STOCK EXCHANGES
SATURDAY'S SALES RETURN ON INVESTMENTS Following is iv list of Saturday's transactions on tlio New Zealand Stock Exchanges and tho yield at the quoted price. The exchange premium on dividends payable in sterling is included, and allowanco is mndo for British income tax where necessary. Tho yield on 4 per cent Government loans includes redemption.
UNOFFICIAL LIST Quotations on tho unofficial list of tho Auckland Stock Exchange are: — Buyers Sellers J0 s d £ s d Selfridges (Aust.) 0 13 0 THE MINING MARKET METAL ISSUES FIRMER TALISMAN DUBBOS EASE Values for metal issues' tended to firm a shade in the mining market on ihe Auckland Stock Exchange on Saturday. Although Mount Lyolls sold lower in a late transfer, levels closed firmer. Talisman Dtibbos eased in the first business for over a month, but Argos gained some ground. Closing quotations were —
SATURDAY'S BUSINESS Following is a list of Saturday's transactions in mining shares on New Zealand Stock Exchanges:— AUCKLAND EXCHANGE Argo, 2s oy 2 d; Talisman Dubbo, 8s; Mount Lyell, 28s. WELLINGTON EXCHANGE Mossy Creek, Is. CHRISTCHURCH EXCHANGE Mount Lyell, 27s lOd, 27s 9d; Mount Morgan, 10s 7d (3); North Broken Hill, <l6s lid, i -17s; Skippers, %d; Worksop Extended. Is oy 2 d. GOLD AND SILVER QUOTATIONS IN LONDON LONDON, July 10* Fine gold is quoted to-day at £7 Is 2.Jd an ounce, compared with £7 Is 2d yesterday, and £7 Is 2jd on Thursday. Silver is quoted afc 19 o-16d an ounce spot, and 19id forward, same as on Thursday. The quotation for silver at per fine ounce yesterday was 20Id, compared with 20 13-16 d on Thursday. INCREASE IN JAPAN ASSISTANCE TO COMPANIES The Japanese Finance Ministry's decision to increase the purchasing price of gold by 8 sen to 3 yen 85 sen per gramme is being followed by the Central Bank of Manehukuo. Hitherto the purchasing price of gold has been fixed oil the basis of the gold quotation in London and the London exchange rate. The present increase is computed on the basis of the American purchase price of gold, namely, .'55 dollars an ounce, and the Now York exchange rate, together with the cost of the shipment of »old abroad. No margin is left between the Government's purchase price and the foreign quotations for gold. Goldinining companies are expected to profit by about .'5,600.000 yen, or £210,000, through the new increase, as their annual production of gold is estimated at 450,000 kilograms.
PRICES OF METALS A FIRMER TENDENCY LONDON, July 15 Following are to-day's quotations on the London metal market, compared with those of July 14: —
Quotations for other metals, with last week's prices in parentheses, are:— Pig iron: Home trade, £o 9s (£5 9s) per ton. Antimony: British, £7O 10s (£7O 10s); foreign, £4O 10s * (£4O 15s) Molybdenite, £2 .3s* (£2 lis) a unit. Wolfram, Chinese, £2 12s* (£2 9s) a unit. •Nominal.
AUCKLAND EXCHANGE Halo Prico B too or Yield £ s d Fall £ h d Stk., 15/0/52-55, , 4 . . . 102 5 0 — 3 10 5 Nat. Bk. N.Z. 2 15 0 -Od 4 10 9 Bank N.Z . 2 8 9 — 4 11 ft Ditto . . 2 3 7 -2d 4 11 9 West port-Stock-ton (pref.) o 0 0 — 9 4 7 N.Z. Brew. . 2 3 a -f 3d 3 18 7 Broken Hill 2 19 0 -3d 4 4 0 Electro. Zinc 2 3 0 — 0 17 11 Woolworths (Syd.) .. 12 0 — 3 8 2 _ Also.—Inscribed Stock. 15/11/3S-52. 3%. £101 2s Ud. WELLINGTON EXCHANGE Salo Prico Yiold N.Z. Guar. Corp. £ s d 0 4 5 £ s d 0 12 1 Union Steam (pf.) 1 (i 3 4 3 11 David Jones 1 17 3 K 7 5 Electro. Zinc (pf.) 2 0 30 0 8 3 G. J. Coles (2) .. 4 1 3 4 0 2 Ditto 4 0 S 4 G S Taranaki Oil 0 13 8 Also: Inscribed Stock, 15/3/39-13. 3V„. £100 5s. CHRISTCHURCH EXCHANGE Bank N.Z. 2 3 0 4 11 ft British Tobacco .. 2 7 7 4 4 3 D.I.C. (pref.) 13 9 4 4 2 Dunlop • Perdriau 12 2 *0 0 1 (t. J. Coles 4 0 0 4 0 11 Taranaki Oil 0 13 9 Woolworths (Syd.) 12 0 a CO CO DUNEDIN EXCHANGE Union Steam (pf.) 10 3 4 8 11 N.Z. Breweries . . 2 3 6 3 18 2 G.J. Coles (2) .. 4 1 0 4 0 5 Ditto 4 13 4 0 2 N.Z! Drug 3 10 0 4 11 5 Taranaki Oil (2). . 0 13 9 — * Based on interim dividend at rate per annum.
Buyers Sellers £ s d £ s d Alexander .. 0 7 0 — Argo 0 1 10 — Bis: River 0 1 0 0 o 0 Blackwater 0 18 0 l 0 a Glut ha — 0 o G Con. Goldfields .. 0 s G — Gillespie's Beach . 0 0 9 0 1 6 Golden Crown 0 o 9 0 3 (i Golden Dawn — 0 o a Martha 0 11 7 0 12 0 Mataki Hold Drcd. 0 0 6 0 0 10 Mataki Junction .. — 0 1 o Talisman Dubbo . . 0 7 10 o 8 3 "Waihi Invest . . o 9 c, o CI 10 "Waihi Grand June. 0 o 0 0 3 o Australia and Fiji— Great Boulder 0 2 0 9 8 Bioken Hill South 1 11 6 1 14 0 Emperor 0 12 3 — North Kalgoorlie (1012) — 1 3 0 Mount Lyeil 1 7 9 1 8 9 Mount Morsan 0 10 7 o 10 9 North Broken Hill o 7 0 o 9 6 Placer Development 3 10 0 4 0 0 Rawangr o H 6 0 9 !) Wjrton. Alluvials 0 5 0 0 (S 0 Triton 0 0 0 0 10 0 New Occidental 0 12 3 —
July I 5 July 14 Per ton Per ton JC s d L' S d Copper, stan., spot ao o 0 ,'iS 1 1 a io'/ 2 Cop., stan., 3 nios. ao r> V"/ 3 .*{8 l(i Copper, electrolytic 4a io to 0 4a 0 to 0 44 10 0 44 0 0 Copper, elec., wire 44 10 0 44 0 bars 0 Lead, soft, spot . 11 J4 4 V2 10% 14 11 I0'/ 3 Lead, soft, forward 14 Hi 14 14 4'/a Spelter, spot 14 0 0 14 0 (J Spelter, forward 11 4 .1 1' ' /2 14 4 4'/a Tin, stan., spot . 101 2 a 100 7 0 Tin, stan., 3 irtos. lU'J 7 (i Jul r_> (i
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Bibliographic details
New Zealand Herald, Volume LXXV, Issue 23092, 18 July 1938, Page 5
Word Count
1,074STOCK EXCHANGES New Zealand Herald, Volume LXXV, Issue 23092, 18 July 1938, Page 5
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