ON 'CHANGE.

Auckland Star, Volume LXIV, Issue 114, 17 May 1933, Page 4

ON 'CHANGE.

FLUCTUATIONS IN SHARES. FAIR BUSINESS PASSING. COLONIAL SUGARS DEARER. GILT-EDGES A SHADE EASIER. Business on the Auckland Stock Exchange continues satisfactory, rind a good anmbcr of sales has been put through since last report. There is a slight suggestion of an easier tone in Government stocks, and a parcel of 4 per cents changed hands this morning 5/ cheaper at £100 5/. Subsequently there were buyers from £100 to £100 5/ for the 4 per cents, according to maturity dates, and at £99 10/ for 3%'s. Colonial Sugars confirmed latest strength -with a sale at a new high level. In the banking section a buyer came in for Nationals of New Zealand at £3 10/, and bidders for Unions raised their offers to £7 11/. Guarantee Corporation shares were in demand at 5/. Quotations ex dividend were Taupiri Coals, with buyers at 13/, New Zealand Newspapers sellers at £1 5/6 and Burns, Philp sellers at £2 10/. New Zealand Paper Mills were asked for at £1 5/9. The Noon Call. A slight easing tendency in the market yras noticeable at the noon call. Sales of New Zealand Insurances and New Zealand Breweries were recorded at 3d below recent values, For the former .scrip buyers dropped their limits 3d, but sellers held firm. "Holders of the latter were ready to part with more at 3d above the market price, and this induced buyers to move up. In the gold mining section Nokomais did further business without change in price, and Waihi Grand Junctions were sold at a penny higher, after which bidding was firm on both sides. Auckland Gas were wanted at the price of recent sales, but holders were not xeady to come down. Grey Valleys were stronger, and a rise of 1/ in offers brought in a seller at 17/0. Government securities still hovered around par, with no business taking place and little scrip available. SAXES COMPLETED. Last Sale. AT THE 3.15 P.IH. CALL YESTERDAY— Bank or N.Z £2 5 0 .. £2 510 Renown (prof.) .. 0.0 6 '.'. 00 i> D"vonport Ferry 10 0.. 010 0 >»ortliprn Steam . 0 0 6 .. 0 (> f> X.Z. Newspapers. 1 "> (> .. 15 6 King Solomon .. 0 18.. 0 J 9 . * okc,mai Mi:: Ztl stock, io:;s-52, sj oo 12 g .. oo 15 o Auck. liar. Bd., 1037, 5± 100 10 0 .. — AT THE 10 A.WI. CALL TO-DAY — Auckland Gas .. £1 3 •> •• 1} § •• Colonial Sugar .. &0 O O .. 54 *> <> Stock, 31, 103S-52 00 12 6 .. 00 U 6 Stock, 4, 1010 ..100 0 O .. 100 iO 0, "Waitomo Power • Bd., G, 1945 .... 100 10 0 .. — AT THE 12.15 P.m. CALL TO-DAY— X.Z. Insurance -. & 0 O .. £2 9 3 N.Z. Breweries .. 10 0.. x » a Isokomai 9, ■? r •• J; 4 a Grand Junction ..041.. 040 INTEREST BATES. The return to the Investor on his outlay, based upon the latest dividends, works out as follows on the .sales. Where Government stocks are included the calculation provides for redemption at rrTituritv In the case of local body issues is also made for 20 per cent interest reduction:— PER CENT PER ANNUM. » £ s. d. Bank of New Zealand 4 18 6 Devonport Steam » JJ " Northern Steam HA % New Zealand Newspapers .. «J lb o Auckland Harbour Board, oj (1937) 1 iJ n Auckland Gas 4 Iα O Colonial Sugar ............ 4 V d Waitomo Power Board, 6 (1/8/45) 4 18 0 New Zealand Insurance 4 1 7 New Zealand Breweries ... 4 lb b, Grand Junction ° •» . ° fßased on interim dividend. •Interim dividend passed. SOUTHERN EXCHANGES. (By Telegraph.—Press Association.) WELLINGTON, Tuesday. • Stock, 1939-43, 31 per cent (March-Sep-tember) £99 12/6; Stock, 1940, 4 per cent (January-July), £100 5/; Stock, 1946, 4 per cent (February-August), £100 5/7 Stock, 1949, 4 per cent (April-Octo-ber) £100 V>l, £100 7/G; Stock, 1955, 4 p« cent (June-December), £100 5/; Bank of New Zealand, £2 5/7; Goldsbrough, Morti £1 4/2; Gillespie's Beach., 1/SJ. CHKISTCHTJECH, this day. Sales on 'Change. —Government 4 per cent Inscribed stock, 1940, £100 5/; Commercial Bank of Australia, 14/6; New Zealand Refrigerating (10/ paid), 3/11, HVeshforo , , 1/2 \ ; Okarito, ilO/9 (2 parcels), "Reported Sale.—Bank o£ New Zealand / CHRISTCHUKCH, Tuesday. Goldsbrough, Mort, £14/1; NfW Zealand Breweries, £19/ (2 parcels), £1 8/9; Klectrolytic Zinc, 18/6; Xempthorne, Prosser, £3 5/6; Wilsons Cement, £1 11/; Mount LyelL £11/0; Central Shotover, 9i<L DUNEDIN, this day. Sale on 'Change.—Kildare, 2/3. Reported Sales.—Bank of New Zealand, £2 5/; National Insurance (ex div.), 16/5; MUburn Lime, £1 7/6; Waihi Grand Junction, 4/; 103S-43, 1935-52 55 per cent Inscribed stock, £99 15/. Reported After Call.—Okarito, 10/11. DUNEDIN, Tuesday. Waitahu, 6/5 (3 parcels), C/4J ; Gillespie's Beach, 1/0; Paddy's Point, 5/6. AUSTRALIAN EXCHANGES. YESTERDAY'S BUSINESS. SYDNEY, May 16. On the Sydney Stock Exchange to-day the market generally was very firm without notable variation from yesterday's price levels. However, there was rather insistent demand for preference shares. The announcement of a new Commonwealth loan at 3% per cent caused an immediate reaction on bond values, chiefly shorter currencies, the tendency of the market being to adjust itself to yields at that level. This morning's sales included: —Commonwealth 4 per cent bonds: 1938, £104 ■12/6; 1941, £102 15/; 1944" and 1947, £103 12/6; 1950, £104; 1953, £104 7/6; 1959, £104. Bank of New South Wales, £30 3/; Australian Gas, A shares, £7 2/6; Colonial Sugar, £57. Sales this afternoon included:—Bank of New South Wales, Melbourne register, £30 5/; Commercial Bank of Sydney, £15 17/6; Colonial Sugar, £57 5/; United Insurance, £8 2/6; Adelaide Steam, 21/9; Burns, Philp (ex dividend), 50/; Associated News, 8/6; ditto, preference, 18/7%; David Jones, 25/4%; British Tobacco, 34/6; Goldsbrough, Mort, 24/3; Berlei, 25/6; Electrolytic Zinc, 18/5; Millaquin Sugar, 27/6; Huddart. Parker, 30/9; Dunlop, Perdriau, 10/10%; Tooth's Brewery, 37/4%; Toohey's Brewery, 22/3; Carlton Brewery, 37/3. Melbourne sales included:—Goldsbrough, Mort, 24/6; Electrolytic Zinc, 18/4; Australian Glass, 50/; "Herald" and "Weekly Times," 55/6; Commercial Bank of Australia, 14/10; ditto, preference, £8 IS/; Mount Lyell, 21/10%; South Broken Hill, 50/3; Norths, 76/,