SATURDAY'S SALES.

New Zealand Herald, Volume LXVII, Issue 20669, 15 September 1930, Page 5

SATURDAY'S SALES.

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

AUCKLAND EXCHANGE. -i Return on Snlo Price. Investment. £ 8. d. £ s. d. Union Bnnk . . . . 10 0 0 6 5 0 N.Z. Insurance . . 22 6 410 2 South British .. 2 18 3 4 8 8 Bycroft, Ltd 1 14 0 5 17 7 Waihi 0 15 0 13 6 8 CHRISTCHURCH EXCHANGE. Govt. Bonds, 1938, 41 100 7 6 4 8 10 Bank of N.Z. . . . 216 0 5 2 3 Ditto 2 16 3 5 1 11 United Building . . 016 6 6 1 2 Tht following sales also took place:— Bank of New Zealand, 56s Id; Mount Lyell, 20a Bd. No return is given for Mount Lyells owing to the reduction in the rate o£ interim dividend. WELLINGTON EXCHANGE. Inscr. St,k., 1938, 4* 100 5 0 4 9 3 Dnnncvirke Bor., 1946, 5 91 17 6 5 16 0 South British . 218 0 .4 9 1 . N.Z. Breweries . . 2 8 9. 6 3 1 THE LONDON MARKETS. FROZEN MEAT. t ' (Received September-J4, 5.5 p.m.) LONDON, Sept. 13. The weekly quotations for tho undermentioned classes of frozen meat aro based on actual sales of wholesale quantities of carcases of mutton or lamb or of quarters of beef delivered to Smithfield market and/or ex-London stores. They are compiled by tho Quotations Committee, Srnithfield. To arrive at tho equivalent ex-ship values ono farthing per pound should bo deducted from the prices quoted below. Quotations given represent tho average for tho week and aro not selected lines, but for parcels fairly representative of tho bulk of the shipments now on offer. New Zealand Sheep.—Canterbury and North Island selected crossbred wethers and maiden ewes, 481b to 561b, to 641b, sd; 651b to 721b, 4jjd; North Island, 481b to 561b, 5 l-8d; 571b to 641b, 43d; 651b to 721b, 4 5-8 d; ewes, 481b to 641b, 3 3-8 d; 651b to 721b, 3Jd. Australian Sheep.—First quality crossbrcds and/or Merino wethers, 401b. to 651b, 4d: second quality, 301b to 551b, 4d; ewes, 301b to 551b, 3Jd. Argentine Sheep.—First quality crossbred wethers, 481b to 641b, 4jjd; 651b to 721b, 4|d; over 731b, 3^d. Patngonian Sheep.—Wethers and/or maiden ewes, under 501b, 4^d; 501b to 601b, 4d; ewes, 401b to 501b, 3 5-Bd. New Zealand Lambs.—Canterbury, 431b to 501b, S 3-8 d; other South Island brands, 361b and under, 83d; 431b to 501b, 83d; other North Island brands, second quality, average 311b, 7d. Australian Lambs.—All States, third quality, 361b and under, 6 l-Bd. Patagonia n Lambs.—First quality, 361b and under, 7|d. Australian Frozen Beef.—Ox crops, under 1001b, 3 7-Bd. Argentine Chilled Beef.—Ox fores, 160U) to 2201b, 4d; ox hinds, 1601b to 2201b, 6Jd. New Zealand Pigs.—First quality, 601b to 1001b, Bjd; 1011b to 1201b, 83d. Others unchanged. COTTON, RUBBER, JUTE, ETC. (Last week's prices in parentheses.) Cotton.—October delivery, 5.93 d (6.07 d) per lb. Rubber.—Para, 6d (6£d) per lb; plantation and smoked, 4d (3 3-8 d) per lb. Jute.—September-October shipment?, £ls 7s 6d (August-September, £l7) per ton. Copra. September-October shipments, South Sea, £6 7s 6d (October, £l6 2s 6d) per ton; plantation, Rabaul, £l6 10s (£l6 7s 6d) per ton. Linseed Oil.—£3l 10s (£32 10s) per ton. Turpentine.—36s 9d (37s 3d) per cwt. PACIFIC ISLANDS FRUIT.* AUCKLAND IMPORTATIONS. Interesting information concerning tho growing, marketing and distribution of tho fruit and produce of the islands Of tho Pacific is contained in a booklet, "From Southern Seas," recently issued by Turners and Growers, Limited. Tho company is the biggest importer of Island and Australian fruit in New Zealand The principal imports aro bananas from Fiji, oranges, bananas, tomatoes and : coconuts from the Cook Islands, and man darin and Valencia oranges from New South Wales and South Australia. Tho booklet includes a great deal of information concerning the activities of the firm and there arc a number of attractive iHustrations. RUSSIAN COMPETITION.

CARGO SHIPS CHARTERED. (Received September 1-1, 6.45 p.m.) LONDON. Sept. 13. A cargo vessel of 25,000 tons was chartered yesterday to bring wheat from Russia to supplement tho 62,000 tons rf Italian shipping engaged earlier in tho week. It is understood that plans are being matured for intense competition later in tho month. A comparison of yesterday's sales of parcels show that Australian brought 31s and South Russian samples 30s 3d to 30s.

The Manchester correspondent of the Daily Telegraph says: "It is not, dump ing, because Russia does not compete with British grain, but her wheat is classed with American hard wheat."

A leading Liverpool broker says Russia is, supplying the deficiency due to'a bad crop in Argentina. Russia is keeping down prices against the American and Canadian pools. Otherwise prices might soar. BRITISH GRAIN TRADE. UNITED STATES MARKET. WASHINGTON. Sept. 12. The President, Mr. Hoover, was told by representatives of tho British grain trade to-day that unless American markets for British goods are left open through moderate tariffs, the reciprocal market abroad will be endangerod. A delegation representing tho Co-opera-tive Wholesale Society of Britain was presented to Mr. Hoover by tho British Ambassador, Sir Ronald Lindsay, and Mr. Herbert Bodman, president of tho New York Produce Exchange. It in-cluded-Mr. Robert Fleming and Mr. Joseph Uradshaw, directors tif tho society. In recent, years, the visitors told Mr. Hoover, enormous political pressure had been put upon British merchants to buy Ernpiro goods.