STOCK EXCHANGES.

New Zealand Herald, Volume LXVIII, Issue 21049, 7 December 1931, Page 5

STOCK EXCHANGES.

SATURDAY'S SALES. RETURN ON INVESTMENTS. Following is a list of Saturday's transactions on Now Zealand Stock Exchanges. In the second, column is given the return, based on the last annual dividend, from investment at the quoted price. In tho 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 liablo to fluctuation, have not been taken into consideration. Tho first column gives the figures at which the sales were made:— AUCKLAND EXCHANGE. Return on Sale Price. Investment. ii a (I in ct Waihi 0 ]<; a 32 0 3 WELLINGTON EXCHANGE. Wai hi oh; 31 12 5 7 Dilln 0 111 4 12 4 11 CHRISTCHURCH EXCHANGE. Clirli. Tramways, '3l, U 96 10 0 5 16 1 Com. Rank Aust. . . 016 2 619 2 Nat. 73k. A'asia (con.) 5 10 * Union jßnnk .. .. 716 0 4 9 8 Colonial Sugar .. 36 15 0 616 1 (!oldsbrough-Mort ..126 + Tooth's Brewery . . 110 712 5 Ditto 113 7 10 7 British Tobacco ..163 * Tho following sales also took place:—Kins Solomon, Is KM, Is lid (2); Golden Point, sid (4). "Interim dividend reduced. ■(lnterim dividend deferred. NOTE CIRCULATION. BANK OF ENGLAND RETURN. CHRISTMAS CURRENCY DEMANDS. LONDON, Dec. 4. A feature of this week's Bank of England return is tho increase in the note issue of £4,056,771, whereas for tho corresponding period last year, which included an extra day, the amount was double, namely, £8,080,000. It is too early to form an opinion of tho extent of the Christmas currency demands, but appearances indicate a possibility of withdrawals being restrained in view of the January income tax demands Usually £20,000,000 to £25,000,000 is withdrawn a few weeks before Christmas and returned to tho banks in tfie middle of January. The note circulation for the week ended December 2 was £358,457,650, compared with £354,400,879 for the previous week. FOREIGN EXCHANGES. STERLING AGAIN WEAKER. Britisli Wireless. RUGBY, Dec. 4. The following rates on foreign exchanges were current yesterday compared with the cabled quotations on December 2 and par:— Dec. 3. Dec. 2. Par. Montreal, dol. .. 3.90 3.92 4.866 New 'York, dol. . 3.331 3.36J 4.866 Paris, fr. .. 85j 86 124.21 Brussels, belga .. 24 26.25 35.00 Geneva, fr. .. 17i 17 9-32 25.22 Amsterdam, fi. .. 8 9-32 8 11-32 12.10 Milan, lire .. 65.75 65} 92.46 Berlin, r.m. .. 14 3-16 14 3-16 20.43 Stockholm, kr. .. ISi 38 3-16 18.159 Oslo, kr. .. 15.25 18.25 15.159 Copenhagen, kr. . 181 18 3-16 18.159 Vienna, sell. .. 28 29' 31.585 Prague, kr. .. 113 111 21.02 Helsingfors, mark 192.5* 192.5* 129.23 Madrid, pes. .. 40 40.5 25,225 Lisbon, escu. .. 1095 109} 41 Athens, dr. .. 235.5 2621 375.00 Bucharest, lei. .. 560 570 25.225 Rio de Janeiro, mil. 4.25 4.25 5.899 d Buenos Aires, dol. 40.75 40.75 47.57 d Montevideo, dol. Bombay, rupee .. 181 18 3-32 18d Shanghai, tael .. 22 9-16 22 17-32 Hongkong, dol. .. 16 29-32 1615-16 Yokohama, yen . 35.5 35.5 24.58 d 'Sellers. CUSTOMS EXCHANGE RATES. Rates of exchange ruling at tho announced date of departure of tho 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 tho vessels in New Zealand, finally declared rates being marked*:— Canadian Challenger, Canada, dollars 4.36 Canadian Challenger. U.S.A., dollars 3.82 Waihemo, Canada, .. 4.17} Wnihemo, U.S.A., dollars .. .. 3.76 Monowai. U.S.A.. dollars . .. 8.58 Tisnaren. Canada, dollars . . .. 4.23 Tisnaren, U.S.A.. dollars .. .. 8.41 Canadian Transporter. Canada, dollars 4.17 Golden Cross. Canada, dollars . . 4.175 Golden Cross. U.S.A.. dollars . . 3.391 Ventura, U.S.A., dollars 3.58

HEMP AND TOW RETURNS. INCREASES DURING NOVEMBER. 1 lie quantitcs of hemp and tow graded last month for export from New Zealand were substantially greater than the amounts graded in November, 1930. The returns for last month issued by the chief hemp grader, Mr. W. Petrich, show that 1247 bales of hemp were graded, as against 1112 bales in the previous November, an increase of 135 bales. Of the total, 770 bales were graded in Wellington, 286 in Bluff. 102 in Auckland, 68 in Blenheim, and 21 in Picton. The grading was as follows:—Good fair, 120 bales (9.62 per cent, of the total); high fair, 285 (22.86 per cent.); low fair, 464 (37.21 per cent.); common, 162 (12.99 per cent.); rejected, 216 (17.32 per cent.). The quantity of tow graded was 335 bales, compared with 297 bales in November, 1930. an increase of 38 bales. Of last month's total, 113 hales were graded, in Bluff, 116 in Wellington, 88 in Blenheim and 12 in Picton. Details are as follows: —First grade, 12 bales (3.58 per cent.) ; second grade, 207 (61.79 per cent.) ; third grade, 102 (30.45 per cent.); condemned, 14 (4.18 per cent.). WELLINGTON BUILDING SOCIETY. DIVIDEND OF 7 PER CENT. The Wellington Permanent Building Society for the year ended November 10 shows a net profit of £4735, an increaso of £729. Adding the amount brought forward from the previous year, there was available £4898, out of which an interim dividend amounting to £1856 was paid,, leaving £3042. A further dividend of per cent, has been paid, making 7 per cent, for the year, £IOOO has been placed to reserve and the balance of £77 carried forward. Tho loans on mortgage total £114,097, having been increased by £2743 during tho year. The liabilities are:—Due to depositors, £50,999; creditors, £925: and duo to bank, £36. The reserve fund stands at £ISOO. The capital is divided into A shares £51,873, and < B shares £5726. CHEAPER POTATOES. An increased supply of new season's potatoes at I'ukckohe has resulted in lower prices. On Saturday the price quoted was £8 15s a ton on trucks for to-day's deliveries..