COMMERCIAL ITEMS

Dominion, Volume 20, Issue 42, 13 November 1926, Page 12

COMMERCIAL ITEMS

WELLINGTON STOCK EXCHANGE YESTERDAY’S BUSINESS AND PRICES At the morning call yesterday a sale «f N.Z. Refrigerating shares, 10s. paid, lit 7s„ was made on 'Change, and a sale of 4i per cent, stock (1939) at £96 12. 6d. was reported. At the afternoon call the sales reported were 4J per cent, bonds (1939) at £96 12s. 6d., Bank of New Zealand, ordinary, at 60s. 6d., and Rights at 6s. 5d.. and British Tobacco at 51s. 6d. There was a good demand for Government stocks and bonds, with buyers of the 4J per cents, at £96 7s. 6d., and the 51 per cents, at £lOO 10s. Wellington Racing Club debentures were in steady demand at £lO6, and N.Z. Breweries. 10 per cent, bonds, at 245. 6d. Bank shares were steady. There were bids of National Bank at £6 19s. 6d„ Bank of New South Wales at £44 17s. 6d., Bank of New Zealand, ordinary, at 60s. "6d., Rights at 6s. 3d., and Union Bank at £l5 ss. 6d. Wellington Trust and Loan shares were in demand at £6 Bs. 6d., and Wellington Investment at 10s. 6d.; for N.Z. Loan and Mercantile, ordinary stock, £95 was bid. There was very little business offering in the other groups of shares. There were buyers of Union Steam, preference, at 20s. 3d., Wellington Woollen, ordinary, at £6 9s. 6d., New Zealand Breweries at 515.. Burn, Philp and Co. at 38s. Cd., and Wilson’s Cement at 335., cum. dividend. Yesterday’s buying nnd selling quotations were as under: —

SALES IN OTHER CENTRES BT TELEGBAPH.—PBRSS ASSOCIATION.

Auckland. November 12. Stiles.—lnscribed stock, 1930, £O9; Bank of New Zealand. 60s. 6d.; Farmers’ Co-op. Auctioneering, 705.: ditto, A pref., 18s. Bd.; Dalpa Coal, 15s. Cd.; Gisborne Gas, XOs. od.; Northern Steam, 15s. ; •J. Staples and Co., 375. Cd.; Electrolytic inc., 30s. 3d.; Milne and Choyce debenture stock, 245.; Taranaki Oil. 9a., 9s. 4d., . 9s. 5d.; AVHson’s Cement, 335. 9d.; Moanatiaiari con., 2s. 7d.; Ohlnemuri, ss. 9d. WELLINGTON WOOL SALE The catalogues for the Wellington wool sale on Monday were available yesterday, and most of the prospective buyers were busy appraising the various lots. More buyers will be engaged in the same task to-day, and some may have to carry on to-morrow. The number of bales to be offered, according to the catalogue figures, is 11,179 bales, which compares with 9795 bales offered in November last year and 7011 bales in November, 1924. The catalogue figures in detail are as follow:— „ Bales N.Z. Farmers’ Dist. Co 687 Wairarapa Farmers 600 Abraham and Williams and Wright, Stephenson and Co 1,'95 Dalgety and Co .. 1,850 Murray, Roberts and Co. and Johnston and Co 1.783 Levin and Co N.Z- Loan and Mercantile 1,027

11,179 The November sale of the past seasoq was easily the best of the senes, and the average prices realised were 13Jd. per lb. and £l9 15s. Id. per bale. The economic conditions in Europe are not the same as they were a year ago, and it is difficult to predict the course of sales on Monday. The catalogues contain a fine range of typical North Island wool, with a little merino from Marlbofough.

COLONIAL SUGAR COMPANY

The report of the Colonial Sugar Refining Company for the half-year September 30, discloses a profit of £408.443, compared with £401,628 for the corresponding half of the previous year. A dividend of 20s. per share, and a bonus of ss. a share absorb £304,687. A sum of £lOO,OOO is carried to the ieservo fund, and £310,809 is carried forward against £307,053 brought into the account, The dividend is equal to 10 per cent., and the bonus to 2} per cent. The balance-sheet figures, with those lot the corresponding half-year in parenthc-

ses, are as follow—Liabilities: Capital, £4,875,000 (£4,875.000; reserve fund., £1,250,000 (£1,050,000); replacement and depreciation fund, £1,440,779 (£1,326,135); employees’ provident fund, £25,525 (£27,956); employees' benefit society, £13,816 (£13,284); sundry creditors, £571,046 (£1,371,081); suspense account,, £2,662,326 (£2,593,434); profit and loss, £715,4-96 (£720,323). Assets; Refineries, £2,493.631 (£2,395,846); distillery, £97,504 (£86,457); stocks of sugar, £1,857,517 (£1,985,384); sugar mills in Australia, £2,407,812 (£2.190,507); sugar mills in Fiji, £1.169,275 (£1,125,636); stocks of material, £395,977 (£341.960); ocean steamers, £lOO,OOO (£100,000): office premises, £52.849 (£52,849 : ) sundry debtors. £1.972.622 (£2,435,379); cash, £1,006,819 (£1,263,195).

MELBOURNE PRODUCE MARKET. Melbourne, November 12. Wheat—No business done; prompt supplies indicate price about 65., for new wheat.. November delivery, ss. 9d„ nominal, and January, sellers, ss. 7Jd. a bushel. Flour: £l5 10s., cash £l5 ss. a ton. Oats: Milling, 2s. lid., 35.; feed, 2s. 9d. a bushel. Potatoes: £l4 10s. to £l7 a ton. Onions: £9 10s. to £lO. NATIONAL INSURANCE COMPANY DIVIDEND. BY TeLEGBAPH.— PBESS ASSOCIATION. Dunedin, November 12. The directors of the National Insurance Company of New Zealand have recommended a dividend of 2s. per share, making 3s. 3d. for the year. LONDON PRODUCE MARKETS. (Rec. November 12, 8.5 p.m.) London, November 11. Wheat.—Cargoes have steadied on less favourable Argentina weather reports, but aro inactive. Parcels are in small request, and occasionally lower. Liverpool futures: December, Ils. 9Jd.; Marcli, Ils. IJd.; May, 10s. 9Sd. per cental. Spot trade is slow. Australian, ex store, 61s. 6d. Flour is dull. Australian, ex store, 445. Oats are steady. A grade Gartons 30s. to 325., Australian Algerians 28s. Peas are firm. Blue Tasmanian, 280 s. to 400 s. New Zealands are quoted at similar prices. Maples, Tasmanian, 110 s. to 112 s. 6d.; New Zealand, 100 s. to 105 s. New Zealand beans, 465. to 48s. The egg market is very dull. THE METALS MARKETS. (Rec. November 12, 8.5 p.m.) London, November 11. Copper.—Standard, on spot £57 Ils. 3d., forward delivery £5B Bs. 9d. Lead.—£29 3s. 9d. and £29 Ils. 3d. Speller—£33 10s. in both positions. Tin.—£3o9 7s. 6d. and £298 12s. 6d. Silver.—Standard, 25Jd.; fine, 27Jd. per ounce. , . - . , The lead imports during October amounted to 23,320 tons, including 10,965 tons from Australia. The exports amounted to 1499 tons. N.Z. LOAN AND MERCANTILE CO. DIVIDEND. (Rec. November 12, 8.5 p.m.) J London, November 11. The New Zealand Loan and Mercantile Agency Company has declared a final dividend of 4 per cent. P. AND 0. SHARES. (Rec. November 12, 8.5 p.m.) London, November 11. P. and O. shares, £252.

Buyers. Sellers. N.Z. GOVT. LOANS— £ 6. d. £ 8. d. 41 p.c. In sc. Stk., 1939 96 7 6 —* 103ft 96 7 6 ■ ■ 51 p.C. ditto, 1933 .. 100 10 0 —— Ditto 1930 . 100 10 0 —— 41 p.c. Bonds, 1939 .. 96 10 0 —• ntttn 96 10 0 ■ ■ » 51 p’c 1933 100 10 0 Ditto, 1930 100 10 0 •— DEBENTURES— Well. Racing Club ..106 0 0 N.Z. Breweries (bonds) 1 4 6 —• Petone/Lower Iliht, 5i p c 1927/1952 » ■ -1 96 0 0 Makerua Drainage .. — 101 0 0 BANKS— National of .N.Z 6 19 6 — New South Wales .. 44 17 fl 45 5 0 3 0 6 3 0 9 Ditto (rights) 0 (I 3 0 6 6 Union of Australia .. 15 5 6 15 6 6 FINANCIAL— N.Z. L. and M. (ord) 95 0 0 . —• Welllagton Investment 0 10 c —• Well. Trust, Loan ... 6 S 6 —• Wellington Deposit .. — 0 10 4 INSURANCE— National (cum.) .... w—4 0 0 New Zealand — 1 19 6 MEAT PRESERVING— N.Z. Refriger’ing (10s.) — 0 7 6 TRANSPORT— Union Steam (pref.) .. 1 0 3 •• P. and O. def. stk. 252 0 0 WOOLLEN— Wellington (ord.) 6 9 6 •— COAL— ■> 1 » 1 18 0 TIMBER— 1 8 0 , ■ 0 17 0 BREWERIES— 2 11 0 ■ I ■ 1 17 9 MISCELLANEOUS— Burns Philp & Co. .. 1 18 6 2 0 0 Electrolytic Zinc (ord.] 1 16 6 .1 ■ 1 17 6 — 1 13 0 3 12 6 Sbarland ~ and Co. fnrd ) ■ 1 1 1 2 9 Ditto (pref.) — 1 3 0 Smith & Smith (pref.; — 0 18 6 Wilson’s Cement (cum) 1 13 0 —— MINING— Alburnia — 0 5 6