YESTERDAY'S SALES.

New Zealand Herald, Volume LXVI, Issue 20288, 22 June 1929, Page 9

YESTERDAY'S SALES.

BUSINESS ON EXCHANGES. RETURNS ON INVESTMENTS. Following is a list of yesterday's transactions on New Zealand Stock Exchanges. In the second column is given tho return, based on the last dividend, from investment at the quoted price. In the case of Government and other redeemable securities tho return includes redemption. Tho first column gives tho figures at which tho sales were made yesterday:—

TOBACCO INDUSTRY. NEW COMPANY BEING FORMED. The preliminary announcement is made in the advertising columns of the incorporation of the Empire Tobacco Corporation, Limited. This company, which is being formed by a syndicate of business men, will have an authorised capital of £250,000, of which over £IOO,OOO will be subscribed and fully paid up. Its objects cover the development of the tobacco industry in the Dominion on the widest scale, and the company will engage in the growing of tobacco as well as in manufacturing and marketing. SKIN AND HIDES .SALES. PRICES AT WELLINGTON. [by telegraph.—own correspondent.] WELLINGTON, Friday. / At the fortnightly sale of skins and hides to-day, prices for sheepskins were somewhat easier, but hides showed a distinctly better tone, and experienced anit*d competition for all sound lots. Values appreciated up to £d per lb. on cow hides, while ox showed an advance of about id to for sound, well-conditioned lots. Yearlings and kip were also dearer, but calf showed no alteration in value. Tallow was easier. The range of prices was as follows: — ! Dry Sheepskins.—Halfbred, 10£ dto 13id ; fine crossbred, to medium crossbred, Wd to 12-id; coarse crossbred, to 103 d; half wools, 6£d to quarter wools, to lid; pelts, 6d to 10£ d. . Salted Sheepskins.—Quarter wools, 5s 3d to 6s 3d; half wools, 5s 7d to 8s 6d; threequarter wools, 7s Id to 9s 9cl; full wools, 9s 7d to ]os 7d; extra large lambs, 3s 3d to 6s 6d. Hides.—Ox, 331b. to 441b.. 6d to 7|d; 451b. to 521b., 7|d to Bgd: 531b. to 591b., 7j}d to 9j|d; 601b. to 691b., 8 l-8d to 10Jd; 701b. and over, Bsd to 10|d; cow, 331b. to 391b., 6|d to 7|d; 401b. to 481b., -s|d to 7£d; 491b. and over, 7d to 7Jd. Kip.- 251b. t-o 321b., 5d to 93d; 171b. to 241b., 5d to lOAd; yearling, 111b. to 161 hj., 9gd to lid. Calf.—9lb. to 101b., Bjd; 61b. to 81b., 9iid to 15£ d; lib. to 51b., 9d to 14|d. Tallow.—ln casks, 27s to 27s 6d; in tins, etc., 18s to 28s 9d.

WORLD'S WHEAT ACREAGE. EARLY ESTIMATES MODIFIED. Australian and N.Z. Press Association. (Received June 21, 5.5 p.m.) "WASHINGTON, June 20. The United States Department of Agriculture estimates that there is a total of 41,000,000 acres sown in wheat in &2 countries. This is about 6,000,000 acres more than in 1928. The chief increase is 4,200,000 acres in the United States. It is too early to make a very definite forecast of the world's crop conditions, but it may be at least 5 per cent, less than last year. Droughts in Argentina and the severe winter in Europe are held responsible for the modification of earlier estimates that (he world's crop would bo larger than in 1928MELBOURNE PRODUCE. Australian and N.Z. Press Association. MELBOURNE, June 21. The following are to-day's quotations on the Melbourne produce markets:— Wheat—4s 6(1. Flour—£lo 15s to £ll. Pollard—£7 10s. Oats—3s 6d to 3s Bd. Barley—English, 3s 7d to 3s lOd. Maize—ss Bd. NEW YORK CALL MONEY. Australian and N.Z. Press Association. NEW YORK, June 20. " Call money was quoted at 7 per cent, all day to-day. • •*'

CALL AND DIVIDEND >--LIST. Dividends— Duo; Bs.nk of New Zealand—ll 1-3 p.c. p.a. ord., mid 7i P.c. p.a., D pref • • • 1 o-day. Ml. Jjyell—ls 3tk per shnre (int.) June 24. Goldsbrough, Mori—ls p.c. p.a. Juno 56. A. J. Entricun and Co.—6 p.o. p.a., ord., and G p.o. p.a.. pref. Juno 27. British Tobacco—2| p.o. on ord. (int.) ~ .'ii •• ■; Juno 29. •Loan and Mero.— 24 p.c. on pref. (int.); 3j p.o. on second pref. (int.); 3 p.c on ord. (int.) June 29. tNew Zealand and River Plate—--4 J p.c. (int.) ... J"? JNational Moitgase—3J p.c. (int.) July 2. National Bank of New Zealand— Final dividend of 12 p.c. p.a. and bonus of 2 p.c. . . . . July tLees -is in £1 income tax. ♦Less 2s in £1 English income tax.

AUCKLAND EXCHANGE. Return on Sale Price. Investment. fed £ 3 d Tolaga Bay Hb, Bd., 0 1944, 6 p.c. .. 102 10 5 14 11 War Loan. 1933, 54 . 101 5 0 5 2 H Ilia. Stic., 1933. 64 . 101 6 0 5 2 11 *N.Z. Browories (debs.) 1 5 3 7 18 5 Com. Bk. Australia . 1 10 2 4 19 5 Bk. N.S. Wales . . 51 10 0 4 17 1 Ditto (Melb. ret;.) . 51 12 0 4 16 11 Union of Australia ■4 18 (Melb. regr.* . 15 6 0 0 N.Z. Insurance . . 2 8 3 3 16 0 South British Ins. .. 3 6 6 3 15 2 Newton King (pref.) 0 10 0 — Renown Coal (pref.) . 0 3 0 — Auckland Gas . . 14 6 6 10 7 Ditto (2) .: 1 4 5 G 11 1 Ditto, con. (2) .. 0 18 2 6 12 1 Dovonport Ferry .. 12 3 6 14 9 "Wilsons Cement . . 2 1 10j 4 15 6 CHRISTCHURCH EXCHANGE. N.Z. Farm. Co-op. 7 11 Stk., 1940, 61 . . 90 O 0 4 Aus. Bk. Comm. (2) . 1 16 7 4 7 6 Com. Bk. Aust. (3) 1 10 0 5 0 0 Ditto . . . . 1 10 2 4 19 5 Eng., Scot, and Aus. Bit. (2) ..8 9 0 4 8 9 Bk. N.S. Wales . . 51 7 6 4 17 4 Ditto (3) . . . . 51 10 0 4 17 1 Dalgety and Co. . . 15 2 0 5 12 7 Goldsbrough, Mort (3) 2 10 3 5 19 4 N.Z. Breweries (2) . 3 16 0 3 18 11 Ditto < . . . . 3 15 0 4 0 0 Staples Brewery (4) . 2 10 0 5 0 0 British Tobacco (4) 2 9 2 4 9 6 Henry Jones Co-op. . 1 14 2 5 17 1 The following sale also took place.—New Zealand Breweries, 74s lOd. DUNEDIN EXCHANGE. Westport Coal .. 1 13 3 6 15 4 WELLINGTON EXCHANGE. Bk. New Zealand . . 3 1 6 4 13 2 *N.Z. Breweries (debs.) 1 6 0 7 13 10 N.Z. Invest, Mort. and Deposit . . 0 10 0 7 0 0 Wellington Meat Export 0 12 6 " — British Tobacco . . 2 9 3 4 9 4 •Does not include redemption. MINING SALES Auckland.—Waihi. 11b 8d and lis 5d (odd parcel). 4d, ChriBtchurch.—Mount Lyell, 42s 42s 5d: Kawarau, 4}d: Mahakipawa. 6d (eight). 6d, 6jd (three).