STOCK EXCHANGES

New Zealand Herald, Volume LXXII, Issue 22119, 27 May 1935, Page 5

STOCK EXCHANGES

■ SATURDAY'S SALES i return on investments 11 Following is a list of Saturday' n transactions on New Zealand Stocl is Exchanges and the return from invest i- ment at the quoted price. The exclian^ r * d premium on dividends payable in ster ling is included in the .calculation o s returns. The yield on 4 per cent Gov ernment loans includes redemption ant • that on 3} per cent loans is for in s terest alone, and covers only the perioi h f° r ivhich the loans are tax-free. e AUCKLAND EXCHANGE * Return on Sale Price Investment <-, > i: s d £ s d (i Stock. 15/1/40. 4 .. 104 12 6 3 5 9 Auckland City, " 11'14-66. 41 ... 107 0 0 310 9 Com Bank Australia 015 3 3 5 7 B:ink New Zealand 210 6 319 Q ■N.Z. Insurance (2) 311 3 216 1 r , Loan and Mercantile 32 10 0 Union Steam (pref.) 1 7 6 4 0 0 • farmers' Trading .. 0 7 9} 5 2 8 * WELLINGTON EXCHANGE , Bank N.Z. (2) . . 210 9 3IS 9 L t.ion Bank (Melb. st (2) .. .. 817 0 3 9 9 # (2 V r -° mcial liat: ookoitlls lSydney), 90s CHRISTCHURCH EXCHANGE Com. Bank Australia 015 5 3 411 Bank New Zealand 210 0 40 0 Goldsbrough-Mort (2) 1 9 3 4 2 1 N.Z. Breweries (2) .. 212 6 213 4 Ditto .. 212 8 213 2 Anthony Hordern .. 017 6 British Tobacco .. IIS G 3 o 4 ~ D , itlo • • .. 118 5 32 6 Broken Hill Pty. .. 215 9 311 9 Dunlop-Perdriau . . 016 3 +6 3 1 N.Z. Refrig. (10s pd.) 0 611 6 3 4 Sun Newspaper ..060 Ditto (4) . . . . 0 6 7 Also: Sun Nevspaper, 6s Id, 6s 2d, 6s 3d, 6s sd, 6s f»d. Unofficial list: "Woolworths (Sydney), 90s. DUNEDIN EXCHANGE N.Z. Insurance .. 3 10 10 2 IS 5 N.Z. Breweries . . 212 0 213 30 N.Z. Refrig. (10s pd.) 0 9 0 6 2 3 Sun Newspaper ..0 6 0 ■(lnterim dividend passed. THE MINING MARKET WAIHIS SELL UNCHANGED MAHAKIPAWAS FIRMER Waihi minine shares had sale unchanged at 40s 3d on the Auckland i Stock Exchance on Saturday. Mahakij pa was were 2d higher on sale at lOd and Maori Gullies were fractionally firmer in business at Is 9d. Closing quotations were:— Buyers Sellers JEsd £sd Big River .. .. 023 026 Blackwater .. .. Con. Goldfields .. 0 17 0 Gillespie's Beach .. 0 13 0 16 Golconda .. 0 0 4 Golconda Holdings .. 0 18 Golden Dawn .. 0 22 Goldfields Dredg. .. * 0 0 5} Hauraki Consol. .. 0 0 9 Kin? Solomon .. 0 3 9 0 4 2 Komsta Reefs .. 0 5 0 0 6 0 Mahakipawa . . 0 0 9 0 0 lli Ditto (pref., 1930) 0 1 4* Maori _ Gully .018 Mataki Gold Dredg. 0 18 0 1 10J N.Z. Crown Mines .. 0 2 8 0 3 C Okarito .. .. 0 5 9 Skippers ... .. 0 0 1 0 0 3 Talisman Dubbo .. 011 0 011 9 Waihi 2 0 3 2 0 6 Waihi Grand June. 0 4 6 0 4 9 Kuala Kampar .. 012 4 Mt. Lyell .. . . 112 116 Mt. Morgan . .. 115 6 117 0 Placer Development 27 15 0 Rawang .. .. 0 7 3 SATURDAY'S BUSINESS Following is a list of Saturday's transactions in mining shares on New Zealand Stock Exchanges:— AUCKLAND EXCHANGE Return on Sale Price Investment £sd £ s d "Waihi .. .. 2 0 3 6 2 9 Also.—Maori Gully, Is 9d; Mahakipawa. lOd. WELLINGTON EXCHANGE Big River, 2s 4id (2); Maori Gully. Is SJd. CHRISTCHURCH EXCHANGE Skippers, 2d (2). SYDNEY STOCK EXCHANGE SATURDAY'S BUSINESS SYDNEY. May 25 Sales on the Sydney Stock Exchance to-day included: Commonwealth bonds —3 per cent. 1948, £97 15s; 3i per cent, 1948. £99 15s; 4 per cent, 1941, £103; 1944. £lO4 7s 6d; 1947. £106; 1957, £lO6 os; 1959 ; £lO6 2s 6d_. Commercial Bank of Sydney, £l7 16s; Anthony Hordern, 17s 9d; Colonial Sugar. £4l 12s 6d; Wilcox, Mofflin, 10s 7d. PRICES OF METALS TIN SLIGHTLY EASIER (Received May 26, 5.5 p.m.) LONDON. May 25 Following were yesterday's quotations on the London metal market compared with those of May 23: — May 24 May 23 Per ton Per ton £sd £ b d Copper, stan., spot . . 34 9 4£ 34 3 1* Coppfr, star.., 3 mos. 34 16 10J 34 10 74 Copper, electrolytic .. 37 15 0 37 12 6 to to 38 5 0 37 35 0 Copper, elf-c.. wire bars 38 5 0 37 15 0 Lead. soft, spot . . 14 11 3 14 11 3 Lend, soft, forward . . 14 12 6 14 12 6 Spelter, ppol 15 2 6 15 1 3 Spelter, forward 15 2 6 15 1 3 Tin. Btsn.. spot .. 231 12 6 232 0 0 Tin, stan., 3 mos. 224 0 0 224 7 fi Quotations for 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, £76 10s (£76 10s); foreign, £47 10s (£4B IOsK Molybdenite. £1 14s 6d (£1 14s 6dl a unit. Wolfram, £1 10s 6d (£1 lis 6d) a unit. BUILDING SOCIETY FUNDS LARGE AMOUNT AVAILABLE The large amount of money in the hands of building societies in New Zealand available for investment when there was a demand was referred to by Mr. E. EL S. Hamilton, chairman of directors of the United Building Society, Christchurch, in his address to the shareholders at the annual meeting. The demand for loans from societies had dropped in recent years, he said, but if the demand arose the societies could advance big sums without difficulty. "At a time when the mortgage business is so much under discussion it is not out of place, I think, to make a reference to the part played by the building societies of New Zealand in the provision of facilities for the purchase of homes," said Mr. Hamilton. "There are in existence 97 societies, of which 53 are permanent societies and 44 are terminating societies. " In recent years the conditions in the country have affected the demand for money, and the number of loans granted each year has been dropping, the total for the year ended March 31, 1934, being 1139 advances, amounting to £593.360, compared with 1639, amounting to £804,452, in the previous year. The statistics in the latest year book show that the building societies could advance a large amount without difficulty if there .were a demand."