DEALINGS ON ’CHANGE

Dominion, Volume 31, Issue 237, 4 July 1938, Page 12

DEALINGS ON ’CHANGE

Saturday’s Business

RETURN ON INVESTMENTS Sales recorded on Dominion stock exchanges on Saturday are shown In the following list. In rhe second column i.-gfi™ the return based on the hist annual dividend from investment at the quoted price In calculating the return on shares hi companies which pay their dividends O.U side New Zealand the exchange rates have not been taken into consideration, fbe return ou 4 per cent. Government loans Includes redemption. In the case of 31 per cent, loans the return is for the mtere.,. alone, and covers oulj' tue period lor ulinli the loans are tax-free:—

AUSTRO-GERMAN LOANS

Debt Settlement Criticised Bv Telegraph—Press Assn. —Copyright. (Received July 3, 6.30 p.m.) London, July 2. Although Austro-German loans were sharply marked up It would he wrong to infer that the city wholeheartedly approves of the debt settlement. On the contrary, an influential body of opinion considers that it undermines the principles of the sanctity of contract, thus discouraging investors from further international lending which some _ quarters regard ae so desirable. It is pointed out that Germany formerly had no difficulty in paying the full contractual rate of interest on the Dawes and Young loans, while the Austrian Government, with its more slender resources, scrupulously met its obligations. London, July 1. The city editor of the “Daily Mail” says there was great excitement in. the citv after the close of business hours. Austro-German bonds bounded up by £7 to £lB per cent, following the statement by the Chancellor of the Exchequer announcing the agreement with Germany.

BASE METALS MARKET

Copper Up; Tin Down

By Telegraph.—Press Assn.—Copyright. London, July 1. The official London (middle) quotations as reported by the Australian Mines and Metals Association, compare with those previously cabled as follows:— June 30. July 1.

Quotations for Other Metals. Quotations for other metals, with tho«e for the 'previous week in parentheses, are as follows:— Pig Iron.—Home trade. 109/- a ton (same); export, not quoted. Antimony.—British, £7O/10/- a ton nominal (same); foreign, £4O/5/- a ton (£4O). Molybdenite.—43/- a unit. nominal (same). Wolfram.—Chinese, 51/6 a unit, nominal (57/6).

WELLIN'! JTON. Sale Yield p.c. ou investment. £ s. d. p.rlc £ s. t!. d. Inscr. Stock, 4 p.c.. 13/2/43-46 ........ 102 10 0 3 15 0 Ditto, 4 p.c., 1! >/4/4b10 0 3 15 t Ditto, 4 p.c., 0 ft 15 9 Ditto, 3J p.c., 11/1938101 6 V 9 1 *8 7 3 s5 o 8 0 S.J 3 I Bank of Australasia . a9 14 0 so 1 13 19 Bank of N.Z N.Z Breweries •2 3 0 3 0 British Tobacco 11. 0 4 1 Burns, Philp a2 1 3 18 8 11 3 4 (t. J. Coles 4 0 4 10 4 *0 14 0 ----- Broken Hill South .... 1 13 6 fl (9.\ ........... 1 a 0 —• » Late sale Friday, a Reported after call. a Dividend paid in sterling. AUCKLAND £ B. d. S. • d. Inscr. Stock, 3$- p.c., 15/1/53-57 97 10 0 —■ Ditto,'4 p.c., 15/4/4615 49 102 10 0 .1 2 8 7 6 SO 3 3 N.Z. Insurance 15 6 3 12 0 Westport-Stockton, pref. 0 6 6 9 4 7 Broken Hill Pty (2) .. 3 0 0 4 3 4 Mount Lyell 1 8 3 — s Dividend paid in sterling. CHRISTCHURCH. £ B. d. 8. d. Bank of N.Z J 3 0 4 13 1) Ditto 2 11 4 13 .. Westport-Stockton, pref. 0 6 6 9 4 7 Dunlop Perdriau It 0 8 G 15 •J Electro. Zinc, ord. ... •> fl 8 4 8 Pl tin • ••• o 2 9 8 3 c Ditto, pref. Ditto • • 2 6 6 fl 9 7 10 9 6 8 Ditto o 6 10 rr 9 3 Ditto ... 6 11 9 2 G. J. Coles 4 0 4 10 4 Ditto 4 3 4 9 9 Broken HUI South ... 1 13 1 — Ditto 1 13 3 - Mount Lyell 1 8 8 — Dittn 1 8 fj Ditto 1 9 0 1 9 1 Ditto 1. 9 •> __ Mount Morgan 0 9 Si — Unofficial list: — Ballin’s Brewery, 15/n n i /I 0 13 0 —— DUNKDIN. £ q d. j? s. c [ Electro. Zine, ord. ... 2 3 0 8 o 9 Mount Lyell 1 9 3

Per ton. Per ton. Copper— £ s. d. e s. d. Standard, spot ... 37 18 9 38 2 6 Ditto, forward ... 38 4 4i 38 8 1 i Electrolytic ... 42 0 0 42 5 0 to 43 0 0 . 43 5 0 Wire bars ... 43 0 0 43 5 0 Lead— Spot .......... 15 1 3 15 1 10 7r forward ... 15 J 3 15 4 4$ Spelter— Spot ... 14 2 6 14 5 7 J Forward ...... ... 14 (J 10 J 14 10 7J Tin— Spot ... IS!) 7 B 188 7 0 Forward ... 190 2 6 189 5 0 Silver — Standard, per ox. . 19 1 1 Cd. IS I5-juU. Fine ... 2O9-1G(1. 20 7-lGd.