SOUTHERN EXCHANGES.

Auckland Star, Volume LXV, Issue 230, 28 September 1934, Page 4

SOUTHERN EXCHANGES.

TO-DAY IN CHRISTCHURCH. (By Telegraph.—-Special to "Star.") CiIItiSTCHURCTI, this day. Although calls this week have generally been quieter than usual, business this morning recovered some of its activity, and a fair volume of .sales was put through, both in the investment and mining sections, sellers again making concessions in the latter division. A remarkable feature of the Government section was the withdrawal of all buyers from tax free issues, which have commanded such solid premiums lately. No quotations were made cither way, and for 4 per cent stocks there was also a tendency to case, with buyers and sellers of the 1955's lowering their limits slightly, to £112 12/G and £112 15/. Weakening was again noticeable among Australian banks, with Commercials leading the downward trend. There were sales of this scrip at 16/3, more being on offer at this figure, and buyers later going 2d lower. New South Wales also looked easier, and holders came down to £32 10/ without attracting buyers nearer than 7/6 below. The Reserve Bank had business at late rates, and New Zealands showed further signs of strengthening, with buyers up to £2 8/6 and sellers at £2 9/. Insurance quotations for A.P.A. and National still went ahead, with holders' limits mounting to 11/6 for the former and-£l 0/8 for the latter. Buyers stayed at 10/6 and £1 0/6 respectively; A sharp rise was registered in New Zealand Breweries, which brought up to 5d move than last price. Christchurch Gas was very strong, especially for the contributing issue, buyers going up to 16/ and sellers staying 1/6 above that. Dunlop, Terdriaii Rubber, quoted ex dividend, dropped sharply, with one sale at 19/4 and another 3d lower, with more on offer at the last level. Wilsons Cement were very firm on buyers' and sellers' quotations, the former going up to £1 11/3 and the latter to £1 13/6. Mining transactions were fairly well maintained, though still at slightly lower levels. (By Telegraph.—Press Association.) CHRISTCHURCH, this day. Commercial Bank of Australia. 16/3; Reserve Bank. .£0 9/; New Zealand Breweries, £2 7/10, £2 8/: Beath (1/ paid), 9/6: British Tobacco. £1 18/5 (2 parcels) ; Dunlop. Perdrinu Rubber (ex div.), 19/4, 19/1; Bell Hooper, 3Jd : Big River, 1/7J ; Goldflelds Dredging, 10id (3 parcels) ; Mahaklpawa, lOd (2 parcels) ; Skippers, 7d, 7Jd ; Gillespie's Beach, 1/BJ. CHRISTCHURCH, Thursday. Goldsbrough. Mort'. £1 9/2; Broken Hill Proprietary, £2 11/5; Big River, 1/8; Brian Boru. 1/34 (2 parcels), 1/4; Goldfields Dredging, lid; Mossy Creek. 1/7 (2 parcels) ;. King Solomon, 3/1; Waltahu, Unofficial'. — Golden Gully. lOd: Argo Gold, 5Jd; Woolworths, Ltd. (ord.), £3 "A' : . WELLINGTON, Thursday. Bonds, 15/C/55, 4 per cent, £112 12/6; Consolidated Brick, 10/8; Big River, 1/7. DUNEDIN, this day.. Sales.—Bendigo Goldlight, 1/: Gillespie's, 1/85 ; British Tobacco, £ 1 18/5. DUNEDIN, Thursday. Bank of New Zealand, £2 8/4; Westport CoaV 28/2 «Wattabiv 4/6, '