WELLINGTON STOCK EXCHANGE.

Manawatu Standard, Volume LVII, Issue 213, 9 August 1937, Page 12

WELLINGTON STOCK EXCHANGE.

LAST WEEK’S BUSINESS AND PRICES. Business on the Dominion Stock Exchanges was fairly brisk last week and a substantial turnover was recorded. The bulk of the trading was in industrial and trading issues, most of which were firm on recent rates. Thoro was more than ordinai'y activity in Australian metal companies issues, which showed a distinctly firmer tendency in sympathy with tho London motals market. Government loans wero in strong demand throughout tho week and investors had to pay harder rates for tho issues traded. Local body and company debentures wero very quiet and few dealings were reporied. Bank shares were dull and inactive and trading was restricted. Now Zealand were done at 44s fid to 44s 6d and National of New Zealand at from 60s 3d to 60s 9d. Commercial of Australia sold at 18s Id to 18s sd. Union at £lO 2s and Now South Wales at £34 17s 6d to £34 15s. An outstanding feature of tho week was . the strong advance made by South • British Insurance. These shares have been firming steadily, and last week they moved up on sales from 98s 6d to 100 s. National were done at from 17s 9d to 18s and New Zealand advanced to 66s 9d and 675. Financial and pastoral issues wore quiet and little changed. Goldsbrough Mort sold at from 35s 9d to 35s lOd. Brewery issues wero quiet and trading was light. New Zealand, fully-paid, sold at 50s 6d to 50s, and tho contributing at 34s 6d to 34s 7d. Dominion wero done at 45s cum rights, ana tho rights sold at from Us 6d to 12a. Staples had a sale at 50s 9d and Dunedin at 30s. New Zealand Refrigorating, 10s paid, wero traded actively at from 9s 5d to 9s 7d, and the fully-paid at 19s lOd, Goar wero a littlo firmer at 17s 9d. Broken Hill Proprietary wero affected by the coalmining dispute and cased to 82s 4d. Lafor they recovered on active dealings to 84s 6d. A sharp advance was tnado by Broken Hill South, which wero well taken at. from 47s 8d up to 51s 6d. North Broken Hill moved up on sales at from 76s to 78s 6d. Eloctrolytic Zinc gained during the week, tho ordinaries selling at from 56s 9d to 59s 5d and tho prefcrenco at from 58s to 60s 4d. Mount Lyell were also definitely stronger, sales being made at from 42s 8d to 455. Mount Morgan wero traded actively at from 11s 4J>d to 12s 4id_, lator easing to 12s. Dealings in Rawang Tin ranged from 12s 5d to 12s 7Jd. Leading industrial and trading issues wero also favoured. Australian Glass wore steady at from 94s 3d to 94s 9d. British Tobacco strengthened from 49s 6d to 50s 9d. Others were traded at late rates. G. J. Coles touchod £5 10s 3d and sold lator ex dividend and rights doxvn to 995. Woolworths (N.Z.) rights sold at 84s 3d to 84s 9d, Woolworths Ltd. eased from £6 13s to £6 9s 6d, and Woolworths (South Africa), holdings, at from 17s lOd to 17s 6d. McKenzies Department Stores wero firm at from 83s to 84s. Taranaki Oil worq active at from 4s 8d to 4s lid. Gold mining issues were dull and negelectod. SATURDAY’S SALES. Auckland.—lnscr. Stock, 3j p.c., 15-1-53-57, £9B 12s 6d; N.Z. Farmers’ Co-op., p.c., 31-1-40, £9O; S. British Insurance, £5; Broken Hill Ply., £4 4s 6d; Farmers’ Trading, £1 0s lOd, £1 Is; Farmers’ Fertiliser, £1 Is lOd; Radio (1936), Ltd., £1 5s 6d; Skippers, 2fd. Christchurch. —N.Z. Refrig., 10s pd., 9s sd; Broken Hill Pt v ., £4 4s 4d; Electro. Zinc, ord., £2 19s 9d, (2) £2 19s 8d ; Macduffs, Ltd., prof., £1 5s 9d, £1 5s lid; Hume Pipe, 19s lid; Shillings. Ltd. (3), 17s 6d; Broken Hill South £2 11s 4d; Mount Lvell (2), £2 4s 9d, £2 ss; Mount Morgan (2), 12s. Sales reported: National Insurance, 18s; Radio (1936), Ltd., £1 5s 6d; Shillings, Ltd., 17s 6d. Dunedin. —Bank of N.Z. (2), £2 4s 6dl; South British Insur., £5; Broken Hill Pty., £4 4s; Mount Lyell, £2 4s 9d, £2 ss.