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 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.
PRODUCE EXPORT. ALLOCATION OF SPACE. AUCKLAND'S LARGE SHARE. Shipping space for 528,500 boxes of butter and 97,010 crates of cheese has been allotted by the Dairy Produce Board to steamers leaving New Zealand for the United Kingdom between September 12 and October 31. Of these amounts the Auckland Province will export 382,400 boxes of butter, or about 72 per cent, of the total Dominion allocation, and 28,177 crates of cheese, or approximately" 29 per cent, of the total allocation. In the following" table the allocations for butter (boxes) are mentioned first and those for cheese (crates) second:— Due From N.Z. Steamer. Sails. U.K. Auck. Totals. Rangitane . Sept. 12 Oct. 15 54,000 60,000 2,357 15,500 Maomoa .. Sept. 15 Oct, 26 Pt. Gisborne Sept. 22 Oct. 28 16.700 20,000 3,920 7,000 Herminius Sept. 22 Oct. 30 49,000 53,500 Remuera . Sept. 30 Nov. 5 63,500 86,000 500 1.500 Mahia .. Oct. 8 Nov. 14 37,000 60,000 4,(W0 12,300 Somerset . < Oct. 10 Nov. 16 43,500 57.000 6.500 17.000 Tongariro . Oct. 14 Nov. 19 Kent .. Oct. 20 Nov. 26 39.700 57J000 6,500 16,340 Corinthio . Oct. 20 Nov. 28 22.000 39.500 Port Alma Oct. 31 Dec. 8 57.000 80,000 4,400 16.400 The Rangitane, Herminius, Remuera, Mahia, Somerset Kent and Port Alma will sail from Auckland, and the Maimoa, Port Gisborne,. Tongariro and Corinthic from Wellington. The Tongariro's shipment is for the West Coast of Britain and the shipments by the Port Gisborne and the Kent partly for West Coast ports. CANADIAN WINE. IMPROVING THE QUALITY. OTTAWA, Sept. 2. Ontario wine producers and Federal Government officials discussed regulations which are proposed to bring Canadian wine to the standard of quality necessary to meet Australian ftnd .European competition. The Government recently provided for tax-free fruit spirits to be used in this year's vintagfc, -replacing sugar.
NEW PRIVATE COMPANIES. The following private companiqs have been registered at Auckland: — Onchunga Vulcan Ironworks, Limited, engineers ,and steohvorkers. Capital, £ISOO, in £1 shares. Subscribers: P. Hanscll, J. Armstrong, J. Milnes and W. P. Brown, 375 shares each. Garnet Keene, Limited, to take over the business of Garnet Keene and carry on .business as electrical and general engineers. Capital, £ISOO, in £1 shares. Subscribers: G. Keene, 1000 shares; M. A. Keene, 450 shares; S. Oldcarn and R. H. Barnsley, 25 shares each. F. W. Cave, Limited, to carry into effect a memorandum of agreement for the purchase of the business carried on by F. W. Cave, and to carry on business as representative of motor accessory and ieplacement manufacturers. Capital, £IOOO, in £1 shares. Subscribers: F. W. Cave, 998 shares; E. M. Cave and K. E. Hanis, one share each. SEARCH FOR OIL. OPERATIONS AT GISBORNE. Taranaki Oil Fields, which is conductinT drilling operations at Gisborne, ioports as follows for the week ending August 29:—The milling of the. casing is proceeding. Have cut away 10ft. 9m. of steel. ———- • f LONDON TIN STOCKS. LONDON, Sept. 2. The stocks of tin are:— Visible, 50,914 tons; spot, 3078; afloat, 385; deliveries, 1861. ■ ' CHICAGO WHEAT MARKET. CHICAGO. Sept. 2. Wheat.—September, 45 5-8 cents a bushel; December, 48£ cents; March, 51$ cents; May, 63 5-8 cents.
Return on Sale Price. Investment. £ a. d. £ a. d. Govt. Bonds. 1937, i 5i (2) 95 10 0 6 8 6 Ins. Stk., 1937. 5i . 95 15 0 6 7 5 Ditto 95 10 0 6 8 6 War Bonds, 1938, 41 . 95 10 0 5 5 9 Com. Bank Aus. . . 0 13 5 8 7 8 Ditto (late sale Wed.) 0 18 6 8 6 8 Nat. Bank of N.Z. 3 8 Y 7 7 1 Bank of N.Z. (2) . 2 4 6 9 9 N.Z. Insurance . . 1 17 9 5 6 0 Westport Coal (2) . 1 8 6 * Auckland Gas 1 3 1 6 17 7 Ditto (con.) 0 17 0 7 12 N.Z. Breweries 1 8 10 8 13 5 Farmers' Trading . -. 0 5 10 10 19 5 Milne and Choyce (deb. stk.) 0 17 9 * The following sale also took place:— King Solomon. 2s 4d. WELLINGTON EXCHANGE. Govt. Bonds, 1937, 5} (late sale Wednes.) 96 0 0 6 6 4 N.Z. Kefrisr. (10s paid) 0 3 6 — CHRISTCHURCH [ EXCHANGE. Ins. Stk., 1937, 6i .. 95 12 6 6 7 11. Ditto . . 95 5 0 6 9 7 Ditto. 1951, 5} .. 95 10 0 5 17 10 Gov. Bonds, '37. 6i (2) 95 2 6 6 10 I Ditto. 1938, 4i ■• . 95 10 0 5 5!) Ditto '95 7 6 5 6 2 Com. Bank of Aus. 0 13 5 8 7 8 E.S. and A. Bank .. 3 11 0 * Ditto 3 12 6 * Bank of N.Z. . s 2 4 2 6 9 10 Ditto (3) . . 2 4 0 6 10 4 Goldsbrough-Mort . * 0 17 4 5 15 4 ' Ditto 0 18 0 5 11 1 N.Z. Guar. Corp. i 0 4 9 * Ditto 0 4 10 • United Building (2) . 0 14 9'6 15 7 Ditto .. ... 0 14 8 6 16 4 N.Z. Refrig. (10s paid) 0 S G — Tooth's 0 17 0 • British Tobacco (3) 1 3 6 * The following sales also took place:— Kin? Solomon, 2s 5d (2); Cornish Point, Is 2Jd (5), Is 2d. DUNEDIN EXCHANGE. Govt. Bonds, 1937, 51 95 10 0 6 8 6 The following sales also took place:— King Solomon, 2s 3d, 2s 4Jd; Okarito, 9s 6d (2) (late sales Wednesday). •Interim dividond reduced,
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New Zealand Herald, Volume LXVIII, Issue 20969, 4 September 1931, Page 5
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983STOCK EXCHANGES. New Zealand Herald, Volume LXVIII, Issue 20969, 4 September 1931, Page 5
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