ON 'CHANGE.

Auckland Star, Volume LXIV, Issue 115, 18 May 1933, Page 4

ON 'CHANGE.

COLONIAL SUGARS UP. SALES AT RECORD PRICE. WAIHI MIXES ACTIVE. A fair list of sales was put through at the last call yesterday, but this morning's gathering terminated with a blank sheet, cxcept for a sale of New Zealand Brewcries shares brought over from the night before. Fresh bidding was not particularly animated, though values in general were fairly stable. There was a slight easing in Government stocks, and a parcel of 4 s (1949) was 011 offer at £ 100 10/, and one of the 'oo's at 0/ less. Buyers offered par for stocks and 5/ more for bonds. Tor 3Vi's £01) 10/ was available, with no sellers.

The announcement of Grand Junction's 4d dividend made little impression on the market. Buyers dropped their offers to 3/0, but vendors still held out for 4/1. 111 the banking section buyers for Unions moved up to £7 12/0. Insurances were inclined to ease, and South British were 011 oiler at £3 .5/6, with buyers stopping at £3 5/. The Noon Call. Colonial Sugars reached a new high level at the noon call, and business was done freely at 5/ above the value of recent sales. There were more buyers at th.s advanced level, but sellers moved up to 10/ higher. To-day's price was the highest recorded locally since the ojisct of the slump and indicated the strong iead that this scrip has established among industrial securities. Considerable activity in Waihis was another feature of the market, the price being at the slightly lower level reached yesterday afternoon. More were wanted at 2d lower^ Bank of New Zealand sold at the same price as the previous sale, and quotations were unchanged. In Government securities inscribed stock of the two earliest 4 per cent issues ■was on offer at 15/ above par, but buyers would not advance. SALES COMPLETED. Last Sale. AT THE 3.15 P.M. CALL YESTERDAY— Stock, llMrt. 4 ~£IOO o ..£IOO 30 O Bank of N.Z 2 r, T .. 2 5 S 2 5 0 .. 2 5 7 South British .. ."1 4 .. ■'! 0 N.Z. Paper Mills 10 0.. 1 O 0 Wailii 1 2 3 .. 1 2 0 1 2-> o .. 12:: Gillespie's Beach. 0 10.. 0 1 G UNLISTED STOCK. Bell, Hooper £0 011 .. £0 011 AT THE 10 A.M. CALL TO-DAY — N.Z. Breweries .. £10 0 .. £19 0 AT THE 12.15 P.M. CALL TO-DAY— Bank of N.Z. .. 2 5 6.. 256 Dom. Breweries . O <> l> .. 010 0 Col. Sugar (3) .. 50 5 0 .. 06 O 0 Wailii (3) 12 0.. 120 INTEREST RATES. ,

The return to the investor on his oat ley, based upon the latest dividends v orks out as follows on the latest sales Where Government stocks are mcludec 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. Stock, 4 (1940) 4 0 8 Bank of New Zealand 418 10 South British 4 1 8 New Zealand Taper Mills . . o 0 8 Waihi » ° New Zealand Breweries ... 4 10 0* Bank of New Zealand 4 18 10 Colonial Sugar 4 J 0 •Based on interkn dividend. SOUTHERN EXCHANGES. (By Telegraph.—Press Association.) WELLINGTON, Wednesday. Stock, 1940, 4 per cent (FebruaryAugust), £100 7/G: Bank of New South Wales, £30 2/G. £30 4/; Bank of New Zealand, £2 0/10; Big River, 1/u (3 parcels). CHRISTCHURCH, this day. Sales on 'Change.—New Zealand Refrigerating (10/ paid), 3/10; Mount Lyell. £1 1/7 (2 parcels); Fresliford. 1/31 (o parcels) ; Golden Point, lid; Golden Sands, 3/01 and 3/ (2 parcels) ; King Solomon, 1/7: Lawson's Flat (1/ paid), 1/0; Isokomai, 4/9 ; Okarito, 10/8. CHRISTCHURCH, Wednesday. Stock, 1938-43, 31 per cent (MarchSeptember), £99 15/; 1938-52, 31 per cent (May-November), £99 15/; Clirislchurch Drainage, 1965, 51 per cent, £100 10/; Bank New South Wales, £30 (3 parcels); Bank of New Zealand, £2 5/10; New Zealand Breweries, £1 8/10; British Tobacco, £1 14/2; Mount Lyell, £1 1/7 (3 parcels) ; Consolidated Gold, 9/71, 9/8, 9/81, 9/8 ; Nokomai. 4/9. Unofficial list. —Maerewhenua, 0d paid, sd; Bell Hooper, IOJd. DUNEDIN, this day. Sale Reported.—Gillespie's Beach, 1/6. Late Sale Yesterday.-—Waitahu, 0/01. DUNEDIN, Wednesday. National Insurance, 16/6; Mount Lyell, £1 1/9; Waitahu; 6/6; Gillespie's Bench, 1/0; Central Sliotover, 9d; Kildare, 2/2 (2 parcels). ' Unofficial List.—National Tobacco, £2 IS/G. AUSTRALIAN EXCHANGES. SYDNEY, May 17. On the Sydney Stock Exchange to-day there was a further recession of values of bonds and shares, the movement representing an adjustment of the market to meet the proposed new Commonwealth loan. This :• orning's sales included: Common-! wealth 4 per cent bonds, 1938, £104 2/6; 1953, £103 17/6; 1957, £103 5/; 1959, £103 15/; Broken Hill Proprietary, 32/10%; Winclicombe Carson, 25/3; British Tobacco, 34/7%; Tooliey's Brewery, 22/1%. Sales this afternoon included: Bank of New South Wales, Melbourne register, £30 5/; Commercial Bank of Sydney, £15 15/; Colonial Sugar, £a 7 2/0; liurns, Philp, 50/; Huddart, Parker, 30/'; Adelaide Steam, 21/7%; Associated News, 8/3; ditto, preference, 18/6; Australian Gas, A shares, £7 3/; British Tobacco, 34/7%; Australian Glass, 48/9: Duulop, Perdriau, preference, 33/3; Goldsbrougli, Mort, 24/3; Electrolytic Zinc, 18/; Henry Jones, 37/6; Millaquin Sugar, 27/6: Winclicombe, Carson, 25/3; Mount Lyell, 21/9; Broken Hill Proprietary, 32/7%: Zinc Corporation, 27/9. Commonwealth 4 per cent bonds, 1938, £104; 1941, £102 8/9: 1944, £103 5/; 1947, £103 12/6; 1950 and 1953, £103 17/6; 1955, £104 2/6; 1957, £102 15/; 1959, £103 10/. Melbourne sales included: Dnnlop, Perdriau, 16/11: Nestle's. preference, 33/9: South Broken Hill, 50/6; Mount Lyell, 21/9.