With Investors on the ’Change

Sun (Auckland), Volume I, Issue 273, 8 February 1928, Page 12

With Investors on the ’Change

THE WEEK REVIEWED BANKS SELL FREELY By “NOON CALL’’ WEDNESDAY, 9 am. Another week of steady business has passed on ’Change. Interest continues confined mainly to banking and the better classes of securities, though slightly more attention has been paid to mining over the week. New Zealands have been one of the best sellers in the banking section, being dealt with in Wellington at 59s on Thursday, and four times in Auckland over the period at the same figure. Nationals of New Zealand have improved over the week from a sale in Christchurch on Wednesday at £6 19s, and one on the same day at Wellington at £6 18s 6d to be done at £6 19s 6d in Christchurch again on Thursday, and again at that centre at £7 on Saturday. N.S.W.’s are firm around £47 15s (cum div.), several sales being put through at that figure. In the insurance section South British meet with a strong demand and frequent business has been reported on a market which has improved over the week from sales at 57s 3d to see the scrip dealt with in Christchurch on Monday at 58s. Firm buyers for most other insurance shares find sellers hard to locate. Dalgetys, in the loan and finance section, still meet with a steady demand on outside ’Changes, though practically neglected in the North. The scrip was dealt with daily in Christchurch over the week on a market fluctuating between £l3 15s 6d and £l3 16s. New Zealand Guarantee Corporation are in better tone and sales were made in Wellington at 9s 6d. Coals are passing through a period of comparative quiet, and though buyers’ quotations are mostly unchanged, sellers are hard to locate and few sales have been recorded, Hikurangis are still In demand, the ordinary scrip being put through at 4s and the preference at Bs. Auckland Gas continue free sellers, the scrip being dealt with up to 23s 3d (cum div ). Ex div. buyers left yesterday s mid-day call offering 225, wi£h sellers a In the shipping section Huddart-Park-ers are sought on a strong market, which has improved to see buyers at 50s 6d WUb th th n e° Exception of Wellingtons, woollens are quiet and mostly neglected. \ buyer at 21s for Kauris at one call was the only support given sellers of timbers over the -week. , , Miscellaneous scrip continues quiet, with little noteworthy movement in quotations. Wilsons Cements remain one ol the best sellers, a strong demand seeing the scrip deqlt with yesterday at 38s. Taranaki Oils registered Signs of terday. when the shares were done at 10s and sellers advanced their demands to Tliough greater activity has Keen eistered in the mining section, there nas been practically no improvement in the rntai-unt? movement and buyers of either issue yesteck>veriiment,randoUam]! I .d>otfy debentures still meet with a steady demand at practically unchanged rates. Return on Investment Below is a summary of sales made on the Auckland ’Change for the week ended February 7. giving the approximate turn on investment based on the dividend In the case of Government and other redeemable securities, lh<V,-|t turn includes redemption. "h®, I Vif„ column glv&> the nKures at '"'Auckland latest sale was made on the Auckland •Change over the week: —

COMPANY REGISTRATIONS Yesterday one public corrvpany was registered in Auckland. Details are:— Hughes and Cossar, Limited. Objects: General warehousemen, etc. Capital, £30.000. divided into £1 shares. Subscribers: Robert Burns. Cyril A. Hughes, Percy H. Hughes, Howell R. Jones, George C. W. Morris, Alfred H. Gyllies, Erie M. D. Ohlson, and Cyril J. Palmer, one share each.

Latest Approx. Retui n. £ s. d. £ s. d. BANKS— 14 10 0 4 16 6 Com. of Australia . Eng., Scottish & 7 14 0 4 17 9 4 < New Zealand .. . • INSURANCE— South Brlfish .. .. .2 17 c 2 IS 3 LOAN & AGENCY— Farmers’ Co-op. 0 Auct. CB pref.) .. lo ° 4 COAL — Hikurangi (ord.) .. 0 4 0 Ditto (pref.) .. .. GAS— 0 3 1G o SHIPPING— Devonport Steam . . 1 4 0 6 & 0 Northern Steam P. & O. Deferred 9 4 Stock 242 0 0 4 WOOLLENS — Wellington MISCELLANEQU S— 6 •> * 7 IS 1 British Tobacco 1 19 — Colonial Sugar . . .. bb 10 0 4 10 1 Electrolytic Zinc . . 1 11 13 Wilsons Cement l 3 N.Z. Refrigerating DEBENTURES— Bor. of Mt. Eden, 5J U 17 6 6 11 5 per cent., 1961 N.Z. Ins. Stk.. 5$ ; 01 0 0 13 S per cent., 1933 ,. 101 0 0 5 b 4 N.Z. Breweries .. .. 1 2 7 S 17 1