ON 'CHANGE.

Auckland Star, Volume LXVII, Issue 183, 4 August 1936, Page 4

ON 'CHANGE.

DULL MARKET. TWO SALES AT FIRST CALL. Business on the Auckland Stock Exchange has been rather dull this week, and at this morning's call only two sales were finalised. There was fairly steady bidding, but a weak tone was apparent. There were few buyers m the banking section, and New Zealands were quoted from £2 0/3 to £2 0/9. Insurances were steady, New Zealands being quoted ex dividend; with a buyer at £3 0/9 and no sellers. Amongst Australians, Broken Hill were lower, with a market between £3 12/ and £3 12/9. Buyers for Colonial Sugars dropped back to £43, and for G. J. Coles 6d lower, at £3 17/0. Consolidated Bricks made further headway, with quotations from 9/9 to 10/. In Government stocks the only line offering was a parcel of 1940's at £101 15/. A Fluctuating Market. There was a slightly more confident tone at the noon call, except for Bank of Xew Zealands, which changed hands at current values, and were still on offer at the same figure, and Nationals of Australasia, which lost to 2/ on a sale at £14. Quotations Tor Australian industrials indicated a hardening, following a weak spell. Buyers of Australian Glass raised their limits for £4 11/, and there were inquiries for Broken Hill ontribntings 3d higher. Offers for Electrolytic Zincs also improved 3d for the ordinaries. For Consolidated Bricks buyers advanced their . limits a further Id, attracting sellers at 9/11. In the mining, Mount Morgans had reduced limits, between 14/2 and 14/5. The morning's offering of 1940 4 per cent stock was reduced to £101 10/, but no business resulted. SAIiES COMPIXTED. AT THE 3.15 P.ltt. CALL YESTERDAY— Last Sale. £ s d fed Coin. Bank (prf) 9 7 0.. 950 Bank of N.Z. .. 2 0 0.. 2 0 3 N.Z. Insurance . 2 (5 .. ;i 2 O Broken Hill ... ;i 1."! o .. a 1."! ;i Broken ITill .... i! 11' 10 :! 13 o Klec. Zinc (pref) 2 3 4.1 2 3 41 Morts Dock ... 011 o" .. 011 4" Wilsons Cement 1 10 0 .. 1 10 0 Martha (2) O IS O .. O 18 0 Okarito ..■ 0 2 9 .. 0 4 2 Talisman on l .. olu lo UNLISTED. Auck. Meat .;. 1 10 0 .. 17 6 AT THE 10 A.m. CALL TO-DAY— Klec. Zinc 21 0 .. 2 2 li Koniata Reefs .. 0 5 0.. 0 60 AT THE 12.1 a P.M. CALL TO-DAY— Nat. Bank A'sia 14 0 0 .. 14 2 0 Bank or N.Z. . 2 0 6.. 2 0 6 Ak. Gas (ex div) 14 6.. 156 Kauri 1 4 6 .. 1 4 6 Wilsons Cement 119 9 .. 110 6 Golden Crown . 0 5 0.. 0 5 6 INTEREST RATES. The return to the investor on his outlay, based upon the latest dividends, works out as follows on the latent 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 for 20 per cent interest reduction:— PER CENT PER ANNUM. £ s. d. Commercial Bank (pref.) ~ 4 5 8 Bank of New Zealand 4 18 9 New Zealand Insurance .... 3 4 0 Broken Hill 3 8 8 Electrolytic Zinc (pref.).... 4 12 2 Wilsons Cement 3 15 5