CHRISTCHURCH STOCK EXCHANGE.

Press, Volume LXVI, Issue 20104, 6 December 1930, Page 14

CHRISTCHURCH STOCK EXCHANGE.

YESTERDAY'S TRANSACTIONS. Markets on the whole were quiet on call yesterday and business, which was restricted to a few lines, was below the average. Transactions, exclusive ot vestibule business, included : !20 Bank of Australasia. 100 Commercial Bank of Australia. 10 Bank of New South Wales. 3(0 Bank of New Zealand (cum div.) 100 N.Z. Ucfrig. (10s paid). 2DO Christrhurch Gas. 200 New Zealand Breweries. •"00 Nit. f.vell (cum div.). 501) Mahnkipawa Goldficlds. Bank of Australasia shares changed hands at £lO, sellers staying in at that price, buyers at £9 10s. Commercial Bank of Australia shares relapsed to IGs, and there were further sellers at that ficure, buyers at 15s lid. Buyers of Commercial Bank ot Sydney shares moved up to £IG 10s, sellers at £l7. National Bank of Australasia, £5 paid shares, were available at £5 6s Cd. buyers at £5 4s. Bank of New South Wales shares changed hands at £29, buyers staying in at that price, sellers at £29 7s Od. Bank of New Zealand shares, cum dividend, were firm at 52s 3d. closing quotations 52s 3d sellers, 52s buyers. Union Bank of Australia shares had unsupported sellers at £9 7s 6d. Other Stocks. New Zealand Refrigerating Company, 10s paid, shares dropped to 2s Id, market closing Is 3d buyers, 2s 2d sellers. Christchurch Gas shares were released at 25s Id, closing quotations Id on either side. New Zealand Breweries shares weakened to dealings at 41s 3d and 41s 2d. market closing 41s Id buyers, 41s 3d sellers. Buyers of Tooths Brewery shares raised their bids to 21s. sejlers at 24s Gd. Mount Lyells, cum dividend, were fractionally weaker with dealings at 20s nnd 20s Id. closing quotes 20s buyers. 20s Id sellers. Mahakipawa Goldfields shares were firm at 7sd. and there were further buyers at that figure, sellers at Bd. Okarito Gold Mining shares eased to 5s sellers, 4s buyers. AUCKLAND SUMMARY. [THE PRESS Special Service.] AUCKLAND, December 5. The past week on the Stock Kxehungo lias been one od falling prices. The general sagging movement in the market for sound stocks started toward the close of last week, and this has lioen continued right through, otuy easing slightly during the past day or to. iliven to-day. in spite of the fact that the market for a few stocks hardened slightly, falls were recorded in other directions. Gilt-edge securities are meeting with a steady demand. The banking group has suffered one of the worst reverses of the past eighteen months. Even New Zealands have lost ground, selling dt;wn to 52s 4d, compared with 53a earlier in the week anil 55s on the previous Friday. Unions, which wero ch-alt in at £9 12s at the close of last week, were offered to-daj at £9 10s without drawing a buying quotation. Commercials of Australia were also easier. The insurance section, after falls paiiy in the week, rallied somewhat at the close, New Zealands gaining 3d. Queenslands are weak, following the onnoiin"ement of a lower dividend. The principal feature of the loan and agency section has been the announcement of the passing of the interim (iiridend on Goldsbrough. Morts, the market easing Is 6d to rally slightly to-day. Other loan and acency shart have been practically neglected, with buyers showing .ittle or no interest. Coals have had steady buyers on low levels throughout. Little attention has been paid to breweries. New Zealands feeing only one sale. The market eased following the announcement of the lower dividend Tn Australian industrials falls have again predominated. Shares in sound New Zealand industrial concerns held fairly firm ear'y tn the week, a few gains being recorded, but there has heen a general sagging tendency during the past day or so.