ON 'CHANGE.

Auckland Star, Volume LXV, Issue 147, 23 June 1934, Page 4

ON 'CHANGE.

WEEK ENDS QUIETLY.

SHARP RISE IN KAURIS,

Only three sales were recorded at the morning sale, and tiie tone of the bidding Wiis etill slow. One feature of interest, liowevcr, was a sharp rise ot' Sd in lvauri Timber shares, compared with last Monday's sales. Inquiries were numerous, and buyers remained in at 10/10, while holders raised their limits to 17/6. In the banking section slightly better offers of £2 7/7 were made for New Zealands, and sellers were unchanged at £2 !)/. Commercials continued to be weak, with quotations at 15/10 al| d 10/3. Further business was done in New Zealand Insurances, after which buyers were only 3d lower and holders were 9d above the market price. Cioldsbrough, Morts were easier, with best oilers reduced to £1 10/ and holders still at £1 11/. Among industrials most interest continued to be shown in Bycrofts, Farmers Trading (of which the 13 preference shares were traded at firm values), Milne and Chovce's and New Zealand Refrigerating. Offers were slow for Waihi Mines, and brokers were standing apart, with buyers at £1 12/3 and sellers 1/ higher. Grand Junctions were quoted at 4/1 and 4/2. Government securities ended the week with holders ready to accept slightly reduced values, and'limits were narrowed. SALES COMPLETE3J. AT THE 3.15 P.BI. CALL YESTERDAY— £sd £ s d Rank of N.Z. 2 S 0 .. 2 0 0 Union Bank ... 017 O .. 010 <> Bycroft 2 8 0 .. - S 0 King Solomon .. O 4 0 .. 0 4 0 XZ. Drue 317 l> .. •> 1' « Bonds, 1940, 4 .. 100 15 0 .. 106 l.» U Bonds, 1040, 4 .. 100 li fi .. I°6_l" b Bonds, 1955, 4 .. 107 0 O .. lOi 0 O

AT THE 9.CG A.M. CALL TO-DAY— X.Z. Insurance . •"> 0 0 .. 3 0 O Kauri Timber . 017 O .. 010 4 Farm. -Trading „ n n a (B pref.) 010 G .. 010 0 AFTER THE CAI/L. Farm. Trading . 0 5 5 .. 0 o 0 Nat. Bank N.Z. 310 0 .. 4 0 0 INTEREST RATES. The return to the investor on his outlav, based upon the latest dividends, works out as follows on the latest sales. AA here 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. tl. j Bank of New Zealand 4 3 4 Union Bank To j. By croft „ - New Zealand Drug <> JA >> Govt. Bonds. 3 955, 4 p.c. .. 3 10 0 New Zealand Insurance I, -.J in Kauri Timber - J™ JV Farmers' Trading (B pref.) o xi -i-L SOUTHERN EXCHANGES. CHRISTCHURCH, Friday. Commercial Bank of Australia. 10/; National Insurance. 19/ : Goldsbrough, Mort, £1 30/9 (3 parcels) : WestpoitStockton. 2/9; Dunlop, Perdriau, 17/6 Booth. Macdonald, 1937, 6£ per cent, £70. Unofficial List.—"Sun" Newspapers, 4/(2 parcels) ; Broken Hill Proprietary. £- 3/9; Alexander, 14/3; Bendigo Goldiiglit f9(l paid). 7Jd: Big River, 110. Brian Boru, 1/7J ; Central hliotovei (9d paid), lid: Golden Point, 2d: King Solomon, 3/lli. 3/11: Mahakipawa, lOd, Skippers. 11(1 (2 parcels). Unofficial List.—Goleonda Holdings. 1/7. WELLINGTON, this day.

Sales. —United Provisions, 8/0: Consolidated Brick and Pipe, 7/3; National Bank of New Zealand, .£ 3 10/0; Union Bank, £9 17/3; Mahakipawa, 1/OJ, lid, Skippers, 10Jd. WELLINGTON, Friday. ' Bank of New South Wales (Sydney register). £3° 8/9 ; Kauri Timber, 10/9 : New Zealand Refrigerating (10/ paid), 9/3, 9/-. DUNEDIN, Friday. Bank of New Zealand. £ 2 8/C ; Wesport Coal, 17/9 ; New Zealand Breweries, 2/; Dominion Fertiliser, IS/9; Waitaliu, 4/. . CALL AND DIVIDEND LIST. DIVIDENDS. Due. Goldsbrough, Mort —6 p.c. • ■••• June 27 Australian Glass —Final, pref., 4i p.c.; ord., 5 p.c June 27 North Broken Hill—l/G a share June 29 Blackwater Mines —Final, 1/6 a share (sterling), free of tax.. June 30 Consolidated Goldfields —Interim. 9d a share (sterling), free of tax June 30 Morris," Hedstrom —Final, 2 p.c. June 30 British Tobacco— Quarterly, ord., 1J p.c ;••••.•• June 30 Oueensland Insurance — Interim, 5 p.c Jn!y 2 National Mortgage —Interim, 25 p.c., tax free July 2 Hume Pipe (Far East) —Final, 3 p.c July 11 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 — National Bank of Now Zealand— Final. 2 p.c. (sterling), free of tax, making 4 p.c. for the year July — LONDON STOCK EXCHANGE. (British Official Wireless.) (Received 11 a.m.) LONDON. June 22. Bulolo, £6 10/, compared with £6 3/9 yesterday.