ON 'CHANGE.

Auckland Star, Volume LXXI, Issue 161, 9 July 1940, Page 4

ON 'CHANGE.

MARKET VERY QUIET. PRACTICALLY NO BUSINESS. FIRM TONK, NEVERTHELESS. Business is very quiet on the Auckland Stock Exchange m present. Only two sales were recorded this morning, while thprr were none at tho linal call yesterday afternoon. At Iho same timo, the market is firming, oiifh day showing nn iidvance over the previous ono. While buyers are pressing the: market. holders are few and aloof. Buyers for Hanks of Now Zealand, for instance, tiro willing to «ive Jj 1 19/6, which in (i<l more than the previous sale. Ifolclcrs are not tempted. Nor hnv« sellers cnme forward fur an offer of £19/ for Dominion llrpweries. The mime fnnipiirntivo absence of sellers 1R win in d'riv i'i nnicnt stocks and bonds. Two salos of these were reported this morning, but nt a minced figure. One factor in the lack (if business may bo that inventor*, who, generally speaking, hold *oitic overscan issues ti« well as local shares, are more concerned with their overseas securities nt. the minute. They wnnt to know what is Roiiiff to happen to them before they turn their attention to thp local market, which they see is finning. They urn assuming reasonably enouuh, thnt their unset* on the focal market, at least for the present, will not depreciate. THE NOON CALL. Three sales were recorded at the noon call, iind quotations generally continued their upward trend. A parcel of Bank of Now Zen lands change*! hands at £2, a rise of 1/ on the Inst sale, and of 6d on this mornine'e offer. Sellers have come forward at £2 1/6. Buyers for Now Zenlmnd Insurance have advanced to £2 10,9, but holders who wore nt £2 18/, have withdrawn. Dominion Brewery buyers have moved up 3d to £1 0/3. and a seller has come forward at £1 10/0.