ON 'CHANGE.

Auckland Star, Volume LXIII, Issue 115, 17 May 1932, Page 4

ON 'CHANGE.

FLUCTUATIONS IN SHARES. BUSINESS RATHER QUIET. AUSTRALIAN ISSUES FIRM. Business on the local Stock Exchange has been quiet this week. The buoyancy on the Australian Exchanges has led to substantial raising of reserves by hollers of Commonwealth securities, and local investors have shied at the new levels suggested. This accounts for the widt divergence shown between some of the buying and selling quotations for bunk shares. Thus, in the case of English an 1 Scottish, which were on offer last week at £3 19/, with buyers at £3 15/, holders are asking £*1 whilst the highest bidder stopped at £3 17/6. In the insurance section New Zealands are firm, with buyers still in at £1 15/. Goldsbrough, Morts have firmed up, and buyers are now offering £1 2/6, with sellers asking* 1/ more. A buyer came in this morning for Loan and Mercantile stock with an offer of £30. Moturoa Oils were in request with buyers at 2/9, and bidders for Blackwater moved up to 7/9, with sellers still holding oil". Government stocks were steady, with buyers for 4%'s at £92 and for OV2 s at £98 5/ to £98 10/, according to date ot issue. The Noon Call. At the noon call sellers of English arid Scottish Banks dropped their limits 2/6, to £4 10/, and New Zealands were 011 offer at £2 4/6. The demand for Blackwater Mines continued, and buyers moved up to 8/, but this failed to bring an;' declaration from holders. Buyers for Colonial Sugars advanced to £37 10/, ani. Bycroft's shares were wanted at £1 0/0.

SALES COMPLETED. AT THE 3.18 P.M. CALL YESTERDAY — Last Sale. Govt. Bonds, 1937, _ . 51 p.c., Feb.-Aug. OS lu 0 .. OS lo 0 Commercial Bank n v* of Australia .. 014 2 .. 0 W - Bank New Zealand 2 4 3.. - * Kobinson lee Cream 01G 0 .. 010 u AT THE 10 A' l * l " CALL TO-DAY — Mahakipawa .. 0 0 51 .. 0 04} /\T THE 12.15 P.M. CALL TO-DAY National Bank of _ , 10 New Zealand .. •; ■> » • • 1i( V „ Kemp., Prosser.. -£?.•" 050 Golden Dawn .. 0 5b.. INTEREST RATES. The return to the Investor on his outlav based upon the latest dividends, works out as follows for the latest sales:PER CENT PER ANNUM. £ s. d. Bank of New Zealand <3 « » 1 Kobinson Ice Cream 10 " « National Bank ot N.Z b * "T Kempthorne, Prosser , , ■f Based on last interim dividend. SOUTHERN EXCHANGES. (By Telegraph.—Press Association.) WELLINGTON, this day. Sale Reported.—si per cent (1937), £98 15 Sale.—Commercial Bank of Australia, 14/. WELLINGTON, Monday. „ i , n gsr , «?s ,^/ 1 - , s«t'orHSS'y^S fi't/l' !!«; Jloturoa Oil. 3/3. CIIRISTCHURCH, this day. o.r.c Goldsbrough, Wort, £1 2/6 (2 parcels) j Mount Lyfll!, 17/3 ; Golden Dawn, i/o /o narcels) ; Kins Solonion» 1/-*» Mnhiikinawa Id (3 parcels); Mahakipawa fpreU. Od '(3 parcels) ; Okarito (cum div.), 0,1. CHRISTC HURCH, Monday. ■Rnnds 1937, 5& P er cent (SeptemberMarch) / £90 Commercial £ Of bydMabakipawa.'ud"; Electrolytic Zinc (pre!.), £1 0/3. DUNEDIN, Monday. Ttnnrts 1937, 5J per cent (SeptemberMarch)!' £08 17/6; Golden Progress, 1/3. CAUL, AND DIVIDEND XIST. dividends. DueNational Insurance —Interim, 4d Nqw Dalgety and Co. —interim, 3/ a Nqw share #••••••••* •••••** *••• * Taupiri Coal (ord. shares) 5 p.c. jg New"Zealand Paper Mlils-l-Flnai; iB Bycrof't— iinaV.'iii'a share .... May 10 Rope Co.—:b . 1/3 May J9 Na'ttonal Bank, of Australasia' Final, ord. and con. 3 p.c. .... Westport Coa 1 — 6d a May 30 Baft New "south _ Wales— 31 Quarterly, 5/ per share ..•••♦ _. * Okarito —Second, Cd a share ... y __ Wricht, Stephenson —Ord., 4 p.c. Jiiuy N.Z. Perpetual Forests—Final. 8 Junf; 1 He'nry Jones —interim div., June 1 junction—Annual, JunQ g 4d a share • •••";} " ' Wilsons Cement—Final, 1/ a Juno g "New * Ze'aiand—Final", °pl June-

AUSTRALIAN STOCK EXCHANGES

BRISK BUSINESS YESTERDAY.

SYDNEY, May 16,

Commonwealth 4 per cent bonds sold on the Sydney Stock Exchange to-day as follows: —1038, £95; 1941, £90 17/6; 1944, £89; 1947, £88 2/6; 1953, £88 12/6; 1950, £89 8/9; 1959, £88 5/; 19G1, £88 5/. Among other sales were: —Commercial Bank of Sydney, £16 5/; ditto, New Zealand delivery, £16 7/6; Bank of New South Wales, £28 12/6; Colonial Sugar, £44 17/6; Millaquin Sugar, £1 5/; Howard Smith, 7/6; Huddart, Parker, £1 6/6; Adelaide Steam, 18/; Burns, Philp, £2 1/; Pitts, Son, and Badgery, £1 8/; Winchcombe, Carson, 18/9; Goklsbrough, Mort, £1 5/4%; Carlton Brewery, £1 11/9; Tooth's Brewery, £1 7/3; Toohey's Brewery, 17/4%; Australian Glass, £1 18/; Australian Gas A, £5 15/; British Tobacco, £1 11/6; Henry Jones, £1 9/6; Dunlop Perdriau, 12/; Broken Hill Proprietary, 16/; South Broken Hill, £2 1/6; Electrolytic Zinc, 13/3.

The Melbourne Stock Exchange WU3 excited after the elections, and extensive trading was done over a wide area. Sales were: —Commercial Bank of Australia, 15/9; Carlton Brewery, £1 11/9; Dunlop Perdriau, 12/7; ditto pref., £1 5/9; South Brokens, £2 2/; North Brokens, £3 1/3; Mount Lyell, 19/8.