SOUTHERN EXCHANGES

Auckland Star, Volume LXIX, Issue 228, 27 September 1938, Page 6

SOUTHERN EXCHANGES

TO-DAY IN CHRISTCHURCH.

VALUES DROP SHARPLY.

WEAKEST FOR YEARS

(By Telegraph.— Special to "Star.")

CHRISTCHURCH, this day

| The Exchange markets affected by over- , seas news and by the drop in values in | Australia yesterday plunged downward* this morning and showed the weakest ■ trend for years. Only a few sales were I made. 'Gilt edgeds and banks were depressed, the only buying in the banking section being for Australasias at £10 2 6 Insurances remained weak, a buyer for -Nationals offering 15/6 with sellers 1/ above. ! A sale of Goldsbrough Morts at 26/4, was a reduction of 2d from last week ' In .breweries. Tooth's followed the \ust*ahan trend to a weaker maj&et between I I ; ™ a , n '' A New Zealand* had inquiry i at 39/, sellers 39/6. The worst sufferer's ! were Australian industrials. Sellers of Orlass shares lowered their limits to 00/ ol Broken Hill i'roprietarv to 53/9 and of Anthony Horderns to 15/9. In all rases buyers were considerably lower. Colonial 1 hujfaiw had a wide market between £44 .and £40.. I In chain stores Wool worths (Sydney) lost 2d and (J. .T. Coles were quoted j cheaper, with buyers .72/9. sellers 74/9 | Metals were inactive and quotations generally wide. The markets lay from 26/ to 28' for Broken Hill Souths, from 2.>'B to 26/5 for Lyells. from 10 6 to 10/9 for Mount Morgans, and from 42 9 to 43 6 for North Broken Hills. SALES RECORDED. (By Telegraph.—Press Association.) CHKISTCHURCH. This Day.—Clnldsbrougli Mort, 2C/4 • Woolworths (Sydney, ord). 1!»/11 • Woolworths (South Africa). 14/11. Reported • Broken Hill I'roprietarv (con.), 35/8

WELLINGTON. This Day.—Moruiug call. Stock, 194(1 4 per cent. £99 '17/6; O. J. Coles (j.ref.), £1 15/3. Reported: Stock. 1953-57 3J per cent, £93 10/: Stock, 3/39-43. Bl per cent, £99 7/6; New Zealand (iuarantee Corporation. 4/2; Taranaki (til, 12/ Noon call : Stock. 38-52, 3i per cent £99 17/6: Stock. 31)55, 4 per cent. £100 5/; New Zealand Breweries, 39/(1 (Si - G J. Coles (pref.), 35/3; Woolworths (Sydney), 19/10 J. DUNEDIN. This Day.—Sew Zealand Drugs, £3 9/.