STOCK EXCHANGES

New Zealand Herald, Volume LXXVI, Issue 23276, 20 February 1939, Page 5

STOCK EXCHANGES

SATURDAY'S SALES RETURN ON INVESTMENTS Following is a list of Saturday's transactions on the New Zealand Stock 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, but no allowance is made for brokerago, nor are bonus dividends taken into account. The yield on Government loans includes redemption.

AUCKLAND EXCHANGE Sale Price Rise or Yield _ • £ s d Fall £ s d Stk.,ls/4/46-49. 4 ..09 15 0 -5s 4 5 7 N.Z. Insce.. 213 6 +3d 314 0 Dom. Brow. 1 11 0 *7 1 11 §N.Z. N'papers 18 6 Unofficial List.—Woolworths Properties (pref.), 26s 3d. WELLINGTON EXCHANGE Sale Price Yield £sd £ s d §Bank N.Z. . 1 19 3 5 1 11 §N.Z. Eefrig. (con.) 0 7 9 7 1 11 §G. J. Coles (2) . 318 11 *3 1G 0 §N.Z. Drug .. 3 5 0 418 6 Woolworths (Syd.) l 3 7% 314 1 Overseas list: §Woohvortlis Holdings (South Africa) 15s Id. Unofficial list: § Wool worths Properties (pref.) 26s 3d (odd lot); SJohn Fuller, 1/3/49, 4'A £6O. CHRISTCHURCH EXCHANGE N.Z. Breweries . 119 G 4 510 British Tobacco .. 2 10 0 4 0 0 Taranaki Oil .. OSS Ditto. (2) 0 S 10 DUNEDIN EXCHANGE Bonds, 15/2/43-46, 4 98 10 0 4 7 9 N.Z. Newspapers . 1 8 6 413 7 Woolworths (Syd.) 1 3 9 3 13 7 Also.—Stock, 15/3/39-43. 3V». £99 12s 6d. 'Based on interim dividend at rate per am num. §Sales completed after hours on previous day.

UNOFFICIAL LIST Quotations on the unofficial list of the Auckland Stock Exchange are: — Buyers Sellers ,£sd £ s d Ausit. Prov. Assurance 0 10 0 THE MINING MARKET CONDITIONS LITTLE CHANGED MOUNT MORGANS STEADIER

There was little alteration in the mining market on the Auckland Stock Exchange on Saturday. Business was done in Mount Morgans and Placers at late rates. ■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 (ord.). lis Id; Placer Development, 775. MINE TO BE CLOSED EXHAUSTION OF ORE BROKEN HILL PROPRIETARY SYDNEY, Feb. 18 The manager of the Broken Hill Proprietary mine, Mr. W. N. Cranz, announced to-day that the mine would cease operations on March 4. The decision to close it was the result of the workable ore being exhausted. Since work began at, the mine in 1884 about 12,300,000 tons of ore had been mined, and the aggregate value of the mineral extracted was about £160,000,000. Shareholders have received about £15,000,000 in dividends and bonus shares in the 54 years since the famous Broken Hill mine was opened in New South Wales. Originally it was expected the mine would be closed at the end of 1938, but apparently sufficient' work' was found to carry on. It was understood the staff, which numbered about 500; .was being transferred to other centres. For some years its silver-lead mine has been only a very small part of the Broken Hill Proprietary Company's activities, its steel works at Newcastle and associated enterprises now being the main sources of income. GOLD AND SILVER QUOTATIONS IN LONDON LONDON, Feb. 18 Fine gold is quoted to-day at £7 8s 3£d an oz., compared with £7 8s 4Jd yesterday, and on Thursday. Silver was quoted yesterday "at 20jjd an oz. spot, and 19 13-16 d forward, compared with 20jjd and 19Jd on Thursday. The quotation for silver at per fine oz. yesterday was 22gd, compared with 22ici on Thursday. COTTON, RUBBER, COPRA, ETC. (Received February It), 5.5 p.in.) LONDON, Feb. 18 (Quotations on February 11 in parentheses.) Cotton. —Spot, 5.15 d (5.07 d) a lb.; March delivery, 4.83 d (4.70 d). Rubber. —Para, 7d (6Jd) a lb.; plantation and smoked, 8 1-16 d (7 H-16d). Jute. —February - March shipments, £23 18s 9d (£23 17s 6d) a ton. Copra. —March - April shipments, South Sea, sun-dried, £lO to London and Rotterdam (£9 10s February March) a ton; South Sea, smoked, £9 15s to Marseilles and Genoa (£9 7s Gd); plantation, Rabaul hot-air dried, £lO 17s 6d to London and Rotterdam (£lO 10s). Linseed 0i1.—£24 2s 6d (£26 ss) a ton. Turpentine.— 35s 3d (34s 3d) a cwt. BRITISH TREASURY BILLS British Wireless LONDON, Feb. 17 The tptal amount applied for this week in tenders for £20,000,000 worth of Treasury bills was £70,135,000. The average rate per cent for bills at three months was 10s 6.4 d, compared with 10s 1.41 d lagt week.

Buyers Sellers Blackwater £ s d £ s d 0 13 6 Consol. Gold 0 11 0 Gillespie's Beach 0 0 6 0 1 0 Golden Dawn 0 2 0 Gold. Dredg. — 0 0 3Va Grey River 0 17 3 Koniata Reefs 0 6 0 0 8 0 Martha 0 12 0 0 12 0 N.Z, Crown Mines 0 2 2 0 3 0 Waihi Invest. 0 7 6 0 8 6 Waihi Gnd. June. 0 3 2 0 3 8 Australia and Fiji— Broken Hill South 1 6 0 1 7 S Emperor 0 10 0 G. Mines of Aus. _ 0 5 0 Loloma 1 1 0 Mount Kasi 0 4 2 _ Mount Lyell 1 6 0 1 8 0 Mt. Morgan (ord.) 0 11 1 0 11 5 Ditto (pref.) .. 1 1 0 — Notf;h Broken Hill 2 5 6 2 8 0 Placer Devel. 3 14 0 3 19 0 Rawang 0 6 0 — Sulphide Corp. .. — 0 8 0 Triton .. 0 0 10 — Wgfon. Alluvials — 0 5 0 Zinc Corp. 3 10 0 — Vict. Gold Drdg. 1 15 0 — '