STOCK EXCHANGES.

New Zealand Herald, Volume LXIX, Issue 21114, 23 February 1932, Page 5

STOCK EXCHANGES.

YESTERDAY'S SALES, RETURN ON INVESTMENTS. following is a list of yesterday's transactions on New Zealand Stock Kxcbanges. In (lie stcond column is given the return, bused on the last annual dividend, from investment at Iho quoted price. In the caso ot Government and other redeemable securities tho return includes redemption. in calculating llio returns on shares in companies which pay their dividends out 2 -side New Zealand exchange rates, being lt.ible to fluctuation, have not been talcon into consideration. ' Tho first column gives tho figures at which 11 its sales were made : AUCKLAND EXCHANCE. - Return on bale Price. Investment. ti i JS b d X b <i Bontla 10,57, 51 . . <)!) 5 0 5 13 (', Ins. .Stock, 10:)7, 5 J ;)!) 5 0 5 I' 3f! I , D| . U " . AT • • 90 a(J 514 1 Ini nk of N.S.W. . . 25 15 0 * Australinn Glass .. 1 9 (> 4 14 I'mnnorn' Trading .. 0 5 (i II 12 0 \\ aihi Junction . 03 9 817 9 CHRISTCHURCH EXCHANGE. Com. Bunk Bank of N.Z. . . '2 4 9 G 8 1 vmstport-Stockton ..0 0 7 Alt. Lyell l 2) ..1 0 0 5 0 0 The following sales also took plnce.— Golden Dawn, (is, Ca Id (3); King Solomon, Is 0 2 d (12); Okurito (cum div.), 9s 7d (2). WELLINGTON EXCHANGE. Tna. Stock, 1937, 5i . 99 0 0 5 14 8 Bank of N.Z . . 2 4 9 0 8 1 The following sale also took place:— Inscribed Stock, 1933, 55, £9B 15s. DUNEDIN EXCHANGE. Bonds, 1937, 51 . . 93 12 6 5 11 7 Hank of N.Z. . . 2 4 8 ('>B 3 "Interim dividend reduced. tlnterim dividend pasued. DOLLAR EXCHANGE. DOMINION RATES REVISED. COMPARISON OF QUOTATIONS. Current dollar exchanges as quoted by the N'nw Zealand banks yesterday are as under, compared with previous quotaI ions - U.S. DOLLARS TO £1 N.Z. Jan.'Jo. Feb. 3. Feb. 15. Feb. 22. Buying.. 3.51 ,",.55 3.54 3.55 Selling .. 3.31 3.35 3.34 3.35 CANADIAN DOLLARS TO £1 N.Z. Buying.. 4.11 4.05 4.08 4.04 Selling . . 3.91 3.58 3.84 REDUCED BANK RATE. LONDON PRESS COMMENT. FURTHER FALL ADVOCATED. LONDON, Feb. 21. The Sunday newspapers optimistically comment- On the reduction in the bank rate. They state the reduction is an indication that the crisis has passed. Tho Observer advocates a further reduction of 1 per cent, to encourage industrial enterprise. The Sunday Times says the bank rate will have to full further before a big conversion of war loan stock is possible. If the income tajt were lowered, the prospects of successful conversion would be greatly improved.

AUSTRALIAN EXCHANGES. SYDNEY MARKET QUIET. (I'i'ceivecl February 22, 9.15 p.m.) SYDNEY, Feb. 22. T!io Sydney Stock Exchange is quiet. Commonwealth bonds are irregular. Closing sales were:—Four per cents., 1938, £94 15s; 1941, £93 ss; 1944, £93; 1947, £92 ss; 1953, £9l 7s 6d; 1959, £9l 17s 6d. Other sales were:—Bank of New South Wales, £3O; Colonial Sugar, £44 ss; Australian Gas, A shares, 106s 6d; Burns-Philp, 39s 9d; United Insurance, £8 15s; Commercial Bank of Sydney, £l6 ss; Toohey's Breweries, 17s 9d; Toohey's securities, prof., 20s 6(1; Tooth's Breweries, 26s 6d; British Tobacco, 29s 9d; Australian Glass, 33s 9d; Goldsbrough-Mort, 25s 9d; Electrolytic Zinc, pref., 245; Standard Cement, 7s 6d; Robert Harper, 32s 6<l: Broken Hill Proprietary, lfis Sulphide Corporation, 10s Bd. Melbourne rales were:—British Tobacco, 29s lOjd ; Electrolytic Zinc, 15s 3d; Dun-lop-Perdriau, 12s 2d; Broken Hill South, 43s 6d; Mount Lyell, 22s 7j,d.

FOREIGN EXCHANGES. STEADINESS OF STERLING. ISritlsli AVirolcss. 11UGBY, Feb. 20. Tito following rates on foreign exchanges were current yesterday, compared with the cabled quotations on February 18 and ]>ar: —

CUSTOMS EXCHANGE RATES. } Rates of exrhangc ruling afc Hie announced date of departure of tho vessels named aro slnnvn in the following table. Tlicy aro subject lo confirmation by Iho Customs Department when the exact time of departure is learned on the arrival of the vessels in New Zealand, finally declared rates being marked*:— Mariposa, Canada, dollars . . , . *4.01 Mariposa, U.S.A., dollars .. .. Mariposa, Honolulu, dollara .. *.'3.45 A'orangi, Canada, dollara .. . . *3.95 AoraiiKi. U.S.A., dollars ~ .. *3.44 Aoransci. Honolulu, dollara . . *3.42 Port Hunter, New York, dollars . . 3.45J Canadian Conqueror, Canada, dollars 4.10 Melbourne Man;, Japan, yen .. 24,50 a LONDON SILVER FRICES. LONDON, Feb. 20. Silver was quoted to-day afc 10Jd an oz. spot and 19|d forward, compared with 19|d and 19 13-16 d yesterday. 0

PUKEKOHE PRODUCE PRICES. [FROM OUK OWN CORRESPONDENT.] PUKEKOHE, Monday. No alteration is shown in to-day's price for locally-grown new potatoes, the price still remaining at 5s 9d a cwt. f.o.r. PukeIcolic. The price for new season's onions continues to rise and now stands at 9s 9d a cwt., as against 8s Gd last Monday.

Feb. 19. Feb. 18. Pur. Montreal, do], .. 3.94 3.34 4.80G Now York, dol. .. 3.45J 3.151 4.860 Paris, fr. 87 S 87? 124.21 Bnuiaela, bclsa .. 21 25-32 21.75 35.00 Cjeuova, fr. 17 11-10 17 11-16 25.22 Amstcrdiun.fi. .. Miliui, lira 8.51 8.535 12.10 06# mi 92.40 Berlin, r.m. 11.55 14 17-32 20.43 Stockholm,' kr. ... 17 15-1C 175 18.159 Copcnlmyeti, kr. . 184 18J 18.159 0»1<>, kr. 182 183 18.159 Vienna, sell. ' 32 32 34.585 I'm cue, kr. 11(1.50 110.50 101.25 JMsinsrfors. murk 220 222.50 129.23 M si <1 rif.I, lies. .. 41 j 4U 25.221 Jiinlio'i. esc u. I on.75 109.75 110 Athena, <lr. '270 207. fit) 375.00 Hiulia rest, lei. .. 577.50 677.50 813.0 I\ io (If J!t nei rn, ni i . ( ;MC» 1 1-10 5.899H Buenos Aires, (Ji)l. 30 11-10 .39.50 47.019d Montevideo. rlol. HI..10 30.50 5td Bombay, rupee .. 18 .V.T2 IS 5-32 18d Hhimcluii. 1 ;■ cl .. 22 15-1(5 23.25 — dol, . 17 11-10 23.50 — Yokohama, yen . 2:1.50 __ 2t.5Sd Bataviu. (1 —T 8.50 12.10