BANKING RETURNS
STIMULATION TO STOCK EXCHANGE Dominion Special Service. Auckland, January 11. The publication of the banking returns for the closing quarter of 1928 and the emphasis laid upon the excess of fixed deposits and sure evidence of improved economic conditions had a distinct effect upon business on the Auckland Stock Exchange. There was a much keener demand for all descriptions of better-class ■ shares... Values which have been firm at very high levels for mouths past were advanced again, and the shares of at least one company touched a new high record in sales. Insurance and banking shares were very active at current to advanced rates, and nearly all sections on the Stock Exchange list benefited. It was further evidence of the amount of surplus money in tlie Dominion. The neturn from shares and securities continues to shrink as the price is forced steadily upward, but 'such is the urgency of. the. quest for avenures of in-, vestment that the movement goes on,
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Dominion, Volume 22, Issue 93, 14 January 1929, Page 8
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163BANKING RETURNS Dominion, Volume 22, Issue 93, 14 January 1929, Page 8
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