STOCK EXCHANGES.

New Zealand Herald, Volume LXIX, Issue 21233, 13 July 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, 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.

DOMINIONS' STOCKS.

LONDON RATES FIRMER.

ACTIVITY ON EXCHANGE. LONDON, July 11. On the London Stock Exchange to-day. Australian and Now Zealand stocks were firm and activo, especially long-dated maturities; Sales took place at the following rates, quotations on July 7 being given in parentheses:—Commonwealth, 5, 1945-75, £lO4 10s .to £lO6 (£IOO 10s); Victorian, 3, 1929-49, £74 to £77 (£73 12s 6d); Victorian, 3£, 1929-49, £Bl 5s to £B4 (£7B 10s); Victorian, 4f, 1940-60, £97 15s to £IOO (£95 15s); New South Wales, 3J>, 1930-50, £79 10s to £Bl (£76 10s); Queensland, 5, 1940-60, £IOO to £IOO 10s (£98); New Zealand, 4£, 1948-58, £lO2 to £lO5 (£IOO 17s 6d); New Zealand, 3i, 1940, £93 10s to £95 (£92 ss); New Zealand, 3, 1945, £B4 to £B4 10s (£BO 15s).

LIQUIDATION OF BAM.

PRODUCERS OF AUSTRALIA.

PAYMENT TO CREDITORS. During the bearing of two applications in connection with the winding up of the Primary Producers' Bank of Australia, Limited, in liquidation, l in the Banco Court, Melbourne, last week, counsel for the Queensland liquidators stated that a dividend of 5s in the pound had recently been paid to all creditors.' It was hoped that -creditors would be paid 20s in the pound, and there would bo something left over for the shareholders. The bank, which announced suspension of payment in August, 1931, was one of comparatively recent origin, and was not a member bank of the clearing house system. When tho directors were forced to suspend payment the position of the bank was that tho deposits were £1,215,000, advances £1,539,000, and liquid assets £105,000.

RISES IN NEW YORK.

•AUSTRALIAN SECURITIES. NEW YORK, July 11. Sales of Australian Government bonds on Wall Street to-day compare with those of July 5 as follows^ — Dollars. Dollars. Commonwealth — July 5. July 11. 5 p.c. Jnn.-July, 1955 . . 70 70} 5 p.o. Mar.-Sept., 1957 70 72 4} p.c. May-Nov., 1956 . . 64} 64* New South Wales—--5 p.c. Feb.-Auf*., 1957 . . 68 67J 5 p.c. April-Oct., J958 .. 67} 67* Queensland—--7 p.c. April-Oct., 1942 .. 79 83} 6 p.c. Fob.-Aug., 1947 . . 71 73}

GOLD AND SILVER. QUOTATIONS IN LONDON. LONDON. July U. Gold is quoted to-day at £5 15s 7d an oz., compared with £5 15s on Saturday. Silver is quoted at 17 l-16d spot and 17 l-8d forward, compared with 16 15-16 d, both positions, on Saturday. The quotation for silver at per standard oz. is 17 l-16d and at per fine oz. 18 7-16 d, compared with 16Jd and 18 l-16d on July 7.

AMERICAN GRAIN CROPS. ESTIMATED YIELDS FOR 1932. (Received July 12, 5.5 p.m.) WASHINGTON. July 11. The Department of Agriculture reported tci-day that the estimated total 1932 wheat crop is 737,000,000 bushels, a decrease of 513,000,000 compared with 1931. Winter wheat is estimated at 432,000,000 bushels, durum at 55,000,000 and - other spring wheat at 250,000,000. Oats are estimated at 1,217,000,000 bushels, barley at 312,000,000 and rye at 44,000,000.

TIN IN NEW YORK. NEW YOEK, July 11,

. Tin (standard), July delivery, is quoted at 20.20 cents a lb., compared with 20.50 cents on Saturday.

Return on Sale Price. Investment. £ s. d. £ 8. d. Bonds, 1933, 51 (Feb.Aug.) 100 5 0 Stock, 1938. 4} (May Nov.) . . . 96 2 6 Ditto 9G 0 0 Ditto. 1937, 51 (Feb. Aug.) 101 2 6 Ditto 101 0 0 Bank of N.Z,, . . . 2 4 6 6 9 2 Ditto ,24 9 6 8 1 Standard Insurance . 2 1 0 6 1 11 Colonial Sugar (2) . . 41 15 0 5 19 9 Waihi 0 15 o 13 3 9 Ditto (2) . 0 15 3 13 2 3 Waihi Junction 0 3 0 11 2 3 The following Bales also took place:—Golden Dawn, 5s 6d, 5s 7d; Okarito, 9s. , WELLINGTON EXCHANGE. Stock. 1939. i\ (Apl.Oct.) . . . . . . 96 0 0 _ Wellington Invest, and Agency . . . . 0 7 3 8 5 li CHRISTCHURCH EXCHANGE. Bonds. 1937, o£ (Sept.March) ' . . . . 101 7 6 Bonds, 1939, 4} (Apl.Oct.) . . . . . 90 0 0 Stock. 1938, 4* (MayNov.) (2) . . . . 9G 0 0 Stock, 1937 5} (Feb.Aug.) 101 10 0 Com. Bank Aus. .. 0 13 7 3 13 7 Ditto . . . . o 13 8 3 13 2 E.S. and A. Bank (6) 4 0 0 » Bank of N.Z. (2) . . 2 4 6 6 9 2 Ditto 2 4 7 h 6 8 7 Union Bank . . . . 7 0 0 2 17 2 Ditto 7 1 0 2 16 9 Nat. Bank A'asia (£10 paid) . . . . . 10 15 0 5 11 7 Goldsbrough-Mort . . 12 6 2 3 11 Christcliurch Gas . . 16 6 6 0 8 Aucklnnd Gas . . 11 1 6 12 10 N.Z. 'Breweries (2) . . 15 9 6 4 3 N.Z. Refrig. (10s pd.) (2) 0 4 8 10 14 1 Tooth's Brewery . . 16 2 6 2 4 Mount Lyell (3) 0 17 9 + The following sales also took place:—Golden Dawn. 5s 6d. 5s 5d. 5s 41d: Okarito. !)s 2d (4); Golden Point, GUI: Electrolytic Zinc (pref.), 20s 9d. DUNEDIN EXCHANGE. Bonds, 1938, H (MayNov.) 96 0 0 Stock, 1937, 5i (Feb.Aug.) 101 10 0 E.S. and A. Bank . . 4 0 3 * Christchurch Gas . . 16 6 6 0 8 The following sales also took place:—Mahakipawa, 3d: Paddy's Point. 4a 9d. •Interim dividend reduced. flnterim dividend passed.