SATURDAY'S SALES.

New Zealand Herald, Volume LXVII, Issue 20597, 23 June 1930, Page 5

SATURDAY'S SALES.

BUSINESS ON EXCHANGES. RETURN ON INVESTMENTS. Following is a list of Saturday Is trass- i actions on New Zealand Stock Exchanges. Id the second column is given the return, based on the last dividend, from invest rnent at the quoted price. Tn the 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. £sd £ s d Bank of N.S.w. .. 33 5 0 5 4 ; South British .. 3 0 0 4 6 1 Kauri Timber .. 0 110 o - 2 WELLINGTON EXCHANGE. E.S. and A. Bank .. 50 6 Gi S Bank cf N.S.W. .'. 36 5 0 o -1 7 N.Z. Breweries .. 210 0 60 0 CHRISTCHURCH EXCHANGE. Ans. Bar.h Com. (2) . 14 3 315 5 Com.. Bunk Ans. .. 113 61' -J Union Bank . . 11 12 6 5 i 6 Bank of Adelaide . . 7 0 0 8 7 Australian Glass . . 2 0 6 9 „ Colonial Sugar .. 42 5 0 5x5 <j The following sales also took place:Mo ant Lyell. 27s 4d (3). 27s sd. ,27s 3d; Okarito. M lOd (2). return is given for Mount Lyeils owing to the reduction in tue rate of the interim dividend and tho uncertainty of the final distribution. DUNEDIN EXCHANGE. G.M, -. 0 13 3 It 10 11 THE LONDON MARKETS. FROZEN MEAT* fßeceived June 22, 5.5 p.m.) LONDON, June 2L The weekly quotations for the undermentioned classes of frozen meat are based cn actual sa..es of wholesale quantities of carcases of mutton or lamb, or of quarters of beef delivered to Smithfield market and/or ex London stores. They ara compiled by the Quotations Committee, Smithfield.To arrive at the equivalent ex ship values one farthing per pound should be deducted from the prices quoted below. Quotations given represent ths average for the week and are not selected lines, but for parcels fairly representative cf the balk of the shipments now on offer. New Zealand Sheep.—Canterbury and North Island selected crossbred wethers and maiden ewes, 571b. to 641b., 4fd; North Island, 571b. to 641b., 4 5-Sd; 651b. to 721b.. 47d"; ewes. 551b. to 641b., 3d; 651b. to -721b., 2?a. Australian Sheep.—Crossbred* and .'or Merino wethers, ewes, 301b. to 551b., ssd. Argentine Sheep.—First quality crossbred wethers, 461b to 641b., 4|d. New Zealand Lambs.—Canterbury, 561b. anu under, 9d; second quality, average, •331b., Sd; other South Island brands, 561b. and under, 8 7-6 d: 451b. to 501b., Sid; selected North Island brands, second quality, average 31ib., S 5-Sd : other North Island brands, first quality, 561b. and under. B|d; second duality, average s lib., El-fid. Australian Lambs.—Victorian, second quality, 361b. and under, 7|d; other States, second quality, 361b. and tinder, 7d; ail States, third quality. 561b. and under, 7£d. Argentine Lambs.—First quality, 361b. and tinder, 7 l-8d: 451b. to 501b., 6d. Argentine Chilled Beef. —Ox fores, 1601b. to 22011., s|d; ox hinds, 1601b. to 2201b., 7i<L New Zealand Pigs.—First quality, 601b. to 1001b., 7id; others unchanged. COTTON, RUBBER, JUTE, ETC. (Last week's prices in parentheses.) Cotton.—July delivery, 7.32 d (7.46 d» per lb. Rubber.—Para, 7jd (7jd) per lb.; plantation and smoked, 6 1-Sd (6 13-lcdS per lb. Jute.—Juno-Jaly shipments, £22 7s 6d (£22 12s 6d) per ton. Copra.—July shipments. South Sea. £l7 12s 6d (£l3 10s} per ton; plantation, Rabaul, £l7 15s (£lB 15s) per t-on. Linseed Oil. —£43 (£44) per ton. Turpentine.—s3s 6d (40s 3d) per cwt. DUTY ON MAIZE. GROWERS SEEK CONTINUANCE [BX TELEGHAPH. —PB.ES3 ASSOCL4.TIOS. ] GIS BORNE. Saturaay. At a largely-attended meeting cf maize growers in the Poverty Bay district it was decided to protest against the proposal to lift the duty cn maize. The meetin;: also recommended that a committee be set up to co-operate -with the Farmers' Union and other grain growers in New Zealand in matting representation to Parliament on the matter. The dangers of the introduction of maiie weevil were stressed by lb. W. D. Lysnar, M.P., who contended that other, industries were being protected, and maize growers were equally entitled to protection. PRODUCE IN DUNEDIN. LITTLE BUSINESS IN WHEAT. [BT TEIXCE.AFK OWN' COSEESrOKTWEXT.] DUNEDIN. Saturday. There are one or two buyers for milling wheat, but as brokers are not able to" oiler lir.es of either free or pool wheat there is little business passing. Tho majority of millers, however, have Sufficient 'wheat to carry them on, their supplies having been bought forward earlier in the season. Prices for June trre 6s 4d. f.0.h.. for Tuscan, sacks extra, and 6s fed for Hunters and velvet. These price are equivalent to 5s 9d, sacks extra, on trucks, country sidings, and 5s lid for Hunters and velvet. The fowl wheat market is firmer, but the distributing business is not so buoyant as in previous years. It is now difficult to secure fowl wheat at the price ruling, this being equivalent to 6s a bushel, sacks extra, cn truck Dunedin. The oats market is quiet Snd there is a weaker tendency throughout the South Island. A's were yesterday offering at 5s lid, f.o.h. s.L. and B's at 5s 9d. Even at these prices little interest was Leing disolaved in the market- The bulk of the oats are now in merchants' hands, there being practically no offerings from farmers. The prices named above are equivalent to 3s 2d, sacks extra, on trucks country sidings, for A's, and 3s for B's. The local potato market is slightly firmer following on the better position in Canterbury. There is still a fair quantity | held in local stores and the value j for best quality 's £5 a ton, sacks included. The shipping price from Canterbury is £4 17s 6d. to.b., s.i., which price is equivalent to £5 ex truck here. The chaff market has developed into a local one. Supplies are ccming in slowly, but thev are about equal to the demand. Best quality can be quoted at £35 10s a ton. sacks extra, ex truck Dunedin. There is a, better demand for medium and poor quality Little business is being done in seeds. Some merchants are looking for stocks of ryegrass for the spring trado and as there is a shortness of this variety of seed th« market continues, firm _ For other lines there is not much business parsing ar.d it is not eipetted that there will be a revival of business until toward the spring.