SOUTHERN EXCHANGES

Auckland Star, Volume LXIX, Issue 153, 1 July 1938, Page 4

SOUTHERN EXCHANGES

TO-DAY IN CHRISTCHURCH. MUCH BETTER MARKET. .METAL SHARKS BENEFIT MOST. (By Telegraph, — Special to "Star,") CHRISTI HL'RC'H. this -lay. The Kxchanjie markets followed the United States upward trend attain this niorniii);. when news of Wall Street's impiovemoiit sent several share tiriers higher. Metals were particularly buo\anl. hut industrial -. though firm, were inclined t.> wait r-'cemt of further overseas information before renewing activity once I more. There was a substantial list of buyers of Government debentures, with scarcely any sellers for the 4 per cents. Inquiry, however, showed no impro\ einent in j strength. Banks apiiiii looked a little brighter, buyers of Australian issues moving up fractionally. The insurance section continued an easing tendency, with reported business of New Zealand* and South British. Xew Zealands sold at £2 1"> 6 and more were ! offered, and South British slipped sd, to i"2 (i 4. The brewery section saw Xew Zealands sain at i' 2 3 . though buyers later dropped 2d lower. Dunedins had unsupported sellers at £1 10 . In miscellaneous industrials Tobaccos impressed with the continuance of the firm ex dividend level of £"_' 7'. compared • with the cum dividend figure of A' 2 (i ft a week ago. Broken Hill Proprietary had ! inquiry at £2 IS !». sellers wide at £3 ft 2. Instances of firm buying inquiry inI eluded Xew Zealand Drugs, whi-h were quoted from £3 S. to t'.'i 10 : Monis. for which buyers offered l!> . and G. .1. Coles, which were 3d either side of £-! 3 . Metals made another quick rise. Barriers and Lyells being the heaviest gainers. Buyers oi Morgans moved up to !> SU, Rawangs were quoted wide from S 4 ti> S Ift. Inquiry for Placer Developments at £3 16, brought no response. SALES RECORDED. (By Telegrapn.—Press Association.) CHRISTCHURCH. Thursday.—Stock. 1." ft ',"2-33. 4 per cent. K 102 ."., : K.. S. and A. Bank. V. r, : I'nlon Bank. CS "/: Standard Insurance. «2 2 1«t it; (ioUlshrotigh. Mnrt lex div.i. •l. 1 S ■!>, .CI S/S; New Zealand Breweries. CJ 2!>. £2 :t i ; British Tobacco, K. 2 7 t- pircelsl: Klectrnlvtic /inc. t 2 -■. t--2/3 (3 parcels) ; Moturoa Oil. 3/*; Wilsons Cement, lti !> ll' pareclsl: Wool worths (Svdnevl. Jul li.'s: Broken Hill I'r»|irl<" larv (new), ii 1 1.1/4 (odd lot) : Broken !llill South. '-1 13' (7 parcels): Mount I.yell, t: 1 8/3 (5 parcels); Mount Morgan. 0 / 71. This Day.—Now Zealand Breweries. £2 3/ (2 parcels): British Tobacco (ex div.i. £2 7/; Colonial Sugar. £40 Ift': Klec trolvtie Zinc, £2 2/S ; Broken Hill South.. tl 13/3 (4 parcels). £1 13/4. £1 13 '■•, t 1 13/ ft. £1 13/7: Mount Lyell, tl Si, 3. £1 !)•' (3 parcels), £ 1 !)/l. £1 ft 2 1 2 parcels): North Broken Hill (ex div ). t!i/7 (2 parcels). Reported: New Zealand Insurance. €2 15/0 (3 parcels); South British Insurance, t 2 C./4: New Zealand Guarantee Corporation, 4'4 : New Zeilaud Breweries. £2 3 : Broken Hill South, X. 1 13/1: United Building, tl 0/0. WELLINGTON. This Day. -Morning call: Electrolytic Zinc (ord. 1. V. 2 2/0: ipri'i.l. £2 '• '■> : Mount Lyell. A; 1 S/0 (2 parcels!, V. 1 s . Noun Call.—3J per cent Stock. 3 3D 43, t inn 7/0: Bank of Australasia, t: !• 14/: Bank of New Zealand, 4:2 3/: Wellington Gas (ord. I. £1 13': Colonial Sugar, tHi in/: Woolworths (Sydney), ord.. t: 1 0 15; Electrolytic Zinc (ord.). V, 2 2/7 i 2 par eels): G. .T. Coles, £4 3/3; Woolworths Holding*, 15/6. DUNEDIN. Thursday.— Stock. 13/1/33-57, 4 per | cent. £!»7 3/: Dunlop. F'erdriau. £1 0/s ; Electrolytic Zinc (ord.), £2 1/lft ; Inscribed stock, 15/11/38-52. 3J per cent. £101 5/: Broken Hill South, £1 12/1U: North Broken Hill, £2 7/1. This Dav.—New. Zealand Breweries. £2 2/1": Mount Morgan, 9/8, 0/9; North Broken Hill, £2 9/,