STOCK EXCHANGES

New Zealand Herald, Volume LXXVIII, Issue 23878, 31 January 1941, Page 3

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

Also.—Broken Hill Pty. (odd lot). 40s; Unofficial list: Selfridjcps (N.Z.), 6s 2d. Wellington.—War Loan, 1/10/53, CSX ss; ilnscribed Stot:<. 30/11/4S, -I. i'HW 10«; ditto, 15/8/40-13, -1. £lOl 17s fid; ditto, 15/4/40-49. I, £lO3 Jss; Bank New Zealand, •lis; N.Z. Guarantee Corp., National Insurance, 10s; Tooheys Brewery, 20s od; Broken Hill Pty., -His; Macdnffs (pref.), 3!« Oil (-); Woohvorths (Syd.), 17s Bd. Christchurch.—lnscribed Slot k. '1 r, '4 '4(5-19 4, £lO3 15s; Broken Ilill Pty.. 45s Od; Booth Mat-donaltl (pref.), ss; McKenzies, 41s; Broken Hill South, 20s. Ounedin. —Inscribed Stock, Ki/4/10-49, 4, £'lo3 15s (2>; Dominion Breweries, 31s; §N.Z, Breweries, 33s * Dividend in arrears. §,Sales after hours on previous day. AUSTRALIAN DEALINGS STRONG DEM AM) FOR BONDS (Received January 30, 11.30 p.m.) SYDNEY, Jan. 30 A feature of the Sydney Stock Exchange market yesterday and to-day was the keen demand for Commonwealth loans, sellers of which were hard to find. Consequently, prices moved higher, bringing the average redemption yield down front £3 to £2 19s Bd' per cent. There was also an active demand for Broken iiiil Proprietary shares following the New Zealand Government announcement that it will allow Dominion shareholders to transfer funds to take up their quotas of the new issue. Sales included:—Anthony Hordern (pref.), 21s; Australasian Paper, 375; A.C.1., 39s lo; 2 d; British Tobacco, 50s 3d; Broken Hill Ply., 40s, 45s od; Cash Orders, Ifis IVid; Claude Neon, -Jos Od; Dunlop Perdriau, 21s Gd; Electrolytic Zinc (pref.), 555; Kandos Cement, 325; Millacjuin Sugrar, 4 1s; Winchcombe Carson, 25s (id; Kuala Kampar, 17s Od. Melbourne sales included;— Commercial Bank Australia (pref.), £S . 10s; National Bank Australasia (£5 paid), £5 IDs; Emperor Mines, 13s; Lolcina Gold, 27s Gd; Oil Search, Gs Sd.

WAREHOUSE TRADE BRISK BUSINESS DONE RELIEVING SHORTAGES Warehouse business is maintaining the briskness which has characterised it since resumption after the holidays, and the usual general demand over a wide variety of commodities is being experienced, with emphasis on seasonal lines. The approaching reopening of primary and secondary schools has resulted in the annual demand for uniform clothing and lesson materials, and business in these lines is heavy. The next tobacco deliveries will be made on February 16 and 17, with March 1 account on February 28. Baking Powder,—A recent shortage "of baking powder is expected to be eased shortly by the appearance of a local pack. Mustard.—Local supplies of mustard in. a!i packings are extremely short as the result of the loss at .sea of a number of shipments. Ginger.—Small shipments of raw ginger have just- arrived, and local manufacturers expect to be able to make deliveries of the processed article within the nest few weeks. Salt.—Several grades of English salt are. now in short supply, but further arrivals aro expected before long. There .has been the usual heavy summer demand for both coarse and fine grades. Dried Fruits.—The new crop of dried apricots from Mitdura will be ready for shipment at the end of the month. New dried peaches and nectarines are expected to be ready next month and dried pears about March. Canned Fruit.—Australian shippers of canned fruit have advised that prices will be the same as iast year. However, New Zealand orders cannot be placed until the results of the Dominion season are known, consideration of applications for imparl licences taking into account what supplies are available locally. Wire Lines.—Although orders for wire clothes lines were placed with London shippers about nine months ago, these have not. been executed. However, advice is just to hand that these orders will be supplied by Canadian manufacturers. Landed costs will be considerably above tho last shipments from Great Britain. Walnut Meats,—Owing to the difficulty of obtaining supplies of walnut meats froia Manchuria, most of the orders for new sea-' son's aro coming forward from India, and the quality of shipments just landed is stated to be quite satisfactory. Due chiefly to a heavy advance in freights, prices are now about l J yl per lb above the rates ruling before the holidays. Further supplies are expected about the end of next month. Linseed Oil.—A message from Londoi rcntains the information that the British Government has fixed thejirice of linseed oi? under an order issued by the Ministry of Food. The official price is ill 10s a ton. London, and the price no doubt means that containers will be extra. This price is reirarded as being v«ry reasonable, considering that it stood at £lO 10s a year ago. The gallon price wi! l tie about 3s 5;., don this basis. BROKEN HILL ISSUE STOCK EXCHANGE COMMENT Satisfaction with the arrangements made by the Heserve Bank to enable New Zealand shareholders to take up their rights in the new issue of Broken Hill Proprietary was expressed at the morning call of the Auckland Stock Exchange yesterday by the chairman, Mr. J. W. Prater. "I think holders have been treated very fairly indeed." he said. "In fact, the position could hardly be better." Mr. Prater said a debt of gratitude was owed to Mr. Andrew Hamilton, president of the Stock Exchange Association, for his negotiations with the Reserve Bank, and it was decided to forward him a congrn In la tory letter. Mr. Frater later stated that Broken Hill Proprietary shares would not be quoted ex rights on the Auckland Exchange until they were so quoted in Australia, that was, on February 14. Members said the official announcement did not make it clear whether these shares could ho sold in Australia to pay Ihe calls in con-, neetion with the new issue, and it was stated that steps would be taken to clarify the position. SILVER AND TIN VALUES LONDON, Jan. 29 . ■Silver quotations are weaker at 28 3-1 (3d a standard ounce and 25d a fine ounce. Tin has also fallen. Spot: Buyers. £250 :10s a ton; sellers. £250 15s. Forward: Buyers, £257 Ills; sellers. £257 15s. MARINE INSURANCE LONDON, Jan. 2S Lloyd's advisory committee has issued a new s'elieduio of marine insurance showinsr a marked reduction in many rales pr-1 a few increases. Voyages between Haifa (Palestine) and Australia and New Zealand are rated £lO sterling per cent, compared vvita £ls previously. SYDNEY PRODUCE MARKET (Received January 30, 11.30 p.m.) SYDNEY. Jan. 30 Tradin" in wheat was quiet on the Sydney produce .market. Kilo grain is quotedat :5s 11 1 4 d a bushel; bagsred, Is 0A;;flour, £l2 :t 8 s a ton: bran and - pollard, J- a * potatoes. Tasmanian and Mlzfc onions, brown and Globes, £— * I0U »

Sale I'rice fiiseoc Yield £ s d Call £ s (i Stk., 15/1/5357. :j'i . 100 r, o + 05 3 9 6 Bank X.Z. (-2) 2 1 o 4 17 South Britif.li 2 10 (j 2 XT 8 New ton Kinjr (prcf.) . . o !> .'l r 3 d t Ak. fins (con.) 0 2 10 —. 7 IS 10 Kaiapoi "Wool (con.) . . 0 4 7 7 12 s X.Z. Brew. . 1 13 / 0 .—. "4 4 10 fAust. Iron, Steel (pref.) .. 1 7 0 4-0d 4 5 11 Broken JTilt 2 c, o 4-'id 3 5 3 Big: River . <) ! 3'; I +/jd —