COMMERCIAL ITEMS

Dominion, Volume 15, Issue 54, 26 November 1921, Page 10

COMMERCIAL ITEMS

INVESTMENT SHARES A sale of Commercial Bank shares cum. rights, at £1 4s. 3RI. was reported yesterday. The quotations were as follow:—

CUSTOMS REVENUE. '« cpUcctcd Pt O'C -AOVt. of Wellington yesterday totalled .£1727 19s. 4d. GOLDEN PAY CEMENT CO. A meeting of debenture-holders of the Golden Bnv Cement Company was held at. the Chamber of Commerce yesterday. Dr C. Prendergast Knight presided. The business of the meeting was the election of a director in the place of Captain W. McArthur, retiring by effluxion of time, eligible, end offering himself for re-elec-tion. Other candidates were Messrs. J G. Swan, and J. A. Plimmer. A proposal made by the chairman that the meeting adjourn for two months in order that the debenture-holders i.£25.000) in the former company, the Golden Bay Cement Works, might qualify for holding A. and B debentures and therehv be entitled to vote, wa.e lost. The position of retiring director was then balloted for the scrutineers appointed being the auditors of the Golden Bay Cement Company. STOCK EXCHANGE. By Telegraph -Pr-'”” 3 '•fat.ion -Copyright Auckland. November 25 Bales- Soldiers' Bonds. £92 7s. 6d.; Auckland Gas (paid up), 235. 6d. EXCHANGE RATES. Australian-New Zealand Cable Association (Rec. November 25. 9.20 p.m.) London, November 24. Foreign rates of exchange are quoted as folios^: —New York, 3.991 dollars to £1; Montreal. 4.37 dollars: Paris. 56,90 francs: Stockholm. 16.97 kroner: Christiania. 28.33 kroner; Copenhagen. 21.58 kroner; Berlin. It 30 marks: Calcutta, 13? d. to rupee; Yokohama. 32 7-9 d. to yen; Hong-Kong, 33d. to dollar. COLONIAL AND OTHER. PRODUCE Australian-New Zealand Cable Association. (Rec. November 25. 9.20 p.m.) London, November 24. Wheat is firm in price, and there Is better inquiry. Australian cargoes. January-February shipments are quoted at 495. 6d.; parcels, December-January shipment, pew ■ crop. 48s. 6d. There is oniet trade for wheat on snot. Australian, eX quay, is quoted at 52a. Flour is slow of sale. Australian, ex store, is quoted nt 425. to 425. 6rt. Oats. nens. cr.d beans arc. firm, but prices are unchanged. Sugar prices are unchanged. N.Z. LOAN AYn iwrncxNTTLE CO.’S DIVIDEND. Australian-New Zealand Cable Association. 1 (Rec. November 25. 9.20 p.m.) I London, November 24. The New Zealand Loan and Mercantile Company's final dividend is 2 per cent., free of income tax. SCOTTISH-AUSTRALIAN INVESTMENT CO. Australian-New Ze- -Cable Association London, November 24. The Scottish-Australian Investment Company, Ltd., declares a profit of £149,133. It is proposed to add to the reserve £25,000, and carry forward £23,839. MELBOURNE PRODUCE MARKET. By 'ivu:u > • q -hl Melbourne, November 25. Barley, English, 4s. tp 4s. Id. per bushel; Cape, 3s. Oats, 2s. 6}d. to 2s. 7d. per bushel. Potatoes. £1 to £3 per ton. Onions, £2 to £5 per ton. Messrs, Wheatley and Co. report:—At yesterday’s sale thres-iuonth ducks made 16 s.; fat Orpingtons, 12s. to 155.; fat White Leghorns, 9s. to Ils.; second year roosters, White Leghorns, -is. to 7s. 6d. a pai r. CAMBRIDGE DAIRY CO. ISSUE OF DEBENTURES. The reasons for the issue of those debentures are, the Company has erected a dried milk factory at a cost of £115,C00. Of this amount. £63,000 was borrowed from the Bank of New Zealand. the balance, £52,000, the Company has paid. The Company has also pledged itself to reduce its indebtedness to the bank by £10,500. To take the .662,500 nut of one year’s profits, the directors consider too drastic and generally undesirable; it was, therefore, decided to issue the present debentures of £24,700, carrying interest at 8 per cent. ’When the rate of interest falls, as it already has in England and America, these debentures should sell at a premium. I Prospectus at all Branches of the Bank pf New Zealand- —Advt, |

Buyers. Sellers. £ r. d £ 8. d 41 n.e. Insc. Stock, 1939 — 85 10 0 4$ p.c. Insc. Stock, 1938 85 0 0 85 10 0 5i n.c. Inec. Stock, 1933 92 0 0 92 5 0 51 n.c. Insc. Stock, 1950 i — - 93 0 0 41 n.c Wsr Bonds, 1939 —— 85 10 0 41 p.c. War Bonds, 1938 85 Oi 0 51 p.c. War Bonds, 1930 •— 90 10 fl Bank Australasia — 85 10 0 National Bank 5 14 0 5 15 0 Xp„, South Wales . _ 35 15 0 Bank New Zealand. 2 8 9 2 9 Union Bank ; Union Bank, nev issue 11 16 0 12 0 4 11 0 (first call'paid) — 0 Well. Trust and Loan ... 5 0 0 Well. Gas (£10) 7 18 0 8 10 0 National Insurance — 2 18 6 New Zealand Insurance 1 8 3 South British Insurance — 1 15 0 Refrigerating (10s.) 0 15 0 0 15 6 Gear Meat 1 10 0 1 11 Meat Export (£3 12s. 6d.) — 3 2 0 Huddart-Pa.rker (ord.) ... 2 4 0 2 4 9 Kaiapoi Woollen (pref.) — 1 2 0 Westport Coal 1 6 6 1 7 3 Walpa Coal A — 0 15 0 Leyland-O’Brien Timber 1 10 0 •Stains (pref.) 0 18 0 — Sharland and Co Wairarapa Farmers (£5) Wairarapa Farmers 0 19 6 5 0 0 16 0 0 1 1 0 — Wilson’s Cement 0 15 0 —