STOCKS AND SHARES

New Zealand Herald, Volume LXXVII, Issue 23545, 4 January 1940, Page 3

STOCKS AND SHARES

AUSTRALIAN EXCHANGES STRENGTH OF INDUSTRIALS (Received January 3, 10 p.m.) • SYDNEY, Jan. 3 Leading industrial shares givo promise of .becoming firmer, while Broken Hill Proprietary stocks continue to make headway on the Sydney Stock Exchange. Sales to-day included: £ s d Bank New South . Wales . . 27 2 0 Commercial Banking, Sydney 38 1 I 0 Australian General Insurance 0 18 3 Australian Gas A . . . . 0 17 0 Tot tli's breweries .. .. 2 310 Ditto .. .. .. 2 3-1 3 A.C.I. .. .. .. 11!) 7 Ditto (con.) .. .. 0 1!) -IVa Ditto 0 II) 3 Bntisn Tobacco • .. .. 2 9 3 Ditto ..... .. 2 0 0 Broken Hill Pty. . . .. 4 16 Burns, Philp . . :. .. . 2 lf> 0 Cash Orders .. .. 0 15 G Coioniiil Sugar . . .. -1!) 15 0 Electrolytic Zinc .. .. 3 14 Ditto (pref.) .. .. 3 2 0 W. Atkins 13 0 \V. K Carpenter . . .. 2 5 0 Arahnra' . . .. .. 1 12 G Commonwealth Bonds. —l per cent, 10-11, £lOl 2s Gd; 1001, £lO2 IoS. ? .• MELBOURNE EXCHANGE £ S d . Commercial Banking, Sydney IS 17 0 Metropolitan Gas .. . . 13 30 0 Bradford Cotton .. .. 2 0 8 Dunlop-Pcrdriau .. .. OIS 7 Herald and Times .. .. 2 18 0 Emperor .. .. 014 8, Loloma .. .. .. 110 6 MINERAL WEALTH CANADA'S RECORD OUTPUT VITAL SUPPLIES FOR WAR (Received January 3, 0.50 p.m.) British "Wireless LONDON, Jan. 2 The value of mineral production in Canada in 1089 is estimated at 470,179,000 dollars—an all time high record, representing a 6 per cent increase over the preceding year and 3 per cent over 1937, when the previous highest level was reached. New output records are reported for antimony, gold, copper, zinc, nickel, Cadmium, crude petroleum, natural p;as, gypsum, sulphur and lime..Several new gold mines reached the production stage and the gold production field was widened. Iron ore was produced on a commercial scale for the first time in .16 years at Miehipicoten, Ontario, and this was perhaps the most significant development of the j'ear in the Canadian mining industry. A considerable amount of prospecting and development work was carried out in those metals and ores which have not as yet been produced to any great extent in Canada, hut which are important for war purposes. These metals include molybdenum, manganese, mercury and tungsteil. It is also reported that several new oil wells were brought into production in Alberta. It is noteworthy that in the output of refined copper, nickel, lead and zinc Canada is now in a better position to assist in the successful prosecution of the war than at the outbreak of hostilities in 191-1. SHARES AND DEBENTURES RULING LONDON LEVELS LONDON. Jan. 2 On the London Stock Exchange quotations for bank shares and other corporation debentures and stocks compare with those which ruled on December 19 as follows: — Dec. 10 Jan. 2 JC S d £ s d Bank A'asia .. 031 0* 533 0* E., S. and A. .. 3 8 0* 3 S 0* Union Bank .. ! 511 3* 511 3 .New South Wales '2O 0 0' 20 0 0* Nat. Bank N.Z. 1 <> 0* 3. 5 0* Hank N.Z. .. 1 0 01 1 0 0* British Tobacco . 115 3 Ila 0 Golds.-Mort . . 0 10 -IY* 0 1!) 4/j Dalgety .. .. 4JO 0* 412 0 I> and O. (def.) .11 4 1 / a» 110 Loan and Here. (4 _ p.c. deb.) .. 70 0 Ot 70 0 0 Ditto (ord.) .. 1" 0 0* 17 0 0 tOHered. 'Nominal. JEx div. RECORD BREWERY PROFIT CARLTON AND UNITED Carlton and United Breweries, Limited, Melbourne, reports a record prolit of £'528,892 for the year ended June 30, compared with £4 93,6(58 in the preceding year and £454,000 for 1936-37. The unchanged dividend of 12£_ per cent (2s 6d a share) requires £37,500 on the preference shares and £328,125 on the ordinary shares. The sum of £103,267 is transferred to reserve. The profit was struck after providing £67,857 for depreciation on fixed assets and £9317 for directors' fees and taxation. The consolidated profit and loss account of the company and Hs subsidiaries shows a net profit of £5 15,140.

EXPORT OF METALS COMMONWEALTH EMBARGO The export of an important range of metals from Australia without the approval of the Minister for Trade and Customs has been prohibited. The export embargo, which will not apply to normal trade with the Pacific Islands, has been imposed to conserve metals for national purposes, and to assist the maintenance of local prico control. The Minister for Trade and Customs said that the following metals had been placed on the prohibited list:—Copper bars, blocks and ingots and pig and scrap copper; tin concentrates, ingots and ore;, pig lead and scrap lead; and zinc bars, blocks, ingots and scrap.

FOREIGN EXCHANGE RATES LONDON. Jan. 2 Foreign exchange rates are: —NewYork (dollar), 4.003j 'Montreal (dollar), <1.45; Paris (franc), 1765; Amsterdam (gr.), 7.530; Brussels (belga), 23.875; Milan (lire), 77.75; Hongkong (dollar), 14 31-32 d; Shanghai (dollar), 4 11-16 d; Stockholm (kr.), 16.90: Copenhagen (kr.), 20.31; Batavia (fU), 7.44 to '7.54; Oslo (kr.), 17.70; Genera (fr.), 17.785; Bombay (rupee), 18d; Kobe (yen), 14 9-32 d. A message from New York quotes sterling at 3.95=y.

QUOTATIONS FOR METALS LONDON, Jan. 2 Tin quotations arc easier, as follows: —Spot: Buyers, £216 5s a ton; sellers, £246 15s. Forward: Buyers, .1:216; sellers. £246 ss. Other quotations are unchanged as follows: —Copper (refined), £49 10s a ton in the warehouse; copper, electrolytic, £62; lead, £25; spelter, £25 15s. All deliveries at buyers' premises. PRICE OF SILVER LONDON, Jan. 2 Silver is quoted at 22d a standard ounce, and 23$ d a fine ounce.