COMMERCIAL ITEMS

Dominion, Volume 21, Issue 125, 24 February 1928, Page 12

COMMERCIAL ITEMS

WELLINGTON STOCK EXCHANGE YESTERDAY’S BUSINESS AND PRICES At yesterdaj’ afternoon's call of the Wellington Stock Exchange sales were reported of New Zealand 4} p.c. Inscribed Stock (1938) at £97 ss. and New Zealand Breweries (bonds) at £1 3s. 3d. The

SALES IN OTHER CENTRES Auckland, February 23. Sales.-Tnscribed Stock (1938), 4J per cent., £97 55.; 1939 41 per cent., £97 55.; Auckland Harbour Board debentures (1937), 51 per cent,, £96: Farmers' Cooperative Auctioneering (A pref), 15s. 6d.; Waipa Coal, 17s. 6d.; Auckland Gas, 225. 4d.; Northern Steam, 155.; Sanford. Ltd., 19s. 6d.; Moanataiari, 25.; Ohinemuri, 7s. 2d.; Waihi. 10s. Christchurch, February 23. Sales.—New Zealand Government 4) per cent, bonds (1938), £97 7s. 6d.; Bank of New Zealand. 58s. 9<1.; Union Bank ot Australia (new). £l4 14s. 6d.; New Zealand Refrigerating (con.), 7s. Bd. (two parcels); Mount Lyell. 50s. 6d.; Ctrl ton Brewery (cum. dividend), 48s. Sales Reported.—Staples Brewery, 375. 3/.; Mount Lyell, 30s. 6d. Dunedin, February 23. Sale.—Ward and Co.. 375. 6d. Sales Reported—National Bank of Australasia. £8 18s. 6d.; Bank of New Zealand. 58s. 9d.: Breweries, 425. 3d.; Staples, 375. 3d. BUTTER GRADING ADOPTED BY ARGENTINE The New Zealand Dairy Produce Board has received a letter from its Argentine correspondent stating that the Argentine Ministry of Agriculture has arranged a service of classification

or grading of export butter on the following lines; — The butler will be classified according to the following points:—Flavour, I 50; texture and humidity, 25; colour, I 10; salted or uusalted, 10; appearance and finish, 5. The respective section of the Ministry will extend special certificates, signed in duplicate by the inspector who made the examination, one of which will be giveu to the manufacturer and the j other filed. The boxes which have been I revised and classified will bear the in--1 speetor’s mark, and the date at which he made the classification. In order to identify the* boxes the manufacturer must stamp on each before inspection the date of elaboration and the number of the churu. This service will be started on January 1 for a provisional trial period of six months. During this first period no classification mark will be stumped on the boxes. The service will bo free of charge, and must bo solicited at least three days before shipment. 'lho Ministry further states in this resolution that it is convenient to increase the official control of butter shipments in order to stimulate the improvement in quality, the same as it is done in other countries, and further states tho advisability to establish an official mark for first-class export butter. It has now to be seen how this service will work out in practice, but in any case it is a good step forward, and once introduced will be continued after the trial period, says the correspondent. Of course, some mistakes may occur at the beginnintr. until the new butter classifying officials are well trained and their verdV’s trustworthy. In any case the intensive campaign started to obtain official classification has brought fruits and can only be for tho benefit of onr dairy industry, which is badly in need of it.

CUSTOMS ,REVENUE. The Customs revenue collected at the port of Wellington yesterday totalled £.5402.

latest quotations are as follow:Buyer s. Sellers. N.Z. GOVT. LOANS— £ B. d. £ 8. d. 4i p.c. Ins. Stk.. 1939 97 0 0 —— •11 p.c. ditto, 193S ... 97 J 6 — 51 p.c. ditto, 1933 ... — 101 0 0 5* p.c. ditto, 193(1 ... —- 101 6 p.c. Bonds, 1939 .. 97 2 0 li p.c. ditto, 193S ... 97 - 6 —— DEBENTURES— Wellington Gas ....100 0 0 N.Z. Breweries (stock) —- 1 3 6 Ditto (bonds) 1 3 0 1 1 > 6 Wanganui City, p.c. (1945) 100 0 0 BANKS— Australasia 14 19 0 15 2 6 Commercial of Aust. (rights) —- 0 7 5 National of N.Z 0 18 0 18 0 19 0 Ditto “D” shares (pd.) 1 6 3 FINANCIAL— Dalgetv and Co — 13 16 6 Abraham and Williams (pref.) — 4 7 6 N.Z. Guarantee Corp. — 0 9 0 1 0 Well. Invest. T. & A. 0 11 0 Well. Trust, Loan' .. 6 13 6 — GAS— Wellington (ord.) .. — 1 7 9 Ditto (pref.) 0 16 3 —— INSURANCE— ——. 0 15 9 New Zealand 2 0 3 2 1 3 South British 2 17 6 —— 11E A T PRESERVING— - ■ - 1 17 6 N.Z. Refrigerat. (£1) —- 0 16 3 Ditto (10s.) 1. ■ ■ 0 7 9 Well. Meat' Export 10 0 TRANSPORT— Huddart-Parker (ord.) (cum. div.) *> 10 0 T*. and O. def. stock.. 250 0 0 WOOLLEN— Wellington (ord.) ... —-■ 6 i 0 COAL— Westport-Stockton (ord.) 0 1 2 - 0 3 5 TIMBER— 0 12 6 BREWERIESNow Zen la nd 2 0 — Staples and Co 1 16 10 — „ — 0 10 0 15 0 MISCELLANEOUS— British Tobacco (Aust.), (ord ) - 0 o Colonial Sugar 57 0 57 17 6 D.I.C. (ord.) (prem.) 0 io 0 — N Z Drug — 3 9 6 N.Z. Farmers’ Fer0 0 N.Z. Paper Mills 0 16 9 Sharland and Co. (ord. 1 0 9 MINING— 10 0 Waihi Grand Junction 0 1 0 — Kawarau —— 0 0 8