STOCK EXCHANGES

New Zealand Herald, Volume LXX, Issue 21421, 20 February 1933, 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. Ihe first column gives the figures at which the sales were made:— AUCKLAND EXCHANGE Return on Sale Price Investment £ad £ s d Stock,. 19"8. 4J (May Nov. i. 2 . . . . 96 0 0 Stock. 1937, 5J (Sep.M»r.) 100 10 0 ■ Bank of N.Z 2 3 9 * N.Z. Insurance . . -2 5 3 4 8 5 Colonial Sugar ... 53 5 0 4 13 11 Waihi 118 947 CHRISTCHURCH EXCHANGE Westport-Stockton Coal, 1933, 6j ' 50 0 0 Bank of N.Z 2 3 10 * Goldsbrough-Mort ..128 + N.Z. Refrig. (10s pd.) 0 3 7 N.Z. Breweries . . 1 610 * Electro. Zinc (pref.) 18 0 J WELLINGTON EXCHANGE N.Z. Drug . . . . 216 6 5 6 3 Wilsons Cement . . 1 9 3 616 9 DUNEDIN EXCHANGE The following sales took place:—Paddy's Point, 6s, 6s Id: Gillespie's B«.ch, Is 61d. •"Interim dividend reduced. ■(lnterim dividend passed. JDividend in arrears. DOLLAR EXCHANGE DOMINION RATES REVISED Current dollar exchanges as quoted by the New Zealand banks are as under, compared with previous quotations:— U.S. Dollars to £1 Feb. 3 Feb. 7 Feb. 13 Feb. 20 Buying . . 3.49 3.53 3.52 3.54 Selling .. 3.29 ,3.33 3.32 3.34 Canadian Dollars to £1 ■Buying . . 4.12 4.19 4.21 4.23 Selling . . 3.92 3.99 4.01 4.03 The rates quoted are for the conversion of dollars into English currency or English currency into dollars. Exchange i 3 charged or allowed on drafts or bills drawn in dollars in the same way as if drawn in English currency. GOLD AND SILVER QUOTATIONS IN LONDON* (Received February 19, 5.5 p.m.) LONDON, Feb. 18 Gold is quoted to-day at £6 0s 5d (nominal), compared with £6 0s 9id yesterday and £6 0s l£d on Thursday. • Silver was quoted yesterday at 16 13-16 d an oz. spot, and 16Jd forward, compared with 16 11-16 d and 16gd on Thursday. FOREIGN EXCHANGES 'STEADINESS OF STERLING British "Wireless RUGBY, Feb. 17 The following rates on foreign exchanges are current, compared with the cabled quotations on February 16 and par:— Feb. 17 Feb. 16 Par. Montreal, dol. k . 4.13$ 4.125 4.866 New York, dol. , . 3.445 3.43J 4.86G Paris, fr. . . . * 87.25 87 15-32 124.21 Brussels, belga, *. 24.525 24.565 35.00 Geneva, fr. .« 17.735 17.765 ' 25.22 Amsterdam, fl. .. 8.54 8.55 12.10 Milan, lire . v 67 5-16 67 3-16 92.46 Berlin, r.m. • . < 14 13-32 14.425 20.43Stockholm," kr. .. 18.90 18.85 18.159 Copenhagen, kr. * 22 7-13 22.45 18.159 Oslo, kr 19.55 19.55 18.159 Vienna, sch. .. 30+ 30+ 34.585 Prague, kr. . . 115.75 115.75 164.25 Helsingfors, mark 227 227 129.23 .Madrid, pes. .. 41.50 Lisbon, escu. k . 110 110 110 Athens, dr. ».• 600 600 375.00 Bucharest, lei. . . 580 580 813.6 RiodeJaneiro.mil. 5J+ 53+ 5.899 d Buenos Aires, dol. 41.50 41.50 47.619 d Montevideo, dolr * 33t _ 33t 51d Bombay, rupee ~ 18 5-32 18 5-32 18d Shanghai, tael . t 20 1915-16 Hongkong, dol. 15jf 15 9-32 Yokohama, yen *. 14.50 14.50 24.58 d Batavia, fl. . * Belgrade, din. » . 255 255 276.31 Warsaw, zlotya. . . tNominal 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 arrival of the vessels in New Zealand, finally declared rates being marked*:— Canadian Victor. Canada, dollars .. 3.82 Ardenvohr, America, dollars .. .. 3.35 Niagara, Canada, dollars . . .. 4.04 Port Gisborne, America, dollars . . 3.381 Canadian Scottish. Canada, dollars . . 3.84 Melbourne Maru, Japan, yen .. 14 15-16 d Golden Cloud, America, dollars .. 3.385 NEW ZEALAND MONEY ABROAD The cost in New Zealand currency of the pound sterling and of the principal foreign units, on the latest quotations, is as follows:—• Present Price Par «bd s d London, pound .. .. 24 11.58 20 0.00 Australia, pound .. 20 0.60 20 0.00 New York, dollar %. 7 5.73 4 1.31 Montreal, dollar .. 6 2.36 4 1.31 Paris, franc .. .. 0 3.43 0 1.98 Berlin, mark .. „. 1 9.04 0 11.74 Copenhagen, krone 1 L 36 1 1.22 Yokohama, yen . . .. 1 6.10 2 0.58 These valuations represent the current rates at which banks sell drafts payable on demand. FROZEN MEAT TRADE CANTERBURY'S JUBILEE The fiftieth birthday of the frozen meat industry in Canterbury fell last Thursday. It was on February 16, 1883, that the Canterbury Frozen Meat and Dairy Produce Export Company, Limited, began killing operations at its works at Belfast. The killing staff in those days comprised seven butchers and two other men. The butchers worked on contract, 50 sheep a day killed and dressed being their limit. WHEAT IN AMERICA (Received February 19, 5.5 p.m.) CHICAGO, Fob. 18 Wheat. —May, 47g cents a bushel; July, 48§ cents; September, 49£ cents. The New York quotation for cash is 56| cents. SYDNEY STOCK EXCHANGE SYDNEY, Feb. 18 This morning's sales on the Sydney Stock Exchange included :—Commercial 4 per cent bonds, 1938, £103; 1941, £lO3 ss; 1944, £lO3 16s; 1947, £104; 1950 and 1953 £lO2 17s 6d; 1955, £lO3 2s 6d; 1957, £lO3 10s; 1951, £lO4 3s 9d; £lO bonds, 4 per cent, 1938, £lO 4s 6d; 1961, £lO 7s; Colonial Sugar, £54 17a 6d; WinchcombeCareop, 245»