YESTERDAY'S SALES.

New Zealand Herald, Volume LXVII, Issue 20596, 21 June 1930, Page 9

YESTERDAY'S SALES.

BUSINESS ON EXCHANGES. RETURN ON INVESTMENTS. Following is a list of yesterday's transactions oil New Zealand Stock Exchanges. In t-lio second column is given the return, based on tho last dividend, from investment at the quoted price. In the case of Government and oilier redeemable securities the rbturu includes redemption. The first column givos tho . figures at which the sales were made: — AUCKLAND EXCHANGE.

Tho following sales also took place:—New Zealand Fanners' Co-operative, 10:t9, f>i per cent., £SO; Mount Lyell, 27s 3d (2), 27s Gd. DUNEDIN EXCHANGE. Bank of N.Z. .. 2 19 3 4 1G 9 The following salo also took placo:— Howard Smith, 20s. REVIEW or TIIE WEEK. BANK SHARES EASIER. FLUCTUATION IN VALUES.

With tho exception of gilt-edged securities and a number of the soundest New Zealand concerns, the past week has been one of falling values on tho Auckland Stock Exchange. In Government investments dealings wero confined to Inscribed Stock, at firmer values. The 4£ per cents., maturing in 1938, which sold as low as £97 10s in April, regained tho February lovel of £99 5s in two transactions. Tho 5A per cents., 1933, rose 2s 6d to £99 ss, and thoso maturing in 1936 were unchanged at that figure. A gain of 7s 6d to £9B 7s 6d was shown by Inscribed Stoc'k, 1933, 5£ per cent. Tho only local body debentures, dealt in were Auckland Harbour Boards, 1941, 6 per cent., at £lO3 10s, and Tamaki Road Boards, 1962, 6 per cent., which brought £lO2 10s, and the 5| per cent., 1963 issue, which sold at £IOO.

Banks 'fluctuated considerably during tlio week, with values generally easier at tho close. Commercials of Australia fell 8(1 to 21s sd, and buyers were offering 21s 3d yesterday. New South Wales, which sold last week at £4O 2s 6d, came down to £3B 7s 6d. New Zealands had sale 9d easier at 59s 3d before paymont of tho dividend. Nationals of New Zealand were deno at £6 10s last! Saturday, and offers yesterday were 5s below that figure. Unions fell from £l2 2s 6d to £ll 13s. Australasias, Australians of Commerce and Nationals of Australasia all showed an easing in comparison with recent sales on the Southern Exchanges. Insuranco shares wero firm. New Zealands wero done at 47s 3d yesterday. South British made threo sales during the week, unchanged at - 60s. ,Loan and agency investments were practically neglected. Tho only deal took place in Loan and Mercantiles at £95. Increased interest was shown in Taupiri Coals, which had sale with a riso of 6d at 265, and remained in demand at that figure. Renowns sold yesterday at 14s. Shipping shares wero in fair demand, and dealings took place in Dovonports, Hud-dart-Parkers and Northerns, the lastnamed appreciating 2d to 14s Bd, the best price this year. New Zealand Breweries eased slightly, and wore available yesterday at 51s. A modora,to volumo of business was dono in tho miscellaneous group. Wilsons Cements wero dono 3d firmer at 45s 6d. Colonial Sugars had sale unchanged at £42 10s, but eased 5s in further sale. In mines Mount Lyells fell to 275, which is Is 6d below last week's price* but showed some recovery yesterday, a sale being niado at 27s 6d. Waihis also had sale, easing Id in each of two transactions. FROZEN MEAT MARKET. LONDON RATES UNCHANGED. Palgety and Company, Limited, has received tho following cablegram from its London house, dated Juno 19, regarding (ho frozen meat market:— New Zealand Lamb.—Prime Canterbury, 281b. to 361b., 9d; prime North Island, 281b. to 361b., prime Canterbury, 361b. to 421b., B^,d; prime North Island, 361b. to 421b., 8d; primo Canterbury, 421b. to 501b., 8d: primo North Island, 421b. to 501b., 7Ad. Tho market, for New Zealand lamb is unchanged. Tho demand is fair. New Zealand Mutton.—-Primo Canterbury, 481b. to 561b., s<l; primo North Island, 481b. to 5611)., 4;] d; prime Canterbury, 561b. to 641b., 4.', d; prime North Island, 561b. to 641b., 4jd; Canterbury, 641b. to 721b., 4d; primo North Island, 641b. to 721b., 3;jd. Tho market for Now Zealand mutton is unchanged. Tho domain! is moderate. Australian Mutton.—General average quality, 401b. to 601b.. 3 l-8d; fair averago quality, 3511). to 551b., 3d. Tho market- for Australian mutton is unchanged. Tho demand is poor. Beef.—New Zealand primo ox benf binds, 5Jd, fores, 4.\d; Argentine chilled hinds, 6d, fores, 3J,d. Tho market for New Zealand beof is nominal. Pork. —English, 801b. to IOOIh., 9d ■ Now Zealand porkers, 801b. to 1001b., 7]d; 1001b. to 1201b., The market for Now Zoaland pork is weaker. Tho demand nil. Lambs.—Seconds, under 301b., 8d; over, 7|d. Ewes, Now Zealand, light, 3 3-8 d; heavy, 2^d. MELBOURNE PRODUCE. MELBOURNE. Juno 20. Tlio following are to-day's quotations on tho Melbourno produco market:— Wheat. —4s sd. Flour.—£ll to £ll ss. Bran and Pollard.—£B Oats.—-3s 6d to 3s 7d. Barley.—English, 3s 6d to 3s Bd. Maizo.—6s to 6s 3d. CHICAGO WHEAT MARKET. CHICAGO. June 19. Wheat.—July, cents per bushel; September, 99 3-8 cents; December, 1 dollar 4 cents.,

Return on s ale Price. Investment. £ B <1 £ s <1 Inscr. Stic., 1938, 41 99 5 0 4 12 3 'l'ainnki Koud Board, 0 15X13. 51 .. .. 100 0 0 5 15 Bank Australasia •••••. 12 11 0 5 11 G Com. Bank A us. r.v. 1 1 !) fi 17 9 N'a.l. Bank A'sin. .. 15 G (3 0 10 G N.Z. Insurance .j 2 7 3 3 17 7 Jienown Collieries .• 0 It 0 — British Tobacco . .i Colonial Sugar, late 1 19 0 G 1 G 5 17 sale Thursday 42 10 0 8 Colonial Sugar 42 5 0 5 18 3 The following saleB also look place :— Mount Lycll, 27a (two lots), 27a Gtl. No return is given, owing to the reduction in tho rate of interim dividend and the uncertainty ol tho final distribution. WELLINGTON EXCHANGE. Tnsor. Stk,, '38, 4J (It) 99 5 0 4 12 3 War Bonds, 1938, 41 99 10 0 4 11 0 Com. Bank Aus. 1 1 10 <> 17 5 Union Bank . . 11 13 0 5, 7 4 Goldsbrough-Mort 110 11 6 9 4 Hu.ddart-Parker (pref.) 0 19 9 « 1 3 British Tobacco . . 1 19 11 6 2 8 Colonial Sugar 42 10 0 r, 17 8 Wg'ton. Invest. Trust 0 11 0 6 18 2 The following salo also took place:— Mount Lyell, 27s 4d. CHRISTCHURCH EXCHANGE. Aus. Bank Com. 1 4 3 5 15 5 Nat. Bk. A'sia, £5 pd. 7 9 0 G 14 o Union Bank 11 13 0 5 7 4 United Building .. 0 14 1L (i 14 0 Staples Brewery 2 7 G 5 5 3 British Tobacco .. 1 19 0 fi 0 9 Timaru Brew'y., 5s pd. 0 6 0 8 6 8 Colonial' Sugar 42 2 fi 5 18 8 N.Z. Breweries 2 10 0 6 18 3