HEAVY TURNOVER

Evening Post, Volume CXXI, Issue 130, 3 June 1936, Page 12

HEAVY TURNOVER

AUSTRALIAN INVESTMENTS (By Telegraph.—Press Assn.—Copyright.) SYDNEY, June 2. On the Sydney Stock Exchange today the turnover was heavy and the market bright. Australian Government securities, however, were weaker consequent upon the opening of the new loan campaign. Sales.—Bank of New South Wales, £3 3s; Queensland National Bank, £5 ss; Colonial Sugar, £42 2s 6d; United Insurance, £11; Associated Newspapers, 22s l£d; Automatic Totes, 19s 3d; Howard Smith, 18s lOJd; Huddart Parker, 375; Burns Philp, 71s 6d; Australian Gas, B, £7 13s; Tooths, 52s 3d; Too'.ieys, 31s 3d; Queensland Brewery, 29s 6d; G. J. Coles, 81s 3d; Australian Iron and Steel, pref., 255; Ausj tralian Glass, 925; Dunlop-Perdriau, 18s i 1 id; Goldsbrough Mort, 32s 6d; Henry ! Jones Co-op., 41s 3d; Millaquin Sugar. 42s 6d; David Jones, 45s 6d; Anthony [Hordern, 19s; ditto, pref., 23s I Amalgamated Textiles, 10s sd; Hume Pipe, 20s; J. Fielding, 77s 6d; Australian Guarantee Corporation, 25s 6d; Cash Orders, 265; Mark Foy, 27s 3d; James Stedman, 18s IJd; "Truth," second pref., 25s 9d; Woolworths, second pref., 26s 6d; Woolworths, Ltd., ordinary, buyer £5 15s, seller £5 17s 6d (no sales); Mt. Morgan, 14s 6d; Broken Hill Proprietary, 69s 6d; new issue, 45s 3d; Placer Development, £5 14s; Loloma, 18s 9d; Commonwealth Bonds, 4 per cent., 1938, £102 16s 3d; 1941, £101; 1944, £105 6s 3d; 1947, £102 ss; 1950, £102 6s 3d; 1.953, £102 7s 6d; 1957, £101 ss; 1959, £102 12s 6d; 1961, £101 12s 6d. MELBOURNE, June 2. Sales on the Melbourne Stock Exchange today included:—Commercial Bank of Australia, 19s 6d; Australian Glass, 91s 9d; Metropolitan Gas, £14 3s; "Herald and Times," 68s 6d; Howard Smith, 19s; G. J. Coles, 81s 3d; Mt. Morgan, 14s Gd; Placer Development, £5 13s; North Broken Hill, £8 8s; Koroere, 5s 3d; Loloma, 18s 3d. BROKEN lIILL SHARES BUSINESS IN DUNEDIN (Special to the "Evening Post.") DUNEDIN, This Day. The market prices of Broken Hill Proprietary shares experienced a sharp rise on the Stock Exchange today, when a parcel changed hands at 675. with further buyers at 665, and no seller under 68s. On Monday these shares were for sale at 655, with 64s the best buying offer. Buyers also advanced their offers for the contributing issue by 2s 6d without revealing a seller. The rise in the local market follows a sharp rise in Australia. Business recorded in other issues shov/ed that investors are continuing favour Australian securities, the chief attraction being the greater possibility of capital appreciation than is the case with New Zealand securities, which have a definitely restricted market as compared with many Australian issues. PERPETUAL TRUSTEES DIVIDEND AS BEFORE Perpetual Trustees, Estate and Agency Company of New Zealand, Ltd.. Dunedin. reports that the amount brought forward f™™ the previous year was 13s 9d, from which had since been paid income tax for that year, an interim dividend of £1250 for the half-year ended October 31, 1935, and the company's contribution to the stafi benefit fund, leaving a balance of £78G 12s lOd. The profit for the year just ended was £6065 Os sd, and the available balance was therefore £6851 13s 3d, which the directors recommended should be dealt with as follows:—Payment of a dividend of Is per share foi half-year ended April 30, £1250; writing' off premises, £225 7s; writing on office furniture and fittings, £209 2s; staff benefit fund contribution, £750; investments fluctuation account, £1000: carry forward to next year (subject to income tax for the year just ended) £3387 4s 3d. During the year the Hon. W. Downie Stewart was appointed as an additional director. Messrs. James Begg, E. G Kerr, and C. H. Hewlett, retiring directors, offer themselves for re-election.

FOREIGN EXCHANGE RATES i Closing sight rates as quoted by th: ' Bank of New South Wales, Wellington today, for buying and selling foreign currencies based on New Zealand cur rency are as follows:— ltuying. Senilis. On demand. On demand New Zealand on £ s. d. £ s. d , London—£N.Z. to £ $tg. 1 100 IJ3 10 0 121 8 S Australia—£ A to £N'.Z. I JOO 101 0 0 100 10 ( Fiji— £Flo £N.Z., 100 . !)0 ' ti S» 0 ( I New York—Dollars to £N.Z. 1 4.05% 4,01',j , Montreal—Dollars to £ | N.Z. 1 407 4.03% > Austria —Schillings to £ N.Z, 1 — 21.01 ; Belgium—Belgas to £ N.Z. 1 ••••— 2 3- OjS , Czechoslovakia—Crowns 1 to £N.Z. 1 — 96.15 Denmark—Kroner to £ N.Z. 1 15.203 17.903 France—francs to £ N.Z. 1 — 60.38 Germany—Rcicbmarks to £N.Z. 1 — 9-OIJ , Holland—Florins to £ > N.Z. 1 - 5.901 Java—Florins to £N.Z. 1 — 0.800 Norway—Kroner to £ N.Z. 1 18.243 13.003 Sweden—Kronor to £ N.Z. 1 13.842 15.49T Switzerland —Francs to £N.Z. 1 - 12.318 Noumea —Francs to £ N.Z. 1 - 59.43 Papeete—Francs to £ N.Z. 1 — 59.58 . Hong Kong—N.Z. penco to 1 dollar 18 31-04 20 3-04 India a,:i Ceylon—N.Z. pence to 1 rupee .... 22 3-61 ■ 22% Japan—N.Z. pence to 1 yen — 37 11-1 Shanghai—N.Z. penco to i dollar 17 18 33-6 Singapore—N.Z. pence to 1 dollar . 34 15-04 35 15-3 The above rates are for on demani transactions. The £1 is £1 in Ne\ Zealand currency. The rates are sub ject to alteration without notice. Based on the figures quoted by th< Bank of New South Wales the Nev Zealand pound, compared with it original par value, is equivalent. I approximately:— £ s. d. 0* lfi 1 in London. 10 1 iu Australia. 0 IS s<i in U.S.A. 0 16 6'/4 in Canada. 0 9 9Vs i" France. 0 9 BV3 In Germany. 0 9 S',i in Java. 1 ? il'i in Japan. DIVIDENDS DUE. Rotoltl Timber—pref. 5 per cent, per annum June Perpetual Forests—final 4 per cent. June N.Z. Breweries —final 4 per- cent June : Walhl Grand Junction—4d per share June ] Bank of New Zealand —final. Is per share or 10 per cent, per annum Juno 1 Broken Hill South—2s Cd per share June : National Timber—flnal 2% percent. .. June . Oamaru Woollen—interim 2% per cent June ! Gisborne Gas—l ! i per cent June Hume Steel—halt-yearly pref. at per cent, per annum June 1 Gordon and Gotch —half-yearly ord. at 12 per cent, per annum; pref. at 8 per cent, per annum .... June ' Mount Lyell—lnterim Cd per share .. June : Farmers' Trading Co., Aucklandfinal ord. 5 per cent June 1 North Broken Hill—2s 6d per share and bonus of Is per share Juno : ), Morris, Hcdstrom —flnal 2% per cent., i- making 5 per cent, per annum .. June : British Tobaccos-quarterly, 1% per ' cent Juno 'j National Mortgage—interim 5 per cent. u per annum J u 'y f- Zinc Corporation—2s 6d on pref. and ord., making 4s 6d for the year, and first half fixed rum. dividend of 2s on pref., all dividends English currency, less income tax .. July Bulolo—interim 1 dol. 40 cents Ju y Placer Development—lnterim. DO cents July .1 National Banlc of N.Z.—final 2 per cent., making 4 per cent, per annum in sterling, free of tax July 2. Kingsford Smith Air Service, Lt< Sydney, has decided to increase 1 capital from £ 10,000 to £ 50,000.