STOCK EXCHANGES.

New Zealand Herald, Volume LXIX, Issue 21136, 19 March 1932, Page 7

STOCK EXCHANGES.

YESTERDAY'S SALES. RETURN ON INVESTMENTS. Following is a list of yesterday's transactions on New Zealand Stock Exchanges. In the second column is given tlie return, based on the last annual dividend, from investment at the quoted price. In the case of Government and other redeemable securities no return is given, in view of the new method of quotation, but the months in which interest is due aro shown. In calculating the returns on shares in companies which pay their dividends outside New Zealand exchange rates, being liable to fluctuation, have not been taken into consideration. Ihe first column gives the figures at which the sales were made:— AUCKLAND EXCHANGE. Return on Salo Price. Investment. „ , i' s <1 £ a d Bonds, 1937, 55 (Feb.- • • . . 97 5 0 Stk ~ 1937, 55 (Sept.Mar.) , , . . 97 0 0 Com. Bank Aus. . . 013 10 + Nut. Bank A'asia. (con.) . . . . 4 ir. 0 Bank N.S.W. . . 24 17 fi Brink N.Z. . . 2 C (5 .r,14 11 . T^ llt, 2 •• .. 22 9 611 1 N .Z. Insurance 1 17 0 5 8 1 xr a ,l" el ¥. ••• -.710 419 3 In./. Breweries ..139 * Colonial Sugar . . 30 0 0 6 IS 11 "\Vaihi .. .. 015 11 12 10 11 Waihi Grand June. 0 3 6 910 G WELLINGTON EXCHANGE. Stk., 1933, 4i (MayNov.) . . . . 92 0 0 _ N.Z. Insurance . . 117 0 ' 5 8 1 The following salo was also made. N.Z. Farmers' Co-op., 1940, 05 per cent , £42. CHRISTCHURCH EXCHANGE. Bonds, 1937, 51 (Sept.Mar.) . . . . 90 17 0 Bank A'asia Coin. Bank Aus. . . 013 10 1 Union Steam (pref.) 10 1 5 9 P N.Z. Breweries ..139 * N.Z. Refrig (10s pd.) 0 310 13 010 N.Z. Guar. Corp. . 0 4 2 10 0 0 The following- sales also took place: Golden Dawn, 7s Od (3); King Solomon. Is: Mahakipawa, 3d: Okarito. 9s Id; N.Z. Farmers' Co-op., 1940, 65, £42 DUNEDIN EXCHANGE. Stk., 1937, S3 {fiept.Mar.) . . . . 97 0 0 Stk., 1951, 5| (Feb.Aug.) . . . . 97 o o Nat. Bank N.Z. . . 3 8 0 L'nion Steam (pref.) . 1 0 0 510 0 "Interim dividend reduced, tlntei'im dividend passed. REVIEW OF TIIE WEEK. A QUIET MARKET. NEW QUOTING SYSTEM. Business on the Auckland Stock Exchange during the week has been quiet and the market for Government loans and local body debentures has reflected the uncertainty due to tho change in the quoting system. There have been onlyslight variations of the levels recorded at the end of last week. Since Monday bonds and debentures have been quoted cum coupon, or with tho accrued interest added, and investors have taken some time to become familiar with tho new conditions. Consequently, both buyers and holders have been hesitant in bidding. There have been only two sales in bonds, the 1937 5i per cent, issue changing hands twice at £97 ss. The 1937 5i per cent, stock was released at £96 15s and later at £97.

Trading in banks has been fairly brisk. Commercials of Australia changed hands freely. Tho unaltered price of 13s lid was commanded during most of the week, but it weakened subsequently to 13s lOd. in the early part of the week New South Wales continued to sell unchanged at £25, but the last two sales have been at £24 17s 6d. Last week the market price for New Zealands was 42s 6d, but this week they weakened to 42s 4d, and then advanced to 42s 6d and 42s 9d, the latter being tho closing price yesterday. In insurance, tho market fluctuations have seen an increase 'of 6d in New Zealands and a decline of 6d in South British. Values in other sections have been maintained. Auckland Gas have sold freely at 21s 9d. and there was again a sale of Colonial Sugars at £36. New Zealand Breweries advanced 8d to sell at 23s 2d and later at 23s 9(1. There was good sale for Waihis unchanged at 16s, but the price yesterday weakened to ,15s lid. Waihi Grand Junctions sold at 5s 6d and other mining stock changed hands at late rates. AUSTRALIAN STOCK EXCHANGES. YESTERDAY'S BUSINESS. (Received March 18,-30,35 p.m.) SYDNEY, March 18. The Sydney Stock Exchange was quiet to-day and there was no movement of note. Owing to the bridge opening tomorrow the Exchange will bo closed. Closing sales were:—Commonwealth 4 per cent, bonds, 1930, £94 15s; 1941, £93; 1944, £92; 1947 and 1950, £9O 15s; 1961, £9O.

Other sales were:—Bank of New South Wales, £2B 10s; Commercial Bank of Sydney, £JS 15s; Commercial Bank of Australia, 15s 9d ; Queensland National Bank, 102s; Colonial Sugar, £4O 14s: "Victoria Nyanza, 17s; Australian Gas, A shares, 102s; B shares, 101s 6d; Tooth's Brewery, 25s 9d; Toohcy's Brewery, 16s 6d: Henry .Tones, 29s 1-J,d; Dunlop Perdriau, lis 2d; Goldsborough Mort, 24s 6d; Winchcornbe Carson, 19s 6d; Electrolytic Zinc, ord., 14s 2d. Melbourne sales were:—Bank of Australasia, £lO 10s; Carlton Brewery, 28s 9d; Herald and Weekly Times, 43s 9d; South Broken Hill, 46s 6d. EMPIRE SUGAR TRADE. P R OTECTION W ANTED. LONDOX. March 17. Mr. T<. iS. Atnery, a former Secretary of the Dominions, introduced a deputation_ representing the Empire Sugar Federation to Mr. Neville Chamberlain, Chancellor of the Exchequer. Ihe deputation asked the Government to assist Empire producers by increasing the duty on foreign sugar by -|d a lb. Ihe Chancellor assured the deputation of his sympathy with Empire traders and promised to consider the request in conjunction with the Budget.' If Mr. Chamberlain imposes an additional J(] a lb. duty on foreign sugar, as it is generally believed in the sugar trade he will do, Queensland growers will benefit considerably because they will be able to demand a higher price from refiners. Even should this additional duty he passed on to the British consumer the latter would lie paying only 2\d a lb., which, according to the 'Jatc?st retail prices, is cheaper than most countries except the United States. MELBOURNE PRODUCE. MELBOURNE, March ]P. Hie following are to-day's quotations on the Melbourne produce market-—• Wheat, 3s to 3s Id. Flour. £7 7 S 6d. Bran, £5 3s. Pollard, £5 ss. Oats. 2s 2d to 2s 3d. Barley, English, 3s 2d to 3s 3d. Maize, os lid to 4s.