STOCK EXCHANGE.

Waikato Times, Volume 117, Issue 19607, 20 June 1935, Page 7

STOCK EXCHANGE.

THE AUCKLAND MARKET.

VALUES WELL MAINTAINED.

(By Telegraph.—special to Times.)

AUCKLAND, Thursday,

There has been considerable activity on 'Change over the past 24 hours and a big list of sales has been put through, covering a wide range of securities. Values as a whole have been well maintained.

At this morning’s call Government stock were in keen demand, with very little on offer and these were mostly withdrawn at noon.

In the insurance section New Zealands were steadier, between G7s 3d and 67s 9d, while South British showed a definite firmness with quotations from 97s to 995. Amongst the miscellaneous securities, the Woohvorth group was particularly firm. After business at the record price of £l2, the New Zealand scrip was in request at £ll 17s, but sellers had withdrawn. The Sydney ordinary shares had a sale at 92s 3d, after which ihe market rested between 92s and 92s 9d. Mosglel Woollens had their first local sale for a considerable period, the £5 shares, paid to £4, realising £l2.

Sales Recorded. The following sales were recorded: Big River, 2s 3d. Golden Dawn, 2s 3d. Walhi Grand Junction, 4s id. Rotoiti, 4s 9d. Farmers’ Trading, 7s 4d. Consolidated Brick, 9s 3d. Kauri Timber, 20s Id. National Insurance, 20s 6d. Auckland Gas, 26s 3d. Union Oil, 30s. Bank of New Zealand, 49s lid. New Zealand Breweries, 52s 3d, Woolwortbs (Sydney), ordinary, 925, 92s 3d. Ditto (New Zealand), £l2. Colonial Sugar, £42 10s.

THE LONDON MARKET. STRENGTH OF GILT-EDGED. NEW ZEALAND CONVERSION. United l , r?«s Assn.—Pir. To! Copyright. (Received June 20, t p.m.) LONDON, June 19. The Telegraph’s financial correspondent says the oulslanding feature to-day was Ihe strenglh of gilt-edged securities. Though prices closed below Hie best. Hie market is in good 1 rim lo absorb municipal and other issues.

The market believes dial slops are imminent lo convert. New Zealand’s £10.000.(1011 oulslanding 5 per cents., 1933-43 issue.