STOCK EXCHANGES

New Zealand Herald, Volume LXXI, Issue 21793, 7 May 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 3J per cent loans is for interest alone and covers only the period for which the loans are taxfree.

AUCKLAND EXCHANGE Return mi Sale Price Investment aC R (I tC 8 c! Stock. 15/1/40. 4 .. 104 10 0 3 7 0 Ditto. 15/2/4 G. 4 . . 104 5 0 3 12 11 Bunk N.S.W. . . 33 2 fi 3 0 5 Bank N.Z . . . 210 9 3IS 10 Queensland Insurance 3 9 0 2IS 0 Guarantee Corp. . . 0 4 2 8 0 01 Taupiri Coal . . 016 0 0 5 0 Auckland Gas . . 1 5 4 4 610 Ditto . . . . 1 5 5 4 C 7 Northern Steam ..0 0 0 The following sales also took place:— Brian Boru, 2s; Freshford. Id; Maerewlienua, lid; Talisman Dubbo, l'Js lid, WELLINGTON EXCHANGE Nat. Bk. Aust. (£5 pd.) 6 7 0 3 IS 9 Bank N.Z 2 10 9 3 IS 10 Pukemiro Coal ..140 + Wellington Gas (2) . 117 6 4 5 4 Ditto " . . .. 117 5 4 5 6 Waihi Junction . . 0 4 9 7 0 4 The following sales also took place:— Mining House Concessions, s«d; Freshford, Id. CHRISTCHURCH EXCHANGE C'om. Bank Aust. . 010 11 219 1 Nat. Bk. Aus. (£5 pd.) 6 7 0 3 18 9 N.Z. Breweries . . 2 1 9 3 7 1 Staples Brewery . . 18 0 3 115 Dunlop-Perdriuu (2) 0 18 8 t N.Z. Refrig. (10s pd.) (2) 0 8 0 6 5 0 Waihi 1 14 9 5 15 1 Mount Lyell . . . 1 3 6 22 6 The following sales also took . place:— Freshford, Id. Golden Point, 2ld (2); Moonlight Nelson, Sd; Nevis Diesel, sld (3); Nokomai. Is 105 d; Rawpng Tin, 9s sd, 9s 4ld, 9s sd: Waitahu, 4s Gd. DUNEDIN EXCHANGE The following sales look place:—Mahakipawa, 8d; Nevis Diesel. sjd; Nokomai, Is lOd: Rawang Tin, 9s Gd. ■(lnterim dividend passed. ♦ Based on interim dividend rate. SYDNEY STOCK EXCHANGE SATURDAY'S BUSINESS SYDNEY, May 5 Sales on the Sydney Stock Exchange to-day included:—Commonwealth 4 per cent bonds: 1938, £lO6 2s Gd; 1911, £lO7 7s 6d; 1944, £lO7 8s 9d; 1947, £lO7 10s; 1950, £IOB Is 3d; 1957, £109; 1959, £lO7 ss; 1961, £IOS. Australian Gas, A shares, £8 3s 6d; B shares, £8 3s 6d; Associated News, 25s 7sd; Anthony Hordern, 16s; Henry Jones, 325; Dunlop-Perdriau, 18s 9d; Lustre Hosiery, 23s 6d; Wilcox-Mofflin, 14s. PRICES OF METALS TIN SLIGHTLY FIRMER (Received May G, 5.5 p.m.) LONDON, May 5 Following were yesterday's quotations on the London metal market compared with those of May 3: — May i May 3 Per ton Per ton i: s d X' s d Copper, stan., Bpot . . 32 10 32 11 10£ Copper, stan.. 3 inos. . 32 14 4J 32 10 <j Copper, electrolytic . . 35 10 0 35 1- G to to 36 0 0 36 0 0 Copper., elect., wire bars 36 0 0 36 0 0 Lead, soft, spot ..1139 11 6 3 Lead, soft, forward . . 11 11 3 11 13 9 Spelter, spot . . . 14 15 0 14 16 3 Spelter, forward .. 15 I 3 lu ~ b Tin. stan., spot . . 234 12 6 233 17 b Tin. etan., 3 mos. . . 232 7 6 231 17 6 Quotations lor other metals, with last week's prices in parentheses, are:— Pig iron: Home trade, £3 7s 6d (£3 7s 6d); export, £3 2s 6d (£3 2s 6d). Antimony: British. £l2 10s (£42 10s); foreign, £26 10s (£25 15s). Molybdenite, £1 16s (£1 16s) a unit. Wolfram, £2 Is 3d (£2 0s 6d a unit). SALES TAX RECEIPTS BUDGET ESTIMATE EXCEEDED Sales tax receipts during March amounted to £162,416, an increase of £18.785 over the February figures, according to the latest returns. Jor the 12 months ended March, sales tax collected by the Customs Department amounted'to £1,847,273. an excess of about £97,000 over the Budgetary estimate of £1,750,000 for the year. MORTGAGE BUSINESS INCREASE DURING MARCH Mortgage and land-transfer business in the Dominion during March again showed a substantial increase. J lie total value of mortgages registered in.March was £827,704, 17 per cent higlie£ than in February, while the consideration in respect of' land transfers registered during March was £987,502, an increase of 12 per cent over the February figure. GUARANTEE CORPORATION AUSTRALIAN FIRM'S CAPITAL Resolutions for the reduction of the capital of the Australian Guarantee Corporation, Limited, Sydney, have been agreed to by shareholders he capital is to be reduced from £900,000 in 850,000 ordinary and 100,000 inference shares, all of £1 each, to £B22,uC , in 800,000 ordinary shares of lia each and 100,000 preference shares ot LI each To effect tho reduction, paid-up capital, lost or unrepresented by available assets, is to be cancelled to the extent of 3s an ordinary share, and the nominal value of 369,007 unissued shares is to be reduced to Its each. LONDON FRUIT PRICES Dan Wiii 110 and Company, Limited, London, advises the prices for fruit:—Apples: C.0.1 , 8* lo lis 6d a case; Jonathan, 8s to 10s, Ballarat and Dunns, 8s to 10s Gd, Delicious, 9s to lis. Pears: B. llosc and D'Anjous, 13s to 14s; Ducomice, 12s 6d to i ls; Winter Coles, lis to los. There is a fair demand. CALL AND DIVIDEND LIST Dividends — . , Due Sharland and Co.—-interim, ord. and prcf .25 P.c. . . • • \ n N Z Newspanrrs-final, 2i p.c. . May 10 Donaghy's Rope-final. Is 3d a share 'V, " Talisman Dubbo-interun. Gd a shar o • • ' • MnJ 10 National Insurance— int., 4d a share • • . * . Broken Hill Ply-half-yearly. Is Bycrcfl, Ltd.—final, Is ld'n share May 16 Dalgety and Co—interim. 2} p.c. N.Z. (B PapeT Mih«-fi"nl. 4 pc. '.I May 21 & Ba tw An6 sU na " a I quarterly. 5s a si"' 6 •• , ■■ ilny ' rt;c p r f -'. 7 M- 3i Kv ld P n C B'hnre June 1 Bank New Zealand-final. 5 p.c.. Brok D en r nni iut'h-is Gd a share June 15 C "Reserve Bank N.Z.-£2 a. share June 1