THE WORLD OF COMMERCE

New Zealand Times, Volume LIII, Issue 12606, 17 November 1926, Page 8

THE WORLD OF COMMERCE

WELLINGTON STOCK EXCHANGE YESTERDAY'S QUOTATIONS. (3.15 p.m. Call.) Yesterday’s closinpr quotations for premiums of investment and mining Htoclcs, as advised by the Wellington Stock Ex-

*Cum. div. Sales reported: N.Z. Breweries (bonds), £1 ss; Wellington Investment T. and A., 10s 9d; N.Z. Breweries, £2 12s and £2 13s. Sales oil 'Change.—N.Z. Government Loans, 5i per cent Bonds (1933), £IOO 12s 6d; Bank of New Zealand, £3 0s 6d. SALES IN~OTHEIf CENTRES Per Press Association. CHRISTCHURCH, November 16. Sales on 'Change.—New Zealand Government. 4£ per cent. Inscribed Stock (1938), £96 10s; Australian Bank of Commerce, 34s 3d; South British Insurance, 57s 6d; Howard Smith, 32s 6d (three parcels). Sales reported: New Zealand Government 54 per cent inscribed stock (1933), £IOO 10s. v Sale on 'Change: Kaiapoi Woollens (7s paid), 2s 6d. AUCKLAND, November 16. Sales on 'Change.—Wailu Grand Junction, 2s 4d; Moanataiari. 2s sd, 3s 3d. 3s sd, 3s 6d; Taranaki Oil, lfls; Alburnia, 4s sd; New Waiotahi, Is 4d; Ohinemuri Mines, 5s 9d; National Bank of New Zealand. £7 Is; South British Insurance. 575. Sales: War Loan (1927), 5 per cent., £99 2s 6d; Commercial Bank of Australia. 31s 9a; Bank of New South Wales, £44 17s 6d; Alburnia, 4s 6d; Moanalaiari, 3s; ditto (contr.), 4s, 4s 2d, 4s sd, 4s 6d, 4s 8d; New Waiotahi, Is sd, Is 7d. DUNEDIN, November 16. Sales. Kawarau, 3s (three); Upper Nevis, 3s 3d, 3s premium (two). . ENGUSHMARKETS LONDON WOOL SALES 137,000 BALES AVAILABLE. Australian and N.Z. Cable Association. (Received November 16. 7.40 p.m.) LONDON, November 15. The available quantity of wool for the sales opening in London on November 23rd will be 137,600 bales, including new arrivals, of Australian, 55,600 bales, and New Zealand 28,500 bales. 1 The Bradford tops market shows a better tone, and there is more business doing at slightly better prices. Wheat.—Th© cargoes market is inactive, with prices 3d to 6d easier, on freer American offerings, making closing prices lower. Parcels were in small request at Od to 9d decline. Liverpool futures: December, lls 6jd; March, 10s lOd; May, 10s OJd per cental. Metals.—Copper, standard spot ,£57 16s 3d a ton, forward £SB 13s 9d; lead, £29 10s and £3O; spelter, £34 and £33 12s 6d ; tin, £3ll 5s and £3Ol 12s 6d; silver, otandard 2oid an ounce, fine 271 d. LONDON WOOITSALES Messrs Dulgely olid Company, Limited, report huving received the following cablegram from their London bouse, under date of the 15tli inst. : "The list of arrivals for the next wool sales closed on the loth inst The following are the quantities available: Australian 55.600 bales, Cape 2000, New Zealand 28,500, South American 2500, carried forward 49,000; total quantity available 137,600.” Messrs Murray, Roberts and Co., Ltd., are. in receipt of tho following cablegram from their London agents:—“Tho following vessels have arrived i ntime for the consignments of wool by them to bo offered in the next series (November 23rdl: Tainui, Pakeha, Athenic, Corinthic. Maimoa, Malatua, Rotorua, ltemuera. NATTONAL INSURANCE CO. OF N.Z. The report and financial statement to be submitted to shareholders at the annual general meeting of the company, , to be held in the company's offices, Rattray street, Dunedin, on Thursday, November 18th; > The directors submit their report and balance sheet of tho company’s operations from October Ist, 1925, to September 30th, 1926. Tho net income for the year amounts

to £249,534 2s 7d; after making full provision for losses outstanding, and transferring £2091 to reinsurance reserve, there is an underwriting surplus of £14,709 18s 10d; interest and rents, £35,690 lls sd; less income tax thereon, £3498—£32,192 lls sd; profit on debentures, £166 10s; balance brought forward, £32,332 Sn 8d—£79,401 8s lid. Out of this an interim dividend was paid in May, 1926, £12,500; the directors have added to reserve fund, £15,000; they now

change, are as under:Buyers. Sellers. £ d. £ 6. d. Government Loans— Inscribed Stock (1939) 96 10 0 — Inscribed Stock (1938) 96 10 0 — Inscribed Stock (1933) 100 10 0 100 15 0 Inscribed Stock (1927) 96 10 0 — Inscribed Stock (1941) 96 10 0 — Inscribed Stock (1936) 100 10 0 — War Bonds (1939) 96 10 o' — War Bonds (1938) 96 10 0 — War Bonds (1930) 97 7 6 — War Bonds (1933) 100 10 0 — P.O. Bonds (1927) 99 0 0 — Debentures— Wellington Gas 102 0 0 Wn. Racing Club ... 106 0 0 — N.Z. Breweries (stock) — 1 5 3 N.Z. Breweries (bonds) 1 4. 9 1 5 6 Banks— National of N.Z 6 19 6 — New South Wales — 45 5 0 New Zealand 3 0 3 — Now Zealand (rights) 0 6 6 0 6 8 Union of Australia ... — 15 6 6 Financial— Equitable Building ... N.Z. Guarantee Corp 9 6 — (ovd., 8s) 0 10 5 — N.Z. Invest. Mortg. and Deposit N.Z. Loan and Her0 9 3 _ catile Agency (ord.) 95 0 0* — Wn. Invest. T. and A. 0 10 6 — Wn Trust Loan Wn. Deposit & Mort6 9 0 0 10 W r i g ht, Stephenson 1 4 6 Wri(fht. Stephenson (pref.) — 0 17 6 Gas— Auckland (paid) 1 4 0 Christchurch 1 3 9 1 4 t> n 12 0 Wellington (ord ) l 7 3 Wellington (pref.) 0 16 3 — Insurance— *4 0 0 19 6 Meat Preserving— N.Z. Refrigerating (10s) 0 6 7 0 7 0 Transport— Huddart, Parker (ord.) 2 7 9 Union Steam (pref) ... P. and O. Deferred i 0 i “ Stock Kelburn and Karori _ *250 0 0 Tram (ord.) Coal— i 6 6 Westport — *1 17 9 Timber— Leyland O'Brien 0 5 *2 3 C 8 16 National _ 0 Breweries — Manning and Co i 0 0 1 1 6 New Zealand 2 11 3 Staples and Co 1 17 0 1 18 0 Ward and Co 2 2 6 2 3 6 Miscellaneous— C. M. Banks (ord.) ... 1 0i 9 Burns, Philp and Co. Electrolytic Zinc — i 19 9 Electrolytic Zinc 9 y 12 Milburn Lime and Cement 1 10 6 N.Z. Paper Mills — *i 0 0 Scoullar and Co — 1 o 9 Sharland & Co. (ord.) — 1 O 9 Taranaki Oil Fields... 0 9 0 W T ilson , s Cement — *1 13 0 Mining— Blackwater Mines 0 r> 0 Kawarau a 0 2 9