YESTERDAY'S SALES.

New Zealand Herald, Volume LXVI, Issue 20363, 18 September 1929, Page 7

YESTERDAY'S SALES.

BUSINESS ON EXCHANGES.

RETURNS ON INVESTMENTS.

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

MINING SALES. Christ-church.—Winding Creek (la pd.), la lid (2). 'Js. .Dunedin.—Kildare, 4s Id. 'Door not incliuTo redemption. Tho return on New Zealand Breweries shines does not include bonus accretion. THE LONDON MARKETS. QUOTATIONS FOR METALS. Australian and N.Z. Press Association. (Received September 17. 9..'15 p.m.) LONDON, Sept. 16. (Quotations on September 12 in parentheses.) Copper.—Spot, £75 3s l£d (£76 15s) ; three months, £75 10s 7jd (£77 ss). Electrolytic Copper.—Spot, £B4 10s (£B4 10s); three months, £BS (£BS). Wire Bars.—£Bs (£BS). Lead.—Spot, £23 8s 9d (£23 10s); throe months, £23 12s 6d (£23 13s 9d). Spelter.—Spot, £24 6s 3d (£24 3s 9d; three months, £24 J6s (£24 15s). Tin.—Spot, £205 13s 9d (£204 lis 3d); three months, £209 13s 9d (£2OB lis 3d). Silver Standard, 23 9-16 d (23U1) per oz.; fine, 25 7-16 d (25Jd). BRADFORD TOPS. The market is weak and depressed while awaiting the opening of the London sales.

THAMES THEATRE COMPANY.

DIVIDEND OF 7 PER CENT. The fourteenth annual report of tlio Thames Theatre Company, Limited, for the year ended on August 31, states that after making full provision for depreciation there is a sum of £6Bl for distribution. The directors recommend payment of a dividend of 7 per cent, on the ordinary shares of the company, compared with 6 per cent, the previous year, and 10 per cent, in 1926-27. This will absorb £630, leaving £sl to be carried forward.

The capital of the company is £9OOO in £1 shares, and there is £2OO in the general reserve account. Assets totalling £9381 include:—Freehold property, plant and fittings, £7901; war bonds, at cost, £625; cash at bank, £1105; sundry debtor, £250. r , . The retiring directors, Messrs. G. Cullen and W. Price, offer themselves for reelection.

CHICAGO WHEAT MARKET.

SHARP DROP IN PRICES

Australian and N.Z. Press Association

CHICAGO. Sept. 1G

Selling on (lie floor in the last few minutes of trading in the wheat pit brought a sharp drop in wheat prices. On tlio Chicago Board of Trade the pressure is credited to Eastern holders of long grain, and is attributed to reports from Argentina of threatening weather in the wheat provinces. News of drought from the southern hemisphere has been tlio market's main support at recent sessions. Wheat prices closed as follows:—September, 1 dollar 30J cents per bushel; December. 1 dollar 39 cents; March, 1 dollar 44 5-8 cents; May, 1 dollar 48 5-8 cents.

LONDON DAIRY VALUES

CHEESE PRICES HIGHER,

A cablegram received by Dalgety and Company, Limited, from its London lioii.se, Messrs. Samuel Pago and Son, confirms the recent reports of the firming of the English dairy market. The cablegram is as follows Cheese: New Zealand Is a cwt. higher; white, 92s to 935; coloured. 93s to 945. Butter: The total imports into the United Kingdom last month were 527,000cwt., compared with 585,000cwt.. for the corresponding period of last year.

SYDNEY WOOL SALES.

LATE RATES MAINTAINED,

Australian and N.Z. Press Association. (Received September 17, 9.35 p.m.) SYDNEY, Sept. 17. At tho Sydney wool sales to-day 13,684 bales were sold. The market for best descriptions was firm at late rates, but thero were no improvements in prices. Faulty greasy Merino sold to 18i<l. SEARCH FOR OIL. [BY TEI.EOKAVII.—rRKSS ASSOCIATION. ] , GIBBOHNE, Tuesday. Taninuki Oilfields reportGisborne No. 2 ■ well: Preparing to remove old derrick and transport material for concrete foundations and derrick material at Wajkokopu. Balance of drilling machinery is coming forward satisfactorily and_ road conditions are improving in the Kotukn area! Transport has been delayed by nan weather, but alt material is now on the site and it is hoped to commence dulling about September 25.

AUCKLAND EXCHANGE. Sale. Return on Price. Investment. JC B. d. £ «. d. IiiBcr. Stk.. 1927-41, 51 90 10 0 5 6 1 *X.Z. Breweries (debs.) I 10 41. G 11 8 Com. Bunk Australia 1 10 0 5 0 0 Nil I. Brink N.Z. 0 17 0 5 'I o South British Insur. (Into salo Mori.) 3 C 0 3 15 o Farmers' Co-oi), A lie. 1(i G (B prof.) _ ... 0 17 7 6 Renown Collieries 0 10 0 — Auckland Oris 1 <t 8 0 9 9 N.Z. Breweries 4 11 0 :i 5 11 Farmers' Trading Co. 0 !) 5 8 'J a CHRJSTCHURCH EXCHANGE. N.Z. Farmers' Co-op. 1010, r,i ntk. 1)5 r. (1 7 0 9 Aust. Bk. Coin. (ii) 1 M <> ■1 12 9 (lolduhroiiBh-Mort . . 'J (> 0 I'. 10 5 flroy Valley Conl J !) 5 4 1 7 N.Z. Breweries (3) .. 4 II 0 3 5 11 Staples (TO 0 13 :s 4 13 10 Ditto (7) 'i i:t (i 4 13 5 Beatli & Co. (Is pd.) 0 !) in — British Tobncco 'I :> 6 4 8 11 Canterbury Frozen Meat, (prof.) 5 1 () r> 18 0 Electro. Zinc prcf. <2) 1 17 ;i 1". 8 in Holden'o Motors 1 8 0 7 o 10 Ditto 1 8 0 G 19 1 N.Z. Refrig., i.'l pd. (odd lot) 0 M 3 7 0 •1 WELLINGTON EXCHANGE, Kiit. Bank N.Z. 0 18 0 r> 1 5 Union Bk. Australia, ir» 1 t; 4 .19 0 W;i i rn r;i pa Farmers' Co-op, (pref.) 0 k; t> — N./i. Breweries i I i 0 3 fi It Ditto Ci) •i ii :i 3 r, 9 N.Z. EofriK. (10s pd.) 0 (j 9 7 a o DUNEDIN EXCHANGE. N.Z. Breweries 4 ii 0 3 5 11