ON 'CHANGE.

Auckland Star, Volume LXIV, Issue 16, 20 January 1933, Page 4

ON 'CHANGE.

FLUCTUATIONS IN SHARES. EXCHANGE RATES AFFECT VALUES. WAIHI'S SHARP ADVANCE. As was expected, the increase in exchange rates was promptly reflected on the Auckland Stock Exchange, and there was a sharp rise in securities representing interests that seem likely to benefit from the alteration. Thus Waihis, which had a late sale yesterday afternoon at 19/3, changed hands at this morning's call at 21/. Offers for Australian hank shares were raised, and there were buyers for Commercials at 15/, whilst rates for New Zealand banks were unchanged. Other Commonwealth securities reflected the change. Sellers raised their reserves for Goldsbrough, Morts to £1 4/6, and for Colonial Sugars to £53.

Government stocks showed virtually no chanjre. There were buyers for iVs's at £95 5/, and for olis's at £101. Tho Noon Call. Though parcels of only two ' different issues changed hands at the noon call, the tone was. brisk, with buying quotations in many cases showing advances. A large parcel of Wailiis changed hands at a high figure, £1 1/6, and bidding for them was keen. Sellers have reduced their demands to £1 1/9. Grand Junctions' have buyers up to 3/6 now, with sellers at 4/. Bidders for Golden Dawns mean business too, evidently, as buyers have climbed up to 4/6, while sellers have conceded Id, to 4/8. Colonial Sugars have buyers at £51 10/, holders £52 5/. Government issues are firming, 1038 and 1939. 4% per cent bonds having buyers at £95 10/, a 5/ rise.

SALES COMPLETED. AT THE 3.1 B P.M. CALL YESTERDAY— Last Sala. Commerc. Bank £0 14 8 .. £0 14 6 , Bank of N.S.W.- 27 0 0 .. 26 15 O Bank of N.Z. .. 2 2 0 .. 2 2 0 2 19.. 220 Kauri Timber .. 011 3 .. 031 3 Mount Lyfell .. 019 6 .. 019 41 Govt. Stock (41, - _ . „ .1938) 9"> 0 0 .. 9o 0 0 Govt. Bonds (4i, 1938) 9 o o 0 .. 9o 0 0 Govt. Bonds (oi, 1937, Feb.) ... 101 0 0 ..101 0 0 GoTt. Stock (oi, . mi a a 1937, Sept.) ..101 0 0 ..101 0 O UNOFFICIAL. Don. Brewery . 0 6 0.. — AT THE 10 A.M. CALL TO-DAY— .Wilsons Cement £16 9 .. £1 6 9 ; "VVaihi 1 1 0 M 019 3 AT THE 12.15 P.M. CALL TO-DAY— Wailils (3) ..... £116 .. G |l t p.e.°( C |ept 9 ) '101 0 0 .. 101 0 0 interest bates.

• The return to the ori lay,; hascd upon tlie latest sales, works out as follow mun j c i P al stocks of Government 10 per cent stamp tax. PER CENT PER ANNUM. SX'Ss" 1 1? |. Bank of New Zealand 2 11 3 Mount Lyell »••• • ••• !Jaoo\ 546 -Government stock, 4 a (1938) 5 6 Government stock, (IJo ) 6 Wilsons Cement 9 10 6 * \y a ihi •Based on interim dividend.

CALL AN3> DIVIDEND LIST. dividends. Due N.Z. and River Plate— 35 Nqw Union Bank—lnterim,'2/"a"sliare Jan. 25 Wellington Woollen Interim, 1 Jan^ His Majesty's Arcade—Pref., 5 l'-u Jan _ p.c. p.a., ord. 6 p.c. p.a. .. ■• • British Tobacco —Pref., qrty., .64 Jan _ 31 Commercial Bank of Australia— Interim, pref., 2 p.c.; 25 Feb _ 3 Weilingtoi'Gas—Finai/8 p.c., Feb. 7 N.Z. Insurance —Interim, 1/ a g Broken Hiil South: 1/ jq Queensland, National Bank in- g terim, 4 p.c. p.a. .... •• ••• •••* Christchurch Gas—Emal, 6 p.c., p!a. •• • •••••• ••• •• • •

SOUTHERN" EXCHANGES. (By Telegraph.—Press Association.) WELLINGTON, Thursday. <!tock 4i (1939, April-October), £95 5/; Commercial Bank of 14/ . ■Rnrilr* of New Zealand, £ - -*/. . ~ Wellington Gas, £1 9/6; Colonial Sugar, £> 48. / CHRISTCHURCH, this day. gales.—Commercial Bank of Australia fcum dlv.), 16/ (4); New Zealand Insurance (cum div.), 43/6, 44/; I>alsety an Co., £8 (2); Goldsbrough, Mort, 24/ (3) , New Zealand Breweries, 26/11, \ /o\ *>7/ft (2) * Dunlop Rubber, lu/J» -&rol/tic Zinc (pref.), 28/7, 28/6 (8) ; T.vell 21/ (7); Blackwater, 21/6, 22/ • Golden Sands, 2/11; Nokomai, 5/9. CHRISTCHURCH, Thursday. <stopk 5*- (1937, September-March), £190 17/6; stock, 4J (1989, AprH-October) £94 17/6; Bank of New South Wales, £ Daleety and Co., £6 19/6; Goldsbrough, .-'Mort £1 2/2, £1 2/3; Electrolytic Zinc, 16/6; Golden Point, 31d. DUNEDIN, this day. Sale.—New Zealand Breweries, 27/. Reported Sales.—Kawarau, Od , Gillespie s Beach, 91d; Government stock, 4S (lJd»), ' £90. DUNEDIN, Thursday. Stock, 41 (1939, April-October), £96. AUSTRALIAN STOCK EXCHANGES. YESTERDAY'S BUSINESS.

I. SYDNEY, January 19On the Sydney Stock Exchange to-day " brokers were commissioned to execute numerous buying orders, and all passes of securities showed a relatively fixed income return. Commonwealth bonds weie holding well. Brewery shares attracted moderate attention. Gaslight shares went higher, as did Broken Hill Proprietary. Banks were very firm. This morning's sales included the loilowinc: —Commonwealth 4 per cent bonds: 1947, £103 5/; 1950, £103 15/; 1961,, £103 5/ New Zealand Debentures, 5%, 1937, £112 10/ and £112 15/. Bank of New Zealand, 47/4%; Australian Gas, A shares, £7; Goldsbrougli, Mort, 24/10%; Tooliey s . Brewer}-, 20/9; Tooth's Brewery, 30/4%. ' Closing sales included the following: • Bank of New South Wales (Melbourne register), £30 13/6; Bank of New Zealand, 47/4% Colonial Sugar, £54 2/6; Mercantile Mutual Insurance, 17/3; Burns, Philp, 47/6- New Zealand debentures, 5V2 percent, 1937, £112 10/ and £112 15/; Australian Gas, A shares, £7; Tooths Brewer? 35/4%: Toohey's Brewery-; 20/b; Herirr Jones, 37/9; Dunlop-Perdriau, 17/3; bS tXco.32/7%! ditto, pref 26/6; Australian Glass, 45/6; Broken Hill Pro prietary, 27/3; Mount Lyell, 22/ Melbourne sales included:—British Toi bacco, 32/6; "Herald and Weekly Times," 56/6; Commercial Bank of Australia, 16/6; Metropolitan Gas, £12 4/; Blount Lyell, 21/10%; North Broken Hill, 71/.