TRANSACTIONS ON 'CHANGE.

Auckland Star, Volume LX, Issue 230, 28 September 1929, Page 4

TRANSACTIONS ON 'CHANGE.

FURTHER EASING IN BANKS. MILNE AND CHOYCE SELL WELL. \ fair volume of business was finalisec on" the local Exchange yesterday after the "Star" went to press, and this morning i call found several fresh sales recorded. ' The chief feature has been the contmuec : weakness of the bank section. Five transactions completed were all made at lowei prices, and this morning's call found quotations further reduced. A sale of Milne and Choyee debenture stock at £1 7/3 showed a new high level for this scrip. ._ At this morning's call a buyer for New Zealand Insurance Co. came forward otterintr £2 7/3. a drop of threepence. Leyland-O'Brien Timber were inquired for, the buyer naming £1/10/9 for the £1 shares. . Offers for New Zealand Breweries shares were reduced to £4 9/. A sale of Pukemiro at £3 13/ is the first since the final dividend of 5/ a share was paid.' 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. Union Bank 5 1 8 Bank of New South Wales .. 4 17 7 National Bank of N.Z 5 3 8 N.Z. Refrigerating (con.) .. 713 9 Farmers' Fertiliser 7 6 1 Auckland Gas 6 9 8 Union Bank 5 2 0 Golilsbrongh, Mort C 16 4 Milne and Choyee debentures 5 17 6