STOCK EXCHANGES.

New Zealand Herald, Volume LXIX, Issue 21132, 15 March 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 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 (lie return includes redemption. In calculating tho returns on shares in companies which pay their dividends outside New Zealand exchange rates, being liablo to fluctuation, have not been taken into consideration. The first column gives the figures at which tho sales wero made:— AUCKLAND EXCHANGE. Return on Sale Price. Investment. £' s d £ s d Com. Bk. Aub. (pf.) 6 2 6 610 7 Bank of N.Z. .. 22 4 6 15 5 Auckland Gas . .. 1 1 9 6 8 8 Waihi 0 16 0 12 10 0 The following sales also took place:— Woolworth (pref. rights), 3n 6d •„ Consolidated Goldfiolcls, 23 Id; Mahakipawa, 4Jd. WELLINGTON EXCHANGE. Bonds, 1941, 4J ... 92 0 0 513 3 Ins. Stock, 1939, 41 . . 91 0 0 6 2 4 Bank of N.Z. . . 22 6 Gl4 11 Bank of N.S.W. . . 25 0 0 * CHRISTCHURCH EXCHANGE. Bonds, 1937, 51 . . 98 2 6 5 18 11 Bonds, 1939, 41 . . 92 0 0 5 18 6 Bank of N.Z. . . 22 1 C> 15 5 Bank of N.S.W. . . 25 0 0 Tho following sales also took place:— Okarif.o, 9s l{d, "Js Id (2), 9s. 8n lid, 8a lOd; Mahakipawa, -Id (4), 4jd (2). DUNEDIN EXCHANGE. Bank of N.Z. . . 22 3 615 8 "Interim dividend reduced. DISrOSAL OF WOOL. NEXT AUCKLAND SALE. EARLIER START POSSIBLE. There is a possibility that, the third Auckland wool sale, which is scheduled to commence at the Town Hall next Monday, will start- at four o'clock on Saturday afternoon. The buyers were at Napier yesterday preparing for the sale there to-morrow, and after the Auckland fixture they have to go to Christchurch. The intervention of Easter between --the Auckland and Christchurch sales has led to the suggestion of an earlier start at Auckland. Mr. E. M. Edgar, secretary of the Auckland Woolbrokers' Association, was in communication with the buyers at Napier yesterday, and ho expects" to receive definite advice this morning concerning the advancing of the selling hour. There are between 20,000 and 21,000 bales to be offered.

COMPETITION AT SYDNEY. GOOD LINES AT LATE RATES. (Received March 14, 10.45 p.m.) SYDNEY. March 14. At the Sydney wool sales to-day the market for good fleoco lines and skirtings was on a par with last week, but demand for burry and dusty sorts was irregular. There was good general competition. Greasy Merino sold to 18d. The offerings totalled 10,823 hales, of which 9389 were sold. Also 532 bales wero disposed of privately. DOLLAR EXCHANGE. DOMINION RATES REVISED. COMPARISON OF QUOTATIONS. Current dollar exchanges, as quoted by (he New Zealand banks yesterday, are as under, compared with previous quotations : U.S. Dollars to N.Z. Mar. 7. Mar. 9. Mar. 11. Mar. 14. Ruvini? . . 3.fiO 3.80 3.75 3.74 Selling . . 3.40 3.60 3.55 3.54 Canadian Dollars to £1 N.Z. Buying . . 4.03 4.00 4.1S 4.1R Selling- . . 3.83 4.00 3.08 3.96 AUSTRALIAN STOCK EXCHANGES. YESTERDAY'S BUSINESS. (Received March 14. 10.45 p.m.) SYDNEY, March 14. On the Sydney Stock Exchange to-day there was a small turnover. Closing sales were:—Commonwealth 4 per cent. Bonds, 1938, £94 12s 6cl; 1941, £92 15s; 1944, £9l 15s; 1947, £9l 15s; 1950, £9O 7s 6d; 1951-55, £9O 10s; 1951.-57, £9l; 1951-59, £9l 15s; 1951-61, £9l lis 3d. Other sales were:—Bank of New Zealand, Sydney register, 425; Bank of Australasia, £lO 8s; Commercial Bank of Sydney, £ls 17s 6d ; National Bank (£5 paid), 108s; Colonial Sugar, £4l ss; Australian Oas, A shares, 101s; Australian Glass, 34s 7jd; Goldsbrough-Mort, 24s 9d; Tooth's Brewery, 25s 7^d; Winchcombe Carson, 19s 10|d; Broken Hill Proprietary, 15s 10id; Zinc Corporation, 30s.

THE MONEY MARKET. FOREIGN EXCHANGES. British VTireW RUGBY, March 12. T lio following rates on foreign exchanges were, current yesterday, compared with the cabled quotations on March 10 and par:—

CUSTOMS EXCHANGE RATES. Rates of exchange ruling at the announced date of departure of the vessels named are shown iu 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 boing marked*: — Waikawa, Canada, dollars .. . . 3.88 Waikawa. U.S.A.. dollars . . . . 3.45 Sierra. U.S.A., dollnrs 8.48J Wirrall, U.S.A., dollars .. .. S.4BJ Canadian Cruiser, Canada, dollars . . 3.94 Niagara, Canada, dollars . *. . . . 3.63 QUOTATIONS FOR. SILVER. LONDON, March 12. Silver is quoted to-day at 18 3-16 d an oz. spot, and 18 5-16 d forward, compared with 18 l-16d and 18jd yesterday.

Mar. 11. Mar. 10. Pur. Montreal, Hoi. 4. OR 4.07 4.866 New York, dol. . 3.K.15 3.6-15 4.866 Paris. fr. 023 92 9-16 124.21 Brussels, helga .. OR 26.05 35.00 Geneva, fr. 18.75 18 25-32 25.22 Amsterdam, fl. .. Milan, lire 9.025 9.025 12.10 70* 701 92.46 Berlin, r.rn. 16 9-32 15.25 20.43 Stockholm, kr. .. 18.10 18.10 18.159 Copenhagen, kr. . 1R.15 18.15 18.159 Oslo, kr. 18 7-16 18 7-16 18.159 Vienna, sch. 32 32 34.585 Prague, kr. FTelsingfors. mark 1221 122.75 164.25 217.50 215 129.23 Madrid, pen. 47.50 47.50 25.221 Lisbon, escu. 110 109.75 110 Athens, dr. 287.50 287.50 375.00 Bucharest, lei. .. 610 615 813.6 Rio de Janeiro, mil. 4 1-16 4 1-16 5.899d Buenos Aires, dol. 38.75 38 i 47.619d Montevideo, dol. 30.50 30.50 51 d Bombay, rupee . 18 5-32 18 5-32 18d Shanghai, tael .. 21 25-32 21 11-16 Hongkong, dol. . 15 31-32 16 3-16 Yokohama, yen . 20 J 201 24.58d Batavia, fl. 9.06 12.10