STOCK EXCHANGES.

New Zealand Herald, Volume LXVIII, Issue 20985, 23 September 1931, Page 5

STOCK EXCHANGES.

YESTERDAY'S SALES. RETURN ON INVESTMENTS. Following is a list of yesterday's transactions on New Zealand Slock Exchanges. In the second column is given the return, based on tlie last annual dividend, from investment at tho quoted price. In the case of Government anil other redeemable securities the return includes redemption. 11l calculating the returns on shares in companies which pny 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 tins sales were made: — AUCKLAND EXCHANGE. Return on Sale Price. Investment £ 8 d X a tl Bonds. 10:57. s', . . .95 0 0 1(1 7 Jna. Stk., 1937, 5' . . I)', 0 I) 6 1(1 7 A tick. Jlos. Bd., **l7, 51 Nhl. Bank N.Z. . . 3 9 li 7 310 South British Ins. . . 210 0 5 6 8 Waihi . . _. . . . 015 10 12 12 8 Waihi Junction (late sale Monday) . . 0 3 8 • 9 110 WELLINGTON EXCHANGE. Bank of N.Z. . . 2 1C 6-18 2 Nut. Bk. of N.Z. (late fale Monday) 3 0 0 7 dll CHRISTCHURCH EXCHANGE. Ins. Stk., 1037. 55 .. 95 '2 0 r, 10 1 Nat. Bk. of N.Z. . . 310 0 7 210 Bank of N.Z. . . 2 16 f. 18 2 Union Bank . . . 6 8 0 5 9 4 N.Z. Refrig. (10a pd.) 0 3!) Mount Lyell . . . . 010 0 • * The following sales also fook place:— Okarito, Bs. 7s lid, 7s lOd; Golden Point (la paid). Is OJd. Is. 'lnterim dividend reduced. WHEAT IN CANADA.' BUYING RAISES PRICE. WINNIPEG-, Sept. 21. Liberal buying cf wheat to-day appreciated values lj cents to ljj cents a bushel. A message from Calgary, Alberta, states Unit with 60 per cent, of the harvesting uncompleted snowstorms have stopped operations throughout that province. Heavy damage from frost is feared. Experimental wheat seed garnered by Government experts for 10 years, and not replaceable, was destroyed in a Government storehouse by fire. FRED SEIFERT COMPANY. VOLUNTARY LIQUIDATION. The decision to go into voluntary liquidation was made at an extraordinary meeting of shareholders of Fred Seifert Company, Limited, flaxgrowers and millers, this week. The company undertook the development of an area of land near Morrinsville. and part of its scheme has been carried out. Inability, however, to secure further finance with which to continue operations, has led to the present step. The company was registered in 1926 with an authorised capital of £IOO,OOO. MOTUROA OiL. LAST WEEK'S OPERATIONS. Moturoa Oil Fields, Limited, reports as follows for the week ended September 19: —No. 2 well (New Plymouth) produced by flowing 139 barrels' (4865 gallons) of clean oil. An attempt was made to see how the well would respond to pumping but owing to a faulty standing valve the pumping rods had to be pulled out again, and considerable time was lost over the experiment. HEMP AND TALLOW. LONDON MARKETS QUIET. The Department of Agriculture has received the following cablegram, dated September 19, from the High Commissioner for New Zealand, London: Tallow: Very little demand nt auction. Of 699 casks offered 55 were sold. In the absence of trade support, values are nominally unchanged, but the tendency is downward. Present quotations for spot are:—Mutton: Fine, 20s 6d to 21s 6d; fair to good, 18s to 20s; dark to dull, 16s to 17s. Beef: Sweet and or mixed, 21s to 225; fair to good, 17s to 20s; dark to dull, 15s to 16s 6d. Mixed: Failto good, 16s 6d to 20s; dark to dull, 15s to 16s. Gut. etc.: 15s to 16s. Hemp.—Manila: The market remains dull and declining. Closing values for "K" grade for September/November shipment, £l4. Output, from January- 1 to September 14 was 821.000 bales against 982,000 for the same period of last year. Stocks in the United Kingdom on August 31, 22.750 bales against 18.679 bales. Stocks in Manila, 127.G00 bales against 146.000. Sisal : The improvement was not maintained. SniJill business was done for October/December shipment. No. 1 fair average, quality, £l2 ss. For September/ November shipment No. 2 fair average quality sellers quote £ll 15s. New Zealand: Nominally unchanged. No first hand sales reported. Stocks in London on August 31 are nine tons against 38 tons at the same, time, last year. CHICAGO \VI IE AT MARKET. CHICAGO, Sept. 21. drain was steadier at fractional losses to-day, alter reaching new low levels for the year, the strength of the. grain marts at Winnipeg ami Liverpool being a decidedly "bullish" factor. The quotations were:—September, 47.', cents a bushel; December, 47 cents; March, 50J cents: May, 52 18 cents. THAMES TIIEATRE COMPANY. [KItOM OL'll OWN (OH 11KSPONDENX. J THAMES. Tuesday. The annual meeting of the Thames Theatre Company, Limited, was lield this afternoon, Mr. A. Burns presiding. The statement of accounts for the year showed that notwithstanding tho general depression the box office receipts of tho theatre .had been well maintained and could be regarded as satisfactory. Tho whole of the electric wiring of tho Mieatre had been overhauled during the year and was now in first-class order. After allowing for depreciation tho net profit for the year was £714. Out of this £IOO was set aside to provide for incomo tax, arid with the balance brought forward, there was £735 available for distribution to shareholders. A dividend of 8 per cent, was declared 011 the ordinary shares. The retiring directors, Messrs. G. Cullen and W. Price, were, re-elected. GOLDEN TERRACE DREDGING CO. [BY TELEGIUPH.—PRESS association.] INVERCARGIIJj, Tuesday. The Golden Terrace Dredging Company reports a wash up of 360z. for a period of six days.

PROPERTY SALE. T. Mandeno Jackson will offer at auction at 11 a.m. to-day, on the premises, 12, Oniahu Eoad. Kemuera. eeven-roonied house. The furniture and effects will bo offered ot auction immediately aiterwardi.