STOCK EXCHANGES

New Zealand Herald, Volume LXX, Issue 21561, 4 August 1933, Page 5

STOCK EXCHANGES

YESTERDAY'S SALES

RETURN ON INVESTMENTS Following is a list of yesterday's transactions' on New Zealand Stock Exchanges. In tlio second column is given tho return, based on the last annual dividend, from investment at tho 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. The return on 4 per cent Government loans includes redemption. In the case of 3J per cent loans the return is for interest aldne, and covers only the period for which tho loans are tax-free. No return is given on local body securities and debentures in tho meantime. AUCKLAND EXCHANGE Return on Snle Price Investment _,£ a d £ s d Stock, 15/6/55, 4 . . 100 12 G 313 10 Mt. Eden Borough, 1959, 5 (Jan.) . . 94 0 0 Nat. Bank Australasia (paid) . . . . 12 17 f. 3 17 8 Bank N.S.W. .. 32 5 0 3 5 1 Bank N.Z 2 9 S 4 11 0 Ditto .. . . 2 9 7 410 9 Union Bank . . 9 5 0 214 1 N.Z. Insurance (2) 2 12 R 3 16 2 South Brit. Insurance 310 0' 316 2 Goldsbrough-Mort . 16 6 117 9 Loan and Merc. . . 45 0 0 Renown Collieries (pi.) 0 0 10 ■ British Tobacco . . 114 0 310 7 N.Z. Drug (2) . . 3 6 0 410 10 Blackwater . . . . 18 6 815 5 Waihi Junction . . 0 3 8 9 110

The following sales also took place:— Alexander. 13s 6d paid, 20a (2).

WELLINGTON EXCHANGE Stock. 15/6/55, 4 .. 100 15 0 318 11 Bank N.S.W. .. 32 0 0 s 3 5 8 Union Bank .. 9 4 0 214 4 N.Z. Insurance .. 2 12 6 3 16 2 Ooldabrough-Mgrt .16 8 117 6 N.Z. Drug .. .. 3 6 0 410 10 The following sales also took place:— Alexander, 20s; Big River, Is sd. CHRISTCHURCH EXCHANGE Bonds, 15/6/55, 4 (2) 100 15 0 3 18 11 Stock. 15/1/40, 4 .. 101 0 0 317 4 Com. Bank Auo. .. 016 5 3 011 Com. Bank Sydney . 17 5 6 3 12 4 Ditto .. .. 17 7 0 312 1 Bank N.Z 2 9 6 4 10 10 Ditto . . . . 2 9 5 411 0 Union Bank . . . . 9 4 0 214 4 Ditto . . . . 9 3 6 211 6 Goldsbrougli-Mort . 16 6 117 9 Christchurch Gas (3) 1 7.6 4 7 3 N.Z. Breweries . . 113 2 4 4 6 British Tobacco . . 114 I . 310 5 Electro. Zino (pref.) 112 3 t Mount Lyell ..120 + (The Allowing sales also took place:— Commercial Bank of Sydney. £l7 6s", £l7 6s 6d: Alexander, 19s 7d, 19s 3d. 19s 6d, 19s 4d (2), 19s 3d, 19s 2d; Big River, Is s}d; Gillespie'e Beach, Is paid. Is lid; Lawson's Flat, Is paid. Is 3d (3). DUNEDIN EXCHANGE Goldsbrough-Mort , 16 6 117 9 N.Z. Breweries . . . 113 4 4 4 0 N.Z. Paper Milis (2) 1 7 0 5 3 8 Southland Meat (pd.) 211 6 413 2 The following sales also took place:— Lawson's Flat, Is 3d (2); Waitahu. 7s 4d. Unofficial list: Snowy River, 3s Gel; Bell' Hooper, lOd. tTnterim dividend passed. .Dividend 12 months in arrears. UNOFFICIAL LIST Quotations on the Auckland Stock Exchange for shares and debentures not quoted on the official list are:— Buyers Sellers •£Bd £ s d Auck. Farmers' Frees., 20s paid . . . . 015 0 10 0 Auck. Trotting Club, 31/3/34, S . . . . 85 0 0 Brit. Standard Cement-, 10s paid . . . . 0 5 0 Claude Neon Lights .17 0 Dominion Laundry 0 14 0 12 0 Investment Executive

Trust, pref. ..120 John Fuller. 1949, 61 65 0 0 Loyal (pref.)' .. 0 16 6 Majestic (Auck.),

IG/12/Jn. 7,1 . . Napier Brewery 0 16 0 Napier "Woollen Co. . 0 17 6 National Tobacco Co. 3 0 0 N.Z. Marble, deb., 71 Roberts' Stabiliser .061

S.C. Assurance Co. .010 S'.C. Investment and Rural. Develop. Soc. O 3 6 Sun Newspapers . . 0 3 .6 0 G 0 Williams' Rotary . . 0 0 6 —- "Weres, 5s paid . . 0 4 9 "Wilton Collieries .. 0 16 J? , Bell-Hooper. 6d paid 0 0 81 0 011 Long Trail .. .. Ditto (pref.) . . 0 2 3 Skippers. 3d paid . . 0 0 2 0 0 4 Snowy River . 0 3 0 0 .3 0 WRIGHT, STEPHENSON DEBENTURE STOCK INTEREST An explanation of adjustments in the rate of interest payable on its debenture stock has.been forwarded to the Auckland Stock Exchange by Wright, Stephenson and Company, Limited, who state there appears to be some misapprehension in the minds or investors. Tlio company states that according to the National Expenditure Adjustment Act tho net rate of interest cannot be reduced below o per cent, except in the case of company debentures issued free of income tax, where tho interest may bo reduced to 4J per cent. The rates of interest payable on the company's issues of debenture stock are now as follows: 7 per cent is reduced by 20 per cent to 5 3-5 per cent; 6 per cent is reduced to 5 per cent; and 5 per cent is reduced to 41 per cent. The last-named is the only tax-free stock.

BUTTER MARKET FIRM NEW ZEALAND 83s TO 85s Tho butter market in London remains firm at 83s to 85s per cwt. Merchants havo received tho following cablegrams from their London houses, dated August 2:— / Loaii and Mercantile Agency Company, Limited. 83s to 85s. The market is firm. Cheese: White, 48s 6d to 495. Tho market is steady. Coloured, 51s. The market is slow. . Joseph Nathan and Company, Limited, from' Trengrouse and Nathan. Limited.—Butter: 85s. The market is firm. Cheese: White, 48s; Coloured, 51s. Tho market is quiet. A H. Turnbull and Company, Limited, from W. Weddel and Company, Limited— Butter: New Zealand salted, 83s to 85s. Tho market is firm. Cheese: White, 495; coloured, 51s to 525. ~Dalgety and Company, Limited, from Samuel Page and Son.—Butter: New Zealand, finest salted, 83s to 80s; Danish, 98s to 100s; Australian, finest unsaited, 83s to 85s; finest salted, 82s to 84s; general average quality, <9s to 81s. The market is firm. Cheese: New Zealand, white, 48s to 495; coloured. 50s to 51s; Canadiftn, white and -coloured, 52s to 545; c.i.f., 00s to 525. The market is quiet. CALL AND DIVIDEND LIST Dividends— ... „ Chrislchurch Gas—-interim, 3 p.c. lo clay Com. Bank Aus.—final, ord.. 5 p.c. p.a., pref., 4 p.c. p.a. Aug. 10 Dom. Investment and BankinK—A. B and C shares, 4} p.c. p.a • ■ Au S- 10 New Zealand Insurance— final, Is a share . . . • ■ Aug. 1j Wellington Woollen—final, 2J p e . Aug. 17 Bank of N.S.W.—quarterly, 6s a share (Austral n currency) Aug. JO Elder Smith and Co.—final, 4 p.c. p.a. bept. 1 Standard Ins.—final, la 3d a share .. . . ..• Dept. N.Z. Farmers Fertiliser—s p c p.a. . • • • • Sept. 20 Broken Hill South-Is a share Sept. 22 Calls— Golconda Mines, Ltd.—ld a share i r . . • • • • Aug. 8 • "Waitahu—final. Gd a share . . Aug. 10