FINANCE AND COMMERCE

Dominion, Volume 26, Issue 280, 22 August 1933, Page 12

FINANCE AND COMMERCE

"STOCKS AND SHARES Good Demand Yesterday BANKS SUGHTLY EASIER Little change from the closing prices of last week'was seen yesterday on the Wellington Stock Exchange. There was a goo.d demand, which was . fairly well SP (fovernment loans and local body and other debentures again came in for keen attention, prices being very There was a somewhat easier tone in the banks section. New Zealands sold at 48/41, and late buyers were in at 48A, as against sales early last week at 50/ and 49/9. The long term mortgage shares were steady at 32/9. New South Wales eased to £32/10/-, sellers £33 10/-. Last week sales were made at vqq/5/. to £33/10/-. Union Bank of Australia were easier at £9, sellers asking 3/- higher. Commercial of Australitf were wanted at 16/-, sellers quoting 4d. above. National of Aus ra asia £lO paid, were 5/- up at. £l3, and the £5 paid were steady at £6/5/-. , P Financial and pastoral shares showed little or no change. Gas and insur ance were firm at about late rates. - • • Insurance sold at 52/6. N.Z. Kefrigerating paid, were done at 15/11, and the 10/. paid it 7/-. Wellington Woollens, both Ces, eased to £5, following payment of dividend Firm rates were quoted for miscellaneous and rnining shares, which were in active deman . Blackwaters moved up to 32/3. Alexan ders, 13/6 paid, were qnoted_at /o, at 15/3, and Waihis at 25/-.

Dredging Yields

The Uliarito Five Mile Beach Gold Dredging Company, Ltd., yesterday reported to the Stock Exchange Association a return of 79 ounces 8 dwt, for 120 hours’ work last week.

(Sreymouth, August 21. Brian Boru dredge return was 390 z. for 94 hours’ working. The dredge stopped on Friday for repairs to the screen roller. This is expected to be complete by Wednesday ready to resume working probably on Thursday morning.

DEALINGS ON ’CHANGE Sales Recorded Yesterday RETURN ON INVESTMENTS Sales recorded on Dominion stock exchanges yesterday are shown in the 1 oilowing list. In the second column Is given the return, based on the last annual dividend, from investment at the quoted price. In calculating the return on shares in companies which pay their dividends outside New Zealand the exchange rates have not been taken into consideration. The return on 4 per cent. Government loans includes redemption. In the case of 3i per cent loans the return Is for interest-alone, and covers only the period for which the loans are tax-free. No return is given on local body securities and debentures in the meantime. WELLINGTON.

FOREIGN_EXCHANGES Position of Sterling (British Official Wireless.) Rugby, August 10. The following rates on foreign exchanges were current to-day, compared with those ruling on August 18:—

Gold and Silver. London, August 19: Gold.— £6/5/- per ounce, fine. Silver.—Cash. 17 13-16 d per ounce; forward, 17 15-16 d. Dollar Conversion Rates The Associated Banks have agreed that the conversion rates from August 19 will be:— i CanU.S.A. ada. Conversion of dollar bills received for collection and sale of dollar drafts 4.43 4.69 Purchase of dollar bills 4.63 4.89 These conversion rates are, of course, ascertained on a sterling basis (London funds) and therefore current rate of exchange New Zealand on London will also be charged or allowed as the case may require. Customs Exchange Rates Rates of exchange ruling at the announced dates of departure of the vessels named are shown in the following table. They are subject to confirmation by the Customs Department when the exact time of departure is learned on arrival of the vessels in New Zealand :— Port Fremantle, America, dollars 4.535 Melbourne Marti, Japan, yen 1413-lfid Canadian Victor, Canada, dollars 4.81 Golden Eagle, America, dollars . 4.50 Hauraki, America, dollars 4.49} SYDNEY STOCK EXCHANGE Market Generally Weaker By Telegraph.—Press Assn.—Copyright. (Received August 21, 8.35 p.m.). Sydney, August 21. Opening with a somewhat hesitant tone, values on the Stock Exchange moved irregularly and closed generally weaker, pastorals being the only exception. Sales: Bank of New South ’Wales, £33; Commercial Bank of Sydney, £l7/10/-; Colonial Sugar, £59/5/-; Burns Philp, 52/6; Associated News, 8/3: pref.. 18/10}; Anthony Hordern, 10/5; Australian Glass, 50/-; David Jones, 27/-; Farmers, 12/-; Goodyear, pref., 28/3; Henry Jones. 38/7}; Millaquin Sugar, 27/6; Howard Smith, 10/9; British Tobacco, 35/4}; Carltori Brewery, 39/1}; Dunlop Perdriau, 18/3; Meggitts. 20/4}; Hoyts, A, pref., 14/9; Hoyts, B. nref., 6/9; Goodlet and Smith, 16/3; Tooths, 38/1}; Mount Morgan, 33/9; Bulolo Deposits. 2/8; Broken Hill Proprietary, 37/3; South Broken Hill, 58/3: North Broken Hill. 82/9. Commonwealth Bonds were easier all round. Morning sales included: Commonwealth Bonds, 4 per cent., 1941, £lO3 8/9: 1950, £lO3/17/6; 1953. £lO3/10/-; 1959, £lO4/11/3: Associated News. 8/4; Australian Glass. 50/-; Broken Hill Proprietary. 37/4}: Howard. Smith, 10/8. Melbourne. August 21.

Sales: Union Bank. £9/4/-; Herald and Times, 45/-; Tooths, 38/6; North Broken Hill, 82/6; Zinc Corporation, 33/9.

WELLINGTON EXCHANGE Latest Quotations • ’ ' • . x ■ . The latest buying and selling quotations on tho WelMngton Stock Exchange are as foUow: O OVT. LOANS. Buyers. Sellers. £ s d £ s a 4 n.c. Bonds, 1940 .... 100 0 4 p.C. ditto, 1946 .... ■ "T 4 p.C. ditto, 1949 .... 101 0 4 p.c. ditto, 1955 .... Rural Advance Bond — 0 0 100 10 101 0 98 10 0 0 0 34 p.c. Ins. Stk., 1939-52 100 2 34 n.c. ditto, 1038-43 .. 100 7 6 6 3j p.c. ditto, 1938-52 .. 100 2 4 p.c. ditto, 1940 ....lOOlu 6 0 101 5 0 4 p.c. ditto, 19-19 .... 101 0 4 p.c. ditto, 1955 .... 0 101 0 0 ‘ debentures. Auck. City, 54 p.c., 1944 100 0 0 — Chch. City, 5i p.c., 1944 100 0 Dunedin City, 5J p.c., ; 1944 J00 10 0 0 — Wgtn. City. 5J p.c.. 1940 100 10 0 Wgtn. Harb. Bd., 5} P-c., 1040 100 0 0 — Eastbourne Boro., GJ 100 0 0 p.c.. 1/7/1952 ....... Makerua Dge. Bd., 0 p.c.. 95 0 .0 Wgtn. Gas Co 102 10 0 — Wgtn. Racing Club .. 93 0 0 Turnbull & Jones, Ltd. _• — — 95 0 0 Amlgd. Brick and Pipe 9Q 0 0 — BANKS. : Australasia ‘ — 12 7 6 Comrcl. of Aust., ord. . 0 16 0 0 16 Comrcl. Bankg. Co., SydEng.. Scot, and Aust. . 5 5 0 4 3 National of Australasia, £10 paid 13 0 0 13 4 0 Ditto, £5 paid .... 6 5 0 0 8 0 New South Wales .... *32 10 0 33 10 Q New Zealand • • 2 8 0 2 8 9 Ditto, "D” long term 1 12 9 1 13 3 Union of Aust 9 0 0 9 3 0 FINANCIAL, Abraham and Williams, ord — 3 7 6 i Dalgety and Co 8 15 Goldsbrough, Mort and 0 Co 1 • ■ National Mortgage, “B” 1 6 N.Z. Guarantee Corpn., ord 0 6 8 0 T 0 N.Z. Invest., Mort, and Dep 0 3 3 —« N.Z. Loan and Merc., ord. stock 44 10 .0 — Ditto. 5 p.c. pref. .. _ — N.Z. ana River Plate . 1 0 100 0 0 6 . — Wgtn. Invest., T. & A. 0 4 3 ——. Wgtn. Trust, Loan .. 3 16 0 — s GAS. Gisborne 0 3 6 Napier, pref 9 10 0 Wellington, ord 1 13 0 —• Ditto, pref 1 1 6 — INSURANCE. National of N.Z. ...... O 11 ’ 3 0 17 4 New Zealand 2 12 0 2 12 6 South British 3 9 6 Standard *2 19 0 2 19 6 MEAT. Gear Meat — 1 12 3 N.Z. Refrig., £1 paid . — Ditto, 10/- paid 0 6 0 16 0 JI 0 7 .1 Wgtn. Meat Exp., pref. 0 15 0 Southland. Frozen Meat — 2 11 6 TRANSPORT. Huddart, Parker, pref. *1 3 6 Union Steam, pref 1 3 0 — WOOLLEN, Wellington, ord 5 0 0 Ditto, pref 5 0 0 ’ • — COAL. Westport 0 12 10 0 13 3 Kaitangata 11 9 — TIMBER. Leyland-O'Brien . — 0 18 3 BREWERIES. N.Z. Breweries 1 14 4 1 15 0 Staples and Co. ........ — 1 6 3 MISCELLANEOUS. British Tobacco Aust., ord. 1 14 0 Colonial Sugar 58 5 0 58 15 0 Consol. Brick and Pipe 0 6 0 0 7 6 Dominion Investments 1 3 0 D.I.C., pref 1 o 3 — Electrolytic Zinc, 8 p.c., part pref 1 11 6 1 12 6 N.Z. Drug 3 6 3 N.Z. Farmers’ Fertiliser *0 15 9 Sharland and Co., ord. 1 0 0 Ditto, pref 1 o Wilson’s Cement, cum. 0 — rights 1 13 9 New Colosseum — 2 0 0 OIL. Moturoa, ord O 1 8 — MINING. Alexander, contrib. .. 12 3 Big River — 0 1 8 Blackwater . 1 12 3 Consol. Goldfields O 15 3 Gillespie’s Beach O 2 King Solomon 0 2 O 0 0 2 3 Kawarau O 0 54 O O 7} Mount Lyell ......... 1 i 7 1 1 9 Nokomai O 3 2 O 3 y Okarlto *0 12 0 0 12 6 Waihl 1 5 0 Waihl Grand Junction 0 3 9 Bell Kllgour — 0 1 4} Central Shotover — 0 1 ’Cum. dividend. Unofficial List — Buyers. Sellers. £ s d £ 8 d N.Z. Perpetual Forests. ord — 2 10 0 Claude Neon Lights .. 18 6 Invest., Exec. Trust, “B” debentures — 93 10 0 Skippers — O 0 3 Moonlight Sluicing .... — 0 1 0 GOLD RETURNS

Return on Sale price. investment. Bank of New Zealand.. 2 8 4* 4 13 0 N.Z. Insurance 2 12 6 3 10 2 N.Z. Refrig'ating £1 pd. 0 15 11 —— Ditto, 10/- pd 0 7 0 — Hell, Kilgour 0 1 4 — Ditto 0 1 4 ■ — AUCKLAND. £ s d £ s d Govt. Bonds, 4 p.c., 1940 101 0 0 3 16 8 Insc. Stock, 3} p.c., 1939-43 101 0 0 3 9 3 Ditto, 4 p.c., 1940 (2) 101 0 0 3 16 8 Ditto. 4 p.c., 1935 .. 100 10 0 3 19 3 Bank of N.S.W 33 0 0 3 0 7 Bank of N.Z 2 8 6 4 12 9 South British Ins. ... Farmers’ Auction., B pref. (2) 3 10 0 3 16 2 0 15 0 8 0 0 Auckland Gas, contr. . 0 17 0 4 17 0 Kauri Timber 0 11 9 — Colonial Sugar 58 7 6 4 5 8 Consol. Brick’(2) .... 0 6 3 —- Beil Kilgour 0 1 4 ' — Gillespie’s Beach 0 2 —— Okarito Ditto 0 12 0 12 0 — Waihl 1 5 6 8 0 0 Waihi G. Junction (3) 0 4 i 8 3 3 Kuala Kampar 0 7 0 — Mount Lyell 1 1 8 —— Ditto 1 1 9 Bell Hooper 0 0 9J — > CHRISTCHURCH. . £ s d £ s d Inscr. Stock, 4 p.c., 1940 (4) 101 0 0 3 16 8 Nat. Bank Aust'asia, £5 paid 6 6 0 3 19 4 Bank of N.Z. (4) 2 8 6 4 12 9 N.Z. Ilefrig.. £1 pd. 0 16 0 — Ditto, 10/- pd. (4) 0 7 0 Alexander Mines, 13/6 paid 1 3 0 . — Bell Kilgour 0 1 3i —• Freshford 0 0 « • — Gillespie’s Beach 0 2 1 •Golden Point 0 0 2} — Lawson’s Flat (2) ... 0 0 11 — Nokomai (5) 0 3 3 •— Okarito 0 12 1 —— Waihi G. Junction ... 0 4 0 8 6 8 Sales, reported:— Staples’ Brewery 1 6 2 3 16 5 Mount Lyell (3), ....; 1 1 9 — DUNEDIN. Sales on ’Change:— £ s d £ s d Southland Meat, paid (3) 2 11 0 4 14 1 Okarito (2) 0 12 0 ' —— Gillespie’s Beach 0 2 li — Sales reported:— Southland Meat (3) .. 2 11 0 4 14 1 Bell Hooper 0 0 9 —— Inser. Stock, 3} p.c., „• 1939-43 101 0 0 3 9 3 , Ditto, 4 p.c., 1955 .. 100 10 0 3 19 3

Aug. 19. Aug. 18. Par. N. York, dol. to £ 4.48} 4.511 4.866 Montreal, dol. to £ 4.74-7-8 4.795 4.866 Paris, fr. to £.... .8413-32 84 7-16 124.21 Brussels, bel. to £ 23.685 23,69 35.00 Geneva, fr. to £.. 17.125 17.095 25.225 Amst’dam, fl. to £ 8.19 8.19 12.107 Milan, lire to £ .. 6213-16 6213-16 92.46 Berlin, mks. to £ 13.875 13.88 20.43 St’holm, knr. to £ 19.39 19.38 .18.159 C’hagen, knr. to £ 22.40 22.40 18.159 Oslo, knr. to £.. 19.90 10.90 18.159 Vienna, schgs. to £ •30 •30' 34.585 Prague, knr. to £ 111.50 111.625 164.25 Hel’fors, mks. to £ 226.50 226.50 103.23 Madrid, pes. to £ 39 17-32 39 9-16 25.225 Lisbon, esc. to £ 109.25 . ■109.25 110 Athens, drach. to £ 587.50 587.50 375 Belgrade, din, to £ —— 243 276.31 Bucharest, lei to £ 560 560' 813.60 Warsaw, zloty to £ ■ — —" 43.38 Rio de J., p. to mil. 74 3-8 74 3-8 , 5,890 B. Aires, p. to peso t421 7421 47.62 M. Video, p. to peso •34 •34 •51 Calcutta, p. to rup. 18.1-16 181-16 18 Shanghai, p. to dol. . 15 1-16 151-16 — H.-Kong, p. to dol. 16} 1613-16 — Y’hama, p. to yen 14 3-8 14 5-16 24.582 Batavia, fl. to £.. 8.20 8.20 12.107 •Nominal. tOfficlal.