ON 'CHANGE.

Auckland Star, Volume LXIII, Issue 16, 20 January 1932, Page 4

ON 'CHANGE.

FLUCTUATIONS IN SHARES. FAIR VOLUME OF BUSINESS. SHAKr DROP IN GAS SHARES. Business on the local Stock Exchange livened up yesterday afternoon, and a fair number of sales have been put through during the past 21 hours. At this morning's call there was a steady demand in the banking section. Commercials were stationary, with buyers at 14/7, but New Zealands improved slightly, and after further business at £2 4/ holders raised their reserves to £2 4/6. English and .Scottish were offered a shilling lower at £i 10/, bringing a buyer up to £4 7/. New Zealand Guarantee Corporation pref. shares were offered 6d lower at £1 ]/, and a buyer bid £1. New Zealand Breweries seemed a fraction easier, being on offer at £1 8/. Kauri Timbers had buyers at 10/, and holders of Colonial Sugars raised their reserves to £40 7/0. Government stocks were unaltered. The Noon Call. A feature of the business at the noon tall was a sharp drop in the price of Auckland Gas shares, which sold at £1 3/0, compared with £1 4/ yesterday. The contributing issue also sold lower at 17/. The company will shortly issue its annual accounts. In the banking section Commercials firmed up, with buyers at 14/8 and holders asking 14/11. Moturoa Oil shares were in request, with buyers at 2/6 and holders asking 7/. SALES COMPETED. Last Sale. AT THE 3.15 P.M. CALL YESTE3DAY— Bank New Zealand £2 4 0 .. £2 4 0 Bank New Zealand ■ (D Mortgage) .. 16 0.. 1 " J Auckland Gas ... 14 0.. 1 4 U Farmers' Trading 0 5 S .. » » ■' Golden Dawn OSI.. OSI Govt. Loan, 1037, 5J p.c., Ins 09 17 6 — 00 li 0 Chrlst'ch Drainage Be?., 1963, 5J p.c. 99 o 0 ~ — AT THE 10 A.M. CALL TO-DAY— Commercial Bank r a ft of Aust (pref.) 6 6 6 .. 6 o 0 Waihi 010 ° •* °10 b Con«dld. G t*d fleMg ft j 3 _ 001 2 6 •• " 13 ° AT THE 12.15 P.M. CALL TO-DAY— Auckland Gas ... 13 6 .. 1 4 0 Auck. Gas (cont.) 017 0 .. 01. G Kaiapoi Woollen.. O (> 0 .. O 6 « King Solomon ... O - 1 — « - ■* 103 : MIS 0 •• 06 1T 6 INTEREST RATES. The return to the investor on his outlav, 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. £ s. d. Bank of New Zealand ..,.«. 6 10 4 Auckland Gas « lb l Ditto (con.) "• • i r Govt. Loan, 4i (1935) .... -B 6 4 Farmers' Trading ... ~ 11 °!« Govt. Loan, 5i 1037) .... 510 7 Govt Loan, 5J (1936) .... 5 11 0 Christchurch Drainage Board, SJ (1965) i> 11 2 Waihi V'VV'-iiV Com. Bank of Australia, g g g SOUTHERN EXCHANGES. (By Telegraph.—Press Association.) WELLINGTON, this day. 5J per cent Government Stock (1936), £99 12/ G. WELLINGTON, Tuesday. Inscribed Stock. 1937, 5J per cent £99 ' 17/6; ditto. 1941. 5 per cent. £93 la/. Bank of New South Wales, £.28. CHRISTCHURCH, this day. New Zealand Refrigerating (£1 paidmm div.). 11/9; Mount Lycll, £1 0/8 and £10/8;; Golden Dawn, 8/ (2 parcels); King Solomon, 2/IJ. CHRISTCHURCH, Tuesday. Commercial Bank of Sydney, £15 (2 narcels) : E.. S. and A. Bank, £49/, British Tobacco, £1 6/10, £1 T/; New Zealand Refrigerating (10/ paid) 4/10 (2 parcels,; Mount Lyell, £1 0/11, Okarito, 10/5. DUNEDIN, this day. Sale Bank of New South Wales, £28; Mount'Lyell, £1 0/7; 1937 51 per cent Inscribed, £100. DUNEDIN, Tuesday. Inscribed Stock, 1930. 53 per cent £99 15/; Bonds, 1936, 51 per cent, £99 15/, Colonial Sugar, £40; Okarito, 10/o. CALL AND DIVIDEND EIST. DIVIDENDS. _ Due. Alexander Mines—No. 1, 1/ a share iiow Union Bank —Interim, 4 p.c. (tax free) Jan ' — Wellington Woollen Co.—lnterim, g p C Jan. N.Z. Re'frig. Co.—Ord. and con., 5 p.c. pa ;••,•• ' British Tobacco —Pref., quarterly, 6| P-c. P.a. (subject deduction 10 p:c. Commonwealth property tax) .......•.;.;-■ 5K B Commercial Bank—Pref., 4 p.c— Feb. 5 New Zealand Insurance—lnterim, • 1/ per share Feb. 10 AUSTRALIAN SECURITIES. BETTER IN NEW YORK. NEW YORK, January 18. Sales of Australian Government bonds on Wall Street to-day compare with those of January 11 as follows: — Dollars. Dollars. Jan. 18. Jan. 11. Commonwealth — 5 p.c, Jan.-July, 1955 . . 5S .JO* 5 p.c. March-Sept., 1957 58 oO* 4J p.c., Muy-Nov., 1956 52J 4.jJ New South Wales — 5 p.c, Feb.-Aug., 1957 .. 51 401 5 p.c, April-Oct., 1958.. 50 40 Queensland — „ . 7 p.c, April-Oct., 1942.. 71 * 6 p.c, Feb.-Aug., 1947.. * ♦Not quoted. AUSTRALIAN EXCHANGES. YESTERDAY'S BUSINESS. SYDNEY, January 19. On the Sydney Stock Exchange to-day there was an easier trend for Australian consols. AH bond issues showed declines of from 1/3 to 7/6. The 4 per cents, 1935. sold at £94 15/, compared with £95 2/6 yesterday. . j There was a fair turnover in bank scrip, Bank of New South Wales sold again at £30 and Commercial of Sydney at £17. Other sales were: Colonial Sugar (for New Zealand delivery), £45 10/; Australian Gas, A shares, £5 12/; Electrolytic Zinc (pref.), 24/; United Insurance, £3 15/; Mercantile Mutual, 16/3; Dunlop Perdriau, 14/2; Australian Glass, 34/9; Goldsbrough, Mort, 27/4%; Toohey's Brewery, 17/9; Tooth's Brewery, 27/4%: Zinc Corporation, 32/3; Broken Hill Proprietary, 17/3; North Broken Hill, 60/; South Broken Hill, 47/9. At Melbourne early sales on the Stock Exchange included Electrolytic Zinc, 17/; ditto (pref.). 24/; Commercial Bank of Australia, 17/; National. £5 ' up, . H7/; Adelaide Steam,. 18/4. k.