FINANCE & MARKETS

Sun (Auckland), Volume II, Issue 530, 6 December 1928, Page 12

FINANCE & MARKETS

A Buoyant Market

Confidence in the Future (By “’Noon Call,”) ALREADY, it seems, the political situation is being reflected on ’Change. Confidence in the assumption that the next v ear will bring about an increase in the amount of Public Works monev circulating through the country, in addition to the already greater prosperity of the primary industries, is causing increased attention to he paid to speculative investments that three months ago were practically negleeted.

Increased life is registered in the mining group. Waihis are slightly orisier, sales taking place at 14s 9d to k; lV e more available at that figure. Mount LyHls are very firm. steady r.ners of' 39s failing to draw sellers below 39s 6£. Ohinemuris were dealt with . i Ts fe. 5d in advance of the market last week. Big Beach fa Southern concern!, shares were dealt with life yesterday afternoon at 3s 9d. the p,ireel going to Dunedin.^ Farmers* Trading Co. shares are very firm at par. Advice received on • *hange this morning was to the effect th.i* no more of the forfeited shares which were offered at 7s 9d are avail:.bl< A limited number of ordinary shares can be obtained at the head office at par. but these only carry a dividend from the date of allotment. The present market for the scrip r , presents a recovery from a period of n, r.v months of neglect to sales at 5s »,d less than twelve months ago. The present par price, it is interesting to not. . as a result of yesterday’s meeting iit shareholders, will return 10 per cent. «»rt next dividend day.

A healthy tone is registered in the miscellaneous group, all the better class proven securities meeting tvith a very firm demand. Xaranalti Oils continue quietly active as the result of the operations of the speculative interests sales being made at 4s lid and 5s comnared with 4s Sd earlier in the week. «* * . Business yesterday afternoon: Bank of Australasia, £l4 14s; Hikurangi ! Coal (pref.), 11s 2d: Pukemiro Coal, 65a 6d and 655: Wellington Woollens (pref.),* £7 6s; Taranaki Oils, ss; Waihi Mining, 14s 9d; Borough of Devonport. 6 per cent., 1936, £102" 10s; Big Beach, 3s 9d. I Business at this morning's early call: Reported: South British. Insurance, 64s 9d: Ohinemuri Mining, 7s 6d. | Business at to-day's mid-day call: On ’Change—Bank of Sew Zealand, 62s 3d; Ohinemuri Mining, 7s 9d. Reported—Waihi Mining. 14s 9d; Bartholomew Timbers, ISs 6d; Taranaki Oils, 4s lid: Auckland Harbour Board, 55 per cent., £IOO.