STOCKS AND SHARES
Wellington Market Active GOVERNMENT LOANS FIRM A further hardening in the .prices of Government loans was the main feature in the market on the Wellington Stock Exchange yesterday. The firmness was seen mainly in the 4 per cent, stocks, some substantial pareels of which were sold at above par, prices showing a return, including redemption, of under 4 per cent. Banks were steady, Commercial of Australia again selling at 16/3 and New Zeulands at 40/9. Insurance shares were very firm and South British sold at the high level of 50/6. There was a good inquiry for shipping shares. Meat freezing issues were firm, New Zealand Refrigerating, whose accounts are due, being quoted at 19/9, sellers 20/3.
Other industrials were in steady demand. Broken Hill Proprietary ' were quoted ex bonus issue at 54/6, sellers 55/-. Sales were. made in Auckland at 56/3 and in Christchurch at 55/-. Electrolytic Zincs and other metals shares were very firm.
The Wellington Stock Exchange will be closed today.
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Dominion, Volume 33, Issue 97, 18 January 1940, Page 12
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166STOCKS AND SHARES Dominion, Volume 33, Issue 97, 18 January 1940, Page 12
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