’Change Quiet
I Special to “Northern Advocate:’! AUCKLAND, This Day. Business on ’Change was very quiet this morning, and only four sales were recorded at the first call. Bidding was steady, but lacked .animation in all sections. In • the banking class, Nationals showed further weakness, with sellers at 52/6, buyers unchanged at 51/9. New Zealands were steady between 43/4 and 43/6, but the D Mortgage shares eased with a market from 29/6 to 29/9. Australasias were on offer at £ll, and a buyer came in at £lO 5/-.
In Breweries, the only change was in Tooths, buyers moving up sharply to 56/-, with sellers still holding off. In the miscellaneous sections, there were few changes in quotations ’either for Australian or New Zealand issues. There was a steady demand for a wide range of outside mining issues, but no business resulted. Government stocks show little alteration.
Prices at the noon call were; National Banks, £2 12/3; New Zealand Insurance. £2 16/6; Westport-Stock-ton, 5/2; Kaiapoi Wool, 10/3; Farmers’ Trading, 19/9; N.Z. Paper Mills, £1 2/9; Waiternata Power Board. £lO4.
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Bibliographic details
Northern Advocate, 9 August 1938, Page 5
Word Count
178’Change Quiet Northern Advocate, 9 August 1938, Page 5
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