ON CHANGE.
MARKET QUIETLY FIRM.
MORE SETTLED TONE. INVESTORS GAIN' CONFIDENCE. Tlio market on the Auckland Slock Kxchangc this morning wiie quietly (ma and it is apparent that investors jre gradually gaining confidence. There Ikis bei'ii nu spectacular advance in prices, but liuvertliclcMM the undertone is fi i in or.
A parci-l of Bank of New Zealand shares (.line on the market at £1 h>, , . They iviTo iniiiH'diaU'l.v enapped up, and t'ns :s tin! level of rcecut sales. Buyers no,v reniiiiu at £1 18/1), while holdora have withdrawn Gil to £t ID, (). Both New Zealand mill South liritisli Insurance have advanced n few pence, while the o.iinc tendency is seen ill the indn.-itii.il section. There Ik an inquiry for Wilsons Cement and Woolworthe (New Zealand) at values which represent ,i email riee. Woolworthe were among those whioh suffered most from the vvar situation. Jt is a sign of renewed confidence that they are again recovering. Gilt-edged stocks were again in demand. The Noon Call. I'ricen were not greatly changed at the noon call, though the upward movement wae continued. Buyers uro now willing to give £1 19/ for Hank of New Zealamle, a rise of 3d. while the sale of New Zealand Insurance at £2 14/6 wae an advance of 3d.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/AS19400704.2.11.2
Bibliographic details
Auckland Star, Volume LXXI, Issue 157, 4 July 1940, Page 4
Word Count
211ON CHANGE. Auckland Star, Volume LXXI, Issue 157, 4 July 1940, Page 4
Using This Item
Stuff Ltd is the copyright owner for the Auckland Star. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Auckland Libraries.
Log in