STOCK EXCHANGES.

New Zealand Herald, Volume LXIX, Issue 21153, 9 April 1932, Page 7

STOCK EXCHANGES.

YESTERDAY'S SALES. < RETURN ON INVESTMENTS. Following is a list of yesterday's transactions on Now Zealand Stock Exchanges. In the second column is given the return, based on tho 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 tho new method of quotation, but the months in which interest is duo 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 tho sales wero made:— AUCKLAND EXCHANGE. Return on Sale Price. Investment. Ins. St.k., 1938, 41 s d £s d (May-Nov.) . . 93 5 0 Ditto, ]936, 55 (Feb.-Aug.) . . 96 5 0 _ Auck. Har. Bd„ '4l, G 100 0 0 Union Bunk . . 615 0 * Colonial Sugar . . 3(5 0 0 618 11 Wilsons Cement .. 16 0 912 4 Auckland Gas* . . 110 Gl3 4 CHRISTCHURCH EXCHANGE. Bonds, 1938, 41 (May-Nov.) . . 91 0 0 Ina. Stk., 1938, 4i (May-NovJ . . 93 5 0 . Ditto . . . . 93 10 0 Com. Bank Aus. . . 013 10 + Goldsbrough-Mort (2) 116 + Staples Brewery .. 13 0 4 611 •• -.1 3 2 464 N.Z. Refrig. (£1 paid) ' <3> 0 11 4 8 16 6 Ditto 0 11 6 8 13 11 Ditto, 10s paid (2) 0 4 4 11 10 9 British Tobacco ..156 14 D.I.C. (pref.) . . 10 1 519 6 The following sales also took place:—New Zealand Refrigerating, £1 paid, lis 3d; Golden Dawn, 6s Id, 6s (4), 5s Hid (2), 5s lid; Golden Point, sid (2), 5d (2). WELLINGTON EXCHANGE. Ins. Stock, 1036, 5J (Feb.-Aug.) . . 97 0 0 Ditto, 1937, 51 ( Sept.-M a roll) (3) . 96 15 0 Ditto, 1933, 5i (Feb.-Aue.) .. 96 0 0 Bonds, 193ti, 'IJ (May-Nov.) . . 93 0 0 Ditto (6) .. 93 S 0 Clear Meat . . . . 1 7 0 7 8 2 Tooth's Brewery . . 1 2 9 7 0 8 British Tobacco . . 1 5 7i 41 The following sale also took place;— Okarito, 9s 9d. DUNEDIN EXCHANGE. Bonds, 1937, 5J (Sept.-Marchj . . 97 12 6 Stock, 1937, 51 (Sept.-March) . . 97 5 0 Bank of N.Z. (2) 2 3 4 612 4 Corn. Bank Aus. . . 013 9 + Union Bank . . 0 12 0 * D.I.C. (pref.) .. 10 0 ,0 0 0 N.Z. Refrig. (con.) 0 4 4 11 10 9 The following sales also toqk place:—Kins Solomon, Is sd; Paddy's Point, 3s 9d. "Interim dividend reduced, tlnterim dividend passed.

EE VIEW OF THE WEEK. ACTIVE TRADING CONTINUES. QUIETER TONE AT CLOSE. There was an increase in the aggregate business transacted nil the Auckland Stock Exchange during the past week and fluctuations in prices, following the announcement of the Goverment's Budget proposals, left a slightly easier tone, especially in per cent. Government loans. Dealing in fcheso securities has been restricted since Easter. On the other hand per cent lionds and stock closed with a firmer tendency. The bank section remained quiet, with limited business. New Zealands were done, at 43s 6d, an casing of 3d. Commercials of Australia made 13s lid early in the week and closed easier. South Wales were released 17s 6d cheaper at £24 and Unions held steady at £6 15s. The only dealing in insurance was in South British, which fell to 48s 4£d and 48s 9d. After business at 21s 6d Auckland Gas shaded to 21s. Interest in breweries was centred in New Zealands and Staples. There was a transaction in the former 3d cheaper at 235. There was more inclination on the part of holders to release miscellaneous investments and this section provided, a large proportion of the turnover. Levels were almost generally slightly lower than those ruling prior to Easter, but on the whole values were steady at the lower rates. Colonial Sugars moved favourably with an advance of 2s 6d to £36. Wilsons Cements fell' 3d during the period, to sell at 265. The feature of the mining section was an appreciation in Waihis, in which dealing was recorded up to 16s 6d, a rise of 6d. since the Easter holiday. Grand Junctions were also firmer and after business at 3s 7d, holders were asking 4s at the close.

THE LONDON MARKETS. PRICES FOR METALS. TIN AND COPPER DECLINE. (Received April 8, 10.5 p.m.) LONDON, April 7. (Quotations on April 6 in parentheses.) Copper.—Spot, £29 10s 7£rl (£3O 3s 9d); three months, £29 10s (£3O Is 3d). 'Electrolytic Copper.—Spot, £34 (£34 ss); three months. £34 10s (£34 15s). Wire Bars, £34 10s (£34 15s). Lead.—Spot, £lO 17s 6d (£lO 16s 3d); three months, £ll 3s 9d (£ll 10s). Speller.—Spot. £lO lis 3d (£lO lis 3d); three months, £l.l (£lO IRs 9d). Tin.—Spot. £lO7 (£IOB lis 3d); tlirco months, £lO9 10s (£llO 14s 41,(1). *Americ;m 5.875 ccnls a lb., compared with 6 cents on April 5.

BRADFORD TO PS. Tlio Bradford (ops market is quiet. Following are to-day's prices, compared with those of March 31:— April 7. Mar. HI. per lb. per lb. d. ,1. Revenues .. . . 21J 21) Sixty-fours .. 22 22 l Kixt ios .. on J 20 J Fifly-sixiw .. . . 17 17 Fifties .. , , 12 12 Forty, sixes 9J Forties .... !) 0 AUSTRALIAN STOCK EXCHANGES. YESTERDAY'S BUSINESS. (Received April 8, 10.25 p.m.) SYDNEY, April 8. On tho S3'diiey Stock Exchange to-day conditions were fairly normal, though barrier stocks slumped. Sales of 4 per cent. Common wealth bonds were:—l93B, £95 7 S 6d; 1941, £93 10s; 1944, £93: J 947, £9l; 1950, £9l 3s 9d; 1953, £9l; 1955, £9l; 1957, £9l 10s; 1959, £9l 15s; 1961, £9O 15s. Other sales were Union Bank, £7 12s 6d; Bank of New South Wales, £2B; Colonial Sugar, £4O; Australian Gas, A snares, £5 10s 6d; Tooth's Brewery, 25s 9d; Tool ley's Brewery, 16s 6d; Toohey's securities, pref.. 19s 9d; Henry Jones, 29s 3d; Burns Philp, 39s 6d ; British Tobacco, 295; Broken Hill Proprietary, 15s 6d; North Broken Hill, 60s 9d; South Broken Hill, 40s 9d. Melbourne sales were:—Rritish Tobacco. 28s 9d ; Duplop Perdriau, 10s 9d; Electrolytic Zinc, pref., 22s 6d; National Bank, £lO paid; £lO 18s; North Broken Hill. 61s 3d; South Broken Hill, 41s 3d; Mt. Lyell, 20s 6d.