ON 'CHANGE.

Auckland Star, Volume LXIV, Issue 145, 21 June 1934, Page 4

ON 'CHANGE.

BUSINESS IS BETTER. N.Z, INSURANCES STEADY. Business on the Auckland Stock Exchange was still fairly quiet at the opening call to-day, and only four sales "ivere finalised. The banking and insurance sections showed little change since yesterday, and the bidding continued to reveal a considerable gap between buyers and sellers. (Quotations were lower for Bank of New Zealand's, with buyers stopping at £2 8/, while holders were asking £2 0/, and Commercials were again quoted at 16/ and 16/3. New Zealand Insurances were steady at the level of late sales, and offers were unchanged. There was a rise of 3d in Auckland Gas contributing shares yesterday afternoon, and this has been reflected in an advance of buyers to 19/4.

l)o von port Ferries, readjusted after the pavment of the dividend, were to be had to-day for £1 3/3, but there were no buyers.

■ Mining shares remained quiet. Holders of Waihis came in at' £1 12/9, with buyers still at £1 12/.

There was a larger offering of local body debentures, mainly of the Auckland Harbour Board, but the prices asked were apparently unattractive to investors.

Market Brightens Up. During the morning the market brightened up, and ten transactions were completed at noon with values steady and with a firmer tendency.

Commercial Banks were close to late sales at 16/1%, and New Zealand Insurances, Bycroft's and Auckland Gas were unchanged. Latest quotations for Bycroft's were keen at £2 8/ and £2 8/3. Buyers of JDevonport berries came in at £1 2'/. . Bidding was better for Waihi Mines, and Drought buyers and sellers close together at £1 12/3 and £1 12/6. SAI*ES COMPLETES. AT THE 3.15 P.m. CALL YESTERDAY— £sd £ s d Auck. H. 8., 1959, 5i 107 10 0 .. — Auck. Gas (cont) 019 6 .. 019 8 Auck. Gas (cont) 019 5 .. 019 0 Farm. Trading- . 0 5 6.. 055 N.Z. Newspapers 110 0 .. 110 a UNLISTED. Investm't Exec. Trust (2nd B deb.) 94 10 0 9-1 10 0 AT THE 10 A.IH. CALL TO-DAY— Bank of N.Z. (D Mort.) ...• 113 6 .. 1 li> 0 - N.Z. Insurance . 300.. 300 Sanford 0 2 O ..0 1 0 Stock, 1940, 4 .. 100 0 0 .. 10i> 10 0 AT THE 12.15 P.M. CALL TO-DAY— • Com. Bank .... 016 li .. 016 2 , N.Z. Insurance . 3 0 0.. 3 0 0 • Westport 017 li .. 010 3 Auckland Gas . lt>o.. lbb By croft - 8 0 .. 2 8 0 Farm. Fertiliser 10 3.. 100 •- N.Z. Paper Mills 110 0 .. 19b •• N.Z. Refrig (con; 0 9 3 .. •• O 9 0 Grind Junction 0 4 2.. 0 4 11

UNLISTED. • Silk-knit .... 10 6 ..106 INTEREST RATES. 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. Iu the case of local body issues allowance is also made for 20 per cent interest reduction: — i ,pER. CENT PER ANNUM. £ s. d. • Auckland Gas (con.) . 4 5 p Farmers' Trading f J o New Zealand Newspapers .. <f « » 1 New Zealand Insurance .... 3 b 8 Government Stock, 1940, 4 , p C 3 4 6 Bank of N.Z. (D Mort.) ... 4 9 9 Auckland Gas f 3 0 Westport Coal 4 4 10 Bycroft : f 3 4 Farmers' Fertiliser 4 lo J ]Scw Zealand Paper Mills ..470

CALL AND DIVIDEND LIST. ; -i ' ' DIVIDENDS. i Due. Devonport Ferry—Final; 2J p.c. June 21 Gear Meat—lnterim, 3d a share —June 21 Goldsbrough, Mort —6 p.c. ..... June 27 Australian Glass—Final, pref., 4\ p.c.; ord., 5 p.c June 27 North Broken Hill—l/ 6 a share June 29 Blackwater Mines —Final, 1/6 a , share (sterling), free of tax.. June 30 Consolidated Goldflelds—lnterim. •Jd a share (sterling), free of * tax June 30 ■Morris, Hedstrom—Final, 2 p.c. June 30 British Tobacco —Quarterly, ord., lj p.c June 30 Queensland Insurance — Interim, 5 p.c July 2 National Mortgage—lnterim, 21 p.c., tar free July 2 Komata Reefs—Final, 3d a share (tax free) July 14 Smith and Smith —Pref., 5 p.c. .. July 31 New Zealand Breweries—Final, 3i p.c. July — UNOFFICIAL STOCK. Buyers. Sellers. Auck. Freezing Co. 19/9 .. 1/0/0 Auck. Meat Co — .. 1/11/0 Auck. Drug Co — .. 1/5/6 Claude Neon 2/8/0 .. — Franklin Bakeries . — .. 1/3/6 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 Eiec. Trust (B deb.) — .. 99/0/0 Investm't Exec. Trust : (2nd B deb.) — •• 94/10/0 i John Fuller, 1949, 6J — .. SO/0/0 Loyal (ord.) ........ — — 1/1/J* •Loyal (pref.) -* •• 1/0/6 Majestic (Auckland). ~ n , n , n 1943, 74 — •• 50/0/0 Metters (N.Z.) — •• 6/0 New Auck. Laundry . 7/0 .. — N.Z. Perp. Forests . 2/6/6 .. 2/10/0 N.Z. Wooipack (15/ paid) i — - N.Z. Underwriting (7/ paid) ...... ...... -• 4/0 North. Co-op. Invest. 5/0 .. ■— Pacific Forests — y •• y* Peter's Ice 16/® •• J J/6 Red. Forests (shares) — .. 10/O Roberts' Stabiliser .. I/O .. — Silk-knit 19/6 .. 1/1/6 St. Cuthbert's, 1947. 9s/0/0 Smith "Wyliie"...... — 11 /6 Southern Cross Assura nee Co I/O South. Cross. Invest. - and Rural Develop. Society ~ •• f/° "Sun" Newspapers .. 3/10 .. 4/0 South Westland ... 16/0 .. I^o/0 S.A. Flax (£1) — •• »/0 Fractional Bonds, prf — •• l/U/O TimbeiTds Wood palp (pref.) — •• 19 /° Tru-Colour Film (12/ nnid) 14/0 •• WO Waikato Carbon. ... — -- 60/0/0 Williams' Rotary ... — •• 3 /° Wingate (6 p.c. pref.) 1/3/3- .. <— Woolworth (Syd.). ord '5/0/0 .. — Goiconda Holdings . — .. 1/8 Snowy River 0/1 .. 0/2 Saddle Gold — .. 1/3