YESTERDAY'S SALES.

New Zealand Herald, Volume LXVI, Issue 20309, 17 July 1929, Page 7

YESTERDAY'S SALES.

BUSINESS ON EXCHANGES.

RETURNS ON INVESTMENTS

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

Auckland.—Wuihi. 12s: Kuala Kampar Tin. Ms. Christchurch Winding Creek (Gd paid), 2s sd: Mount, Lyell. -13p <", d. ' Dunedin.—Mount Lycl' 43a 6d. EMPIRE TOBACCO CO. BOND ISSUE ANNOUNCED. A first series of 3000 freehold bonds of £SO each is shortly to bo offered for public subscription by the Empiro Tobacco Corporation, Limited The company has been incorporated with an authorised capital of £250,000. The directors are Messrs. 11. 11. Mackenzie, W. V. Worth, J. S Emanuel, W C. Whitney and P D. Jones. Fuller information regarding tho bond issue can be obtained from the office ol the company, Dihvorth Building, Auckland. FERTILISERS IN AUSTRALIA. DETAILS OF LARGE MERGER. The Commonwealth Fertiliser and Chemicals, Limited, has been formed to consolidate some of the leading Australian fertiliser companies, including Cuming, Smith and Company Proprietary, Limited, tho Mount Lyell Mining and Railway Company, Limited, Wischer and Company Proprietary, Limited, and Nobel (Australasia), Limited. For some time it has been expected that Nobel (Australasia), Limited, a constituent of Imperial Chemicals, Limited, would be a party to tho merger, and tho official statement confirms these anticipations. Tho nominal capital is £7,000,000 in £1 shares, and after certain adjustments have been completed, subscribed capital it is expected will be in the vicinity of £2,500,000, which represents the value of the assets taken over. The directors of the new company are Messrs. W. F. Cuming (managing), Colin Templeton, A. A. Stewart, P. C. Holmes-Hunt, Paul Wischer and Sir I.ennon Raws. Mr. T. W. Haynes is to be the general manager. Some of the companies concerned in the morger are interested in similar undertakings in Western Australia, South Australia, New South Wales and Queensland. The main output will be superphosphates and other chemical fertilisers. Tho works embraced in the nigger have a capacity of no less than 300.000 tons, but the annual output has been in tho vicinity of 250,000 '°The possibility of the T. G. Fnrbenindustrie, tho German chemical manufacturers, undertaking tho development of synthetic nitrogenous fertilisers in Australia has been indicated by a statement issued by tho Australian representative of the German organisation.

CANTERBURY MARKETS.

RISE IN POTATO PRICES. [BY telegraph.—press association. 3 CHRISTCHURCH, Tuesday. The potato market has jumped substantially since tho week-end. llty) price started to risa yesterday morning and today potatoes **ere sold for shipment by the Katoa next week at £7 5s a ton f.0.b., s.i At tho week-end tho quotation was £6 12s 6d to £6 15s. For July-Septem-ber delivery values have advanced from £6 15s to £7 10s a ton f.0.b., s.i. There are two causes of the sudden jump in values. Auckland inquiries on account of tho scarcity in the northern centro had hardened the market substantially and a further impetus was given by a cablegram in this morning's papers to the effect that the removal of tho embargo against New Zealand potatoes entering Australia was being urged in Sydney. Although there is not much to support this possibility the proposal had an effect in further hardening tho market Potatoes for prompt delivery are up to £2 a ton dearer than they were a fortnight ago, £7 ss, as against £5 5s to £5 10s. Tho Wingatui will load at Lyttelton to-morrow. She took round about 4000 sacks from Timaru and it is expected that between 4500 and 5000 sacks will bo lifted from Lyttelton. The Katoa will not leavo until next Monday or Tuesday. Values on trucks have advanced from £4 5s a fortnight ago to £6 to-day. Farmers are not offering freely and in any case tho wot weather is holding up tho bagging of potatoes from pits. Onions have taken a sharp advance in price and are worth £6 a ton on trucks. Buying, however, is limited, as tho quality is not very dependable. Tho shipment to Sydney by the Karetu is duo to arrive and as the market is very firm there satisfactory prices are anticipated. Tho shipment comprised about 60 tons. All tho market interest is concentrated on potatoes.

CALL AND DIVIDEND LIST. Dividends— Due. National Bank of New Zealand— Final dividend of 12 p.c. p.a. and bonus of 2 p.o Now. Waihi Grand Junction—ld per share .. . .. .. July 18. British Tobacco, 6i p.c. pref. (quarterly) July 31. New Zealand Insurance—lid per share (final) Aug. 6. Victoria Nyanza Sugar Co., Ltd. —lnterim dividend of 7} p.c. (Is fid per Bhare) . . . . Aug. 31. Electrolytic Zinc—6 p.c. ord. and pref (final) Sept. 6. CallsLucky Shot—3d per share .. July 22. Alburnia—2d por Bhara .. .. July 31.

lift urn 011 Sale Price. Investment. Com. Bk. of Australia X s. d X F. d. 1 10 1 1 19 8 National Insurance 0 Hi a -1 12 4 GoldsDrougn. Mott . . 2 7 ;t G G 11 Auckland Gas 1 4 8 G 9 10 Ditto I 1 0 6 9 11 Oitto (con.) . . . 1) IS 4 G 10 11 Ditto ('J) 0 16 5 6 111 4 Hayward's Pictures . 0 10 6 9 4 Taranaki Oil I) 3 0 WELLINGTON EXCHANGE. -Sat. Bk. of Aua'asia ( X 5 paid) n 10 0 S 2 0 Queensland Insurance 3 •1 t; 3 16 1 South British :? 8 3 3 13 Gear Meat •j ■1 (1 G Ditto •j 4 3 5 I 8 Wellington Meat (pref.) I 1 0 7 12 4 Victoria Sugar 2 () 10 G 8 11 N.Z Breweries (6) . . 1 0 0 3 15 0 CHRISTCHURCH EXCHANGE. N.Z. Breweries (debs) 1 7 I 7 7 8 Com 15k Aus (2) . 1 10 u 5 0 0 Nat Bk Aus'asia Pd.) (11 .. 'J 10 0 S ° 0 South Brit. Insurance 3 S 3 3 13 3 Goldsbrough Mort . . ■j 7 .i 6 7 .i Ditto o 7 ti '3 G 4 Kaiapoi Wool (17s pd) 0 14 0 3 12 10 Auckland Gna 1 4 8 6 9 8 British Tobacco 2 S H 1 10 5 N.Z Drug Co. 3 m n 5 5 G N.Z. Breworice (3) . ■1 0 0 3 15 0 Ditto (7) 3 19 9 3 15 Staples' Brewery . . 2 13 0 4 14 4 Dunlop Rubber . . 1 7 8 7 4 7 Electro. Zinc (pf.) (3) 1 17 s G 7 The following Rales al.i took nlaceNew Zealand Breweries. 703 tOd (2) 79s 9d. 80s (3); Ltoyt's (A pref.). 22s 7d. Commercial Bank of Australia (new fully paid). 23s Gd. DUNED1N EXCHANGE. Commercial Bank .. 1 9 101 5 0 S Nat. Bk of Aus'asia (con.) . . i) 15 6 5 2 3 Electro. Zinc (1) . . 1 16 6 0 11 6 Ditto (pref ) 1 17 t : G S 0 MINING SALES.