SIGNS OF RECOVERY AMONG NEW ZEALAND INDUSTRIALS

Press, Volume CIX, Issue 32233, 27 February 1970, Page 16

SIGNS OF RECOVERY AMONG NEW ZEALAND INDUSTRIALS

RISES New Zealand Price Var’n

Gas company shares showed more strength, with rises of! 10c to 190 c for Wellington Gas and 3c to 188 c for Auck-| land Gas. Bonds firmed 10c to 210 c on its profit report, and Grace put on 4c to sell at 58c. The large rises were made by Dun lop and Schofield, which sold 30c higher, while Crothalls added 15c at 335 c. Wilsons Cement rose 5c to 300 c again, while Winstone—one of the bidders for Wilsons—fell another 3c to 145 c. Leaders were mainly steady, but Alex Harvey continued to take losses, falling 10c to 450 c yesterday. This brings it back

Some second-line industrial shares rallied yesterday, and the New Zealand sharemarket ended the day with falls only slightly ahead of rises. Mining stocks continued to slide, but L and M Oil recovered 10c to 210 c.

11 almost to its Christmas price, 'land is 50c below its peak early 11 in January. ■| Allied Concrete eased an I other 20c, to 280 c, still 80c ' above its level before the re- • cent leap, and Northern Steam ! fell back to 90c, a loss of 7c. I A handful of issues, includ- • ing Brierley, suffered 5c falls, but generally the losses were ) smaller than this. Prestige • and McSkimming retreated. • and Truth fell 2c to' 296 c. Boral and B.H.P. were , strong on the overseas list, ) but Mount Isa sold 30c down : at 1700 c and Offshore Oil lost t another cent to 11c.

c c Bisley (A) 101 1 And Bvn (A) .. 160 5 Ak Gas (A) 188 3 Ajax (A) 147 5 Ballins (C) 124 1 Bonds (A) 210 io C Brick (A) .. 270 3 Crothall (C) 355 15 D and Med (W) 250 5 D Brew (A) 168 1 Dunlop NZ (W) 370 30 Early (A) 195 5 Feltex (W) 471 1 Grace* (A) 58 4 I W Dow new (W) 173 7 Marac (A) 230 5 M Hold (A) .. 105 V M Spec (A) 170 1 Morr Pirns (A) . 350 5 Cook new (C) .. 215 5 Nat Ins (D) 465 5 NZ Brew (W) .. 144 1 Mot Bod (C) .. 98 3 News (A) 470 5 Holt (A) 106 1 Schofield (A) .. 550 30 S Tube (D) .. 240 5 Tapp (A) 235 1 Wn Gas (W) .. 190 10 W Cein (A) 300 5 1. and M Oil CO 210 8 Cooper (A) 100 10 Overseas ACl (A) 245 5 Boral (W) 240 15 BHP (C) 1820 55 Wwths Syd (O 129 6 FALLS New Zealand Barnett (D) 205 5 Harvey (A) 450 10 Alliance (C) 93 1 Allied (D) 280 20 Assoc Mot (A) .. 32 1 BNZ Fin (W) .. 240 5 CPD (A) 138 2 Carter (A) 142 1 Begg (W) 53 1 CMI (W) 134 1 C Plastics (A) .. 248 2 G P Rent (W) .. 155 3 Ind Chem (A) .. 135 20 I W Dow (W> .. 177 3 Niven (W) 174 2 Wattie (A) 174 1 Lanes (W) 100 3 McSkimining (D) 125 5 Mason (A) 98 2 Med Chain (W) 420 5 Choyce (A) 60 1 N Steam (A) .. 90 7 Forest contr (A) 282 3 NZ T S (A) 172 1 Prestige (W) .. 125 5 PTY (A) 233 2 R Hellaby (A) .. 270 2 Rothmans (W) .. 222 2 Taupo (A) 182 3 ” nts (W) .. 115 2 Truth (W) 296 9 UEB (A) 165 3 ” nts (A) 156 2 Winstone (A) .. 145 3 W Steph (W) .. 132 1 C Silv rts (A) .. 55 1 S C Min (A) .. 205 15 Waihi contr (A) 85 9 Brierley (C) 400 5 Overseas Hooker (C) 103 3 Lifesavers (W) .. 198 9 Mt Isa (W) 1700 30 Offshore (W) 11 1 * Ex dividend.