STOCK EXCHANGES

New Zealand Herald, Volume LXXV, Issue 23026, 2 May 1938, Page 5

STOCK EXCHANGES

SATURDAY'S SALES RETURN ON INVESTMENTS Following is a list of Saturday's transactions on the New Zealand Stock Kxchanges and the yield at the quoted price. The exchange premium on dividends payable in sterling is included, and allowance is made for British income tax where necessary. The yield on •1 per cent Government loans includes redemption. AUCKLAND EXCHANGE * Sale Price Ri*e or Yield £ s (1 Fall £ s d Electro. Zinc (ord.) .. 2 -2 0 +lsOd 7 2 10 U. J. Coles -Jo (• WELLINGTON EXCHANGE Sale Price Yield fsd £ s d Stk., 15/0/52-55. 4 101 0 0 3 15 5 Dunlop - Perdriau I 2 3 *(1 5 10 McKenzies a o 0 *5 :t 0 Taranaki Oil 0 7 7 1 — Woolwortlis (Syd.) 1 2 3 3 7 5 CHRISTCHURCH EXCHANGE Stk.. 15/2/13-40, 4 (2) . . 102 0 0 3 15 2 N.Z. •Kefrig. (I'l paid) . . 0 18 5 fi 10 0 Ditto (10s pd.) 0 8 3 G 13 4 X.Z. Breweries . . 2 4 0 3 10 5 Broken Hill Pt.v. 3 0 3 4 3 O Electro. Zinc (pf.) 2 5 0 0 11 3 Taranaki Oil . . 0 7 1 DUNEDIN EXCHANGE Stk., 16/2/43-40, 4 102 2 0 3 14 0 Woolwortlis (Syd.) 1 2 4 3 7 2 * Based on interim dividend at rat.o per annum. UNOFFICIAL LIST Quotations on the unofficial list of the Auckland Stock Exchange are: — Buyers Sellers £sd £ s d X.Z. Pcrp. Forests 2 o o Selfridges (Aust.) . 015 3 THE MINING MARKET DULL CONDITIONS RULE NO INQUIRY FOR BARRIERS The mining market on the Auckland ! Stock Exchange was again devoid of j business on Saturday morning, com- | pleting one of the quietest weeks on j record. There was no support for Bar- | riers or Mount Lyell shares. Other | issues were steady. Closing quotations were:— Bayers Sellers a; s d £ s d Argo .. .. 0 10 Golden Crown .. 0 310 0 4 2 Martha .. 0 15 0 0 15 5 Metaki Gold Eredg. 0 0 0 .Nlataki Junction . 0 10 Mossy Creek . . 0 12 Skippers . . . 0 0 1 Wailii Investments & Exploration 0 8 0 Waihi Clrand June. 0 2 0 0 3 0 Australia and Fiji— Broken HiM South 1 11 0 Mount Lyell .. Mount Morgan .. 0 8 11 0 0 3 Ditto (pre.f., 8s paid) 0 0 0 0 0 S Plater Development 3 0 0 Bawang . . . . 0 S 0 0 8 G SATURDAY'S BUSINESS Following is a list; of Saturday's transactions in mining shares on New Zealand Stock Exchanges:— CHRISTCHURCH EXCHANGE Mount Lyell. 27s 2d. 27s Id; Skippers, /id (2). SHOES AND LEATHER THE MARKETS ABROAD SLOWING-UP OF SALES Comment upon the situation in the European shoe and leather trade is made by W. Weddel and Company, London. in reviewing the hide market under date of March 17. The review states: — "The very uneasy and delicate international and political situation has probably accentuated the weaker-ten-dency of the market, and it is too early yet to say exactly how the position will develop. In the main, the market lias, to a large extent, been held up through the fact' that tanners holding fair sized quantities of leather cannot make any real headway in'their selling. "It would appear that prices arc naturally steady on the present low levels, but there is no substance in the bidding from the shoe manufacturers, who in turn complain of a similar position wth regard to the sale of shoes. In both cases the shoe manufacturer and the tanner have only very small supplies of raw material, but sizeable quantities of the finished article. This is exactly the situation in the United States, so until the hold-up in the sale of shoes and leather articles comes to an end there cannot possibly be much improvement to the hide market, but a change for the better from the retail end can come at any time now." GOLD AND SILVER QUOTATIONS IN LONDON (Received May 1, 0.50 p.m.) LONDON, April 30 Fine gold is quoted to-day and -\esterdav at £6 IPs 6Jd an oz.. compared with £6 19s 6d on Thursday. Silver is quoted at 18 9-l(3d an o spot and 18Jd forward, compared with 18id and 18 U-16d on Thursday. The quotation for silver at per line oz. yesterday was 20 3-lGd, compared with' 20jjd oil Thursday. PRICES OF METALS ALL-ROUND DECLINES LONDON. April 20 Following nre,/to-day's quotations on the London metal market, compared with those of April 28: — April 20 April 28 Per Ton Per Ton . £ t s d £ s d Copper, stan., spot 30 5 o 30 1(> •' Copper, stan., 3 mos. 30 10 </ a 40 1 1 ,2 Copper! electrolytic 43 5 0 44 « 0 44 5 0 It 15 0 C °W"- eICCt " * ire 44 5 0 44 15 0 Trad soft.' spot' . It 10 4% IS 4 4% Lend! soft, forward 15 1 107 " • ,7 Spelter, spot ... ; 1? ]'* if Si elter. forward . 13 A ,] }\ 7 Tin. stan.. spot . M 1- » ' ;J Tin. stan.. 3 mos. 102 <> 3 10.1 COTTON, RUBBER, COPRA, ETC. (Received May 1, ">•"> P '".) LONDON, April 30 (Quotations on April 23 in parentheses) Cotton.— Spot, 4.80(1 (4.94d> a lb.; Juno delivery, 4.66 d (4.82 d May). libber.- —Para, 5Jd (53d) a lb.; plantation arid smoked,- s id (6 3-16(1). Jute.— April-May shipments, Lit lis 3d (£l7 7s Gd) a ton Copra. —April-Mav shipments, South Se-i sun-dried £ll to London and Rotterdam (£11) a ton; South Sea smoked, £lO 17s 6,1 to Marseilles and Genoa (£lO l«s. «<'); plantation. Kabaul. hot-air dried. £l2 to London and JUitterciam (£l2). Linseed 0i1.—£27 10s (£2/ los) a I Turpentine.—3ls 9d ,(!30s 9d) a ewt.