STOCK EXCHANGES.

New Zealand Herald, Volume LXIX, Issue 21118, 27 February 1932, Page 7

STOCK EXCHANGES.

YESTERDAY'S SALES

RETURN ON INVESTMENTS. Following is a list of yesterday's transactions on New Zealand St belt Exchanges. In tlie second column is given the return, based on the last annual dividend, from investment at tho 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 1o fluctuation, have not into consideration. Tho first column gives the figures at which the sales wero made:— AUCKLAND EXCHANGE.

.REVIEW OF THE WEEK. EASIER TONE DEVELOPS. GOVERNMENT LOANS WEAKEN. Although the past two days have been fairly busy, turnover on the Auckland Stock Exchange has been of easier dimensions over the week. Weaker tendencies have developed in practically every section of the market and the bulk of the dealing has been the result of pressure on the part of sellers. In Government loans attention has been mainly directed to 1937 5i per cents. Bonds have cased 10s to £9B 15s, while heavy trading has taken place in Inscribed Stock from £99 5s down to £9B ss. Banks on the whole have been dull and little business was recorded until Thursday, when values declined. Similar conditions operated in insurance, .New Zealands being marked down 6d to 375, and South British 9d to 51s. Apart from miscellaneous investments the only other business recorded was in Auckland Gas shares, which after a period of inactivity were turned over at 22s 3d, and subsequently at 22s 2d, a rise of 2d at the lower rate. While firm levels existed for Australian Glass and Electrolytic Zincs preference, Colonial Sugars continued to weaken wider trading, closing at £37 10s, a fall of £1 17s 6d since last week. Mining business also reflected the quieter tone. Offers for Waihis declined 6d to 16s Bd, but supplies were firmly held at 17s 2d. Grand Junctions were steady at 3s 9d. Improved support was forthcoming for Blackwaters, which were dealt in up to 6s lid, while Golden Dawns were easier at 6s 4d. AUSTRALIAN EXCHANGES. YESTERDAY'S BUSINESS. (Receiver] February 26, 10.25 p.m.) SYDNEY, Feb. 2G.

General weakness was evident, again today on I hp. Sydney Stock Exchange. The, amendments to (lie tariff announced yesterday depressed tobacco and brewery lihares. Commonwealth bonds were irregular and lower. Sales were recorded as follows:—Commercial llatik of Australia, 16s l^d; National Bank (£lO paid). .£ll 17s 6d, (€5 paid), £5 10s 6dMillaquin Sugar, 23s 6d; Nestles, pref., 27s id; British Tobacco, 28s Australian Gas, A and B shares, £5 3s; Toohcv's Brewery, 16s 9d; Tooth's Brewery, 24s 9d; Dunlop-Perdriau, lis 8d; Zinc Corporation, 30s 3d; Sulphide Corporation, 10? 9d; Winchcornbe Carson, 18s 7id. Melbourne sales were:—GoldsbroughMort, 24s 6d; Commercial Bank, 16s; Herald and Weekly Times, 41s Zinc Corporation, 29s HUd; Broken Hill Proprietary, 15s 4d. NATIONAL MORTGAGE. DIVIDEND MAINTAINED.

(Receired February 26, 5.5 p.m.) LONDON, Feb. 25. The National Mortgage and ' Agency Company of New Zealand, Ltd., has declared a. final divided of 2J, per cent., tax free. An interim dividend of 5 per cent, was paid in July, making 7£ per cent-, for 1931, tho same rate as that paid in .1930. CANTERBURY PRODUCE. ONION PRICES FIRMER. [BY TELEGRAPH.— PKESS ASSOCIATION.] CHRISTCHURCH, Friday. Tho onion market has firmed sharply since the middle of tho week, duo to the completion of business with Sydney. Shipments have been arranged for about the middle of March. The quantity is not definitely known, but, the sustained high price in Sydney (£l6 a ton) provides a payable margin for export. Freight, exchange, sales tax and duty represent approximately £6 10s a toil, but the removal of tho duty of £1 a ton, announced in to-day's cables, will increase the margin for business. Prices to-dav in Christchurch are up to £7 10s on tracks. Ro ports of crops vary. On tho heavier peat land they are reported to be good, but on lighter land they are quite moderate.

Consequent on the rain and tho likely improvement, to crops, the. potato market has cased slightly. April-June deliveries are quoted at £5 2s 6d a ton, and JulySeptember at £6 2s 6d f.0.b., s.i., but there is little buying at the moment. The rush of milling wheat to the market has . been stayed by a break in tlio weather.

Oats arc worth 3s Id f.0.b., s.i., for A grade Cartons. Chaff is unaltered. Small seeds maintain the mid-week levels.

Tfeturn on Sale Prn-o. Investment. £ s d £ B d Bonds. 1937. 5* 08 15 0 a 15 10 Ins. Stock. 1037, 5J . 0.S 5 0 5 18 6 Com. Brink Auk. 0 11 1 t Nat. Bunk of N.Z. . :: K) o • ■Naf. Bank A'asia (£5) 4 17 0 * Bank N.Z.. D. Pref. 1 <> .3 5 14 3 South British . •2 11 n 5 4 7 Tinders' Finnnce (nr.) 0 15 (> 0 0 9 Australian Glaas 1 o r, 4 1 •i Colonial Sugar 37 10 n <i 13 4 Wuihi Junction 0 3 0 8 17 0 CHRISTCHURCM EXCHANGE. Ins. Stk.. 1037. 51 (2) OS 0 0 5 10 s Ditto. 1039, li 04 n o 5 11 o Corn. Bank An3. 0 1 1 t National Insurance n 12 fi li 0 n South British . 2 11 0 5 4 7 Goldsbroufrh-Mort 1 4) i l <; + N.Z. liofriR. flOs pd.) o 3 n 13 (V 3 X .X. Breweries (2* l 5 n " Ditto . ' 4 0 • '1 ho following sales also took place — New Zealand Breweries. 2 Is 1 Id : G olden Dawn, lis (4); Oknrito, cum div., 0a 8{d WELLINGTON EXCHANGE. Ins. Stk,, 103;. 5} (2) 08 10 I) 5 17 1 Bank of N.S.W. 25 11 r, * (loldsbrouKh-Morl 1 111 t Colonial Sugar (2) 37 17 r. r, 12 0 Ditto . . 37 1 r> 0 c, 12 (1 Mount Lyell . . 0 10 0 1 3 DUNEDIN EXCHANGE. Com. Bank Aus. 0 11 0 t N.Z. Breweries . . 1 4 0 N.Z. Paper Mills (2) 0 10 0 7 17 11 "Interim dividend reduced. tInterim dividend passed.