STOCK EXCHANGES

New Zealand Herald, Volume LXIX, Issue 21326, 29 October 1932, Page 5

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 securilies no return is given, in view of the new method of quotation, but tie months in which interest is duo are shown. In calculating the return on shaves 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 pie figures at which tho sales were'made:— AUCKLAND EXCHANGE

New Zealand Refrigerating (10s paid). 2s 5d (5); Alexander 03s (id raid). 16s Pd (2), 17s, 17a 3d: Cornish Point. Id (2): Golden Dawn, 5s (2): Golden Point. s(d (6): Okarito, 8s 3d, 8a 3jd. DUNEDIN EXCHANGE Goldsbrouph-Mort . . 1 3 7 3 2 5 Mount Lyell . . ..103 + The following sales also took place:— Cornish Point, 4!d; King Solomon, Is lOd; Golden Dawn, 4s lid. ss. * Interim dividend reduced, t Interim dividend passed. * Dividend 12 months in arrears. ft E VIEW OF THE WEEK CONDITIONS MUCH EASIER A LESS ACTIVE MARKET Conditions were easier on the Auckland Stock Exchange during tho week and support which had been built up over a period \yas noticeably lacking Leading issues tended to decline and the closing stages of the week saw holders making concessions. The turnover for the week was reduced owing to the Labour Day holiday. Unfavourable influences were instrumental in checking the forward move in the market, but evidence remains that ample money is available for diversion to sound channels even at the expense of a much reduced return to the investor. During the week Australian - industrial issues, which have been particularly active, were inclined to rest on late gains, and the inquiry was directed more toward Government securities. The rise iu the price of gold kept the mining section active. Waihis advanced on sale fo 18s, the highest point reached for at least three years. • Buyers continue to monopolise the market for State loans and holders remain generally unquoted. Tlio releases during the week were practically all at. a higher rate and closing offers were in advance of those at the opening. There were five sales in the 1937 5£ per cent September issues, a parcel each of bonds and stock changing hands yesterday at £IOO ss, compared with previous prices at £99 17s 6(1 and £IOO. The 1939 4£ per cent stock also registered successive advances, the last of three sales being completed yesterday at £95, only 2s 6d lower than a transaction prior to tho half-yearly interest distribution. The 1938 per cent stock advanced on sale 10s to £97 and the 1936 5i per cent bonds were done £1 higher at £IOO 2s 6d. During the neriod offers for the 1937 5£ per cent issues advanced 5s to £IOO 2s 6d and a riso of 10s to £9B 10s was registered in the case of the 1938 4£ per cent "issues, on which an interest payment is duo shortly. As a whole, tho banks group revealed a weakening demand. Business was fairly dull and most parcels were socurcd at a reduced figure. Now Zealands declined on sale from 46s 3d to 45s 9d and tho interest has not been strong. A price Is 3d higher at £4 Is 3d was secured for a parcel of Nationals of New Zealand, but this fell back to £4 in a later transaction. 'J he insurance section was productive of comparatively few sales and offers tended lo fall during tho week. Nationals were secured Id lower at 14s 6d. New Zealands registered an advance on .sale of 6d to 43s 9d, after which a further parcel was taken at 43s 6d. Tho most significant transaction in the other sections was in Tooth's Brewery at 32s 3d, an advance of 5s 9d over the price secured two months ago. There were further transactions in Australian Glass and British Tobacco at approximately lato rates, but Colonial Sugars declined from the high level of £SO 5s reached at a sale in the previous week. Parcels were.secured at £SO, £49 15s and £49 15s successively. The only other issue to show sustained activity was Wilsons Cement, four sales fluctuating about, tho last previous price, 31s 3d. Most of the business in mining issues was concentrated iu Waihis, of which a total of ten parcels changed hands. The interest, is payable shortly and the sale price advanced in stages from 17s 6d to 18s. Mount Lyolls have not shown tho same appreciation in value as other mining issues and offers declined during tho week from 21s 9d,to 20s. Tho following comparative table shows the levels of sales miklo at the re-opening of the Auckland Stocfv 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 Hunk A asia. 185/- 179/- 197/ C* 197/6 Com. I3k. Aus. 11/5 13/- 14'!) i 14/0 Nat,. Bk. N.Z. 75/- 59/- 80/- 80/Bank N.S,W. 5,15/- 480/- 570/- 570/-* Bank of N.Z. 44/9 40/9 46/3 45/9 Union Bank 155/0 120/(5 1(10/- 158/0 Nat. .Ins. .. 13/- 11/- 14/7 14/6 N.Z. Ins. , . 40/(5 35/- 43/3 43/6 South British 53/9 47/- 57/9 56/6* Golds.-Mort . '23/9 20/5 24/41 23/4* Auckland Gas 24/- 20/(1 21/3 21/3 N.Z. Breweries 28/44 21/3 28/3 27/-* Aus. Glnss . 28/9 28/- 39/ti 40/6 British Tob. . 27/3 25/(1 32/3 32/6 Col. Su«ar . . 795/- 717/6 1005/- 995/Kl. Zinc (pf.) 20/3 19/6 26/4 1 24/6* Wilsons C't. . 33/- 25/9 31/3 31/3 Waihi .. 1(1/44, "13/9 17/4 18/Mt. Lyell . . 20/9/ 16/9 21/11 20/-* *No sales; buyers' closing otlers. /The trend of sales completed during the week." ended yesterday afternoon, was as follows. I lie last previous sale being given in parentheses:— ' Government Loans.—Bonds, 1937. SA, September-March (£99 17s 6(1), £IOO 2s fed, £IOO 5s r ditto, 1936, February-

August (£99 2s 6d), £IOO 2s 6d. Inscribed stock, 1937, sj, September-March (£100), £IOO, £IOO, £IOO ss; ditto, 1938, 44, MayNo von ibe r (£96 lO.s), £97; ditto, 1939, 41, April-October, (£95 2s 6d), £94 17s 6d, £94 12s 6d, £95; ditto, 1937, 54, Feb-ruary-August (£100). £IOO. Debentures.—Auckland City, 1936, 5 (£94), £96 10s; Auckland City, 1940, 5i (£97 10s), £93 10s. Banks.—Commercial Bank (14s 9£d), 14s 9d; National Bank of New Zealand (£4), £4 Is, £4 Is 3d, £tf; Bank of New Zealand (46s 3d), 45s 9d, 45s 9d; Bank of New Zealand, D. prof. (29s 6d), 295; Union Bank (£8), £7 18s 6d; Bank of Australasia (£lO Is 6d), £9 17s 6d. Insurance.—National (14s 7d), 14s 6d ; New Zealand (43s 3d), 43s 9d, 43s 6d; Standard (41s 3d), 50s. Loan and Agency.—Farmers' Co-op., 13. prof. (12s), 13s. Gas.—Auckland Gas (21s 3d), 21s 2d, 21s 3d; Auckland Gas, con. (15s 3d), 15s 2d. Shipping.—Devonport Ferry (18s 6d), 18s, 18s 3d. Timber.—Lcyland O'Brien (19s 8d), 19s Bd. Ilrowories.—Tooths (27s 6d), 32s 3d (2). Miscellaneous.—Australian Glass (39s 6d), 40s 6d; British Tob.'icco (32s 3d). 32s 6d; Colonial Sugar (£SO ss), £SO, £49 15s, £49 15s; New Zealand Refrigerating, 10s paid (3s 4d). 3s, 3s; Wilsons Cement (31s 3d), 31s, 31s, 31s 6d, 31s 3d; Taranaki Oil Fields ,(2s 7d), 2s 3d (2). Mining.—Waihi (17s 6d), 17s 6d. 17s 6d 17s 7d, 17s 8d- (3), 17s lOd (3), 18s; Golden Dawn (ss), 4s Bd, 4s lOd; Cornish Point (2d), 3d; Golden Point (6d), 6d: Kawarau 7d: Blackwater (17s 6d)l 17s 9d. THE CITY MARKETS STRAWBERRIES INCREASING HEAVY VEGETABLE SUPPLIES Although the recent wet weat.her interfered with picking operations strawberries aro daily being received at the City Markets in Increasing quantities and are selling fairly readily. At yesterday's sale extra choice Captain Cooks sold at from 2s 6d to 2s 10jd a chip, compared with Is 9d to 2s 2d a chip at the sale on Tuesday, when they were in heavier supply. Marguerites sold at from 9d to Is 9d, as against 9d to-Is 4d, and inferior Captain Cooks at from 2s to 2s 3d, an increase of 6d. A good demand existed for bananas at.prices generally in accord with '1 uesday's sale. Hothouse tomatoes were also readily sought, but lemons and grapefruit remained very dull of sale. Island oranges were in short supply and values were high,' the best price realised, 255, being 2s in excess of the highest rate at the last sale. A fresh shipment of these oranges will arrive next week, but the quantity is only small. Apples sold at unaltered rates. The first gooseberries of the season came forward from the Waikato and sold at from 9s to 12s 9d a case. The quality was fair. Yesterday's quotations were:— ' FRUIT Strawberries, Captain Coo!:s. extra choice, is (id to 2b !OJd chip; others. 2a to 2s 3d: Marguerites, 9d to Is 9d: tomatoes, hothouse Gd to Is 2d lb.: bananas, repacks, ripe, extra choice, 23s case: No. 2 and medium, Ms to 19s; pears', Nelis, repacks, 7« to 9s fid; P. Bnrrys, 7s 6d to Ss; grapefruit, large, 5s to 7s: small, 3s to 4s: lemons, ;{s to 7s; mandarins, 8a to lis: oranges. Island, 23s to 255: Australian Vallencias. 8s to lls ! Gd: apples, Delicious, fia to Ps Gd: Granny Smith, Gs to 9s: Dougherty, 4s to 7s; Winesap, Gs to 7s Gd: Sturmers, Gs to 8s Gd: grapes, red. Californian. 2ss keg: white. 255; pommegranates. lis to 14s case: gooseberries. 9s to 12s 9d; passions, Australian. 12s to 14s: local. 9s to 10s; loqnat. Australian. Gs to 7s Gd. FIELD PRODUCE Potatoes, Southern. 7s to 8s cwt.: new. lid to 2d lb.; onions, Canadian. IPs to i'l crate; kumaras. Island, 7s to 8s cwt: Taurangn, 4s to 5s fid: cabbage. 2s to 5s fid sack; cauliflower, 3s to Gs Gd; swedes. Is to Is 9d bag; pumpkins. 8s to 13s cwt.: green peas. 3d to 3{d lb.: beans, hothouse. 7d to 10{d: lettuce. Is to 4s case; cucumbers. hothouse, 4s to 9s dozen; vegetable marrows, new season's, 4s to 7s; cabbage, loose. Is 0d to 2s Gd: cauliflower, loose. Is Gd to 4s Gd; celery, 3d to Gd bundle: rhubarb, Is to 4s Gd dozen; spinach. 9d to Ib 3d: pumpkins, loose, 4d to 2s each: radish, fid dozen; spring onions. Gd to Is bundle; carrots, parsnips, beet and turnips. Gd to Is dozen; asparagus, 3d to Sid bundle; leeks, 2d to 5d bundle. POULTRY Cockerels, Heavy breeds, prime, 3s Gd to 5s Gd: not prime. 2s upward: light breeds, prime, 3s to 4b; not prime. Is Gd .upward; fat roosters, heavy breedß. prime. Is 9d to 2s Gd ; light breeds, Is 3d to Is 9d: fat hens, heavy breeds. 2s Gd to 3s: light breeds. Is Gd to 2s; pullets, heavy breeds, best. 2s Gd to 3s Gd; smaller. Is fid upward: light breeds, best. 2s fid to 3s 6d; smaller. Is Gd upward: drakes, young, prime, 2s to 3s: smaller. Is upward: old. Is to Is 9d: ducks, young. Is fid to'2s Gd: old, Is to Is 9d: geese, 2a Gd to 3s fid: turkey hens. Is to Gs: cobblers, 5s to 12s: cockerel chicks, heavy breeds, Gd to 2s; light, broeds, id to Is Gd: dny-old chicks. 131nck Orpington, 4d to fid: Leghorn, 2d to Gd: guinea fowls, 2s fid to 3s; ducklings. 9d to 10d DAIRY PRODUCE Hen and duck eggs, first, grade, 103 d per dozen; B grade, 9{d ; C grade. 71d. Farmers' butter, Sd to lid per lb. T. AND G. MUTUAL LIFE NEW BUSINESS FOR YEAR New business completed by the Australasian Temperance and General Mutual Life, Assurance Society, Limited, for the year ended September 30, comprised 149,943 policies in the ordinary and industrial departments, assuring £10,619,107. In tho ordinary department new business comprised 22,188 policies assuring £5,181,522, and in the industrial department, 127,755 policies assuring £5,437,585. In the accident department 2882 personal accident and sickness policies assuring £1,386,750, were issued, and in addition 4328 policies, in the ordinary department. were endorsed with accident benefits assuring £901,804. HENRY JONES CO-OP. INCREASE IN DIVIDEND ' Henry Jones Co-operative, Limited, Melbourne, has advised tho Stock Exchange Association that n final dividend of Is 3d a share, making Is 9d for the year, will bo paid on December 1. Payment is at the rate of 83 per cent for the year, compared with 64 per cent in 1930-31, 7£ per cent in 1929-30 and 10 per cent in 1928-29. CALL AND DIVIDEND/LIST Dividends— Duo British Tobacco—quart., pref., GS p.c. p.a Monday Whitcombe and Tombs, Ltd.— final, 3 p.c. . . . . . . Oct. N.Z. Guar. Corp.—final, pref., 7 p.c. p.a.; ord., 8s paid, 2s a share■ fully paid, 5d a share Oct. Waihi Gold Mining Co.—interim. Is a share . . . . Nov. 1 D.1.C., Dunedin, pref., G p.c. p.a. Nov. 2 Sharland and Co.—G p.c. for year. ord. and pref Nov. -1 Bank ot Adelaide—interim, 4 p.c. p.a. Nov. 9 N.Z. Paper Mills—interim, halfyearly. 3 p.c. . Nov. 10 Dominion Pictures—final, pref.. 7} . p.c. p.a.; ord., 21 p.c. p.a. Nov. 10 Burns Philp—interim, half-year, 10 • p.c. p.a. . . Nov. 15 Australian Glass—interim, pref.. 41 p.c.: ord.. 3 p.c Nov. 15 Broken Hill Proprietary—halfyear, Is a share . . . . Nov. 1G Nat. Bank Australasia—.£lo paid and X's paid, interim, 21 p.c. Nov. 30 Bruce Woollen Manufacturing Co.—pref., 7 p.c Nov. National Ins.—final, 5d a share Nov. Imperial Chemicals interim, ord., 2} p.c Dec. 1 Henry Jones Co.-op.—final, Is 3d a share . . . . . • Dec. 1 P. AND O. DEFERRED STOCK LONDON. Oct. 27 F. and 0. deferred stock is quoted at 19s, compared with 18s 9£d on October 24.

ReUirn on Sale prico Investment £ 8 d £ a d Howls, 1937, 51 (Sep.Miir.) 100 5 0 _ Stk., 1039. 4i (AprilOct..) ■ 95 0 0 _ Stk.. 1937, 51 (Fcb.Aug.) 100 0 0 — Stk., 1937, 55 (Scp.Mnr.)! 100 5 0 — Biink A'n'sia. 0 17 fi * Nnl. Bank N.Z. 4 0 0 4 7 fi Bunk N.Z. .. o 5 9 fi 5 4 N.Z. Insurance o 3 C 4 11 11 Auckland Gas,, I I 3 * Devonport Ferry 0 18 3 5 9 7 Tnranaki Oilfields (2) 0 0 3 — Wilsons C.'emenl . . 1 11 3 fi 8 0 W.'i ill i (,')) 0 17 10 11 4 3 Ditto . . . : 0 18 0 U 2 3 Tlie following sale also took place:—Golden Dnwn. 4s lOd. WELLINGTON EXCHANGE Bunk of A'ssia, 0 17 6 0 Ditto 9 19 0 ♦ Bank N.Z. (3) o 5 9 fi 5 4 Ditto 2 5 8 fi 5 7 Union Bank . . . 7 15 fi 2 11 5 Wilsons Cement . . 1 11 0 fi 7 0 Ditto (2) 1 11 3 fi 8 0 Tlie following sales also took place:— Wilsons Cement, 31s 4d; N ew Zealand Ilcfriterating (10s paid), 2s Gd CHRISTCHURCH EXCHANGE •> / N.Z. Farmers' Co-op., 1045. 4} 49 0 0 — Nat,. Bank A'asia. (£5 paid) . . 5 12 r, • Nal. Bank N.Z. . . 4 0 i; 4 fi 11 Bank N.Z. (4) o 5 fi 6 fi 0 Ditto (2) o 5 9 6 5 4 N.Z. Breweries . . 1 7 3 5 17 i Elec. Zinc (pref.) (ex div.) .1 5 0 I ! Ditto 1 4 9 Mount Lyell . . 1 0 5 + The following sales also took place:—