STOCK EXCHANGES

New Zealand Herald, Volume LXXVI, Issue 23505, 16 November 1939, Page 5

STOCK EXCHANGES

YESTERDAY'S SALES RETURN ON INVESTMENTS Following is a list of yesterday'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, nnd allowance is made for British income tax where necessary. The yield on Government loans and local body loans includes redemption and an allowanco for brokerage. AUCKLAND EXCHANGE

Sale Prico Rise o.r Yield .... , £ s d Fall" £ s d Stk., 15/3/40>l3, 4 (2) no 5 0 City Ak.. 1/1/4110 0 ••• 'l3 3 Mt. Lden, 1/4/4247, 4VI . . 100 10 0 Njfaruawahia, V f ' 7 0 0 4 10 S £at. Bk. N.Z. 2 1 3 Bank N.S.W. 30 7 (! +sos 310 0 Bank N.Z. . 2 1 G +3d 410 ft South British 2 (5 0 Do. (odd lot") 2 0 3 -3d 3 1 2 Golds.-Mort l ]2 o •"> ig 3 Auckland Gas (odd lot) . 030 0 +3d *5 12 G Do. (con.) 010 8 +Js2d *0 6 5 Huddart-Parker , ii or<^') r l , -,- 3 3 G +od *4 S 2 Alloys Steel (Aust.) .. o 5 S +3ssd Broken Hill 4 3 0 -Hid 3 0 3 Ditto . . 4 3 3 +od 3 0 2 Claude Neon (N.Z.) . . OIG 6 -Is 8 0 8 Doiu. Builders O 3 i) ... 3 0 0 0 farmers' Trad. 017 0 +4d S 4 S Moris Dock 0 J0 3 +lld 0 4 8 SN.Z. N'papcrs 1 10 0 N.Z. Refrig. (con.) . . 0 0 0 -Hid (5 2 3 Also.—Goldsbrouprh Mort. 325; §Taranaki Oil Development (rinhts), 4d; §Groy River, 3(is lid; Emperor, lis Od; Mount Morgan, 10s; Kawang, lis. WELLINGTON EXCHANGE Sale Price Yield ~£s d £ s d §Stk., 35/3/40-43,4 1»!) ft 0 4 5 1 Do., 15/4/40-10, 4 OS 2 G 4 G 1 Bank N.Z. (3) . . 2 13 417 O Auckland Gas (pd.) 0 IG 1 *5 11 11 Ditto (con.) .. 010 S *6 0 ft Ballins Brew. .. 0 0 2 Sl4 7 Dominion Brew. (2) 1 12 0 7 G G N.Z. Breweries (2) 13G V/ 3 434 1 Woolworths (byd.) 1 5 0 330 0 AVoolworths Props. 15 0 I3G 0 Also; North Broken Hill, 50s. Overseas list: Woolworths JUoldings (South Africa). 15s lOd (2). CHRISTCHURCH EXCHANGE Stk.. 15/1/53-57, 3Y a 02 17 G 4 5 2 §Do„ 15/2/43-10, 4 !)!) 0 0 1 ft 1 Ditto . . . . 00 5 0 4 4 3 Nat. Bank N.Z. . 2 4 3 514 11 N.Z. Breweries .. lig 3 433 0 Aust. Alloy Steel .0 5 0 Taranaki Oil Fids. 0 G 3 Also: Austral (N.Z.), 25s Gd (2); Mount Morgan, f)s lOd 10s; §ditto, Os Sd. Unofficial list: Associated Gold Dredgo (7s paid), 7s 3d. DUNEDIN EXCHANGE Stock, 15/0/52-55,4 90 2 G 4 4 1 Nat. Bank N.Z. . 2 4 3 ft 14 13 N.Z. Refrijr. (con.) 0 810 G 4 6 Dominion Fert. .. 1 5 3 4 ift i •Based on interim dividend at rate per annum. §Sa!es completed after hours on tho previous day. UNOFFICIAL LIST Alterations to quotations on the unofficial list yesterday Avere: — Buyers Sellers £sd £ s d Silknit .. . . 0 4 0 0 5 0 FOREIGN EXCHANGE QUOTATIONS IN LONDON LONDON, Nov. 14 Foreign exchange rates are:—New York (dollar), 4.002; Montreal (dollar), 4.45; Paris (franc), 176}; Amsterdam (gr.), 7.55; Brussels (belga), 24.450; Milan (lire), 77.50; Hongkong (dollar), 14 63-64 d; Shanghai (dollar), 5 7-32 d; Stockholm (kr.), 16.50; Copenhagen (kr.), 20.25; Batavia (fl.), 7.44 to 7.54; Oslo (kr.), 17.60; Geneva (fr.), 17.875; Bombay (rupee), lSd; Kobe (yen), 14 11-32 d. SHARES AND DEBENTURES RULING LONDON LEVELS LONDON, Nov. 34 Sales of debentures and shares on the London Stock Exchange to-day included the following, prices on October 31 being given for comparison. All rates are nominal:— Oct. 31 Nov. 14 £ s d it s d Daltrety (4 p.c. deb.) 72 0 0 74 () 0 British Tobacco .. 1 12 0 1 12 G Goldsbrough Mort . . 3 0 0 1 O o Dalgety .. .. 4 G 3 4 GlO '/ 2 P. and 0. (def.) . . 1 0 G 1 2 G

ISSUE OVER-SUBSCRIBED AUCKLAND CAS DEBENTURES The issue of debentures by the Auckland Gas Company, Limited, amounting to £120,000, already lias been oversubscribed. Applications were to have been open until November 30. The debentures carry interest at 5 per cent, with a currency of ten years. GOOD RUBBER PROSPECTS INCREASED WAR DEMAND Speaking at the annual meeting of the New Zealand Malay Rubber Company, Limited, in Dunedin, the chairman of directors, Mr. William E. Robertson, said that prospects were more favourable than they had been for some years. The export quota had been raised to 75 per cent for the OctoberDecember, 1930, quarter, and the latest quotation was 11 3-16 d per lb. Unlike previous war-time experiences, the demand and price had increased since the outbreak of war in Europe. The mechanisation of the armies and the greater use of aeroplanes were to some extent responsible, and the huge barter agreement between the United States and Great Britain, whereby the former country was to receive 80.000 tons of rubber as a reserve stock, would have considerable influence. The fact that Britain and France, together with America, were endeavouring to carry on their industries with as little disturbance as possible was also an important factor.

GOLD AND SILVER LONDON, Nov. 14 The price of gold is unchanged at £8 8s an ounce. Silver is quoted at 2'.i 5-lGd an ounce spot, and 25 3-10 d an ounce forward. PERPETUAL TRUSTEES [by TELKGiurn —rnF.ss association] DUNE DIN, Wednesday The Perpetual Trustees, Estate and Agency Company of New Zealand, Limited, has declared an unchanged interim dividend of Is a share for the half-year ended October 31. Payment will be made on November 24. The shares are paid to 18s. FARMERS' TRADING COMPANY The ink-rim dividend on the Farmers' Trading Company's A and B preference shares at 5 3-5 per cent per annum and on the C preference at 5 per cent per annum will be paid on November 30. J