STOCK EXCHANGES.

New Zealand Herald, Volume LXVIII, Issue 20922, 11 July 1931, Page 7

STOCK EXCHANGES.

YESTERDAY'S SALES. ' „ ■■*•-""" v ,• .n RETURN ON INVESTMENTS, Following is a list'of yesterday's transactions on New Zealand Stock Exchanges., In the second column is given the return, ; based .on the last annual dividend, from investment at- the quoted price. In, the 'case of Government and other redeemable securities the return includes redemption. In calculating the returns on shares in companies which pay their dividends outside New Zealand exchange rates, being liable to fluctuations, have not been taken into consideration, The first column gives the figures at which the gales were made:— AUCKLAND EXCHANGE. Return on Sale Price Investment/. £sd £ s d Auck. Transport Bel., 1949, 5i . . . . 93 0 0 5 17 11 Auck. City, 1905, 5* 93 15 0 5 13 3 Com. Bank Aus. 0 14 6 * N.Z. Insurance (2) . . 22 0 415 3 South British .. 2 11 3 5 4 1 N.Z. Breweries . . 115 4. * Colonial Sugar . . 35 0 0 7 2 10 Wailii 0 15 0 12 18 10 Wailii Grand Junction 0 3 0J 10 19 3 The following sales also took place:—King Solomon, 2s Od. 2s 30d (2). CHRISTCHURCH EXCHANGE. Ins. Stk., 1932. 6} . . 99 15 0 5 10 0 Clich. City. 1955. 5} . . 97 0 0 5 14 7 Nat. Bank of N.Z. . . 4 9 0 412 4 Bank of N.S.W. (3) 25 7 G 7 1 10 Ditto . . . . 25 .5 0 7 2 7 Bank of N.Z. ..2 8 3 5 1.8 10 Union Bank .. .. (i 13 o 5 5 3 National Insurance . . 012 11 510 2 Goldsbrough-Mort . . 1 0 2 419 2 N.Z. Breweries (2) . . 115 3 Mount. Lyell . . ... 0 18 3 * N.Z. Befrife'., 10s pd. (4) 0 3 5 Ditto .. 0 3 4 The following sales also took place:—Bank of New South Wales, £25 Gs; Cornish Point, Pld (2), lOd; King Solomon, 2s BJd, 2s 9d; Mahakipawa, 7d; Okarito, lis, 10s lid. 10s 10d, 10s 9d (2); Golden Point (Is paid), Is Bd, Is 7jd. (2). WELLINGTON EXCHANGE. Ins. Stk., 1933, 5i . . 99 5 0 5 18 7 Hamilton Bor., '47, 4i 84 10 0 6 1 1 N.Z. Breweries ~ 1 14 10 * Ditto (2) .. ..1153 * Waihi (2) .. .. 0 15 8 12 15 3

The following sales also took place:—New Zealand Breweries, £.l 15s; Mahakipawa, 6}d.

DUNEDIN EXCHANGE. Cora. Bank Ans. 0 14 5 * N.Z. Insurance . . 22 0 415 8 The following sales also took place:— Okarito, 10s 9d; King Solomon, 2s lid (2). JNVERCARGILL. EXCHANGE.

The following sales took place:—King Solomon, 2a 9d (2), 2s lOd. ♦lnterim dividend reduced.

REVIEW OP THE WEEK.

INCREASE IN TURNOVER.

MORE ACTIVE CONDITIONS.

Active trading conditions with an upward trend in prices were marked features of tho week on the Auckland Stock Exchange. Banks led the forward move, but toward the close buyers reasserted themselves in industrials, several of which, particularly Australian issues, made considerable headway.

The bulk of the transactions in banks was done in Unions, which eitrly in tho week were turned over at £7 14s and £7 15s, Subsequently they had sale afc £7 10s, and following tho lower dividend announcement were released at £7 6s, with a further easing in quotations afc the close. Commercials of Australia also»fell back' with transactions afc 14s lid, 14s 5d and 14s 6d. Other issues were firm. In insurance tho price of New Zealands advanced 3d to £2 2s, at which level several parcels changed hands. South British, after steady dealing afc 51s 6d, were easier afc 51s 3d at the close. Half-a-dozen transactions confirmed a keener interest in New Zealand Breweries, which after a mid-week recession to 34s 9d advanced again to 35s 4d, In general investments offers for Australian Glass wero lifted from 20s 6d to 23s 6d, attracting selling quotations of 25s 6d. British Tobaccos also improved and were done Is firmer at 25s 6d. The firmer price of £35 5s was paid for Colonial Sugars, which later eased to £35.

'A substantial volume of business in tho mining group included sales of Waihis at 15s 6cl and 15s 7d and Waihi Junction at 3s and 3s After weakening to 2s 8d King Solomons closed firmer with business at 2s lOcl, 13 parcels changing hands within that range.

NEW COMPANIES. SOUTHERN REGISTRATIONS. The following new companies have been registered in Southern centres; — PUBLIC. Amalgamated Kawaran Gold Mining Company, Limited, Wellington, to acquire and take over tho undertaking of the existing company, tho Kawarau Gold Mining Company, Limited. Capital, £150,000, in 3,000,000 shares of Is each. Subscribers: Dunedin: Kawarau Goldmining Company, Limited, J. A. P. Fredric. Cromwell: «T. Ritchie. Masterton: R,. Page. Wellington: J. W. Andrews, G., A. C. Robioson, W. 11. Nankervis. Melbourne: 11. Credgington. 500 shares each.

British and Foreign Concessions, Limited, to establish companies and associations for the prosecution or execution of undertakings, works, projects, or enterprises, etc. Capital, £60,000, in £l, shares. Subscribers: 11. L. Rces, D. F. McCormicli, R. G. Rainger, and K. C. Campbell, 100 shares each; A. M, Spencer, M. L. Batson, R. H. Stewart, 50 shares each. " The company was formed in Wellington, but tho registered office is in Auckland.

Industrial Developments, New Zealand, Limited, Wellington, chemical manufacturers, miners, smelters, engineers, etc. Capital, £SOOO, in £1 shares. Subscribers: G. J. Smith, B. H. Edkins and W. A. Veitch, 50 shares each; E. Rabbridge, D. M. Pindlay, J. R. Smith and G. 11. M. Moir, 25 shares each. PRIVATE. Joseph Shechan, Limited, New Plymouth, fellmongers, etc. Capital, £SOOO, in £1 shares. Subscribers; J. Sheehan, 4999 shares; M. Sheehan, 1 share. W. C. Battson, Limited, Ghristchurch, drapers, geneval merchants, etc. Capital, £3OOO, in £1 shares. Subscribers: W. 0. Battson and E. J. Stocks, 1500 shares each.

SYDNEY SHEEP SALES. PRICES FOR STUD -MERINOS. I SYDNEY, July 10. The stud sheep sales have closed. The six selling companies sold 2218' Merinos for £39,141. The average price was thus more than £l7. Last.year 2592 were sold at an average price of £l2. The highest price paid this year was 525 guineas, compared with 340 guineas last year. MELBOURNE PRODUCE. MELBOURNE, July 10. The following are to-day's quotations on the Melbourne produce markets:— Wheat, 2s 5d to 2s 6d; flour, £6 15s; bran, £3 15s; pollard, £4 ss; oats, 2s 4d to. 2s sd; barley, English, 2s 7d to 2s 8d; maize, 4s to 4s 2d.