STOCK EXCHANGES

New Zealand Herald, Volume LXIX, Issue 21278, 3 September 1932, Page 5

STOCK EXCHANGES

YESTERDAY'S SALES RETURN ON INVESTMENTS following is a list of yesterday's transactions on Now 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 tlie new method of quotation, but the months in which interest is duo 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.

lhe first column gives the figures at which the sales were made:— AUCKLAND EXCHANGE Return on Sale Price Investment Stock. 1938. li * 3 d * 8 d (May-Nov.) . . 95 5 0 Coin. Bank A us. .. 011 4 3 9 9 Nat. Bank of N.Z. . . 318 0 4 <) 2 Bank of N.B.W. (2) 27 5 0 * Bank of N.Z. . 2 7 9 0 0 1 , Ditto . . •> 7 101 5 19 10 Union Bank (Melb. reg.) . . 7 6 0 2 14 9 Nat. Insurance . . 014 0 5 7 2 South British . . 217 0 412 9 Colonial Sugar . . 45 2 0 5 10 4 The following sale also took place;— Golden Point, B*d. CHRISTCHURCH EXCHANGE Stock. 1933, 51 (Jan.-July) . 99 15 0 Com. Bank Atis. . . 014 5 3 9 4 Ditto (2) . .. 0 14 B 3 8 2 Ditto (pref.) . . 7 3 0 511 11 E.. S. and A. Bank 4 10 0 * Ditto . . ..4110 Bank of N.Z. . . 2 3" 0 5 19 5 Ditto . . ..2 7 9 G 0 1 Nat. Insurance . . 0 M 1 5 6 7 Goldsbrough-Mort. . . 15 9 118 10 Ditto . . . . 15 6 118 9 N.Z. Refrigerating (con.) (3) . . . 0 4 3 11 15 3 Ditto .. ..0 4 4 11 10 9 Westport-Stockton (pf.) 0 10 N.Z. Breweries . . 1-7 3 517 4 Tooth's Brewery ~ 1 8 9 511 4 Staples' Brewery .15 3 * Beath and Co. ..110 British Tobacco 1 10 0 Howard Smith . . 010 0 Colonial Sugar (2) . 45 (1 0 5 11 1 Electro. Zine (pf.) (3) 1 5 3 6 6 9 Waihi Junction 0 2 9 12 2 5 Ditto . . • • 0 210 11 15 4 The following sales also took place:— Commercial Bank of Australia, 14s 7d (2); Waihi Grand Junction, 2s 9!d; Golden Dawn. 5s 2d (3); Golden Point. 9d; Okarito, 8a 4id. 8s sd. WELLINGTON EXCHANGE Stock. 1937. 5* (Feb. -Aug.) (2) . . 99 5 0 Wgtn. Har. Bd.. 1910, 5i (ex int.) . . . . 99 0 0 Bank of N.Z. (3) .. '2 7 9 6 0 1 Ditto (2) . . .. 2 8 0 519 o Union Bank . . . . 7 6 0 214 9 Ditto (Melb. reg.) . 7 6 0 214 7 Nnt. Insurance . . 014 0 .5 7 - N.Z. Guar. Cor (ord.) 0 5 101 Wellington Gas . . 1 Ijj '' ° : , N.Z. Breweries . . 1\ 3 517 4 Electro. Zinc (pref.) 1 5 li 0 7 5 The following sale also took place:—Bank of New Zealand, 47s lOd. DUNEDIN EXCHANGE Com. Bank Aus. .. 014 3 310 2 Ditto (3) . . . . 014 4 39 9 N.Z. Drug . . • • 217 0 a 4 4 Wright-Stephenson (pf.) 0 12 9 8 12 6 N.Z. Paper Mills . . 1 1 0 013 4 Milburn Lime . . 1 6 0 713 10 Tho following sales also took place:—Okarito, 8s 4'd; Golden Point, Bjd. ♦lnterim dividend reduced. REVIEW OE THE WEEK

HEALTHY TONE MAINTAINED MARKED GAINS IN BANKS A healthy tone has been maintained in the investment market on the Auckland Stock Exchange this week. A heavy volume of business was recorded, and substantial gains were registered in banks, which were again the most, popular, but all classes of investment shared in the general upward" movement. Dealing in Government loans was active on two days in the middle of the week, the 5Jj per rent loans finding most support at firm rates, but apart from this the section was quiet, principally owing to the inactiysty of holders.

All-round gains wore recorded in banks. Commercials at 14s 4d were 3d higher. Nationals of New Zealand rose 4s to £3 18s 6d, New Zealands to 47s 10£ d, and Unions 4s to £7 6s 011 tho Melbourne? register. New Zealands were again turned over freely, and there were several tiatisactions in each of the others menfioned. Cum div. business in New South Wales took [dace at £26 17s 6d, and after being listed ex div., tho shares rose 011 sale from £26 15s to £27 ss. Strong vntes were also maintained in insurance, with an advanco of 3d in Nationals to 14s. New Zealands and South British were fairly steady at lato rates. Much more interest was displayed in pastoral shares, also in shippings and timbers, with some slight improvement in several issues. New Zealand Breweries recovered to 27s Id, After their setback last week, Colonial Sugars closed very firm, levels improving in steady dealing from £44 7s 6d to £45 2s 6d. Wilsons Cements also maintained last week's firmer price of 31s, and a number of other miscellaneous issues reflected improved support. The principal movement in mining shares was in Mount Lyells, which advanced on sale from 10s 9d to 21s. Waihis sold up to 16s 4d, but dealing in other issues was rather quieter. AUSTRALIAN STOCK EXCHANGES VESTER DAY'S BUSINESS (Received September 2, 9.5 p.m.) SYDNEY, Sept. 2 Investment business on the Sydney Stock Exchange to-day compared with yesterday was slacker, but the turnover retained ils diversified range and the market continued its upward swing. This morning's sales wore:—Commonwealth 4 per cent bonds: 1938, £99 18s 9d; 1941. £99 16s 3d; 1944. £99 13s 9d; 1959, £93 12s 6d; 1961, £99 7s 6d. Commercial Bank of Sydney, £l6 10s; Bank of New South Wales. £29 15s: Australian Gas, A shares, £6 13s; -Tooth's Brewery, 32s 3d; Australian Glass, 44s 3d; British Tobacco, 345; Goldsbrough Mort., 28s 6d. Sales this afternoon were:—Bank of New 'South Wales, £29 17s 6d; Commercial Bank of Sydney, Melbourne register, £l6 15s; National Bank (£5 paid), £6 2s 6d; English, Scottish and Australian Bank, £5; Colonial Sugar, £SO 10s: Fairy mead Sugar, 23s 6d; Millaquin Sugar. 265; Burns, Philp, 46s 3d; Victoria Nyanzn, 17s; Honry Jones, 34s 3d; Australian Glass, 44s 3d; Electrolytic Zinc, 17s; ditto, pref., 28s 7£d; Dunlop Pcrdriau, 16s; Carlton Brewery, 365: Tooth's Brewery, 32s 3d; Toohey's Brewery, 21s 4^(i; British Tobacco, 345: ditto, prof., 25s 7^l; Goldsbrough Mort, 28s 3d; Winchcombe Canon, 24s 9d: Broken Hill Proprietary, 20s 6d; North Broken Hill, 71s 6d; Souths, 49s 6d; Mount Lyell, 23s 6d; Sulphide Corporation, 10s New Zealand Debentures. 5i per cent, February, 1937, £lO9 15s; Commonwealth 4 per cent bonds: 1938, £99 18s 9d: 1941, £99 16s 3d; 1944, £99 17s 6d; 1947. £99 17s 6d; 1950, £9B; 1953, £9B 2s 6d; 1955. £9B 3s 9d;>1957, £9B ss; 1959, £9B 13s 9d; 1961, £99 7s 6d. Melbourne sales were: Commercial Bank of Sydney, £l6 10s; Goldsbrough Mort, 28s lid; British Tobacco, 345; Electrolytic Zinc, pref., 28s 3d; Mount Lyell, 23s 3d; forward, 23s 9d; North Broken Hill, 71s 3d; Souths, 49s 6d; Zinc Corporation, 30s 6d.