SOUTHERN EXCHANGES

Auckland Star, Volume LXVIII, Issue 5, 7 January 1937, Page 4

SOUTHERN EXCHANGES

TO-DAY IN CHRISTCHURCH

PROMISE OF BRIGHT TRADING. BANKS START WELL. . (By Telegraph.—Special to "Star.") CHRISTCHURCH, this-day:; Promise of bright trading^at--buoyant', prices -was shown when' thc/.Jlxchaiige held its first call of the year this'.lnoruing. : Australian. Exchanges., had opened strongly, and local reflection of the firmness; resulted in several sales-at values considerably stronger than pre-Christmas rates. " - / '"„' ,' ~'. . -: -Banks started weU'with a rise of 3d in Commercials,.to 19/5; but Unions, with a higher dividend just announced, remained atx-'la'st year's levels, buyers offering £10 3/;\ scllers-u/.. higher: Jfew Zcalamls hiid no'sellers when buyers came in at £2 1/3. :The .'strengtli of.: wool prices' influenced Goldsbrough, -.Morts and Dalgetys. The former sold 2/8 higher, at £1 18/; and the latter were .quoted firmer/between '£10 15Aahcl.'£ll'7/6.. ■■ •, -•••;. ■ • •:• "• Breweries lacked interest,'buyers of New Zealands being at £2 13/9. ; Tooth's, howr ever, showed an improvement,'.' the market closing between £3:16/"and"£2 17/. ,'/. lii the. miscellahcbus sectibir'Australian industrials .led:.:.the/ way. Tobaccos 'had inquiry up to £2 8/6; with-Zinc preference risiug.. by 3/1, -to. sale -' and ' further buyers at £2-15/3. Broken Hills, however, slipped a little. ' Sellers V asked £4 0/6, compared svith' £4":2/s,Tlast':j-eai ; . ' Other' : Australians were steady. /. New/Zealand" issues- had cood support but no activity. Shillings finished witli a market'from £1 0/6 to-£1 l/ 6. Wool-worths-were asked for at £6 .'2/6. Lyclls and Morgans started the.year at improved ratesj-the former rising 1/9, being -wanted at the.close at'£l 10/10;. sellers. Id away. Morgans had a market between 16/9 and 16/11. - '•'■'.■■; /, In the unlisted: issues Wool worths (Sydr ney, ordinary) again showed an upward tendency,' selling 2/ higher, at £7 18/. .Selfridges (old) were the only issue on the list to record sales at/a reduced figure. .(By Telegraph.—Press Association.) . -/ , . CHKISTCHURCH, this day. Bank of Australia, 10/5; Goldsbrough. Slort, £1 IS/; Electro. Zinc (pref.). £2 15/3 (4 parcels) : Mount Lyell, £1 10/9 (4 parcels). Unlisted.—Selfridges (Australasia, old), £ 1 18/ (3 parcels) ; Woolworths, Limited (Sydney), ord.,. £7 IS/. ' DUXBDIN, this dayi / Sales.^—Broken Hill : Proprietarv, £4 0/6; G. J.. Coles, £4 9/6./ — ■■* ■.• WEDUXGTOJi, this day ...Sales.—Commercial Bank, -19/6: G. J. Coles, £.4 9/6. .' : ;.•'■-_