STOCK EXCHANGES.

New Zealand Herald, Volume LXVIII, Issue 21037, 23 November 1931, Page 5

STOCK EXCHANGES.

SATURDAY'S SALES. • RETURN ON INVESTMENTS. Following is a list of Saturday's transactions on New Zealand Stock Exchanges. In thp second column is given the return, based on the last annual dividend, from investment at 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 puy their dividends outside New Zealand exchange rates, being liablfe to fluctuation, have not been taken into consideration. Tho first column gives the figures at which tho sales were made:— AUCKLAND EXCHANGE.

The following esles alao took place:Mahakipawa, 4id: Okarito, S>s Id, 9a 2d'(2), 9s 3d; Golden Dawn, 7s sd; British Tobacco, £1 4s 7d. 'lnterim dividend reduced. NEW COMPANIES. DOMINION REGISTRATIONS. The following companies have been registered in Auckland and Southern centres:— PUBLIC. New Zealand Mines, Ltd., "Wellington, to purchase, lake on lease, or otherwise maintain and improve any lands, hereditaments and property, etc.- Capital, £SOOO in 500 shares of £lO each. Subscribers: N. W. Stevens, 3 shares, E. Crow, D. M. Findlay, J. K. Goodley, D. G. Sawers, E. Rabbidge, J. E. M. Rose, G. Mitchell, C. R. J. Ward and G. J. Smith, 2 shares each, F. H. Bass, 1 share. Air Transport and Touring Automobiles of New Zealand, Ltd., Auckland, taxicab proprietors and general carriers, etc. Capital, £SOO in 100 shares of £5 each. Subscribers: Richard J. Healy, Rowland L. Hill, Charles R. Boler, Raymond A. Irwin, Lyle W. Bonney, William R. Sadgrove, Victor A. Christie and Alfred Kamsdon, 1 share each. PRIVATE. A. L. Sarney, Ltd., Wanganui, chemists, druggists, etc. Capital, £3050 in £1 shares. Subscribers: A. L. Sarney and E. P. Richardson, 1525 each. NORTHERN SHIPPING COMPANY. INTERIM DIVIDEND PASSED. An announcement that the usual halfyearly dividend of the Northern Steamship Company, Limited, will not. be paid this year was made on Saturday. "For many years it has been the custom of the company to pay a half-yearly dividend," the directors state. "Jn view, however, of the seriously depressed conditions common to all freighting to and from the country during the past winter, it has been deemed best to await the improved results already promising for the summer, and leave it to shareholders at the usual annual meeting to decide what dividend shall be paid on the year's results." Last year the company made a net profit of £4518, and paid a dividend of 7 per'eerit., against a net profit of £13,194 in 1929-30 and a dividend of 8 per cent., 'the rate paid since 1924-25. FOREIGN EXCHANGES. STERLING LITTLE ALTERED. British "Wireless. 1 RUGBY, Nov. 20. The following rates on foreign exchanges are current to-day, compared with the cabled quotations on November j 19 and par:—

STERLING AT MONTREAL. (Received November 22. 5.5 p.m.) MONTREAL, Nov. 21. Sterling is quoted at 4 dollars 22 cents, compared with 4 dollars cents yesterday. CUSTOMS EXCHANGE RATES. Rales of exchange ruling at the announced date of departure of the vessels named are shown in the following table. They are subject to confirmation by the Customs Department when the exact time of departure is learned on the arrival of the vessels in Now Zealand, finally declared rates being marked*: — "Winton, U.S.A., dollars . . . . . . 3.94 Golden Coast, U.S./V, dollars . . . . 3.53 Golden Coast, Canada, dollars . . . . 4.38 Port Dunedin, U.S.A., dollars . . 3.85 Melbourne Maru, Japan, yen . , 30id Sonoma, U.S.A., dollars . . 3.78 Canadian Challenger, Canada, dollars l.'tG Canadian Challenger, U.S.A., dollars 3.82 Waihemo, Canada, dollars . . . . 4.17J Waihemo, U.S.A., dollars . . . . 3.7G GOLD AND SILVER. LONDON, Nov. 20. Gold is quoted to-day at £5 9s 7d an 07,. compared with £5 9s Id yesterday. Silver is quoted at 18 5-16 d spot and forward, compared with 18 l-16d both positions yesterday. PUKEKOHE POTATOES. The recent prolonged spell of dry weather has adversely affected the potato crops in the Pukekohe district, and merchants report that grading is not expected to be up to the usual standard. Trices at present are firm at 12s a cwt. on trucks at Pukekohe. '

Kelurn on Sale Price. Investment. £ e d £ B d Bonds, 19133, 5J 97 10 0 6 12 8 City of Auck., 1910, 5i 96 0 0 5 16 1 Com. Bank Aus. . . 0 16 0 7 0 7 Nat. Bk. A'asia (con.) 5 0 0 Bank of N.Z. 2 9 0 .5 17 0 Robinson Ice (late sale Friday) . . . 0 17 0 9 8 3 Wilsons Cement (late sale Friday) . 1 16 6 6 17 0 WELLINGTON EXCHANGE. Colonial Sugar 36 10 0 C 17 0 Wilsons Cement 1 16 6 6 17 0 Waihi 0 15 4 13 0 10 CHRISTCHURCH EXCHANGE. Bonds, 1937, 5J 98 12 6 5 15 6 Union Bank . . 8 1 0 4 7 0 Goldsbrough-Mort 1 2 5 4 9 3 Ditto 12 4 4 9 7 N.Z. licfrig. (10s paid) I (8) 0 4 3 N.Z. Breweries 1 9 10 « Ditto 19 8 » Tooth's Brewery 10 2 * Dalgety . . 8 2 6 4 6 2 British Tobacco (2) 14 9 Ditto 1 4 6 • Mount Lyell . . 0 19 3 5 3 11

Nov. 20. Kov. 19. Par. Montreal, dol. .. 4.25 • 4.23 4.866 New York, dol. . 3.74 3.70 4.866 Paris, fr. 95 J 96 i 124,21 Brussels, belga .. 27 271 35.00 Geneva, fr. 19.25 19 15-32 25.22 Amsterdam, fl. .. 9.32 92 12.10 Milan, lire Berlin, r.m. 721 73 92.46 15.75 15 13-16 20.43 Stockholm, kr. 18.5 183 18.159 Oslo, kr. 18.5 382 18.159 Copenhagen, kr. . 18.5 18 7-16 18.159 Vienna, sch. 28 28 34.585 Prn'-ue, kr. 126 127 24.02 Helaingfors, mark 193 193 129.23 Madrid* pes. 44 44.14 25.225 Lisbon, escu. 1001 109J 4£ Athens, dr. _ .. 305 305 375.00 Bucharest, lei. .. (i30 632.5 25.225 Bio de Janeiro, mil. 3 1S-1G 3 15-16 5.899d Buenos Aires, dol. ■38} 28 37,25 47.57d Montevideo, dol. 28 • 47.57d Bombay, rupee . 18J .18 5-32 18d Shanghai, tael .. 211 20 31-32 — 'Hongkong, dol. . 16.6 15 29-32 — Yokohama, yen . 31 31.5 24.58d