ON 'CHANGE.

Auckland Star, Volume LVX, Issue 268, 12 November 1934, Page 4

ON 'CHANGE.

WEEK OPENS QUIETLY. GAS SHARES FIRM. Bidding on the Auckland Stock Exchange opened quietly for the first call of the week, and only two sales were recorded. One of these was for Government 3% '38-52 stock, and at £103 10/ showed some recovery from the decline registered last week. The advance of Reserve Banks seems to have been checked, the market standing between £6 12/ and £6 12/6. Auckland Gas shares were again firm, with quotations from £1 7/4 to £1 8/. Mosgiel Woollen shares were asked for, with a buyer at £11 for the £o shares paid to £4, and no sellers. Colonial Sugars were slightly easier, with sellers at £74 10/, and no buyers. Government 4 per cent stocks and the mining section were steady at late rates. Business Not Brisk. Though more business was recorded at the noon call, the tone of the market was not brisk. Quotations were but little changed, while a downward tendency was noticed in some lines, notably Government issues. Auckland Gas shares are, however, appreciating. Buyers will give £1 7/5, a penny more than this morning, while sellers have conceded 2d, to come down to £1 7/10. . ■ In two issues, of Government stock, 1940 and 1949 4 per cents, buyers fell 5/. The former quotation is now £104' 5/ and the latter £108 5/. A seller for 3% per cents has come forward at £110, after a long silence, but the bid has not attracted buyers. SALES COMPLETED. AT THE 10 fl.lH: CALL TO-DAY— Last Sale. £sd £ s d Bank of N.Z. (2) 210 0 .. 210 0 Stock, 1952, 31 .. 109 10 O .. 100 0 0 AT THE 12.15 P.m. CALL TO-DAY— Claude Neon (Syd.) 211 6 .. 213 0 Skippers 0 0 7*.. O 0 0J Grand Junction 0 4 9.. O 4 G Broken Hill Pty. 211 O .. 211 0 Stock, 1040, 4 .. 104 10 O .. 104 15 O 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 of local body issues, allowance is also made for 20 per cent interest reduction:— PER CENT PER ANNUM. £ s. d. Bank of New Zealand 4 0 0 Broken. Hill Proprietary ... 4 0 0 Grand Junction ............ 9 1 8 CALL AND DIVIDEND LIST. ■ DIVIDENDS. Due. Union Oil —Final, Od a. share ... Now N.Z. Paper Mills —Int., 3 p.c. ... Now Worksop—lt) p.c Now Burns, PbUpr—lnterim, 1/ Nov. 15 Tattersfleld —6 p.c. Nov. 15 Bycroft—lnterim, lid a share .. Nov. 16 Nat. Insurance—final, 5d a share Nov. 19 Broken Hill Proprietary—lnt., 1/ Nov. 21 Wilsons Cement—lnt., 7Jd a share : Nov. 28 Nat. Bank A'sia —Int., 2J p.c. .. Nov. 28 Dalgety-r-Final, 2J p.c Nov. 28 Aust.' Glass —Int., pref., 4J p.c.; ord., 5 p.c Dec 1 Henry Jones Co-op.—FlnaL 1/ .. Dec 1 N. Broken Hill—l/ 6 Dec 12 Broken Hill South—l/ 6 a share Dec 15 Kauri Timber —3 p.c Dec. — CALL. Golconda —-Id a share Dec 11 BUSY IN LONDON. ANOTHER RECORD WEEK. LONDON, November 10. The London Stock Exchange had another record week as far as British Government stocks were concerned, several of these having reached new high levels. This was largely attributable to the cheapness of money• following the-decision of the banks to reduce their, charge on weekly loans to one-half per cent. Another contributory factor yesterday was when Treasury bills were allotted at a little over 5/ per cent, which is only 5d above the'lowest ever recorded. The quick closing of. the Australian loan cash lists also had .a good_ effect and the markets closed yesterday in a buoyant mood. Home corporation stocks and Dominion and . Indian loans all participated in the advance. Foreign bonds also advanced, notably Germans, which rose 10 points on the announcement of the exchange agreement and have maintained their improvement.

Industrial stocks have followed the lead of gilt-edged securities and there has been an active demand for high-class fixed interest issues, also for -well-established companies engaged in the leading domestic industries. The only unsatisfactory market is that for mining shares. It continues uncertain and irregular. AUSTRALIAN EXCHANGES. SYDNEY, November 11. The following sales were made on the Sydney Stock Exchange yesterday:—Commonwealth 3T4 per cent bonds: 1948, £103 10/; 3% per cent, 1943, £104 10/; 4 petcent, 1947, £109 12/6; 1950, £111 10/; 195.3, £112; 1957, £112 11/3; 1959, £111; 1961, £111 6/3. National Bank (£5 paid), £6 7/; Bank of New South Wales, £33 7/6; Australian Gas, A shares, £8 2/; Tooth's Brewery, 51/9; Anthony Hordern, 18/; Associated Newspapers, 25/9.