STOCKS AND SHARES

New Zealand Herald, Volume LXXVI, Issue 23259, 31 January 1939, Page 5

STOCKS AND SHARES

HOLIDAY IN AUCKLAND QUIET SOUTHERN TRADING The Auckland Stock Exchange was closed yesterday, Anniversary Day. Business will bo resumed this morning. Trading on the three southern exchanges was quiet. Following is a list of yesterday's transactions on the New Zealand Stock Exchanges and the yield at tin? quoted price. Ihe exchange premium on diviilrnds payable in sterling is included,'and allowance is made for British income tax where necessary, but no allowance is made for brokerage. nor are bonus dividends taken into account. The yield on Government loans includes redemption. WELLINGTON EXCHANGE Sale Price Yield ii s (1 £ s d Stork, 15/1/40-40, , „ 4 . . . . 00 5 0 4 « 7 Coin. Bk. Aus. .. OHi 0 1 8 3 Ditto .. .. 015 U 4 8!) Bank .. 118 (I 5 3lt South British Ins. '2. 1 <> 3 5 Colonial Suffiir .. >l7 5 0 3 3 C §Keinpthornc-Prosser 3 5 II '1 '» " §Ditto . . . . 3 5 3 418 1 TUacduffs, Ltd. .. 0 3 0 I Wilsons Cement .. 015 10 4lt 10 Woolworths (X.Z.) 017 • 0 414 l §Ditto (Sydney) 1 111 3 8 J Ditto .. .. 1 111 3 8 7 Unofficial List— G. W. Wilton (pref.), 20s 10(1. CHRISTCHURCH EXCHANGE Com. Bank Aus. . . .O 15 11 4 8 0 X.7.. Insurance .. 2 15 O 3 12 0 Woolworths (Syd.) (2) . . . . 1 1 10 3 810 Also. —Christehurch City, 31/3/40-41, 4Vi, jClol; New Zealand Farmers' Co-operative. 10111, 4V 3 , 187 Ids; Ditt'l, 1J155, £S7 103. Unofficial list: Ballins Breweries, 8s 9d. DUNEDIN EXCHANGE litiral Bonds, J 5/0/47, 4.. US 15 0 4 8 7 Kaiapoi Woollen.. 0 4 0 7 0 0 X.Z. Breweries . . 2 1 0 4 2 11 Kempt horne-l'rosser (2) .. .. 3 5 0 4 18 0 § Ditto . . . . 3 5 0 4IS 0 Otairo Daily Times '2 1 0 4 4 4 Woolworths (Sydney) 1 1 10 3 810 §Sales completed after hours on previous day. THE MINING MARKET YESTERDAY'S BUSINESS Following is a list of yesterday's transactions in mining shares on New Zealand Stock Exchanges:— WELLINGTON EXCHANGE Sale Price Yield i' s d £ s d Martha .. 0 li. 0 *lO 3 7 Also.—Broken Hill South, 265. "Based on interim dividend at rate per annum. FOREIGN EXCHANGES The cost in New Zealand currency of the pound sterling, and of the principal overseas units, on tho latest quotations, | is as follows: —

Present Price Par s rl s d London, pound .. 25 0.00 2° Australia, pound .. U.» 11 »» 20 'M' 1 } Fiji, pound . .. 22 S.WJ 20 "' K) New York, rlollor .. 5 4.13 4 I.H Montreal, dollar .. 5 a.«B ;t Paris, franc . .. 0 1.6!) 0 1-Qj Berlin, reirhsniark .. 2 1 .75 0 Jl.<« Copenhagen, krone.. "I 1 -3f» 1 Yokohama, yen .. 1 5.0U 2 u.oo CUSTOMS EXCHANGE RATES Finally declared rates of exchange ruling at the date of departure of vessels named are shown in the following table: — Kozan Maru, Japan, yen .. .. ltd City of Glasgow, Canada, dollars .. 4.us City of Glasgow, America, dollars .. 4.67 CANADA'S HARVEST DECLINE IN PRICES REDUCTION OF 6 PER CENT The estimated value of the principal field crops in Canada in 19.58 was 527.419,000 dollars, or about £131,855,000, a reduction of 6 per cent from the 19.37 estimate. Low prices for cereals were mainly responsible. The Dominion Bureau of Statistics states that while the 1938 wheat production was nearly double that of 1937, the average farm price was only 57 cents, as compared with 1.02 dollars last year. Thus the value of the crop was only about 12,000,000 dollars, or about £3,000,000, greater. Increases in the production of oats, barley and rye in 1938 failed to offset declines in prices and the combined value of these crops was 35,694,000 dollars, or about £8,924,000 less than in 1937. Higher prices for potatoes in 1938 resulted in a value 691,000 dollars, or about £172.800, greater than in 1937, in spite of a reduced yield. With the exception of turnips, fodder corn and sugar beets, values lor all other crops were below thoso of a year ago. DAIRYING RESEARCH POSITIONS AT NEW BUREAU [from our own correspondent] LONDON, Jan. 5 After agreement by all the authorities concerned, the new Imperial Bureau of Dairy Science has been established at Shinfield, near Reading. Professor H. D. Kay, director of the .National Institute for Research in Dairying, has been appointed director, and Air. W. G. Sutton, from Massey Agricultural College, has been appointed deputy-director, and has now taken up his duties. The bureau is financed co-operatively by the Governments of the British Empire in the same way as the other Imperial agricultural bureaux. CALL AND DIVIDEND LIST Dividends— Duo Imperial Chemirals—pref., 5 p.c. p.a. . . . . . . To-day British Tobacco —pref., quarterly, ay, p.r. p.a. . . . . . . To-day Smith and Smith —pref., halfyearly, '_"/ a p.c. . . . . To-day J. C. Williamson, Ltd.—int., 3 p.c To-day Union Bunlt —final, Is stg. a share (.less tax at 3s Jd in it) .. .. .. To-morrow G. J. Coles —int., ord., 7V» p.c. To-morrow Berlei (N.Z.) —filial, 2s a share . Feb. '2 Christchurch Gas —final, 4 p.c. . Feb. u Trustees, Executors —iut.. & p.c. p.u. . . . . ... Feb. fi Auckland Gas—final, '2'/ t p.c. .. Feb. 7 Wellington Gas —final, I p.c. . . Feb. 7 N.Z. Insurance —interim, Is a share . . . . . . . Feb. 8 N.Z. Refrigerating—oV a p.c. .. Fbb. 8 Com. Bank Aiis. —int., pref., 4 p.c. p.a.; ord., (I '2-3 p.c. p.a. Feb. 10 Mt. Morgan—pref., half-yearly, 8 p.c. p.a. . . .. .. t eb. 15 Woohvorths (Syd.)—int., 10 p.c. pref., 5 p.c.; 7 p.c. pref., , ttVa p.c. .. . . Feb. 15 Queensland Nat. Bank —int., Wt p.c. p.a. . . r eb. 10 Bank N.S.W.—quarterly, fls a share . .. .. • • Feb. 23 Emperor Mines —(Jd a share .. 1' eb. 24 Broken Hill South—int., (id a share Mar. 15 Electrolytic Zinc —ord. and pref., int., (J p.c. .. .. .. Mar. 1/

Calls— Imperial Chrmicals—jtref., con., r.s a share To-flay Broken Hill Ply.—new. Os a share .. Mar. 81 Burns, £hilpr-new, 6s & share . April l