DEMAND FOR SHARES.
BUSY DAY ON EXCHANGE. CAPITAL SEEKING OUTLET. Publication yesterday morning 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 months past, were advanced again yesterday. 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. Nearly all sections on the Stock Exchange list benefited. It was further evidence of the amount of surplus money in the Dominion. The return from shares and securities continues to shrink as the price is forced steadily upward, but such is tho urgency of the quest for avenues of investment that the movement goes on.
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Bibliographic details
New Zealand Herald, Volume LXVI, Issue 20152, 12 January 1929, Page 10
Word Count
160DEMAND FOR SHARES. New Zealand Herald, Volume LXVI, Issue 20152, 12 January 1929, Page 10
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