STOCK EXCHANGES

New Zealand Herald, Volume LXXVII, Issue 23758, 11 September 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 Stk., 35/4/4040. 4 .. 105 7 6 ... 345 C'wealth Bds., 35/9/47,4 100 30 0 ... 3 3 10 Waitemata Cty., 31/3/50, ■l'/i . . 10(3 0 0 ... 3 38 1 Bank N.Z. . 22 0 N.Z. lnsce. 3 3 9 +3d 3 I 0 Renown (ord.) 0 10 6 .. . 7 18 0 Ak. Gas (con,) 0 3 0- — 7 10 0| Bkn. Hill (4) 2 G O Farmers' Trad. 1 0 0 J.C.I, (pref.) 14 0 +6d 4 18 Macduff* (pf.) 10 0 ... • Farmers' Fert. . _ „ (pref.) . . 12 0 +2d 417 0 N.Z. N'papers 1 0 0 +3d 4 9 7 Taru. Oil Dev. o 3 3 ... Tara. Oil Fid. o <> 0 +2d Wilsons Cetn'L o is> o +3d 3 3(> 11 Martha « 7 0 -2d 20 11 / Also.—N.Z. Drug (rights), 25s 3d. Wellington.—Stock, 15/0/52-55, 4, £10(7 15s; ditto, 15/1/63-57, !i/j. £IOO ss; Commercial Bank Australia, 14s lOd (3); South British, 50s; A.C.I, (con.), 17s 3d; Broken Hill Pty., 40s, 453 Od; §5 armors Trading. 20s; §Macduffs (ord.). 8s 9d; Siaranaki Oil Developments, 3s 4d; SBroken Hill South, Christchurch.—§N.Z. Insurance, Gls 9d; Auckland Gas, 5 per cent perpetual debenture stock, £102:" Grey River Dredging, 10s Ud. Dunedin. —There were no sales. § Sales completed after hours on the previous day. AUSTRALIAN DEALINGS NO LOSS OF FIRMNESS (Rocelved September 10, 8.30 p.m.) SYDNEY, Sept. 10 In spite of the tense war situation the Svdney sharemnrkot remains firm, with only minor fluctuations. Sales includedßank Australasia, £7 ss; Com. Bank Aust., 33s 8d; Bank New SOuth Wales. .C2G; Mercantile Mutual Insurance, 20s Od; Toohey's Brewery, 27s Od; Tooth's Brewery, 49s 3d; Anthony Hordem, 13s; A.C.1., 35s 3d; ditto (con.), 17s; British Tobacco (ex div.), 40s Od; Broken Hill Pty., 435; Dunlop-Perdriau, IDs; Mauri Bros., 70s; Morts Dock, 17s; Jjewbold Brick, 255; Standard Cement, 20s; Woolworths (Syd.), 17s Id; Austral N.Z. Mining, 22s Od; Mount Lyell, 27s 7d. Melbourne sales included:—Com. Bank Aust.. I ts: National Bank A'asia (£5 paid), .cr, 3."is; G. J. Coles, (>2s; Myers Emporium, 20s Oil; United Provisions, 7s 3d; Emperor, 30s 3 0d; Oil Search, 4s. NEW YORK BREAK GAINS WIPED OUT RESULT OF AIR RAIDS (Received September 30, 0.30 p.m.) NEW YORK, Sept.'o Stocks broke sharply on Wall Street, wiping out 85 per cent of last week's recovery. There was only moderate trading to-day. The reason for the fall was tho intensification of air raids and the weakened technical position of the list, resulting from the recent rise. Wheat lost over one cent a bushel. HOARDING OF SILVER PRACTICE STOPS IN AUSTRALIA The hoarding of silver —a well-known phenomenon in wartime —which recently was indicated in Australia by an abnormal demand on tho banks for tho coin, has now apparently ceased. Coins are coming back to the trading and savings banks. * The demand for coin began at about the same time as a demand for currency notes. The hoarders of silver favoured florins, which were buried in tins or locked away in safe deposits. The Commonwealth Bank, as custodian of the silver circulation, took appropriate steps in conjunction with the Mint authorities to meet all demands lor more coins. The Treasury in Singapore was for one day recently so thronged with people who presented currency notes for up to 50 dollars (£'7 os) in notes of 10 dollars (£1 9s) each for conversion into silver coins that the doors had to bo closed temporarily. OTAGO WOOL PROSPECTS MORE AND BETTER QUALITY[by TELEGRAPH —OWN COItnKSrOXDKNT] DUNEDIN, Tuesday A larger wool clip of hotter quality than was the case last season should enable Otago growers to take full advantage of the extra threepence a. pound they are receiving under the Empire purchase scheme, compared with the 15M8-M season. Tho benefit of the increase in the average price was largely lost by producers last year owing to tho clip being lighter and of poorer quality. Following on oho of the mildest winters experienced in Otago for-many years the clip for the coming appraisals should show a marked improvement, on that of last year. Stock has wintered exceptionally well and there have been practically no losses. In most districts growers anticipate encouraging shearing, with quality well nbovo last year ,s. Judications also point to a much larger weight of wool. THE CITY MARKETS LOW RATES FOR CARROTS Carrots were in over-supply nt the City Markets yesterday. There were good supplies of cabbages and cauliflowers, low prices being maintained. New potatoes were marketed in lair quantities, ami small consignments of green pons were available _ at reduced rates. Heavier quantities of asparagus were received, prices being .'id a bundle lower than on Friday. Values of- hothouse tomatoes fell owing to tho arrival of island tomatoes. Prices were:—• Fruit.—Apples, Red Delicious, 8s to 9s Od a case; Granny Smith. 8s to lis (id; Delicious, 8s to Ms (id; Shirmer, Ss to 10s; pears, Winter IS'elis, I ts to 30s; P. Barry. Os to 33s 0(1; tomatoes, hothouse, Is Od to 1s 30d per lb; oranges, Cook Islands, 30s to 21s .(id a case; bananas, repacked, ripe, 255; tree tomatoes, new black, choice, 8s to 32s fid: small, os to Os Od; yellow, Os to 105; marmalade oranges, (is to Ts; grapefruit. New extra fancy, 8s to 10s; others, Os to Ts. Field Produce. —Asparagus. Od to 3s 9d a bundle; beetroot, Od to Is a dozen; celery, cooking, Od to Is a bundle; dessert, 3s M to 3s .'id; carrots, Is Od to -Is lid bag, or id to Is a do7.cn; cauliflowers, 4s to 5s Od u sack; on benches. 2s to Is a dozen; rabhftges. 3s to Is tid a sack; on benches, Is to Is Od a dozen; cucumbers, hothouse, Ts to Os (id; beans, hothouse, is to 2s lid per lb; green peas, i)d to Is Od; kumnrnn. Island, 2d to .'ld; .Inurangn, 7s to Os a bag; leeks, 3d to -Id a bundle; lettuce, 2s to 8s Od a cuso; marrows, '-s oil to Ms (id a rack; onions, choice, os to as a bag; medium, Is to 5s Od; potatoes. Bouthern, 5s to Os per cwt; Oluikune, 2s Od to .Is Od a bag; new, 2d to 4'/d per lb; pumpkins, choice Trlumble, 12s to 18s a sack; medium, 5s to 10s; parsnips, Us Od to Os Od a bag. or Is to 1s od dozen; radish, Od to 9d; rhubarb, Ms Od to Os Od; spinach, ltd to Is Od; M»r ingenious, Is to Is 'id a bundle; swedes. _s to Ms a bag; turnips, (Id to Od a dozen. Poultry.—Cockerels, heavy breeds, prime. Ts to 8s; not prime, 5s to (is; tight, prune, os to Os; not prime, 2s Od .to -Is; fat liens, heavy, 5s to Ts; light. -Is to 5s Od; drakes, young, prime, Is to ss; ducks, young, Is to ss; geese. Is (id to 5s Od; turkey bens, <>.s to 8s; gobblers. Ids to 18s; cockerel chicks, heavy breeds, 3d; light, Id. Erks and Butter.—Eggs, hen and duck, standard grade, Is OVjd a dozen. Farmers' butter.'3s 2d to Is 5d per lb.