STOCK EXCHANGES.

New Zealand Herald, Volume LXIX, Issue 21224, 2 July 1932, Page 5

STOCK EXCHANGES.

YESTERDAY'S SALES.

RETURN ON INVESTMENTS. Following is a list of yesterday's transactions on New Zealand Stock Exchanges. Tn the 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 interest is due are shown. In calculating the return on shares in companies which pay their dividends outside Jsew Zealand exchange rates, being liable to fluctuation, have not been taken into consideration. Tlie first column gives the figures at which the sales were made:— AUCKLAND EXCHANGE.

REVIEW OF TIIE WEEK.

STRONG SUPPORT FOR LOANS. FIRM CONDITIONS CONTINUE. Firm conditions continued to rule on Iho Auckland Stock Exchange throughout the past wo ok, and with prices showing an upward trend fewer transactions were rocord?d. Investors accorded all classes of State loans strong support, with particular attention to 1930 and 1939 41, per cents, and 1937 54 per cents., both of which registered substantial advances. Holders operated sparingly in banks during the greater part of the week. New Zenlands early showed a slight weakness and followed down to 425. Latterly support improved and business was done at the close at 42s 9d, Considerable Activity developed in Commercials of Australia, which advanced on sale from 13s lid to 14~, 2d. Unions also moved up. registering an advance of 4s in closing business. The insurance section romairied very steady at last week's advances. Dealing was confined to New Zealands and South British, with the principal activity in the latter. Practically all the remaining business was done in general investments and mining shares. Some interest was taken in breweries at better rates, New Zoal.mds being dealt in firmer at 25s 3d and 25s 6d, and Tooth's at a rise of 6d at 26s 3d. British Tobaccos shaded on sale ■it 28s and 27s 6d, but Colonial Sugars continued to gain ground, moving up 22s 6d to change hands at £4l 17s 6d. Interest weakened in Taranaki Oils, which sold down to Is 3d, a fall of 3d, while offers closed at lid, with holders quoting Is 4d.

Dealing in mining was considerably easier. The chief feature of the section was tho relapse in Waihis which, after considerable activity in the previous week, when they advanced to 15s, recorded a single transaction 5d lower at 14s 7d. Some business was also done in Okaritos and Mount Lyells at the steady rates of 9s 6d and 17a 2d respectively.

AUSTRALIAN STOCK EXCHANGES

YESTERDAY'S BUSINESS

(Received July 1, 8.5 p.m.) SYDNEY, July 1

On the Sydney Stock Exchange to-day quotations for gilt-edged stocks quickly responded to the favourable news from overseas —Lausanne, the reduction in the Bank of England rate and tho proposed conversion of British loans. All issues of Commonwealth bonds were well supported and new records were made in some instances, notably in tho 1938 issue. Sales were:—Bank of New South Wales, £2B 2s 6<l: Union Bank, £7 15s; Colonial Sugar, £45 2s 6d; Commercial Bank of Australia, 15s 4c!: United Insurance, £7 15s; Mercantile Mutual, 15s; Dalget.y's, New Zealand delivery, £7; Australian Gas, A shares, 117s; ditto, 13 shares, 11/s 6d; Toohey's Brewery, 18s lid; Tooth s Brewery, 28s 6d; Australian Glass, 39s 3d; British Tobacco, 29s 7jd; Henry Jones, 30s 6d; Gordon and Gotch, 2bs 9d; Goldsbrough-Morl, 21s 9d; Winch-combe-Carson, 18s 9d; Dunlop-Perdriau, 12s 4d; Taranaki Oil, Is Id; Broken Hill Proprietary, 16s 3d; North Broken Hill. 58s 6d; Zinc Corporation, 24s 3d. Commonwealth 4 per cent,, bonds sold as followsl93B. £96 2s 6d; 1941, £95 7s 6dj 1947, £92 1.7s 6d; 1950, £92 16s 3d; 1953, £95; 1957, £92; 1959, £92 ss; 1961, £93.

Melbourne .sales wore:—Commercial Bank of Australia, 15s 4d; Carlton Brewery, 51s ljd; South Broken Hill, 41s 6d,

BRADFORD TOPS. MARKET REMAINS FIRM. LONDON, Juno 30. This Bradford tops market is firm, with ft fair amount of business. To-day's quotations compared with tho previous three weeks arc:— June Juno June Juno IC. 23. 30. Per lb. Per lb. Per lb. Per lb. Seventies . . '23 23 23 23 Sixty-fours . . 20} 20} 20} 20J Sixties . . 20 20 20 20 Fifty-eixea . . 10> 16 15} 15} Fifties .. 10 10 .10 10 Forty aixos 0 9 9 Forties . . 8} 8} Si '55 AMERICAN WHEAT MARKETS. CniCAGO, June 30. Wheat. —July, 47J cents a bushel; September, 50j{ cents; December, 53J cents. Tho New York quotation for cash is 62 cent/k.

Return on bain Price. Investment. Bonds. 1937. 6J £ B. d. X a. d. (Feb.-Autr.) . . 100 10 0 Ditto, 1937, 5i (Sep.-Mar.) 2 100 10 O Stock. 1937, 55 (Feb.-Aug.) 100 s 0 4 N.Z. Breweries debs 1 0 9 lfi 8 Coin. Bank Aub. 0 14 2 t Bank of N.Z. (2) . 2 2 9 6 14 1 t'nion Bnnk .. 7 1 0 * N.Z, Insurance (2) 1 IB 0 5 5 3 Auck. Gas (cor.) . 0 15 0 7 0 0 British Tobacco 1 7 6 Colonial Sugar ■11 17 (i 5 19 5 N.Z. Refrig. (con.) 0 4 3 11 15 3 Mount Lyell . . 0 17 o + WELLINGTON EXCHANGE. Stock. 1937, Gj (Fe.b.-Aug.) .100 10 0 Nat Bank N.Z. 3 2 4} 5 12 1 N.Z. Refrig. (20s pd.) 0 11 0 9 1 10 Mount Lyell . . 0 17 3 + N.Z. Guar. Corpn. . 0 4 4 # CHRISTCHURCH EXCHANGE. Stock. 1933, -It <May-Nov\) . . 94 10 0 Stock. 1937, 51 (Sep.-Mar.) . . 100 10 0 — Coin. Bank Aub (3) 0 14 2 + Ditto (3) .. 0 14 1 + Bank of N.Z. 2 2 8 6 14 5 Union Bank 7 0 0 * Ditto 7 I 0 * Christchurch Gas (5) 1 5 10 6 3 10 Ditto (con.) 0 12 2 (i 11 7 N.Z. Breweries (2) . 1 5 8 6 4 8 Ditto f5) 1 5 0 <5 8 0 Amal. Wireless (con. .) 0 17 9 7 17 9 N.Z. Fanners' Fort 0 14 r, 0 17 11 N.Z. Rtfrig. (con.) . 0 4 3 11 15 3 Ditto 0 4 1 12 4 11 Mount Lyell . . 0 17 0 1 The following salea also took place :— Union Bank, £7 Os Gd; N (■ w Zeals tnd Breweries, 25s 2d, 2 js Id: Corniah Point, Hd: Golden Point, i r,d (2); Golden Sands (Is paid), 1b 7d; King Solomon, 1» -id ( 3) ; Okarito, 9s Gd (2), ' !■)» 5;d (2). DUNED1N EXCHANGE. Stock, 1937, 5i (Sep.-Mnr.) 100 10 0 6 14 Bank of N.Z. 2 2 9 1 The following stile also took place Okarito, 9s 7d. •Interim dividend reduced. ■(Interim dividend parsed.