ON 'CHANGE.

Auckland Star, Volume LXVII, Issue 170, 20 July 1936, Page 4

ON 'CHANGE.

WEEK OPENS QUIETLY. MOST VALUES STEADY. After a strong finish at the week-end the Auckland Stock Exchange started rather quietly, with only a moderate list of sales. In the banking section a slightly better tone was apparent. There were more buyers, and Commercials sold IVid better, at 18/6, with more wanted at that figure and sellers up to 18/9. New Zealands, on the other hand, eased a penny with a sale at £2 0/3, and a subsequent market between £2 0/1 and £2 0/6. Insurances were very quiet and practically unchanged. The brewery section was strong, and Staples sold 6d higher, at £ 1 14/0, with firm buyers for limes, New Zealands and Dominions. North Auckland Farmers' shares were ill request, and buyers moved up to 3/, but no sellers responded. Berleis (N.Z.) were again on offer at £3 6/6, and a buyer came in at £2 15/. Sanfords continued recent firmness, with buyers for the ordinaries at 3/10, and for the preferences at 17/, with no sellers. In Australians, Coles were easier, with sellers at £4 1/ and no buyers, and Broken Hills sold 6d lower, at £3 15/. Morts Dock improved slightly between 12/7 and 13/. In the mining section Golden Crowns improved with a buyer at 6/, sellers 1/ higher. Mount Morgans .were quoted ex dividend, with buyers at 14/4 . and no sellers. In Government stocks the only offerings were of '49's at £ 105 and of '55's at £ 105 10/. Steady, But Quiet. A steadiness in buyers' quotations for a number of industrials was noticeable at noon, and holders generally were firm. Bank shares had steady values, the reduction of 5/6 in Commercial Bank preferences reflecting the easier tone which lias developed since this scrip was last traded locally two months ago. For Farmers' Trading, buyers came in at the reduced figure of 19/3,- but for Wilsons Cement offers were raised 3d, and there were also higher bids for Kauri Timbers and for New Zealand and Dominion Breweries. The main feature in the mining was a rise of 5d made by Waihis, after which buyers stood at 9/3. Mount Lyells were available 3d lower, at £1 6/9, and Mount Morgans (ex div.) at 14/10. 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 lor 20 per cent interest reduction; — PER CENT PER ANNUM. £ S. d. Commercial Bank- ......... 3 3 1 Bank of New Zealand ..... 4 19. 9 Broken Hill Proprietary ... 3 6 0 . New Zealand Refrigerating. 5 8 S Amal. Briek (Wellington), 31/3/44, 7J p.e. ; 6 0 6

CALX AND DIVIDEND LIST. DIVIDENDS. Due. Mount Morgan—lnt., qrly., 4Jd Now Arpo —Id a share Now., M.K. Millinery—lnt., 10 p.c., ... . July 21 Golden Dawn —1/ . - - July 24 G. J. Coles— .inc. bonus, 5 . p.c. .....". July' 27 Union Bank —Int., 2/6 July 29 British Tobacco —Qrly., pf., 6J p.c. p.a. July 31 Auckland Gas—lnt.. 23 p.c."; .-... Aug. 1 N. 55. Insurance —Pinal; 'l/' Aug. 4 Com. Bfe.—Final, ord 3 1-3 p.c., pref. 2 p.c. Aug. 6 Fa icier?' Fertiliser—oi p.c Aug. IS Elec. Zinc—Final, ord. and pf., 6 f p.c. ......... Sept. 10