Quotes and sales
The share quotations, which are printed under the logo "closing quotes." might appear unintelligible at first, but are easily understood and serve an important purpose in guiding buying and selling decisions.
A small part of a column of quotations is shown below. The first column shows the buy quote and the second column the sell quote.
What this means then is that someone was prepared to sell ordinary shares in Ballins Industries, Ltd. at 129 c. and that there was a buyer for Ballins convertible preference shares (cp) offering 110 c.
Similarly, there were sellers in the market for
Cable Price Downer ordinary shares with bonus and dividend entitlement (cb cd), at 380 c.
Going down the column, there is a seller for convertible debentures of Canterbury Timber Products. Ltd, asking 375 c. Ceramco shares, still entitled to dividend, bonus, and rights to the cash issue, have found buyers offering 300 c, but sellers want 305 c. Buyers and sellers of Crown shares have almost met - at 218 c buv and 220 c sell they are not far apart. In fact, the same day sales of Crown shares were made at both prices. These sales are reported in the column called National Sales, and if there is a price change, this will be shown under the rises or falls.
The day's share sales, which are printed daily under the heading national sales, are equally straightforward.
AHarvev. 104.500 305. 200 306. 10.000 307; Alliance, 20.300 115; Allflex. 800 194; AMBisley. 3200 168; Anßeave'n, 800 128; ANZBankNZ. 400 310; ABar-
nett, 200 300; AEUis, 200 60; AkGas. 300 260, 200 265; Aurora, 1000 270, 3000 272 and nts, 400 290; Autocrat. 800
390;' Baillie. 100 85; Ballins, 14.400 118; Bendon. 700 200. 200 202. 300 204: BNZFin, 1300 355: Brily. 300 282. 2300 283. 2900 284,'4900 '285; BOS, 700 85. Beginning at the beginning, it means that 104.500 shares of Alex Harvey Industries were sold at 305 c, 200 at 306 c, and 10.000 at 307 c.
Ballins cd — 129 Do. cp. . . . . . 110 — Brierlev — 470 CPD cb cd ... . — 380 CFM 250 350 Do. cp 240 250 CantTinib cd ... . 380 385 Do. c debs .... — Ceramco cd cb ci. 300 305 ChGas 300 320 Ch Press .... 380 400 ColvWat 125 Comalco 200 270 Command 175 180 Crown 218 220
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Bibliographic details
Press, 19 August 1982, Page 27
Word Count
388Quotes and sales Press, 19 August 1982, Page 27
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