No Sales At Opening Call On ’Change
[Special to “Northern Advocate ”l AUCKLAND, This Day.
Members of the Auckland Stock Exchange resumed business today after the Christmas-New Year vacation.
Bidding followed the trend usually noted at the first call of a New Year, buyers being hesitant to establish new values. The most notable exception was in the case of Morts Dock, which followed a lead from Sydney with a wide market from 15/6 to 17/6, compared with buyers at 13/9 before Christmas.
In the banking section buyers of Commercials were cautious with limits at 16/-, but sellers were firm at 16/9. New Zealands were steady between 40/- and 40/6.
South British opened firmly, with quotations from 41/6 to 42/6. The demand for New Zealand industrials was dull and there was again a preference for Australian issues, both Broken Hill Pty., and Electrolytic Zincs opening at higher rates. Government stocks were quiet, with only a few inquiries. There were no sales at the call. Sales completed at the noon call were: Bank of New Zealand, £2; South British, £2 2/-,
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Northern Advocate, 10 January 1939, Page 5
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179No Sales At Opening Call On ’Change Northern Advocate, 10 January 1939, Page 5
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