STOCK EXCHANGES

New Zealand Herald, Volume LXXV, Issue 23104, 1 August 1938, Page 7

STOCK EXCHANGES

SATURDAY'S SALES RETURN ON INVESTMENTS hollowing is a list of Saturdays transactions on the New Zealand StoeU Exchanges 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 4 per cent Government loans includes redemption.

annum. THE MINING MARKET QUIET CONDITIONS ONLY ONE . SALE REPORTED A quiet tono was evident in the mining market on the Auckland Stock Exchange on Saturday, when business was confined to Goldfiekls Dredging. The majority of issues were stationary. Closing quotations were:—

SATURDAY'S BUSINESS Following is a list of Saturday's transactions in mining shares on New Zealand Stock Exchanges:— AUCKLAND EXCHANGE Goldfields Dredging, 2V a d. CHRISTCHURCH EXCHANGE \" Sale Price Yield £bd £ s d Waihi Invest. .. 0 011 216 2 Also.—Mount Lyell, 28s Bd, 28s 7d; Mount Morcan. 10s Od (2). DUNEDIN EXCHANGE Mount Lyell, 28s £d (2), 28s 7d. BUSINESS AT SYDNEY EXCHANGE CLOSED TO-DAY SYDNEY, July 30 Stiles on the Sydney Stock Exchange to-dav included:—

Commonwealth Bonds.—4 per cent, 1938, £lOl ss; 1941, £lO2 ss; 1053. £lO3 ss; 1955, £lO3 103 The Exchange will be close to-day on account of a Dank holiday. PRICES OF METALS A FIRMER TENDENCY [LONDON, July 29 Following are to-day's quotations on the London metal market, compared with those of July 28:—

Quotations for other metals, with last week's prices in parentheses, are:—Pig iron: Home trade, £5 9s (£5 9s) per ton. Antimony: British, £7O 10s (£7O 10s); foreign, £4O ss* (£4O ss). Molybdenite, £2 3s* (£2 3s) a unit. Wolfram, Chinese, £2 14s* (£2 12s 6d) a unit.

NEW COMPANIES REGISTRATIONS IN SOUTH Registration of the following new companies in the South i 9 contained in tho Mercantile Gazette: — PRIVATE Vernon Smith, Limited (Dnnedin).—Capital, £3875, into 3875 shares of £1 each. Subscr hers: Dunedin—R. J. Smith, 3373; W. T. Crampton, 500; E. E. Walker, lj W. L. Moore, 1. Objects: Ironmongers, hardware me Gregory Hats, Limited (Wellington).— Capital, £3500, into 3 000 preference shares of £1 each and 2000 ordinary shares of £1 each. Subscribers: Wellington—J. C. W. Gregory, 1500 ord.; J. B. Robinson, 1000 ord • J. H. Robinson, 500 pref. Christchurch L m. Gregory, 500 pref. Objects: Milliners, f,rapera " PUBLIC ' Silica Bricks (Canty.). Limited (Christchurch).— Capital: £40,000. into £1 shares. Subscribers: Wainui —R. W. F. Newton, 200. Christchurch—B. O. Moore, 200; A. C. Harrison 200: 13. J. Finlayson, 200: P. L. Mansell! 100: J. F. Page, 200; v. G. Spiller, 200 Objects—Purchase exclusive right to and' manufacture sand limo bricks. Midland Finance Company, Limited (unristchurch). —Capital. £4OOO, into 8000 shares of 10s each. Subscribers: Christchurch—J. Penny, 500; S. H. Maddren, 500; K. N. Cook, '>00; O. M. Cook, 200; H. A. Martin, 200; N S. Cook, 1000; H. H. Cook, 1000. Objects—To acquiro business of Automobile Finance Company. BRITISH TREASURY BILLS British Wireless RUGBY, July 2f) The total amount applied for 111 tenders for £40,000,000 worth of Treasury bills was £82,390,000. The average rate per cent for bills at three months was 10s 1.90 d against 10s 6.13 d a week ago.

AUCKLAND EXCHANGE Sale Price Rise ct yield I s (1 Fall i; s d Bank N.S.W. 31 o 0 — 3 17 r> Coin. Bk. Aus (pref.) o jo 0 -Od 4 4 2 National Ins. 0 17 5 + ld 4 (5 2 Dom. I. anil B. 0 18 0 — 6 11 1 Farmers' Auet. (B pref.) . 1 0 « — 4 17 7 Dom. Brew. 1 it !) -3d 6 15 1 Broken Hill 3 1 3 +.ls 4 18 McKenzics . 3 f> 0 +2s ■ 5 10 !) Milne & Choyct* (deb.) O 13 0 +3(1 0 13 4 Wilsons Ceni'l 0 18 0 — 4 3 4 Overseas List.—Wool worths Holdings (South Africa), 15s yd. WELLINGTON EXCHANGE Salo Price I'ield £ s d £ s d Bank N.S.W. 31 5 0 3 1(3 9 Huddart - Parker (pref.) 1 8 11 4 3 1 Broken Hill Pty, 3 10 4 1 11 Ditto ('->) . t 3 13 4 18 CHRISTCI&JRCH EXCHANGE Aust. Glass 4 10 7 3 2 1 Beath and Co. 0 10 0 5 5 3 Elec. Zinc (ord.).. 2 3 0 0 17 4 Taranaki Oil 0 13 5 — Also.—Inscribed stock, 15/3/39-43. SV a , £100. DUNEDIN EXCHANGE Nat. Bank A'asia (.Co paid) 0 10 0 4 8 3 Carltoji Brewery .. 3 0 3 *4 10 7 •Based on interim dividend at rate per

Buyers Sollers A' s d £ s d Alexander 0 8 G — Big River . .. ' o a 3 0 1 4 Blackwater 0 17 0 1 0 0 Clutha 0 1 11 0 o 5 Con. GoldGelds 0 s 0 o lO l> Golden Crown — 0 3 G Golden Dawn 0 o 6 Goldfields Dredg — 0 0 3 Martha 0 11 4 0 12 0 Mataki Gold Dredg. 0 0 4 o 0 0 Mataki June. — 0 1 3 Talisman Dnbbo . — 0 8 3 Ditto (rights) . . 0 1 6 0 2 G Waihi Invests. & Exploration 0 9 0 0 10 1 Waihi Grand June. 0 2 10 0 3 4 Australia and Fiji— Great Bouider .. — 0 9 G Mt.. Kasi '. 0 4 3 0 5 G Broken Hill South 1 11 6 — Emperor . . 0 12 6 — Jjoloma 1 o 0 — Mt, Lyell 1 8 5 1 9 0 Mt. Morgan 0 10 9 0 10 11 North Broken Hill o 8 0 2 9 0 Placer Develop. a 18 0 4 0 0 Rawang 0 9 4 0 9 9 Wellington Alluvials 0 5 6 0 G 0 Zinc Corp. 4 12 6 4 19 0

" £ s d Australian Gas (A) .. Tooth's Brewery 7 10 0 2 15 0 Australian Glass 4 17 0 Broken Hill Pty. .. 3 0 3 Colonial Supar .. 48 12 6 Dunlop-Perdriau 1 2 6 Electrolytic Zino o 4 0 Ditto (pref.) 2 8 0

July 29 July 28 Per ton Per ton S, s d jE S d Copper, stan., spot 41 G 10% 40 15 0 Copper, stan., 3 mos. 41 13 r/a 40 16 4% Copper, electrolytic 46 5 to 0 40 10 0 to 47 5 0 40 15 0 Copper, elect., wire 10 0 4G 15 0 bars 47 Jjead, soft, spot .. 15 1 3 14 15 7% Lead, soft, forward 15 0 vy, 14 10 lOVa Spelter, spot 14 0 TA 13 19 4Va Spelter, forv/ard .. 14 4 4% 20 1G 3 Tin, stan., spot .. 19G 0 0 103 0 0 Tin, stan., 3 mos. 197 2 G 194 2 G