ON 'CHANGE.

Auckland Star, Volume LXIV, Issue 130, 5 June 1933, Page 4

ON 'CHANGE.

HOLIDAY MARKET. NOT SO MANY SALES. INSURANCES IN DEMAND. On account of the races at Ellerslie the Auckland Stock Exchange curtailed its normal activities to-day to the extent of cutting out the usual afternoon call, while the two calls that were held took place half an hour earlier than is customary. At the morning call a holiday tone was evident, and bidding was largely confined to a restatement of "Friday's quotations. The demand for insurances and banks was steady, and New Zealand Insurances had business at £2 0/0 'and £2 0/6, with buyers still in at the lower figure. Holders of Colonial Sugar shares dropped their limits 5/, to £50 5/. and Waihis were steady, with buyers at £1 2/. Australian mining scrip attracted more attention, this being due to the firmer market for metals. There was .tlie usual inquiry-for Government stocks, and a couple of sales of Is was recorded at • £100 7/6. after winch buyers offered from .£IOO to £100 5/, according to maturity date. '1 hree and a half's wefe wanted at £00 10/ to £00 12/6, but there were none on. offer. Little Business Done.

Only one sale was put through at the second call, a parcel of Now Zealand hcfrigerating contributing -shares being transferred at last week's closing price. There were more buyers ready to give S/3, with sellers 3d above. In the banking section Commercials of Australia were wanted at the highest value they reached in last week's rise, and offers were advanced also for English • and Scottish and Nationals of New Zealand, the later scrip being sought at 4/ higher. Parcels of New South Wales and Bank of New Zealand were available at prices which had little attraction for buyers. Pew changes were made in industrial and miscellaneous quotations, and the only variation in Government securities was a rise of 5/ in bids for 1940 4 per cent bonds.

The Late Mr. Hull. Before proceedings commenced at the first call to-day reference was made by the chairman, Mr. G. C. Creagh, to the death of Mr. F. Hull, Father of the Exchange. Mr. Creagh paid a warm tribute to the sterling worth of their late esteemed member, and at his request members stood for a few moments in silence as a mark of respect to his memory.

SAXES COMPLETED. Last Sale. AT THE 9.30 A.M. CALL TO-DAY— N.Z. Insurance .. £2 S> .0 .. i- .9' ■■■J 2 9 6 .. 2 9 0 Farmers' Aue. .. 1 J 6 — Vfataki 0 1 7 .. 0 1 8 Stock 4, 1040 .... 100 7 6 .. 100 30 0 Stock' 4, 1055 100 7 6 ..100 o 0 AT THE 11.30 A.M. CALL TO-DAY— N.Z. Kcfrig. (cont.) £0 5 o' .. £0 5 5 SOUTHERN EXCHANGES. (By Telegrapti. —Press Association.) CIIRISTCHURCH, this day. Sales on 'Change.—National Bank of New Zealand, £3 14/6 and £3 10/ (2 parcels) ; Union Bank of Australia, ■■£8 4/, New Zealand Refrigerating (10/ paid), 5/5 (6 parcels) ; New Zealand Breweries (cum div ), £1 11/ (0 Parcels); Dominion Fertiliser, 11/; Punlop Rubber, 18/6. Mount I/yell, £12/4 (4 parcels) ; Lawson's Flat (1/ paid), ,1/C and 1/0J (o parcels).

DUNEDIN, t!\is day. Sale on 'Change. —Freshford, 1/. Keported Sale. —refrigerating (con.), After Call.. —Gillespie's Beacli, 1/0 (2 parcels).

INTEREST KATES. 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 ipade for 20 per cent interest reduction; —. PER. CENT PER ANNUM. £ s. d. "New Zealand Insurance .... 4 0 0 Stock, 4 per cent (4949)-... 4 0 0 CAM. AND DIVIDEND LIST. DIVIDENDS. Due. National Bank of Australasia — Final, 5 p.c. pia. Now Farmers' Trading—A and B pref., 7 p.c. p.a'. (less 20 p.c.) Now Imperial Chemicals —Final, ord., 3i p.c. Now Wilsons Cement—Final, 1/a share June 7 IVaihi Junction —4d a share June 7 Jiobinson Ice Cream—6 p.c June 13 Golden Sands —First monthly, 5 pc. .; June 15 Okarito—lo p.c June 10 Broken Hill South —1/ a share.. June 23 North Broken Hill—l/ a share .. June 29 Morris, Hedstrom —Final, 2 p.c... June 30 British Tobacco —Quarterly, 1J p.c June 30 Bank of New Zealand—Final, ord., 5 p.c.; D Mort.. 33 p.c. — June — New Zealand Breweries —Final, 3i p.c July — National Mortgage—lnterim, 2i p.c July — CALLS. AVaitaliu Mining—fid a share ... Now Central Shotover—3d a share ... July 1