STOCK EXCHANGES.

New Zealand Herald, Volume LXVIII, Issue 20875, 18 May 1931, Page 5

STOCK EXCHANGES.

SATURDAY'S SALES.

RETURN ON INVESTMENTS. Following is a list of Saturday'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. In calculating the returns on shares in companies which pay their dividends outside New Zealand exchange rates, being liable to fluctuations, havo not been taken into consideration. The first column gives the figures at which the sales were made:— AUCKLAND EXCHANGE. Return on Sale Price. Investment. £sd £ a d Wilsons Cement (Idto sale Friday) . ..2 0 3 G 4 3 Waihi Mining . . . 014 G 13 15 10 WELLINGTON EXCHANGE. Bank of N.Z. . . 210 8 513 1 CHRISTCHURCH EXCHANGE. N.Z. Breweries C2) . . llt G . 7 411 The following salo also took place:— Mahakipawu (2), B}d. THE LONDON MARKETS. FROZEN MEAT. (Received May 17, 5.5 p.m.) LONDON, May IG. The weekly quotations for the undermentioned classes of frozen meat are 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 aro compiled by the Quotations Comniiftoe, Smithfield. To arrive at the equivalent ex ship values ono farthur per pound should bo deducted from the juices quoted below. Quotations given represent the average for the week and are not selected lines, but for parcels fairly representative of the bulk of shipments now on offer. New Zealand Frozen Sheep.—Canterbury and North Island selected crossbred wethers and maiden ewes, 481b. to 561b., 4jd; 571b, to 641b., 4d; 651b. to 721b., North Island crossbred wethers and maiden ewes, 481b. to 561b., 4 l-8d ; 571b. to 641b., 3|d; 651b. to 721b., 3 5-8 d; ewes, under 481b., 3 5-8 d : 481b. to 641b., 3£d; 651 h. to 721b., 3 l-Bd. Australian Sheep.—First quality crossbreds and/or Merino wethers, 401b. to 651b., 3 3-8 d; 301b. to 551b., 3 3-8 d; ewes, 301b., to 551b., 3Jd. Argentine Sheep.—First quality, crossbred wethers, 481b. to 641b., 3 7-8(1; 651b. to 721b., 3 3-8(1; over 721 h.. none offering. Patagonian Sheep.—Wethers and or maiden ewes, under 501b., 3 5-8(1; 501b. to 601b., 3 3-8(1. New Zealand Lambs. —Canterbury, 361b, and under, 7 3-8 d ; 3711>. to 421b., 7-4 d ; 4311) to 501b., 7 -4 c l; second quality, average 301b., 6 l-8d; other South Island brands, 361b. and under, and 371 b to 421b., 431b. to 501b., 7^d; selected North Island brands, including Downs, 361b. and under, 7jd; 371b. to 421b., other North Island brands, first quality, 361b. and under, and 3711). to 421b., 6;jd; second quality, average, 301b., 6d. Australian Lambs. Victorian, first quality, 361b. and tinder, sjd; 371b. to 421b., sjd; second quality, 361b. and tinder, 4£d; other States, first quality, 361b. and under, sd; Victorian, second quality, 361b. and under, other Stales, second quality, 361b. and under, sd; all States, third quality, s|d. Argentine Lambs.—First quality, 361b. and under, s^d; 371b. to 421b., s|d; second quality, averago 301 b., s^d. Uruguayan Lambs. —First quality, 361b. and under, 64c1; second quality, average 301b., second quality, averago 371b. to 421b., 5 l-8d; third quality, average 301b., sd. New Zealand Frozen Beef.—Ox fores, 1601b. to 2201b., 2jd; other sorts, none offering. Australian Frozen Beef.—Ox crops, under 1001b., 2'd; over 1001b., 23-8 d ;ox hinds, under 1601b., over 1601b., 3 3-Bd. Argentine Chilled Beef.—Ox fores, 1601b. to 2201b,, 25-8 d; ox hinds, 1601b. to 2201b., sjd. New Zealand Pigs.—First quality, 601b, to 1001b., average 901b., 6d; 1011b. to 1201b., s^(l. All other sorts aro unchanged. COTTON, RUBBER, JUTE, ETC. (Last week's prices in parentheses.) Cotton. —Juno delivery, 5.10(1 (5.29 d) per lb. Rubber. —Para, 4 1 -8d (4 l-8d) per lb.; plantation and smoked, 3 1-8(1 (3 l-8d) per lb. Jute. —May-Juno shipments, £l6 12s 6d (£l6 7s 6d) per ton. Copra.—June shipments, South Sea, £l2 10s (£l2 15s) per ton; plantation, Rabaul, £l2 12s 6d (£l2 17s 6d) per ton. Linseed Oil. —£16 10s (£l7 17s 6d) per ton. Turpentine.—43s 6d (43s 6d) per cwt.

The Bank of New Zealand has received the following cablegram from its London office as at close of business last week: — Wethers: The market is becoming firmer owing to small supplies available. Ewes: The market has improved owing toi short supplies. Lambs: The advance in prices has checked the demand. It is thought prices will remain steady at present quotations. Beef: The market is depressed owing to heavy stocks of Argentine. Wethers, light, 4d to 4£d a ,Ib.; heavy, 3,Jd to 3Jd. Ewes, to Lambs, twos, 7d to 7£d; eights, 7d to 7^l; fours, 7d to 7^l; seconds, sj|d. to 6|d. Ox hinds, 3|d to 3£d; fores, 2d to 2,jd. Cow hinds, 3d to 3]d; fores, l|d to 2d. STOCK SALES. MORRINSVILLE QUOTATIONS. The Farmers' Co-operative Auctioneering Company, Limited, reports:—At the ilorrinsville stock salo on Friday lienvy yurdings of sheep and cattle were penned. Late rates wero maintained throughout. Bacuners and porkers met with spirited bidding, all classes selling at increased prices on recent • sales. Quotations: —Sheep: Fnt wethers, 12s to 15s lid- fat ewes, 8s 3d to 10s 6d; fat. lambs, heavy, 10s lid to 15s; lighter, 9s to 10s; store lambs, 0s to 7s Cd; store ewes. 4s 3d • four and six-tooth ewes, 15s; four and five-year ewes, 5s 3d to 5s Bd. Cattle: Fat heifers. £5 12s Gd to £G 10s; fat cows, heavy. £5 to £5 8s; medium, £3 16s to £4 10s; light fat cows. £2 12s Gd to £3; fresh-conditioned cows, £2 to £2 10s; store cows, £1 0s to £1 17s; boners, 15s to £1 7s; grown Polled Angus and Hereford bullocks. £5 2s (id to £5 15s; grown mixed coloured bullocks. £< 7b Gd; yearling steers. Holstein. £1 9f>: heifer calves, choice, £3 Is; others, £1 to 31s- bulls, £1 4s to £3 12s Gd. I'igß: Heavy bnconers. £3 4s to £3 Os: medium baconers. £2 17s to £3 ; light, £2 18s to 12s -. heavy porkers. £2 3s to £2 7«; light porkers. 33s to 365; unfinished porkers. 27s to 30s: slips lGs to £1; wonders, 8s to 13s Gd. Choice dairy heifers made £7 10s to £9 15s. DAIRY STOCK AT ROTO-O-RANGI. Daleety nnd Company, Limited, report having held a successful sale of dairy cows and heifers on account, of Mr. V. H. Nolan on his propert at Roto-o-rangi on Friday. There was n good attendance of buyers, the stock was in capital condition and wero all from cows testing over 3001b. fnl. The quality was good and the majority were showing up well The following were the prices obtained .—Extra quality heifers, to £ll ss; Rood heifers. £7 to £8 ss; moderate heifers, £5 10s to £(1 2s Cd: Jersey cows, early cßlvers, £8 to £10; backward cows, £5 10s to £7 fc.