FINANCE & MARKETS

Sun (Auckland), Volume III, Issue 669, 22 May 1929, Page 10

FINANCE & MARKETS

Gilt-Edged Securities Firm

UNION BANKS IN DEMAND /"’OXSLDERABLE activity is being registered in the betterclass securities, especially the bond market, -where prices are well maintained, occasional sellers quoting. Union iiauk of Australia have persistent buyers at £ls 12s 6d, but fail to attract sellers under £ls 16s.

Yesterday afternoon’s business. —On ’* ’han«»■: Commercial Bank of Australia. £1 10s; Auckland Gas (con.). 38s 3d: Blount Lyell, £2 4s 3d. Reported: Commercial Bank of Australia, £1 10s id: Northern Steamship, T 4s; New Zealand Breweries, £3 ss: Electrolytic Zinc (ord.), £1 3 6s. Business at this morning’s early call. * **n ’Change: Reported. Bank of New Mouth Wales. £52. Business at todays midday call. —On Bank of New Zealand. £3 _ s 3d: New Zealand Insurance, £2 7s. Reported: Bank of New South Wales, £52; Auckland Gas, £1 4s 3d: Colonial Sugar, £SB 32s fid: Wellington City, • i per cent., 1932, £IOO. Milne and Choyce, both shares and debenture stock, are firm with buyers at 265. Robinson Ice have* many buyers at 22s 9d. Shariand pref. are asked for at 20s 3d. Wilsons Cements are firm at about 425.

The mining section is attracting conI siderable attention. Alburnia are i quietly firming. Lucky Shots are j closely watched by investors. OhineI inuri remain steady, while Waihis I have buyers at 12s Sd. sellers holding | for 13s. There are strong inquiries for Loan (and Agency shares. Few sellers are : quoting in this section. Abraham and Williams pref. are quoted with buyers 88s. Farmers* Auctioneering are also : asked for at 60s. National Mortgage ! and Loan and Mercantile have keen i buyers. ! A large volume of business is being : registered in the banking section and I eager buyers are appearing in many eases. Australasia are showing a slight improvement. Commercial of , Australia are selling freely, leaving a ; firm market. New South Wales sold jat both calls at £ 52, leaving eager | buyers at £sl 15s. Bank of New i Zealand remain steady.