ON 'CHANGE.

Auckland Star, Volume LXII, Issue 196, 20 August 1931, Page 4

ON 'CHANGE.

FLUCTUATIONS IN SHARES.

TAX FREE BONDS EASIER.

A fair number of sales were completed on the local Stock Exchange yesterday after the "Star's" main edition went to press. The improvement, however, was short-lived, and at this morning's call only a single sale was recorded and bidding was rather dull. There was a slightly better feeling in Australian Banks, and in one or two cases buyers advanced their limits. For Commercials 13/3 was offered, for Nationals of Australasia £9 7/6, and for Australians of Commerce 12/8. The last mentioned changed hands in Christchurch yesterday at 12/4, but later recovered, with a transaction at 13/. New Zealand Breweries were firmer, with buyers at £1 10/ and no sellers. In Government, fitocfcs tax frees eased further, and, following sales reported from Christchurch at £98, buyers stood off, with the exception that £98 was offered for a parcel of the '39 issue. A parcel of Inscribed was offered at £99 5/. s\k (1937) were still in demand at par. The Noon Call. At the noon call buyers for Australian Bank of Commerce advanced to 12/9. A parcel of New Zealand Brewery shares was offered at £1 11/. King Solomons improved with a sale at 2/5, and more wanted at the same money. Goldec Dawn shares were asked for at 4/6. The offer of £98 for 4% per cent (1939) made in the morning was withdrawn, and there were no bidders for tax frees. Moturoa Oils were still wanted at 5/. A buyer offered 15/ for Whittome, Stevensons. SAXES COMPLETED. Last Sale. AT THE 3.15 P.M. CALL YESTERDAY— War Bonds, 1939, . 4j p.c £09 0 0 ..£IOO 0 0 Wellington City, 1951. 5J p.c. .. 99 0 0 ... — Devonport 8.C., 1943, 5J p.c ... 98 0 0 .. — Kational Bank of «_ „ New Zealand .. 3lβ 0 .. 317 0 Union Bank 693.. 680 New Zealand Ins. _ „ (2) 1 18 0 .. , 1 IS 0 King Solomon ... 023.. 022* AT THE 10 AM. CALL TO-DAY— Auckland Gas ... 13 3.. 133 AT THE 12.15 P.M. CALL TO-DAY— National Bank of New Zealand .. 316 O .. 316 0 King Solomon ... 0 2 5.. 023 Waihi 013 9 .. 015 8 INTEREST BATES. 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:— PEK CENT PEE ANNUM. £ s. d. War Bonds, 4J (1939) 4 13 0* Wellington City, 5J (1951) 511 S Devonport Borough Council, 5| (1943) 5 14 8 Kational Bank of N.Z. .... 611 7 Union Bank 5 8 4 New Zealand Insurance .... 5 5 3 Auckland Gas 6 17 7 Waihi 12 I* 0 •Free of income tax. SOUTHERN EXCHANGES. (By Telegraph.—Press Association.) WBLIiINGTON —Late Yesterday. £ s. d. Inscribed Stock, 1937, 55 ..100 10 0 Wellington City, 1951, 5| (late sale Tuesday) 99 0 0 Bank of New Zealand 2 7 6 Union Bank 6 9 0 N.Z. Guarantee Corporation 0 5 0 New Zealand Breweries .... 1 10 3 Wilsons Cement 1 16 3 CHRISTCHURCH —This Day. Sales on 'Change: £ s. d« N.Z. kefrig. Co. (10/ paid), (4 parcels) 0 3 6 King Solomon 0 2 3 Ditto 0 2 4 CHKISTCHTJKCH —Late Yesterday. £8.0. Aust. Bank of Commerce ... 0 13 0 New Zealand breweries (4 parcels) 1 10 6 N.Z. Kef rig. (10/ paid), (3 parcels) 0 3 5 Woolworths (N.Z.), (pref.)... 14 0 Cornish Point 0 0 5 DUNEDIN—This Day. Sales on 'Change: £ b. d. N.Z. Kefrig. Co. (cont), (2 parcels) 0 3 7 Golden Progress 1 8 0 Sales Reported: Bank of New Zealand 2 7 6 Union Bank 6 9 0 4S p.c Inscribed (1938).... 99 0 0 DUNEDIN—I*te Yesterday. £ e. d. Union Bank 6 9 0 CALL AND BIVIDEFTD LIST. DIVIDENDS. . Due. Wellington Woollen Co. —Final, 3 p.c Now Grey and Menzies—Pref. 7 p.c, ord. 4 p.c Now Bank of New South Wales — Quarterly, 8/ a share Aug. 27 Commercial Bank of Sydney— Final, 4 p.c. — Standard Insurance —Final, 1/3 a share ............-••••••• Sept. — LONDON STOCK EXCHANGE. LONDON, August 18. The following are included in to-day's quotations on the London Stock Exchanger—Bank of Australasia, £7 16/3; Bank of New South Wales, £22 17/6; Union Bank of Australia, £5 12/6, ex dividend; National Bank of New Zealand, £3 5/; Bank of New Zealand, 4 per cent guaranteed stock, £95 10/; shares, £2 5/; New Zealand Loan and Mercantile Agency Company, Limited, debentures, £62 10/; ordinary stock, £40.