GOLD AMD STERLING.

Auckland Star, Volume LXIX, Issue 224, 22 September 1938, Page 8

GOLD AMD STERLING.

8 Finance, Cotm ON CHANGE. i SLOWS CfrVN AGAIN. HARBOUR BOARD LOANS CHEAPEF Following a l, U( ,ier e».v yesterday th« Stock Kxchange opened quietly thk mom ins and only a few sales were finaiajed ai the first call and these reflected Say generally weak tone f>f the market. Hiililina was particularly slack' in tin hist three section*, namely hanks, ins,..-nni-H, nu.l loan and agency. Hank of X..« /-'•a and* were fairly steady, with lmv»i> .H 42 I no seller*, while New Zeala-u Ins'iran.es sol.I Kd lower at. .VI' and ; Ifiiyer came in for South British at 4.'l/. lUcent wenkmvs in local lio Iv dehe-i tin rs was stiikin K ly exemplified i„ (|, ( rune ol Hie Auckland Harbour Board 4ViV l!> "'Mil. which changed haiuls at-floO I."' compared with £ Ilj« j„ .|„| y . j, lst |„. to|t the hall-year's dividend was paid. Allowing for interest adjust men to this ehows .1 drop ol approximately £3 17 9. In Government stocks there was a better demand at the low rates recently ruling, hut there were no often, for .->3-.->7 3'Vh, which were avail ible at £04. Australian industrials looked a little easier. Improvement at Noon. Bidding improved at the noon call. Australian industrial* showing a fdinh* advance, while hanks and (government utockw unc f|iioted tinner. A sharp rise in Klectrolytic Zincs \v.ir= tlie mam feature, the preference shares moving up 2/ to a sale at £2 a', witl. climing quotations firm on that figure. Broken Hill Proprietary were active, the sale price heing above that indicated 1>\ morning quotations, though a shade below j esterdiiy'« rate. In the mining Barrier ehares showed a marked improvement and Mount Morgan preferences had their first local sale at £1 O'ft. Bank of New Zealand* had better liuven* at £2 2/2. with sellers 0d higher. nnd offers for Nationals were raised to £2 12/ without attracting a selling quotation. Holiday on Monday. The Exchange will observe next Monday, Dominion Day, as a holiday. SALES COMviSTBD. AT TUB 8.1 B PM. CALL TBSTBRDAT— * Last Sals. { m « t a d Kauri Timber . 1 2 « .. 12 7 Aust. Olns 4 11 O .. 4 12 0 Horn. Breweries 1 IO O .. 1 10 9 Hums, Phllp ... 2 10 » .. — Dunlop Perdrtau 10 6.. 109 M cKenales .100.. 3 50 vroolworth (Syil) 10 8.. 102 Woolworth Holdln«r« 0 14 10 .. 0 15 2 V, Broken Hill r 2 0 0.. 249 Stock. 13/8/52-55 4 i..c 100 0 0 .. 100 0 0 Stock. March, 30-43, 3| p.c. . 08 7 6 .. 98 7 6 Stock, Nov., 3852, 3) p.c 100 0 0 .. 100 0 0 AT TM8 10 A.M. CALL TO-DAT— N.Z. Insurance . 2 14 « _ 2 IS 0 I>om. Breweries (new Issue, folly paid) ... I • 0 .. — xzo ■'• x * • 9/7/49 ....... 100 15 0 .. 108 0 0 AT a«.1B ML CALL TO-DAT— Broken Hill Pty. 2 15 « ., 2 15 IO Br»k«i. inn .*!»», .3 vf a /<; a 4* ft KTect. Zinc (prn. 2 5.0 ..; 3 8 0 ML' *orf*a Jof) [;£ ■ 0,, B._ ...„;. r — ■' (Srt'tfan Offlctal Wireless.) :' ™ '' (Received 11 a.m.) RUGBY,. September 21. British war lou 3H per cent is Quoted at £100 10/, compared with £100 15/ yesterday and £BB 17/0 on Monday. Clutha Dredging", buyers 1/0, sellers 1/9; Molyneuz, 7Kd, lOttd. IliTEREST RATES. The return to the investor on his outlay, based upon the latest dividends, works out as follows on the latest tales. When Government stocks are included, the calculation provides for redemption ai the earlier, date of maturity. When paynjent m made in sterling, exchange is added. In the case of local body issues allowance is also made for 20 per cent interest reduction :— PBR CBNT PER ANNUM. £ s. 0. New Zealand Insurance .... 8 18 5 Kauri Timber 0 18 4' Dominion Breweries 0 18 4 Australian Glass 8 10 0 Broken Hill Proprietary ... 4 9 10 Electrolytic Zinc, pref A 18 4 Burns Phllp 8 18 10 nunlep Perdrtau .......... 010 0 Peter's lee .. 0 1 IO Wool worths (Sydney) 8 14 0 Stock, 15/0/52-55, 4 0 2 0 GOLD AMD STERLING. 1 . (Saeslved 9.80 a.m.) LONDON, September SI. Gold ia quoted at £7 4/ per fine ounce. The exchange rata en Hew York ia 4.82H dollar* to the pound sterling, and on Paris 178% franca. *nie following ia a summary of the fluctuation* in the price per ounce of'fine gold this year:— S a. d. Highest price, September 14 7 4 11 Lowest price. January 8 .. 0 19 5 September IS ...- 7 4 7 September 14 7 4 11 September 15 ....*.. 7 4 3 September 18 7 4 8} September 17 7 4 0| September 19 7 4 7 September 90 7 4 4 September 21 ...% 7 4 0