ON 'CHANGE.

Auckland Star, Volume LXIV, Issue 125, 30 May 1933, Page 4

ON 'CHANGE.

RUSH OF BUSINESS. BROKERS' BUSY DAY. AUSTRALIAN. -RISE FELT. BANKS : LEAD OFF STRONGLY. This is proving a memorable day for Auckland stock brokers,< 'for more sales ■were put through this, i.iorniug tiian have been recorded for a considerable period. This exceptional activity followed closely on the heels of repprts of a similar nature received from, Sydney. Sales at the 10 o'clock call covered a fairly wide range, with late values well maintained. Fresh bidding displayed a healthy tone. In the banking section Commercials were firmer, and following-last night's sale at 14/9 there were buyers at 14/8. New South Wales were quoted ex dividend, with buyers at i>29 IU/ and holders asking £1 more.

Government stocks were steady, with buyers for the 4's from .£IOO to £100 10/. According : to maturity dates, and £99 10/ .There were no sellers. There was keen interest in New {Zealand Kefrigeratfrig shares, and after sales 6d higher-; at 12/6/ they were still in request at 12/4._ -.Wailus, .■; too,: attracted more interest than' during the last few days, and sold from £1 1/11 to £1 2/. New Zealand Breweries were in request at £1 0/6, holders still .standing out ior £1 "10/. . Activity at Noon. At the best noon call for many weeks there was a rush of buying, and a strong rise-in the-prices of some of the wellknown scrip. It .was clearly a reflection of the Australian movement. ' Beginning with a keen demand for banking shares the market showed a splendid tone, and transfers came rapidly. Commercial Banks, in the ordinary issues, maintained their value, and showed a rise for the preference shares. E., S. and A. Bank sold at a firm price, and Bank of New Zealand made two rises, first with a reported sale and then with a purchase at £2 6/, the highest price since before Easter.. New Zealand Bank long-term mortgage shares also made a rise. In New Zealand Breweries there was an advance of 9d, rising well above the recent level of values. Burns, Philp shares had their first sale locally for a long period: Next came a burst of activity in Wilsons Cements, showing the spread of* the movement from Australian to New Zealand securities. The rise in prices "-was reflected in later quotations. -

In the mining section Mount Lyells felt the upward pressure and recorded an advance of 1/3. Gillespie's Beach and King Solomon shares also sold freely. Even in the unlisted section there was evidence of the sudden revival, Farmers' Freezing Co. scrip being transferred at better values.

SALES COMPLETED.

i Last Sale. AT THE 3.15 P.M. CALL YESTERDAY— Commercial Bank £0 14 9 .. £0 14 6 E.S. and A. Bank 5 0 0 .. 5 5 6 Kemp., Prosser.. 3 5 3.. 353 Wilsons Cement . 1 10 3 ... 1 10 0 1 10 e .. 1 10 3 Okarito Oil 3 .. Oil 3 ■ Waihi 1 111 .. 1 110 UNLISTED. Ao-tea-roa ... 0 16.. — AT THE 10 A.M. CALL TO-DAY— South British .. £3 5 -0 .. £3 4 6 Goldsbroiigli, Mort 1 4 1 .. 1 4 O . Wellington Gas . 132 101 .. 113 0 N. 55. Newspapers. 14 6.. — . N.Z. Refrig. (4).. 012 6 .. 012 0 .Consolidated, Gold 011 1 ... 0 9 7* Okarito Oil 3J.. 0 11 3 Waihi .: 1 1 11 .. 1 111 '■ Waihi (2) ; 12 0 ■.... 1 111 . '',[. - UNLISTED STOCK. • Claude Neon .... ,' 1 4 3 ~ 15 0 Ao-tea-roa 0 1 6 ...0 16 Bell Hooper O 1 0 .. 0 011 AT THE 12.18 P.M. CALL TO-DAY — ■ Commercial Bk. . £0 14 9 .. £0 14 9 Com. Bk. (pref.). BIT 0 ~ 816 3 KS. ana A. Bk. 5 0 0 .. 5 0 0 Bank of "N.Z. .. 2 5 10J .. 2 5 8 2 6 0 .. 2 510 i 111 6 .. 110 0 N.Z.-Breweries .. i 9 9_.. 19 0 <Burns, Fnilp ... 210 6 ■. . — Wilsons Cement (2) 110 9 6 Gillespie's Beach (2) 0 1 6 ... 0 1 6 King Solomon ... 0 1 8 .. 0 1 S ■ Mount Lyell .... 12 0 .. 10 9

UNLISTED. Farmers' Freezing 0 13 0 .. Oil 3 Farmers' Freezing _ (£5 pd.) 31a 0 .. —