STOCK EXCHANGES.

New Zealand Herald, Volume LXIX, Issue 21225, 4 July 1932, Page 5

STOCK EXCHANGES.

SATURDAY'S SALES. RETURN ON INVESTMENTS. Following is a list of Saturday's transactions on New Zealand Stock Exchanges. In the second column is given the return, based on the last annual dividend, from investment at the quoted price. In the case of Government and other redeemable securities no return is given, in view of the new method of quotation, but the months in which interest is due are shown. In calculating the return on shares in companies which pay their dividends outside New Zealand exchange rates, being liable to fluctuation, have not been taken into consideration. The first column gives the figures at which the sales were made:— AUCKLAND EXCHANGE.

DOLLAR EXCHANGE. DOMINION RATES REVISED. COMPARISON OF QUOTATIONS. Current dollar exchanges, as quoted by the New Zealand banks on Saturday, are as under, compared with previous quotations : U.S. Dollars to £1 N.Z. . June 13. Jur.e 18. June 24. July 2 Buying:. . 3.77 3.72 3.71 3.67 Selling . . 3.57 3.52 3.51 3,47 Canadian Dollars to £1 N.Z. Buying.. 4.35 4.31 4.24 4. is Selling . , 4.15 4.11 4.04 393 FOREIGN EXCHANGES. STERLING SLIGHTLY LOWER. (Received July 3, 5.5 p.m.) British Wireless. RUGBY, July l. rhe following rates on foreign exchanges. are current, compared with the cabled quotations on June 30 and par:— July 1. June 30. Par Montreal, dol. .. 4.09 4.115 4.856 .New York, dol. . 3.57 3.595 4.BGG .Paris, fr. .. 50.75 91 17-32 124.21 Brussels, belga .. 25.62 * 25.875 35.00 Geneva fr. .. 18 9-32 18.47,5 25 2*2 Amsterdam, fl. .. B.S-3 8 915 1" 10 Milan, lire .. G9 15-1G 70 9-1G 92 46 Berlin r.m .. 35.02 i 15.125 20.43 Stockholm, kr. .. 19 17-32 19.50 18 153 Copenhagen, kr. . 18 11-32 183 1«'159 Oslo, kr .. 20 9-10 20 5-16 18.159 Vienna, sch. .. 34 33 34.585 Prague, kr. .. 121 121.30 1G4.25 Helsmgiors, mark 222.5 215 123 "3 Madrid, pea. .. 43 5-1G 43 11-16 23 221 Lisbon, escu. .. 110 110 110 Athens, dr. .. 562.5 SCO 375.00 Bucharest, lei. .. 597.5 COS 813.0 Rio de Janeiro, mil. 5 1-161 5 5.899 d Buenos Aire3, dOl. Montevideo, dol. 30t 30t 51d Bombay, rupee .. 17 63-64 17 63-64 lSd Shanghai, tael .. Hongkong, dol. . Yokohama, yen . 15.5 18.25 24.55 d Batavia. fl. ~B{*7 9.00 12.10 Belgrade, din .. 220 225 276.31 Warsaw, zlotys .. {Nominal. CUSTOMS EXCHANGE RATES. Rates 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*:— Armadale, U.S.A., dollars .. . . *3.69 Armadale, Canada, dollars . . . . *4.12 Canadian Highlander, Canada, dollars 4.21 Sydney Maru. Japan, yen . . . . 2Hd Niagara, Canada, dollars . . . . 4.17 Canadian Conqueror, Canada, dollars 4.14 GOLD AND SILVER. QUOTATIONS IN LONDON. (Received July 3, 5.5 p.m.) LONDON, July 2. Gold is quoted to-day at £5 15s lOd an ounce, compared with £5 15s yesterday. Silver is quoted at 16 11-16 d an ounce spot and forward yesterday, compared with 16|d and 16 11-l6d on Thurs- j day. I LONDON DAIRY PRICES. PRODUCE BOARD'S REPORT. The 'New Zealand Dairy Produce Board has received the following market report from its Ixmdon office, dated July 1, last week's figures being given in parentheses : Butter. —New Zealand: Salted, 93s to 100s (96s to 98s) ; unsalted, 100s, 102s to 104s (98s to 104s), 93s to ICOs equals approximately 10|d, f.0.b.; first whey, S2s (50s); second, 90s (88s). Deliveries, New Zealand, 1411 tons; in store, 5420 tons. Australian: Salted and unsalted, %s to 98s (95s to 975). Deliveries, Australian, 1025 tons; in store, 2050 tons. The market is firm. Argentine: Unsalted, 86s to 88s. ex. 90s (86s to £BsJ. Irish creamery: Salted, 100s (100s); unsalted, 103s (103s). Danis!): 88s, f.0.b., 102s to 104s spot (85s, 100s to 101s). Dutch: Unsalted, 126s to 128s (126s to 1235). Estonian: Salted and unsalted, 88s to 90s (88s to 90s). Latvian: Salted and unsalted, 88s to 90s (88s to 90s). Polish: Salted, 823 to 84s; unsalted, 84s. The market, is steady. Siberian, market slow, j 86s to 37s (863 to 88s )„ The Empire Marketing Board's, estimated stocks of all butters is 734,174 boxes, compared with 716,315 last year. Cheese. —New Zealand: White, 58s to 59s (56s to 575); coloured, 57s to 59s {s6s to 575); 57s to 59s equals approximately sfd, f.o.b. Deliveries, New Zealand, 21,419 crates; in store, 89,572 crates. Australian: Coloured, 565. Canadian: White, 56s to 57s (555); coloured, 575. Old season's: White, 68s to 84s (68s to 80s); coloured, 68s to 72s (58s to 725): boxes; in store, 78,000 boxes. English finest farmers', 88s to 90s (84s to 86s). The market is firm. New Zealand retail price, Bd. The board has also received the following advice from its agents in* Canada:— Butter: New York, 16 cents; Montreal, 16£ cents. P. AND O. DEFERRED STOCK. LONDON, July l. P. and O. deferred stock is quoted at 16s B<i, compared with 15s OJd yesterday.

Return on Sale Price. Investment. £ a. d. £ 8. d. Bonds, 1937, 5} (Feb.Aug.) . . .. 100 10 0 Com. Bank Aus. .. 0 14 0 + Bank of N.Z. .. 2 2 9 G 14 1 Union Bank . . .. 7 10 N.Z. Insurance . . 1 IS 0 5 5 3 British Tobacco . . 17 9 • The following sale also took place Okarito, 93 6d. WELLINGTON EXCHANGE. Stock. 1937, 5| (Feb.) 100 10 0 Ditto, (Sept.) .. 100 10 0 Goldsbrough-Mort .. 0 19 8 2 10 10 CHRISTCHURCH EXCHANGE. Chch. Trams, 1934, 6J 99 10 0 Com. Bank of Aus. 0 14 0 t DUNEDIN EXCHANGE. Stock, 1937, 5£ (Sept.) 100 10 0 V N.Z. Insurance . . 1 17 6 5 6 8 The following sales also took place Okarito, 93 5d (2). 'Interim dividend reduced. ■(Interim dividend passed.