PRICES EASE ON QUIET MARKET
There was a further easing of share prices on a quiet New Zealand sharemarket yesterday. A feature of the day’s trading was the range and volume of sales of Northern Steam. The reaction of the market to the qualified recommendation of the Brierley take-over offer, resulted in 51.0(H) Northern Steam shares being sold at prices ranging from 158 c to 182 c. The largest parcel of shares, 14.000 solid’at 170 c. The five mostactive issues accounted for 46 per cent of the shares traded.
RISES
FALLS
Bid for Amoco assets Ampol Petroleum, Ltd. and H. C Sleigh Ltd, have asked Amoco Australia, Pty, Ltd. whether it would be interested in selling its assets in Australia. Amoco, which is wholly owned by Standard Oil Company of Indiana, has replied that it will review a bona fide joint offer, and then determine whether there is sufficient ground for further discussion.
New Zealand Price Var'n D Reid 200 15 E Lichtenstein 135 Freightways 140 2 Hawkins 105 3 Lanes L D Nathan debs 125 Mt Cook conv debs 185 N Steam 170 12 Odlin 77 nts 150 5 Progressive 322 *> Schofield 95 5 W Gas z/o 5
New Zealand Price Var'n c c Autocrat 2/5 5 Beaths .. 56 2 Brdld Can Timber 85 3 Cap Life 70 3 Carter Holt 248 z Challenge 210 1 Fletcher 230 - Gear 125 Gen Fin 188 Mtr Holds 78 Mt Cook 202 i Neil Holds 178 NZ Cement . . 130 NZ Forest 318 NZ Mtr Bodies 105 i NZ News 230 5 NZTS 158 Radio H 105 7 Rothmans . . 100 9 S Biolab 128 Sth Brit 267 1 Trust Ex 125 » Waitaki NZR 135 Wattie . . 96 W Horton Winstone 253 Zip 73
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Bibliographic details
Press, Volume CXVI, Issue 34099, 11 March 1976, Page 14
Word Count
289PRICES EASE ON QUIET MARKET Press, Volume CXVI, Issue 34099, 11 March 1976, Page 14
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