YESTERDAY'S SALES.

New Zealand Herald, Volume LXVII, Issue 20465, 17 January 1930, Page 7

YESTERDAY'S SALES.

BUSINESS ON EXCHANGES.

• ' RETURN ON INVESTMENTS

y. Following''is a list of yesterday's transactions on 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 AUCKLAND EXCHANGE. • ;"Return on . Snle Price. Investment. £ad £ s d Com. Bk. Aus ..149 6/1-2 Union Bank .. 12/0 0 5 4 2 Kauri Timber .. 016 0 413 9 Taranaki Oil • • 0 5 ~ "Wilsonß Clement . 2 0 9 418 - Gear Mes.t (late sale Wed.) . . • • 2 1 6 58 5 N.Z. Breweries . . 4 8 0 3 8 2 WELLINGTON EXCHANGE. War Bonds. 1938. 4! 99 15 0 410 9 E.S. and A. Bank (2) 016 6 a 910 Union Bk.. Mel. leg. 12 1 0 5 3 9 Kauri Timber . . 015 10 414 8 N.Z. Breweries . . 4 8 6 3/10 British Tobacco ..2 49 5 7 3 CHFtISTCHURCH EXCHANGE. War Bonds, 1933, 5J 99 10 0 513 9 Bk. N.S.W. (2) ..41 5 0 416 11 fi.s. pnd A. Bank . . 617 0 o 9 5 Staple's Brewery ... 215 9 4 9 < DUNEDIN- EXCHANGE. D.1.C., pref. 113 5 12 11 MINING. SALES. Auckland.—Moanataiari, 2s 4d paid, 6d; Js 6d paid, 6d;, Mount Lyell, 37s 6d- - Christohurch.—Mount Lyell, 36s 9a, 375, 37a sd, £) , ' The return on New Zealand Breweries shares does not include bonus accretion.

EXPORT OF LAMB. RESEARCH BY SCIENTISTS. FROM PASTURE TO MARKET. [BY TE LEGBAPH. —PRESS ASSOCIATION.] ,■ NAPIER, Thursday. An experimental shipment of about 500 carcases of lamb from various .parts of the North Island is to leave Napier by the Ruabine to-morrow for England. Tho carcases have been studied by a party of 'experts, at the head of whom is Dr. E. Griffiths, F.R.S., of the National Physical Laboratory, England, from the time the lambs were taken from the pastures until they wove placed on the boat in the form of carcases*

On tlii! boat they will bo subject to biological examinations, and further studied :in the unloading and sorting operations in England. The object of the experiment is to endeavour to ascertain the cauisi) whythe New Zealand product loses itu fresh "bloom" by the time it reaches the English market, which has a prejudicial effect on the selling.

Included in the Ruahine's cargo is a hold of cheese, which also will be under observation. Two further similar shipments will follow later from New Zealand.

WELLINGTON TRUST CO. DIVIDEND OF 8£ PER CENT. The report of the Wellington Trust, Loan and Investment Company, for the year enc.od December 31, states that the sum to the credit of profit and loss on the year's working, together with the amount of £6326 7s 2d* brought forward from the previous year, is / £20,269 5s 4d, from which £SOOO has heen paid as an interim dividend at the rate of 4 per cent, for the half-year en/ded June 30. The directors recommend that a further dividend be declared at. the rate of 4 per cent., phis Jf per cent, bonus for the year, amounting to £5625 (making 8£ per cent, for the year); that £2500 be added to the;! reserve 'fund, making* the latt-er £82,500; and thai, the balance of £7144 5s 4d bp carried forward Following is a comparison of the company's results for the last three years:— 1097 109 ft 1099 Brought forward . . £4,086 £1.291 £6,326 Net profits . . .. £]7>lS £16.326 £20,269 To reserve . . .■ • I*soo Special depreciation Dividend, p.c. .. 8 S 8} Amount, . ■ . . 10,000 10,000 10,625 Carried forward . . £4,291 £6,326 £7,144 The- company's paid-up capital is £125,000. Deposits with the company amount to £319,191, as. against £336,222 last year. The assets include mortgages! £454,739 Is Id; war lonn stock at cost (face value £40,000), £37,998 Is 3d; special deposits, Bank of New Zealand, £25,000; and loans at call, £BOOO. PROPOSED SHEEPSKIN TAX. FEELING IN AUSTRALIA. i PERTH, Jan, 16. •The report of a proposed export tax on sheepskins has been received here with indignant incredulity. The prices at the current wool sales were unprofitable to growers, and. with no fellraongering in the State any handicap oh the .free market for skjns will hit the sheepowners through.the price received for fat stock. The Fastoralists' Association is unable to get a reply froili the Federal Government regarding the report. LONDON TALLOW MARKET. LONDON, 'Jan. 15. No tallow sale was held in London today. Dalgety and Company, Limited, report having received the following cablegram from their London house dated January 15:—Tallow: The market is unchanged.. CHICAGO WHEAT MARKET. CHICAGO, Jan. 35. Wheatl—March, 1 dollar 24 cents per* bushel; May, 1 dollar 28 cents; July, 1 dollar 210 5-8 cents. THE PRICE OF GOLD. LONDON, Jan. 15. Gold ir> quoted to-day at 84s 11 3-8 d per oz. ' QUEENSLAND OIL BORE. BRISBANE, Jani 16. Oil-bearing sand has beei; struck at the Longroach bore at a depth of 3227 ft. The prospects of getting oil in payable commercial quantities are considered bright. AUSTRALIAN PRODUCE. (Received January 16, 10.5 p.m.) SYDNEY, Jan. 16. The following, are to-day's quotations on the Sydney produce market:— Wheat.—At country stations, 4s 8d; ex trucks Sydney, 5s 3d. Flour.—£l3. Pollard.—£9. Bran.—£7. Potatoes.—Tasmanian, £8; Victorian, £7. Onions.—Globe, £B. Oats.—White, ss; Algerian, 4* 9d. Maize.—7s 6d a bushel.