YESTERDAY'S SALES.

New Zealand Herald, Volume LXVII, Issue 20595, 20 June 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 tho second column is given the return, based on the last dividend, from investment at the quoted price. In the case of Government and other redeemable securities tho return includes redemption. Tho first column gives tho figures at which tho sales were made:— j

Tho following sales also took place:— Dalgety mid Company, £11; Mornt Lyell, 27a 7d, 28s (2): Okarilo (paid). Ss Gd; Mahakipawa, Id (5). No return ia given in tho cafie of Dalgety and Company because of tho uncertainty of tho final distribution. DUNEDIN EXCHANGE. Bank of N.S.W. .. 88 15 0 5 3 3 Westport Coal . . . 110 G Gll 2 The following sales also took placerMount Lyell, 2Ss: Okarito (paid), 8s 7d, 8s 5d (1), 8s Gd (2). ANGORA WOOL. MARKET FOR OUTPUT. "QUITE SATISFACTORY PRICES." Tho New Zealand Fur Board has arranged a market for all the Angora wool output of its members, according to! an announcement >mado by the organiser, Mr. Arthur Sainsbury, yesterday. Tho following are the approximate prices for delivery in England and buyers' grading:—First grade, 30s a lb.; second grade, 25s a lb.; third grade, 12s a lb.; fourth grade, 5s a lb. Tho grading qualities are:—First, plucked, oin. staple j second, shorn 3in.; third, shorn shorter wool; fourth, clean •cottcd and matted wool. TUSCAN WHEAT. THEORY AS TO ORIGIN. [BY TEI.EOTIArrr.—OWN coruespokdknt.] CHRISTCHURCH, Thursday. Tho origin of Tuscan wheat, which is ono of tho sorts most favoured by Canterbury growers and millers, has been something of a mystery. A probable solution of the mystery was given to the .executive of tho Wheat Research Institute by tho director, Dr. F. W. Ililgendorf, who stated that it was probablo that it had come from Portugal. In his report Dr. Ililgendorf stated that tho collection of foreign wheats,, numbering about 1100, had proved of interest, in that somo of the wheats from Portugal displayed close affinity wij.h New Zealand solid straw Tuscan. From tho commonness of macaroni wheats in tho Mediterranean, and from certain features of Tuscan, it was just possible that the New Zealand wheat was descended from a cross between a bread wheat and a macaroni wheat, and that other crosses of tbo same nature, but better quality, might exist in tho same area. Further importations from Portugal would bo made Dr. Ililgendorf added to-day that last season ICO samples of wheat had been obtained from Spain and Portugal, and quite a number of these gave evidence of Tuscan. There wero two kinds of wheat. One, the macaroni kind, was grown along tho Mediterranean. This wheat had too much protein to permit bread to bo made, and could only be used for making macaroni. Tho other kind of wheat was used for making bread. Tho probability was that solid straw Tuscan was a cross of these two kinds of wheat, for tho two kinds wero only grown in Spain and Portugal. In other countries only ono kind or tho other of wheat was grown. This theory probably accounted for the difficulty which had been experienced in crossing solid straw Tuscan. Ho thought that this investigation was a hopeful piece of work. CHICAGO WHEAT MARKET. CHICAGO, June 19 .Wheat.—July. 96 5-8 cents a bushel; September, 99 3-8 cents j December, 1 dollar 4 cwits. TALLOW MARKET. Dalgety and Company, Limited, has received tho following cablegram from its London house, dated Juno 18:—Tallow: Prices are 2s less. Mutton, fine 345; mixed, good, 30s 6d; inferior, 275. CALL AND DIVIDEND LIST. Dividends— Due, Reliance Loan Co.—final; ord., 5 p.c.; pref., 4 p.e Now. mil nnd Pluiumer—final, 8 p.c. p.a. Nov.'. Bank of N.Z.-—final and bonus, 11 1-3 p.o. p.a Juno 21. Mount Lyell—intorim, 5 p.c. .. June 23. Southern Crosn Building Society —annual, 0} p.o Juno 23. Australian Glass—final, ord., 5 p.c.: bonus, 21 p.e.; pref., final, 4) p.c Juno 25. Farmers' Trading—ord., 10 p.o. p.a. Juno 26. Goldsbrough, Mort and Co., Ltd.— final, 10 p.c. p.a Juno 27. Loan and Mercantile—interim, ord,, 2 p.c.; 5 p.o. pref., 21 p.c.; 05 p.e. prof., 3} p.o. . o'ano 30. Morris-Iledstrom—final, 4 p.c. . Juno 30. British Tobacco—intorim, 3 p.o. Jnno 30. N.Z. and Kivor Plata Land Mortgage Co., Ltd.—interim, 41 p.c. July 1. Calls— Ivuramii Gold Mining Co.—Jd a share J» n ® 25. Reliance Loan Co.—prof., 2s Gd u. sharo 2 -

AUCKLAND EXCHANGE. Return on Sals Price. Investment. £ B d £ b d Ins. Stock, J£>33, 5J 03 7 G 5 10 11 Ditto, 1033, 51 00 C 0 C 15 8 Ditto, 103(5, Gi (lalo buIo Wednesday) 00 fi 0 C 33 0 Com. Bank Aim. 1 2 0 G 1G 4 Ditto (lato salo Wed.' 1 2 0 0 10 4 Bank of N.S.W. 38 10 0 r> 3 10 Ditto 38 7 0 5 4 1 Bank of N.Z. 2 10 (•) 4 10 4 Ditto 2 10 U 4 10 0 Union Bank 11 1G 0 5 f> 11 Ditto 11 13 0 r> 7 \ Auckland Gnu (coll.) 0 IS G li 0 9 N.Z. Breweries 2 11 0 5 ]7 8 Electro. Zinc (prof.) I 5 0 0 12 0 Farmers' Trading 0 !» 0 8 17 9 N.Z. Farm. Fort. , 1 0 G 7 10 1 Tnranaki Oil 0 2 1 — Wilsons Cement 2 5 G 5 9 11 Waihi 0 13 7 14 11 3 The following fililo also took place :—Mount Lyell, 27a 7d. No return is siven owinc to the reduction in the rate of interim dmdend and the uncertainty o; the inal distribution. WELLINGTON EXCHANGE. Nat. Bk. of A'sia .. 7 10 0 C, 13 4 Bank of N.Z. (2) . . 2 10 0 4 15 11 Ditto (2) 2 10 8 •1 10 1 Bank of N.S.W (Sydney regiBtei) 38 13 0 r. s s Electro. Ziuo (prel.) 1 4 101 9 12 11 Ditto 1 -1 9 ft 13 11 Coloniul Sucar 42 10 0 5 17 8 The following salo also took place:—Mount Lyell, 27s. CHRISTCHURCH EXCHANGE. Ins. Stock, 1038, 41 . 08 17 6 4 13 4 Com. Bank Aufl. (4) . X 1 11 G 1G 10 E.S. rind A. Bank . fi 0 G 0 1 8 Nat. Bk. A'sia (con.) 7 8 G G 14 8 Bank of N.S.W, .. 38 12 0 , r ) 3 7 Bank N.Z. (cum div.) 2 10 5 4 1« 7 Union Bank 11 10 0 5 5 11 1 Goldsbrough-tMort (cum G 10 1 div.) 1 10 9 Ditto . . . 1 10 a G 10 5 N.Z. Breweries 2 11 0 5 17 8 Amal. Wireless (con.) (2) 1 0 7 5 8 10 British Tobacco (cum div.) (6) 1 10 0 fi 3 1 Ditto 1 18 9 G 3 11 Colonial Sugar 42 2 6 5 18 8