SOUTHERN EXCHANGES.

Auckland Star, Volume LXVI, Issue 224, 21 September 1935, Page 4

SOUTHERN EXCHANGES.

CHRISTCHURCH PRICES DECLINE. (By Telegraph—Special to "Star.") CTIRISTCHURCH, this day. The Exchange showed distinctly "bearish" characteristics this morning. A selling nervousness brought prices back sharply for a number of issues, especially Australian industrials. The downward movement was more definite than earlier, the markets closing on a weak note. A few exceptions provided bright spots. Sellers of Reserve Banks lowered their limits to £0 9/6, compared with £6 10/ yesterday, buyers dropping to a purely nominal quotation of £0. Commercials were slightly better, with buyers at 10/5. Mortgage Corporation slipped rapidly, buyers offering 5/7 and sellers asking 5/9, compared with last business at 0/4. Goldsbroughs were again weaker, with sellers at £1 10/ ii and buyers at £1 9/5. Guarantees proved the exception and rose, with buyers at 5/0. Concessions were also made. New Zealand Breweries fell to £'2 11/, and Tooth's were well down, with buyers at £2 12/6 and sellers at £2 13/0. Miscellaneous Australian issues were erratic, buyers in some cases dropping to nominal quotations. Only Australian Glass, for example, were quoted at from £3 15/ to £4 2/6. Broken Hills sold 5d lower, at £3 4/, after which sellers asked £3 3/10, with buyers at £3 3/. Zinc (ord.) fell away, with buyers at £1 7/ and sellers at £1 8/. Dunlops and Coles were the exceptions, the former being steady from 14/3 to 14/5, and the latter from £3 7/ to £3 7/0. New Zealand company shares were much steadier than Australian.

Mining shares were very quiet. Mount Morgans joined the weaker quotations, sellers being down to £ 1 16/9, with buyers at £1 15/6. Woolworths (Sydney) showed a check (buyers ottering £5 5/ and sellers asking £5 10/. Emperors were on offer at £17/.

(By Telegraph—Press Association.) CHRIST CHURCH, tills day. Sales on 'Change.—Government 4 per cent inscribed stock, 1952-55, £112 15/; Guarantee Corporation, 5/0: Chrlstchurcli Gas, £1 13/; New Zealand Breweries, £2 11/ : Waimuinu Sluicing, Oil. Reported Sales. —Mahakipawa, lid ; Broken Hill Proprietary (late sale 20th), £3 4/. CIIRISTCIIUItCH, Friday. Commercial Bank of Australia, 10/0, IG/7; (preference), £9 9/; Anthony Hordern, 19/2; Broken 1111 l Proprietary, £3 4/5; Dunlop, Perdriau, 14/4 (2 parcels), 14/3 (12 parcels); G. J. Coles, £3 7/(i; Mount Lyell, 18/7 (3 parcels); Mahakipawa, IJU (3 parcels) ; ditto (preference, 1930), 2d. Unofficial. —Argo, 1/41, 1/4; Upper Wat lit (3/ paid), 0/10 (3 parcels) ; Woolworths (Sydney), £5 3/0. WELLINGTON, this day. Sales.—l per cent bonds and stock, 1910, €102 5/; 19 10, £107 5/; 1019, £110; 1955, £112 7/0. WELLINGTON, Friday. Commercial Bank "of Australia, 10/7; Bank of New Zealand. £2 10/9; Guarantee Corporation, 5/3 i : Westport Coal, £1 2/2; Colonial Sugar, £43 10/; New Zealand Refrigerating (10/), 10/-1; Tavua Dev., 12/. DUNEDIN, this day. Sales.—Woolworths (Sydney), £5 5/, £5 0/; Gillespies. 1/2; 3i per cent stock, 1038-52, £100; 41 per cent Mount Eden Borough debentures, 1949-54, £105; Wilsons Cement, £2. DUNEDIN, Friday. Commercial Bank of Australia, 10/5; New Zealand Refrigerating (10/), 10/ l ; Waipapa, 1/0.