ON 'CHANGE.

Auckland Star, Volume LXVII, Issue 184, 5 August 1936, Page 4

ON 'CHANGE.

BUSINESS IS FAIR. GOVERNMENTS STOCKS OFFERING. There was no noticeable reaction to the Budget announcement at the first call of the Auckland Stock Exchange, unless it was the release of a few parcels of Government stocks and bonds. The banking and insurance sections were quiet at late rates. Bank of New Zealand shares were still available at last sale price, £2 0/0, with best buyers stopping at £2 0/1. Australian issues lacked strength. Glass failed to hold yesterday's rise, being on offer at the last sale price, £4 11/3, with best buyers stopping at £4 10/0. Broken Hills were steady between £3 11/0 and £3 12/3, while buyers and sellers of Coles dropped their reserves 6d, with a market between £3 17/ and £3 IS/. Goldsbroughs were quoted from £1 11/3 to £1 12/3. Amongst local issues Sanfords continued firm. Quotations for the ordinary shares were from 4/ to '4/6, and for the preferences 18/6 to 10/6. Theatre Arcades, which are not often asked for, had a buyer at IS/6, but no seller. Union Oils were in demand at £ 1 10/, and Whittome, Stevensons at £1 19/9. In the mining section Mount Morgans eased with sellers at last sale price, 14/3, and best buyers 13/5. In Government stocks there was a sale of '40's 2/6 higher, at £101 7/6, with more available at that figure. Bonds, in the '46, '49 and '55 issues, were all available at £106. Gas Shares Lower. At the noon call there was small business and few important market changes. Sellers of bonds offered in the looming dropped their limits to £100 10/, and buyers moved up to £105 5/. Holders dropped their limits for Bank of Australasia to £11 18/6 and for Nationals to £3 ( 4/9, while buyers for Bank of New Zealand shares moved up to £2 0/3. Auckland Gas shares continued the recent easing tendency, and changed hands 3d lower, at £1 4/3. Buyers raised their limits for Kauris to £1 4/6, New Zealand Breweries were offered at £2 13/, and a buyer came in at £2 11/6.

SALES COMPLETED.

AT THE 3.16 P.m. CALL YESTERDAY— Last Sale. £sd £ s d Nat. Bank N.Z. 3 3 0 ~ ;; 0 Bank of N.Z. .. 2 0 6.. 200 C. L. Innes (pf) 13 6.. 130 Aust. Glass 411 3 .. 4 fl <; Broken Hill ... 312 0 .. 312 10 Milne. Clioyce (deb. stock) .. 0 34 6 .. O 1.". 6 N.Z. Newspapers 2 0 0.. 2 0 0 Golden Crown . 0 5 6.. 0 5 6 Grand Junction 0 3 7.. 0 3 6,1 Mt. Lyell 1 7 O .. 1 7 4" Mt. Morgan <>14 3 .. 014 6 Martha (2) .... O IS 6 .. 0 IS 0 UNLISTED. South. Cross Assurance 0 2 04.. 0 1 6 AT THE 10 A.M. CALL TO-DAY— Kauri 1 4 6 .. 1 4 0 Consol. Brick ... O 911 .. 0 9 8 Morts Dock (2) 011 6 .. 011 6 Woolworth (N.Z.) (pref.) 1 16 9 .. 116 9 . Grand Junction 0 3 7.. 0 3 6J Stock, 15/1/37-40 4 p.c 101 7 6 .. 101 5 0 Auckland ,City, 1/1/62 107 5 0 — AT THE 12.1S P.WI. CALL TO-DAY— Auckland Gas . 14 3.. 146 Morts Dock .... 011 6 .. Oil 6 King Solomon .. Oil.. 012 Amal. Brick (2) (Auck.) 101 0 0 .. 100 15 0 UNLISTED. Woolworth (Syd) 511 0 511 0 INTEREST BATES. The return to the investor 011 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 for 20 per cent interest reduction: — PER CENT PER ANNUM. £ s. d. . National Bank of N.Z. .... 318 5 Bank of New Zealand 4 18 9 Kauri 5 2 0 Consolidated Brick 4 1 0 Australian Glass 3 5 9 Broken Hill 3 9 6 Morts Dock 5 4 4 Milne and Clioyqe deb. stt... -1 16 6 New Zealand Newspapers . . 3 0 0 Auckland City, 1/1/62 .... 3 16 0 —— LONDON STOCK EXCHANGE. DEBENTURES AND SHARES. LONDON, August 4. Sales of debentures and shares 011 the London Stock Exchange to-day included the following, prices on July 21 being given for comparison:— July 21. Aug. 4. £ s. d. £ s. d. Dalgety (4 p.c. deb.) 101 0 0 101 0 0 British Tobacco . . 1 12 6 1 12 6 Goldsbrough, Mort 1 4 4J 1 4 4i Dalgety 6 17 6 7 0 0 P. and O. (def.).. 116 1 3 10| (Received 11 a.m.) LONDON, August 4. Mount Lyell, £1 1/4 Ms; New Guinea, 4/2.