ON 'CHANGE.

Auckland Star, Volume LXVI, Issue 99, 29 April 1935, Page 4

ON 'CHANGE.

WEEK OPENS QUIETLY.

RESERVE BANKS FIRM. At the first call after the Easter vacation only one sale was recorded, namely, of Skippers, which, at 2'/2il, showed a drop of '/id. Bidding, however, was quite steady, and most of the pre-holiday quotations were reinstated.

the banking section Reserves were firm, with buyers at £6 11/0 and holders asking £6 12/6. New Zealaiuls were inclined to be easier between £2 10/ and £2 10/8.

Insurances were unchanged. Auckland Gas shares reopened firmly with buyers at £18/ and no sellers.

In the brewery section holders of New Zealands asked £2 15/, but there were no buyers. 'L'tiis were firm, and buyers moved up to £1 13/ without attracting holders.

Australians were quietly steady, but Dunlops looked weak, with sellers at 17/0 and no buyers.

Farmers" Trading were steady between 7/3 and 7/9. For Woolworths (N.Z.) buyers were again ready at £10 15/, but sellers raised their reserves to £12.

Mining was definitely quiet, but Wniliis reopened firmly, with quotations from £2 3/3 to £2 4/, and King Solomons were naked for at 3/0.

Government stocks had buyers for all issues at late rates, but the only olfering was a parcel of 1055 bonds, for which £112 was wanted.

Waihis Go Hiaher. More buying orders came in during the morning, and at the noon call bidding was quite keen. More interest was shown in Australian issues, and for these there was on all-round firming tendency, Goldsbroughs leading the way. with buyers at £1 10/ and holders asking 1/ higher. In the mining section Waihis touched a new high level with business at £2 3/9, attcr which the market rested between £2 3/ and £2 3/9. King Solomons firmed up. having buyers at 4/ and sellers 6d higher. Buyers for National Insurance dropped back to £1 9/, and Renown Collieries were quoted lower, between 6/ and 9/. Union Oils were asked for at £1 7/6, and sellers of Woolworths (N.Z.) dropped their reserves to £11 IC/.

SALES COMPLETED. AT THE 10 A.M. CALL TO-DAY— Last Sale. £Bd £ s d Skippers 0 0 2}.. 0 0 3 AT THE 12.1S P.IVI. CALL TO-DAY— Bank of N.Z. .. 210 0 .. 210 9 Itank of N.Z. .. 210 0 .. 2 10 6 Wallil 2 3 0 .. 2 3 6 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. When 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. Bonk of New Zealand 3 18 9 Walhl 5 10 0 CALL AND DIVIDEND LIST. DIVIDENDS. Due. Alexander Mines—l/ a share .. . Now United Bids.—lnt., 5 p.c. p.a. Apl. 30 Dominion Pictures —Int., ord. 2J p.c., pref. 3 p.c Apl. 30 E., S. and \. Bank—-Int.," 2J p.c. . May 1 Hank of Adelaide —Float, 4 p.c. p.a May 8 Sharland—lnt., 2j p.c May 10 Mosglcl Woollen —Int., 4 p.c May 13 Broken Hill Proprietary—lnt., 1/ May. 15 Dalgety—lnt., 5 p.c. p.a Max 17 N.Z. Paper Mills—-Final, 4 p.c. .. May 20 CJuarterly. 5/ a snare May 20 Farmers' Trading, A and B pf.— Final, 5 3-5 p.c. p.a May 31 Macky, Logan, Caldwell —3 p.c. . May — Bank of New Zealand—Final. 5 National Bank of Australasia — Final, 2J p.c May — Bank of New South Wales— p.c., D Mort., 32 p.c June 14