YESTERDAY'S SALES.

New Zealand Herald, Volume LXVI, Issue 20425, 29 November 1929, Page 9

YESTERDAY'S SALES.

BUSINESS ON EXCHANGES.

RETURNS ON INVESTMENTS.

Following is a list of yesterday's transactions on the New Zealand Stock Exchanges. In the second column is given tho return, based on tho last dividend, from investment at tho quoted price. In the case of Government and other redeemable securities tho return includes redemption. Tho first column gives the figures at which tho sales were made:; — AUCKLAND EXCHANGE. Return on Sale Price. Investment. £ s <:1 £ a <) Com. Bnnk Aus. . . 1 7 2 510 5 N.Z. Insurance . . '2 G 0 310 10 WELLINGTON EXCHANGE. *N.Z. Breweries debs. 1 8 3 7 1 7 CHRISTCHURCH EXCHANGE. Com. Bit. Ana. (3) . 17 1 510 9 „ DUto . . . . 1 7 2 510 5 Nat. Bk. N.Z. . . 616 0 5 211 Ditto . . . . 616 0 5 2 G Goldsbrough-Mort (ox rights) . . 2 0 0 7 7 3 Ditto (2) . . . . 2 0 6 7 8 2 Ditto (rights) ..0 7 0

N.Z. Breweries .. 4 711 3 8 3 Staples' Brewery . . 213 0 414 4 Elec. Zinc, (ord., 2) 113 0 7 2 3 Ditto . . . llio 7 12 MINING SALES. Auckland.—Mount Lyell, 42s 3d. Wollington,—Waihi, 12s lOd. Dunedin.— Kildare, Is 9d.

Christchurch.—Mount Lyell, 41s 6d (2), 41s sd, 41s 4d (2), 41s 2d.

"Does not include redemption. The return .01: New Zealand Breweries shares does not include bon.us accretion.

DAIRY PRODUCE PRICES

LONDON MARKET VALUES. The New Zealand Loan and Mercantile Agency Company. Limited, has received the following cablegram from its London house, dated November 27 :—New Zealand dairy produce: Butter, choicest salted new season's, 168s to 170s. Cheese, white 955, coloured 92s to 935.

CO-OPERATIVE CANNERIES. STATE AID IN VICTORIA. [from our own correspondent.l SYDNEY. Nov. 5. Criticism has been directed at the Victorian Ministry in the past for its policy of aiding the co-operativo canneries, both by advances and by guarantees. But the Government lias had tho good fortune to find that the Rhepparton Co-opera-tive Cannery lias not only repaid the cutstanding advance of £47,000, but has released the Treasury from its guarantee to (lie bank in respect to the trading account of the company, to the extent of more than £250,000. It is an effective answer to the critics who contended that the Government, in giving further advances, was merely throwing away good money after bad. Even the Treasurer himself has had to admit that, despite official optimism as to the eventual success of the canneries, on more than one occasion he has had very serious doubts whether the Government would ever recover all the money advanced. Success has now been achieved by the Shepparton cannery, and the people of the district are showing their increased confidence in the undertaking by taking up additional shares. v During the last two seasons the cooperative canneries have suffered heavily as a result of keen competition in the overseas market by American concerns. Prospects are now much brighter. This year's output is estimated at 800,000 dozen tins.

AUSTRALIAN MEAT PROBLEMS. DIFFICULTIES TO BE FACED. Tlip. president of the Australian Graziers' Association. Mr. F. 11. Tout, in referring to a proposed conference between the Commonwealth Minister for Markets and all sections of the meat industry, said lie felt sure that.such a conference would prove helpful. " Our meat industry is experiencing many difficulties," Mr. Tout continued. "In fact, from the producers' viewpoint, it has been unsatisfactory for years. Mutton prices have heen unprofitably low, and even lamb has not been soiling nearly as well as we desire. Altogether, it is a problem that has Worried us for a long time, and we have not- yet arrived at a solution. Many factors come into it, and probably by getting together we can deal satisfactorily with at least some of them.

In the local trade ,the;e is 100 great a disparity between the* price paid for the fat stock and the prices charged to the consumer. Just what is wrong here is a matter of divergent opinion, but the producer feels that there is something very wrong; meantime, both producers and the consumers suffer. The export trade has its special problems; all I would say here is that our meat is not doing nearly as well in the British markets as we could wish. To achiovo satisfactory results probably means more thorough organisation, both itf' Australia and in Britain."

CHICAGO WHEAT MARKET. CHICAGO. Nov. 27

Wheat.—December, 1 dollar 23$ cents pei' bushel; March, 1 dollar 30£ cents; May, 1 dollar 34£ cents; July, 1 dollar cents.

CANADIAN WHEAT POOL. LOWER TURNOVER FOR YEAR. (Received November 28, 8.5 p.m.) WINNIPEG. Nov. 27. The annual report of the Canadian Wheat Pool indicates a gross turnover for the year of £57,600,000. This is a decrease o{ £7,000,000 compared, with the previous yenl - , duo to carry-over wheat. The pool exported a total of 108,000,000 bushels, the largest shipments being to tho United Kingdom (34,600,000 bushels). Efforts to establish an agency -in Europe, particularly in the United Kingdom, in order to stabilise wheat at a fair price were unsuccessful.

THE PRICE OF GOLD. LONDON. Nov. 27. Gold is quoted to-day at 84s per ounce. AUSTRALIAN PRODUCE. (Received November 28, 10.45 p.m.) SYDNEY, Nov. 28. The following are today's quotations on the Sydney produce markets:—

Wheat.—At country stations, 4s 7d ; ox trucks, Sydney, 5s 2d. Flour. —£13. Pollard.—£9. Bran.—£7 10s. Potatoes.—£lo to £l7. Onions. —Brown, £l2; white, £l4 10s, Maize.—6s. Quotations at Adelaide are:— Wheat.—4s 9d to 4s ll^d. Flour.-£l2 2s 6d. Pollard.—£B. Oats.—3s 3d.