ON 'CHANGE.

Auckland Star, Volume LXVII, Issue 46, 24 February 1936, Page 4

ON 'CHANGE.

I WEEK OPENS QUIETLY. RESERVE BANKS FIRMER. Chief feature in a quiet beginning to, the week was a sharp rise m Reserve j Bank shares, which changed hands at £0, ! a rise of 5/, and the highest price since I the election. Subsequently .the market I rested between £5 17/6 and £0 5/. Othei than this, there was little change in banking or insurances. . . j Shipping shares had a fair inquiry, and . Northern Steam were asked tor at //l, with sellers up to 7/10. . . , Hill and Plummers had then - first sale | in recent months, a buyer going to par to secure requirements. This shows a use of 2/, and is the highest realised tor a considerable period. Wairakeis also moved up. having a sale 3cl mgner, at 7/. Wilsons Cement were steady between £- 2/9 and £2 3/. Improvement At Noon. There was an improvement at the noon call when eight transactions were put through. Bank of New Zealand* were a Denny higher, with late buyers at £_ //J and holders asking £2 8/ and Reserve Bank limits narrowed to £o 18/o and ii) For New Zealand Breweries buyers came in at £2 11/3. .Among the miscellaneous limits were adjusted tor a nurnbei of issues, mainly British Tobaccos, Consolidated Bricks, Electrolytic Zincs, >e\\ Zealand Newspapers, Sanfords and Wilsons Cements' (which sold firmer). Inquiries for Mount Morgans were more confident at 15/9, and holders raised their price to 16/6. INTEREST KATES. The return to the investor on his outlay, based upon, the latest dividends, out as follows on the latest sales When Government stocks are included, the calculation provides for redemption at maturity. When payment is made m 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. Reserve Bank 4 3 4 Hill and Plummer ........ *?■ t iMilne and Clioyce deb. stock 4 I Wairakei \ SALES COMPLETED, AT THE 10 A.M. CALL TO-DAY —

Last Sale. £ s d £ s d Reserve Bank ..-6 0 0.. a lo 0 Hill, Plummsr . 10 0.. 0 Is o Jlilue. Choyce (del). stock) .. 0 10 0 .. 0 16 0 Wairakei 0 7 0.. 0 tr 0 AT THE 12.15 P.IW. CALL TO-DAY — Bank of X.'Z. ... 2 7 10 .. 2 7 9 X.J5. Insurance . .33 3 .. o «■ " - Auckland GaS . 1 o 10 .. 1 i> 1" Devon. Ferry 1 r! H ", u Taupo Timber . 0 • «> 0 J J G. J. Coles 3 lo 6 .. o 1- J .Wilsons Cement 2 3 0.. _ - J (Wgtn) 102 15 0 .. 100.13 0 CALL AND DIVIDEND LIST.

dividends. Due. National Mortgage—Final, 25 p.c. Feb. 20 Bank of N.S.W.— Qrly., o/ Feb. 20 Mataki—Id a share * eb. Kuala Kampar—-3d sterling and bonus 3d ,•;„•••• ,, o Standard Insurance —Int., l/o .. ar - - Silknit —S p.c Mar. o Broken Hill S.—Div. . 2/G, bonus 0/6 JIar. 14 EIpc. Zinc—Int., ord. and pf., 4 Mar. 10 Hume 'Pipe" (Aust.) —Int., 5 p.c. p Mar. dU Gillespie's Beach—5 p.c. ..... - -. Mar. IS N. Broken Hill—Int. 2/(5, bonus Huddart, Parker—Final, pf. 3 p.c., ord. 31 p.c Mar. — Bank of A'sia —Final, 4/3 sterling, less English income tax . . Mar. CALLS. Broken Hill—5/ instalment Feb. 28 Mortgage Corporation—5/ a share Apl. 1