TRANSACTIONS ON 'CHANGE.

Auckland Star, Volume LX, Issue 226, 24 September 1929, Page 4

TRANSACTIONS ON 'CHANGE.

A QUIET REOPENING. HARBOUR BOARD LOANS SELL. There was the usual restating of last week's quotations when members re* assembled for the first call this week, but only a few transactions were finalised. Kempthorne Prosser were quoted ex dividend. In gilt-edged stocks a parcel of 5 per cent (1946) was offered at £98, and of 5% (1933) at £101 15/. The Noon Call. A fair amount of business was recorded at the noon call, the sales including another parcel of Harbour Board scrip. Pukemiros are still in keen request, and buyers raised their limits, first to £3 17/ and then to £3 17/6, to effect transfers. These are the highest levels yet reached for this scrip. Breweries are still firm, and a sale was made at £4 10/. The general tone of the market continues quite healthy. Business in the South. Of last week's business in Christchurch the "Christchurch Times" says:— "Although locally business this week has been steady, the reported turnover was a little below that of last week, the totals being 11,984, against 13,196 the previous week. An analysis of the business gives the following results, with the figures for the previous week in parentheses:—Banks 970 (3871), insurance 200 (245), loan and agency 290 (1850), breweries 3805 (480), meat 1059 (600), wool nil (100), coal ,500 (700), mining 3400 (2900). "In addition there have been sales of Government issues totalling £2000, against £2500 last week, of local body debentures £500 (£500), and of company bonds and debentures £4000 (£1200). Interest Rates. The return to the investor on his outlay, based upon the latest dividends and in the case of loans and debentures upon redemption at maturity, works out as follows for the latest sales:— PER CENT PER ANNUM. £ s. d. Auckland Harbour Board debentures. 5J (1949) ... 5 7 5 Auckland Harbour Board Loan, 5i (1939) 5 6 3 Bank of New Zealand D mortgage ~ 5 4 4 National Bank of N.Z 5 2 2 Huddart-Parker 4 9 3 Pukemiro 9 0 8 Devonport Ferry 6 16 3 New Zealand Breweries .... 3 6 8 National Insurance 4 10 0