STOCK EXCHANGES

New Zealand Herald, Volume LXXVII, Issue 23718, 26 July 1940, Page 3

STOCK EXCHANGES

YESTERDAY'S SALES RETURN ON INVESTMENTS I In the following list of yesterday's . sales yields allow for exchange and 3 British income tax where necessary, 3 and, in the case of loans, redemption and brokerage:— - AUCKLAND EXCHANGE 1 Bale Price Rise or Yield £ s d Fall £ s d 5 Stk., 15/1/53-57, .. 99 0 0 * N'market, 1/10/04, 5 AY, . . XOtf 10 O ... 8176 . Am. Brk. (Ak.), 1/3/44, 0 102 0 0 +lO/- 519 5 . M. & C. (B pf.), (odd lot) .119 Whit.-Stevenson (2) .. 019 6 SMartha .. 0 7 4 ... 21 1 0 Also.—Auckland Gas, perp, stk., £IOO (2); Held Rubber, rights, 4s. Wellington,—Stock, 15/5/49-52, 4, £lO3 15s; Standard Insurance, 50s 3d; Guarantee Corporation 3s; Reid Rubber, rights, 4s; Woolworths (X.Z.), 15s Od. Chrfstchurch. —Stock, 15/1/53-57, 3%, £00; ditto, 15/0/52-55, 4, £lO3 15s; Gisborne Sheepfarmers, 31/8/41, 0%, £IOO. Dunedfn.—§Btock, 15/6/52-55, 4, £lO3 15s; §N.Z. Insurance, 58s 6d; Standard Insurance, 565; Mosgiel Wool, £10; §Clutha, Is. §Sales completed after hours on the previous day, AUSTRALIA!? DEALINGS RISING TREND OF VALUES (Received July 25, 8.50 p.m.) SYDNEY, July 25 The Stock Exchange was brighter to-day, with rising values. Sales included:—Bank N.S.W., £'2s ss; Toohey's Brewery, 275; Tooths, 48s (Jdj A.C.1., 3.'5 hj; ditto, con., 14s; British Tobacco, 45a;*Broken Hill Pty., 435; Colonial Sugar, £47 10s; Davicl Jones, 465; Gordon and Gotch. 32a yd; Jarnes Stedman, 9s (id; Moris Dock, 10a 9d; ~W. R. Carpenter, 365; Washington 11. Soul, 58s; Woolworths (Syd.), 14» 9d, 15s; Mount Morgan, 7s 30d. Mel bourns sales included.—Nat. Bank A'asia (£5 paid), £5 ss; Broken Hill Pty., 43s 2d; l>rug Houses, 235. Id; Herald and j Times, 48s 3d. LONDON BUDGET REACTION TONE GENERALLY CHEERFUL LONDON, July 24 The Stock Exchange so far has shown little response to the Budget, but the tone generally is cheerful. British funds have recorded little alteration, and industrials are quiet. NEWTON KING YEAR NO DIVIDENDS PAYABLE The accounts of Newton King, Limited, merchants and stock agents, New Plymouth, show a net trading profit of £25,571 for the year ended April 30, against £20,206 in the previous year. Of this, £16,010 is transferred to taxation reserve, making the total £22,249. The appropriation in the previous year was £9500. The net result, therefore, is £9561, against £10,706 in 1938-39. With £28,267 brought in, there is £37,828 available. No dividends are recommended. Preference dividends are ten years in arrears, the amount owing being £95,217. The sum of £6750 was provided for depreciation, against £8736 a year ago. - • The balancing total is £81,204 lower at £578,999. The amount owing to the bank has been reduced from £260,212 to £152/290. Creditors are £6145 higher at £100,028, -while debtors are down by £79,622 to £340,898. Stocks, plant and properties are all slightly higher. SOUTH AFRICAN WOOL RESULTS IN OPEN MARKET LONDON, July 24 South African wool statistics for the year ended June 30 show that 793,415 hales were offered and 500,111 bales were sold by auction. Total dispersals were 768.129 bales. The average export value was per lb., the.average value in June being the same. Although the New Zealand and Australian clips were subject to the British Governmeut purchase scheme, South Africa remained on the open market throughout last season. Toward the end of the season it was estimated that the average return in South Africa was 10 per cent higher than the British contract price in Australia. Since then, however, growers in the Commonwealth have received the 10 per cent retention money and an equalisation payment bf 8i- per cent. Doubts have been expressed as to the manner in which South African sheepowners would fare next season in an open market, with Continental demand largely eliminated. - EXPORT OF POTATOES f SHIPMENT TO AUSTRALIA (Received .July 25, 8.50 p.m.) SYDNEY, July 25 It is expected that the first shipment of New Zealand potatoes, consisting of 1000 tons, will arrive next week. Tasmanian potatoes are selling at £l2 a ton and others at £ll. The wheat market is slow at unchanged levels. Prices are:—Silo grain, 4s a bushel; bagged, 4s Flour, £l2 10s a ton. Bran and pollard, £5 lOs a ton. Onions, Victorian, brown, £l2 a ton. Maize, yellow, 4s a bushel; white, t OS. k. : MINING NEWS MOSSY CREEK DIVIDEND Mossv Creek Gold Dredging Company, Limited (West Coast), has declared a 16th dividend of Id a share, payable on August 12. s YIELDS OF COMPANIES Emperor (Fiji).—3sl6oz. from 11,184 tons, also 4840z. from partial treat- [ ment of concentrates. Head value, > 7.Bdwt., residue, l.Odwt. i Loloma (Fiji).—3s23oz. from 2659 long tons. Head value 27.49dwt., residues o.99dwt. SILVER AND TIN VALUES > LONDON. July 24 | Silver is quoted at 22gd a standard ounce and 24id an ounce fine, against 1 22 7-16 d and 24 3-16 d yesterday. Tin values are: —Spot: Buyers, £266 15s a ton; sellers, £267. Forward: Buyers, £266 lOsj sellers, £266 15s. BORING FOR OIL s [BY TELEGRAPH —FHF.SS ASSOCIATION] GISBORNE, Thursday The New Zealand Petroleum ComEany, Limited, reports that the Morere ore has reached a depth of 3775 feet. The formation is unchanged. Drilling at Midhurst has been suspended owing to the sticking of the roaming bit in the hole. Clearing operations are proceeding.