THE WORLD OF COMMERCE

New Zealand Times, Volume LIII, Issue 12615, 27 November 1926, Page 6

THE WORLD OF COMMERCE

WELLINGTON STOCK EXCHANGE YESTERDAY'S QUOTATIONS. . (3.15 p.m. Call.) 1 Yesterday’s closing quotations for pre- ! miums of investment and mining stocks, 7 as advised by tho "Wellington Stock Ex-' 2 change, are as under:— Buyers. Sellers, s £ a. d. Jt s. d.

# Curr. div. JCalls paid in advance. fElx. div. Sales reported: Wellington Invest., T. and A., 10s 9d; South British Insurance, £2 176; BurnSj Philp and Co., £1 19b. Sales on 'Change: New Zealand Government Loans, 5£ per cent, inscribed stock (1933), £IOO 15s. SALES INOTHER CENTRES Per Press Association* AUCKLAND, November 26. Sales: Moanataiari, 6s to 5s 7d; Kawarau, 3e 7d; New Waiotahi, le 3d (paid), Is 6d; Lucky Shot, Is 4d, le 3d; Ohinemuri Mines (forward), 6e; Auckland Gas . (contrib.), 13s Id; Taranaki Oil, 10e. Sale reported: Commercial Bank (ord.), 32s 3d. Sales.—Commercial Bank of Australia, 32s 3d; Goldsbrougli Mort., 49s lOd: Electrolytic Zinc, 35s 9d; Alburnia, 4s 2d; Kawarau, 3s 6d; New Waiotahi, Is 6d; Mount LyeU. 28s lOd, 295. CHRISTCHURCH, November 26. Sales: Crown Brewery, 216; New Zealand Breweries, 52s 6d; Kawarau, 3s 6d (two parcels); Mount Lycll (cum. div.), 295, 29s Id. Sales reported: New Zealand Government, 4£ per cent, bonds (1938), £96 15s; Kawarau, 3s Bd. DUNEDIN, November 26. Sale; Kawarau, 8s 6d. Sale reported: N.Z. Refrigerating (paid), 15s. Sales. —Mount Lyell (cum. div.), 295. Sales reported.—Commercial Bank, 32s Gd. FOREIGN EXCHANGE RATES Australian and NZ. Cablo Association. (Received November 26, 5.5 p.m.) LONDON, November 25. Foreign rates of exchange, compared with par rates, or as averaged first half of 1914, are i

ENGLISHJHARKETS DOMINION AND FOREIGN PRODUCTS LATEST PRICE QUOTATIONS. Australian and N.Z. Cable Association, i LONDON, November 25. Wool.—Tho London sales were postponed, owing to the fog. Wheat.—Tho cargoes market is quiet, with prices .mostly unchanged, though La Plata's arc 3rl down. For Russian shipments there is u fair inquiry, with 1s decline. r»ireels are in moderate reouest nt 3d down. Liverpool futures: December, lls 4sd; March. 10s fid; May Ifts 4pl. The spot trade is quiet, and prices are lower. Flour. —Slow. Gats and beans.—Quiet. Pens.“ Steady. (Received November 26. 5.5 p.m.) Metals.—Copper, spot £56 16s 3d. forward £57 11s 3d: lend, £29 5s and £29 11s 3d; speltor, £33 lfts and £33 10s: tin, £313 2*j 6d and £302 7s 6d: silver, standard 251 d an ounce, fine 27id. NEW ZEALAND PUBLICITY IN ENGLAND Australian and N.Z As«oeintion LONDON, November 25, New Zealand seized n valuable opportuuity for self-advertisement to-day

at the civic ceremonies in connection with a boy scouts* jamboree at Salisbury, where a stall showed prominently New Zealand honey, cheese, butter, whitebait, and tohcroa soup, as well as literature. A publicity officer was in attendance. There was also a Canadian display. LONDON'sTOcTeXCHANGE COLONIAL GOVERNMENT STOCKS Australian and N.Z. Cable Association. (Received November 26, 5.5 p.m.) LONDON, November 25. Following are the current quotations for Consols and for British and Dominion Government stocks, compared with tho quotations on November 18th: — Nov. Nov. 25th. 18th.

FROZEN MEAT Messrs Dalgety and Co., Ltd., report having received the following cablegram from their London house, under date of 25th instant: — Lamb—New Zealand prime crossbred lamb, Canterbury, heavy, 7£-d> light 9/d; North Island, heavy 7d, light 9W. Market-, any changes m favour or buyers. Demand poor. Mutton—New Zealand prime crossbred mutton, Canterbury, heavy s£d, light Gld; North Island, heavy scl, light sjd. Market weak, demand runs principally on light weights. Beef—New Zealand prim© ox beef, 'hinds 44rd, fores B£d. Market firm, demand better owing to cold weather. AUSTRALIAN FROZEN MEAT Good average crossbred lamb, light 9d, medium Bd, heavy 6sd* Market tending downwards, demand moderate. Good average quality crossbred mutton, light. 4d, heavy 3£d. Market weak and looks like' going lower, demand poor. Pork — Quotations for spot, with the exception of 801 b carcases, decidedly weaker. Quotations average for 1051 b carcases, 10$d; baconers, Bid. * DAIRY PRODUCE Messrs Dalgety and Co.. Ltd., report having received the following cablegram from their London house, under date of the 25th instant: — Butter—Market firm, control price new season's finest 158 s, first grade 1565, last season's stored 144 s to 148 s; Danish, 170 s (170 s); Australian, finest salted 148 s to 150 s (138 s to 1445), unsalted 162 s (160 s). Cheese Market quiet, control price new season's finest • white and coloured 85b, first grade 84s; Canadian, 82s to 88s (82s to 86s). (Last week's quotations shown in parentheses). ISLAND FRUIT FOR AUCKLAND RECORD CARGO SHIPPED. By Telegraph.*—Press Assn.—Copyright. . SUVA, November 26. The Tofua has left for Auckland with 27,000 cases of fruit. This is the largest shipped for many years. AUSTRALIAN MARKETS PRODUCE PRICES IN VICTORIA. MELBOURNE, November 26. The wheat market is quiet. For prompt delivery nominal prices are: 5s Cd per bushel, January 5s s£d. Flour.—.£ls 10s; cash, ,£ls ss. Oats. —Milling, 2s 9d. feed 2s Bd. Potatoes.—No demand for old at i!ll to ,£l3 10s; new, £l7 to «£lB. Onions. —£& tx> JOB se. canterburYTroduce DISAPPOINTING SEASON NEW CROPS LOOKING WELL. Per Press Association. CHRISTCHURCH, November 26. The season just ending has been such a disappointing one for the produce trade that mo9t of its members prefer to talk about 1927 prospects. Various small seeds are still on hand and will scarcely be cleared before the new season's stuff commences to como in. There is general agreement that a further increased potato area is going in this year, and seed has not been so cheap for years. Good prices earlier in the season have instilled confidence in the minds of growers. The unfavourable season in the Commonwealth for early potatoes and the strong demand there at present is another factor in the larger area and the probabilities of export in 1927 are considered bright. The early crops are looking well, and potatoes are still being Eut in. A small amount of forward usiness was done some months ago at «AJ4 a/ton on trucks but ,£3 10s is about the basis at present. There are a few while oats about, but nobody wants them. Values are nominal, but 4s 2d a bushel oats of a couple of mouths ago are worth about 6d less now. The new seasson possesses anything hut a rosy outlook for growers. The increasing vogue this year of the tractor on the farm will cause a further release of oat 6 for the market, and th'o Government figures of the area show n very heavy average. Prices are so far very much in the air, but little forward selling has taken place for Algerians at the equivalent of 2s 6d to 2s 7d a bushel on trucks. Gartons range about 3s a bushel. The rapid decline in ihc price of Australian flour has upset local millers’ prices. They had been buying fairly freely at 6s a bushel on trucks, but today imported flour is quoted at .£l2 a ton, f.o.b. Melbourne, and the buying element speedily retired. The wheat crops are looking particularly well, but a lengthy sped! of dry weather and freedom from rain are required to retard straw growth, which otherwise may detrimentally affect the yield. The crops so far, however, are looking at their best. The Statistician's estimate of the yield from 222,000 acres surprised most members of the trade. Tho general belief was that another 20.000 would have been sown, and that belief still exists in some quarters. HIDE ANb'SHEEPSKIN SALE A small catalogue of sheepskins wo l offered at yesterday's sale to the umio! attendance of buyers, who competed keenly for all sound lots, at prices par to a farthing advance on last sale's rates. Inferior, pelted and rough parcels sold at last sale’s level. Prices: Sheep- , skins, halfbred 83d to 131 cl, fine cross- I bred lid to 13id, medium-coarse cross- I brod 9jd to ,UJd, short to half wools 7d to lambs 8d to 12d, dead and damaged crossbred 7d to 9d, inferior and badly damaged 2d to 7d, pelts 4 : |d to 9d. ( damp, salted and green, 6s 6d to 11s 9d : pelts, salted. 2s Id to .'ls 9d; lamb*, sal!- j ed* 2s 6d to 3s. Hide*—Ox, extra heavy 7*d to IOJd,

heavy 7£d to Bid, medium 7£d to 7|d, light 6£d to 6£d, cut, slippy and inferior •ljd to 4£d; cow, heavy 6d to 6Jd, medium to 6jfd light 6d to 6|d, cut, elippy and inferior 4£d to s£d; bull, stag 3Jd, yearlings 6£d to 8d; calf, medium-good 9sd to llid, damaged 2d to 9£d. Tallow—ln barrels, 29s to 325; in tins, etc., 16s to 295. Sundries—Horsehair 18d, cow tails 13d.

Government Loans — Inscribed Stock (1939) 96 12 6 97 0 0 Inscribed Stock (1938) 96 12 6 Inscribed Stock (1933) 100 12 6 100 17 6 Inscribed Stock (1936) — 100 17 6 War Bonds (1938) 96 12 6 97 0 0 War Bonds (1933) 100 12 6 — Debentures — Wn. Kacingr Club ... 106 0 0 N.Z. Breweries (bonds) — 1 5 3 Banks— Commercial of Auslia (ord.) — 1 12 9 New South Wales — *45 10 0 New Zealand — 3 0 6 New Zealand (rights) 0 6 6 — Union of Australia ... 15 4 0 15 5 6 Financial— Abraham & Williams (ord.) — 4 4 0 Goldsbrough Mort 2 9 6 — N.Z. Guarantee Corp. (ord., 8s) 0 10 4 N.Z. Loan and Mercantile Agency (ord.) *95 12 6 — Wn. Invest. T. & A. 0 10 7 — Wn. Trust Loan 6 10 0 — Wn. Deposit & Mort0 10 4 W r i g ht, Stephenson •1 4 6 V? r i K ht, Stephenson (pref.) , — 0 17 6 Gas— Gisborne — to 11 6 Insurance— National — •3 18 0 New Zealand — 1 19 6 South British — 2 17 6 Meat Preserving— N.Z. Esfrig erating (10s) — 0 7 3 Gear — 1 17 6 Transport— Huddart, Parker (ord.) — 2 7 6 N.Z. Shipping (pref.) 9 0 0 — P. and O. Deferred Stock —’ *250 0 0 Woollen— Wellington (ord.) 6 10 0 Wellington (pref.) ... 610 0 *6 10 Wellington (new issue) 6 6 6 0 Coal— Waipa — 0 15 9 Timber— Leyland, O'Brien ...... — t2 2 0 Taringarautu — 1 6 0 National — 0 16 0 Breweries— Crown 1 0 6 N.Z. Breweries 2 13 0 — Miscellaneous— Burns, Philp and Co. 1 18 9 1 19 3 Electrolytic Zinc (ord.) — 1 16 6 Electrolytic Zinc (pref.) — ' 1 17 6 Howard, Smith — 1 12 6 N.Z, Milk Products (bonds) — 1 2 6 N.Z. Farmers' Fertiliser 4 13 6 Scoullar and Co — 1 2 9 Sharland and Co. (ord. and pref.) — 1 2 6 Smith & Smith (pref.) — , 0 19 0 Taranaki Oil Fields ... 0 9 9 — Wairarapa Farmers’ (-C5) - 4 2 0 Wairarapa farmers <£«■ ~ 0 16 6 Wairarapa Farmers (pref.) — 0 16 9 Wilson's Cement — •1 14 0 MiningMount Lyell # 1 8 6 Kawarau 0 3 3 —

Brussels, belgns Nov. 25 Nov. 22 Par to 42 Paris, francs 34.86 31.96 25.221 to £ Stockliolm, knr. 133.00 130.25 25.221 to ,£ 18.18 18.18 18.12 Oslo, knr. to £ (Jopenba gen, 18.99 18.83 18.12 km*, to £ ... Berlin, reicbs18.21 18.21 18.12 marks to «£... 20.43 20.43 — Home, lire to £ Calcutta, pence 114.03 116.37 25.221 to rupee Snk ohama. 17 13-10 24 pence to yen Hongkong, 24 .1-16 24 5-16 24.43 pence to dol Montreal dels. 23 i 23i 24 to £ New York, dols. 4.841 4.841 4.866 to £ A m s t c r d n m, 4.35 4.841 4.8CG florins to £... Batavia, florins 12.13 12.123 12.107 to £ 12.10 12.161 —

£ £ Consols 54-1 54| British War Loans, 3£ p.c. 93$ 98$ British War Loan, 5 p.c. ... 300 98* Conversion Loan, 3£ p.c. ... Commonwealth, 5i p.c., 1923<41 --H 47 Commonwealth, 6 p.c., 193198| 99! 41 102} 102-1 Victoria, 3 p.c., 1929-49 70$ 70J Victoria, &£ p.c., 1920-40 ... — 76 Victoria. p..c., 1930-40 100$ 1004 Victoria, 3 p.c., 1932-42 ...... 97 96-! Victoria, 5 p.c., 1940-60 fm 931 N.S.W.. 4 p.c., 3933 911 901 N.S.W., 3 p.c., 1935 81 81 N.9.W., 3?, p.c.. 1930-45 714 7Q N.S.W., 5j p.c., 1922-32 SOI 99 Lp N.S.W., 61 p.c., 1930-40 1034 1004 103$ N.S.W., 6 p.c., 1030-40 100i New Zealand, 4 p.c., 1929 ... 96| 96$ Now Zealand, 3 p.c., 1945 ... 76 Now Zealand. 3$ p.c., 1910... 80 851 Now Zealand, 6 p.c., 1936-51 108 108 South Aust.j p.c., 1939 ... South Aust., 3 p.c., 1916 or 82$ 821 after 59$ 10&1 591 South Aust., 6k p.c., 1939-40 1031 Tasmania, 3$ p.c., 1920-40 ... 83 82j Tasmania, 3 p.c., 1920-40 ... 78 781 Tasmania, 64 p.c., 1930-40 ... 104$ 1044 Queensland, 3i p.c., 1930 ... 92-i 92 Queensland, 3 p.c., 1922-47... 68 671 Queensland. 6 p.c., 1930-40... 302 102 West Aust., 33 p.c., 1920-32 851 85$ West Aust., 3 p.c., 1915-35... mt 82* West Aust., 6 p.c., 1930-40 ... 102$ P. and O. Shares 255 -’53