SOUTHERN EXCHANGES.

Auckland Star, Volume LXX, Issue 80, 5 April 1939, Page 8

SOUTHERN EXCHANGES.

TO-DAY IN CHRISTCHURCH.

RISE IN AUSTRALIAN*.

BROKEN HILLS ADVANCE.

(By Telegraph.— Spe.ial to "Star. if )

CHRISTCHURCH, thie day

A sharp rise in some of the more popular Australian industrials was a feature of the morning call cm the Christchiirch Stock Exchange to-day. The volume of business was fair, more than 500 shares changing hands. Buyers of British Tobaccos raised their otters 6d to 50/, but were still 6d below sellers' limits. Offers for Broken Hills were raised from 58/6 to 60/, and for the contributing remained firm at 51/, with sellers at 33/. Electrolytic Zincs also showed a sharp advance on yesterday's closing quotation, and buyers offered 47/0 for the ordinaries without response, while for the preference offers were raised 1/3 to 51/3. G. J. Coles also showed a (inner tendency. They closed yesterday with 78/(i offered, and buyers to-day were offering 80/6 with sellers at'Bl/6. Chain stores .shared in the advance. Woolworths (Sydney) being wanted at 23/1. Xew Zealand Breweries, however, were weaker.

Broken Hill Souths sold at a better price, and there was a slight advance in Grey Rivers. Mount Lyells were unchanged at 27/. Bidding was very free throughout the call, and transactions from Auckland and Wellington show that the Christchiirch market was a long way ahead of that in other Xew Zealand. Tt is thought that this stronger showing among Australian industrial*! is the expression of persistent rumours at present current regarding possible currency changes as a result of the Easter conference of the Labour party. SALES RECORDED. i'By Telegraph— l'ress Association.) CHRISTCHUnOH. Tuesday.—Stock. 15/1/53-57. 3J percent, €01 in/: Commercial Bank Australia ie/ (2i : Goldebroiijrh Mort. £19/- Kaiapoi (pref.), 14/0: Grey River. 18/31. This Day.—-New Zealand Refriscratlnjr (£1). I.")/: Broken Hill Proprietary. £3: Hume ]»ipp. l!t/<i; Broken Hill South, 27/; Mouii'f Lvoll. 21/ : Or«\v Hirer, 18/4. Reported : Colonial Sugar, £4S 10/. WELLINGTON. Tuesday.—Bank Xew Zenland, £1 IS/; H Mort.. t 1 (i/« : Burns. Pliilp. i: 3 14/0 ; Electrolytic Zine (<ird.), £'_• 0/3, £2 «/6; Wilsons CeniPiit. 10/3. Overseas: Woolworths Holdings (South Africa). 14/0. This liny.—Consolidated Rrl<-k. S/0: Blink of Xew Zealand. I) Mort £1 6/6; I ininlon Prrdrtnu. Kl 0/10. Reported: Stock. 4 per cent. 1040. £00 10/; Goldshrougli Mort. ei 0/ : South British Insurniicc Ti/.t; Xew Zealand Rofriseratlni (20/). 14/11: Colonial Sujrnr. £48 15/Wonhvortlis (Sydney). £1 3/3 (•>) Xoon cull: WnolworthM- (Sydney). £1 3/4 (2). £1 3/0; Electrolytic Zinc £•> 11/3; Woolworths Holdings, 14/10. DUXEDIN. Tuesday.—Xational Insurance, IH/S • New Zenland Refrigerating (eon ) 6/G (°) • Mount Morgan. 10/10. ' This Day.—G. .7. Coles. £3 10/6.