ON 'CHANGE.

Auckland Star, Volume LXX, Issue 210, 6 September 1939, Page 6

ON 'CHANGE.

BUSINESS RESUMED

QUIET BEGINNING

BUYERS SLOW TO BID

The Auckland Stock Exchange reepened to-day. Before commenring busiwith the usual ten o'clock call the i liairman. .Mr. Peter Savage, appealed to

members to assist in getting the market i'-ioU to normal. As far as possible they i-> "iilrl avoid making quotations that might tend to depreciate values.

1 he general tone was fairly indicated in I lie case nt the lirst. line called, namely ( i>i i'ii n€■ t«• iul Bank, which had unsupported sellers at, l.'i (i, whereas at. the noon call mi I' rnlay there w ere bu>ers at that ligure and sellers at l.i/10.

As the enll proceeded there was a full array of sellers, who, however, showed m> inclination to sacrifice their holdings, tlicir limits being similar to those of last

week. Buyers, however, were comparatively scarce, and when they did come in their limits generally were well below last week's quotations.

The strongest scitions were Insurances and (invennncnt stocks with buying offers not. greatly reduced.

I he nnly recorded sale was a parcel of Auslrnl in 11 Consolidated Industrial lights, nlilcli ( h.ingect hands at 5/, 2/ below" the ist, transaction in August. On Friday there were buyers at 6/ and sellers at 7/. Quiet at Noon. Them were no sales at the noon call, but in a number of cases the morning's quotations were readjusted, while h few more bu.v era came forward. The changes assisted in establishing a fresh market, with values generally below those ruling lipfnro vnr wan declared. As an instance Hroken Hill Proprietary shares, which wero quoted on Friday between 72/ and T.'l/fl, had sellers at 68/6 with best buyers stopping at 6fl/D. Government stocks, however, appeared steady and the March 1940-43 4 per cents h id buyers at £99 5/, 5/ above last Friday's offers. SALES COMPLETED. AT THE 10 A.M. CALL TO-DAY— Laat Mil. £sd £ e d A.C.I, (rights) . 0 5 0.. 0 7 0