SATURDAY'S SALES.

New Zealand Herald, Volume LXVI, Issue 20307, 15 July 1929, Page 7

SATURDAY'S SALES.

BUSINESS ON EXCHANGES. RETURNS ON INVESTMENTS. Following is a list of Saturday's transactions on Now Zealand Stock Exchanges. In tlio second column is Riven tho return, based on tlio last dividend, from investment at the quoted price In the case of Government and other redeemable securities tho return includes redemption. The first column gives the figures at which Iho sales were made:— AUCKLAND EXCHANGE. 1 to!urn on Sale Price. Investments. £hd X b d Inn. Slock 1932. 5J . '.ID 12 G ft 7 10 N.Z. Breweries 'debs.) 1 G :l V !) G N.Z. (juar. Corp. . . 0 9 5 7 1 7 WELLINGTON EXCHANGE. Ins. Flock, I'm. 51 . . Kll 5 0 5 2 11 Alls. Uk. Commerce . 11G 3 4 8 I! Coin. 13k. Australia 1 10 i} \ 19 7 fioldsbroi!({h. Mort 2 7 10 0 5 5 Union Steam (prcf.) 1 ) 3 5 !) 5 British Tobacco 2 K 8 -1 10 5 N.Z. Fertiliser . . 1 3 G GIG 2 CHRISTCHURCH EXCHANGE. N.Z. Breweries (two) :i )9 n :i 15 11 „ P'.l'o . . . . 319 -1 315 8 British lobaeco 2 8 H 4 10 5 The following Bales also took place:— New Zealand Breweries, 79s 3d (3). DUNEDIN EXCHANGE, National Insurance . 01G 3 412 4 MINING SALES. Auckland.—Mount Lyell. 43s 9d. UNION BANK'S PROFITS. TOTAL OF £671,932. LAST YEAR'S RECORD EXCEEDED. Australian and N.Z. Press Association. (Received July 14. 5.5 p.m.) LONDON, July 13. Hio net profits for tho year ended February 23 of the Union Bunk of Australia were £771,336, including £99,404 brought forward. With tho use for six months of additional capital the bank showed for 1927-28 a net profit of £633,966, exceeding by £11.356 the tecord made in 1925-26. The past year's result shows a further increase of £32,966 to a new record of £671,932. 1110 usual dividend of 15 per cent, will absorb £600,000. TIIE LONDON MARKETS. FROZEN MEAT. Australian Press Association—United Servico (Received July M, 5.5 p.m.) LONDON. July 13. Sheep.—Canterbury, heavy, 5 5-8 d ; Argentine, medium, sd; Patagonian, light, 5 5-8 d: medium, 5 3-Bd. : ewes, 4 7-Bd. Lambs.—Canterbury, light, 9id; medium, 8 5-B<J; seconds. BJd ; other selecteds, light, 9 3-8 d; North Island, firsts, 9d; Argentine, firsts, light, 8 l-8d; medium, 7 3-Bd. Frozen Beef. Australian crops, 4 3-8 d; hinds. 5 11-16 d ; others unchanged. COTTON, RUBBER, lIEMP, ETC. (Last week's prices in parentheses.) Cotton. —August delivery, 9.79 d (9.79 d) per lb. Rubber.—Para, 11 5-8 d per lb.; plantation and smoked, 11 3-16 d (10' d) per lb. Jute.—August-September shipments, £3l 7s 6d (July-August, £3O) per ton. Hemp.—Good to fair, June July shipments, £34 10s (£34 10s) per ton. Copra.—August-Sept ember shipments, £22 5s (July-August, £2l) per ton. Linseed Oil.—-£34 10s (£32 ss) per ton. Turpentine.—44s 6d (44s 9d) per cwt. THE PRICE OF GOLD. Gold is quoted at 84s per oz. NEW ZEALAND APPLES. THREE RECENT SHIPMENTS. Australian and N.Z. Press Association. LONDON, July 12. The apples brought by (lie Port Campbell. 'i aniaroa and Karamea from New Zealand sold as follows: —Stunners, 15s j to 20s; Doughertys, Rokewoods, Tasmanias, 17a to 21s. 1 LONDON MEAT MARKET. PRICES AT SMITHFIELD. Tho New Zealand Meat Producers' Board has received the following cablegram from its London oflicc, dated July 12, advising Srnithfield delivered prices averaged for tho week ended that dale as follows: — New Zealand Wethers and Maidens.— Canterbury quality, selected brands, 561b. and under, 7d per lb.; 571b. to 641b., 6Jd; 651b. to 721b.. 5 5-Bd. Other brands, 561b. and under, 6^d; 571b. to 641b., 5 7-8 d; 651b. to 721b., 5Jd. New Zealand Ewes.—64lb, and under, sd. New Zealand Lambs.— Canterbury qtialitv, 361b. and under, O^d; 371b. to 421b., 8" 5-8 d; 431b. to 501b., 8 l-8d; seconds, Selected brands, 361b. and under, 9 3-8 d; 371b. to 421b., 8 5-8(1. Other brands, first quality, 361b. and under, 9d; 371b. to 421b., Bjd; second quality, 301b. to 321b. average, 9 1 Bd. Argentine Lambs.—First quality, 361b. and under, 8 l-8d ; 371b. to 421b,, 7 3 Bd. Argentine Chilled Beef. —Ox lores, 4jd ; binds, "3d. Australian Frozen Beef.—Ox crops, over 1001 b., 4 3 8d; hinds, over 1601b., 5-jd. New Zealand Frozen Pork.—Porkers, 601b. to 801b., B|d; 811b. to 991b., 8(1; 10011). to 1201b, 8d; baconers, 1211b. to 1801b., BJd. Lamb Market.—Consumptive demand is improving. Mutton Market. —Wethers steady, with fair demand for heavyweights. Ewes quiet and unchanged. New Zealand Baconer Pigs.—Steady demand for all arrivals. CANADIAN WHEAT CROP. DROUGHT CAUSES DECLINE. Australian and N.Z. Press Association. WINNIPEG, July 12. The Western Canada wheat crop will be only 65 per cent, of the normal, owing to the excessive drought 111 all threo provinces, according to tho crop statement of tho Canadian Wheat Pool. MAHAKIPAWA COLDFIELDS. Tho mine manager, Mahakipawa Goldfields reports to July 8 as follows:—"Tlio south-east drive was advanced lift, for the week. A 4ft layer of coarse sand has come into tho face. This bed is underlain by a 2ft. band of gravelly wash resting on a fairly hard floor. The men working this drive have been transferred to a pomt close to the present face of the south drive to prospect in an easterly direction from the cavity exposed in this drive last week; it yielded a nice sample of gold, and is worth following.