Business Slow On ’Change

Northern Advocate, 17 March 1939, Page 12

Business Slow On ’Change

ISpecial to “Northern • Advocate ” 3 AUCKLAND, This Day.

Business was slow, and values showed a slightly easing tendency at the morning call on the Auckland Stock Exchange. . . • Only three sales were recorded, and among these the only price changed was in Broken Hill Proprietary, which were down 6d.

Quotations for G. J. Coles were a little below yesterday’s ' levels, between £3/19/- and £4, and Australian Consolidated Industries also eased slightly. Colonial Sugars improved, however, buyers moving up to £4B/17/6, and sellers to £49/10/-. Ex dividend quotations for Electrolytic Zincs were: Buyers £2/6/6 and no sellers. Among local industrials, several issues had higher offers from buyers— Taranaki Oils 8/5, Woolworths (N.Z.) 17/, and M.K. Manufacturers 5/1. Banks and insurances were generally steady, while interest in Government stocks was a little keener.

Sales completed at the noon call today were: Taupiri Coal 15/-, Dominion Breweries £l/10/-, Taranaki Oil 8/9, Woolworths (holdings), 14/9.

Work For Young Man. A young Australian, aged 22, who appeared at the Hastings Magistrate’s Court last week on a vagrancy charge, was remanded to Tuesday’s sitting of the court. In the meantime, work was found for him by the police and on Thursday he was released to go to a job in the backcountry. When the case was heard on Tuesday he was convicted and discharged and ordered to come up for sentence if called upon. “I hope he appreciates what has been done for him .by the police,” said the Magistrate, Mr J, Miller. * * • * The Colonial Secretary, Mi* Malcolm MacDonald, was questioned in the House of Commons yesterday about recruitment for the Palestine police service. He said it was proceeding normally. The Minister emphatically repudiated a suggestion which had been circulated in some quarters that when prisoners convicted of violence were released from prisons in the United Kingdom efforts were made to recruit them for service in Palestine.