STOCKS AND SHARES

New Zealand Herald, Volume LXXV, Issue 23019, 22 April 1938, Page 5

STOCKS AND SHARES

BETTER TONE IN MARKET ' \ TRADING IN THE SOUTH Business was resumed on the Wellington, Christchurch and Duncdin Stock Exchanges yesterday after the Easter vacation. Tho Auckland Exchange will not resume until Tuesday. In Christchurch the market reopened to a much stronger tone, reflecting the upward movement which occurred on tho Australian Exchanges following an improvement in London. All sections showed strength on last week's closing values. .In banks Commercials of Australia sold better and Unions and English, Scottish and Australians were firmer on the levels. Pastorals had more inquiry and New Zealand Breweries advanced with a market between 44s and 1 44s 9d at tho close. In the miscellaneous section Australian leaders made progress. Broken Hill Proprietary were stronger in dealing at 60s 6d and Electrolytic Zinc ordinary wore also firmer. Coles moved up and Woohvorths were stronger on an ex-dividend basis. Mount JLyells were dealt in at 28s 6cl and 28s 3d and more were offered at the lower price. Following is a list of yesterday's transactions on the Southern Stock Exchanges and tho yield at the quoted price. Tho exchange premium on diviI donds* payable in sterling is included, and allowance is made for British income tax whero necessary. The yield on four per cent Government loans includes redemption. WELLINGTON EXCHANGE Salo Price Yield Lsd £ 8 d Stk.. 15/4/40-49, 4 102 2 6 3 14 0 Ditto . . . . 102 5 0 313 8 G. J. Coles .. 3 10 9* 3 15 1 Ditto . . . . 319 8* 315 2 Vict. Laundry . . 1 0 6 4 17 7 Also.—Mount Lyell, 28s; Skippers, VA (2). Unofficial list: Now Zealand Perpetual torcsts (con.), 15s 3d. CHRISTCHURCH EXCHANGE Cora. Bank Aus. 016 4 4 1 8 N.Z. Breweries (2) 2 4 6 316 5 British Tobacco .. 2 7 9 4 3 10 Bkn. Hill Pty. (2) 3 0 6 4 2 8 G. J. Coles . . 3 19 9* 3 15 1 Ditto . . 310 6* 315 5 Woohvorths (Syd., ex div.) . . 12 1 3 7 11 Ditto (3) .. . 1 22 3 7 8 Also.—G. J. Coles, 79s Sd; Mount Lyell, 28s Od (4), 28s 3d; Mount Morgan, »s -Id (3)j Grey River, 12s Od (3); Sandhills, IVA\ Broken Hill South, 31s. Overseas list: Woolworths Holdings (S.A.), 15s 3d (0). DUNEDIN EXCHANGE Bkn. Hill Pty. (2) 3 0 0 4 2 9 Also.—Stock, 15/11/88-52, 3V», £lO3 7s 6d: Sandhills, 2d. *Bascd on interim dividend at rate per annum. FOREIGN EXCHANGES FLUCTUATIONS IN LONDON British "Wireless RUGBY, April 20 The following rates on foreign exchanges are current, compared with the cabled quotations on April 19 and

! NEW ZEALAND QUOTATIONS The Associated Banks (other than the Bank of New South Wales) quoted the following dollar rates yesterday, on a New Zealand currency basis, subject to alteration without notice: —" Selling: United States Canada T.T 3.99% 4.01 18 /,, On demand .. 4.(>oy, # i.02"/ ia Buying: On demand . . 4.03 ,5 / x( , 4.06%# Following are the latest rates for purchases and sales of foreign exchange quoted by the Bank of New South Wales, Auckland. They are subject to alteration without notice; To £1 N.Z. T.T. On Demand Currency Selling Buying Selling U.S.A., dol . . 39.970 40.42G 40.019 Canada, dol. . . 40.102 40.637 40.232 Belgium, bclga 23.016 24.031 23.657 Czecho'vakia, cr. 1 1 1.40 Denmark, kr. . 17.893 18.203 17.899 Finland, Fin. ms. 170.13 185.33 179.23 France, fr. .. 125.18 Germany, r.m. . 9.880 Greece, drachmas 429.51 Holland, fi .7.150 7.316 7.100 Italy, lire .. 70.12 Java, fi. .. 7.133 7.323 7.137 Norway, kr. .. 15.891 10.241 15.897 Sweden, kr. . . 15.490 15.851 15.502 Switzerland, fr. ,17.330 17.705 17,335 Noumea, fr. .. 124.23 Papeete, fr. .. 121.28 N.Z. pence to— Hongkong, dol. 18 43-04 1.8 17-64 18 43-64 India, rupee 2235-64 22 15-04 22-35-64 Ceylon, rupee . 22 35-61 22 15-04 22 35-64 Japnn. yen 17 33-04 —• 17 33-01 .Shanghai, dol. Nominal Singapore, dol. 3 1 61-04 31% , 316i-Gl Chefoo. dol. . . Nominal Manila, peso 301-32 29 13-32 30 1-32 CUSTOMS EXCHANGE RATES Finally declared rates of exchange ruling at the date of departure of vessels named are shown in the following table: Wannka, Belgium, lielga . . 29.58 City of Yokohama, Canada, dollars 4.99 City of Yokohama, America, dollars . . 4.99 Kaipara, Canada, dollars .. .. 5.01 Kaipara, America, dollars .. .. 4.05 Naumhurg, America, dollars .. .. 4.99 BRITISH WAR LOAN

British Wireless RUGBY, April 20 War loan, 3} per cent, is quoted at £lO3 Is 3d, compared with £lO3 3s 9d yesterday. MINING SHARES IN LONDON LONDON, April 20 On the mining market to-day the following quotations ruled:—Clutha Rive«' Company, buyers, Is 7jd; sellers, Is 10Jd. Molyncux: ' River Company, buyers, sellers, Is ljd.

CALL AND DIVIDEND LIST Dividends— Due Dominion Pictures—int., pref.. 3 p.c. p.a.; ord., •(V 3 <J n share Apl. 20 United Provisions—int., pref., 8 P.c. P.a ~ A pi. no A nwifan mated Wireless—int., 5 p.c. Apl. 30 Drug Houses—int., 3 p.c. . . Apl. 30 United Building (Ak.) —int., 2 1 /, P.c Apl. 30 Macky. Logan—final, 3Vi p.c. and bonus, 1 p.c May 2 Arist. Iron and Steel—pref., 7% p.c. p.a. (less Htntutuory reduction) half-year to May 1, 1031 . May 2 Hank Adelaide—final, p.c. . . May 4 Martha Gold Milling—final, Is a share, free of income lax . , May 0 Union Oil—int.. fid a share . . May <1 Sharland and Co.—int., 2Vj p,c. May 10 E.S.A. Bank—int.. 3% p.c., ster- ( ling, less British income tax May 10 Loloma Gold—first. 1s a share May 27 Henry Jones—int., fld a'share .. Juno 1 CallsGolden Crown—Tth, 3d a share May 10 Burns, Philp—new, 5s a share .. Oct. 1

par: — Par A pi. 'JO A pi. 10 Montreal, dol. .. 0 01 s /. 5.02% 5.00% 4. SOU New York dol. 4.08% 4.80 Paris, fr. 1 ">8% 158 »/,« 105.00 Brussels, belga.. 2!>.57 20.03% 35.00 Geneva, fr. "21 .(>8 1 .«» 'J Amsterdam, gr. S.OO'Vta S.ilT'/i 1-J.IO Milan, lire 1»4' 3 /,, 05/, 02.00 Berlin, r.m. .. 12.30% 12.40% 20.13 Stockholm, kr... 10.40% i».40% 18.155) Copenhagen, kr. 22.40 22.40 18.150 Oslo, kr. .: 19.00 19.00 18.150 Vienna, sch. .. •J0% 20% 3-1.585 Prajrue, kr. 226% 143V, e 220% 1 W4 .25 Helsingfors, mark 103.23 Madrid, pes. .. 551 551 25.221 Lisbon, escu. . . lioM. U0'/„ 110 Athens, dr. 54 1 ' J 517% 375.00 Bucharest, lei... <>77% 077% 813.0 Rio de Janeiro, m. 'J u /i»d* yy,.d* 5.809d Montevideo, dol. •jtovifi: •20dJ 51 d Bombay, rupee.. 1 8%d :i s 1 id 18d Shanghai, dol... l.'i'/ad 13% d —. Hongkong, dol. i r> ia d 1 1 13 /i«d — Yokohama, yen lid 1-1(1 21.58d Batavia, gr. •.. 8.05 8.05J4 12.10 Belgrade, din... 2 Hi 21 <> 276.31 Warsaw, zloty. 20.34 20.34 43.38 tMarket Rate. 'Sellers.