TRANSACTIONS ON 'CHANGE.

Auckland Star, Volume LX, Issue 241, 11 October 1929, Page 4

TRANSACTIONS ON 'CHANGE.

BUSINESS STILL GOOD. CHIEF INTEREST IN BANKS. "Bank shares continue to attract most interest on the local Exchange, and a number of parcels have changed hands since the "Star" went to press yesterday. Under stress of a steady demand, prices are definitely firmer, though a sale of bank of Australasia at £14 2/6, compared with the last transaction at the' end of July, £14 13/, shows how the market has slipped in recent weeks. There is also a rather better tone in insurance scrip. Westport coals have moved up 3d, with buyers at £1 13/9, and inquiries are again being made for Northern Steam at 14/8. Breweries, too, are a shade firmer, with buyers at £4 6/6. The Noon Call. A fairly busy morning saw a number of fresh sales notified at the noon call, with quotations firm, and rates practically unaltered. A parcel of New Zealand Farmers' Co-operative debentures, 6% p.c, was offered at £97. Interest Rates. * The return to the investor on his outlay, based upon the latest dividends and in the case of loans and debentures upon redemption at maturity, works out as follows for the -latest sales:— PER CENT PER ANNUM. Auckland Harbour Board, 5* (1040) '~■ 4 9 6 National Bank of Jtf.Z. .... 5 4 6 Union Bank 5 2 0 New Zealand Insurance . 3 10 9 Goldsbrougli, Mort 6 11 2 Commercial Bank of Aus. ..539 Bank of Australasia 4 10 1 South British Insurance .... 3 1C 11 Bank of New' Zealand 4 15 0