FIRMER TONE IN ACTIVE SHARE TRADING

Press, Volume CIX, Issue 32127, 24 October 1969, Page 14

FIRMER TONE IN ACTIVE SHARE TRADING

The high volume of trading was maintained on New Zealand stock exchanges yesterday, while the market tone became stronger, with rises shading falls, and leaders slightly firmer. Only the overseas list was a little easier.

Movements were small, for Motor Traders, which gained 127 c to 215 c, on the news of | the profit increase and the 1:4 (bonus issue. Tasman Pulp I lost 10c to 1270 c. ! .Exploration issues were! (steady or better; Consolida-I ted Silver gained another 2c. i Ito 150 c, and in Wellington! traded up to 155 c. N.Z. Forest Products. I Wrigbt, Stephenson. New Zea-I land Breweries, New Zealand! I Newspapers and Fletcher all! (firmed, but Dominion BrewJeries and J. Wattie Canneries, (eased, as did Forest rights! (and South British Insurance.! Alliance. Marlin Carpets, Waitaki, Wilson Cement, and S.F.M., all of which have been rising steadily lately, made further good gains. New Zealand Refining lost another sc, to sell at 470 c. B.H.P. finished the day at a steady 1760 c. although other exchanges recorded lower prices. Dunlop Australia, in first trading for some weeks, put on 30e to 236 c. The company has carved out a strong position in the Australian and New Zealand textile industry.

RISES NEW ZEALAND Price Var’n Alliance (D) 87 •> Beach fp (C) 420 20 CPD W) 142 1 Chf h Gas (C1 .. 88 1 C Silver (A) .. 150 2 Cred Serv (W) ,. 127 DIC* (C) 184 1 Dom Fert (D) .. 155 o Fletcher (A) 106 •> Gen Fin rts (A) 00 1 J Rattray (D) .. 192 KPG (C) 49 1 Marlin (C) 435 s M Traders <A) .. 215 27 NZ Brew (W > 147 1 NZ Forest < A > .. 365 1 NZNews(W) .. 475 5 R Rubber (A) .. 355 3 Rheem (W> 162 2 SFM (D) 190 □ SFM rts (D> .. 60 7 Sth Cross (D) .. 73 7 Taupo (A) 160 1 Waitaki (C) 215 S W Cement (A) .. 233 4 W Steph (W) 138 1 NZ Towel Sup (C) 143 2 OVERSEAS CBA (A) 300 n Dunlop (A) 236 30 Coles (C) 135 z Sleigh (A) 112 2

FALLS NEW ZEALAND Price Var'n A and Beaven (D) c. 183 Ballins (C> 125 2 Bell (A) 183 K B Harris (C) 62 1 CFCA* (C) 100 2 C Brick (Al 260 Dom Brew (A) .. 175 1 FTC (A) 112 1 FAC (Wi 123 1 Gen Foods nts (C) 105 1 Wattie (W) 171 1 Wattie Cont (A) 116 1 KP Drug (A i 160 4 M Choyce (W. .. 51 Mosgiel (D) 145 3 NZ Forest rts (A) 112 3 NZ Refining (A) 470 5 N King* (W) 94 Pye (A) 62 3 R Holt (A) 104 1 S’brook (A) 169 1 Sth British (A) .. 557 1 Tasman (A) 1270 10 Unit Sub (Al 77 1 OVERSEAS Bounty (W» 10 3 .EZ Ind (Cl 465 12 Lloyds Bank (Cl 720 20 ;Peko (W) 1150 10 | Waltons (C) 135 3 *E.v Dividend.