ON 'CHANGE.

Auckland Star, Volume LXIV, Issue 70, 24 March 1933, Page 4

ON 'CHANGE.

FLUCTUATIONS IN SHARES. FAIR BUSINESS PASSING. Though business is not so lively as it was earlier in the week, a fair number of sales are being recorded on the local Stock Exchange. Government stocks are easier, so far as the 5H issues are concerned, and at this morning's call best bidders stopped at £97, with a parcel on offer at £98 5/'. Four and a halt's were steady, with buyers at £96 15/. In the banking section Australasias were in demand, and buyers raised their limits to £9 12/6, while £2 3/9 was offered for New Zealands. Insurances continue very firm. £3 2/6 was offered for South British and £2 7/6 for New Zealands, but holders of the latter had withdrawn in the meantime. Kaitangata Coal shares were asked for 17/, and Gear Meats had a buyer at £1 5/.' For Gisborne Sheepfarmers' debentures buyers advanced their, offers to £66 10/. The Noon Call. At the mid-day call New Zealand Insurances sold at their highest value for a very long period. This followed a rise which has been persistent over the past few weeks. After the sale there were still buyers at £2 8/. Colonial Sugars sold at a slight rise, and there was no change in the limits on either side of the market. Government bonds of the 1938 issue had a sale at recent values. SALES COMPLETED. Last Sale. AT THE 3.15 P.M. CALL YESTERDAY— Aust. P. Insce. .. fo S 9 .. £0 8 6 Auckland (ins .. 1 1 1 .. 1 1 1 Stock, 5-1,.1033 .. 00 10 0 .. 0G 10 0 Union Oil 15 C .. 1 5 6 AT THE 10 A.M. CALL TO-DAY— Bank of N.5.W.,. £20 0 0 .. £20 0 0 Bonds, 1/7/41 06 "5 0• .. 06 5 0 Bonds, Si, 1036 .'. 07 0 0 .. 08 0 0 UNLISTED STOCK. | Weres Invest. .-l o 3. 2. .. 0 3 2; AT THE 12.15 P.M. CALL TO-DAY— j Colonial Sugar ..£54 5 0 .. £54 0 0 N.-Z. Insurance .. 2 S O .. 2 7 0 Bonds, 10-jS, 4 J .-. 07 0 0 .. 07 0 0 — i SOUTHERN EXCHANGES. (By Telegraph— Press Association.) • WELLINGTON, Thursday. National Bank of New Zealand, £3 5/; Bank of New Zealand, £2 3/0 (2 parcels), £2 3/7 i. £2 3/S ; Auckland Gas, £1 1/1; Staples' Brewery, £1 2/S (2 parcels); British Tobacco, £1 13/0; Colonial Sugar, £54 2/6; Woolwortlis (N.Z.) (pref.), £1 11/9. CHRISTCHURCH, this day. Government 4| per cent bonds, 1041, £97 5/; Bank of New Zealand, £2 3/10; New Zealand Breweries, ill 7/2 (2 parcels) ; Golden Point, 2d (2 parcels) ; Nokomai, 4/6. Reported.—New Zealand Breweries, £ 1 7/si. . CHRISTCHURCH, Thursday. 1 Bonds. 103S, 4i per cent (May-Novem-ber), £07; 1030. 4J per cent (AprilOctober), £06 15/, £07; 3 037, 5J per cent (February-August), "£ 08 15/; Bank of New South Wales, £28 17/6; Bank of New Zealand, £2 3/6, £2 3/B,' £2 3/0; Staples' Brewery, £1 2/8; British Tobacco, £ 1 13/10, £1 • 13/0 ; Electrolytic Zinc (pref.), £-1 8/2; Woolworths (N.Z.) (pref.), £1 11/o (2 parcels). CALL AND DIVIDEND LIST.

DIVIDENDS. Due. Bank of Australasia —Final, .4/ per share Mar. 31 Dunlop, Perdriau—lnterim, pref., 5 p.c » Mar. SI British Tobacco—Ord. 1J p.c. quarterly Mar. 31 Beath and Co. —Interim, pref. 2J p.c, ord. 4 p.c Mar. 31 Taddy's Point—First, 3d a share April 3 Kempthorne, Prosser —Final, 4 p.c : April 6 Electro. Zinc pref.—Arrears, halfyear ended December 31, 1931, 4 p.c .' April 29 Imperial Chemicals—Final, ord., 3i p.c June 1 CALLS. Golconda—ld a share April 20 GOVERNMENT LOANS. BASIS OP QUOTATIONS. (By Telegraph.—Press Association.) WELLINGTON, Thursday. The Stock Exchange Association, in order to clarify for investors the arrangements made for future quotations of Government loans, has made the following further statement: — It is hoped by the Treasury, on account of the organisation for allocating new dates as applications for conversion come in, that it will not be long after April 1 before holders of converted stocks begin to receive advice of their new maturity dates. As each holder receives his notice he will naturally quote the new rates of interest and the new maturity date in order to give complete information to the buyer. The use of the word "assented," following the old interest rates and maturity dates, will consequently soon be unnecessary. The term "cum conversion" will follow the old interest rates and maturity dates, and will be used from March 25 to 31 only, because sales up to and including March 31 carry any premium on account of adjusted interest, which is being calculated by the Treasury under the old 10 per cent tax up to that date, payable on or before May 15. On and after April 1 all c- r.verted holdings are ex premium and adjusted interest, and carry the new rates of interest which accrue from the beginning of next month. As the number of holdings not converted is up to the present small there is no necessity to use any expression to designate this class. Interest at the old rates, subject to 10 per cent tax up to and including March 31 anil to 33 1-3 per cent deduction from April 1 onward, will be paid on the usuui dates originally appointed under each loan, and there will be no special adjustment of interest for these unconverted holdings as there is witli converted ones.

AUSTRALIAN EXCHANGES. YESTERDAY'S BUSINESS. SYDNEY, March 23. On the Sydney Stock Exchange to-day tlicro were fairly heavy dealings in Commonwealth bonds at higher rates. Otherwise there was little, change and the market was steady. Sales this morning included: Commonwealth 4 per cent bonds, 1938, £102 15/; 1957, £103 6/3: 1959. £103 10/; 1901, £102 5/: Australian Gas, A shares, to £6 18/; Broken Hill Proprietary, 2S/9. Closing sales included: Colonial Sugar, £54 15/; Associated News. G/G; Howard Smith, 9/; British Tobacco, Melbourne register! 34/10%; Tooth's Brewery, 33/; Toohey's Brewery, 20/3; Morris, Hedstrom, 18/; Dunlop. Perdriau. 17/3: ditto, pref., 32/3: Goldsbrough, Mort. 23/ iy 2 ; Winchcombe. Carson, 23/; Henry Jones, 37/9; Victoria. Nyauzci, 14/6. Melbourne sales included: Goldsbroush. Mort, 23/; British Tobacco. 34/9; "Herald" I and "Weekly Times." 57/ C; Bank of Australasia, £10 5/; Taranaki Oil, 2/3. LONDON EXCHANGE.. (Received 11 a.m.) LONDON, March 23. Mount Lyell, 15/1%; P. and'O. deferred Stock, 15/3.