YESTERDAY'S SALES.

New Zealand Herald, Volume LXVII, Issue 20519, 21 March 1930, Page 9

YESTERDAY'S SALES.

BUSINESS ON EXCHANGES.

RETURN ON INVESTMENTS. Following is a list of yesterday's transactions on New Zealand Stock Exchanges. In tho second column is given tho 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 tho sales wore made:—

AUCKLAND EXCHANGE.

Bit. of New Zealand . 216 9 5< 1 0 Union Bank . . . , 12 0 0 6 4 3 Mount Lyell (2) . . 113 6 11 18 9 Tho return on New Zealand Breweries shnres does not.include bonus accretion. The return on Dunlop Perdriau Rubber shares is based on tho recent interim dividend of 3 per cent.

NEW YORK EXCHANGE. SHARP RISE IN STOCKS. NEW YORK, March 19. The fact that call money was 2 per cent., the lowest rate since 1925, encouraged a strong speculative spurt on the Stock Exchange, with the " bull" market resembling the days before the slump last autumn. The ticker was 30 minutes behind.

Many small traders cam? back, and prices jumped precipitately, including United States Steel, and many industrial stocks and railway shares. Profit taking late in the day caused only a small reaction.

FLAX FIBRE AND LINSEED

BOUNTIES IN AUSTRALIA.

(Received Match 20, 11.5 p.m.)

CANBERRA, March 20

Mr. F. M. Forde, Acting-Minister of Customs, says the Federal Government is providing bounties on flax fibre and lin seed for a period of five years. SOUTH AFRICAN LOAN. FAILURE OF RECENT ISSUE. CAPETOWN, March 19. The Minister of Finance, Mr. N. C. Havenga, replying to the appropriation debate in the* House of Assembly,, said tho failure of the loan of £6,000,000 was due to the issue price not appealing to big subscribers. A cablegram received to-day stated that the underwriters had been relieved of a considerable amount of the loan, which is now quoted at a premium of ij-

HIGHER DUTY ON SUGAR. SOUTH AFRICAN IMPORTS. CAPETOWN, March 19. The duty on sugar, which at present is 4s 6d, plus the suspended duty .of 3s 6d, on 1001b., is to be doubled. By-pro-duets are exempted. DAIRY PRODUCE PRICES. . LONDON MARKET VALUES. Dalgety and Company, Limited, report having received the following cablegram from their London house, dated March 19.—Messrs Samuel Pago and Son reSarfc: —Butter: The market is very slow. ew Zealand finest, salted, 136s to 138s; Danish, 156s to 158s; Australian, finest unsalted, 138s to 140s; finest salted, 132s to 1355; good average quality, 128s to 130s. Cheese: The niarkot is very slow. New Zealand, white, 82s to 83s; coloured, 83m to 84s; Canadian, white, 94s to 98s; coloured, 94s to 98s. .Tosenh Nathan, Limited, have received tho following cablegram from their London houseßutter: The market is weak; 1365. Cheese: Tho niarkot is quiet; white, 82s, coloured, 83s. The Loan and Mercantile Agency Company, Limited, has received the following cablegram from its London office, dated March 19:—Butter: Choicest salted, 138s. Cheese: White, 82s to 83s; coloured, 83s to 84s. Tho market is very slow.

LONDON TALLOW MARKET. LONDON, March 19. There was no tallow salo in London today. • Tho series is to be resumed on April 2. THE PRICE OF GOLD. LONDON, March 19. Gold is quoted to-day at 84s per oz. CHICAGO WHEAT MARKET. CHICAGO. March 19. Wheat. —March, 1 dollar 4 5-8 cents per bushel; May, 1 dollar 81-8 cents; July, 1 dollar 6J cents; September, 1 dollar 8£ cents. MELBOURNE HIDES. (Received March 20, 9.45 p.m.) MELBOURNE, March 20. In the hides market to-day lightweights and badly-conditioned parcels were a full farthing lower. In the other grades values wero hard to maintain. RAILWAY WORKSHOP SITE. The leases of oight lots on tho site of the old railway workshops. Nowmarket, will be offered at auction by C. F. Bennett, Limited, at their rooms, corner of Queen and Shortland Streets, at noon today. Tho sections, which have railway sidings, will be available on Zealand Railway leases. The areas of tho lots vary from 30.7 perches to 1 rood 24 perches. Further particulars are advertised.

Return on Sale Price. Investment. £ s. d. £ s. d. Inscribed Stk., 1938, 4J 9V 5 0 4 18 5 Ditto . . • ♦ 97 10 0 4 17 7 Com. Bk. Aus. (2) 1 1 10 6 17 5 Bank of I{.S.W. 39 8 6 5 1 5 South Britisli . 3 1 0 4 4 8 2 Auckland Gas . 1 3 6 6 16 Ditto (con.) . 0 17 0 7 1 2 Ditto Staples' Brewery 0 16 10 7 2 7 2 8 0 5 4 2 3 3 Australian fitasB . . 2 3 0 5 16 British Tobacco 2 2 0 5 14 Colonial Sugar •. 44 0 0 5 13 7 Mount Lyell . . 1 13 6 11 18 9 i WELLINGTON exchange. War Loan, 1930, 4fc (2) 99 5 0 6 7 0 Bank of N.Z. (2) .. 2 16 9 5 1 0 Christchurch Gas 16 3 6 1 1U N.2. Breweries . , 4 2 0 a in a N.Z. Insurance 2 3 9 4 3 10 British Tobacco 2 2 0 5 14 3 CHRISTCHURCH EXCHANGE. National Bk. of N.Z. 5 19 9 6 16 11 Bank of N.S.W. (2) . 39 7 6 5 1 7 Bk. of New Zealand . 2 16 9 5 1 0 Com. Bk. Australia . . 1 1 11 6 16 10 Goldsbrough-Mort (2) 1 11 3 9 12 u Christchurch Gas .. 1 6 1 6 2 8 10' Ditto 16 3 6 1 N.Z. Breweries 4 2 1 3 13 i British Tobacco 2 2 0 14 3 Ditto (4) . . .. 2 1 11 5 14 6 6 Dunlop Perdriau (3) . 0 17 7 G 16 Mount Lyell (2) 1 13 3 12 0 7 Stony Creek (Gd pd, Q) 0 0 8 — Winding Creek (is pd.) 0 0 11} —* Ditto 0 0 11 7 13 a Dalge'ty and Co. . . 11 2 0 Auck. Gas (l.s. Wed., 6 16 a odd lot) 1 3 6 DUNEDIN EXCHANGE.