STOCK EXCHANGES

New Zealand Herald, Volume LXXVII, Issue 23817, 19 November 1940, Page 3

STOCK EXCHANGES

YESTERDAY'S SALES J RETURN ON INVESTMENTS . . In the following list of yesterday's sales, yields allow for exchange and British income tax where necessary, and, in tho caso of loans, redemption and brokerage. AUCKLAND EXCHANGE Sale Prico Pise or Yield £ s d Fall £ . s d Bay Plenty P. 13., 1/10/61, 4 1 /« ■ . 107 0 0 ... 3 15 3 Eltham Cty., 31/7/60, 4% . . 106 10 0 .. 4 3 16 5 Mt. Eden 80., 1/4/36-61. Wa .. 105 15 0 ... 3 17 0 Papa'toe T. 8., 1/10/59, 4% .. 106 10 0 ... 3 15 4 Ami. Brirk (Ak.), 1/3/44,0 103 0 0 +los 5 7 10 Union Bank 7 0 0 N.Z. Insce.. 3 *. 6 S. British (2) 2 0 3 • 219 4 Bcrlci (N.Z.) (2) .. 3 7 6 ... *4 8 10 Broken Hill 2 5 6 Dunlop-Perd. (2) .. 10 3 -Id 6IS 3 ■A Iso.—Auckland Gas Peri). Stock, £lO2. Unofficial list: Auckland Farmers' Freezing (£1), 20s; Eayneon (prcf.), 2s. Wellington.—Bank of New Zealand. 39s Od (2); Christchurch Gas, 23s Od; British Tobacco, 49s 4d. Christchurch.—Standard Insurance, sSs.3d; Christchurch Gas, 23s Od; Broken Hill Pty., 45s (id, 45s Od; Electrolytic Zinc (crd.), 55s 3d; New Zealand Fertilizer, 22s 3d; Auckland Gas Perpetual Stock, £lO2. Dunedin.—Dunlop Pcrdriau, 20s 3d; New Zealand Fertilizer, 225. *Based on "interim dividend at rate per' ' annum. DEALING IN AUSTRALIA STEADY VALUES RULING (Received November 18, 8 p.m.) SYDNEY, Nov. IS Business is quiet on tho Stock Exchange. Prices arc steady. Sales today included:— Goldsbrough Mort, 25s 3d; Tooths Breweries, 51s Od; Howard Smith, 22s 3d; Associated News, 15s 3d; Broken Hill Pty., 465; Newbold Brick, 20s; W. R. Carpenter, 365; W. Atkins, 225; Oil Search, 4s liy 2 d; Mount Morgan, 10s So; Austral New Zealand Gold, 245. Business in Melbourne included:—National Bank Australasia (£10). £l2 Is; Felt and Textiles,. 375; Metropolitan Gas, £l3 lis; Dunlop Perdriau, 19s lOd; North Broken Hill, 40s; Loloma, 25s 3d. BULOLO AND PLACER RESULTS DIVIDEND RATES UNCHANGED Bulolo Gold Dredging, Limited, a Vancouver controlled company operating in New Guinea, for the year ended May 31 earned a net profit of 4,806,408 dollars (Canadian), or about £1,373,259 (Australian), compared with 3,874.085 dollars, about £1,106,881 (Australian) in the previous year. Inboth cases profit was struck before providing for amortisation. The dredgeable gravel reserves at the end of the financial year, according to recent cable advice, were estimated at 164,000,000 cubic yards, or 18,000,000 cubic yards less than tho estimate a year earlier, and 20,000,000 cubic yards which will be handled hydraulically. Eight dredges operated during the year. The profit of Placer Development, Limited, the holding company, for tho year ended April 30 was 1,100,6G0 dollars (Canadian), equal to about £314,474 (Australian), compared with 976,625 dollars, or £305,,195 Australian, for the previous year. Unchanged half-yearly dividends have been declared by the two companies as follows:—Bulolo, 1.50 dollars (Canadian) a share; Placer, (30 cents (Canadian) a share. Both dividends aro less Canadian absentee tax of 5 per cent and are payable 011 December 10. GRAIN AND PRODUCE AMPLE BARLEY SUPPLIES Following; is the official market report of the Auckland Grain, Send and Produce Merchants' Association. Prices are f.o.b. or f.0.r., Auckland. Wheat.—The next shipment from Australia is due shortly. The demand for wheat remains heavy and immediato deliveries aro being made from merchants' "storo stocks at tho unaltered price of 7s 3d to 7s 4d a bushel. Barley.—Amplo supplies of barley aro available for immediate and forward delivery until the end of December. The demand is' steady, with price -unaltered at undipped, 4s lid to 5s a bushel; clipped, 5s 4d to 5s Od a bushel, with tho lower arranged prico of Is fiVid a bushel, cash beforo despatch, for a minimum of 10 sacks. Maize.—Good stocks of maize are held, by merchants, and the ready demand is mot from store stocks at 7s 7d to 7si 9d a bushel, with crushed at 7s Od to 7S lid a bushel. Oats.—The oat market remains firm and supplies in tho South Island are short. The price is 5s lid' to 6s 3d a bushel. Bran.—Merchants' stocks consist of a quantity of Australian supplemented by daily supplies of local. The demand is good, and Australian is realising £9 10s to £9 15s a ton. Wheatmeal.—This line is now more widely known and is being Teadily accepted in place of pollard. The price remains steady at £lO 10s a ton, less 1% per cent for a minimum of 0110 jton. Smaller quantities, £ll 5s to £ll 10s a ton. Chaff.—With a slow demand, chaff is not attracting: »much attention and the price ren.ains steady at £ll 5s to £l2 a ton. BRITISH WHOLESALE PRICES British Wireless LONDON, Nov. 17 Wholesale prices in Britain, as measured by the Board of Trado monthly index number, were about 1 per cent higher in October .than in September. The aggregate increases since the outbreak of war are:—-Gen-eral index, 4oi per cent; food prices, 58} per cent; industrial materials and manufactures, 39 per cent. BOBBY CALF POOLS [from our own correspondent] HAMILTON, Monday Judging by the present weekly killings of nobby calves collections this year are likely to extend over a longer period than last year, states Mr. W. A. Phillips, chairman of directors of the New Zealand Co-operative Pig Marketing Association, in his monthly circular to suppliers. To date, tho association's killings totalled 297,000, an increase of 67,000 over the figure for last season. All pools under the association's marketing direction had agreed to extend their operations until -November 30. . FOREIGN EXCHANGE Closing telegraphic rates for purchases and sales of foreign exchange Auckland on overseas centres yesterday were supplied by the Bank of New South Wales as follows: November 1S Buying Selling T.T. T.T. New York: dol. to £.. 3.2542 .3.2050 Montreal: dol. to £ 3.0039 3.5290 Greece: drachmae to £ Java: fl. to £ .. .. 6.187 (U)0 Manila: pesos to £ .. 0.5.>0 0.44'.Hongkong: pence to dol. IS% liulia: pence to rupee . 22 5-32 22JWti4 Ceylon: pence to rupee . 22 5-32 22 40-64 Shanghai: pence to dol. »■ ; ■ftin-ifj Singapore: pence' to dol. 3-1 11-61 3»> 4M>4 6th. Af.: £N.Z. £S.A. 100 123 125 • London: £N.Z. Astg. 100 124/7/6 12; Aust.: £A. £N.Z. 100 100/107- I.UOFiji: £F. £N.Z. 100 ..00 - BS/12/6