ON 'CHANGE.

Auckland Star, Volume LXVI, Issue 35, 11 February 1935, Page 4

ON 'CHANGE.

WEEK OPENS QUIETLY. BANK OF NEW ZEALAND STEADY. .There was a quiet opening on the Auckland Stock Exchange this morning, with bidding steady at about late rates. In the banking section New Zealands , were steady, with fresh business at £2 MV'9, after which the market rested between £2 10/0 and £2 11/. Reserves were steady from £6 11/ to £0 12/. Auckland Gas shares were again in demand at £1 7/, with no seders'. Government stocks had buyers for almost every issue, but there were few sellers, the onlv offering being cf 103S-13's at £107, 1938-52's at £107 10/, and 1940's at £103. Loan and Mercantile had their first sale since August, the transaction at £45 showing a drop of £11 in the interval. Tlhe Noon Call. There was a fair inquiry during the morning, and a fresh list of sales was; recorded at the noon call. National ot Australasia had their first sale since August, showing a rise of 12/6 in the . interim. A seller of Auckland Gas came in at £1 8/. In Government stocks 1919 s were on oifer at £108. Auckland Gas (con.), with a sale at £1, touched its highest point in recent mouths. SALES COMPLETED. AT THE 10 A.WI. CALL TO-DAY— Last Sale. £ s (1 £ s d Bank of N.Z. .. 210 0 .. 210 9 N.Z. Insurance . 3 0 0.. 89 -> Standard 812 0 .. 312 0 Loan and Merc. 45 0 0 .. Ob 0 O AT THE 12.15 P.M. CALL TO-DAY— Nat. Bank A'sia 13 0 0 .. 12 7 6 ; Auck. Gas (coa.) 1 0 0 .. 010 o N.Z. Breweries . 211 9 .. J -1- « Broken Hill Pty. 212 9 .. 21b f Klect. Zinc ... 120.. !•■£ .*> Big River 0221 .. 0- 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 FEK ANNUM.- £ s. d. Bank of New Zealand .:... 3 IS 9 New Zealand Insurance - is » Standard ° J ° SOUTHERN EXCHANGES. (By Telegraph.—Press Association.) CHRISTCHURCH, this day. Sales on 'Cl»ngc.—Commercial Bank of Sydney, £10 13/; National Bank of Australasia (£5 paid), £07/; Reserve Bank, £0 10/6; National Insurance, £1 3/1 (- parcels) ; Broken Hill Proprietary, £2 13/ ; Big River, 2/2; Brian Boru, 7d; Maori Gully, 1/4; Rawang Tin, 7/11 (2 parcels). Reported Sale.—Chrlstchurch Gas (late sale 9th), £1 14/9. • DUNEDIN, this day. Sale Reported.—Milburn Lkne Cement, £2 3/3. ' .-■- ■