ON 'CHANGE.

Auckland Star, Volume LXVII, Issue 20, 24 January 1936, Page 4

ON 'CHANGE.

BUSINESS IS FAIR. BANK SHARES SELLING. Though lacking briskness, there has been a fair turnover on the Auckland Stock Exchange over the last 24 hours. At this morning's call banking shares ■were firm and there was a better demand in the insurance section. Among the banks Commercials recovered some of the ground lost earlier in the week and sold 2d higher at IS/8, with a subsequent market IS/7 to 18,9. Commercials of Sydney were again in demand at £13 17/6 without attracting sellers. Nationals of New Zealand improved slightly with a sale at £3 11/ and more wanted at that figure. New Zealands eased 2d with business at 47/0. Buyers for Goldsbrough, Morts moved up to £1 12/9, but holders stood out for 33/0. Auckland Gas shares eased slightly with business at 20/6, a drop of 4d. G. J. Coles failed to hold the full extent of the recent rise and after sales at 73/ and 72/ there were still sellers at the lower figure. Wilsons Cements were very firm and buyers moved up to 45/3 without attracting holders to a declaration. Government 6tocks were steady. Interest in Banks. There was not much business at tha noon call, but bidding was steady, with special attention to the banking section. Holders of Commercials raised their limits to 18/10 and Unions were quoted between £9 14/ and £10. Nationals 'of Australasia failed to hold the full extent of the morning's rise, selling at £7 2/6 with a.subsequent market between £7 1/6 and £7 3/6. V SALES COMPLETED. AT THE 3.15 P.M. CALL YESTERDAY— _ .Last Sale, fsd f s d British Tobacco 2 0 9.. 2 0 9 British Tobacco 2 10.. 209 Broken Hill ... 2 IS 9 .. 2 IS 9 Col. Sugar .... 13 10.. G. .. 44 0 0 Tarm. Trading . 0 8 2.. 0 S 1 Mount Lyell .... 116.. 1' 1 O Mount Morenn . 0 IS 2 ' OIS 0 Stock, 4, ®-55 .103 0 O .-. 104 15 0 UNLISTED. Smith Wyllie . . 010 0 v. — i Woolwortil (Syd) 6 00... 6 0 0 AT THE 10 A.M. CALL TO-DAY— Commercial .... 0 IS 8 „. 0 18 6 National 3 11 0 .. 3 10 3 Nat. of, A'sia (con.) 7 3 6 .. 7 1 6 I Bank of N. 55. .. 270 .. 27 8 Auckland Gas . 10 6.. 1 6 10 G. J. Coles 3 13 0 ..- 3 7 6 G. J. Coles 312 0 .. .3 13 0 Milne, Choyce, deb. stock ... 016 0 .. 017 3 i Mataki 0 2 1 ..• 0 2 0 Mount Morgan . OIS 3 .. OIS G Stock, 4, 43-46 . 104 12 6 .. 104 12 6 AT THE 12.15 P.M. CALL TO-DAY— Nat. of A'sia (cont.) 7 2 6 .. 7 3 6 Golds. Mort. ... 1 13 6 .. 1 13 6 Kaiapoi, (con.) . O 5 2 O 5 2 Union Oil 1 10 0 .. 1 10 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 case of local body issues allowance is also

ui luuai uuuy anuwauuc IB aiai made for 20 per cent interest reduction: — PES CENT PER ANNUM. > s. d. British Tobacco 2 IS G Broken Hill . ..-» 4 5 0 Colonial Sugar ... 2 17 6 Farmers' Trading' ........ 4 18 0 Mount Lyell 2 0 6 Wool-worths (Sydney) .... 2 1 8 Stock, 4 p.c. (1952-55) ... 3 13 2 Commercial Bank 3 2 C National Bank 3 9 6 Nat. of Australasia (con.) 310 6 Bank of New Zealand .... 4 4 3 Auckland Gas i ....... 430 G. J. Coles 3 4 .0 Milne and Choyce deb. etock 4 7 6 Goldsbrough *.. j 311-9 Union Oil ;..j .- j 4 3 4 CALL AND DIVIDEND LIST. DIVIDENDS. Due. Commercial of Sydney — Int., 6 p.c. p.a. Jan. 28 Union Bank—Final, 2/0 per share Jiin. 2!) National Tobacco —Pf. S p.c., ord. „i 5 P- c -Tan. 31 • I\.Z. Refrigerating—sJ p.c Feb. — Christeliurcli Gas —Final, 4 i>.o. Feb. — Commercial Bank of Australia— Int., pf. 2 p.c., ord. 2J p.c Feb. 7 Wellington Gas —Pf. & p.c. p.a., ord., final, 4 p.c Feb. 11 New Zealand Insurance —Int., 1/ Feb. 12 Queensland National Bank—lnt., 2 P-c Feb. 13 Elec. Zinc—lnt., ord. and pf., 4 p.c. Mar. 1!) Auckland Gas—Final, 2J p.c. .. Feb. 4 AUSTRALIAN EXCHANGES. YESTERDAY'S BUSINESS. SYDNEY, January 23. On the Sydney Stock Exchange to-day a feature of the market was the firm front presented by Australian consolidated loans. Bank shares also were strong and breweries were traded at advanced rates. This morning's sales included: Commonwealth bonds, 3V& per cent, 1948, £99 5/'; 3% per cent, 1949, £98 12/6; 3% per cent, 1942,'£100 16/3; 4 per cent, 1938, £101 10/; 1941, £102 2/6; 1944, £103 15/; 1947, £105; 1953, £104; 1959, £105 5/; 1961, £105 12/6. Bank of New South Wales, £34 5/; Tooth's, 53/9; Anthony Hordern, 21/1%; Associated News, 23/; ditto, pref., 23/3; British Tobacco, 41/3; Broken Hill Proprietary, 59/; ditto., 5/ paid, 29/; Dunlop, Perdriau, 16/4%; ditto, pref., 35/3. Later sales included: Commonwealth bonds, 4 per cent, 1938, £101 8/9; 1941, £102 5/; 1947, £105 2/6; 1950, £105 5/; 1953, £104 5/; 1955, £104 7/6; 1957, £105 2'6; 1959, £105 12/6; 1961, £106 2/6. Colonial Sugar, £43 10/; Bank of New South Wales, £34 7/6; Commercial Bank of Sydney, £19 10/; National Bank of Australasia (£5 paid), £7 3/; Associated News, 23/3; ditto, pref.. 23/3; Australian Gas, A. £7 19/; Tooth's, 53/9; ditto, rights, 31/6; Carlton Brewery. 55/9; Australian Iron and Steel, pref., 26/; Dunlop, Perdriau, 1 16/3; Goldsbrough. Mort, 33/7%; Winchcombe, Carson, 31/9; Wilcox, Mofflin, 11/9; Morris. Hedstrom, 24/9; Farmers, 27/6; David Jones, 44/.;. Anthony Hordern, pref., 25/; Standard Cement, 22/; General Industries, 21/; Mount Morpan, 18/1%; Mount Morgan Development, Broken Hill Proprietary, 59/6; Broken Hill South, £5 10/6; North broken .Hill. £7 11/6; Rawang Tin, 8/5; Development, £5 5/- Mount Kasi, at ,f avua Development. 1/6. Melbourne sales included: Commercial 12/. l Australia, 19/ . ditto> pre f., £9 n,;A nk , of New South Wales. £34 10/; & £I V' He !; aU '' and " Weekl^ , r i( 3 - , Zl " e Corporation,- 70/6; , 27° Lyell, 23/; Emperor, 13/7; Loloma, * LONDON QUOTATIONS. ® (Received 1.30 p.m.) LONDON, January 23 ' Mount Lyell, 18/3. ' ® GOLD~AND~sfERLING. 1 LONDON, January 22. Gold is quoted at £7 0/9% per ounce.lhe American dollar is quoted at 4.96 9-16 to the pound sterling and the franc at 75 1-16.