YESTERDAY'S SALES.

New Zealand Herald, Volume LXVI, Issue 20302, 9 July 1929, Page 7

YESTERDAY'S SALES.

BUSINESS ON EXCHANGES.

RETURNS ON INVESTMENTS. Following is a list of yesterday's trans actions on New Zealand Stock Exchanges. In the second column is' given tho return, based on tho 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 tho sales wero mado:— AUCKLAND EXCHANGE. Return on Salo Price. Investments. £ b. d. £ b. d. Nat. Bk. Australasia (con.) . .. 9 13 0 5 3 9 A list. Provin. Insco. 012 3 4 17 Northern Stoamship 014 9 717 3 N.Z. Breweries 3 17 0 3 17 II Hayward's Pictures . 019 3 9 7 0 CHRISTCHURCH EXCHANGE. War Loan. 1939. 4j 100 0 0 4 10 0 Ghcli. Tramway Board, 1931. 5j . 101 0 0 5 5 4 N'tli. Canterbury Hos Bd.. 1910, 51 . . 103 0 0 5 7 7 Aust. Bk Commerce 1 lfi 4 I 8 1. Nat. Bk. Australasia 19 15 0 5 1 3 Coin Batik of Aus tralin (two) I 9 G 5 1 8 Dalirety nnd Co 15 2 0 5 12 5 (ioldsbrouyh, Mort I four > .. .. 2 8 0 6 5 0 NBreweries .. 319 0 315 11 Ditto (two) .. 317 0 317 11 Staples (two) .. 215 0 410 11 Ditto 2 15 G 4 10 1 Timiiru (os pd.) .. 0 8 7 516 6 Tooth's .. .. 3 0 0 4 3 4 Ditto 3 1 0 4 2 0 British Tobacco (two) 2 8 5 410 1.1 Electro. Zinc (prof.) 1 1(1 11 GlO 0 The following sales nlso took place:—New Zenlitnd Breweries, 78s (id, 77s Gd (two); Benth and Co. (Is pd.), 9s 3d. 9s 4d. WELLINGTON EXCHANGE. N.Z. Breweries _ (debs.) .. .. 1 6 9 7 9 6 X.Z. Breweries • (shares) .. .. 318 0 3 lfi 11 Kauri Timber .. 018 0 4 3 4 DUNEDIN EXCHANGE. N.Z. Breweries .. 3 17 0 3 17 11 MINING SALES. Auckland.—Mount Lycll, 41s 7jd; Ohinomtiri, 8s 8d; Wnihi, 12s (two). Dunedin. Waihi. 12s Id. Wellington.—Waihi. lis lid. Chrißtchurch.—Mount Lyell, 41s 9d, 41b l()d (two); Mnhakipawa, 7Jd: Winding Creek (Cd pd.), 23 2d (two), 2s Id (two). LONDON DAIRY MARKET. PRODUCE BOARD'S REPORT. Tho New Zealand Dairy Produce Board has recoived the following market report from its London office, dated July 5, prices for the previous week being in parentheses:— Butter.—Now Zealand, salted, 170s to 1735; exceptional, 174s (170s to 1725); unsalted, 170s to 172s (168s to 1725); 170s to 173s equals approximately Is f.o.b. Deliveries Now Zealand this week, 690 tons. In storo, 8950 tons. First whey, 156s (1545); second whey, 152s (150s). Australian, finest salted, 164s to 186s (163s to 168s); unsalted, 164s to 170s Australian, finest salted, 164s to 168s (160s to 1645). Irish creamery, salted, 168s to 169s (166s to 168s); unsalted, 172s to 173s (169s to 171s). Danish, f.0.b., 169s (170s); spot, 176s to 177s (176s to 178s). Dutch, unsalted, 166s (166s to 1725). Estonian, 162s to 164s (1625). Latvian, 162s to 164s (1625). Siberian, 157s to 158s (157s to 158s). Ukranian, 156s to 160s (158s to 160s). Polish, 140s to 154s (146s to 1545). Lithuanian, 1645. French, baskets, salted. 158s to 164s (154s to 1645); unsalted, 160s to 1655, Market slow. Retail prices unchanged. Cheese.—New Zealand, white, 90s to 92s (925); coloured 92s to 94s (94s to ,955) ; 92s to 94? equals approximately 8 3-8 d f.o.b. Deliveries New Zealand this' week, 19.158 crates; in store, 123.000 crates. Canadian, white, 102s to IJ2s (102s to 110s); coloured, 102s to 108s (102s to lC8s) ; new season's, white and coloured, 90s to 92s c.i.f. English, finest farmers', 945. Market slow. Retail prices unchanged. The estimated stocks of all butters in store in Great Britain at July 1 were 18.285 tons, compared with last year, 13.000 tons. The estimated stocks of cheese at London, Liverpool and Bristol at July 1, compared with tho stocks last year, were: New Zealand and Australian, 138,000 crates (67,700) ; Canadian, 84,000 boxes (32.000). The Port Hunter commenced to discharge cheese on Juno 26 and finished on the same day. Tho Port Napier commenced to discharge butter and cheese on July 1 and completed on July 4. . The board has also received tho following advice from its agents in Canada: —Butter: Now York, 42 cents (Is 9d); Montreal, 37 cents (Is 6.U1). Canadian stocks are 60,021 boxes, compared with 82,650 boxes year. REPORTS FROM MERCHANTS. Joseph Nathan, Ltd., has received the following cablegram from its London house, Messrs. Trengrouse and Nathan: —Cheese: White, 90s; coloured, 925. Amalgamated Dairies, Ltd., received the following cablegram from its London office yesterday concerning the London dairy market, dated July 6; —Butter: Our quotations unchanged (finest, 1745); market slow. Twelve hours' heavy rain affected market sentiment nnd advance arrested; meantime occasional sales down to 171s. Danish, 1765; spot, 168s f.o.b. Deliveries: Now Zealand, 69-1 tons; stock, 8962 tons. Retails unchanged Cheese: White, 90s; coloured, 93s to Is less. Market veryslow. Canadian fullgrass, 89s to 91s; spot. 89 s c.i.f. Retail unchanged. Tho Bank of Now Zealand has received the Following advice from its London office as at the close of business last week:—Butter: 172s to 1735; market slow. Cheese: White. 90s; coloured, 925; market slow. AUSTRALIAN BEEF. AN OUTLET IN CALIFORNIA. Messrs. F. L. and A. L. Bragg, graziers, of New South Wales, lately visited North and South America to study tho beef raising industry. Mr. F. L. Bragg, who runs 8000 sheep and 1000 head of cattle, said that he was of opinion that California offered a good outlet for tlie best Australian beef. The best beef products of the United States were sent to the big central markets of Chicago and Kansas City, and from those centres the choicest quality found its way to the Atlantic coast cities. Second grade bcof was distributed in western cities. Representatives of big meat companies and also of several of the principal cattle agents along the Californian coast, Mr. Bragg said, had told him that people in Western America would rather eat good frozen beef from Australia than second grade chilled beef from tho middle States. Mr. Bragg said ho spent two months in tho interior of Peru, and crossed tho Andes at a height of 16.000 ft. on muleback to tho waters of the Amazon River to ascertain the pastoral possibilities of tho country, but ho found that the country was too .rocky and mountainous to carry stock. THE LINSEED MARKET. The Department of Agriculture has received the following cablegram dated July 5 from Landalo and Clark, Ltd., Calcutta, with reference to tho linseed market: — " We quote £lB 7s 4d for linseed per ton net, c and f, Sydney, for immediate shipment. Market steady."