STOCK EXCHANGE

Waikato Times, Volume 122, Issue 20499, 16 May 1938, Page 7

STOCK EXCHANGE

APATHY OP INVEBTORB BUSINESS AT A STANDSTILL (United Press Assn.—Elec. Tel. Copyright) (Received May 16, 11.50 a.m.) LONDON, May 15 Even the aridity of the country is scarcely worse than the city, where stockbrokers are crying out for business like farmers for rain. There have been no special developments, either political or economic, to account for the apathy of investors, who simply decline to be interested. Acftjffly, apart from gold shares and aircrafts, has been almost at a standstill throughout the week. The Financial News considers that the air defence criticisms have had an unsettling effect on the public and have helped to dull its initiative. The commodity markets are similarly lifeless, although tin has recovered sharply in the hope that the Malayan referendum will result in the adoption of a buffer pool scheme. Sugar has showed a distinctly improved tendency, due to the feeling that Government bujfng will reduce the raw stocks in Britain to a reasonably normal level.

TRANSACTIONS IN SYDNEY

United Press Assn.— Elec. TeL Cooyrlgn> (Received May 16. .1 p.m. SYDNEY. May 16 • The following sales were recorded on the Stock Exchange:— Bonds. —4 per cent. tbit, cx interest. £IOO 6s 3d, 19i’t £lo* 2s Gd. 1961 £lO4 ss. Tooths, 57s 9d: Australian Glass. 945: Broken Hill Pty., 6>s 6d. Electrolytic Zinc. 42s 6d: General Industries, 18s iOld; Howard Smith, 225.

SALES AT AUCKLAND (By Telegraph.—Pre»s Association) AUCKLAND. Monday The following sales were recorded on the ?tOck Exchange to-day:— Bank of New Zealand. D mortgage. 80s. G. J. Coles. 84s. 83s 9d, 83s 6d. Woohvorths Sydney . 22s 2d. Talisman. Dubbo, 7s 6d. The Noon Call Commercial Bank, odd lot. 16& 2d. Bank of New routh Wales. £3l 17s 4d t|w Zealand Breweries. 2 . 455. token Mill Proprietary. 61s Bd. Inscribed stock, 19 43-46. 4 per cent, £lO3.