STOCK EXCHANGES

New Zealand Herald, Volume LXXVII, Issue 23662, 22 May 1940, Page 5

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 Rise or Yield £ s d Fall £ s d X.Z. Insurance 3 10' — 357 Sth. British . . 2 0 6 -6d 3 OXI N. Auck. Farm. (B pf.) ..0 6 3 -9d 13 12 0 Kauri Timber 116 t 610 4 JJkn. Hill Pty. 2 5 0 -2h *3 5 :il Do. (odd lot)- 2 4 6 -3s *3 7 5 §Con. Brick .0 9 0 -3d 11 2 3 § Robinson Ice 1 4 0 ... 516 8 §\V'wtliß (N.Z.) 015 0 -9d 5 17 W'wths. (Syd.) 0 18 0 -Is 4 17 3 Also: Stock, 15/7/39-11, 3, £IOO. Overseas list: Woolworths Holdings (South Africa), 15s. WELLINGTON EXCHANGE Sale Prico Yield £sd £ s d Stk.. 15/1/53-57, 3Va . • .. 100 12 .6 3 9 10 Wgtn. Wool, (ord.) 6 5 0 416 0 * Broken Hill Pty. . 2 7 0 3 3 10 Con. Brick . O 9 O 11 2 3 Woolworths (Syd.) 0 18 2 4 16 4 Woolworths Props. 1 6 4 411 ■ 2 Also.—Stock, 15/7/39-41, 3, £IOO. CHRISTCHURCH EXCHANGE Nat. Insurance .. 0 10 1 3 18 8 N.Z. Breweries . . 1 14 9 *A 12 1 Ditto .. 1 15 O *4 5 0 0 Aust. Steel (pref.) 1 8 0 4 2 10 Broken Hill Pty. . 2 7 0 *3 3 10 O. J. Coles ..<- 3 10 0 5 7 2 W'worths (Syd.) (4) 0 18 0 4 17 3 Also.—Grey River, 17s Od. DUNEDIN EXCHANGE ?Stk., 15/5/49-52. 4 103 0 0 310 11 I Brnre Woollen (2) OIS 0 • 5 11. 1 X.Z. Breweries C2) 1 15 3 *4 10 9 JAusl. Iron & Steel (pref.) . . . . 18 0 4 2 10 f1.C.1, (pref.) . . 1 5 3 3 19 2 •Based on interim dividend at rale per annum. sSales completed after hours on the previous day. UNOFFICIAL LIST Quotations on the unofficial list are: Buyers Sellers £sd £ a A Silknit .. .. 0 5 0 0 7 O AUSTRALIAN DEALINGS LEADING INDUSTRIALS WEAKER (Received May 21, 8.30 p.m.) SYDNEY. May 21 The afternoon calls on the Stock Exchange revealed a further weakening in leading industrials, but there was an undertone of quiet confidence. Sales included; — £ s d Commercial Banking Sydney 18 5 0 Wilcox Mofflin .. .. 0 7 0 Australian Gas A .. .. 6 6 0 Tooheys Brewery .. .. 17 0 Tooths . 2 8 0 A.C.I 1 16 6 Associated News . . . . O 12 () Ditto (pref.) . . . . 0 10 6 British Tobacco .. .. 2 5 0 Broken Hill Pty ' 2 4 3 Ditto 2 4 9 Colonial Sugar .. ..49 17 6 Ditto 49 15. 0 G. J. Coles 3 5 9 Morts Dock . . .. .. 0 16 6 Woolworths (Syd.) . . . . 0 18 0 Rawangr Tin . . . . 0 7 3 MELBOURNE EXCHANGE £ s d Electrolytic Zinc .. .. 212 0 Ditto (pref.) . . . . 2 12 6 Mount Morgan .. .. 0 9 2 Mount Lyell .. .. * .. 16 9 Emperor .. -. . - 0 13 0 Lolotna .. .. '.. 18 7 Xorth Broken Hill . . . . 1 17 3 FOREIGN EXCHANGE

Closing telegraphic rates for purchases and sales of foreign exchange Auckland on overseas centres for yesterday were supplied bv the Bank of New South Wales as follows: May 21

Buying Selling New York: dol. <o £ .. 3.2542 3.2050 Montreal: uol. to £ . 3.6030 3.5200 Fraice: fr. to £ . 142.01 140.70 Greece: drachmae to £ . Italy: lire to £ .. Noumea: francs 'o. £ 144.41 138.50 Papeete: francs to £ . . 144.(51 130.05 Switzerland: fr. to £. . 14.532 14.180 Hongkong: pence to dol. 38 10-04 .18 31-32 India: pence to rupee .. 22 5-32 22 40-04 Ceylon: pence 10 rupee 22 5-32 22 49-61 Manila: pence to peso 30 9-1G 37 7-1(1 Shanghai: pence to dol. 0 7-04 Singapore: pence to dol. 34 41-01 35 11-04 Sth. Af.: t'N.Z. £S.A. 100 123 125 London: £N.Z. sr. 100 121/7/6 125 Australia: £A. £N.Z. 100 'IOO/10/- 100 Fiji: /;F. £N.Z. 100 .. 90 SS/12/G QUOTATIONS IN LONDON LONDON, May 20 Foreign exchange rates are:—New York (dollar), 4.00J; Montreal (dollar), 4.45; Paris (franc). 1765; Milan (lire), 64.00; Hongkong; (dollar), 14 15-16(1; Shanghai (dollar), 4Jd; Stockholm (kr.), 16.99; Geneva (fr.), 17.90; Bombay (rupee), 18d; Kobe (yen), 17 9-16 d; Buenos Aires (pes.), 17.75. Sterling in New York closed at 3.28} 1 dollars to the pound, against 3.26J on Thursday last. SHAREMARKET INDICES New York Dow .Tones' averages (1926 equals 100) and turnover on the New York Stock Exchange are as follows: 20 Rail- 30 * Slinrcs roads Industrials sold May 10 .. 20.20 130.43 2,350.000 May 17 .. 21.81 124.20 3,070.000 May IS .. 23.05 122.43 1,000,000 May 20 .. 23.9S 122.13 1,210,000 Highest in 1939. —Bailroads, 35.90 (September 27); industrials, 151.22 (September 12). Lowest in 1939: Railroads, 24.15 (April 18); industrials, 121.4 (April S). London Stock indices compiled by the Financial Times, London, are as follows (October 15, 1926, equals 100): — Govt. Home Indus- Gold securities rails trials mines May 15 .. 108.2 40.6 00.1 ISS.7 May 10 .. 107.7 45.8 88.0 ISO. I Mav 17 .. 107.0 45.7 SS.i) lSti.7 May 20 .. 107.0 43.0 SO.B 180.6 BRADFORD EXPORT TRADE LONDON, May 20 Bradford reports that supplies of raw material are issuing freely for the export trade in semi-manui'actureti and fully manufactured goods, but supplies for homo consumption are still restricted. Government requirements are absorbing a large proportion of the -output, especially in crossbred qualities. Quotations for yarns are firm at recent rates.

RABBITSKIN VALUES [by telegraph—OWN correspondent] DUNEDIN. Tuesday At to-day's auction of rabbitskiris a total weight of 48 tons was brought forward, the smaller offering being due principally to the recent floods in tho south, which held up consignments. Considering tho gravity of the international situation exporters and furriers bid fairly frcolv and practically all the offering-was cleared under the hammer. Low grades up to early autumns were disposed of at lower prices. Values receded from Id to 6d. Late autumns up to winter grades were in request and on the average may ho quoted at par to 2d dearer than the last sale. Some nice parcels of winters were forward, top price being 92-Jd for first winter bucks.