SATURDAY'S SALES.

New Zealand Herald, Volume LXVI, Issue 20421, 25 November 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 the second column is given the return, based on the last dividend, from investment at the 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 were made:—

MINING SALES. Christchurch.—Okarito, Is 7d prem Winding Creek (6d paid). Is 6d.

MONEY FOR BUTTER-FAT

MORRINSVILLE SUPPLIERS

[BY TELEGRAPH.—OWN CORRESPONDENT MORRINSVILLE, Sunday.

A total of £24,444 was distributed by the Morrinsville JDairy Company for butter-fat supplied during October. The payment was on the basis of Is s£d per lb. Last October the rate was Is 4£d, the disbursement being £19,795.

NEW YORK MARKETS.

STOCK EXCHANGE HOLIDAYS. (lieceived November 23, 6.6 p.m.) NEW YORK, Nov. 22. . The governors of the Stock Exchange have decided to close the exchange on Thanksgiving Day, November 28, and also on the Friday and Saturday following. But the Exchange will return to the regular five-hours sessions for the first three .days of the business week. A message from Chicago says that the rediscount rate has been reduced to 4£ per cent.

LONDON MEAT MARKET.

PRICES AT SMFPHFIELD. Tho New Zealand Meat Producers' Board has received the following cablegrain from its London office, dated November 22, advising Smithfield delivered prices averaged for the week ended that date, as follows: New Zealand Wethers and Maidens.— Canterbury quality, selected brands, 561b and,under, per .lb; 571b to 641b, 6id; 651b to 721bj 5 7-Bd. Other brands, 561b and under, 6£d; 571b to 641b, 6 l-Bd--651b to 721b, s^d.

New Zealand Ewes.— 641b and under. 4 ]-d.

Now Zealand Lambs.—Canterbury qualify, 361b and under, B'd; 371b to 421b, 8d; 431b to 501b, seconds, 7d. Selected brands. 361b and under, B£d; 371b to 421b, 7£d. Other brands, first quality, 361b and under, 7gd; 371b to 421b, 7Ad; second quality, 301b to 321b average, 7d. Australian Lambs View season's).— Victorian, first quality, 36ib and under, 8 3-8 d; 371b to 421b, 7 7-Bd. Argentine Lambs (new season's). — First quality, 361b and under, 73d; 371b to 421b, 7UI.

-Argentine Chilled Beef.—Ox fores, sd; hinds, 7 7-Bd.

Australian Frozen Beef.—Ox crops, over 1001b, 4 7-8 d; hinds, over 1601b'. 6 3-Bd.

New Zealand Frozen Pork.—Porkers, 601b to 801b, 9Jd: 811b to 991b. 9Ad1001b to 1201b, 9|d. Lamb Market.—Slightly better inquiry for first quality.

Mutton Market.—Wethers quiet. Ewes steady. New Zealand Porker Pigs.—Firm with good trade.

New Zealand Baconer Pigs.—None available.

PRODUCERS OF TIN.

OUTPUT RESTRICTION SCHEME. (Received November 21, 5.25 D.m.) LONDON. Nov. 23

_ The council of the Tin Producers' Association proposes a 10 per cent, all-round restriction on output. It is believed that the Empire producers are in favour of the proposal.

POTATOES IN SYDNEY. SELLERS REDUCE PRICES. SYDNEY. Nov. 22. The heaviest slump in the potato market for years occurred yesterday, when to enliven the stagnant market, the sellers out tho prices of now season's tubers by from £lO to £l7 per ton. Sales wcro slow oven (hen.

NORTH AUCKLAND BOX CO. PURCHASE OF BUSH AREAS. [BY TELEGRAMC. —OWN correspondent. J WHANGAREI. Sunday. The North Auckland Box Company, which lias cub out all its existing timber reserves, has purchased threa now areas of bush, representing 3,500,000 feet of timber. This will keep the mills going for some years. The bush is somo distance from Parakao, Whangarei County. The company considers installing up-to-date machinery to enable it to compete with Swodish butter boxes.

TAURANGA BUILDING SOCIETY. [BY TELEGRAPH.—OWN CORRESPONDENT. ] -TAURANGA, Saturday. There was a good attendance of shareholders at the annual mooting of tho Tauranga Co-oporativo Building Society. Mr. B. C. Robbins, chairman of directors, who presided, said a fair profit had been realised on the yoar's operations and, including tho two appropriations by ballot that evening, the number of appropriations held by tho society would bo 28. of a total value of £12,700. ; '

Messrs. 11. P. Butts, T. H. Phillips and W. L. Foxcroft wore elected to vacancies on the directorato.

CHICAGO WHEAT MARKET. (Received Novomber 24, 5.5 p.m.) CHICAGO, Nov. 23. Wheat.—Dccombor, 1 dollar 24 3-8 cents per bushel; March, 1 dollar 31J cents; May, 1 dollar 35 5-8 cents; July, 1 dollar 36 1-8 cents.

AUCKLAND EXCHANGE. Return on '8 lale Price. Investment. £ e. d. £ 8. d. WcBtport Coal 1 13 0 C 1 3 CHRISTCHURCH EXCHANGE. E.S. and A. Batik , 7 15 0 4 1G 9 Com. 131c. of Aits. . . 17 7 6 8 9 Diito 1 7 (i 5 9 1 Bank of N.S.W. .. 43 0 0 5 i 2 Union Bk. of Aus. .. 14 6 0 5 4 8 Dalfjety and Co. (2) 13 14 0 G 4 1 UoldsbrouKli-Hort .. 2 3 0 6 19 6 Ditto . . 2 3 4 ' 6 18 5 Ditio (rights) 0 8 0 Australian Distilleries 1 1 D 2 15 2 British Tobacco (2) 2 4 3 4 19 5 Sale of Goldsbrough-Mort was also made at £2 3s Id.