COMMERCIAL ITEMS

Dominion, Volume 13, Issue 258, 26 July 1920, Page 8

COMMERCIAL ITEMS

■ ' "■'■■"~~ —■* ',''" INVESTMENT 6HAEEB. ' On Saturday sales of Bank of New Zealand shares at £25 17a. 6d., and tTnion Bank shares nt £1J 18s, 6d., were made on 'Change. Tho quotation* were a» follow:— ~ Buyers. Sellers. .£ fl. d. £s.d. -Inscribed Stock, 1538 ... - 95 2 6 War Bonds, 1939 - 9417 6 .National Bank , -612 6 6 15 0 Bank N.Z. 25 16 6 26 0 0 Union Bank; IJIB 0 14 8 0 Well. Investment Oil 4 —- •Auckland ,Gas (paidj .... 16 0 — . Christchurch Gas (£5)... 612 0. ' — Gear Meat 2 2 6 — Heat Export {£i 12s. 6d.) —' 410 0 Huddart-Parker (ord.)-... 2136 - -Well. Woollen (ord.) .... 10 10 U ' ; « Hikurangi Coal — ■ 017 6 Westport Coal. ;..'...... "110 3' — Waipa Colliery 014 10 01610 ;-Leyland-o'Brieu Timber - 115 0 Howard Smith — 2 i 0 Kirkcaldie and Stains , ~>"?.! .........: I 0 3 ... -. Manning and Co. — 4 2 0 Parenga Kauri Oils (7b. • D 6d -' •■■■ 09 3 010 6 Bcoullar Co ■ — 110 0 Wairarapa, Farmers (£5) — 612 6 Ward and Co 15 0 — Well. Cordage .1 119 — " Wilson's Cement — 018 1

• WORLD'S OIL -RESOURCES. are being mado to put the agreement between tho Anglo-Persian Oil Company and the Commonwealth Government into operation, the agreement having been approved by the Federal Parliament in- May last. Preparations .(says the Melbourne "Age") are being made by the Government and by the An-glo-Persian Company to form and register' in Victoria an oil refinery company, which will havo a capital ,of £500,000 in £1 shares, of which 250,001. shares will be taken-by the Commonwealth Government, 249,996'by'th0-Anglo-Perßian Oil Company,' and-three .-shares by nominees of that company. The refinery company probably .will be . incorporated and registered some; time in I'AugUßt. It undertakes to erect and equip a modern oil refinery in the Commonwealth and to control the salo'.nnd disposal of the products of- the refining of mineral oil. Boring and developmental operations in the Papuan oil fields aro proceeding, and if successful, the Commonwealth will eventually supply 200.000 tons, of oil per-annum to the new refinery company, for 'the purchase of > which it holds an ontion. Meanwhile tho Angln-Pcrslan Oil Company will supply oil; for the refining purposes up to the amount of 200,000 tons. LONDON TALLOW MAEKET. Messrs. - Booth and C 0... Christchurch, havo received cabled advice from their London- house that the 'tallow markot continues to decline. At tho auctions on July 21 there were only small sales at a drop of £5 per'ton from prices auotod recently. EXCHANGE EATES. . Au9tralian-Ncw Zoaland Cablo Association. --""■-' London, July 22. ,;-Foreign rates of exchange on London ■are- quoted --Paris, 43.50 francs to £1; Stockholm; 17.61-kroner; ChrUtiania, 23130; Montreal, 4.34 dollars; New York, 3.!2 dol■lars; Calcutta, 22Jd. to rupee. ...COLONIAL, AND. OTHER PRODUCE. .'.-.*-..:'.• London, July 22. .»The Wheat market is quiet. Sales of Australian- cargoes on passage have been p>ade at 96b. Nothing doinir in spot lots. There is a fair trade in flour, and better .Inquiry lor Australian brands at 655. 6d.' ' Oats ,-ire firm. ~'■•' 'Peas and beans are,quiet, with prices unchanged. ; ■ - , . Sugar, unchanged. .''•/". ''' RISE IN TIN. ' • " (Rec. July 26, .0.30 a.m.) London, July 24. The rise in tin is duo to tho Dutch purchasing heavily. ;■■-■ ' LONDON MARKETS. '.•"'" •' (Rec. July 26, 0.30 a.m.) London,-July 24. "Cotton.—August shipment, 24,59 d. per lb. /'Jute—Steadier, AugUßt-Septcinber shipments, £45 10s,'per ton; '•Hemp—Quiet. May-July shipments, £54 per ton. :...Rubber — Para,,223d. per lb.; plantation, 221 d. per lb.; smoked; 21Jd. per lb. '• Coprn.—Augurt-October shipments, £47 'nominal. ' " Linßeed Oil— £76 per ton. Turpentine.—l9os. per cwt. SULPHIDE CORPORATION. (Rec. July 26, 0.30 a.m.) London, July 24. The Sulphide Corporation will not pay an interim dividend.