ON 'CHANGE.

Auckland Star, Volume LXVIII, Issue 69, 23 March 1937, Page 4

ON 'CHANGE.

BUSINESS IS QUIET.

BANK OF NEW ZEALAND LOWER.

SILKNIT SHARES FIRM.

With the approach of the holiday season turnover on the Auckland Stock Exchange is casing off perceptibly. At this morning's call there was no business in Australian issues, and bidding for these was quiet. Broken Hills were offered 6d lower, at £4 9/, without response from buyers. Buyers came in for Electrolytic /inc at £3 2/ for tlie ordinaries and £3 3,'U for the preferences. Dunlops had a slightly better market-between £1 0/2 and £ 1 0/6, and Morris, Hedstroms were firm, with buyers at £1 10/6 and no sellers. In the banking section E., S. and A.'s sold 3d higher, at £6 10/6, with more available at that price. Sew Zealands weakened, and after a sale 6d lower at £2 3/, .the market rested betw-een £2 2/6 and £2 ' laupiri Coal shares were again in demand at 16/, and a seller came in at 18/ In the unlisted class Silknits were firm, buyers moving up to £3 2/6, with sellers at £3 In/. Government stocks were quiet, but there was fair business in local body debentures. Steady at Noon. At the noon call Commercial Banks were firmer with a market between 19/6 and 19/8, and a buyer came in for .Nationals at £3 5/. Consolidated Bricks were weaker, with sellers at 9/8 and buyers od below. A parcel of Morris, Heclatrotns became available at £1 11/. Silknits were again in firm request, and a < buyer moved up to £3 5/, with sellers steady at £3 15/. In the mining section Alexanders had their first sale since last July, gaming 6d in the interim. Loan and Mercantile were firmer, with buyers at £46 0/ and no sellers, while Mount Lyells weakened, an offer to sell at £2 10/6 bringing no response. SAXES COMPLETED. AT THE 3.15 P.M. CALL YESTERDAY— ' Last Sale. — £ s d £ o fi Bank N.S.W. .. 37 12 « 37 o A Com. Bank .... 010 7 .".' 019 6 Abraham, Wil- " liams (pref.) . 410 O .. 4 o 6 Wilsons Cement 114 » .. 115 0 Wilsoca Cement 115 O .. 114 0 UNLISTED. Coromande\ Gold 0 17.. 018 AT THE 10 A.M. CALL TO-DAY— E.S.A. Bank .. 610 6 .. 610 3 Bank of N.Z. . 2 3 0.. 2 3 6 Ak. Har. Board, • 0/7/47 (ex int) 103 10 O .. 105 0 O City of Dunedln, ' 1/4/48 105 0 0 .. — Dunedln Drain. Board, 1/4/33 105 10 O .. — UNLISTED. Coromandel Gold 0 18.. 017 AT THE 12.1S P.M. CALL TO-DAY— Tooth's Brew. . 2 16 0 .. 216 6 Elect. Zinc (prf) 3 4 0.. 3 5 O Dunlop 1 O 3 .. 1 O 3 Alexander 014 6 .. 014 O Kawang 013 7 .. 013 0 Ak. Har. Board, 9/7/39 101 O 0 .. — LONDON QUOTATIONS. LONDON, March 22. Mount Lyell, 41/10%; New Guinea, 2/4%. _______ AUSTRALIAN EXCHANGES. '/'-'" ' l TO-OAV IN BYDNCY.'f *"-; •. . <Becelved 1.30 p.m.) • ■■'"■■'"'■■ "<■''.":.' f i ' M • ) SYDNEY, this day.- . This morning's sales included:— +4 * ;•■„ £ & d Bonds, 1040, 3| p.c , 94 iO 0 ;,dMtto, 1938, 4 p.c. .102 3 9, Ditto, 1944, 4 p.c. . 102 O/O 'IJIttO,, 1947, 4 p.c, ~.. 100 17 6 Ditto, 1053, I p.c., ~,.......; 100=12 .6 Ban* of N.S.W .............. :3T17 ./ftToohey's Brewery *<~;....'..';. '■' '.-IMS, 6 Tooth's Brewery ............ 216 6 Anthony Hordern ~:...,....,. fefiLiCT Australian Glass v............■,-..-£ 4£* o: Bnrns, Phllp O .Electro. Zinc >.-3 » O ,;M«rk Foy>.i 1 » O ' ■'.'■:': .^;YEBTEBb^Y«'BpBII|BB*,;-. SYDNEY, Marcli !22. Earlier-dated Government. loans, which had risen to a point where yields were well below 4 per cent, were subjected to heavy selling pressure on the Sydney Stock Exchange to-day. Prices eased appreciably. Industrials, including Broken Hill Proprietary issues, breweries and general industries, also eased. Colonial Sugar advanced further. Business included:— „ . £, *. d. Commercial Banking Sydney 22 19 O Bank Australasia 13 7 b . United Insurance 10 13 O Tooth's Breweries ....... 2 10 » Anthony Hordern 1 1 11 Pre*. .....i......... 1 2 9 Broken Hill Pty. 1 4 90 New 4 3 0 Heury Jones 2 5 6 Lustre Hosiery 1 2 6 ■General Industries 11 3 Victoria Nyanza . 0 18 6 Broken Hill South 2 17 6 . Kawang Tin 0 13 9 The market on the Melbourne Exchange was generally quiet and inclined to be easier. Mount Morgans were easier on ' the . postponement' of a dividend until July; Sales included :— < £ e. d. Commercial Bank Australia .0 19 8 E., S. and A 6 11 0 ■ Nat. Bank A'asia (£10) . 16 3 0 Goldsbrough Mort 1 18 10J Howard Smith 1 3 9 Carlton Brewery 3 5 3 Drug Houses' 1 8 9 Dunlop-Perdriau , 1 0 8 Rilverton Trams ......... 1 18 0 G.J.Coles 5 5 6 General Motors '..... 1 4 6 Electrolytic Zinc 3 3 6 Pref. ..... ...... 3 5 0 Monnt Morgan ■> \. . 0 17 6 Mount Lyell 2 10 9 .