DEALINGS ON 'CHANGE

Dominion, Volume 31, Issue 70, 16 December 1937, Page 10

DEALINGS ON 'CHANGE

Yesterday’s Business RETURN ON INVESTMENTS Sales recorded uu Dominion stuck exchanges yesterday are shown in the following list. In the second column is given the return based on the last annual divi dead from investment at the quoted price. In calculating the return on shares Id companies which pay their dividends out side New Zealand the exchange rates have not been taken into consideration. The return on 4 per cent. Government loans includes redemption. Ln the case of 3i per cent, loans the return is for the interest alone and covers only the period for which the loans are tax-free:—

LONDON STOCK EXCHANGE Latest Quotations By Telegraph.—Press. Assn.—Copyright. London, December 14. On the London Stock Exchange quotations of bank shares and other corporation debentures and stock compare with previous quotations as follows:—

Shares quotations include: Clutha River Company, buyers 1/9. sellers 2/-. Molyneux River Company, buyers 1/I}. sellers 1/4}. Sierra Leone Per Cent. Loan (British Official Wireless.) (Received December 15, 5.5 p.m.) London, December 14. Arrangements were completed to-day for a £570,000 Sierra Leone 3} per cent, loan issued at £lOl, redeemable in 105863. It is understood that existing -I per cent, inscribed stock holders are offered a part conversion into this stock. British Loan To Belgium (British Official Wireless.) Rugby, December 11. Arrangements for the issue this week of' a loan of £5,000,000 to Belgium at 4 per cent., repayable in 1960, have been completed by a group of British bankers. The proceeds are to be used to repay certain Dutch credits, but a substantial sum is to be retained in Britain to meet trade debts, and for other purposes. Antwerp Wool Futures By Telegraph.—Press Assn.—Copyright. London, December 14. Wool futures ' are steady. To-day’s quotations compare with those previously cabled as follows:— Dee. 7. Dec. 14 December .. 26}d. - - March 26d. 26ifd. May 25Jd. 26§d. July — 26}d. Colombo Tea Market Firm By Telegraph.—Press Association. Dunedin, December 15. Mr. L. M. Wright has received the following cabled report on the Colombo tea auction of December 14: Common and medium grades remained firm with a strong demand. Fine quality teas advanced about }d. A total of 2,250,0001 b. han been catalogued for the sale next week.

WELLINGTON. Sale price. £ s. d Yield p.c. on investment. £ s d. Inscr. Sluck, 1 pc., 15/2/43-46 .. 103 0 0 3 14 Kitto. 4 p.c., i.)/4/ 46-49 102 V 6 3 15 4 Ditto, 3| p.c., 1939-52 101 5 0 3 8 11 Bank of N.Z 2 3 8 4 11 I Wgtn. Trust & Loan (2) Wgtn. Invest., T. & A. 0 0 3 5 7 5 8 6 1 Goldsbrougli, Mort .. *1 12 9 4 17 8 British Tobacco 2 9 9 4 0 4 G J. Coles f4 4 4 4 8 11 McKenzies Dept. Stores 3 14 3 4 14 3 Taranaki Oil (2) ... 0 7 2 — Ditto ' . ■ Broken Hill South .. •4 10 9 12 18 6 Mount Morgan 0 11 3 — 0 11 3 A --— •Late sale Tuesday. IKeported after last cal AUCKLAND. £ s. d. £ s. d. laser. Sluck. 4 p.c., 15/2/43-46 103 O 0 3 14 3 Ditto, 3} p.c., Jo/3/3943 100 12 6 3 9 9 Amid. Brick (Auck.;. (j p.c., 1/3/44 94 0 0 b i i National Bank N.Z. .. 2 15 U |4 9 10 Bank of N.S.W. ...... 33 0 0 3 12 8 Bank of N.Z 2 3 9 4 11 Ditto 2 4 0 4 10 10 19 3 ;» 2 .6 National Insurance O 17 3 -4 G 11 3 3 0 3 3 . > South British Insur. .. 4 17 0 2 10 8 Dominion Investment 0 19 6 A> —1 6 N.Z. Guarantee Corpn. 0 4 0} 6 8 Devonport Steam .... 0 19- 8 i> 1 8 Northern Steam .... 0 4 7 10 10 1 1 10 6 17 4 2 14 6 3 13 4 Colonial Sugar (2) .. 47 10 0 3 3 1 G J. Coles 4 13 4 8 11 Harmers’ Fertiliser .. 0 19 5 *6 3 7 13 0 5 4 4 Wilsons Cement O 17 3 4 6 14 1 12 0 10 IS 9 0 11 5 Unofficial list: — Aust. Prov. Assur., 0 10 9 1 — paid in sterling. CHRISTCHURCH. £ s. d. £ s. d. Comm. Bank Austr (2) 0 16 10 3 19 Ji Bank of N.Z. (2) .... 2 3 9 4 11 Anthony Hordern .... 0 19 0 4 14 8 Electrolytic Zinc, pref. 2 9 1 7 G J. Coles 4 3 11 4 9 4 Ditto (2) 4 4 0 4 Si 3 Ditto 4 3 11 4 9 4 Ditto 4 4 0 4 9 3 Taranaki Oil ....... 0 7 2 Big River (4) 0 12 — Grey River, 7/0 paid -■ 0 9 5 — Broken Hill South ... 1 17 0 12 10 9 Ditto 1 17 1 12 16 Ditto (3) 107 3 12 15 0 Ditto (3) ] 17 2 12 15 Ditto 1 17 1 12 16 Mount Morgan (2) ... 0 11 3 Ditto (8) 1 12 1 10 18 Mount Morgan (2) ... 0 113 North Broken Hill (2) 2 12 3 11 9 8 0 10 3 ... Sales reported:— Rural Bonds, 5 p.c., 15/9/47 1102 10 0 — Dalgety and Co •9 0 0 4 8 10 G. J. Coles 4 3 11 4 9 4 Grey River, 7/6 paid . 0 9 4 Bnrrvt.nwn 17 6 .—— •Late sale Tuesday. DUNEDIN. £ s. d. £ « d. Woolworth.*;, Ltd. 16 0 2 8 0 Mount Lyell 1 12 0 10 18 9 Ditto 1 11 11 10 19 3

Banks: Nov. 30. ■ Dec. 14. £ s. d. £ d. Australasia .... 8 3 9 8 10 0 E.S. and A 4 6 0 4 J 6 Union of Aust. .. 6 15 0 7 1 3 New South Wales 25 0 0 26 7 fi. National of N.Z. 1. « z 0 fi New Zealand . . 1 12 6 1 13 0 Others: British Tobacco . 1 18 fi 1 18 0 Goldsbrough Mort 1 6 6 1. 3 9 Dalgety Y 0 0 G 18 9 N. and O. Defd. . 1 1 0 1 0 4$ N.Z. Loan and Merc. 4 p.c. deb 94 10 0 93 0 0 N.Z. Loan and Mere, (ord.) .. 22 0 0 *41 0 0 *Capital halved.