FINANCE AND COMMERCE.
IMPORTED SEED. A DISTINGUISHING STAIN. [THE PEESS Special Service.] WELLINGTON, November 15. Tho possibility of a greater export trado for New Zealand-grown seeds was referred to by the Minister for Agriculture (Mr Hawken) in the llou.so to-day, when the Seeds Importation Bill was under consideration. Mr Hawken explained that the object of the Bill was to prevent imported seed from being sold as locallygrown seed and from being exported as New Zealand seed. Three seeds — v.hito clover, cocksfoot, and lucerne—were affected, and the proposed method of treating them was easy and inexpensive and did not interfere with germination. The proposed staining of imported seeds to distinguish them from the local seeds would give the New Zealand-grown seeds a better chance in the market, and eventually it might bo possible for the Dominion to export a larger quantity of its j-eeds. Experiments had shown that ]\aw Zealand lucerne was as good as, if not better than, any imported, ■while white clover, with one exception, was better than any other clover in tho world. The farmers of the Dominion should have the opportunity of distinguishing imported from local seeds, and tho Bill provided that opportunity The staining of imported needs would be of considerable help to the New Zealand seed-grower. In the debate which followed, tho Bill was commended by members, some of whom considered, however, that the proposal did not go far enough, and) that tho House should be given an idea of tho regulations proposed by the measure. Replying, Mr Hawken. said that farmers, if they were at all patriotic, eliould use New Zealand seeds whenever they could obtain them. There was nothing in the talk of "Government by regulation." If members had to wade through nil the regulations necessary to give effect to legislation they would be in session all the year round. He added that the imported! eeeds in Now Zealand at present would not bo interfered with in any way. The importation of seeds was a question of vital moment, and thd regulations were being tightened up to prevent as much as possible the introduction into the Dominion of seeds and diseases "I believe it would be a good thing," added Mr Hawken, "if a seed-growers' association wore formed in the Dominion. It would work with the merchants and see to it that all the seeds sold are certified, are pure, of good germination, and according to description. New Zealand is a great place for seed-growing." The Bill was passed. LAMB EXPORT SEASON. AUCKLAND PREPARATIONS. [THE PEESS Special Service.] AUCKLAND, November 15. In view of the early opening of the lamb export season, a Pressman this morning interviewed Mr J. E. Makgill, chairman of directors, and Mr T. Simeon, general manager of the Auckland Farmers' Freezing Company. They expressed the opinion that while the prospects for pastoral and dairying districts were bright, it was well to realise that the high opening prices might not necessarily be maintained. Much depended upon the kind of weather that prevailed during tho o«ct few mouths.
Speaking of tho Jamb export trade, Mr Sirason said that to a small extent it had already commenced, some eratiignmenta being on their way to England. In anticipation of the rush chat would soon occur, tho company was opening the works at Moerewa or the 28tb of this month. From tlie beginning of next month a steady stream would pour into the company's three works, the combined capacity of which wa« about 8000 carcases per day. The rush would be sustained for a ■ few months, but its extent would be rogulated by the kind of season experienced. WORKSHOP EQUIPMENT. [THE PEESS Special Service.] WELLINGTON, November 15. Increases in'the British engineering trade are reported by the British Trade Commissioner (Mr L. B. Beale). The New Zealand Government has placed a contract for cranes for the new railway workshops with six British firms. Included in this are 120 jib cranes from the Patterson, Hughes Engineering Co. Ltd., Glasgow, 120 t'lectric hoist blocks from Herbert Morris, Ltd., Loughborough, four freight elevators and seven three 10-ton, and 12 5-ton travelling cranes from the Clyde Crane and Engineering Co., Ltd., Mossend, and reven 2-ton travelling cranes from Craven Bros., Ltd., Manchester.
PROPERTY AUCTION. BEVERLEY NOT SOLD.
Jlr Charles Clark offered by auction at his rooms yesterday afternoon, "Beverley," the residence of Mr George E. Rhodes, on Clyde road and Carlton street, Fendalton. Bidding was not very keen and after rising from £6OOO the property was withdrawn at £BSOO. The residence stands in an area of 6 ■crea 2 roods 35 perches, pleasingly laid out. On the north the grounds sre bounded by tho river Avon.
OIL. EAST COAST OPERATIONS. (PBESS ASSOCIATION TELEGRAM.) GISBORNE, November 15. Taranaki Oil Fields report:—Waipu No. 2 *ell sunk to a depth of 2540 ft in grey •hale; BJ-inch casing to 2516 ft. Gisborne *o. 1 well—Depth 1480 ft in blue sandy -.tale; 10-inch casing down to 1460 ft. METALS. (Received November 15th, 7.40 p.m.) LONDON, November 14. Copper—Standard, spot £SB 13s lid per Ion: forward. £SB lis IOJd per ton. Llectrolytic—Spot £63 10s per ton; forward £64 per ton. Wire Bars—£64 per ton. Lead—Bpot £2O 15s per ton; forward £2l Cs 3d per ton. Spelter—Spot, £2G per ton; forward £26 15« per ton. Tin—Spot £264 15s per ton; forward £258 Si Cd per ton. Silver —Standard 26 13-16 d per oz; forward 28 15-16 d per oz. Concerns merchandising products of pjod quality can develop the unEiraJJeled sales opportunities in Canrbury most effectively and most economically through the advertising columns of The Pbes3. — Q
CANTERBURY MARKETS FURTHER POTATO ADVANCE. (BI OU3 COMHEBCIAL EDITOR.) Tuesday Evening. ' Carnival Week has interrupted tbc 1 calm tenor of the market's way during ! the past week, but one outstanding i fact is that the price of potatoes lias j leaped gaily ahead. A few weeks ago j values were below £3 a ton on trucks, I and to-day they are £6 lUs. The f.0.b., I s.i. price is £3 with quite a lair dej mand. Auckland, continuing its pol- ' icy of "wait and see," found itscit in ; the space of a tew days in dire want, , and as consigned tubers dropped to a ; disappearing point, feverish inquiries set m from the north. A fair quan- ' tity of tubers is being produced to ! meet the demand, the Katoa on the i Bth taking 4000 sacks, with the Kurow I nest Thursday taking further supplies, hut stocks locally are becoming very short. The northern absorption is likely to reduce supplies to an extent that will seriously affect the local position for the next few weeks, as it is felt that potatoes will he required here : until at least the holidays. In the meantime, farmers can receive £6 10s on trucks. A factor in the local prospects is that the frosts of the past week will delay supplies coining forward. Other Produce. Practically the only other item of news is that oats have been sold to Sydney, which indicates that the drought is still in existence in parts there. A proportion of the business is ■• the completion of contracts. j Fowl wheat is very firm, being ; quoted at 6s lOd f.o.b. Quotations. The following are quotations for produce, to be paid to farmers, sacks extra except where otherwise stated: — Wheat—6s 3d per bushel for Tuscan; up to 6s 6d for Hunters. Oats—Gartons 2s 6d to 2s 9d a bushel; Algerians 2s 6d to 2s 9d; Duns, 2s 6d to 2s 9d. Chaff—£3 per ton. Potatoes—£6 10s a ton Bed Clover—To lOd a lb. White Clover—Bd to 9d a lb. Perennial Ryegrass—2s 6d to 2s lOd per bushel. Italian Ryegrass—ls 6d to Is lOd per , bushel Cocksfoot—7d per lb. Linseed—Up to £l3 10s per ton. Bran — £5 10s per ton, f.0.b., southern ports; 10s extra for smaller packings. Pollard—£7 10s per ton, f.0.b., southern ports; 10s extra for smaller packings. Flour—Local wholesale price, £l7 10s per ton for 2001b sacks with the usual increments for smaller packings. Price for shipment, £l7 10s per ton, freight paid to main New Zealand ports. AUCKLAND MARKETS. [THE PRESS Special Service.] AUCKLAND, November 15. The potato position has been somewhat partially relieved by the arrival o! the Katoa with 4000 sacks of southern tubers aboard. They are to be followed by a consignment of 2000 sacks by the wingatui, now on the way up. These arrivals have come to a bare market, and will all be needed before the Kurow arrives with another lot at the latter end of next week. Local values have increased another £1 a ton, and to-day £lO 10s per ton is asked for ex wharf lines and £ll through store. The position, which has been brought about by the lateness of the Pukekohe crop, is admittedly a difficult one. Despite tho firmness of the market and the keen demand, merchants hesitate to purchase, oxcept for bare requirements, for, at this time of the year, old potatoes are in Auckland an exceedingly perishable product. The onion market is unchanged. Maize is firmer. A consignmeut of 800 tons of South African came by the Mahia, but did not depress the market. There is no change in oats and chaff, while bran and pollard aro -'n ample supply. Wholesale current prices are:—Local sharps £8 5s per. ton, Australian £9 10s; bran, £5 15s per, ton; oat pollard, £8 IDs per ton; New Zealand oats, seed, B Gartons 4s 4d to 4s 7d per bushel;' wheat, New Zealand and Australian, 8s Gd to 8s 9d per bushel; maize, ex store 6s, ex wharf 5s 6d per bushel; barley, feed 5s 9d per bushel, Capo seed 7s 6d per bushel; maize meal,'lss 6d per 1001b; barley meal, 13s per 3001b; chaff, Blenheim g.b.o.'s £9 10s per ton, ex store, Canterbury £9 10s; potatoes, table southern £9 to £lO per ton; onions, Canadian, in bags 17s, in cases 18s 6d. RANGIORA MARKET. There was a fair entry at the Rangiora market yesterday, considering the wet weather. The Bheep pens contained 534, including lambs, the cattle pens 28 head, and 235 pigs were forward. Small lots of fat ewes in the wool were sold at 34s 3d to 35s Id, and the stores disposed of were: 133 ewes and lambs at 15s Id, 128 at 15s Id, and 64 two-tooth wethers at 20s. The prices realised for cattle were: Cows in profit £6 to £0 10s, springers £B, spring- . ing heifers £3 2s 6d to £6 15s, store heifers £3 2s 6d, store cows £3 to £5, Holstein bull £lO, Shorthorn bull £lO 15s, other bulls £7 to £7 15s.
Heavy bacon pigs made £4 2s 6d to £4 lis 6d, medium weights £3 12s 6d to £3 178 6d, light £2 8s 6d to £3 5s 6d, porkers 38s 6d to 595, stores 28s to ' 345, large weaners 20s to 28s, small 14s to 19s. Poultry—-"Roosters sold to 8s a couple, hens 6s, and ducks 5s 6d. Chickwheat made 15s to 24s a sack, oats 10s to 15s, meal 5s to 7s 6d, oatsheaf chaff 4s 6d, store chaff 2s, potatoes 16s, pig potatoes 2s to 48, onions 2s 6d to 4s a petrol tin, lettuces 2s a dozon, rhubarb 4s a dozen bundles, apples 2s to 5s a case. Halfbred sheepskins 15s to 16s, crossbred 12s 4d to 15s, hogget skins 9s 6d to 10s, dead wool Is lb, crutchings 5d to 6d lb, calfskins 4s to ss, hides 5d to 7d lb, fat lid, horsehair Is 6d to Is 9d.
ASHBURTON MARKET. There was a fairly 'good attendance at the Ashburton yards yesterday, when there was an entry of 679 sheep and 14 head of cattle. The fat sheep comprised 174 ewes, 94 wethers, and 14 hoggets. There were few very prime ewes and some good wethers, but many of those in the fat pens were only of medium quality. The sale, however, was a most animated one, with keen competition, mainly owing to local butchers having run short of supplies since the sale at the Tiqwald yards two weeks ago, and there was a substantial rise in prices. Mr T. Page, of Seaview, topped the market with 45s for a line of six ewes in the wool. Other pens of ewes sold at prices ranging from 29s 5d to 41s for woolly ewes, and 20s to 32s for shorn ewes. Shorn wethers brought from 24s 9d to 33s lOd, and those in the wool 35s to 445. The principal sales were:— Ewes —Shorn: 13 at 24s 9d, 8 at 33s 9d. 2 at 21s Gd, 15 at 20s, 9 at 28s 7d\ 7 at 325. In the wool: 8 at 28s 6d, 8 at 36s Gd, 6 at 345, 3 at S2s 9d, 3 at 35s 3d, 12 at 335, 11 at 27s Id, 5 at 32s 7d, 2 at 275, 2 at 40s 3d. 3 at 29s sd, 5 at 34s Id, 4 at 455. 5 at 34s Id. 8 at 40s, 4 at 31s 6d. 2 at 295, 4 at 36s 3d. Wethers—Shorn: 14 at 225, 2 at 28s 6d, 6 at 32s 3d, 9 at 33s lOd, 11 at 325, 8 at 34s 9d, 8 at 33s 9d, 9 at 325. In the wool: 6 at 445, 2 at 37s 6d, 6 at 41s 3d, 6 at 355. Hoggets—2 at 345. 6 at 22s 6d (shorn), 3 at 20s, 1 at 32s 9d, 2 at 23s 4d. Stores—Out of the 401 stores yarded, 321 were merino wethers sent down from the Mount Cook district. There was no demand for this class of sheep, and each line offered was passed, in. The only sale of stores made was that of eight cull ewes at 6s 6d. Cattle—A fat cow brought £9 2s 6d, cows in profit XI 15s to £2 10s, and yearlings £2.
EGG AUCTION. Harris Bros., Ltd., report that the weekly auction salo of "Feather brand" guaranteed fresh eggs was held yesterday afternoon. The following prices were realised:—Hen eggs, first grade (2oz or over), le 6d; second grade under (2oz), Is od. —7
HIGH COMMISSIONER'S REPORT.
The Department of AgTicultu.ro has received the following cablegram, dated the 12th 'instant, from the High Commissioner for New Zealand, London: EGGS, Arrivals of new-laid are smaller and market firm. Present quotations are:—English (prices nominal), 25s to 30s per long 100, Dutch, Danish, French, and Belgian, 18s Cd to 24s per long 100; Australian, 16s Cd to 12s per long 100; South African, Argentine, 14s to 17s per long 100; Russian, Polish, 10s Cd to 13s 6d per long 100. TALLOW. Spot market firm and prices unchanged, except for the following:—Mutton - Fine, 33s 6d per cwt; fair to good, 37a 9d to 30s per cwt. Beef: Sweet and-cr mixed, 39s 6d to 41s per cwt. APPLES. Market very quiet. English: Cox 3 Orange, 5s to 10a per half-bushel; Brainley and Newton's Wonder, 4s to 8s per bushel. _ British Columbian: Mcln'.osh Red and Wealthy, 13s to 143 per ense; Jonathan. 14s to 15s per case. Oregon: Newton Pippin, 16s to 203 per case: Jonathan, 15s to 17s per case. Californian: Newton Pippin, 10s to 12s per case. HEMP. Manila market easier, closing steady at tho decline. "J" grade, November-January to January-March shipmonts, sold down to £4l. Output January Ist to October 31st J,062,000 bales, against 1,074,000 balM same period last year. Stocks in Manila on October 31st" 176,000 bales, against 152,000 bales; in England 4774, against 7152. Sisal market dull, with small business in No. 1 afioat at £36. Value November-January shipments £3l ss. New Zealand—Moderate business has been done at rates last quoted, and market closed quiet on that basis. WOOL. Bradford position dominated by wool values. Top-markers' quotations firm for all descriptions. Although response in yarns and piece goods is disappointing, the spinning industry as n whole shows a tendency to expand. Quotations are unchanged. DAIRY PRODUCE. The New Zealand Dairy Produce .Board lias received the following market report from its London Agency, dated November 11th: BUTTEK. New Zealand: Salted, new season's, 171 a to 1745, up to 1765; stored, November 11th, 163s to 170e, November 4th, IGBs to 1745; unsalted, ]B4s to 188s, 184s to 18Ss. Market firm, with upward tendency. Australian: finest, salted, IGSs to 1725, 16Ss to 1703; unsalted, 180s to 182s, 176s to 180s Argentine: Finest, unsalted, 166s to 1725, 166s to 170s. Irish: Creamery, 6alted, 170s to 1745, 164s to lfoSs; unsalted, 174s to 178s, 170s to 1745. Dutch: Unsalted, -192b to 1965, 182s to 186s. Siberian: Salted, 152s to 1545, 150s to 1545. Danish: 136s to 200s, 190s; practically cleared. Retail prices unchanged. CHEESE, New Zealand: White and coloured, November 11th, 98s to 100s, November 4th, IOOg to 1028; market very quiet. Canadian: Finest, white and coloured, 100 a to 102s, 102s to 104s; 03s to 95s c.i.f. for current make. Australian: Finest, coloured, 93s •to 98s. English: Finest farmers, 126s to 130s, 126s to 130s. Retail prices unchanged. Colonial cheese prices vary according to quality. Market mainly New Zealand 98s, : Canadian 100s. ' # The Board has also received the following advice from its agents in Canada: Butter—Vancouver: New,, Zealand, 39$ cents (Is 7|d); Canadian 381 cents (la 7gd). San Francisco: Extras, 49 cents (2s Oid). Now York: 49 cents (2s OJd). Montreal: 38 cents (Is 7d). Canadian stock of butter this year, 29 million lb; last year, 28 million lb. Canadian stock of cheese this year, 38 million lb; lost year, 34 million lb. Dalgety and Company, Ltd., have roceived the following cablegram from their London office, dated November 14th:— "Butter—Total butter imports into United Kingdom last month were 384,000cwt; same period last year, 412,000cwt." FOREIGN EXCHANGE RATES. <B? CABLE—PEESS ASSOCIATION— COPSBIGHT.) (ATJSTBAMAN AND N.Z CABLE ASSOCIATION.) LONDON, November 14. Tho exchange rates on London are u follows:
woot. BRADFORD MARKET. LONDON, November 14. The Bradford market is inactive, prices being fully maintained. LONDON SALES. LONDON, November 14. New wools available for the sales opening on November ,22nd are:—Australian, 48,500 bales; New Zealand, 21,000 bales; Cape, 17,000 bales; Pintas and others, 6000 bales. The quantity held over totals 14,000 bales. WHEAT. CHICAGO QUOTATIONS. NEW YOBK, : November 14. Chicago wheat —December 127, March 1305, May 1331 cents a bushel. HOME QUOTATIONS. (Received November 15th, S.lO p.m.) LONDON, Novem-er 15. Wheat cargoes are firm in sympathy with tho better American prices, and following good business during the week-end, advanced by from 6d to 9d. Parcels are held for an advance of from 3d to 9d, but buyers are not responding freely at 52s 3d. Liverpool futures are: December-March, 106 4d; May, 10s 3d.
LONDON MARKETS. The Bank of 2»*cw Zealand has received the following cabled advice from its London office, under date November 11th:— Tallow—There is a good demand. Current quotations: Good mutton, 38s 6d to 39s per cwt; good beef, 39s to 30s Gd per cwt; good mixed, 39s to 39s 3d per cwt; gut, 33s to 36s 9d per cwt. Butter—Good demand for new season's. Stored,"l66s to 170s per cwt; new season's. 17'2s to 176s per cwt. Cheese—Quiet; 97s to 100s per cwt. Frozen Meat —There is a little better demand for wethers. The market for ewes is more active. . The lamb . market is steady and no material change is expected yet. There is an increased demand for beef, and the market is more active. Wethers, light Sid to 6Jd per lb; heavy,sd to SJd per lb. Ewes, 4d~ to 4£d per lb. Lambs: 2's, 9d to 9id per lb; S's, 9d to 9Jd per lb; i'e, 81d to SJd per lb; seconds, Sid to Sfd per lb; Argentine, 7id to 9d per lb. Ox hinds, 4id to od per lb; ox fores, 3Jd to 3Jd per lb. Cow hinds, 4d to 4Jd per lb; cow fores, 3d to 3Jd per lb.
REILLY'S (DUNEDIN) MARKET REPORT. Rcilly's (Duaedin) report a3 follows: Tomatoes, choice 2s to 23 l£d, medium Is 100, second quality Is 7d per lb; cherries, choice 3s 4d, medium 2s 7d and Is IOJd per Ji>; strawberries, choice 3s 9Jd to 4s 7d, medium 33 6d per lb: gooseberries, choice 6d, -medium 4d per lb; green peas, choice 6d to 7d, inferior 5d per lb; new potatoes, choice kindneys 9d to lOJdt rounds 3d to 5d peT lb; pears, choice 7d, othet3 4d to ssd per ib; asparagus, choice 12s 6d, thin and inferior 5a to 7s Gd per dozen bundles; cucumbers, 12s to 17s per dozen; lettuce, Is 6d to 4s 9d per dozen; cabbage, 2s Gd to 4s 3d per dozen; cauliflowers; 8s to 14s per dozen; spring carrots, 3s 6d per dozen bundles; white turnips 2s, beetroot Bs, parsnips 4s Gd, radish Is per dozen bundles; Sturmers, choice IGs to 17s 3d, other varieties, 12s to IGs per case.
CHRISTCHURCH STOCK EXCHANGE.
OTHER EXCHANGES. (?RESS JISSOCUTIOS TELEttBAMS.) AUCKLAND, November 15. Sales—New Zealand Breweries Debentures, 23s 8d; South British Insurance, 56s j Pukemiro Collieries, 60s; Auckland Gas, 22s 9d, cont. 16s 9d; Devonport Steam Ferry, 23s . 6d; Auckland Amusement Pads, lte 6d; Taranaki Oilfields, 10s 9d, lis. WELLINGTON, November 15. . Sales reported—English, Scottish, and Australian Bank £7 14b; Union Bank (tights) (six parcels) 535; Wellington Gas (ordinary) 27s Gd. DUNEDIN, November 15.' Sale*—Huddarfc-Parker (pref.), 20s 6d, 20s 9d; Auckland Amueement Park (ord.), 16s 9d. Sales reported—New Zealand Express Co., 20s; Paper Mills, 16s 6d.
MOSGIEL WOOLLEN CO. A SUCCESSFUL YEAR. [THE PRESS Special Service.] DUNEDIN, November 15. Sir John Roberts, speaking at the annual meeting of ' the Mosgiel Woollen Company, said: "I am pleased to again meet shareholders ■with a satisfactory report of operations of the company during the past year, and to state that the trade of the company has been quite satisfactory and the whole of the production of the mill has been sold. Imports of woollen goods from England of late have shrunk considerably, and this has had a beneficial influence on the -demand for the locally-made article, and accounts for the good demand that the company has had for all its manufactures. "There is no doubt that in these days, when worsted tweeds are so much in demand, it is fortunate that the Mosgiel. mill is well equipped with combing machinery, as without this it would have been impossible to supply the market with goods which for some time have been in much demand. Our hosiery department has been kept fully going, and we have experienced a good demand for all we could_ put out. So as to equip the mill with machinery to make hosiery of a class we cannot make now, we are placing with our agent at Home for some new machines which will entail an outlay of about £4OOO. "The cost of wool bought for the year just closed is identical with, the cost in the previous year. We were fortunate in having bought onr wool early in the year, as we got our supply before prices increased towards the end of the season. At the present time it seems pretty certain that we must be repared for higher values during the present season's sales. "The balance-sheet and profit and loss account are very similar to those of the previous year. In the profit and loss account it will be noted that working expenses and factory maintenance show a decrease of £524, but fluctuations of this outlay ore as usuai and call for no special explanation. Charges, salaries, etc., show a decrease of ."3010, but this is accounted for by it having been unnecessary to make any provision for incometax, as we have an unappropriated sum at the credit of the income-tax account. Transfer fees show the usual small amount, which indicates that very few transactions in shares have taken place.
"The interest account shows a -cod profit (£1502 lis 9d), resulting from money placed on deposit witb the bank. The goods account has a lesser amount of £2695 to its credit than was shown in the previous year. This is always a fluctuating item, and this year's profit is £6706 more than it was in the bal-ance-sheet of 1925. The balance of the profit and loss account is almost identical to that of the previous year."
WESTPORT COAL COMPANY. [THE PBESS Special S»rric«.] DUNEDIN, November 15. Tlio annual report of the Westport Coal Company states that the total profit for toe year amounted to £47,499 15s 3d. while the balance after payment of la per share was £24,999 15s 2d. Out of this the directors propose to pay a dividend of 6d per 6haie for the half-year ended September 30th and to carrv £13,749' 15s 2d forward to next year's account. It is also proposed to pay 6d per share from the insuranc4 account,. The mines and plant have been maintained in the usual state of efficiency.
• . . Par. Nov, 10. Nov. 14. Pans, fr. to £1 .. 12.22J 121.03 124.00 Bruesols, belgas to £1 5 28.62 34.94 Oslo, kr. to £1 .. 18.159 18.46 18.45 Copenhagen, kr.to£l 18.159 18.17 18.10 Stockholm, kr. to £1 18'159 18.10 18.18 Amsterdam, fl. .. 12.107 12.08 12.07| Berlin, Reichmarken to £1 .. .. _ 20.44 20.42 Montreal, dol. to £1 4.86J 4.86| 4.8611-16 New York, dol. to £1 4.86J 4.87 3-16 4.87 7-16 Yokohama, at to yen 24.5 22J 22 9-16 Rome, lire to £L .. 89.75 89.74 Calcutta, st to rpe. 15 to gold £ 18 18 Hong Kong, et. to dol. K 2-sjS 24J Batavia .. .. — 12.09 12.08 Prague, kroner to £1 — 1641 164J *■ Governed by price of silver.
YESTERDAY'S TRANSACTIONS. Sales on 'Change—Kaiapoi ■Woollens (l'a paid), Ss 3d. Sales Reported—Bank of New South' Wales ! (cum div.), £44'12s 6d (2 parcels) Union Bank (rights), Ka 6d; So nth Bi itish Insurance, 56a. LATEST QUOTATIONS Buyers. Sellers. £ a. d. £ 3. d. N.Z. GOVT. DEBENTURES— ij per cent. Inscribed, 1933 96 5 0 4J per cent. Inscribed, 1939 96 S 0 96 10 0 4J per cent. Bonds, 1938 and 1939 95 5 0 51 per cent. Inscribed, 19-27-41 8S 15 0 99 2 6 5J per cent. Inscribed, 1936 101 2 6 101 7 6 OTHER DEBENTURESTolaga Bay, 6 per cent., 1914 — io-: 10 o N.Z. Breweries, Bonds 1 3 6 14 0 Christchurch Gas, 6J per cent., 1934 100 0 0 101 0 0 Glaxo, 6$ per can., 1945 90 0 0 BANKS— Adelaide s a 0 Aust. oi Commerce .. 1 12 7 1 13 0 Australasia It 12 6 Comm. of Aust. 1 8 11 19 3 Corniui. of Aust. (pref.) 7 0 0 7 1 0 National of Australasia (£10 paid cum div.) 17 12 6 National of Australasia (i'5 paid cum div.) 6 13 6 National of N.Z. 6 16 0 6 17 6 New South Wales (euro div.) 44 10 0 44 15 0 New Zealand (cum div;) 2 13 3 2 18 6 New Zealand (Mortgage Shares, 10s paid .cum div.) 0 16 8 Union of Aust. 14 1 0 14 6 0 Union of Aust. (rightc-) 2 1-2 6 2 15 0 INSURANCENational (cum div.) .. 3 19 9 New Zealand .. 1 IS 8 1 19 3 South British 2 16 0 2 16 6 Standard 3 0 9 LOAN AND AGENCY— Dalgoty and Co. (new) 13 0 0 13 2 6 Ooldsbrough, Mori — 2 8 0 Goldsbrough, Mort (new) — 2 6 9 National Mortgage 3 10 0 N.Z. Loan and Mercantile (ord stock, cuin div.) 93 10 0 ■_ SHIPPING— Howard, Smith 1 9 9 1 10 3 Huddart-Pafker (pref.) 1 0 3 P. and 0. Deferred stock (cum div.) .. 255 0 0 JT5 0 0 Union (pref.) 1 0 0 10 6 FROZEN MEAT— Canterbury 7 15 0 8 2 6 Canterbury (pref.) 4 16 0 ' — N.Z. Refrig. (£1 paid) 0 15 6 0 16 0 N.Z. Refrig. (contr.) .. 0 7 10 0 8 1 WOOLLENSKaiapoi (17s paid) 0 8 3 0 8 6 Kaiapoi (pref.) 0 11 9 0 12 9 COALTaupiri (ord.) 1 5 9 __ Westport (cum div.) .. 1 12 6 1 15 0 GASAuckland ISO Christchurch 1 3 i 13 8 Christchurch (new," 5s paid) 0 6 3 0 6b Timam .. 1 2 0 13 0 BREWERIES— Monteith's 0 19 0 110 New Zealand .. 2 4 6 2 5 0 Staples 1 17 9 1 18 6 Ward — 1 18 0 CEMENTS— Wilson's (cum div.) .. 1 16 6 TIMBERKauri 1 2 0 14 6 MISCELLANEOUSAuat. Glass (cum div.) 2 1 0 _ Beath and Co. 1 12 3 British Tobacco 2 f6 0 2 17 6 Burns, Philp — 1 17 6 Dunlop Rubber — 16 6 Electro. Zinc (ord.) .. 1 10 9 1 11 6 Electro. Zinc (pref.) .. 1 12 0 1 12 3 Henry Jones Co-op. (cum div.) — 118 S Holden'a Motors 1 10 0 1 13 . 0 Mason, Struthers (14s paid) ..* — 0 14 3 Mason, Struthers (10s paid) .. 0 9 6 0 10. 0 N.Z. Drug Co. 3 4 9 —. N.Z. Farmers' Co-op. (6J per cent. Stock, 1930) 75 10 0 81 0 0 N.Z. Guarantee Corpn. 0 8 8 — N.Z. Sugar of Milk .. — 13 6 Taranaki Oilfields 0 10 6. 0 12 6 Whitcombe and Tombs 3 7 3« — Quill, Morris 1 1 6 1 2 6Sanford, Did. 0 19 6 10 3 Greater Crystal Palace 0 17 6 10 6 MINING- ■ Kawarau 0 0 4 0 0 8 Mt. Lyell (cum div.) .. I 7 0 18 0 Ohinemuri 0 6 3 —
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Press, Volume LXIII, Issue 19159, 16 November 1927, Page 10
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4,887FINANCE AND COMMERCE. Press, Volume LXIII, Issue 19159, 16 November 1927, Page 10
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Acknowledgements
Ngā mihi
This newspaper was digitised in partnership with Christchurch City Libraries.