STOCK EXCHANGES

New Zealand Herald, Volume LXIX, Issue 21273, 29 August 1932, Page 5

STOCK EXCHANGES

SATURDAY'S SALES ——— . <*• ■ RETURN ON INVESTMENTS Following is a list of Saturday's transactions on New Zealand Slock Exchanges. In the second column is given the return, based on the last annual dividend, from investment at Ihe 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 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 Price Investment £ed £ s d Stk., '3B, 45 (Mny-Nov.) 95 10 0 Bank of N.Z. . . 2 G 3 6 311 Ditto (2) . . ..2 6 6 6 3 3 N.Z. Guar. Corp. (ord.) 0 6 0 Robinson Ice . . 0 17 6 9 2 10 The following sales also took place:— Golden Point, SJd; Maliakipawa, 4Jd. WELLINGTON EXCHANGE. N.Z. Breweries (2) 1 6 10 5 19 3 Ditto .... 1 7 0 518 6 Elec. Zinc (pref.) .14 2 + N.Z. Guar. Corp. (ord.) 0 510 * The following sale also took place:— Rosella Preserving, £1 12s Gd. DUNEDIN EXCHANGE. Tho following Bale took place:—Okarito, 8s 6d. 'lnterim dividend reduced. BUTTER MARKET EASIER FEW NEW SEASON'S SALES BUYERS HOLDING OFF Owing to the easier trend in the butter market very little business was done in new season's make in Auckland last week. At present buyers are inclined to hold off. Further reports from London continue to reflect an easier movement in prices. Merchants have received tho following cablegrams from their London houses, dated August 26: Mr. H. S. Withers, from Mr. A. C. Rowson: —Butter, 107s to 108s. The demand is very slow and the market is weak. Cheese: White, 625; coloured, 575. Tho demand is steady. The market tendency is easier. New Zealand Producers' Co-operative Marketing Association, Limited:—Butter: New Zealand, 107s to 109s; unsalted, 106s to 110s; Danish, 110s to 114s. «Cheese: White, 625; coloured, 58s to 60s. Both markets are steady. A. It. Turnbull and Company, Limited, from W. Wed del and Company, Limited: —Butter: Danish, 112s to 114s; New Zealand, finest salted, 107s to 110s; Australian, 98s to 102s. Tho market j s quiet. Cheese: New Zealand, white, 62s tp 635; coloured, 57s to 58s. .The market is -steady. REPORT OF THE BOARD COMPARISON OF QUOTATIONS The New Zealand Dairy Produce Board has received tho following market report from its London office, dated August 26, the figures for last week being given in parentheses:—Butter: New Zealand, salted, 107s to 110s (108s to 110s); unsalted, 106s to 110s (105s to 110s); 107s to 110s pquals approximately f.o.b.; first whey, 98s; second whey, 965. Deliveries, New Zealand, 1275 tons; in store, 2850 tons. Australian, salted, 98s to 102s (100s to 103s); unsalted, 104s to 108s (103s to 108s); deliveries, Australian, 1600 tons; in store, 1775 tons. Argentine, unsalted, 86s to 92s (86s to 88s). Danish, 98s f.0.b., 112s to 114s spot (925, 110s to 112s). Dutch, unsalted, 104s to 114s. Esthonian, salted and unsalted, 88s to 90s (86s to 90s); Latvian, salted and unsalted, 88s to 90s (88s to 90s). Siberian, salted and unsalted, 85s (85s to 87s). Lithuanian,salted, and unsalted, 86s to 88s (86s to 88s). Tho market is quiet. New Zealand retail price is Is Id, Danish Is 2d. Empire Marketing Board's estimate of stocks of all butters in store on August 20 is 859,936 boxes (last year, 981,538). Cheese. —New Zealand, white, 62s to 63s (61s 6d to 625); coloured, 57s to 58s (56s to 58s) ; deliveries, New Zealand, 16,655 crates; in store, 50,239 crates. Australian, white, 61s (60s); coloured, 55s (565). South African, white, 61s; coloured, 50s to 545. Canadian, white and coloured, 61s to 63s (60s to 625); c.i.f., 635. Deliveries, Canadian, 12,500 boxes; in store, Canadian, 149,515 boxes. English, finest farmers', 96s to 100s (96s to 100s). The market is steady. New Zealand retail price is Bd. The board has also received the following advice from its agents in Canada:— Butter: New York,, 19£ cents; Montreal, 20J cents. ■ SYDNEY STOCK EXCHANGE SATURDAY'S BUSINESS SYDNEY, Aug. 27 Sales on the Sydney Stock Exchange this morning were: —Commonwealth 4 per cent bonds, 1938, £99 15s; 1941, £99 15s; 1944, £99 15s; 1950, £9B 12s 6d; 1953, £9B 10s ; 1961. £99 15s; £lO bonds. 1938, £9 18s; 1950, £9 16s; 1961, £9 18s 6d ; New Zealand Debentures, 5£ per cent, 1937 (September interest), £ll2 10s; Commercial Bank of Sydney, £l6 17s 6d; Morris-Hedstrom (New Zealand delivery), 17s; Toohey's Brewery, 20s lOJd; Tooth's Brewery, 325; Goldsbrough-Mort. 28s; Winchcombe-Carson, 255. NEW COMPANIES AUCKLAND REGISTRATIONS The following private companies have been registered in Auckland: — Fowler's Automatic Advertising, Limited, printers, advertising and printing agents, etc. Capital, £ISOO in £1 shares. Subscribers: T. C. Fowler, 500 shares; J. G. Palairet, R. Glover-Clark, C. A. Campbell, C. J. Lovegrove, H. D. Buddie and M. E. Coates, 100 shares each; L. P. Hardie, T. Davies, M. V. Wilson, G. F. Peek, M. A. Lindell and A. Spencer 50 shares each; A. C. Baird, E. A. Craig, W. E. Hedditch and G. B. Scotland. 25 shares each. The principal object of the company is to purchase the rights in an improved toilet advertising device. Hanbury Lapthorne, Limited, manufacturers, importers, exporters and dealers in fertilisers and chemical goods and compounds of all kinds, etc. Capital, £SOO in £1 shares. Subscribers: M. S. Walker, 200 shares; 11. H. Edwards, R. O. Moir and C. R. Barnard, 100 shares each. P. AND O. DEFERRED STOCK LONDON, Aug. 26 P. and O. deferred stock is quoted at 20s o|d, compared with 20s yesterday. QUOTATIONS FOR GOLD (Received August 28, 5.5 p.m.) LONDON, Aug. 27 Gold is quoted to-day at £5 18s lid an oz., compared with £5" 19s yesterday and £s'l9s Id on Thursday.