ON 'CHANGE.

Auckland Star, Volume LXIII, Issue 209, 3 September 1932, Page 4

ON 'CHANGE.

FLUCTUATIONS !N SHARES. MARKET'S HEALTHY TONE. WEEK FINISHES STRONGLY. Although there has been a slight decrease in the number of sales recorded over the last 24 hours the week finished with values firm. In the banking section Commercials continued to advance, and had a sale at 14/7, a rise of 6d in the week. English and Scottish were also in keen request, and buyers moved up to £4 10/ without getting possession of the scrip. National Insurances were still wanted at 14/. Dominion Investment and Banking were again on offer at 19/, bringing a buyer at Colonial Sugars were firm, with buyers at £45, and bids for Wilsons Cement were raised to £1 11/3. Farmers' Trading B pref. shares were offered 6d lower at 9/6. In Government stocks a buyer offered £93 for the SVi's. SALES COMPLETED. Last. Sale. fIT THE 3.15 P.M. CALL YESTERDAY— National Bank o£ New Zealand .. £3 IS 6 .. £3 10 0 Bank K.S. Wales 27 5 0 .. 20 1.1 O Bank New Zealand 2 7 0., 277 2 7 101 .. 2 7 0 Union Bank 700.. 736 Colonial Sugar .. 45 2 C ..44 15 0 fIT THE 9.30 A.M. CALL TO-DAY — Commercial Bank of Australia .. 014 7 .. 014 4 Bank New Zeair.iid 2 7 0.. 270 Govt. Stock, 1037, 5i p.c, Sept. .. OS 17 O .. — AFTER THE CAIX. Govt.' Stock, 1030, 4J p.c- 9." 7 0 .. 0." 7 C N.Z. Bi-ewerirs 17 0.. 170 Guarantee Corp. 0 511;. 0 5 10} Commercial Bank ' of Australia .. 0 14 S .. 014 7 INTEREST RATES. The return to the investor on his outlay, based upon the latest dividends, works out as follows for the latest, sales. Where Government or municipal stocks are included the calculation provides for redemption at maturity, and for payment of Government 10 per cent stamp tax: — PER CENT PER ANNUM. £ s. d. National Bank of N.Z 4 9 2 Bank of New South Wales.. 3 13 4 Bank of New Zealand 0 0 1 Union Bank 2 14 9 Colonial Sugar 5 10 4 Commercial Bank 3 16 2 Government Stock, s£, 1937 (September) 5 5 3

. SOTJTHEBN EXCHANGES. (By Telegraph.—Press Association.) CHRISTCHURCH, Friday. 8., S. and A. Bank, £4 11/; Bank of X»w Zealand, £ 2 7/9: New Zealand Refrigerating (con.), 4/4; New Zealand Breweries, £1 7/3; Tooth's Brewery, £1 <V 9: British Tobacco, £1 10/; Howard Smith, 10/; Waihi Grand Junction, 2/9, 2/9J 2/10; Golden Dawn, 5/2 (3 parcels) ; Okarlto, 8/4J, 8/5. WELLINGTON, Friday. Stock, 1937, 5J per cent (FebruaryAugust), £99 5/ (2, parcels) ; Wellington Harbour Board, 1940, 5J per cent (ex int.), £99; Bank of New Zealand, £2 7/9 13 parcels), £2 8/ (2 parcels); Union Tlnnk, £7 6/; ditto (Melbourne register), J ~ 7 G/6 ; National Insurance, 14/ ; New Zealand Guarantee Corporation (ord.), V10J; Wellington Gas, £1 10/6; New Zealand Breweries, £ 1 7/3 ; Electrolytic Zinc (pref.), £1 5/1 J ; Bank of New Zealand, £2 7/10. DUNEDIN, this day. ■ Sale Reported.—Eaiapoi Woollen (ord.), 5/3. DUNEDIN, Friday. Wright, Stephenson (pref.), 12/9; New Zealand Paper Mills, £11/; Golden Point, sad. BUSINESS IN THE SOUTH. . (By Telegraph.—Special to "Star.") , . CHRISTCHURCH, this day. The "Christcburch Times" reports 'as follow:— The week on 'Change lhae been a very active one, prices generally advancing ' under strong straying pressure, and it is some time eince buyers made such a distinct move. The upward trend may be due to a large extent to the strength pi' the Australian markets, .but Dominion issues have shared in the movement. Prices are firm throughout. Daily business of two periods affords the following comparison:—This week 24,579, last week 34,928. An analysis of business is as fol- . lows, with figures for the previous week in parentheses:—Banks, 3984 (4296); insurance, 550 (50); loan and agency, 2065 (1662); breweries, 1470 (2300); meat, 2100 (950); coal, 300 (nil); mining, 12,550 (25,000); miscellaneous, 1560 (670). AUSTRALIAN STOCK EXCHANGES. YESTERDAY'S BUSINESS. SYDNEY, September 2. Investment business on the Sydney Stock Exchange to-day compared with yesterday was slacker, but the turnover retained its diversified range and the market continued its upward swing. This morning's sales were:—Commonwealth 4 per cent bonds: 1938, £99 18/9; 1941, £99 16/3; 1944, £99 13/9; 1959, £98 12/6; 1961, £99 7/6. Commercial Bank of Sydney, £16 10/; Bank of New South Wales, J_9 15/; Australian Gas, A shares, £6 13/: Tooth's Brewery, 32/3; Australian Glass, 44/3; British' Tobacco, 34/; Goldsbrough, Mort, 28/6. Sales this, afternoon were:—Bank of New South Wales, £29 17/6; Commercial Bank of Sydney, Melbourne register, £16 15/; National Bank (£5 paid), £6 2/6; English, Scottish and Australian Bank, £5; Colonial Sugar, £50 10/; Fairymead Sugar, 23/6; Millaquin Sugar, 26/; Burns, Philp, 46/3; Victoria Nyanza, 17/; Henry Jones, 34/3; Australian Glass, 44/3; Electrolytic Zinc, 17/; ditto, pref., 28/7%; Dunlop Perdriau, 16/; Carlton Brewery, 36/; Tooth's Brewery, 32/3; Toohey's Brewery, 21/4%; British Tobacco, 34/; ditto, pref., 25/7%; Goldsbrough, Mort, 28/3; Winchcombe, Carson, 24/9; Broken Hill Proprietary, 20/6; North Broken Hill, 71/6; Souths, 49/6; Mount Lyell, 23/6; S.;lphide Corporation, 10/4%; New Zealand Debentures, 5% per cent, February, 1937, £109 15/. Commonwealth 4 per cent bonds: 1938. £99 18/9; 1941. £99 16/3; 1944, £99 17/6; 1947, £99 17/6; 1950, £98; 1953, £98 2/6; 1955, £98 3/9; 1957, £98 5/; 1959, £98 13/9; 1961, £99 7/6. Melbourne Sales were: —Commercial Bank of Sydney, £16 10/; Goldsbrough, Mort, 2871%; British Tobacco, 34/; Electrolytic Zinc, pref., 28/3; Mount Lyell, 23/3; forward. 23/9; North Broken Hill. 71/3; Souths, 49/6; Zinc Corporation, 30/6. LONDON STOCK EXCHANGE. (Received 11 a.m.) LONDON, September 2. Mount Lyells are quoted at 19/4%, and P. and O. deferred stock at 19/10%.