ON 'CHANGE.

Auckland Star, Volume LXII, Issue 283, 30 November 1931, Page 4

ON 'CHANGE.

FLUCTUATIONS IN SHARES. WEEK OPENS QUIETLY. BUYERS HESITANT. There was a noticeable hesitancy on the paut of buyers when the Auckland Stock Exchange held the first call of the week. Evidently the imminence of the elections, both in New, Zealand and in Australia, coupled with a disappointing wool sale and unfavourable financial reports from London, had a deterrent effect on the investment business. Even in the banking section there was little interest. Australasias had a late sale reported from Saturday at £9 3/, showing a drop of 6/ in a week. Commercials were on offer 3d lower at 16/2, with best buyers stopping at 15/8. New Zealands were available at £2 8/, but the highest bid was £2 6/6. The insurance section was steady and unchanged. Farmers' Trading preference shares were quoted ex div., with sellers of A's at 14/6 and of B's at 12/. There was little interest in Government stocks or local body debentures. Tax frees were on offer at £97 10/ and 5Vz (1937) at £98 10/, but there were no buyers. At the Noon Call. Three parcels of Inscribed 5Vz per cent Government Loan (1937) sold at the noon call at £98 5/, and there was still a buyer at five shillings under that price, with no sellers. . , South British Insurance shares eased to sales at £2 14/3. Buyers still offered £2 for New Zealand Insurance, and sellers dropped to £2 0/3, but business did not result. Standard Insurance firmed threepence, the buyer offering £2 2/9, but no seller quoted. A buyer came in for National isank or New Zealand shares at £4 10/, whereupon the selling price dropped to £4 15/. Bank of New South Wales shares recovered a little, being wanted at £23 10/,; with no quoted sellers. Union Banks *eased _ a shilling, being offered at £8 2/. Colonial Sugar sellers dropped 5/, quoting £36 15/, with buyers still,offering £35 10/. Further business was done in Waini Grand Junction shares at 3/6, and King Solomons at 1/8.

SALES COMPLETED. Last Sale. AT THE 10 A.M. CALL TO-DAY— Bank Australasia £9 3 0 .. £9" 9 0 AT THE 12.16 P.m. CALL TO-DAY— South British Ins. (2 14 ffl .. 214 6 King Solomon .. (0 18).. 0 8 Waihi Grand June. (036).. 036 Ins. Loan, 1937, 5j p.c 98 5 0 „ 98 1a 0 SOUTHERN EXCHANGES. (By Telegraph.—Press Association.) WELLINGTON, this day. Reported.—si per cent Government Stock, 1938, £98 15/ v

DUNEDIN, this day. Sale Reported.—Okarito, 10/. INTEREST KATES. The return to the investor on his outJay, 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. - . /Jl; £ & 'd. Bank of' Australasia .♦,—. 5 9. 3 South British 4 18 4 Waihi Grand Junction 9 10 fa Government Loan, 51 (1937), i Inscribed 5 17 1 CALL AND DIVIDEND LIST. % DIVIDENDS. Due. 8., S. and A. Bank—-Final, 4 p.c. Now Farmers' Trading—lnterim, SJ p.c, A and B pref Now Dalgety—Final, 4/ a share Now Tooth's Brewery—Final,'.B p.c. p.a Australian Glass —Interim, 3 p.c. ord., 4& p.c. pref Dec. 1 Henry Jones —Interim, 9d per share • Dec - A Dank of New Zealand —Interim, 1/4 per share Dec- 5 New Zealand Breweries —Interim, 4pc Dec. 7 Tattersfleld, Ltd.—Final, 2 p.c... Dec. 10 North Broken Hill—2/ a share.. Dec. 14 Mount Lyell—6d per share Dec. 21 Broken Hill South —1/ per share Dec. 23 I\ and p.—Final, 3J p.c Dec. — LONDON STOCK EXCHANGE. .'. \ LONDON, November 28. The weakness of sterling exchange has depressed all gilt-edged securities on the London Stock Exchange. Australian Gov : ornment stocks to-day mostly declined 20/ to 40/.