ON 'CHANGE.

Auckland Star, Volume LXVII, Issue 195, 18 August 1936, Page 4

ON 'CHANGE.

BUSINESS IS FAIR. SOME LINES IMPROVE. P. AND O.'S JUMP. Following a busy call yesterday afternoon, business on the Auckland Stock Exchange waa quiet this morning. The banking section looked better, witli more buyers than for sonje time. Australasias sold 1/ lip, at £11 IS/, and Commercials were quoted higher from 18/ to 18/3. Buyers for New South Wales moved up 2/6, to £32 10/; no sellers. New Zealands were steady from £1 19/6 to £2, Buyers for South British advanced their offers 6d, to £4 0/6, sellers asking £4 11/. Gas shares were offered Id lower, at £1 3/10. A feature of the call was a sharp rise in P. and O. deferred stock, buyers moving up from £1 9/6 to £1 12/ without attracting any declaration from holders. Amongst Australian issues buying offers for Tobaccos were advanced to £2 0/10 and for Colonial Sugars to £42 15/. G. J. Coles steadied again, and after s sale 6d lower, at £4 4/, there were still buyers at that figure. In Government stocks the only offering was a parcel of '46's at £104. Bank of New Zealands Lower. A reduction of 3d in the value of Banl. of New Zealand shares following the recent steadiness, was the feature of the noon call. There was further scrip avail able at the new figure, and buyers stoppec at £1 19/. This is the lowest figure re corded by Bank of New Zealand shares for a very long time. Commercials Lac holders' quotations raised Id. Adjustments in the insurance sectioi: resulted in buyers of South British movinj. up 3d, while New Zealands had revised limits of £3 2/ and £3 3/6. Among industrials there was a stronj demand for Australian issues, offers beinf raised for Australian Glass, British To baccos, Broken Hill and Electrolytic Zincs. Coles appeared a shade easier. New Zealand securities were neglected Wilsons had quotations reduced 3d oi both sides.

4 FINANCE, COMMEF ON 'CHANGE. BUSINESS IS FAIR. SOME LINES IMPROVE. P. AND O.'S JUMP. Following a busy call yesterday afternoon, business on the Auckland Stock Exchange waa quiet this morning. The banking section looked better, with more buyers than for sonje time. Australasias sold 1/ lip, at £11 IS/, and Commercials were quoted higher from 18/ to 18/3. Buyers for New South Wales moved up 2/6, to £32 10/; 110 sellers. New Zealands were steady from £1 19/0 to £2. Buyers for South British advanced their offers 6d, to £4 0/0, sellers asking £4 11/. Gas shares were offered Id lower, at £1 3/10. A feature of the call was a sharp rise in P. and O. deferred stock, buyers moving up from £1 9/6 to £1 12/ without attracting any declaration from holders. Amongst Australian issues buying offers for Tobaccos were advanced to £2 0/10, and for Colonial Sugars to £42 15/. G. J. Coles steadied again, and after a sale 6d lower, at £4 4/, there were still buyers at that figure. In Government stocks the only offering was a parcel of '46's at £104. Bank of New Zealands Lower. A reduction of 3d in the value of Bank of New Zealand shares following the recent steadiness, was the feature of the noon call. There was further scrip available at the new figure, and buyers stopped at £1 19/. This is the lowest figure recorded by Bank of New Zealand shares for a very long time. Commercials had holders' quotations raised Id. Adjustments in the insurance section resulted in buyers of South British moving up 3d, while New Zealands had revised limits of £3 2/ and £3 3/6. Among industrials there was a strong demand for Australian issues, offers being raised for Australian Glass, British Tobaccos, Broken Hill and Electrolytic Zincs. Coles appeared a shade easier. New Zealand securities were neglected. Wilsons had quotations reduced 3d on both sides. SALES COMPLETED. AT THE 3.1 B P.ll/l. CALL YESTERDAY— Last Sate. £ s (1 £ s d Bank N.S.W. .. 32 12 fi .. 32 15 o Union Bank ... 0 7 0.. 0 S 0 Golds., Mort. .. 1 11 4 . . 1 11 101 Aust. Glass ... 4116.. 411 C" Aust. Iron, Steel (pref.) 1 5 6 .. 1 G 3 Oonsol. Brick .. O 9 10 .. 0 0!) f'onsol. Brick .. 0 0 11 .. 0 0 10 G. J. CoJes 440.. 44 6 X.Z. Newspapers 2 0 6.. 2 0 6 Bonds, 1046-40. 4 105 15 0 .. 104 5 O Ttorn. Breweries 19 6.. 196 Robinson's Ice . 12 0.. 120 UNLISTED. Ak. Trot. Club, 1030-44. 61 ... 101 5 0 .. 101 5 0 Wool worth (Syd) 5 15 O 5 16 6 AT THE 10 A.m. CALL TO-DAY— Bank of A'sia . 11 IS 0 .. 11 17 O Aust. Glass »... 4 11 3 .. 4 11 6 G. J. Coles 440.. 44 6 Mt. Morgan .... O 14 0 .. O 13 11 Stock 15/6/52-55, 4 p.c 105 15 0 .. 105 12 6 Farm. Trading (2 odd lots) .... 0 IS 10 .. — AT THE 12.18 P.m. CALL TO-DAY— Bank of N.Z. .. 1 19 6 .. 1 19 0 Trad. Finance ' „ . . (cont.)' ....... 0 4 4 .. O 4 0 Taupo Timber . 010 8 .. 0 10 »J Aust. Glass .... 4 11 3 » .. 4 11 •» ' Mt. Morgan 0 14 O .. 0 14 0 Upper "YVatut .. 0 6 0.. 069 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 for 20 per cent interest reduction: — PER CENT PER ANNUM. £ s. a. Bank of New South Wales . . 3 1 3 Union Bank 3 5 10 Bank of Australasia f3 17 4 Goldsbrougli, Mort 4 9 4 Australian Glass . 3 5 0 G. J. Coles 2 19 6 New Zealand Newspapers .. 2 19 3 Dominion Breweries 4 8 2 Robinsons Ice 5 9 1 Stock, 15/6/52-55, 4 p.c. .. 3 116 Bonds, 15/4/46-49, 4 p.c. . . 3 9 S tSubject to English incccne tax. LONDON QUOTATIONS. i (Received 11 a.m.) LONDON, August 17. I Mount Lyell, £1 3/6; New Guinea, 4/.