Business As Usual On N.Z. Exchanges
Turn-over was heavy and trading ranged fairly widely yesterday as New Zealand stock exchanges went back to business as usual in spite of the gaps on the quotation boards where overseas stocks are usually chalked. The market seemed to be settling down, although rises still outnumbered falls three to two.
Breweries continued to firm, with rises by both Dominion and New Zealand. Insurances were variable with a 6d rise to 23s by New Zealand, but South British had 5d wiped off Monday’s sharp gain to close at 30s 4d. More interest in textiles lifted this section, but Lane Walker Rudkin fell 3d to 15s 6d in Wellington sales.
Reappraisal of motor distributors was reflected in 6d rises by Magnus Motors at 10s 9d, Manthel at 22s 9d, and Motor Holdings at 13s 9d. Fletcher, down 3d at 19s 3d, General Foods, down Id at 16s, J. Wattie, down 3d at 19s 6d, and N.Z. Forests, down Id at 24s 9d, were among the leaders to lose ground. Ross and Glendining fell Id to Ms Id, but United Empire Box rose Id to close at 10s lid.
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Press, Volume CVI, Issue 31092, 22 June 1966, Page 17
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192Business As Usual On N.Z. Exchanges Press, Volume CVI, Issue 31092, 22 June 1966, Page 17
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