ON 'CHANGE.

Auckland Star, Volume LXIII, Issue 139, 14 June 1932, Page 4

ON 'CHANGE.

FLUCTUATIONS IN SHARES. BUSINESS BRIGHTENS UP. BANK OF X.Z.'S EASE FURTHER. There lias been a marked acccss of business on the local Stock Exchange since the week's quiet opening. If the improvement bo due to the result of the New South Wales elections the reaction lias been indirect, lor the turnover iias been almost entirely confined to New Zealand scrip. As a matter of fact holders of most Conimouwealth securities either raised their limits too high to permit of business, or temporarily withdrew their holdings from the market. A feature of the latest trading has been renewed interest in local body issues, and parcels of Auckland Harbour Board shares were included in the sales list. At this morning's call there was a steady inquiry in the Banking and Insurance sections. National Bank of New Zealand shares eased further, with a sale at £3. Mining shares were in fair demand, but Wailiis dropped another 2d with a sale at 14/4. In Government stocks 4%'s were asked for at £92 10/, and s%'s at £99 5/. The Noon Call. Activity continued throughout the morning, and fresh sales were added at the noon call. A feature of latest trading was a further weakening in Bank of New Zealand scrip, which changed hands at £2 2/3, with more offering at that figure. A parcel of Government stocks, 5% (1037) was 011 offer, but tlio vendor asked par for it. Thames Theatre shares were on offer at 10/, bringing a buyer at 6/6. Goldsbrough, Morts were available at £1 1/9. SALES COMPLETED. AT THE 3.15 P.M. CALL YESTERDAY— Last Sale. Bank New Zealand „ _ „ (2) £2 2 6 .. £2 2 8 Auckland Gas ... ,10 7.. 10 7 Alexander Mines 0 IS 0 0 IS 3 Govt. Loan, 1935, 4\ p.e.. Ins 02 12 0 .. 92 10 0 Gis. Sheep Farmers 70 0 O .. 77 0 0 Bank N.S. Wales 25 5 0 .. 25 7 C AT THE 10 A.M. CALL TO-DAY— Nat. Bank of N.Z. 3 0 0 .. 3 2 4 Commercial Bank of Australia .. 013 6 .. 013 6 Woolworths (pref.) 14 3.. 130 Golden Dawn .. 0 6 0.. 0 5 0 Okarito 0 0 4.. 0 0 3 Waihi 014 4 .. 014 0 Auck. Harb. Bd., 1 1030, 5J p.c. .. 00 5 0 .. — Auck. Harb. Bd., 1060. 5J p.c. .. 07 10 O .. — Gis. Sheep Farmers 70 0 0.. i 0 0 0 AT THE 12.15 P.M. CALL TO-DAY — Nat. Bank of N.Z. 3 0 0 .. 3 0 0 Bank New Zealand 223 .. 2-0 Gis. Sheen Farmers, _ „ 1041, 6* p.c. ... 70 0 0 .. .0 0 0 Govt. Loan, 1033, 51 p.c., Ins OS 10 0 .. 08 10 0 INTEREST KATES. The return to the investor on his outlay, based upon the latest dividends, works out as follows for the latest sales:— PER CENT PER ANNUM. £ s. d. Bank of New Zealand 6 15 8 Auckland Gas .•••* V S Bank of New South Wales.. 4 0 Of National Bank of N.Z - 6 13 4| Commercial Bank ......... 8 G .J Woolworths (pref.) ....... 7 8 i> Waihi 14 0 0 t Based on last Interim dividend. * Interim dividend passed. SOUTHERN EXCHANGES. (By Telegraph.—Press Association.) WELLINGTON, Monday. Sales on 'Change. —Bank of New Zealand (4) £2 2/3; National Bank of New Zealand, £3; Union Bank of Australia (2), £6 10/; National Insurance, 11/1; British Tobacco, £1 S/6; Kawarau Gold, 4id. CHRISTCHURCH, this day. Sales on 'Change.—Christchurch City, SJ, 10SS £OS ; Commercial Bank of Australia, 13/6 (2), 43/5 (2); Bank of New South Wales £25 10/ (2) ; Bank of New Zealand (cum div.), £2 2/,'£2 1/11; Union Bank of Australia, £ 6 IG/0 (2) ; New Zealand Breweries (cum div.), £1 4/8; looth s Brewery, £1 5/10; Alexander Mines (cont.), 18/1, 17/11? Golden Dawn, 6/ (2), 5/IIJ ; Mahakipawa (pref.), 6d, Okarito, 9/32. u—v - Reported Sales.—Commercial Bank of Australia, 13/6; Gpldsbrough, Mort, £1 1/3. CHRISTCHURCH, Monday. Sales on 'Change.—Commercial Bank of Australia. 13/11, 13/10; National Bank of New Zealand, £3 1/; National Bank of Australasia (£5 paid), £5; New Zealand Guarantee Corporation, 4/2; British Tobacco, £1 8/6; Golden Point, 6d. DUNEDIN, this day. Lato Sale Yesterday.—Refrigerating (paid), 11/3 (2). AUSTRALIANS IN LONDON. POLITICAL RESULTS PLEASE. (Received 11 a.m.) LONDON, June 13. The London-Stock Exchange is highly gratified at Mr. Lang's defeat and stocks generally have l>een in a Lie ed up. Commonwealth fives 20/, and several New South Wales issues 00/. Dealings show an average m New feouth Wales fours of £92, threes £80, 3% s £62 7/0, s%'s £98 15/, 6%'s £96 1(V and 6's £92 10/. AUSTRALIAN STOCK EXCHANGES. SYDNEY, June 13. Although prices weakened for many stocks which had been over-bought last week, there was a healthy tone on the Sydney Stock Exchange to-day. Considerable profit-taking occurred at the end of last week, many speculators waiting until to-day before placing selling orders._ Buyers were inclined to be cautious in the hope that heavy selling would result in them securing stocks at good concessions. However, as the market returns to normal, and with the increased confidence as a result of the election, a strong tone is likely to develop. Banks were firmer today, but Commonwealth bonds were unsteady. The following sales took place:—Commercial Bank of Sydney, £17; Commercial Bank of Australia, 15/3; Bank of New South Wales, £28 15/; National Bank (£lO paid), £11 12/6; ditto (£5 paid), £5 12/6; Colonial Sugar, £46 5/; United Insurance, £8 2/6; Australian Gas, A shares, 117/6; Tooliey's Brewery, 19/3; Tooth's Brewery, 20/3; Howard Smith, 8/2; British Tobacco, 31/6; Fairymead Sugar, 23/1; Millaquin Sugar, 25/6; Dunlop. Perdriau, 12/4; Coldsbrough, Mort, 24/1%; Winchcombe, Carson, 19/; Australian. Glass, 40/; Broken Hill Proprietary, 16/4%; South Broken Hill, 39/9. Commonwealth 4 per cent bonds sold as follow:—1938, £95 10/; 1041, £92 7/6-19-14, £91 7/6; 1947, £91 5/; 1950, £91 2/6; 1953, £91 8/9; 1955, £92. Bonds, 3% per cent, 1947, £89 10/. Melbourne sales were: — Commercial Bank of Australia, 15/1; National Bank (£lO paid), £11 10/; Metropolitan Gas, 107/; Australian Glass, 40/; Electrolytic Zinc, pref., 21/11: Gordon and Gotch, 27/; Nestles, pref., 29/6. P. AND O. STOCK. (Received 11 a.m.) LONDON, June 13. r. and'O.- def. stock is quoted at 12/.