STOCK EXCHANGES

New Zealand Herald, Volume LXIX, Issue 21251, 3 August 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 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 tho new method of quotation, but the months in which interest is duo are shown. In calculating tho return 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 the figures at which the sales were made:— ' AUCKLAND EXCHANGE Return on Sale Prico Investment £ed £ s d Bonds, 1937, 5-i (Sept.-March) . . 101 0 0 Stock, 1039, 4i (April-Oct.) .. % 0 0 Ditto, 1937, Si (Feb.-Aug.) . . 08 10 0 .Ak. Drain. Bel., 'BG, 5 95 5 0 Bank Australasia, . . 910 0 414 8 Com. Bank A us. . . 013 10-i 312 1 Bank of N.Z. .. 2 7 (i G 0 8 Ditto . . . . 2 7 9 6 0 1 Nnt. Insurance . . 012 7 5 1!) 1 N.Z. Breweries . . 1 4 9 6 9 4 Waihi (2) . . . . 015 9 12 13 11 Mount Lyell 0 17 6 t Tho following sales also took place:— Bank of New Zealand, 47s S'i (2); Blackwater, 12s (id, 13s: Golden Dawn. 4a 7d: Kins; Solomon, Is Bd. WELLINGTON EXCHANGE Stock. 1933, 51 (Feb.-Aug.) . . 98 15 0 Ditto, 5i (Jan.-July) 99 15 0 Ditto, 1937, 5J (Sept.-March) . . 101 G '3 Bends, 1937, (Feb.-Auk.) .. 101 5 0 Bank of N.Z. . . 2 7 G 6 0 8 Union Bank . . (i 19 0 2 17 6 Gear Meat ... .. 112 1 6 4 8 N.Z. Guar. Corp. ..0 4 9 * Union Stenni (pref.) . 1 0 0 510 0 Electrolytic Zinc ..113 t Ditto . . ..114 t CHRISTCHURCH EXCHANGE Com. Bank Auet. . . 013 10 312 3 Union Bank . . 6 19 0 2 17 fi (loldsbroiigh-Mort (3) 1 2 0 2 5 5 Gear Meat . . . . 1 12 0 6 5 0 Australian Glass . . 116 0 4 3 4 Mount Lyell 0 ]7 7 t Ditto . . . . 017 8 t Tho following Bales also took place:— Golden Dawn, 4s Old (3); King Solomon, Is 7ld; Big River (Is paid), lid; Blaokwater, 13s 8d (2), 13s Gd, 13s; Okarito, 9s. & DUNEDIN EXCHANGE i Stock, 1939, 41 (April-Oct.) ..#lO 0 Bank of N.Z. . . 2 7 10} 519 9 Union Steam (prcf.) . 1 0 0 510 0 The following sale also took place:— Okarito. 9s 4>d. 'lnterim dividend reduced. •(Interim dividend passed. MILFOIM) AMUSEMENTS FINAL SETTLEMENT MADE NO RETURN OF CAPITAL The final meeting of Milford Amusements, Limited, in liquidation, originally proprietors of tho Pirato Ship, Milford, was held yesterday. The accounts showed that the proceeds of realisation, totalling £12,652, provided sufficient funds to tho mortgage of £5400 and to pay creditors totalling £7163 in full. ' There was no return of capital to shareholders. Tho original paid capital of the cotnpaii} 7 was £6330 in £1 shares. Mr. R. A. Spinley was tho liquidator. IMPROVED FERTILISER PROFITS WALLAROO-MOUNT LYELL CO. Wallaroo-Mount Lyell Fertilisers, Limited, an Adelaide concern, shows a profit of £16,129 for tho year ended June 30, compared with £13,817 for the previous year. With £66,131 brought forward there is £82,261 available, of which £60,000 is placed to general reserve, and £2OOO to incoino tax reserve, leaving £20,261, from which a dividend of 4 per cent out of the year's profits (an unchanged rate) requires £13,476. *Thero remains £6785. Tho balance of £25,000 in tho appropriation account has been applied, together with tho £60,000 already referred to, to create a general reserve of £85,000. The directors stato that the present reason opened magnificently, and express tho liopo that the record wheat yield of last year will at least- be equalled. Any improvement in tho prico of wheat should lead to an increased demand for the company's product. FRUIT MARKET IMPROVING BRAN AND POLLARD SOUGHT The Department of Agriculture has received tho following cablegram, dated July 30, from the High Commissioner for New Zealand, London:— Tallow.—The market is quiet but steady at about last quotations. Hemp.—The Manila market is quiet and easier; K grade for August-October shipment sold at £l7. The sisal market is quiet and barely steady, with closing values for August-October shipment No. 1 fair average quality £ls to £ls ss. The New Zealand market is quiet but steady. Values are unchanged, with no first-hand sales reported. Eggs.—Tho market is quiet and prices unchanged. Fruit.—The Cumberland and Port Huon and Rangitata apple consignments are cleared; the remainder is moving satisfactorily, with an improved tone in the market. There were 140,000 cases of Australian apples in tho market this week, including 16,000 cases salved from the Ferndale, which were sold at Liverpool. American Gravenstein are now in the market. Current prices for New Zealand apples are:—Granny Smith, 14s to 20s; Dougherty and Rokewood, lis to 13s; Yates and Tasma, lis to 12s; Sturmer and Statesman, 10s to 12s; Pioneer, Brighton and McLiver, 10s to lis; Delicious and Jonathan, 9s to lis; Cleopatra and Salome, 7s to 10s; Statesman, Jonathan and Salome are in variable condition, also Sturmers ex the Pakeha. Peas.—The market for maples is quiet and inactive, with sellers of Tasmanian at 66s 6d to 67s 6d. New Zealand: For July-August and August-September shipment could be sold at from 65s 6d to 665. The market for blues is steady, with tho value of Tasmanian at £l7 15s to £lB, and New Zealand at £1.6. Inquiry is reported for Now Zealand bran and pollard at a valuo of about S7s 6d a ton c.i.f. Little interest is likely to bo displayed by exporters in the inquiries for New Zealand pollard mentioned in tho High Commissioner's cable. At present the output is scarcely keeping pace with tho local demand, which is now being met entirely by the New Zonland mills, owing to the high prices in Australia precluding importation from that source. Bran from tho South Island is worth £3 a ton f.o.b. and £4 10s a ton from the local mills. Therefore, even with the exchange premium available on exports to London, tho present prices offering are not very attractive.