STOCK EXCHANGES

New Zealand Herald, Volume LXXVI, Issue 23507, 18 November 1939, Page 7

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, 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 Sale Price Rise or Yield £ 8 d Fall £ a d Amah Bk. (Ak.), 1/3/41, G (2) .. OS 10 0 +lO3 611 1 Nat. Bk.N.Z. 2 4 3 Bk. N.Z. (('_') 2 1!) §Doiu. I. &B. 015 G -Gd GOO •Doni. Brew. (ord.) .. 114 0 +ls 3d *0 0 5 A.C.I. * . . 2 10 -Hid '3 7 0 Brit. Tobacco 2VI 9 -Ksd 315 10 Farmers' Trad. 0 17 0 8 4 8 G. J. Coles -1 0 G +3(l 4 13 2 M.K. Mfrs. O 4 G W'wtlis (Syd.) 1 5 0 —ld 310 .0 Also. —Grey River, 17s; Broken Hill South, 31s Od; Emperor, lis lOd. Unofficial list: Citizens' Permanent Building Society, lis. WELLINGTON EXCHANGE Sale Price Yield X - s d £ s d Stk., 31/5/51-58, 4 . . . . OS 5 0 4 4 8 §!*>., 15/5/40-52, 1 . . . . 07 0 0 4 5 1 §Bank N.S.W. .. 30 10 0 318 8 §Auck. Gas (con.) . 0 10 0 0 5 0 Bonds Hosiery .. 1 0 0 7 0 4 N.Z. Breweries .. 1 1G 1 *4 3 8 Wilsons Cement .. 0 10 0 3 10 0 Also: Emperor, lis lid. CHRISTCHURCH EXCHANGE Nat. Bank N.Z. . . 2 4 3 5 14 11 West.-Slock. (pf.) 0 7 10 7 13 2 N.Z. Breweries .. 1 10 3 *4 3 5 Ballins Brewery .. 0 !l fi *S S 5 Ditto .. .. 0 0 S *8 8 1 Macduffs (ord.) (2) 0 3 0 Overseas list: Woohvorth Holdings (South Africa), 15s Od. DUNEDIN EXCHANGE Stk., 15/4/40-49, 1 . . . . OS 15 0 4 2 0 Ditto . . .. Oil 0 0 4 2 3 §Com. Bank Aus. . 010 4 4 0 0 Bonds Hosiery .. 1 0 0 7 0 4 N.Z. Breweries .. 1 10 2 *4 3 0 Broken Hill Pty. .43 0 3 0 3 G. J. C'olcs .. 4 10 4 13 0 M.K. Manufacturers 0 4 7 N.Z. Paper Mills .1 5 3 5 10 11 Overseas list: Woolworths Holdings (South Africa). 15s Od (2). 'Based on interim dividend at rate per. annum.

§ Sales completed after hours on tlio vious day. ,

UNOFFICIAL LIST Alterations to quotations on tlie unofficial list yesterday were: — Buyers Sellers £ad £ s d Citz. Perm. Bldg. Soc. 0 0 0 „ Winstono (pref.) . 010 -0 0 1/9 AUSTRALIAN DEALINGS RESTRICTED TURNOVER COLONIAL SUGARS RISE (Received November 17, 9.21 p.m.) SYDNEY, Nov. 17 The higher dividend of the Colonial Sugar Refining Company, Limited, carried its shares to £49 5s on the Sydney Stock Exchange to-day. Share prices otherwise were firm, with restricted turnover. Sales included: — £ 8 d Com. Bk. Aus. (N.Z. deliv.) 0 15 3 Bank of New South Wales 20 1/ 0 Australian Gas (A) .. • • 0 1;' £ Howard Smith .. .. 1Felt and Textiles .. •• 1 I*' Tooth's Brewery .. .. _ 3J> 3 A.C.I. •• •• 130 0 British Tobacco .. .. -j 8 <> Broken Hill Pty. .. • • 313 3 Cash Orders -. • • '> }•'> Electro. .Zinc. .. • - 2 lf» . Hume Pipe (Anst.) .. .. J] 1" j! Millaqtiin Sugar .. .. 4 O Morts Dock - - • • 01' 3 William Adams .. .. 0 13 1J Woolworths (Syd.) • • • • 1 g Arahura (N.Z. delivery) . . 19 0 New Occidental (}>. Z. deln.) 011 1 Commonwealth Bonds. —4 per cent, 19-11. iIIUO 7s.Od; 1001, £IOL C>S.

MELBOURNE EXCHANGE Business oil tlio Melbourne market included:— £ g d Nat. Bk. A'asia (£10) (ex d.) 12 2 O Bank of New South Wales _> o 0 Bradford Cotton - . - • ~ * Broken Hill Pty 3 13 0 Dunlop-Perdriau .. •• J, iv « Electro. Zinc (pref.) 2 17 (> NEW YORK BUSINESS - NEW YORK, Nor, 16 Turnover on the New \ork Stock Exchange to-day totalled 820,000 stocks and shares, against 030,000 on tho picvious day. _____ BRUNNER COLLIERIES FURTHER LOSS REVEALED A loss of £6724, compared with a loss of £3339 in the previous year and a net profit of £3805 in 1937, is shown in the accounts of Brunner Collieries, Limited, for the year ended June 30. The loss is incurred after providing £1671 for interest on debentures and £I6OB for depreciation. The report states that the further loss is duo almost wholly to an increase in production costs.

Wages alone showed an increase of £6062 to £38,648. Employers' liability insurance at £2693 was £521 higher. Overhead expenses were greater by £456 and debenture interest was £244 less. The report states that the year ivas one of extreme difficulty, although turnover of 49,705 tons was slightly better than that of the previous year.

It has been decided to raise the output of the mine by the installation of an electric pump and other equipment, financial assistance being rendered by the Government. The report adds that it is imperative that the price of coal should bo increased, and, provided both the price and output can be increased, tho mine should bo in a position to make profits.

LONDON MINING MARKET LONDON, Nov. K5 Quotations on tho mining market, are: —Clutha, buyers, 7}d, sellers. 10} d; Molynoux, lid, 4}d. LONDON EXCHANGE RATES LONDON, Nov. 1(1 Foreign exehango rates are:—New York (dollar), 4.003; Montreal (dollar), 4.45; Paris (franc), 176.}; Amsterdam (gr.), 7.55; Brussels (belga), 24.475; Milan (lire), 77.50; Hongkong (dollar), 14 (5*3-6ld; Shanghai (dollar), 5 5-](sd; Stockholm (kr.), 16.80; Copenhagen (kr.), 20..37; Batavia (fl.), 7.44 to 7.54; Oslo.(kr.), 17.60; Geneva (fr.), 17.875; Bombay (rupee), 18d; Kobe (yen), 14 11.32 d.