ON ’CHANGE.

Star (Christchurch), Volume LXVI, Issue 20476, 30 November 1934, Page 9

ON ’CHANGE.

Many Sales in N.Z. Refrigerating. RESERVE BANK UP. NO BUSINESS IN MINING SECTION. Although little interest was taken in the mining section on ’Change this morning, no business being put through at all, the investment sections of the market were moderately active, and sales were representative. More "buying offers have come in for banking scrip during the last few days, and this morning quotations were active, but business in only one issue was recorded. Reserve, which slipped recently, recovered a measure of the lost ground, and after business at £6 10s, had further unsatisfied buyers at that price, sellers Is away. New South Wales still had requests at a fraction over .£32. and sellers were offering at £32 7s 6d. The insurance section was again strong, quotations being at late rates. Selling limits for Dalgety and Co. remained unaltered at £9, and a buyer came in Is 6d below without business resulting. Sellers appeared firm at the higher level. Goldsbrough Mort gave the appearance of more stability, the market closing from 29s 3d to 29s 6d. The most active stock of the market was N.Z. Refrigerating Co., both the fully paid and contributing ussues doing good business, the former at an advanced level. Buyers finished firm at 20s 2d, sellers Id above. Christchurch Gas confirmed recent steady quotations in business which marked a rise of 3d, and there were more wanted at the sales price of 355, sellers holding out for 6d more. Two issues had dealings in the brewery section, Tooths (ex-dividend), selling at 50s 4d; and Timaru (7s 6d paid), losing 6d compared with last business. New Zealand Breweries, after steady business at 49s 3'esterday, were again in request at that rate, but sellers stayed od away. Staples were also firm w-ith a bu) r er in at 30s 9d. sellers wide away. British Tobacco failed to hold the latest rates, but were still selling at high levels. The scrip was on offer at 42s Sd at the close of business, the best buyer bidding 4d behind. Other interesting quotations in the miscellaneous section were Australian Glass, which held yesterday’s levels; and Dun-lop-Perdriau, the market for which narrowed between 19s lOd and 20s. New Zealand Newspapers buyers at 32s 9d had no response at all from sellers. Quill Morris (in liquidation) continued to creep up, and gained fractionally on buying and selling quotations; and Wool worths, Victoria (pref.C which until recently sold at 28s, were firmer with sellers at 31s, no buyers. A quiet mining section was notable mainly for the narrowing quotations of Murray Creek, sellers coming down further to 9s, buyers still fairly steady at 3s lower. Mount L3 r ell again showed an indication to firm, and Golden Dawn were also improving. Skippers remained unaltered; and Worksop Extended, despite the second dividend announcement, had no buyers in reply to selling offers at 3s sd. In the unlisted section. Woolworths. Ltd. (ord), made another 6d, and looked firm with business at 775. Procera Bread (10s paid), lost Is from last business and changed hands at 14s. New River were very active, and three parcels changed hands at an advance of id. SALES COMPLETED. The figures in the final column indicate, compared with last Christchurch sales: t a rise; - a fall: n.c. no change. TXXS MORNING'S CALL. Sale-s on ’Change. 20 Res. Bank, £6/10/- (2) .. +3d 300 N.Z. Refrig. (£1 pd.), 20/3 (2) * t3d 700 N.Z. Refrig. (10s pd), 9/11 , (4) ; n.c. 175 Christchurch Gas. 35/- (2) t3d 200 Timaru Brew. (7/6 pd.), j 7/9 (2) —6d 300 Tooths Brew., 50/4 (3) .. j —sd 100 Br. Tobacco, 42/9, 42/8 . . j —3d Sales Reported. 8300 Skippers. Sid i fid 200 Elec. Zinc, (pref.), 34/10 fid XJnuisted Stocks on ’Change. 5500 New River, 5d (4), did (3) | tid 100 Procera Bread (10s pd.) i 14/- | -1/300 W’worths, Ltd. (ord.), 77/- j t6d THREE O'CLOCK CALX. YESTERDAY. Sales on 'Change. £IOOO Govt. Stk., 1940, £lO3/10/- ! -5/20 Reserve Bank, £6/9/9 .... +6d 50 N.Z. Brews, (c.d.), 49/- .. n.c. 500 Brian Boru, 11 Jd ! +ld 100 King Sol., 3/9 i -2d 100 Mount Lyell, 17/11 ! tld Sales Reported. £IOOO Govt. Stk., 1940, £lO3/10/- , -5/100 Natl. Insurance, 21/7 i n.c. 18 Mutual Benefit. £l3/10/- . 1 50 Aust. Glass, 61/3 f n.c. 200 Mount Lyell, 17/10J (2) . tJd 1000 Skippers, 8d +Jd 100 Worksop (c.d.), 2/3 I n.c. Unlisted Stocks on 'Change. 400 Argo Gold, lid —ld 300 W’worth, Ltd. (ord.), 76/6 . (3) t6d OTHER EXCHANGES. Per Press Association. AUCKLAND, This Day. Golden Dawn, 3s. Taupo Timber, ss. Northern Steam, 6s Bd. Bartholomew Timber, 14s 6d. Auckland Gas (con.), 19s 6d. N.Z. Refrig., 20s 3d. Blaekwater. 33s 6d. Broken Hill Pty., 53s 6d. Abraham Williams (pref.). S7s. Bank of New South Wales, £32 IC-s. Colonial Sugar, £4O. Amalgamated Brick. £lO3. Government Stock, 1946, £lO5. Auckland Trotting Club, 64 per rent, * lo6 ' DUNEDIN, This Day. Reserve Bank, £6 10s. WELLINGTON, This Day. Reserve Bank. £6 9s 3d. Consolidated Brick, 10s. Skippers, Bid.

SYDNEY SALES TO-DAY.

(Received November 30, 2.25 p.m.) SYDNEY, This Day. Commonwealth 4 p.c. Bonds, 19 47, £lO9. Tooheys, 28s 9d. Anthony Hordern, 18s\ , Associated News (pref.), 25s ljd. Auto Totes (N.Z. delivery), 21s lid. British Tobacco, 42s 9d. Broken Hill Proprietary, 535. 9d. Dunlops, 20e. Goldsbrough, 30s. Meggitts, 225. TO-DAY IN AUCKLAND. (Special to the “ Star.”) AUCKLAND, This Day. An improved tone has been apparent over the last 24 hours, and a good list of sales has been put through. In the banking section, New South Wales improved with a sale at £32 10s, after which the market stood at £32 7s 6d to £33 12s 6d. Other bank lines were unchanged, and insurances also showed virtually no alteration. Colonial Sugars were fir mwith more business at £4O, with buyers still In a' 5s less, and sellers at £4l. National Timbers were quoted, ex div., between 13s 3d and 14s- 6d, and Farmers’ Trading B pref. shares, also ex div., were asked for at 13s 7d. Waihis were quoted between 37s 6d and 395. Government stocks were in fair request at late rates. YESTERDAY’S SALES. The following sales were completed in other centres yesterday afternoon Auckland—N.Z. Inscr.. 4 p.c., 1940, £lO3 7s 6d; N.Z. Inscr., 4 p.c., 1946. £lO4 1 >s; Taupo Totara Timber, ss; Colonial Sugar. £4O; Consolidated Brick, 10s; Goldfields Dredging, 73d; Skippers. < id: Wailii, £1 18s fid (2); Mataki. 2s 3d. Wellington—Bank of New Zealand, £2 Ss 6d (2): United Provisions, 9s 7d; Skippers, Bd. Sydney Stock Exchange. SYDNEY, November 29. On the Stock Exchange to-day classified stocks, especially brewery and steamship issues, were strong, but Australian Government securities were quiet as the result of an official suggestion, made in connection with the closing of the recent £15.000.000 loan, that interest rates bad t>robably touened their lowest point. This caused a sympathetic easing of gas shares. Later dealings were:— Bank New South Wales, £33 2s fid; United Insurance, £ll 6s; Mercantile Mutual Insurance, 25s ljd; A.P.A., 11s 2d; Associated News, 25s 6d; W. R. Carpenter, 41s; Aust. Gas A. £8 Is 6d ; Bri tish Tobacco, 42s 6d ; Howard Smith, 16s; Tooths, 51s: Toohey’s, 2Ss Od; Aust. Glass, 625; Dunlop Perdriau, 20s; Dalgetys Oex div.). £9; Winchconibe Carson. 28s fid; Morris Hedstrom, 16s 9d; Fairy mead Sugar. 41s 6d; Mount Morgan. 365; Broken Hill Pty.. 545; B. 11. South, 80s fid: Rawang Tin. B<s 3d; Plarer Development. £23 ss; EuratJia Gold, 6s 7d. Melbourne Sales. MELBOURNE, November 29. Coni. Bank Aust. (pref.), £10; National Bank (£5 paid), £6 4s; Taranaki Oil, 6d; Mount Lyell, 18s; North Broken Hill. £5 ss.