Exchange Steady

Northern Advocate, 4 October 1938, Page 9

Exchange Steady

[Special to “Northern Advocate ”] AUCKLAND, This Day.

Bidding on the Auckland Stock Exchange was fairly steady at the first call this morning, but Australian industrials failed to maintain the sharp rises that occurred recently. Thus, Broken Hill Proprietaries at 55/9 were 1/- below yesterday's best price. Both Electrolytic Zincs and Mt. Lyells were marked down.

In the banking section. Commercials opened up well, with business at 16/1, a rise of sd, and more wanted at that figure. Nationals at 52/9 showed an advance of 9d on the last sale a fortnight ago, and Now Zealands were steady with a market between 42/3 and 42/9. South British and New Zealand Insurances both had business at late rates, and Taranaki Oil at IS T main-

tained yesterday’s rise. Gas shares were dull, with unsupported sellers of the ordinaries at 19/6 and cf the contributing 14/9.

In Government stocks a feature was a sale of the 52-55 4 per cent, at £IOO 10/-, compared with an odd transaction last week at £99 17/6.

Sales completed at the noon call today included; National Bank, £2 14/-; Farmers’ Trading (new), 19/6: Henry Jones, £2 8/-; Mort’s Dock, 12/-; Taranaki Oil, 13/1; Wc-olworths, Sydney, £1 1/6: Wilsons Cement. 16/8; Loloma, £1 4/9; stock, September 39-43, 3£ per cent., £9B 10/-,