YESTERDAY'S SALES.

New Zealand Herald, Volume LXVII, Issue 20722, 15 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 the second column is given tho return, based on tho last dividend, from investment at tho quoted price. In tho 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. Return on Siilo Price. Investment. £sd £ b d N.Z. Ins. Stk., 1936, 51 per cent. . . 9!) 7 6 5 12 6 N.Z. Insurance . . 2 3 0 4 9 2 Farmers' C'o op. Auct. 3 0 0 11 13 .1 N.Z. Breweries . . 2 G 0 (i 10 5 Electro. Zinc (pf.) . 018 2 11 0 2 Mount Lyell . . 10 1 919 2 WELLINGTON EXCHANGE. Aust. Bank of Com. . 019 8 7 2 4 Union Bank . . 915 0 6 8 2 N.Z. Breweries (3) . 2 5 9 611 1 Colonial Sugar . . 34 17 (i 7 3 4 Wilsons Cement . . 2 0 0 6 6 0 DUNEDIN EXCHANGE. The following salo was madeOkarito 5a Od. REVIEW OF THE WEEK. GREATER CONFIDENCE SHOWN FIRM TONE AT CLOSE. Tho market on tho Auckland Stock Exchange closed yesterday afternoon with all sound securities meeting a very firm demand. Any sagging tendency which may have been apparent in the market for Australian stocks a week ago, disappeared early in the week and tho market, generally, over the past few days has shown a slight rising tendency. Tho banking section was active on a rather erratic market at the beginning of tho week, but the daily volume of business fell away toward tho close, sellers showing a tendency to increase their ideas of value. As far as actual turnover has been concerned tho banking group has experienced tho quietest period for many weeks. One of the features of business has been the -increased attention given to New Zealand shares. Now Zealand Insurance shares have been quietly active on a very firm market, gaining js over the week. South British have been sought on a very firm market, the only Auckland sale being put through' at 9d above the previous week. Auckland Gas gained 3d, meeting with a very steady demand throughout. New Zealand Breweries were quietlv active, showing a slight gain at tho close.

Tlio miscellaneous section has been quiet. Although the market generally has shown a bright tone, closing yesterday afternoon with buyers' quotations for many of the more popular stocks showing a decided improvement on the previous week, sales have been confined to within a small compass. This has been particularly the case in regard to Australian industrials. Australian Glass had one sale on a firmer market. The mining group has been quiet. The market for Mount Lyclls has been slightly erratic. Waihis lost 2d. Waihi Grand Junctions have been dealt in on a steady basis. KAURI GUM EXPORT. CONTROL BOARD MEETING. INVESTIGATIONS IN AMERICA. Reports of investigations being made in the United States into the use of clean kauri gum chips in various industries were received at a meeting of the Kauri Gum Control Board on Thursday. The chairman, Mr. W. H. Wynyard, presided. Investigations covered the waterproofing of the inner layer of paper bags used as containers for packing cement, raw sugar, coffee beans, chloride of lime, fertilisers and a variety of raw materials, as well as cardboard and textiles. It was shown that a solution containing kauri gum could be used to enable short fibrd asbestos and asbestos dust, now of no value, to be used for insulating purposes A practical method had also been developed for bleaching the clean chip gradings produced at tho board's Penrose works. Owing to tho prevailing slackness of demand for gum, requests for advances have increased considerably and it has been found necessary to obtain further storage accommodation for the gum sent forward on consignment by producers. Advice was received that the following amounts of gum had been entered for export charing September : P. 0.8. Tons. Value. United Kingdom .. JB7 £10,765 Canada. East Coast .. Bf> 1,373 Australia .. •. .1 1 200 Franco .. .. .. 6' 429 Germany 8 235 U.S.A., East Coast .. 65 3,673 U.S.A., "Went Const 1 32 Totals ... .. 289 £15,707 PRODUCE IN AUSTRALIA. SYDNEY, Nov. 14. The following are to-day's quotations on the Sydney produce markets: — Wheat.—Easier; now, bagged, 2s B£d to 2s 9d; old, 2s 9Jd to 2s for country delivery. Flour.—The export position is difficult and prices offered very low. Small local businoss was done at £8 10s. Bran.—£4 ss. Pollard.—£4 15s. Oats. —Tnsminian, white, 3a 6d to 3s 9d; Algerian, 4s to 4s 3d. Maize.—4s. Potatoes.—New local, £8 to £9. Onions. —£5 to £B. Prices at Adelaide are:— Wheat.—Growers' lots, 2s 6d to 2s 6£d. Flour.—Bakers' lots, £7 15s. Bran.—£4 10s. Pollard. — £5. Oats.—Algerian feed. 2s. Prices at Melbourne are: — Wheat.—Quiet at 2s lOd Flour.—Slow, £8 15s to £9. Bran. —£4 ss. Pollard. —£5. Oats.—Nominal at 2s 3d. Barley.—Malting, nominal, 3s. Maize. —4s 2d. Potatoes. —There is poor demand at £3 4s to £4 30s. CALL AND DIVIDEND LIST. Dividends— . D'] e Burns-Philp—interim, 5 p.c. .. "-"ay. Taupiri Coal—interim. Is a shnro Jo-day. Bycroft, Ltd.—interim, 5 p.o. .. Nov. 17 Northern Steamship—interim, 8 p.c. p.a. . ■ Nov. 21 National Insurance Co.—final, 5d a share Nov. 22 Dalfiety—final, 6s a share Nov. 2o National Dank of Australasia—interim, 9 p.o. p.a. . . .. Nov. 26 Wilsons Cement—interim, Is a share Nov. 26 Loyland-O'Bnen—final. lOd a share S o 7' Westport Coal—final. 9d a share Nov. N.Z. Paper Mills interim. 3J p.c. ..... . ■ Nov. 2S Farmers' Tradinc—interim, A and B pref.. 31 p.c. .. Nov. 80 Australian Glass—interim, p.o. on pref., and 3 p.c. on ord. . , Deo. 1 Henry Jones Co-op.—final. 3J p.c. . . . . • • • • Doo. L Loan and Mercantile—final, pref. 21 p.c. and 31 p.c. and ord. 2 p.o. . . . . • . Deo. 5 Bank of New Zealand—interim. Is 4d a share Dec, 6 P. and O.—deferred stock, final, 5 p.o. . , .. Abt. Dee 15 Mount Lyell—final. Is a share . . Dec. 19 Morris-Hedstrom—interim, ord., 3 p.o Dec. 31 Grey Valley Collieries—final, 3 p.o. Nat. Bank of N.Z.—interim, S p.o. Jan. 3 Kauri Timber—final, 2J p.o. ..