Market Buoyant

Sun (Auckland), Volume III, Issue 638, 15 April 1929, Page 10

Market Buoyant

Heavy Trading in Insurances Bv “Noon Call.’’ EXCEPTIONALLY heavy trading for an opening call for the week was transacted on ’Change this morning. The feature of the market is the activity in Insurances.

ucJuations I Pric« movements shown by sales | over the past 24 hours* when com- ’ pared with the price at the time of s the previous recorded sale, include : Sanford (ord.), rise of 3d. Auckland Gas (ord.), fall of Id. New Zealand Insurance, fall of 3d. Queensland Insurance, fall of 2s 3d. The demand for an almost gilt-edge •.security which last week found an out•"t in the banking group, this mornng turned to insurances, resulting in ''he heaviest turnover in the group at a single call for many weeks. Xew Zealand* showed a slight decline on last week’s market. Queenslands, which "have been idle since a week or so before Easter, were decidedly easier. South British were dealt with on a market showing an approximate immediate return of only £3 13s 3d per cent. fn coals. Urey Valleys are showing

a decidedly firmer tone, sellers holding firm at 24s at mid-day after a drop of Is from the early call. Buyers offer 22s 7d. Pukerairos are sought at 645. The section, generally, is quiet, with the speculative element not showing much strength. In the miscellaneous group, the demand far Sanfords, Ltd., is maintained, a further advance of 3d taking place in the market this morning.' Wilsons Cements are very firm and, with buyers offering 40s 9d, sellers were not at--1 traded. Taranaki Oils are slightly j weaker. Business at this morning’s early call. —On ’Change: Xew Zealand Insurance, 46s 9d; Queensland Insurance, 67s 9d: South British Insurance, 665: Kauri Timber. 17s 6d; Xew Zealand Farmers’ Fertiliser, 21s 6d; Sanfords. Ltd. ford.). 18s 9d; Waihi Mining. 13s Bd. Reported: Westport, Stockton (ord.). 2s 9d. Business at mid-day.—On 'Change: Auckland Gas. 24s 3d: Sanfords, Ltd. (ord.). 18s 9d. "