STOCKS AND SHARES

New Zealand Herald, Volume LXXVIII, Issue 24024, 23 July 1941, Page 3

STOCKS AND SHARES

THE AUCKLAND EXCHANGE ADVANCE IN BANK ISSUES Gilt-edged securities and bank shares firmed on Llie Auckland Stork Exchange yesterday, but the upward movement 111 industrials spent itself, levels steadying at the advanced rales. Business was again strong in volume, the higher levels ruling for Government loans attracting more supplies, which were quickly taken up. Bank of New Zeulands made a further gain of (3d to 39s 6d, the best price they have made since the announcement of tho reduced dividend. Improved levels were also registered on sale by other bank shares, while for Nationals of New Zealand offers of 36s 6d attracted a selling quotation of 40s. CLOSING QUOTATIONS Buyers Sellers £ s (1 £ s d BANKS, INSURANCE, AGENCY Bank Australasia . 8 ,S 0 8 9 6 Com. Bank Aus. 011 4 0 35 0 Ditto (pref.) 9 0 o Xat. Bank N.Z. 110 0 2 0 0 Xnt. A'a.sia (con.) 5 14 0 6 0 0 i Bank N.S.W. . . 28 10 0 30 0 0 Bank Now Zealand 3 38 6 1 39 6 Ditto (D mort.) 19 9 Union Bank .. 6 10 0 G 32 6 National ins. . . 0 38 6 N.Z. Ins. (ex div. aud bonus) . . 3 3 6 3 4 6 South British Ins. 2 13 6 .Standard . .. 3 0 0 Dominion .Invest. 0 17 9 F.A.C. (£5 paid) 4 2 6 Ditto (i-'l paid) 0 316 < ioldsbrough - Mort 1 <> 0 1 31 0 N.Z. Guarantee . . 0 2 5 0 2 8 N\Z. Loan & Merc. 30 O O 32 0 0 Trad. Fin. (con.) . 0 211 0 3 3 COAL, GAS, SHIPPING Renown (ord.) .. O 9 9 011 0 Ditto (pref.) .. 0 2 6 Taupiri (ord.) .. 1 2 0 West port . . . 12 6 13 0 West.-Stock, (ord.) 0 2 6 0 2 8 Ditto (pref.) .. 0 0 6 0 7 3 Auckland Gas .. 0 0 3 0 (5 6 Ditto (eon.) .. 0 2 0 0 3 3 Devon port Ferry .116 Adelaido Steam .. ■ — 110 0 Northern Steam .. 0 3 6 0 4 0 TIMBER, WOOLLENS, BREWERIES Leyland - O'Brien 015 0 National . 0 0 0 0 7 6 Tan po Tot, (15/.) 032 3 Bonds Hosiery .. 15 0 Kaiapoi (paid) 0 35 6 Ditto (con.) .. 0 5 0 Mosgiel .. 10 0 0 30 5 0 Oamarn . . .. 10 3 Yarra Falls ... 22 6 Dom. Brew, (ord) 18 3 10 9 •New Zealand Brew. 112 3 112 9 MISCELLANEOUS A.C.T British Tobacco . . 2 4 O 2 6 0 Broken Hill Pty. 2 3 0 2 3 9 Claude Neon (N.Z.) 032 0 015 3 Colonial Sugar .. 51 10 0 10 0 Con. Brick .. 0 7 3 0.4 Canterbury Meat . 93 7 h Electro. Zinc (rts.) 18 9 1 9 0 Farmers' Trading .110 114 G. .T. Coles .. 3 10 1.C.1, (pref.) . ■ 14 0 M. and' C. (deb.) 014 G - M.K. Mfrs. .. 0 5 3 0 6 0 Morts Dock .. —■ J ion Milburn Lime .. J J " N.Z. Drug •• 33 / fi 319 0 N.Z. Farm. Fert. O3 9 3 Ditto (pref.) . . 12 6 13 0 N.Z. Rcfrig. (pd.) 01, o Ditto (con.) .. O . 9 Peters Ice (N.Z.) . 013 6 Beid Rubber .. l o o 1 6 6 Do (7/0 paid) .(111 O 012 0 Wilsons Cement . . 018 8 019 0 Wool worths (N.Z.) 013 8 014 o Ditto (Syd.) . . 017 1 0 1.4 MINING Martha .. •• l! 7 I 2 I Waihi Invests. .. 04 3 ?« n Broken Hill South 1 o o 3 6 9 Emperor .. 011 1 ? n « Loloma .. • • 5 ' i s n Mount Lyell . • 1 < " o o 2 Mt. Morgan (ord.) 0 8 , N.Z. GOVT. LOANS B °lsn7r>3-57, 3V, .300 10 O 15/2/43-16,4 . . 102 5 0 15/4/46-40. 4.. 104 ft 0 15/6/52-55. 4 . . 100 5 0 Rural Bonds — _ „ „ 15/0/47 4 • ■ 103 0 0 War 'Loan' 1/10/53 87 5 0 87 10 0 St 35/3/53-57, 3V t .300 10 0 15/2/43-46. 4 .. 102 10 0 15/4/40-40,4.. 104 0 0 15/5/10-52, 4 .. 105 5 0 105 10 0 15/0/52-55, 4 •• 105 15 0 106 0 0 33 '5/54-58! 4 .. 106 5 0 S A.C., 1/0/44. 3'i 98 0 0 Nat. Development, 15/1/56-59. 3'i . Pi 10 0 Loan, 22/5/60, 3V 2 100 10 0 DEBENTURES CH 'A 2 A /!£ k T: ioo o o ,0710 o ion o o ,09 ,0 o Auck. Gas (pcrp.) 05 30 0 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: Ju 'y 22 m T.T. T.T. Buying Selling New York, dol. to £.. 3.2542 3.2050 Montreal, dol. to £ 3.0039 3.5290 .lava tl. to £ .. •• 0-18/ 0.004 Manila, pesos to & .. 6.550 6.442 Hongkong, pence to dol. 18/* 101-*2 India, pence to rupee .. 22 5-32 22 23-3.. Ceylon, pence to rupee . 22 5-32 '*2 23-32 Shanghai, pence to dol. "J'« Singapore, pence to dol. 31 41-64 35 30-64 S Af. £N.Z. £S.A. 100 123 125/5/I Kind on., £N.Z. £et. 100 324/7/0 125 Australia, £A. £N.Z. 100 100/10/- 100 Fiji £F. £N.Z. 100 .. 00 88/12/fl

QUOTATIONS IN LONDON LONDON*, July 21 Foreign exchange rates are:—New York (dollar), 4.03; Montreal (dollar), 4.45; Switzerland (fr.), 17.35; India (rupee) Is 6 31-32 d; Hongkong (dollar), lf>d; Kobe (von), 14V,d; Shanghai (dollar), 3'/,d; Argontine (pesos). 17.043; Stockholm (kr.), 10.90. SHAREMARKET INDICES London Financial Times (1920 equals 100): Govt. Homo Indus- Gold securities rails trials mines 1940 (high) . 111.7 58.2 101.0 200.4 1940 (low) .. 101.8 31.9 01.1 July 10 .. 114.0 47.9 92.0 109.8 July 17 .. 113.9 47.8 !)1.8 1.0.1 July 21 .. 314.0 47.0 91.9 109.7 New York Dow Jones (1020 equals 100): 20 Rails 30 Indust. Shares sold 1940 (high) . 32.07 152.80 1940 (low) .. 22.15 111.h4 July 18 .. 20.44 127.09 420.000 .T V 19 .. 29.51 127,98 220,000 July 21 .. 30.54 129.50 910,000 SILVER AND TIN VALUES LONDON. July 21 .Silver is quoted at 23 7-10.1 a standard onnco and 25 5-1 (>d a fine ounce, against 23? id and 25V«d an ounce previously. Tin prices are recovering. Spot: Buyers, £259 a ton; sellers, £'259 ss. Forward: Buyers, £'2o2; sellers, £202 ss. QUEENSLAND BANK PROFIT Tho Queensland National Bank, Limited, earned a net profit of £87.835 for the year ended June 30, against £88.031. The utj* chantred dividend of 5 per cent absorbs all but. £335 of the profit. CITIZENS' BUILDING SOCIETY A net profit of £075, nn increase of £9B, was reported by ilie Citizens' lernianent Building and Investment Society, Auckland, for the year ended May 31. A dividend of 5 i>er cent was paid and the reservo account increased bv £SO to £IBOO. Assets of the society total £20,907, including mortgages £17,470. CALL AND DIVIDEND LIST Dividends — Buo Union Bank—l., 3/- stir, (less U.K. lax at 0/0 in £1) . . July 30 British Tobacco—pref., quarterly, £l/12/0 p.c July 31 1.C.1. A. and N.Z.—pf.. half-yearly, 2% p.c July 31 Smith and Smith—pref., half-year, '2% p.c. (less security taxes) .. July 31 Auckland Gas—-1., I' 4 p.c. .. Aug. 1 Wellington Gas—l., 3 p.c. .. Aug. 1 G. J. Coles—F.. 10 p.c. . . Aug. 4 N.Z. Insurance—F., 1/; bonus, Od Aug. 5 N.Z. Fort.—pref., half-yearly, 2 J J p.c..; ord., 0 p.c. . . . . Aug. IB Woolworths (Syd.)—half-yearly, Ist pref., 5 p.c.; 2nd pref., 3% p.c. Aug. 15 AV'wthsi (W.A.pref., 4 p.c. . Aug. 15 Mt. Morgan—half-yearly, pf., 4 p.c. Aug. 15 Com. Bank Ans.—F., pref.. 2 p.c.; ord 3 S £ pc. .. Elect. Zinc—F., ord. and pf., S p.c. Sept. 20 Calls— Broken Hill Pty.—con., bl* .. J"'? A.C.I. —con., Sept. 30