SOUTHERN EXCHANGES

Auckland Star, Volume LXX, Issue 23, 28 January 1939, Page 4

SOUTHERN EXCHANGES

TO-DAY IN CHRISTCHURCH. GOVERNMENT STOCKS WANTED. WEAKNESS IX INDUSTRIALS. (By Telegraph.—Special to "Star.'*) CHRISTCHURCH, this day. Government stock was again in demand on the Cliristchurch Exchange this morning. *1 here were firm buyers for nino issues ranging up to £90 "for the 1040 4 per cent bonds and stock, but not one seller appealed. Consolidated Bricks had their first sale since November, and showed a rise of sd. W oohvoitlts i Sydney) chatiirod hands at the fit til rate of 21 10, and business was done in Mount Morgans at the unchanged price of 10 2. Among the sales reported there were transactions in New Zealand 1-at tilers Co-op., in which tlieie has been little business done lately, the 1940 issue selling at i.',H7 ,3 , and 19.3.3 issue at £87 10 . Auckland Gas contributing wete down 3d to change hands at 12 0. and British Tobaccos dropped steeply to fetch 47 .3. I 7 les.-. than the last saie. Although no business was done there was also a strong demand for insurance c-crip. N.itionnls were wanted at 10, 8. which is fractionally stronger than when they were quoted, buyers of New Zealand* inised their offers fid to .34'. and Standards were wanted at .31. . No sellers came forward.

In the brewery scction buyers of Dominion profs. raised their offers (id to 34 '6. but were still whip of the sellers' limit** at 3G'. New Zealands were firm from 40 0 to 41 '. and Tootli's were quoted from 5.3.'8 to .56/.

Tho fall in industrials was not arrested and there was n further drop in Bt itish Tobaccos. Buyers of Dunlops came down '2d to 20 6. and there was no sign of a firm tendency.

SALES RECORDED. (By Telegraph.—Press Association.) CHRISTCHLRCH. Friday.—Commercial Bank of Sydney (fx dir.), t: JO 11/;{; Christchureh tins. £1 .*»/; West port-Stock ton, 8/10 (3): Broken Hill South, £1 6 ; Woolworths Holdings (South Africa). 1 .">/, 14/9 This Day.—Consolidated Brick] 8/3: Wool wort lis (Sydney). 21 10; Mount Mor. gan. 10/2. Reported : Auckland Gas (con ). 12/ ft : British Tobacco. £2 17 '4; X./. Farmers' Co-operative Stock. 1949. £87 lb} X *" armers ' Co-operative, 1053, £87 WELLINGTON. Friday.—Bank of New Zealand. £IIR/3; Ley land-O'Brien. 14/9; Australian Glass. £3 7/0: Consolidated Brick. 8/3 (2): Electrolytic Zinc (pref.). £2 10/; Woolworths (Sydney). £1 1/10 (2); stock. 13/3/39-43. 3J p.e.. £99; £99 11'3: Woolworth* Holdings (South Africa), 1."/. This Day.—Reported : N.Z. Breweries. £2 1/: Woolworths (Sydnev), £1 1/10; Martha, 11/6. DCNEDIN. Friday.—Woolworths (Sydney), £1 1/10.