YESTERDAY'S SALES.

New Zealand Herald, Volume LXVII, Issue 20640, 12 August 1930, Page 5

YESTERDAY'S SALES.

BUSINESS ON EXCHANGES. RETURN ON INVESTMENTS. Following is a list of yesterday's transactions on New Zealand Stock Exchanges. Iri the second column is given the return, based on the last dividend, from investment at the quoted price. 111 the case of Government and other redeemable securities tho 'return includes redemption. The first column gives tho figures at which the sales were made:— AUCKLAND EXCHANGE. Return on Sale Prico. Investment. £' s d A.' b <1 Ins. Stk., 1932, 5J .. OS 10 n f, 1 5 N.Z. Breweries .. 210 0 518 3 CHRISTCI-lURCH EXCHANGE. Ana. Bank Com. .. 1 '2 0 li 7 3 Com. Bunk Aus. (8) 1 0 :i 7 8 2 C. Bunk Sydney (2) 20 7 G 6 2 8 E., 8. and A. Bank (2) !> 1(5 (i 6 8 0 B. N.S.W. (cum divj 3G 5 0 5 10 1 Ditto (2) .. .. ye, 12 <; 502 Bank of New Zealand 2Hi 0 5 2 3 Ditto .. .. 2 13 0 5 2 10 N.Z. Breweries (3) .. 210 0 i> ]8 3 Ditto .. .. ,! 11 0 517 8 The following sales also took place:— Bank of New South Wales, £3G 10s; .£3(l 7s (id; Mount Lyell, 22s Cd, 22s 4d (2) ; Mahakipuwa (2) 2!d. WELLINGTON EXCHANGE. Ins. Stk.. 1039. 41 99 15 0 410 8 "YVgtn. City, 1934, 55 98 15 0 . 517 1 Bk. N.Z. .. .. 2Hi 0 5 2 3 Union Bank (2) .. ]0 14 0 , r > 10 10 Waihi Grand Junction 0 2 0 4 3 4 The following sale nlso took place:—Mount Lyell, 22s 3d. No return is given on Mount Lyell shares owing to the reduction in the rate of interim dividend and the uncertainty of the final distribution. RAILWAY FINANCES. NEW SOUTH WALES ACCOUNTS LEDGER MAY BE BALANCED. If the New South Wales railway revenue continued to fall at the present rate there would bo a deficit of £4,000,000 at the, end of the year, but the Chief Commissioner, Mr. Cleary, told delegates at tho final session of the annual conference the Agricultural Bureau of New South Wales a few days ago that there was a good chance of balancing the ledger. - Wool and wheat, Mr. Cleary said, would not be called upon to bear any more burdens. If freights had to be raised, material which had been carried below costs for city buildings and roads would be the first things to be given attention. I wire in June the revenue dropped £IOO.OOO a week as compared with previous year, and last week there was a drop of £BO.OOO. Nevertheless, over £1,000.000 had been saved by recent economics, and it now remains to be seen whether the last months of the year will offset the first, " I do not doubt that there will be still lower wages," added Mr. Cleary. I do not want lower wages, but there is nothing else for it. If goods are not sold trains cannot be run." Country people could help Australia through her difficulties, the Chief Commissioner declared, by exercising more caution in their demands. The GlenreaghBorrigo line, he said, cost over £IOO.OOO a year and returned a little over £IO,OOO

NEW ZEALAND PRODUCE

HIGH COMMISSIONER'S REPORT. [by tbi.ec;R.\r». •—own- correspondent.] WELLINGTON, Monday. The Department of Agriculture has received the following cablegram, dated August 9, from the High Commissioner for New Zealand. London:— I allow.—The market is quiet on account of the holiday. Prices remain firm. Eggs.--The market is quiet. English with national mark are quoted at lis 6d to 19s 6d: English, ordinary pack, 14s 6d t" 17s 6d; Irish, lis to 18s; Swedish, Danish, Belgian and Dutch. 12s 3d to 14s 9d; French, lis 6d to 15s; Polish, 6s 6d to 8s 9d. Fruit.—English apples are now in the market. Present quotations for New Zealand are: Stunners, 8s to 10s; old stock, 4s to 8s; Statesman, 8s to lis; Dougherty and Delicious, 9s to lis. Hemp.—The Manila market is dull. K grade. August-September shipment, was sold at £22: September-November shipment, £22 ss. The sisal market is easier. First grade, fair average quality, afloat, sold at £23 ss; September-Novem-ber shipment is quoted at £24; second grade. 15s less. Good marks are held for 10s more. Mexican is unchanged. The New Zealand market is very quiet. High fair spot was sold at second-hand for £22 10s to £23, There is no inquiry for forward shipments and no first-hand sales are reported. Wool.—The Bradford market is quiet, with a fairly good tone. Quotations arc nominally unchanged.

DAIRY PRODUCE PRICES. REPORTS FROM MERCHANTS. Amalgamated Dairies, Limited, has received the following cablegram from its London oflicc, dated August 8: —Butter: Finest, 140s, but in view of the continued absence of demand offers down to 136s are now inorp general. Retail prices: Danish now generally Is 6d; Now Zealand, unchanged, Is sd. Leonard and Son, Limited, has received tho following cablegram from A. C. Rowson, London, dated August B:—Butter: New Zealand, finest, 1365; first grade, 1345. Tho demand is slow and the market firm. Tho outlook is uncertain. Cheese: Deliveries, New Zealand and Australian, 17,452 crates; Canadian, 4544 boxes. Stock: New Zealand and Australian, 114,964 crates; Canadian, 134,679 boxes. Price: New Zealand, white, 76s to 775; coloured, 82s. The demand is steady and the market firm. Outlook: Unlikely to decline further. Dalgety and Company, Limited, has received the following cablegram from Samuel Pago and Son. London, dated August 9:—Butter: New Zealand, finest, salted, 134s to 1365; Danish, 145s to 148s; Australian, finest, unsaltod, 132s to 1365; salted, 132s to 1365. The market is quiet. Cheese: New Zealand, white, 77s to 78s; coloured, 82s to 83s; Canadian, white, 80s to 83s; coloured, 82s to B4s.

KAURI GUM SUPPLIES. CONTROL BOARD MEETING. A ifleeting of the Kauri Gum Control Board was presided over by Mr. M. H. Wynyard. One application for a gum buyer's licence was granted. An application, referred to tfio board by tho Lands Department, for the upliftment of tho reservation over a kauri gum reserve, was approved subject to a small portion of the reserve and an adjoining area of Crown land being withheld from disposal until the payable gum had been dug out. A return'was received from tho Comptroller of Customs showing tho export of gum for the month of Juno to be as follows: — A veraco price Destination. " Tons. Value a ton United Kingdom ■■ f 'f r q o\'or, Canada, via East Const Jo g-'f-g U e sT y via East" Coast 110 7.517 64.80 U.S.A., via Wost Coast 1 48 48.00 310 £16.796 £48.54