YESTERDAY'S SALES.

New Zealand Herald, Volume LXVI, Issue 20364, 19 September 1929, Page 7

YESTERDAY'S SALES.

BUSINESS ON EXCHANGES.

RETURNS ON INVESTMENTS,

Following is a list of yesterday's transactions oil 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 the case of Government and other redeemable securities tho return includes redemption. The first column gives the

Auckland.—Ohinemtiri, 9s Gd; Waibi, 13s 4d; Mount Lyell, 455. •Does not include redemption. Tho return on New Zealand Breweries shares does not include bonus accretion. CAPITAL FOR STATE BANK. SOUTH AUSTRALIAN LOAN. ONLY 35 PER CENT. SUBSCRIBED. Australian and N.Z. Press Association. (Received .September If s , 0.15 p.m.) ADELAIDE, Sept. 18. The Soul Ii Australian public have subscribed 35 per cent, of the .1500,000 loan for the Slate Bank of South Australia. The Common wealth Bank and some of the trading banks have underwritten the balance. The State Bank offered per cent, debentures at 99, free of Stale taxation. Allowing for redemption in 1942 the return on tlio issue price is £5 7s 3d per cent.

HARDENING OF STEEL. USE OF A NEW ALLOY. NEW YORK, Sept. 10. A motal alloy, called konel, to bo used for hardening steel, has been discovered by engineers of tho Westinghouse Company. While the new metal is red-hot, the test hammer bounces off it though tho hammer would crush sled,at tho same temperature. Its combination is conalt, nickel and ferrotitanium, and it is particularly useful as a substitute for platinum in radio tubes.

DAIRY PRODUCE PRICES.

LONDON MARKET VALUES,

Newton King, Lid., have received the following cablegram from their London house, dated September 17:—Butter: The market is firm and is likely to advance. Salted, 175s to 180s; unsalted, 174s to 180s. Cheese; The market is steady. Coloured, 93s to 9<ls; white, 92s to 935.

COLOMBO TEA SALES

Australian and N.Z. Press Association. (Received September 18, 7.:55 p.m.) COLOMBO, Sept. 17. There was no tea sale at Colombo last week. As a result 3,600,0001b. were offered to day. All grades woro in pood demand and "the market was strong. The quality was barely equal to that offered at tho previous sale. Next week's catalogues will approximate 2,200,0001b.

CHICAGO WHEAT MARKET. Australian and N.Z. Press Association. CHICAGO, Sept. 17. Wheat.—September 1 dollar 31 3-8 cents per bushel; December, 1 dollar 39£ cents; March, 1 dollar 45£ cents; May, 1 dollar 49J- cents.

SALE OF JERSEY BULLS.

SUCCESSFUL FRANKLIN FIXTURE

[liV TELEGRAPH. —OWN CORRESPONDENT.] PUKEKOHE, Wednesday.

Tho annual Bale of pedigree Jersey bulls on behalf of the Franklin Jersey Breeders' Club concluded to-day, when 77 bulla wero offered and 75 wero sold. The top price was 42 guineas, which was realised for a two-year-old bull, Edgerley Garnet, offered by Mr. T. A. Millear, Woodlands, Tuakau. Ihe purchaser was Mr. A. B. Hall, of lurua. Several other bulls sold at over 30 guineas, and tho range of prices for tho remainder wns from fij guineas to 30 guineas . Tho average for tho 151 bulls Bold during the two days of tho sale was 18$ guineas. Tho Bnlc was conducted by Alfred Buck and and Sons. Limited, and the New Zealand Loan and Mercantile Agency .Company, Limited.

figures at which the sales were made AUCKLAND EXCHANGE. Sale Return on Price. Investment. a s. d. £ s. . d. *N.Z. Breweries debs. 1 10 9 <; 10 i Union Bank .. .. 15 1 0 4 19 8 Goldsbrough-Mort .. 2 6 0 G 10 5 Pukemiro Collieries . :s 10 o o :i 0 N.Z. Breweries -111 0 3 5 11 Staples' Brewery 2 M C> 4 11 9 Sanford, pref.# t 0 0 7 0 0 N.Z. Formers' Fert. 1 2 (i 7 2 3 CHRISTCHURCH EXCHANGE. War Loan, 1930. 4i .. 99 7 fi 5 2 G Ashbtir. Klec., 1934, GJ 101 10 0 5 7 11 •N.Z. Breweries, debs. 1 10 9 G 10 1 Ditto .. .. 111 0 C> 9 0 Bank of N.Z. ;t 3 o 4 11 0 Nut. Bank N!.Z. f> 17 0 5 2 2 Goldsbrough-Mort .. 2 5 3 (i 12 7 Ditto 2 (5 0 G 10 5 Staples 1 Brewery 2 14 2 4 12 4 British Tobacco (3) . ; 2 9 ti 4 8 11 Ditto 2 9 H 4 8 7 Dnnlop T?nbber 1 8 9 G 19 o Burns-Philp ... . 2 8 0 '1 3 4 The following sales also took place:—Iv ew Zealand Breweries debentures, 30s lid (2): Commorciul Bank of Australia (new, fully puid), 29s 10d. WELLINGTON EXCHANGE. •N.Z. Breweries, debs. 1 10 11 G 9 4 Bunk of N.S.W. .. 52 0 0 4 16 2 N.Z. Guar. Corp. .. 0 9 8 G 17 10 Wilsons Cement 2 4 :i 4 10 5 British Tobacco 2 9 8 4 8 7 Taupiri Coal, ex rights 18!) G 19 1 DUNEDIN EXCHANGE. National Insuranco .. 0 10 10 4 9 2 National Mortgage .. ■I 6 4 5 15 10 N.Z. Drug .. 3 15 9 5 5 G Christchurch Gas ... 1 G G G 0 9 MINING SALES.

THE LONDON MARKETS. FOREIGN EXCHANGES • British Wireless. RUGBY, Sept. 17. Tlio following rates on foreign oxchanges aro current to-day, compared with tlio cabled quotations on September 12 and par:— Sent. 17. Sept: 12. Par. Montreal, do!. 4.RSI 4.88 4.866 New York, dol. ■1.84 21-a 2 4.8-1! 4.8110 Paris. fr. 123.854 123.891 124.21 H l'USHclfll, bolnu. 31.8!) 31.87 35,00 Geneva. fr. . . 25.15 25.17 25.22 Amsterdam, fl. 12.00 12.0'Jl 12.10 Home, lire . . 92.705 92.70S 92.46 Berlin, r.in. . 20.31; 20.30 20.43 Stockholm, kr. 18.10 18.10 18.159 Oslo, kr. . . 18.20 V 18.20J 18.159 Copenhagen. kr. 18.20 18.21 18.159 Vienna, sell. 34.30 34.42 J 34.581 PruKUC, kr. 1(53} 1633 24.02 Helsincfors, mark 102 7-8 192 J 192.23 Madrid, pes. . 32.864 32.874 25.224 Lisbon, escu. . . 108.20 108.20 — Athens, dr. .. .'175 375 375.00 Bucharest, lei. 817 817 25 224 Rio do Janeiro, rni! 5 7-8 5 7-8 — Buenos Aires, dol. ■17 1-32 47 7-32 17.57(1 Calcutta, rupee 17 13-10 17 13-1G 18d Shanghai, fael 21} — llonskoiiK. dol. 23* 23 1 -R — Yokohama, yen 23*13-32 29 9-32 24.5Sd Bataviu, fl. , . 12.121 — 12.10