THE WORLD OF COMMERCE

New Zealand Times, Volume LIII, Issue 12614, 26 November 1926, Page 8

THE WORLD OF COMMERCE

WELLINGTON STOCK EXCHANGE YESTERDAY’S QUOTATIONS. (3.15 p.m. Call.) • closing quotations for premiums of investment and mining stocks, as advised by the Wellington Stock Exchange, are as under: — Buyers. Sellers. £ s. <l. Me. d.

♦Cum. div. ICalls paid in advance. Sales reported: N.Z. Breweries (bonds), £1 ss; N.Z. Guarantee Corp. (ord.. Bs', 10s 6d (2). SALES IN OTHER CENTRES Per Press Association. AUCKLAND, November 25. Sales’on 'Change: Moanataiari, 6s; Alburnia, 4s 3d; Kawarau, 3s 8d; Lucky Shot, Is 3d; Auckland Gas (contrib.), 13s (paid), 23s 8d; 5£ per. cent. Stock (1936 k ,£IOO 15s. Sales reported: Pukemiro Collieries, *£3; Northern Steam, 6s Bd. Sales.—New Zealand Loan and Mercantile, .£96; Pukemiro Collieries, 60s; Northern Stvjom (cont.), 6s 8d; Alburnia, 4s 2d; Moanataiari, 6s 6d; ditto (cont.), 6s 2d, 6s 3d, 6s 4d, 6s sd, 6s 4d; New Waiotahi (cont.), Is 3d. CHRISTCHURCH, November 25. Sales: New Zealand Breweries (bonds), 25s (three parcels); Dalgety and Co!, .£ls 15s ; Mount Lyell (cum. div.), 28s lOd (two parcels). Sale reported; Bank of New Zealand (rights), 6s Bd. ' Sales reported.—New Zealand Refrigerating (,£1 paid), 15s; New Zealand Breweries, 52s Id. Sales on 'Change.—New Zealand Government 4* per cent Bonds (1938), .£96 15s; 6k per cent. Inscribed Stock (1933). •£IOO 10s; South British Insurance, ,£57 3s (two parcels^ DUNEDIN, November 25. Sale on 'Change: National Bank of New Zealand, ,£7 Is. LONDON WOOL SALES Messrs Dalgety and Company, Ltd., report having received the following cablegram from their London .house, under date of the 24th instant:—"No wool sales have been held to-day, owing to thick fog." The Bank of New Zealand, produce department, has received the following advice from its London office, under date 23rd insfc.: —The sales have opened with moderate competition and large attendance of buyers. Compared with the close, of last series all qualities of merinos and crossbreds are £d to Id per lb lower. New Zealand Loan and Mercantile Agency Co., Ltd., have received the following cablegram from their London house, under date 23rd instant There was a good attendance at the opening of the sales, competition by Home and German buyers being active, and prices, as compared with the close of the preceding series, ruled par to 5 per cent, lower for good and medium merino, and greasy crossbred, 5 per cent, to 7£ per cent, lower for inferior merino and clothing wool, and 5 per cent, lower for crossbred slipe. Th© opening catalogues were representative. The Department of Agriculture has received the following cablegram, dated 24th instant, from the High Commissioner for New Zealand, London "Wool sales commenced yesterday (Tuesday) with large representative attendance and fair competition, principally from German and Home trade. Compared with last closing rates, merino 5 per cent, to 7£ Tier cent, and crossbred , p > per cont. lower. 136,000 bales available for scries, of which 74,fi00 Australian and 53,000 New Zealand."

THE HOME MARKETS

New Zealand Loan and Mercantile Agency, Co., Ltd., received the following cablegram from their London house, under dnte 24th instant:— Tallow—We quote present’ c.i.f. and e. values for the following descriptions of tallow Fine mutton. 42s per cwt: good beef, 42s 6d per cwt; imxcd, 40s per cwt. . Market quiet. Dairy produce—Butter—New Zealand, more demand, 142 s to 144 s per cwt (138 s to 1425); controlled. 152 s to 156 s per cwt (Vlßs to 150 s). Chep'O—Quotations unchanged. (Last quotations 84s to Sss per cwt). LONDON TALLOW SALES Messrs Dalgety and Company, Ltd., report having received the followiug cablegram from their London house, under date of the 24th instant: —"Tallow pric-s nominally unchanged." AUSTRALIAN PRODUCE LATEST r PRICE QUOTA TJ OXS. By Telegraph-—l*ress Assn.—Copyright. (Received November 25, 8.55 p.m.; SYDNEY, November 25. Wheat, 4s 9d at country stations, equal to 5s 4d ex truck Sydney. Flour. —For export, .£l2 ss; local, £» r > for old, £l4 for new. Oats.—Tasmanian Algerian 3s FW *o 4s, white 4s 3d to 4s sd. Maize.—South African 7s 6d. Potatoes.—Tasmanian .£lB to £2-1, New Zealand nominally £ls, Victorian £lB *o £l9, We6t Australian £23. local £l6 t'-Onions.--Victorian £ll to £l2, 'real £ll. (Received November 25. 8.55 p.m.' ADELAIDE, November 25. Wheat.—Growers’ lots 5s 3d to 5s 3H» December delivery. Flour.—Bakers’ lots £l4 to £ls per ton. Oats, 2s 4d to 2s Cd,

ALAN COBHAM AVIATION, LTD.

NAME OF NEW COMPANY. Australian and N.Z. Cable Association. LONDON, November 24. With a nominal capital of £IOOO, a private company, Alan Cobham Aviation, Ltd., has been formed to make airplanes, airships, and aerobuses. Sir Alan Cobham is a permanent director.

, Government Loans — Inscribed Stock (1939) 96 12 6 Inscribed Stock (3938) 96 12 6 — Inscribed Stock (1933) 100 12 6 100 15 0 War Bonds (1939) 96 12 6 — War Bonds (1938) 96 12 6 — War Bonds (1933) 100 12 6 P.O. Inscribed Stock (1929) 98 0 0 Debentures— Wn. Racing Club ... 106 0 0 _ N.Z. Breweries (stock) — 1 5 0 N.Z. Breweries (bonds) — 1 5 6 Banks— New South Wales 45 0 0* New Zealand — 3 0 9 New Zealand (rights) 0 6 6 0 6 8 Union of Australia 15 4 0 15 6 0 Financial— N.Z. Guarantee Corp. (ord,, 8s) 0 10 9 N.Z. Guarantee Corp. (pref.) 1 0 6 N.Z. Loan and Mercantile Agencv (ord.) 95 0 0* vVn. Invest. T. & A. 0 10 6 — Wn. Deposit & Mortgage — 0 10 i W r i g ht, Stephenson (ord.) A — 1 4 6 W r i g ht, Stephenson (pref.) — 0 17' 6 Gas— Timaru 6 17 6 InsuranceNational — 3 18 0 New Zealand 1 19 3 Meat Preserving— N.Z. Refrigerating (.£1) 0 14 9 0 15 6 Goar 1 17 6 Transport— P. and O. Deferred Stock — •250 0 0 Woollen— Wellington (ord.) 6 10 6 Wellington (new issue) 6 6 6 J6 10 0 Timber— Taringamutu — 1 6 9 National — 0 16 0 Breweries— Manning and Co 1 0 0 1 1 0 N.Z. Breweries 2 11 4 Staples and Co — 1 18 3 Miscellaneous— Howard, Smith 1 12 9 Scoullar and Co 1 2 9 Sharland and Co. (ord. and pref.) — 1 2 6 Wellington Cordago ... — 0 18 0 Cement — •1 H 9