BUSINESS ON EXCHANGES.

New Zealand Herald, Volume LXVI, Issue 20229, 13 April 1929, Page 9

BUSINESS ON EXCHANGES.

THE WEEK'S TRANSACTIONS. COMPARISON OF RETURNS. Following is a summary of transactions on New Zealand Stock Exchanges since Iho resumption of business on Monday. In the second column is given tho return, based on the last dividend, from investment at the quoted price. Iri the case of (iovernmenl and other redeemable securities the return includes redemption. The first column gives tho figures at which the latest sales wore made during the week: —

YESTERDAY'S SALES. The following sales took place yesterday:—War Loan, 1933, 5J- per cent., £lOl ss, Auckland Fire Board, 1939, 6 per cent., £lO3 10s; Bank of Adelaide, £lO 6s 6d; Bank of Australasia, £l4 14s; Commercial Bank of Australia, 29s 9d; Commercial Bank of Australia, preference, £7 9s; Bank of New South Wales, £sl 2s 6(1; Bank of New Zealand. 62s 3d: South British Insurance, 665; Auckland f!as, contributing, 18s 3d; Kaur! Timber, 17s 6d: Northern Steamship, 15s; Farmers' Trading Company, 8s 4d ; Sanford, 18s 3d, 18s 6d; Taranaki Oil, 5s 2d; Alburnia, Is lOd. SHIPPING CONFERENCE. FREIGHTS AND TAXATION. Australian and X.Z. Press Association. SYDNEY. April 12. The main recommendations in the report of tho Oversea Shipping Conference are that tho cost of transport should no longer be increased bv special taxes, that, when shipping profits are made they should bo taxed once, and once only, namely, in the country of residence of I lie Shipping Company; and that there should be no legislative bar to the making of agreements for tho carriage of produce; also, that rates of freights should be determined in (he country of origin of cargoes. Tho report suggests, as a means of meeting shipowners' losses, that there should be a. 7 per cent. increase in freights to Australia. That would vicld £300.000. FROZEN MEAT MARKET. QUOTATIONS FROM LONDON. Halgety and Company, Limited, report having received tho following cablegram regarding the frozen meat market from their London house, dated April 11 : New Zealand Lamb.—Prime Canterbury, 281b. to 361b., 9]d; North Island, 9d; Canterbury, 361b. to 421b., 8^(1; North Island. B^d; Canterbury, second quality, 8 7-8(1; North Island, 8 5-8 d; Canterbury, 4211). to 501b., 8 3-8 d; North Island, Bjd. Any change in the marketis in favour of sellers. The demand runs principally on light-weights. New Zealand Mutton.—Prime ranterbury, 481b. to 5611).. 7d: North Island, 6J,d; Canterbury, 561b. to 641b., North Island, 6d; Canterbury, 641b. to 7211)., 5.1,(1 ; North Island, 5d ; Canterbury ewes, 481b. to 641b., 4-Jd; North Island, 4Arl. The market is firmer, and the demand belter. Australian Lamb.—Good average finality, 281b. to 361b., Bjd ; fair average quality. 281 h. to 361b., 7ijd. The market, is unchanged, and the demand is limited Australian Mill ton.—Good average quality, 4011). to 6011 , 4 3-8 d : ewes, The market is firm owing to light stocks. Tho demand is fair. Beef.—Argentine chilled, hinds, 8(1: fores, sd. Pork.—English, 801b. to 1001b., 12d ; Now Zealand porkers. 8011). to 1001b.. 9d ; 1001b. to 12011)., 8«d. CHICAGO WHEAT MARKET. Australian and N.Z. Press Association. CHICAGO, April It. Wheat.—May, 1 dollar 20 5-8 cenfs per bushel; July, 1 dollar 24 3 8 cents; September, 1 dollar, 26 7 8 cents. SOUTHERN EXCHANGES. fnv TEMSGUAI'II. —IMIESS ASSOCIATION.! WELLINGTON. Friday. The following Stock Exchange sales took placo to-day : —Bank of New South Wales, £sl ss; National Electric, 8s 4d; Wilsons Cement, 41s 3d; luvercargill Borough Bonds. 5 per cent.. 1936,. £97; New Zealand Paper Mills, 18s 6d. CH R1 ST CHURCH. Friday. The following sales took place on the Stock Exchange to-day :—Commercial Bank of Australia, 29s lOd (two parcels); National Bank of Australasia (£5 paid), £9 12s 6d (two parcels); Bank of New Zealand, 62s Id (two parcels); New Zealand Refrigerating (£1 paid), 15s 6d (10s paid), 7s 3d; New Zealand Breweries, 63s (six parcels); Westport Coal, 32s 6d; Timaru Brewery (5s paid), 8s 3d (two parcels), 8s 4d; Colonial Sugar, £6O 2s 6d; Mount Lyell, 43 (t wo parcels), 43s Id (two parcels); Mahakipawa, Is (three parcels). Is Dunlop Rubber, 28s 6d; British Tobacco. 48s (three parcels). 48s 3d. DUNEDIN, Friday. The following Stock Exchange sales look placo to-day Dominion Rubbers, 32s 6d, 335; New Zealand Breweries, 635; Bank of New Zealand, 62s 3d; Kildare, 3s 3d; West port. Coal, 32s 9d ; New Zealand Refrigerating (con.), 7s 3d.

Latest Sale. Return. X 3. d. £ s. d. BANKS. Adelaide . . . 10 G 6 4 ir, 10 Australasia . . . . 1) 14 0 4 15 3 Aua. of Commerce . 1 15 10 4 0 4 Com. of Australia . 19 0 5 0 10. Ditto (prof.) . . 7 0 0 5 7 4* Ens., Scot., Am. . . 8 16 0 4 ft 4 Nat. of Australasia . 10 11 fi 5 2 o Ditto (eon.) . 0 13 0 5 3 8 National of N.Z. . . 7 '2 (1 4 18 3 New South Wales 51 2 fi 4 17 10 New Zealand . . .3 2;! 1 12 1 Union . . .15 10 fi 4 1G 7 INSURANCE. National . . . 0 10 '8 4 10 0 Now Zealand .. 2 7 0 3 18 0 South British . . 3 6 0 3 13 3 LOAN AND AGENCY. *Dal?ety and Co. . . 15 13 0 5 8 7 *Goldsbrouph, Mort 2 13 0 n 13 3 N.Z. Guarantee . . 0 8 10 7 10 11 COAL. Taupiri • . . . 1 fi fi 7 10 11 Weslporl-Stockt'jn . 0 2 0 — GAS. Auckland . . . . 14 3 fi 11 11 Ditto (con,) . . 0 18 3 fi 11 6 SHIPPING. Northern • • . . 0 15 0 7 14 8 TIMBER. Kauri . . . . 0 17 fi 4 5 8 BREWERIES. New Zealand . . 3 3 0 1 15 3 Staples . . . . 2 5 3 r> 10 6 MISCELLANEOUS. A us. Iron and Steel 1 1 3 British Tobacco . . 2 8 0 1 11 8 Colonial Stttfur . . CO 5 0 4 3 0 Dunlop Rubber . . 1 8 fi 5 5 Electro. Zinc (pref.) 1 16 0 i; 30 7 Farmers' Trading Co. 0 8 4 7 13 7 Milne and Choyco (deb. stock) . . 1 fi 0 5 10 7 N.Z. Farm. Fertiliser 1 1 fi 5 11 7 N.Z. Paper Mills . . 0 18 fi fi 0 0 Sanford, Ltd. . . 0 18 fi 7 11 4 Ditto (pref.) . . 0 10 0 7 7 1 Taranaki Oil . . 0 5 2 — Wilsons Cement . . 2 10 4 17 7 N.Z. GOVT. LOANS. War Loan. 1030. 5i . 101 10 0 5 4 0 Ditto, 1030. <11 . . 100 0 0 4 10 0 Ditto. 1033, 5! . . 101 5 0 5 o 11 Inscr. Stock. 1933, 55 101 10 0 5 1 G DEBENTURES. Ak. Fire Ed., 1030, fi 103 10 0 5 10 9 A k.- liar. Bd.. 1010, SI 101 0 0 5 7 fi Ak. Hor. Bd,, 1932, 5} 101 0 0 5 2 7 Cl.ristchurch Trams, 1911, 5} ... .. 100 10 0 0 0 N.Z. Breweries . . 1 fi 4 7 12 io: •Free of income tax. IDoes not includo redemption.