SOUTHERN EXCHANGES

Auckland Star, Volume LXIX, Issue 189, 12 August 1938, Page 4

SOUTHERN EXCHANGES

TO-DAY IN CHRISTCHURCH.

AUSTRALIAN BANKS IMPROVE.

COMMERCIALS AT 17/6.

(By Telegraph—Special to " Star.")

CHRISTCHURCH, this day

A return to active dealings marked the Stock Exchange this morning after several days of negligible business, but values were irregular.

In the banking section Australasia confirmed the strength of last week in sales up to £10 15/. closing 2/6 either side. Commercials sold 9d up at 17/6. with more wanted at the same price. Nationals of New Zealand lost ground in reported business, and were quoted from £2 11/9 J-o £2 12/6 on Change. Xew Zealands had sellers at £2 3/6 and buyers at £2 2/11.

A sale of Xew Zealand Refrigerating (con.) brought a lower rate, but fullypaids were steady between 18 7 and IS 9. Breweries dropped 3d to 42 9. and after *ales there were more sellers at that pric". Dominions had unsupported sellers at £1

In miscellaneous industrials Broken Hill Proprietary lost a little ground, but final quotations between £2 19/5 and £2 19 9 found sellers reluctant to make concessions. Contributing shares were firm. The section revealed scarcely anv other alterations. Broken Hill Souths lost lOd among the mining issueß, but Mount Lyelfe were steady. Mount Morgans appeared slightly 1 letter, with buyers at 10/S and seller's 10/7. SALES RECORDED. (By Telegraph.— Prtss Association.) CHRISTCHURCH. —Commercial Bank of AustraThU Day.—Bank of Australasia. £10 l.»/: Commercial Bank of Australia, 17 '.",; Nfw Zealand Refrigerating (10/ paid). "• New Zealand Breweries, 42/9 (:i) : Broken Hill Proprietary. £2 19/(1, (con.) £2 1/2: Electrolytic Zinc. £2 3/3 (.ii; Woolwortlis (Sydney, ordinary). £1 1/(1; Broken Hill South. K 1 11/10; Mount Lyeli, £1 8/0 (2). lleoorted : NaMonil Bank of New Zealand, £2 12/- Smith British Insurance. £2 0/9: Broken Hill Proprietary (con.). €2 0/9: Dominion, Fert.liser. £1 5/ ; McKenzies, Ltd., £3 5/. WELLINGTON. Thursday. New Zealand Guarantee Corporation. 4/0. This Day.—Bank of New South Wales. 1 £31 10/: Commercial Bank (pref.), t?) 11/3: Taranaki OH. 13/. Noon Call. — Bank of Australasia. £10 !•>/: National Bank of New Zealand. 52/: Frit and Textiles, 34/: Farmers' Trading 19/9: Broken Hill. £2 19/7J : Mount Lyell, 28/7. DL'NEDIN. Thursday.— Bonds. 15/6/52-53. 4 n.c. SlO2 : Bank of New Zealand, £2 3/5; Mount Morgan, 10/0. This Day.—Dominion Fertiliser. £1 5/. LONDON QUOTATIONS. (Received 12.30 p.m.) LONDON, August 11. Clutha Rivers. buyers 1/9. sellers l/lO'/i; Molyneux River, buyers 9d, sellers ' j i