ON CHANGE.

Auckland Star, Volume LXX, Issue 90, 18 April 1939, Page 6

ON CHANGE.

LIFELESS MARKETS.

BUSINESS AT STANDSTILL. SOME AUSTRALIANS FIRMER. Business came to a standstill on the Auckland Stock Exchange this morning. Bidding wns even more lifeless than yesterday nnd not a single sale wae made at the tall. In the bankins section buyers raised tlioir ofTerst to 15/10 for Commercials and £12 W)/ for Nationals of Australasia, but neither issue hnd a Keller on the market. New Zealand* were unchanged round £1 IS, , lint the 1) Mortgage iwsiic came closer to business with buyers at £1 6/ and sellers 6d hieher. Several Australian industrials were s-liuhtly firmer, buyers improving their offers'to £2 10/ for Broken Hill Proprietary. £47 15/ for Colonial Sugars, and £2 5/6 for Electrolytic Zincs. G. J. Coles were in keen request at £4 1/, with no sellers in sight. There was little interest i;j New Zeal.ind iesues, although a wider range of (Jovemment securities was quoted and 4 I>er cent 1940-43 stocks came close to business with a market between £98 5/ and £08 10/. Better at Noon. As the morning proceeded there was a moderate inquiry and a fair list of sales was put through at the noon call. A chief feature was a firming in Government sl.uck. the 40-43 issue selling at 7/6 higher at £08 7/6, while the 46-49's were virtually unchanged at £97, a half year's interest having been paid since the last sale. There was a better inquiry for bank scrip and coal shares were also in good demand. SALES COMPLETED. AT THI 3.18 P.M. CALL YESTIRDAY— i Lett ul*. £ s (1 £ s (1 Pom. Bank .... O1« O .. rt Iti O N.Z. Insurance . -' 13 fi .. 2 in e Itenown Col. ... 0 S (i .. 080 Nnt. Tlmlier ... 0 7 O .. O 7 1O Dom. Breweries 1 n O .. 1 ft 6 Colonial Sugar . 48 5 0 .. 48 12 6 AFTIR THB CALL. K.S. ft A. Bank ."» 4 0 .. 5 3 0 Renown (pref) . 0 2 6.. O 2 2 AT THB 12.18 P.M. CALL TO-DAY— Broken Hill Pty (cont.) 213 0 .. 214 3 Wilsons Cement Olβ 4 .. olβ 3 Woolworth (N. 55.) 017 5 .. 017 5 Woolworth (Syd) 12 9.. 136 Stock, 15/4/46-49 4 p.c. (ex Int.) 07 0 0 .. 00 0 0 Stock, 15/3/40-43 4 p.c 08 7 6 .. 08 0 0