SATURDAY'S SALES.

New Zealand Herald, Volume LXVI, Issue 20385, 14 October 1929, Page 7

SATURDAY'S SALES.

BUSINESS ON EXCHANGES.

RETURNS ON INVESTMENTS

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

AUCKLAND EXCHANGE. lteturn on Sale Price, Investment, X s. d. £ s. d, *N.Z. Brewery debs. . 19 0 Gl7 11 Com. Bk. Australia .1 8 9 5 4 4 Bk. N. South Wales 49 5 O 5 16 Union of Aus. (Melb.

Keg.) . . . . 14 14 6 5 1 10 N.Z. Insurance . . 2 <i ;i 19 8 National Insurance . 0 lli S 410 0 N./5. Farm. Co-op. of

Cant, 19(5. til . 94 10 0 7 110 Auckland Ohs . . 1 4 9 (5 0 4 Colonial Sugar ..51 5 0 4 12 2 N.Z. ltefritf. (10s pd.) 0 (i 0 8 G 8 CHRISTCHURCH EXCHANGE. Com. Bk. Australia(l) 1 810 5 4 1 Bk. N. South Wales 49 2 6 5 19 Nat. Bk. Australasia

(£5 paid) ..9 5 0 5 8 1 Goldsbrough-Mort (3) 2 5 3 612 7 Ditto . . . . 2 5 4 GJO 0 N.Z. Refrig. (10a pd.)

(3) . . . . 0 G 0 8 G 8 . Grey Valley Coal (2) 1 9 0 4 2 9 ' N.Z. Breweries . . 4 9 G 3 7 0 WELLINGTON EXCHANGE. Insc. Stk., 51, 1933 100 2 G 5 4 4

Ditto. 1930 . . 101 0 0 4 5 0 E.S. and A. Bank . 739 0 414 4

Ditto . . . . 719 0 414 0 Bunk New Zealand . . 3 0 3 415 2 Nat. Bk. Australasia (A's paid; . . 9 3 B 5 8 4 Bk. N South Wales . 49 (SO 5 15 Well. Woollen (prof.) (j 15 0 7 8 1 N.Z. Breweries . . 4 9 3 3 7 2 ■Stn pies' Brewery . . 214 0 412 7 Colonial Suprar . . 51 7 0 4 11 11 Wilsons Cement (3) . 22 6 411 2 DUNEDIN EXCHANGE. Nat. Bank N.Z. . . <5 14 6 5 4 1 MINING SALES. Dunedin. —Kildare, 3s. •Does not include redemption. The return on New Zealand Breweries shares does not include bonus accretion. BRITISH COLUMBIA TIMBER. DELEGATION TO NEW ZEALAND. Australian Press Association—United Servico (deceived October 13, 5.4!> p.m.) VANCOUVER, Oct. 12. Willi (lie object of selling British Columbian timber in New Zealand and Australia u delegation of mill owners and operators will leave Vancouver on December 11 by the Aorangi. The Provincial Government, has niado a grant in aid of tlio mission.

LONDON MEAT MARKET.

I'BICES AT SMITHFIELD

The New Zealand Meat Producers' Board has received the following cablegram from its London ollice, dated October 11, advising Smithfield delivered prices averaged for tho week ended at that date as follows: New Zealand Wethers and Maidens.— Canterbury quality, selected brands, 561b anA under, 7d per lb; 571b to 641b, 6Ad ; 651b to 721b, 6 l-Bd. Others brands, 561b and under. 6^(1; 571b to 641b, 6 3-8 d; 651b to 721b, bd. New Zealand Ewes.—64lb and under, 4Jd. New Zealand Lambs. —Canterbury quality, ,361b and under, 8 7-8 d; 371b to 421b, 8 l-8d; 431b to 501b, 7gd; seconds, 7Jd. Selected brands, 361b and under, Bjjd; 371b to 4211>, Bd. Other brands, first quality, 361b and under, BJd; 371b to 421b, 7 5-8(1; second quality, 301b to 321b average, 7 5-Bd.

Australian Lambs (new season's). —Victorian, first quality, 361b and under, 8 3-Bd.

Argentine Lambs,—First quality, 361b and under, 7jd; 371b to 421b, 63d. Argentine Chilled Beef.—Ox fores, 4 7-8(1; hinds, 7Jd.

Australian Frozen Beef.—Ox crops, over 1001b, 4jd; hinds, over 1601b, 5 3-Bd.

Now Zealand Frozen Pork.—Porkers, 601!) to 8011', 93c1: 3111) to 991b, 9£d; 1001b <0 12011), 9Jrt. Baconers, 1211b to 1801b, BJd. Lamb.—'Market rather dull. Consumption easing off owing to heavy supplies of meat of all descriptions and of game. Mutton.—Wethers: Market slightly easier and sales slow. Ewes are also easier.

New Zealand Porker Pigs.—Market firm, with better prices owing to short stocks. New Zealand Baconer Pigs.—Market quiet and steady.

CANADIAN HARVESTERS.

PLANT FROM AUSTRALIA.

Australian and N.Z. Press Association. TORONTO, Oct. 11. The decision to manufacture combino harvesters in Canada, removing the plant from Australia for the purpose, is held to be of the utmost importance to the Dominion in view of the heavy imports of them from the United States. At present these amount in value to more than £8,000,000. The combine is regarded as an economical necessity for tho large grain farmer in tho West, and, as tho United States product has to face a 10 per cent, tariff, I lie now company should, if is said, litid a ready sale for its product. Moreover, in addition to sales in Canada, the 110\y firm will handlo an export, business to the United States which imposes no tariff and to South America, where the market is large. It is thought that tho removal of export factories from Australia to Canada will aid in meeting competition in these markets, both of which also are important.

PLANT TRANSFER. CONFIRMED. Australian unci N.Z. Press Association. (Received October 13, 5.-15 p.m.) SYDNEY. Oct. 13. The Sunshine Harvester Company, of Melbourne, announces that it has completed arrangements for the establishment of a manufacturing business for tho production of Sunshino harvesters in Canada. This decision is due to tho restrictions arising from compulsory arbitration and repeated industrial disturbances in Australia';

ROBINSON ICE CREAM CO.

FURTHER ISSUE OF SHARES. A further issuo of £1 shares exclusively to shareholders and customers is announced by tho Robinson Ice Cream Company, Limited. All shares issued under this arrangement will bo allotted pro rnta to shares held at present, runking (or dividend ua,J rr o n ,' tober 31. Tho minimum issue will bo lu shar's to holders of 100 shares and under, the maximum being 100 lo holders of over 000 shares. , Tho i3Bue is being made to meet expenses incidental to tho extension of the company s operations. In a circular to shareholders the directors stalo that, in view of tho valuable experience gained last year by the installation of automatic freezing apparatus, further extension of this equipment is considered to be in the beat interests of the firm. In addition the company has been appointed solo agents for < the distribution of the new Eskimo pie, for which now plant has beon ordered.