ON 'CHANGE.

Auckland Star, Volume LXVI, Issue 159, 8 July 1935, Page 4

ON 'CHANGE.

WEEK .OPENS QUIETLY.

COMMERCIALS IN DEMAND,

A fresh week opened quietly-on the local Stock Exchange, and oniy four sales were finalised at the first call. In the banking section, Commercials led tho way with quotations from 10/6 to 17/. New Zealand also were firm, with buyers at £2 11/, and sellers asking 6d more. Reserve Banks were a shade better, with buyers at £b' 9/ and no sellers. In the insurance class South British were on offer at £4 19/, and a buyer came in at £i 16/. New Zealauds -were/Steady between £3 7/6 and £3 9/. New Zealand Breweries started the week strongly, with buyers at £2 13/6 and no sellers. Government stocks were practical'y unchanged. In the unlisted clnss Procrras -were wanted at £2, and Golden Crowns made another rise of 3d with ;i sale at 7/9. The Noon Call. Business was steady at the noon call, without many variations of rates*. In the miscellaneous section a 2/ advance, to 8/2, for Dalgety's, failed to attract sellers. A large parcel of Morris, Hedstroms was quitted at £1 1/6, -with buyers still remaining in at £1 1/3, and holders 6d higher. Mount Morgan continue to show slight improvement, and a sale at £1 17/4 was reported, an increase of 2d. Latest buyers offered £1 17/.

SAIJES COMPIJETED. AT THE 10 A.M. CALL TO-DAY— Last Sale. f 8 (1 £ S (t Morris Hedstrom 116.. 120 Placer Develop. 33 10 0 _ 34 0 0 Stock, 3S/52, SJ IOS 0 0 — 108 O 0 UNLISTED. Golden Crown . 0 7 0., 076 AT THE 12.15 P.M. CALL TO-DAY — Milne Choyce _„ :' (deb.) 017 3 » 017 0 Morris Hedstrom 110.. 120 ML Morgan .... 117 6 .. 117 4 Bonds, 37/40, 4 . 104 15 O _ 103 15 0 UNLISTED. Golden Crown (lid paid) .- 0 6 0 « 0 6 9 CAUL AND DIVI3>£NX> IJST. DIVIDENDS. Due. Placer—lnt., 2 dols. 40 cents (about 11/8) a share July 0 Mount Morgan—lnt., Qrly., 6d .. July 10 Berlei (N.Z.)—lnt., 1/3 July 10 National Bank—Final, 4 p,c. p.a. July 13 New Zealand Breweries—3i p.c. . July 17 Golconda Holdings—s p.c July 27 Union Bank—lnt., 2/6 July — Farmers' Fertiliser —51 p.c. ... Aug. lo National Mort. —Int., 5 p.c. .... — Dominion .Rubber—lnt., 3 p.a .. — Commercial Bank—Final, pref. 4 p.c. p.a., ord. 6 2-3 p.c. p.a. .. Aug. — Electro. Zinc—Ord., 5 p.c, pref. 8 p.c. p.a Sept. 10

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. Morris, Hedstrom .;....... 4 13 0 Stock, '38-'Sa 3 5 0. .