ON ’CHANGE.

Star (Christchurch), Volume LXVI, Issue 20544, 20 February 1935, Page 9

ON ’CHANGE.

Banking Section Steadier. BREWERIES DOWN. STILL SOME CONCESSIONS BY SELLERS. Quiet conditions still ruled on 'Change this morning, the main features being a further small drop in prices for New Zealand Refrigerating scrip and a further fall of 6d in Staples Brewery. Australian issues were again weak, but there were signs of a check in several instances. The Government section was quiet, with unsupported buyers in for most of the 4 per cent issues. Greater demand for local body and municipal debentures has been made lately, and business was reported this morning in Christchurch Tramway Board, 4$ per cent, 1954, at £lO5 10s. The banking section seemed to have reached its lowest rates,. and some issues were inclined to firm again. Commercial of Australia were steady with business and further buyers at 16s 3d. The market for Commercial of Sydney again improved, and the seller who at recent calls offered at £l6 2s 6d disappeared, quotations closing between £l6 and £l6 10s. National of New Zealand were still very weak. New Zealand seemed to be settling round 49s 6d, and the market for Reserves was steady from £6 9s to £6 10s. New Zealand Refrigerating shares fell away slightly, the contributing scrip selling at a reduction of 2d, the market closing with further sellers at 9s Id. For the fully-paid shares quotations were, buyers 19s 3d, sellers 19s 7d. The brewery section was quiet, Staples changing hands at a drop of 6d compared with yesterday’s business, and the market showed buyers 30s 9d, sellers 31s 6d at the close. Tooths were again weaker, and New Zealand stayed round late rates. Amalgamated Wireless (14s paid), cum dividend of 4 per cent, had easier quotations, and Colonial Sugar followed Sydney prices, the market closing from £39 5s to £4O ss. New Zealand Drug Co. scrip was firm, and Kauri Timber, which have been the only Australian stock not to ease in recent calls, still had buyers at 19s 4d, sellers at 19s 9d. In the mining section, Mount Lyell were most active, with Goldfields Dredging also selling freely'. Rawang Tin lost a point since yesterday, closing with further sellers at the sales price of 7s lid. Mahakipawa looked easier with offers to sell at lOd, and buyers Id lower. Waihi were stronger than ever, the market closing from 40s to 41s. In unlisted stocks, Macetown and Upper Watut had dealings, the latter at a drop of several pence. SALES COMPLETED. The figures In the final column indicate, compared with last Christchurch sales: t a rise, - a fall, n.c. no change. TF ’.IS HOXHXVO’S CALL. Sales oa ’Change: 100 Com. Bank Auat., 16/3 .. —ld 200 N.Z. Refrig. (10s pd.). 9/1 -2d 200 Staples Brew., 31/- (2) —6d 50 Broken Hill Pty., 50/3 . . -2/3 800 Goldfields Dredg., 8d (2) n.c. 200 Mount Lyell, 17/7 (3) .... n.c. 50 Rawang Tin, 7/11 —ld ■alas Reported: 400 Big River, 2/3 I n.c. £SOO Ch.ch. Trams, 41 p.c., ] 1/8/54 (late sale 19th>, £lO5/10/- I 125 Com. B- of Aust, 16/4 .. | n.c. ValftsteA Stocks on ’Change: 200 Macetown, 1/3 ....» I —ld 200 Upper Watut, 6/4, 6/3 . . | -4d TXUI O’CLOCK CALL Y2STBIDAT. ■elea on ’-Change—--13 Reserve Bank, £6/10/- .... n.c. 100 N.Z. Brew., 50/4. 50/3 -Id 500 Big River. 2/3 (2) n.c. 200 Golden Sands, 3/3 -6d 1000 Goldfields Dredging, 8d .. -Id 700 Maori Gully, 1/4 n.c. 500 Skippers, 5Jd —id galea Reported—--100 Waihi, 40/- I n.c. 500 Skippers, 6d I n.c. 1500 Maori Gully. 1/4 i n.c. 200 Staples Brewery, 31/6 . . | n.c. 100 N.Z. Refrig. (10/- pd.), 9/3 n.c. 50 Nat. Bank of N.Z., 69/3 . . | -3d £6OO Ch’ch. Drainage, 4| p.c., 1955, £lO7 | 10 Reserve Bank, £6/10/- .. f n.c. OTHER EXCHANGES. Per Press Association. WELLINGTON, This Day. Sales on ’Change.— Dunlop Rubber, 18s sd. N.Z. Guarantee Corpn., 6s. Govt. Inscr Stock (1949), £lO7 12s 6d. DUNEDIN, This Day. Sales reported— Christchurch Trams, 41 p.c., debs., 1954, £lO6 12s 6d. Napier Borough, 4i p.c. debs., 1958. £lO5 ss. N.Z. Refrigerating (cont.), 9s 3d. Wright, Stephenson (pref.), 20s. N.Z. Farmers’ Fertilisers, 18s 9d date yesterday). Nokomai, 2s. AUCKLAND, This Day. Sandford, 3s. N.Z. Refrig, (contr.), 9s 3d. Kauri Timber, 19s 4d. Robinson lee Cream, 245. Northern Roller Mills (pref.), 26s 6d. Wilson.'* Cement, 34s 3d. Waihi, 40s 9d. Christchurch Drainage Board, 4| p.c., £lO7. TO-DAY IN AUCKLAND. (Special to the “ Star.”) AUCKLAND, This Day. The Stock Exchange opened business this morning quietly and only three sales were recorded at the first call. The market tone was inclined to dullness though values were fairly steady. Commercial of Australia were easier between 16s 2d and 16s 4d r and Bank of New Zealand were steady between 490 7 A and 50s. Buyers are coming in again for insurances, but With lower limits. Standard were still In demand at 71s 6d, but for New Zealand the best, offer was 65s 9d. and for .South British 945. There were no buyers for ' reweries, and New Zealand wi-re on offer at 51s, Dominion nt 37«* ar.d .Staples l at 325. markeWith nzteirniiohsi between 40s fid and i r >9 9d (a new high level). In Clocks, the decline in 1940’s seemed to be .-heclied. as there were still buyers at £lO2. j