ON 'CHANGE.

Auckland Star, Volume LXX, Issue 89, 17 April 1939, Page 4

ON 'CHANGE.

BUYERS HESITANT. I BANK OF N.Z. STEADY. Resuming business after the Easter vacation, Auckland brokers were chary with their offers at the first call this morning. There was no animation in any section and tho buying aide of the list had far more blanks than usual. Even Australian issues, which usually provide strong support to the market, were comparatively neglected and in the few quotations made there was a wide margin between buyers and sellers. The , only sales recorded were of Bank of Xew Zealand, which showed no reaction in tlie dividend announcement and sold unchanged at US'. Nationals of Australasia were asked for, but the limit was £12 12/6, compared with £13 5/ L.'fore the holiday. Amongst Xew Zealand industrials coal ediares were in fair, demand at lac rates. Government stocks opened ver; - quietly. The. 46-49's were quoted, ex interest, with a market between £0(S 10/ and £93. Only a few local body debentures were quoted. South British Improve. Bidding was again rather lifeless at the noon call and besides two more Kales in Bank of New Zealand's nt the morning price the only business was in insurance shares. New Zealand* were unchanged, while South British moved up 3d to sell at £2 5/a. Several Australian industrial issues came closer to business, Broken Hill Proprietary having a market between £2 18/6 and £3, and Colonial Sugars between £47 10/ and £48 10/. Generally, however, quotations were steady. AUSTRALIAN GLASS. POSITION OF SHARES. At the Stock Exchange call this morning Mr. G. R. Buttle, ex-chairman, drew attention to the position of Australian Glass shares. In connection with the recent bonus issue of eleven ordinary shares for every four shares held, it appears that scrip has now been distributed for the new issue but not for the old issue. Fqrmer shareholders in Australian Glass Manufacturers Company are entitled to shares in Australian Consolidated Industries of an equivalent number and until the scrip of these have been received shareholders in Australian Glass, said Mr. Buttle, should certainly retain the old scrip. SALES COMPLETED. AT THI 10 A.M. CALL TO-DAY— Last ••Iβ. £ s (1 £ s d Bank of N.Z. (2) 118 0 .. 118 0 AT THI 12.16 P.m. CALL TO-DAY— Bank of N.Z. (2) 118 0 .. 118 0 N.Z. Insurance . 2 IS 6 .. 2 13 6 South British .. 2 5 3.. 250