YESTERDAY'S SALES.

New Zealand Herald, Volume LXVII, Issue 20480, 4 February 1930, Page 7

YESTERDAY'S SALES.

BUSINESS ON EXCHANGES.

RETURN ON INVESTMENTS. 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. Tho first column gives the figures at which the sales were made: AUCKLAND EXCHANGE. Return on Sale Price. Investment. £ b. d £ a. d. War Bonds. 1033. 45 . 99 10 0 4 11 6 Com. Bank Au3. . . 1 2 4 614 4 Bank of N.Z. . . 214 9 £4B Union Bank . . . . 10 18 6 514 d Auck. Gas (ex div.) 14 9 614 9 CHRISTCHURCH EXCHANGE. Aus. Bank Com. . . 1 3 6 619 2 Goldsbrough-Mort . . 110 3 918 4 Dnlscty and Co. (late snle Feb. 1) . . 11 15 0 7 4 8 Staples' Brewery (2) 210 0 5 0 0 N.Z. Breweries '. • 319 0 315 11 British Tobacco . . 2 0 3 519 3 WELLINGTON EXCHANGE. Aus. Bank Com. .. 1 3 6 519 Goldsbrough-Mort . . 11° 0 10 0 Staples' Brewery . . 210 0 5 0 0 MINING SALES. Auckland.—Moanataiari, fully paid, Is 9d (3): Wailii Grand Junction. Is 3d. The return on New Zealand Bieweric shares does not include bonus accretion. AUCKLAND COMPANIES. TWO NEW REGISTRATIONS. Two companies,* one public and one private, were registered in Auckland yesterday. Details are as follows: — PUBLIC. Dominion Importing Company, Limited. Objects:—To acquire and carry on the business of tho Dominion Importing Company, manufacturers. Capital, £14,000 in £1 shares. Subscribers: —C. N. B. Mardon, 11,995 shares; Ada Mardon, .2000 shares; R. M. Scelly, A. G. Gavon, C. T. Keegan, T. J. Spry and Ivy Frances Goodson, one share each. PRIVATE. H. V. Henrikson and Company, Limited, engine manufacturers. Capital, £3OOO in £1 shares. Subscribers: H. V. Henrikson and F, Klans, 1500 shares each. DAIRY PRODUCE PRICES. LONDON MARKET VALUES. The Bank of New Zealand has received the following advice from its London office as at the close of business last week:—Butter: The market is steady; 154s to 156s per cwt. Cheese: The market is quiet; coloured, 83s; white, 90s.

Amalgamated Dairies, Limited, have received the following cablegram from their London house:—Butter.—Our prices are unchanged, finest, 1565. The market shows rather a firmer tone on signs of an improving demand.- Danish, 174s spot, 168s f.o.b. Deliveries: New Zealand, 1319 tons; stock, 6240 tons. Retail prices: Danish advancing Monday to Is 9d, New Zealand unchanged, Is 7d. Cheese.—White, 90s; coloured, 88s. The market is firm. The retail price is unchanged. Leonard and Sou, Limited, have received the following cablegram from Mr. A. C. Rowson, dated January 31.—Butter: New Zealand, .first grade, 1525; finest, 1545. Kair .demand. Market firm, anticipate temporary improvement. Cheese: New Zealand, whito, 90s; coloured, 88s. Demand slow. Market firm, anticipate temporary improvement. Deliveries: New Zealand and Australian, 29,193 crates; Canadian, 6305 boxes. Stocks: New Zealand .and Australian, 75,553 crates; Canadian, 149.943 boxes. A. H. Turnbull and' Company have received the following cablegram from W. Wed del and Company, Limited, dated January 31:—Butter.—Danish, 172s to 1745; New Zealand, unsalted, 168s to 1725; salted, 151s to 1545. Market steady. New Zealand cheese, white, 90s; coloured, 88s. Market steady. Canadian, white, 96s to 100s; coloured, 96s to 98s. WELLINGTON TRUST COMPANY. DIVIDEND OF 8£ PER CENT. [BY TELEGRAPH. —OWN CORRESPONDENT.] WELLINGTON. Monday. Tho annual meeting of the Wellington Trust, Loan and Investment Company, Limited, was held to-day. In moving tho adoption of tho annual report and bal-ance-sheet, tho chairman of directors, Mr. John A. Plimmcr, said tho directors were pleased to record that the accounts for tho past year showed satisfactory results. • "Although the amounts shown in tho balance-sheet on deposit and mortgage are Jess than last year, better returns have contributed to a slight increase in the net profits on the previous year," said tho chairman. "Punctual payment of interest on mortgages has been well maintained and ample money on deposit has been available. Tho wholo of the amount standing in tho balance-sheet as loans invested at call is available for loans already granted and awaiting completion and tho bank deposits are available for lending on approved mortgago securities. "In accordance with tho proposal made by tho directors at tho last annual meeting tho interim dividend paid at the halfyear ended Juno 30 last was raised to 4 per cent., and an equal amount for tho last half-year, together with a bonus for tho year of per cent., is now recommended. Tho sum of £2500 has been placed to tho reservo fund, making it £82,500. Tho balanco to bo carried forward to next year's account Is £7144." Mr. 0. S. Watkins, in seconding the motion, said it was needless to discuss 1 tho figures, which showed a particularly strong position, lie thought it could safely bo said tho company was in a stronger position than any other similar company in tho Dominion. Mr. A. Warburton thought tho directors and management were entitled to tho thanks of shareholders for tho croditablo balance-sheet which had boon prosonted. Although it was Very welcome to shareholders to receive tho extra J, per cent, bonus ho was of opinion that, in view of tho economic position, perhaps it would have been better to have added the amount to tho reserve fund. Tho report, and balance-sheet were adopted, LONDON SHEEPSKINS MARKET. Dnlgot.y and Company, Limited, report having received tho following cablegram from their London house dated February 1 : _Sheepskins.—Merino, three-quarter to full-woolled, 8d to 9Ad; Merino, quarter to half-wool led, 5d to short and shorn, 4£d to 6d; Xbred, three-quarter to full-woolled, fmo, lOd to 12d; medium and coarse, BAd to 10Ad; Xbred, quarter to half-woollod, fine, 8d to lOd; fiedium and coarse, 7jd to 9d; Xbred short and shorn, to 8d; lambs, 9d to IOAd. Offered 3350 bales, sold 2325 bales.