STOCKS AND SHARES

New Zealand Herald, Volume LXXVIII, Issue 23954, 2 May 1941, Page 3

STOCKS AND SHARES

FOREIGN EXCHANGE

THE AUCKLAND EXCHANGE STEADIER TONE DEVELOPS A slight, improvement in market sentiment was apparent on the Auckland Stock Exchange yesterday, when steadier values ruled. Husiness was maintained at a strong volume over a wide range ol investment. Gilt-edged securities were active at linn rates, while the improved market tone was reflected in a. recovery movement in such indicator stocks as Hank ol New Zealand and Broken Mill Proprietary. A substantial tall was shown in (i. .1. Coles on sale at 62s hut this was the first business recorded since, the end of February.

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: — May 1 T.T. T.T. Buying Selling New York, dol to & . 3.2542 4- 3.2050 Montreal, dol. to £■ ■ 3.6039 rnni in va (1 to £ ■■ 6.18/ 6.00-1 Manila, pesos to £ 6£59 6.442 Hongkong, pence to dol. qoooqo India, pence to rupee 22% 22 2S-J2 Cevlon, pence to rupee 22, s T.-.r, Shanghai, pence to do . Singapore. pence to dol. 31 11-ol o5 ov y* S Af CX.Z. CS.A. 100 123 120/5/Londo'n, X'X.Z. £st, 100 121/7/6 120 Australia £A. £N.Z. 100 100/10/- 100 Fiji, IF. fX.Z. 100 . 00 Sb/12/6

QUOTATIONS IN LONDON LONDON. April 30 Foreign exchange rates are:—New York (dollar), 4.03; Montreal (dollar), 4.40; Switzerland (fr.). 17.35; India (rupee). Is 5 31-32 d; Hongkong .(dollar), lod; Kobe (von), lty^d; Shanghai (dollar) 3 3-loa; Argentine (pesos), 17.013; Stockholm (kr.), io.uo. SHAREMARKET INDICES London Financial Times (1926 equals 100) Govt. Home Indus- Gold securities rails trials mines 1910 (high) 111.7 58.2 101.6 200.4 1910 (low) 104.8 31.9 61.1 135.8 a nr il 12S 1X2.5 43.0 i>3.S 100.6 Anril 29 112.7 43.1 83.7 166.9 April 30 112.0 43.2 83.8 166.8 New York Doiv Jones' (1926 equals 100) 20 Rails 30 Indust. Shares sold 1940 (high) 32.67 152.50 Kffi as" :: i:?,? "it mm An ~>9 25.76 116.73 510,000 April 30 . . 28,10 115.54 410,000 MACKY, LOGAN OPERATIONS Satisfaction with the results achieved by Mackv Logan, Caldwell, Limited, during the past 'difficult trading year was expressed by (he chairman, Mr. H. M. Rogerson, in addressing shareholders at the annual meeting i yesterday. Referring to major changes in the balance-sheet, Mr. Rogerson mentioned the I appearance in assets of the item b ( c A debentures at cost X*so,<4, and said that !as a result of its trading the company lad , found itself in possession of a considerable sum of cash for which it had no immediate use under the conditions prevailing.. Consequently the directors had decided to nivcst a portion of this in Auckland City Council debentures in which form it retained some of its earning power, but .still was readily realisable S,1 The accounts, "details of which were published in the iTmLD on April 26, w ere adopted. The, retiring directors. Messrs. L. Griffiths and J. B. Self, were re-elected A vote of thanks was accorded to tbo company's executives and staff. SILVER AND TIN VALUES LONDON, April 30 Silver is quoted unchanged at 23V' a d a standard ounce and 'JV 4 d a fine ounce. The tin market is easier. }>pot: Hu>crs. ,£209 5s a ton; sellers, ,C2(i9 10s. Forward: Buyers. i'2Hi> 15s; sellers, £207. DIV 11) ENDS ANNOUNCED P. and O, — Half-yearly. I'refmed stork. '2", per cent; interim, deferred ,-totk, _ Ler cent (both unchanged)., mikinc »s Bonagliy'is Rope.-■■ Hnnl. U • UJ. making .s. or 10 per cent (unchanged), for ir : , \Z \ewsi>apers. - I'nial, Ml. inaKincr .Id* or'B per cent (unchanged) for year. na.vable May 21. GREY RIVER EARNINGS Net, profit of the Grey River Gold Dr"lS«ng l'! 13.072, were recovered. I his compares with 0 129.955 in 1939. The average recovery was equal to 7.Sd a cubic Ja, rfi ' against (1.03 d a year ago. Total operating cost, including taxes. was £90.935. or -UM.d „ cubic yard, the 1939 figures being i or 3.iild. Gold export tax, totalling C-0,31., represented over 22 per. cent of total costs. Four dividends were paid, three, of Id each and one of (id, representing 15 per cent. YIELDS OF COMPANIES Yields of South Island mining companies. nre Cluthn.—O7oz in 130 hours. Gillespie's Beach.—24oz from 2/,2lßyds.in —24oz from 9Sooyds in 178 hours.

CLOSING QUOTATIONS Buyers Sellers £■ s d £ s d BANKS, INSURANCE, AGENCY Coin. Bunk Aus. . 0 13 0 0 14 3 E., S. and A. Bank — 4 7 6 Nat. Rank N.Z. . . — 1 10 0 Nat. Bk. A'asia (con.) — 6 7 G Bank N.S.W. 27 0 0 29 0 0 Do. (Kyii. reg.) — 29 0 0 Bank X.Z. 1 16 9 1 17 0 Ditto il> Mart.) 1 9 0 1 10 3 Union Itynk — 7 0 0 National Insco. 0 IS 3 0 19 0 X.Z. Iiisce. o 19 3 2 19 9 South British o 8 3 2 9 0 F.A.C. (tr> paid) . — 4 4 0 Newton King (pf.) 0 8 0 0 9 9 Traders' Finance 0 7 0 0 8 0 COAL, GAS, SHIPPING Pukemiro Coal — 0 17 3 Renown (ord.) 0 9 3 — Taupiri (ord.) 1 1 6 1 2 0 Auckland Gas — 0 0 4 Ditto (con.) — 0 2 9 Devon port Ferry 1 1 0 — 9 Howard Smith — 1 1 TIMBER, WOOLLENS, BREWERIES Kauri Timber 1 0 3 — Bonds Hosiery 1 5 S — Felt and Textiles (•_'nd pref.) .. 1 3 0 — Kaiapoi (17/) 0 14 6 — Dom. Brew, (ord.) . 1 7 9 1 9 0 Do. (5 cum pf.) 1 8 0 — N.Z. Breweries 1 9 9 — MISCELLANEOUS Aust. Alloy Steel . 7 G 0 8 0 A C.I 0 0 — Ditto (con.) 10 0 — British Tobacco .. 5 G —- Broken Hill Pty. . 1 G — By< roft 3 i) — 0 Colonial Sugar 50 0 0 54 0 Consolidated Brick G 3 0 6 11 Electro. Zinc (pf.) . 12 6 2 16 0 Farmers' Trading . 10 0 0 19 I (i. J. Coles 1 3 — Henry Jones 2 6 6 — Macky Logan 0 19 6 — M & C. (B pf.) . — 1 2 6 Moturoa Oil — 0 4 0 N.Z. Drue 3 16 0 3 18 0 N.R. Nlilliner (ord.) 1 0 6 — Reid Rubber 1 7 6 1 9 0 Sanford ford.) 0 4 0 0 4 3 Union Oil 1 4 0 — "Wilsons Cement . . 0 18 4 0 18 8 AVoolwort lis (N.Z.) 0 12 10 0 13 8 Ditto (Syd.) 0 15 10 0 16 1 MINING Martha 0 7 0 0 8 0 Emperor 0 10 0 — Loloma 1 1 6 — 6 Mount Lyell 1 6 0 1 8 Mt. Morgan (ord.) 0 9 0 0 9 6 Rawang 0 6 6 0 8 3 N.Z. GOVT. LOANS Bonds — 0 15/7/39-41, 3 . . 99 0 — 15/1/53-57, 3 ! / a . 100 5 0 — 15/2/43-46, 4 . . 102 0 0 102 10 0 15/4/46-49, 4 .. 102 0 0 — 15/6/52-55, 4 . . 105 5 0 — "War Loan— 82 2 6 1/10/53 82 0 0 Stock— 0 15/7/30-41, 8 .. 99 0 — 15/1/53-57, 3% . 100 2 6 101 9 e 15/3/40-43, 4 . . 100 2 6 15/2/43-48, 4 . . 102 5 0 102 15 0 15/4/46-49, 4 .. 102 5 0 — 15/5/49-52, 4 .. 105 10 0 — 15/0/52-55, 4 .. 105 10 0 —■ 31/5/54-58, 4 .. 106 6 0 — ; S.A.C. — 0 0 1/6/44, 3Y 4 99 — 1 DEBENTURES A.TLB., 9/7/43 — 102 6 0 Ditto. 9/7/58 . . — 0 107 10 0 Ditto, 10/0/59 . 100 0 — Manurewa Borough, 104 0 0 1/9/48, 4% .. — Ditto, 1/9/55 .. — 105 0 0 Auck. Gas (perp.) . — 97 10 0