STOCKS AND SHARES

Dominion, Volume 29, Issue 150, 20 March 1936, Page 14

STOCKS AND SHARES

Wellington Market Firmer

INCREASED BUSINESS

1 brighter tone and a much increased turnover were the principal features of business on the Wellington Stock Exchange yesterday. Government stocks showed little or no quotable change on an active demand, but supplies were very scarce, and no business was recorded. There -was again lo demand for local body or company debentures. . Bank of New Zealand ordinaries staged a good recovery on renewed buying activity. Several sales were made at 46/-, and another at 45/10, compared with 45/9 late on Wednesday, and buyers stayed in at 45/10. Commercial ot Australia firmed to 20/5, sellers 20/8 National of New Zealand gained bd. at 74/6, sellers hardening 1/- to 76/-. New Zealand D long-term mortgage issue were easy at 28/-, sellers 29/3. Goldsbrough Morts firmed to sales late ou Wednesday at 31/4 and buyers, were in yesterday -at 31/7. Insurance issues showed no change, and South British again had sales'at 90/-. Meat freezing and woollen issues were not wanted. Huddart Parkers sold at 37/11 and 08/-, Taupiri Coals at 16/6, and Taupo Totara Timbers at 8/-. N.Z. Breweries firmed to 52/7, sellers 53/-. Tooths were easier at 52/-,. and Tooheys were wanted at 31/3. . ~ . Miscellaneous industrial and trading issues were firmer and there was a good turnover. Broken Hill Proprietary, which sold at 59/9 and 30/- late on yVednesday, hardened yesterday to 60/3 without response. Australian Glass improved to business at 83/6, and G. J. Coles moved up to 71/6.