Improved Tone On ’ Change
ISpecfal to “Northern Advocate."] AUCKLAND, This Day.
Yesterday’s improved tone was maintained at this morning’s call on the Stock Exchange, Australian issues holding the latest advances. In the banking section, Commercials gained another twopence, with business at 16/2, more being available at that price. The preferences were in demand at £9 6/, with no sellers. Glass shares had further recorded business at 97/6, after which buyers dropped out, leaving unsupported sellers at 98/. Dunlops confirmed yesterday’s firmness 'and sold 2/1 up, at 22/. There was keen bidding for Barrier stock also for Mt. Lyells and Electrolytic Zincs. North Broken Hill made the biggest advance, with a market between 50/ and 54 / ; but Zincs were priced 'a little lower. Government stocks were steady at about late rates. Dominion miscellaneous issues were quiet and steady. Sales completed at the noon call today included: Commercial Banks, 16/2; Bank of New Zealand, £2 3/;
United Building, £1; Broken Hill Proprietary, £3; Waihi, 9/1; Mt. Morgan. 10'5 to 10/6; Grand Junction, 2/10J.
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https://paperspast.natlib.govt.nz/newspapers/NA19380708.2.40
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Northern Advocate, 8 July 1938, Page 5
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171Improved Tone On’ Change Northern Advocate, 8 July 1938, Page 5
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