FARM & COMMERCIAL

Dominion, Volume 20, Issue 59, 3 December 1926, Page 14

FARM & COMMERCIAL

NEWS AND NOTES

AUCTION SALES TO-DAY. 8 Willeston Street, 10.30 a.m.—-Sale of antiques (E. Johnstor and Co.). Waikanae—Stock eale. 50-52 Cuba street 10.3 c a.m.—Sale of toys (Child and Co.). It Brandon Street, 2.30 p.m. —Sale of land (H E. Leighton) U Brandon Street, 2.30 p.m.-Sale of land, part of Butt County, Section 12 CH. E. Leighton). 21 Grey Street. 2.30 p.in.—Sale of city property (S.. G. Nathan). 21 Grey Street, 2.30 p.m.—Sale of Highland Park building section (S. G Nathan). Feilding, 11.30 a.m.—Stock sale. ’ TO-MORROW. Palmerston North I.lb of jewellery (J. L. Bennett, Ltd.). FARMING INTERESTS THE BUTTER MARKET ADVANCE TO 1665. FOE FINEST. The New Zealand Dairy Produce Board has received cabled advice that the price of New Zealand butter, finest grade, has advanced to 1665. LONDON WOOL SALES PRICES FULLY MAINTAINED. (Rec. December 2. 8.20 p.m.) London, December 1. At the wool sales there was a good selection and competition. and prices were fully maintained. The sales will close on December 19. A New Zealand lot sold was ERA. the top price for which was told., and the average 15a. CHILLED MEAT TRADE CONFLICT OF ENGLISH AND AMERICAN INTERESTS. London, December 1. It is leliably stated that the long conflict in the chilled meat trade between big English and American interests for supremacy of the English markets has practically ended. Several large importing firms hare come to an agreement, and it is now only a question of bringing some smaller companies into line. LONDON TALLOW SALES Messrs. Dalgety and CO., Ltd., report having received the following cablegram from their London house, under date December 1:—Tallow. Market unchanged to 6d. per cwt. lower. The New Zealand Loan and Mercantile Agency Co., Ltd., have received the following cablegram from their London house, under date December 1:—Tallow: We quote C.I.F. and E. values for the following descriptions of tallow: Fine mutton, 41s. per cwt.; good - beef. 425.; mixed, 38s. 9d. Our quotations are more or less nominal.

DAIRY PRODUCE MARKET The New Zealand Loan and Mercantile Agency Company have received the following advice from London (last week's quotations in parentheses):— Butter.—New Zealand choicest salted, stored, market firm, 1565. to 158 s. per cwt. (1425. to 1445.)- controlled stock cleared, 160 s. to 1625, per cwt. Cheese.—Controlled, 89s. to °os. per cwt. <B4s. to 855.). Market firm, with upward tendency.

COMMERCIAL ITEMS WELLINGTON STOCK EXCHANGE YESTERDAY’S BUSINESS AND PRICES At the afternoon call yesterday sales were reported of 4J per cent, stocks at £96 17s. 6d., Wanganui Borough 5$ per cent, debentures (1940) at £95 Ids., Union Bank shares (two parcels) at 4)15 55.. and N.Z. Guarantee Corporation ordinary at 10s. sd. There was a good demand for Government stocks and bonds, but there was little demand for shares. There were buyers of the 41 per cents, at £96 155., and the 5J per cents, at <£loo 12s. 6d. N.Z. Breweries 10 per cent, bonds were firm at 245. 9d. There was a moderate demand for bank shares, with bids of £7 19s. for English, Scottish, and Australian Bank, £7 Is. for National Bank of New Zealand, 6s. 7d. for Bank of New Zealand rights, and £l5 4s. for Union Bank. Sellers quoted £l4 2s. 6d. for Bank of Australasia and 60s. 9d. for Bank of New Zealand. N.Z. Shipping preference shares were in demand at £9 25., a rise of 2s. There were buyers of Wellington Woollen ordinary at T 6 10s., Ward and Co. brewery shares at 425. 6d., Burns, Philp and Co. at 395., and Wellington Queen’s Theatre shares at 20s. Yesterday’s buying abd selling quotations were as under: — Hnvcrs. Sellers.

SALES IN OTHER CENTRES BY TBbEGB-Al’H.—l’niH:. ASS'ICIATIOR-

Christchurch, December 2. Sales Reported.—Bank of Australasia, £l4 2s. 6d.; National Bank of New Zealand £7 Is- 6d.: Christchurch Gas, 245. 7d.; Union Bank of Australia. £l5 ss. Sales.—Beath and Co., 325. <d. Dunedin, December 2. Sales.—Mount Lyell, 295. (two parcels); National Bank ot Australasia, £lB. Sales Reported.—Upper Nevis, Bs. (two); Union Bank. £l5 6s. Auckland, December 2. Sates.—Soldiers' Bonds (1933), Si per cent., £101; Soldiers' Inscribed Stock (1933). Si per cent.. £101: New Zealand Breweries, 245. lid.; Bank of Australasia, £l4 2s. 6d.; Bank of New Zealand, 60s. 3d.; ditto (rights), 6s. Bd.; New Zealand Insurance. 585.; South British Insurance. 565. 3d.: Milne and Choyce debenture stock, 245. 2d.; Taranaki Oil, 10s. 4d.; Wilson’s Cement, 335. 6d.; Alburnia, 3s. 9d.; Moanataiari (contrib.), 6s. Bd., ss. 9d., ss. Bd.. ss. Bd.. ss. 9d., ss. Bd.; Kawarau, 3s. 4d.; Lucky Shot (contrib.). Is. 4d.; Ohinemuri, ss. 6d., ss. sd: Waihi Grand Junction, 2s. 2d. BANK OF NEW ZEALAND Tha half-yearly meeting of shareholders of the Bank of New Zealand will be held at the Bank Chambers at 11 a.m. to-day., and this will be the last of such meetings, for under the banking legislation of last session the bank was empowered to discontinue calling the shareholders together half-yearly. This places the Bank of New Zealand on the same footing as other banks. ’ There will be no presentation of account? at the meeting to-day, but it it understood that the chairman (Sir George Elliot) will deliver a short address dealing briefly with the bank’s affairs and possibly'with current economic conditions. NEW COMPANIES The "Alercantile Gazette” records the registration of the following new comP Howe~and Brown, Ltd.-Registered as a private company November 16, 1926. Office: Main Street. Lower Hutt. Capital: £llOO. into 1160 shares <-f £1 each. Subscribers; Lower Hutt F. W. Howe and J. Brown, each 550 shares. Objects: To carry on the business of retail boot and shoe dealers, and repairers and general incidental. , , „ . x , Frocks (N.Z.), Ltd.—Registered as a private company November 24, 1926. Office: 68 Willis Street, Wellington. Capital; £lOOO. into 1000 shares Of £1 each. Subscribers: Wellington—P. B. Billing and W. Duncan, each 500 shares. Objects: To carry on all or any of the businesses in all or any of their branches of general drapers, costumiers, and importers, exporters, manufacturers of and dealers in robes, dresses, mantles, and soft goods of all kinds and general inciEmpire Laundry Co., Ltd.—Registered us a private company November 25. 1926. Office- No. 15a Howell’s Avenue, Newtown, Wellington. Capital: £l6OO, into 1500 shares of £1 each. Subscribers: Wellington—J. H. Ppnrnan 500. Florence M. Penman 250. A. Roberts fOO, Minnie M. Roberts 250. Objects: To carry on the business of a steam and general laundry and to wash, clean, purify, scour, bleach, wring, iron, colour, dye, disinfect, renovate, dry clean, and prepare for use all articles of wearing apparel, and general incidental. G ' G. MacQuarrie. Ltd.—Registered as a private company November 29, 1926. Office: No. 95 Willis Street. Wellington. Capital: £750, into 750 shares of £1 each. Subscribers; Wellington—G C. MacQuarrie 700, Janet D. MacQuarrie 50. Objects: To carry on the business of electrical suppliers and radio dealers, and general incidental. Equipment Buildings. Ltd. -Registered as a private company November 29. 1926. Office: Routh’s Buildings, Featherston Street. Wellington. Capital: £2500, into 250 shares of £lO each. Subscribers; Wellington—J N Wallace and Carrie P. Wallace;, each 125 shares. Objects: Toacquire by purchase, lease, exchange, or otherwise land, buildings, and beieditaments of any tenure or description and any estate or interest therein and senera! incidental

TnriwJiate Sawmill. Ltd. -Registered as a private company August 24 1926. Of Bee: Woodstock, near Hokitika Capital: £3OOO into 3000 shares of £1 each Subscribers' Blackball—C J Haley 600: Woodstock —J. C Wells 300. li Welle 225 E. J Wells 225 E. A. Wells 249 E. T Stoon 399. Alice M Stoon 300- I? imp W. Shannon 300; Inangahua Junction—A. A. Wells 402. Objects: To purchase or acquire and carry on the business of sawmillers. sawmill proprietors, and tim ber merohanta, and genera! incidental.

United Sawmills, Ltd.—Registered October 9, 1926. Office: Uniou Bank Chambers, Hereford Street. Christchurch. Capital: £30.000. into 30,000 shares of £1 each. Subscribers: Burwood—Y. T. Shand; Opawa—J. F. Scott; Cashmere Hills—Wm. Cunningham: Fendalton—E. W. Coop; Christchurch—Wm. R. Carey; Greymouth —H. D. James, H. W. Kitchingham, 1 share each. Objects: To acquire and take over as a. going concern the sawmills at Te Kinga of the Te Kinga Land and Timber 00., Ltd., the sawmills at Foley’s Creek, and at Camerons, owned by the Midland Sawmilling Co Ltd., and all assets thereof, and to carry on the business of sawmillers, timber merchants, and general incidental.

AUSTRALIAN PRODUCE MARKETS. (Rec. December 2. 9.5 p.m.) Sydney, December 2. Wheat is quoted at 4s. Sd. per bushel at country stations, and ss. 4d. ex trucks Sydney. Flour, early in January delivery, £l3 tos. per ton; for export, £l2 ss. Oats: Tasmanian Algerian os lOd. to 4s. per bushel; white, 4s. 3d. to ss. Maize: South African, 7s. 6d. per bushel. Potatoes: Tasmanian, £l5 to £23 per ton: New Zealand. £l4 to £l5; Victoria i. £lB to £l9; West Australian, £24 to £25; local, £lB to £2l. Onions: Victorian. £l2 per ton: local, £ll. Adelaida. December 2. Wheat.—Growers' lots. December delivery. ss. 4d. per bushel; January. ss. 3d. to ss. 31<1. Flour: Bakers’ lots £l4 to £l5 ner ton. Oats: 2s. 4d. to 2s. 6d- per bushel. (Rec. December 2, 9.50 p.m.l Melbourne, December 2. At the hides sales the market was slightly easier all round.

TALLOW STOCKS in LONDON. London, December 1. The tallow stocks amount to 8922 casks The imports are 1232 casks, and deliveries 1483 casks. CHICAGO WHEAT QUOTATIONS Chicago, December 1. Wheat quotations: December 1 doDar V-.1l cents per bushel: \'ay . 1 dollar 39? cents; June 1 dollar 32,‘< cents The annual show of the Tapanui Farmers’ Club tail be held on January

N.Z. GOVT. LOANS— Buyers. £ s. d. Sellers. £ s. d. 4A p.c. Ids. Stfc.. 1939 96 15 0 97 2 6 44 n.e. ditto, 1938 .... 96 15 0 — F>* n.e. ditto. 1936 .... 100 10 0 — 44 p.c. Bonds, 1939 .. 96 15 0 •— 44 1>.C. ditto, 1938 .... 96 15 0 —— 5j p.c. ditto, 1933 .... 100 12 fi 54 P.c. ditto, 1936 .... 100 10 0 DEBENTURES— N.Z. Breweries (bonds) 14 9 15 0 BANKS14 2-6 English, Scottish, and 7 19 0 8 2 0 National o£ N.Z. .... 7 10 — 1 ■ 3 0 9 Ditto (rights) ....... 0 6 7 0 6 8 Union of Australia .. 15 4 0 15 6 0 FINANCIAL— Abraham and Williams 1. - 4 2 0 N.Z. Guarantee Corp. (ord., 8s.) 0 10 6 INSURANCE— New Zealand — 1 18 6 South British 2 16 9 MEAT PRESERVING— N.Z. Refrigerating (10s.) —— 0 7 0 Gear 1 17 <i TRANSPORT— Huddart-Parker (ord.) — _ 2 7 3 N.Z. Shipping (pref.) 9 2 0 P. and O. def. stock .. — 250 0 0 WOOLLEN— Kaiapoi (pref.) ....... Wellington (ord.) .... 6 10 0 0 16 0 6 12 6 Ditto (new issue) .... —— 6 10 0 ;COAL— Waipa 0 15 6 TIMBER— Leyland-O’Brien »••• — breweries— 2 2 6 MISCELLANEOUS— Burns, Philp, and Co. 1 19 0 — Dental and Medical Supply Electrolytic Zinc (ord.) 1 16 9 Howard Smith ........, —— 112 6 Sharland and Co. (ord and pref.) .......... —— 1 2 C Wairarapa Farmers’ 0 16 3 Wellington Queen's 10 0 Wilson’s Cement 1 14 0