Few Sellers For Govt. Stock On ’Change

Northern Advocate, 31 January 1939, Page 7

Few Sellers For Govt. Stock On ’Change

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

Following the holiday break, a fresh week opened quietly on the Auckland Stock Exchange, In the banking section, New Zdalands had a wide market between 38/ and 39/3, while the D mortgage confirmed recent weakness with a sale 1/ lower, at 26/.

Insurances continued firm. New Zealands had iresh business at 54/9, with more Wanted, and buyers of South British at 44/3 were met with sellers' reserves at 9d higher.

Amongst Australian industrials, most quotations, showed little change, but Broken Hill Proprietary improved with buyers back to 53/6, and Tooths were in demand at 53/, with no sell-

There was a moderate inquiry for Dominion miscellaneous issues.

New Zealand Drugs maintained recent improvement with fresh business at 65/3, but buyers’ offers made in most cases were conservative. Silknits were in request at 9/, with holders still asking 17/6.

Government stocks were in steady demand at about late rates, with few sellers.

Sales completed at the noon call today:—Commercial Bank prefs, £9 10/; Broken Hill Pty., £2 16/; Bank of New Zealand, £1 18/7J; Milne and Choyce, 14/3.

In the Australian tennis championships, the finals resulted:—Men’s Singles: J. Bromwich beat A. K. Quist, 64 ( 6—l, 6—2. Women’s Doubles: Misses N. Wynne and T. Coyne beat Mrs Westacott and Miss Hardcastle, 7 6—4.

Inquiries made yesterday among New Zealanders who arrived in Sydney last Friday elicited the information that no difficulties were placed by the Dominion Government in the way of travellers who wished to spend a holiday in Australia. Stores and business houses here with affiliations in New Zealand do not hesitate to change reasonable sums of New Zealand money, says a Sydney message. • • V 9 The floods receded in many parts of England yesterday, but minor roads in several areas are still blocked. The Thames continued to rise yesterday, and overflowed the banks at Windsor and elsewhere.

Bank officials refuse to disclose the sum stolen from St. Peter’s (Sydney) branch of the Bank of New South Wales, but it is now stated to be between £2OOO and £3OOO.