ON 'CHANGE.

Auckland Star, Volume LXVII, Issue 226, 23 September 1936, Page 4

ON 'CHANGE.

BUSINESS FAIR.

BANK OF NEW ZEALAND DULL,

ELECTRO. ZINCS FIRM.

Business on the Auckland Stock Exchange lias been of moderate volume over the past 24 hours. The banking section was quiet) and the only sale was an odil lot of Commercial preferences at £9. New Zealands were on oii'er at £1 19/, with 110 buyers in sight.

In insurances the only business was a sale of South British unchanged at £4 9/3, with a subsequent market between £4 9/ and £4 9/0.

In Australian issues there were the usual fluctuations, but Electro. Zincs continued firm, with a sale of the preference Od up, at £2 5/.

Amongst local issues Bycrofts had buyers at £2 1/, and Union Oils were in request at £1 11/6, sellers still holding out for £1 14/'. Gas shares were steady between £ 1 3/ and £ 1 3/3. In Government stocks there was a demand for all issues, with sellers of the '40's at £102 and*of the '55's at £100. Better at Noon. A fair number of orders came forward during the morning, and a good list of sales was put through at the" noon call, turnover including several parcels of Government stocks at late rates. In fresh bidding a parcel of Bank of Australasia was offered at £12 4/, and a buyer came in for New Zealands at £1 18/. A buyer came in for New Zealand Insurances at £3, and the seller dropped to £3 2/. Dalgetys were asked for, being quoted between £S 16/ and £9 2/6. Bartholomew Timbers were available at £1, and New Zealand Breweries were quoted lower, between £2 11/9 and £2 12/6. Sanford shares were easier, with sellers of the ordinaries at 4/1 and of the preferences at 19/, with no buyers in sight. Wilsons Cements were 011 offer at £1 17./, md the buyer moved up to £1 16/3. Martha mining shares were quoted between IS./4 and l""'

SALES COMPETED. AT THE 3.15 P.m. CALL YESTERDAY— Last Sale. £ s d Bank of N.S.W. 32 10 0 .. 32 10 0 Taupiri Col. 0 17 O .. 017 0 Kauri Timber . 14 0.. 1 10 Taupo Totara .. 0 0 10 .. 010 S Taupo, Totara (pf.. IG/ paid) 015 0 .. 0 15 0 lit. Morgan 0 13 2 .. 0 13 1 UNLISTED. Selfridges (new) 17-0.. 17 0 Broken Hill ... 315 6 .. 3 16 3 Auckland Gas .. 13 1.. 131 AT THE 10 A.M. CALL TO-DAY— Com. Bank.(pf., odd lot) 0 0 0.. 0 20 South British . 4 9 3.. 4 9 o Broken Ilili ... 315 0 .. 310 * 0 Electro. Zinc .. 2 5 0.. 240 Mt. Lyell 10 6.. 100 Mt. Morgan (2) . 013 2 .. 013 - AT THE 12.15 P.M. CALL TO-DAY— British Tobacco 2 3 3 .. 2 3 0 Broken Hill (rts) 0 2 0.. *>22 Broken Ilili (rts) 0 2 1.. O _ 0 Eiec. Zinc (pref) 2 u 0 .. o ■> O N.Z. Refrig (con) 0 0 o .. 0 J l» Bonds, 52-55. 4 . 105 15 0 .. 100 lo 0 Stock, '40, 4 .. 101 I.j 0 .. 101 lo 0 Stock, '55, -1 .. 105 15 0 .. lOj lo 0 Newm'ket, 1/6/43 104 7 0..

INTEREST KATES. The return to the investor 011 his outlay, based upon the latest dividends, works out-as follows on the latest sales. W hen Government stocks are included, the calculation provides tor redemption at the earlier date of maturity. payment is made in sterling, exchange, is added. In the case of local body issues allowance is also made for 20 per cent interest reduction: — PER CENT PER ANNUM. £ s. d. Bank of New South Wales. .317 South British 2 10 9 Taupiri Collieries ....•; —. 5 - 1 , 5 Kauri Timber o 4 - Taupo Totara „ iJ o Broken Hill « ~'* » Electro. Zinc 4 9 0 Auckland Gas 4 15 - CALL AND DIVIDEND LIST. DIVIDENDS. Due. Howard Smith —Ord., int., 27. p.c. Sept. 24 Bartholomew Timber—Final, 2£ p.c., and bonus, 1 p.c Sept. 24 Farmers' Freezing—op.c Sept. 25 Nemona —Id per share Sept. 20 Hume Pipe (Aust.) —5 p.c. p.a. Sept. 2S N. Broken Hill —2/0 a share and bonus 2/6 Sept. 20 C. L. Innes —Pref. 6 2-5 p.c., ord. 8 p.c Sept. 20 British Tobacco—Qrly., 2 p.c. .. Sept. SO Pukemiro—Final, 3J p.c. ' Sept. 30 Dunlop, Perdriau—Final, ord. and pref., 5 p.c Sept. 30 Milburn Lime—Final Sept. — Whittome, Stevenson—s p.c Ocf. 1 Bank of Australasia—lnt., 3/6 a share Oct. 2 Howard Smith—Pf., qrly., 1J p.c. Oct. 6 Milne and Choyce—Ord. and deb. stock. 4 p.c Oct. 10 G. J. Coles—Quarterly, 2J p.c. .. Oct. 15