STOCK EXCHANGES

New Zealand Herald, Volume LXX, Issue 21462, 8 April 1933, Page 7

STOCK EXCHANGES

YESTERDAY'S SALES RETURN ON INVESTMENTS Following is a list of yesterday's transactions 011 New Zealand Stock Exchanges. In the second column is given the return, based 011 the last annual dividend, from investment at the quoted price. In calculating tho return on shares in companies which pay their dividends outside New Zealand the exchango rates have not been taken into consideration. The return 011 4 per cent Government loans includes redemption. In tho case of 3J per cent loans, the return is for interest alone and covers only the period for which the loans aro tax-free. No return is given 011 local body securities in tiio meantime:— AUCKLAND EXCHANGE

REVIEW OF THE WEEK A MORE BUOYANT TONE LEADING ISSUES SOUGHT Strong support was given to all leading investment shares on the Auckland Stock Exchange during .the week and a buoyant tone prevailed at the end of the period. The new converted issues of State loans have been epioted for a full week, and during the time supplies have been particularly scarce. Although the demand was constant, no business was recorded. Holders of Government securities, for the moment, are content to watch a gradually firming inquiry. Over tho period offers for the 4 per cent bonds increased from £97 to £99 and for tho corresponding stocks from £97 to £93 10s. The 3£ per cent stocks, which were sought at tho beginning of tho week at £96, now command offers at £97. More attention lias been paid to local body securities, which show a fair return at tho prevailing low rate of interest. A further factor influencing buyers is the knowledge of what reduction in the interest may be expected, thus permitting a comparison in returns. Support has been given to Auckland Hospital Board, 1935, 5i per cent, which changed hands twice 2s 6d higher at £96 12s 6d.

There was a fair turnover in banks, especially New Zealands, which had sale 11 times. Announcement of tho final dividend for the year is expected shortly. On sale, the shares have advanced by 8d to 455. New South Wales have been steady on isolated salo at £29, and Commercials recovered after a drop of Id to the former prico of 14s Id. The Commercial preference issue has been active with two sales 4s higher at £8 7s 6d. Both Nationals of Australasia and Unions appreciated in odd transactions. A feature of the insurance section was the marked rise in New Zealands and SorLh British. Over the period buyers of tho former advanced their limits by Is to 48s 9d, which figure was not met by holders. Mid-week business was done 3d higher at 48s 3d. In South British, sellers wero more accommodating and steady trading saw a rise on sale of Is 3d to 64s 6d. Throughout their operations in tho general sections, buyers have sought the greatest margin of safety commensurate with tho return. Increased business was done toward the end of the period, following an upward movement in offers. Loan and agency and coals were rather quiet, but Auckland Gas rose on three sales from 21s Id to 21s 3d. In shipping, occasional lots changed hands at a slight advance. Except for slightly improved salo in Staples, breweries were quiet. After a quiet period, Australian Glass wero I

don o twice, gaming; Is 3d finally at 4bs del. Colonial Sugars were taken yesterday twice at £54 15s, alter earlier business unchanged at £54 ss. Other shares to move forward included farmers Fertiliser, which had substantial sgle on one day 6d higher at 16s, and Wilsons Cement, in which trading took place 6d higher at 325. Supplies of Waihis are still somewhat scarce, but steady trading was done at the general level of 225, an unchanged price. More sellers of Waihi Junctions aro available in responso to the improved demand and the priro rose over the week by 2d to 3s lOd. Mount Lyells continued to decline, while levels in othur issues were maintained. The following comparative table shows the levels of sales made on the Auckland Stock Exchange finally in April, 1932, together with the lowest price touched last year and the closing prices at the end of the last two weeks:—

The trend of sales completed during the week ended yesterday was as follows, the last salo being given in •parentheses:— Debentures. —Auckland Citv, 1957, 5§ (£95 10s), £9B 10s; Auckland Hospital Board, 1935, 5| (£96 10s), £96 12s 6d, £96 12s 6d.

Banlcs.—Commercial Bank of Australia (14s. Id). 14s, 14s Id; ditto, preference (£8 3s 6d), £8 7s 6d, £8 7s >6d; National Bank of Australasia (£10), £l2 3s 6d; ditto, £5 paid (£5 fis), £5 18s 6d; New South Wales (£29), £29, £29; Now Zealand (44s 4d), 44s Gd, 44s 6d (2), 44s Bd, 44s Sd, 44s 9d, 44s 7d (2), 44s 9d, 44s 9d, 455; Union (£7 6s), £7 7s Gd.

Insurance. —New Zealand (48s), 48s 3d; South British (63s 3d), 63s 6d, 63s 9d. 64s 3d, 64s 6d. Loan and Agency.—Goklsbrougli- ; Mort (22s Gd), 22s 9d; Farmers' Cooperative, A preference (14s), 14s 6d. Gas. —Auckland (21s Id), 21s Id (2), 21s 3d. Shipping.—Huddart-Parker (28s Gd), 295; ditto, preference (23s 6d), 23s 6d; Union Steam, preference (19s 3d), 21s 6d. Breweries. —Staples (22s 6d), 22s 9J, 22s 9d. Miscellaneous. Australian Glass (455), 45s 3d, 46s 3d; Colonial Sugar (£54 ss), £54 ss, £54 15s (2); Farmers' Trading, A preference (14s 6d), 13s Gd; ditto, 13 preference (5s 9d), 7s; Kempthorne-Prosser (62s 6d), 635; Farmers' Fertiliser (15s 6d), 16s (4); Wilsons Cement (31s 6d), 31s 9d, 32s (2); Whittome-Stevenson (15s), 14s. Mining.—Golconda, 6d paid ( —), 3d; Consolidated Gold (10s), 9s 9d; King Solomon (2s), 2s o£d; Waihi (225), 225, 225, 21s 10jd, 225, 225; Waihi Junction (3s 8d), 3s 9d, 3s .10(1, 3s lOd, 3s lOd; Mount Lyell (19s 6d), 18s 9d; Mataki ( —), Is 3|d; Kuala Kampar (6s 9d), ss. . Unlisted. —Bell Hooper, 6d paid ( —), 7*d. AUSTRALIAN EXCHANGES YESTERDAY'S BUSINESS (Received - April 7, 7.15 p.m.) SYDNEY, April 7 On the Sydney Stock Exchange today there was an active market until noon, after which it was closed in consequence of the death of a member, Mr. C. Titmus. Gilt-edged stocks, as well as classified and general company shares, moved in holders' favour. Sales this morning included:—Commonwealth 4 per cent bonds: 1938, £lO3 3s 9d; 1950, £lO2 7s 6d; 1961, £lO2 10s. Commercial Bank of Sydney, £ls 17s 6(1; Australian Gas, £6 18s; British Tobacco, 34s 9d; Colonial Sugar, £55; Burns-Philp, 50s 3d; Henry Jones, 38s 3d. At tho noon call the sales included: — Bank of Australasia, New Zealand delivery, £lO 12s 6d; Commercial Bank of Sydney, £ls 17s 6d; Colonial Sugar, £55; Burus-Philp, 50s 6d; Associated News, 7s sd; ditto, pref., 17s 7£d; Australian Gas, A shares, £6 18s; British Tobacco, 34s 9d; Tooth's Brewery, 365; Toohey's Brewery, 20s 9d; Dun lop Perdriau, pref., 32s 6d; Henry Jones, 38s 3d; Victoria Nyanza, 15s; Broken Hill Proprietary, 30s North Broken Hill, 62s 10$ d; Souths, 435. Commonwealth 4 per cent bonds: 3938, £lO3 3s 9d: 1941, £lO3 12s 6d; 1944, £lO3 17s 6d; 1950, £lO2 17s 6d; 1953 £103; 1959, £lO4 2s 6d; 1961. £lO2 10s. Melbourne sales included: —Commercial Bank of Australia, 14s 6d; Herald and Weekly Times, 56s 6d; Dunlop Perdriau, 17s 3d; Electrolytic Zinc, 15s 9d; Mount Lyell, 18s 9d; North Broken Hill, 63s 6d. E. S. AND A. BANK INTERIM DIVIDEND LOWER f The directors of the English, Scottish and Australian Bank, Limited, have declared an interim dividend of 2£ per cent. Payment will be made on May 1. Last year the bank paid an interim dividend of 3 per cent-, tax free, with a final distribution of 2 per cent, making 5 per cent for the year. NEW COMPANIES SOUTHERN REGISTRATIONS The following public company has been registered in Christchurch: Mining House Concessions, Limited, to conduct mining and incidental. Capital, £25,000, in 500,000 shares of Is each. Subscribers: J. R. McKenzio, C. J. Kerr (Geraldino), G. R. Hunter, W. G. McDonald, P. C. E. Elliott, H. 10. Kennett, T. Newburgh, 2000 shares each. INCREASE OF CAPITAL Tanfield Potter and Company, Limited (Auckland) —Capital increased by addition of 2800 shares of £1 each beyond the present capital of £38,500. Long Trail Goldmining Company, Limited (Auckland) —Capital increased to £25,000 by additional capital of £IO,OOO in 100,000 shares of 2s each. Ounce, Limited (Dunedin) —Capital increased from £2OO to £12,000 by tho creation of 11,800 new shares of £] each. P. AND 0. DEFERRED STOCK LONDON. April 6 P. and 0. deferred stock is quoted to-day at 14s 10Jd, compared with 15s 2}d on March 24. CALL AND DIVIDEND LIST Dividendf— Due South Brit. Ins.—int.. Is 4d a share . . .... Apl. 19 Electro. Zinc, pref.,—arrears, half. year ended Doc. 31, 1931, 4 p.c. Apt. 29 E. S. and A. Bank—interim, 2$ P.c May 1 Imperial Chemicals—final, ord., 3} p.c. . . . . .... June 1 Calls— Golconda Mines, Ltd.—ld a share, making 6d paid . . Apl. 20 Equitable Building (Wellington), £1 a share, making £6 paid, second payment of 5s .. June 30

Return on Sale Price Investment Com. Bank Atis. (pf.) £ s 8 7 d 6 £ s d 4 15 G Bank of N.S.W. . . 20 0 0 3 12 5 Bank of N.Z. 2 4 9 Eitto . . ., 2 5 0 . Union Bank 7 7 6 2 14 3 South British 3 4 6 4 2 8 t Goldsbrough-Mort . . 1 2 9 Huddart-Parker 1 9 0 3 9 0 Staples' Brewery 1 2 9 4 7 11 Australian Glass 2 f, 3 3 4 10 Colonial Sugar (2) . 54 15 0 4 11 4 Farmers' Trad. (A pf.) 0 13 r> 8 It) 4 Ditto (B pref.) 0 7 0 14 0 0 AVilsons Cement (2) . 1 12 0 6 5 0 Wiiihi 1 2 0 9 1 10 The following sales also took place:— Consolidated Goldfields, 9s Od; Kuala Kampar lin, 5s. UNLISTED SHARES The following sale took place:—Bell Hooper (Gd paid), 7Jd. WELLINGTON EXCHANGE Br. nk A'lisia .. 10 2 6 3 9 2 B:.nk of N.S.W. . . 29 0 0 3 12 5 Ditto 28 17 6 3 12 9 National Ins 0 1G 3 4 12 4 Stiplos' Brewery 1 2 9 4 7 11 Mount Lycll 0 18 6 2 11 1 CHRISTCHURCH EXCHANGE Corn Bank Aua. (pf.) 8 8 0 4 15 3 Nut. Bank N.Z. 3 8 6 ♦ Ditto 3 8 (1 » Bunk of N.Z. 2 4 9 * National Ins 0 16 6 4 10 10 Westport Coal (2) . . 0 12 9 5 17 8 Mosgiel Woollen 8 f» ti 4 11) 1 N.Z. Breweries 1 8 (i * Stiples' Brewery 1 2 0 4 7 11 Bi itish Tobacco 1 14 0 3 10 7 Colonial Sugar 54 15 0 4 114 Elec. Zinc (pref.) . . 1 8 41 I Ditto (2) 1 8 3 J Farmers' Fert. (2) . . 0 16 6 6 1 3 N.Z. Refrig. (£1 pd.) 0 10 5 — Mt. Lyell (2) 0 18 9 2 13 4 The following sales N.Z. Farmers' Co-op., also took place:— 1940, 41 p.c. stock, £4t 10s (2); Lawson's Flat. 101d (3); Nolcomsii, 4s 7{d. 4s 7d (2); Freshford, li 3 6Jd (2). UNLISTED STOCKS The following sales took place:—Bell Hooper (6d paid), 7d, ' "}d (3). DUNEDIN EXCHANGE Southland Meat (£1 pd) 2 3 3 5 11 0 "lie following sale also took placo OliJirito, 9a 5d. * Interim dividend reduced. t Interim dividend passed. t Dividend 12 months in arrears. UNOFFICIAL LIST Quotations on the Auckland Stock Exchange for shares and debentures not quoted on the official list are:- — Buyers Sellers Au;k. Farmers' Freez. £ s d £ s d Co. (20s paid) .. 0 10 6 . — Ditto (£5 paid) 2 15 0 2 16 0' Auck. Trotting Club. (deb.), 31/3/34, 8 . . — 90 0 0 British and Foreign Concessions (10s) .. — 0 3 6 Branner Collieries, 30/3/38, 8 . . — 80 0 0 Ditto (shares) Citizens' Perm. Bldg. — 0 7 0 Society — 0 10 6 Claude Neon Lights . 1 1 0 — Glen Afton Collieries, 1/1/42, 71 . . . . ! 99 0 0 — Invest. Executive Trust, A — 9S 10 0 Ditto (B) — 93 10 0 Majestic (Ak.), 16/12'43. 71 — 85 0 0 Murray Deodoriser . . . — 0 10 6 National Tobacco Co. r 3 o r, X.Z. Marble (deb.). 71 100 0 0 N. Roller Mills (ord.) 1 4 0 — Ditto (pref.) 0 19 0 — National Trading — 0 15 6 Oamaru Wool . . — 0 10 0 Southern Cross Assurance Co 0 1 0 0 2 0 Southern Crops Invest. and Rural Devel. So. — 0 4 0 Sun Newspapers . . 0 2 6 0 4 6 United Bldg. So. (Ak.) .— 0 18 0 Wjikato Carbonisation — 85 0 0 Williams' Rotary . . 0 2 9 0 4 0 Wcres (5s paid) n a 0 0 :t 6 Wilton Collieries . . 0 1 6 0 5 6 Winstone 0 18 0 W. R. Cooke & Sons — o s - n Aotea-roa (la) . . 0 2 6 Bell Hooper (6d) 0 0 7 — Snowy River — 0 6 0 Long Trail — 0 2 0 'Odd lots.

April, Lowest Last This 1932 Prico Week Week Bnnk A'asia. 179/208/6 201/-* Com. Bk. Ana. 13/14/1 14/1 Nat. Bk. N.Z. 67/6 59/05/-* 65/-* Bank N.S.W. 580/Bank N.Z. . 43/3 . 40/9 44/4 45/Union Bank 135/129/6 147/-" 147/6 Nat. Ins. .. 11/3 11/16/1* 16/-* N.Z. Ins. .. 35/48/- . 48/3 South British 16/9 46/9 63/3 64/6 Golds.-Mort . 22/20/5 21/6 22/9 Auckland Gas 20/6 20/6 21/1 21/3 N.Z. Breweries 22/U 21/3 27/3 28/-* Aus, Glass . 31/6 28/44/9* 46/3 British Toll. 26/6 25 / 6 33/10' '+ 33/9* Col. Sugar . 720/717/6 1080/-* 1095/El. Zinc (pf.) 19/10 19/6 28/28/-* Wilsons C't. 25/9 25/9 31/3 32/Waihi 16/3 13/9 22/Mt, Lyell .. 18/16/9 18/6* 18/9 *No sales; buyers' closing offers. lEx div.