STOCKS AND SHARES

New Zealand Herald, Volume LXXVII, Issue 23618, 30 March 1940, Page 7

STOCKS AND SHARES

AUSTRALIAN DEALINGS LEADING INDUSTRIALS FIRMER (RiTPivrd March 8.10 p.m.) SYDXF.Y, March 'J!> Lending industrials were mostly stronger on the Stock Kxeliange to-day. hut tlu- hanking group was easier. Sales

LOSSES ON EXCHANGE DANISH FARMERS' PLIGHT STATE SUBSIDY GRANTED (Received Mnrrh r>.."> p.m.) COPENHAGEN, March 'Js Farmers arc millforiiijs under tlx" tall of the sterling rate, which was 22. 10 kr. to the pound heforo the war, and now is ]S. 1 kr. Tile Government has agreed to erants totalling £270,000 for seven months from April to subsidise sterling and reduce the prices of imported fodder. STERLING DEALINGS SUSPENDED BRAZIL RANK'S DKCLSIOX (Received March o.nr. p.m.) RIO DE JANEIRO. March 2S The Hank of Brazil lias announced that it is temporarily not dealing in sterling as from to-day.

SHAREMARKET INDICES New York Dow .Tonos' averages (1926 equals 100) and turnover on the New York Stock Exchange are as follows:

Highest in 19.'39.—Railroads, 35.90 (Seprember 27); industrials, 151.22 (September 12). Lowest in 1939: Railroads, 24.15 (April IS); industrials, 121.4 (April R). London Stock indices compiled by the I'inancial Tillies, London, are as follows (October 15, 1920. equals 100):

DOMINIONS' FINANCE STRENGTHENING EXPECTED • LONDON, March 'JB Mr. J. F. G. Gillat, chairman ol the Rank of Australasia, at the annual meeting. said it was reasonable to expect that, as a result of the war, Australia and New Zealand would strengthen their economic position. They both had means of increasing their sterling balances by the sale oi foodstuffs and war materials, although the large sums being expended on the war effort offset this to some extent. GUARANTEE CORPORATION INTERIM DIVIDEND DECLARED [nv tki.koh'aph tiikss association] "WELLINGTON, Friday . The New Zealand Guarantee Corporation, Limited, Wellington has declared an interim dividend ol Id a share, less social (security tax, payable on April 19. An interim dividend of 1 [d a share was paid in .March of last year, the filial dividend being 2d a share. H. C. URLWIN, LIMITED BONUS DISTRIBUTION The directors of H. C. ITrlwin, Limited. Christchiirch. report a net profit of CBOll for ihe year ended January 31. against £18:51 for the previous full year's operations, which ended August Ml. 1938. In addition (o the usual preference dividend 'of 6} " per cent, requiring CBIIS, it is proposed ngnin to pay 15 per cent on ordinary shares (CIS7S). as well as a dividend oi 2s a share ou (if).>o labour shares < C'(sos). and to transfer C-'iOO to reserve. In addition the directors recommend a special bonus of 50 per ecu! on ordinary capital by file distribution of one bonus share for every two ordinary shares held. 'lliis will absorb £62.">f) and leave .1:1521 to be carried forward.

FOREIGN EXCHANGE RATES LONDON", March 07 Foreign exchange rales urn: —New York (dollar). 1.001; Mnnfrnal (dollar). I. !■"); Paris (franc), 170^; Amstcrdain (nr.), 7.555; Brussels (liolga), 21!. (525; .Milan (lire). OS.00; Hongkong (dollar). II 57-Old; Shanghai (dollar), •lid: Stockholm (kr.), 16.00; Copenhagen (kr.). 17.51; Batavia (fl. >, 7.11 to 7.0 I; Oslo (kr.). 17.70; (iencva <fr.). 17.00; lioinlwy (rupee), 1 Sd; Kobe (vcit). 10 11-Old; Muenos Aims (pes.). 17.075. THE PRICE OF SILVER LONDON, March 2N Silver is quoted at, 20 7-16(1 a standard on nee and 22 1-16 d a lino ounce, against 20Jd and 21 Jd respectively on the previous day. DIRECTOR APPOINTED Mr. Harvey Turner lias boon appointed a director of San ford. Limited, to till the vacancy caused by the death of Mr. I'. Balsamic. MINING YIELDS Molyneux Dredging (West Coast). — lOOoz. in 221 hours. W*llite's Electric (West Coast). —20oz. from 0300 vards in 93 liours.

included: — L' s (i Hank New South Wnlrs .. •_'(; IS o Commercial Blinking Sydney is :t o Australian (!as A (> I'J 0 Howard Smith 1 1 Tooheys Brewery 1 7 10 Tooths •j i-j li A.CM. (X.Z. delivery) I hi 0 Associated Xeus. (i i i (i Anthony Flordrru n i'j 1 1 Burns. Phill) . •j 11) 0 Gordon and Gotch o o Henry Jones . ■j l.-> <; IT nme Pipe . . 0 i ."> 0 Morris Hedstrom l ."i <> Moris Dork . o 17 Mount Morgan i) HI ii Broken Hill South . . • l 7 0 MELBOURNE EXCHANGE is (i Metropolitan Gas j:t 7 o A.C.I. 1 Hi 0 Cox Bros. I i (i Dunlop-Perdriiiu Cprof.) 1 \:\ 7 Herald and Times (ex div.) ■j 1 ! <; Mount Lj ell l IO !) Loloma 1 rj 6

•_•<> Rail :!() Shares roa'.Is Industrials sold March IS .. r>!i.s(i 11.-1.0!) ">10,(11)0 March 10 .. :!0.i:5 M(i.i)i nin.ooo March •_'() .. flo.in 110.73 nso.ooo March •_"J .. an. 10 l-k;,7:? :?oo,ooo March -•"> .. mo.oi i in.r.ooooo March '2(5 OS 1-|.*i.S(» (K20.000 Mil rch "-'T .. 117.17 1,100.000 March 'JS :io..v, 117. 1,0'JO.OOO