Gear Meats Improve

Sun (Auckland), Volume II, Issue 418, 28 July 1928, Page 12

Gear Meats Improve

Government Boards Wanted

THE quiet tone registered on ’Change over the past week continues. Only a very limited volume of business is recorded.

Kittle life is shown in the banking section. Commercials are slightly easier, but the market, generally, in this section merely appears to be suffering from a week-end slackness and a healthy undercurrent Is recorded in the market. Unions of Australia, ex div, are sought at £l4 14s, with no sellers quoting. Coals are firm, with the demand principally for Hikurangis and Pukemiros. Auckland Gas are firm, ex div, with sellers at 22s 5d supported by buyers at 225. Newton Kings preference scrip have found a market at 6s 9d. In timbers Kauris have been quietly active at 10s. More were offering at 19s 3d this morning, but buyers had withdrawn.

In the miscellaneous section Lewis Lady, Ltd.’s are active on a market registering:, if anything, a firming tendency. Gear Meats are firmer and buyers at 40s fail to draw sellers. N.Z. Paper Mills show an upward tendency and buyers moved up 3d this morning without drawing sellers into the market. Taranaki Oils are practically neglected, with buyers in at Bs. The market for Government bonds and stocks continues in good tone, with sellers hard to locate on present levels. Business yesterday afternoon:—On ’Change: New Zealand War Loan, 1938, 1% per cent.. £99; Kauri Timber, 19s. Reported: Newton King (pref), 19s. Business this morning.—On ’Change: British Tobacco, 42s 9d. Reported: Newton King (pref.), 6s 9d; Kauri Timber, 19s; Lewis Eady, Ltd., 235; Ohinemuri Gold and Silver, 7s.