LOCAL INDUSTRIES

Evening Star, Issue 23496, 9 February 1940, Page 10

LOCAL INDUSTRIES

STRONG DEMAND THIS MORNING WEST COAST GOLD DREDGING ADVANCE The steady demand for most classes of New Zealand investments continues on the Dunedin Stock Exchange, and several increases have been recorded. In. the banking section, quotations tor National Banks have undergone a steady improvement in buying quotations without any sellers coming forThe. woollen market is still very firm, and’buyers of Moegiels advanced their quotations to £lO this morning,.. representing ill© best buying quote for some time, - Broken Hill Proprietaries have likewise risen steadily to £2 13s 6d, with a seller this morning at £2 14s 3d. Donaghy’s Rope made a steep advance on'yesterday’s quotation. Most local industries are experiencing the same good demand. For National Electrics buying quotations rose to 15s 9d. There was a seller yesterday afternoon, at 16s 3d. A sale of New Zealand Paper Mills was reported this morning at £1 9s, and at the callover a buyer came in at the same figure, without, however,, evoking any response. __ • Brewery shares, and the Australian metal market, are both very steady on late quotations. West Coast gold dredging shares have provided a very strong buying market. Kanieris rose a shilling over yesterday’s quotation. : . SALES REPORTED. —This Morning.— ■ 4 ner cent. Stock, 1952-55, £lOl 10s. 4 per cent. Stock, 1946-49, £lOl 12s Properties (ord.), £1 ss. Westport Coal, £l4s 3d. G. J. Coles, £4 3s. New Zealand Paper Mills, £1 9s. • Yesterday.— Dominion Fertiliser, £1 7s 3d. Dunlop Rubber, £1 2s . G... J. Coles, £4 3s.