SOUTHERN EXCHANGES

Auckland Star, Volume LXVII, Issue 174, 24 July 1936, Page 4

SOUTHERN EXCHANGES

TO-DAY IN CHRISTCHURCH

"DOWN WITH A RUSH." AUSTRALIAN STOCKS. (By Telegraph.—Special to "Star.") CHRISTCHURCH, tins day

A definite reaction from recent very high prices of Australian industrial shares saw values come back with a rush on Exchange this morning. Sellers' limits were reduced substantially. Sales of Australian Glass were made at a drop of 3/3. Contributing shares i'o Broken Hill dropped by 1/6. Of business put through, two notable exceptions to reduced prices were P. and O. deferred, which rose 2/6, to sale at 9/, further buyers £1 10/, and Nemona Gold Dredging, which were 3d up, at 1/9. United Building Society eased b,y 1/ to par, with further buyers at that figure and no sellers. Sellers of Broken Hill came down to £3 13/. Coles were on offer at £3 17/6, compared with yesterday's business at £3 18/4. Morts Docks were dealt in 7d lower, Zinc quotations showed a fractional easing, and Hume Pipes had sellers at yesterday's sale price of £10/8. On the other hand,.fair support was given to a number of New Zealand company shares. Beatli's looked better, with buyers at £14/6. An inquiry for Mason, Struthers saw buyers improving their offers by a few pence. (By Telegraph.—Press Association.) WELLINGTON, Thursday. Stock, 15/1/40, 4 per cent, £101 2/6: Commercial Bank of Australia, 18/0 ; Kauri Timber, £1 3/0; Kaiapoi Woollen, 14/10 (2 parcels); Wellington Woollen, £0 5/; New Zealand Breweries, £2 14/; Broken Hill Proprietary, £3 14/2; (con.),' £ 2 15/1, £12 15/11. Unofficial.—Woolworths (Sydney), £5 14/0. WELLINGTON, this day. Sales.—Conwnercial Bank, 18/SJ ; British Tobacco, £2 0/6; Electrolytic Zinc (prcf.), £2 3/0; Dunlop. 18/61; Woolworths (N.Z.), £5 11/6; National Electric, 12/6. CHRISTCHURCH, this day. Sales. —Government 4 per cent ineribed, 1037-40, £101 5/; I'. and O. deferred stock, £10/; Australian Glass, £4 10/0; Broken Hill Proprietary (15/ paid), £2 13/, £2 12/6; Morts Dock, 11/5; Mount Morgan, 14/5 (2 parcels). Reported Sales.—-United Building Society, £1; Nemona, 1/9. CHRISTCHURCH, Thursday. Bank of New Zealand. £2 0/8; Broken Hill Proprietary, £3 13/3 (2 parcels); (eon.), £2 14/6, £2 14/; General Industries, 19/10; Hume Pipe (Australia), £1 0/8 (4 parcels) ; Gillespie's Beach, 1/31, 1/4 ; Rawang Tin, 9/3 ; Waimumu, lOd ; Upper Watut, 5/10, 6/2. Unofficial. —Woolworths (Sydney), £5 14/ (3 parcels). DUNEDIN, this day. Sales. —Consolidated Brick, 9/6 ; Government bonds (1946-40), £105. DUNEDIN, Thursday. Bank of New Zealand, £2 0/3; Dominion Brewery, £ 1 7/6 ; Broken Hill Proprietary, £3 14/.

LONDON QUOTATIONS. (Received 11 a.m.) LONDON, July 23. Mount Lyell, 21/4%; New Guinea, 4/; Bulolo, £6 2/6.