STOCK EXCHANGES.

New Zealand Herald, Volume LXVIII, Issue 21029, 13 November 1931, Page 5

STOCK EXCHANGES.

YESTERDAY'S SALES. RETURN ON INVESTMENTS. Following is a list of yesterday's transactions on New Zealand Stock Exchanges. In i lie second column is given the return, based on the List annual dividend, from investment, at 11 to quoted price. In the case, of Government and other redeemable securities the return includes redemption. 111 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. 'J he first column gives the figures at which the sales were made:—

DAIRY PRODUCE MARKET

WEAKENING IN PRICES. COMPETITION FROM AUSTRALIA. Cabling its New Zealand house, W. Wed del and Company, Limited, state that after a month of steady values for New Zealand butter on the London market, the decision at the, British election resulted in a strengthening of the market and a general wave of confidence in practically ail trades. The benefit, so far as butter was concerned, had been offset by cheaper offerings of Australian butter and now the market was weakening on that account. Australian was being freely offered for November shipment, at 105s c.i.f.e. Supplementing its principal's report., A. 11. Turnbull and Company, Limited, states that the demand for butter was somewhat quieter and most of the larger buyers were only operating from hand to mouth. There had been very little forward inquiry during the past month, although some buyers had been available at around about Is f.o.b. for NovemberDecember shipment. The stock position of New Zealand butter in London was satisfactory, but the estimated arrivals during November-December and January showed an increase of about 4000 tons over last year. It was hoped that the additional quality would be absorbed without any great weakening in prices. The cheese market hacl" been fairly steady throughout the month, and that had been assisted by the fact that Canadian offers had been on a much higher level, due to the exchange position. The quantities of cheese afloat had been below normal and estimated arrivals during No-vember-December and January would be about, 3000 tons less than for the 6ame period last year.

The New Zealand Loan and Mercantile Agency Company, Limited, has received the following cablegram from London, dated November ll:—Butter, 114s to 116s. The market is very slow. Cheese: White, 67s to 68s: coloured, 66s to 675. The market is steady.

FOREIGN EXCHANGES. STERLING SLIGHTLY EASTER. (Received November 12, (5.5 p.m.) BriHph Wireless. RUGBY. Nov. 11. The following rates on foreign pxcha nges are current today, compared with ihe cabled quotations on November 10 and par:—

GOLD AND SILVER. (Received November 12. fi.S p m ) LONDON, Nov. 11. Gold is quoted at. £5 Os an ounce, compared with £5 8s 9d yesterday. Silver is quoted at 21 Jd spot an'] 20|d forward, compared with 21 0 16d and 20fd. DISPOSAL OF TALLOW. Dalgety and Company, Limited, report that, tallow sold in New Zealand during October totalled 135 tons.

CALL AND DIVIDEND LIST. Dividends— Duo Bnrns-Philp, Ltd.—interim, a p.c. Nov. 16 National Insurance—final, Stl a share . . Nov. 21 Dslgoty—final, 4s a, share . . Nov! 24 N.Z. Paper Mills—interim. 3 p.c". Nov. 24 Le.yland-O'Brien Timber final, scl a. .share .. .. ... Nov. '25 National Bank of Australasia—interim. 3 p.c. Nov. 25 Wilsons Cement—interim. Is a share _ . . . . . . . . Nov. 26 Australian Glass Co.—interim, 3 p.c. ord., 4k p.c. pref. . . Dec. 1 Henry Jones. Ltd.—final, Od a share Dec. ] Bank of New Zealand—interim, la 4d n. share . . . . . . Dec. fi North Broken Hill, Ltd.—2s a share Dec. 14 Mount Lvell—final. 6d a dhare Dec. 21 P. and O. —final, p.o. .. Deo.

AUCKLAND EXCHANGE. Return on Sale Piirc. Investment. £ e. d. £ p. cl. Bonds, 1037, 5} . . DO 5 0 5 13 0 Alt. Har. Bel.. '47. 54 DO 10 0 5 10 11 Mt. Albert. 1959. fi . . 100 0 0 6 0 0 Bank Australasia. . . 9 12 6 Com. Bank. Ausf,. .. 0 16 9 6 14 4 Bk. of N.S.W. (late Wednesday) . . 20 0 0 • Bank of !N.Z. .. 2 9 6 5 15 10 1 "nion Bank . . . . 8 0 0 4 7 6 Sth. Brit. Insce. .. 2 14 0 4 13 8 Ditto . . . ..2143 4 18 4 GoldsbrougVi-Mort . . 1 3 fi 4 5 1 Aurk. Gas (mn.) . , 0 17 2 6 19 9 N-Z. Breweries .. 1 13 fi 7 9 3 Tooth's Brewer? . . 10 fi Colonial Sugar (3) . . 37 n 0 6 15 2 TClec. Zinc (pref.) 0 19 105 Farmers' Trading .. 0 fi 2 10 7 7 Iht to CB pref.) . . 0 12 fi 7 16 9 Milne & Ohoyce (deb.) 0 IS 0 6 13 4 Robinson's Ice Cream 0 17 0 9 8 3 Wnihi (2) . . . . 0 15 0 13 6 8 Ditto . . . . 0 15 1 13 4 5 Mount, Lyell . . . . 10 6 4 17 7 The following pales also took place ._ Farmers' Trading, B pref.. 12s i Sd (late Wednesday); Sharland and Company, (* f | lis WELLINGTON EXCHANGE. N.Z, Breweries . . 1 13 3 7 10 5 N.Z. Guar. Corp. .. 0 5 11 7 0 10 CHRISTCHURCH EXCHANGE. Bonds, 1937, 5J (3) 99 10 0 5 12 0 Insc. Stk.. 1933, 5J . 90 0 0 6 0 11 Ditto . . . . 98 17 fi' 6 2 4 Com. Bank Ausf. (2) 0 17 0 6 12 4 Nat. Bank Aust'asia (con.) (1) .. 5 2 6 * Ditto .. .. 516 • Goldsbro.-Mort (2) . 14 0 4 3 4 .Ditto _ .. .. 1 3 10 4 4 0 N.Z. Refric. (10s pd.) . (3) , . . . 0 4 10 Christchurch Gas (10s Paid) .. .. 0 12 0 8 13 4 Woolworths (N.Z.) (pref.) (2) . . . . 14 9 7 5 5 The following sales also took place National Bank of Australasia (con. ). £5 C'ts • Golden Dawn, 6s fid, 6s 5d: Mahakipawa. 5§d; Okarito, 9s 9d. DUNEDIN EXCHANGE. Nat. Bnnk N.Z. .. 4 13 0 5 7 6 Nat. Insurance . . 0 13 1 5 It 8 Mount Lyell .. .. 110 4 15 3 The following sales also took place Kildare, Is 7d; King Solomon (2), la lid: Okarito, 9b Od. * Interim dividend reduced.

Nov. 11. Nov. in. Par. Montreal, del. 4.2(15 4.235 4.866 New York, dol. . 3.795 3 82 4. $66 Paris, fr. or>. 5 07 3-16 124.21 Brussels, .. 27 .3-16 271 35.00 Geneva, fr. 10 7-16 10.5 O) Amsterdam, fi. .. o 7-i6 0.5 12,10 Milan. lire 73? 73.75 02.46 Berlin, r.m. 16 1-16 16 1-16 2(1.43 Stockholm, kr. .. 17 13-16 17 13-16 IS. 150 Oslo, kr. 17< T7i 1 S.I 50 Copenhagen, kr. . 17.75 17J IS.150 Vienna, srh. 2$ 34.5S5 Prague, kr. 12$ i 24.02 Helsingfors. mark 101 fi 103.5 120.23 Madrid, pes. 43.5 43! Lisbon. escu. inn.75 100 75 " 41~ Athene, dr. 315 375'on Bucharest. lei. . , 632 5 635 25.225Rio de Janeiro, mil 3 15-16 3 15-16 5 fiOOd Buenos Aires, dol. 30 3$ 47 57 r| Montevideo, dol. 2« 475"'d 1 i^r} Bombay, rupee . 1SJ IS j Shanghai, tnel .. 22 i Honekone, Hoi. . 17 Yokohama, yen . 31 i 30; 24.5Sd;