ON 'CHANGE.

Auckland Star, Volume LXIX, Issue 124, 28 May 1938, Page 4

ON 'CHANGE.

i BUSINESS DULL. NEW ZEALAND BANKS FIRMER. AUSTRALIANS I'P SLIGHTLY. All sections of the market were dull nn the Aucklniul Slock Exchaneo this morning, anil quotations showed little change. News of a slightly improved tone on the Sydney Kxclinngo had a firming effect on Australian industrial!*. Broken Hill Proprietarv were r|iiotei| 6<l higher, between £2 10 11 and .€.'! It, 3. and (i. J. Ddes j showed a similar improvement, with buyers at L'l 0 fl. There was nn improvement in metal shares, except in the case | of Mount Moretins, which were nlhjhtlv I higher, with a market between 8 '(i 'audi 8/10. In the banking, interest was confined to the two N'ew Zealand institutions, sellers raising their limits to C 212 '0 for Xiit louals- and C' 2 ."),' for New Zealand*, with buyers steady at £2 12/ and £2 4'o resperlively. N'ew Zealand Insurances were firmer, between i' 2 IS' and £2 IS ( ; . Government soeuritii were quoted at late rates, though the tni\ ,p<r inquiry was not as keen as yesterday, on the whole. SALES COMPLETED. AT THE 3.1 B P.M. CALL YESTERDAY— Last Sato. t m d £ i il Pom. Invest. .. 018 fi .. ow fi Auckland (ins . 10 7.. 1 (> 7 Broken Hill Pty 3 Of» .. 2 if) t; Martha 011 10 .. 011 11 •Mt. I.yell 12 0.. 130 Stock. Nov., 3852. 3J p.c. (ex int.) 102 0 0 .. 103 JO 0 Stock, Mar., 30--13, 3* p.c. ... 100 5 0.. 100 5 O Colonial Stiaar . 47 10 0 ..• -47 10 0 AT THE 9.30 A.M. CALL TO-DAY— Consol. Brick .. 0 8 9.. 090 M.K, Manufactures O 10 0 .. ft 10 o Martha 011 10 .. 0 11 11 Stock. .1.-/2/13-40 4 p.c 103 O O .. 103 0 0 AFTER THE CALL. Martha Oil 9 .. 0 1110 LONDON QUOTATIONS. (Received 12.30 p.m.) LONDON, May 27. Clutha River Company, buyers 1/7V6, sellers l/lO'/j; Molyneux, buyers 1/, sellers 1/3. War loan, 3% per cent, £101 7/6. Mount Lyell, 19/; New Guinea Gold, 1/1%. INTEREST RATES. The return to the investor on his outlay, based upon the latest dividends, works out as follows on the 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. Dominion Investment 5 8 O Auckland Gas 5 7 O Broken Hitl Proprietary .... 4 3 4 Consolidated Brick 5 14 2 M.K. Manufacturers 9 o o Martha 20 17 6 Colonial Sugar ~ 3 3 2 Stock, 15/2/43-46, 4 3 11 8