ON 'CHANGE.

Auckland Star, Volume LXVII, Issue 292, 10 December 1936, Page 4

ON 'CHANGE.

QUIET THIS MORNING. MILNE AND CHOYCE FIRMER. BANK OF NEW ZEALAND WEAK. Following a busy period yesterday afternoon the Auckland Stock Exchange was much quieter this morning, and only a fewBales were recorded at the first call of the day. In the banking section New Z'ealands were again weak, with sellers at £2 1/6 and no buyers. New South Wales were again on offer at £34 5/, and a buyer moved up to £34. South British shares were firm, with buyers at £4 11/, and no sellers. Dalgetys were firmer, with quotations from £10 7/6 to £10 15/. Gas shares improved, and following a sale yesterday afternoon at £2 1/6 the market lay between £12/ and £1 3/. The brewery section was in demand, with buyers for New Zealands at £2 12/9, for Staples' at £1 16/, and for Tooth's at £2 13/6, while Dominions were again neglected. Milne and Choyce shares were firmer, buyers advancing to 16/6 without interesting holders. The debenture stock was quoted between 16/ and 16/6. M.K. Millinery shares had a market from £2 2/6 to £2 12/6. In Australian issues moderate changes were recorded. G. J. Coles were unchanged with business at £4 10/3, and Woolworths (Sydney) sold from £7 14/9 to £7 15/, a rise of a shilling. Broken Hills and Australian Glass were steady, with buyers at £4 and £4 10/ respectively. Government stocks had a few more buyers at about late rates. Brighter At Noon. Orders came more freely as the morning proceeded, and a good list of sales was finalised at the noon call. These included two parcels of Government bonds and stocks, both of 1952-55 dates, and in each case a reduction followed the present market trend. Standard Insurances are usually firmly held, and had their first sale since July, a vendor accepting at £2 19/6, a reduction of 2/6. Woolworths (Sydney), continued to firm, with sales at £7 15/6 and £7 16/, after whicli there were still sellers at the higher figure. SALES COMPLETED. AT THE 3.1 B P.M. CALL YESTERDAY— Last Sale. Bank of N.Z. .. 216.. 22 (> N.Z. Insurance . 3 0 6.. 3 0 6 South British . 411 3 .. 411 O Renown Col. (pf) 0 2 S .. 0 2 S Auckland Gas . 12 3.. 1 2 O Aust. Glass ... 4 10 6 .. 4 10 0 Broken Hill, con 3 9 3.. 3 t> 7} Farm. Trading . 10 0.. 110 G. J. Coles 4 10 3 .. 410 3 N.Z. Newspapers 2 0 0.. 2 0 0 Jit. Morgan (2) 015 C .. 015 51 Placer Develop. 5 0 0 .. 419 6 Bonds 15/4/46-49 4 p.c 101 15 0 ..102 0 0 UNLISTED. Wool worth (Syd) 714 0 .. 714 0 AT THE 10 A.M. CALL TO-DAY— X.Z. Insurance . 3 0 G .. 3 0 0 Broken Hill, con 3 9 6.. 3 9 3 G. J. Coles 410 3 .. 410 3 Hume Pipe ... 110.. 110 UNLISTED. "Woolwortli (Syd) 714 9 .. 714 0 AVoolworth (Syd) 715 0 .. i 14: J AT THE 12.15 P.M. CALL TO-DAY— N.Z. Insurance . 3 0 6.. 3 0 0 Standard Ins. . 219 6 .. o - O Dunlop Perdriau Oli 9 • • , ~ £ Elec. Zinc (prf) 2 9 3... 2 9 o * G. J. Coles 410 fa .. 410 o "Woolworth (N.Z.) „ (pref.) lit 0 .. Ili b 8 4 n p!c 15 . /^ 5 103 10 0 ..103 15 0 S Tp:c. 7 6 ..103 10 0 UNLISTED. AVoolworth (Syd) 715 6 .. 714 0 "Woolwortli (Syd) '16 0 • • LONDON STOCK EXCHANGE. LONDON, December 9. Mount Lyell, £1 8/6; New Guinea, LONDON, December 8. Sales of debentures and shares on the London Stock Exchange to-day included the following, the prices on Novembei -J being given for comparison: — Nov. 25. Dec. S. £ S. tl. £ Dalgety (4 p.c. deb.) 101 0 0 101 0 0 British Tobacco ... 117 l> 1 1 j? Goldsbrougli, Mort 110 0 130 0 ho n 112 o INTEREST RATES, j - 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 the earlier date of 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. Bank of New Zealand 4 16 a New Zealand Insurance 3 6 2 South British ............ 218 5 Renown Collieries (pref.)... 0 11 o Auckland Gas o ~ J Australian Glass o 0 d Farmers' Trading *± lb iu G. J. Coles "j 8/ § Hume Pipe r Jo ? New Zealand Newspapers . . lo f Bonds, 15/4/46-49, 4 3 1< 0 Standard Insurance 4 4 (J Dunlop 3 12 Jj Electrolytic Zinc (pref.) ... 4 1 S Bonds, 15/6/52-55 (4) .... '3 17 0 Stock, 15/6/52-55 (4) 3 17 9 LONDON RATES. (Received 11 a.m.) LONDON, December 9. Discount and short loan rates on the London market, compared with those for' last week, are as follow: — Dec. 2. Dec. 9. p.c. p.c. Day-to-day loans 5 ? Fine trade bills (3 mos.) 2to2} ' 2to 2J Bank bills (3 months) . E 13-16 Bank bills (0 months) 3 . $ Treasury bills (2 mos.) 1 3 Treasury bills (3 mos.) J i New York call rates are quoted at 1 per cent. /