BUSINESS ON EXCHANGE.

New Zealand Herald, Volume LXV, Issue 20112, 24 November 1928, Page 11

BUSINESS ON EXCHANGE.

THE WEEK'S TRANSACTIONS.

COMPARISON OF RETURNS. Following is a summary of transactions on tho Auckland Stock Exchange sinco Friday of last week. In the second column is given tho return, based on tho last dividend, from investment at the quoted price. In tho case of Government and other redeemable securities tho return includes redemption. Tho first column gives thn figures at which tho latest sales were made during tho week: —

Latest Rale. Return. BANKS— £ a. d. £ a. d. Adelaide .. 10 0 0 5 0 0 Aust. of Commerce .. 113 0 415 l> Com. of Aust. (pref.) 7 8 0 5 8 1 Nat. of Aust. (coil.) ,0 12 0 5 4 2 New Zealand .. .. 3 19 412 10 Union .. .. .. 15 8 G 417 3 INSURANCE— National .. •.-> 0 Ifi 11 4 8 8 New Zealand .. . 2 7 0 318 0 South British .. 3 4 0 315 0 LOAN AND AGENCY— Farmers' Co-op. Auc. (A pref.) .. 017 f. Cl 7 2 Loan and Mere. .. 120 0 0 0 5 0 COALIlikurangi .. 0 <• Ditto (pref.) ~.0 112 Renown (pref.) v.\ 0 211 GASAuckland .r.r.i 13 4 C 17 2 SHIPPING— Iluddurt-Parker .. 2 8 0 510 8 Northern Steamship . 013 10 6 7 8 TIMBER— Bartholomew hv 018 G 813 0 WOOLLEN— Kuiapoi . 0 13 9 3 11 2 BREWERIES— New Zealand 2 17 0 3 10 2 Staples .. .. 2 19 415 10 MISCELLANEOUS - Aust. Iron and Steel (pref.) .. .. 10 4 Dental and Medical .. 010 0 10 0 0 Electro. Zinc (ord.) 115 0 li 17 2 Wilsons Cement .. 2 10 417 7 N.Z. GOVT. LOANSWur Loan, 1939. 41 99 7 (5 4 11 8 IliHciib, Stk., 1933, 5$ lot 10 0 5 ,3 0 Ditto, 1931, G .. 101 7 G 5 9 9 DEBENTURESMf. Eden Bor., '(11. sn,5 n , 102 0 0 5 12 1 New Ply. Bor., "33, 5 97 10 0 5 11 8 N.Z. Breweries .. 1 5 2 719 Ot Tamaki Rd. 8d.,'59, 5} 102 0 0 5 12 3 Akd. Har. Bd., '39. 5.J 97 10 0 5 11 2 Ditto, 1937, 51 .. 97 10 0 512 2 Ditto, 1913, 5J .. 100 0 0 510 0 tDoes not include redemption.

ROSS SEA WHALING. NEW COMPANY IN BRITAIN. United Service! LONDON, Nov. 22. A British company is being formed with a capital of £350,000 for whale fishing in the Ross Sea. It is negotiating to buy the White Star steamer Runic,, 12,663 tons, for conversion to a floating factory. The" oil will bo brought to Europo for margarine, soap and lubricating oil. The company will be the third British enterprise operating in tlio Antarctic. Norwegians will control the technical processes, with the assistance of men who were formerly in the British Navy. CITY FREEHOLD SECTIONS. PASSED IN AT £22,500. - / After attracting a bid of £22,500 three city freehold allotments with frontages to Albert and Elliott Street and containing a two-storev brick warehouse wero passed in yesterday, tho offors not reaching the seller's reserve. Tho property, which is owned by Mr. I. Kahn, of Sydney, has a frontage to Elliott Street of a little over 43 links and to Albert Street of 86 links, the total area being 33.3 perchoi, Tho building is on tho Elliott Street line, the sections facing Albert Street being clear. The sale was conducted by Roberts and Company, before a good bench of buyers. Bidding started at £IB,OOO and rose by bids of £SOO to £22,500. The terms of sale were 2£ per cent,, on tho fall of the hammer, per cent, within ono month and tho balance on first mortgage for five years at 6 per cent. Immediately after the' bidding ceased negotiations were commenced for the sale of one of the vacant sections by private treaty.

BRUNNER COLLIERIES. ISSUE OF UK DEN TURKS. In order to complete llie payment for plant and to undertake a general development scheme, the directors of Dimmer Collieries, Limited, with the head gflico in Wellington, has docided to invite subscriptions for 1000 debentures of £25 each. The debentures will bo issued for a poriod of ton years from November 30 next, with the right of the company to repay ut any time after the expiry of five years. Debenture-holders will havo the right at any time within three years from the date of the debenture, to convert half their holding into ordinary shares. The security will bo a first mortgage on the company's undertaking, known as the Wallsend mine, described as "a proved initio on tho eve of production," with an estimated output for tho first year of from 40.000 to 50.000 tons. Tho mine is situated six and a-half miles from Greymouth,- and tho coal is doscribod as a hard, bituminous product with an established reputation for gas, smithy work and steam-raising purposes. Tho organising underwriters aro the New Zealand Underwriting and Development Corporation, Limited. Tho present paidup capital of tho company is £51,105. LANDS FOR SELECTION. The North Auckland Lands and Survey Office announces that 1862 acres of inferior lands in tho North Auckland district are now open for selection, under section 223 of the Land Act, 1924. Applications will bo roceivcd at the North Auckland Lands and Survey Office, Auckland, up to 4 p.m. on December 10. Further details aro advertised. SOUTHERN EXCHANGES. [by: TELEGllAl'ir.—press association.] WELLINGTON. Friday. Tho following sales took placo on tho Stock Exchange to-day Electrolytic Zinc (old.), 35s 6d; New Zealand Government Stock, per cent., 1933, £lOl 7a 6(1; Now Zealand Breweries (bonds), 25s (tiv-o); National Bank of Australasia (£5 paid), £9 12s; Bank of New Zealand. £3 Is 9dt Bank of Now Zealand (D shares), 28s 3d; Union Bank, £ls 7s 6(1; Dalgety and Company, £ls 4s; Goldsbrough, Mort and Company, 52s 9d; New Zealand Guarantee Corporation, 8s 7eJ j National Insurance, 16s lid, 17s j New Zealand Refrigerating (10s paid), 9s sd. CimiS'rcnUßCH, Friday Tho following sales took placo on tho Stock Exchange to-day;— English, Scottish and Australian Bank. £8 9s: South British Insurance. 64s 3d; Dalgety and Company. £ls 3s 6d; Christchurch Gas, 26s 5d (threo)j Now Zealand Broworios. 57s 6d (four). 57s 3d (two); Tooth's Browory, 47s 6d; New Zealand Guarantee Corporation, 8 s 6d: Victoria Nyan/.a Sugar, 46s 3d; Mahakipawa, Is 1(1 (three)-; Union Steam (pref.), 20s 7d. 20s lOd. DUNEbIN, Friday. The following salos were mado oti tho Stock Exchange to-day Upper Nevis (pref.), Is 6d; Dalgety and Company, £ls 4s.