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STOCK EXCHANGES.

YESTERDAY'S SALES.

RETURN ON INVESTMENTS.

Following is a list, of yesterday's transactions on New Zealand Stock Exchanges. In the second column is given the return, based on the last annual dividend, from investment afc the quoted price. In the case of Government and other redeemable securities the return includes redemption.' In calculating the returns on shares in companies which pay their dividends outside New Zealand exchange rates, being liable to fluctuations, have not been taken into consideration. The first column gives the figures afc which the sales were made:—

SYDNEY WOOL SALES.

market remains firm.

MORE DEMAND BY JAPAN

(Received September 2, 9.15 p.m.)

SYDNEY, Sept. 2,

At the wool sales to-day 10,166 bales were offered, and 7572 were sold at auction. Also 6808 bales were sold vately. The market was firm at the former levels, of the week, with increased demand by the Japanese. Faulty lines were irregular and hard to quit. Greasy Merino made up 12^d.

THE LONDON MARKETS.

foreign exchanges.

HONGKONG DOLLAR FALLS

British "Wireless

RUGBY, Sept. 1.

The following rates on foreign exchanges are current to-day, compared with the cabled quotations on August 25 and par-

SYDNEY STOCK EXCHANGE.

BANK'S SHARES IN DEMAND

(Received September 2, 9.15 p.m.) SYDNEY, Sept. 2

On the Sydney Stock Exchange the demand for Australian Bank of Commerce shares continues brisk to 16s. Steady rates ruled for other banking securities.

BEEF FOR BRITISH ARMY.

SUPPLY FROM DOMINIONS.

LONDON, Sept. 1

Four firms, which all supply Australian and New Zealand frozen beef, have obtained the War Office half-yearly contract for 6000 tons.

GENERAL MOTORS-HOLDENS, LTD.

PREFERENCE DIVIDEND PASSED

The directors of General Motors— Holden's, Limited, advise that they have examined the results of trailing to Juno 30, and have decided to recommend to shareholders at tlie annual meeting on November 2 that the dividend on preference shares, due on September 7, should not be paid. GERMAN BANK RATE. REDUCTION TO 8 PER CENT. ■» BERLIN. Sept. 1. The German bank rate has boon reduced from 10 to 8 per cent. , LONDON STOCK EXCHANGE. LONDON, Sept. 1. The following are included in to-day s quotations on tlio London Stock Exchange;— Bank of Australasia, £7; Bank of New South Wales, £2l, ex dividend; Union Bank, £5 7s 6d; National Bank of New Zealand, 60s; Bank of Now Zealand 4 per cent, guaranteed stock, £95 10s; shares, 46s 3d; New Zealand Loan and Mercantile Agency. Company, Limited, debentures, £63; ordinary stock, £4O. PRICES AT WAIOTIRA. [from our own correspondent.] WHANGAREI, Wednesday.

The New Zealand Loan and Mercantile Agency Co. report:—On Tuesday we held our opening sale at Waiotira n_nd a fair yarding was satisfactorily disposed of. Quotations:—Dairy cows, fair, £5 to £5 17s 6d; backward and inferior, £3 5s to £4 _10s; prime ox, extra heavy, £ll 5s to £l2: light unfinished, £6 15s; heavy prime cows, £(> 7s to £6 15s; lighter, £5 Is to £5 6b; 4-year store bullocks, £4 10s.

AUCKLAND EXCHANGE. lieturn on Sale Price. Investment. £ a. d. £ s. d. Govt. Bonds, 1937, 5J. 96 0 0 G G 4 Com. Bank Aus. 0 13 G 8 G 8 Bank of N.Z. (2) . . 2 4 3 G 9 9 Ditto (2) 2 4 C G 9 2 South British Insur. . 2 10 G 5 5 7 Westport Coal 13 6 * Auckland Gas 13 0 G 19 2 Farmers' Fertiliser . . Robinson's Ice 0 10 0 — 0 1G 6 9 13 11 The following sale also took place:— Cornish Point, 7jd. WELLINGTON EXCHANGE. Bank of N.Z. 2 4 2 G 9 10 Ditto 2 4 0 G 10 4 South British 2 10 0 5 G 8 Westport Coal 1 3 7i * The following sale also took place:— Bank of New Zealand, £'2 4s 3d. CHRISTCHURCH EXCHANGE. \ Ins. Slock, 1937, 5i .. 95 12 G G 7 11 Ditto . . t • • 95 0 o 6 10 7 Ditto. 1933. 51 97 12 G li 1G 4 Govt. Bonds, 1937, 5J 95 15 0 6 7 4 Ditto 95 18 G G G 9 Com. Bank of Aus. 0 13 5 8 7 8 Ditto (2) o 13 <; 8 0 9 Bank of N.Z. (2) ,. 2 4 0 6 9 2-Goldsbrough-Mort .. 0 18 1 5 10 \1 N.Z. Guar. Corp. 0 4 9 • Ditto 0 4 10 Mount Lyell . . 0 16 9 " r Tho following sales also took place:— Beath and Company (Is paid), 2s 2d; Oarninh Point. 6d: King Solomon, 2a 5d (2): Okarito. 9a 7d, 9s 6d (4), 9s- 5d; Golden Point (Is paid). Is 2|d (4). DUNEDIN EXCHANGE. Bank of N.Z. 2 4 0 6,10 4 Ditto 2 4 3 6 9 9 * Interim dividend reduced.

Sept. 1. Aug. 25. Par. Montreal, dol. .. 4.87 13-15 4.87 7-16 4.856 New York, dol. . 4.86 5-32 4.85 15-16 4.8G6 Paris, fr. 123.97* 123.955 124.21 Brussels, belga-.. 34.88 34.82 35.00 Geneva, fr. .. 24.97 24.94 25.22 Amsterdam, fi. .. l£05J 12.045 12.10 Milan, lire ». 92.925 92.9 92.46 Berlin, r.m. 20.505 20.495 20.43 Stockholm, kr. .. 18.1G 18.15} 18.159 Oslo, kr. 18.175 18.17} 18.159 Copenhagen, kr. , 18.175 18.17} 18.159 Vienna, sch. 34.6 34.6 34.585 Prague, kr. 164 & 164 24.02 Helsingfors, mark 193 3-1G 1931 129.23 Madrid, pes. 53.05 54.75 25.225 Lisbon, escu. no 110 4 J Athens, dr. .. 375 375 375.00 Bucharest, lei. .. 817 817 25.225 Bio de Janeiro, mil. 3 1-32 3 3-32 5.899H Buenos Aires, dol. 312 31 i 47.57a Montevideo, dol. 22 20 l 47.57d Bombay, rupee .. 17} 17} lSd Shanghai, tael .. Hongkong, dol. . 141 141 — 7 1 111 — Yokohama, yen . 24 13-32 24 13-32 24.5Sd Batavia, fl. — 32.05i 12.10

Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/NZH19310903.2.11.2

Bibliographic details

New Zealand Herald, Volume LXVIII, Issue 20968, 3 September 1931, Page 5

Word Count
922

STOCK EXCHANGES. New Zealand Herald, Volume LXVIII, Issue 20968, 3 September 1931, Page 5

STOCK EXCHANGES. New Zealand Herald, Volume LXVIII, Issue 20968, 3 September 1931, Page 5

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