STOCK EXCHANGES

New Zealand Herald, Volume LXXVII, Issue 23620, 2 April 1940, Page 3

STOCK EXCHANGES

YESTERDAY'S SALES RETURN ON INVESTMENTS In the following list of yesterday's sales yields allow for exchange and British income tax where necessary and, in the case of loans, redemption and brokerage:— AUCKLAND EXCHANGE Sale Price Risoor Yield £ s d Fall £ s d Dom. Brew, (pf.) 115 O *6 5 9 Bycroft ..210 - 8 18 1 G. J. Coles .. 319 O -1/3 414 11 Tar. Oilfields 0 7 8 +3dMartha ..0 8 4 —ld *l4 16 5 Waihi Invest. . O 7 IYa +OVid 1 13 9 WELLINGTON EXCHANGE Sale Prico Yield j £sd £ b d Tar. Oil Dev. (3/) O 3 10 CHRISTCHURCH EXCHANGE West.-Stock, (ord.) 0 2 6 Taranaki Oilfields 0 7 3 Wool worths (Syd.) 1 310 313 6 Also. —Broken Hill Pty., 525, 52s 3d; Austral-N-Z., 30s (Jd. DUNEDIN EXCHANGE Wright, Steph. (pf.) 018 3 5 9 7 Manav ; atu Knit. . 038 0 —- N.Z. Rafrig. (£1) 1 0 0 510 0 Also. —Mount Morgan, lis sd; AustralN.Z., 30s 6d (Sydney register). •Based on interim dividend at rate per annum. * UNOFFICIAL LIST Quotations on the unofficial list are: Buyers Sellers £sd £ s d Assoc. Motor, (pf.) 16 6 Ak. Far. Freez. (£1) 019 0 Auck. Meat Co. .. 16 6 Atiamuri T'ber (15/) 0 16 O Citizens' Bldg. Soc. 0 9 0 Drive Yourself, Ltd. lEntcr'ments (N.Z.) 010 O Far. Co-op. Organ. 10 O U Hellaby's (5, pf., ox d.) 0 19 6 Ditto (sy e , pf.) . 10 3 Henderson & Pollard 014 3 Fuller's Theatre Cor. 50 0 0 Modern Shoes .. 0 7 3 010 6 National Tobacco . 112 0 , N.Z. Forest- Prod. 19 0 0 Palmer, Collins .. 1 15 .0 2 0 0 Rayneon Cprcf.) .. 0 5 0 Smith Wylie ..0 9 0 .0 14 Selfridgcs (N.Z.) . ■— 0 9 0 Silknit •. . . • 0 4 0 0 5 0 Sth. Cross Assur. . 0 3 0 Una Hill •. Walker and Hall Waikato Carbonis., 1/4/41 (ex int.) 97 0 o W'tano Pap. (ord.) 0 4 3 Winstono . • • 018 0 110 AUSTRALIAN DEALINGS IMPROVED MARKET TONE (Received April 1, 9.30 p.m.) SYDNEY, April 1 An improvement in many sections of the market for industrial shares was noted on the Stock Exchange to-day. There was also keener interest in banks and Barrier shares. Sales included: —• ,£ s d Bank Australasia .. 9 2 9 Bank Now South Wales .. 27 0 0 Bank New Zealand .. .. 1 16 0 Commercial Banking, Sydney IS 0 0 Tooths Breweries .. .. 212 V/i Australian Gas (A) .. 611 6 Huddart Parker . v .. 215 0 Associated News .. 013 6 Ditto (pref.) ... .. O 16 9 A.C.I 1 16 9 British Tobacco .. .. 2 5 6 Broken Hill Pty. .. ..273 Ditto 2 7 6 Colonial Sugar .. .. 50 0 0 Electrolytic Zinc (pref.) .. '2 16 3 Manri Bros. .. ••• • • 3 7 0 McG-rath .. ... • • 117 6 Woolworths (Sydney) .. 10 9 W. Adams 0 13 9 Mount Lyell . ... •• 1 .11 9 MELBOURNE EXCHANGE £ s d Commercial Bank Australia 015 0 A.C.I. 1 16 9 Bndford Cotton .. .. 117 4 Broken Hill Pty. *.. .. 2 7 9 Dunlop-Perdriau ... .. 0 18 9. 1.C.1, (pref.) .. >2B Mount Morgan . . .. 010 6 Loloma .. .. •. 1 12 6

FENCING WIRE SHORTAGE - AND PRICES DISCUSSION BY FARMERS , t [by telegraph —OWN correspondent] c MAIiJTEKTON, Monday < Referring to the whortage of fencing ] wire, Mr. Hugh Morrison, president of the Wairarapa Provincial Executive of tlie Farmers' Union, said that under the inflated conditions ruling it was not likely fanners would be carrying out fencing in a big way, but there would always be a certain amount of fencing to. do. He considered the executive should write to the liead office and ask it to advise the executive about the position of supplies. _ and if there was any profiteering taking place. Mr. H. Bennett said it was not only the shortage, but the prohibitive price they had to face. Could they not get Australian wire? ■ . A Voice: It is Australian wire that is £46 a ton. Mr. Bennett saic'l he saw no reason why it should be that price. Mr. W. J.-Thomas said the Government should inquire into the prices of various essential farm commodities. He mentioned sulphate of ammonia as a i case in point and said there appeared ; to be ample supplies in Britain, \ appeared that advantage was being I taken of the shortage in some commodities to put up the price. _ . . It was agreed to make inquiries as suggested from tlie head office. SHIPPING PROBLEMS RISE IN RUNNING COSTS LONDON. March 31 The position of British shipping is becoming more critical as negotiations .continue without any indication that the Government intends to give the industry the long-awaited square deal, similar to that given the railways. It is claimed that the daily running cost for a deep-sea tramp steamer of about 9000 tons dead-weight was iol 10s last January, compared with i-M last April. The average cost of running a deep-sea liner last January was about 25 per cent above the pre-war level, while shipbuilding costs have been almost doubled.. The. cond.tum of British shipping >» pbTioiislj a matter of vital ■ importance to Australia ana New Zealand. BARTHOLOMEW DIVIDEND The • Bartholomew Land and Timber Compa'nv, Limited, Hamilton, has declared an interim dividend at the unchanged fate of 2} per cent, payable . to-morrow. WOOLWORTIIS' EXPANSION The expansion undertaken by the directors of Woolworths, Limited (Sydney), during the year, including subsidiaries, constituted a record of development for any year since the companv's inception, stated the chairman, Mr. O. Scott Waine, at the annual meeting in Sydney. The supply of goods from overseas had been curtailed considerably since the outbreak of war, and certain lines had been unprocurable. The actual amount of foreign purchases, that is, non-sterling purchases, comprised only a small portion ol: the company's trade, and 'the bulk of its purchases, representing 81 per cent, was derived from Australian production.