ON 'CHANGE.

Auckland Star, Volume LXVI, Issue 202, 27 August 1935, Page 4

ON 'CHANGE.

BUSINESS IS FAIR. MOST VALUES STEADY. GAS SHARES SLIP. After a hesitant market yesterday there seemed rather more confidence on the local Stock Exchange this morning, and a good list of sales was recorded at the first call. Australian banks are definitely easier, and Now South Wales were quoted between £31 15/ and £33, with Commercials from 16/ to 17/. New Zealand banks, on the other hand, were steady. New Zealands had fresh business at £2 11/3 and Reserves at £6 10/. There was a good demand for insurances with inquiries for practically every listed line. Auckland Gas shares were weak and offers to sell the ordinaries at £1 o/10 ami the contributing at £1 failed to bring a counter from buyers. In Government stocks, '40's and 55a wore firm. The former were in demand at £101 10/ and no seller, while the longer term was quoted between £112 5/ and £113 10/. Banks Improve. Business was only moderate at the noon call, the most notable feature being a weakening in Auckland Gas, which moved down in steps to £1 5/6 and then appeared steady. More were wanted at the reduced price'and holders stood 3d above, at £1 5/9 Banks recovered a little, and offers for New South Wales were advanced to £32 and for Reserves to £6 10/. Colonial Sugar, following their weakening, had buyers at £42. SALES COMPUETED. AT THE 3.15 P.M. CALL YESTERDAY — Last Sale. £sd f s d N'.Z. Insurance . 3 6 0.. 370 Tr (font) Fina .!?! O 8 8 .. 0 3 8 Broken Hill 11. S 6 6 .. 3 6 0 Consol. Bricfc -. 011 3 .. 011 4 Wilsons Cement 2 2 6.. - - o o: ::io? § I Stock 46/49! 4 . 109 15 0 ..110 5 0 Queensland Ins. 3 0 0— 2lb o AT THE 10 A.HI. CALL TO-DAY— N.Z. Insurance . 3 6 6 .. 3 <> «> British Tobacco 2 Q 3 .'. £ " 2 Broken Hill Pty 3 6 O .. o 6 6 Consol. Brick .. Oil 2 .. 011 d Pom. Fertiliser 14 0.. 1 4 A Farm. Trading . 0 7 1.. £ . O Gillespie's Beach O 1 o _ v -i - AT THE 12.15 P.HI. CALL TO-DAY— Bank of N.Z. • 211 3 .. 211 3 Aust. Prov. Ins. 12 4*.. x - Auckland Gas . 1 o 9 .. 1; e u Auckland Gas . * ♦> 6 .. \ % % Morris Hedstrom 1 3 S .. 1 d » INTEREST BATES. 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. Bank of Sew Zealand 3 18 0 Reserve Bank gx * y New Zealand Insurance aj: u u Queensland Z n n Broken Hill Proprietary ... § 0 0 Wilsons Cement « f ° Stock, 4, '43-'46 g 5 * Stock, 4, '46-'49 3 j> 0 British Tobacco o o « Farmers' Trading •> *•* " Dominion Fertiliser o t> » CAIX AJ?D DIVIDEND UST. DIVIDENDS. Due. Christchurch Gas —Int., 3 p.c. .. Aug. — Jones Nevis Sluicing—s p.c. .... Aug. — Bank of New South Wales. —Int., quarterly, 0/ a share Aug. J8 Taupo Totara —Ord. 4 p.c, pref. jjjf pg_ , Aug. -8 Palmer', Coilins and . Whitaker — Pref., final 5i p.c. p.a., ord. 2 p C Aug. io Standard Insurance —Final, 1/3 Sept. 2 Electro. Zinc —Ord. 5 p.c. p/ef. 8 p.c. p.a- Sept. 10 Huddart, Parker—lnt., pf. 3 p.c, ord. 31 p.c Sept. 12 Broken Hill South —Int, 1/6 '.ind 1/ bonus Sept. 14 Gillespie's Beach —5 p.c. ..: Sept. 15 Claude Neon (Syd.)—lnt., 7J p.c. Oct. 1 King Solomon —25 p.c Sept. 30 AUSTRALIAN EXCHANGES. YESTERDAY'S BUSINESS. SYDNEY, August 26. On the Sydney Stock Exchange to-day buyers displayed increasing confidence and with "weak holders"" shaken out numerous price gaine were recorded. This morning's sales included:—Commonwealth 4 per cent bonds: 1941, £102 17/6; 1944, £103 12/6; 1947, £104 5/; 1950, £103 15/. Commercial Bank of Sydney, £18' 5/; New Zealand Insurance, 68/6; Australian Gas, A shares, £7 19/; Toohey's Brewery, 29/4%; Tooth's Brewery, 54/6; Anthony Hordern, 19/4%; Associated News, preference, 23/6; Australian Glass, 84/; British Tobacco, 40/9; Broken Hill Proprietary, 67/; Colonial Sugar, £44; James Stedman, 19/3; Meggitts, 20/10%; Wilcox, Mofllin, 12/2Later sales included: —Bank of NewSouth Wales, £33; Commercial Bank of Sydney, £18 3/; Bank of Adelaide.. £6 4/; Colonial Sugar. £43 17/6; United Insurance, £12 10/; New Zealand Insurance, 68/6; Associated News, 22/9; ditto, preference, 23/6; Howard Smith, 18/; Australian Gas, A shares. £7 19/; British Tobacco, 40/3; Tooth's Brewery, 54/3; Dunlop, Perdriau, 14/8; Goldsbrough Mort, 33/3; ditto, New Zealand delivery, 33/; Morris, Hedstrom, 23/7%; Greater J. D. Williams, 8/3; Henry Jones, 38/; Anthony Hordern. 19/6; Lustre Hosiery, 28/; Meg"itts, 21/3; Genera] Industries, 18/9; Mount Morgan, 39/; South Broken Hill, 98/: Larut, 12/; Placer Development. £6. Melbourne sales included:—G. J. Coles, OS/; "Herald" and "Weekly Times," 64/; British Tobacco, 40/; Mount Lyell, 19/8.