YESTERDAY'S SALES.

New Zealand Herald, Volume LXVII, Issue 20516, 18 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 tho sales were made:—

AUCKLAND COMPANIES. FIVE NEW REGISTRATIONS. Five new companies, all of them private, were registered in Auckland yesterday. Details are as follows: Pedestal Shoes, Limited, boot and shoo manufacturers. Capital, £2500 in £1 shares. Subscribers: Joshua Cardei, of Auckland, 1750 shares; Harold Eric Coleman, of Auckland, 500 shares; Alfred Sullivan, of Auckland, 250 shares. Business in Education, Limited, publishers of educational literature. Capital, £SOO in £1 shares. Subscribers: lan Battman Macken, of Whangarci, and Frank Witty, of Auckland, 250 shares each. Socro, Limited, fruit preservers and preserve manufacturers. Capital, £450 in £1 shares. Subscribers:, Francis William Voeleker, of Kerikeri, 120 shares; George Henry Alderton, of Kerikeri. 100 shares; Edward Selby Little, of Kerikeri, 75 shares; Alfred Rao Emanuel, of Kerikeri, 50 shares; Alec William Leslie Nash, Arthur Michael Wallace. Knud Graae, and Ernest Samuel Ainsworth, all of Kerikeri. 25 shares each; Charles Adderley Hawkes, of Kerikeri, 5 shares. Auckland Luminous Signs Syndicate, Limited, advertising contractors and agents. Capital , £4OO in £1 shares. Subscribers. Herbert Vincent Coe, •Arthur Thomas Newdick and Robert McGregor, all of Auckland, 100 shares each; William Patrick John Anderson and Selvvyn Ernest Austin, both of Auckland, 50 shares each. To Kuiti Petrol Service, Limited, garage and service station proprietors. Capital, £ls in £1 shares. Subscribers : Francis Oliver Hewetson, of To Kuiti, Paul John Andrew Bruun Patteson, of Wellington, and Edwin Thornton Tidd, of Hamilton, 5 shares each. DAIRY PRODUCE PRICES. LONDON MARKET VALUES.

Leonard and Son, Limited, have received the following cablegram from Mr. A. 0. Rowson, London, date March 14: — Butter: New Zealand, first grade, 1395; finest, 141s. The demand is falling off and the market is again dull. Outlook: Cannot advise, but think the market will go lower unless there is an improved demand. Cheese: New Zealand, white, 84s; coloured, 85s. The demand is moderate and the market is steady, : Cannot advise, but think the market will not change much for the present. Deliveries: New Zealand and Australian, 29,910 crates; Canadian, 3603 boxes. Stock: New Zealand and Australian, 90,669 crates; Canadian, 126,19£,rve5. .Amalgamated Dairies, Limited, received the following market report from their London office yesterday:—Butter: The market is weaker tinder a strong "bearing" movement. Best, unchanged, 1445; other finest grade for immediate delivery 141s, next week 140s. Danish, 158s spot ; 152s f.o.b. Deliveries of New Zealand, 1498 tons; stock, 6646 tons. Retail prices are unchanged. Cheese: Prices are unchanged, but the market is quiet at the advance (white 84s, coloured 85s). Canadian unchanged, nominal. Retail prices are unchanged. ,

AUCKLANDER'S INVENTION. OFFSET PRINTING PROCESS. A new type of offset printing plate, the invention of Mr. T. E. Richards, of Mount Albert, has passed exhaustive tests by the United States Printing Office, according to a cable message received by Mr. H. P. Cooke, the chairman of directors of the Duroplox Company, which was formed to dispose of the world rights of Mr. Richards' invention. He is advised that the printing office has just completed a run of 250,000 copies from one plate. The experts present stated that tho pi ato was in as good a condition as wlien it started, and in their opinion could be run indefinitely. Mr. Cooke states (hat negotiations with large interests in the United States are proceeding. RAIL AND SEA CARRIAGE. TRANSPORT OF WAGGONS.

Tho design and const ruction of the st en in,ship Sen train, built for tho carriage of railway waggons, were described by Mr. L. C. Run-ill, in a paper which ho read before (he meeting of tho North-East Coast Institution of Engineers and Shipbuilders at Newcastle recently. Tho tiino involved in the transfer of goods from truck to ship, and vice versa, ho said, influenced considerably the possible earning capacity of a ship. Tho Seatrain, which was constructed under American and British patent licences by Swan, Hunter and Wigham Richardson, Limited, Wallsend, for Overseas Railways, [lie., was designed .to reduce this loss to a minimum, by sealed rail-cars being lowered direct into tho ship from the terminal railway (system, and left untouched until lifted out of the ship on to tho railway truck. Tho vessel worked between Havana and New Orleans. Special shore appliances facilitated direct loading and discharge of cars from and to the railway. Besides saving of time at ports, other advantages were claimed for tho system. There was less' need for strong and heavy containers and therefore a reduction not only in freight charges, but also in extra customs duties where tariffs were based on gross weights. The speed of the vessel would enable her t6 make the voyage between Havana and New Orleans in 52 hours. She would discharge a cargo of waggons and receive a fresh complement in 10 hours. This entailed a service speed of about 11 knots in fine weather, and the ship was therefore designed to have a speed on trial of about lli, knots. Cars would be carried throughout the hold and 'tweendeck spaces and also on a superstructure deck, instead of only on one deck.

AUCKLAND EXCHANGE. Return on Sale Price. Investment. £ s. d. £ 8. d. War Loan, 1933, 5£ . 99 2 G 5 16 7 Com. Etc. A us. (3) . 1 2 0 G 10 4 0 Bank of N.Z. (2) . 2 1(1 9 5 1. Pukcniiro Coal :i 9 <; 30 1 8 Auckland Gas 1 3 7 r> i» Ditto (con., 2) . N.Z. Fanners' Fert 0 17 0 7 1 2 . 10 0 H 0 0 British Tobacco 2 2 (i 5 12 11 CHR1STCHVRCH EXCHANGE. Coni Bank of Aus 119 f> 17 9 Ditto 1 111 r> K» 5 0 10 Bank of N.S.W. . 39 17 <> 4 Union Bank (2) 12 0 0 5 '1 N.Z. Breweries (2) . 4 3 0 *J 12 <) 5 3 British Tobacco (3) - 2 2 3 5 13 Carlton Brewery 1 IB 6 7 5 Mount Lyoll .. 1 12 9 12 4 DUNEDIN EXCHANGE. N.Z. Breweries 4 3 0 3 12 3 Mount Lyell .. 1 12 6 12 6 2