STOCK EXCHANGES.

New Zealand Herald, Volume LXVIII, Issue 20893, 8 June 1931, Page 5

STOCK EXCHANGES.

SATURDAY'S SALES.

RETURN ON INVESTMENTS

Following is a list of Saturday's trans- i actions on New Zealand Stock Exchanges. 1 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 i companies which pay their dividends outside New Zealand exchange rates, being t 1 liable to fluctuations, have not been taken into consideration. The first column gives the figures at which the sales were made:— 1 AUCKLAND EXCHANGE. Return oil Sule Price. Investment. £ s d X h (1 Bank of N.Z. .. '2 8 0 5 19 5 CHRISTCHURCH EXCHANGE Coin. Bank Ans. (pf.) 5 5 0 712 4 Bank of N.Z <2 8 <5 5 18 2 Union Bank of Aust. 7 8 (5 (5 14 8 N.Z. Guarantee Corp. 0 5 4 9 7 (i The following sale also took place:—New Zealand Refrigerating (10s paid). Us Bd. NEW COMPANIES. SOUTHERN REGISTRATIONS. The following private companies have been registered in Southern.centres: — Rotor -Motors, Limited, Hastings, to purchase or otherwise acquire a certain invention, being a new principle and improved type of rotary engine and pump, and to manufacture, develop and market < (he said invention, etc. Capital, £SOOO in £1 shares. Subscribers: L. A. Marshall 1911 shares; S. D. Marshall, 1029 shares; F. T. Wilton, 800 shares, J. C. K. Allen, 600 shares; J. Wjirnock, 260 shares; F. F. E. Wilton, 200 shares; J. W. Hallett, 120 shares; D. A. BakerGabb, 80 shares. J. Wright, Inglis, Limited, Wellington, advertising agents, etc. Capital, £4OOO in £1 shares Subscribers: A. D. Paisley, 2550 shares; .T. I. Wright, 800 shares; F. M. Clarke, 650 shares. Budget, Limited Dur.edin, printers, publishers, lithographers, bookbinders, stationers, etc. Capital, £2BOO in £1 shares. Subscribers: G. Davis, 2100 shares; A. E. Pay ton, 700 shares. Ilaugh and Beattie, Limited, Dunedin, land agents and builders, etc. Capital, £2OOO in £1 shares. Subscribers: D. H. Ilaugh and A. Beattie, 1000 shares each. LONDON MEAT MARKET. LAMB PRICES IMPROVE. The Bank of New Zealand has received the following advice from London:—lhe market for second-quality wether mutton is firmer; firsts are steady. The market for ewes is becoming firmer owing to small supplies available. Ihe lamb market has improved and there is a good demand; prices are a shade higher. 'lhe beef market is depressed owing to absence of demand Quotations:—Wethers, light, 4jjd to sjd per lb; heavy, 4 l-8d to 4 5-8 d ; ewes, 3J,d to 4|d; lambs, twos. to 8d; eights, 7d to 7jjd; fours, 7d to 7£d; seconds, 6|d to 7d; ox hinds, 3£d to 3sd; fores, 2Ad to 2jjd; cow hinds, 3d to 3jd; fores, 2|d to 2£d. • DOMINION WOOL SALES. PAST SEASON'S OFFERINGS. A total of 439,417 bales of wool was sold at New Zealand sales during the 11 months ended May 31, 1931, compared with 416,253 bales sold during the corresponding period of the previous season. Offerings over the period at 488,731 bales, however, were 7699 bales lower. A total of 55,090 bales was offered in Auckland during the 11 months, and 44,446 bales sold, compared with 55,229 and 44,029 respectively. Wool exports for the 11 months were 626.761 bales, compared "with 536,106 bales for the corresponding period of 1929-30. FLAX-GRADING RETURNS. TOTALS FOR THE DOMINION. A marked decrease is revealed in a return showing the quantities of hemp, tow and stripper slips graded at the various ports of the Dominion during May, compared with the totals for the same month last year. 'lhe total amount of hemp graded at Auckland, Wellington, Foxton, Picton, Blenheim, Dunedin, Bluff, Christchureh and Lyttelton last month was 1409 bales, compared with 4623 bales in May of last year, a decrease of 3214 bales. The largest quantity graded was in the low fair section, with bales, there being 536 bales of high fair, 148 of good fair, 55 of common and 47 of rejects. The largest quantity was graded at Wellington, where there were 664 bales. There were 287 bales of hemp graded, compared with 1155 bales in the corresponding month last year, a decrease of 868 bales. Over 75 per cent, of the total quantity last month was second grade, there being no first grade, 67 bales of third grade and three condemned. In this section also, the greatest quantity was graded at Wellington, where 120 bales woro handled. No stripper tow was received at any port. Stripper slips were confined to the Bluff and Dunedin, there being 20 bales graded at Dunedin and four at the Bluff. The whole amount was second grado. In May of last year, the total was 84 bales, last month's return showing a decrease of 60 bales. The flax-grading returns for the port of Auckland for May are as follows, those for the previous month being given in parentheses: — Hemp. —Ilicch fair, 31 bales (358 bales): low fair, 152 bales (nil); common, 13 bales (17 bales); rejects, nil (2); total, 196 (424). Tow. —No 1, nil (12 bales); No. 2, 29 bales (66 bales); No. 3. nil (11 bales); condemned, 1 (1); total, 30 ( 90). BORING FOR OIL. OPERATIONS AT MOTUROA WELL. [BY TELEGRAPH.—OWN COHnESI'ONDENT.] NEW PLYMOUTH, Sunday. The directors of the Blenheim Oil Well Reclamation Company, Limited, have decided upon a change, in the method of production used so far in tile well at Moturoa. From May 20 to June 1, restricted swabbing operations were carried out, but since Juqe 1, the well has been closed down with the gas pressure remaining steady at about 3001b. a square inch! To supersede swabbing, which is liable after a time to be injurious to the well, a pump is to be used. The company is employing Mr. G. Bisset, who has had considerable experience of Mexican and Venezuelan oil fields, to take charge of the work. Mr. Bisset states that the Blenheim well is in good condition and provides a hopeful indication of a potential oil field. Efforts to win the oil in the past have, he believes, not been properly controlled.