STOCK EXCHANGES.

New Zealand Herald, Volume LXIX, Issue 21117, 26 February 1932, Page 5

STOCK EXCHANGES.

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

The following sales also took place:—New Zealand Breweries, 25s 3d; Woolworlhs (X./.), pref. j'ighls, 3s 9d, 4s; Golden Dawn, Gs HI, Gs (3), 53 II Id, 5s Ild (21, 5a IIJ.I, Gs, Ga OJd, Gs (2); Mahokipawa, 2id (3). DUNEDIN EXCHANGE. Inn. Stl<„ 1037, 51 . . OS 15 0 5 15 10 Ditto ns 10 0 5 17 1 Wilsons Cement . . 110 0 * 8 (5 8 The following sales also took place:—King Solomon, Is !)d. 'lnterim dividend reduced. (Interim dividend passed. AUSTRALIAN EXCHANGES. YESTERDAY'S BUSINESS. (Received February 25, 10.35 p.m.) SYDNEY, Fob. 25. "With (be exception of (he 1958 issue all Commonwealth 4 per cent, bonds wore again lower on tho Sydney Stock Exchange to-day. The turnover was the smallest since Christmas. Business is likely to be restricted until tho situation in regard to future taxation is clarified. All industrial concerns and brewery shares were weaker. Broken Hill stocks were easier owing to the decline in metal prices. Closing sales were: —Commonwealth 4 per rent, bonds, 1938. £94 12s 6.1; 1941 £92 15s: 1944 and 1947, each £9l 15s; 1950, £9O 17s 6d; 1961, £9l; 1955, £9O 17s 6d. Australian Gas, debentures, per cent., 1940, £93 13s 9d; A shares, £100; Burns-Philp, 40s; Mercantile Mutual Insurance, 15s; Tooheys Brewery, 16s 9d; Tooths Brewery, 24s 6d; Dunlop Pordriau, lis 9d; Winchcombe Carson, 18s 7jd; Pitt, Son and Badgery, 26s 6.1; Broken Hill South, 47s 3d; Zinc Corporation, 30s ljd; Electrolytic Zinc, pref., 23s 6d; ColdsbroughMort, 24s 6d. Melbourne sales were:—Commercial Bank of Australia, 16s 2d; GoldsbrouiihMort, 24s lOd; Carlton Brewery, .30s; ITerald and Weekly Times, 41s 9d; Australian Glass, 33s 71d; North Broken Hill, 695-6 d. MILNE AND CHOYCE, LTD. NO INTERIM DIVIDEND. Notification (hat in view of existing conditions and prospects it is deemed inadvisable to pay an interim dividend has been received from the directors of Milne and Choyce, Limited, by the Auckland Stock Exchange. Last year for the first time in a period of 28 years (he company departed from (lie payment of a dividend of 8 per cent, per annum. An interim dividend of 3£ per cent, oil all rlasses of shares was followed with a final dividend of a similar Amount oil T! preference shares, making 7 per cent, for the year, and 2£ per cenl. on all other slock, making 6 per cent, for the year. The, company has a capital of £250,000, comprising £7OOO preference shares, £15,000 T? preference shares, £29.250 ordinary shares and £198,750 debenture stock. FOREIGN EXCHANGES. STERLING STILL RISING. (Received February 25, 5.5 p.m.) British "Wireless. RUGBY, Feb. 24. Tho following rates on foreign ex changes were current yesterday, compared with Iho cabled quotations on February

CUSTOMS EXCHANGE RATES. Bates 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 New Zealand, finally declared rates being marked*;— Port. Hunter, New York, dollars . . 3.4r>? Canadian Conqueror, Canada, dpllars 4.10 Melbourne Ma.ru, Japan, yen . . 21.50 d AUSTRALIAN SECURITIES. QUOTATIONS IN NEW YORK. (Received February 25, 6.5 p.m.) NEW YORK, Fob. 24. Sales of Australian Government, bonds on-Willi Street, to-day compare with those of February 15 us follows—;

AUCKLAND EXCHANGE. Return on Sale l'r CO. Investment. £ s d £ 8 d Howls, 1037, 5J . . OS 15 0 5 15 10 Dillo, 1937, 51 95 0 0 i; G 4 Ins. Stk1937, 51 OS 10 0 5 17 1 Ditto. OS 12 r> 5 ir. 5 Ditto 9S 7 (> 5 17 0 Hamilton Bor., '-13, 52 98 10 0 5 IS 10 National Bunk . . 3 10 0 * Bunk of Australasia . S 19 0 * N.Z. Insurance . . 1 17 0 5 R 1 Auckland Gun (2) . . ] 2 3 5 10 Ditto 1 2 2 0 G \ Colonial Sugar . , 37 15 0 G 12 G The following Rules also took place —ElecIrol.vtic Zinc (pref.). XI Oa 8d; Golden Dawn, (is 4d. WELLINGTON EXCHANGE. Bunk of. N.Z 2 \ 3 G 0 0 Coin, Bank Aus. . . 0 It 3 t Wellington Woollens 4 1 0 7 2 10 CHRISTCHURCH EXCHANGE Tim. Stk., 1937, 51 „ . os to (1 5 17 1 f'oin. Bank Aus. .. 0 H 2 + Cnion Bank .. 7 0 0 * Xiit. rnsuranco 0 12 i; G 0 o N.Z. Breweries 1 5 7 ♦ Dillo 1 5 1 * Tooth's Brewery 1 2 G 7 2 3 Australian Glass .. 1 9 ■I ■1 1 10 Stockton Coal ('2) . , 0 0 r, Dilto . . 0 0 ■l -X. Ml. Lyell (1) 0 19 3 5 n n

22 and par:— Feb. 23. Feb. 22. Far. Montreal, tlol. 3.93 :i.n;t 4.800 New York, dol. . ,'1.481 ;j.47i 4.806 Paris, fr. 88.50 88.25 124.21 Brussels, belga .. 25 24 15-10 35.00 Geneva, fr. 17.85 17 13-16 25.22 Amsterdam, fl. . fi.r.:i fl.60 12.10 Milan, lire 66 J 0(5.75 02.46 Berlin, r.m. 14S 14 19-32 20.43 Stockholm, kr. .. 18.10 18 1-J6 18.159 Copenhagen, kr. . 38J 185 18.159 Oslo, kr. 18 1-1G 182 18.159 Vienna, soli. :i-2 32 31.585 Prague, kr. 117.50 117.25 164.25 Ilelsingforfl, mark 2'JO 220 129.23 Madrid, pes. 45 1-10 45 Lisbon, cscu. 109.75 100.75 110 Athens, dr. _ ,. 270 270 375.00 Bucharest, loi. . . 580 580 813.6 Rio do Janeiro, mil 4 3-IG 4 ;!-ir, 5.899(1 Buenos Aires, dol. HO 11-1G 39 11-1G 47.61M Montevideo, dol. .'10.50 .'10.50 old Ronihay, rupee .. 18 ft-04 18 0-01 18d Shanghai, tnel .. 22 i-ir. 23 13-16 — Hongkong, dol. . 17 13-16 17 13-16 24.58d Yokohama, yen . 23 23 3-10 Batavia, fl. 8.02 8.02 12.10

Dollars. Dollars. CominonvmiHh — Fob. 2-1 Feb. 15. 5 p.c., .Inn,-July, ior>5 . . 5,'H 62? 5 p.c., Murch-Sepl. 1057 .. r»;n 681 4 J p.o,, Mny-Nov., 105(1 . . -171 4(iJ Now Sontli Wal is— 5 p.c., .Feb.-A rts.. 1057 . . .10'; 43! 5 p.c., Apiil-Oct.,' 1058 .. 4a Queensland — 7 p.c., April-Ocl., 1013 . . * • G p.c., Ftsb.-Auu., 10-17 . . * • 'Not quoted.