ON 'CHANGE.

Auckland Star, Volume LXV, Issue 256, 29 October 1934, Page 4

ON 'CHANGE.

WEEK OPENS, QUiETLY. UNION BANKS LOWER. The Auckland Stork Exchange commenced a new week rather quietly, and only three sales were recorded at the Hist call. Amongst these was Union .Banks, ■which, reflecting the general weakness in that section, dropped another 1/3, with a sale at i' 9 0, 6, an easing of 5/ .since last month. The insurance section was again easier, and there were no buyers for either South British or New Zealand, but the Dunedin concerns were both asked for, Nationals at £1 1/6 and Standards at £3 o,'. Colonial Sugars were steady again, with buyers at £70 2 0 and no sellers. Farmers' Trading ordinary shares were firm between 7/ and 7/3. Phillips and Impcy shares were again in request at £2 2/, and a seller came in at £2 10/. Holders of Waihi shares still asked £1 IS/6, but best buyers stopped at JCI 15/6. Government stocks showed little change. A Brisk Noon Call. Business was brisk at the noon call, particularly in the mining section. More that that, most of the sales took place in the room. The firmer tone was evident in most of the sections. Buyers of New Zealand Breweries moved up (id, to £'.- 10/ for buyers, "while a. seller came forward at £2 11/. Colonial Sugars are hardening. Buyers moved up half a crown, to £70 5/, while a seller was wilfing to do business at £77 10/. After a sale at 10/11. bidders for Consolidated Brick and Pipe would give Id more, or 10/10, while holders stand Id ahead.

Bidders for Farmers' Trading Co. came to finality at 7/2. New buyers are 7/1, and holders Id more.

I Woolworths (X.Z.I buyers have touched the £8 mark, with sellers still silent. In the mining section, Okaritos fell 3d. to 8/3 for buyers, after the sale, while holders have conceded 2d, to 8/7. - SALES COMPLETED. AT THE 10 A.IH. CALL TO-DAY— Last Sale. £ ; il £ s (1 Union Rant ... 0 <i 0 .. 0 7 !) : Stock, 104(3, 4 ... 100 O 0- .. 100 O O UNLISTED. "VYoolwortb, Ltd. ".14 C .. "15 0 AT THE 12.15 P.M. CALL TO-DAY— Kauri Timber . 030 4 .. 010 6 Consol. RricU .. 010 11 .. .0 JO 11 Farm. Trad. US) 0 7 I'.. o 7 0 Kiujr Solomon, - 0 ."'. !< .. o ". 0 Okarito 0 So .. o S (J (irand June, (-i 0 4:;.. o 4 3 Stock, '46, 4 (-2) 100 0 o .. 100 0 0 Stock, 1940, 4 .. 108 0 0 .. 100 7 6 UNLISTED. Tcrp. Forests .. 2 4 0.. 210 3 WoolwortU (Syd) ord "It 0 •• 314 0 Saddle 0.0 0 ... 0 1 0 Saddle O 0 51 .. 0 0 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. Where 'payment is made in sterling exchange is added. In the case ot local body issues' allowance is also made for 20'"per cent interest' reduction':• i PEK. CENT PEK ANNUM. - £ 5- '}• Union Bank •'> 7 2 Stock, 4. 1040 3 8 '2 Kauri Timber ~ 11 -t Farmers' Trading Co. i> 7 0