STOCK EXCHANGES

New Zealand Herald, Volume LXXVI, Issue 23487, 26 October 1939, Page 7

STOCK EXCHANGES

YESTERDAY'S SALES RETURN ON INVESTMENTS Following is a list of yesterday's transactions 011 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. The yield on Government loans and local body loans includes redemption and an allowance for brokerage. AUCKLAND EXCHANGE Salo Price Rise or Yield £ a d Fall £ s d Stock, 30/11/48. -1 (2) . . 100 12 0 +22S Gd 4 1 4 Do.. 15/3/4013. 4 .. 08 15 0 Do.. 15/2M340, •] .. 1)8 10 0 Ak. City, 1/1 /4102, -I'A .. 100 10 0 ... 4 0 8 Do., 1/1/4140. 'I'A ■ . 100 17 0 Coin. 13k. Aus. 015 7 +ld 4 10 11 N.Z. I usee. . 2 15 0 +3d 3 12 0 Ditto . . 2 14 11 +2d 3 12 10 Canty. Meat. (pref.) .. 6 0 0 ... 5 0 0 Auckland Gas 015 3 §Kotditi Timber 0 3 0 A.C.I. (2) . 2 1 (i +ls Od "3 7 (J Bkn. Hill (2) 3 10 0 6COII. Brick 0 7 10 -Id 12 15 4 Dunlop-Perd. 1 1 3 +3d 011 10 Klec. Zinc (pf.) 3 3 3 +0(1 4 14 11 Martha .. 0 8 (i -Is Id *l4 10 7 A150.—5A.C.1., 41s Od; ditto (con.), 13s Od (2); Broken Hill South. 32s Od. Overseas list: Woolworths Holdings (South Africa), lis 3d. lis 4d. WELLINGTON EXCHANGE Salo Prico Yield s (1 £ s d Stk. 30/11/48, 4 (2) 100 12 0 4 1 4 Do. 31/5/54-SS, 4 07 15 0 4 5 5 Bank N.Z. .. 1 10 3 5 1 11 Auckland Gas .. 0 15 3 *5 JS o §GoldsbroiiKh - Mort 1 11 3 2 .17 8 A.C.I 2 :l ;{ ♦;{ 711 British Tobacco .. 2 ;i 0 318 5 Ditto . . . . 2 113 3IS 1 Electro. Zinc . . 3 2 0 4 l(i 0 Nestles (S p.c. pf.) L 15 0 4 10 2 CHRISTCHURCH EXCHANGE Stk., 15/2/13-40, 4 OS 15 0 4 5 5 Do. 15/3/40-43, 4 OS 15 0 4 5 10 E.S. &A. Bank . 415 o 4 8 5 Bank N.S.W. . . 20 10 0 4 1 4 G oldsbrouffh-Mort (2) 1 .11 0 2 17 2 t , . . . . 1 11 S 2 Hi 10 British lobacco (2) 2 .11 0 318 r> Ditto .. .. 211 3 318 1 Broken Hill Pty. . 310 3 3 3 1 | T „ D j Uo •• 310 (i 3 211 I Electro. Zinc (pf.) (4) 3 3 0 4 15 3 Ditto (ord.) (2) 3 •_> 0 410 0 £y. Z - t d "'K (2) • • 3 9 0 412 0 Mt. Lyell .. 1 13 0 4 10 11 Also: Grey River, JGs lid; Mount Morgan, 10s 3d. DUNEDIN EXCHANGE Stk., 15/2/13-4G, 4 OS 10 0 4 5 10 Bank N.Z. (2) .. 1 19 3 5 1 11 §N.Z. Breweries .. 110 0 4 14 5 Electro Zinc (pref.) 3 2 0 4 10 0 Ditto (ord.) .. 3 2 0 410 0 Also: Broken Hill South, 335. •Based on interim dividend at rate per annum. day£> a ' C 3 completed after hours oa tho previous AUSTRALIAN DEALINGS WIDE BUSINESS RANGE PRICE VARIATIONS SMALL (.Received October 20, 5.15 p.m.) SYDNEY, Oct. 25 .turnover 011 tho Stock Exchange today covered a wide range of industrial shares. Price variations were small. Sales included:— £ s d Bank New South Wales . . 27 3 0 Australian Gas A ... <; 15 (j Tooth's Breweries . . . . 2 n fi Toohey's .. .. .. 1 7 0 Huddart-Parker . . . . 2IS 0 Aust. Iron and Steel (pref.) 1 5 0 -n.c.l. 1 15 7 Associated News .. . . 0 i<> q Anthony Hordern .. .. 013 r> Broken Hill Pty. .. .. 3 0 3 British Tobacco ... .. 2 7 0 Bradford Cotton .. .. 2 5 0 Burns, Philp .. .. 211 o Cash Orders . .. .. 015 0 Colonial Sugar (ex div., undisclosed rate) . . . . 47 0 0 Electrolytic Zinc .. . . 210 0 Ditto (pref.) .. .. 2 IS 0 General Industries .. .. 010 0 Woolworths (Sydney) ~ 12 6 Ditto (N.Z. delivery) .. 12 6 Mount Lyell . . .. 110 3 Rawang Tin .. .. 0 0 0 Placer Development .. 3 14 0 Austral N.Z. Gold .. .. 10 0 Commonwealth Bonds.—{ per cent, 1041. £lOl 12s Od; 1050, X'loo Os Od. MELBOURNE EXCHANGE On tlie Melbourne Stock Exchange sales included:— Union Bank .. .. 0 12 0 Metropolitan Gas .. .. 13 2 0 Carlton Brewery .. .. 3 2 0 Broken Hill Pty. . . .. 3 0 3 Dunlop-Perdriau .. .. 01s 6 Woolworths (Sydney) . . 124 New Broken Hill .. .. O 17 0 Emperor 0 10 0 Loloma 13 0 The sale of Colonial Sugar shares on the Sydney Exchange ex dividend at an undisclosed rate arises from the changed method of quoting shares ex dividend adopted in Australia and New Zealand on September 1. Shares are now quoted "ex dividend" 011 tho first day after that 011 which transfer books close for the payment of the dividend, whereas previously ex dividend quotation was given on the day of payment, which is usually sometime later. In the present case the Colonial Sugar Company lias closed its books preparatory to the payment of an interim dividend, hut has not yet announced the amount. Such a position was anticipated by the Stock Exchange Association of "New Zealand when it emphasised the necessity, under the new method, of secretaries and managers of companies whose shares are listed 011 New Zealand I exchanges advising the amount of dividends before the closing of transfer hooks. BUSINESS IN NEW YORK TURNOVER AGAIN HIGHER NEW YORK, Oct. 24 1 Turnover 011 the New York Stock Exchange to-dnv totalled 1,1(50.000 stocks and shares, against 970,000 on the previous day. MORE CONFIDENCE IN LONDON GILT-EDGED ISSUES .IMPROVE LONDON, Oct.. 21 ! r I he Stock Exchange is cheerful on J a more confident feeling regarding the < international situation. British funds t are strong and active. Australians and ' New Zeahinds arc firm. ROTOITI DIVIDEND The directors of Rotoiti Timber Company, Limited, recommend dividends for the year ended June 30 of £'(3 Ks per cent on prelerence shares, and 4 per cent on ordinary shares, payable on November 10. The rates arc unchanged, c t PRICES OF METALS 1 LONDON, Oct, 24 ; Tin is quoted at £2130 a ton, both '] for spot and forward delivery. Prices js for copper, lead and spelter arc unchanged. [ j C GOLD AND SILVER i LONDON, Ort. 21 . Gold remains at the lixed prico of £8 5s a fine ounce. Silver is quoted at 23|d an ounce for standard and 25Jd an ounce fine, (