STOCKS AND SHARES

Dominion, Volume 32, Issue 155, 27 March 1939, Page 12

STOCKS AND SHARES

Markets Dull And Easier FLUCTUATIONS IN PRICES Business was dull on the New Zealand stock exchanges last week, the dramatic qua rch of events in Europe being the chiet Influence affecting the minds of investors The markets were generally depressed and price movements were irregular, price rising on Tuesday, only to relapse next day. The volume of trading was small and was confined mainly to gilt-edged securities and leading Australian shares. ' A moderate turnover was made in Government stocks, which kept at a steady level A definite indication of the Government’s intentions in regard to an internal loan is being looked for by investors but so far the Minister of Finance has been reticent. Banks were quiet and generally easiet, except National of New Zealand, which showed a further improvement to 4//b. New Zealands were a little lower. Insurance issues were quiet and inclined to weakness, except South British, which picked up slightly. Pastoral and finance shares were neglected. New Zealand industrials were slow. New Zealand Refrigerating closed at 15/-. Auckland Gas weakened to 10/9Wellington Woollens were steady on business at £5. There was very little doing in breweries. Timber issues were quiet but slightly firmer. Australians were inclined to be easier. Metals shares followed the London market. Preference issues were in good demand. There was little doing in goldmining shares.