STOCK EXCHANGE.

Waikato Times, Volume 113, Issue 18849, 20 January 1933, Page 7

STOCK EXCHANGE.

THE AUCKLAND [MARKETS. EFFECT OF HIGHER EXCHANGE. Telegraph.—special to Times.) AUCKLAND, Friday. As was expected, the increase in the exchange rales was promptly reflected on the Stock Exchange, and there was a sharp rise in securities representing interests that seem likely to benefit from the alteration. Thus Waihis, which had a late sale yesterday afternoon at 19s 3d, changed hands at tins morning s call at 21s. Offers for Australian bank shares were raised. There were buyers for Commercials at 15s, while rates for New Zealand banks were unchanged. Other Commonwealth securities reflected tlie change. Sellers raised their reserves for Goldsbrough-Morts to £1 4s Gd, and for Colonial Sugars to £5 3s. Government stocks showed virtually no change. There were buyers for per cents, at £95 5s and for 5J per cents, at £lOl.

SALES RECORDED. (By Telegraph.—Press Association.) AUCKLAND, Friday. The following sales were recorded on the Stock Exchange to-day:— Waiiii 19s 3d, 2is. 21s Gd. Wilson’s Cement, 2Gs 9d. Stocks, 5A per cent., (1937), £lOl. A local broker, In conversation with a Times reporter to-day, slated that as the result of the increased exchange an advance in Waiiii gold mining and other shares, lo the extent of is was reported.