STOCK EXCHANGES

New Zealand Herald, Volume LXX, Issue 21503, 29 May 1933, Page 5

STOCK EXCHANGES

SATURDAY'S SALES RETURN ON INVESTMENTS Following is a list of Saturday's transactions on New Zealand Stock -<xc anges. In tho second column is given tho return, based on the last annual dividend, from investment at the quoted price. In calculating the return on shares in companies which pay their dividends outside New Zealand tho exchange rates have not been taken, into consideration. T}ie return on 4 per cent Government loans includes redemption. In the case of 3.J per cent loans the return is for interest alone, and covers only the period for which the loans are tax-free. No return is given on' local body securities and debentures in the meantime. AUCKLAND EXCHANGE Iteturn on bale Price Investment Bonds, 1949. 4 £8 d £8 d r)fuoi 1 "?95 t 5, ) 4 • • 100 10 0 403 ' * 100 10 ° 402 (Jan.-July) . . 100 7 6 4 0 9 Ditto. 1946, 4 J (Feb.-Aug.) , . 100 7 6 4 0 6 Ditto, 1949, 4 (Apl.-Oct.) . . 100 7 6 4 0 5 Ditto, 1955, 4 (June-Dec:.) . . 100 7 6 4 0 4 iN.zS. Insurance .. 2 8 7 4 2 4 9-"^ D ® land • • • • 211 0 318 S I*.Z. Newspapers . . 1 4 6 318 5 \\ llsons Cement . . 110 9 610 1 " allu • • . . 1 1 9 9 311 CHRISTCHURCH EXCHANGE Stock, 1955, 4 „, (J , un t; Dec ) .. 100 10 0 4 0 2 Cnch. Drn.,* 1965. 51 101 0 0 Com Bank Ans. (pf.) 817 0 dlO 5 Goldsbrough-Mort (2) 14 1 f Ditto . . ..140 + Electro. Zinc (pf.) . 111 0 I The following sales also took placeGolden Sands, 3s 5d (2) : OkariV>. lis 3d. WELLINGTON EXCHANGE Mount Lyell ..110 + +Tnterim dividend passed. J Dividend 12 months in arrears. FOREIGN EXCHANGES STERLING EASIER AGAIN British Wireless RUGBY, May 26 The following rates on foreign exchanges are current, compared with the cabled quotations on May 25 and par:— May 26 May 25 Par Montreal, dcil. .. 4.475 4.483 ; 4.866 New York, clol. . 3.905 3.912 4.866 Paris, fr. .. 85.75 85* 124.21 Brussels, bclga . 24.245 24.275 35.00 Geneva, fr. .. 17.475 17.525 25.22 Amsterdam, fl. 8.375 8.391 12.10 Milan, lire .. 65 64Jt 92.46 Berlin, r.m. .. 14.425 14 10-32 20.43 Stockholm, kr. . 19.45 19.45 18.159 Cooenhagen, kr. . 22.45 Oslo, kr. .. 19.70 19.70 18.159 Vienna, scb. .. 31+ 31+ 34.585 Prague, kr. .. 113.25 113.50 164.20 Helsingfors, mark 226.50 227 129.23 Madrid, pes. .. 39.50 39* 25.221 Lisbon, escuu .. 110 110 110 Athens,, dr. .. 590 590 375.00 Bucharest, lei. .. 572.50 570 813.6 Bio de Janeiro, mil. 4.75 d + 4.75dt 5.899 d Buenos Airesi, do!. 41.75 d 41.75 d 47.619 d Montevideo, dol. 34dt 34dt 51d Bombay, rupee . 18 5-G4d 18 5-64 d 18d "Shanghai, tael . IR.SOd 15d Hongkong, dol. . - Yokohama, yen . 14.75 d 14.75 d 24.55 d Batavia, fl. .. Belgrade, din. .. 250 250 276.31 Warsaw, zlotys . tNominal. *Pence to American dollar. NEW ZEALAND MONEY ABROAD Current do'lar exchanges, as quoted by the New Zealand banks, are as under, compared with previous quotations: — U.S. Dollar? to £1 Miiy 9 May 15 May 18 May 22 May 29 Buying . 4.07 4.07 4.01. 3.97 4.00 Selling . 3.87 3.57 3.81 3.77 3.80 Canadian Dollars to £1 Buying . 4.62 4.60 4.59 4.54 4.59 Selling . 4.42 4.40 4.39 4.34 4.37 The cost in New Zealand currency of the pound sterling and of the principal foreign ;inits, on the latest quotations, is as follows: — Present. Price Par sd s d London, pound . . . . 24 11.58 20 0.00 Australia, pound . . 20 0.00 20 0.00 New York, dollar . • 6 6.69 4 1.31 Montreal, dollar • . 5 8.58 4 1.31 Paris, franc . . . . o 3.50 o 1.98 Berlin, mark . . . . 1 8.78 0 11.74 Copenhagen,'' krone . . 1 1'.35 1 1.22 Yokohama, yen .. . . 1 6.42 2 0.58 These valuations represent the current rates at which banks sell drafts payable on demand.

CUSTOMS EXCHANGE RATES

Kates of exchange ruling at the announced dates of departure of the vessels named are shown in the following table. They are subject to confirmation by the Customs Department when tho exact time of departure is learned on arrival of the vessels in Now Zealand, finally declared rates being marked*:— Canadian Cruiser. Canada, dollars .. 4.14 City of Tokio, America, dollars .. J Golden Harvest, America, dollars . . 3.88 Golden Harvest, Canada, dollara . . 4.31 Canadian Challenger, Canada, dollars 4.41 Melbourne Marti, Japan, yen .. .. 14} d Niagara, Canada, dollars . • • • 4.40j

COTTON.. RUBBER, JUTE, ETC. (Received May 28, 5.5 p.m.) LONDON', May 27 (Quotations on May 19 in parentheses.) Cotton.—Spot, a lb.; June delivery, 5.83 d (5./4 d). Rubber. Para, old (4Jd) a lb plantation and smoked, <3 J-J-cl U °\lutel—June-July shipments, £l9 5s (£l9, May-Juno) a torn Copra.—June-July shipments, South Sea, £ll 2s 6,1 (£lO 12s a ton; plantation llabaul, £ll 5s (£lO Turpentine. —61s (60s 6d )a ton. TIN IN NEW YORK (Received May 28, 5.5 p.m.) NEW YORK, May 27 Tin (standard), Juno, is day at 35.20 cents a lb., compared with 32.85 cents on May 20. NORTHERN BOX COMPANY PROPOSAL FOR LIQUIDATION [from our own CORRESPONDENT J WHANGAREI, Saturday The twelfth annual niectjng of tbe North Auckland Co-operative Box Com pany was held at Kaitaia when repiesentatives from nine shareholding companies were present. , 1 The chairman, Mr.. J. H. Haywni 1, in reviewing tho position, stated at the laat annual meeting it was to t that tho time had come when the company should cease operations, and steps had been taken to realise gradually on its assets instead of sacrificing them m needless haste. , , The annual report and balance-sheet wero adopted. . lb was agreed that tho secretary be instructed to notify shareholders in due course of the definite proposal to put tho company into liquidation, the date of the necessary meeting of shareholders being left to the executive to. decide. The retiring directors, Messrs. J. I*. Barclay, W. J. Corner and W. Grounds were re-elect#;!. Mr. <7. H. Haywaid was subsequently re-elected chairman and managing director.