STOCK EXCHANGES

New Zealand Herald, Volume LXX, Issue 21414, 11 February 1933, Page 7

STOCK EXCHANGES

YESTERDAY'S SALES RETURN ON • INVESTMENTS

Following is a list of yesterday's transactions on New Zealand %tock 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 i s 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. Ihe first column gives the figures at which the sales were made:— AUCKLAND EXCHANGE Return on Sale Price Investment i-,,„ £ s d Xsd Bonds, IOoS, 4*. (MayNov.) .. . ; . % o 0 _ Bonds, 1037, 5} (Sep.Mar.) . . . . .. 100 10 0 Stock. 1938, 41 (MayNov.) . . . . . . 96 0 0 _ Stock. 1937. 51 (Sen.Mar.) 9C> 12 fi Akld. E.P.8., '46. 5! 99 0 0 Bank N.S.W. . . . 28 12 6 3 13 4 N.Z. Insurance . . 2 3 9 4 11 5 Colonial Sugar .. 53 10 0 4 13 5 Waihi (3) . . ..1 2 0 9 1 10 UNLISTED STOCKS The following ealo took placeN.A.T. Motors, ss. WELLINGTON EXCHANGE Bonds. 1937, 51 (Sep.Mar) (2) . . . . 101 2 fi Ditto . 101 5 0 Stock. 1939. 41 (Apl.Oct.) 96 0 0 t Stock, 193(5, 5i (Feb.Aug.) 98 15 0 v Stock, 1937, 5) (Sep. Mar.) 101 5 0 E., S. and A. Bank 4 10 6 3 6 4 Bank N.Z 2 4 6 * Ditto 2 4 9 * Queensland Insurance 2 11 3 3 18 1 Westport Coal . . . 0 10 6 7 2 10 N.Z. Breweries .. 17 6 * Waihi (2) .. ..1 1 9 9 3 11 Mount Lyell . . . . 1 0 22 9 7 Ditto .. .. .. 103 295 The following sale also took place;— New Zealand Refrigerating (10s paid), 3s 9d. CHRISTCHURCH EXCHANGE Waimakariri Rivers Trust. 1976, 5} . . 98 15 0 Bank N.S.W. (2) . . 28 17 6 3 12 9 Ditto 29 0 0 3 12 5 Dalgety and Co. . . 7 16 6 3 3 11 Westport Coal . . . 0 10 9 6 19 b N.Z. Breweries (2) . . 17 3 * Colonial Sugar . . 53 2 fi 4 14 1 Weeks, Limited (2) . . 6 0 0 f> 13 4 Waihi (2) . . . . 1 1 11 9 2 h Ditto 12 0 9 1 \0 Mount Lyell . . . 10 4 - - The following sr.les also took place:—New Zealand Refrigerating (10s pvdl. 3s lOd: Alexander Mine?. 14s. 14a Id; Golden P 011 !*- 21d (2); Mahakipawj, 2id; Nokomai. 5s 8d (2), 5s 9d. 5s 81d. DUNEDIN EXCHANGE Waihi 1 22 9 0 5 The following sales also took place;— Gillespie's Beach, Is 2d (2) : Kawarau. -d. 'lnterim dividend reduced. UNOFFICIAL LIST Quotations on the Auckland Stock Exchange for shares and debentures not quoted on the official list are: — Buyers Sellers £ s d £ s d Ak. Fanners' Freezing ' Co. (20s paid) .. 0 10 0 0 12 0 Auck. Trott. Club (deb.). 1934. 8 . . Ak. Trust Co. (£5 pd.) Brunner Coll., 30/3/38. 8 SO 0 0 Ditto (shares) . . 0 10 9 2^ Claude Neon Lights 0 19 0 Dominion Brewery . , 0 7 9 .. 0 ]>2 6 Dominion Laundry .. : J .] « Mamaku.Forests .(20s. pd.l.rr . " 0 ° Matakana Radiata ■ " (£2O shares) .. Napier Brewery .. 0 16 0 -- Napier Woollen Co. . National Tobacco Co. 2 14 0 N.Z. Newspapers . , 0 19 0 10 9 Provincial Flaxgrowers (£25 bond) . . Pacific Forests (20s pd.) 0 12 6 Paparoa Coal .. 0 7 6 Redwood Forests (deb.. £35) .. —v 20 0 0 Roberts' Stabiliser . . Southern Cross. Assur. 0 10 Southern Cross and Rural Dev. Soc. 0 6 0 Sun United Bldg. Soc. . 0 18 0 •Waikato Carbonisation Williams' Rotary Engine 0 5 0 Weres (5s paid) . . 0 3 0 0 4 0 Wilton Collieries . . 0 1 0 0 7 0 Woolworths (N.Z.) .. 2 7 6' W. R. Cooke <fc Sons 0 6 0 ,Golconda (5d paid) 0 0 9 V *Odd lots. REVIEW OF THE WEEK BRISK BUSINESS DONE MARKET FAIRLY FIRM Substantial business was transacted on the Auckland Stock Exchange during the past week, but investors are still somewhat hesitant owing to the Government's taxation measures and the probability of a compulsory reduction in interest rates. In spite of 'these unsettling elements the investment market remained fairly firm and little, if any, ground was lost by the leading issues. Erratic movements took place in the market for Government securities, which was very active. In the early stages of the week buyers concentrated on the 4 J, per cents, but attention was paid later to the 5£ per cents. On yesterday's trading the 4J, per cents were again the most popular stocks, the 1938 issues closing on sale at £96 after previous business unchanged at £95 10s. In 1937 5; per cent bonds trading opened 2s 6d higher at £lOl 5s and the price rose to £lOl 7s 6d. to be. followed by another transaction at £IOO 10s, fairly indicative of the decline in support for the per cent issues. The 1937 5£ per cent stock issues maintained their position more consistently.- The February issue was done unchanged at £lOl. and the September stock had steady sale 5s lower at £IOO 15s. Isolated sales were recorded in debentures at generally unchanged levels. Levels in banks were slow to move during the week, but there was a slight downward trend. Most business was done in the Australian issues. Commercials were secured at 14s 6d, a reduction of 4d, after which the sale price moved to 14s 3d and then back to 14s 7d. English, Scottish and Australians were a shade firmer, a gain of 3d being registered in two sales at £4 9s 9d. After a sale at £23 ss, a reduction of ss, New South Wales recovered to change hands at £2B 12s 6d. New Zealands were quieter. Brisk trading on a firm basis marked operation"! in New Zealand and South British Insurance. Prior to payment of the dividend, New Zealands changed hands freely at fairly steady levels. On trading ex div.. the price dropped Is to 445, closing at 43,5 9d. Six sales were recorded in South British at the unchanged price of 58s 6d. Sales in the general sections were infrequent and business declined toward the pnd of the week. A feature of the market for industrial issues was a keen closing demand for Australian stocks, such as Colonial Sugar, British Tobacco and Australian Glass. At the final call yesterday levels made a distinct forward step. Colonial Sugars changed hands at £53 and £53 JOs. a total gain on the week of £1 10s. Wilsons 'Cements gained ground 'steadilv, being takpn finally at 295, a rise over the period of Is. Interest in mining was widespread, but, the bulk of the business was done in Waihi« and Waihi Junctions. On extensive trading Waihis advanced on sale from 21s 6d to 22s 6d. then easing to 225. Junctions changed hands at approximately late rates, but levels dropped slightly* in sympathy with Waihis. Brisk business was done in Alexanders after notification of a further dividend, leaving levels considerablv weaker. The following comparative table shows the levels of sales made on the Auckland Stock Exchange finally in February, 1932,

together with the lowest price touched last year and the closing prices at the end of the last two weeks:—? Feb., Lowest Last, This 1032 Price . Week Week Bank A'asia. 179/- 170'Com. Bk. Aus. 14/2 13/- 14/10 14/7 N r (lt. Bk. N.Z. 71/- 59/- 72/- 70/-* Bnnk N.S.W. 515/- 480/- 570/- 572/6 Bank N.Z. .. 44/9 40/9 44/- 44/3 Union Bank 150/- 129/G 148/-* 150/N at. Ins. .. N.Z. Ins. .. 37/K 35/- 45/G 43/9 South British 51/9 47/- 53/3 58/15 Golds.-Mort . Auckland Gas 22/- 20/6 19/9* 20/3* N.Z. Breweries 25/3 21/3 27/3* 27/3 'Aus. Gtass .. 29/6 28/- 44/9* 45/6* British Tob. 26/6 25/6 31/6* 33/-* r» «,. usar • 737/6 717/6 1040/- 1070'El. Zinc (pf.) Wilsons C't. 30/- 25/9 28/- 29/M? ,h r 1 „ •• 17/4 13/9 2' /6 22/lit. Lyell .. 20/6 16/9 20/- 20/3 *No sales; buyers' closing oilers. The trend of sales completed during the week ended yesterday was as follows, the last sale price being shown in parentheses : Government Loans—Bonds: 1938 4£, May-November (£95 10s), £95 10s, '£9t>1939, 4£. April-October (£95 12s 6d), £95 10s; 1937, 5. September-March (£93). £95 10s; 1937. s£, September-March (£lOl 2s 6d), £lOl 55," £lOl 7s 6d, £IOO 10s. Inscribed Stock: 1938, 4A, May-November (£95 10s), £95 10s, £95 10s, £95 10s, ; £96; 1937, 5 1-8, September-March (£95 ss), £96, £96 12s 6d; 1937, 5, SeptemberMarch (£96), £95 10s; 1937, s*, Febru-ary-August (£101), £101; 1937, SA, Sep-tember-March (£101), £IOO 15s, £IOO 15s (2). Debentures.—Auckland City, 1956 , 54, £97 10s ; ditto, 19E8, s£, £9B ; Auckland Harbour Board, 1947. s£. £97 10s; Auckland Electric-Power Board, 1946, 53 ( —), £99. Banks.—Commercial of Australia (14s lOd), 14s 6d, 14s Bd, 14s 7d; ditto, preference (£8). £7 15s. £7 15s 6d; E. S. and A. Bank (£4 9s 6d), £4 9s 9d, £4 9s 9d; Bank New South Wales (£2B 10s), £2B ss. £2B 12s 6d; New Zealand (445), 44s 9il, 45s (2), 44s 3d, Union Bank (£7 17s 6d), £7 10s 6d. £7 10s. Insurance.—National (14s Id), 14s 4H; New Zealand (45s 6d), 45s 3d, 45s 3d (2), 455, 445, 43s 9d, 43s 9d ; Queensland ( —), £2 lis. Loan and Agency.— Dalgety (£7. is), £7 7s 6d ; New Zealand and Rivor Plate (19s 6d), 20s 3d; Loan and Mercantile (£37 10s), £39. Coal.—'Tauyiri (lis 3d), lis 3d; Westport (10s 5d ), 10s -sd. Timber.—lvauri (12s 6d), 12s 6d. Breweries.—New Zealand (265), 27s 3d. Miscellaneous.—Colonial Sugar (£52), £53; £53 10s; Farmers' Trading, ord. (2s 6d). 2s Id: ditto. B preference (9s), 5s 3d; Gear Meat (295), 28s 6d : New Zealand Drug (565), 56s 6d. 56s 6d, 565; New Zealand Paper Mills (21s 6d), 225; Wilsons Cement (28s), 28s, 28s 3d, 28s 6d, 295. Mining.—Alexander, 13s 6d paid (17s), 15s, 16s-, 16s 3d, 16s Blackwater (21s 6d), 20 s (2), 20s 6d; Waihi (21s 6d). 21s 6d. 21s 9d, 22s (4), 225, 22s 5d (2), 22s 6d. 225, 21s 9d, 22s (3); Waihi Junction (3s 8d), 3s 9d, 3s 9d, 3s BJd: Golden Dawn (4s), 3s 9d; Golden Point (3£d), 3£d, 3£d, 2£d; Nokomai (5s 10£ d), 6s ; Okarito (9s Id), 9s 2d; Mount Lyell (20s), 20s 3d. ft Unlisted Shares.—British and Foreign Concessions, 10s paid, 15s; N.A.T. Motors, ss. AUSTRALIAN EXCHANGES YESTERDAY'S BUSINESS (Received February 10, 9.15 p.m.) SYDNEY, Feb. 10 On the Sydney Stock Exchange to-day the market was fairly active, all the best conditions of the week again being noticeable. British Tobacco made further headway. Colonial Sugar. Morris Hedstrom, Burns-Philp and gas. shares were all firm. Banks were, steady! and Commonwealth bonds were a shade firmer. ' This morning's sales included: Commonwealth 4 per cent bonds, 1938, £lO2 15s; 1941, £lO2 15s; 1947, £lO3 3 S 9d; 1953, £lO2 2s 6d; 1935, £lO2 7s 6d; 1959, £lO3 2s 6d; 1961, £lO3 15s. Commercial Bank of Sydney, £l6; Colonial Sugar, £55; British Tobacco, 34s 9d ; Australian Gas, A shares, £7 4s; Toohey's Brewery, 20s 7jd; Tooth's Brewery, 35s 6d. Included in closing sales were: Bank of New South Wales, £3O 17s 6d; E. S. and A. Bank, 89s 6d: Commercial Bank of Sydney, £l6; United Insurance, £7 10s; New Zealand Insurance, for New Zealand delivery, 475; Australian Gas, A shares, £7 4s ; British Tobacco, 34s 6d; Toohey's Brewery, 20* 9d; Dunlop Pcrdriau, 17s 9d; Morris Hedstrom, 18s; Millaquin Sugar, 26s 9d; Herald and Weekly Times, 58s 9d; Taranaki Oil, 2s 9d; Mount Lyell, 20s 3d; Broken Hill Proprietary, 27s 10£ d. Melbourne sales included: Australian Glass. 46s 9d; Dunlop Perdriau, pref., 335; Commercial Bank of Australia, 15s; Electrolytic Zinc, 17s; Herald and Weekly Times, 58s 3d; Mount Lyell. 20s 4^d. GOLD AND SILVER QUOTATIONS IN LONDON (Received February 10. 8.35 p.m.) LONDON, Feb. 9 Gold is quoted to-day at £6 Os 2d an oz., compared with £6 0s lid yesterday. Silver is quoted at 16 5-8 a an oz. spot, and 16 11-16 d forward, compared with 16|d and 16 13-16 d yesterday. The quotation for silver at per standard ounce is, 16 5-8 d and at per fine ounce 17 15-16 d, compared with 16-jd and 18 l-16d yesterday. TRAMWAY DIVIDEND KELBURN-KARORI REDUCTION The Kelburn and IvarOri Tramways Company, Limited, Wellington, has declared a final dividend of 2 per cent, making. with the interim dividend, a total of 5 per cent for the year ended December 31, as against 7 per cent, for 1931. CANTERBURY MARKETS WHEAT BEING OFFERED FREELY [by telegraph—press association] CHRISTCIIUHCII, Friday Offerings of oats have declined during the last few days. The price is discouraging to growers and farmers are now at the busiest period of the wheat harvest. Prices range from Is 2d to Is 4d a bushel on trucks for Algerians and to Is 5d for Gortons. Lines of milling wheat are being offered fairly freely. Samples are irregular, a proportion being under standard weight. For prompt delivery fowl wheat is easier, being quoted at 3s 3d a bushel, f.o.b. A gpod deal is being offered. Spread delivery is quoted at 3s 4d, but most of the business is confined to prompt delivery. Interest in potatoes is absent. Quotations are 40s a ton on trucks. The seeds market is being fully supplied, and merchants are disinclined to operate in view of the heavy crops being harvested. From la to Is 5d a bushel is quoted for ryegrass, from 3d to 3J>d per lb. for Peninsula cocksfoot, and 2£d to 3d for Plains cocksfoot. CALL AND DIVIDEND LIST Dividends— Due Queensland National Bank—int., " 4 p.c. p.a. . . Feb. 16 Bank of N.S.W.—quarterly, 5s a share . . Feb, 27 Alexander Mines—seventh, Is a share . . Feb. 27 Calls— Gillespie's Beach Gold Dredging—--3d a sha re Feb. 13 Waitahu Gold Mining Co.—6d a shore '. . Feb. 23 • Equitable Building (Wellington). £1 a share, making £6 paid, payable quarterly - .. .. Mat. 1