STOCK EXCHANGES.

New Zealand Herald, Volume LXVIII, Issue 20819, 11 March 1931, Page 7

STOCK EXCHANGES.

YESTERDAY'S SALES.

RETURN ON INVESTMENTS. Following is a list of yesterday's transactions on New Zealand Stock Exchanges. In the second column is given the return, based on the last dividend, from investment at the quoted price. In the case of Government and other redeemable securities the return includes redemption. The first column gives the figures at which the sales were mado:— AUCKLAND EXCHANGE. Return on Sale Price. Investment. £ s d A' 8 d

THE LONDON MARKETS. PRICES FOR METALS. (Received March 10, 11.5 p.m.) LONDON. March 9. (Quotations on March 5 in parentheses.) Copper. —Spot, £45 9s 4J,d (£45 18s 9d); three months, £46 0s (£46 8s 9d). Electrolytic Copper.—Spot, £4B 10s (£49 ss) ; three months, £4B 10s (£49 ss). Wire Bars.—£49 10s (£SO). Lead.—Spot, £l3 17s 6d (£l4 2s 6d); three months, £l4 2s 6d (£l4 ss). Spelter.—Spot, £l2 12s 6d (£l2 17s 6d); three months £l3 3s 9d (£l3 6s 3d). Tin.—Spot, £123 3s 9d (£l2l Is 3d); three months, £124 13s 9d (£123 Is 3d). Silver. —Standard, 13 3-8 d (13d) per ounce; fine, 14 7-16 d (14d).

QUOTATIONS FOR WHEAT.

LONDON AND LIVERPOOL,

LONDON, March 9

Wheat, cargoes are 3d higher, but buyers did not respond to-day. Parcels are firm and have advanced 3d with firm inquiry. Futures.—London: April, 19s 8d per quarter; Juno, 19s lOd. Liverpool: March, 4s per cental; May, 4s 4^d; July, 4s 5Jd; October, 4s 7jjd.

CHICAGO FUTURES,

CHICAGO, March 9

Wheat.—March, cents per bushel; May, 83 cents; July, 64 cents; September, 64 cents.

RESEARCH INTO WHEAT.

TESTS FOR BAKING VALUE,

[BY TELEGRAM. —OWN CORRESPONDENT. ]

"WELLINGTON, Tuesday

In his report to the last meeting of tho Council of Scientific and Industrial Research, the chairman, Mr. G. Shirtcliffe, said a very large number of samples of grain was being milled, chemically examined, and suDmitted to baking tests. Between 4000 and 5000 separate field trials had been harvested at Lincoln College. and tho results of selection and breeding were now being critically examined. An instrument which gives a rapid approximate idea of the quality of _ resultant flour, where only small quantities of grain were available, had been tried .with promising results. One result of treating seed wheat with hot water for smut prevention seemed to be to increase tho baking score of flour made from tho succeeding crop, while present indications were tnat leaving the wheat until it is dead ripe did not affect either the flour yield or its (juality. Arrangements were in hand for investigating the production of feed wheat in both islands, and for the growing of high grade, but possibly low-yielding, wheat on lighter lands.

PUKEMIRO COLLIERIES. INTERIM DIVIDEND REDUCED. The directors of Pukemiro Collieries, Limited, announce payment of an interim dividend of 5 per cent. Payment will be made within tho next week or so. The chairman of directors, Mr. .T. Catchpolo, stated yesterday that the coal industry was passing through a very difficult period and the company had suffered in common with others from the keen competition which had existed for some time. Considering the adverse conditions, however, tho company had had a very satisfactory half-year. Tho interim dividend for tho corresponding period last year was. 10 per rent, and a final dividend of ]5 per cent, made tho total distribution 25 per cent., compared with 35 per cent, in the previous year. THE PRICE OF GOLD. LONDON, March 9. Gold is quoted to-day at 84s 10;{d per oz. BRADFORD TOPS. LONDON, March 9. The Bradford tops market is firm and quotations aro higher in anticipation of an advance in London to-morrow. TARANAKI OILFIELDS. [BY TELEGRAPH. —PIIESS ASSOCIATION.] i GISBORNE, Tueuday. Taranaki (N.Z.) Oilfields report as follows .-Waitangi No. 1 well: Cement at 1040 ft. proved quite effective. Gas at about 1100 ft. is giving some trouble now. Endeavouring to mud this off. PROPERTY SALES. T. Mnndeno Jackson will offer at auction at their rooms, 9, Commerce Street, at 11 o'clock this morning, 'dwelling of 5 rooms nud freehold section of 33. 3 perches, ill Mount Albert Road, Mount Koskill; and Ihe following houses at Point Chevalier: Dwelling, 4 rooms, and freehold section, 29.G percheß, Seaeombo Avenue; dwelling, 4 rooms, on freehold section, 26.4 perches; 71, Kiwi Road; and dwelling and freehold section in Moa Road.

Nat. Bank of N.Z. (late sale Monday.) o o LO 6 0 0 Nat. Bank Australasia (£5 paid) 5 2 R 8 15 7 Bank of N.Z. . . 2 8 9 5 17 7 N.Z. Insurance 2 0 li 4 18 9 8th. British Insurance 2 12 3 5 2 1 Westport Coal 14 0 7 5 10 Auckland Gas 13 3 6 17 7 N.Z. Breweries 1 17 0 6 15 2 Grey and Mcnzics (pf.) 0 9 9 8 4 1 The following Bales were also made: — Moanalniari Mining, Is 4d; ditto {Is Gd paid), Gd; King Solomon, Is fid, Is 7jd. CHRISTCHURCH EXCHANGE. Com, Bajik Aust. (2) 0 15 6 8 13 Bank of N.Z. (2) 2 8 9 5 17 7 N.Z. Breweries (4) . 1 17 0 0 15 2 Tooth's Brewery (1) . 119 10 6 10 Ditto . . .. 1 1 11 10 5 4 British Tobacco 1 9 8 6 14 11 Mount Lyell .. 1 0 11 9 11 2 Ditto . . .. 1 0 10 9 12 0 Waihi Mining 0 15 6 12 18 0 The following sales were also made: — Goldshrough-Mort, 22s; New Zealand Befrigerating (10s paid). 2s 9d; Electrolytic Zinc (pref.), 17h 3d; King Solomon, Is 8Jd, Is 8d (2); Mahakipawa, 7}d (2). WELLINGTON EXCHANGE. Bank of N.8.W. (2) . . 27 0 0 6 13 4 Bank of N.Z. . . 2 8 7i 5 17 10 Sth. British Insurance 2 12 G 5 17 Tooth's Brewery 12 0 10 4 G "Wilsons Cement 1 19 7J 6 6 2 "Wailii Mining 0 15 6 12 18 0 DUNEDIN EXCHANGE. The following sales were made:—Okarito, 7s "d; King Solomon, Is fid.