WELLINGTON STOCK EXCHANGE.

Manawatu Standard, Volume LVII, Issue 219, 16 August 1937, Page 5

WELLINGTON STOCK EXCHANGE.

LAST WEEK’S BUSINESS AND PRICES. There were ups and downs in several leading issues in the Dominion stock and share markets last week: Holidays at Wellington and Christchurch made for a short trading week in those centres, but dealings, particularly in industrial and trading issues, were brisk and a substantial turnover was recorded. On the Wellington Stock Exchange dealings covered £11,375 worth of Government loans, and nearly 14,000 shares valued at over £29,000. Government loans were in keen demand at generally firmer rates. Supplies were not plentiful and the total volume of turnover was not large. In tho 4 cents., 1943-46’s touched £lO5, 1946-47’s £lO5 2s 6d, and 1952-55’s £lO5 ss. There was little doing in local body and company debentures. Bank shares were an extremely dull section of the market and trading was definitely on the small side. New Zealand were firmer at from 44s Cd to 44s 9d, with the D long-term issue going at 30s. Commercial of Australia were weak at from 18s 5d to 18s. Union were done at £lO 2s 6d to sixpence less. New South Wales at up to £34 17s 6d, and E.S. and A. at £5 17s 6d. Insurance shares were firm and well held, a feature of the section being the strength of South British, which sold to £5. National touched 18s ’ld and New Zealand were done at 66s 3d and 05s 3d, the latter ex dividend of Is per share. Financial and pastoral issues were quiet, with Goldsbrougli Mort going at 35s 6d. New Zealand industrial issues were rather dull, prices showing little change. New Zealand Drug sold at 73s 6d to 745, Dominion Fertiliser at 25s 3d. and Farmers' Fertiliser at 21s lOd. Wilson’s Cement were on a rising market, sales ranging from 20s to 20s 6d. Much activity was shown again in Australian me.tal companies’ shares. Broken Hill Proprietary were a little irregular, hut firmed on news of the coal strike agreement. Others varied in sympathy with the base metals market. Broken Hill South touched 52s 3d hut eased later. North Broken Hill advanced to business at 80s. Electrolytic Zinc and , Mount Lyell were heavily supported. Chain and other department store shares were actively traded. G. J. Coles developed weakness and sold at from 99s 3d down to 96s 3d, recovering on Saturday to 97s 6d. Wool worths (Sydney) fell away from £6 10s to £6 3s, but on Saturday were up again to £6 9s. McKenzie’s Department Stores were firmer on the week, sales being made at from 83s 6d to 86s. Australian Glass were accorded good support and advanced on sales from 94s 6d to 96s 3d. British Tobacco were firmer at 51s 6d and 51s 3d. Colonial Sugar moved up to £4B. and Dunlop Perdriau from 23s 9d to 24s Id.