ON 'CHANGE.

Auckland Star, Volume LXVI, Issue 11, 14 January 1935, Page 4

ON 'CHANGE.

WEEK OPENS QUIETLY.

BANKS IN DEMAND

RESERVES BRING £6 12/6.

Nor much business was finalised on the Auckland Stock Ex .-hange this morning, but bidding at the first call of the week was fairly free on the basis of late rates. There was a better demand, for banking scrip, almost every listed lino being asked for. Reserves were very firm, and after a sale at lust week's record price of Xo. 12/G the market settled between £o 11,0 and £6 13/0- New Zealand* were steady from 49/1 to 49/6. Insurances were keenly sought at late rates, and there was a fair inquiry for Government slocks at unchanged prices. An unusual transaction was the sale oi n panel of Phillipps and Impey shares, the first for several years. A buyer paid 50' for a small parcel. These shares earned 10 per cent dividend last year. Waihis were wanted at 39/, but there were no sellers. Woolworths in Demand. At the noon call continued demand for Woolworths, Ltd., brought a sale at 83/6, after which the market, rested between 83/ and 84/. Woolworths (N.Z.) wee quoted between £8 and £9. There was fair interest in the mining section. Waihis were in demand at 39/3, Alexanders at 16/, and Blackwaters at 31/(6. In Government stocks a buyer for 40"s moved up to £103 15/, and a parcel was on sale at £104. SALES COMPLETED. AT THE 10 A.M. CALL TO-DAY— Last Sale. £sd £ s d Reserve Bank .. 612 6 .. 612 0 l'hillipps. Impey 210 0 .. ' — Gillespie's Beach 0 J. 51 .. 0 1 S3 Gisborne sheep., 6j 102 5 0 ..102 0 0 AT THE 12.15 P.M. CAUL TO-DAY — B-.S.A. Bank ... 5 1 0 .. 5 4 0 Auck. Gas (eon) 010 3 .. 019 3 Consol. Brick .. 010 1 .. 010 2 • Gold. Dredg. .. 0 0 9.. 009 UNLISTED. Wool worth, Ltd. 4 3 6.. 426 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. Reserve Bank 3 15 6 Phillipps and Impey 4 0 0 E.S. and A. Bank 2 19 4 Auckland Gas (con.) 4 5 9 BRITISH TREASURY BILLS. (British Official Wireless.) RUGBY, January 12. The total a.mount applied for in tenders for £25.000,000 worth of Treasury bills this week was £58,675,000. The maximum amount was allotted in bills at three months. The average rate per cent was ti, 1.70, compared with 6/1.64 a. week ago.