ON 'CHANGE.

Auckland Star, Volume LXVI, Issue 48, 26 February 1935, Page 4

ON 'CHANGE.

BUSINESS IS QUIETBANK OF NEW ZEALAND LOWER. o Business was quiet on the Auckland Stock Exchange this morning, and only three Bales were recorded at the first call. In the banking section New Zealands •were easier, and after a sale 5d down, at £2 9/4, the market stood between £2 9/3 and £2 9/6. Reserves were unaltered with business at £6 10/, and subsequent quotations from £6 9/ to £6 11/. Insurances were in better demand, but at lower levels. South British were quoted between £4 13/6 and £4 15/. Coal shares were firm and unchanged. Colonial Sugars were on offer at £41, and buyers were on hand at £1 lower. Waihis continued very firm, with buyers at £2 1/ and holders asking 6d more. Government stocks were in good demand at late rates.

Waihis at £2 I/. Only three sales were added to the list at the midday call, but bidding was freer, and there were a good many changes in quotations. Commercials weakened a fraction, and sellers dropped back a penny, to 16/5. Pukemiro Collieries were offered 6d lower, at £1 7/6. Claude Neons were again on offer, and buyers came in at £2 7/6 for New Zealands and £2 5/ for Sydney. Waihis had fresh business at £2 1/, after which the market stood between £2 0/9 and £2 1/3. SALES COMPLETED. AT THE 3.15 P.M. CALL YEBTERDAY— Last Sale. £rd £ s d N.Z. Insurance . 3 T 0 .. 3 6 6 Waihi 2 0 9.. 209 Walhi 2 10.. 200 Grtnd Junction 0 4 9.. 049 Worksop Ex , (2) 0 3 0.. 0 3 3 Stock, 39/43, SI 106 0 0 .. 106 17 6 Stock! 15/2/46, 4 104 17 6 .. 304 17 6 Stock, 15/4/49, 4 108 0 0 .. 107 7 6 Stoc£ 15/6/55, 4 109 15 0 ... 109 12 6 Brian Born 0 O 5 .. 0 0 o Mahaklpawa — 0 C 01 .. 0 0 9 AT THE 10 A.M. CALL TO-DAY— Bank of N.Z. .. 2 9 4.. 299 Reserve Bank .. 610 0 .. 610 0 Anckland Gas . 17 6.. 176 AT THE 12.15 P.M. CALL TO-DAY— Bank of K.Z. „• 2 9 4 ... 2 9 4 Reserve Bank . 610 0 .. 610 0 WaiM -21 0 .. i 1 0 SOUTHERN EXCHANGES.

(By Telegraph.—Special to "Star.") CHRISTCHUKCH, this day. Tie main feature of this morning's call was an exceptionally heavy turnover of Government stock, four parcels of 19371&40, totalling £4000, changing hands. The price paid was on a par with late rates, and after business the market closed firm % per cent on either side of the sales price of £102 10/. Among banks, New Zealand and Reserve were steady, the former having business and further sellers at £2 9/6, and the latter being quoted between £6 10/ end £6 11/. Goldsbroughs were again quoted weakly, the market standing at buyers 28/ and sellers 28/°. A firmer tone marked Australian miscellaneous issues, Tobacco quotations gaining strength, with buyers and sellers finishing higher at £1 17/9 and £1 18/2 respectively. The only business recorded, however, was Electrolytic Zinc ordinary, for which the market closed firm, with further buyers .at the sales price of £1 1/9. Mining was inactive, King Solomon remaining steady, with, dealings at 3/11 and further sellers Id above, Eawang Tin was still weak. Waihi, with unsupported buyers at £2 0/4, were as strong as ever. (By Telegraph.—Press Association.) t WELLINGTON, Monday. Bank of New Zealand. £2 9/6; D Mort, £1 11/10; New Zealand Insurance, £3 7/. Unofficial.—Wbolworths (Sydney), £4 CHRTSTCHURCH, Monday. Reserve Bank, £610?; Australian Provincial Assurance, 10/6 (4 parcels) ; Big River, 2/2; Briar Boru, 3Jd; Maerewhenua--2a ; Mahakipawa, OJd (2 parcels) ; Okarito 7/11 i Worksop Extended, 3/ (2 parcels). CHRISTCHUKCH, this day. Sales Cn 'Change.—Government 4 per cent inscribed, 1937-40, £102 10/ (5 parcels) ; Bank of New Zealand, £2 9/6; National insurance, £1 2/; New Zealand Breweries, £2 10/; Electrolytic ZLnc (ord.),' £1 1/9 (2 parcels); Goldflelds Dredging, 7Jd; King Solomon, 3/11 (5 parcels) ; Union BanK of Australia, £ 8 12/6. /• DUNEDIN, Monday. Gillesple's Beach, 1/61; Bank of New Zealand (D Mort.), £1 11/10. DUNEDIN, this day. Reported Sales.—British Tobacco, £1 8/ ; New Zealand Breweries, £ 2 9/9.

INTEREST KATES. The return to the investor on his outlay, based upon the latest dividends, works but 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:— PEK CENT PER ANNUM. £ e. d. Kew Zealand Insurance .... 2 19 8 Waihi 6 0 6 Grand Junction S 13 4 Stock, 15/2/46, 4 3 9 4 Ditto, 15/4/49, 4 3 8 0 Ditto, 15/6/55, 4 3 7 4 Bank of New Zealand 4 1 0 Reserve Bank 3 17 0 Auckland Gas 4 0 0 CALL AND DIVIDEND LIST. DIVIDENDS. Due. Okarito—6d a share Now National Mort.—Final, 2J p.c. .. Feb. 27 Rank of X.S.W.—Quarterly, 57.. Feb. 27 Kuala Kampar—3d a share Feb. 28 Standard Insurance—lnt., 1/3 .. Mar. 4 Huddart. Parker—Final, pf., 3 p.c.; ord., 4 p.c. Mar. 9 Electro. Zinc (pref.)—lnterim. 8 p.c. p.a. ... i .... Mar. 3.3 Kioken Hill South—lnt.. 1/6 .. Mar. 15 Amalg. Wireless—lnt., 4 p.c. .. . Mar. 16 Oolconda Holding—lnt., 5 p.c. .. Mar. 23 North Brokon Hill —Int., 1/G .. Mar. 29 Bank of Australasia—-"Final, 4/, plus bonus 2 p.c Mar. 29 CALLS. Arjjo Gold—ljd a siiare Mar. 12 AUSTRALIAN EXCHANGES.

SYDNEY, February 25. On (lie Sydney Stock Exchange to-day, builds as well as leading general investments were steadier. Last week's improvement in tone was fairly well maintained. Sales made this morning included: — C'o:iuiiohwealth i per cent bonds, 19i'8. #101 11/3: 1941. £105 10/; 1944, £IU6 7/6; W,;O, £107 12/6; New Zealand Insurance. 70/; Tooth's Brewery, 47/; Anthony Hordein, 17/7%. Later sales included:—Commonwealth 4 per cent bonds. 1038. £104 10/; 1941, £'103 10/: 1014. £106 17/6: 1917, £108 7/6; ISMj). £107 12'tk 1953. £107 5/; 1957, £1.07| ]7/U: 1!.!.".y, £iOB 2/6: Colonial Sugar, £40j 12'6: Cunmiercial Banking. Sidney. £!(!' 2/; New Zealand Insurance'. 69/6; Asso-j ciated Ncwsp'tpeis fpref.), 23/1%; Aus-ti-alian Gas. A shares. £7 17/: Tooth's Brev.-erv. 47/3: Toohey's Brewery, 28/3; j Australian Glass, 60/; Dunlop, Perdriau. 1 IS/9; VVilcox. JJoffliu. 9/6; Farmers' 21/6: j Anthony liovdern. 17/0; Standard Cement. ]fi. 7'-:; Broken llill Proprietary, .")!/; Rawang, 7.'3: Placer Development, £23; Genfeial liulnstiic.-c. 14/6: Tonka fa Harbour, 23/71 L Melbourne sales included: — JJuniop, Perdriau, 18/10; National Bank (£lO paid), £13 2/; Bums, Philp, 01/3; North Broken Hill, £5.