STOCK EXCHANGES

New Zealand Herald, Volume LXXVIII, Issue 23994, 18 June 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, but no allowance is made lor social and national security taxes on dividends on-which these are payable: - AUCKLAND EXCHANGE Sale Price Rise or Yield lad Fall ■ £ s d War Loan, 1, iO o.i ej) s'i 10 0 Stw., -I • ■ 100 13 0 +lss 3 6 4 Do., !5/0/5235, J . . 105 2 0 t 3 7 7 njnion Bank <> 10 0 Nat. Ins, (3) OIS 0 Standard Ins. 3 o 0 -- 4 2 8 f Kaiapoi (con.) O 5 U +2d 7 0 0 N.Z. Brew. . J 11 0 SQucensland Brow. . 13 0 ... 619 Farmers' Trad 0 3 8 11 G. J. Coles 2 o Mt'Kenuies , 22 0 t 4 13 3 Stanford (ord.) 0 3 0 Tar. Oil Dev. 0 2 0 Whit., Toams 3 7 0 ... 4 810 Mt. Lycll - 1 0 3 +3d 7 12 3 Also.—SSiandard Insurance, 00s (id; Reid •Rubber (rights), 2s od (2), 2s Sd, 2s Tdj ITaranaki Oil Developments, 2s; Emperor, l!s. Wellington.—Stock, 30/11/18, 4, £lOl ss; §Ati ck land (las, 5s yd; ditto, 5s 1(M; N.Z. Breweries, 3ls (id; Taranaki Oil. 3s lid; Taranaki Oil Developments, 2s. Ghristohurch,—Union Bank, £G 10?; Queensland Brewery, 235; Mount Lyell, 20s 3d. Dunedin.—Commercial Bank Australia, 13s lid; National Insurance, 1-Ss Od; Westport Coal, 235; Westport-Slockton (ord.). 2s Od; ' N.Z. Breweries, ills (id rj;. Unofficial li>t: John Fuller, 1!11:», T „ .too. SSa.'cs after hours on Monday. tPrevious fiilt cum dn aleiiil or iiiten\-t. BUSINESS IN AUSTRALIA TRADING OX STEADY LINES (Reed. 8.30 p.m.) SYDNEY, June 17 Trading on the Stock Exchange to-da.v was along steady lines. Turnover in industrials was moderately widespread. Sales included:— Bank New South Wales, £2O 10s; Huddart Parker, 455; Tooths, 50s (3d; Anthony Hordern, 13s Id; A.C.1., 43s Od; ditto (con.), HSs; Broken Hill Pty., 30s 3d; British Tobacco, 42s Od; Burns Philp, 40s 6d; DunlopPerdriau, 20s od; David Jones, 33a; Fairymead Sugar (ex div.), 3ts; Carpenter, 31s Gd; Self ridges. ISs 3d; .Mount Lycll, 20s 3d; Mount Morgan, os Id; North Broken Hill, 30s 7d. Business in Melbourne included; —Metropolitan (las, £2l 10s; Australian Foundation Investment Trust, .".s yd; Australian Paper Mfr.s.. 25s 3d; Herald and Times, 40s; Electrolytic Zinc, 51s: Broken Ilill Pty., 39s Gd; Broken Hill South, 21s 3d. A RECORD YEAR PIG MARKETING ASSOCIATION (0.C.) HAMILTON, Tuesday One of the most successful 'years has been experienced by the Now Zealand co-operative Pig Marketing Association, Limited, according to a report of the association reviewing its last season's operations. In all departments of its activities the published figures record an expansion of business, the volume handled for the year being a record in all respects. Altogether the association marketed just over 110.000 pigs. 329,000 bobby calves and 4300 cull cattle, amounting to a total of 443,295 carcases with an aggregate hooks weight of 26,062,5101b, These figures represent an increase of 1776 pigs, 75,001 bobby calves and 1360 cull cattle. An increase of 9956 pigs was sent in by suppliers on consignment. A very large proportion of the total weight of pig meat handled was disposed of direct frtm the producer to the retail trade through its own subsidiary curing factories.. The association's' turnover stands at a record figure of £609,000, which, plus that of its subsidiaries, would exceed £BOO,OOO. During the season, over £474,203 has already been distributed to suppliers of pigs, bobby calves and cull cattle, and there is a net surplus available for final distribution to pig and cull cattla suppliers of £23,000, this amount being exclusive of share credits and other benefits on qualified supply. It is intended to distribute the surplus to suppliers toward the end of July. The association's subscribed capita! now stands at £36,746, an increase of £3,400 on the figure _ published _ last year, and paid up capital, £12,825. ail increase of £I7OO on last year's figure. ARGENTINE EXPORTS SOME HEAVY DECLINES (0.C.) WELLINGTON, Tuesday A shortage of shipping is having a substantial effect on the export of the principal products of the Argentine, whose experience has been somewhat similar to that of New Zealand. The official figures of Argentine exports for the first -three months of this vear disclose that exports -of lamb, which were 1,303,138 carcases in the first three months o£ 10-10, had dropped to 533,477, a decrease of 831,001 carcases. During the same period New Zealand was able to send away 038,877 lamb carcases, a decline of 302,313. ~ . , ~ Frozen beef shows a decline to less than half the total in the previous year's period, hut frozen mutton exports rose from 33,820 carcases to 71.130. Argentina s export of wheat and maize is less than half the usual, and linseed exports have dropped to 98,011 tons from -133,000 tons. A significant trend is shown in the doubling of canned meat export in this period to a total of 1,114,021 cases. New Zealand s export of canned and potted meats. in the. same three months was only 10,0i0cwt. SILVER AND TIN VALUES LONDON, Jane 10 Silver is quoted unchanged at. 23% d a standard ounce and 25% d a line ounce. The market for tin is firmer. Spot: Buyers £'•01 "15s a ton; sellers, £202. Forward Buyers, £263 15s; sellers, £2O-1. FOREIGN EXCHANGE Closing telegraphic, rates for purchases and sales of foreign exchango Auckland on overseas centres yesterday were supplied by the Bank of New South Wales as follows: June 17 T.T. 1 i T.T. Buying Selling New York, dol. to £.. 3.2312 3.2050 Montreal, dol. to £ .. 3.0039 8.5240 Java, 11. to £ .. -. 6.187 Manila, pesos to £ .. 0,559 6.44'_ Hongkong, penco to dol. IS% 19 1-32 India, pence to rupee .. 22 5-32 22 23-32 Ceylon, pence to rupee . 22 5-32 22 23-32 Shanghai, penco to dol. Singapore, pence to dol. 34 41-64 35 3f>-«4 S Af., £N.Z. £S.A. 100 123 125/5/London. £N.Z. £st. 100 124/7/0 125 Australia, £A. £N.Z. 100 100/10/- 100 - Fiji. £F. i'N.Z. 100 90 Sb/12/6 QUOTATIONS IN LONDON LONDON. June Hi Foreign exchange rates arc:—New York (dollar). 4.03; Montreal (dollar), 4.45; Switzerland (fr.), 17.35; India (rupee). Is 5 31-32(1; Hongkong (dollar), 15d; Kobe (yen), 14 , / ; d; Shanghai (dollar), 3 19-0ld; Argentine (pesos), 17.043; Stockholm (kr-) 10.90.

SHAREMARKET INDICES London Financial Times (19'2<> equals 100) Govt. Home Indusseeuril ies rails trials 10-10 (hiprh) . 111.7 r.s.i> 101.G ioio (low) .. ioi,s iu.o 01.1 j m „» V2 .. m.i "•••* Juno 13 .. 1 IK.- 4.i.l Juno 10 .. H.S.'J 45.7 S..3 Gold mines 200.1 i ;is.s 17 17'..'...' 17-." New York Dow Jones' 10-10 fhijrh) 19-10 (low) . June 1 1 Jii no 1 '2 Juno .10 (1 O'Jfi equals 100): — o 0 Hails 30 Indust. Shares sold . :i2.(>7 "J5'2.>S0 — 22.15 111.8-1 — o s -,; 12'J.IS 540,000 OW-IO V'J.OS 560.000 •V 10 l'_' 1.95 310,000