YESTERDAY'S SALES.

New Zealand Herald, Volume LXVII, Issue 20556, 6 May 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 nt the quoted price. In tho case of Government and other redeemable securities the return includes redemption. The first column gives tho figures at which tho sales were mado:— AUCKLAND EXCHANGE. Return on Sale Price. Investment. £Bd £ a d Bunk of Adelaide . . Cll 0 617 .6 Com. Bank Aus. .. 1 0 101 7 3 9 Ditto 1 0 10 7 4 0 Ditto, Gs paid ..0 6 0 N.Z. Insurance! . . 2 4 0 4 3 4 Auckland Gas . . 13 0 Cll 9 Farmers' Trading (B pref.) . . . . 012 3 8 0 0 N.Z. Farmer's Fert. ..0 18 8 811 5 Wilsons Cement .. 1 19 3 5 1 11 Waihi G.M. (2' .. 0 11 3 14 2 4 Mount Lyell . . . 17 1 14 15 2 Ditto 17 0 14 16 2 A sale of Dalgetys also took placo at £ll 2s, but owing to the reduction of the rate of interim dividend and the uncertainty of tho rate of tho final distribution, no accurate return can be given. CHRISTCHURCH EXCHANGE. Com. Bank Aus. . . 1 010 7 4 0 Bank of A'asia, .. 12 5 0 Sll 3 Union Bank (2) .. 11 10 0 6 8 8 Ditto 11 7 6 5 9 10 N.Z. Brewories (2) . 211 7 516 8 Staples' . . . . 2 8 0 5 4 2 Tooth's .. .. 112 0 716 5 British Tobacco .. 1 17 9 6 7 2 Mount Lyell .. .. 16 5 15 2 10 Beath and Co. (odd lot) 1 7 0 7 8 2 The following sales also took place:—Dalgety and Co., £ll 3s, £ll 3s 6d. WELLINGTON EXCHANGE. Coin. Bank Aus. .. 1 010 7 4 0 Bank of N.Z . . 213 0 418 10 Ditto (2) . . . . 217 10 419 0 Nat. Bank of N.Z. . (5 6 0 511 1 Iluddart-Parker .. 1 18 6 5 3 11 D.I.C. (pref.) . ..1 0 3 5 18 0 British Tobacco .. 1 18 0 6 6 4 DUNEDIN EXCHANGE. Mount Lyell .. .. 1 6 10 14 18 1 Tho following eales also took plac§:—Okarito, Is 4d prera.; Kildare, Is. ■-

BUTTER IN LONDON. DEMAND NOW SLACKER. HIGH PRICES CONDEMNED. LONDON. May 4. The demand for butter has not been maintained, the advance in prices having checked operations. According to tho ! newspapei tho Grocer, the advance was brought about by speculators, some of whom were averaging down the cost of high-priced stock and others who- had been caught on short sales. The Grocer adds:—"A review of the situation is again necessary in order to inspire confidence. This can only bo done by sellers meeting buyers in a more friendly way, .for with tho large European make now in sight it would not be wise to foster extravagant prices." NEW CANADIAN DUTY. EFFECT ON .NEW ZEALAND. LONDON, May -1. The Canadian Finance Minister's Budget statement, announcing increased preferences to British goods, has been received with, satisfaction in London. However, it is likely to meet a different reception in Australia and New Zealand, for the Minister announced an increase in all tariff rates on butter, especially mentioning the increase in the duty on Now Zealand butter from 1 cent to 4 cents a lb. In an interview Mr. W. A. lorns, chairman of the New Zealand Dairy Produce Board, said the increase must have a serious effect on .the rapidly growing interchange of commodities between Canada and New Zealand. Ho was strongly of the opinion it would lead to a corresponding incroase in duties on Canadian goods entering New Zealand. With tariff barriers arising in many countries against New Zealand's primary products any retaliatory steps the New Zealand Government might tnko would have the support of tho entire community in - the Dominion.

PRESS DELEGATES' VIEWS. CANADA'S TAX CONDEMNED. (Received May 5, 9.15 p.m.) WINNIPEG. May 1. The Now Zealand delegates to the press conference arrived at Winnipeg to-day, en route to England. They condemned the three cents import tax to be levied on New Zealand butter. Mr. A. E. Manning, editor of the Waikato Times, said he considered the proposal iniquitous and believed it would lead fo reprisals on the part of New Zea-

land. COLONIAL SUGAR CO. THE LATEST BALANCE SHEET. The balance-sheet of the Colonial Sugar Refining Company as at March 51 balances at £14,224,260, an increase during the year of £548,847. Shareholders' funds amount to £9,870,997, an increase during the year of £410,854. This comprises £200,000 added to the reserve fund which, with the further appropriation of £IOO,OOO out of (he profits for tho last half-year, will bo £1,075,000; and £231,275 added to the replacement and depreciation fund, which now totals £2,189,884. Tho balance in the profit and loss account, prior io payment of tho last dividend, was £20,421 less than a year ago Liability to creditors has increased by £115,736 to £1,510,480 Suspense accounts now stand at £3,015,826, an increase during the year of £40,184. Tim valuation of refineries and mills in Australia, New Zealand and Fiji is £6,805,636, an increase of £173,143. Stocks of sugar are shown at £2,473,175, which is £28,615-more than a year ago; materials at factories have declined by £20,763 to £336,914. Sundiy debtors, etc., total £1,813,655, an incYensn of £31,658. Cash balances at £2,628,029 are higher by £338,193. CALL AND DIVIDEND LIST. Dividends— Duo. Colonial Sugar Co.—half-yearly, 12J p.c. p.a Now. Bank of Adelaide—final, 4 p.c. May 7. Waihi Gold Mine—final, Is a share . . . . , , May U. Donaghy Hope—final, fil p.c. . . May 12. Dalgety and Co.—interim, 6 p.o. May 16. Rational Insurance—interim, id a eharo .. May 15. Queeiibland National Bank—interim. 8 p.c, n.a. . May )5. Grey Valley Coal—interim, 3 p.o .. May 21. National Hank of Australasiafilial. hotli issues, Id p.o. p.a May 28. Bank of N.S.W.—quarterly, 2$ p.c May 23. New Zealand Paper Mills—final, "i p.c. p.a May. P. and O. Deferred Stock—interim, 5 p.c., free of English tax May. Callfl— Keliance Loan Coy.—pref., 2a 6d n eharo July 2.