YESTERDAY'S SALES.

New Zealand Herald, Volume LXVI, Issue 20366, 21 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 tho second column is given tho return, based on tho last dividend, from investment at tho quoted prico. In tho case of Government and other redeemable securities tho return includes rodomption. The first column gives tho figures at which tho sales wero made:— AUCKLAND EXCHANGE.

Auckland.—Waihi, 13a 4d; Mount Lyell, 45s Id. H Christchurch. —Mount Lyell, 45a (?); Winding Creek (Is paid), 2a. Dunedin.—Kildare, 3s lid. _ •Doub not include redemption. The return on New Zealand Breweries shares does not include bonus accretion.

THE LONDON MARKETS.

QUOTATIONS FOR METAL.

Australian Press Association—United Service ® (Received September 20, 9.5 p.m.)

LONDON. Sept. 19. (Quotations on Sept. 16 in parontheses.) Copper. —Spot, £74 lis 10J>d (£75, 3s three months, £75 3s 7£d). Electrolytic Copper.—Spot, 10s) ; tlireo months, £B4 15s (85). Wire Bars.—£B4 15s (£BS). Lead.—Ppot, £23 12s 6d (£23 8s 9d); threo months, £23 10s (£23 12s 6d). Spelter.—Spot, £24 7s 6d (£24 6s 3d); threo months, £24 15s (£24 16s lOjd). Tin.—Spot, £204 8s 9d (£205 13s 9d); three months, £2OB 3s 9d (£209 13s 9d). Silver.—Standard, 23-Jd (23 9-16 d) per oz.; fino, 25 3-8 d (25 7-16 d). WHEAT, FLOUR AND PULSE.

Wheat.—Cargoeß were featureless at tho opening, but closed steadier. Parcels were steadier and in better inquiry. Futures—London: September, 52s lid per quarter; October and November, 52s 7d; January, 43s 5(1. Liverpool: October, 9s 6 l-8d per cental; December, 9s lid; March, 10s 5(1; May, 10s Spot trade slow, tending to easier. Australian exship, 50s 6d. Flour —Quiet. Australian, ex-storo, 36s 9d. Oats.—Weaker. Beans—Steady. Peas—Quiet.

FROZEN MEAT MARKET.

QUOTATIONS FROM LONDON,

Dalgety and Company, Limited, report having received the following cablegram from their London house, dated September 19, regarding the frozen meat market:—

New Zealand Lamb.—Prime Canterbury, 281b to 361b, BAd; North Island, North Island, 7;jd; Canterbury, second quality, 7 5-8 d; North Island, 7 5-8 d; Canterbury, 421b to 501b, 7 7-8 d; North Island, Tho market for New Zealand lamb is tending upward. Tho demand is better.

Now Zealand Mutton.—Primo Canterbury, 481b to 561b, 6Ad; North Island, 6d; Canterbury, 561b to 641b, 6d; North Island, 5 5-8 d; Canterbury, 641b to 721b, s^d; North Island, 5 l-8d; Canterbury owes, 481b to 641b, North Island, 4id. Tho market for Now Zealand mutton is unchanged. Tho demand is better. Beef. —Argentine chilled, hinds 7d, fores 44d; Australian ox hinds, prime, 5Jd. Pork. —English pork, 801b to 1001b, 10d; New Zealand porkers, 801b to 1001b, BAd; 1001b to 1201b, Bd. Tho market for New Zealand pork is nominal. Tho demand is limited.

Lamb. —Lambs, seconds under 301b, £d premium.

COAL, OIL (N.Z.), LIMITED.

OPERATIONS IN TARANAKI

Tho drilling plant imported from tho United States by Coal, Oil (N.Z.), Ltd., has been dolivored on tho company's Omata area, near New Plymouth, which has bo,?n gcophysically surveyed by tho Elboi organisation, who selected tho drilling sites. The! steel derrick, 120 ft, high, has been erected, and it is expected boring will bo Commenced within a fow weeks, under the porsonal supervision of Dr. Leon Bossard, tho company's chief geologist, Mr. D. J. Tynan is tho drilling .superintendent, and will bo assisted by two other export drillers, so that work can bo carried on continuously, Tho geophysical survey of tho company's Mt. Arthur dome, on tho east coast of tho North Island, is now proceeding. This dome was selected after detailed geological survoy by Dr! L. Bossard.

Tho manager is at present in Now Zealand, and tho chairman of directors, Senator J. D. Millen, is shortly leaving for tho Dominio'i to he present at tho commencement of tho drilling operations.

MELBOURNE PRODUCE. Australian and N.Z. Press Association. MELBOURNE. Sept. 20. Tho following aro to-day's quotations on tho Melbourne produce markot: — Wheat—ss Bd. Flour—£l2 10s to £l2 155.Bran—£7 10s. Pollard —£4 15s. Oats and Barley—Unchanged. Maize—5s 6d.

MELBOURNE WORKS LOAN. Australian and N,Z. Press Association. LONDON. Sopt. 19. Tho Melbourne Board of Works loan has closed. Tho result is not yet announced, but tho Financial News says it is believed that tho public responso was not so great as tho borrowers might have wished.

Sale • Return on Prico. Investment. £ b. d. £ B. d. Ins. Stock, 1933, 61 9!) 15 0 6 6 6 War Loan, 1933. 5i . . 101 15 0 5 0 1 *N.Z. Breweries dobs. 1 10 10 6 9 10 National Bank N.Z. . 6 17 0 5 2 2 Bank of N.Z. ,, 3 2 10 4 11 3 Bank of N.S.W. . . 51 15 0 4 16 7 Union Bank . . . . 15 0 6 4 19 10 Wright-Stephenson 16 0 5 7 8 WELLINGTON EXCHANGE *N.Z. Breweries debs. 1 10 10 6 9 10 Bank N.Z. (D pref.) 3 8 9 6 4 4 N.Z. Insuranco 2 8 0 3 16 4 (loldsbrougli-Mort 2 G 0 6 10 5 N.Z. Breweries 4 10 3 3 6 6 British Tobacco . . 2 9 8 4 8 7 Nat. Mortg. Agoncy . 4 7 0 5 14 11 CHRISTCIIURCH EXCHANGE. Nat. Bank A'asia (£5 paid) 9 11 C 5 4 5 Queensland Nat. Bk. 9 16 0 5 2 0 Union Bank 15 0 0 6 0 0 Bank N.Z 3 2 9 4 11 4 Nat. Insurance 0 16 9 4 9 7 N.Z. Refrig. (10s pd.) 0 6 8 7 10 0 British ToUacco 2 9 6 4 8 11 Ditto 2 9 8 4 8 7 Colonial Sugar 67 10 0 4 6 11 N.Z. Breweries (2) . 4 10 C 3 6 3 Staples' Brewery .. 2 14 6 4 11 9 Ditto (2) 2 14 11 4 11 1 Auckland Gas . 14 8 6 9 9 N.Z. Farmers' Co-op. 3 10 0 (B pref.) —■ Tho following sale also took place:— Staples' Brewery, 51s 9d (2). DUNEDIN EXCHANGE. N.Z. Drug (odd parcel) 3 15 6 5 5 11 Staples' Brewery ,. ...2 14 6 4 11 9 Ditto 2 14 9 4 11 4 MINING SALES.