Moderate Business on ’Change
[&pecral to ’‘Northern Advocate.”! AUCKLAND, This Day. In moderate business reported on the Auckland Stock Exchange to-day, a feature was a drop in New Zealand Breweries, which changed hands at 41/9, a decline of 1/3 in the last ten days. Buyers then dropped out, leaving unsupported sellers at 42/-. Dominions were also easier, with sellers at 33/9 and no buyers, while the rights had a lower market between 5/- and 5/6.
In the banking section, New Zealands were steady at 42/-, and New South Wales had firmer buyers at £3l 7/6. Australian issues had a slightly improved demand. Broken Hill Proprietary, Tooths’ and Mort’s Dock were steady at late levels, and Tobaccos sold 9d up at 49/6. Government stocks were freely dealt in at yesterday’s rates. There was a free offering of local body debentures, covering a wide range, but the only buyer was for a parcel of Auckland Transport. Buyers for Amalgamated Brick (Auckland) debentures moved up to £9B, sellers still at par. Sales completed at the noon call today wore: Commercial Banks, 16/8; National Banks, £2/12/3; Dominion Breweries, 5/-; G. J. Coles, £3/19/-; Mort’s Dock, 12/4; Marthas, 11/6; Gisborne Shecpfarmers, £lO2/10/-.
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https://paperspast.natlib.govt.nz/newspapers/NA19380819.2.115
Bibliographic details
Northern Advocate, 19 August 1938, Page 9
Word Count
197Moderate Business on ’Change Northern Advocate, 19 August 1938, Page 9
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