ON CHANGE.

Auckland Star, Volume LXIX, Issue 138, 14 June 1938, Page 4

ON CHANGE.

OIL SHARES ACTIVE. 1 BIDDING STILL KEEN. NATIONAL BANKS IMPROVE. Oil shares were again the only feature showing liveliness: on the Stock Exchange at the first, call this morning. Alter a reported .11.- ui Taranakis at 13, 3, 2d below cetcnlay'jj peak, there was a reluctance to open the bidding. The first Quotation was an offer to sell at 14 I>. followed by one at 14/0. Buyers responded furtively with an offer of 13/', then advanced to 13_6, bringing a seller of 100 shares at 14'', tTie market resting between these quotations. Meanwhile, Moturoas had a reported sale 8d up, at o, 8, with a later market between 57 and 5/11. A chief feature of the banking section was a further hardening in Nationals, with buyers up to £2 13 6, sellers 6d higher. New Zealands had their first sale since the dividend was paid, being practically unaltered at £ - .'5 9. Buyers lotNew South Wales, who bad been steady for some time at £31 5 . im ved up 2, 6. In the insurance section a parcel of Queenslands came on the market at £2 "/• Ihe miscellaneous sections were very quiet, especially Australian. Woolworths had a steady inquiry, with business at late rates. Mount 1-ye I Is, at £1 2/9, were unchanged, but Mount Morgan? continued recent weakness, with a sale 5d down, at 8/4. Buyers 14/3 for Taranakis. Taranaki Oils continued their upward trend at the noon call, and after reported safes at 13, 9 and 14/ buyers moved up to 14/3, holders asking 3d more. Australians were more active, especially the Woolworths group, which sold round late rates. Broken Hill Proprietary and Electrolytic Zincs were traded freely, following slight concessions by vendors. Recent weakness in Government stocks was reflected in two sales of 4 per cents, the 1943-46 issue at a drop of 10/ and the '52-'oo"s 5/ down. SALES COMPLETED. AT \ -'E 3.18 P.*. CALL YEB7ERDAY— Laat sal*. C«d £ « d

LONDON QUOTATIONS. (BecelTed 11.30 a.m.) LONDON, June 13. Mount Lyell, 17/6; New Guinea, 1/0%; <Bulolo, 105/. War Loan, 3% per cent, £101 17/6. Clutha River Dredging, buyers, 1/7',4; sellers, 1/10%; Molyneux, buyers 1/1%; sellers, 1/4%.

Com. Bank O 15 10 ... O 15 0 South British (2) 2 7 O .. 2 7 0 Farm. Trading . 113.. 1 1 ."» Taranaki Oil .. 0 13 5 .. 0 13 3 Bonds 15/4/46-49 4 p.c 103 5 0 M — AT THE 10 A.M. CALL TO-DAY— Bank of N.Z. (ex div.) 2 3 9 .. 2 4 9 Macky, Logan . 13 0.. 1 3 B Moturoa Oil ... 0 5 8.. 0 5 0 Taranaki Oil .. 0 13 3 .. 0 13 5 Woolworth (Syd) (2) 10 7.. 107 Woolworth South Africa (Holdings) 0 16 0 .. 0 16 O Mt. Lyell 12 9.. 129 Mt. Morgan ... 0 8 4 .. O 8 9 AT THE 12.16 P.M. CALL TO-DAY— Broken Hill Pty 2 19 3 .. 2 19 4} Broken Hill Pty 2 19 0 .. *2 19 3 Elect. Zinc (prf) 2 1 O .. 2 13 Taranaki Oil .. 0 13 9 .. O 13 3 Tar&uakl Oil .. O 14 O .. O 13 9 Woolworth (Syd) 107.. 107 Woolworth Prop. (rts.) O 3 8 .. © 3 8 Woolworth (S'th Africa) 0 16 0 .. O 16 0 X. Broken Hill 1 17 0 .. 2 2 0 Stock 15/2/43-46 4 p.c 102 lo. O «. 108/0 0 Stock, 15/6/52-55 -- 4 p.c 104 O O .. 104 5 0