ON 'CHANGE.

Auckland Star, Volume LXI, Issue 101, 1 May 1930, Page 4

ON 'CHANGE.

FLUCTUATIONS IN SHARES. BUSINESS MODERATE. MARKET UNCERTAIN. A fair number of sales were recorded yesterday after the "Star" went to press, but the market tone is anything but keen. Investors are standing off, and at this morning's call there were no buyers for many of the lines that are usually in steady request. The _ banking section still commands moet interest, but even in bauk shares there is no real steadiness in the 'market. Fresh evidence in this connection is found in a sale of Commercials at the new low-figure of £1 1/3. Devonport Steam and Kempthorne Prossers both sold at lower rates, bringing* the scrip closer into line with the higher interest rates now ruling. Investors appear to be concentrating more on Goverhment stocks, for which there is a steady demand, and a buyer of 4 Mi's had to pay 2/6 above last sale price to get the parcel. The Noon Call. During the course of the morning business brightened up and there were a number of sales ready for report at the noori. call, while others were finalised in the room. New Zealand Breweries were easier with a sale at 9d under the last local transaction just before the Easter vacation. The keenness of the demand for Government stocks, and particularly for the 4Ws, was exemplified in a sale of this '38 issue at £97 17/6, which is 7/6 above the rate ruling a few weeks back.

SALES COMPLETED. Last Sale. AT THE 3.1 S P.M. CALL YEBTERDAY— Inscribed Stock,

SOUTHERN EXCHANGES. thrTSTCHURCH—Late Yesterday.

CALL AND DIVIDEND LIST. DIVIDENDS. Due. I/.-O'B. Timber—interim, 10d a share Now British. Tobacco —pref., quarterly Now Walpa Collieries —5 p.c. p.a Now E.S. and A. Bank —interim, 5 p.c. Now Aus. Iron and Steel—interim, pref., 7J p.c. p.a. Now Union Oil—interim, 9d per share May 5 Bank of Adelaide—Final, 4 p.c. May 7 Waihi Gold Mine—Final of 1/ a share May 0 Dalgety and Co.—interim, 5 p.c. May 15 National Insurance Co. —interim, 4d. a share. .. May 15 National Bank of Australasia, final dividend, 10 p.c. per annum May Taupiri Coal Mine—Ord., final, 1/ per share ... May 16 N.Z. Paper Mills—Final, 7J p.c. p.a May CALL. Reliance Loan Co. —pref., 2/6 a share July 2 Moanataiari.(2/4 pd.), 2d a sliare Now INTEREST RATES. The return to the investor on his outlay, based upon the latest dividends and in the case of loans and debentures upoh redemption at maturity, works ou.t as follows for the latest sales: — 5 PER CENT PER ANNUM.

LONDON EXCHANGE. LONDON", April 29. The following are among to-day's quotations, on the London Stock Exchange:— Bank of Australasia,' £11 Bank of New South Wales, £36 12/6; Union Bank of Australia, £9 18/9; National Bank of New Zealand, £6 7/6; Bank of New Zealand, 4 per' cent guaranteed stock, £92; Bank of New Zealand, shares, ex div., 55/; New Zealand Loan and Mercantile Agency Co., Ltd., 4 per cent debentures, £70 5/; ordinary stock, £101.

1938, 4* p.c. ... £97 15 0 .. £97 12 6 Commercial Bank of Australia ... 113.. 118 N.Z. Insurance ..2 4 3 .. 2 4 6 Auck. Gas (cont.) 0 17 4 .. 0 17 1 Devoiiport Steam 119.. 1 2 10 Kemp., Prosser ...3 5 0 .. 3 9 0 AT THE 10 A.M. CALL TO-DAY— N.Z. Insurance .. 2 4 3.. 2 4 3 Waitii (0 13 9) .. 0 13 9 AT THE 12.15 P.M. CALL TO-DAY— N.Z. Breweries... 2 12 9. ... 2 13 6 Huddart, Parker (pref.) (0 19 9) .. 10 0 Waihi ..... 0 13 10 .. 0 13 9 Renown Collieries . „ (new pref.) (0 2 9) .. 0 2 9 Guarantee Corp.. (0 7 11) .. 0 7 11 N.Z. Insurance... (2 4 3).. 2 4 3 Inscribed Loan, _ 19&8, 4J (97 17 6) .. 97 la 0

UxlXV LoiLllUIVVii £ a. d. Com. Bank of Australia 1 4 0 Nat. Bank of A'asia (con.) 7 6 0 N.Z. Refrig. (10/ pd.), (2) 0 5 0 Timani Gas i * N.Z. Breweries 2 12 10 Tooth's J "J Mount Lyell „ 1 ® CHRISTCHUBCH—This Day. Sales on 'Change: £ s. d. N.Z. Rrefrig. (10/paid) .... 0 5 0 Tooth's Brewery ..; 1 11 7 Dit"i I 1 11 6 Brit! Tobacco 1 19 6 Mou; yell 1 8 6 DH (2 parcels) ....i... 18 3 Sale reported: ' Tlmaru Gas 1 * 0 , < WELLINGTON —Late Yesterday. £ s.. d. Ins. Stock, 1938, 41 97 15 0 Ditto ........ 98 0 0 Bank of New Zealand .... 2 18 6 N.Z. Refrig. (10/ pd.) .... 0 5 0 Kawarau G.M. 0 0 oh

£ e. d. Inscribed Loan, 4J (1$38) .. 4 16 4 Com. Bank of Australia ... .7 1 2 New Zealand Insurance .... 4 210 Auckland Gas (con.) ...... 6 18 5 DevonpoA Steam 6 17 11 Kemptbornc, Prosser 6 8 1 Waihl 14 9 2 Huddart Parker (pref.) .... 6 1 6 Guaranteed Corporation .. 8 8 5