STOCK EXCHANGES.

New Zealand Herald, Volume LXIX, Issue 21115, 24 February 1932, Page 5

STOCK EXCHANGES.

YESTERDAY'S SALES. RETURN ON INVESTMENTS. Following is a list of yesterday's transactions on Now Zealand Stock Exchanges, In I lie second column is given Hie return, based on the last annual dividend, from investment at tlio quoted price. In tlio case of Government and oilier redeemable securities the return includes redemption. In calculating the returns on shares in companies which pay their dividends outside New Zealand exchange rates, being liable to fluctuation, have not been taken into consideration. 'lhc first column gives the figures at which the sales were made:—

AUSTRALIAN EXCHANGES. YESTERDAY'S BUSINESS. (Received February 23, 10.15 p.m.) SYDNEY, Fcl). 23. With the resumption of the New South Wales Parliament to-day and fears of increased taxation industrial stocks displayed unmistakenblc signs of weakness on (ho Sydney Stock Exchange. Buying inquiry dwindled appreciably and business was spasmodic. Banks are feeling the effects of the nervousness. Commonwealth bonds were also weaker. Closing sale s of 4 per cents were: —l 933, £94 ]6s 3d ; 19-11, £93 2s 6d: 1947, £92; 1950. £9l 6 S 3d; 19.%. £9l 7s 6d; 1953, £9l 7s 6d; 1961, £9l J2s 6d.

Other sales were:—Bank of New South Wales, £29 19s; Commercial Bank of Sydney, £l6 2s 6d; National Bank (£5 paid), 109s 6d; Queensland National Bank (ex div.), 102s; Colonial Sugar, £44; Howard Smith 7s 9d; Adelaide Steam, 18s 6d ; Nestles (pref.), 27s 4£d ; Tooth's Brewery, 25s 9(1; Toohey's Brewery, 17s 6d ; Australian Class, 33s 9d ; GoldshroughMnrt, 25s 6c?; Berlei, 13s 6d; Dunlop Perdriau, 12s 2d; British Tobacco, 29s 4Ad ; W ? inchcombe Carson, 15s 3d; Blount I.yell, 22s 4£d. Melbourne sales were:—GoldsbroughMort, 25s 7jd; Dunlop Ferdriau, 12s 2d; Henry Jones, 27s 6d. COLD AND SILVER. QUOTATIONS IN LONDON. LONDON, Feb. 22. Gold is quoted to-day at. £6 an ounce, compared with £5 19s 9d on Saturday. Silver is quoted at 19 1.3-16(1 per standard ounce, and 21 38d per fine ounce, compared with 19 9 16d and 21 l-8d on February 18. MELBOURNE WORKS LOAN. TERMS OF CONVERSION. LONDON, Feb. 22. The Melbourne and Metropolitan Board of Works is inviting the holders of £3,140.000 worth of its stock maturing mi .April 1 to renew their holdings into 6} per cent, 1937-39 stock, with a cash payment of £2 per cent. THE WOOL MARKET. LONDON SALE PROSPECTS. The Bank of New Zealand has received the following advice from its London office, dated February 19; —The prospects for the ne\t series of wool sales are a little uncertain. Merinos and fine crosshrcds possibly firm; medium and coarse crossbreds arc expected to decline about 5 per cent. BRADFORD TOPS. LONDON, Feb. 22. The Bradford tops market is quiet, prices tending to be easier. ADVANCE IN TALLOW. HEMP MARKET UNCHANGED. The Department of Agriculture has received tho following cablegram, dated February 20, from the High Commissioner for New Zealand, London;— Tallow. —Fair demand at auction at an advance of Is. Of 405 casks offered, 204 sold. Present spot quotations: Mutton, fine, 25s 6d; fair to good, 23s 6d to 24s 6d; dark to dull, 21s to 225. Beef, sweet and/or mixed, 26s to 26s 6d; fair td good, 23s to 25s 6d; dark to dull, 20s (o 21s 6d. Mixed, fair to good, 23s to 25s 6d ; dark to dull, 20s to 21s 6d. (Jut, etc., 39s to 21s 6d. Hemp.—Tho manila market is linn. K grade for February-April shipment sold up to £l9 10s, and for March-May shipment £l9 ss. Output, January 1 to February 15, 109,000 bales, against 158.000 for same time last year. Stocks in the United Kingdom at January 31, 25,376 bales, against 9333. Tho sisal market is easier, and early this week April-June shipment No. 1 fair average quality sold at £l4 15s, but steadier at tlie close. Value of February-April shipment, £ls. The New Zealand market is unchanged, with no first-hand sales reported. Stocks in the United Kingdom at January 31, 25 tons, against 10 tons. DAIRY PRODUCE PRICES. Joseph Nathan and Company, Limited, has received the following cablegram from its London office, dated February 22: Butter, 110s. Cheese: White, 61s; coloured, 635. 130i.il markets arc quiet. CUSTOMS EXCHANGE RATES. Rates of exchange ruling at tho Announced date of departure of tho vcs-els named are shown in the following table. They nro 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 de clared rates being markod* Mariposa, Canada, dollars .. .. *4.01 Mnriposa, U.S.A.. dollars .. *3.4fi Mariposa, Honolulu, dollars • . • *3.45 Aorangi, ( anada, dollurs . . . . V 5.95 Aorangi, C.N,A.., dollars .. .. *3.41 Aornngi, Honolulu, dollar* . . . *3.42 Port Hunter. New York, dollar* . . 8.451 Canadian Conqueror, Canada, dollar* 4.10 Melbourne Main, Japan, yen .. 24.50 d

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