SOUTHERN EXCHANGES

Auckland Star, Volume LXVIII, Issue 7, 9 January 1937, Page 4

SOUTHERN EXCHANGES

TO-DAY IN CHRISTCHURCH.

BREWERIES FIRM. RUMOUR OF MERGER. (By Telegraph.—Special to "Star.") CHRISTCHURCH, this day. A sharp rise from £2 17/ yesterday to £3 this morning in New Zealand Breweries shares was a feature of the Exchange call to-day. Before Christmas £2 14/ was enough to purchase this scrip, but since then rumour of a possible absorption by the company of the assets of Staples' and Company, together with a capital distribution, has brought in a rush of buying orders. No confirmation of the rumour is available, but Staples' accounts closed on December 31, and the market should learn shortly what arrangements, if any, have been come to. Other important price changes this morning included a further rise in Dalgetys to £11 12/6, compared with last sale at £10 14/. \ alues of Australian securities in the miscellaneous section maintained recent strength, buyers of Tobaccos offering £2 8/6 and for Broken Hill £4 1/P. Electrolytic Zinc preferer.ces were asked for at £2 15/4, sellers 3d away. Coles sold higher, at £4 10/3. New Zealand issues saw better buyers for Beath's at £1 3/. Shillings, Ltd., brought £1 0/6. Woolworths rose to £6 15/, with more wanted at that figure. Mount Lyells were very firm, but Morgans, at 16/5, lost 2d from yesterday's level. (By Telegraph.—Press Association.) WELLINGTON, this day. Sale.—New Zealand Guarantee Corporation, 5/4. CHRISTCHURCH, this day. Sales.—Commercial Bank of Australia (cum div.), 19/4 (3 parcels) ; Bank of New Zealand, £2 1/(5; Dalgety, £11 12/6; New Zealand Breweries. £2 19/0, £3; G. J. Coles (cum div.), £4 10/3 (3 parcels) ; Woolworths (N.Z.), oril.. £(! 15/ (2 parcels) ; Shillings, Ltd., £1 0/6 (2 parcels) ; Nemona, 1/7J; Mount Lyell, £2 0/1 (4 parcels) ; Mount Morgan, 16/5 (4 parcels). Reported Sales.—New Zealand Breweries, £3; Dunlop. Perdriau Rubber, 17/11. Unlisted.-—Woolworths (Sydney), ord., £ 8 2/6 (3 parcels). DUNEDIN, this day. Sale. —Stock (1946-49), £102 10/. WELLINGTON, .Friday. Stock, 15/3/39-43, 3J per cent. £ 101 : New Zealand Guarantee Corporation, 5 4 ; New Zealand Breweries, £2 15/6: Broken Hill Proprietary. £4 1/7J ; G. J. Coles, £4 10/ (2 parcels) ; Dunlop, Perdriau, 18/. CHRISTCHURCH, Friday. Kaiapoi Woollen (7/), 5/2; New Zealand Breweries. £2 17/ ; Australian Iron (pref.), £1 5/10; Broken Hill Proprietary. K 4 1/3; Dunlop, Perdriau. 17/11; G-. J. Coles, £4 9/5, £4 9/4; Wilcox, Moffliu, 12/3. Unofficial. —-Woolworths (Sydney), £8 0/6 (3 parcels); (West Australia), £6 17/; Selfridges (new), £1 17/6. DUNEDIN, Friday. Bonds, 15/4/4(5-49, 4 per cent. ' £ 102 10/; Stock. 15/6/52-55, 4 per cent, £ H>l 10/; Dunlop, Perdriau, 17/11 (2 parcels). Unofficial.—Woolworths (Sydney), £8.