ON 'CHANGE.

Auckland Star, Volume LXIX, Issue 128, 2 June 1938, Page 4

ON 'CHANGE.

A QUIET CALL

SOUTH BRITISH LOWER

TARANAKI OIL FIRM. I Bidding was steady at the first call this morninst, but there was little animation at any st.i-c. The full extent of the advance in Farmers" Trading shares was not maintained, ami there were sellers at yesterday's sale Mice, of £1 1,(3, with best buyers stopping at £1 1/. Jn a weak banking section Commercials had a market between 15 ~> ami 1."), 10, and New Zealand* looked a shade easier with buyers lower, at £2 4,0, sellers still asking £"J 4 9. The insurance section had two sales, Xrw Zealniids being unchancod at £2 18 1, while South Jiiitish at £2 0 1) showed a diop of (id. There m.is little of interest in tlie Australian section, but buyers came back for Klectrolytic Zinc preferences, offprint; £2, with sellers at two guineas. (.Joldsbrouuhs made no reaction to the dividend announcement, oft'eiß to sell at £1 10,3 failing to brinjr buyers. Taranaki Oils finned up. with a market between 8 11 and 0/4. Northern Steams were offered Id lower, at 4 !>. with no buyers in siuht. There was a pood demand for Government issues at late rates.

Coal Shares Firm. Quotations were almost unchanged at the noon tall, and business was still very quiet. In a small list of sales Toohpy's Brewery were down Td, compared with last sale in March. Mount Lyells down 2d, and Mount Morgans up a penny. Broken Hill Proprietary were closer to business, with a market from £2 19,3 to £3, and Colonial Sugars had a stronger buyer at £47. There was further weakeniiiL' in Electrolytic Zincs. Firmness in coal shares was reflected in a buyintr offer of 8/ for Westport, Stocktons, and a sale in Renowns preferences at 2/6. Taranaki Oils were quoted from 8/11 to 9/3.

SALES COMPLETED. h~ THE 3.16 P.M. CALL YESTERDAY—

LONDON QUOTATIONS. (Received 11.30 a.m.) LONDON, June 1. Clutha 1/7%, sellers' 1/10%; Molyneux btiyef* |/< eellerfc 1/3. New Zealand Loan and Mercantile, ordinary £28, preference £75.

INTEREST HATES. 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: —

Last 8a!e. i e 6 d £ g d Bank of X.Z. (2) 2 4 7 ,. 2 4 7 Nat. Insurance . 0 17 8 .. n 17 S Farm. Trading . 1 1 « loo J. Coirs 4 1 0 .. 4 0 0 N.55. Drug r? 7 6 .. 3 7 6 Tarn n:i ki Oil .. 0 0 0.. 0 S 0 Wool worth Prop irts.) 0 3 10 .. 0 3 10 UNLISTED. N.Z. Tcr. Forests 2 0 0.. 2 4 9 AT THE 10 A.M. CALL TO-DAY— N.Z. Insurance . 2 IS 1 2 IS 1 South British . 2 6 0.. 2 7 3 Farm. Aiict. (T5 pref.) 1 1 3 .. 11 3 Woolworth (rts) O 3 10 .. 0 o 10 Woolworth (South Africa) 0 16 0 .. 0 16 4 Mt. Morgan (2) OSS.. O S 'J AT THE 12.15 P.M. CALL TO-DAY— Renown Col. (pf) 0 2 6.. 0 2 6 Toohey's Brew. 1 lo 0 .. Ill 4 Woolworth (Syd) 10 0.. 100 woolworth I'rop. (rts.) 0 3 10 .. 0 3 10 Mt. Lyell 1 2 7 .. 1 2 0 Mt. Morgan ... O S 0 .. OSS

PER CENT PER ANNUM. £ s. d. Bank of New Zealand 4 0 9 National Insurance 4 5 0 New Zealand Insurance ... . 3 18 10 South British 3 0 2 Farmers' Allot. B pref 4 14 2 Farmers' Trading (i 10 3 G. J. Coles 4 11 10 New Zealand Drug 4 14 10 N.Z. Perpetual Forests ..... 5 5 0 Renown Collieries (pref.) . . 7 0 0 Toohey'a Brewery .... 4 13 8 Woolworths (Sydney) 3 12 0 Mount Lyell . j......v. .. .=* 4' 8 8