ON 'CHANGE.

Auckland Star, Volume LXIV, Issue 102, 3 May 1933, Page 4

ON 'CHANGE.

FLUCTUATIONS IN SHARES. MARKET IMPROVES. MORE SALES PUT THROUGH. Business on the Auckland Stock Exchange lias been quite busy over the last 24 hours, and a good list of sales has been recorded. Speaking generally, values have been we'll maintained, and in some cases fresh advances have been recorded. Government stocks were again in request at this morning's call, with 4 per cents asked for at par and 3%'s at £98 10/. The only offering was a parcel of 4 per cent 1940 stock at £101. Auckland Gas shares were firm, and after last night's sale at £1 2/6 there were buyers at £1 2/4 and no sellers. Australian Gas Light £6 shares were on offer at £7 1/6. Wailiis were steady, with buyers at £12/9, and holders asldng £1 3/6. Northern Steams were on offer 3d lower, at 7/, and Dominion Breweries had sellers at 8/6. The Noon Call. Firm values were maintained at the noon call, and sales of South British Insurances, Colonial Sugars and Wilsons Cements show no change since yesterday. Golcondas continued in demand in the gold mining section and recorded a penny rise, with further buyers only Md lower, and sellers asking 1/ at the close of the call. Waihis were sought at yesterday's values, after further business had been done. Pukemiros showed a rise of 1/ or. Monday's values, and more wanted at 3g below to-day's price, but sellers had moved up. Government securities, for which buyers have raised their offers to par in all the 4 per cent issues, were not obtainable. The quotations list showed a blank in the sellers' column for both bonds and stocks. Auckland Harbour Boards had another sale of the 1936 4 per cents at 5/ higher than yesterday. SALES COMPLETED. Last Sale. AT THE 3.15 P.M. CALL YESTERDAY— N.Z. Insurance .< £2 9 9 .. £2 9 9 South British ... 3 5 0 .. 3 4 0 Colonial Sugar .. 55 15 0 ..55 15 0 Kemp., Prosser.. 3 5 0 .. 3 4 0 N.Z. Refrigerating 010 7 .. 0 9 0 Wilsons Cement . 1 12 6 . . 1 12 3 Alexander Mines. 010 0 .. 0 12 3 Waihi 1 3 0 .. 1 3 0 Auckland Gas .. 12 6 .. 12 1 N.Z: Paper Mills. 1 5 0 .. 1 2 7A Okarito 0. 9 6} ... 0 9 ,\4 AT THE 10 A.M. CALL TO-DAY— Bank of N.5.W... £29 5 0 ..£29 0 0 Bank of N.Z. (2) - 2 5 0 .. 2 5 0 South British ... 3 5 0- y." 3 5 0 City of Auckland, 1936, ai 99 0 O ..99 0 0 UNLISTED STOCK. BeU, Hooper 0 1 0 „ 0 0 11 AT THE 12.15 P.M. CALL TO-DAY — South British .. £3 5 0 .. £3 5 0 Pukemiro 1 0 0 .. 019 0 Colonial Sugar .. 55 15 0 .. 55 15 0 Wilsons Cement.. 1 12 0 .. 112 6 Golconda 0 Oil .. 0 010 Waihi 1 3 0 .. 1 3 0 Auck. Har. Bd., 1936, 4 p.c. ~.. 99 5 0 .. 99 0 0 INTEREST RATES. The return to the investor on his outlay, based upon the latest dividends, works out as follows on the latest sales. Where Government stocks are included the calculation provides. for redemption at maturity. In the case of local body issues allowance is also,made for 20 per cent interest reduction:— . PER CENT PER ANNUM. £ s. d. \ New Zealand Insurance .... 405 \ South British 4 2 1 V Colonial Sugar 4 0 8 V Kempthorne, Prosser •••••• 412 4 V Wilsons Cement 6 3 1 • c 'Waihi 8 13 11 Gas 4.17. 9 oNew Zealand Paper Mills .. 512 0 S?ank of New South Wales. .384 lF?ank of New Zealand 5 0 0 City of Auckland 51 (1936) 5 0 0 Pukemiro 7 10 0* i *Passed interim dividends > SOUTHERN EXCHANGES. ■} (By Telegraph.—Press Association.) ) WELLINGTON, Tuesday. Bank of Australasia, £10 7/6 ; "ShaVland and /Co., 18/6; Wilsons Cement, £1 12/4; Big: River, 1/33. CHRISTCHURCH, Tuesday. Commercial. Bank of Australia, 14/5; ,E ; , S. and A. -Bank, £4 5A £4 5/6; • .National Bank of Australasia (£5 paid), £$.18/, £5 18/6;, Bank, of New Zealand, £2 4/9 (3 parcels), £2 5/; Goldsbjough, Mort, £1 2/6; Westport Coal, 13/8 ; New Zealand Bpeweries, £1 .9/11 (3 parcels), £1 9/10; Beath and Co. (1/ paid), 4/; Electrolytic Zinc (pref.), £1 9/4; Kempthorne, Prosser, £ 3 5/; United Building, 17/ (2 parcels) ; Alexander, 9/; Big River, 1/3 (2 parcels), 1/33 ; Lawson's Flat, 1/23 (4 parcels); Nokomai, 5/1 (3 parcels), 5/11; Waitahu, 5/3; Freshford, 1/3, 1/4. Unlisted Shares.—Ao-te-a-roa Gold, 1/9 (4 parcels) ; Bell Hooper, Hid (3 parcels) ; Central Shotover, BJd (2 parcels). DUNEDIN, Tuesday. Gillespie's Beach, 1/45 ; Freshford, 1/2J ; Okarito, 9/6. AUSTRALIAN EXCHANGES. YESTERDAY'S BUSINESS. SYDNEY, May 2. On the Sydney Stock Exchange to-day the market again was very active and the turnover covered a wide variety of stocks. Prices generally were firmer. < This morning's sales included: —Commonwealth 4 per cent bonds, 1938, £104 5/; 1953, £104 6/3; 1959, £103 12/6; National Bank (£5 paid), £5 19/; Goldsbrough, Mort, 23/; Tooth's Brewery, 36/6. Sales this afternoon included:—Bank of New South Wales, £29 15/; Commercial Bank of Sydney, £15 12/6; National Bank (£5 paid), £5 19/; Associated News, 8/; ditto, preference, IS/4%: Australian Gas, A shares. £7 0/6; ditto, B shares, £7 0/6; British Tobacco, 34/9; Dunlop, Perdriau, 36/10%; Goldsbrougli, Mort, 23/; Tooth's Brewery, 36/6; Henry Jones, 37/6; Fairymead Sugar. 26/6; Electrolytic Zinc, preference. 29/9; Broken Hill Proprietary, 32/6: Zinc Corporation, 27/10%. Melbourne sales included:—Goldsbrougli, Mort, 23/; Dunlop, Perdriau, 16/11; .Mount Lyell, 20/4%. L AUSTRALIANS IN NEW YORK. NEW YORK, May 1. Sales of Australian Government bonds on Wall Street to-day compare with those on April 3 as follow:— April 3. May 1. Dollars. Dollars. Commonwealth —- 5 p.c., Jan.-July, 1955 78 8-1 5 p.c., Mar.-Sept., 1957 703 82J 43 p.c., May-Nov., 1956 72J 79 New South Wales— 5 p.c., Feb.-Aug., 1957 73J 79 5 p.c.« Apl.-Oct., 1958 . 733 79 Queensland — 7 p.c., Apl.-Oct., 1942 90 932 C p.c., Feb.-Aug., 1947 — 83J —Not quoted. STERLING IN FRANCE. PARIS, May 1. The pound sterling was quoted on tlie Paris Bourse to-day at 84.60 francs and later touched 81, the lowest rate since December. This is attributed to heavy selling of sterling by the Exchange Equalisation Fund. Some financial observers say it was done to convince the United States that Britain is determined to counteract the depreciation of the dollar.