STOCK EXCHANGES

New Zealand Herald, Volume LXXVII, Issue 23791, 19 October 1940, Page 7

STOCK EXCHANGES

YESTERDAY'S SALES RETURN ON INVESTMENTS Jn 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 Hiseor Yirlil £ s (1 Fall t s <i S1 k.. 1 .y:!/loJ:. 1 . . 101 2 G Ans. Hands. t.V'-i IT. I Hi.", o O 3 3 (i Hank X.Z. (1) morl.) 1 s <; ■ - r> r, 3 National Ins. O IS !) +ld 4 o 0 Anik. (las <2) on o -id 12 <; N.Z. Brew. r_") 1 7 -2d f> -1 3 l>iiio ii-j <; -:? d 4 7 Broken Hill 2 ii •! T>i Ito . . 2 O <i +3(l 3 4 (i Farmers' Trail. 1 o 0 -2d 7 0 o Wool worth* <S.\d.) (21 <1 IS 3 - 4 1-1 7 Ditto o Js 2 -Id 4 Ui o ANo.—-Now Zealand Druz (right l -), 275. Wellinston. e 1 (i.">; §>outli British, lib; N.Z. Guarantee Corpn., 2s iHI; SFeit and Textiles (rights), lis 1 •{!; iKtlo. lis < »d; N.Z. Breweries. :i2s 3d; British Tohaeeo. .">os; Broken Hill Ply., His 'id; Colonial Sugar. t.Vj l.Ys; Farmers' Trading, 20s 3d; (I. J. Coles, 70s \.-); Woolworths 'Sydney), iss 3d. Christchurch.—Mosgiel Woollen, £lO l.Ys; N.Z. Breweries, 32s <>d cf); British Tobacco. .">Os; }ii!l IMy., 4Us :;d; ditto, 4Us ud. His 7(1. -11 Js lid N.Z. i>r i j (rights). 275; Woolwortlis (X.Z.j. His (2J; Wool wort lis (Sydney). ISs ::d (2). Duncdin. Bank X.Z. (1) Mori ). 2>>s (id: N.Z. Breweries, ",2s; Fanners' Trading. 20s lid; N.Z. Drug <rights). 275. Scales after hours on tlie j>rev.'ous day.

BUSINESS IN AUSTRALIA LEVI) FROM OVERSEAS (Receive;! October IS, io.r;o p.m.) SYDNEY, 'October 18 The slrensfh of the 7,ondon arid New York markets In-day helped to mainf:iin values 011 the Sydney sha remarket. Sales included :tConunrrcia! Banking Sydney. £l!i lis: Hank New South Wales, £'J7 1 (is; Tooheys. 'Jits !'d; Australian <'< s A, £."> !is; Anthony Horrieru. !4s .VI; Australasian 1'a tier, -Sis; A.CM.. 37s Id'Ul; ditto Iron.}, '-'ls 7' 2 d; British Tobaoro. ".Os .Id; Cash Orders, His 3d; ditto (pref.>. 2.~is; Colonial Sntrar, f:s<l; ditto (New Zealand delivery). £.">o; Drue Houses. '_'7s; Felt and Textiles. 33s ■1 1 : d; ditto (riphts), lis (id; ditto (New Zealand delivery), lis .">d; Henry .Tones. "f!s <)d; Morris Hedstrom, 20s Id: Moris Dock. l- c s .'id: Pelers Ice. 21s .id; Woolworths (Syd.). I,s t>d: Mojmt, Lyell. 28s 10d; R:t wan fir Tin. (is lid. Sales in Melbourne included: —National Bank Australasia ' C 5), Co 1 Ss- Commercial Bank Australia, Its Od; A.CJ., 37s Od; Dnnlop-Perdriati, 18s Kid; G. J. Coles, 07s (id. BANK OF ENGLAND RETURN NOTE CIRCULATION FALLING LONDON. Oct. 17 The Bank of England return for the week ended October Hi shows a further marked decline in the note circulation. The total is £3.000.(i(>0 lower at .£507.7(hui00. Deposits iiavo failed to maintain last week's recovery and are £5.200,000 lower at .Cisi/joo.ooo, while advances a! £5,400,000 show a decline of £ 1,200.000. Coin and bullion lias fallen by £20n,000 to COOO.OOO. The reserve is £3.100,000 lusher at £32.000.00(1.

The proportion has risen from 15.51 to IS.IS. The discount rate remains at 2 per cent.

CONSOLS AND DOMINION STOCKS

The following gives quotations for consols and colonial inscribed stocks, variations since last week bcinsr shown in parentheses:— Consols, 2"; j per cent. £7."> Ids (+2os); Funding Loan. 1. 1000-00. £1.12, .'is (same); War ■Loan. 3' 2, 10.V_>, £lO2 17 s (id (+22s Od); Conversion Loan, 3'j, 1001. £lOl los i-HOs); Victorv Bonds, 4, £lll ( + 10<0; New Zealand. V/,. IOIS-fiS, £lOl 12s Od (- 7s Od); New Zealand, 3, 3045, £Ol 5s (-ss). THE CITY MARKETS GOOD SUPPLIES OFFERED Fair supplies of apples were offered at the City Markets yesterday, the demand being unchanged. Increased quantities of hothouse tomatoes eased slightly in value, while high prices were made hy a lew lines oL' jiassioufruit. Good supplies of vegetables were offered, new potatoes coming forward in particularly large (|iiantities. Unions brought high rates. Prices Were:

Fruit. —Apples, (irunny Smith, .ss (id to iJj Ud a case; Delicious, bs (id to i»s; Stunner, Ss to os cd; Koine Beauty, Ss to its; pears. Winter Cuie, Ms to 225; Peter Barry, Kts to 15 s; tomatoes, choice, 2s to 2 s :!d per II); other-., Is til to Js lid; oranges. Australian. l!>s ;5d to 27s a ease; liananas. repacked, rijie. Mis to *jss; tree tomatoes, new lilaek, !'s to Wis; No. lis to ss; yellow. Ss to 10s; No. 5s to 7>; marmalade oranges, (is to (Is (id; grapefruit, New Zealand, choice, Ss to 1()S; others, small, 5s to (is (id; lemons. 1 hree-(jn:irter bushel, Ss to 17s (id; strawberries. Captain Conk, extra choice. 'Js !>d to :ts -1' jd a chip; others. 'Js to 'Js 7d. Field Produce. —Asparagus, 1 jib bundles, ."xl to Sd a bundle; lib bundles, Oil to 1s 3d; beetroot, Sd to 1s fid a dozen; broad beans. •11l to (iU-d tier lb; carrots, :ts to 7s (id a ban. or !id to Is (id a dozen; cauliflowers. ,3s to 7s a sack; on benches. 'Js to lis (Id a dozen; cabbages, Is (id to 5s a sack: on benches. Is to 2s a dozen; cucumbers, hothouse, Ss Ud to lis; hothouse beans. Is to Is !)d per lb; green peas, 4d to 7Vad; kuniaras. Island, "xl to 5 3 4 d; Tauranga, 'ld to -I'^d; leeks, 2d to Id a bundle; lettuce, Ms to !is a case; marrows, new seasons, (is to 12s fid a dozen; onions, choice, firm. 10s to 12s fid a bag; medium. 4s to 7s; potatoes, southern, 7s to Ss a cwt.; Ohaknne, -Is 3d to r>s a bag: new No. 1. -Is fid to fis (id; No. 2. Is fid to 3s; pumpkins, choice Triumble, 22s to :V2s a cwt.; parsnips. 3s to 8s a bag. or is to is fid a dozen; radish, Is fid fo 2s fid; rhubarb. 2s to Is; spinach. Is fid to 2s 3d; spring onions, (id (o Od a bundle; swedeS. 2s to 3s fid a bag; turnips, 1s to Is 3d a dozen. Poultry.— Cockerels, heavy breeds, prime, r>s to fis each; not prime, .'ls (id to -Is fid; light, prime. !« to r>s: not prime, 2s to Us; fat liens, heavy, Is to r>s; light, 3s to ts; drakes, young, prime. Is (Id to ss: ducks, young, 3s to 1«; day-old chicks, Black Orpington. 2d. . Butter and Errs.— -F.ggs: lien, standard grade. Is (!' *d ft dozen; duck, Is 61 jd. Farmers' butter. Is to Is "1 1 i-d per lb. CANTERBURY POTATOES DISASTROUS SEASON [BY TF.T.ECRAPT1 —PRESS ASSOCIATION] CIIBfSTCTf FBCTT, Friday It nppenrs fairly certain the potatoes to lie shipped from Tiniaru for Sydney within tin* next week will be the last to he exported from New Zealand this season. This shipment of nhont God tons will bring the total exports for the season to oS.'lO tons, 0000 tons being the quota under the lirst export arrangement and ISO tons having been sent awav recently.

Since "tlit* yield of tahlo potatoes (front holdings of one acre or greater outside I)orough boundaries) was estimated by the Government statistician at 100,: WO tons, the exports wore a very small proportion. Many growers have hoen left with a substantial part of their crops on their hands, some with the greater part. One grower lias reported that he still has 100 tons. While this quantity would have been worth something more than £IOOO at this stage ol last season, it is not this season worth the cost of digging. Merchants who have been in the trade tor many years cannot remember a more disastrous season for the grower. The reeent better inquiry for grass seeds lias been maintained without any change in prices.

GYMKHANA AT EPSOM ,\ wide series of events, including racing competitions ;uid poultry and dog shows, has been arranged for the jrviiiUhana which will be held at the Kpsom Showgrounds to-day, coinmeiKing at 11.. -> i 0 a.m. In addition there will be a military display by the New Zenland Scottish Regiment and band, together with athletic contests for the soldiers.