YESTERDAY'S SALES.

New Zealand Herald, Volume LXVII, Issue 20713, 5 November 1930, Page 7

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 tho last dividend, from investment at tho .quoted price. In tho case of Government and other redeemable securities the return includes redemption. Tho first column gives the figures at which tho sales were mado: — AUCKLAND EXCHANGE. Return on Sale Price. Investment. JS b. ri. £ a. d. luo. Silt., 1927-11, 5i (late sale Mon.) .. 05 10 0 5 IB 4 Com. Bank of Ails. 017 0 816 G E., S. find A. Bank fi 12 0 013 4 Bank of N.SAV. (2) 32 2 G 040 Is at. Bank Australasia (X's paid) . .. I. 7 0 7 1 8 N.Z. Insurance .. 2 1 (i 412 4 South British Insur. 2 14 0 4 17 10 National Insurance .. 011 5 . r > 4 1 Doin. Invest. & Bank 010 0 7 7 1 Auckland Gas . . 1 :i 4 0 17 1 Elec Zinc (pref.) .. 018 0 10 10 2 Devonport Kerry 12 0 6 10 4 Far. Trading < B pref., (late , sale Mon.) .. 012 6 710 0 The following sale was also made:—N.Z. Insurance. 41s Cd (lain salo Monday). CHRISTCHURCH EXCHANGE. Aus. Bank Com. (2) 1 0 5 017 2 Com. Bank of Aus. (4) 0 17 0 8 10 5 E. S, and A. Bank (2) o 18 O 6 12 9 Ditto (2) .. .. 512 0 fi 13 4 Ditto , . .. 5 12 0 0 13 11 Ditto ... 513 0 612 2 Nat. Bank Australasia (£5 paid) .. .. fi 0 0 7 210 Ditto .. .. 0 7 0 7 1 8 Union Bank .. 10 0 0 fi 5 0 Goldsbrough-Mort (2) 1 2'3 819 8 British Tobacco .. I 14 0 7 1 2 'The following sales were also made:— Winding Creek (9d paid), 2Sd (4): Mahakipawtt, 35d; Australian Glass, 25s 7id. Owing to tho reduction in tho interim dividend and uncertainty regarding tho rate of the final dividend, no return is given on Australian Glass. WELLINGTON EXCHANGE. Lower Hutl. Bor., 6, 1944 101 5 0 5 16 8 Nat. Bnnk Australasia (£5 paid) .. .. 0 6 0 7 210 N.Z lnsuianco .. 2 19 411 10 Auckland Cms .. 13 3 0 17 7 Gear Meat .. .. 115 0 0 0 6 DUNEDIN EXCHANGE. Milburn Limo .. 10 0 Gls 7

THE LONDON MARKETS. PRICES FOR METALS. TIN AGAIN LOWER. (Received November 4, 11.15 p.m.) LONDON, Nov. 3. (Quotations on Oct. 30 in parentheses.) Copper.—Spot, £43 15s (£43 13s 9d); three months, £43 10s (£43 8s 9d). Electrolytic Copper.—Spot, £45 5s (£44 ss); three months, £46 5s (£45 ss). Wire Bars.—£46 5s (£45 ss). Lead.—Spot, £ls 15s (£ls 15s): three months £ls 15s (£ls 12s 6d). Spelter.—Spot, £l4 13s 9d (£l4 lbs); three months, £ls 5s (£ls 2s 6d). Tin.—Spot, £ll4 (£llß 16s 10ld); three months, £lls 7s 6d (£l2O 6s 3d). Silver. —Standard, 16;|d (16£ d) per oz.; fine, 18 l-16d (17 3-16 d). The stocks of tin are:—Visible, 39,272 tons; spot, 1087; afloat, 675; deliveries, 1740. RUBBER STOCKS. Tho rubber stocks in London are 77,480 tons, and in Liverpool 38,941 tons. BRADFORD TOPS. Merinos show a better tone. Crossbreds are unchanged. HENRY JONES CO-OPERATIVE. REDUCTION OF DIVIDEND. A meeting of the directors of Henry Jones Co-operative, Ltd., held on October 29. resolved to recommend to the shareholders at the annual meeting to be held on November 24 the payment of a dividend at the. rate of lid a share out of the current year's income earned in Australia, and 7jd a share out of income earned outside of Australia. The dividend will be payable on December L The abuve dividend, together with tho interim dividend of 9d a share paid in June, makes a total dividend of per cent, for the year. Tho interim dividend was at the usual rate but tho final dividend is 9d, as against Is 3d last year and the. year before. In 1927 the company paid 11$ per cent, and in 1926 tho dividend was per cent.

GREY VALLEY COLLIERIES. LOWER DIVIDEND TO BE PAID. The head oflice of Grey Valley Collieries, Ltd., advises that tho directors have decided to recommend payment of a final dividend of 3 per cent,, making 6 per cent, for the year. The date of payment has not been fixed. Last year tho company, which is now in its sixlh year, paid its first dividend at tho rate of 8 per cent. COLONIAL SUGAR CO. THE LATEST BALANCE-SHEET. Tho balance-sheet of tho Colonial Sugar Company as at September 30 balances at £13.556,520, an increase during tho year of £266,818. Shareholders' funds amount to £9,906,410, an increase during (he year of £300,322. This comprises £200.000 in the reserve fund and C 235.509 added to the replacement and depreciation fund, which now totals £2.240,196. Tho balance in the profit and loss account, prior to payment of tho last, dividend, was £135,187 less than at September 30, 1929. Liability to creditors has declined by £56,338 to £586,027. Suspense accounts now stand at £3,017,130, ail increaso of £21,370. Tho valuation of refineries and mills in Australia, New Zealand and Fiji is £6,856,232, an increase of £246,116. Stocks of sugar and balances duo for payments for the Queensland Government are shown at £2,476,990, which, is ,a ro duetion of £702,400; materials at factories have increased by £10,131 'to £353,659. Sundry debtors total £2.039,932, a decline of £307,511. Cash balances at £1,673,695 arc higher by £1,031,322. In his address at tho annual meeting, the chairman, Mr. E. W. Knox, gave an illustration of the amount which the company has to find to finance the Australian crop, under the agreement between tho Commonwealth and tho Queensland Governments. Tho lire insurance policy to cover the raw sugar in store was for £6,250,000. This risk is divided among 72 companies. ■ CHICAGO WHEAT MARKET. (Received November 4, 5.5 p.m.) CHICAGO. Nov. 3. Wheat.—December, 75 5-8 cents per bushel; March, 79 5-8 cents; May, 81J cents; July, 82 1-8 cents. THE PRICE OF GOLD. LONDON. Nov. 8. Gold is quoted at 85s per or.