STOCK EXCHANGE

Waikato Times, Volume 122, Issue 20510, 28 May 1938, Page 9

STOCK EXCHANGE

DULLNEBB IN LONDON NEW LOW LEVELS REACHED NEW ZEALANDS IN DEMAND (United Press Assn. —Elec. Tel. Copyright) (Received May 28. 1 p.m.) LONDON, May 27 Whatever slender hopes of an early revival of the markets may have been entertained were dissipated this week, when Wall Street failed to show the slightest sign of strength and the principal commodities fell sharply, some touching new low levels. Copper was the lowest since 1935. Consumers also were buying little tin, holding off for lower prices. Lead and spelter also were poor. Bonds ended better after e depressing week. New Zealands have been In demand after reassuring statements from various sourcss. TRANSACTIONS IN SYDNEY United Press Assn.—Elec. Tel. Copyright (Received May 28. 3 p.m.) SYDNEY, May 28 The following sales were recorded on the Stook Exchange.— Bonds —4 per cent. 1941 £IOO 16s 3d. 19ii £lOl 12s 6d. Commercial Bank of Sydney, £2O 7s; Bank of New South Wales, £32; Tooheys. 30s *id; Australian Glass, 935; Broken Hill Proprietary, 60s 3U; British Tobacco, 4*s. SALES AT AUCKLAND (By Telegraph.— Tr*** Asportation) M *.KI. AND. Saturday The following sale- were recorded on the *tork Exchange to-day,— M. K. Manufacture-. I Os. Martha Mine. I Is lOd. Inscribed Stock, 15/2 1943-46, 4 per cent. £lO3.