REVIEW OF THE WEEK.

New Zealand Herald, Volume LXIX, Issue 21112, 20 February 1932, Page 5

REVIEW OF THE WEEK.

GILT-EDGED AGAIN ACTIVE. LITTLE MOVEMENT IN PRICES. Activity on the Auckland Slock Exchange this work hns again centred largely in Government loans, but dealing lias been shared to a greater extent by other fixed securities and banks than was (he case last week. Price-movements, throughout the period have been of narrow extent and with one or two exceptions quotations show little alteration from last week's closing rates. The bulk of -the business in Stale, loans has been done, in per rent. ,1937 bonds and stock. Levels of both have, fluctuated slightly between £O9 7s 6d and £99 10s, closing at. the latter figure. In banks New Zealands registered daily business at the steady price of 44s 9d. New South Wales dropped 7s 6d to £25 15s, and Commercials of Australia ranged from 14s 3d to 14s 5.U1. Nationals of New Zealand were firm at £3 lis. Turnover in other sections was almost negligible. Rates advanced 17s 6d for Colonial Sugars, in which the last business was dono at £39 7s 6d, but, apart from that general investments again experienced an exceedingly quiet period. There was the usual demand for goldmining shares and a new high level was reached by Waihis, which were taken at 17s 6d. an advance of 9d. Subsequent dealing took place at 17s 4d. Other lines showed only minor variations. AUSTRALIAN EXCHANGES. YESTERDAY'S BUSINESS. (Received February 19, 11.5 p.m.) SYDNEY, Feb. 19. The dramatic developments in the Federal Parliament last- evening had no apparent effect on the Sydney Stock Exchange to-day, except to restrict the turnover, which was below the normal for a Friday. Commonwealth ' bonds were firmer all round and 4 per cents, sold as followsl93B issue, £95; 1941, £93 7s 6d ; 1944, £93 6s 8d; 1950. £9l ss; 1947 £92 8s 9d; 1951-55, £9l 12s fid; 1951-53 £9l 7s 6d; 1951-57. £9l 15s; 1951-61.! £92 15s. The market otherwise was fairly steadv. Other sales wereßank of New South Wales, £3O; Mercantile Mutual, 15s 9d; Burns Philp, 39s fid; Henry Jones, 28s 9d; Australian Gas; A shares (ex dividend), 107s; Toohey's Brewery, 17s 9d: Tooth's Brewery. 26s 9d; GoldsbroughMort, 25s 9d; Diinlop Perdriau, 12s 3d; Berlei,-Limited, 18s 6d; ditto, pref., 20s 9d ; Automatic Totalisators, 9s 6d; North Broken Hill, 17s; Sulphide Corporation, 10s lOd; Zinc Corporation, 31s. Melbourne Sales were;—GoldsbroughMort, 25s 4Jd; Australian Glass, 33s 9d; Dunlop Perdriau, 12s 4d; Herald and Weekly Times, 42s 6d; North Broken Hill, 17s; Broken Hill Proprietary, 16k 2d ;.Electrolytic Zinc, 15s 3d; Mount Lvell, 22s 6d. PAYMENT FOR BUTTER-FAT. TE AROHA-THAMES VALLEY. [FKOM OUR own COHBESrONPENT. ] TE ATfOHA, Friday. Tlie usual monthly advance payment by the Te Aroha-Thames Valley Co-operative Dairy Company was made to shareholders to-day at, the rate of 9|d a lb. butter-fat (farm gate), for the January supply. NEW COMPANIES. SOUTHERN REGISTRATIONS. The following companies have been registered in Southern centres:— PRIVATE. Milk Coupon Co-operative, Ltd., Christchurch, to carry on the business of dairy produce exporters, etc. Capital, £IOOO in 1000 shares of £1 each. Subscribers: H. E. Fcnton, 999 shares; R. B. Swann, 1 share. Stabilised Products, Ltd., Wellington, .importers and dealers in fruit, vegetables and other foodstuffs. Capital, £IOOO in 1000 shares of £1 each. Subscribers: J. H. Saunders, 415 shares; N. S. W. Pomare, 415 shares; C. C. Gledhill, 100 shares; D. G. B. Morrison, 70 shares." PUBLIC. Gillespie's Beach Gold Dredging Company, Ltd., Dunedin, to mine for gold or any other valuable metal. Capital, £30,000 in 600,G00 shares of Is each. Subscribers: G. A. McGregor, J. Fowell, A. J. Campbell, G. Williamson, V. Smith, R. 11. Sligo and D. A. Mitchell, 200 shares each. Nutfall Improved Clip Company, Ltd., Christchurch, manufacturers of Nuttall improved clip. Capital, £2OOO in 2000 shares of £1 each. Subscribers: G. L. Donaldson, H. E. Smith, J. F. Bull, lv. C. Richards, G. A. Pepper, J. J. Donovan and 11. E. Evans, 1 share each. Simplex Milling Company, Ltd., Christchurch, flour and oatmeal millers. Capital, £sooo' in 5000 shares of £1 each. Subscribers: I. M. Jones, 200 shares; A. C. Truman, 150 shares; M. R. Macdonald, 200 shares; G. Money, 100 shares; N. B. Money, 200 shares; S. G. Mopey, 150 shares; R. G. Macdonald, 150 shares.