STOCK EXCHANGES.

New Zealand Herald, Volume LXIX, Issue 21165, 23 April 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 tlio second column is given the 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 intcrost is duo are 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. The first column gives tho figures at which the sales were made:— AUCKLAND EXCHANGE. Eoturn on Sale Price. Investment.

11EVIEW OF THE WEEK. GOVERNMENT LOANS FIRM. - OTHER SECTIONS QUIET. Apart from dealing in Government securities, trading was not extensive on the Auckland Stock Exchange during the past week. A welcome feature lias been the sustained improvement in State loans, in which practically all issues shared. An advance of 20s was registered in 5£ per cent, bonds, the -1936 and 1937 issues 'changing hands at £9B 10s. Similar prices ruled for 1Q37 per cent, stocks, representing un ndvanco since the last business of 30s. Steady levels were maintained for 4} per cent, issues and the market generally closed firm. The banks' group has again experienced a quiet time. On sale Commercials of Australia moved up 2d to 14s Id, but closed easier. New Zealands were also easy at 43s 3d and 435, while New South Wales recovered 12s 6d since the last business a fortnight ago in a deal at £24 12s 6d Insurance issues developed a weaker trend at the close.

General investments and mining _ provided much of the remaining business. Gains were registered by Rritish Tobaccos and Australian Glass. Wilsons Cements again lost ground, although the movement was less marked than last week.

In mining steady business was done in Waihis and Mount Lyells. After sales 2d lower at 16s 7d, Waihis firmed at the latter end of the week, offers being lifted to 16s 9d. Sellers asked 16s lid. Mount Lyells shaded after changing hands firmer at 18s subsequent business taking place at 18s sd. FREEZING CHAMBERS FULL. PROBLEM AT KAITI WORKS. SUSPENSION OF KILLINGS. [BY TELEGRAPH. OWN CORRESPONDENT. ] GISBORNE, Friday. There will be no further killings of sheep and lambs at the Kaiti freezing works for at least 10 days, for the freezing chambers are congested as a result of insufficient ships being provided to lift the largo quantities of frozen meat available. This trouble is not peculiar to Gisbornc. Apparently the great reduction in imports has resulted in fewer ships being engaged in the 'New Zealand trade and those provided are unahlo to cope with the largo and increasing supplies of produco being sent to Britain. Other freezing works have had the same experience as Kaiti and one factory in a southern district was closed for three weeks earlier in the season. Plans are under review by the directors of the Gisbornc Refrigerating Company for extending tho freezing space and oilier additions are to be undertaken at tlio Kaiti works during tho off-season. This proposed extension should obviate future congestion. 'L'fiis season will see the largest output of recent years and tho total should easily exceed 600,000 sheep and lambs by the time tho slaughtermen complete operations, Killings to date total 548.000, as compared with 552,000 for the whole of last season. NEW PRIVATE COMPANIES. A UCK LA N D II KG 1 STRATI ON S. Tho following private companies have liecn registered in Auckland:— L. A. Sowerby, Limited, Newmarket, dealers in cycles, etc. Capital, £950 in £1 shares. Subscribers: Leon A. \V. Sowerby and (leorge Broomfteld, 400 shares each ; Matilda Brunton, 150 shares. W. Walls, Limited, to take over the business of motor engineers, garago proprietors and motor-car agents and salesmen, hitherto carried on by William Walls under tho namo of tho Farmer's Hill Service Station. Capital, £SOO in £1 shares. Subscribers: W. Walls, 450 shares; Sarah 15. Walls, 50 shares. Ascot Flats, Limited, proprietors of flats and apartments, etc. Capital, £SOO in £1 shares. Subscribers; Ivy 11. Hitehings, 400 shares; Ernest A. Hitchings, 100 shares. THE LONDON MARKETS. WHEAT, FLOUR AND PULSE. LONDON, April 21. Wheat.—Cargoes are quieter and mosLly 3d down owing to lower American advices. The reduction of the bank rate bad no influence. Parts of the cargo by tho Bcnarty for the Continent sold at 27s 6d; by the Graco Ilarwar, 27s 9d. Parcels are quiet at a decline of 3d. By the Turakina, 275. Futures-London: June, 25s u quarter; September, 25s sd; December, 265. Liverpool: May, 5s 1 5-8 d a cental; July, 5s 4i,d; October, 5s 7 l-Bd. Spot trade quietly steady. Australian ex ship, 28s 6d to 29s 6d. Flour: Firm. Australian ex store, 20s 6d to 225. Oats, peas and beans : Quiet and unchanged. Sugar, May, 4s. 2Jd^

Bonds, 19;ifi, 51 (Feb.- £ s d £ s d Aus.) (3) . . 98 10 0 _ Stock. 1937, 6{ (Sept.. Mar.) 98 10 0 Mt. Ed on. 19(50, 5£ 93 15 0 South British (2) .. 2 8 0 r> 10 7 Dont. Banking 0 ir, 6 9 0 8 Auckland Gns 1 0 K <; IB 7 Australian Glass i ii r> 3 16 a M oturoa Oil n i 9 Waihi Junction . . 0 3 7 9 6 0 CHR1STCHURCH EXCHANGE. Stock, 1938, 4\ (MayNo v.) 94 50 0 Com. Bank A us. 0 13 10 + Bank of N.Z. 2 3 0 6 13 4 Ditto 2 8 2 6 12 9 Oc5ldsbrouKh-Mort . . 13 0 + N.Z. Breweries 1 3 0 * British Tobacco 1 (5 1 » Ditto 17 0 * The following sales also took place . British lobacco. 2f>s 6d; Golden Dawn. 5s 10}d (5); Golden Point. 4}d (5) 5d (4): Mahakipawa, 3d. WELLINGTON EXCHANGE. Bank of N.Z. (2) . 2 3 3 6 12 7 Ditto 2 3 0 6 13 4 N.Z. Refriu. (ord.) 0 1L 4 8 IS 6 Auckland Gns 1 0 (5 6 16 7 N.Z. Breweries (2) . 13 0 * DUNEDIN EXCHANGE. Bonds, 193G, 6i (Feb.Aug.) 98 15 0 Nat. Insurance (2) . 0 11 r. 6 10 5 N.Z. Paper Mills . . 0 19 0 7 7 4 Union Steam (pref.) 1 0 0 5 10 0 'Interim dividend reduced. ■(Interim dividend passed.