SATURDAY'S SALES.

New Zealand Herald, Volume LXVI, Issue 20391, 21 October 1929, Page 7

SATURDAY'S SALES.

BUSINESS ON EXCHANGES.

RETURNS ON INVESTMENTS.

Following is a list of Saturday's trans-, actions on tho Auckland Stock Exchange. In tho second column is given the return, based on tho last dividend, from investment at tho quoted price. In the case of Government and other redeemable securities, the return includes redemption. The first column gives ' the figures at which the,sales wore made:— AUCKLAND EXCHANGE Return on Siilo Price. Investment. £ s. <l. £ b. d. Auckland Gas - 1 4 10 6 810 Pukemiro Coal . . 8 0 0 10 211 Farmors Trading . . 0 9 8 813 0 MINING SALES. Auckland.—Mount Lycll. 42s 6d. AUSTRALIAN STOCKS. - FALL ON EXCHANGE Australian and N.Z. Press Association. LONDON, Oct. 18. Several Australian loan stocks showed a further decline to-day. Tho Morning Post's financial correspondent points out that since Monday Commonwealth 5 per cents, 1935-45, and 4J per cents. 1940-60, dropped 2 por cent., and 5 per cent., 1945-75 dropped 2£ por cent., while thero were declinos ranging from li to 3i in somo ol the Australian State loans. After quoting from a speech made by tho chairman of tho Broken Hill Proprietary tho Post says: "It is the trend of industrial legislation, with its inevitable effect upon tlio country's finances, which has disturbed the minds of investors. Although the stock markets are now admittedly unsettled, tho fall in Australian stocks within a few days strikingly contrasts with tho present stability of British gilt-edged stocks, while New Zealand loans have remained steady throughout the week." THE MEAT MARKET. PRICES AT SMITHFIELD. Tho Now Zealand Meat Producers' Board has received tho following cablegram from its London office, dated October 18, advising Smithfield delivered prices averaged for tho week ended that date as follows New Zealand YVothors and Maidens.— Canterbury quality, selected brands, 561b and under, 6jjd por lb; 571b to 641b, 6 3-8 d; 651b to 721b, 6d. Other brands, 561b and under, 6 3-8 d; 571b to 64 lb, 6|d; 651b to 721b, 6d. New Zealand Ewes.—64lb and under, 4 3-Bd. New Zealand Lambs.—Canterbury quality, 361b and under, 8 7-8 d; 371b to 421b, 8 l-8d; 431b to 501b, 7 5-8 d; seconds, 7 3-Bd. Selected brands, 361b and under, 8 5-8 d; 371b to 421b, 7 7-Bd. Other brands,-first quality, 361b and under, 8d; 371b to 421b, 7 5-8 d; second quality, 301b «to 321b average, 7Ad. ) Australian Lambs (now season's).— Victorian, first quality, 36Jb and under, 8 3-8 d; 371b to 421b., 7 7-Bd. Argentine Lambs.—l;irst quality, 361b and under, 7£d; 371b to 421b, 63d. Argontine Chilled Beef.—Ox fores, 4 3-8 d; hinds,' 63d. Australian Frozon Beef.—Ox crops, ovnr 1001b, 4Jd; hinds, over 160 ib, 5 3-Bd. Now Zealand Frozen Pork.—Porkers. 601b to 801b, 9Jd; 811b to 991b, 9id; 1001b to 1201b, 9Jd; baconers, 1211b to 1801b. BAd. Lamb.—Market is deprossed, owing to heavy supplies of homo killed. Mutton. —Weaker.

New Zealand Porker PigjS. —Market firm with good demand. New Zealand Baconer Pigs.—Steady demand for tho small quantities available. LONDON DAIRY VALUES. REPORTS FROM MERCHANTS. A. H. Turnbull and Company has received the following 9ablo from its principals, W. Weddel and Company, Limited, dated London, October 18:—Danish butter, 196s to 200s; New Zealand unsalted butter, 190s; salted, 178s to 184s j market quiet. Now Zealand cheese, white, 93s to 945; coloured, 92s to 935; market qniot. Canadian cheese, white and coloured, 94s to 965. _ Newton King, Limited, has received tho following cablegram from its London 'principals, .R. and \V. Davidson, Limited, dated October 18:—Butter: Salted, 178s to 183s; unsalted, 190s. Wheys: Firsts, 168s; seconds, 1645. Cheese: Coloured, 92s to 935; white, 93s to 945. Market quiet. Leonard and Son, Limited, has received tho following cabled report from its principal in London, Mr. A. C. Rowson, under date October 18: Butter, steady, 178s to 184s. Cheese, weak,. 925.

PRODUCE AT DUNEDIN. • WHEAT PRICES UNCHANGED. [ns telegraph. —own correspondent.] DUNEDIN, Saturday. There is a limited demand for choice lines of milling wheat, but so far as this district is concerned there is practically none of this quality available, and requirements liavo to bo drawn from Canterbury. Prices remain unchanged at, 5s 9d for Tuscan, sacks oxtra, country sidings, 6s for Hunters, and 6s 6d for Velvet. The wheat crops in the South Island have been backward on account of tho rainy spring, and now they aro being affected by a lack of moisture. In some districts, indeed, rain is badly wanted. The heavy rains during tho winter thoroughly- soaked tho soil, and now tho dry weather is causing tho surface to become hard. Tho weather is having n tendency to firm tho market, as if it continues unsuitable tho yields from, crops will be affected. Fowl wheat, is meeting with a good demand locally, and stocks aro getting into short compass. Up to 6s Id a bushel, sacks extra, ox store, is now obtainable for best quality. * The oats market continues quiet, and little business is passing. Some operators aro now quoting for. spread delivery next season, and A's aro on tho market at 3s 6d, f.0.b., s.i., for April to September Quotations for existing stocks are 3s 7£d, f.o.b. S.i,, for A's and 3s 6£d for B's. These prices aro equivalent to 3s Id to 3s, sacks extra, on trucks, country sidings Consignments of chaff aro arriving sparingly, as farmers aro now busy with other work. The demand, however, is quiet, and there aro ample stocks in the stores to meet tho demand. Prices remain unchanged. Best quality is selling at £6 a ton, sacks extra, ox truck, and £6 5s f ex Tho near approach in tho North Island of tho new potato crop has caused business in old. potatoes to easo off. Prices eased during the week, and .the local nominal quotation is £8 a ton, sacks included, for freshly dug lots There is practically no change in tlio seed market. The retail business is being affected by tho dry weather.