YESTERDAY'S SALES.

New Zealand Herald, Volume LXVII, Issue 20716, 8 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 the last dividend, from investment at tho quoted price. In the case of Government and other redeemable securities tlie return includes redemption. The first colupni gives tho figures ut which the sales were made:— AUCKLAND EXCHANGE. Return ou Sale Price. Investmant. Ti i r . Sl d- £ a - Com. .Bunk of Aust. 017 2 814 0 _ Ditto .. .. 017 0 816 5 L.. b. ami A. Bank 516 0 6 9 4 Ditto .. .. ;'i 13 c, 6-12 2 Bank of N.Z. .. 216 6 5 1 6" Union Bank .. .. 917 0 6 6 9 Welling. Invest. Trust 0 10 0 6 10 0 Farmers' Trading 0 6 9 tl 17 0 Ditto (B pref.) .. 012 6 716 9 Kempthorne-Prosser 3 16 6 10 1 Milbyjrn Linio .. 1 9 3 616 8 Waihi Mining .. 014 0 11 5 8 Mount Lyell .. .. 1 0 0 10 0 0 Ditto .. 0 19 9 10 2 6 The following Bales were also made:— Bank of New Zealand. 56s 6d (late sale. Thursday); Okarito Mining, 5s sd. CHRISTCHURCH EXCHANGE. Com. Bank of Aust. 017 0 81G 5 Aust. Bank of Com, 1 0 2 618 10s E., S. and A. Bank 514 0 611 7 Ditto .. .. 516 0 6 9 4 National Insurance . 014 6 5 3 5 Dalgety .. .. 8 9 0 i 518 11 Goldsbrough-Moi t .. 12 2 9 2 5 Colonial Supar .. 35 0 0 7 210 Mount Lyell (7) ... 019 II 10 010 Kempthorne-Prosser 3 16 6 10 1 WELLINGTON EXCHANGE. Union Bank .. .. 916 0 0 7 2 Christ-church Gas .. 1 5 0 6 8 0 Wilsons Cement (2) . 2 0 0 6 5 0 Con. Brick and Pipe 012 0 10 0 0 Mount Lyell .. .. 1 1 G 9 6 1 DUNEDIN EXCHANGE Union Bank . . . . 916 0 6 7 6 Mount Lyell (2) .. 019 6 10 5 1 Tho following sales were also made:— Okarito, 5s 9d; King Solomon Mines, 10id.

REVIEW OF THE WEEK.

STEADY BUSINESS DONE. IRREGULAR TONE AT CLOSE. Healthy trading on a firm market, which closed showing a decided gain, on last week, was recorded on the Auckland Stock Exchange over the past week. Only yesterday was any weakness apparent, the prices for a few Australian securities tending to sag slightly. Shares in sound New Zealand securities met with a rather wider demand and yesterday saw the largest volume of business in New Zealand securities in ono day for a considerable time. Jll the banking group Commercials of Australia were active during the week and the market closed practically 011 a par with the opening rates. New Zealands gained Is 6d, after comparatively heavy trading on a firm market. English, Scottish and Australian shares, which were dealt in at £5 7s 6d a week ago, strengthened to see sales on Thursday at £5 16s. The market weakened slightly yesterday. Insurance shares met frith a steady demand, buyers predominating. New Zealands gained 6d during the period. Coal shares showed Tittle movement, the margin between buyers' and sellers' ideas of value continuing to be comparatively wide. Aucklafd Gas hardened, buyers moving up 2d without making a sale. _ The miscellaneous market was less active than usual, both buyers and sellers appearing hesitant about placing firm quotations. Slightly more attention was paid to shares in New Zealand companies, but it was only yesterday that anything like a healthy volume of business was recorded in the section. . Closing prices yesterday wero generally slightly above those of the previous week. British Tobaccos had gained 4s 3d at one period, but yesterday afternoon tho market was easier. Colonial Sugars showed a distinct gain. Australian Glass improved, but dropped slightly yesterday afternoon. Wilsons Cements held very firm, with a steady demand around 40s. Mining was quiet. Waihis weakened slightly. Mount Lyells gained Is 3d at one period, but yesterday dropped back 3d under the market of the previous Friday.

SYDNEY PRICES -LOWER.

WEAKNESS OF BOND MARKET. REACTIONS OF THE BUDGET. (Received November 7, 11.5 p.m.) SYDNEY. Nov. 7. The easier trend of the Sydney sharemarket noted yesterday under the influence of Mr J. A. Lyons' Budget proposals, has been • accentuated to-day. Quotations for Government stocks in particular reacted sharply to tho desire of a section of the Labour caucus that tho December conversion should be delayed for a year. The bond market accordingly finished weak. Tho bonds maturing next month sold at £lOl, representing a fall of 15s. The' quotation includes £2 10s ofMccrued interest. Tho 5i per cent., 1933, stock dropped 10s to £95 15s. Altogether seven issues were down, the losses ranging from 10s to 255. Sympathetic declines wero also notice-' able in bank shares, and leading industrials. Britisji Tobacco shares fell 2s in consequence of the heavy Budget impost. Tho new Federal tax on property, embracing income from rents, investments and dividends, lias severely hit some of the leading industrial companies, as the super tax of 7£ per cent, will make substantial inroads into their profits.

AUCKLAND FIRE BOARD.

ISSUE OF DEBENTURES. Tho Auckland Firo Board is calling applications for an issue of £13,000 bearer debentures, redeemable 1930-1955, and carrying interest at 5J p6r cent.

KAURI TIMBER COMPANY. , DIVIDEND OF 2J- PER CENT. Tho head office of tho Kauri Timber Conipany, Limited, advises that the directors announce that, subject to audit, they have decided to recommend payment, of a dividend of 2£ per cent for tho year ended August 31. The conipany paid 8 per cent, in 1925 and 1926, 6 per cent, in 1927 and 3 per cent in 1928 and 1929. Profits in 1925 were £72,239; £55,936 in 1926; £36,172 in 1927; £4933 in 1928 and £20,735 in 1929.

CHICAGO WHEAT MARKET.

CHICAGO, Nov. 6. Wheat.—December, 74 1-8 cents per bushel; March, 77 7-8 cents; May, 80] cents; July, 80 3-8 cents.

MELBOURNE PRODUCE, MELBOURNE. Nov. 7. Tho following are to-day's quotations on tho Melbourne produce markets:— Wheat.—2s lid. Flour. —C 8 15s to £9. Bran.—£4 ss. Pollard.—£s. Oats.—2s 6d. Bnthey.—English, 3». ' Muize.—4s 2d.