STOCK EXCHANGES

New Zealand Herald, Volume LXXV, Issue 23206, 28 November 1938, Page 7

STOCK EXCHANGES

SATURDAY'S SALES RETURN ON INVESTMENTS Following is a list of Saturday's transactions on tho Now Zealand Stock Exchanges and the yield at the quoted price. The exchange premium on dividends payable in sterling is included, and allowance is mado for British income tax where necessary, but no allowance is made for brokerage, nor are bonus dividends taken into account. Tho yield on Government loans includes redemption.

McKENZIE'S DIVIDEND Tho directors of McKenzie's Department Stores, Limited, have declared an interim dividend o/ 7 per cent, payable on December 20. Last year the interim payment was 9 per cent with a similar amount as- a final distribution, making 18 per cent per annum^

AUCKLAND EXCHANGE Sale l'rico .Rise or * Yield £ a <1 Fall £ s d Nat. Bk. N.Z. 2 8 0 -i>d 6 1 4 BankN.S.W. 30 5 Of 3 ID 0 Dom. Brew. . 1 12 <> -(id *0 15 5 Con. Brick . 0 7 !) +3d 10 6 4 Taranaki Oil 0 3 L 9 -3d — Also; Inscribed Stock. 15/3/39-13, 3%. AOS •is (id; ditto. 15/0/30-13. 3 l / a , £07 17s 6(1. WELLINGTON EXCHANGE Sale Price Yield £ s d £ s d Toohey's Breweries 1 10 9 4 13 8 Bkn. ilill Pty. (2) 2 10 (5 4 8 1 Colonial Sugar 48 2 6 3 2 4 Imp. Chem. (prcf.) _ „ (2) . . . . 1 2 11 4 7 3 N.Z. Farm. (A pf.) 1 14 9 0 4 0 CHRISTCHURCH EXCHANGE Bank N.Z. (2) .. 2 0 0 4 IS 1 West.-Stock, (ord.) 0 3 <i — Bkn. Hill Pty. r-') 2 lti 3 4 8 Dom. Fertilizer • • 13 3 5 U J N.Z. Farm. (A pf.) 1 10 0 SI; h Woolworths (Syd.) 1 0 "11 3 11 7 DUNEDIN EXCHANGE Stk., 15/0/52-55, 4 00 0 0 4 5 4 tPrevious sale cum interest. UNOFFICIAL LIST Quotations on the unofficial list ot tho Auckland Stock Exchange are: — liuyers Sellers ' £ s d £ s d Napier Woollen ., — 110 Selfridges tAust.) .0 7 6 0 12 6 Smith-Wylie .. — 0 6 0 Woolworths Proper. 15 0 16 0 THE MINING MARKET NO BUSINESS TRANSACTED RISE IN PRICE OF GOLD No mining business was transacted on the Auckland Stock Exchange on Sat-' urday morning. Levels for tho most part were weaker than on Friday, except in leading gold shares, which, in sympathy tvith tho rise in tho price of gold, tended to improve. Closing quotations were: — Buyers Sellers £ 9 d £ s d Alexander (ccn.) . — 0 8 6 Argo .. 0 1 7 0 2 0 Blackwatcr ., 0 17 o — Gillespie's Beach . 0 0 8 0 1 0 Golden Dawn . . — 0 2 0 Goldfields Dredg. : • 0 0 1 0 o 3'/„ Martha .. .. 0 10 5 0 11 0 Mataki Gold Dred. 0 0 6 — N.Z. Crown Mines 0 2 0 0 2 10 Skippers .. .. — 0 0 1 Waiihi Invest. .. 0 ~ S 4 0 S 0 Waifii Grand June. 0 2 10 — Australia and Fiji— Broken Hill South 10 9 1 10 0 Eir.peror ,. .. — 0 10 3 Loloma .. .. 12 3 — Mount Lyell .. 18 6 19 6 Mount Morgan .. 0 9 3 0 0 7 i Ditto (pref.) .. 110 14 0 North Broken Hill 2 S 0 2 10 0 .Rawang .. .. 0 8 3 — Triton .. .. 0 10 10 — SATURDAY'S BUSINESS Following is a list of Saturday's transactions in mining shares on New Zealand Stock Exchanges:— CHRISTCHURCH EXCHANGE Mount Morgan. 9s 3Vsd- , FOREIGN EXCHANGES STERLING STILL FALLING British Wirelesis RUGBY, Nov. 26 The following rates on foreign exchanges are current, compared with the cabled quotations yesterday and par:— Nov. 26 Nov. 25 Par Montreal, dol... 4.66 4.67% 4.866 New York, dol. 4.03% 4.64ft 4.86 Paris.fr. .. 178%, 178% 179.00 Brussels, belga.. 27.38 27.44 35.00 Geneva, fr. .. 20.39% 20.40 25.22 Amsterdam, gr. 8.51 % 8.53% 12.10 Milan, lire .. 83%, 83%„ 92.00 Berlin, r.m. .. 11.56 11.59 20.43* Stockholm, kr.., 30.41 19.41 18.159 Copenhagen, kr. 22.40 22.40 18.159 Oslo. kr. .. 19.90 19.90 18.159 Prague, kr. .. 135% 135% 164.25 Helsingfors, mark 226% 226% 193.23 Madrid, pes. .. t + 25.221 Lisbon, escu. .. 110% 110% 110 Athens, dr.. .. 547% 547% 375.00 Bucharest, lei... 655 055 813.6 Rio de Janeiro, m. 3% s d 3% 0 d 5.899d Buenos Aires, pes. 20.59 20.00 11.45 Montevideo, dol. 18%d 18%d 51d Bombay, rupee.. 17"/i«d 17*%,d 38d Shanghai, dol... 8%d 8%d — Hongkong, dol. 15d 15d — Yokohama, yen 14d lid 24.58d Batavia, gr. ,. 8.50 ' 8.52% 12.10 Belgrade, din. .. 211 211 270.31 Warsaw, zioty.. 25.55 25.55 43.38 NEW ZEALAND QUOTATIONS The Associated Banks (other than the Bank of New South Wales) quoted tho following dollar rates on Saturday on a New Zealand currency basis, subject to alteration without notice: — Selling: United States Canada T.T. . 3.09%, 3.71%„ On demand .. 3.60%, 3.71%, On demand .. 3.74%„ 3.76"/,* Following are the latest rates for purchases and sales of foreign exchange! quoted by the Bank of New South j Wales, Auckland. They are subject to j alteration without notice: — To £1 N.Z. T.T. On Demand Currency Selling Buying Selling U.S.A., dol. .. 3.7005 3.7498 3.7015 Canada, dol. . . 3.7189 3.7794 3.7199 Belgium, belga 21.771 22.311 2L7i6 Czecho'vakia, cr. 107.16 — 10<.48 Denmark, kr. . 17.753 18.2*9 17.755 Finland, marks . 177.45 180.uo 177.no France, fr. .. 141.36 — 141.38 Germany, r.m. . 9.153 — 9.155(3recce, drachmae 423.83 — 423.98 Holland, fl. .. 0.750 7.015 Italy, lire .. 70.288 *— *0.313 Java. fl. .. 0.724 0.980 6.726 Norway, kr. .. i•>..<>(> 10.202 oo Noumea, fr. .. 138.71 — 138.<8 Papeete, fr. .. 138.96 — latMW Sweden, kr. .. 15.J/0 1.1.882 l.»,.JS2 Switzerland, fr. 15.881 16,391 15.886 N.Z. pence to — Chnfoo, dol. . . Nominal Hongkong, dol. 18 59-01 18 21-04 18 50.61 India, rupee .. 22 37-04 22 7-04 22 3.-0-1 Ceylon, rupco . 22 3<-04 22 /-(14 22 37-61 Japan, yen .. 17 11-10 —•, 17 11-10 Manila, peso . . Nomina 1 Shanghai, dol. . Nominal Singapore, dol. 35 3-16 3123-01 3<> J-10 The cost in New Zealand currency of the pound sterling, and of the principal overseas units, on the latest quotations, is as follows: — Present Prico Par London, pound ■ .. 25 0.00 20 0.00 Mistralia. pound 19 11.88 20 0.00 Fiji, pound . .. 22 5.00 20 0.00 New York, dollar .. 5 4. id 4 1.31 Montreal, dollar . . 5 4.38 4 1.31 Paris, franc . .. 9 1.08 0 1.34 "Berlin, reichsmark . 2 1.94 0 11.71 Copenhagen, krone . 1 1.39 i 1.22 Yokohama, yen .. 1 5.50 2 O.oS CUSTOMS EXCHANGE RATES . Finally declared rates of exchange ruling at tho date of departure of vessels named are shown in the following table: — Port Auckland, Canada, dollars .. 4.81 Port Auckland, America, dollurs .. 4.70 Limerick, Canada, dollars .. .. 4.70 Limerick. America, dollars .. .. 4.i0