YESTERDAY'S SALES.

New Zealand Herald, Volume LXVII, Issue 20562, 13 May 1930, Page 5

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 th- quoted price. In tho case of Government and other redeemable securities the return includes redemption. The first column gives the figures at which the sales were made:— AUCKLAND EXCHANGE. Return on Sale Price. Investment,. £Bd £ h d War Bonds, 1938, 'll . OS 5 0 4 15 4 Nat. Bank A'asia . . 14 17 0 G 11 S N.Z. Insurance (late rale Sat.) . . . . 2 3 G 4 4 3 Auckland Gas .. 1 310 (J 14 3 Huddart-Parker .. 117 (5 5 G 8 Kauri Timber . . Ul3 0 515 5 The following Bales also took plncc:— Commercial Bank of Australia, new issue, fully paid, 20s'ljd; Mount Lyell, 28q 3d. In tho latter case no return is beinK «iven owiiif; to the reduction in the rate of interim dividend and the uncertainty of the final distribution.

The follow in it sales also took claco:— Oknrito, la Cd prem.; Paddy's Point. 4a. _ The return on Dunlop Rubber shares is baaed upon the reduced interim dividend at the rate of C per cent, per annum.

APPOINTMENT OF DIRECTOR

NEW RANKING CORPORATION

[HT TELEGRAPH. —PRESS ASSOCIATION.] DUNEDIN, Monday.

At a meeting of directors held on Saturday Mr. Percy Reginald Higgins, of Sydney, barristcr-at-law, and chairman of the Standard Portland Cement Company, Ltd., was appointed to the directorate of.the Australian and New Zealand Banking Corporation, Ltd.

PRODUCE IN LONDON.

HIGH COMMISSIONER'S REPORT,

[BY TELEGRAPH. —OWN CORRESPONDENT.] WELLINGTON. Monday.

| The Department of Agriculture has ro- | reived tho following cablegram, dated | May 10, from the High Commissioner for | New Zealand, London:—• I Tallow.—No auction was held this ! week. The spot market is very quiet, and ! quotations arc unchanged. The fruit market is steady. Apples ox the Port Brisbane were practically cleared. Cox's Orange "made 15s to 20s; Jonathan and Delicious. 13s to 15s; Cleopatra, 14s; Dunn's Favourite, 10s to 13s; Adam's Pearmain, lis to 12s; London Pippin, 10.; to lis; Blenheim, Us to los. Pears were in good condition generally. Prices per crate were: Be.urre Bosc and Bcurre Dinl_, 12s to 16s; Winter Cole, 12s to 15s; Vicar of Winkfield, 12s; Beurro Dapiamont, 14s; Cornice, 20s; Packham (over-ripe and yeasty), 9s to 12s. Tho Matakana has arrived, but her fruit have not yet been sold. Hemp.—The Manila market has further declined, with freer offerings and poor inquiry. "J" grade, May-July shipment, was quoted down to £26. but sellers were more reserved at the close, and quoted i£27. The sisal market is easier in sympathy with Manila. MarchMay shipment, fair average quality No. 1, sold down to £3O; April; Juno shipment were offered at the same price at the close, but buyers retired. .No. 2 was offered at £29, good marks nominally 10s more. In the New Zealand market* no interest was shown except at . low prices. A small spot lot Was offered c.i.f. Antwerp, high fair £3O, fair £37, but there* were no buyers. Orders' have been telegraphed to New Zealand for fair at £26 10s.

Wool. —There was a good inquiry for tops, and stocks havo been reduced by the partial stoppage of tho mills, and values are hardening. Present quota* lions arc: 64's, warp, 2s to 2s 6d; average, 2s 4Jd to 2s sd; 56's, Is 9d; 50's, prepared, Is si,d; 40's, Is 4d. Linseed.—The market was quiet and easier during this week. Indian was firm at the cluse. May-June shipment, Calcutta. sold at £lB 17s (id. There wero sellers of Bombay at £l9 ss, Plate £l7 2s Cd.

LONDON DAIRY VALUES.

PRODUCE BOARD'S REPORT

Tho New Zealand Dairy Produce Board has received tho following market report from iis London Office, dated May 9, prices for tho previous week being in parentheses:— Butter. —New Zealand: Salted, 128s to 132s (130s to 1345) (last year, 165s to 168s); exceptional, 1545; unsalted, 138s to 144s (140s to 1435); first whev, 120s (1225); second whey, 118s (120s). Deliveries New Zealand this week, 1050 tons; in store, 10,450 tons. Australian: Salted, 126s to 130s. After quiet, not regular market during week more steady conditions prevail. Argentine: Unsalted, 122s to 126s (124s to 130s). Irish: Salted, 128s to 130s (130s to 1325); unsalted, 134s (134s to 1365). Danish: F. 0.8.. 126s (1295); spot, 130s to 134s (136s to 138s). Dutch: Unsalted, 128s to 130s (132s to 1365). Estonian: 1265. Latvian: 124s to 1255. Siberian: 124s (128s to 130s). Polish: 120s. Market quiet. Retail prices unchanged. Cheese.—New Zealand : While, to 83s up to 84s (82s to 04s) (last year, 85s in 86s) ; coloured, o7s to 88s (87s to 88s) (last year, 87s to 88s). Deliveries Now Zealand this week, 20,000 crates; in store, 130,000 crnl.es. Australian: White, 81s to 82s (01s to 82s); coloured, 85s to 86s (85s to 86s). Canadian: White, 98s to 100s (97s to 100s); coloured, 98s (97s to 98s). Deliveries Canadian, 1400 boxes; in store, 99,000 boxes. Market quiet. New Zealand retail price increased to lid. Tho Empire Marketing Board's estimated stocks of all butters in store, at May 3 is 852,557 boxes.

Amalgamated Dairies, Limited, has roeeived I lie following cablegram from its London house, dated May 10:—Butter: Finest, ,1345. "Market, opened firmer on Friday, weakening later under "bearish" pressure and general lack of inquiry. Closed steady. Danish, 130s to 134s spot, closing rather firmer; 1265.f.0.b. Retail: Danish reduced to Is 4d, the same as New Zealand. Cheese: Generally, white, 83s; coloured, 87s; occasional sales Is less. Market quiot. Retail unchanged.

CHRISTCHURCH EXCHANGE. Com. Bk. of Ana. . . 1 0 G 7 G 4 J)il(o 1 0 8 7 5 2 E.S. and A. Bank . . 6 3 0 6 1 11 Ditto 6 2 0 6 2 11 Bnnlc of A'nsia, , . 12 5 0 5 14 3 Bunk of N.Z. 2 17 6 4 19 8 N.Z. Insurance 2 3 3 4 4' 9 Chriatcliurch Gas (10a paid) 0 13 o G 1 G Iluddart-Parker 1 17 G 5 G S Ditto . . 1 17 li 5 7 9 N.Z. Breweries (4) . 2 11 9 5 15 11 Ditto 2 12 3 5 14 10 United Building . . o lii 6 7 8 2 Dunlop Rubber 0 15 0 R 0 0 Tho following sales also took place:— Commercial Bank of \astralia, 20s 7cl (3); R.S. and A. Bank, £6 2s Gd (2): Mount Lyell, 27s (>d (3), 27n ] Id. WELLINGTON EXCHANGE Christclnuch Trams, 1911. 5A 97 10 0 5 15 4 Nat. Bank A'asia . . 11 16 0 6 15 2 Bank of N.Z. (2) . . 2 17 9 4 19 3 British Tobacco 1 1G 9 6 10 7 Colonial Sugar . . 40 30 0 G 3 5 Dunlop Rubber (2) . 0 15 3 7 17 4 N.Z. Breweries (3) . 2 12 0 5 15 4 DUNEDIN EXCHANGE, Bank of N.Z. (3) . . 2 17 6 4 19 8 N.Z. Express (pref.) . 0 IS 3 G 0 7