ON 'CHANGE.

Auckland Star, Volume LXV, Issue 12, 15 January 1934, Page 4

ON 'CHANGE.

MARKET OPENS STRONGLY,

RISE IN N.Z. BREWERIES,

There was a healthy tone in the market at the opening for the week, and several rises in values were made.

Nov Zealand Breweries, reflecting the upward movement in the South at the end of last week, advanced sharply, and more wore wanted at only 2d below the new price, with none available. Colonial Sugars also gained in strength and later bids showed a margin of only 10/ around the morning's new price. Auckland Gas continued firm. In the banking section buyers of Commercials moved up to 18/5 and sellers were 4d higher. New Zealands were available at £2 10/, and there were buyers at only 2d lower. Activity in Government securities centred round the 3% per cent stocks. There was little offering in either bonds or stocks after the sales. Still Busy at Noon. Business continued brisk and a good list of sales was put through at the noon call. Commercial Banks advanced by Id to 18/6 and more were wanted at that price. Sellers of Bank of New Zealands moved up to £2 10/6, after sales at £2 10/. South British and Standard Insurance shared the business in the insurance section. More sales of Colonial Sugars were made, confirming the rise. In the mining section Okaritos were | most active. SALES COMPLETED. AT THE 10 A.M. CALL TO-DAY — Last Sale. £sd £ s d Auckland Gas . 14 O .. 1 4 0 Kauri Timber .. 015 0 .. 015 10} N.Z. Breweries . 2 0 6.. 118 8 Colonial Sugar . 64 5 O .. 04 O 0 Talisman Dubbo 0 5 0.. 0 no ■Stock, 1052, 31 . 101 15 0 .. 101 5 0 Stock, 1043, 3J . 101 10 0 .. 100 15 0 UNLISTED. Inrestm't Exec. „ „ ' ; ' Trust, B deb. . 99 O O .. 00 0 0 "Were's (5/ paid) 0 4 6,. 04. AT THE 12.18 P.M. CALL TO-DAY— Comm. Bank .. 018 6j .. OIS 5 . Bank of N.Z. .. .2 100 .. 2 811 South British .. 317 0 .. JIT J Stand. Insurance 3 1 O -.. d « •> National Timber 05 0 .. 0.6 <> Colonial Sugar . 64 5 0 .. 64.... o King Solomon ... °. g 5 •• ft s fti Okaiito (2) .... 0 9 0 .. 0 8 0 "Waitemata P. 8., - -^ .-.- , 1064, 5i 100 lo 0 „ — SOUTHERN EXCHANGES. (By Telegraph.—Press Association.) DUNEDIN, this day. Renorted Sales.—Bank of New Zealand, £2 10/- National Bank of New Zealand, £4 2/; Bank of New South Wales, £J4 10/ (2). CHRISTCHURCH, this day. Sales on 'Change.—Commercial Bank of Sydney, £17 6/6, £17 6/; A.-P.A. Insurance, cum div., 11/1 N.Z. Guarantee Corporation, 8/3: New Zealand Breweries, £2 0/u. £2 0/7 (4) ; Mount Lyell, S3. 3/11 (-) . Mahakipawa, lid; Okarito, 9/1. 0/3. Reported Sales.—Loan and Mercantile (ord. stock), £60; New Zealand Breweries (late sale, 13th), £2 0/9; Mount Lyell (late sale, 13th), £1 4/; Mount Lyell, £1 3/11. INTEREST BATES. i 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 Breweries ... 39 g Auckland Gas 4 11 » Kauri Timber T . 3 4 £ Colonial Sugar 817 .* . Stock, 1938-52 3 .9 3 Stock, 1939-43 ...v-... • 3 9 6 Investment Executive Trust (B deb.) I 2 10 Commercial Bank 2 14 - Bank of New Zealand 4 O O South British »■■-. » £ Standard Insurance 4 - < CALL AND DIVIDEND LIST. DIVIDENDS. Due. Wiluna Gold Corporation, Ltd— First interim, 2/, sterling, a share of 20/ each Jan. 16 N.Z. and River Plate—Final, 2 p.c. sterling (less English tax at 5/ in £1) ,•■-": *lanI an - JS Kuala Lumpur Tin—Od a share . Jan. ; 0 A. P. Assurance —Year. 1} p.c. .. Jan. 30 Union Bank—lnterim, 2/ a share, sterling (tax free) Jan. — New Zealand Refrigerating — 4 p.c. and bonus 1 p.c Jan. — Commercial Bank —Interim, pref., 2 p.c.; ord.. 2J p.c Feb. 2 Britisn Tobacco —Interim, pref., quarterly, 6J p.c. p.a. (less special property tax) Jan. 31