THE WORLD OF COMMERCE

New Zealand Times, Volume LIII, Issue 12608, 19 November 1926, Page 8

THE WORLD OF COMMERCE

WELLINGTON STOCK EXCHANGE YESTERDAY'S QUOTATIONS. (3.15 p.m. Call.) Yesterday's closing quotations for premiums of investment and mining stocks, as advised by the Wellington Stock Ex* change, are as under: —

Eawarau 0 2 9 •Cum. div. Sales reported: Bank of New Zealand, .£3 0s Od, rights 6s 6d. SALES IN OTHEITcENTRES Per Pres* Association. AUCKLAND, November 18. Sales.—Moanatalari (paid) 6s 4d, (con.) 6s to 6s 63; .Sank of New Zealand (rights), 6s 7d; Wilson's Cement, 34s 8d; Taranaki Oil, 9s 9d; Kawarau, 3s 2d; Lucky Shot, Is, Is Id; New Waiotahi, Is 7d: Auckland City, 5i per cent, (deb.), <£96. Sale reported: Soldiers' per cent, inscribed stock, .£IOO 15s. Sales.—Soldiers' Inscribed Stock (1933), 5J per cent., «£IOO 15s; Bank of New Zealand, 60s 9d; Auckland Gas, 23s 9d; ditto (cont.), 13s; Electrolytic Zinc, 36s 6d; ditto (pref.), 37s 3d; Milne and Clioyce (debenture stock), 245; Taranaki Oil, Lucky Shot (cont.), Is 2d; Moanataiari, 5s lid; Waihi Grand Junction, 2s sd; Mount Lyell, 28s 3d. DUNEDIN, November 18. Sale reported: South British Insurance 575. Sales: Upper Nevis, 3s 6d premium (two); Bruoe Woollens (cum, div.), 19e. londoTwool sales Messrs Dalgety and Co., Ltd., report having received the following cablegram from their London house, under date of the 17th instant:— i “The following vessels have arrived in time for the next wool sale Devon, Matatua, Tainui, Maimoa, Athenic, Pakeha, Rotorua, Port Dunedin, Corinthic, and Remuei'a. "Our selling dates are: November 25th, December 3rd, and December Bth." New Zealand Loan and Mercantile Agency Co., Ltd., have received the following cablegram from their London house, under date 17th instant Wool sales—Wool sales lists closed November 15th, Devon, Tongariro, Hertford, Rotorua, Norfolk, and Remucra available.

LONDON TALLOW SALES Messrs Dfljgety and Co., Ltd., report having received) the following cablegram from their London house, under date of the 17th instant: "Tallow.—lßss casks offered; 241 casks sold. Mutton tallow nominally unchanged ; good mixed Is lower; low sorts 6d lower." The Bank of New Zealand (produce department) has received the following advice from its London office, under date 17th instant:—"Tallow.—There is a fair demand. Current q-udtations: Good muttQn 42s per cwt, good beef 41s per cwt, good mixed 40s to 40s Od per cwt, gut 35s 6d to 37s per cwt." LONDON MARKETS New Zealand Loan and Mercantile Agency Co., Ltd . have received tho following cablegram from their London house, under date 17th instant Tallow —We quote present c.i.f. and o. values for the following' descriptions of tallow:—Fine mutton. 42s per cwt: good beef, 43s per cwt; mixed, 40s 3d per cwt. Market quiet. Dairy produce (last week's quotations In parentheses)—Butter. New Zealand choicest, store, 138 s to 142 s per cwt (140 s to 1425); lower grades better demand. Control quotations unchanged (148 s to 150 s). Cheese, white, controlled 84s to 85s per cwt (80s to 87s). Market quiet. englFshmarkets MISCELLANEOUS Australian and N.Z Cable Association. (Received November 18. 8.25 p.m.) LONDON, November 17. Wheat—Freer offers have induced a weakness. Cargoes declined 6d to 9d, nnd parcels 9d. Tho price of gold is «£4 4s Usd an ounce. Tallow —At the sales 1853 cases were offered; and 280 sold at about Is decline. Mutton tallow, fine 43s ncr cwt, medium 40s; beef, fine 445. medium 39s 6d. AUSTRAUANMARKETS GENERAL PRODUCE PRICES LATEST QUOTATIONS. Bv Teleeranb.—Press Assn —Copyright (Received November 18. 9.5 p.m.) SYDNEY, November IS. Wheat —In view of tho continued weakness ovesen, local shippers aro reluctant to make offers for the season's delivery. Tho nominal value is about 4s 8d at country stations. 'Local millers have again adjusted their offers for November and December delivery to 5s 3d nnd 5s 4d, qx truck Sydney. b., November;!)©-

cember shipment; old season's, nominally £ls 105.,,, Oats—Tasmanian 3s lOd to 4s; white, 4s 3d to 4s sd. Maize—South African, 7s 6d. Potatoes —Tasmanian,' -618 to -625; New Zealand, nominally -615; Victorian, «£23; West Australian, <£27; local, ,£2O to J 623. Onions —Victorian, «£l2 to -616; local, J 612 to -613. (Received November 18, 9.5 p.m.) ADELAIDE, November 18. ■Wheat—Growers’ lots, old 5s 8d to 5s 9d ; new, November, 5s 5d to 5s 6d, December 5s 4jd. Flour —Bakers' lots, «£lo. Oats, 2s 4d to 2s 6d. commercial"bank * NOT ORDINARY SHARE ISSUE. At an extraordinary general meeting of the Commercial Bank of Australia, to be held in Melbourne on December 9th, the directors will make a recommendation to the shareholders that the capital should be increased by the creation of 2,000,000 new ordinary shares, which will make the registered capital of the bank .£5,000,000. This course is considered desirable in order to provide for the requirements of the bank's increasing business nnd for future expansion. It is not the of the directors to issue the whole of the shares at one lime, but at such times as they may conconsider expedient in the. interests of the bank. ' It is proposed that the iuw shares shall be issued at a premium of 10s per share, and shall be offered in the first instance to both classes of shareholders in proportion to the number of shares held by them respectively. The shares will carry dividend on the amounts from time to time due and paid up, but interest will bo allowed at the rate of 6 per cent, per annum on all instalments paid before their due dates. RYELAND SHEEP j FIXATION OF CUP. Per Press Association. AUCKLAND, November 18. The president, Mr T. A. Stevens,'who conducted the New Zealand Ryeland Sheep Society's annual meeting, referred to the healthy financial membership. Although only two years in existence, the society had made a very satisfactory improvement in the number and quality of the Hocks. ' With the idea of improving the quality, it was decided to accept single registrations of ewes for the Flock Book. A challenge cup is to be donated to tho breeder who gains most points in Ryeland classes at the Royal Show. FRIESIAN CATTLE BREEDERS MEETING OF ASSOCIATION DEHORNING ADVOCATED. Per Press Association. AUCKLAND, November 18. The New Zealand Friesian Association met at Auckland last evening. The president, Mr W. E. A. Gill (Wellington) was in the chair. He welcomed Mr James Pritchard, of Sydney, the Friesian judge at the Royal Show, and remarked that the judging had given general satisfaction. He congratulated Mr Jerome McAnnulty (Ashburton* on winning the championship in the bull section, nnd Messrs Whewell Bros. (Tamahero) on their success in the cow championship, and tho Auckland members wero praised for winning the provincial group Thanks were due to the Wellington and Taranaki breeders for bringing groups to the slimv. Mr H. .1 Marchnut (Tnranokß rep or led that the official judges had car-

ried a resolution asking the breeders t* dehorn pedigree female Friesian cattle* The breeders would understand that dahomed cows would be under no disadvantage in the show ring. A resolution that the ward system should be adopted for the election of members of tha council was defeated.

Buyers. Sellers. Ji s. d. A s. 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 (1936) 100 10 0 — War Bonds (1939) 96 12 6 — War Bonds (1938) 96 12 6 — War Bonds (1933) 100 10 0 — Debentures — Wn. Racine Club ... 106 0 0 — 1 4 10 1 5 6 Wn. Citv Council 5i 0 per cent. (1930) Banks— — 101 0 14 5 0 National of N.Z 7 1 0 0 New South Wales ... -V 45 0 New Zealand . 3 0 6 3 1 0 New Zealand (rights) 0 6 6 — (Jriion of Australia... 15 5 0 15 6 0 Financial— N.Z. Guarantee Corp, (ord., 8s) N.Z. Loan and Mer0 10 4 — cantile Agencv (ord.) 97 7 6* — Wn. Invest. T. and A Wn. Deposit & Mort0 10 6 0 10 W~r~i g ht. StepheDson 1 4 6 (ord.) Wrifht. Stephenson 0 17 6 (pref.) Insurance— •4 0 0 Meat Preserving— N.Z. Bi e f r i g erating (SI) :•••• N.Z. Eef rig erating (10s) ' 0 11 3 0 6 7 — Transport— Huddart, Parker (ord.) _ 2 7 9 Timber— Rotoiti - _ 1 0 0 Taringamuta 1 8 0 0 17 0 Breweries — Crown 1 0 19 6 Manning and Co — 1 1 6 Ward and Co. 2 2 6 — Miscellaneous— Electrolytic Zinc (ord.) Electrolytic Zinc 1 16 0 1 17 0 Howard, Smith 1 17 3 1 18 1 13 0 0 Mil burn Lime and Cement 1 10 6 — Sharland & Co. (ord.) Wairarapa Farmers' 1 2 9 (,£5) * 4 2 0 Wairarapa Far mers’ 0 16 3 Wairarapa Far mere' (pref.) — 0 16 11 Wellington Cordage ... — 0 18 0 Wilson's Cement 1 14 3 *1 15 3 Mining— Waihi 0 19 6 Waihi Grand Junction — 0 2 7