STOCK EXCHANGES.

New Zealand Herald, Volume LXVIII, Issue 21043, 30 November 1931, Page 5

STOCK EXCHANGES.

SATURDAY'S SALES. RETURN ON INVESTMENTS. Following 3s a list of Saturday's transactions on New Zealand Stock Exchanges. In the second column is given the return, based on the last annual divided, from investment at the quoted price. In the case of Government and other redeemable securities the roturn includes redemption. In calculating the returns on shares in companies which pay their dividends outsido New Zealand exchange rates, being liable to fluctuation, have not been taken into consideration. The first column gives the figures at which the sales were made:— AUCKLAND EXCHANGE.

GOLD STILL HIGHER. LONDON PRICE £5 16s 6d. SILVER ALSO FIRMER. (Received November 29, 5.5 p.m.) LONDON. Nov. 28. Gold is quoted to-day at £5 16s 6d an 07,. compared with £5" 14s 2d on Thursday. Silver is quoted at 191-8 spot and 19 5-16 forward, compared with 18 9-16 and 18 7-lb on Thursday. FOREIGN EXCHANGES. STERLING AGAIN WEAKER. British Wireless. RUGBY, Nov. 27. The following rates on foreign exchanges were current yesterday, compared with the cabled quotations .on November 25 and par: —

STERLING AT MONTREAL. DECLINE OF SIX CENTS. (Received November 29. 5.5 p.m) MONTREAL, Nov. 28. Sterling is quoted to-day at 4 dollars 7 cents, same as yesterday, compared with 4 dollars 13 cents on Thursday. CUSTOMS EXCHANGE RATES. Rates of exchange ruling at the announced date of departure of the vessels named arc 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 New Zealand, finally declared rates being marked* : Golden Coast, U.S.A.. dollars . ... *3.83 Golden Coast, Canada, dollars . . . 4.30 Port Dunedin, U.S.A., dollars .. 3.b0 Melbourne Maru. Japan, yen .. Sonoma, U.S.A., dollars . , . • 3.81 Sonoma, Honolulu, dollars . . • . Sonoma, Paso Pago, dollars .. . . Canadian Challenger, Canada, dollars 4.36 Canadian Challenger, U.S.A.. dollars 3-82 Waihemo, Canada, dollars . . . . 4.171 Waihemo, U.S.A., dollars .. •• 3.7fi Monowai, U.S.A., dollars . . • • 3.08

NEW CANADIAN LOAN. EXCELLENT RESPONSE. MONTREAL, Nov. 27. The central committee which is handling the 5 per cent. National Service loan of £30,000,000 issued a statement to-day that the first four days' sales realised £.20,200,000. It is expected that on the conclusion of the campaign on December 12 the loan will have been heavily oversubscribed.

NEW COMPANIES. SOUTHERN REGISTRATIONS. The following new companies have been registered in Southern centres: — PUBLIC. Orion Gold Reefs Syndicate, Ltd., Christ church, to carry on all kinds o£ business in relation to mining for gold and other precious minerals. Capital, £2700 in 27 shares of £IOO each. Subscribers: R. H. Hill, 2 shares, E. W. Reeves, L. R. Ower, G. K. Ower, F. Druiy, G. Pannell, 1L R. Young, 1 share each. PRIVATE. Hmdiriarsh, Ltd., Tort Ahuriri, general merchants, importers, etc. Capital, £5250 in £1 shares. Subscribers: 11. S. Hindlnarsh, 2500 shares; C. McLean and J. P. Sheelian, 1000 shares each; D. H. Newfoigin, 500 shares; G. A. Graham, 250 shares. Macrae's Gold Mining Company, Ltd., Dunedin, to acquire mining rights, areas and claims, and to seek gold or other metals. Capital, £4OOO in £1 shares. Subscribers: R. Moen, 600 shares; A. S. Grigg and A. B. Callick, 500 shares each; R. 11. Stevenson, W. D. Lambert and R. F. McKenzie, 400 shares each; L. H. Flapwell, A. J. Cooper, A. R. Lambert and J. H. Lambert, 300 shares each. Lower Hutt Amusements, Ltd., Wellington, theatre proprietors, etc. Capital, £3OOO in £1 shares. Subscribers: Kemball Theatres, Ltd., and Theatre Investments (Wellington), Ltd., 1500 shares each.

Zealandia Footwear Company, Ltd., Christchurch, boot and shoo manufacturers, etc. Capital, £2500 in £1 shares. Subscribers: W. T. Claridge, B. A. Fros-tic-k, S. Jnckman, A. C. Large, R. Moorfield, A. P. G. McLeod, J. A. Budge, J. Sinclair, S. A. Scouse, R. E. Wheat.ley, 250 shares, each.

BANK HOLIDAY. Auckland banks will be closed to-day, St. Andrew's Day. Usual hours will be observed by the banks on Wednesday, election day.

Return on Sale Price. Investment. Bonds, 1037, 5i £ 8. d. £ s. d. 98 10 0 5 16 0 Ditto 08 7 (5 5 1(5 G Ins. Stir., 1933, 51 . 97 10 0 G 12 8 Ditto, 19.'i7, fii 98 5 0 5 17 1 Nut. IiiRiininco 0 13 0 5 16 2 Goldsbrougli-Mcrt 1 3 U 4. 6 G Ditto 1 3 2 4 6 4 Farmers' Trading . 0 5 11 10 16 4 Waihi Grand June 0 3 6 9 10 6 Mount Lyell 0 19 9 5 13 CHRISTCHURCH EXCHANGE. Ins. Stk„ 19.36, 5J . 98 10 0 5 16 0 Union Bank 8 0 0 4 7 6 Tooth's Breweries 1 0 1 7 19 5 Dunlop Rubber (2) 0 11 3 4 7 0 Mount Lyell , . 0 19 10 5 0 10 The following sales n Iso took place :— New Zealand Refricerati ns (con.), 4s 6d (2) ; Mahnkipawa. 4{il (2); Okarito, 10s (5); Golden Point, 7d (4)

Nov. 20. Nov. 25. Par. Montreal, clol. .. 4,075 4.095 4.866 New York, dol. . — 3.58 4.866 Paris, fr. 02.515 91 9-16 124.21 Brussels, belga .. 25 5-16 25.75 35.00 Geneva, fr. 18.15 18 9-10 25.22 Amsterdam, £1. 8.755 8.925 12.10 Milan, lire 08.5 09.75 92.46 Berlin, r.m. 14 13-10 155 20.43 Stockholm, kr. .. 18 3-10 IS j 18.159 Oslo, kr. 183 18 11-16 18.159 Copenhagen, kr. . 18.25 18.25 18.159 Vienna, sch. 29 29 34.585 Prague, kr. 119 121 24.02 Helsingfors, mark 193 194 129.23 Madrid, pes. 42 42.5 25.225 Lisbon, escu. 1091 109J 4§ Athens, dr. _ .. 272.5 285 375.00 Bucharest, lei. .. 590 600 25.225 Rio de Janeiro, mil. 4 4 5.899d Buenos Aires, dol. 38.5 35| 47.57d Montevideo, dol. 27 i 28 47.57d Bombay, rupee .. 18 5-64 18 7-32 ISd Shanghai, tael .. 21 11-16 211 — Hongkong, dol. . 16 7-16 16 — Yokohama, 5 - en . 34.25 32.75 ' 24.58d Batavia, fl. — 9.09 12.10 "