YESTERDAY'S SALES.

New Zealand Herald, Volume LXVI, Issue 20402, 2 November 1929, Page 9

YESTERDAY'S SALES.

BUSINESS ON EXCHANGES. RETURNS ON INVESTMENTS. Following is a list of yesterday's transactions on the Now Zealand Stock Exchanges. In tho second column is given the return, based on the last dividend, from investment at the quoted price In tho case of Government and other redeem able securities, the return includes redemption. The first column gives the figures at which tho sales were made:—

MINING SALES. Christchurch.—Mount Lyell, 40s (7). 41b, 41s '2d, 41s sd; Mubakipawa, 5Jd. REVIEW OF THE WEEK. BUSINESS BELOW NORMAL. FALL IN BANKS ARRESTED. Business on New Zealand Stock Exchanges dropped below normal proportions during the current week and falls predominated iri practically every class of investment until yesterday, when the decline in prices, especially in banks, received a definite check. Weaker tendencies were apparent in the gilt-edged market, although pi ice movements were moderate. The business done, however, was very light. Local body debentures were much less keenly sought, and, in contrast with" the activity a few weeks ago, New Zealand Breweries debentures were practically neglected by buyers. The sharp decline in Commercial Bank of Australia shares, in which the turnover was very large, was the most notable movement in the banking group, selling pressure forcing most shares down to still lower levels. Commercials of Australia, which were done last week in the vicinity of 27s Id, sold freely on all Exchanges down to 25s 6d. Yesterday a healthier tone asserted itself, and for the first time for several weeks fluctuations swung toward firmness. Commercials advanced 9d during the day and when the local market closed buying limits had moved up to 26s 7d, with sellers quoting 275. Other banking investments were steadier With a slightly firmer tone for New Zealands, Unions and New South Wales. In insurance New Zealands were the most active shares and changed hands fairly freely in the vicinity of 46s 3d Little business was done in the loan and agency group, in which there was little strength. Goldsbrough-Morts remained steady at a lower level. Toward the end of the period stronger inquiry came forward for the Newton King preference issue, which was done up to 12s 3d Although the demand for coals remained very strong, the week was not productive of much business in this class of investment. In all cases lato rates were maintained. A stronger inquiry for gas saw Aucklands advanco to 24s lOd by the end of the week. Breweries attracted continuous attention at late rates, but dealings were confined to thn Southern Exchanges. New Zealands were weaker on the local market and buyers were not offering yesterday.

Other sections of the market were lifeless until the last few days, when increased buying brought with it a tendency toward steadiness. Yesterday, following greater activity in the financial groups, several strong industrials began to make headway. More activity was displayed in the mining section] especially in the Southern centres. Approaching the payment of a dividend, Waihis were the most keenly sought and sold steadily at 13s 7d. Yesterday they were quoted, ex div., at 12s 7d, with buyers offering 12s 6d. Mount Lyclls and Ohinemuris also maintained recent levels fairly consistently. In other cases price movements were very slight.

CANTERBURY MARKETS. TRADE GENERALLY LIFELESS. [HY TELEGRAPH.— PRESS ASSOCIATION.] CHRISTCHURCH. Friday. The grain and produce market is lifeless. Values for potatoes have declined since the mid week, prompt f.0.b., s.i.. rates being £6 and offers to farmers £4 10s on trucks. Tho wheat market remains dull. "Pool* 'prices are 6s sd, f.o.b. Fowl wheat is'worth 5s 11 Ad, f.o.b. Prices for oats are unchanged, with littlo inquiry. Chaff, no doubt on account of the lateness of tho season, in the North as well as the South Island, is in permanent request and numerous sales have been made at £7 a ton, f.0.b., s.i., or 5s to 5s 5d on trucks. All classes of seeds are field firmly. It is inevitable with the shortage of feed that fewer paddocks will bo closed up for seed and tho crop in sight for next season is practically certain to be affected, particularly in the case of Akaroa cocksfoot, where, under ordinary conditions, tho .paddocks would be closed up a month ago. CALL AND DIVIDEND LIST. Dividends— Due. Waihi Gold Mining Co.—ls a share Now. Colonial Sugar—GJ p.c. (half-year) Now. British Tobacco—prof., interim, (jj p.c. p.a. Now. D I.C. —pref., 6 p.c. (half-year), ordinary, 10 p.c p.a. . . . To-day. Dominion Pictured—prof. and ord., finil, 'i) px. p.a. . . To-day. Aus. Iron and Steel—prof., interim. 7j p.c. p.a To-day. Bank of Adelaide—interim, 10 p.c. p.a. . . . . . . Nov. 6 Sharland and Co.—pref. and old. (final), 41 p.c Nov. 7 Abraham ai'd Williams—lnterim 2J p.c Nov. 11 Anthony Hordcrn—interim (halfyearly). pref "i p.c. p.a., ord. 8 p.p. p.a. . . . . Nov. li! Queensland Nat. Bank—interim 10 p.c. p.a. Nov. 14 Broken Hill South—la 6d a share . . . . . . . , Nov. 15 Burns-Philp interim (halfyearly), 10 p.c. p.a. . . . . Nov. i: Northern Steamship Coy.—interim, 8 p.c. p.a. . . . . Nov. 15 raupiri Coal—lnterim, 6 p.c., ord. . .... Nov. 1G Dalgety and Co., 10 p.c, (final) Nov. 38 Nat. Bank of Australasia—ord. and con., interim 10 p.c. p.a. Nov. 27 N.Z. Paper Mills—interim; . 3J p.c. . . .... . , Nov. 29 Grey Valley Coal—final, 5 p.c. ~ Nov. 30 National Insurance—Final, 6d a share Nov.

AUCKLAND EXCHANGE. Return on Sale Price. Investment.. £ s. d. £ s. d. Com. Bank Aug. . . 15 9 5 16 6 Ditto . . . . 16 3 5 14 4 Bk. New South Wales (Sydney Re,* ) . . 47 2 6 5 6 1 Goldsbrough-Mort . 2 4 4 6 16 4 Auckland Gas . . 1 4 10 6 fi 10 Northern Steam . . 0 14 in 7 16 5 Staples Brewery . . 2 13 0 4 14 4 Ilaywards Pictures . . 0 18 0 10 0 0 N.Z. Fertiliser . 12 0 7 5 5 Robinson Ice Crenm . 15 3 7 18 5 The following sale alto look place -Commercial Bank of Australia, 25s Gd (late sale Thursday), 25s lOd (2) CHRISTCHURCH EXCHANGE N.Z. farmers' Co-op., 1015, 0j . . . 90 0 0 7 12 1 Aus. Bank Com. . . L 11 6 5 1 7 Com. Bank Aus . . 1 6 7 5 12 10 Com. Bk. Sydney (2) 23 15 0 5 5 3 10.S. and A. Bank . . 7 15 0 4 16 9 Bk. New Zealand (2) 2 19 9 4 15 11 Goldsbrough-Mort . . 2 3 4 6 18 5 N.Z. Breweries 4 6 9 3 9 7 Staples Brewerj . . 2 13 0 4 11 1 WELLINGTON EXCHANGE. Bank New Zealand . . 2 19 6 4 16 4 Ditto . . . . 2 19 9 4 15 11 Com. Bk. Sydney . . 23 10 0 5 6 4 Tho following sale also took place -Bank of New Zealand, 59s 8d. DUNEDIN EXCHANGE Com Bank Aus. . . 15 6 ft 17 8 Ditto . . . . 1 5 10 6 16 1 N.Z. Insurance .. 2 6 0 3 19 10 South British . 3 5 0 3 19 6 Col. Sugar, cum div. 54 0 0 4 12 7 Stap'es Brewery . . 2 13 3 4 13 10