COMMERCIAL ITEMS

Dominion, Volume 20, Issue 51, 24 November 1926, Page 14

COMMERCIAL ITEMS

WELLINGTON STOCK EXCHANGE

YESTERDAY’S BUSINESS AND PRICES

At the afternoon call yesterday sales were reported 01 4i per cent, stocks (1938) at £96 155., Union Bank shares at £l5 ss. fid. and £l5 55., and Wilson’s Cement at 355. There was a good demand for Government slocks und bonds, with buyers of the 41 per cents, at £96 12s. fid., and the 5 per cents, at £lOO 10s. tor the stocks and £lOO 15s. tor the bonds. Wellington Racing Club debentures were firm at £lO6. Bank shares were steady, with bids of 32s for Commercial Bank, £44 -15 s. cum dividend for Bank of New South Wales, 60s. 3d. for Bank of New Zealand, and 6s. 6d. for Bank, of New Zealand rights. Sellers quoted £l4 ss. for Bank of Australasia shares and £l5 6s. for Union Bank shares. There were buyers of Wellington Trust and Loan at £6 10s., New Zealand Guarantee oidinary at 10s. 4d., preference at 20s. (id., and Wellington Investment at 10s. (id. Gas shares were steady. There were bids of 235. 3d. for Auckland Gas, 235. 6d. for Christchurch Gas, and 265. 3d. for XVellington Gas. Gear Meat shares were in demand at 365. 6d„ and New Zealand Refrigerating shares, 10s. paid, at 6s. 9d. There were buyers of Huddart-Parker preference shares at 20s. '3d., Union Steam preference at 20s. 3d., P. and O. deferred stock at £240, and Kelburne Tram at 275. Brewery shares were steady, with buyers of Crown Brewery at 19s. 9d., New Zealand Breweries at 51s. 3d., Staples and Co. st 375., and Ward and Co. at 425. 6d. C. M. Banks ordinary shares were in demand at 225. 6d., and Wilson’s Cement at 34s 7d. Yesterday’s buying and selling quotations were as under: —

SALES IN OTHER CENTRES BY TBLBGBAPn.— t’EESS ASSOCIATION Auckland, November 23. Sales: National Bank of New Zealand, £7- Is.; Bank of New. South Wales. £45 «s Cd ; New Zealand Insurance, 395.; Tauniri Coal, 21s. 9(1.; Wilson’s Cement, 345. 9:1.; Alburnia, 4s. 4d.; Moanataiari, ss. 4d.; ditto (con.), 4s. 10d., 55., ss. 2d., ss. 5d.» ss. Cd.; Lucky Shot, Is. Cd.; ditto (con.). Is. 3(1., Is. 4d., Is. 5d.; New Waiotahl (con.). Is. sd. Dunedin, November 23. Sales: Dominion Rubber, 495. 6d.; Kawarau, 3s. 6d., 3s. 7d.; 5j per cent. Inscribed Stock (1936), £lOO 10s. EXCHANGE RATES. London, November 22. Foreign rates of exchange on November 22, as compared with par rates, or as averaged first half of 1914, are as folloW:— Nov. 22. Nov. 18. Par.

ENGLISH WHEAT MARKETS. (Rec. November 23, 8.46 p.m.) London, November ZZ. . Wheat.—Cargoes opened firmer on American improvement, but the suport was lacking and the market closed with prices- unchanged. Parcels <-re in quiet request at 3d. to 6d. per quarter dearer. Liverpool futures:. December, Ils. 3d.. March, 10s. 7i<l.; May, tOs. ujd. per cental. PRICES OF METALS. (Rec. November 23, 8.40 p.m.) London, November 22. Copper.-Standard, on £57 ! S . 3d. per ton; forward delivery. £57 18s. 9<L Lead, £29 and £29 7s. 6d Snelter. £33 6s. 3d. m both positions. Tin, £312 Is. 3d. and £3OO Ils. 3d. Silver.—Standard. 253 d.: fine, 27Jd. per ° UnCe ’ CUSTOMS REVENUE. The Customs revenue collected at the port of Wellington yesterday totalled £5037. Dominion Special. Feilding, November 23. No fewer than 1000 carcasses of pork have been shipped front Feildmg to Wellington during the past few days for export to London.

N.Z. GOVT. LOANS— Buyers. £ s. d. Sellers. £ s. d. 44 p.c. Ins. Stk.. 1939 96 12 c —— 44 p.c. ditto, 103S .... 9G 15 0 —— 5* p.c. ditto, 11133 .... 100 10 0 — 54 p.c. ditto. 1930 .... 100 10 0 —- 44 p.c. Bonds. 1939 .. 96 12 6 44 p.c. ditto, 1938 .... !)« 15 0 — 54 p.c. ditto, 1933 .... Mil) 12 6 — 54 p.c. ditto, 1936 . — DEBENTURES— 100 12 6 — Well. Racing Club .. 106 0 0 — N.Z. Breweries (stock] — 1 o 0 Ditto (bonds) — 1 5 6 Petone/Lower Hutt, 5} p.c., 1927/1952 4 Pahiatua Borough, 5 — 96 95 0 0 .... - 10 0 Makerua Drainage ... BANKS- — 101 0 0 14 5 0 Commercial of Aust. 1 12 0 1 12. .9 New South Wales 15 44 0 ■ 0 3 3 1 0 Ditto (rights) b 6 6 0 6 7 Union of Australia .. FINANCIAL— — 15 6 11 0 Goldsbrough Mort ... 0 Equitable Building .. N.Z. Guarantee Corp. — 9 15 0 J (or.L, 8s.) 0 10 4 0 10 9 ; itto (pref.) 1 0 6 — 1 Wellington Investment 0 10 b Well. Trust. Loan .. 6 10 0 6 15 0 Wellington Deposit .. — 0 10 4 GAS— Auckland (paid) 1 3 3 — Christchurch 6 Wellington (ord.) .... Ditto (pref.) b 3 1 7 0 16 3 INSURANCE— 3 18 0 New Zealand South British • •••”•• — 1 19 17 6 G IE A T P R E S E R VI NG— N.Z. Refrigerating (10s.) 0 1 6 16 9 6 1 17 6 transport— Huddart-Parker (pref.) 1 0 3 1 1 0

Union Steam (pref.) .. P. and 0. def. stock.. Kelb. and Karori Tra 1 0 3 0 0 250 0 0 240 m. 1 0 TIMBER— Leyland-O’Brien .... 2 3 3 0 1G 0 BREWERIES— .. o 19 9 Manning and Co 1 1 3 • N.Z. Breweries o 11 3 .... Staples and Co J 17 0 1 IS 6 2 6 2 3 6 MISCELLANEOUS— C. M. Banks (ord.) .. 1 2 6 •— Electrolytic Zinc (ord.) — 1 17 0 Ditto (pref.) 1 17 6 Howard Smith —— 1 13 0 N.Z. Paper Mills (ord.] — 1 0 0 Sharland and Co — 1 2 6 Ditto (pref.) —- 1 3 0 Wellington Cordage .. — 0 18 0 Wilson’s Cement 1 14 7 1 14 10 MINING— 0 3 ■w Kawarau • 0 s 1 —

New York, dols. to £1 4.84? 4.84 15-16 4.866 Montreal, dels, to £1 4.84? 4.84? 4.866 Paris, francs to £1 136.25 139.63 25.22? Brussels, belgas to jp.1 34.96 34.89 — Amsterdam, florins to £1 12.123 12.13? 12.10? Stockholm, knr. to £1 18.18 18.18 18.12 Oslo. knr. to £1 ... 18.83 18.75 18.12 Copenhagen, knr. to £1 18.21 18.20 18.12 Berlin, Beichsmark 20/3 20 43 *— Rome, lire to £1 ... 116,37 115 25.22 Yokohama, pence to yen 24 5-16 24? 24.48 Calcutta, pence to rupee 173 . 17 13-16 24 Hong-Kong, pence to dol 23? 24? 24 Batavia, florins to £1 12.10? 12.10? —