Strong Tone Prevails On Auckland ’Change
[Special to “Northern Advocate ”] AUCKLAND, This Day. Although business on the Auckland Stock Exchange was less active at the call this morning, most sections of the market maintained a strong tone. Leading Australian industrials showed further improvement, buyers for Broken Hill Proprietary moving up to £3/8/6, and sellers asking 1/- more. Offers for A.C.I. were raised to the new high level of £l/10/-, while holders lifted their reserves to £2/1/6. Woollen shares were in strong demand. There were no sellers on the market for Kaiapois or Felt and Textiles, although buyers moved up to 12/ and £l/12/ respectively. Less interest was shown in the brewery section than yesterday. Bank of New Zealands came close to business at a lower valuation, closing between £2/0/6 and £2/0/9. Nationals had firmer quotations, from £2/5/3 to £2/7/. Government securities wore moie freely quoted without material change in values. '■ Sales completed at the noon call today were:— Commercial Banks, 16/2; National Insurance, 16/1; G. J. Coles (rights), £2 12/9; Morts Dock, 16/; Farmers’ Fertiliser, 16/4; Taranaki Oils, 5/6; Mt. Morgans. 'll/4; Stock, 15/3/40/43,' 4 per cent. £9B 7/6.
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https://paperspast.natlib.govt.nz/newspapers/NA19390524.2.86
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Northern Advocate, 24 May 1939, Page 8
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189Strong Tone Prevails On Auckland ’Change Northern Advocate, 24 May 1939, Page 8
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