Firm Tone On ’Change
[Special to “Northern Advocate ”] AUCKLAND. This Day.
Yesterday’s strong demand for Australian industrials was maintained on the Auckland Stock Exchange this morning,' X several issues showing further slight improvement. General business was very quiet. Weakness in gas shares was one of the main features of the first call. Wellington Gas sold at £1 9/9, showing la drop of 1/3 since last sale in February, while Auckland Gas contributing shares, after business late yesterday at the record low. point of 10/6, had quotations round that level. The fully paids were unchanged between 16/ and 17/3. Australian and Consolidated Industries had a better market between £1 9/6 and £1 113/, and British Tobaccos, Broken Hill (Proprietary and Electro Zincs, were fully firm on yesterday’s improvement. A firm tone in local industrials was reflected in quotations for Wilsons Cements between 15/7 and 15/10; Taranaki Oils between 8/7 and 9/3; Reidrubber, with buyers -at £1 4/0 and no sellers.
Among Government stocks the recently converted 4 per cent. 1940-42 issues sold at 2/6 above yesterday’s price, but 1952-55’s had weaker sell-
ers, unsupported at £9B 17/6. Sales completed at the 12.15 p.m. call today were; South British, £2 3/9; Broken Hill prefs., £2 18/6. ’•*
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Bibliographic details
Northern Advocate, 23 March 1939, Page 4
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204Firm Tone On ’Change Northern Advocate, 23 March 1939, Page 4
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