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Press, 1 September 1989, Page 18

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! Tender yields up I The average weighted yield of $lOO million of 91-day I Treasury bills offered for tender on Tuesday was 12.994 per I cent, the Reserve Bank said. The average yield of SIOOM of I 182-day bills was 12.989 per cent. That compares with last I week’s 12.748 per cent yield on 91-day bills and 12.846 per cent I on 182-day bills. Owens Grp holding I Owens Group has disclosed a holding of 1.75 million I JAustl redeemable preference shares in Merchant Capital L (Australia) which was placed in provisional liquidation on I August 29. The diversified transport firm told the Stock I Exchange that it had no further information to assess the likely I impact on the value of the investment. Merchant Capital, a I subsidiary of Markland House, was placed in provisional I liquidation by the Supreme Court of New South Wales. ICI paint venture Imperial Chemical Industries said its ICI Paints unit and Hong Kong’s Swire Pacific are to form a joint paint company to serve the Hong Kong and Chinese markets. The venture, ICI Swire Paints, will be 60 per cent-owned by ICI and 40 per cent by Swire. The project will involve investment of £l3 million (JNZ34.7BM) by the partners. U.S. orders up United States orders for manufactured goods edged up 0.4 per cent in June, recovering slightly after a big drop in the previous month, the United States Government said. The Commerce Department said orders for both durable and nondurable manufactured goods totalled a seasonally adjusted $U5234.6 billion ($NZ392.38) in June. In May, factory orders had plunged 2.6 per cent, and sales of new homes, propelled by falling mortgage rates, rose 5.5 per cent in June, the third consecutive monthly increase. Sales of new single family homes rose to a seasonally adjusted annual rate of 670,000 units for the month Jis the housing industry continued to rebound from a sluggth period earlier in the year.

BARCLAYS SHARE-PRICE INDEX CALL Open pstn Ex. price Prev. m/pr Opng trade High Low Price Chge Vol. Sep 89 2400 104 110 no ioo PUT 100 -4 2 16 Sep 89 2400 19 20 20 20 20 +1 2 4 FIVE-YEAR GOVERNMENT STOCK January 1989 CALL Ex. Prev. Opng High Low Price Chge Vol. Open price m/pr trade pstn Sep 89 8800 11 10 10 9 9 -2 60 424 Sep 89 8825 1 2 2 2 PUT 2 0 5 19 Sep 89 8800 3 4 4 4 4 -1 10 591