BUSINESS ON EXCHANGE.

New Zealand Herald, Volume LXV, Issue 20130, 15 December 1928, Page 11

BUSINESS ON EXCHANGE.

THE WEEK'S TRANSACTIONS.

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

SUGAR FROM DpMINIONS. FURTHER PREFERENCE URGED. Australian Press Association—United Service LONDON. Dec. 13. At a meeting of the Sugar Federation of the British Empire Sir Ben Morgan, the chairman, spoke of his visit to all the sugar-producing areas in the Dominions. He said that if further preference were given llio output, could be enormously increased.

The federation passed a resolution to make representations to the British Covernment on the matter. FROZEN MEAT PRICES. LONDON MARKET VALUES. Dnlgety and Co., Ltd., report having received the following cablegram from their London house, dated December 13, regarding the frozen meat market: — New Zealand Lamb.—Prime Canterbury. 281b to 361b, 9 5-8 d; North Island, 9d; Canterbury, 361b to 421b, 9 5-8 d; North Island, 9d; Canterbury, second quality, 7|d; North Island, 7Jd; Canterbury," 421b to 501b, Bj>d. The market for New Zealand lamb is weaker. Uhe demand is limited. 1

New Zealand Mutton. —Prime Canterbury, 481b to 561b, 6 3-8 d; North Island, 6d; Canterbury, 561b to 641b, 6 l-8d; North Island, 53d; Canterbury, 641!) to 721b, 5 7-8 d; North Island, s£d: Canterbury ewes, 481b to 641b, 4^d; North Island, 'ld. . The mnrket for New Zealand mutton is weaker. TIIO demand is quiet. Australian Lamb!— Good average quality, 361b to 421b, 9d. The market for Australian lamb is weak. The demand runs principally on finest qualities. Australian Mutton.—Good average quality, 401b to 601b, 4 l-8d; fair average quality, 301b to 551b, 3 7-8 d; ewes, 3 7-Bd. Tho market for Australian mutton is dull. The demand is poor. New Zealand Beef.—Prime ox, hinds, 4Jd; fores, 33d. The market is unchanged. Tho demand is better. Argentine Bee/.—Chilled, hinds, 6jd; fores, 4 Ad. Pork.—English, 801b to 1001b. lOd; New Zealand porkers, 801b to 10011>, 6^d. OTAGO WHEAT AREAS. RAIN" INDICATES GOOD YIELDS. [BY TELEGRAPH. —OWN CORRESPONDENT. ] DUNEDIN, Friday. 'lt is Reported rain has been fairly general right through the wheatgrowing areas in tho Otago district and a very considerable quantity of rain , has fallen in tho Oamaru district. Rain came just in time to tide over a critical period. Unless something unforeseen now happens it can bo assumed there will bo.good averago yields of wheat next season throughout tho South Island. At present littlo interest is being shown in the wheat market by millers. Not much wheat is offering in the Otago district, but an occasional sale is still being made to millers of good quality Tuscan at 5s 9d, sacks extra, on trucks Canterbury stations. Hunters aro quoted at up to 6s 2d, sacks' extra, on trucks, hut there is not much of this variety available. Tito volume of business in fowl wheat is small. Occasional lots aro going to )|, O ]\i o rth Island from Canterbury, whom wiles have been ' rnado at 5s 7jd to 5s f),|, f.0.b., sacks extra. In the Otago tli.sf rict good quality is worth 6s per busi, o | ( micks extra, ex merchants' stores. After a long period of a stai remarket there is now a further feeling of weakness in oats. This is the result of continued lack of a consumptive demand and also of improved prospects following 011 the recent rains. Up to 4s Id, f.0.b.,5.i. is still being asked for A Cartons and (hero are sellers for forward delivery next season from April onward at 3s BJd. Occasional inquiries aro being received for B's, which aro worth 3s 7d, f.0.b..5.i. CANADIAN CROPS. Australian Press Association—United Service OTTAWA, Dec. 13. The value of the principal field crops 111 Canada this year was £210,208.000 according to the estimate of the Bureau of Statistics This is a reduction of £16,629,920 from last year. The grain crops wero worth £146,769,000 against £159,507,320 last year. SOUTHERN EXCHANGES. [BY TELEGRAPH. —PRESS ASSOCIATION.] WELLINGTON. Friday The following sales took place on the Stock Exchange to-day.—New Zealand Breweries, bonds, 25s 6d; Bank of New South Wales. £SO 7s 6d; Ijukenurp Collieries, 65s 6d 5 Commercial Bank, 30s 10d; Auckland Gas, 23s od. CIIKISTCHUKCII. Friday. The following sales took place on tho Stock Exchange to-dayOhristchurch Drainage Board, per cent, 1973, £IOO 10s; Bank of Now Zealand (" D" and "Mort" shares), 28s Id; National Insurance, 2d; National mortgage, 88s 6d; Christchurch Gas, 275, 26s fld; Timnru Brewery, 18s (two parcels); Now Zealand Guarantee Corporation, . 8s sd; Mahakipawa, Is 3d (eight parcels) ; United Building Society, 16s; Auckland Gas, 23s 9d (two parcels) 5 Waihi, 14s 7d.

Latest Snle. Return BANKS— £ s d £ s d Adelaide 10 0 0 '5 0 0 Australasia 14 14 0 4 15 3 Com. of Aust. 1 10 9 4 17 G National of Aust. 18 ir, 0 5 8 11 Ditto (con.) <} 7 0 5 G 11 New Zealand . . 3 1 0 4 13 3 Union of Australia . 15 10 G 4 1G 7 INSURANCE— National 0 1G 4 4 11 10 Now Zealand 2 5 6 4 0 7 LOAN AND AGENCY _ N.Z. Guar. Corp.(ord.) 0 8 G 7 1G 10 N.A. Far. Co-op. (ord.) 0 3 0 — COAL— Pukemiro Collieries . 3 r> 0 10 12 1 Renown Collieries . . 0 15 0 — GASAuckland 1 3 8 G 15 2 Ditto (con.) (1 17 5 G 17 10 SHIPPING— Devonport Ferry 1 5 0 G 0 0 Northern Steamship . I) 13 3 a 15 1 TIMBER— Kauri 0 19 3 — WOOLLEN— Kaiapoi 0 13 10 3 13 8 B KEWE'RIES— N.Z. Breweries 17 0 3 10 2 MISCELLANEOUS— British Tobacco . . o 5 0 t 8 11 Fanners' Trading (7 7 <) 8 5 2 Ditto (A pref.) 0 JO G G 3 a Milne and Choyco (debenture stock) . . 1 6 0 0 3 1 N.Z. Refrig. (con.) . I) 9 G 7 17 11 Sanford 0 17 G 8 0 0 Taranaki Oil . . 0 5 5 — DEBENTURES— War Loan, 1938. 4* . . 99 10 0 4 11 3 Ins. Stock. 1933, 51 . . K)t JO 0 5 3 0 Mt. Eden Bor.. '01. 53 102 10 0 5 11 8 Tamaki West, 1950, 53 102 10 0 r, 11 7 N.Z. Breweries 1 5 9 7 15 4* 'Docs not include i edemption.