ON 'CHANGE.
BUSINESS IS FAIR. RESERVE BANKS HIGHER!" SOUTH BRITISH FIRM. A feature of Stock Exchange dealings lately has been a better inquiry for bank shares, and at this morning's call Reserves touched a new high level with business at £0 13/3, after which buyers remained in at 3d less and sellers raised their reserves to £0 15/. Commercials were steady between 15/tf and 15/11, and New Zealands from £2 10/6 to £2 11/. The insurance section was very firm. South British, now ex dividend, had buyers at £4 18/, with holders asking £5, and New Ssalands were quoted between £3 10/6 and £3 11/6. There were more offerings of Government stocks, the 1040's being available at £ 105, 1940-a at £ 107 10/, and 1055's at £112. Wailiis were somewhat easier, with sellers at £2 3/9 and no buyers. Busy at Noon. Business improved during the morning, and at noon the market was active, with values firm. South British recorded a rise of 1/3. after which quotations were £4 18/0 and £5. Kauri Timber went 3d Urigher, at which level sellers were still willing to quit, while buyers stopped at 18/10. New Zealand Breweries confirmed their rise by further sales, and were then quoted 3d on either side of the market price. Oilers for New Zealand Newspapers were advanced 3d, to £1 14/6, and holders asked £1 16/. SALES COMPLETED. AT THE 3.16 P.M. CALL YESTERDAY— Last Sale. £sd f s d Cum. of Aus. .. O 15 10 .. 0 15 7 Aus. I'rov. Ins. 11!!.. — Auckland Gas . 18 0.. 180 British Tobacco 110 o .. 118 0 Colonial Sugar . 42 5 0 .. 42 10 0 Colonial Sugar . 42 7 t! .. 42 3 O Consol. Brick. . 0 8 0.. 089 W'oolworth I.VZ.) 11 0 0 . . 11 2 0 Woolworth (N.Z.) 11 2 (i .. 11 O 0 King Solomon . 0 4-5.. 0 4 1} Skippers O O 21 .. 0 0 2) Stock, '40, 4 .. 107 7 G .. 107 o O AT THE 10 A.M. CALL TO-DAY— licserve Bank . 613 8 .. 012 6 Auckland Gas . 18 0.. 180 N.Z. Breweries . 215 0 .. 214 10 AT THE 12.15 P.M. CALL TO-DAY— South British . 419 0 .. 4 17V3 North. Steam. . 0 <i 10 .. 0 0 10J Kauri Timber .. 019 3 .. 19 0 N.Z. Breweries . 215 0 .. _lo O Farm. Trading ' . „ (A prcf.) .... 0176.. 018 0 Wilsons Cement 110 o .. lw Alt. Morgan ... 117 8 •• I\\ » Woolworth (N.Z.) 11 2 0 ..11 - 0 Bonds, '55, 4 .. 41115 0 ..111 0 0 Stock, '40, 4 .. 104 o 0 .. 104 u 0 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 ease of local body issues, allowance is also made for 20 per cent interest PER CENT PER ANNUM. '" x s. .a. ■ Commercial Bank 3 3 2 Auckland Gas * " ' British Tobacco o J. J> Colonial Sugar 2 10 O Woolworths (N.Z.) j* 1 » Reserve Bank JJ" X New Zealnnd Breweries - li " Stock, 1049, 4 * ° u
C. J. GREEN'S MONTHLY REPORT. C J Green, Ltd., stock and sharebroker, Bank of New Zealand Chambers, Swanson Street, Auckland, reports the following sales from April 1 to 18, when business was suspended for the Easter vacation: — Government Securities—4 per cent inscribed stock, due 15/1/40, £102, £102 10/, £103 10/; due 15/2/46, £105. Debentures.—Auckland Harbour Board. 4% per cent, due 9/7/41, £103; due 0/7/52, £106 10/; Public Mutual Insurance, £102 10/, £101, £103; John Fuller, 6% per cent f 1943). £72. Miscellaneous Shares.—Auckland Gas (contr.), 20/9, 20/10; Auckland Farmers Freezing, 19/, 19/6, 20/; Broken Hill Proprietary, 48/9, 51/, 51/6, 52/6. 52/; Building Society shares, 28; Claude Neon (Syd.), 45/6, 46/6, 47/; Dominion Breweries. 14/6, 15/3; Dunlop, Perdriau (ord.), 17/4, 17/8, (3) 17/9, 17/7; Eldorado, 16/6; Farmers' Trading (ord.), 7/4 7/3; .Forestry bonds, 19; Geo. W. Wilton and Co. ( P ref.) (2), 22/6; Loyal, Ltd. (ord.), 20/6 21/; National Timber, 13/6; National Trading, 8/; New Auckland Laundry (cum div ) 19/, 19/3, 19/6; New Zealand Woolpack Textiles, 12/9: North Auckland Farmers' Co-op. (ord.). 1/3, 1/6; B ■nref., 5/9, 6/; Nikau Bacon (pref.), £1 15/; Renown (ord.), 9/6, 9/9; Reserve Bank, £6 11/6; Snow-white Bagwash, 19/, 10/3; Timberlands Woodpulp (pref.). 19/J: Union Bank of Australia, £8 10/: United Permanent Building Society (cum div.), 20/3; Whakatane Paper Mills. 6/9, 6/0, 6/i Woolworths (Svdney) ford.). 87/, 88/, 87/9, 88/6, 90/, 89/6. 89/. 88/6; Woolworths fWA.) ford.). £7: Woolworths (Syd; neyj first pref., 43/9, 43/, 42/9, 43/, 42/6 (2), 43/. Mining.—Alexander Mines (contr.), 17/1; Golden Crown (fully paid), 3/10%, 4/, 4/2 4/2% f2) 4/3, 4/2, 4/1. 4/2. f8) 4/1. 4/; fßd pnln. 2/1o4;' M Paid). 3/1%. 3/2%. 3/4: Golden Dawn. 2/0%: King Solomon 4/3, 4/6; Mataki Gold Dredging. 1/10; Miilmkinawa, 10% d, 7%d, 7d; Waihi, 42/9, 42/0, 42/9.
CALL AND DIVIDEND LIST. DIVIDENDS. Due. Dank of Adelaide—Final. 4 p.c. pll Mn.v 8 Slia'rlnnd—lnf.. 21 p.c. May 10 Mosglrl Woollen— Int.. 4 p.c. .... Mn.v ]3 Jtrokcn Hill Proprlotiiry—lnt.. 1/ Mn.v IjJ National Insurnnce—lnt.. 4d May ]■> Dnlgety—lnt.. 8 p.C. pa. Ma? " ■N. 55. I'iiper Mills— Final. 4 p.c. .. Mn.v 20 Donaghv's Hope— Final. 1/8- May 20 Dank of New South Wales— Quar- o terly ,5/ a share Mn> ~ J Fanners' Trading. A and B pt.— ■ Final. 5 8-3 p.c. p.a. . May "i Mucky. Logan. Caldwell—B p.c. . May — Hunk of New Zealand —Final •> Nntlonal Bank of Australasia— Final. 2J p.c *'' ~7 Henry Jones—lnt.. Oil • Iline 1 •JJnnk of New South Wales— p.C. D Mort.. 33 PC .... Jl,ne 14 DOLLAR RATES. The Associated Banks (other than the Bank of New Smith Wales) quofvl the following dollar-sterling rates May 2, 1935. which are subject to alteration •■without notice: — lI.S A. Canada. Conversion of dollar hills received for collection nnd sale of dollar drafts nni! telegraphic transfers 1.81 4.84 Turchise of dollar hills .. 4.84 4.87 On a New Zealand currency basis these Tates are equivalent to:— Selling— (J.P.A. Canada. Teiegra.plilc transfers ... :! SC>2 3.88:1 On dcuvi:id 3.80| 3.80J Buying— On deui-,;d 3.021 3.043
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Auckland Star, Volume LXVI, Issue 102, 2 May 1935, Page 4
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1,012ON 'CHANGE. Auckland Star, Volume LXVI, Issue 102, 2 May 1935, Page 4
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