STOCK EXCHANGES.

New Zealand Herald, Volume LXVIII, Issue 20880, 23 May 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 I lie last dividend, from investment at the quoted price. Ia the caso of Government and ot her redeemable securities the return includes redemption. In calculating the returns on shares in companies which pay their dividends outside New Zealand exchange rales, being liable to fluctuations, have not been taken into consideration. The first column gives (lie figures at which the sales were made:— AUCKLAND EXCHANGE.

REVIEW OP THE WEEK. GILT-EDGE MARKET STEADY. BUSINESS ERRATIC. Business on the Auckland Slock Exchange over the past week has been rather erratic. A comparatively small volume of sales was put through on Saturday and Monday, hut Tuesday saw the heaviest trading for several weeks. Business over the past three days, 011 the other hand, has been below normal. Prices have also been rather erratic, but any general tendency has been toward lower levels. The gilt-edge section has been well supported throughout and a rather healthy volume of sales has been put through in this section on a steady market. Activity in bank shares has been well below normal, the market generally closing with a slightly--.easier tone. Insurances have been quietly steady, South British gaining 3d over the week. Loan and agency shares have been neglected. Auckland Gas have met with a steady inquiry right through, gaining Id over the period. NewZealand Breweries moved iy> Is early in the week to weaken again at the close. The miscellaneous group has been quiet. Wilsons Cements attracting the most attention. The market for these shares lost 9d early in the week to improvo slightly at the close. Colonial Sugars held fairly steady. In the mining group both Waihis and Waihi Junctions have been active on a firming market. LONDON MEAT MARKET. " LAMB AND MUTTON FIRM. Dalgety and Company, Limited, has received the following cablegram from London: —Frozen meat: New Zealand prime Canterbury lamb, 281b. to 361b., 7§d a lb; North Island, 7d; Canterbury, second quality, 6d; North Island, s>jd; the market for New Zealand lamb is firm and tho demand is better. New Zealand prime Canterbury mutton, 481b. to 561b., a lb.; North Island, 4Jd; New Zealand prime Canterbury ewes, 481b. to 641b., 3^d; North Island, 3gd; the market for New Zealand mutton is very firm and tending upward. The demand is active. Beef: New Zealand prime ox hinds, 3]d a lb.; fores, 2d; the market for New Zealand beef is unchanged and the demand is poor. Pork: English pork, 801b. to 3001b., 9d a lb.; New Zealand porkers, 801b. to 1001b., sjd; 1001b. to 1201b., sd: the market for New Zealand port is dull and the demand is poor. ZINC CORPORATION. NO FINAL DIVIDEND. [I)Y TELEGRAPH. —PRESS ASSOCIATION.] WELLINGTON. Friday. The Stock Exchange Association of New Zealand has received Lhe following cablegram from the Zinc Corporation, London : " The directors announce that after making provision to meet the fall in valuo of stocks of inetals and concentrates on hand at December 31 last, they are unable to recommend payment of a final dividend for 1930. The reports and accounts will be issued to shareholders toward the end of Juno and tho annual meeting will be held at the beginning of July. The dividend on tlie cumulative preference shares for the half-year ending June 30 will bo paid, less English income tax. on July 1 in English currency to shareholders on both tho English and the Australian registers. The company paid a dividend of 7s 6d a share on the preference shares and 3s 6d a share 011 the ordinary shares for 1929. An interim dividend of Is 6d was paid on tho ordinary shares last January. Tho interim dividend on the preference shares payable next, month should be 10 per cent. MELBOURNE PRODUCE. MELBOURNE, May '22 The following, are to-day's quotations on tho Melbourne produce markets: —Wheat, 2s 8d to 2s 9d; flour, £7; bran, £4; pollard, £4 10s; oats, 2s Id; barley, 2s 8d to 2s 9d; maizo, 4s Id. RABBITSKIN SALES. 3 • LONDON, Muy 21 '1 At the rabbitskin sales 1371 bales were j offered and 521 sold at lato rates lo H per cent, lower. Furriers' soils were neglected. There was a moderate demand 3 for hatters' sorts. 3 ■ Q CHICAGO WHEAT MARKET. t CHICAGO, Muy 21 0 Wheat.—May, 86 cents a bushel; July, cents; September, 59i cents; DecemX bcr, 62£ cents. 3 LONDON TALLOW MARKET. 0 Tho New Zealand Loan and Mercantile 1 Agency Company, Ltd., has received the following advice from London:—la]low Fine mutton, 22s per cwt.; good beef, 22s mixed, 19s. Markets depressed owing ti South -American weakness.

Return on Kale Price. Investment. £ e d £' s d War Bonds, 1938, 4Jp.o. (late sale Thurs.) 93 10 0 4 15 2 Ilia. Stk., 1027-11, 51 P.c 97 0 0 5 13 0 Bk. of N.Z., D prof. X 6 G 5 13 2 South British Tns. (Into sale Thursday) 2 12 0 5 2 o Auckland Gas (con.) 0 17 0 7 12 Wnilii Mining (3) 0 14 a 13 12 8 Waihi Junction 0 2 7 3 4 G WELLINGTON EXCHANGE. Ins. Stk., 1030, 51 .. Union Bank (2) 99 5 0 5 13 0 7 12 0 Gil 7 Staples' Brewery 1 14 0 5 17 8 Ditto .. 1 13 9 5 18 0 _ The following sale Staples' Brewery, ;i!a also took place Sd. CHRISTCHURCH EXCHANGE. Aus. Bank Com. 0 14 2 7 12 Ditto 0 14 0 7 2 10 Com. Bank Aus. (2) 0 14 2 8 10 5 Nat. Bank N.Z. .. 5 10 0 5 9 1 Union Bank (2) 7 12 0 6 31 7 Ditto (2) 7 11 0 0 12 5 Nat. Insurance 0 12 10 5 10 11 Goldsbrough-Mort 0 19 6 N.Z. Breweries 1 15 2 7 2 2 N.Z. Drug .. 2 12 0 7 13 10 The following gale also took place:— Electro Zinc, pref., 14s lOd. ( * Interim dividend passed. DUNEDJN EXCHANGE. Nat. Insurance 0 12 10 5 10 11 Christchurch Gas 1 5 1 0 7 7 The following sale also took place:— Knij,' Solomon, Is 10d