STOCK EXCHANGES.

New Zealand Herald, Volume LXVIII, Issue 20947, 10 August 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 annual 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, have not been taken into consideration. The first column gives the figures at which the sales were made: — AUCKLAND EXCHANGE. Return on Sale Price. Investment. £ e. d. £ s. d. Govt,. Bonds. 1933, 5i 99 15 0 5 12 9 South British Insur. 210 9 5 5 1 N.Z. Breweries . . 110 0 8 6 8 Waihi . . ■ • 015 7 12 1(5 s WELLINGTON EXCHANGE. N.Z. Breweries . . 1.9 6 8 9 6 The following sale also took place:'— Okarito Gold Mining, 10s. CHRIS7CHURCH EXCHANGE. Com. Bank Aus. (pf.) 5 8 0 7 S 2 Ditto .. ..5 7 0 7 9 6 Union Bank . . 6 7 0 510 3 N.Z. Breweries . . 110 0 8 6 8 The following sales also took place.— Okarito Gold Mining, 98 9d; Golden Point Mining (la paid), 13 2d (3). LONDON BUTTEB MARKET. LARGE COLD STORE STOCKS. LITTLE RUSSIAN SOLD. (Received August 9, 5.5 p.m.) LONDON, August 8. One result of the German financial crisis has been to weaken the butter market. The inability of the Germans to buy butter caused large quantities from Denmark and the Baltic States to be diverted to London, with the result that although consumption remains good, the stocks in cold store were increased largely. According to the Empire Marketing Board, the cold store stocks at July 25 amounted to 923,856 boxes, compared with 797,600 a fortnight earlier. It is significant to note that prices for Continental descriptions weakened much more than for Australian and New Zealand, and to-day's quotations for Danish are only 2s above those tor New Zealand. The newspapers have been giving prominence to the large arrivals of Siberian butter lately, but only small quantities of it are being sold, as traders are boycotting it. It is doubtful whether 10 per cent, of the arrivals have been sold, although it is 12s cheaper than Australian butter. It is estimated that there are now about 150,000cwt. of Russian butter in cold store in London. LONDON DAIRY VALUES. PRODUCE BOARD'S REPORT. The New Zealand Dairy Produce Board has received the following market report from its London office, dated August 7, prices for the previous week being given in parentheses:— Butter.—-New Zealand, salted, 108s to Ills, up to 112s (IOGs to 110s); unsalted, 112s to 114s (112s to 116s); first whey, 102s (102s); second whey, 100s (100s). Deliveries, New Zealand, 1231 tons; in store, 7481 tons. Australian, salted, lC5s to 107s (lC4s to 106s); unsalted, 106s to 110s (106s to 110s). Deliveries, Australian, 10CO tons; in stores, 2675 tons. Argentine, unsalted, 108s to 110s (108s to 110s); Irish creamery, salted, 112s; Danish, f.0.b., I.los (105s); spot, 114s to 116s (112s to 114s) : market firm; Dutch, unsalted, 108s to 112s (110s to 114s); Estonian, salted, 103s to 104s; Latvian, salted, 100s to 102s (100s to 102s) : unsalted, 102s to 103s (102s to 104s) ; Siberian, 92s to 93s (93s to 945) ; Ukranian, salted, 92s : Polish, salted, 88s to 94s (38s to 945) ; unsalted, 90s to 96s (90s to 98s). Market quiet. New Zealand retail price, Is 2d; Danish, Is 2d. Cheese. —New Zealand, white. 60s to 61s to 62s (60s to 61s); coloured, 62s to 63s to 64s (62s to 635). Deliveries, New Zealand, 15,741 crates; in store, 145.723 crates, Australian, white, 59s to 60s (59s to 60s) ; coloured, 61s to 62s (61s to 625). Canadian, white and coloured, 66s to 72s (66s to 725); this season's white, 60s to 62s (60s to 625); coloured. 61s to 62s (61s to 625) ; c.i.f., 60s (62 s). Deliveries, Canadian, 4400 boxes; in store, 170.000 boxes. English finest farmers', 703 to 75s (70s to 755). Market steady. New Zealand retail price, Bd. LOCAL MERCHANTS' ADVICES. The following cabled advices, dated London, Friday, were received by Auckland dairy produce merchants at the weekend : A. H. Turnbull and Company. Limited, from W. Weddel and Company, Limited. — "Danish butter, 114s t.o 116s: New Zealand unsalted butter, 112s to 114s; New Zealand, salted, 108s to Ills; market steady. New Zealand cheese, white, 60s to 6ls; New Zealand, coloured, 62s to 635; new season's Canadian cheese, white, 60s to 625; Canadian, coloured, 61s to 625; old season's Canadian cheese, white and coloured, 66s to 725; market steady." New Zealand Producers' Co-operative 1 Marketing Association, Limited.—"Butter depressed. New Zealand, 108s to Ills; Danish, 114s to 116s. Cheese steady, white, 60s to 61s; coloured, 62s to 635. CHICAGO WHEAT MARKET. .Received August 9, 5.5 p.m.) CHICAGO. August 8. Wheat.—September, 48 7-8 cents a bushel; December, 52£ cents; March, 55.1 cents; May, 57 1-8 cents. RABBITSKIN SALES. Catalogues were smaller at the rabbitskin sale at Dunedin last week, no doubt owinjr to tlie heavy snow which had fallen during tiie last week or two in Otago and Southland. In spite of the wintry conditions experienced so generally, a bisr proportion of the skins coming to hand are now spotted and outgoing, . and fairly large lots of springs are offered in all catalogues. The last London sales were very disappointing to shippers, low grades being almost unsaleable and furriers 10 per cent, lower. At the Dxmedin sale the demand was better than expected for inferior sorts, which sold at little change from previous rates. Winter bucks showed a substantial drop on seconds, and spotted sorts of about 6d a lb, and does were generally lower on all grades by td to Bd. Owing to the unsettled conditions on the Continent, particularly Germany, there has been very little inquiry this season for does, for which prices, especially for spotted and outgoing sorts, are low. There is little chance of improvement in prices this season for 'any skins, and trappers are not advised to hold their skins. The next sale will be on August lfi. The following is«the range of prices >- Runners, to 4Jd; summers, 4Jd; milky, 4d: springs, 9d; summer broken, 33d; third winter broken. Bid; second winter broken, lOd; first winter broken, 12Jd; second winters B.S. 12$ d; first winters B.S. 21|d: prime racks. 7d: light racks. 81d; dawn.v autumns Bid; early autumns, 13} d; late autumns, 83|d; incoming winters, 8?d: early winter bucks, 60£ d; early winter does. 25id; second winter bucks, SBM; first winter bucks, 75|d; second winter does. 29d: first winter does. 45id: prime winter does. 552 d; spotted winter bucks, 39|d; spotted winter does, 21d; second spotted vjinter bucks, 21$ d; first outgoing winter does. 20id; second outgoing winter does, Hid; autumns spotted, 9|d; late autumns spotted. 13Jd; incoming winters spotted. lGd; early winters spotted, 20d; rummer blacks. 3d: third winter blacks, Bd; second winter blacks, 12d; first winter blacks, 19d; fawns, 12d; first winter fawns, 82idj small, 2a; hareskins, 6dj