STOCK EXCHANGES

New Zealand Herald, Volume LXIX, Issue 21279, 5 September 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 tho second column is given the return, based on the last annual dividend, from investment at tho quoted price. In tho case of Government and other redeemable securities no return is given, in view of tho now method of quotation, but the months in which interest is duo 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 Return dn Sale Price Investment £sd £ s d Stork, 1039, 45 (AprilOct.) . . . . 95 7 C Ditto, 1937, 5J (Sept.-Mar.) . . 98 17 G Com. Bank Aus. . . 0 M 7 3 8 7 Ditto . . . . 014 8 3 8 2 Bank of N.Z. . ..279 G 0 I N.Z. Guar, (ord.) 0 5 11 * N.Z. Breweries . . 1 7 0 51G 4 WELLINGTON EXCHANGE Tom. Bk. Aus. (2) . 014 G 3 9 0 Bank A'asia. . . . 910 0 * Union Steam (pref.) 1 1 0 5 4 9 CHRISTCHURCH EXCHANGE Stock, 1939, 4J (MayNov.) . . . . 95 2 G Nat. Bk. A'aaia. (£lO paid) . . . . 11 9 G 5 4 7 Union Bank .... 7 7 0 214 5 Goldshrough-Mort . . 15 4 119 5 N.Z. Guar Corp. 0 511 * N.Z. Brewerios . . 1 7 3 517 4 Tooth's Brewery . . 1 8 9 511 4 Elec. Zinc (pref.) . 15 3 6 6 9 N.Z. Refrig. (£1 pd.) Oil 3' 817 9 Ditto (10s pd.) . . 0 4 4 11 10 9 Mount Lyell . . ..114 t * Interim dividend reduced, t Interim dividend passed.

THE LONDON MARKETS FROZEN MEAT (Received September 4, 5.5 p.m.) LONDON, Sept. 3 The weekly quotations for the undermentioned classes of frozen meat , are based on actual sales of wholesale quantities of carcases of mutton or lamb or of quarters of beef delivered to Smithfield market, and/or London stores. They are compiled by the Quotations Committee, Smithfield, To arrive at the equivalent ex ship values, one farthing per pound should be deducted from tho prices quoted below. Quotations given represent the average for the week and are not selected lines, but for parcels fairly representative of the bulk of shipments now on offer. New Zealand Frozen Sheep.—Canterbury and North Island selected crossbred wethers and maiden ewes, 481b. to 561b., 3 5-8 d; 571b. to 641b., 3^d; 651b. to 721b., 3d; North Island crossbred wethers and maiden ewes, 481b. to 561b., 3jid; 571b. to 641b., 3 l-8d; 651b. to 721b., 3d; ewes, 651b. to 721b., 2 l-Bd. Argentine Sheep.—First quality crossbred wethers, 481b. to 641b-, 27-8 d; 651b. to 721b., 2 3-Bd. Patagonian Sheep.—Wethers, and/or maiden ewes, under 501b., 2^d; 501b. to 601b., 2 5-Bd. Argentine Chilled Beef.—Ox fores, 1601b. to 2201b., 2Jd; ox hinds, 1501b. to 2201b., 5 5-Bd. Australian Pigs.—First' quality, 601b. to 1001b., average 901b., 5 l-Bd. All other sorts are unchanged. COTTON, RUBBER, JUTE, ETC.

(Quotations on August 26 in parentheses) Cotton. —Spot, 6.57 d (6.45 d) a lb.; October delivery, 6.45 d (6.36 d, September).

Rubber.—Para, 5 l-8d (4|d) a lb.; plantation and smoked, 27-8 d (211-16 d). Jute. September-October shipments, £l9 (£l9 Is 3d, August-September) a ton. Copra.—September-October shipments, South Sea, £l3 17s 6d (£l3 12s 6d) a ton; plantation, Rabaul, £l4 (£l3 15s). Linseed Oil.—£l7 10s (£l6 10s) a ton. Turpentine.—62s 6d (625) a cvvt. MEAT MARKET BRIGHTER BETTER DEMAND IN LONDON The Bank of New Zealand has received the following report from its London office as at the close of business last week:— Wethers-: Smaller supplies have caused prices to harden. Ewes: The market is quiet but firm. Lambs: The mnrket is firm and there is a good demand. Trade generally is brighter, with a better demand. Quotations are:—Wethers, light, 3 l-8d to 4d a lb.; heavy, 2*} d to 3 l-8d; ewes, 2d to 2jd; lambs, twos, 4j}d to 5 l-8d; eights, 4|d to sd ; fours, 4£d to 4|d; seconds, 4jd to 4|d. FOREIGN EXCHANGES APPRECIATION OF STERLING British Wireless * RUGBY, Sept. 2 Tho following rates on foreign exchanges are current, compared with the cabled quotations on Sept. 1 and par:— Sept. 2 Sept. 1 Par Montreal, dol. .. 3.831 3.805 4.BGG New York, dol. . 3.471 3.402 4.800 Paris, tr. .. 88.50 88 7-16 12-1.21 Brussels, belga .. 25.025 25 35.00 Geneva, fr. .. 37 29 32 17.90 25.22 Amsterdam, fl. .. 8.025 8.02 12.10 Milan, liro .. (>7s 07! 92.40 Berlin, r.m. .. 14 19-32 1-1 19-32 20.43 Stockholm, lcr. .. 19.475 19.475 18.159 Copenhagen, kr. . 19.40 19? 18.159 Oslo. kr. .. 19.95 19.95 18.159 Vienna, sell. .. 29.50 29 to 29.501 34.585 Prague, kr. .. 117.50 117 104.25 Helsingfoiß. mark 232.50 2321 129.23 Madrid, pes. .. 431 43 1-10 25.221 Lisbon, escu. .. 110 110 110 Athens, dr. .. 500 COO 375.00 Bucharest, lei. .. -587.50 587.50 813.0 Rio de Janeiro, mil. 5 3-16t 5 5-32t 5.899 d Buenos Aires, dol. + t 47.019 d Montevideo, dol. 30t 301 51d Bombay, rupee . 18 9-0-4 18 9-04 18d Shanghai, tacl .. 21J 2111-16 Hongkong, dol. . 10 5-10 101 , 'Yokohnma, yen . 15. .o 15.'■> f'-"™ Batavia, fl._ .• 8.08 8.08 12.10 Belgrade, dirt .. 225 220 -07.J1 Warsaw, zlotya .. tNominal. WAIROA MEAT WORKS SCHEME FOR RESTORATION [I!Y TELEGRAPH —PRESS ASSOCIATION] WAIKOA, Saturday* Tho directors of tho Wairoa Farmers' Co-operative Meat Company decided today to proceed immediately with the restoration of meat works and cool storage chambers. These are to be rebuilt in ferro-concrete to take the place of. those destroyed by fire on February 6, 1931, following the great earthquake on February 3. The directors expect the works to be ready for killing operations in December. . TIN STATISTICS LONDON, Sept. 2 Tin stocks are: —Visible, 46,551 tons; Straits (carry over), 10,215 tons; supplies, 3552 tons; deliveries, 5576 tons.