ON 'CHANGE.

Auckland Star, Volume LXV, Issue 150, 27 June 1934, Page 4

ON 'CHANGE.

BUSINESS IS QUIET.

LOWER OFFERS FOR STOCKS.

In the general slackness of the investment market the latest feature is a general drop of 5/ in offers for per cent tax free stock. Buyers who had been standing firmly at £6 10/ above par dropped back to £6 5/ this morning for all four •issues. . Bidding continues to "-;o listless, and the tone of banking scrip remains weak. Commercials were quoted this morning at 10/ and 16/2 after business at 16/1, and /New Zealands at £2 8/ and £2 9/. Insurances are slightly better, and New Zealands, after selling 3d higher yesterday •afternoon, were still wanted at £3, with sellers at the new price. Auckland Gas continue to hold their strength. Though more are. available at the price of latest sales, buyers arc only a penny below. Kauri Timber have eased back to within 3d of their level before the recent rise, and sales have been made in the South around the new oricc. ; There is little improvement in the mining section, where brokers do not .appear eager to come together. Noon Call Brighter. ___^ The banking, insurance and mining sections were brighter at the noon call. Sales were finalised, but quotations eased a little. Bidders and holders for Bank of New Zealand D Mortgage are converging. The former advanced 2d, to £1 13/9, while sellers are only Id distant, a concession of 2d. New Zealand Insurance eased after a sale at £2 19/9, which itself evidences a weakening tendency. Bidders are now, £2, 19/6, instead of £3 as this morning, while holders have withdrawn 3d, to £3 0/3;' Waihis are on the upward move again. Buyers ar<*. willing to give 3d more, £ 1 12/8, while holders have conceded 3d, and are now £1 13/. \" Other lines are quiet, particularly industrial lines.' SALES COMPLETED. AT THE 3.15 P.m. CALL YESTERDAY— £8d £ s d N.Z. Insurance . 3 0 0.. 300 N.Z. Insurance . 3 0.8.. ."OO Auckland Gas .. 1 0 7 .. 16 7 Nat. Electric .. 0 5 7*.. — Gillespie's. Beach. O 130 .. 0 1 9:1 Waihi 112 9 ... 112 6 Hikurangl Coal. 1048, 1 50 0 0 .. SO 0 0 : ■ " - UNLISTED. Woolworth (Vic) (pref.) ....... 16 3..- 15 9 AT THE 10 A.M. CALL TO-DAY— Com',, Bank .... 016 1 ~ .0 16 1 Kauri Timber .. 010 7 .. 017 0 Farm.' Trading . 0 5 5.. 0 o a Booth - Macdonald, .. 1037, 61 .. 72 10 0 .« AT THE 12.16 P.M. CALL TO-DAY— C °2) B 9 : 016 6 .. 917 O N.Z. Insurance . 3 0 0.. g O 3 N.Z. Insurance . 219 9 .. 3 0 O Com. Bank .... 016 1 .. 016 1 Skippers 0 0 9J .. 0 10 Grand .Junction * % % ~ %% \ Mataki ........ 0 2.3 .. 0 2 J UNLISTED. Loyal (pref.) ..... 1 p- 6 « 1 0.0 . INTEREST BATES. The return to the investor ononis 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. (1. Now Zealand Insurance .... 3 6 5 Auckland Gas * - £ Waihi , % % r, Commercial Bank <* - - Kauri Timber" « " •' Farmers* Trading J ,5 , Union Bank - 10 " Waihi Junction 8 u u CALL AND DIVIDEND LIST. DIVIDENDS. „ Due. Goldsbrough. Mort—6 p.c. ..... June 27 Australian Glass—Final, pref., 41 n 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 Goldfields —Interim. •3d a share (sterling), free of nx June «so Morris," He'dstrom—Final, 2 p.c. June 30 British Tobacco—Quarterly, ord., 1 j P -C June 30 H.M. Arcade—lnterim, ord., 21 p.c.; pref., 2£ p.c July 2 Queensland Insurance — Interim, 5 p.c. July 2 National Mortgage—lnterim, 21 p.c.. tax free July 2 Mount Morgan—lnterim (3rd), • 6d a share (Aust. currency) .. July 10 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, 3) p.c. July — National Bank of New Zealand— Final. 2 p.c. (sterling), free of tax, making 4 p.c. for the year July — UNOFFICIAL STOCK. Buyers. Sellers. I Auck. Freezing Co. .. — .. 1/0/0 ,j Auck. Meat Co — .. 1/11/0 Claude Neon 2/8/0 .. — Harvey Oil 19/0 .. 1/0/0 Invpsfii't. Exec Trust (pref.) 1/10/0 .. — Investm't Exec. Trust (2nd B deb.) — „ 94/10/0 Loyal ford.) — .*.* l/1/O Loyal (pref.) ....;.. — -. 1/0/3 Majestic (Auckland), 1943. 7} — .. 50/0/0 Metters (N.Z.) — .. 6/0 New Auck. Laundry . 7/0 .. • — Northern Trust ..... 5/0 .. — N.Z. Perp. Forests . 2/7/0 .. — N.Z. Underwriting (7/ paid) — .. 4/0 Pacific Forests — .. 7/6 Peter's Ice 16/8 .. — Red. Forests (shares) — .. 15/0 noberts' Stabiliser .. 1/0 .. - — Silk-knit 1/0/0 .. — St. Cuthbert's, 1947, 4 — .. ,98/0/0 Southern Cross Assur- • ance Co 1/0 .» 2/3 South. Cross. Invest. and Rural Develop. Society — .. 3/9 South Westland 16/8... 1/0/0 "Sun" Newspapers . 3/9 .. 4/0 S.A. Flax (£1 paid) .. — .. 10/0 Timberl'ds Fractional Bonds — — 17/6 Timberl'ds Fractional Bonds (ord.) — .. 1/10/0 Timberl'ds Fractional Bonds (pref.) ... — .... 19/0 Tru-Cnlour Film (12/ paid) 14/0 .. 1/4/0 Williams' Rotary — .. 2/0 Wlngate (6 p.c. pref.) 1/3/6 .. — Woolworth (Syd.), ord 5/0/0 .. — Woolworth (Vic), prf 1/5/0 .. — Oolconda Holdings . 1/5 ... 1/7 Snowy River 0/1 .. 0/2 Saddle — .. 1/0 LONDON STOCK EXCHANGE. (Received 1 p.m.) LONDON, June 26. BnloloHßoJd, ',£• S/ s