STOCK EXCHANGES

New Zealand Herald, Volume LXXV, Issue 23068, 20 June 1938, Page 7

STOCK EXCHANGES

SATURDAY'S SALES RETURN ON INVESTMENTS Following is a list of Saturday's transactions 011 the New Zealand Stock Exchanges and the yield at the quoted price. Tlio exchange premium on dividends payable in sterling is included, and allowance is made for British income tax where necessary. The yield 011 -1 per cent Government loans includes redemption. AUCKLAND EXCHANGE Salo Price Rise or Yield

Woolworths (Syd.) (•>) . . . . 1 0 0 313 8 Also.—Woolworths Prop, (rights), 3s yd (2). UNOFFICIAL LIST Quotations on the unofficial lis£ of the Auckland Stock Exchange are: — Buyers Sellers £sd £ s d National Tobacco.. Silknit .. .. THE MINING MARKET METAL SHARES EASIER MOUNT MORGANS STEADY Business was practically at a standstill in the mining market on the Auckland Stock Exchange -on Saturday morning. The only transaction recorded was in Mount Morgans, which changed hands at late rates. Other metals again showed a slightly easier trend. No interest was displayed in North Broken Hills Gold shares showed no improvement. Closing quotations were:—

SATURDAY'S BUSINESS Following is a list of Saturday's transactions in mining shares on New Zealand Stock Exchanges:— AUCKLAND EXCHANGE Mount Morgan. 8s Gd. CHRISTCHURCH EXCHANGE Broken Hill South, 23s lOd, 23s Od; Mount Lyell, 22s Gd: Mount Morgan, Ss 5d (3); North Broken Hill, 30s Gd. SYDNEY STOCK EXCHANGE BUSINESS ON SATURDAY V SYDNEY, June 18 Business on the Sydney Stock Exchange to-day included: — £ s d

Commonwealth Bonds.—4 per cent, 1038, £IOO 12s Od; 1941, £lOl 3s Od; 1014, £ 101 10s Od; 1017. £lO2 15s; 1950, £lO3 8s Od; 1053, £lOl 2s Od; 1055. £lO2 17s Od; 1057, £lO3 Gs 3d; 1050, £lO3 12s Od. GOLD AND SILVER QUOTATIONS IN LONDON (Received June 19, 6.30 p.m.) LONDON, June 18 Fine gold is quoted to-day at £7 Os lOd an oz., compared with £7 Os IOJd yesterday and £7 Os lOd on Thursday. Silver is quoted at IS 11-16 d an oz. spot and 38« d forward, compared with 18;Jd and 18 7-1 Gd yesterday. The quotation for silver at per fine oa. yesterday was 20.' t d, compared with 20 5-16 d on Thursday. PRICES OF METALS SHARP RISE IN TIN LONDON. Juno 17 Following are to-day's quotations on thq London metal market, compared with those of June 16: —

Quotations for other metals, with Inst week's prices in parentheses, are: — Pig iron: Home trade, £5 9s (£5 9s) i)or ton. Antimony: British, £7O 10s (*£7o ]0») ; foreign, £4l (*£4.'i). ]\l(ilyh(lenit'?. *£l2 Jss (£2 .'3s) a unit. AYolfram, Chinese, £2 lis 6<l (£2 7s (3d) a unit. "Nominal. COPPER OUTPUT SEVEN COMPANIES TO CUT (Received Juno 10, 5.5 p.m.) LONDON, Juno 18 Seven non-United States copper producers sprung a surprise announcement that they are cutting their output on July 1 from 100 per cent to 95, lowering tho output, by 10,001) tons a mouth. The deterioration of the position was caused solely by the precipitate fall of United States consumption and fears that American exports would continue at a high, level.

£ s d Fall £ s d Aurk. liar. Bd.. 0/7/57, -l l / 4 100 10 0 — 3 IS 0 Bank N.Z. . 3 6 — 4 11 11 Brokiyi Hill 17 0 -Is 3d 4 7 S Ditto ('_>) . 1(5 i) -Is ltd 4 7 11 Col. Sugar CI) -17 0 0 —-S (id 3 3 11) Moturoa Oil 0 (J o — Taranaki Oil u 13 li -Sd — Woolworths (Syd.) 1 <i G — 3 13 3 Also.—"Woolworths Properties (riffhts), Ss Gil. WELLINGTON EXCHANGE Sale Price Yield £ s d £ s d Bankers A Traders J 11 lOVa 4 <2 4 O X. Z. Breweries .. o 1 4 '2 3 Aiist. Glass ■I 13 iy 3 3 4 li Broken Hill Pty. o 17 o •i 7 8 Taranaki Oil 0 13 t) — Ditto 0 13 — CHRISTCHURCH EXCHANGE Bank N.Z. •J .3 a 4 11 11 Goldstirough Mort I G G 5 5 8 Cliristehurdi Gas l 7 G fl 1 1U West port - Stockton 0 3 f-i/ ' /a — Ditto 0 3 G — Ditto (pref.) (2) 0 7 0 8 11 5 British Tobacco . . •_> G 3 4 G G Broken Hill Pty. o 1G 0 4 • 0 3 N.Z. Befrig. (10s paid) 0 s 5 G 10 S Taranaki Oil 0 13 7 — DUNEDIN EXCHANGE

Buyers Sellers * £ s d £ s d Clutha (.. — . 0 o 0 Gillespie's Beach . — 0 0 1 0 Golden Crown 0 o 0 3 0 Golden Dawn 0 0 0 (1 n (i Goldfields Dredging It 0 n (1 0 3 Va Martha 0 JO 3 4 0 11 0 Mataki Gold Dredg. 0 0 0 — 3 Mataki Junction . — 1 Molyneux Dredge . — 0 o 0 Mossy Creek — 0 1 Talisman Dubbo . . 0 7 9 0 8 0 Waihi Invest, and 0 0 Exploration n 8 3 0 Waihi Grand June. 0 o G 0 3 1 Australia and FijiBroken I-lill South i 3 n 1 5 0 New Occidental .. 0 0 ft — n Mount Lyell I I 1 o Mount Moruan .. n S o 0 $ 7 Placer Development 3 13 6 3 lfi 0 Kawanf? . . 0 ft o 0 H 0 Wctn. Alluvials .. 0 5 6 0 6 0 Zinc Corporation - .3 3 G —

Bank New South "Wales . 31 15 0 Howard Smith 1 0 Tooths Breweries .. . o 13 0 Anthony Ilordern .. 0 10 4Va Australian Glass British Tobacco - 4 12 }) '2 5 0 Broken Hill Proprietary . • o 18 u Colonial Sujjar 47 0 0 Dunlop-Perdriau .. . 0 10 (J

Juno 17 Juno 10 Per Ton Per Ton i; s d £ s d Copper, stan., spot 33 18 lV a 33 15 7 Mi Copper, stan., 3 mos. Copper, electrolytic , 31 3 1 Vi 31 0 0 3a r> to 0 38 5 to 0 31) 5 0 39 0 0 Copper, elect., wire 0 39 0 0 bars 39 5 Lead, soft, spot . 13 9 <lVa 13 9 •i Va Lead, soft, forward 13 9 4V 2 33 10 7'/a Spoiler, spot J 2 9 '1 Va 12 8 lVa Spelter, forward . Tin. stan., si>ot . 3'2 13 l'/a 12 13 1% 178 12 Ci 3 73 17 « Tin, stan., 3 mos. 179 7 (J 17-1 12 0