YESTERDAY'S SALES.

New Zealand Herald, Volume LXVII, Issue 20514, 15 March 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. The first column gives tho figures at which the sales were made:— AUCKLAND EXCHANGE. Return on Sale Price. Investment.

REVIEW OF THE WEEK. CONTINUANCE OF LOW PRICES BANKS AND BREWERIES ACTIVE. After a quiet opening, the week which ended yesterday saw a considerable volume of business develop on the New Zealand Stock Exchanges. Buying was not sufficiently keen, however, to cause any marked upward tendency of prices. The exceptionally low values of a number of the most popular stocks were attractive to investors, and some were operated in extensively. The week closed with quieter trading on the Auckland Exchange yesterday. The gilt-edged division of the market maintained a steady tone. Business was confined to several transactions in Government 5£ per cent, investments at £99 ss, and one or two sales of local body debentures. Government investments are still being sought on the local Exchange, with small response from holders. With more than 50 transactions recorded banks again accounted for a large part of the week's trading. Price fluctuations were generally downward, but the low levels already attained did not leave much margin for further movement in this direction. Commercials of Australia provided the bulk of the business in this section, the price fluctuating between 21s 9d and 21s sd. On the Auckland Exchange yesterday they closed a shade firmer with sellers at 225. New Zealands continued the falling trend which has been in evidence since the middle of February, touching 56s 9d, compared with 57s at the close of last week. New South Wales, at £4O, held their ground. English, Scottish and Australians hardened 2s bd to £6 10s. Nationals of New Zealand eased Is to £5 19s. In the insurance section New Zealands, after recovering 3d to 445, were done later at the provious week's closing rate, 43s 9d. South British, which have been firmly quoted at 61s, had sale twice at that figure on the Auckland Exchange at the close of the week. A strong revival of interest was shown in New Zealand Breweries shares, which in the previous week had fallen to a new low level of 80s 9d. Earlier transactions were made at that price, but in brisk trading later, principally on the Chnstclmrch Exchange, a recovery of 2s was shown. Other breweries were steadily sought without response from holders. Extensive dealing in British Tobaccos, practically all on tho Christchurch Exchange, was a feature of tho week's activities in the miscellaneous section. Openine at 425, the shares rose to 42s 6d, but weakened in later Gear Meats showed a decline of 3d with sale twice at 38s. Wilsons Cements had sale on the local Exchange on three occasions at the unchanged price of 38s 9d. Mount Lyells were the only mining investment which attracted much interest. Thev were dealt in at prices averaging about Is less than the closing figure of the previous week, 33s 3d. Moanataiar s were done Id dearer at 2s 3d. Little business was transacted in the other sections of the market, and no notable price movements occurred. CANTERBURY MARKETS. PRICE FOR OATS HARDENS. [BY TELEGRAPH.— PRESS ASSOCIATION.] CHRISTCHURCH, Friday. „ Tho market for oats has hardened since the last report. Both A grade and B grade Gartons for prompt delivery are hard to obtain, and from 3s lid to 4s, f.0.b., s.i., has been paid for B grade for immediate shipment. Tho on-trucks prices to-day are 3s 6d to 3s 7d for A grade Gartons, and 3s 4d to 3s 5d for B grade. Tho on-trucks price for Duns is 4s 7d. Wheat is coming to hand freely, but millers are not buying much, and there is a lot in hand. Values remain unchanged at: Tuscan, 5s 8d; Hunters, 5s lOd to 5s lid; Pearl, 6s 2d. Fowl wheat is available at 5s lOd for prompt. Sellers are refraining from quoting forward values. Barley yields in Canterbury will bo exceptionally good A few lines are offering. Malting is quoted at 4s to 4s 3d, and Cape, for which there is a good demand, is bringing 3s 3d to 3s 6d, on trucks. There is not a great deal of the latter offering. The potato market is firm. A few orders have been got away this month to Auckland, and prices paid for those are £3 15s a ton, on trucks. The ontrucks plaice for March is quoted at £3 12s 6d to £3 15s a ton. Tho small seeds market is quiet, and values aro unchanged. There is very little offering and tho demand is poor. There has been a slight hardening in tho market for ryegrass, however, owing to the fact that the imported seed is musty and not up to weight and description. A sale of linseed has been reported at £l7 10s, f.0.b., s.i. Wheat is equivalent to about £l6 on trucks. The linseed crops are not generally ready for tho market yet. Sydney is desirous of buying at £l7, f.0.b., s.i. Tho latest quotations «how a decrease in tho price of pollard of 10s a ton, its value now being £8 a too. MELBOURNE PRODUCE. MELBOURNE, March 14. Wheat.—Nominal, 4s 7d. Flour.—£ll to £ll ss. Bran.—£7 15s. Pollard.—£B ss. Oats.—3s to 3s Id. Barley.—English unchanged. Maize.—5s 9d to 6b 3d.

£' s d £ s d Nat. Bk. New Zealand 5 19 0 5 17 8 Ditto 5 19 6 5 17 3 South British (2) 3 1 0 4 4 8 Renown Collieries (pf.) 0 3 0 — Gear Meat 1 18 0 5 18 5 WELLINGTON EXCHANGE. Ins. Stock, 1941, Ci . . 96 10 0 5 13 5 Union Bk. Australia . 12 0 0 5 4 2 N.Z. Breweries 4 2 9 3 12 3 British Tobacco (Aust.) 2 2 0 5 1A 3 Ditto (2) 2 2 3 5 13 7 Huddart-Parker 1 15 6 5 12 8 CHRISTCHURCH EXCHANGE. Com. Bk. Australia (6) 1 1 9 6 17 11 Ditto 1 1 8 6 18 6 Ditto (6) 1 1 10 6 17 5 E.S. & A. Bk. (l.s. Th.) G 7 0 5 18 1 Aus. Bk. Commerce (2) 1 5 0 5 12 0 Huddart-Purker 1 15 0 5 14 3 Ditto 1 15 6 5 12 8 N.Z. Guar. Corp. 0 8 6 7 16 10 Carlton Brewery 1 17 0 7 11 4 N.Z. Breweries 4 2 7 3 12 8 Ditto 4 2 9 3 12 3 Mount Lyell 1 12 4 12 7 5 Ditto 1 12 5 12 6 9 Goldsbrough-Mort 1 11 2 9 12 6 British Tobacco (2) . 2 1 9 5 14 11 Electro. Ziric (pref.) . 1 6 0 9 4 7 DUNEDIN EXCHANGE. Com. Bank Australia 1 1 10 6 17 5 N.Z. Breweries (4) 4 2 9 3 12 3 The return on New Zealand Breweries shares does not Viclude bonus accretion.