REVIEW OF THE WEEK.

New Zealand Herald, Volume LXIX, Issue 21130, 12 March 1932, Page 7

REVIEW OF THE WEEK.

SMALL VOLUME OF BUSINESS. GENERALLY LOWER VALUES. The volume of business on the Auckland Stock Exchange during the past week has again been small, although there was a temporary return to more active trading conditions. The week opened with values on a low level and a further decline was recorded in some sections. However, yesterday saw a slight firming in prices apart from mining, iji which the demand weakened. Movement in Government securities was confined to three or four issues at prices which have not varied greatly. Attention was directed mainly to 1937 5$ per cent, stock, in which several sales took place ranging from £97 10s to a final prico of £93. The 1956 5j per cent, stock weakened on sales to £97, against a steady prico in tho previous week of £9B. Trading was fairly active in banks on the basis of late rates. Now Zealands sold regularly through the week unchanged at 42s 6d. After changing hands last week at £25, Now South Wales weakenod to £24 17s 6d, but moved back to the former level yesterday. Australasias sold at £9 4s, later declining 3s to £9 Is. Sales in insurance were confined to one day on which there was increased activity in all sections. Auckland Gas showed slight fluctuations, the former steady sale price of 22s declining to 21s 9d, but later recovering slightly. Colonial Sugars showed a sharp fall and sales have taken place 30s lower at £36. There was an increased turnover in mining on a lower price level. Waihis, which commanded 16s 4d in the previous week, fell by gradual stages to 16s. After showing signs of an upward trend, Mount Lyells depreciated and were sold yesterday over Is lower ai 19s Id. Golden Dawns changed hands frequently on a slightly higher basis. AUSTRALIAN STOCK EXCHANGES. TESTERI)AY'S BUSINESS. (Received March 11, 10.35 p.m.) SYDNEY. March 11. On tlio Sydney Stock Exchange to-dav prices of Commonwealth bonds were we'll maintained, Ranks, steam, insurance and gas shares were unchanged, and breweries were steady. Salos of 4 per cent, bonds werel93B, £94 15s; 1944, £9l 17s 6d; 1950, £9O 10s; 1947, £92 2s 6d: 1951-55, £9O 15s; 1951-57, £9l; 1951-61, £92. Oilier sales were:—Rank of New South Wales, £29; National Bank (£5 paid), Now Zealand delivery, 108s; Commercial Hank of Australia, New Zealand delivery, 15s 6d; Commercial Bank of Sydney, £ls 17s 6d; Colonial Sugar, £4l 15s; Australian Gas, A shares, 101s; R shares, 102s; Australian Class, £1 14s 4^d; British Tobacco, 30s 6d; Tooth's Brewery, 25s Toohey's Brewery, 17s 4id; Goldshrongh-Mort, New Zealand delivery, 24s fid; Winehcomhe Carson, 19s 7£d; Punlop Perdriau, prof., 24s 6^d; Mercantile, Mutual Insurance, 13s 9d ; Broken Hill Proprietary, 15s 7£d; South Broken Hill, 46s 6cl; Zinc Corporation, 29s 9d; Sulph'de Corporation; 10s Bd. Melbourne sales were;— National Rank (£5 paid), 109s; South Rroken Hill, 46s 6(1; Zinc Corporation, 29s 6d. NEW COMPANIES FORMED. S<>UTIIKRN RKGISTRATIONS. The following private companies have been registered in Southern centres: — F. C. Woolcr, Limited, Clirislcliuirli, wholesale warehousemen and agents. Capital; £2OOO in £1 shares. Subscribers: l'\ C. Woolor, 50; M. F. Wooler, 1950. Wallis F bod Products, Limited, Christchurclt, to acquire the business of H. W. Heighten, 0. L. Dickons and S. D. Wallis, pork butchers. Capital: £3OOO in £1 shares. Subscribers: C. L. Dickens, ]OOO shares; S. D. Wallis, 1000 shares; F. W. Heighten, 1000 shares. Tc Toanui Research and Development Company, .Limited, Wellington, gold and mineral miners. Capital: £3OOO in £1 shares. Subscribers: H. H. Adams, 2000 shares: A. It. Perry, 1000 shares. .J. C. F. Russell, Limited, Wellington, grocers, elo. Capital: £2OOO in £1 shares. Subscribers: J. C. F. Russell, 1999 shares; Alice Russell, 1 sharo. CALL AND DIVIDEND LIST. Dividends — Due. liuddarl • Parker, Ltd. final, pref., 3 p. 0.; oid.. 2J p.o. To-day. Toolioy'a Brewery—interim, I! p.e. Mar. 15 North Broken Hill— quarterly, la (id (payable Melb,) .. ~ Mar. Si Am« Iga mated Wireless—interim. 7 p.o. per annum . , . . Mar. 23 Pukeniiro Collieries—interim, 21 p.o. . Mar, 30 British Tobacco—quarterly, 1J p.c. Mar. 31 Beath and Co., Ltd.—interim. pref., 2} p.c.; ord., 4 p.e. .. Mar. 81 Dunlop Perdriau Rubber Co.— interim, pref., 5 p.c Mar. 81 Bank of Australasia—final. 4 p.c. (subject to English income tax) A pi. 1 Howard Smith—quarterly, cum pref., (i p.c. p.a. . . . . Apt. fi Keniptliorne Prosser—final, -1 p.c. Apl. G Electrolytic Zinc.. pref.—halfyear ended Deo. 31, 1930, 4 p.c. . . . ■ . • • • Apl. 14 Broken Hill South—3Bth, Is * share (payable ia Melb.) .« Apl. IS