STOCK EXCHANGES

New Zealand Herald, Volume LXXI, Issue 21717, 5 February 1934, Page 5

STOCK EXCHANGES

SATURDAY'S SALES RETURN ON INVESTMENTS Following is a list of Saturday's transactions on New Zealand Stock Exchanges and the return from investment .at the quoted price. The exchange premium on dividends payable in sterling is not included in the calculation of returns. The yield on 4 per cent Government loans includes redemption and that on per cent loans is for interest alone, and covers only .the period for which the loans are tax-free. AUCKLAND EXCHANGE Return, on Sale Price Investment i s d ilud Bank 3ST.Z. .. 2 9 9 } n 5! Ditto ~ M 210 0 4 0 01 Union Bank .« „ 10 0 0 2 10 0 AP. Assurance .. 010 31 1 211 L'itto .. 011 0 3 2 9 B ixroft .. ~ 22 3 4 6 9 Waihi Junction . . 0 4 3 7 210 'WELLINGTON EXCHANGE E.S. ancl A. Bank 515 0 232 2 Ditto (3) .. .. 515 6 211 11 Bank N.Z .. .. 2 9 8 . 4 0 CI Ditto (3) .. .. 2 10 0 4 0 0t Dnlgety > .. .. 10 9 0 2 710 N.Z. Guar. Corp. (2) 0 8 3 3 0 8 Wellington Gas . . 117 3 4 511 Ditto . . . . 117 6 4 5 4 Mount Lyell , . 1 5 G 119 3 CHRISTCHURCH EXCHANGE Cam. Bank Aus. (ex div.) . . , . 038 O 235 7 Bink N.Z 2 10 0 4 0 01 E.S. and A. Bank . 515 6 211 11 N.Z. Breweries ~ 206 3 92 Ditto .. .. 2 0 5 3 9 4 "Waihi .. ~ 1 10 2 6 12 7 Ditto . . ». 1 10 3 6 12 3 Morris Hedstrom • • 018 4J 4 7 1 Mount Xyell ~ 15 5 119 3 Electro. Zinc, (ord.) 3. 7 0 Tho following- sales also took place:— Gillespie's Beach, 2s sd; King Solomon, 4s j Mahafcipawa.. 3d. DUNEDIN EXCHANGE Bank A'fisia ,(2) .. 13 0 0 213 10 The following dale also took place:—Gillespie's Bes.ch, 2s sd. t Computed at 10 per cent per annum. INVESTMENT STOCKS DOMINION ISSUES FIRM CONVERSION PROSPECTS (Received February 4, 5.5 p.m.) LONDON. Feb. 3 On the London Stock Exchange giltedged stocks have developed strength owing to favourable revenue returns, and as there is still much money e<>eking investment in them their firmness seems likely to be maintained. Prices of Dominion stocks generally are well maintained fend a good result iti anticipated for the next Australian canversion loan, which cannot be far distant. The Financial News suggests that Australia might proceed at once to convert her loans redeemable 1935-45. When these are out of the way there -prill bo a gap of five years before any more conversions can be carried out. Australia, therefore, might as well feel that if she could make certain of converting the £62,422,000 worth of 193545 issues she could look ahead for five clear years. She would have to offer some small inducement to holders to accept conversion now and would, of course, have to pay in full the present interest to date when the loan becomes callable. EAST AFRICAN COFFEE EARLY STRIPPING OF TREES East African Coffee Plantations. Limited, Melbourne, has notified the Auckland Stock Exchange that a cablegram from the plantations advises that ciry weather at Savani estate is turning the balance of the crop. Owine to the danger from over-bearing it has been decided to strip the trees immediately in order to preserve them in best condition for next .year's crop. Asi a result the last, estimate of 400 tons for the current year's crop from all estates is reduced to between 335 and 345 tons. The company's A grade coffee realised £l3O a ton at the last sales. WINE FOR AMERICA AUSTRALIAN EXHIBIT NEW YORK, Feb. 2 A consignment of 77 cases of Ausiralian wine scheduled to arrive in New \ on February 9 for exhibition it the International Wine and Liquor I:.bow, has been granted an import peri lit. However, no permanent import ciuota for Australian goods has been f xed. • RUBBER, COTTON, JUTE, ETC. (Received February 4, 5.5 p m.) LOi'LON. Feb. ' (Quotations on January 27 in parent heses.) Cotton. —Spot, 6.29 d (6.07 d) a lb.; March delivery, 6.10 d (5.61 d, February). Rubber. —Para, 4id (4|d) a lb.: plantation and smoked, 4 27-32 d (i 13-ied). Jute. —March-April shipments, £l6 2s 6d (£l6 7s 6d, January-February) a ton. Copra.—February-March shipments. South Sea, £7' 12s 6d a ton (not quoted) ; South Sea, smoked, £7 12s Gd (£8); plantation. Kabaul, £8 (not qjoted). Linseed Oil. —£19 15s (£l9 15s) a tun. Turpentine.—47s 9d (46s 6cl) a cwt. QUOTATIONS FOR SILVER (Received February 4, 5.5 p.m.) LONDON, Feb. 3 Silver was quoted yesterday at 19Jd ail ounce spot and forward, compared t with 19 7-16 d both positions on Thurs- I duy. The quotation for silver at per fine ounce yesterday was 202 d, compared with 21d on Tin in* lay. CALL AND DIVIDEND LIST Dividends— Due Auckland Gab—final, 2f p.c. To-morrow Wellington Gas— final, 4 p.c. To-morrow IS'.Z. Insurance—int., Is a sh.no Feb. 14 Queensland Nat. Baiik—interim, 2 p.s., free State and Federal income tax Feb. 14 IJilvertoJi Tramway—interim, fid a share Feb. 28 i3nnk New South Wales— quar- , terly, 5b a share . . . . Feb. Gas—final, 3 p.c. . . Feb. kapier Gas—final, ord. and pref., Kuala Kampar—3d a share *.. Mar. 1 iSlectrolytic Zinc—pref., 8 p.c. pVa., for yenr ended Dec. 31 Mar. 14 lUroken' Hill South—ls Gd a shfir.s *. H ar " |'fat. Mort— final, 2J p.c. . . . Mar. !31der Smith—int., 4} p.c. p.a. . Mar. iSouthlarid Meat—final. 71 p.c. and bom; h 25 p.c Mar. Culls — S , , IJondigo Goldlight—3d a. share, mak ing 9d paid - . . • • To-day |3ell-Hoc<per—final, 3d *, share .