ON ’CHANGE.

Auckland Star, Volume LXIX, Issue 143, 20 June 1938, Page 4

ON ’CHANGE.

AUSTRALIANS WEAK. MANY PRICE DECLINES. TARANAKI OILS LOWER. A feature of the first call of the week on ’Change was further weakening in Australian securities. Broken Hill Bro; prietary changed hands 1/3 lower, at £2 15/6, with more available at the sale price, while Mount Lyells were quoted ex dividend between £1 1/10 and £1 2/6. Buyers came in for Electrolytic Zinc at reduced limits, namely, £1 12/9 for the ordinaries and £1 19/ for the preferences, while Dunlops were quoted between 19/1 and 19/9. British Tobaccos also slipped further, best buyers stopping at £2 5/2, with sellers 7d higher. In the mining section Broken Hill Souths ..were on offer at £1 5/6 and Marthas at 11/3, with no buyers for either. In the banking section Nationals were firm, with a market £2 14/9 and £2 15/.9, while- buyers for New Zealands were 3d lower, at £2 3/., The publication of Dominion Breweries accounts brought buyers back to the market but with lower limits, namely, at. £1 14/, holders still asking £1 17/. New Zealands were in demand at £2, with no sellers. r Oil shares again attracted attention but the.market weakened and a sharp drop took place, a sale in the room being finalisec] at 12/9, with more available. The demand for Government stocks was not keen, and Vallies generally seemed easier. Easier Again at Noon. The market continued weak at the noon, call,, with slight reductions in buyers’ offers for a good number of Australian issues. For Broken,Hill Proprietary the market was again easier between £2 14/6 and £2 15/6, and offers for Electrolytic Zincs showed a similar decline to £1 12/6 for the ordinary chares and £1 18/6 fertile preferences. Colonial Sugars, sold at a drop of 5/, but Australian Glass were steady. ... ",. Further weakening m Taranaki Oils brought a sale and further sellers at 12/2, later buyers stopping at 11/10. In the mining sellers of Broken Hill Souths dropped back further to £1 4/6, while Mount Lyells were quoted between £ll/9 and £1 2/6. SALES COMPLETED.

AT THE 10 A.M. CALL TO-DAY — National Bank . 2 15 0 .. 2 15 0 Bank N.S.W. .. 31 10 0 31 10 0 Devonport Ferry 1 0 n ’ .. 1 0 Aust. Glass .... 4 12 6 .. 4 12 Colonial Sugar . 40 15 0 .. 47 0 0 Taranaki Oil .. ' 0 12 *5 • • 0 12 J Stock, 15/0/32-55 4.P.C; 102 0 0 .. 102 0 0 AT THE 12.15 P.M. CALL TO-DAY— Last Sa!o i 8 d. £ s d ■National Bank . 2 15 0' .. 2 15 0 Farmers' Auct. (B pref.) ' 1 1 0 .. 1 1 o Alloy Steel iAus) 0 .6 t) • • — Broken Hill .Pty.. 2 15 6 .. 2 16 ■9 Farm. Trading ■1. 1 0 1 1 0 Taranaki Oil '; .: 0 12 9 .. . 0 13 Morts Dock ...... ■ .0 10 3 . • . 0 10 -9 Wilsons Cement 040 ?4 • : 0 10 4 Stock, -Marell, <- ••. 3043 ......... 100- 2 6 .. 100 5 0