YESTERDAY'S SALES.

New Zealand Herald, Volume LXVII, Issue 20536, 10 April 1930, Page 7

YESTERDAY'S SALES.

BUSINESS ON EXCHANGES.

RETURN ON INVESTMENTS. Following is a list of-yesterday's transactions on Now Zealand Stock Exchanges. In tho socond column is given tho return, based on tho last dividend, from investment at tho quoted price. In tho case of Government and other redeemable securities tho return includes redemption. Tho first column gives tho figures at which tho sales wcro mado:-

INTER-EMPIRE TRADE.

CANADA AND AUSTRALIA.

EXCHANGE OF PREFERENCES.

OTTAWA, April 8

Mr. James Malcolm, Minister of Trado and Customs, to-day informed a deputation representing tho lumber interests of British Columbia that Canada is ready to negotiate a complete oxchango of preferences with Australia. Tho matter would be fully discussed with Mr. J. E. Fenton, Australian Minister of Trado and Customs, when 'ho visits Ottawa on his way homo from tho Naval Conforenco.

. Mr. Malcolm hinted that preliminary negotiations are now in progress. Action was particularly sought in regard to Canadian lumber.

Tho deputation told the Minister that the recent trip to Australia of lumbermen had shown that that country is heartily in favour of extending trado within tho Empire on a fair basis. Mr. Malcolm said his predecessor, tho late Mr. J. A. Robb, two years ago had expressed full accord with the proposal for full preferences botwoen the two countries.

Tho delegates suggested that tho Government should establish Canadian credits in Australian banks to facilitate tho present financial conditions in Australia. Tho visit to that country had shown tho wisdom of sonio such arrangement. Also it had shown a decided desire on the part of Australia for Canada to import Australian wines, which appeared to bo decidedly reasonable and possible.

LONDON WOOL SALES.

MARKET REMAINS FIRM,

LONDON. April 8

At tho London wool sales to-day 4994 bales wore offored, including 839 from New Zealand. Approximately 4090 wero sold.

Tliero was a fair selection of greasy Merinos and a limited offering of greasy crossbreds, Tho market was firm at lato rates, which wero fully maintained.

NEW ZEALAND BUTTER.

CANADIANS' ATTITUDE

(Received April 9, 6.25 p.m.) VANCOUVER, April 8. Tho Agricultural Committee of tho Provincial Legislature of Now Brunswick today carried a resolution that Now Zealand butter should bo subjected to an increased duty in order to stimulate tho industry in Now Brunswick and other sections of Canada. E., S. AND A. BANK. DATE OF INTERIM DIVIDEND. Tho half-yearly intorim dividend of tho English, Scottish and Australian Bank will bo payablo on May 1, Tho books will close on April 23. Tho rate of tho dividend has not yob been announced. Tho last annual dividend and bonus, totallod per cent.

FOREIGN EXCHANGES. British Wirelens. RUGBY, April 8. Tho following rates on foroign exchanges aro current to-day, compared with tho cabled quotations on April 3

COLOMBO TEA SALES. (Received April 9, 10.5 p.m.) COLOMBO, April 8,

Tho quantity of ton offorod at this wook's auction in Colombo whs 3,200,0001b. Common tons declined 2 to 4 cents, low mediums 3 to 6 cents and good broken Tokoos 8 to 10 conls.

Next. wook's catalogue will total 3,200,0001b.

THE TALLOW MARKET. Dalpety and' Company, Ltd., has received tho following cablegram from its London house, datod April 8:—Tallow: Thoro will bo no public salo until April 30. THE PRICE OF GOLD. LONDON, April 8. Gold is. quoted at 84s 10 5-8 d per oz. PROPERTY MARKET. An eight-roofned residence and ono acre of gardens, in Avney Road, Roniuera, was offered at auction by C. F. Bennett, Ltd., yesterday morning. There was a good attendance, but the property failed to reach tint reserve and was passed in at £4200.

AUCKLAND EXCHANGE. Return on Sale Price. Investment, £ s d £ 8 d E.S. and A. Bank .. 6 17 6 5 9 1 Union Dunk 12 1 0 G 3 9 Taupiri Coal . . 1 (i (1 7 13 10' Union Steam (prof.) 10 6 G 7 3 N.Z. Broworica 2 10 3 G 19 4 Ditto . 2 10 0 G 18 10 Electro. Zinc (prof.) . 1 7 10 8 12 5 Taranaki Oil ('2) 0 1 G Waihi G.M 0 1-1 0 14 6 8 Alburnia 0 0 4 WELLINGTON EXCHANGE. Bank of N.S.W. 30 5 0 5 1 11 Ditto .. .. 30 2 G 5 2 3 Wellington Invest. . . 0 11 0 G 18 2 Wellington Meat (2) 0 8 9 lluddart-ParkecJord.) 1 18 0 G 5 3 N.Z. Breweries 2 10 9 6 18 3 British Tobacco 2 0 0 G 0 0 Ditto (4) 2 0 3 G 19 3 CHRISTCHURCH EXCHANGE. Aust. Dk. of Com, . 1 5 0 5 12 0 Bank of Australasia 12 5 0 6 14 3 United BUIk, Socioty 0 14 4 G 19 6 Wuton frozen Moat . 0 8 G Kaiapoi Wool (con.) . 0 3 8 7 12 9 N.S5. Browerics (3) . . 2 10 6 5 18 10 Ditto . . 2 10 11 6 17 10 British Tobacco 2 0 2 6 19 R Ditto (ii) .. , . 2 0 .1 fi 19 3 Victoria Nyanza Sugar 1 19 3 7 12 10 DUNEDIN EXCHANGE. Ins. Stk., 1930. 41 .. 97 7 6 4 17 4 Bank of N.S.W. .. 39 0 0 5 2 7 Kaiapoi Wool (con.) . 0 3 9 7 9 4 Tuddy's Point . . 0 4 41 —

and pur:—• . April 8. April 3. Par. Montreal, rlol. . 4.8GJ — 4.800 Now York, <lol. . 4.80 5-8 4.805 4.800 Paris, fr. Brussels, helpta. Geneva. fr. . . 124.22 124.20 124.21 . 34.855 34.805 35,00 . 25.05 24.125 25.22 Amsterdam, fl. 12.10 7-8 12.11 3-8 12.10 Rome, lire . 92.70 02.70 02.40 J3crlin, r.m. . 20.38 20.38 20.43 Stockholm, kr. . 18.10 18.10 18.150 Oslo, kr. . . . 18.17 18.17 18.150 CoponhftKon, kr. . . 18.17 18.17 18.150 Vienna, sell. . 34.505 34.525 34.581 Prague, kr. . . 1041 1041 24.02 nelninRfors, mark .11)31 103} 102.23 Madrid, pen. . 33.85 38.70 25.221 Lisbon, escu. . 100.30 108.30 — Athens, rlr. . . 375 375 375.00 Bucharest, lei. _ . . 818 81H 25.221 Bio do Jan.. mil. 5 25-32 5 13-16 Buenos Aires, rlol, 44 1-16 43 3-8 47.57<l Calcutta, ritpeo . 17 27-32 17 13-16 18d Shanghai, tnel . 23 23 Hongkong, dollar . 18 18 — Yokohama, yen . 24 3.8 24 13-32 24.58(1 Bntavia, fl. . 12.00! — 12.10