BRISK TRADING

Evening Star, Issue 23726, 6 November 1940, Page 5

BRISK TRADING

MORE SALES REPORTED MAINLY INDUSTRIALS AFFECTED Brisk trading was indicated by an in- : crease in the number of sales reported at the first Callover on the Dunedin Stock Exchange this morning. There were two sales ’ : on '’ciiange, both of the contributing issue of New Zealand Refrigerating Company ‘ Ltd., at 9s 3d. A further parcel of this issue was on offer at the same figure, the bid making 9s 2d. Other sales reported were at ruling values. A sale of War Loan was reported yesterday at £79 ss, and a close bid was recorded this morning. Interest is being maintained in woollen companies, a number of these being in steady demand, with sellers loath to respond. Buyers were on the market for two local brewery issues, but at low rates, which left a fairly wide margin to sellers’ offers. Interest has slackened in New Zealand mining, although a number of the Australian ventures command steady attention. SALES REPORTED. —'Yesterday.— War Loan, 1953, £79 ss. P. and 0. Stock, £1 3s 6d. New Zealand Refrigerating (paid, odd lot), £1 Os Id. . New Zealand Newspapers (ex div.), £1 <lls 9d. —This Morning.— , National Electric, 18s. National Tobacco (unlisted), £1 11s. Near Zealand Refrigerating (cont.), 9s 3d. Westport Coal, £1 2s 7d. New Zealand Insurance, £3 Os 6d. —On ’Change.— Naw Zealand Refrigerating (cont.) 9s 3d (2). ' MINING NEWS ; WHITE’S DREDGE. The following is the official gold return of. White’s Electric Gold Dredging Company Ltd. during the week ended October 31;— 220 e of gold in 140 hours’ dredging time. SYDNEY STOCK EXCHANGE Press Association—By Telegraph—Copyright ! , , SYDNEY, November ;5. The share market was. steady to firmer. ' Morning Sales.—Commonwealth. Bonds: 4 ■ p.c., 1941, £lO2 11s 3d; ,4 p.c., 1961, £lO7 13s 9d. Bank of New'South Wales, £2B 15s; Toohey’s, £1 9s 4jd; Tooth’s, £2 12s 9d; Austral Gas (A), £5 13s; British. Tobacco, £2 10s ,3d; Broken Hili Proprietary, £2 -4s 9d;, David Jones, .£1 15s 9d. Afternoon Sales.—Bank of New. South Wales, ’£29; Commercial Bank of Sydney, £l9-'lss; Associated News, 15s 9d (pref., 18s fid); Australian General Insurance,; 17s; Peters, £1 U; John M’Grath, .£1 10s 1 6d; Fairymead Sugar, £1 15s; Electrolytic Zinc, £2 12s (pref., £2,145); Mount Morgan, 9s lid; Mount Lyell, £1 9s 6d. Melbourne Exchange was closed for Cup Day. RATES OF EXCHANGE TRANSIT TIME INCREASED [Per United Press Association.) ’WELLINGTON, November 5. The Associated Banks announce that on mad after to-morrow, as a result of the longer transit times of mails to the United Kingdom, their buying rates of exchange , for sea mail transactions on London will be: I On demand, £123 12s fid; 30 days, £123 ’ 7s fid; 60 dave, £123 2s fid; 90 days, £122 17s fid; 120 days; £122 12s fid.