ON 'CHANGE.

Auckland Star, Volume LXIX, Issue 120, 24 May 1938, Page 4

ON 'CHANGE.

MODERATE TURNOVER. AUSTRALIAN ISSUES WEAK. MARTHAS STILL LOWER, i At the List call yesterday and again at the lir.-: uiie this morning business on 'Change was fairly active, but in the case or Australian securities turnover was chiefly .it, 11:<• expense of holders. At. this no.i nine's call the sliarp drop I' l '-'i.-li : c.| jo .M..1111L L,\ i lis was checked, tin if !»i'in_c lui lh. r I>u j crs at yesterday's selling (...I, CI ;; (j. sellers (jd away. J• i .k>ii l|i!l I*r<.|■ i i.'tai >s. after a reported t-.l'- .It l:» had a buyer at £3 0/3. 'I here wii' no i■ i• |uirtes l'or Electrolytic Ziue hi .In,,u i. j.. ,im| best buyers for the I'M • • en. .-1.•!. II at £2 -j (j. In lh. i:1111i11-_r .--.'i tiou Marthas touched a tieu' low level with a sale at 11/11, and A!oi „'.n, : s-.M I lower at .H 1. Doniiinon issues were steady, and I'arnieis' Trading had fresh business at £1 O fi, with the I> preferences (id lower, at £1 1, . Shares in L. limes, who recently nntilied a Irish issue of capital, chanced hands at. CI .">/, compared with £1 11/ in July, ''oyennnent stocks were firm, and the 'j2-'.jo's sold 2 0 dearer, at £104 12/6. Better Tone at Noon. The market was tinner at the noon call, and industrials were more active. Among local securities I'armors' Trading moved up 'id. to business at £1 0 0. but Auckland (»as were a traction easier. Kauri Timbers were marked up 3d. Klectrolytic Zinc preferences sold 1/3 lower than at the last transaction some weeks ago, but the price was firm on more recent, quotations. There was a slight recovery in Mount Lyclls and Mount Morgans. 13 u.vers for Broken Hill Proprietary raised their offers to £3 o'9. which was 1/ above the morning sale price, and business in Colonial Sugars showed a gain of 2/0.

SALES COMPLETED. AT THE 3.16 P.M. CALL YESTERDAY— Laat Sat*. ~_£s <1 £ n d Atirk. Gns. con. 011 4 ... 014 4 NZ- Urewnriw . 2 4 6.. 2 5 0 British Toliaeeo - 8 2 .. 2 8 6 I'nnn, Trailing . 10 6.. 10 4 Woolworth (Syd) 12 0.. 122 Woolworth (Syd) I'" 1 *-) 0 310 .. o 3 fH 1 r ' vrll 1 3 (5 .. 15 3~ Mt. Morgan .... 0 8 2 .. 0 8 3 Jit. Morgan ... 08 4.. 082 Stock. 15/ti/u2-55 t p.c 104 10 0 .. lot 10 0 Knurl 1 o 0 .. 1 0 9] AT THE 10 A.M. CALL TO-DAY— r>orn. Invest. ... 018 6 .. OIS 6 0. r,. Innos 15 0.. 111 0 Broken Hill I'ty 210 0 .. 3 0 0 Farm. Trading . 10 6.. 104 Fnrtn. Trading <B pref.) 110.. 116 Orey, Menzles . O 13 O .. 0 13 6 N. Ak, Laundry 10 0., 110 Radio 018 0 .. 010 0 Woolworth (Syd) 1 111 .. 12 0 Martha 011 11 .. O 12 0 Mt. Morgan ... 0 8 1.. 0 8 4 Stock, 02-35 ... 104 12 6 .. 104 10 0 AT THE 12.16 P.M. CALL TO-DAT— Union Hank ... 8 16 0 .. 8 16 0 Auckland Gns . 10 6.. 107 Knurl Timber . 110., 100 Colonial Sugar . 48 10 0 .. 48 7 6 1-11 eft. Zinc tprf) 2 3 3 .. 2 4 6 Farm. Trading . 10 9.. 106 Woolworth I'rop. (rts.) 0 3 10 .. 0 3 10 Woolworth (Syd) , Ist pref.) 210.. 203 N'.Z. I'nper U'ts) 0 10.. 010 Mt. Lyoll 140.. 136 Mt. Morgan .... O 8 2 .. 0 8 1 -\. Broken Ilill 2 2 0 .. 2 S 3 Stock, 1 March, 39-43, 3i p.c. . 100 5 0 .. 100 5 0 LONDON QUOTATIONS. (Received 11 a.m.) LONDON, May 23. Clutha River Company, buyers 1/9, sellers 2/; Molyneux River company, buyers 1/, sellers 1/3. War loan, 3Ms per cent, £100 17/6.