AUCKLAND STOCK EXCHANGE

Northern Advocate, 18 August 1936, Page 6

AUCKLAND STOCK EXCHANGE

BANK OF N.Z. DROP [Special to “ Northern Advocate .” 3 AUCKLAND, This Day. Following a busy, call yesterday afternoon, business on the Stock Exchange was quiet today. The banking section looked better, with more buyers than for some time. Australasias sold 1/ up, at £ll 18/, and Commercials were quoted higher from 18/ to 18/3. Buyers for New South Wales moved ujp 2/6 to £32 10/; no sellers. New Zealands were steady from 39/ to 40/. Buyers for South British advanced 6d to £4 9/4, sellers asking £4 11/-.

Gas shares were offered Id lower at 23/10.

A feature of the call was a sharp rise in P. and O. deferred stock, buyers moving up from 29/6 to 32/without attracting any holders. Amongst Australian issues buying offers for tobaccos were advanced to £2 0/10 and for Colonial Sugars to £42 15/. G. J. Coles steadied again, and, after a sale 6d lower, at £4 4/, there were still buyers at that figure. In Government stocks the only offering was a parcel of 46’s at £ 104. A reduction of 3d in the value of Bank of New Zealand shares, following recent steadiness, was the feature at noon. There was further scrip available at the new figure, and buyers' stopped at 39/. This is the lowest recorded for Bank of New Zealand shares for a very long while. Commercials had holders’ quotations raised Id. Adjustment in the insurance section resulted in buyers of South British moving up 3d, while New Zealands had revised limits of £3 2/ and £3 2/6.

Among industrials there was a strong demand for Australian issues offers being raised for Glass, Tobaccos Broken Hill and Zinc. Coles appeared .a shade easier. New Zealand securities were neglected. Wilsons’ had quotations reduced 3d on both sides.