STOCK EXCHANGES.

New Zealand Herald, Volume LXIX, Issue 21100, 6 February 1932, Page 5

STOCK EXCHANGES.

YESTERDAY'S SALES. RETURN ON INVESTMENTS. Folio"-inp is a Hst of yesterday's transactions on New Zealand Stock Eschaftges. In the second column is given the return, based on tie last annual dividend* from investment at the quoted price- In the case of GoTernment and other redeemable securities the return includes redemption In calculating the returns on shana. in companies which pay tbeir dividends out. sido New Zealand exchange rates, being liable to fluctuation, bare not been taken into consideration* The first column gives the 'figures at which the sales were made AUCKLAND EXCHANGE.

REVIEW OF THE WEEK. EASIER TONE DEVELOPS. MORE BUSINESS RECORDED. An tone has been ia evidence on the Auckland Stock Exchange daring tiio past week and heavier trading has been recorded. Government loans opened fairly firmly, but prices have shaded during tiu» last few days. After a number of transaction* at £l9O. 1337 Si per cent, bonds have eased to £99 15s, and the stock has moved down from £99 17s 6d to £99 12s 6d. Dealing has also been recorded in other and 5j per cent, issues at slightly easier rates. Bank sh'ares have displayed a weaker trend, particularly Australians. Commercials of Australia have fallen from 15s to 14s 7d, and dosed easier. New Sooth Wales steadied at the lower level of £26 sa. New Zealand* moved against the general trend of tß\ market, rising Sd to 45s 3d within the week. Considerably more business was recorded in breweries and miscellaneous investments, but otter wessons, apart from mining, were quieter. Support for industrials continued fairly steady throughout the week, and although on a slightly lower basis than the levels ruling at the close of ia&fc week, prices showed little variation. New Zealand Breweries changed hands at 25s 3d and 25s 6d, and Tooths made 23s Sd and 25s 9d. Farmers' Tradings were steady at 5s 6d. Colonial Sugars developed a decided weakness and after sale last Saturday at £4O changed bands three days later at £3B. Yesterday they registered a slight improvement to £3B ss. Wilsoi)» Cements were done twice Is easier at 325, and New Zealand Refrigerating? again made lis 4d. Inquiry for gold mining investments continued on an unrestricted basis. Holders of Waihis bav» raised thsir limits to 17s 2d, but buyers hare shown no advance from the price of 16s 9d. at which business was done early in the week. King Solomons changed hands a number of times at 2s, and Mount Lveils were steady at 20s 9d. Okaritos were taken twice at 10s. AUSTRALIAN EXCHANGES. YESTERDAY'S TRANSACTIONS. (Eeeeived February 3. 10.13 pja.) SYDNSY. Feb. 5. On the Sydney Stock Excfaang* ttvday investment stocks, with a few exceptions, presented a steady to firm front in a comparatively quiet market. Nothing has arisen from the meeting* of the Loan Council or Premiers at Melbourne to impart activity. The fact that the Commonwealth Government has decided to withhold the New South Wales share of the new loan money of £I.37Q,£K)G in order to pay New South Wales' interest abroad ha# caused a.lot of disappointment, for which Mr. Lang is held responsible. Australian consols, with tha exception of the longer-dated issues were generally higher to-day and the turnover was above normal. Morning sales were; Four per cent. Bonds, 1938. £33 12s 6d to £93 15s; 4 per cent.. 1341, £93 2s 6d; 4 per cent., 1950, £93 12s 6d; 4 per cent., 1951-55, £92 ss: 4 per cent., 1953, £92 2s 6d; 4 per cent., 1938 (£3O bonds), £9 6s fedOther Sides to-day ware; Bank of New South Wales, £3O; United Insurance, £3 15s; Perpetual Trustees. 68s 6d; BurnsPhilip. 395; Australian Gas. A shares. £5 16s; Mailuquin Sugar. 24« 9d ; \ ictoria Nvanza. 19s 3d; British Tobacco, 30s 3d: Dunlop Perdrinu, 12s 2d; GoldsbroughMort, 26 s 3d; Tooth's Breweries, 26s 9d; Henry r Jones, 235; North Broken Hiiis 67s 6d; Electrolytic Zitjc, prei, 23s 6d; Zinc Corporation, 30s 6d, At Melbourne early sales were; National Bank {£s paid), 117s; Goltisbrough-Mort, 26s -Hd; Carlton Brewery, 30s; Australisn Glass, prei., 30s; Metropolitan Gas, 1925: Dunlop Prrdnau. 12s od; British Tobacco, 30s; Broken Hill Proprietary, 16s 2d; Taranaki, 11-jrtl. CANTERBURY MARKETS. HIGHER PRICE FOR POTATOES. [BT TELEGRAPH. —-FRESS ASSCCUTJOK. ] CHEJSTCHUBCB; Friday. The most notable market, movement of the week has been a firming in the price of potatoes. To-day's quotation is 85s a tern f.io.b, and tW equivalent quotation to farmers is £3 to £3 Not much business has been- done at this figure, but the improvement indicates the growing impression ihat the crop will be disappointing, ... . the wheat coming forward is practically ail of milling standard, a good deal of it weighing 653b. t0"641b. to the busheL MilWs are buying fredy at the board's price of 4s SJfd a bushel f.o,b, Fowl feed a quoted at 4« 5d "a bs&bel f.o,b. for prompt delivery and at 4s 3|d to 4s 4d spread. There are buyers of spread delivery oats at 3s a bushel, .sellers -wanting 3s OJrd f.o.b. Loral A grade Gartens are worth 2s 3d on tracks far prompt delivery and B grade 2* 6d. Algerians are worth'3s a bushel on trucks. Cocksfoot is quoted at 6jd fo 7d for Akaroa, though occasional sales have taken place at higher figures. Plains seed is mentioned at. 4|d, 1 hough none is offering so far. Perennial ryegrass is selling at 3s 9d to 4s to farmers and Italian at 3s 6d to 3s 9d.

Itet-arn on Sale Price. Investment. Bonds. 1336. 51 £ e d S3 10- 0 £ s d 5 12 0 5 9 11 la*. Stk.. 3938."4 J . 95 0 0 Ditto, 133", s| 99 12 6 a 11 7 Back of X.S.TV. (2) 2G 5 9 2 5 3 Bank nf >T.Z. . . 7. 6 S 8 5 0 0 7 10 1 N.2. InBurarsca ' * 2 0 0 AijcklaTid Gas (con.' N.2. Breweries By croft 0 16 1 1 5 n 16 3 6 35 G Colonial Stiffar ("1 . . 38 3 0 «i 14 3 Farmers' Trading . . 0 5 11 12 9 X.Z. Drusr Si 6 6 The foiJowjnsr s«!m also took plare G'C.aen Point, 9*d; iviUff SqIoiecq. 2s; Okatin f J;. ICs. CHR1STCHURCH EXCHANCK Inn. Stk.. 1337. 5* lo> m 'o o 5 12 4 Com. Bank A us. C 34 7 *■ Ditto (ii 0 14 6 + S. and A. Baa« . . 4- H 5 31 0 Bar.lt of N".Z l 2 5 0 e 7 i N.Z. Breweries 1 Z 4 Ditto ] 9 m British Tobueco . . I 6 5 * The feilcwiDS sales ajfco took Blaise :— fcr«»Uen Point, 9d 1.2 >; Mahakjpawa. 3d, WELLINGTON EXCHANGE. Bonris, 1937. 5s 100 0 0 5 10 0 Bank ci X.Z ■ 2 5 0 6 7 4 Bs'itjsh Tobacco . . ! S 2 DuJa 1 <5 4» I 0 H » Mount LyeO 4 17 f? Waihi (2f 0 17 0 H 35 3 The foljowiau ea'ea also took place Brstiait Tebaeao, 2Ga 3d, 3Rs 3k!. 2fla 4d: weujftgiojj City Bocdft. 1333, 6 vet cent.. £9© las. MJNEDIN EXCHANGE. Bank of ST.Z 2 S 8 « 7 I D-LC. ip rei.) 10 0 6 0 0 Is tervm dividend reduced, t Interim din.deed iiaBBM.