ON 'CHANGE.

Auckland Star, Volume LXV, Issue 190, 13 August 1934, Page 4

ON 'CHANGE.

WEEK OPENS QUIETLY. COMMERCIAL BANKS FIRM. There was a quiet opening to the Auckland Stock Exchange this morning, and only three sales were recorded at the first. : call, Bidding all round was scarcely as brisk as it was last week. As an instance, the breweries section was quite neglected, with the exception of a buyer for Toohey's at £1 6/. There was a good demand in the banking section. Buyers for Commercials moved tip to 15/8, and Nationals of Australasia were again in demand at £12 4/. Reserves were firm, with lowest sellers at £6 7/, but buyers were still 1/ less. New Zealands were steady between £2 6/6 and £2 6/9. In the timber section Leyland-O'Briens were again on offer at £1 3/, and a buyer came in at par. Waihis were steady between £1 10/7 and £1* 10/9, and King Solomons from 3/10 to 4/2. Government stocks were all in keen demand, the only offering being a parcel of forties, for which £108 was asked. Demand for Reserve Banks, There was a good inquiry for Reserve Bank shares at £6 6/0 at the noon call, which brought in solleis at £6 6/9. Commercial Banks recorded a sharp rise. A transaction at 15/10 was 3d higher than before the dividend was paid last week. and more were still wanted at 15/9, with holders asking 16/. Robinson's Ice scrip was on offer at 18/9 after further business at recent values, and buyers were slightly lower at 17/10. Two unusual quotations were buyers' offers of 9/ for Bruce Wool and of 7/6 for Lewis Eady preference shares.

SAIXS COMPLETED. AT THE 10 A.M. CALL TO-DAY— Last Sale. £sd £ s d Dnnlop Perdriau OIS 7 ~ 017 11 King Solomon . 0 4 0.. 040 Auck. Gas, 1&35, 6J 103 10 0 .. 101 0 0 UT THE 12.15 P.M. CALL TO-DAV— Com. Bank .... 015 10 .. 0 13 7 Auck. Gas, cont. 018 5 .. 019 0 Robinson Ice .. 018 0 .. OIS 0 Big River 0 1 0 .. 0 1 2 SOUTHERN EXCHANGES. (By Telegraph.—Press Association.) CHRISTCHURCH, this day. Sales on 'Change. —Commercial Bank of Australia, 16/ (2 parcels) ; National Bank of Australasia (£5 paid), £6; New Zealand Guarantee Corporation, 4/6 (2 parcels) ; New Zealand Refrigerating (10/ paid), 8/3; North Canterbury Freezing, 17/6; Quill Morris (in liquidation), 2/2, 2/3; "Sun" Newspapers, 4/1 (2 parcels); Brian Boru, 1/4J ; Golden Point, 3d; Mahakipawa (pref.), 1930 issue, 1/3: Moonlight Nelson Creek. 5Jd: Nevis Diesel Electric, 4d (3 parcels); Waihi, £1 11/3; Worksop Extended, 2/. ■ Reported Sale.—Bank of New South Wales (cum div.), £30 5/. INTEREST RATES. The return to the investor on his outlay, based upon the latest dividends, works put 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. Dunlop, Perdriau 4 6 0 Robinson Ice Creaan 6 13 4 Commercial Bank ......... 3 S 2