ON ’CHANGE.

Star (Christchurch), Volume LXVI, Issue 20484, 10 December 1934, Page 9

ON ’CHANGE.

N.Z. Breweries Firm. A QUIET MARKET. SELLERS RETICENT AT HIGH LEVELS. Two small sales in Timaru Brewery scrip, four in Worksop Extended and one each in Mossy Creek and Maori Gully were the sum total of business on the Stock Exchange this morning. Pre-Christmas trading in the next fortnight will probably be fairly small, for a slackening-off occurs on most Exchanges at this time of the year. A cable message to-day indicates that London brokers are putting through fewer transactions than usual, though markets are showing considerable steadiness, and the same thing is occurring locally, for among many miscellaneous stocks, holders’ limits are very firm on late rates, with -buyers failing to respond. The Government section this morning was practically unchanged, sellers of 1940 and 1955 stocks appearing at £lO3 5s and £ll2 10s respectively. Among the banks, New Zealand, with ex-dividend buyers offering 48s Id, and no sellers, were firmer in comparison with earlier rates; and Commercial of Australia were also well held at 16s 2d, buyers responding at 16s. Insurances were firm, and the first seller of South British for some time appeared, asking 965. Buying orders were close, only 9d behind. The tone of the Goldsbrough Mort market was again strong, limits lying between 30s and 31s, the last sale having been made at 30s 3d. Meat shares were in demand, cumdividend quotations for Gear being from 25s 6d to 265; while New Zealand Refrigerating scrip looked steady at late rates. Timaru Brewery (7s 6d paid) had dealings at an advance of 3d, and New Zealand, ex-dividend, were stronger between 49s 6d and 49s lid. Westport Coal corftinued to command high limits, sellers offering at 22s 6d, buyers 2s below. Miscellaneous stocks were very firmly held, and no put through. Amalgamated Wireless, Australian Glass, Broken Hilf Proprietary and Burns Philp were all very strong. Kauri Timber looked to be improving, but British Tobacco were still easy, no buyers replying to srUi/jg offers at 425. Mining quotations were moderately active, Worksop doing most business at stronger levels. Grand Junction were rm -with selling offers 3*- 4s lid; Mossy eek lost considerably and Nokomai re also weaker. " ' y the unlisted section, Moonlight came on the quotation list, the rket for the Is paid shares being, ers 9*d, sellers Is 9d. Woolworths, i. 1. ordinary shares were -wanted at firm rates, and sellers aske-i 79s 7d. SALES COMPLETED. The figures in the final . umn indicate, compared with last Christchurch sales: + a. rise, a fall, n.c. no change. THIS MOBHIHO’S CALL— Sales on 'Change: 200 Timaru Brew. (7/8 pd), 8/- I <2) j f3d 500 Mossy Creek, 1/9 | —4d 1000 Worksop (c. div.), 3/- £4) j —3d Unlisted. Stocks on 'Change: 300 Maori Gully (1/- paid), 1/5 [ n.c. TO-DAY IN AUCK \ND. (Special r Bidding 0;..' first of The eminent storks Hk were few offers A feature of the bun. transacted was a further rise in "Woolworths, Ltd., which changed hands at 70s and 79s 6d. after which the market stood between 78s 6d and 79s 9d. Banks wens steady with few changes. In insurances. New Zealands were steady after a recent decline, there being buyers at 66s 6d and no sellers. South British were quoted between 95s and D7s. N.Z. Breweries were quoted ex dividend with buyers at 48s 9d, no sellers. Colonial Sugars were firm between £42 5s and £43. Broken Hill Pty were also very firm from 53s to 555. OTHER EXCHANGES. Per Press Association. DUNEDIN, This Day. X.z. Refrigerating (contr.), 10s 2d. Dominion Fertiliser. 21s. X.Z. Breweries (c.d.), 49s lOd. Per Press Association. AUCKLAND, This Day. Matakl. 2s 2d. Farmers’ Trading, 7s. Taupiri Coal, 3 4s. Dominion Fertilisers, 21s. X.Z. Insurance, 675. South British Insurance. 965. Woolworths. Ltd., 79s 6d. 795. Auckland Transport Board, 4J p.c., £lO3 10s. Rural Bonds, £lO4. Govt. Stock, 35 p.c., 1938-52, £lO5. Govt. Bonds, 1955, £ll2 ss. WELLIXGTOX. This Day. Govt. 35 p.c. Stock. 1938-52, £lO6. Colonial Sugar. £43. Govt. Stock, 1949, ££lo7. LONDON WOOL SALES. LONDON, December 8. The woo! sales are progressing satisfactorily. The opening decline has been largely recovered. German competition has not been so active as was desired, but. according to the “ Economist,” it is known that some operations have been conducted on her account. An encouraging feature has been the activity displayed by France and the operations of other Continental countries have been satisfactory.

The*--** has been active buying of both merinos and cross-breds by the Home rade, and it would not be surprising if the takings by this section were the heaviest of any this ) r ear. This is proof that the trade in consuming

centres is good and that consumption is large. No doubt stocks among topmakers. spinners and manufacturers are light for this time of the year; and activity of machinery has compelled top-makers, in particular, to be large buyers* ■ - . ,