ON 'CHANGE.

Auckland Star, Volume LXV, Issue 177, 28 July 1934, Page 4

ON 'CHANGE.

RESERVE BANKS SLIP.

GOVERNMENT STOCKS STEADY,

Chief feature of a quiet morning on the Auckland Stock Exchange was a further decline in Reserve Bank shares, which changed hands at £6 5/, with more available at that figure, and buyers back to £6 4/9. This shows a drop of 1/6 in the week. Otherwise, the bank section showed little change. New Zealand Insurances were slightly easier, with sellers at last night's sale price, £3 2/. Auckland Gas shares were quiet, with sellers of the ordinary at £1 6/0, and no buyers. Contributing were quoted between 18/9 and 10/. A parcel of Milne and Choyce debenture 6tock was available at 19/3. In the gilt-edge section buyers for Rural bonds moved up to £104 without attracting holders. Government bonds and stocks were firm and unchanged. SALES COMPLETED. AT THE 3.16 P.I9S. CALL YESTERDAY— Last Sale. £ s rt £ s (1 i Bunk of A'sin . 31 ft o .. 11 12 6 ! Bank of N.Z. .. 2 5 0.. 2 0 0 J Heserve Bank . 0 ."• (i .. i> 5 !) N.Z. Insurance . •'! - r > .. •> - • ■ ' UO.B 1 2 7} .. 1 2 0 Nokomai O :: 5 .. 0 ."> 01 Stock IOW, 4 .. 305 10 (I .. 10." 15 O P.onds, 1940. 4 .. 105 15 0 .. 105 10 O Wilsons Cement 110 0 .. 110 1 Woohvorth (N.Z.) prof 1 19 6 .. — UNLISTED. TVoolwortU (Syd) 3 V, (i .. 3 3 8 Woolworth (Syd) a 4 o .. 3 3 li AT THE 9.C0 A.m. CALL TO-DAY— M. Roller Mills 1 13 0 ... 116 0 Reserve Bank . (> 0 0 .. 0 5 0 Gillespic's Beach 0 1 10J .. 0 1 10} Waihi 112 O .. 112 0 INTEREST RATES. The return to the investor on his outlay, based upon the latest dividends, works out as follows on the latest sales. When 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. Bank of Australasia ...... 3 f> 0 Hank of New Zealand 4 7 G Reserve Bank 4 0 0 New Zealand Insurance .... 3 4 0* 4 8 C Woolworths (N.Z.) pref. .. 4 11 2 Stock, 4 (1040) 3 0 0 Northern Roller Mills 4 0 0 Waihi 0 5 0 ♦Not including bonus. CALL AND DIVIDEND UST. DIVIDENDS. Dae. British Tobacco —Quarterly, pref., f>l p.c. p.a., less Federal property tax, 6 p.c July 31 East African Coffee (pref. shares) —Interim, 7 p.c. p.a July 31 Union Bank—Final, 3/ (sterling) per share (tax free-) Aug. 1 Wellington Gas—lnterim, 4 p.e... Aug. 1 Auckland Gas—lnterim, 23 p.c. . Aug. 2 Dominion Investment and Banking—A, B and C shares, 4 p.c. „. P-a- „ • Aug. 6 New Zealand Insurance—Final,. 1/ a share, and bonus of 6d a share Aug. 7 Commercial Bank of Australia— Final, pref., 2 p.s.; ord., 2j p.c. Aug. 9 Farmers' Fertilise!:—Annual, 6 p.c Aug. 22 'Electrolytic Zinc (Australasia), Ltd.—ord., annual, 4 p.c.; pref., 8 p.c. p.a Sept 7 CALLS. Central Shotover—Final call, 3d per share July 31