ON CHANGE.

Auckland Star, Volume LXV, Issue 144, 20 June 1934, Page 4

ON CHANGE.

NEARLY AT STANDS I ILL QUIETNESS AMONG BROKERS. Business was almost at a standstill on the Auckland Stock Exchange this morning. and the quotations generally showed that buyers and sellers were wide apart, This reveals the tendency of the investment market in the Dominion generally, and laav be viewed as tne customary -slackness -which occurs during the near ■ approach of a Parliamentary session. Bidding for banks and insurances showed no recovery from the recent slowness. Commercials were still available at 10/3, and best buyers stopped at 10". -New Zealands were quoted slightly lower, at £2 8/6 : and £2 9/6. Auckland Gas were almost alone among front-rank securities in maintaining their strength. Buyers came in this morning at £16/6, the price ruling for a tortnifelit jiast, .and holders were only 2d higliei. New Zealand Breweries were on offer at £2 3/, but buyers showed no interest. There was keener bidding for New Zealand Newspapers, and buyers advanced to £1 9/9 when sellers had come in at il JU/The mining section continued to provide a good list of quotations, but business had eased off. Sellers of Government securities were more numerous, and for the 1940 and 1940 4 per cent stock were only 10/ above buyers. A Slight Improvement. There was a slight improvement during the morning, and five sales were reported at noon. , ~ . New Zealand Drug completed their second transaction, after which no more were wanted. Sellers of Bank of New Zealands reduced their limits to £2 9/, and there •were similar reductions for several other banking issues. Buyers of New Zealand Breweries came in at £2 1/. / Farmers' Trading were quoted at 5/4 and 5/0 after sales at their recent level. For New Zealand Newspapers buyers dropped back to £1 9/0. A buyer's quotation of £7 was made for • Bulolo Gold scrip.. SALES COMPLETED.

CAI.3L. AND DIVIDEND LIST. DIVIDENDS. Due. -Hill and Plummer—4 p.c. div. .. June 20 Devonport Ferry—Final, 2J p.c. ' June 21 Gear Meat—lnterim, 3d a share—June 21 Goldsbrough. Mort —6 p.c. ...... June Australian Glass—Final, pref., 41 • p.c.; .ord., 5 p.c June 27 North! Broken Hill—l/ 6 a share June 2fl Blackwater Mines —Final. 1/6 a share- (sterling), free of tax.. June SO • Consblidated Goldfields—lntersn. ' Od a share (sterling), free of tax June 30 , Morris, Hedstrom —Final, 2 p.c. June 30 British Tobacco—Quarterly, ord., 1 11 p'.c;- June 30 Queenslan.d Insurance — Interim, 5 p.c.. 1 ... . July 2 •National Mortgage—lnterim, 2J > ' p.c., tax free July 2 - Komata Reefs—Final, 3d a share (tax free) July 14 .Smith and Smith—Prcf., 5 p.c. .. July 31 New Zealand Breweries —Final, . 3) p.c July — UNOFFICIAL STOCK.

COMPANY LISTED. The Christchurch Exchange have advised the Auckland Exchange that Stafford Sluicing, Ltd., has been placed on the official list. The company has an authorised capital of £4000 in 80,000 ordinaryshares of 1/ each. The subscribed capital comprises 12,000 paid shares of 1/ each, whieli have been issued to vendors, and 50,200 contributing shares paid to 1/.

ON CHANGE. NEARLY AT STANDSTILL QUIETNESS AMONG BROKERS. Business was almost at a standstill or the Auckland Stock Exchange this raonv ing. nnd the quotations generally sliowet that buyers and sellers were wide apart This reveals the tendency of the investment market in the Dominion generally, and mav be viewed as tm customary slaekucK's which occurs ilurinj? the near ■ approach of a Parliamentary session. Bidding for banks and insurances showed- no recovery from the recent slowness. Commercials were, still available at 10/3, and best- buyers stopped at 10/. -New Zcalands were quoted slightly lower, at £2 8/(5 and £2 9/6. Auckland Gas were almost alone among front-rank securities in maintaining their strength. Buyers came in this morning at £16/6, the price ruling for a turtnifelit jiast, .and holders were only 2d higliei. New Zealand Breweries were on offer at £2 3/„ but buyers showed no interest. There was keener bidding for New Zealand Newspapers, and buyers advanced to £1 9/9 when sellers had come m at il JV/. The milling section continued to provide a good list of quotations, but business had eased off. Sellers of Government securities were more numerous, and for the 1940 and 1940 4 per cent stock were only 10/ above buyers. A Slight Improvement. There was a slight improvement during the morning, and five sales were reported at noon. , . , . New Zealand Drug completed their second transaction, after which no more were wanted. Sellers of Bank of New Zealands reduced their limits to £2 9/, and there were similar reductions for several other banking issues. Buyers of New Zealand Breweries came in at £2 1/. / Farmers' Trading were quoted at 5/4 and 5/0 after sales at their recent level. For New Zealand Newspapers buyers dropped back to £1 9/6. A buyer's quotation of £7 was made for ,Bulolo Gold scrip.. SALES COMPLETED. AT THE 3.15 P.M. CALL YE8TERDAY — !n £ a d £ s d X.Z. Insurance . 3 0 0.. 3 0 0 North. Steam. . 0 7 0.. 0 7 3 I,.O.B 1 2 9 .. 1 1 6 Mabafeipawa .. O 0 11 .. 0 0 11 Grand Junction . 04 11.. 042 Consol. Brick .. 0 7 0.. 0 7 0 UNLISTED. Harvey Oil .... 10 0.. 100 I'erp. Forests . 266.. 266 AT THE 10 A,!H. CALL TO-DAY— ' Dotn. Investment 0 IS 6 .. 0 18 6 •" Farm. Auct. (£2 J •'paid) ........ 0 16 0 .. — i N.Z. Drug 3 17 6 . * 3 17 6 ' AT THE 12.15 P.M. CALL TO-DAY— Faric. Trading . 0 5 5 .', 0 5 5 *' 'N.Z.- Drug, ..... 3 17 6 .. 3 17 6 ' r..Z. Befrig (con) 0 9 3 .. 0 9 0 Wilsons Cement 1 8 10 .. 19 0 Amalgm. Brick (Auckland) ... 94 10 0 .. 01 10 0

; A FINANCE, C0MME1 ON CHANGE. NEARLY AT STANDSTILL QUIETNESS AMONG BROKERS. Business was almost at a standstill c the Auckland Stock Exchange this raori ing. nnd the quotations generally sliowe that buyers and sellers were wide apur This reveals the tendency of the inves inert market in the Dominion general]; and luav be viewed as tm customar slackness which occurs during the net ■ approach of a Parliamentary session. Bidding for banks and insurant .showed- no recovery from the recent slov Hess. Commercials were, still available u 10/3, and best buyers stopped at 10/. JNei Zcalands were quoted slightly lower, a £2 8/(5 and £2 9/6. Auckland Gas were almost alone anion front-rank securities in maintaining thei strength. Buyers came in this morning a £16, 6. the price ruling for a turtnifeli jiast, -and holders were only 2d higher. New Zealand Breweries were on offer a £2 3/„ but buyers showed no interest. There was keener bidding for New Zen land Newspapers, and buyers advanced t £1 9/9 when sellers had come m at £1 10/ The milling section continued to provid a good list of quotations, but business ha< eased off. Sellers of Government securities wer more numerous, and for the 1940 and 194 4 per cent stock were only 10/ abovi buyers. A Slight Improvement. There was a slight improvement during the morning, and five sales were reportec at noon. . New Zealand Drug completed then second transaction, after which no mori were wanted. Sellers of Bank of New Zealands re duced their limits to £2 9/, and then were similar reductions for several othei banking issues. Buyers of New Zealand Breweries cam< in at £2 1/. Farmers' Trading were quoted at o/i and 5/0 after sales at their recent level. For New Zealand Newspapers buy en dropped back to £1 9/0. A buyer's quotation of £7 was made foi iBulolo Gold scrip.. SALES COMPLETED. AT THE 3.15 P.M. CALL YE8TERDAY — !n £ a d £ s d N.Z. Insurance . 3 0 0.. 3 0 0 North. Steam. . 0 7 0.. 0 7 3 I,.O.B 1 2 9 .. 1 1 6 Mabakipawa .. O 0 11 .. 0 0 11 Grand Junction . 04 11.. 042 Consol. Brick .. 0 7 0.. 0 7 0 UNLISTED. Harvey Oil .... 10 0.. 100 I'erp. Forests . 266.. 266 AT THE 10 A,!H. CALL TO-DAY— ' Dotn. Investment 0 IS 6 .. 0 18 6 • " Farm. Auet. (£2 J •'paid) ........ 0 16 0 .. — i N.Z. Drug 3 17 6 . * 3 17 6 ' AT THE 12.15 P.M. CALL TO-DAY— Faric. Trading . 0 5 5 .'. 0 5 5 *' 'N.Z.- Drug, ..... 3 17 6 .. 3 17 6 ' r..Z. Refrlg (con) 0 9 3 .. 0 9 0 Wilsons Cement 1 8 10 .. 19 0 Amalgm. Brick (Auckland) ... 94 10 0 .. 01 10 0 CALL AND DIVIDEND LIST. DIVIDENDS. Due. -Hill and Plummer—4 p.c. div. .. June 20 Devonport Ferry—Final. 21 p.c. ' June 21 Gear Meat —Interim, 3d a share—June 21 Goldsbrough. Mort—6 p.c. ...... June 27 Australian Glass—Final, pref., 41 ! p.c. * ,ord., 5 p.e .Tune 27 North! Broken Hill—1/6 a share June 29 Blackwater Mines —Final. 1/6 a share- (sterling), free of tax.. June 30 ' Consolidated Goldfields —Interan. Od a share (sterling), free of tax ,June 30 , Morris, Hedstrom—Final, 2 p.c. June 30 British Tobacco —Quarterly, ord., 1 11 p'.c;- June 30 Queenslan.d Insurance — Interim, 5 p.c.. 1 ... . July 2 •National Mortgage—Interim, 2J > ' p.c., tax free July 2 ■ Komata Reefs—Final, 3d a share (tax free) July 14 .Smith and Smith —Prof., 5 p.c. .. July 31 New Zealand Breweries —Final, . 3} p.c July — UNOFFICIAL STOCK. Buyers. Sellers. Auclc. Freez. Co. .. — .. 1/0/0 Auck. Meat Co — .. 1/11/0 Auck.- Drug Co. — .. 1/5/6 Claude Neon 2/8/0 .. — Dom. Laundry ...... .15/0 .. 18/6 Harvey Oil 19/0 .. 1/0/0 Investm't Exec. Trust (pref.) 1/10/0 — Investm't Exec. Trust (A deb,) — .. 97/0/0 Investm't Exec. Trust (B deb.) — 100/0/0 Investm't Exec. Trust (2nd B deb.) — .. 94/10/0 John Fuller, 1949, 6i — .. 00/0/0 I.oyal (ord.) — .. 1/1/0 Loyal (pref.) -- .. 1/0/6 Majestic (Auckland), 1943, 7i — .. 50/0/0 Metters (N.Z.) — .. 5/6 New. Auck. Laundry . 7/0 .. 15/0 N.Z. Perp. Forests .. 2/6/0 .. 2/9/6 N.Z. Woolpack ilo/ paid) — „ 14/0 N.Z. Underwriting (7/ paid) — .. 4/0 North. Co-op. Invest. 5/0 .. — Pacific Forests — .. 7/6 Peter's Ice 16/6 .. 17/6 Red. Forests (shares) — ,. 15/0 Roberts' Stabiliser .. 1/0 .. — Silk-knit 19/0.. 1/2/6 St. Cuthbert's, 1947. (5 — .. 98/0/0 Smith Wyllie — 10/6 Southern Cross Assurance Co 1/0 .. 2/3 . South. Cross. Invest. and Rural Develop. Society . — .. 4/0 "Sun" Newspapers .. 3/11 .. 4/6 South Westland ... 16/0 .. 1/0/0 S.A. Flax — .. 10/0 Fractional Bonds, pr£ — ... 1/0/0 Tiraberi'ds < Woodpulp (pref.) — .. 10/0 Tru-Colour Film (12/ paid) 14/0 .. 1/4/0 Walkato Carbon. ... 40/0/0 .. — Williams' Rotary ... — .. 3/0 Wingate (6 p.c, pref.) 1/3/3 .. — Woolwortb (Syd.l, ord 5/0/0 .. — I Wool worth (Vic.), prf 1/5/0 .. — Golconda Holdings . .— .. 1/8 Saddle Gold — V3 Snowy Kiver 0/1J.. 0/3 Dawn of Hope ... .. — .. 1/3