YESTERDAY'S SALES.

New Zealand Herald, Volume LXVII, Issue 20626, 26 July 1930, Page 9

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 the return includes redemption. Tito first column gives tho figures at which tho sales wero made:— AUCKLAND EXCHANGE. Return on Sa!o Prico. Investment. £ h d £ h <1 Bank of N.Z. (3) . . 2 15 9 5 2 10 National Insurance .. 014 0 5 7 2 Dom. Investment ..1 0 0 7 0 0 Pukemiro Coll. .. .5 2 6 11 4 0 Auckland (las . . 1 5 0 6 5 f> N.Z. Breweries .. 210 0 GOO CHRISTCHURCH EXCHANGE. Nat. B. A'sia. £5 paid 0 10 0 7 3 4 Bank of N.S.W. . . 3(5 0 0 5 11 1 Bank of N.Z. C.) . . 2 15 !) 5 2 10 Aus. Bank of Com. ..12 fi 0 4 5 Christchurch Gas (2) . 1 5 8 6 4 8 Ditto. 10s paid .. 012 10i 6 4 3 N.Z. Breweries . . 2 10 1. 5 19 10 Ditto 2 9 11 f. 0 2 Tooths . . . . 1 7 10 8 19 7 The following sales also took place :~r Mount Lyoll, 23s Bd, 23s lOd (2): ditto (rights), 2s Id; Mahakipnwa. 2d (4). No return is being Riven on Mount Lyell shares owing to the reduction in the rate of interim dividend and tho uncertainty of the tinal distribution. WELLINGTON EXCHANGE.

Ins. Stk., 1939, 44 . . 99 15 0 4 10 8 Com. Bank Aus. ..1 1 0 7 210 Bank of N.Z. (2) . . 2 15 9 5 2 10 N.Z. Breweries ..290 0 12 Leyland-O'Brien Timber 15 0 G 13 4

REVIEW OP THE WEEK.

SMALL VOLUME OF TRADE.

EASY MARKET CONTINUES

Littles inclination to trade was evidenced on tho Auckland Slock Exchange during the current week and business was restricted to a very small volume. A very firm market existed for Government investments, offers for which were maintained at the higher lovcls reached at the end of last week. The securities, however, were still firmly retained by holders. Tho continued weakness in bank shares was a feature of the market. Lower levels prevailed in most- instances. After changing hands 27s 6d lower at the beginning of tho week New South Wales were done again on the Sydney register at £35 17s 6d, tho lowest price they have touched for years. Commercials of Australia were steady and wcro dealt in unchanged at 21s until Thursday, when they receded to 20s lid. Yesterday offers were renewed at 21s, sellers asking 21s 3d. A fall of Is 3d was registered in New Zcalands last Monday, when the scrip was dealt in at 565. A subsequent transaction took place at 55s 9d and yesterday three parcels changed hands at that figure, with more available at the samo prico. Nationals of New Zenland, following tho readjustment after tho loss of tho 2£ per cent, bonus, were firm at £5 10s, three sales taking place. Unions were weaker and yesterday buyers dropped their limits again by £s to £lO 17s 6d. Interest in insurance was easy and llie price of New Zcalands declined Is 3d to 465. Yesterday buyers were not prepared to give more than 445. Dominion Investment and Bankings were the only active stock in loan and agency, regular transactions taking place at the current price, 20s. The sole business in coai,s was in l'ukemiros, which were released 3s 6d lower at 62s 6d. Auckland Gas were easier at 25s fid. Business was very light in other sections, which were quiet, sellers for tho most part refusing to lower quotations to tho levels buyers were seeking.

LOWER DIVIDEND.

QUEENSLAND NATIONAL BANK

NINE PER CENT. FOR YEAR

The report of the Queensland National Bank for tlio year ended Jurio 50 states that, after writing down bank premises, olc., by £IO,OOO, the net profit amounted to £194,956. This amount lias been exceeded only by last year's record profit of £202,387, and that of the year before. The profit was equivalent to 11.1 per cent, on capital. Two quarterly dividends of per cent, were paid, after which the directors followed the conservative policy adopted at the time by three other bank's and reduced the dividend for the March quarter to 2 per cent., which will be repeated for the last quarter of the year. The dividend rate is therefore 9 per cent., absorbing £157,500, ag;rin:>t 10 per cent, last year. An addition of £25.000 is made to the reserve fund, raising it to £840,000, and £18,515 is carried forward, against, £6059 brought into the accounts. Deposits decreased from £9,404,099 to £8,657,227, but advances increased from £10,348,614 to £10,423,181. Liquid assets aro £854,418 lower at £3,790,277. Following is a comparison of the bank's results for the last three years:—

1928. 10-20. 1930. Brought forward , £13,851 £8,(573 £(5,059 Net profit* . . 201,939 202,387 191,950

£215,810 £211,059 £201,015 To reserve . . $5,000 30,1XJ0 25,000 Dividend, p.o. 10 10 9 Amount. . . 172,139 175,000 157,500

Carried forward . £8,072 £0,059 £18,515 •After writing £IO,OOO off premises.

LONDON WOOL SALES

PRICES AT RECENT SERIES

The New Zealand Loan and Mercantile Agency Company, Limited, lias received the following cablegram from its London house, dated July 24, concerning the London wool sales:—As compared with last sales closing rates prices are about par to 5 per cent, higher for greasy Merino super and scoured Merino super; about 5 per cent, to 7J per cent, lower for Merino medium, greasy Merino inferior, coarso greasy crossbred and fine greasy crossbred; about 7J> per cent,, to 10 per cent, lower for lambs, Merino and crossbred, medium greasy crossbred, scoured crossbred; about 10 per cent, lower for scoured Merino inferior; about 10 per cent, to 15 per cent, for crossbred slipo; and about 20 per cent, for crossbred slipe inferior. The sales closed firmly. The prices realised for averago to super grades of descriptions as bolow were as follows: Merino, super, 12£ dto 14J,d; average, lOd to 12d; crossbred (56/58), 114 dto 14d; 50/56, lid to 12jd; 48/50, 10Ad to 12d; 46/48, lOd to 40/44, to 10J,d; 36/40, 9i*d to 10|d.

MELBOURNE PRODUCE

MELBOURNE, July 25

Tho following ar» among to-day's quotations on tho Melbourne produco markets Wheat.—4s 2d. Flour. —£11. Bran and Pollard.—£7 ss. Oats. —3s 3d. Barley.—English, nominal, 3s 4d to 3s 6d. - Maize.—ss lOd.

RABBITSKINS MARKET.

Dalgety ami Company, Limited, lias received the following cablegram from its London house, dated July 2' ■ ul ' bitskins.—Poor demand; rough pulling, OJ por cent, lower; unpulled, 35 per cent lower.