THE MONEY MARKET.

Auckland Star, Volume LIX, Issue 71, 24 March 1928, Page 4

THE MONEY MARKET.

BUSY SPECULATORS.

CREATE NEW RECORDS

(Received 10 a.m.)

NEW YORK, March 22

Tremendous trading continued on the Stock Exchange, sales reaching 3,927,000 shares, which is the second largest day in the history of the Exohange and but slightly under the four-million share day reached on March 13. Heavy baying continued in such issues as General Motors, General Electric and Hupp Motor, all reaching new peaks, but the upward movement was definitely arrested in late dealings when heavy profit taking caused large recessions from highs in a long list of issues. This is the tenth consecutive day of over three million shares. Later.—Stocks to-day broke the record of Mar oh 13, with the sale of 4,006,300 f 1 I' OS.

FOREIGN EXCHANGES*

CONSOLS AND COLONIAL STOCK. LONDON. March 23. The following table gives quotations for r-nnaols and colonial inscribed stocks, com-1 p.irsd with those of March 15:v variaPric«. tion.

LONDON, March 22. foreign exchanges on London today, inpnred with rat<** previously quoted Mar. 22. Mar. 19. Par. Vlontrenl (dol. to £» 4.S7J 4.87"/ u *806 N«-w Tork (dol. to „ £ > , 4.88V,, 4.88Vm 4.808 I«nissels (belsn to £) ,1.102 35 01 35 £? n r, SJ' r - to «) .. 124.(K! 25.223 Stockholm Ikr. to f ' V" "A" *'" 1810 1S1 » 18.150 <£ , 0 is --> mm "•'=» 83 88 83f T..V t g# Mr S& AniMtirdnm (H. to " 1841 ~ B",tu-ini'Vo o Sff Wi? S« f aliMitta (pence to • 12107 nippp) . . ... is.oo , 800 fokolnimn (pence .vn) 23* MM Hongkong 'ounce * to rlol T 21} 243 • All quotations nre for cable irnunfera. •rii-tpriiiinvti on thp price of sliver. +Ori th<* buuia of to rupees to one stiver elgu ( gold >.

£ 8. (1 a. d. im. 3i. >» • rsife ™>| I ! 1; :a«e«» • d | pi Nfw Zculitna, i J® U ? 10 o* N.-w Zealand. «, lOM-MlW J 3 0 10 0 — 'Lower tHl*ner.