ON 'CHANGE.

Auckland Star, Volume LXIV, Issue 252, 25 October 1933, Page 4

ON 'CHANGE.

BUSINESS IS QUIET. BANK OF NEW ZEALAND STEADIER Business on the local Sto civ Exchange has quietened down, and turuo"\ cr lias dropped. The announcement of the interim dividend steadied the shares of the Bank of New Zealand, which had been falling, and they sold 3d higher, at £2 6/, after which holders raised their limits to £2 6/6. Buyers for Nationals came in again, and offered £4 2/6. The pastoral section was strong, with buyers for Dalgetys, Goldsbrough, Morts, Loan and Mercantile, National Mortgage, Hirer Plate, Farmers' Auctioneering, all at full late rates. In the mining section Waihis were in demand at £1 5/10 and Grand Junctions at 3/10. There were plenty of buyers for Government stocks but few sellers, and quotations showed little change. Bank Shares Firmer. Bank'shares were firmer at the noon call, buyers raising their offers for most issues. There was a further rising tendency in Bank of New Zealands, reflected in higher limits on both sides of the market. Kauri Timbers continued their recent improvement, and after sales reported at 15/ buyers advanced to 14/8, while sellers stood firm at the market price. New Zealand Breweries showed a further drop, and there was a reduction in sellers' limits, but without attracting offers.

SAXES COMPLETED. AT THE 3.15 P.M. CALL YESTERDAY— Last Sale. £ s. d. £ s. d. Commercial Bk. 016 10 ... 016 9 N.Z. Drug ..... 310 0 .. 310 0 Bank of N.Z. .. 2 6 0 .. 2 5 9 Investm't Exec. „ „ „ Trust, B deb. . 08 0 0 08 0 0 AT THE 10 A.M. CALL TO-DAY— N.Z. Insurance . 214 6 .. 214 fi N.Z. Refrig. con. 0 9 3... 0 9 5 Grand Junction 0 311 .. 0 311 Guarantee Corp. 0 8.4 ~ O 8 JAT THE 12.13 P.M. CALL TO-DAY— Kauri Timber . 013 0 .. 0 14" 0 N.Z. Breweries . 116 0.. 11' J N.Z. Drug ..... 310 0 .. 330 5 Okarito 010 T .. 010 b 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 nre 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'— PEE CENT PER ANNUM. £ s. d. Commercial Bank 2 19 4 New Zealand Drug 4 o 9 Bank of New Zealand 4 7 U New Zealand Insurance .... 3 14 0 Grand .Junction . .8 10 - Guarantee Corporation O U New Zealand Breweries .... 317 J

SOUTHERN EXCHANGES. (By Telegraph.—Press Association.) WELLINGTON, this day. Sales on 'Change.—4 per cent inscribed stock, 1940,..£102; Toohey's Brewery, £1 4/6. WELLINGTON, Tuesday. Bank of New Zealand, £2 5/9, £2 5/7J ; Henry Jones, £1 18/9. CHRISTCHURCH, this day. Sales On 'Change.—Bank of New Zealand (eum ! :div.), £2 6/. ,£2 6/3, £2 6/5: Cliristchurch Gas. £1 7/; New Zealand Breweries, £1 16/1, £1 10/ (3 parcels); Tooth's "Brewery, £2 2/3 (2 parcels); Anthony Hordern. 12/10; British Tobacco, £1 17/8; Electrolytic Zinc (ord.), £1 5/5, £1 5/6; Electrolytic Zinc (pref., cum div), £1 15/ (2 parcels); New Zealand Drug Co., £3 10/3 (2 parcels) ; Waitahu, 6/3 (3 parcels). Reported Sales.—Commercial Bank of Australia, 16/11; Crmmercial Bank of Australia (pref:), £8 16/.

CHRISTCHURCH, Tuesday. Bank of New Zealand. £2 8/ (2 parcels) ; Burns, Philp, £2 13/6, £2 13/7 ; New Zealand Refrigerating (£1 paid), 19/6, 19/7; New Zealand Drug. £3 10/3: Mount Lyell. £1 2/S. £1 2/9 (2 parcels) : Gillespie's Beach, 2/INew Cornish Point (1/ paid), 1/1 (3 parcels) ; ditto (Gd paid), 7d; Waitahu, 6/3. DUNEDIN, this day. Sales Reported.—"Otago Daily Times," £2 0/6; New Zealand Guarantee Corporation, 8/5 ; Freshford, sd. CALL AND DIVIDEND LIST. DIVIDENDS. Due. North Co-op. Investment Trust — Half-yearly, 8 p.c. p.a Now South British —Final. 1/4 a share Oct. 26 New Zealand Guarantee Corporation—Final, pref., 7 p.c. p.a. (less 20 p.c.) ; ord., 7Jd a share: con., 3d a share Oct. 26 United Building—Final, 2 2 p.c. .. Oct. 27 Kccnata Reefs —Interim, 3d a share Oct. 30 British Tobacco pref.—Quarterly, 6J p.c. p.a Oct. 31 D.l.C.—Final, pref., 5 p.c. p.a.; ord., 21 p.c Nov. 1 Waihi Gold—lnterim, './ a share Nov. 1 Electro. Zinc—Pref. arrears to December 31. 1922. 8 p.c. p'.a. Nov. 2 Sharland and Co.—Final, ord. and pref., 25 p.c. Nov. 0 Tattersfield, Ltd.—s p.c. p.a. ... Nov. 10 New Zealand Paper Mills—lnterim, 3 p.c Nov. 10 National Bank of Australasia— Interim, p.a Nov. 29 Farmers' Trading A and B pref. shares—lnterim, 3 3-5 p.c. p.a, Nov. 36 Australian Glass—lnterim, pref., 4% p.c.; ord., 4 p.c Dec. 1 Imperial Chemicals—lnterim, Zi p.c Dec. 1 Bank of New Zealand—lnterim. D pref., 3J p.c.; ord., 1/ a share . Dec. 9 CALLS Golconda Mines—ld a share .... Nov. 1 Nevis Diesel—3d per share .... Nov. 10

BANK SHARES AND DEBENTURES.

LONDON, October 24. On the London Stock Exchange quotations of bank shares and other corporation debentures and stocks compare with pre-vious-quotations as follow:— Oct. 10. Oct. 24. £ s. d. £ s. d. Australasia 10 1G 10 10 5 0 New South Wales . 28 10 0 2S 10 0 Union 9 0 0 8 7 G National of N.Z. ... 3 14 0 3 19 0 N.Z. 4 p.c. guaranteed stock 101 0 0 *91 0 0 N. 55. shares 2 8 1 2 8 6 Debentures— N.Z. Loan and Mercantile, 4 p.c. . 77 10 0 77 10 0 N.Z. Loan and Mercantile, ord. stock 45 0 0 45 0 0 •Ex interest. LONDON STOCK EXCHANGE. LONDON, October 23. A British official wireless message says the London stock market began with a good tone, which was maintained until the close. In spite of uncertain international factors which held business in check, British Government stocks were firm. _ Home rails were steady and foreign rails improved. Kaffirs finished higher on the day and internationals, espccially mckels, closed firmer.