MARKET EASIER BUT REACTION MILD
Falls outnumbered rises by nearly two to one on New Zealand stock exchanges yesterday, reversing the previous firm trend, but general reaction to the tax measures taken by the Government on Thursday evening was mild.
Falls were mostly narrow and leaders easier. Schofield, the Auckland-based General Motors - Holden distributor, lost Is 6d to 40s—which is still four times its par value —after gaining 6d earlier in the week.
Beechey and Underwood lost Is in a first sale for nearly two weeks, and Bing Harris lost 6d to 5s 9d in a first sale for a month. Leading stocks to fall were General Foods, J. Wattie, N.Z.
Forest, South British, N.Z. Insurance and U.E.B. The two brewery concerns, Dominion Breweries and N.Z. Breweries, were both firm. Dominion Breweries rose Id to 15s 4d, and N.Z. Breweries Id to 12s 8d in Wellington
after a sale of 12s 9d in Auckland. Salmond Holdings added Is 3d to 19s in a first sale since April 20, and A.B. Consolidated rose to 4s Bd—its highest level since the end of January and 4d below its par value.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19670506.2.211
Bibliographic details
Press, Volume CVI, Issue 31362, 6 May 1967, Page 18
Word Count
188MARKET EASIER BUT REACTION MILD Press, Volume CVI, Issue 31362, 6 May 1967, Page 18
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.
Log in