YESTERDAY'S SALES.

New Zealand Herald, Volume LXVII, Issue 20563, 14 May 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 tlio second column is given the return, based on the last dividend, from investment at the quoted price. In tho caso of Government and other redeemable securities tho return includes redemption. Tho first column gives the figures at which tho sales were made: — AUCKLAND EXCHANGE.

TRADE OF BRITAIN. RETURNS FOR APRIL. DECREASES ALL ROUND. LONDON. May 12. The overseas trado returns for April are the worst for several years. The value of imports was £83,992,000, which is £9,498,000 less than in March, and £20,206,000 less than in April last year. The value of exports was £46,861,000, which is £7,084,000 less than in March, and £13,382,000 less than in April last year. Tho principal decreases compared with April, 1929, were:— Imports: Grain and flour, £3,186,000; food and drink, non-dutiable, £2,363,000, dutiable, £1,055,000; raw cotton, £3.109,000; raw wool, £4,602,000; oil seeds, £1,077,000. Exports: Iron and steel manufactures, £1,023,000; cotton yarns and manufactures, £4,248,000. Re-exports: Raw wool, £1,140,000. Following is a comparison pf the returns for tho first four months of this year and last year:—■ 1929 1930. Imports . . £410,152i000 £307.990,000 Exports . . 2)1,.110,(XX) 210.99t.000 He-exports . . 40,472,000 33,710,000 Total exports £281,882.000 £2-14,710,000 Tho apparent adverse balance of trade is £123.280,000, compared with £138,270.000 last year. THE LONDON MARKETS. PRICES FOR METALS. COPPER'S SPECTACULAR RISE. (lieceivcd Hay 33, 9.55 p.m.) LONDON, May 12. (Quotations on May 8 in parentheses.) Copper.—Spot, £55 13s 9d (£50); three months, £54 13s 9d (£49 18s 9d). Electrolytic Copper.—Spot, £SB 10s (£57); three months. £6O 10s (£59). Wire Bars.— £6O 10s (£59). Lead.—Spot, £lB 17s 6d (£l7 10s); three months, £lB 7s 6d (£l7 lis 3d). Spelter. —Spot, £l7 12s Gd (£l6 8s 9d); three months, £lB 5s (£l7 2s 6d). Tin.—Spot, £145 10s (£145 12s 6d); three months, £147 6s 3d (£147 6s 3d). Silver. —Standard, 19.'jd (lGjd) per oz.; lino, 20 13-16 d (21 l-16d). The advances in tlic prices of copper were the most spectacular movements recorded for a long time. Tho rises ranged from 30s a ton to £4 7s 6d. Tho latter was for standard copper for forward delivery. WANGANUI APPLES. EXPORTS FOR FIRST TIME. For the first time in its history Wanganui is this year exporting apples, all from orchards on the Wanganui River. About 2500 cases of apples from three liver orchards are being sent away. Some are going to Germany, some, to Belgium, and others to Great Britain and South America. Tho orchards arc about 10 miles up tho river, and tho fruit is taken down by tho river steamers to Wanganui and sent by rail to Wellington. So far, 500 cases liavo been despatched. The industry is a new ono for.Wanganui, and already several other river orchardists have signified the'r intention of exporting next season. Tho chief varieties are Dunns, Delicious, Jonathans and Granny Smith. BRADFORD TOPS. LONDON, May 12. Bradford is awaiting the opening of tho London wool sales with confidence. Prices of tops are firm. STRIKE AFFECTS FUTURE. (Received May 13. 7.45 p.m.) Times Cable. LONDON, May 13. Tho strike at Bradford is endangering next season's trade, owing to the inability of manufacturers to produce patterns. Tho fact that foreigners arc availing themselves of the opportunity to capture business is regarded as a reason for their activity in tho Australian and other wool markets, with tho result that tops for forward delivery are quoted approximately at the following prices:—Sixty-four's, warp, 29>,d, average 28jd; fifties, 22J,d; forty-sixes,* 18d; forties, 15.U1. LONDON WHEAT MARKET. LONDON. May 12. Wheat.—Cargoes show lit 110 change and buyers arc reserved. Parcels are in small request but tending to be easier. Futures—London: May, 35s lOd per quarter; July, 35s lid. Liverpool: May, 7s 7i]d per cental; July, 7s B£d net; October, 7s lOd net. CHIC AG O Q UOTATIONS. CHICAGO, May 12. Wheat.—May, 1 dollar 3g cents per bushel; July, 1 dollar, 4§ cents; September, 1 dollar 7£ cents; December, 1 dollar cents.

Return on Salo Price. Investment. £ 8 d £ b d "Williamson's Films, 104a, 7i .. . . 100 0 0 7 10 0 Bank of Australasia 12 6 0 5 13 9 Com. Bank of Aub. 1 1 4i 7 0 4 F/.S. and A. Bank . G 2 0 G 2 11 N.Z. Insuranco . . 2 .'! 11 4 4 3 Auckland Gas (con.) 0 17 0 G 17 2 British Tobacco . . 1 18 (1 G 4.8 H.M. Arcade (pref.) 1 1 0 G 3 9 Kempthorne-Prosser 3 3 0 G 5 6 The following sale also look place:— Commercial Bank of Australia, new issue, fully paid, 20s Gd. CHRISTCHURCH EXCHANGE. Takapuna Bor., '64, 5i 100 0 0 5 5 0 Bank of N.Z. .. 2 17 9 4 19 3 Ditto . . . . 2 18 0 4 18 10 Kat. Bank of N.Z. (5 5 G 5 11 7 Union Bank (2) .. 11 7 0 5 10 1 F/.S. and A. Bank (2) 6 2 0 G 2 11 Nat. Bk. A'sia. (con.) 7 9 0 6 14 2 N.Z. Insurance (2) . 2 3 G 4 4 3 Christchurch Gas (10s paid) . . 0 13 0 BIG N.Z. Breweries (2) . . 2 12 3 5 14 10 Ditto • • . . 2 12 0 5'15 4 Dunlop Rubber .. 0 15 0 8 0 0 The following sales also took place:— N.Z. Breweries, C2n 2d; Mount Lyell, 26s U'i). 28s 3d. la tlio latter i ease no return is given owing to tiio reduction in the rate of interim dividend and the uncertainty of the final distribution. WELLINGTON EXCHANGE. Ins. Stk., 1041, 5} (2) 9G 0 0 5 16 7 Nat. Bonk of N.Z. C ti 0 5 11 1 Bank of N.Z. . . 2 18 0 4 18 10 Wgtn. Meat Export 0 7 ti — N.Z. Breweries (2) . 2 12 6 5 )4 3 Wgtn. Dep. and Mort. 0 9 6 7 7 4 DUNEDIN EXCHANGE. Bank of N.Z. (lato salo Monday) . . 2 .17 6 4 19 8 A r .Z. Insuranco .. 2 3 G 4 4 3 The following sales also took place:— Mount Lyell, 2Ss 6d (5), iiSs Id: Paddy's Point, 4e.