DEALINGS ON ’CHANGE

Dominion, Volume 31, Issue 152, 24 March 1938, Page 14

DEALINGS ON ’CHANGE

Yesterday’s Business RETURN ON INVESTMENTS Sales recorded on Dominion stock exchanges yesterday are shown the following 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 3} per cent, loans the return is for the interest alone, and covers only the period for which the loans are tax-free: —

BUSINESS ACTIVE Australian Stock Exchanges (Received March 23, 9.35 p.m.) Sydney, March 23. A further decline in base metal prices in London was followed on the Stock Exchange to-day by an easier trend in the dependent stocks. The investment market opened quietly, but livened up in the afternoon. Prices on the whole. were fairly steady. Sales: Colonial Sugar, £46/12/6; Bank of New South Wales, £32/10/-; Commercial Bank of Sydney, £2l; Commercial Bank of Australia, 16/-; National Bank, £5 paid, £7; Mercantile Mutual Insurance, 31/6. Adelaide Steam, 33/-; Howard Smith, 22/4-J; Burns Philp, 51/6; Australian Gas, A, £7/6/6. British Tobacco, New Zealand delivery, 49/-; Tooths, 55/6; G. J. Coles, 81/9; Woolworths Ltd., 22/6, ex bonus; Drug Houses of Australia, 25/-. Australian Iron and Steel, pref., 27/9; Australian Glass, 91/6; Dunlop Perdriau, pref., 38/7-1 ;■ Farmers, 31/6; Anthony Hordern, 19/1J; Stedmans, 15/3. Mort’s Dock, 10/3; Hume Pipe, 20/6; Felt and Textiles, 35/1J ; Newbold Brick, 32/3; J. McGrath, 40/-. W. A. Carpenter, 46/-; Gordon and Gotch, 53/-; Peters, 54/-; Mauri Bros., 71/-; Dalgetys. £B/11/-; Goldsbrough Mort, 30/6; Wilcox Mofflin, 10/1. Electrolytic Zinc, 45/-; ditto, pref., 48/-; Mount Morgan, 10/-; Mount Lyell, 29/104; Broken Hill Proprietary, 60/9; South Broken Hill, 32/44; North Broken Hill, 51/-; Kuala Kampar Tin, 16/6; Placer Development, 74/-. Morning sales included : Commonwealth bonds, 4 per cent.. 1938, £lOl/13/9; 4 per cent., 1941, £104; 4 per cent., 1947, £lO3/10/-; 4 per cent., 1950, £lO4/2/6; 4 per cent., 1961, £lO4/10/-; Bank of Australasia, £lO/5/-; Commercial Banking Co. of Sydney, £2l; Bank of New South Wales, £32/10/-; Tooths Breweries, 55/6; Australian Glass. 91/6; British Tobacco, 49/-; Broken Hill Proprietary, 60/6; Meggitts, 32/-; Mort’s Dock, 10/3. Melbourne, March 23. On the Stock Exchange of Melbourne to-day Barriers and gold shares were easier, but in spite of the sharp fall in New York investments generally remained steady, awaiting a definite trend in overseas affairs. Sales: Commercial Bank of Australia, 16/1; E.S. and A. Bank, £5/3/-; National Bank, £5 paid, £7; Adelaide Steam, 33/-; Howard Smith. 22/5. British Tobacco, 48/6; Carlton Brewery, 64/9; G. J. Coles, 81/6; Drug Houses of Australia, 25/3; Australian Glass, 92/-; Dunlop Perdriau, 22/9. Electrolytic Zinc, pref., 48/-; Mount Morgan, 9/9; Mount Lyell. 29/6; Broken Hill Proprietary, 60/9; North Broken Hill, 51/3; South Broken Hill, 32/3; Zinc Corporation, 92/-; Emperor, 13/-; Loloma, 22/101. LONDON STOCK EXCHANGE Latest Quotations London, March 22. The stock markets are quieter but-are. still cheerful, notably gilt-edged securities. This is largely attributed to foreign buying owing to increasing pressure on the French franc. On the Stock Exchange to-day quotations of bank shares and other corporation debentures and stock compare with previous quotations as follows: — Mar. 8. Mar. 22.

WELLINGTON £ Sale price. s. d. Yield p.c. on investment. £ s. d. Inscr. Stock, 4 p.c., 15/4/46-49 al04 5 0 3 13 2 Ditto. 4 p.c., 15/4/4G-49 al04 7 6 3 12 11 Ditto, 4 p.c., 15/6/52-55 101 7 6 3 13 9 Bank of N.Z. #o 3 ,6 4 11 11 Ditto (3) 3 6 4 11 11 E.S. and A. Bank .,. a5 4 6 4.0 4 South British Insur. . 6 0 2 19 9 1 5 8 7 1 1 (5 6 19 6 British Tobacco .... *2 8 10 4 1 10 Ci .T Coles 4 1 0 4 12.7 Ditto (2) 4 0 11 - 5 12 8 Ditto (2) ' 4 0 11 4 12 8 ■Radio (1936) ♦0 19 3 15 11 i 8 Wilsons Cement (2) , 0 17 10 4 4 1 ♦Late sale Tuesday. a Reported after last call. AUCKLAND. £ s. d. £ s. d. Inscr. Stock, 3J p.c., 98 10 0 Ditto, 3i-p.C„ 15/3/39-43 100 0 0 3 9 8 Ditto, Si p.c., 15/11/38-52 103 5 0 3 8 2 Ditto, 4 p.c., 15/4/46-49 104 2 6 3 13 6 Ditto, 4 p.c., 15/6/52/55 104 10 0 3 13 7 Comm. Bank Austr. .. 0 15 11 4 3 9 N.Z. Insurance 3 0 0 3 6 8 South British Insur. . •> 6 0 2 19 9 1 0 2 5 9 1 Kauri Timber 1 1 5 7 0 0 Dominion Breweries .. 1 17 6 4 16 0 Broken Hill Pty 3 0 3 4 2 11 Colonial Sugar 46 0 0 3 5 2 Farmers’ Trading ... 1 0 0 7 0 0 G. J Coles 4 0 6 4 13 2 N.Z. Newspapers, odd 1 17 3 3 7 1 Wilsons Cement 0 17 11 4 3 8 Woolworths Holdings 0 1’5 0 3 3 5 Ditto (2) 0 15 8 3 3 9 Unofficial List: Waikato Carbonisation, 5 p.c., 1/4/41 .... 92 10 0 —— Whakatane Paper, odd Ini0 5 9 —— CHRISTCHURCH. £ s. d. £ s. d. Comm. Bank Aust. 0 15 10 4 4 2 Bank of N.Z z 3 .I 4 12 1 Ditto (2) 2 3 4 4 12 3 British Tobacco (2) . S 4 4 2 9 Ditto o 8 2 4 3 0 Broken Hill Pty. ... J 0 4 4 2 10 Ditto-(2) 3 0 3 4 2 11 Electro. Zinc, ord. ... X 4 0 7 19 1 Ditto 2 3 9 8 0 0 Ditto, pref. (2) ... 6 9 7 9 8 Ditto 2 6 8 7 10 0’ Ditto (2) o 6 6 7 10 6 0 6 3 Woolworths Holdings d 15 7 3 4 1 Skippers, Ltd 0 0 0} Broken Hill South ... 1 11 10 — Mount Lyell 1 9 6 11 17 3 North Broken Hill ... 11 0 Sales reported Inscr. Stock, 3i p.c., 15/1/53-57 ♦98 10 0 — Bank of N.Z o 3 5 4 12 1 Comm. Bank Aust. .. 0 15 10 4 4 2 Goldsbrough Mort. (2) 1 10 0 5 6 8 Westport-Stockton Coa. 0 2 6 — Broken Hill Pty & 0 3 4 2 11 Woolworths Holdings 0 15 8 3 3 9 0 4 ■■ ■ ♦Late sale Tuesday. DUNEDIN. Stock Exchange closed for Monday.

Banks— £ s. d. £ s. d. Australasia .... 7 17 « 7 15 0 E.S. and A. ... •1 0 0 4 10 Union of Aust. 0 8 9 6 6 3 N.S.W 25 5 0 25 0 0 Nat. of N.Z. ... 2 1 6 2 19 New Zealand .. 1 13 0 1 13 0 Others— British Tobacco 1 18 3 1 17 (5 Goldsbrough, Mort 1 3 11 1 5 0 0 12 (J 6 12 6 P. and D. def. .. 1 0 0 1 0 3 N.Z. Loan and Merc. 4 p.e. deb 92 0 0 92 0 0 N.Z. Loan and Merc., ord. — 1 0 0 27 0 0 Mining share quotations: Clu tba River, buyers 1/74, sellers 1/10J; Molyneux River, buyers 1/1}, sellers 1/4J.