BUSINESS ON EXCHANGES.

New Zealand Herald, Volume LXVI, Issue 20152, 12 January 1929, Page 9

BUSINESS ON EXCHANGES.

THE WEEK'S TRANSACTIONS. COMPARISON OF RETURNS. Following is a summary of transactions on New Zealand Stock Exchanges during this week. In the second column is given the return, based on f.ho last dividend, from investment at the quoted price. In the case of Government and other redeemable securities, the return includes redemption. The first column gives the figures at which the latest sales were made during the week:—

DUNEDIN GRAIN MARKET. LITTLE INTEREST SHOWN. [BY TELEGRAPH. —OWN CORRESPONDENT.] DUNEDIN, Friday. Little interest is being shown in milling wheat for immediate delivery. All millers are holding stocks and are satisfied to mark time until the new season's wheat makes its appearance. The quantity of fowl wheat offering is still fairly heavy and in excess of the demand. The bulk of the wheat is under-grade and has been carried over from the last harvest, having been affected bv weather and proved unsuitable for milling. Local merchants are not short of stocks and 6s, sacks extra, ex store, is still obtainable for good quality. Shipping prices, howover, are weak, with sales being made where buyers can bo found at 5s 7d, f.0.b., sacks extra. Business in oafs remains at a standstill. No inquiries are being received from any quarter, but, on the other hand, growers have practically placed ail their oats. The demand for chaff is very quiet, with prices remaining unchanged. There are sufficient potatoes reaching the market to meet the demand, which is not great for this time of year, as householders are digging their own tubers. There • is practically nothing doing m seeds. ' CO-OPERATIVE PIG MARKETING. SEASON'S PROSPECTS BRIGHT. [BY TELEGRATH. —OWN CORRESPONDENT.] HAMILTON. Friday. 'llie New Zoaland Co-operative Pig Marketing Association received 5330 pigs during December, compared with 4690 lor the corresponding period last year. The number received this season to date totals 13,960, compared with 5198 for the corresponding period last year. Practically ah the carcases received have heeu sold at, satisfactory rates. The London and local markets are steady, and all pigs going forward have found a ready sale. Many pigs are being hold by farmers for fattening purposes. The prospects for the remainder of the season are regarded as excellent. MELBOURNE PRODUCE. MELBOURNE, Jan. 11. The following are to-day's quotations onjho Melbourne produce markets:— Wheat.—4s 64-d. Flour.—£ll 2s 6d to £ll 7s 6d. Bran. —£5 15s. Pollard.—£6 ss. Oats. —2s 9d to 2s lOjd. Barley.—English, 4s to 4s 3d. Maize.—ss. CHICAGO WHEAT MARKET. Australian and N.Z. Press Association. CHICAGO, Jan. 10. Wheat.—March, 1 dollar 18? ' cents per bushel; May, 1 dollar 21 1-8 cents; July, 1 dollar 2*2s cents. PRICES OF LAMB FOR EXPORT. [BY TELEGRAPH. —PRESS ASSOCIATION.] WELLINGTON. Friday The New Zealand Meat Producers' Board advises that the following prices were being offered for fat stock for expert at January 10: > Hawke's Bay.—Prime Woollv lambs, 361b and under, lOd per lb: 371b to 421b, 9jd; 431b and over, 9d; second quality lambs, 9d. Wellington.—Prune woollv lambs, 361b and under, lOd; 371b to 421b, 9^d; 431b and over, 9d; second quality lambs, 9d. Canterbury.—Prime woolly lambs, 361b and under, 10^d; 371b to 421b, lOd; 431b and over, 9£d; second quality lambs. 9^d. Southland.—Prime woolly lambs, 361b and under, and over, 9^d; second quality lambs, 9id. SOUTHERN EXCHANGES. [BY TELEGRAPH. —PRESS ASSOCIATION.] WELLINGTON. Friday The following sales took place on the Stock Exchange to-day:—Bank of New South Wales, £SO 15s (two); Government Stock, 4£ per cent., £99 10s; Government Bonds, 4£ per cent., IS3O, £99 7s 6d; Australian Bank of Commerce, 33s lOd; Union Bank, £ls 16s. CHRISTCHURCH. Friday. The following sales took place on the Stock Exchange to-day:—Christchurch Trams, 5£ per cent., 1934, £100; Australian Bank of Commerce, 34s (three); United Insurance, £ll 4s 6d; New Zea land Refrigerating (£1 paid, cum div.), 19s; New Zealand Refrigerating (10s paid, cum div.), 9s 4d, 8s 2d; New Zealand Breweries, 58s 3d (two), 58s 6d (six): Timaru Brewery (rights), 3s 5d (seven); 'Heath and Co. (rights), 7s 2d (two), 7s 3d (two), 7s 4d; Auckland Gas, 24s 3d. 24s 4d UUNEDIN. "'rida.v The following sales took place 011 the Stock Exchange to-day:—New Zealand Breweries. 58s 3d; Commercial Bank, 30s 9d (two); National Bank of New Zealand, £7 4s.

Latest Sale. Return. BANKS- £ s. d. £ 8. d. Commercial of Aus, . ,1 10 9 4 17 6 Eng.. Scot, and Aus. a 12 0 4 7 2 National of N.?. 7 4 0 4 17 3 New Zealand 3 2 0 4 12 6 Nat. of Aus. (con,) . . 9 9 0 5 5 9 Union of Australia 15 17 0 4 14 7 INSURANCE— New Zealand 2 7 3 3 17 7 South British 3 4 3 3 15 o LOAN AND AGENCY - Goldsbrough, Mort . 2 11 5 5 16 8 Dalgety and Co. 15 5 0 5 11 5 Loan and Merc . . 118 0 0 6 15 7t COAL— Renown 0 15 6 — Ditto (pref.) 0 2 8 — GASAuckland 1 4 4 G 11 ft Ditto (con.) 0 18 0 G 13 4 SHIPPING— Huddart-Parker 2 9 0 5 14 3 P. and 0. .. .. 2 19 0 4 1 4 WOOLLEN— Kaiapoi (cpn.) 0 4 3 4 18 10 BREWERIES- ' New Zealand 2 18 0 3 8 4 Staples 2 1 9 4 15 10 MISCELLANEOUS— British Tobacco 2 5 9 4 1ft 2 Colonial Sugar 59 15 0 4 3 8 Elec. Zinc 1 16 G ft 11 G Farmers' Trading Co. 0 8 3 7 15 2 Hay ward's Pictures . 1 0 9 8 13 5 Holden's Motors 1 JO 0 10 0 0 Milne and Choyc.e (deb.) ■ 1 ft 2 G 2 3 N.Z. Rcfrig. (con.) 0 9 5 7 19 '3 Whittome Stevenson 2 2 ft 8 4 8 Wilson's Cement 2 f G 4 15 2 N.Z. GOVT. LOANS- _ War Loan, 1930. 4i . . 99 J2 ft 4 17 ft Ditto, 1938, 99 10 0 4 11 4 Ditto. 1939, Vi . . 99 7 G 4 11 8 DEBENTURES— Auck Hr. Bd.. '39. 5J 97 10 0 5 11 8 Ancle. City, '40. 5} . 98 0 0 5 10 0 N.Z. Breweries 1 5 9 7 15 4* *Not including redemption. tLess English income tax of 2s in the £.