ON 'CHANGE.

Auckland Star, Volume LXVI, Issue 203, 28 August 1935, Page 4

ON 'CHANGE.

BUSINESS SLOWS DOWN. COMMERCIAL BANKS DROP. There was a much quieter tone on the Auckland Stock Exchange this morning, and at the first call only three sales were registered. Selling quotations generally remained steady, but for actual business buyers demanded concessions. In the banking section Commercials steadied after yesterday's sharp drop and were quoted between 16/2 and 16/3, a shilling lower than a week ago. Xew South Wales were quoted, ex div., from £31 to £32 15/. Reserves maintained strength, with buyers at £6 10/ and no sellers, and New Zcalands were steady from £2 11/ to £2 11/3. In Government stocks there was little change in the market. Australian stocks were not sought so keenly. Sugars were off the list and Broken Hills were available at £3 5/6, with no buyers. Auckland Gas shares were on offer at £1 5/9, with no buyers. The Noon Call. The recent easing in South British Insurance was confirmed with a sale at, the noon call 1/3 lower, at £4 15/3. Commercial Banks have apparently steadied at the lower level, and a sals was made at 16/3, or Id higher. Buyers were still offerintr 16/3, but sellers raised their limits to 16/6. Generally speaking, quotations show little change, and the market ;'s quiet and steady.

SALES COMPUTED. AT THE 3.15 P.M. CALL YESTERDAY— Last Sale. £sd £ s d Com. Rank ... 016 2 .. 017 2 Nat. Insurance 10 0.. 109 N.Z. Insurance . 3 0 0.. 300 Trad. Finance (cont.) 0 3 8.. O 3 S Renown Col. pf 0 2 8 .. 0 2 0 Auck. Gas (2) . 15 9.. 1 5 G Wilsons Cement _ „ (2) 2 2 6 .. 2 2 0 T.oloma 410 6 .. 410 0 Mt. Morgan ... 1, .18 •• • • - J, « C. Neon (N.Z.) .230 2 2 O Dunlop 014 0 .. 0 10.0 AT THE 10 A.IW. CALL TO-DAY— Renown Col. pf O 2 S .. 0 2 S Auck. Gas toon) 019 0 .. 10 9 Citv of Auck., 1/1/44-50, 41 .. 105 10 0 .. — AT THE 12.15 P.M. CALL TO-DAY — C ""ust ßank t. o:i6 3 .. 010 2 South Rri'tish . 415 3 •• flO 6 Stock, 39/43, 31 105 o O .. 100 10 O UNLISTED. Emperor . '■• 1 6 3 INTEREST KATES. 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 caso of local body issues, allowance is also made for 20 per cent interest reduction:— PER CENT PER ANNUM. : £s ; a. Commercial Bank . 3 1 - - National Insurance ... J' 1 - 2 New Zealand Insurance ' o <_> o Auckland Gas 5 2 R Wilsons Cement •• • J ' ° Claude Neon (N.Z.) 4 12 0 CAIX AND DIVIDEND DIVIDENDS. Due. Bank of New South Wales. —Int.. quarterly, 5/ a share . Now Taupo Totara—Ord. 4 p.c., pref. 53 p.c ow Palmer, Collins and Whitaker— Pref., final 5i p.c. p.a., ord. 2 p'.e - Now Christchurch Gas —Int., 3 p.c .. Aug. — Jones Nevis Sluicing—r> p.c & usr. — Standnrd Insurances-Final, 1/3 Sept. 2 Electro. Zia»-i-Ord. 5 p.c. p/ef. 8 p.c. p.ii. Sept. 10 Huddart, Parker—lnt.. pf. 3 p.c, ord. 31 p.c Sept. 12 Broken Hill South—lnt., 1/6 v.nd 1 / bonus Sept. 14 Gillespie's Beach —5 p.c Sept. In King Solomon—2s p.c Sept. 30 Renown Coll.—Pf. 7 p.c, ord. 3d Sept. 30 Claude Neon (Syd.)—lnt., 71 p.c. Oct. 1 COMPANIES LISTED. The New Auckland Laundry has heen listed on the Stock Exchange. It has an authorised capital, fullv subscribed, of £45.000 in 13,760 A shares and 31,240 ordinary shares. A shareholders have the right to elect one-half of the directors. Through the Christchurch Stock Exchange Antonio's Hydraulic Elevating Co.. a West Coast company with an authorised capital of £14,000, has also been listed.