ON 'CHANGE.

Auckland Star, Volume LXVII, Issue 173, 23 July 1936, Page 4

ON 'CHANGE.

MARKET IS STEADY

QUIET THIS MORNING. A fair volume of business lias been transacted on 'Change over the past 24 hours, but the tone was rather quiet this morning when eight sales were recorded, only one in the room. Bidding was restrained in most sections. In the banking class Commercials failed to hold the full extent of the latest rise, and changed hands a penny lower, at 18/9, with a subsequent market between 18/8 and 18/10. New Zealands eased 2d, with business at £2 0/3, and later quotations from £2 0/2 to £2 0/8. Insurances were quiet at late rates. Woolworths (N.Z.) came closer to business when buyers moved up to £5 9/, and sellers dropped a shilling, to £5 14/. Australian issues were quoted as freely as usual, but values were not greatly changed, though Coles were offered at £3 IS/9 without response from buyers. Government stocks were firm, and _ '55's changed hands 10/ better, at £103 2/6. Mortgage Corporation bonds were on otter at £98, with no buyers. Australian Issues Easier. Values were easier at noon in a number of industrials, but little business was done. Bycrofts, however, maintained their level, and closed between £ 1 19/ and £2 2/. Woolworths (pref.) gained 1/3. The tone in Australian shares was indicated by a reduction of 6d in Australian Glass. For Bank of New Zealand limits were revised to £2 0/3 and £2 0/7. There was a sharp increase in offers for 15.l 5 . and O. deferred stock, buyers coming in at £1 S/2, while holders asked £1 8/9. Among mining, sellers of Mount Lyells and Mount Morgans were fractionally lower. SALES COMPLETED. AT THE 3.15 P.M. CALL YESTERDAY— Last Sale. £sd £ s d Com. Bank O IS 10 .. O IS fi Rank of N.Z. .. 12 O 4 .. 2 <> 4 Hank uf N.Z. .. 2 0 5.. 2 0 4 Farm. Co-op. (A pref.) 13 0.. 120 Taupo Timber (pref) 014 0 .. 014 0 Broken Hill l't.v .",14 0 .. 3I t <> Morts Dock ... 012 9 .. 01_10 A Morts Dock .... 012 -4 .. - Farm. Fertiliser 12 4.. 1 - i Farm. Fertiliser 1 2 3 .. i : 1 Woolworths (N.Z.) 512 0 .. 311 •> Grand Junction 0 3 7 .. O o 0 Bonds 37-40 4 p.c. ex int 101 O O .. 102 1< 0 UNLISTED. Selfridges (3/ pel) 010 0 .. — Shillings (12/G paid) 0 16 o AT THE 10 A.M. CALL TO-DAY — Com. Bank OIS 9 .. OIS 10 Bank N.S.W .. 32 lo 0 .. 32 12 b Lsank of N.Z. .. _• 0 .> .. _ 0 < North. Steam. . <>;>;>.. 0 Kauri 1 J• • J; 1 J Tlvorof t — O 0 •• — " lunlop, ... 018 8 .. 018 8 Stock, 52-55, 4 . 105 2 6 .. 104 12 0 AT THE 12.1S P.m. CALL TO-DAY— Auckland Gas . 1.5 7 .. 1 j> S Bycroft - JJ ® • • r Woolworths (prf) Ilb > ■■ 1 Aust. Glass .... 412 b .. 410 0 UNLISTED. TiprofE (ex r'ts) 2 0 0.. 210 O interest bates.

Tlie return to tlie 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 ■ m sterling,-exchange is added. In the case o£ local body issues allowance is also made for 20 per cent interest reduction:— PER CENT PER ANNUM'. £ s. d. Commercial Bank ......... 3 2 3 Bank of New Zealand 4 10 4 Hank of New South Wales . . 3 1 o Farmers' Auct. (A pref.)... 4 0 l Taupo Totara (pref.) ..... o o i Kauri " 1 ~ By croft , . . Broken Hill Proprietary ... 3 7 0 Stock, '52-'35, 4 p.c. ...... o i« CALL AND DIVIDEND LIST. DIVIDENDS. Due. Golden Dawn —1/ July 24 G. J. Coles—Final, Inc. bonus. 5 „ c July 27 Union Bank—lnt., 2/6 July 20 British Tobacco —Qrly., pf., p.c. p.a. July 31 Auckland Gas —Int., 22 pc Aug. 1 Dom. Invest. —Filial, 4 p.c Aug. 3 N.Z. Insurance —Final, 1/ Aug. 4 Com. Bk.—Final, ord 3 1-3 p.c., pref. 2 p.c Aug. 6 Farmers' Fertiliser —5i p.c. .... Aug. In Staples'—lnt., 3 p:c. '• Aug. Elec. Zinc—Final, ord. and pf., 6 p c Sept. 10 !