40s 3d. sales at 40s.

All debentures and Government securities are keenly asked for, but very few parcels are offering. Yesterday afternoon’s business.—On ’Change: New Zealand Insurance. £2 7s; Waihi G.M. Coy., 13s 3d; Kuala Kampar Tin, 15s 2d. Reported; Auckland Gas, £1 4s 9d: Australian Iron and Steel (pref.), £ 1 0s lOd; Sanford (pref.), 19s 3d: National Bank of Australasia. £l9 10s; British Tobacco, £2 8s lOd. Business at this morning’s early call. —On ’Change: Commercial Bank of Australia. £1 9s; Auckland Gas, £1 4s 9d. Reported: Commercial Bank of Australia. £1 9s: New Zealand Government War Loan, 1938, 4* per cent., £IOO. Business at to-day’s mid-day call.— On ’Change: Wilsons Portland Cement,