YESTERDAY'S SALES.

New Zealand Herald, Volume LXVII, Issue 20481, 5 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 tho quoted price. In tho case of Government and other redeemable securities tho return includes redemption. The first column gives tho figures at which the sales were made:— ' AUCKLAND EXCHANGE.

TIIE LONDON MARKETS.

PRICES FOR METALS.

(Received February 4, 0.15 p.m.)

LONDON, Feb. 3. (Quotations on January 30 in parentheses.) Copper.—Spot, £72 8s 9d (£72 Is 3d); tlime months, £69 Is 3d (£6B 16s 10£ d). Electrolytic Copper.—Spot, £B3 10s (£B3 10s); threo months, £B4 5s (£B4 ss). Wire Bars.—£B4 5s (£B4 ss). Lead.—Spot, £2l 12s 6d (£2l 13s 9d); three months, £2l 12s 6rl (£2l 12s 6d). Spelter.—Spot, £l9 15s 7id (£2O Is 3d) ; three, months, .C2O 8s 9d (£2O 10s). Tin.—Spot, £174 17s 6d (£l7B 2s 6d); three months, £177 18s 9d (£lßl ss). Silver. —Standard, 20 3-16(1 (20 3-8 d) per <>/..; line, 21 13-16.1 (22<1).

LONDON DAIRY PRICES. CHEESE ONE SHILLING HIGHER. Dalgety and Company, Limited, report having received the. following cablegram from their London house, dated February 3.—Messrs. Samuel Pago and Son .report:—Cheese: Prices, aro Is per cwt. higher (now while, 01s; coloured, 89s). FAILURE OF COMPANY. SUVA TRADING CONCERN. SUVA. Feb. 1. At a meeting of the creditors of A. M. Brod/.iak, Limited, of Suva, it was stated that the capital was lost. The second debenture holders will lose about £BOOO. Tho deficiency owing to the unsecured creditors is £12,700. No dividend is expected. WHEAT MARKET DEPRESSED. LOW PRICES AT CHICAGO. CHICAGO, Feb. :i. - Wheat prices reached a new low level for Iho season in the closing hour to-day following upon a, gradual decline, which turned toward the. end to a sharp break. This is attributed to heavy liquidation by "longs" who became demoralised by reports of new Russian ' selling. Tho depression affected the markets at Winnipeg and Buenos Aires in a similar way. Chicago wheat closed as follows: March, 1 dollar 13£ cents per bushel; May, 1 dollar 17 7-8 cents; July, 1 dollar 19 5-8 cents; September, 1 dollar 22 cents. WINNIPEG CONDITIONS. WINNIPEG, Feb. 3. Discouraged traders threw their wheat holdings on to the market to-day, and prices closed cents to cents down. May wheat closed at 125 3-8 cents. SEARCH FOR OIL. OPERATIONS AT CIS BORNE [RY TELEGIIAI'H. —I'RIiSS ASSOCIATION.] GISBORNE, Tuesday. Taranaki Oilfields report as follows; Gisborne No. 2 well: Drilled out cement and found water shut off: drilled to 5755 ft. in sandy shale; now under-ream-ing hole fo bottom, which will tako a few days; a considerably stronger show of gas which, as previously, is inflammable. PRODUCTION OF TIN. BRITISH MERGER PLAN. An announcement was recently made in London of a large tin combination, comprising London Tin Syndicate, Limited, tho Tin Selection Trust, Limited, and London Malayan Tin Trust. Circulars issued by tho various companies stated that tho fusion is desirable to prevent overlapping, to bring about a uniform policy, and tho general linking up of production, wliilo it is maintained that material economies should result from tho amalgamation. Tho total issued capital of the syndicate, after completion of the 'amalgamation, will bo approximately £2,250,000. Tho accountants consider that this capitalisation is very moderato in relation to tho value of tho combined assets. It is also further proposed to amalgamate AngloBauchi Tin Dredging Company, Limited, and Mongu (Nigeria) Tin Mines, Limited. Thoso companies also issued circulars in which stress is laid on the fact that tho continued decline in the price of tin has *made difficult the profitable, working of properties in Nigeria, so that tho grouping of adjacent areas under one financial administration of control "is clearly a paramount consideration." LONDON TALLOW SALES. LONDON. Feb, 3. Tallow stocks total 1195 tons; imports, 392; deliveries, 9<lo. LONDON TIN STOCKS. LONDON, Feb. 3. Vit.ible tin supplies total 28,783 tons j on i,pot, 1547; alloat, 2510; deliveries, 3307.

Return on Sale Price. Investment. X s. d. X. a. d. Ills. Stk.. 1939, 4i . 99 5 0 4 12 1 War Bonds, 1939, ,45 90 G 0 4 12 1 Com. Bk. Aub (Into snlo Monday) 1 2 B G 13 4 Ditto (rights) 0 1 3 — Ditto 0 1 C. — Bk. N.S.W. (Into sale, Mon., Mcl. reg.) . . 38 8 6 5 4 1 Auckland Gns (2) . . 1 3 8 G 15 2 Ditto 1 3 G G 10 2 British Tobacco 2 0 fi r> 18 G Electro. Zinc J TO 0 . 8 0 0 WELLINGTON EXCHANGE. Ins. Stk., 1933, 5} . 98 0 0 G 0 0 Com. Bk. Ans. (rgts. 0 1 3 — Ditto (rights) 0 1 5 — Union Bk. Aus. (2) 10 18 0 5 14 8 Wellington Gas 1 10 G 5 4 11. Staples' 2 10 0 5 0 0 CHRISTCHURCH EXCHANGE. Bank of N.S.W. . . 38 5 0 5 4 7 Union Bk. Aus (2) n o o 5 13 7 Bank of N.Z. 2 14 9 5 4 8 Ch'ch. Gas (exdiv.) 1 G 0 6 3 1 Booth-Mticdonald (pf.) 0 3 n — British Tobacco (2) . 2 1 3 5 16 4 United Building' 0 15 0 f> 13 4 0 Staples' 2 10 0 • 6 0 Ditto 2 10 4 4 19 1 DUNEDIN EXCHANGE. Milburn Cement 1 15 9 5 11 10 MINING SALES. Christchurch. —Mt. Lyell. 35s 3d; Mahakipawa, 3d.