Auckland Stock Exchange Resumes

Northern Advocate, 11 January 1938, Page 4

Auckland Stock Exchange Resumes

[Spe'.ui To "Northern Aclvocate”l / AUCKLAND, This Day. Auckland brokers recommenced business this morning, and just by the tone exhibited at the first call, the opening must be considered reasonably satisfactory. There were, of course, many blanks on both sides of Ihe quotation lists, but bidding was fairly free for a wide range of stocks, and seemed to indicate a healthy outlook.

Values, generally, were based on pre-Christmas quotations, an exception being provided by Mt. Lyells, which had a market between £1 12/and £1 13/-, as against buyers at £1 10/6 on December 23. Most Australian issues were steady, but G. J. Coles had a lower market between £4 2/6 and £4 4/3. In the banking section New Zealand’s opened well, with buyers at £2 3/9 and sellers 5d higher, but Nationals were weak, being quoted exdividend from £2 12/9 to £2 13/6. National of Australasias opened firmly, with buyers at £7 and sellers £7 4/-. Government stocks had an. active demand with few sellers, and the Si’s, ’3B-’52 sold unchanged at £lOl 5/-.

The following sales were completed at the noon call today:—-Bank of New Zealand, £2 4/-; Birkenhead Gas, 13/-; New Zealand Breweries, £2 7/-; G. J. Coles, £1 3/6; Woolworths (Sydney), £1 3/9 and £1 3/10; Mt. Morgans, 10/6. Unlisted, Whakatane Paper. 7/3.