SATURDAY'S SALES.

New Zealand Herald, Volume LXVII, Issue 20603, 30 June 1930, Page 5

SATURDAY'S SALES.

BUSINESS ON EXCHANGES. RETURN ON INVESTMENTS. Following is a list of Saturday's transactions on New Zealand Stock Exchanges. In the second column is given the return, based on tho last dividend, from investment at the quoted price. In the case of Government and other redeemable securities the return includes redemption. The first column gives the figures at which tho sales were made:—

BUTTER AND CHEESE PRICES. TEE DAIRY BOARD'S REPORT.

The New Zealand Dairy Produce Board has received the following market report from its London office dated June 27, prices for the previous week being given in parentheses: — Butter.—New Zealand: Salted. 155s to 138s per cwt (133s to 1365); unsalted, 146s to 150s (144s to 1465); first whey. 128s (1245); second whey, 126s (1225). Deliveries New Zealand this week, 1050 tons. In storo New Zealand this week, 11,000 tons. Australian: Salted, 132s to 1355, ex. 126s (130s to 1325); unsalted, 132s to 134s '(l3os to 1325). Argentine: Unsalted, 124s to 130s (120s to 130s). Irish cream: Salted, 136s (1325); unsalted, 140s (1365). Danish: F.0.b., 140s (1355); spot, 146s (138s to 1425). Dutch: Unsalted, 146s to 148s. (130s to 140s). Siberian, 130s to 132s (1265); Ukranian, 1325; Polish, 108s to 126s (106s to 120s). French, baskets, salted, 138s to 140s. Market firm. New Zealand retail price increased to Is 5d last Monday. _ Expected that Danish retail price will be increased to Is 6d next Monday. Cheese.—New Zealand: White, 75s to 77s (78s to 795); coloured, 82s to 84s (84s to 85s). Deliveries New Zealand this week, 21,000 crates; in store, 143,265 crates. Australian: White, 75s (77s to 783); coloured, 82s (83s). Canadian: White and coloured, 82s (80s); c.i.f., 795. Deliveries Canadian, 2874 boxes; in storo, 101,165 boxes. Market slow. Retail prices unchanged. English finest farmers, 86s (865).: The board has also received the following advice from its agents in Canada: — Butter: New York, 33 cents (Is 4£d); Montreal, 27 cents (Is l^d). Newton King, Limited, has received the following cablegram from its London principals, R. and W. Davidson, Limited, dated Juno 27:—Butter: Tho market is quiet. Salted, 135s to 1375; unsalted, 146s to 150s. Wheys, firsts, 128s; seconds, 1265. Cheese: The market 13 slow. Coloured, 82s to 84s; white, 75s to 775. A. H. Turnbull and Company, Limited, has received the following cablegram from its London house, dated Juno 27:—Butter: New Zealand, salted, 135s to 138s; unsalted, 146s to 150s; Danish, 1465. The market is firm. Cheese: New Zealand, white, 75s to 775; coloured, 82s to 84s. The market is slow. Canadian white and coloured, 82s. PRODUCE IN OTAGO. POTATO MARKET FIRMER. [BY TELEGn.vrH. —OWN CORRESPONDENT.] DUNEDIN, Saturday.

The wheat market has developed into a peculiar position, as although prices are high compared with overseas markets millers now find it difficult to buy Tuscan, stocks of which are short. There is plenty of Hunter's and Velvet wheat available but millers have ample stocks of these varieties. Tho fowl wheat market remains firm. Tho inquiry is not very heavy. Stocks are short for this time of the year. Maize is quoted about 5s 4d a bushel, a lower prico than that ruling for fowl wheat. The oats market continues to drag and there is not much inquiry from any quarter. A grade is quoted nominally at 3s lid, f.0.b., s.i., and B grade at 3s 9d. bales, however, have been made of A Gartons down to 3s 9Ad and B grade ut 3s 8(1. Stocks aro mostly held in stores and there have been no offerings from growers for some time. Present values aro equivalent to 3s 2d, sacks extra, on trucks country sidings, for A grade and 3s for B grade. Supplies of chaff are about equal to the demand, which is not heavy. Little shipping business is going through and reports from Auckland state that merchants there have made fairly heavy commitments from Tasmania. This chaff can be landed in Auckland at about £8 per ton, which ie fully 10s below what is being asked for shipment from Canterbury. Tho value of tho best quality chaff on the local market is £5 10s per ton, sacks oxtra, ox truck, Dunedin. Following on the firming in Canterbury the local potato market has a better tone. Stocks in stores are not heavy and merchants arc drawing their supplies from Canterbury. Practically no business is passing in any lines of seeds. This is ono of the dead months for trade in seeds and merchants aro simply marking time. NEW ZEALAND OPOSSUM SKINS. COMPLAINT FROM LONDON. Tho following is an extract from a letter received by a Dunedin firm from a London house: — " Wo regret to inform you that there havo been a number of complaints regarding New Zealand opossum skins during tho past season, and wo think it is worth while cautioning the trade generally about it, with a view, possibly, to the damage complained of being mininised, if not prevented in future. A good many shipments contain a considerable quantity of burnt skins—owing, presumably, to tho skins having been dried in. tho suir for too long a time—tho full number of which can only be found out when dressing tho goods. Such burnt skins have no value whatever, and, as buyers must bo afraid of finding such skins among any lot, and in material quantities, tho conscquenco is that even lots which do not contain damaged skins cannot be appreciated at tho full value one would pay for these skins if one could rely upon their being free of those burnt skins." Mr J. O'Brien, custodian of tho Government. Buildings-in Christchurch. who stamps all skins sent from North Canterbury, stated last week thai the complaint was due probably to tho fact that some skins wero dried before (he fire. " Tho skins have to bo dried naturally by tho air and tho sun," ho said. "If they are dried before the fire, when they are tanned they aro hard and apt to crack instead of being easily fioxiblo. There may bo some cases where the skins are left too long in tho suu, but the main trouble is the drying by fires.'.' He added that the bulk of tho skins from North Canterbury wero dried naturally.

AUCKLAND EXCHANGE Return on Sale Price. Investment. £ s d £ a d N.Z. Insurance 2 7 0 3 18 0 Pom. Invent. &; Banking 1 0 0 7 0 0 Waihi G.M. 0 14 3 11 0 8 WELLINGTON EXCHANGE. Bank of N.Z. 2 17 0 •1 19 3 Ditto' . . • ■ 2 17 10 4 19 0 CHRISTCHURCH EXCHANGE. Com. Bank Aub. (2) . 1 1 2 7 1 9 Bank of N.S.W. 38 S 0 5 4 1 E.S. and A. Bank .. 0 0 6 G 4 8 Ditto GOO G 5 0 British Tobacco (2) .. 1 19 1 (! 2 10 Punlop Perdriau 0 13 G 8 17 9 Electro, Zinc (pref.) (2) 1 5 3 9 10 1