ON CHANGE.

Auckland Star, Volume LXVIII, Issue 281, 26 November 1937, Page 4

ON CHANGE.

A QUIET MORNING.

AUSTRALIANS EASIER.

MARTHAS DECLINE FLRTHKR

There wns little activity on 'Change this morning, nnrl only moderate business was recorded at the first call. Fresh bidding disclosed an easing in Australian industrials. Broken Hill Proprietary changed hands (VI lower, at £2 10, 3, and Electrolytic Zincs were quoted lower. The ordinary shares were on otter at £2 0,0. with no buyers, while the preferences had a market between £2 7 0 and £2 8/. Mount Lye lls had a reported sale unchanged at ill 11 !), but at the calf buyers dropped back to £ 1 10 9, with sellers prepared to take £ 1 lit}. Mount Morgans were steady, with further business at 11/5 *nd later ((notations from 11,4 to 11/3.

The banking section was dull, with New Zealands the steadiest of the lot.

Weakness in breweries continued. Dominions were on sale at £2, with no buyers, and New Zealands had a market between £2 4 ti and £2 0/. Australian (Hass were closer to business, witli quotations from £4 4 (1 to £4 ■">/, and buyers for Hycrofts moved up to £'2 1, 3 without attracting holders. Wilsons Cements firmed up a little with buyers at 18', but Martha Mines weakened further and had their lowest quotations to date, the market closing between 12/ and 12/e. Australian Glass Decline. The market was more active at the noon call, but values were lower on the whole. In their first sale for just over a fortnight Australian Glass, at £4 5 , showed a decline of fl ti. (I. J. Coles also slipped further, selling down to £4 1/, and closing between £4 0 0 and £4 1 '3. Business in Dunlop, Perrlriau. Woolworths (Sydney I and Electrolytic Zinc showed a drop in value in each case. Strength in local loan and agency shares contrasted with the general weakness. Abraham and Williams had buyers at the advanced figure of £3 7/fl, holders asking 10/ more. Dominion Investment and Banking were also strong between 18/0 unci £1. ■AIM COMPLETED. «T TNI 9.1 S P.M. CALL YIfITOtDAV— Last Sale. < I d £ „ ,1 Bank of N.Z. .. 2 4 7 .. 2 4 « floiith British . 4J* l .. 4is .t N.Z. Breweries . 2 :t .. 2 D o Broken Hill Pty 210 1> .. 210 n Broken HHI Pty (rtghtt) 1 7 ff .. iflo G. J. Coles .... 42 « .: 44 « G. 3. Coles .... 4 2 3 4 26 Woolworth (Byd) ISO.. 170 ***~ Lyell 112 I .. 112 « Mt. Lye.U 1 M O .. 112 4 N. Broken Hill 210 O .. 2 no Atrck. Har. Brd., - 9/1/47 108 0 0 .. 100 10 O or TNI 10 JMR. UU TO-DAY— Wotp'ort, Stock' , t«».rv,■' O- 2 7 0 2 4 Broken Hill I'ty 2.11> :i .. 219 9 MeKenale* (rt».) 2 1 « _ Woolworth (Byd)' 14 0.. 1 5 O Mt- Ljr«H 111 ii .. i n O Mt. Morgan ... oil .» Oil 5 AT TNB 11.18 P.M. CALL TO-DAY— Auat.. Glass ... 4 3 0.. 411 tt Broken Hill Pty O) 2 10 3 .. 210 3 Broken Hill rty (rtn.) (2) .... 17 3.. 170 Dunlop t'erdrlau 1 1 » 12 1 Bleet. Zinc (pf) 2 7 0.. 2 8 3 G. .1. Coles .... 4 1 « .. 4 2 3 G. .1. Coles .... 410,. 4 16 Tsranaki Oil .. 0 9 4.. O 6 6 Woolworth (Syd) <») 1 4 O .. 14 0 AUSTRALIAN EXCHANGES. TODAY IN SYDNEY. (Received 2.30 p.m.) SYDNEY, this day. This morning'* mien included:— . Bond*, 3 p.c., 1048 9* 11 a" m j>l p.e., 1040 100 O O • 4 p.e., 1041 101 17 6 m „ 10i*>7 103 12 6 . •• .. i««i 104 r, o Australian Gas. A 7 « « Broken Hill Proprietary .. 3 0 0 «>"-» • I'. f>. - 17 0 Electrolytic Zinc 2 5 6 General Industries ..\ O 18 0 HuddartParkef 2 2 6 YESTERDAY'S BUSINESS. -, SYDNEY, November 25. TH© Sydney Stock was fairly active tdnlay, With generally a trteadv tone for indtwtnaJa. Mount Lyelk were much eailer. SAlea included;— Bank of New South Wales . 33 2" 0' <.ommerflaj Banking. Sydney 0 0 0 r>m " , *Trt'ir Bdnk Australia 0 17 3 Bank ol Adelaide a 4 0 Wllwi, Mofflln o io -9 Felt and Textiles 1 13 '3 (rights) .... ok 18 6 Tootka Brewery . 213 o Australian Olua • 4 5 0 M - (N'.Z. dell v.) 4 5 0 British Tobacco (N.Z. dellv.) 2 0 « Broken .Hill Proprietary ... 3 o 3 Burn*. Phllp 2 14 6 Colonial Sugar 46 15 0 Dunlop, Perdrau (pref.) .. 1 17 0 Electrolytio Zinc 2 6 0 ' „ (P'ef.) ... a 8 fl General _ Indus ttrles O 19 0 Henry Jonee 2 8 0 Woolworths (Sydney) 1 4 « Broken. Hill South 1 15 41 Mount Lyell 1 U 0 Mount Morgan 0 11 a North Broken Hill ........ 2 0 8 Placer Development 3 10 B Rawang Tin 0 10 0 On th« Melbourne market there was • better demand for long-dated loan* and industrial*. Barriers closed easier in expectation of an easier market in London. Bu«in«M included:— £ s. d. Commercial Bank Australia 0 17 2 Nat. Bank A'asia (CIO pd.) 14 0 0 Australian Glass 4 5 0 Broken Hill Prop, (rights) .17 1) Electrolytic Zinc 2 (I 0 „ .. „ , (pref.) .... 2 8 « G. J. Coles 4 1 0 Broken Hill South 1 15 0 Mount Lyell ..' 1 11 3 North Broken Hill 2 8 101