STOCK EXCHANGES

New Zealand Herald, Volume LXIX, Issue 21296, 24 September 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 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 £ad £ s d Stock, 1937, 5* (FebAug.) . . '. . 06 5 0 Ditto, 1933, 5} (Jan.July) . . . . 99 5 0 Cora. Bank Aus. . . 015 0 3 6 8 Bank of N.Z. (2) . . 2 7 6 6 0 8 Union Bank .. .. 714 0 21111 N.Z. Insurance .. 2 3 0 4 13 0 Auckland Gas ..110 Colonial Sugar .. 48 10 0 5 3 1 Farmers' Trading .. 0 3 6 Wilsons Cement .. 113 3 GO4 Waihi (2) . . .. 0 17 0 11 15 3 Waihi June. . . 0 3 3 10 5 2 Mount Lyell . . ~110 t The following sale also took place:— Blackwater, 19s. CHRISTCHURCH EXCHANGE Stock. 1936, 5} (Feb.Aug.) . . . . 93 15 0 Ditto, 1933, 5i (JanJuly) . . . . 99 5 0 N.Z. Refrig. (con.) (5) 0 3 9 13 6 3 N.Z. Breweries . . 1 9 8 5 710 British Tobacco . . 1 10 0 4 0 0 Electro. Zinc (pf.) (2) 1 6 5 * N.Z. Paper Mills . . 11l 612 9 Wilsons Cement . . 113 3 6 0 4 Mount Lyell (5) . . 1 1 5 + The following sales also took place:—Okarito, Ss aid (2). WELLINGTON EXCHANGE Nat. Bank N.Z. . . 4 0 6 4 7 6 Ditto . . .. 4 1 0 4 6 4 'Union Bank . . .. 7 15 0 2 11 7 Milhuru Lime .. 1 6 6 513 3 Waihi 0 17 0 11 15 3 DUNEDIN .EXCHANGE Bank of N.S.W. . . 28 0 0 * Bank of N.Z 2 7 6 6 0 8 Westport Coal , . 012 6 7 0 0 Electro. Zinc ..0163 Ditto (2) . . . . 016 7 N.Z. Refrig.- (con.) . 0 3 8 13 12 8 Otago Daily Times . 119 0 5 2 7 The following sale also took place:—Golden Point, 7d. 'lnterim dividend reduced. dividend passed. IDividend 12 monthß in arrears.

REVIEW OF THE WEEK FIRM LEVELS MAINTAINED STEADY VOLUME OF BUSINESS Firm conditions were maintained on the Auckland Stock Exchange during the past week, and the volume of business showed little alteration from that of the previous week. Steady levels were maintained in Government loans and dealing was light. Sellers of Australian banks showed little activity, and with some reaction still apparent in buying support after the higher levels touched recently, few requirements were satisfied. New Zealands, however, wero again freely dealt in, levels shading from last week's price of 48s to 475, with a final gain to 47s 6d. Unions were another active issue, and after fairly steady trading from £7 lis to £7 12s, rose sharply on sale at the close to £7 14s.

commercials gained o« in tno week to 15s. Although New South Wales gave way 7s 6d to change hands at £27 2s 6d, buyers were unable to locate any subsequent supplies with offers of £27 10s. Strong conditions which have prevailed in insurance for some time were maintained. Rates dropped 6d to 43s for New Zealand Insurance on opening, and daily transactions followed at that level, Nationals, after a period of inactivity, advanced to 14s Bd, a rise of Bd, while South British were steady at 58s. Little business was done in loan and agency, an advance of 6d in GoldsbroughMorts to 25s 3d being the principal feature. Intermediate sections also produced few sales. New Zealand Breweries were in firmer reque»t and moved up Is 3d in a single transaction at 29s'6d. Another sharp ri§e in Colonial Sugars was the outstanding movement in general investments. Following a sale last Saturday 5s better at £46, dealing opened on Monday at £46 6s, with a further rise to £46 7s 6(1 on Tuesday. After two days, business again took place at the advanced price of £4B 10s, with holders asking £SO for more. Inquiry closed firm at £4B ss. Gear Meats also registered a substantial, rise in dealing at 35s 3d, and' Wilsons Cements recovered to 33s 3d. Australian Glass shaded from 39s 9d to 38s, at which price two parcels were secured. Renewed interest was displayed in Taranaki Oils < and several transactions accompanied a rise from 2s 4d to 2s 9d. The chief business in mining took place in Waihis, which again touched 17s, an appreciation of 3d. Other issues were in firm demand, but few supplies were secured. Blackwaters continued their upward movement, changing hands lOd better at 19s. Mount Lyells eased to 20s 6d, with a final recovery to last week's level of 21s. The following comparative table shows the levels of sales made at the re-opening of the Auckland Stock Exchange in January, together with the lowest price touched since and the closing sales of the last two weeks:— Jan. Lowest Last This Sales Price Week Week Com. Bk. Aus. 14/5 13/- 14/9 15/Nat. Bk. N.Z. 75/- 59/- 80/- 80/R Bk. N.S.W. . 545/- 480/- 545/-* 542/6 Bk. of N.Z. . 44/9 40/9 48/- 47/6 Union Bank 155/ li 129/6 151/6 154/Nai, Ins. .. 13/- 11/- 14/5* 14/8 N.Z. Ins. .. 40/6 35/- 43/6 43/Sth. British . 53/9 47/- 58/- 58/Golds. Mort 23/9 20/5 2-1/9 25/3 Auck. Gas 24/- 20/6 21/-* 21/N.Z. Breweries 2P/4 J 21/3 28/3 29/6 Aus. Glass . 28/9 28/- 37/6* 38/Brilish Tob. 27/3 25/6 30/3 29/6* Col. Susur . 795/- 717/6 915/- 970/El. Zinc (pf.) 20/3 19/6 25/3* 25/6* Wilsons C'ts. 33/- 25/9 83/- 33/3 Waihi . . 16/41 13/0 16/11 17/Mt. Lyell .. 20/9 16/9 21/- 21/- * Buyers' closing offers. The trend of sales completed during the week ended last evening was as follows, the last previous salo being given in parentheses:—. Government Loans. —Bonds. 1937, 54, February-August (£lOl 7s 6d cum int.), £99 2s 6d; Inscribed Stock, 1937, sg, February-August (£9B 10s cum int.), £96 ss, £96 ss; ditto, 1937, 54, SeptemberMarch (£99 2s 6d), £99; ditto, 1936 , SA, February-August (£99 2s 6d), £9B 17s 6d; ditto, 1933, 54, January-July (£95 ss), £95 ss. Debentures. —Auckland Gas, 1935, 64> May-November (£9B 10s), £IOO 10s, £IOO 10s; Hamilton Borough, 1959, si, August (-), £9l. Banks. —Commercial of Australia (14s 9d) 14s 9d, 15s, 15s; National Bank of New Zealand (£4), £4 0s 6d ; New South Wales (£27 10s), £27 2s 6d; New Zealand (48s), 47s 9il, 475, 47s 3d, 47s 4d, 47s 3d, 47s 6d (2); Union (£7 lis 6d), £7 12s, £7 lis, £7 lis 6(1, £7 lis, £7 12s, £7 14s. Insurance. —Nationals (14 s ), 6d, 14s 8d: New Zealand (43s 6d), 435, 43s 435, 435; South British (58s), 58s, 58s, 58s«

Loan and Agency.—Goldsbrough-Mort (24s 9d), 25s 3d; Farmers' Auctioneering, B pref. (lis), 12s, 12s; North Auckland Farmers', B pref. (5s 9d), 7s. Coals.—Taupiri, pref. (22s 6d), 21s 6d. Gas.—Auckland (225), 21s. Breweries.—New Zealand (28s 3d), 29s 6d. , < Miscellaneous. —Australian Glass (39s 9d), 38s, 38s; Colonial Sugar (£45 15s), £46, £46 7s 6d, £4B 10s; Farmers' Trading (4s), 3s 6d, 3s 6d; Gear Meat (32s lOd), 35s 3d; New Zealand Refrigerating (lis 3d), 10s-6d; ditto, con. (3s 9d), 3s 10s, 3s 8d; New Zealand Paper Mills (18s 6d), 21s ljd; Robinson (17s 6d), 19s; Whittome-Stevenson (19s 6d), 15s; Wilsons Cement (335), 32s 4jd, 335, 33s 3d; Taranaki Oil (2s 4d), 2s Bd, 2s 9d, 2 S Bd. Mining.—Blackwater (18s 2d), 19s; Golden Dawn (5s 3d), 5s 3d; Waihi (16s lid), 16s 9d, 16s 8d (2), 17s, 16s lid, 17 s 2d; Waihi Grand Junction (3s 2d), 3s 3d; Mount Lycll (21s), 20s 6d, 21s, 21s; Okarito (8s sd), 8s 7d; Golden Point (73d), 7'd, 7d. _ THE LONDON MARKETS QUOTATIONS FOR METALS ALL-ROUND INCREASES (Received September 23, 8.5 p.m.) LONDON, Sept. 22 Following .lire to-day's quotations on the London metal market, compared with tlioso of September 21: — Sept. 22 ScDt. 21 Per ton Per ton £sd £ s d Copper, stan., spot . . 35 15 0 34 15 7i Copper, stall., 3 trios. . 35 1G 3 34 14 4i *Copper, electrolytic . . 30 5 0 38 0 0 to to - 30 15 0 38 10 0 Copper, elect., wire bars 30 15 0 38 10 0 Lead, soft, spot ..13 6 3 1- 18 9 Lead, soft,, forward - 13 7 G 13 l 3 Spelter, spot .. . . 15 15 o 15 7 6 Spelter, forward •• lo £ 15 11 3 Tin, stan., spot . . 154 8 9 151 17 0 Tin, stan., 3 nios. . . 3 0 15.5 1/ o •American, G cents a lb., same as on September 21. WHEAT, FLOUR AND PULSE Wheat.—Cargoes are 3d to 6d higher, but buyers arc not willing to deal. Parcels are active ijt 3d lo 6d dearer. Futures:—London : September, 25s 7d a quarter; December, 24s 7d; February, 24s 6d. Liverpool: October,, 5s 83d a cental; December, 5s 7Jd; March, 5s Snot trade slow. Australian, ex ship, 30s 6d. Flour firm. Australian, ex store, 20s 6d to 21s. Oats irregular. Peas and beans steady. Beet sugar,, October, 5s 7|d. THE CITY MARKETS CAULIFLOWER PRICES RISE

FRUIT VALUES STEADY A firming in the prices of some vegetables, notably cauliflower, was the principal feature of yesterday's sales at the

Auckland City Markets. Fruit values showed few alterations. The demand for apples was rather slower, while pears did not meet with keen competition. Grapefruit and lemons were still dull of sale, 6s a case being the top price realised for both fruits. Island oranges, however, sold fairly freely at late quotations. Repacked bananas were in shorter supply and realised improved values, 13oth hothouse and Cook Island tomatoes sold under keen competition, the latter snowing an increase of up to 4s a case. Cauliflowers, which sold at Tuesdays sale at from 6d to 2s a sack, were in much shorter supply, and prices rose sharply, 2s 6d being the minimum price and 6s 6d the maximum. O'uions, the scarcity of which had been relieved to some extent by shipments from Canada and Japan, firmed again. Cabbages, swede ; turnips, kumaras and rhubarb were in very heavy supply and the market was ' also fully stocked with celery, new pota- ' toes, green peas and Brussels sprouts. New 1 potatoes, however, under a steady demand, advanced about 3d a lb. There was little alteration in the poultry , market, the supplies being heavy and the demand fair. Eggs came forward in mod- ' erate quantities, but values remained the

same as last Tuesday, when an advance of Id took place. Yesterday's prices were:— FRUIT V Apples, Delicious, Gs 6d to 8a 6d a case; Granny Smith, 7s Gd to 9s; Doughertys, 2s fid to Gs Cd; Winesaps, (is to 7s; Sturniers, 7s to 8s- Washington's, Gs to 7s Gd; pears, Coles and Nelis. (is to 8s 6d; Josephine, 4s»to 5s Gd; grapefruit, large, 4s Gd to (>s; small, 2s to Us; oranges, Island, according to count, 15s to 17s; Navels, 9s to 12s; mandarins, according to condition. 5s to 10s, lemons, 3a to 6s; pines, 12s to' 13s 6cl; tree tomatoes, 2s 6d to ss; black, 5s to 8s: bananas. No. 1, repacks, up to 20s; .No. - and mediums, 8s to 18s*. tomatoes, hothouse. 9d to Is 3d lb; Cook Island repacks. .6 to 10s Cd a case. FIELD PRODUCE Potatoes, Southern, 8s to 9s cwt; new, lid to 5d lb; onions. Califonan, 35s to d<s cental; 14s to 17s bag; kumaras Island 8s to 98 cwt; Tauranga. 2s 9d to 3s 3d bag or 5s to 6s cwt; cabbage. Is to 4s sack: cauliflower, 2s Gd t<\ Gs; swedes, Is to Is 9d bag; pumpkins, 2s Gd to Gs cwt; citron melons, 4s to 7s; green peas, 6d to 7d lb; beans, hothouse, 8d to Is 3d; lettuce, Is Gd to 5s Gd case; encumbers, hothouse, 3s to Gs 6d dozen; vegetable marrows. Is Gd to 3s; cabbage, loose, 6d to Is Gd; cauliflower, loose. Is to 3s; celery, 6d to 2s Gd bundle: spinach, Gd to Is 3d dozen;, rhubarb, Is 9d to 5s Gd; pumpkins, loose, 3d to Is each; radish, Gd dozen; spring onions, 4d to Is bundle; carrots, parsnips, beet and turnips, 5d to Sd dozen; asparagus, 8d to Is bundle; leeks, 3d to Gd; chokos. 8d to Is 1 3d dozen; Brussels sprouts, 2Jd to 3jd lb.

POULTRY Cockerels, heavy breeds, prime, 3s 6d to 5s 6d; not prime, 2a up; light breeds, prime, 3s to 4sj not prime. Is Cd up; fat roosters, heavy breeds, prime, Is 6d to 2s; light breeds, Is to Is 6d; fat hens, heavy breeds, 2s to 2s 9d; light breeds. Is Cd to 2s 3d; pullets,' heavy breeds, best, 2s 6d to 3s Gd: liprht breeds, best, 2s 6d to 3s 6d: drakes, young, prime, 2s Cd t.o 3s Cd; smaller, Is Cd up; old. Is to Is Cd; ducks, young, Is Gd to 2s fid; old, Is to Is f>d; geese, 2s Gd to 3s Cd; turkey liens, 4s to Gs; gobblers, Cs to 12s; cockerel chicks, heavy breeds, 3d to 9d: light breeds. Id to 4d; day-old chirks, Black Orpington, 5d to 7d; Leghorn, 4d to Gd; guinea fowls, 2s 6d to 3s Gd. DAIRY PRODUCE Hen and duck eggs, first grade, Hid per dozen; B grade. lOJd; C grade, BJd. Farmers butter, 8d to lid per lb. PIG-MARKETING ASSOCIATION [FROM OUR, OWN correspondent] TAURANGA, Friday A well-attended meeting of local farmers was addressed by Mr. H. W. Hastings on the aims and activities of the New Zealand Co-operative Pig Marketing Association. Mr. Hastings gave particulars of various economies effected by the association. Mr. Hastings was accorded a vote of thanks and Afterwards conferred with the local committee of the association. MANAWATU JERSEY SHOW The 10th Manawiitu Jersey Show and Sale, to be held at Palmerston North on September 29, has drawn a splendid entry of 98 bulls and 20 heifers. This old-estab-lished fixture has been developed on sound lines, and it is recognised as one of the best sales held in any part of the Dominion for buyers to secure their requirements. The entry this year is remarkable for the number of the progeny of the Dominion's choicest imported sires. Thirty-nine leading breeders are . represented with selected lots from Taranaki, Manawatu, Horowhenua, Hawke's Bajr. Rangitikei and Feililing. The well-known breeder, Mr. II." L. Horn, who had ' intended holding an annual sale, lias now included his draft in the above sale and all his lots will be sold without re.serve. lucluded are several sons and daughters of his famous imported fire, Les Niemes Emperor.