STOCK EXCHANGES

New Zealand Herald, Volume LXIX, Issue 21347, 23 November 1932, Page 7

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 tho 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 wore made: AUCKLAND EXCHANGE Return on Sale Price Investment n i c-v ; A" b d £h d Bank of IvZ. • .. 2 5 9 ■» Union Bank .. s -.. 7 Jii () °ll ') N.Z. .Insurance .. 23 0 413 0 Colonial Sugar .. 4(5 5 0 5 8 1 British tobacco .. 111 9 315 7 Waihi Junction ..036 910 (i Mount Lyell . . .. 1 0 5 29 0 Llie following sales also took place*— Alexander, )3s 6d paid, 22s 9d; Okarilo, 9s Id (2). WELLINGTON EXCHANGE Wellington Har. Bid., 1910, 55 . . . . 99 15 0 Com. Bank Australia 014 G 3 9 0 Bank of N.Z. (2) . . 2 5 7 * Ditto 2 5 8 * Dunlop Rubber . . 015 G 317 5 The following sale also took place:—N.Z. Refrigerating (£1 paid), 9s 9d. CHRISTCHURCH EXCHANGE Stk., 1937, 51 (Sept- ♦ March) 100 0 0 Com. Bank Australia 0 115 3 9 4 Ditto (pref.) .. 7 5 0 510 4 Bank of N.Z. .. 2 5 8 * Goldsbrougli-Mort . . 1 2 3 2 411 Gear Meat . . .. 1119 (5 G 0 Mount Lyell .. . . 1 0 22 9 7 The following sales also took place:—N.Z. Refrigerating (10s paid), 3s Id; Golden Dawn, 5s 3d. 5s 21d. 5s 2d, 5s ljd, 5s Id • Golden Point, 3d (2); Mahakipawa, (-); Kiug Solomon, 2s l]d; Kokomai, 6s 4d. DUNEDIN EXCHANGE Moturoa Oil . . .. 0 4 0 The following sales also took place:—N.Z. Refrigerating (10s paid), 3s Old: Waitahu, Id premium; Paddy's Point. 5s 6d. •Interim dividend reduced.

AUSTRALIAN STOCK EXCHANGES YESTERDAY'S BUSINESS (.Received November 22, 8.35 p.m.) SYDNEY, Nov. 22 On the Sydney Stock Exchange to-day both buyers and sellers were marking time and business in the investment market provided no new features. Trading was quiet, but the trend of values in the gilt-edged group was mostly firmer. This morning' sales were:—Commonwealth 4 per cent bonds: 1938, £lO2 15s; 1941, £IOO 16s 3d; 1944, £lOl 7s 6d; 1950, £lOl 2s 6d; 1953, £lOl 7s 6d; 1955, £lOl 15s; 1957, £IOO ss; 1959, £IOO 8 S 9d; 1951, £IOO 15s. Broken Hill Proprietary, 25s 6d; Goldsbrough-Mort, 25s 4£d; Henry Jones, 39s 4£d. " ' Closing sales were:—Bank of New South Wales, £3O 10s: National Bank (£5 paid), £6 7s 6d; Colonial Sugar, £52 2s 6d; Burns-Philp, 48s 9d; Victoria Nyanza, 16s; Australian Glass, 44s 6d; Henry Jones, 39s 4£d; Tooth's Brewery, 375; DunlopPerdriau, 17s 3d; Gordon and Gotch, 325; Goldsbrough-Mort, 25s 4£d ; Greater J.D. Williams, 5s 7d; Morris Hedstrom. 18s: Electrolytic Zinc. 17s 9d ; Mount Lvell, 22s 4£d; Broken Hill Proprietary, 25s 3d; South Broken Hill, 48s 6d; Norths, 745; New Zealand debentures, 5£ per cent, 1937, £lll. Commonwealth bonds showed little variation.

Melbourne sales wereGoldsbroughMorf, 25s 3d; British Tobacco, 355; Dun-lop-Perdriau, pref.. 325; Electrolytic Zinc, 17s 9d; Herald and Weekly Times, 57s 3d; South Broken Hill, 495; Norths, 74s 3d.

FOREIGN EXCHANGES

STERLING STILL FALLING

(Received November 22. 6.25 p.m.)

British Wireless

RUGBY, Nov. 21

The following rates on foreign exchanges are current, compared with the cabled quotations on November 19 and par:—

Nov. 21 Nov. 19 Par. Montreal, dol. .. 3.775 3.775 4.866 New York, dol. . 3.271 3.285 4 866 Paris, fr. .. 815 9-16 83 15-1G 124.21 Brussels, belga .. 23.625 23.745 35.00 Geneva, fr. .. 17.045 17 3-32 25.22 Amsterdam, fl. .. 8.15 5.185 12.10 Milan, lire .. 63 15-1G 04.25 92.40 Berlin, r.m. 13.705 13.825 20.43 Stockholm, kr. .. 38.775 18.825 18.159 Copenhagen, kr. . 19 7-32 19.35 18.159 Oslo, kr. .. 19.G0 19; 18.159 Vienna, sch. .. 28 + 28t 34.585 Prague. kr. .. 110.50 111 164.25 Helsingfors, mark 230 230 129.23 Madrid, pes. .. 401 40.25 25.221 Lisbon, cscu. .. 108.50 109 110 Athens, dr. .. 580 580 375.00 Bucharest, lei. .. 5G2.5 567.50 813.6 Rio de Janeiro, mil. 52 55t 5.899 d Buenos Aires, dol. + t 47.619 d Montevideo, dol. 30t 30+ 51d Bombay, rupee .. 18 13-64 18 13-G1 ISd Shanghai, tael .. 21 11-10 21S Hongkong, dol. . 1(32 10 9-16 Yokohama, yen . 14J 14.75 24.58 d Batavia, fl. .. 8.17 Belgrade, din .. 242.50 tNominal. NEW YORK DECLINE NEW YORK, Nov. 21 The decline in sterling on the assumption that the United States Government will refuse the British request for a postponement of 'the December debt repayment continued unchecked to-day and touched 3 dollars 27 cents, a decline of 1-j cents and the lowest quotation since December 9, 1931.

CUSTOMS EXCHANGE RATES Rates of exchange ruling at tlie announced date of departure of tlie vessels named are shown in tlie following table. They are subject to confirmation by tlie Customs Department when the exact time of departure is learned on arrival of the vessels in New Zealand, finally declared rates being marked*: —

Cnnudian Leader, Canada, dollars . . 3.(18} City of Adelaide. America, dollars . . 3.'291 Golden Coast, America, dollars . . 3.30J A crank'!. Canada, dollars . . . . 3.77 Port Hunter, America, dollars .. 3.28} Melbourne Marii, Japan, yen . .. 15.50 d Monterey, America, dollars .. .. 3.305 Waihemo, America, dollars .. .. 3.312

VALUE OF THE POUND On the latest quotations £1 in Auck land is worth approximately:— s <1 18 0 in London. Q2 9 in Sydney. 12 H in New York. 33 104 in Montreal. 12 11 in Paris. ]2 H in Berlin. 29 9 in Yokohama. 12 1} in Batavia.

CALL AND DIVIDEND LIST D Lev-land-O'Brien—filial, Is a share To-day Dnhretv nnd Co.—final, 4 2s a share, free of British Income Tax 10-day Wilsons Cement—interim. Is a share .. • •• ... Nov. 28 Nat. Bank Australasia—£lo paid and £5 paid, interim, 25 p.c. Nov. 30 Farmers' Trading Co.—interim, A and B pref.. 3Jt p.c. . . PIOV. 30 Swan Brewery—half-year, pref., J r> c.; ord., Is 6d • . ••• il *„ ' E.S. and A Bank—final, 2 p.c. Nov. 30 Imperial Chemicals interim, ord p.c. . . • • • • -LJec. 1 Henry iones Co-op.—final, la 3d a share ..... •• • Dcc - 1 Bank N.Z.—interim, pref.. Ja 3d a. share, D pref., 3J p.c, .. Dec. 10 North Broken Hill—ls a shore Dec. 11 Mount Lyell—final, 6d a share (2J p.c. p.a.) Aus. currency Dec. J9