YESTERDAY'S SALES.

New Zealand Herald, Volume LXVII, Issue 20618, 17 July 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 the second column is given the return, based on tho last dividend, from investment. at the quoted price. In tho caso of Government and other redeemable securities the return includes redemption. Tho first column gives tho figures at which the sales were made:—

AUCKLAND EXCHANGE. Return on j Sale Price. Investment. £ b. d. £ s. d. Govt. Bonds, 1933, 5i 98 10 0 S 16 8 Com. Bank Aus ..118 712 Devonport Steum .. 13 0 G 7 8 Taranaki Oil ..024 Waihi G.M. (3) .. Oil 0 II 5 8 'J'ho following sales also took place:— Mount Lyell, 21s (3); ditto (rights), 2s 4d. No return is ttiven on Mount Lyell shares owing to the reduction in the ralo of interim dividend and the uncertainty of tho final distribution CHRISTCHURCH EXCHANGE. Com. Bunk Aus. ..112 719 Ditto . . ..114 707 Com. Bank Sydney . 19 M 0 (i c, 11 K.S. and A. Bank .. 519 6 6 6 0 Union (Bank (3) .. 11 10 0 5 8 8 Christchuri.'h Gaa . . 16 9 619 7 British Tobacco . . 11G 9 C> 10 7 Ditto . . . . 116 8 610 11 The following sales also took placesMount Lyell, 21s (2); Mahukipawa, 2d (2). WELLINGTON EXCHANGE. Ins. Sdk., 1927-11, 61 96 0 0 5 15 T Com. Bank Aus. .. 114 7 0 7 N.Z. Breweries .. 2 9 0 fi 1 2 British Tobacco ~ 117 0 69 8 DUNEDIN EXCHANGE. Milburn Lime .. 114 0 517 8 Tlio following sales also took place:— Okarilo. Gs 9d (3), Gs 7d (2), Gs 6d; Paddys Point, 4a (2).

CANTERBURY PRODUCE.

POTATO MARKET WEAKER

[BY TELEGftAI'U.—PRESS ASSOCIATION.] CHRIST CHURCH, Wednesday.

'J 1 10 potato market lias weakened, and quotations have eased from 2s 6d to 5s a ton for prompt and forward positions. Uiero are a low orders coming to hand, however, from Auckland, and other ports also aro showing moro activity. Tho next boat, the Waiinarino, will not leavo until Thursday or Friday. Growers arc not inclined to sell. 'J'iiey aro strong holders. Tho quotation to farmers on trucks is £4 to £4 2s 6d, but recently there have been olfers made from certain quarters of £4 5s and £4 10s. Thisro aro somo who believe that thore aro not as many potatoes available this year as in past years, and that tliero will bo a shortage. Tho oats market is fairly firm, with values unchanged. Local 13 grade Garlons are worth 4s, f.0.b., s.i., and local A grado Gartons about 4s Id, f.0.b., s.i. Southern quotations aro 3s lid for prompt A grade Gartons, and 3s 9J,d for B grado. For spread delivery A grado are worth 3s lid to 4s, and B grade 3s lOd. Tho chaff market is steady, with few orders coming to hand. Chaff has been sold for prompt delivery at £6 17s 6d to £7 a ton, f.0.b., s.i., which is equivalent to £5 7s 6d to £5 10s a ton on trucks. Chaff for later delivery is not offering in much quantity, but there is not a great deal of inquiry for it. Tho market for onions is very dull. They are worth from £2 10s to £3 10s on trucks, according to quality. It is many years since business in small seeds lias been as dull as it is at present. Tho volumo of business has fallen off, and orders havo decreased by a, big percentage.

GOLD DREDGING RETURNS-

OKARITO COMPANY'S REPORT,

[BY TELEGhAFIf. —rHESS ASSOCIATION.] DUNE DIN, Wednesday.

The secretary of the Okarilo Dredging Company, Limited, reports receipt of advice from tho engineer of the return of 940z. 15dwl. of gold. . Of this amount 88oz. were secured from head boxes and the balanfco of 6oz. 15dwfc. from the tables. With tho previous returns, which totalled 530z., this makes 1470z. 15dwt. from opening out the present paddock preparatory to tho commencement of dredging.

CITIZENS' BUILDING SOCIETY.

PROFIT OF £1238 LAST YEAR. A profit of £1238 is shown in tho fifth annual report of the directors of the Citizens' Permanent Building and investment Society for tho year ended May 31. In commenting upon tho steady growth oi tho society at tho annual meeting this week, tho chairman, Mr. J. P. Stevenson, said tho profits each year allowed for tho payment of a half-yearly dividend at tho rate of 7 per cent, per annum, as well as for tho carrying of a substantial amount each year to reserve. TTo congratulated the society upon the success of its reduced rato of interest mortgage repayment table, which had boon in operation during tho past year. The reduction would mean a diminution of profits during tho coming year unless the reduction in interest was counterbalanced by a corresponding increase in tho total amount of mortgages. Tho amount lent on mortgage increased during the past year by £5026 to £28,143. An interim dividend of per cent, was paid in November, and the directors recommended that a further dividend of 3£ per cent, should be declared. This would ab. sorb £540, leaving a balance of £775. Tt was proposed that a sum of £l5O should be carried to the reserve account, increasing this to £650. Tho two properties appearing in the balance-sheet at £I2OO, off which £l5B had been written, were expected to be disposed of without further loss. Tho capital of the society, including an increase of £2585 during the year, is £15,428 15s. Deposits at call total £11,313. Tho report and balanco-sheot were adopted. The retiring directors, Mr. D. F. MacCormick and Mr. J. P. Stevenson, were re-elected. FOREIGN EXCHANGES. British Wireless. RUGBY, July 15. Thoi following rates on foreign exchanges are current to-day, compared with the cabled quotations on July 10

CHICAGO WHEAT MARKET. CHICAGO, July 15. Wheat. —July 88 5-8 cents per bushel; September, 92 cents; December, 97 7-8 cents; March, 1 dollar 2i cents.

and par: — July 15. July 10. Par. Montreal, dol. .. 4.8(58 4.86$ 4.800 New York, dol. . 4.801 4.865 4.800 Paris fr. 123.G2 123.05 124.21 Brussels, bclga .. 34.815 34.825 35.00 Geneva, fr. 25.03 25.045 25.22 Amsterdam, fl. .. 12.09 12.09J 12.10 Rome, liro 92.87 92.88 92.46 Berlin, r.m. 20.385 20.395 20.43 Stockholm, kr. .. 18.10 18.10} 18.159 Oslo, kr. 18.16 18.10} 18.159 Copenhagen, kr. 18.10 18.16 18.159 Vionna, sch. 84.455 34.455 34.58} Prague, kr. 104 1(14 24.0 i Helsingfors, mark 193} 193} 192.23 Madrid, pes. 42.05 41.40 25.22} Lisbon, eseu. 108.25 108.25 — Athens, dr. 375 375 375.00 Bucharest, lei. .. 818 818 25.225 Hio de Janeiro, mil. 5 15-32 52 — Buenos Aires, dol. 40| 40i! 47.57d Calcutta, rupeo . 17 27-32 17? 18d Shanghai, tacl .. 171 17J — Hongkong, dollar 151 15 24.5Sd Yokohama, yen . 24 i 24 13-32 Batavia, fl. — — 12.10