STOCK EXCHANGES

New Zealand Herald, Volume LXIX, Issue 21248, 30 July 1932, Page 5

STOCK EXCHANGES

YESTERDAY'S SALES RETURN ON INVESTMENTS Following is a list of yesterday's transactions on New Zealand Slock Exchanges. In tho second column is given the return, based on the last annual dividend, from | investment at tho quoted price. In tho ! ease of Government and other redeemable I securities no return is given, in view of j tlio new method of quotation, but the months in which interest is due arc shown. In calculating tho return on shares in companies which pay their dividends outsido New Zealand exchange rates, being liable to fluctuation* have not been taken into consideration. Tho first column gives the figures at which the sales were made:— AUCKLAND EXCHANGE Tteturn on Side Price Investment £ s d A' s d Bonds, 1937, 5£ (Feb.Aug.) . . . 101. 5 0 Com. Bnnk Ana. .. 0 13 10 312 3 Bank of N.Z. . . 2 7 0 f. 2 0 Nat. Insurance . . 012 G 6 11 N.Z. Insurance .. 2 0 6 4 18 9 Auckland Gas ..110 4 Ditto (con.) . . 015 0 . * Northern Steam (con.) 0 2 1 1G 1C 0 WELLINGTON EXCHANGE Bonds, 1039, 4} (AprilOct.) . . . . 90 0 0 Ditto, 1938, 45 (MayNov.) . . .. 96 0 0 Stock, 1937, 5} (Scpt.March) . . . . 101 5 0 Ditto, 1933, 51 (Jnn.July) . . . . 99 12 6 Bank of N.Z. (2) . 2 7 0 6 2 0 Bnnk of N.S.W. . . 2i> 12 6 Ditto . . . . 26 15 0 Auckland Gas (con.) 015 0 Union Steam (pref.) . 1 0 0 510 0 CHRISTCHURCH EXCHANGE Stock. 1930, 5} (Fcb.Aug.) . . . . 101 5 0 Bank of N.Z. . . 2 7 0 6 2 0 Bank of N.S.W. (2) 20 15 0 Ditto . . . ■ 26 12 6 Union Bank . . 617 6 218 2 Ditto . . - . Gl7 0 218 5 Goldsbrough-Mort . . 1 1 9 2 6 0 Union Steam (pref.) 1 0 0 510 0 N.Z. Befris. (10s pd.) 0 4 5 11 6 5 Tarnnaki Oil ..010 Wailii . . • . 015 8 12 15 4 Tho following sales also took place:— N.Z. Farmers' Co-op., 1910, 45, £46; N.Z. Farmers' Co-op., 1945, 4L ,£4O; WestportStockton (ord.). sd; Westport-Stockton (pref.), fid; Golden Dawn, 4s 3d, 4s 4d: Golden Sands (Is paid). Is B}d. DUNEDIN EXCHANGE N.Z. Refrig. (.€1 pd.) 012 0 8 6 8 Tho following ealo also took place;— King Solomon, Is lid. •■lnterim dividend reduced. REVIEW OF THE WEEK FAIRLY ACTIVE MARKET MORE GENERAL DEALING Tho investment market ori the Auckland Stock Exchange was again fairly active throughout tho greater part of this week. Strong levels were maintained in rdl sections, and although a quieter tone developed toward tho clore, buying support remained firm. Supplies of Government loans were difficult to obtain at buyers ideas and dealing.in this class of investment was extremely light in comparison with the activity recently displayed. Only two transactions were recorded during the period, February, 1937, 5i per cent bonds and September stock changing hands at £lOl ss. Banks and insurance, particularly the latter, retained the strong interest which has been tho notable feature of the last few weeks. Although thero were no spectacular rises, trading was usually marked by a steady appreciation in values. Bank of New Zealands moved up from 46s 3d to 475, and New South Wales wero done a shade firmer at £26 lis 6d. Commercials of Australia, on tho other hand, gave way after touching 14s early in tho week to close on sale at 13s 10d. Now Zealands wore again tho active issue in insurance and levels advanced to 40s 6d, a rise of 6d. South British wero done at 54s 6d, a similar appreciation, but supplies were restricted. Auckland Gas and New Zealand Breweries also registered firmer levels and dealing look place in British Tobaccos from 28s to 28s 2d. A rise of 2s 6d look place in Colonial Sugars to tho final level of £4l 17a 6d. Farmers' Fertilisers hardened to 13s. For Wilsons Cements the market was easier, salo Is lower at 30s being followed by further weakness at tho close. A firnipr trend developed in mining toward the end of the week. AUSTRALIAN STOCK EXCHANGES YESTERDAY'S BUSINESS (Received July 29, 8.15 p.m.) SYDNEY, July 29 On the Sydney Stock Exchange to-day thero was increased activity. Bonds maintained their position, but bank scrip was easier. This morning's sales were:—Commonwealth 4 per cent Bonds, 1938, £9B; 1941, £97 17s 6d; 1944, £SB; 1950, £9B; 1953, £96 12s 6d. Bank of New South Wales, £29 ss; British Tobacco, pref., 255. Sales this afternoon were: Bank of New South Wales, £29; Commercial Bank of Sydney, £ls J7s 6d ; Colonial Sugar, £46 18s; United Insurance, £8 15s; Adelaide Steam, 19s 3d; Burns-Philp, 44s 6d; Miliaquin Sugar, 26s 6d; Victoria Nyanza, 17s • Australian Gas, B shares, £6 9s 6d; Toohey's Brewery, 19s 9d; Tooth's Brewery, 29s 3d; British Tobacco, 31s 9d; ditto, pref., 255;-Dunlop Pcrdriau, 12s 8d; Broken Hill Proprietary, 17s; South Broken Hill '43s 6d; Taranaki Oil, Is 2d. Commonwealth 4 per cent Bonds, 1938, £9B 3s 9d; 1941, £9O 2s 6d; 1944, £9B 2s 6d; 1947, £9B 2s 6d; 1950. £9B ss; 1953, £97; 1955, £96 12s 6rl; 1957. £96 10s; 1959, £56 15s; 1961, £96 17s 6d. Melbourne sales were: Commercial Bank of Australia, 15s 6d; Goldslirough-Mort, 24s 9d; Australian Glass, 40s; Dunlop Pcrdriau. 12s 9d; Herald and Weekly Times, 50s 9d ; Zinc Corporation, 24s Mount Lyell, 19s. DAMAGE BY LOCUSTS VICTORIA NYANZA SUGAR [by ti'i.egral'H—rnr,ss association] WELLINGTON, Friday A cable from the Victoria Nyanza Sugar Company's plantation, Kenya Colony, states that a recent visit from locusts resulted in extensive defoliation over approximately 1800 acres of next season's cane. Tho weather favoured a recovery. WILLOW FOR CHEESE CRATES Cheese crates made of willow timber are used to a large extent by dairy companies in South Canterbury, and with a view to reducing importations a start has been made in Tiinaru with the production of cheese crates from willow, transported into town from tho Raincliff estate. Commenced in a small way, the industry is new as far as Timjiru is concerned, and" the orders so far received are reported to be very encouraging. Up to tho present 60.000 ft. of crating lias been asked for, and it is anticipated that beforo the season closes the, demand in South Canterbury will bo increased to from 80,000 ft. to 100,000 ft.